Balu Forge Industries
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Balu Forge Industries

638.95
-7.40
(-1.14%)
Market Cap
₹7,283.51 Cr
PE Ratio
30.28
Volume
5,82,807.00
Day High - Low
₹648.00 - ₹636.00
52W High-Low
₹867.70 - ₹428.40
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There are new updates from the company1 day ago
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Key Fundamentals
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Market Cap
7,283.51 Cr
EPS
19.24
PB Ratio
5.91
Book Value
109.56
EBITDA
268.30
Dividend Yield
0.02 %
ROE Growth %
-
Debt to Equity
0.06
Forecast For
Actual

Company News

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positive
Balu Forge Industries commenced operations of its indigenously built empty shell production line at its Belgaum facility with annual capacity of 360,000 shells, featuring near 100% automation powered by FANUC Robotics. The unmanned forging line serves large calibre ammunition projectiles for the defence industry and supports the government's Atmanirbhar Bharat mission, with plans for phased expansion of additional high-precision production lines.
neutral
CRISIL Ratings Limited has reiterated its credit ratings on Balu Forge Industries Limited's bank facilities totaling Rs. 76 Crore, with ratings of CRISIL BBB and CRISIL A2. The rating rationale was published on CRISIL's website on 27th November, 2025, confirming the company's existing credit assessment for its banking arrangements.
positive
Balu Forge Industries Reports Strong Q2FY26 Results with 34.4% Revenue GrowthNov 15, 2025
Balu Forge Industries Limited announced quarterly results for September 30, 2025, with consolidated revenue from operations reaching Rs. 2,995 million, up 34.4% year-on-year, and PAT of Rs. 650 million, reflecting a 35.5% increase. The precision engineering and manufacturing company also reported EBITDA of Rs. 828 million with a margin of 27.6%, while continuing expansion of its Hattargi facility with integrated forging and machining capabilities.
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Competitors
LTP
Market Cap (₹ Cr.)
P/E Ratio
Revenue (₹ Cr.)
YoY Revenue Growth %
Net Profit (₹ Cr.)
YoY Profit Growth %
RSI
3,638.20
#1 33,951.82
30.47
#1 4,619.10
-10.05
#1 1,060
8.23
47.91
1,071.40
10,103.76
36.91
1,446.30
5.45
267
2.80
61.48
638.95
#3 7,283.51
#5 30.28
#4 940.80
#1 65.02
#3 204
#4 35.42
53.88
212.57
2,151.21
23.84
380.60
-7.73
72
74.44
44.74
1,555.00
1,805.91
50.96
142.00
9.65
36
52.17
51.35
108.72
945.88
26.26
1,268.80
-0.97
37
-51.02
44.18
532.40
827.51
53.97
363.70
10.85
17
-42.86
38.67
499.00
499.05
65.79
165.80
-3.66
6
#1 100.00
50.68
109.45
424.80
27.39
70.80
49.05
17
-87.74
39.40
891.95
377.53
#1 17.72
178.20
22.64
23
-19.40
32.15

Automatic Screeners on ScanX

Growth Rate
Revenue Growth
65.02 %
Net Income Growth
118.07 %
Cash Flow Change
567.19 %
ROE
14.49 %
ROCE
12.50 %
EBITDA Margin (Avg.)
25.65 %

Quarterly Financial Results

Quarterly Financials
Jun 2020
Sept 2020
Dec 2020
Mar 2021
Jun 2021
Sept 2021
Dec 2021
Mar 2022
Jun 2022
Sept 2022
Dec 2022
Mar 2023
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Jun 2025
Sept 2025
Revenue
0
0
42
49
50
75
82
88
56
67
92
124
113
143
149
166
176
225
265
274
235
303
Expenses
0
1
39
40
43
65
69
72
45
57
72
103
91
109
114
127
132
158
188
195
161
217
EBITDA
0
-1
3
9
7
10
13
15
11
10
20
21
22
34
34
39
44
68
77
79
74
86
Operating Profit %
0 %
0 %
8 %
8 %
10 %
12 %
15 %
12 %
11 %
8 %
20 %
17 %
19 %
22 %
22 %
21 %
25 %
29 %
26 %
28 %
31 %
28 %
Depreciation
0
0
0
1
0
0
0
0
0
0
0
0
1
1
1
1
1
1
1
1
2
2
Interest
0
0
1
3
2
1
1
2
2
3
3
4
3
4
4
4
2
3
2
4
2
4
Profit Before Tax
0
-1
2
5
5
9
11
13
9
7
17
17
19
30
30
35
42
64
74
74
70
80
Tax
0
0
1
1
2
2
3
3
2
3
6
2
2
7
5
6
8
16
15
11
13
15
Net Profit
0
-1
2
5
4
7
8
11
7
5
11
15
17
23
25
28
34
48
59
63
57
65
EPS in ₹
0.00
-16.21
0.27
0.55
0.54
0.95
1.12
1.43
0.90
0.58
1.37
1.83
2.00
2.47
2.58
2.76
3.33
4.55
5.52
5.74
5.04
6.08

Balance Sheet

Balance Sheet
2021
2022
2023
2024
2025
Total Assets
171
284
371
713
1,252
Fixed Assets
42
42
48
57
183
Current Assets
128
235
299
493
568
Capital Work in Progress
0
7
7
130
417
Investments
0
0
0
0
0
Other Assets
129
235
316
525
652
Total Liabilities
171
284
371
713
1,252
Current Liabilities
81
117
161
134
182
Non Current Liabilities
13
9
13
26
17
Total Equity
78
159
198
553
1,053
Reserve & Surplus
7
75
114
427
853
Share Capital
69
82
83
103
111

Cash Flow

Cash Flow
2021
2022
2023
2024
2025
Net Cash Flow
2
4
-1
83
5
Investing Activities
-3
-8
-21
-134
-417
Operating Activities
17
-58
26
-32
148
Financing Activities
-12
69
-6
249
274

Share Holding

% Holding
Mar 2021
May 2021
Jun 2021
Sept 2021
Dec 2021
Mar 2022
Apr 2022
Jun 2022
Sept 2022
Dec 2022
Mar 2023
Jun 2023
Jul 2023
Sept 2023
Oct 2023
Dec 2023
Mar 2024
Apr 2024
May 2024
Jun 2024
Jul 2024
Sept 2024
Dec 2024
Mar 2025
Apr 2025
May 2025
Jun 2025
Sept 2025
Promoter
69.85 %
64.62 %
64.62 %
64.62 %
64.62 %
66.24 %
65.41 %
65.41 %
65.41 %
65.41 %
65.41 %
65.41 %
56.16 %
57.47 %
56.07 %
56.07 %
56.07 %
56.07 %
54.85 %
56.07 %
57.06 %
54.71 %
54.71 %
55.25 %
55.78 %
54.85 %
54.85 %
54.85 %
FIIs
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
6.48 %
8.76 %
0.00 %
9.71 %
0.00 %
8.65 %
8.51 %
8.32 %
10.43 %
6.93 %
7.07 %
6.98 %
8.65 %
8.20 %
8.33 %
DIIs
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
2.00 %
1.95 %
0.00 %
1.89 %
0.00 %
0.83 %
1.43 %
1.40 %
0.93 %
0.97 %
1.07 %
1.06 %
0.83 %
0.86 %
0.84 %
Government
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
4.06 %
0.00 %
0.00 %
0.00 %
4.23 %
4.17 %
4.13 %
4.06 %
4.06 %
4.06 %
Public / Retail
16.10 %
19.07 %
19.06 %
19.06 %
18.13 %
16.88 %
17.57 %
16.97 %
17.19 %
17.07 %
16.69 %
18.77 %
20.61 %
19.89 %
19.40 %
19.39 %
19.31 %
20.38 %
21.50 %
20.58 %
20.12 %
21.57 %
21.71 %
22.10 %
21.84 %
21.50 %
21.64 %
21.04 %
Others
14.05 %
16.31 %
16.31 %
16.32 %
17.25 %
16.88 %
17.02 %
17.62 %
17.41 %
17.52 %
17.90 %
15.82 %
23.23 %
14.16 %
13.82 %
24.53 %
13.01 %
23.54 %
10.11 %
13.41 %
13.11 %
12.36 %
11.45 %
10.33 %
10.21 %
10.11 %
10.39 %
10.88 %
No of Share Holders
1,681
1,773
1,806
1,816
2,647
3,147
3,688
3,904
5,986
6,478
7,806
12,129
12,362
12,362
13,799
18,054
23,723
23,613
76,069
29,419
29,419
48,280
66,310
71,461
73,283
76,069
77,243
72,351

Dividend History

Annual Cash Flows 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Dividend Per Share (₹) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.15 0.15
Dividend Yield (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.02

Corporate Action

Record Date Corporate Action Information Announcement Day LTP at Annoucement LTP at Record Day
19 Oct 2020 CHANGE OF NAME Change Of Name
NA
19 Oct 2020 124.90 124.90
18 Nov 2021 DIVIDEND Dividend
₹ 0.10 /share
17 Nov 2021 257.50 249.55
09 Aug 2024 EXTRAORDINARY GENERAL MEETING Extraordinary General Meeting
NA
09 Aug 2024 410.40 577.55
20 Sept 2024 DIVIDEND Dividend
₹ 0.15 /share
20 Sept 2024 469.45 741.10
30 Sept 2024 ANNUAL GENERAL MEETING Annual General Meeting
NA
30 Sept 2024 785.95 789.20
21 Oct 2024 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
21 Oct 2024 765.35 842.55
07 Feb 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
07 Feb 2025 538.40 643.55
14 May 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
14 May 2025 553.75 604.00
07 Aug 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
07 Aug 2025 624.10 619.95
19 Sept 2025 DIVIDEND Dividend
₹ 0.15 /share
19 Sept 2025 604.00 667.55
29 Sept 2025 ANNUAL GENERAL MEETING Annual General Meeting
NA
29 Sept 2025 667.95 636.10
14 Nov 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
14 Nov 2025 630.70 608.15

Announcements

Announcement under Regulation 30 (LODR)-Press Release / Media Release1 day ago
Announcement under Regulation 30 (LODR)-Credit RatingNov 29, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 17, 2025
Announcement under Regulation 30 (LODR)-Monitoring Agency ReportNov 14, 2025
Statement Of Deviation(S) Or Variation(S) Under Regulation 32 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 For The Quarter Ended 30Th September 2025Nov 14, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseNov 14, 2025
Earnings Release For The Quarter And Half Year Ended September 30 2025.Nov 14, 2025
Financial Results For September 30 2025Nov 14, 2025
Board Meeting Outcome for For Financial Results For The Quarter And Half Year Ended September 30 2025Nov 14, 2025
Board Meeting Intimation for Unaudited Financial Results For Quarter And Half Year Ended September 30 2025.Nov 06, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 07, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseOct 07, 2025
Shareholder Meeting / Postal Ballot-Scrutinizers ReportOct 01, 2025
Shareholder Meeting / Postal Ballot-Outcome of AGMSep 29, 2025
Closure of Trading WindowSep 24, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 05, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 04, 2025
Dispatch Of Letter To Shareholders Providing Web-Link To Annual ReportSep 04, 2025
Business Responsibility and Sustainability Reporting (BRSR)Sep 04, 2025
Fixes Book Closure For The Purpose Of AGMSep 04, 2025
Fixes Record Date For Payment Of Dividend For The FY 2024-25Sep 04, 2025
Reg. 34 (1) Annual Report.Sep 04, 2025
Notice Of The Annual General Meeting (AGM) Scheduled On September 29 2025.Sep 04, 2025
Appointment Of Secretarial Auditors Of The CompanySep 04, 2025
Board Meeting Outcome for Board Meeting Outcome For AGM And Other Matters For Board Meeting Held On 04.09.2025Sep 04, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 10, 2025
Reconstitution Of Committees Of The Board Of DirectorsAug 07, 2025
Announcement under Regulation 30 (LODR)-Monitoring Agency ReportAug 07, 2025
Statement Of Deviation(S) Or Variation(S) Under Regulation 32 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 For The Quarter Ended 30Th June 2025.Aug 07, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 07, 2025
Earnings Release For The Quarter Ended June 30 2025.Aug 07, 2025
Un-Audited Standalone And Consolidated Financial Results For The Quarter Ended June 30 2025Aug 07, 2025
Board Meeting Outcome for Board Meeting For Consideration Of Un-Audited Financial Results For The Quarter Ended June 30 2025.Aug 07, 2025
Board Meeting Intimation for Consideration Of Standalone & Consolidated Un-Audited Financial Results - For The Quarter Ended June 30 2025.Jul 30, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 11, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 05, 2025
Disclosures under Reg. 10(7) of SEBI (SAST) Regulations 2011Jul 02, 2025
Disclosures under Reg. 10(7) of SEBI (SAST) Regulations 2011Jul 02, 2025
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Jun 27, 2025
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Jun 27, 2025
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Jun 27, 2025
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Jun 27, 2025
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Jun 27, 2025
Closure of Trading WindowJun 27, 2025
Disclosures under Reg. 10(6) of SEBI (SAST) Regulations 2011Jun 27, 2025
Disclosures under Reg. 10(6) of SEBI (SAST) Regulations 2011Jun 27, 2025
Corrigendum To The Announcement Dated June 23 2025Jun 24, 2025
Announcement under Regulation 30 (LODR)-AcquisitionJun 23, 2025
Disclosures under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Regulations 2011Jun 03, 2025
Disclosures under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Regulations 2011Jun 03, 2025

Mutual Fund Holdings

Technical Indicators

RSI(14)
Neutral
56.35
ATR(14)
Less Volatile
25.28
STOCH(9,6)
Neutral
53.17
STOCH RSI(14)
Neutral
64.68
MACD(12,26)
Bullish
1.64
ADX(14)
Weak Trend
10.35
UO(9)
Bearish
56.14
ROC(12)
Uptrend And Accelerating
4.05
WillR(14)
Overbought
-15.19