| 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 | Dec 2025 | Mar 2026 | Jun 2026 |
Revenue  | 0 | 0 | 42 | 49 | 50 | 75 | 82 | 88 | 56 | 67 | 92 | 124 | 113 | 143 | 149 | 166 | 176 | 225 | 265 | 274 | 235 | 303 | 316 | 287 | 305 |
| Expenses | 0 | 1 | 39 | 40 | 43 | 65 | 69 | 72 | 45 | 57 | 72 | 103 | 91 | 109 | 114 | 127 | 132 | 158 | 188 | 195 | 161 | 217 | 227 | 204 | 216 |
| EBITDA | 0 | -1 | 3 | 9 | 7 | 10 | 13 | 15 | 11 | 10 | 20 | 21 | 22 | 34 | 34 | 39 | 44 | 68 | 77 | 79 | 74 | 86 | 89 | 83 | 89 |
| Operating Profit % | 0 % | 0 % | 8 % | 8 % | 10 % | 12 % | 15 % | 12 % | 11 % | 8 % | 20 % | 17 % | 19 % | 22 % | 22 % | 21 % | 25 % | 29 % | 26 % | 28 % | 31 % | 28 % | 27 % | 23 % | 28 % |
| Depreciation | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 3 | 3 | 3 |
| Interest | 0 | 0 | 1 | 3 | 2 | 1 | 1 | 2 | 2 | 3 | 3 | 4 | 3 | 4 | 4 | 4 | 2 | 3 | 2 | 4 | 2 | 4 | 5 | 5 | 5 |
| 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 | 81 | 75 | 81 |
| Tax | 0 | 0 | 1 | 1 | 2 | 2 | 3 | 3 | 2 | 3 | 6 | 2 | 2 | 7 | 5 | 6 | 8 | 16 | 15 | 11 | 13 | 15 | 10 | 10 | 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 | 71 | 66 | 66 |
| 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 | 6.41 | 6.35 | 5.49 |
Balu Forge Industries
Balu Forge Industries
481.20
-8.25
(-1.69%)
Market Cap
5,841.40 Cr
PE Ratio
21.78
Volume
5,56,389.00
Day High - Low
498.00 - 476.20
52W High-Low
678.00 - 341.05
Key Fundamentals
Market Cap
5,841.40 Cr
EPS
23.90
PE Ratio
21.78
PB Ratio
3.66
Book Value
131.35
EBITDA
332.50
Dividend Yield
0.03 %
Industry
Industrial Products Sector
Castings & Forgings Return on Equity
16.24
Debt to Equity
0.07
Actual
Company News
View All News
Balu Forge holds 37th AGM, adopts FY26 results
Sep 30, 2026
Sep 30, 2026Balu Forge Industries held its 37th AGM via VC on September 30, 2026. Members adopted FY26 financials and approved a final dividend of ₹0.15 per share.
Balu Forge appoints Amit Jain as CSSep 26, 2026
Sep 26, 2026Balu Forge Industries appointed Mr. Amit Vinaybhai Jain as Company Secretary & Compliance Officer effective October 15, 2026, succeeding Ms. Tabassum Begum.
Balu Forge Industries Limited has scheduled a physical one-on-one meeting with investors and analysts on September 11, 2026. The session will cover business updates and public domain information.
View more
Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
3,737.70 | #1 34,880.40 | 27.56 | #1 4,893.90 | 5.95 | #1 1,269 | -1.38 | 31.59 | |
1,922.60 | 18,149.60 | 55.39 | 1,577.10 | 9.04 | 302 | 39.27 | 34.92 | |
481.20 | #3 5,841.40 | #1 21.78 | #4 1,140.30 | #2 21.21 | #3 259 | #5 15.96 | 40.68 | |
356.50 | 3,607.80 | 39.75 | 438.60 | 15.24 | 87 | 19.10 | 53.06 | |
2,370.95 | 2,738.20 | 96.85 | 142.80 | 0.56 | 28 | #1 730.43 | 52.28 | |
1,546.50 | 1,546.50 | 107.07 | 189.70 | 14.41 | 12 | 127.27 | 66.27 | |
142.48 | 1,239.60 | 30.11 | 1,342.40 | 5.80 | 48 | -59.20 | 72.15 | |
616.20 | 957.80 | -108.14 | 376.40 | 3.49 | 5 | -397.06 | 51.01 | |
229.25 | 889.80 | 35.60 | 101.60 | #1 43.50 | 25 | -97.96 | 58.69 | |
1,241.60 | 525.50 | 33.80 | 198.30 | 11.28 | 19 | -44.78 | 37.28 |
Automatic Screeners on ScanX
Growth Rate
Revenue Growth
21.21 %
Net Income Growth
26.97 %
Cash Flow Change
-78.58 %
ROE
-16.12 %
ROCE
-19.88 %
EBITDA Margin (Avg.)
2.28 %
Quarterly Financial Results
Order Value Trend
FY 2026-27 order value₹100.00 Cr
FY 2026-275 Orders
Indian ammunition player
100.00%major Indian energetics player
0.00%Major Indian energetics player
0.00%Alpha Aircraft Systems Inc
0.00%Balance Sheet
| Balance Sheet | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
| Total Assets | 171 | 284 | 371 | 713 | 1,252 | 1,851 |
| Fixed Assets | 42 | 42 | 48 | 57 | 183 | 547 |
| Capital Work in Progress | 0 | 7 | 7 | 130 | 417 | 277 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 129 | 235 | 316 | 525 | 652 | 1,027 |
| Total Equity & Liabilities | 171 | 284 | 371 | 713 | 1,252 | 1,851 |
| Current Liabilities | 81 | 117 | 161 | 134 | 182 | 224 |
| Non Current Liabilities | 13 | 9 | 13 | 26 | 17 | 32 |
| Total Equity | 78 | 159 | 198 | 553 | 1,053 | 1,595 |
| Reserve & Surplus | 7 | 75 | 114 | 427 | 853 | 1,473 |
| Share Capital | 69 | 82 | 83 | 103 | 111 | 121 |
Cash Flow
| Cash Flow | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
| Net Cash Flow | 2 | 4 | -1 | 83 | 5 | -7 |
| Investing Activities | -3 | -8 | -21 | -134 | -416 | -354 |
| Operating Activities | 17 | -58 | 26 | -32 | 148 | 32 |
| Financing Activities | -12 | 69 | -6 | 249 | 273 | 315 |
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 | Dec 2025 | Feb 2026 | Mar 2026 | Jun 2026 |
| 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 % | 54.37 % | 54.87 % | 53.17 % | 54.39 % | 53.51 % |
| 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 % | 7.92 % | 7.94 % | 7.88 % | 6.02 % | 5.04 % |
| 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 % | 0.79 % | 0.80 % | 0.86 % | 0.89 % | 0.95 % |
| 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 % | 4.02 % | 4.06 % | 3.93 % | 4.02 % | 3.86 % |
| 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 % | 19.95 % | 20.22 % | 21.78 % | 22.67 % | 23.89 % |
| 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 % | 12.94 % | 12.12 % | 12.38 % | 12.01 % | 12.75 % |
| 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 | 70,098 | 70,445 | 79,569 | 79,480 | 83,997 |
Dividend History
| Annual Cash Flows | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.1 | 0.00 | 0.15 | 0.15 | 0.15 |
| Dividend Yield (%) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.11 | 0.00 | 0.02 | 0.04 | 0.03 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 19 Oct 2020 |  Change Of Name | NA | 19 Oct 2020 | 124.90 | 124.90 |
| 18 Nov 2021 |  Dividend | ₹ 0.10 /share | 17 Nov 2021 | 257.50 | 249.55 |
| 09 Aug 2024 |  Extraordinary General Meeting | NA | 09 Aug 2024 | 410.40 | 577.55 |
| 20 Sept 2024 | Dividend | ₹ 0.15 /share | 20 Sept 2024 | 469.45 | 741.10 |
| 30 Sept 2024 |  Annual General Meeting | NA | 30 Sept 2024 | 785.95 | 789.20 |
| 21 Oct 2024 |  Quarterly Result Announcement | NA | 21 Oct 2024 | 765.35 | 842.55 |
| 07 Feb 2025 | Quarterly Result Announcement | NA | 07 Feb 2025 | 538.40 | 643.55 |
| 14 May 2025 | Quarterly Result Announcement | NA | 14 May 2025 | 553.75 | 604.00 |
| 07 Aug 2025 | Quarterly Result Announcement | NA | 07 Aug 2025 | 624.10 | 619.95 |
| 19 Sept 2025 | Dividend | ₹ 0.15 /share | 19 Sept 2025 | 604.00 | 667.55 |
| 29 Sept 2025 | Annual General Meeting | NA | 29 Sept 2025 | 667.40 | 636.10 |
| 14 Nov 2025 | Quarterly Result Announcement | NA | 14 Nov 2025 | 628.50 | 606.95 |
| 12 Feb 2026 | Quarterly Result Announcement | NA | 12 Feb 2026 | 446.40 | 508.25 |
| 30 May 2026 | Quarterly Result Announcement | NA | 30 May 2026 | 475.75 | 475.90 |
| 12 Aug 2026 | Quarterly Result Announcement | NA | 12 Aug 2026 | 458.45 | 459.35 |
| 04 Sept 2026 | Extraordinary General Meeting | NA | 04 Sept 2026 | 463.00 | 570.35 |
| 18 Sept 2026 | Dividend | ₹ 0.15 /share | 18 Sept 2026 | 574.40 | 501.55 |
| 30 Sept 2026 | Annual General Meeting | NA | 30 Sept 2026 | 574.40 | 501.30 |
Announcements
Shareholder Meeting / Postal Ballot-Scrutinizers Report8 days ago
8 days agoShareholder Meeting / Postal Ballot-Outcome of AGMSep 30, 2026
Sep 30, 2026Closure of Trading WindowSep 26, 2026
Sep 26, 2026Announcement under Regulation 30 (LODR)-Change in ManagementSep 26, 2026
Sep 26, 2026Appointment of Company Secretary and Compliance OfficerSep 26, 2026
Sep 26, 2026Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance OfficerSep 26, 2026
Sep 26, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 08, 2026
Sep 08, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 08, 2026
Sep 08, 2026Dispatch Of Letter To Shareholders Providing Web-Link To Annual ReportSep 07, 2026
Sep 07, 2026Business Responsibility and Sustainability Reporting (BRSR)Sep 07, 2026
Sep 07, 2026Reg. 34 (1) Annual Report.Sep 07, 2026
Sep 07, 2026AGM On September 30 2026Sep 07, 2026
Sep 07, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 07, 2026
Sep 07, 2026Fixes Book Closure For The Purpose Of AGMSep 07, 2026
Sep 07, 2026Intimation Of Book Closure For The Purpose Of DividendSep 07, 2026
Sep 07, 2026Corporate Action-Board approves DividendSep 07, 2026
Sep 07, 2026Announcement under Regulation 30 (LODR)-Dividend UpdatesSep 07, 2026
Sep 07, 2026Board Meeting Outcome for Outcome Of Board Meeting For Recommendation Of Final Dividend And AGM For The Financial Year 2025-26Sep 07, 2026
Sep 07, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 04, 2026
Sep 04, 2026Shareholder Meeting / Postal Ballot-Scrutinizer"s ReportSep 04, 2026
Sep 04, 2026Shareholder Meeting / Postal Ballot-Outcome of EGMSep 04, 2026
Sep 04, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 03, 2026
Sep 03, 2026Press Release - Acquisition Of Ring Rolling Production LineSep 03, 2026
Sep 03, 2026Appointment Of Goindia Advisors LLP As Investor Relations Agency.Sep 02, 2026
Sep 02, 2026Board Meeting Intimation for Recommendation Of Final Dividend And AGM For The Financial Year 2025-26Sep 02, 2026
Sep 02, 2026Press Release - Receipt Of Multi Month Contract For 155Mm ERFB BB/BT ShellsAug 17, 2026
Aug 17, 2026Announcement under Regulation 30 (LODR)-Monitoring Agency ReportAug 14, 2026
Aug 14, 2026 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 2026Aug 14, 2026
Aug 14, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 14, 2026
Aug 14, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 14, 2026
Aug 14, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 14, 2026
Aug 14, 2026EGM On September 04 2026Aug 13, 2026
Aug 13, 2026Raising Of Funds By Way Of Issuance Of Foreign Currency Convertible Bonds (Fccbs)Aug 12, 2026
Aug 12, 2026Financial Results For June 30 2026Aug 12, 2026
Aug 12, 2026Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 12, 2026
Aug 12, 2026Earnings Release For The Quarter Ended June 30 2026.Aug 12, 2026
Aug 12, 2026Board Meeting Outcome for Consideration And Approval Of The Un-Audited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended June 30 2026 And Fund Raising.Aug 12, 2026
Aug 12, 2026Board Meeting Intimation for Consideration And Approval Of The Un-Audited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended June 30 2026 And Fund Raising.Aug 07, 2026
Aug 07, 2026Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 08, 2026
Jul 08, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJun 29, 2026
Jun 29, 2026Shareholder Meeting / Postal Ballot-Outcome of Postal_BallotJun 29, 2026
Jun 29, 2026 Shareholder Meeting / Postal Ballot-Scrutinizer"s ReportJun 29, 2026
Jun 29, 2026Closure of Trading WindowJun 25, 2026
Jun 25, 2026Announcement under Regulation 30 (LODR)-Investor PresentationJun 24, 2026
Jun 24, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJun 19, 2026
Jun 19, 2026Announcement under Regulation 30 (LODR)-Monitoring Agency ReportJun 04, 2026
Jun 04, 2026Statement Of Deviation(S) Or Variation(S) Under Regulation 32 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 For The Quarter Ended 31St March 2026Jun 04, 2026
Jun 04, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationJun 01, 2026
Jun 01, 2026Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJun 01, 2026
Jun 01, 2026Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseMay 30, 2026
May 30, 2026Mutual Fund Holdings
| Funding House | Current Holding % | 1M Change | 1M Change % | 3M Change % | Last 6M Trend |
|---|---|---|---|---|---|
 Motilal Oswal BSE 1000 Index Fund Direct-Growth | 0.01% | 6 | 0.00% | 0.00% | |
 Angel One Nifty Total Market Index Fund Direct-Growth | 0.01% | 0 | 0.00% | 0.00% | |
 Bandhan Nifty Total Market Index Fund Direct-Growth | 0.00% | 0 | 0.00% | -0.01% | |
 Groww Nifty Total Market Index Fund Direct-Growth | 0.00% | 0 | 0.00% | -0.01% | |
 Mirae Asset Nifty Total Market Index Fund Direct-Growth | 0.00% | 0 | 0.00% | -0.01% | |
Motilal Oswal Nifty Microcap 250 Index Fund Direct-Growth | 0.27% | 0 | 0.00% | -0.04% |
Technical Indicators
RSI(14)
Neutral 40.68
ATR(14)
Less Volatile 22.86
STOCH(9,6)
Neutral 43.12
STOCH RSI(14)
Neutral 26.32
MACD(12,26)
Bearish -1.70
ADX(14)
Weak Trend 19.56
UO
Bearish 39.46
ROC
Downtrend And Accelerating -4.76
WillR
Oversold -90.62
we are part of Raise Financial Services
built with love
for indians who love to invest & trade
Market Community
Follow us on
