| 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 |
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 |
| 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 |
| 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 |
| 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 % |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
Balu Forge Industries
Balu Forge Industries
448.75
-9.10
(-1.99%)
Market Cap
5,160.26 Cr
PE Ratio
21.50
Volume
17,17,194.00
Day High - Low
465.80 - 446.30
52W High-Low
784.00 - 341.05
Key Fundamentals
Market Cap
5,160.26 Cr
EPS
23.90
PE Ratio
21.50
PB Ratio
3.49
Book Value
131.35
EBITDA
299.54
Dividend Yield
0.00 %
Industry
Industrial Products Sector
Castings & Forgings Return on Equity
19.36
Debt to Equity
0.06
Actual
Company News
View All News
Balu Forge Industries Ltd secured an order for 30,000 units of 152 mm artillery shells, with supplies starting June 2026. The order may scale up to over 100,000 units.
Balu Forge seeks nod for director re-appointment
May 27, 2026
May 27, 2026Balu Forge Industries Limited has initiated a postal ballot process for the re-appointment of two Independent Directors, Mr. Radhey Shyam Soni and Mrs. Shalu Laxmanraj Bhandari, for a term of two years. Shareholders can vote via remote e-voting from May 28, 2026, to June 26, 2026.
Balu Forge enters aerospace sector with US orderMay 26, 2026
May 26, 2026Balu Forge Industries secured its first aerospace order from Alpha Aircraft Systems Inc, USA. The advance was received on May 25, 2026.
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 |
|---|---|---|---|---|---|---|---|---|
4,489.10 | #1 41,892.45 | 33.42 | #1 4,355.48 | -5.71 | #1 1,273 | 37.81 | 66.20 | |
1,363.00 | 12,859.97 | 42.34 | 1,546.34 | 6.92 | 312 | 23.67 | 47.78 | |
448.75 | #3 5,160.26 | #2 21.50 | #4 1,107.37 | #2 17.71 | #3 259 | #7 4.78 | 40.92 | |
288.60 | 2,920.63 | 33.12 | 423.17 | 11.18 | 88 | -13.43 | 54.17 | |
1,690.00 | 1,951.77 | 67.79 | 141.78 | -0.15 | 27 | #1 730.43 | 55.08 | |
143.63 | 1,249.60 | 25.49 | 1,328.40 | 4.70 | 51 | 13.33 | 56.81 | |
556.65 | 865.20 | 184.20 | 366.42 | 0.75 | 7 | 121.05 | 52.16 | |
613.30 | 613.30 | 50.80 | 185.40 | 11.82 | 13 | 100.00 | 71.02 | |
142.55 | 553.30 | #1 21.09 | 98.35 | #1 38.91 | 25 | -98.07 | 67.44 | |
1,060.00 | 448.63 | 23.90 | 196.44 | 10.24 | 18 | -43.75 | 41.93 |
Automatic Screeners on ScanX
Growth Rate
Revenue Growth
17.71 %
Net Income Growth
26.78 %
Cash Flow Change
567.19 %
ROE
14.49 %
ROCE
12.50 %
EBITDA Margin (Avg.)
-7.86 %
Quarterly Financial Results
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 | 791 |
| Current Assets | 128 | 235 | 299 | 493 | 568 | 794 |
| Capital Work in Progress | 0 | 7 | 7 | 130 | 417 | 277 |
| Investments | 0 | 0 | 0 | 0 | 0 | 145 |
| Other Assets | 129 | 235 | 316 | 525 | 652 | 0 |
| 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 |
| 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 | Dec 2025 | Feb 2026 | Mar 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 % |
| 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 % |
| 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 % |
| 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 % |
| 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 % |
| 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 % |
| 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 |
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 | 0.00 | 0.00 | 0.15 | 0.15 | 0.00 |
| Dividend Yield (%) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.04 | 0.00 |
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 | 667.95 | 636.10 |
| 14 Nov 2025 | Quarterly Result Announcement | NA | 14 Nov 2025 | 630.70 | 608.15 |
| 12 Feb 2026 | Quarterly Result Announcement | NA | 12 Feb 2026 | 445.90 | 507.80 |
| 30 May 2026 | Quarterly Result Announcement | NA | 30 May 2026 | 475.90 | 475.90 |
Announcements
Announcement under Regulation 30 (LODR)-Monitoring Agency Report5 days ago
5 days agoStatement Of Deviation(S) Or Variation(S) Under Regulation 32 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 For The Quarter Ended 31St March 20265 days ago
5 days agoAnnouncement under Regulation 30 (LODR)-Newspaper Publication8 days ago
8 days agoAnnouncement under Regulation 30 (LODR)-Press Release / Media Release8 days ago
8 days agoAnnouncement under Regulation 30 (LODR)-Press Release / Media Release10 days ago
10 days agoEarnings Release For The Quarter And Year Ended March 31 2026.10 days ago
10 days agoAudited Financial Results For March 31 202610 days ago
10 days agoBoard Meeting Outcome for Audited Financial Results (Standalone And Consolidated) For The Quarter And Financial Year Ended March 31 202610 days ago
10 days agoCompliances-Reg.24(A)-Annual Secretarial Compliance10 days ago
10 days agoAnnouncement under Regulation 30 (LODR)-Newspaper PublicationMay 28, 2026
May 28, 2026Shareholder Meeting / Postal Ballot-Notice of Postal BallotMay 27, 2026
May 27, 2026Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseMay 26, 2026
May 26, 2026Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseMay 26, 2026
May 26, 2026Board Meeting Intimation for To Consider And Approve Audited Standalone And Consolidated Financial Results For The Quarter And Year Ended 31St March 2026.May 25, 2026
May 25, 2026Change In Name And Object Clause Of Subsidiary CompanyMay 25, 2026
May 25, 2026Announcement under Regulation 30 (LODR)-Change in ManagementMay 25, 2026
May 25, 2026Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)May 25, 2026
May 25, 2026Announcement under Regulation 30 (LODR)-CessationMay 21, 2026
May 21, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationApr 12, 2026
Apr 12, 2026Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Apr 09, 2026
Apr 09, 2026Closure of Trading WindowMar 26, 2026
Mar 26, 2026Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations 2011.Mar 16, 2026
Mar 16, 2026Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations 2011.Mar 16, 2026
Mar 16, 2026Revised Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations 2011.Mar 16, 2026
Mar 16, 2026Revised Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations 2011.Mar 16, 2026
Mar 16, 2026Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations 2011.Mar 16, 2026
Mar 16, 2026Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations 2011.Mar 16, 2026
Mar 16, 2026Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Mar 16, 2026
Mar 16, 2026Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Mar 13, 2026
Mar 13, 2026Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Mar 13, 2026
Mar 13, 2026Announcement under Regulation 30 (LODR)-AllotmentMar 09, 2026
Mar 09, 2026Announcement under Regulation 30 (LODR)-AllotmentMar 06, 2026
Mar 06, 2026Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseFeb 26, 2026
Feb 26, 2026Announcement under Regulation 30 (LODR)-AllotmentFeb 25, 2026
Feb 25, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationFeb 16, 2026
Feb 16, 2026Announcement under Regulation 30 (LODR)-Press Release / Media Release (Revised)Feb 13, 2026
Feb 13, 2026Announcement under Regulation 30 (LODR)-Monitoring Agency ReportFeb 12, 2026
Feb 12, 2026 Statement Of Deviation(S) Or Variation(S) Under Regulation 32 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 For The Quarter Ended 31St December 2025Feb 12, 2026
Feb 12, 2026Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseFeb 12, 2026
Feb 12, 2026Earnings Release For The Quarter And Nine Months Ended December 31 2025.Feb 12, 2026
Feb 12, 2026Financial Results For December 31 2025Feb 12, 2026
Feb 12, 2026Board Meeting Outcome for Board Meeting Outcome For Financial Results For The Quarter And Nine Months Ended December 31 2025Feb 12, 2026
Feb 12, 2026Announcement under Regulation 30 (LODR)-Credit RatingFeb 10, 2026
Feb 10, 2026Announcement under Regulation 30 (LODR)-AllotmentFeb 09, 2026
Feb 09, 2026Board Meeting Intimation for Unaudited Financial Results For Quarter And Nine Months Ended December 31 2025.Feb 06, 2026
Feb 06, 2026Announcement under Regulation 30 (LODR)-Credit RatingFeb 02, 2026
Feb 02, 2026Press ReleaseJan 29, 2026
Jan 29, 2026Intimation Under Regulation 30 Of The SEBI (LODR) Regulations 2015.Jan 13, 2026
Jan 13, 2026Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jan 05, 2026
Jan 05, 2026Announcement under Regulation 30 (LODR)-AllotmentDec 30, 2025
Dec 30, 2025Mutual Fund Holdings
| Funding House | Current Holding % | 1M Change | 1M Change % | 3M Change % | Last 6M Trend |
|---|---|---|---|---|---|
 Motilal Oswal BSE 1000 Index Fund Direct-Growth | 0.00% | -134 | -0.01% | -0.01% | |
 Angel One Nifty Total Market Index Fund Direct-Growth | 0.00% | 0 | 0.00% | -0.01% | |
 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 | 0.00% | 0 | 0.00% | -0.29% |
Technical Indicators
RSI(14)
Neutral 43.03
ATR(14)
Less Volatile 23.44
STOCH(9,6)
Neutral 35.05
STOCH RSI(14)
Neutral 43.20
MACD(12,26)
Bearish -2.51
ADX(14)
Weak Trend 14.88
UO(9)
Bearish 39.45
ROC(12)
Downtrend And Accelerating -3.16
WillR(14)
Neutral -79.41
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