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₹483.25

▼ -14.95 -3.00%

As of 14 Sept 2026 · delayed

NSE Listed · Industrials

Balu Forge Industries Limited (BALUFORGE)

Volume: 052W Range:₹341.05₹696.7
NSE BSE www.baluindustries.com AI Report
Key Ratios
Checked just now
Market Cap₹5,866 Cr
Current Price₹483.25
Previous Close₹498.2
High / Low (52w)₹696.7 / ₹341.05
Volume0
Avg Vol (1W)—
Avg Vol (1M)—
Stock P/E19.84
Book Value₹154.03
Dividend Yield3%
ROE19.56%
ROA11.67%
Revenue (TTM)₹1,107 Cr
Revenue Growth—
Profit Margin—
Total Debt₹152 Cr
Shares Outstanding11 Cr
Face Value₹10
EPS (TTM)₹24.36
P/B3.14
Debt / Equity9.52
50 DMA₹502.95
200 DMA₹487.76
Day change-3.00%
Price Chart
₹483.25▼ 28.66% · 1Y
₹677₹3561.3Cr
2025-09-17
2026-09-14

20-day avg volume: 24.0L shares

Pros
  • Healthy return on equity of 19.6%.
  • Pays a dividend yield of 3.0%.
  • Company is almost debt-free.
  • Revenue grew 19% YoY.
  • Net profit is growing year over year.
Quarterly Results
MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue₹223 Cr₹256 Cr₹270 Cr₹233 Cr₹300 Cr₹311 Cr₹264 Cr₹301 Cr
EBITDA₹67 Cr₹76 Cr₹78 Cr₹72 Cr₹84 Cr₹86 Cr₹80 Cr₹85 Cr
Net Profit₹48 Cr₹59 Cr₹63 Cr₹57 Cr₹65 Cr₹71 Cr₹66 Cr₹66 Cr
EPS————————
Profit & Loss (Annual)
MetricDec 2024Mar 2025Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue₹161 Cr₹158 Cr₹941 Cr₹150 Cr₹167 Cr₹171 Cr₹159 Cr₹175 Cr
EBITDA₹57 Cr₹54 Cr₹265 Cr₹49 Cr₹55 Cr₹53 Cr₹60 Cr₹57 Cr
Net Profit₹40 Cr₹39 Cr₹204 Cr₹34 Cr₹36 Cr₹39 Cr₹45 Cr₹38 Cr
EPS——18.38—————
Balance Sheet
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹0 Cr₹171 Cr₹284 Cr₹371 Cr₹712 Cr₹1,252 Cr₹1,851 Cr
Total Liabilities₹0 Cr₹94 Cr₹126 Cr₹173 Cr₹160 Cr₹199 Cr₹256 Cr
Equity₹0 Cr₹78 Cr₹159 Cr₹198 Cr₹553 Cr₹1,053 Cr₹1,595 Cr
Total Debt₹0 Cr—————₹152 Cr
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹19 Cr₹-60 Cr₹26 Cr₹-15 Cr₹183 Cr₹32 Cr
Investing₹-3 Cr₹-8 Cr₹-21 Cr₹-134 Cr₹-417 Cr₹-354 Cr
Financing₹-12 Cr₹69 Cr₹-6 Cr₹249 Cr₹274 Cr₹315 Cr
Free Cash Flow₹19 Cr₹-60 Cr₹26 Cr₹-15 Cr₹183 Cr₹-322 Cr
Shareholding
Promoter 64.17% Institutions 2.49% Public 33.34%
About Balu Forge Industries Limited

Industrials · Metal Fabrication

Balu Forge Industries Limited manufactures and sells crankshafts in India and internationally. It offers bombshell, stainless steel flanges, valve components, stub ends, forged hydraulic fittings, railway wheels, axles, wheel sets, swan necks, flange balls, tow bar, sorting, snap, shank, ramshorn lifting hooks, hub, brake flange, disc, caliper, rotor, track, body and piston brakes, front axle beams, steering knuckles, control arm, fork, steering, drive shafts, input and output shafts, main shafts, yokes, track shoe, track link, track roller, carries roller, sprocket, track chain, idler, turbine blade, and empty shells. The company serves the agriculture tractor and harvester; defense; oil and gas pump and compressor; heavy duty truck, bus, and trailer automotive; generator industrial, standby home backup, and portable; refrigeration compressor industrial; railway; aerospace; marine; locomotive; off road and on road motorcycle, cart, and jet ski; racing; earth-moving equipment; gensets; wind energy; and e-mobility industries. Balu Forge Industries Limited is based in Mumbai, India.

www.baluindustries.com ↗
Efficiency & Working Capital
ROCE18.5%
Interest Coverage24.2
Dividend Payout—
Debtor Days129 d
Inventory Days39 d
Payable Days47 d
Cash Conversion Cycle121 d
Working Capital Days168 d
Shareholding Details

As of 2026-06-30

Promoter53.5%
FII5%
DII0.9%
Institutions6%
Public40.5%
Promoter Pledge1.4%
No. of Shareholders83,997
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodDec 2024Mar 2025Apr 2025Apr 2025May 2025May 2025Jun 2025Sept 2025Dec 2025Feb 2026Mar 2026Jun 2026
Promoters54.7%55.3%55.8%55.8%54.9%54.9%54.9%54.4%54.9%53.2%54.4%53.5%
FIIs6.9%7.1%7%7%8.7%8.7%8.2%7.9%7.9%7.9%6%5%
DIIs1%1.1%1.1%1.1%0.8%0.8%0.9%0.8%0.8%0.9%0.9%0.9%
Public37.4%36.6%32.1%36.2%31.6%35.7%36.1%36.9%36.4%38.1%38.7%40.5%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%1.4%1.4%
No. of Shareholders66,31073,28373,28373,28376,06976,06977,24370,09870,44578,31679,71183,997
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503————
Major Shareholders (>1%)
NameCategoryStakeShares
Jaspalsingh Prehladsingh ChandockShareholding of Promoter and Promoter Group50.5%6.05 Cr
Enforcement Directorate RaipurPublic Shareholding3.9%46,24,001
Jaikaran Jaspalsingh ChandockShareholding of Promoter and Promoter Group2.1%25,10,150
Ebisu Global Opportunities Fund LimitedPublic Shareholding1.8%21,00,000
Ashish KacholiaPublic Shareholding1.6%18,90,933
Hitesh Natwarlal KawaPublic Shareholding1.3%15,18,512
Bengal Finance And Investment Pvt LtdPublic Shareholding1.2%14,00,000
Nova Global Opportunities Fund Pcc - TouchstonePublic Shareholding1.1%12,72,860
Trimaan Jaspalsingh ChandockShareholding of Promoter and Promoter Group0.9%10,75,900
Shivaputra G BelladShareholding of Promoter and Promoter Group0%0
Prashant Shivputra BelladShareholding of Promoter and Promoter Group0%0
Mimi AgarwallaPublic Shareholding0%655
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Jaspalsingh Prehladsingh Chandock8,75,0001.5%2026-06-30
Board of Directors
NameDesignationYear
Jaspalsingh Prehladsingh ChandockChairman / Executive Director / M D / Promoter2025
Trimaan Jaspalsingh ChandockWTD & Executive Director2025
Jaikaran ChandockWTD & Executive Director2025
Raghavendra Raj MehtaIndependent Non Exe. Director2025
Shalu BhandariIndependent Non Exe. Director2025
Roop Lal MeenaIndependent Non Exe. Director2025
Tabassum BegumCompany Sec. & Compli. Officer2025
Segments — Product
SegmentRevenueShare
Manufacturing of Steel Forging Prod₹0 Cr—
Segments — Geography
RegionRevenueShare
Export₹445 Cr74.3%
Domestic₹154 Cr25.7%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹10125111111
Corporate Actions
TypeDateValueRemark
forthcoming2026-09-18Dividend—
forthcoming2026-08-12Board Meetings—
dividend2025-09-19₹0.15 (1.5%)Final
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
202520041144
202500038038
2025100315
Insider / Designated-Person Trades

4 recent disclosure(s)

JAIKARAN JASPALSINGH CHANDOCKAcquisition · 15,00,000
TRIMAAN JASPALSINGH CHANDOCKAcquisition · 15,00,000
Jaspalsingh ChandockAcquisition · 10,000
Jaspalsingh ChandockAcquisition · 9,000
Substantial Acquisitions (SAST)

2 disclosure(s)

Market29/12/2025 · 9,000
Market26/12/2025 · 10,000
Company Information
Incorporated1989
ChairmanJaspalsingh Prehladsingh Chandock
AuditorM B Agrawal & Co
Investor Email[email protected]
🌐 www.baluindustries.com ↗

📍 Unit No F-30 First Floor, Raghuleela Mega Mall, Mumbai, Maharashtra, 400067

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