Balu Forge Industries Limited
Balu Forge Industries Limited operates in Castings & Forgings, part of the Capital Goods sector. It booked ₹301 cr of revenue in its latest quarter (Q1 FY27) and kept 22.0% of sales as profit. It is the 4th largest of 9 Castings & Forgings companies we track, by market value.
“Forging the future Our mission and vision Our culture We aim to always under promise & over deliver in all our ventures.”
Healthier than 62% of companies in Capital Goods, on the 5 of 6 measures we could read for it. Each measure is ranked against the 20–127 companies that reported it.
Measures financial condition, not whether to buy. Learn what this score means · How this is calculated
- RSI (14)
- 54
At close. Not part of the score.
How much profit it earns on the money it employs
How much it owes, and whether earnings cover the interest
Whether reported profit actually arrives as cash
What today's price implies, against our models or its peers
How much of the promoters' stake is pledged, and how much they hold
Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.
What if I invest in BALUFORGE?
Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.
The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.
P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.
An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.
| Revenue from Operations | ₹301 cr |
| Other Income | ₹4 cr |
| Total Income | ₹305 cr |
| Cost of Materials | ₹148 cr |
| Purchases of Stock-in-Trade | ₹0 cr |
| Inventory Change (±) | ₹44 cr |
| Employee Benefit Expense | ₹11 cr |
| Finance Costs | ₹5 cr |
| Depreciation & Amortisation | ₹3 cr |
| Other Expenses | ₹13 cr |
| Total Expenses | ₹224 cr |
| Profit before Tax | ₹81 cr |
| Tax Expense | ₹15 cr |
| Net Profit | ₹66 cr |
| Net margin on total income | 21.7% |
| Metric | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|
| Revenue | 311 cr | 264 cr | 301 cr |
| Total income | 316 cr | 287 cr | 305 cr |
| Expenses | 235 cr | 212 cr | 224 cr |
| Profit before tax | 81 cr | 75 cr | 81 cr |
| Tax | 10 cr | 10 cr | 15 cr |
| Net profit (owners' share) | 71 cr | 66 cr | 66 cr |
| Net margin (owners' share, on revenue) | 22.9% | 24.9% | 22.0% |
| EPS (₹) | 6.41 | 6.35 | 5.49 |
| Company | Price | Market cap | P/E | ROE | Net margin | 1-yr return |
|---|---|---|---|---|---|---|
| PTC Industries Limited | ₹23,920 | ₹35,862 cr | 307.1 | 7.7% | 15.2% | — |
| AIA Engineering Limited | ₹3,390 | ₹31,633 cr | 31.7 | 11.8% | 22.4% | — |
| Happy Forgings Limited | ₹1,767 | ₹16,675 cr | 45.5 | 17.2% | 20.4% | — |
| Balu Forge Industries Limitedthis company | ₹487 | ₹5,908 cr | 22.2 | 16.6% | 22.0% | — |
| Steelcast Limited | ₹369 | ₹3,741 cr | 39.4 | 24.0% | 19.0% | — |
| Nelcast Limited | ₹164 | ₹1,427 cr | 22.0 | 10.6% | 4.0% | — |
| Synergy Green Industries Limited | ₹509 | ₹790 cr | — | -21.4% | -4.4% | — |
| Kalyani Forge Limited | ₹843 | ₹307 cr | 17.1 | 18.8% | 6.7% | — |
| Hilton Metal Forging Limited | ₹15 | ₹79 cr | 11.0 | 4.8% | 3.1% | — |
| Action | Detail | Ex-date |
|---|---|---|
| Dividend | ₹0.15 / share | 18 Sep 2026 |
| Dividend | ₹0.15 / share | 19 Sep 2025 |
| Dividend | ₹0.15 / share | 20 Sep 2024 |
| Dividend | ₹0.1 / share | 17 Nov 2021 |
A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.
Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.
Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.
Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.
When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.
As of Jun 2026, the company says it has spent 100% of what it set aside. Infomerics Valuation and Rating Pvt. Ltd. watches the spending on the exchange’s behalf.
As of Jun 2026, the company says it has spent 100% of what it set aside. Infomerics Valuation and Rating Pvt. Ltd. watches the spending on the exchange’s behalf.
Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing