Balu Forge Industries

₹511.95As of Sun 8 Nov 2026, 12:00 UTC

NSE:BALUFORGEIndustrials

Country India

PE (Fwd) 16.61

TSR 3Y CAGR 27.66%

Div yield 0.03%

ROE —

Metal Fabrication

Beta (5Y) 0.68

PE TTM 22.64

TSR TTM (20.77%)

Mkt cap ₹62.25B

ROIC —

SE Grade™

Value

Quality

Moat

—

1Y Price

Reference

₹589

15.08%

(59.50%)

Price above Reference Value

TTM

FYE 31 Mar INR

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026

FY2027E

Trend

5Y

10Y

Peers

11.07

Revenue₹B

—

—

—

—

—

2.861

3.266

5.599

9.236

11.07

13.06

40.27%

40.27%

30

19.89

Revenue growth%

—

—

—

—

—

—

14.18

71.40

64.97

19.89

17.89

42.43

—

67

35.91

Gross margin%

—

—

—

—

—

22.87

30.20

32.27

34.49

35.91

36.14

32.27

32.27

83

26.15

Operating margin%

—

—

—

—

—

12.58

16.14

20.91

26.82

26.15

26.26

20.91

20.91

97

23.38

Net margin%

—

—

—

—

—

10.43

11.91

16.70

22.07

23.38

23.43

16.70

16.70

97

22.64

P/E ratio (avg)x

—

—

—

—

—

—

—

—

33.77

24.29

19.17

29.03

—

71

20.24

EV/EBITx

—

—

—

—

—

—

—

—

27.79

21.71

17.10

24.75

—

70

—

FCF yield (avg)%

—

—

—

—

—

—

—

—

—

—

—

—

—

17

—

FCF margin%

—

—

—

—

—

—

—

—

—

—

—

—

—

10

—

FCF / Net incomex

—

—

—

—

—

—

—

—

—

—

—

—

—

24

—

ROIC%

—

—

—

—

—

—

—

—

—

—

—

—

—

83

—

Return on equity%

—

—

—

—

—

—

—

—

—

—

—

—

—

93

—

Return on assets%

—

—

—

—

—

—

—

—

—

—

—

—

—

93

22.61

EPS₹

—

—

—

—

—

3.96

4.67

9.72

18.22

22.61

26.71

54.56%

54.56%

—

24.09

EPS growth%

—

—

—

—

—

—

17.97

108.00

87.41

24.09

18.13

55.75

—

71

—

Bookvalue per sh₹

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

FCF per share₹

—

—

—

—

—

—

—

—

—

—

—

—

—

—

0.15

Dividend per sh₹

—

—

—

—

—

0.10

—

0.15

0.15

0.15

0.16

10.67%

10.67%

—

0.03

Div yield (avg)%

—

—

—

—

—

—

—

—

0.02

0.03

0.03

0.03

—

0

0.66

Payout ratio%

—

—

—

—

—

2.77

—

1.54

0.82

0.66

0.59

0.82

0.82

0

114.5

Shares (diluted)M

—

—

—

—

—

75.33

83.26

96.17

111.9

114.5

◌114.5

11.04%

11.04%

80

(2.34)

Buyback yield%

—

—

—

—

—

—

(10.53)

(15.51)

(16.34)

(2.34)

◌—

(13.02)

—

80

—

D/E ratiox

—

—

—

—

—

—

—

—

—

—

—

—

—

77

58.62

Enterprise value₹B

—

—

—

—

—

—

—

—

68.84

62.87

58.62

(8.67%)

—

47

—

LT debt₹M

—

—

—

—

—

—

—

—

—

—

—

—

—

27

Peers (US$646.1M)

Cap (US$)

PE

Aeroflex Industries…

681.5M

70.89x

Kirloskar Ferrous…

680.0M

17.71x

Shivalik Bimetal…

605.0M

49.26x

Shin Zu Shing Co., Ltd.

647.4M

75.51x

Capital

TTM

5Y

10Y

Leveragex

—

—

—

EBIT/Intx

26.70

13.60

13.60

Own earn%

—

—

—

Sh yield%

(2.31)

(13.02)

(13.02)

Owners

Insiders/Inst%

54.33

2.66

Short interest%

—

SBC / revenue%

—

Record

10Y

Profitable years

5/5

Revenue growth years

4/4

EPS growth years

4/4

Dividend streakyrs

0

Op margin range%

13–27

$1 testx

—

Incr. ROIC%

—

Balu Forge Industries Limited manufactures and sells crankshafts in India and internationally.

Growth vs revenue

Latest

Trend

4Y CAGR

Rel growth

Revenue

₹11.07B

40.27%

1.00×

Cost of revenue

₹7.097B

33.92%

0.83×

Operating expenses

₹1.081B

38.45%

0.95×

Revenue by region

No breakdown available

Reinvestment returns

n/m

Trend

Reinvestment rate

n/m

-

Return on capital

n/m

-

Spread over hurdle

n/m

-