BALUFORGE
Balu Forge Industries Limited (BALUFORGE) Stock Analysis
Balu Forge Industries Limited is an Indian manufacturer of forged components for automotive and industrial applications. It supplies crankshafts and precision forgings to OEMs and exporters. The company benefits from vehicle and machinery demand. It is a listed auto ancillary stock.
Industrials › Metal Fabrication
₹476.40
-2.66% 1W | -22.40% 52W
Market Cap
5.8k CR
P/E Ratio
19.8
52W High
₹667
52W Low
₹341.1
Div. Yield
0.03%
Beta
0.7
50 DMA
₹524.9
200 DMA
₹476.6
Profit Margin
22.8%
Inst. Own.
1.5%
⚠️ BREAKDOWN
⚠️ BREAKDOWN
Fundamentals
Profit & Loss
| Metric | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 112 | 139 | 147 | 161 | 175 | 223 | 256 | 270 | 233 | 300 | 311 | 264 | 301 |
| Expenses | 90 | 109 | 114 | 127 | 132 | 158 | 188 | 195 | 161 | 217 | 227 | 204 | 216 |
| Operating Profit | 22 | 30 | 33 | 34 | 43 | 65 | 68 | 75 | 72 | 83 | 85 | 60 | 85 |
| OPM % | 19% | 22% | 22% | 21% | 25% | 29% | 26% | 28% | 31% | 28% | 27% | 23% | 28% |
| Other Income | 0 | 4 | 2 | 4 | 1 | 2 | 10 | 4 | 2 | 3 | 4 | 23 | 4 |
| Interest | 2 | 4 | 4 | 4 | 2 | 3 | 2 | 4 | 2 | 4 | 5 | 5 | 5 |
| Depreciation | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 3 | 3 | 3 |
| Profit before tax | 19 | 30 | 30 | 35 | 42 | 64 | 74 | 74 | 70 | 80 | 81 | 75 | 81 |
| Tax % | 13% | 22% | 16% | 18% | 18% | 25% | 20% | 15% | 19% | 19% | 12% | 13% | 18% |
| Net Profit | 17 | 23 | 25 | 28 | 34 | 48 | 59 | 63 | 57 | 65 | 71 | 66 | 66 |
| EPS in Rs | 2.00 | 2.32 | 2.46 | 2.76 | 3.33 | 4.39 | 5.39 | 5.73 | 5.00 | 5.71 | 6.18 | 5.42 | 5.44 |
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|
| Sales | 142 | 286 | 327 | 560 | 924 | 1,107 | 1,175 |
| Expenses | 130 | 249 | 277 | 441 | 673 | 808 | 863 |
| Operating Profit | 12 | 37 | 50 | 119 | 251 | 300 | 312 |
| OPM % | 9% | 13% | 15% | 21% | 27% | 27% | 27% |
| Other Income | 5 | 8 | 13 | 10 | 17 | 33 | 35 |
| Interest | 7 | 5 | 11 | 14 | 11 | 16 | 19 |
| Depreciation | 1 | 1 | 1 | 2 | 3 | 10 | 12 |
| Profit before tax | 10 | 39 | 51 | 114 | 254 | 306 | 317 |
| Tax % | 22% | 24% | 23% | 18% | 20% | 15% | |
| Net Profit | 8 | 30 | 39 | 93 | 204 | 259 | 268 |
| EPS in Rs | 1.11 | 3.63 | 4.67 | 9.11 | 18.63 | 21.33 | 22.75 |
| Dividend Payout % | 0% | 3% | 0% | 2% | 1% | 1% |
Growth — CAGR
| Metric | 3Y | 5Y | 10Y |
|---|---|---|---|
| Revenue CAGR | 50.0% | 51.0% | – |
| Profit CAGR | 88.0% | 102.0% | – |
Shareholding Pattern
Promoters54.85%
FIIs8.20%
DIIs0.86%
Public32.03%
Promoters54.85%
FIIs8.33%
DIIs0.83%
Public31.93%
Promoters54.87%
FIIs7.94%
DIIs0.80%
Public32.34%
Promoters54.39%
FIIs6.03%
DIIs0.89%
Public34.68%
Promoters53.51%
FIIs5.04%
DIIs0.95%
Public36.64%
Promoters65.41%
FIIs7.67%
Public26.92%
Promoters56.07%
FIIs9.71%
DIIs1.88%
Public32.34%
Promoters55.25%
FIIs7.07%
DIIs1.07%
Public32.43%
Promoters54.39%
FIIs6.03%
DIIs0.89%
Public34.68%
Promoters53.51%
FIIs5.04%
DIIs0.95%
Public36.64%
BALUFORGE
Holdings Analysis
Key strengths & risk signals
69
Overall
85
Fundamental
53
Technical
Risks (4)
NEGLIGIBLE DIVIDEND! 0.03% yield - little to no income.
POOR YEAR! Stock declined 22.4% in the last year.
WEAK POSITION! Current price (476.4) is below both moving averages.
WEAK MOMENTUM! Limited price growth - -2.7% (1 week), -4.4% (1 month), 6.1% (3 months).
Strengths (4)
UNDERVALUED! PEG of 0.22 indicates stock is cheap relative to growth.
BULLISH TREND! 50-day average (524.9) is above 200-day average (476.6) - positive signal.
LOW VOLATILITY! Beta of 0.70 - stable stock, less market risk.
NEUTRAL! RSI at 41.3 - balanced momentum.
Fundamental & Technical Analysis
69Overall
85Fundamental
53Technical
Fundamental Breakdown
Growth Quality
30/30
Revenue CAGR: 49.6% (EXCELLENT, 15/15). Profit CAGR: 88.1% (EXCELLENT, 15/15).
Profit Margin
8/10
EXCELLENT EFFICIENCY! 22.8% profit margin - company keeps strong profits.
PEG Valuation
10/10
UNDERVALUED! PEG of 0.22 indicates stock is cheap relative to growth.
Dividend Yield
3/10
NEGLIGIBLE DIVIDEND! 0.03% yield - little to no income.
Debt to Equity
10/10
VERY LOW DEBT! D/E of 0.00 - excellent financial health.
Public Holding
14/20
MODERATE PUBLIC HOLDING! 29.05% public ownership - balanced ownership structure.
Stability Index
10/10
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
Technical Breakdown
Moving Averages
12/10
BULLISH TREND! 50-day average (524.9) is above 200-day average (476.6) - positive signal.
Price Position
2/10
WEAK POSITION! Current price (476.4) is below both moving averages.
Trend Pattern
10/20
BREAKDOWN! Stock has broken below support levels - weakness present.
52W Performance
1/10
POOR YEAR! Stock declined 22.4% in the last year.
Volume Sentiment
15/30
BEARISH SENTIMENT! In last 30 days: 9 up days, 21 down days. Avg volume on up days: 780,861 vs down days: 855,317. Ratio: 0.91x
RSI
3/5
NEUTRAL! RSI at 41.3 - balanced momentum.
52W Range
3/5
MID RANGE! Trading at 41.5% of 52W range - neutral zone.
Momentum
2/5
WEAK MOMENTUM! Limited price growth - -2.7% (1 week), -4.4% (1 month), 6.1% (3 months).
Beta
5/5
LOW VOLATILITY! Beta of 0.70 - stable stock, less market risk.
Peer Comparison
Industrials · Metal Fabrication · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BALUFORGE | ₹476.40 | 19.8 | 22.8% | 49.6% | 88.1% | -22.4% | 69 | BREAKDOWN | +16.0% | +0.6% | +28.9% | +14.1% |
| SBCL | ₹1,029.10 | 55.9 | 17.2% | 6.7% | 6.6% | +128.3% | 60 | BREAKDOWN | +44.7% | +26.9% | +33.4% | +12.1% |
| AEROFLEX | ₹510.90 | 99 | 13.4% | 17.2% | 22.6% | +234.4% | 71 | BREAKDOWN | +161.1% | +6.8% | +72.5% | +15.6% |
| KIRLFER | ₹450.10 | 21.6 | 5.1% | 4.6% | 5.1% | -0.1% | 50 | BREAKDOWN | -65.4% | -33.1% | +4.3% | -2.5% |
| RHIM | ₹368.70 | – | -8.7% | 13.9% | – | -17.9% | 60 | BREAKOUT | +83.0% | -112.5% | +5.6% | +8.8% |
| GRAVITA | ₹1,480.60 | 27.5 | 8.3% | 14.9% | 23.5% | -5.4% | 68 | HIT RESISTANCE | +14.0% | +15.8% | +41.9% | +25.8% |
| RKFORGE | ₹678.10 | 116.5 | 2.4% | 10.5% | -33.9% | +26.5% | 58 | BOUNCE FROM SUPPORT | +297.5% | -16.1% | +19.8% | 0.0% |
| HAPPYFORGE | ₹1,873.20 | 54.1 | 19.9% | 9.8% | 13.1% | +111.7% | 70 | BREAKDOWN | +39.3% | +9.4% | +27.0% | +6.0% |
Data from TradeAlone · Updated daily
BALUFORGE News
Balu Forge Industries Limited (NSE: BALUFORGE) breaks out, gains 5% intraday2026-08-17Balu Forge Industries Limited (NSE: BALUFORGE) clears resistance, moves up 10% intraday2026-08-14Balu Forge Industries Limited (BALUFORGE) breaks out, gains 5% intraday2026-08-14Balu Forge Industries Limited (BALUFORGE) breaks out, gains 5% intraday2026-06-23Balu Forge Industries Limited (baluforge) Secures Major Order for 152mm Artillery Shells; Accelerates Forward Integration in Defence Sector2026-06-01Balu Forge Industries Limited (baluforge) Announces CFO Transition to Strategic Leadership Role2026-05-26
