IPO Plus

₹440

▲ +15.41 +3.63%

27 Oct 2026

BSE Listed · Castings, Forgings & Fastners

Balu Forge Industries Limited (531112)

Volume: 46,407Avg Vol 1W: 37,584Avg Vol 1M: 30,60452W Range:₹341.35₹666.6
BSE www.baluindustries.com AI Report
Key Ratios
Checked just now
Market Cap₹5,341 Cr
Current Price₹440
Previous Close₹424.59
High / Low (52w)₹666.6 / ₹341.35
Volume46,407
Avg Vol (1W)37,584
Avg Vol (1M)30,604
Stock P/E19.94
Book Value₹131.35
Dividend Yield4%
ROE16.24%
ROA14.48%
Revenue (TTM)—
Revenue Growth64.97%
Profit Margin22.81%
Total Debt₹16 Cr
Shares Outstanding12 Cr
Face Value₹10
EPS (TTM)₹22.07
P/B3.35
Debt / Equity0.07
50 DMA₹522.3
200 DMA₹477.71
Day change+3.63%
Price Chart
₹440▼ 27.87% · 1Y
₹654₹35610.4L
2025-10-27
2026-10-27

20-day avg volume: 30K shares

Pros
  • Healthy return on equity of 16.2%.
  • Pays a dividend yield of 4.0%.
  • Company is almost debt-free.
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)
MetricMar 2025Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Mar 2026Jun 2026
Revenue₹158 Cr₹941 Cr₹150 Cr₹167 Cr₹171 Cr₹159 Cr₹1,140 Cr₹175 Cr
EBITDA₹54 Cr₹265 Cr₹49 Cr₹55 Cr₹53 Cr₹60 Cr₹323 Cr₹57 Cr
Net Profit₹39 Cr₹204 Cr₹34 Cr₹36 Cr₹39 Cr₹45 Cr₹259 Cr₹38 Cr
EPS—18.38————23.9—
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——————
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹19 Cr₹-60 Cr₹26 Cr₹-15 Cr₹183 Cr₹45 Cr
Investing₹-3 Cr₹-8 Cr₹-21 Cr₹-134 Cr₹-416 Cr₹-354 Cr
Financing₹-12 Cr₹69 Cr₹-6 Cr₹249 Cr₹273 Cr₹315 Cr
Free Cash Flow₹19 Cr₹-60 Cr₹26 Cr₹-15 Cr₹183 Cr₹-101 Cr
Shareholding
Promoter 53.99% Institutions 5.24% Public 40.77%
Efficiency & Working Capital
ROCE18.5%
Interest Coverage19.6
Dividend Payout—
Debtor Days140 d
Inventory Days48 d
Payable Days21 d
Cash Conversion Cycle167 d
Working Capital Days188 d
Shareholding Details

As of 2026-09-30

Promoter54%
FII5.1%
DII0.1%
Institutions5.2%
Public40.8%
Promoter Pledge2.9%
No. of Shareholders81,219
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodMar 2025Apr 2025Apr 2025May 2025May 2025Jun 2025Sept 2025Dec 2025Feb 2026Mar 2026Jun 2026Sept 2026
Promoters55.3%55.8%55.8%54.9%54.9%54.9%54.4%54.9%53.2%54.4%53.5%54%
FIIs7.1%7%7%8.7%8.7%8.2%7.9%7.9%7.9%6%5%5.1%
DIIs1.1%1.1%1.1%0.8%0.8%0.9%0.8%0.8%0.9%0.9%0.9%0.1%
Public36.6%32.1%36.2%31.6%35.7%36.1%36.9%36.4%38.1%38.7%40.5%40.8%
Promoter Pledge0%0%0%0%0%0%0%0%0%1.4%1.4%2.9%
No. of Shareholders73,28373,28373,28376,06976,06977,24370,09870,44578,31679,71183,99781,219
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Jaspalsingh Prehladsingh ChandockShareholding of Promoter and Promoter Group49.8%6.05 Cr
Enforcement Directorate RaipurPublic Shareholding3.8%46,24,001
Trimaan Jaspalsingh ChandockShareholding of Promoter and Promoter Group2.1%25,75,900
Jaikaran Jaspalsingh ChandockShareholding of Promoter and Promoter Group2.1%25,10,150
Ebisu Global Opportunities Fund LimitedPublic Shareholding1.7%21,00,000
Ashish KacholiaPublic Shareholding1.6%18,90,933
Bengal Finance And Investment Pvt LtdPublic Shareholding1.2%14,00,000
Nova Global Opportunities Fund Pcc - TouchstonePublic Shareholding1.1%13,30,160
Hitesh Natwarlal KawaPublic Shareholding1.1%12,98,512
Shivaputra G BelladShareholding of Promoter and Promoter Group0%0
Prashant Shivputra BelladShareholding of Promoter and Promoter Group0%0
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Jaspalsingh Prehladsingh Chandock18,75,0003.1%2026-09-30
Board of Directors
NameDesignationYear
Jaspalsingh Prehladsingh ChandockChairman / Executive Director / M D / Promoter2026
Trimaan Jaspalsingh ChandockWTD & Executive Director2026
Jaikaran ChandockWTD & Executive Director2026
Apurve V MehraIndependent Non Exe. Director2026
Shalu BhandariIndependent Non Exe. Director2026
Roop Lal MeenaIndependent Non Exe. Director2026
Segments — Product
SegmentRevenueShare
Manufacturing of Steel Forging Prod₹0 Cr—
Segments — Geography
RegionRevenueShare
Export₹358 Cr55.2%
Domestic₹290 Cr44.8%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹10125121121
Corporate Actions
TypeDateValueRemark
forthcoming2026-09-18Dividend—
dividend2026-09-18₹0.15 (1.5%)Final
forthcoming2026-08-12Board Meetings—
dividend2025-09-19₹0.15 (1.5%)Final
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
20265400551110
2026230048070
202631007139
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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