Debut Plus

₹448.55

▲ +2.14 +0.48%

18 Jul 2026

BSE Listed · Castings, Forgings & Fastners

Balu Forge Industries Limited (531112)

Volume: 16,917Avg Vol 1W: 24,389Avg Vol 1M: 37,73552W Range:₹341.05₹784
BSE www.baluindustries.com
Key Ratios
Checked 3h ago
Market Cap₹5,448 Cr
Current Price₹448.55
Previous Close₹446.41
High / Low (52w)₹784 / ₹341.05
Volume16,917
Avg Vol (1W)24,389
Avg Vol (1M)37,735
Stock P/E34.69
Book Value₹131.36
Dividend Yield0%
ROE16.24%
ROA13.99%
Revenue (TTM)—
Revenue Growth64.97%
Profit Margin23.38%
Total Debt₹16 Cr
Shares Outstanding12 Cr
Face Value₹10
EPS (TTM)₹6.35
P/B4.03
Debt / Equity0.06
50 DMA₹469
200 DMA₹520.78
Day change+0.48%
Price Chart
₹448.55▼ 33.99% · 1Y
₹684₹35610.4L
2025-07-17
2026-07-17

20-day avg volume: 38K shares

Pros
  • Healthy return on equity of 16.2%.
  • Company is almost debt-free.
  • Revenue grew 65% YoY.
  • Net profit is growing year over year.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹175 Cr₹223 Cr₹256 Cr₹270 Cr₹233 Cr₹300 Cr₹311 Cr₹264 Cr
EBITDA₹43 Cr₹67 Cr₹76 Cr₹78 Cr₹72 Cr₹84 Cr₹86 Cr₹80 Cr
Net Profit₹34 Cr₹48 Cr₹59 Cr₹63 Cr₹57 Cr₹65 Cr₹71 Cr₹66 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue₹0 Cr₹147 Cr₹295 Cr₹339 Cr₹570 Cr₹941 Cr
EBITDA₹0 Cr₹16 Cr₹45 Cr₹61 Cr₹127 Cr₹265 Cr
Net Profit₹0 Cr₹8 Cr₹30 Cr₹39 Cr₹93 Cr₹204 Cr
EPS1.161.643.614.679.7418.38
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 54.39% Institutions 6.91% Public 34.67%
Efficiency & Working Capital
ROCE31.2%
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 2026-03-31

Promoter54.4%
FII6%
DII0.9%
Institutions6.9%
Public34.7%
Promoter Pledge1.4%
No. of Shareholders79,711
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodSept 2024Dec 2024Mar 2025Apr 2025Apr 2025May 2025May 2025Jun 2025Sept 2025Dec 2025Feb 2026Mar 2026
Promoters54.7%54.7%55.3%55.8%55.8%54.9%54.9%54.9%54.4%54.9%53.2%54.4%
FIIs10.4%6.9%7.1%7%7%8.7%8.7%8.2%7.9%7.9%7.9%6%
DIIs0.9%1%1.1%1.1%1.1%0.8%0.8%0.9%0.8%0.8%0.9%0.9%
Public33.9%33.2%32.4%32.1%36.2%31.6%35.7%32%32.9%32.3%34.2%34.7%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%1.4%
No. of Shareholders50,95566,31073,28373,28373,28376,06976,06977,24370,09870,44578,31679,711
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503————
Major Shareholders (>1%)
NameCategoryStakeShares
Jaspalsingh Prehladsingh ChandockShareholding of Promoter and Promoter Group52.6%6.05 Cr
Enforcement Directorate RaipurPublic Shareholding4%46,24,001
Ebisu Global Opportunities Fund LimitedPublic Shareholding1.7%19,00,000
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
Sixteenth Street Asian Gems FundPublic Shareholding1.2%13,27,214
Nova Global Opportunities Fund Pcc - TouchstonePublic Shareholding1.1%12,72,860
Trimaan Jaspalsingh ChandockShareholding of Promoter and Promoter Group0.9%10,75,900
Jaikaran Jaspalsingh ChandockShareholding of Promoter and Promoter Group0.9%10,10,150
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 Chandock8,75,0001.5%2026-03-31
Trimaan Jaspalsingh Chandock00%2026-03-31
Jaikaran Jaspalsingh Chandock00%2026-03-31
Shivaputra G Bellad00%2026-03-31
Prashant Shivputra Bellad00%2026-03-31
Ebisu Global Opportunities Fund Limited00%2026-03-31
Sixteenth Street Asian Gems Fund00%2026-03-31
Nova Global Opportunities Fund Pcc - Touchstone00%2026-03-31
Enforcement Directorate Raipur00%2026-03-31
Ashish Kacholia00%2026-03-31
Hitesh Natwarlal Kawa00%2026-03-31
Bengal Finance And Investment Pvt Ltd00%2026-03-31
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
dividend2025-09-19₹0.15 (1.5%)Final
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
202520041144
202500038038
2025100315
Insider / Designated-Person Trades

18 recent disclosure(s)

Jaspalsingh ChandockAcquisition · 10,000
Jaspalsingh ChandockAcquisition · 9,000
TRIMAAN JASPALSINGH CHANDOCKDisposal · 15,00,000
JAIKARAN JASPALSINGH CHANDOCKDisposal · 15,00,000
JASPALSINGH PREHLADSINGH CHANDOCKAcquisition · 30,00,000
JAIKARAN JASPALSINGH CHANDOCKAcquisition · 13,25,000
Substantial Acquisitions (SAST)

17 disclosure(s)

Market29/12/2025 · 9,000
Market26/12/2025 · 10,000
Off Market / Inter se transfer27/06/2025 · 15,00,000
Off Market / Inter se transfer27/06/2025 · 30,00,000
Off Market / Inter se transfer27/06/2025 · 15,00,000
NULL07/06/2025 · 30,00,000
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

Technical AnalysisPremium

Technical analysis (Premium)

Log in to see RSI, MACD, moving averages, oscillators and pivot levels for this stock.

Log inSign up free

More stocks

AlankitNihar Info Global Ltd.United Credit Ltd.Centuple Global LimitedIshan Dyes & ChemicalsGothi Plascon (India) Ltd.Ceenik Exports (India) Ltd.Kati Patang Lifestyle LimitedMena Mani Industries LimitedInani Marbles & IndustrieGemstone Investments Ltd.EL Forge Ltd.All “53” stocks →

Prices are delayed/indicative; pros & cons are AI generated. Informational only — not investment advice. ← Back to search