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Balu Forge Industries Ltd Share Price

Live price, chart and which mutual funds hold this stock

TopFund Score: 62/100 · Average See breakdown ↓
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as of —

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Change

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Day Open

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Day High

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Day Low

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NSE Close — 25 Sep 2026

₹506.8

Change

+8.7 (1.75%)

Open

₹495.6

Prev. Close

₹498.1

Day High

₹518.5

Day Low

₹494.0

Volume Analysis

Traded

621,775

Delivered

219,714

Delivery %

35.34%

End-of-day NSE price via the official Bhavcopy — updated once daily after market close, not a live tick.

Strengths, Weaknesses, Opportunities & Threats

Strengths (1)

  • •Strong operating margin (27.0%)

Weaknesses (1)

  • •Promoter holding is falling

Opportunities (2)

  • •Strong 3-year EPS growth (65.9%)
  • •Strong 3-year revenue growth (50.2%)

Threats (1)

  • •FII holding has been falling

Rule-based signals from the fundamentals below — not investment advice.

Pivot Levels

Type R3 R2 R1 Pivot S1 S2 S3
Classic ₹543.36 ₹530.93 ₹518.86 ₹506.43 ₹494.36 ₹481.93 ₹469.86
Fibonacci ₹530.93 ₹521.57 ₹515.79 ₹506.43 ₹497.07 ₹491.29 ₹481.93
Camarilla ₹513.54 ₹511.29 ₹509.05 ₹506.43 ₹504.55 ₹502.31 ₹500.06

Support/resistance levels for today, calculated from the previous trading day's high/low/close.

Absolute Returns

YTD

-15.55%

1 Week

-2.28%

1 Month

-20.66%

3 Months

+8.62%

6 Months

+19.36%

1 Year

-20.23%

2Y/3Y/5Y not shown yet — price history tracking only goes back to mid-2025 so far.

Stock Vitals

Computed from the latest available annual financials.

Graham Number

₹250.74

Current price is above the Graham Number — Benjamin Graham's estimate of fair value based on earnings and book value.

DuPont ROE Breakdown

15.88%

Net margin 22.81% × asset turnover 0.6x × equity multiplier 1.16x

Company Overview

Sector

Capital Goods

Market Cap

₹6,182 Cr

P/E (TTM)

23.1

ROE

19.6%

Book Value

₹131.0

Face Value

₹10.0

Source: Screener.in (Consolidated figures) — data as of 25 Sep 2026. Not investment advice.

TopFund Analysis

Balu Forge Industries Ltd lands in the middle of the pack on TopFund's composite fundamentals check within the Capital Goods sector, at 62/100. The strongest factor is Financial Strength (100/100), while Cash Flow (3/100) is the weakest area to weigh before deciding. Notably: Strong operating margin (27.0%); promoter holding is falling. FII holding has been falling.

TopFund Score — Fundamentals Quality

62/100 — Average

Data confidence: 79/100 (Moderate Confidence) — based on how complete and how fresh the underlying data is.

As of 27 Sep 2026 · How we calculate this →

Financial Strength

100

Growth

100

Valuation

50

Cash Flow

3

Corporate Governance

45

Momentum

50

Institutional Ownership

15

Business Quality

93

Risk & Volatility

24

Liquidity

65

From Screener.in

  • +Company has delivered good profit growth of 102% CAGR over last 5 years
  • −Promoter holding has decreased over last quarter: -0.88%

Not investment advice — an automated read of public fundamentals data, for research context only.

Corporate Actions

Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Sep 08 Sep
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 08 Sep

Intimation of schedule of Analyst / Institutional Investor Meeting pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, to be held on Friday, September 11, …

Dispatch Of Letter To Shareholders Providing Web-Link To Annual Report 07 Sep

Annual Report 2025-26 and 37th AGM notice web links shared with shareholders.

Business Responsibility and Sustainability Reporting (BRSR) 07 Sep

Balu Forge submitted FY2025-26 BRSR under SEBI Regulation 34(2)(f).

Reg. 34 (1) Annual Report. 7 Sep 07 Sep

Source: BSE regulatory filings, via Screener.in.

Quarterly Results

Last several quarters

  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 % 19.0% 22.0% 22.0% 21.0% 25.0% 29.0% 26.0% 28.0% 31.0% 28.0% 27.0% 23.0% 28.0%
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 % 13.0% 22.0% 16.0% 18.0% 18.0% 25.0% 20.0% 15.0% 19.0% 19.0% 12.0% 13.0% 18.0%
Net Profit + 17 23 25 28 34 48 59 63 57 65 71 66 66
EPS in Rs 2 2 2 3 3 4 5 6 5 6 6 5 5
Raw PDF — — — — — — — — — — — — —

Source: Screener.in — figures in ₹ Crores unless marked %.

Profit & Loss (Yearly)

  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 % 9.0% 13.0% 15.0% 21.0% 27.0% 27.0% 27.0%
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 % 22.0% 24.0% 23.0% 18.0% 20.0% 15.0% —
Net Profit + 8 30 39 93 204 259 268
EPS in Rs 1 4 5 9 19 21 23
Dividend Payout % 0.0% 3.0% 0.0% 2.0% 1.0% 1.0% —

Source: Screener.in — figures in ₹ Crores unless marked %.

Balance Sheet

  Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Reserves 9 76 114 450 942 1,473
Borrowings + 26 47 52 49 40 152
Other Liabilities + 68 78 121 111 159 104
Total Liabilities 171 284 371 712 1,252 1,851
Fixed Assets + 42 42 48 57 183 547
CWIP 0 7 7 130 417 277
Investments 0 0 0 0 0 0
Other Assets + 129 235 316 525 652 1,027
Total Assets 171 284 371 712 1,252 1,851
Equity Capital 69 82 83 103 111 121

Source: Screener.in — figures in ₹ Crores unless marked %.

Cash Flow

  Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Cash from Operating Activity + 17 -58 26 -32 148 32
Cash from Investing Activity + -3 -8 -21 -134 -416 -354
Cash from Financing Activity + -12 69 -6 249 273 315
Net Cash Flow 2 4 -1 83 5 -7
CFO/OP 159 -161 52 -12 73 15
Free Cash Flow 14 -65 5 -166 -268 -322

Source: Screener.in — figures in ₹ Crores unless marked %.

Shareholding Pattern

Quarter-by-quarter — Promoters, FII, DII & public holding trend

Promoter holding: 57.47% → 53.51%
  Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Public 34.05% 33.21% 32.34% 33.99% 33.93% 33.16% 32.43% 32.03% 31.93% 32.34% 34.68% 36.64%
Promoters 57.47% 56.07% 56.07% 56.07% 54.71% 54.71% 55.25% 54.85% 54.85% 54.87% 54.39% 53.51%
Government 0.0% 0.0% 0.0% 0.0% 0.0% 4.23% 4.17% 4.06% 4.06% 4.06% 4.02% 3.86%
FII 6.48% 8.77% 9.71% 8.51% 10.43% 6.93% 7.07% 8.2% 8.33% 7.94% 6.03% 5.04%
DII 2.0% 1.95% 1.88% 1.43% 0.93% 0.97% 1.07% 0.86% 0.83% 0.8% 0.89% 0.95%

Source: Screener.in — quarterly shareholding disclosures.

Peers Comparison

Capital Goods — ranked by market cap

Company Market Cap (Cr) P/E P/B ROE
Balu Forge Industries Ltd (this stock) 6,182 23.1 3.89 19.6%
Skipper Limited 6,225 26.8 4.17 16.6%
Lohia Corp Limited 6,283 25.3 — 44.6%
Transrail Lighting Ltd 6,300 15.1 2.76 20.0%
Spectrum Electric Ind Ltd 6,013 116.0 22.56 20.4%
Vikram Solar Limited 5,809 16.1 1.83 21.4%
Praj Industries Ltd 5,807 115.0 4.44 1.48%

Which Mutual Funds Hold Balu Forge Industries Ltd?

Frequently Asked Questions about Balu Forge Industries Ltd

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