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Balu Forge Industries Limited (BALUFORGE.NS)

INR450.80 +3.50 (+0.78%)
IN NSE Industrials Manufacturing - Metal Fabrication
Address Imperial Palace 400069
Mumbai, IN
CEO Jaspalsingh Prehladsingh Chandock
IPO 2024-04-29
ISIN INE011E01029

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Also trades on Bombay Stock Exchange · BALUFORGE.BO (INR) National Stock Exchange of India · BALUFORGE.NS (INR)
Description

Balu Forge Industries Limited, an enterprise based in Mumbai, India, is engaged in the manufacturing and global distribution of crankshafts, which it supplies directly to Original Equipment Manufacturers (OEMs). Beyond its core crankshaft business, the company provides a comprehensive suite of products, including railway wheels, undercarriages, transmission and clutch systems, chassis, hydraulic motors, brake components, hooks, towing accessories, turbine blades, parts for new-generation vehicles, various forged components, and solutions for the oil and gas and flow control sectors. Its wide-ranging clientele encompasses numerous industries such as agricultural machinery (tractors, harvesters), defense, oil and gas (specifically pump compressors), heavy-duty automotive (trucks, buses, trailers), power generation (industrial, backup, portable generators), industrial refrigeration, railway, aerospace, marine, locomotive, diverse recreational and two-wheeled vehicles (off-road/on-road motorcycles, carts, jet skis), racing, earth-moving equipment, and the rapidly growing e-mobility market.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR450.80 +3.50 (+0.78%)
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Volume Profile
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Liquidity & share structure
Average Volume
712.4K
Beta
0.50
Float Shares
36.81M
Free Float %
32.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-5.01% -10.43% -19.44% -6.92% -28.74% -25.27% -37.66% +64.08% +64.08% +64.08% +64.08%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
450.80
Quality scores
Altman Z-Score
14.35
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Manufacturing - Metal Fabrication: +10.4%
    +19.9% Q1'26: -2.3% (vs Q1'25)
  • EPS growth Manufacturing - Metal Fabrication: +16.7%
    +31.2% Q1'26: +15.7% (vs Q1'25)
  • FCF margin FCF growth · Manufacturing - Metal Fabrication: +40.8%
    -2.8% Q1'26: -57.1% (vs Q1'25)
  • EBIT margin Manufacturing - Metal Fabrication: +8.3%
    +26.2% Q1'26: +21.5% (vs Q1'25)
  • ROIC Manufacturing - Metal Fabrication: +6.2%
    +14.8% Q1'26: +11.9% (vs Q1'25)
  • Share dilution Manufacturing - Metal Fabrication: +0.0%
    -2.3% Q1'26: -9.3% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Manufacturing - Metal Fabrication: 0.46×
    0.51× Q1'26: 0.63× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.61) × ERP
WACC = 97% × Ke + 3% × Kd (10.8%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 450.80
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2024
actual
Mar 2025
actual
Mar 2026
1 Rev. Ana.
1 EPS Ana.
Mar 2027
1 Rev. Ana.
1 EPS Ana.
Mar 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
5.53B
est: 5.68B (-2.7%)
9.24B
est: 7.84B (+17.8%)
11.94B
11.94B – 11.94B
+52.3% YoY
16.31B
16.31B – 16.31B
+36.6% YoY
21.29B
21.29B – 21.29B
+30.5% YoY
EBITDA
1.25B
est: 1.13B (+9.9%)
2.68B
est: 1.56B (+71.4%)
2.38B
2.38B – 2.38B
+52.3% YoY
3.26B
3.26B – 3.26B
+36.6% YoY
4.25B
4.25B – 4.25B
+30.5% YoY
EBIT
1.23B
est: 1.11B (+10.7%)
2.65B
est: 1.53B (+73.4%)
2.33B
2.33B – 2.33B
+52.3% YoY
3.18B
3.18B – 3.18B
+36.6% YoY
4.15B
4.15B – 4.15B
+30.5% YoY
Net Income
936.73M
est: 995.99M (-5.9%)
2.04B
est: 1.31B (+56.2%)
2.52B
2.52B – 2.52B
+92.8% YoY
3.49B
3.49B – 3.49B
+38.8% YoY
4.55B
4.55B – 4.55B
+30.1% YoY
SGA
264.24M
est: 292.94M (-9.8%)
235.24M
est: 403.95M (-41.8%)
615.36M
615.36M – 615.36M
+52.3% YoY
840.57M
840.57M – 840.57M
+36.6% YoY
1.10B
1.10B – 1.10B
+30.5% YoY
EPS
9.80
est: 8.98 (+9.1%)
19.07
est: 11.77 (+62.0%)
22.69
22.69 – 22.69
+92.8% YoY
31.50
31.50 – 31.50
+38.8% YoY
40.98
40.98 – 40.98
+30.1% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-06-01 B+ 3/5 1/5 5/5 5/5 3/5 3/5 2/5
2026-05-29 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-27 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-26 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-25 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-22 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-21 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-20 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-19 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-18 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-15 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-14 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-13 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-12 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-11 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-08 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-07 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-06 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-05 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-05-04 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-04-30 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-04-29 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-28 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-27 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-24 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-23 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-22 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-21 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-20 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-17 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-16 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-401.98M
OE per share TTM
-3.75
Owner's Yield
-0.86%
Maintenance CapEx ratio
250.86%
Maint CapEx / Avg PPE
36.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
4.14M
Shares Outstanding
113.99M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Jaspalsingh Prehladsingh Chandock Chairman of the Board & MD 12M male
Jaikaran Jaspalsingh Chandock Marketing Director & Whole-Time Director 5M male
Trimaan Jaspalsingh Chandock Whole-Time Director 5M male
Amit Todkari Chief Financial Officer 2M male
Tabassum Begum Company Secretary & Compliance Officer 1M female
Sadik Patel Chief Operating Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits