Balu Forge

Who are in the management team of Balu Forge?

As of March 2022, the management team of Balu Forge includes Jaspalsingh Prehladsingh Chandock (Chairman & Managing Director), Trimaan Jaspalsingh Chandock and Jaikaran Chandock (Whole-time Directors), and independent directors Raghavendra Raj Mehta, Radhey Shyam Soni, and Shalu Bhandari. They oversee the company's operations and strategic direction.

As of March 2022, the management team of Balu Forge includes the following individuals:<BR><BR>1. Jaspalsingh Prehladsingh Chandock - Chairman & Managing Director<BR>2. Trimaan Jaspalsingh Chandock - Whole-time Director<BR>3. Raghavendra Raj Mehta - Independent Director<BR>4. Radhey Shyam Soni - Independent Director<BR>5. Shalu Bhandari - Independent Director<BR>6. Jaikaran Chandock - Whole-time Director<BR><BR>This team is responsible for overseeing the operations and strategic direction of the company.

Has Balu Forge declared dividend?

Balu Forge Industries Ltd has declared a 1% dividend, amounting to 0.1 per share, with an ex-date of September 20, 2024. While the company has shown significant long-term price appreciation, recent short-term performance has been negative, and the dividend yield is low at 0.01%.

Balu Forge Industries Ltd has declared a 1% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 1%<BR>- Amount per share: 0.1<BR>- Ex-date: 20 Sep 24<BR><BR>Dividend Yield: 0.01%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -14.09%, the dividend return was 0%, resulting in a total return of -14.09%.<BR><BR>Over the past year, the price return was 146.57%, the dividend return was 0.03%, leading to a total return of 146.6%.<BR><BR>In the 2-year period, the price return was 481.74%, the dividend return was 0.06%, which culminated in a total return of 481.8%.<BR><BR>For the 3-year period, the price return was 648.89%, the dividend return was 0.14%, resulting in a total return of 649.03%.<BR><BR>In the last 4 years, the price return was 189.42%, the dividend return was 0.09%, leading to a total return of 189.51%.<BR><BR>Over the past 5 years, the price return was 1818.78%, the dividend return was 0.49%, culminating in a total return of 1819.27%.<BR><BR>Overall, Balu Forge has declared a modest dividend, and while recent returns have shown significant growth over longer periods, the short-term performance has been negative. The dividend yield remains low, indicating that while the company is returning some value to shareholders, the primary returns have been driven by price appreciation.

Who are the peers of the Balu Forge?

Balu Forge's peers include AIA Engineering, Happy Forgings, Steelcast, Amic Forging, Nelcast, Synergy Green, Inv.& Prec.Cast., Magna Electrocas, and Nitin Castings. Balu Forge leads in growth and 1-year return at 155.79%, while AIA Engineering shows excellent management and capital structure.

Peers: The peers of Balu Forge are AIA Engineering, Happy Forgings, Steelcast, Amic Forging, Nelcast, Synergy Green, Inv.& Prec.Cast., Magna Electrocas, and Nitin Castings.<BR><BR>Quality Snapshot: Excellent management risk is observed at AIA Engineering, while Average management risk is found at Happy Forgings, Steelcast, Amic Forging, Nelcast, Synergy Green, Inv.& Prec.Cast., Magna Electrocas, and Nitin Castings. Growth is Excellent at Balu Forge, Good at Amic Forging and Nitin Castings, while Average growth is seen at Steelcast and Synergy Green, and Below Average growth is noted for AIA Engineering, Happy Forgings, Nelcast, and Inv.& Prec.Cast. Excellent capital structure is present at AIA Engineering, Happy Forgings, Steelcast, Magna Electrocas, and Balu Forge, while Good capital structure is found at Amic Forging, and Below Average capital structure is observed at Nelcast, Synergy Green, and Inv.& Prec.Cast.<BR><BR>Return Snapshot: Balu Forge has the highest 1-year return at 155.79%, while Happy Forgings has the lowest at -16.05%. Compared to its peers, Balu Forge's 1-year return significantly outperforms all others. Additionally, Nelcast and Magna Electrocas have negative six-month returns.

Is Balu Forge overvalued or undervalued?

As of March 28, 2024, Balu Forge is considered very expensive and overvalued with a PE Ratio of 36.28, an EV to EBITDA of 29.23, and a Price to Book Value of 7.02, despite a strong 1-year stock return of 163.32% compared to the Sensex's 7.65%.

As of 28 March 2024, Balu Forge's valuation grade has moved from expensive to very expensive, indicating a significant increase in perceived valuation. The company is currently considered overvalued. Key ratios include a PE Ratio of 36.28, an EV to EBITDA of 29.23, and a Price to Book Value of 7.02, all of which suggest a premium valuation compared to its peers.<BR><BR>In comparison to its industry peers, Balu Forge's PE Ratio is notably higher than Altius Telecom's 52.97 and Embassy Off.REIT's 23.06, both of which are in a more attractive valuation range. The company's recent stock performance has outpaced the Sensex, with a 1-year return of 163.32% compared to the Sensex's 7.65%, but this strong performance does not mitigate the overvaluation indicated by its current ratios.

What does Balu Forge do?

Balu Forge Industries Ltd, a mid-cap company in the Castings & Forgings industry, reported net sales of ₹2,696 Cr and a net profit of ₹627 Cr for the quarter ending March 2025. The company, incorporated in 1989 and renamed in 2020, has a market cap of ₹7,735 Cr and key metrics including a P/E ratio of 38.00 and a return on equity of 19.36%.

Overview: <BR>Balu Forge Industries Ltd operates in the Castings & Forgings industry and is categorized as a Mid Cap company.<BR><BR>History: <BR>Balu Forge Industries Ltd was incorporated in March 1989. The company underwent several name changes, first from Bell Agromachina Limited to Amaze Entertech Limited on November 16, 2016, and then to its current name on September 30, 2020. The latest quarterly results report net sales and profit for the period ending March 2025.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 2,696 Cr (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: 627 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: INR 7,735 Cr (Mid Cap)<BR><BR>Key Metrics: <BR>P/E: 38.00 <BR>Industry P/E: 32 <BR>Dividend Yield: 0.01% <BR>Debt-Equity: -0.05 <BR>Return on Equity: 19.36% <BR>Price to Book: 7.26 <BR><BR>Contact Details: <BR>Address: Unit No F-30 First Floor, Raghuleela Mega Mall Mumbai Maharashtra : 400067 <BR>Email: bellagro@rediffmail.com <BR>Website: http://www.baluindustries.com

Who are the top shareholders of the Balu Forge?

The top shareholders of Balu Forge include Jaspalsingh Prehladsingh Chandock, the largest individual shareholder with 50.39%, followed by 62 Foreign Institutional Investors holding 8.65%, and the Enforcement Directorate Raipur with 4.06%. Individual investors own 21.5% of the shares, with no pledged promoter holdings reported.

The top shareholders of Balu Forge include the promoters, with Jaspalsingh Prehladsingh Chandock being the largest individual shareholder, holding 50.39% of the company. Additionally, there are 62 Foreign Institutional Investors (FIIs) who collectively hold 8.65%. The highest public shareholder is the Enforcement Directorate Raipur, which holds 4.06%. Individual investors also have a significant stake, accounting for 21.5% of the shares. There are no pledged promoter holdings reported.

How big is Balu Forge?

As of 24th July, Balu Forge Industries Ltd has a market capitalization of 7,233.00 Cr, with recent net sales of 923.62 Cr and a net profit of 203.87 Cr. Shareholder's funds are 552.96 Cr, and total assets amount to 708.68 Cr as of March 2024.

As of 24th July, Balu Forge Industries Ltd has a market capitalization of 7,233.00 Cr, categorizing it as a Mid Cap company.<BR><BR>In the latest four quarters, Balu Forge reported Net Sales of 923.62 Cr and a Net Profit of 203.87 Cr.<BR><BR>The latest annual period for the balance sheet is March 2024, with Shareholder's Funds amounting to 552.96 Cr and Total Assets of 708.68 Cr.

When is the next results date for Balu Forge?

The next results date for Balu Forge is 07 August 2025.

The next results date for Balu Forge is scheduled for 07 August 2025.

How has been the historical performance of Balu Forge?

Balu Forge has shown significant growth from Mar'21 to Mar'25, with net sales increasing from 142.09 Cr to 923.62 Cr, and profit after tax rising from 7.62 Cr to 203.86 Cr. Key metrics such as operating profit and total assets also demonstrated substantial improvement during this period.

Answer:<BR>The historical performance of Balu Forge shows significant growth in various financial metrics over the years.<BR><BR>Breakdown:<BR>Balu Forge has demonstrated impressive growth in net sales, increasing from 142.09 Cr in Mar'21 to 923.62 Cr in Mar'25. This upward trend is reflected in total operating income, which rose from 326.64 Cr in Mar'23 to 923.62 Cr in Mar'25. The company's operating profit (PBDIT) also saw substantial growth, climbing from 17.49 Cr in Mar'21 to 268.25 Cr in Mar'25, with an operating profit margin that improved from 8.61% to 27.19% over the same period. Profit before tax surged from 9.74 Cr in Mar'21 to 253.94 Cr in Mar'25, leading to a profit after tax of 203.86 Cr in Mar'25, up from just 7.62 Cr in Mar'21. The company's total assets increased significantly from 170.76 Cr in Mar'21 to 1,250.50 Cr in Mar'25, while total liabilities also rose from 170.76 Cr to 1,250.50 Cr. Cash flow from operating activities improved markedly, showing a positive cash flow of 148 Cr in Mar'25 compared to a negative 31 Cr in Mar'24. Overall, Balu Forge's financial performance reflects a robust growth trajectory across key metrics.

Is Balu Forge technically bullish or bearish?

As of December 4, 2025, Balu Forge's trend is mildly bearish, indicated by bearish weekly and monthly MACD and KST signals, despite some bullish daily moving averages and mildly bullish OBV indicators.

As of 4 December 2025, the technical trend for Balu Forge has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by weekly MACD and KST indicators both showing bearish signals, while the monthly MACD and KST are mildly bearish. Bollinger Bands are bearish on both weekly and monthly time frames. Although daily moving averages indicate a mildly bullish trend, the overall sentiment remains bearish due to the prevailing indicators. The Dow Theory reflects a mildly bearish stance on the weekly chart, and both weekly and monthly OBV indicators are mildly bullish, suggesting some buying interest but not enough to offset the bearish signals.

Are Balu Forge Industries Ltd latest results good or bad?

Balu Forge Industries Ltd's latest results show strong revenue and profit growth, with a net profit of ₹71.09 crores, but concerns arise from rising interest costs and a declining operating margin, leading analysts to label the stock as "Very Expensive." Investors should weigh the impressive growth against these challenges.

Balu Forge Industries Ltd's latest results present a mixed picture. On the positive side, the company reported a net profit of ₹71.09 crores for Q3 FY26, which is a 20.47% increase year-on-year and a 9.30% rise from the previous quarter. Revenue also showed solid growth, reaching ₹311.11 crores, up 21.63% year-on-year and 3.87% quarter-on-quarter. This marks the highest quarterly sales in the company's history, indicating strong demand in the forgings sector.<BR><BR>However, there are notable concerns. The company's operating margin has faced some compression, dropping slightly from the previous quarter, and the PAT margin also decreased marginally year-on-year. Additionally, rising interest costs have become a significant issue, with interest expenses surging 139.38% year-on-year, which has affected the interest coverage ratio.<BR><BR>Market analysts have labeled the company's valuation as "Very Expensive," raising questions about the sustainability of its current price levels, especially given the emerging cost pressures and the overall cyclicality of the industry. <BR><BR>In summary, while Balu Forge has demonstrated impressive growth in revenue and profit, the rising costs and high valuation present challenges that investors should consider carefully.

Should I buy, sell or hold Balu Forge Industries Ltd?

Why is Balu Forge Industries Ltd falling/rising?

As of 23-May, Balu Forge Industries Ltd's stock price is at 475.90, down 1.5%, reflecting a trend reversal after three days of gains. The stock has significantly underperformed the market over the past year, with a decline of 25.40%, and faces challenges due to high valuation and reduced institutional investor confidence.

As of 23-May, Balu Forge Industries Ltd's stock price is falling, currently at 475.90, which reflects a decrease of 7.25 (-1.5%). The stock has underperformed the sector by 1.63% today and has experienced a trend reversal after three consecutive days of gains. It reached an intraday low of Rs 472.6, marking a decline of 2.18%.<BR><BR>Over the past week, the stock has shown a slight decrease of 0.14%, while the benchmark Sensex has gained 0.24%. In the last month, Balu Forge's stock has fallen by 0.56%, contrasting with the Sensex's decline of 3.95%. However, the year-to-date performance is concerning, with the stock down 21.27% compared to the Sensex's 11.51% drop. Over the past year, the stock has plummeted by 25.40%, significantly underperforming the market, which saw a negative return of only 0.36%.<BR><BR>The company's financial metrics indicate challenges as well. Despite a healthy growth in net sales and operating profit, the stock is considered very expensive with a Price to Book Value of 4.6, which is above its peers' average historical valuations. Additionally, institutional investors have reduced their stake by 1.74% in the previous quarter, indicating a lack of confidence from larger investors. This decline in institutional participation, combined with the stock's significant underperformance over the past year, contributes to the downward pressure on its price.

Which are the latest news on Balu Forge?