Balu Forge Industries Ltd (BALUFORGE) — shareholding pattern, promoter holding, financials and share price
About Balu Forge Industries Ltd (BALUFORGE)
Balu Forge Industries Ltd operates in the Castings & Forgings industry, within the Capital Goods sector. It trades on the NSE as BALUFORGE and on the BSE under scrip code 531112. Its ISIN is INE011E01029.
Balu Forge Industries Ltd is engaged in the manufacturing of fully finished and semi-finished forged crankshafts and Forged Components. It has the capability to manufacture components conforming to the New Emission Regulations & the New Energy Vehicles [1]
Balu Forge Industries Limited specializes in engineering solutions and precision machined components for various sectors, including automotive and aerospace. Its operations span over 80 countries with a dominant export market share.
The company reported robust financial performance in Q3FY25, with revenue growth of 73.91% year-over-year, primarily driven by demand for specialized engineering products.
Listed peers in Castings & Forgings: Steelcast Ltd, Amic Forging Ltd, Nelcast Ltd, Synergy Green Industries Ltd, Investment & Precision Castings Ltd, Neetu Yoshi Ltd.
Valuation & Returns
10 Jul 2026At ₹465.2 a share on 10 Jul 2026, Balu Forge Industries Ltd (BALUFORGE) was valued at a price-to-earnings ratio of 21.5x against an industry P/E of 37x and a price-to-book of 5.29x on a book value of ₹88 per share as of Mar 2025. Solomo computes return on equity of 24.58% and return on capital employed of 29.51% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 21.5x
- Industry P/E
- 37x
- P/B
- 5.29x
- EPS (TTM)
- ₹21.63
- Book value / share
- ₹88
- ROE
- 24.58%
- ROCE
- 29.51%
- ROA
- 20.68%
- Debt / equity
- 0.04x
- Dividend yield
- 0.03%
- EBITDA margin
- 30.02%
- 52-week range
- ₹341.35 – ₹705
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Balu Forge Industries Ltd (BALUFORGE) reported revenue of ₹1,107 crore, net profit of ₹259 crore and earnings per share of ₹21.33. That compares with revenue of ₹924 crore and net profit of ₹204 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹264 crore and net profit ₹66 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 286 | 327 | 560 | 924 | 1,107 |
| Net profit (₹ cr) | 30 | 39 | 93 | 204 | 259 |
| EPS (₹) | 3.63 | 4.67 | 9.11 | 18.63 | 21.33 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 187.10% | 393.92% | 28.05% | 64.97% |
| Profit growth | - | 405.67% | 63.99% | 118.06% |
| Stock price CAGR | 27% | 12% | 33% | -35% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 53.51% of Balu Forge Industries Ltd (BALUFORGE) (down 0.88 pp QoQ), foreign institutional investors (FII) hold 5.04% and domestic institutional investors (DII) hold 0.95%. Promoters have pledged 1.4% of their holding. Market capitalisation was ₹5,568 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2001.
Largest disclosed public shareholders in Jun 2026: ENFORCEMENT DIRECTORATE RAIPUR 3.86%, EBISU GLOBAL OPPORTUNITIES FUND LIMITED 1.75%, ASHISH KACHOLIA 1.58%, HITESH NATWARLAL KAWA 1.27%, BENGAL FINANCE AND INVESTMENT PVT LTD 1.17%, NOVA GLOBAL OPPORTUNITIES FUND PCC - TOUCHSTONE 1.06%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 53.51% | 1.4% | 5.04% | 0.95% | 46.49% |
| Mar 2026 | 54.39% | 1.4% | 6.02% | 0.89% | 45.61% |
| Dec 2025 | 54.87% | - | 7.94% | 0.8% | 45.13% |
| Sep 2025 | 54.37% | - | 7.92% | 0.79% | 45.63% |
| Jun 2025 | 54.85% | - | 8.2% | 0.86% | 45.15% |
| Mar 2025 | 55.25% | - | 7.07% | 1.07% | 44.75% |
| Dec 2024 | 54.71% | - | 6.93% | 0.97% | 45.29% |
| Sep 2024 | 54.71% | - | 10.43% | 0.93% | 45.29% |