Balu Forge Industries share price
NSE: BALUFORGEBSE: 531112Industrial ProductsSmall Cap
Balu Forge Industries Limited · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Sep 1995 on BSE, Apr 2024 on NSE
Last close ₹442.45down ₹10.40 (2.30%)BSE ₹442.30
Share price at the NSE close on 30 Oct 2026. Previous close ₹452.85.
30 Oct: open ₹456.45, high ₹456.45, low ₹437.50
52-week range of traded prices to 30 Oct 2026
₹341.05Low, 29 Jan 2026₹667.00High, 16 Dec 2025
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹5,371 Cr752nd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 20.04
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- Shares changed
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.03%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 20.2%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 17.5%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.08
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 3,48,33251.3% delivered
Results
Standalone, as consolidated accounts are on record for only 5 of the last ten years; ₹ crore.Balu Forge Industries quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +19.7%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +18.1%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹175 Crup 9.86%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹38 Crdown 16.11%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 21.6%
Revenue by quarter
Peak revenue ₹175 Cr, quarter to Jun 2026; lowest ₹150 Cr, quarter to Jun 2025
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 157 | 161 | 157 | 150 | 167 | 171 | 159 | 175 |
| Net profit | 32 | 40 | 38 | 34 | 36 | 39 | 45 | 38 |
| Net margin | 20.3% | 24.8% | 24.4% | 22.7% | 21.3% | 22.5% | 28.3% | 21.6% |
Standalone. The last eight quarters. The latest is shaded.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹647 Crup 8.18%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹153 Crup 14.14%
- Net margin
- 23.7%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2021, the company's revenue for that year, ₹142 Cr, differs from its quarters added, ₹86 Cr.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 142 | 285 | 269 | 388 | 598 | 647 |
| Net profit | 0 | 0 | 0 | 0 | 8 | 30 | 32 | 67 | 134 | 153 |
| Net margin | 29.2% | 33.0% | 104.0% | 19.9% | 5.4% | 10.7% | 11.9% | 17.3% | 22.4% | 23.7% |
Standalone. Years to March. The latest is shaded.
Business segments
In the year to Mar 2026 the company reports one business segment, Industrial Machinery, which carries all its revenue.
Valuation
Today, against the company's own history. Not shown, P/B: the share count changed after the latest balance sheet (a rights issue, a buyback, an allotment or a listing), which does not yet hold the money it brought or returned. Its history crosses a change of basis in the accounts in the year to Mar 2021: days before it are of the company before the change.Balu Forge Industries PE ratio and valuation
Price to earnings
At or below today's level on 14% of 1,165 trading days over the last 5 years.
LowestHighest
Its median31.32Industry median25.21
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 98% of 1,797 trading days over the last 10 years.
LowestHighest
Its median0.00%Industry median0.50%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −39.6% | +9.9% | −45.1% | 0.0% |
| 3 years | +63.9% | +51.6% | +8.1% | 0.0% |
| 5 years | +13.0% | +64.4% | −31.3% | 0.0% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1 and 5 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.
Mutual fund holdings
7 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 6 of the 6 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.
- AddedAdded. Funds that held more shares than at the end of the month before.
- 5
- CutCut. Funds that held fewer shares than at the end of the month before.
- 1
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 1
| Fund | |||
|---|---|---|---|
 Motilal Oswal Nifty Microcap 250 Index FundMotilal Oswal Mutual Fund | 1,28,881 | 0.27% | ₹6.40 Cr |
 Groww Nifty Total Market Index FundGroww Mutual Fund | 842 | 0.01% | ₹0.04 Cr |
 Angel One Nifty Total Market Index FundAngel One Mutual Fund | 140 | 0.01% | ₹69,490 |
| Motilal Oswal BSE 1000 Index FundMotilal Oswal Mutual Fund | 139 | 0.01% | ₹69,000 |
 Mirae Asset Nifty Total Market Index FundMirae Asset Mutual Fund | 116 | 0.01% | ₹58,000 |
 Bandhan Nifty Total Market Index FundBandhan Mutual Fund | 100 | 0.01% | ₹50,000 |
| Angel One Nifty Total Market ETFAngel One Mutual Fund | 98 | 0.01% | ₹48,640 |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Promoter and insider buying and selling
Trades made since 31 Oct 2025.Balu Forge Industries insider trading
Bought on the marketBought on the market. The value each filer stated for its purchases on the exchange, added up; gifts, transfers and pledges are not counted. A purchase filed with no value is counted under the sum, not in it. Sold on the marketSold on the market. The value each filer stated for its sales on the exchange, added up; gifts, transfers and pledges are not counted. A sale filed with no value is counted under the sum, not in it.
- Promoters and promoter group2 purchases, 0 sales₹1.15 CrNo saleNetNet. The value bought on the market less the value sold, over the trades whose filers stated a value.₹1.15 Cr2 off-market moves
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.
Balu Forge Industries competitors and peers
Castings & Forgings, 30 listed companies, priced on 30 Oct 2026. The table lists the 8 companies closest to Balu Forge Industries in market cap.Capital goods stocks
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 PTC IndustriesPTCIL | 37,946 | 302.13 | – | +94.6% | +105.0% | 8.7% | 7.3% | 0.00% |
 AIA EngineeringAIAENG | 33,557 | 26.50 | 4.18 | +5.6% | +14.5% | 16.9% | 14.2% | 0.45% |
 Happy ForgingsHAPPYFORGE | 16,503 | 50.41 | 7.75 | +15.5% | +21.6% | 16.5% | 16.9% | 0.23% |
 SteelcastSTEELCAS | 3,522 | 38.84 | 8.92 | +8.9% | +14.6% | 25.2% | 26.8% | 0.52% |
 Amic ForgingAMIC | 2,367 | 83.82 | – | +16.9% | −20.6% | 16.8% | – | 0.00% |
 Investment & Precision CastingsINVPRECQ | 1,360 | 93.31 | 13.26 | +16.6% | +144.0% | 15.0% | 15.4% | 0.07% |
 NelcastNELCAST | 1,153 | 28.07 | 1.93 | +4.2% | −1.9% | 7.1% | 8.2% | 0.53% |
 Tirupati ForgeTIRUPATIFL | 896 | 146.85 | 6.72 | +42.3% | −8.4% | 5.1% | 5.0% | 0.00% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.Balu Forge Industries dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossaryHighest ₹0.15 a share, years to Mar 2024, Mar 2025 and Mar 2026.
| Ex-date | Type | Per share |
|---|---|---|
| 18 Sep 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹0.15 |
| 19 Sep 2025 | Final | ₹0.15 |
| 20 Sep 2024 | Final | ₹0.15 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Balu Forge Industries announcements
Oct 2026
16 Oct
Sep 2026
30 Sep · Meeting
26 Sep · Management
Balu Forge Industries share price by year
Each calendar year to 2025.Balu Forge Industries share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 604.90 | −23.5% | 790.55 | 435.60 |
| 2024BSE close | 791.20 | +220.6% | 854.35 | 164.85 |
| 2023BSE close | 246.80 | +285.0% | 251.50 | 61.85 |
| 2022BSE close | 64.10 | −49.1% | 142.10 | 53.85 |
| 2021BSE close | 126.05 | −1.6% | 265.00 | 99.35 |
| 2020BSE close | 128.10 | +294.2% | 136.95 | 29.50 |
| 2019BSE close | 32.50 | −36.8% | 65.90 | 29.45 |
| 2018BSE close | 51.40 | +20.9% | 84.45 | 40.45 |
| 2017BSE close | 42.50 | −43.3% | 79.95 | 35.00 |
| 2016BSE close | 75.00 | +57.7% | 76.35 | 34.00 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.
Recent sessions
The 9 trading days to 29 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 29 Oct 2026 | 447.50 | 461.25 | 441.65 | 452.85 | 450.42 | 7,48,854 | 37.4% |
| 28 Oct 2026 | 440.00 | 455.80 | 432.40 | 447.05 | 445.75 | 6,00,170 | 26.2% |
| 27 Oct 2026 | 428.00 | 452.95 | 423.35 | 440.55 | 441.75 | 11,24,444 | 27.4% |
| 26 Oct 2026 | 422.05 | 427.50 | 410.50 | 424.60 | 420.17 | 4,28,826 | 38.7% |
| 23 Oct 2026 | 444.80 | 445.75 | 417.20 | 422.05 | 424.85 | 5,94,067 | 43.4% |
| 22 Oct 2026 | 448.95 | 453.95 | 438.00 | 442.55 | 444.23 | 3,17,339 | 38.2% |
| 21 Oct 2026 | 470.00 | 480.00 | 446.00 | 450.70 | 455.02 | 6,17,737 | 52.4% |
| 19 Oct 2026 | 476.00 | 485.20 | 466.90 | 469.45 | 477.08 | 2,49,072 | 49.4% |
| 16 Oct 2026 | 478.45 | 487.50 | 475.60 | 480.70 | 481.59 | 2,74,960 | 43.1% |
Prices in ₹ per share as traded, not adjusted.
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Open offer history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 30 Apr 2015 | Price move | – | Between two trading sessions the price fell 47% or more, or rose 90% or more. No corporate action is on record. Earlier prices are not shown. |
Where an event has no factor that can be worked out, the chart leaves out the closes before it.
Company details
- Chairperson and managing director
- JASPALSINGH PREHLADSINGH CHANDOCK
- At the end of the quarter to Sep 2026
- NSE symbol
- BALUFORGE
- BSE code
- 531112
- ISIN
- INE011E01029
- Industry
- Industrial Products
- Website
- www.baluindustries.com
- CIN
- L29100MH1989PLC255933
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1989
- Registered office
- 506, 5th Floor, Imperial Palace, 45 Telly Park Road, Andheri (East), Mumbai 400069, Maharashtra
- Share registrar
- Skyline Financial Services Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments