BALU FORGE INDUSTRIES LTD (BALUFORGE) financials

BALU FORGE INDUSTRIES LTD (BALUFORGE) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

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]

Market Cap: ₹5,835Cr.
Current Price: ₹481
Stock P/E: 37.2
ROE: 13.2%
ROCE: 17.3%
Book Value: ₹113
Dividend Yield: 0.03%
52W High / Low: ₹667/341

In Jun 2026, BALU FORGE INDUSTRIES LTD (BALUFORGE) reported sales ₹175 Cr and net profit ₹38 Cr.

Annual TTM: sales ₹672 Cr, net profit ₹157 Cr.

Shareholding: Promoters 53.51% (Jun 2026), FIIs 5.04% (Jun 2026), DIIs 0.95% (Jun 2026), Government 3.86% (Jun 2026), Public 36.64% (Jun 2026).

BALUFORGE quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	157	161	158	150	167	171	159	175
Expenses	109	112	107	101	114	119	120	118
Operating Profit	49	48	51	49	53	52	39	57
OPM %	31%	30%	32%	32%	32%	30%	24%	33%
Other Income	2	9	4	2	3	4	24	3
Interest	3	2	4	2	4	5	5	5
Depreciation	1	1	1	2	2	3	3	3
Profit before tax	48	55	50	47	50	48	55	52
Tax %	33%	28%	23%	28%	29%	20%	18%	28%
Net Profit	32	40	38	34	36	39	45	38
EPS in Rs	2.92	3.63	3.52	2.99	3.12	3.35	3.71	3.11
Raw PDF	—	—	—	—	—	—	—	—

BALUFORGE profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	0	142	285	269	388	598	647	672
Expenses	0	130	247	227	296	418	455	471
Operating Profit	0	12	38	43	92	181	193	201
OPM %	30%	9%	13%	16%	24%	30%	30%	30%
Other Income	0	5	8	13	11	17	33	34
Interest	0	7	5	10	14	11	16	19
Depreciation	0	1	1	1	1	3	9	11
Profit before tax	0	10	40	44	87	184	200	206
Tax %	43%	22%	23%	27%	23%	27%	24%	—
Net Profit	0	8	30	32	67	134	153	157
EPS in Rs	1.14	1.11	3.70	3.84	6.55	12.26	12.62	13.29
Dividend Payout %	0%	0%	3%	0%	2%	1%	1%	—

BALUFORGE balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	0.35	0.35	69	82	83	103	111	121
Reserves	-0	0	9	77	108	418	838	1,248
Borrowings	0	0	26	47	52	49	40	152
Other Liabilities	0	0	68	78	108	106	152	91
Total Liabilities	0	0	171	285	351	675	1,141	1,613
Fixed Assets	0	0	42	42	43	52	178	542
CWIP	0	0	0	7	7	130	417	274
Investments	0	0	0	0	0	0	0	0
Other Assets	0	0	129	236	301	493	545	797
Total Assets	0	0	171	285	351	675	1,141	1,613

BALUFORGE cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	0	0	17	-57	20	8	141	-13
Cash from Investing Activity	0	0	-3	-8	-16	-174	-409	-333
Cash from Financing Activity	-0	-0	-12	69	-6	249	273	337
Net Cash Flow	0	-0	2	4	-1	83	5	-8
Free Cash Flow	0	0	14	-65	5	-166	-271	-216
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	314%	83%	159%	-158%	47%	27%	97%	1%

BALUFORGE shareholding pattern (%)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	54.71%	54.71%	55.25%	54.85%	54.85%	54.87%	54.39%	53.51%
FIIs	10.43%	6.93%	7.07%	8.20%	8.33%	7.94%	6.03%	5.04%
DIIs	0.93%	0.97%	1.07%	0.86%	0.83%	0.80%	0.89%	0.95%
Government	0.00%	4.23%	4.17%	4.06%	4.06%	4.06%	4.02%	3.86%
Public	33.93%	33.16%	32.43%	32.03%	31.93%	32.34%	34.68%	36.64%
No. of Shareholders	50,955	66,310	73,283	77,243	72,351	70,445	79,711	83,997

BALUFORGE key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	0	73	156	167	266	179	163	191
Inventory Days	—	—	66	68	67	120	73	106
Days Payable	—	—	157	75	114	118	112	49
Cash Conversion Cycle	0	73	65	160	219	182	124	248
Working Capital Days	-20	-18	113	142	176	201	135	180
ROCE %	30%	22%	31%	29%	24%	25%	25%	17%

BALUFORGEUpdated 18 Oct 2026, 5:09

Balu Forge Industries Ltd

BALUFORGEUpdated 18 Oct 2026, 5:09

Market Cap

₹5,835Cr.

Current Price

₹481

High / Low

₹667/341

Stock P/E

37.2

ROE13.2%

ROCE17.3%

Book Value₹113

Face Value₹10.0

Dividend Yield0.03%

About

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	70	2	54	0	0	13	19	10	1.24
Sep 2023	102	4	78	4	0	24	28	17	1.74
Dec 2023	104	4	78	2	0	23	20	19	1.82
Mar 2024	113	4	86	4	0	27	23	21	2.02
Jun 2024	123	2	90	1	1	32	24	24	2.35
Sep 2024	157	3	109	2	1	48	33	32	2.92
Dec 2024	161	2	112	9	1	55	28	40	3.63
Mar 2025	158	4	107	4	1	50	23	38	3.52
Jun 2025	150	2	101	2	2	47	28	34	2.99
Sep 2025	167	4	114	3	2	50	29	36	3.12
Dec 2025	171	5	119	4	3	48	20	39	3.35
Mar 2026	159	5	120	24	3	55	18	45	3.71
Jun 2026	175	5	118	3	3	52	28	38	3.11

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	0	0	0	0	0	0	0	0	0.29
Mar 2016	0	0	0	0	0	0	0	0	-0.57
Mar 2017	0	0	0	0	0	0	0	0	0.86
Mar 2018	0	0	0	0	0	0	22	0	2
Mar 2019	0	0	0	0	0	0	-280	0	5.43
Mar 2020	0	0	0	0	0	0	43	0	1.14
Mar 2021	142	7	130	5	1	10	22	8	1.11
Mar 2022	285	5	247	8	1	40	23	30	3.7
Mar 2023	269	10	227	13	1	44	27	32	3.84
Mar 2024	388	14	296	11	1	87	23	67	6.55
Mar 2025	598	11	418	17	3	184	27	134	12.26
Mar 2026	647	16	455	33	9	200	24	153	12.62
TTM	672	19	471	34	11	206	—	157	13.29

Shareholding pattern

As of Jun 2026%

Holder	Share
Promoters	53.51%
FIIs	5.04%
DIIs	0.95%
Government	3.86%
Public	36.64%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Government	Public
Sep 2023	57.47%	6.48%	2%	0%	34.05%
Dec 2023	56.07%	8.77%	1.95%	0%	33.21%
Mar 2024	56.07%	9.71%	1.88%	0%	32.34%
Jun 2024	56.07%	8.51%	1.43%	0%	33.99%
Sep 2024	54.71%	10.43%	0.93%	0%	33.93%
Dec 2024	54.71%	6.93%	0.97%	4.23%	33.16%
Mar 2025	55.25%	7.07%	1.07%	4.17%	32.43%
Jun 2025	54.85%	8.2%	0.86%	4.06%	32.03%
Sep 2025	54.85%	8.33%	0.83%	4.06%	31.93%
Dec 2025	54.87%	7.94%	0.8%	4.06%	32.34%
Mar 2026	54.39%	6.03%	0.89%	4.02%	34.68%
Jun 2026	53.51%	5.04%	0.95%	3.86%	36.64%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Other Assets	Total Assets
Mar 2015	0.35	0	0	0	0	0	0	0	0
Mar 2016	0.35	0	0	0	0	0	0	0	0
Mar 2017	0.35	0	0	0	0	0	0	0	0
Mar 2018	0.35	0	0	0	0	0	0	0	0
Mar 2019	0.35	0	0	0	0	0	0	0	0
Mar 2020	0.35	0	0	0	0	0	0	0	0
Mar 2021	69	9	26	68	171	42	0	129	171
Mar 2022	82	77	47	78	285	42	7	236	285
Mar 2023	83	108	52	108	351	43	7	301	351
Mar 2024	103	418	49	106	675	52	130	493	675
Mar 2025	111	838	40	152	1141	178	417	545	1141
Mar 2026	121	1248	152	91	1613	542	274	797	1613

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	0	0	0	0
Mar 2016	0	0	0	0
Mar 2017	0	0	0	0
Mar 2018	0	0	0	0
Mar 2019	0	0	0	0
Mar 2020	0	0	0	0
Mar 2021	17	-3	-12	2
Mar 2022	-57	-8	69	4
Mar 2023	20	-16	-6	-1
Mar 2024	8	-174	249	83
Mar 2025	141	-409	273	5
Mar 2026	-13	-333	337	-8

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	—	0	122	274	0	73	156	167	266	179	163	191
Inventory Days	—	0	—	—	—	—	66	68	67	120	73	106
Days Payable	—	—	—	—	—	—	157	75	114	118	112	49
Cash Conversion Cycle	—	0	122	274	0	73	65	160	219	182	124	248
Working Capital Days	—	-73	122	237	-20	-18	113	142	176	201	135	180
ROCE %	33%	-20%	47%	69%	30%	22%	31%	29%	24%	25%	25%	17%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of BALU FORGE INDUSTRIES LTD (BALUFORGE)?

The reported market capitalisation for BALU FORGE INDUSTRIES LTD (BALUFORGE) is ₹5,835Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of BALUFORGE?

The current price shown for BALU FORGE INDUSTRIES LTD (BALUFORGE) on Fincrux is ₹481 with a 52-week high/low of ₹667/341.

What is the P/E ratio of BALU FORGE INDUSTRIES LTD (BALUFORGE)?

The stock P/E for BALU FORGE INDUSTRIES LTD (BALUFORGE) is 37.2 on Fincrux, with ROE at 13.2% and ROCE at 17.3%.

What were BALUFORGE latest quarterly results?

For Jun 2026, BALU FORGE INDUSTRIES LTD (BALUFORGE) reported sales ₹175 Cr and net profit ₹38 Cr (figures in ₹ crore unless noted).

What are BALUFORGE annual sales and net profit?

For TTM, BALU FORGE INDUSTRIES LTD (BALUFORGE) shows sales of ₹672 Cr and net profit of ₹157 Cr on the Fincrux profit & loss statement.

Who owns BALU FORGE INDUSTRIES LTD (BALUFORGE)?

Latest shareholding for BALU FORGE INDUSTRIES LTD (BALUFORGE) on Fincrux: Promoters 53.51% (Jun 2026), FIIs 5.04% (Jun 2026), DIIs 0.95% (Jun 2026), Government 3.86% (Jun 2026), Public 36.64% (Jun 2026).

Where can I find BALU FORGE INDUSTRIES LTD (BALUFORGE) financials?

BALU FORGE INDUSTRIES LTD (BALUFORGE) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show BALUFORGE balance sheet and cash flow?

Yes. The BALU FORGE INDUSTRIES LTD (BALUFORGE) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 18 October 2026 at 5:09