Balu Forge Industries Ltd Stock Price Today (NSE: BALUFORGE)
Fundamental Score
Balu Forge Industries Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis
Balu Forge Industries Ltd share price today is ₹447.95, down 0.78% on NSE/BSE as of 17 June 2026. Balu Forge Industries Ltd (BALUFORGE) is a Mid-cap company in the Castings & Forgings sector with a market capitalisation of ₹7.24K (Cr). The 52-week high for BALUFORGE share price is ₹719.00 and the 52-week low is ₹341.05. At a P/E ratio of 29.70x, BALUFORGE is currently trading above its industry average P/E of 28.08x. The company has a Return on Equity (ROE) of 25.38% and a debt-to-equity ratio of 0.07.
Balu Forge Industries Ltd Share Price Chart — NSE/BSE Historical Performance
Balu Forge Industries Ltd share price chart: 4.31% return over the past month. 52-week high ₹719.00, 52-week low ₹341.05.
Balu Forge Industries Ltd — Last 10 Trading Days
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| ₹452.05 | ₹467.80 | ₹443.45 | ₹465.20 | 6.98L (Cr) | |
| ₹470.10 | ₹475.80 | ₹449.40 | ₹452.05 | 11.28L (Cr) | |
| ₹504.35 | ₹504.80 | ₹470.00 | ₹475.90 | 19.08L (Cr) | |
| ₹504.35 | ₹504.35 | ₹504.35 | ₹504.35 | 0.00 (Cr) | |
| ₹504.70 | ₹510.30 | ₹490.00 | ₹504.35 | 13.12L (Cr) | |
| ₹476.05 | ₹513.40 | ₹473.05 | ₹496.70 | 33.50L (Cr) | |
| ₹477.00 | ₹484.20 | ₹462.20 | ₹466.70 | 7.27L (Cr) | |
| ₹487.85 | ₹487.85 | ₹471.00 | ₹475.75 | 2.30L (Cr) | |
| ₹480.50 | ₹498.90 | ₹480.10 | ₹482.50 | 4.08L (Cr) | |
| ₹463.00 | ₹476.95 | ₹461.70 | ₹472.80 | 1.73L (Cr) |
Balu Forge Industries Ltd — Last 12 Months Price History
| Month | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| ₹470.10 | ₹475.80 | ₹443.45 | ₹465.20 | -1.04% | |
| ₹549.00 | ₹569.90 | ₹452.40 | ₹475.90 | -13.32% | |
| ₹410.00 | ₹545.00 | ₹399.20 | ₹541.40 | +32.05% | |
| ₹465.20 | ₹499.85 | ₹385.00 | ₹386.20 | -16.98% | |
| ₹421.00 | ₹527.90 | ₹398.00 | ₹485.65 | +15.36% | |
| ₹605.00 | ₹609.00 | ₹341.05 | ₹422.10 | -30.23% | |
| ₹635.00 | ₹667.00 | ₹574.05 | ₹604.90 | -4.74% | |
| ₹645.00 | ₹658.50 | ₹579.95 | ₹628.80 | -2.51% | |
| ₹640.00 | ₹678.00 | ₹595.10 | ₹646.35 | +0.99% | |
| ₹617.00 | ₹696.84 | ₹615.45 | ₹638.05 | +3.41% | |
| ₹648.45 | ₹650.05 | ₹560.25 | ₹615.45 | -5.09% | |
| ₹718.00 | ₹719.00 | ₹601.00 | ₹617.60 | -13.98% |
AI Research Briefing
Powered by Gemini · 2026-04-09
Balu Forge is a momentum-driven defense play with stretched valuation, making it vulnerable to execution risks and geopolitical shifts.
WHAT'S HAPPENING NOW (last 2-4 weeks)
Balu Forge reported Q3 FY26 results on April 7, 2026, with net profit at , up 9.30% QoQ and 20.47% YoY. The company also filed a SEBI compliance certificate for dematerialization of shares for the March quarter.
CORE STORY (THE REAL GAME)
Balu Forge is being priced as a key defense play, leveraging its NATO supply chain integration and ammunition manufacturing capabilities. The market is betting on sustained order flow and execution in the defense sector, overshadowing its traditional auto component business.
- NATO supply chain induction
- 5-year ammunition supply MoU
- Strong Q3 FY26 results
- New defense order wins
- Successful ramp-up of ammunition production
- Expansion into new defense products
- Micro/SME cap - liquidity risk
- Over-reliance on defense contracts
- Stretched valuation
FII increased stake by 0.13% [cite: brief]
Geopolitical tensions are a tailwind for defense spending.
5-year MoU for ammunition supply to NATO-affiliated entity.
No - Free Cash Flow 5Y: ₹-480.42 Cr [cite: brief]
Balu Forge's 3-6 month outlook hinges on its ability to secure and execute defense orders. Any signs of slowdown will lead to a derating.
Primary Thesis Risk
Over-reliance on defense contracts and stretched valuation.
For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.
Returns & Performance
Return on Equity (ROE)
Profit generated per ₹1 of shareholder equity
Return on Capital (ROCE)
Returns generated on total capital deployed
Oper. Profit Margin (5Y Avg)
Average operating profit margin over 5 years
Dividend Yield
Annual dividend as % of current share price
Balu Forge Industries Ltd Valuation Check
Price to Earnings (P/E)
Share price ÷ earnings per share. Lower = cheaper
Industry Avg P/E
Average P/E of all peers in this sector
Market Capitalisation
Total market value of all outstanding shares
Growth Engine
Profit Growth (Quarterly YoY)
Net profit growth vs same quarter last year
Revenue Growth (Quarterly YoY)
Revenue growth vs same quarter last year
Revenue Growth (5-Year CAGR)
Compounded annual revenue growth over 5 years
EPS Growth (5-Year CAGR)
Earnings per share growth over 5 years
Net Profit Growth (5-Year CAGR)
Compounded annual net profit growth over 5 years
Balance Sheet Health
Debt to Equity Ratio
Total debt ÷ equity. Below 0.5 = financially healthy
Interest Coverage Ratio
EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably
Free Cash Flow (5-Year Total)
Cash left after capex over 5 years. Positive = self-funded growth
Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice
Balu Forge Industries Ltd Fundamental Analysis & Valuation Benchmarking
Educational evaluation of BALUFORGE across key market metrics for learning purposes.
Positive Indicators
9 factors identified
Strong Return on Equity (25.38%)
Observation: Efficient use of shareholders' capital generating superior returns.
Analysis: ROE >15% indicates strong profitability and effective management. This metric suggests the company can generate substantial returns on invested capital.
Excellent ROCE Performance (31.26%)
Observation: Superior returns on capital employed across business operations.
Analysis: ROCE >15% demonstrates efficient capital deployment and strong operational performance.
Strong Operating Margins (20.97%)
Observation: Healthy 5-year operating margins indicate pricing power and cost control.
Analysis: OPM >15% suggests operational efficiency and competitive advantages.
Robust Profit Growth (35.50%)
Observation: Strong year-over-year profit expansion demonstrates business momentum.
Analysis: Profit growth >20% indicates effective execution and market opportunity capture.
Strong Revenue Growth (34.38%)
Observation: Healthy sales growth indicates market demand and execution capability.
Analysis: Revenue growth >15% suggests strong market position and growth potential.
Conservative Debt Levels (D/E: 0.07)
Observation: Low leverage provides financial flexibility and reduced risk.
Analysis: Conservative debt structure offers resilience during economic downturns.
Strong Interest Coverage (24.42x)
Observation: Earnings comfortably cover interest obligations.
Analysis: Interest coverage >5x indicates low financial distress risk.
Balanced Promoter Holding (54.85%)
Observation: Optimal balance between promoter control and public float.
Analysis: Promoter holding in 50-75% range provides management alignment.
Zero Share Pledging Risk
Observation: No promoter shares pledged as collateral.
Analysis: Absence of share pledging eliminates potential forced-selling pressure.
Risk Factors
2 factors identified
Negative Free Cash Flow (₹-480.42 Cr over 5Y)
Observation: Cash outflows exceed inflows.
Analysis: Negative FCF requires analysis of capital expenditure cycle.
Limited Institutional Interest (FII+DII: 9.16%)
Observation: Low institutional participation may affect liquidity.
Analysis: Limited institutional interest may indicate size constraints or visibility issues.
Balu Forge Industries Ltd vs Castings & Forgings Peers
Peer Comparison - Castings & Forgings
Compare Balu Forge Industries Ltd with 10 other companies in the same sector
| Company Info | Fundamental | Valuation | Profitability | Financial Health | Growth | Dividend | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Company Company name | Score Bull Run comprehensive fundamental score based on 20+ metrics | Price Current trading price of the stock | Market Cap Total value of all shares in the market | P/E Price per share divided by earnings per share | ROE Net income divided by shareholder equity | ROCE Earnings before interest and tax divided by capital employed | Debt/Eq Total debt divided by total equity | Profit 5Y Average annual profit growth over 5 years | Sales 5Y Average annual sales growth over 5 years | Dividend Annual dividend per share divided by price per share |
Balu Forge Industries LtdBalu Forge Indu...Selected✓ BALUFORGE • 531112 | 51.4/100 | ₹447.95₹448 | ₹7240.86₹7240.86 | 29.70Average 29.7 Average | 25.38%Excellent 25.38% Excellent | 31.26%Excellent 31.26% Excellent | 0.07Excellent 0.1 Excellent | — — | — — | 0.02% |
AIA Engineering LtdAIA Engineering... AIAENG • 532683 | 54.1/100 | ₹4522.70₹4523 | ₹36025.37₹36025.37 | 31.97Average 32.0 Average | 15.42%Good 15.42% Good | 18.92%Good 18.92% Good | 0.14Excellent 0.1 Excellent | 13.23%Good 13.23% Good | 7.62%Good 7.62% Good | 0.42% |
Happy Forgings LtdHappy Forgings ... HAPPYFORGE • 544057 | 51.8/100 | ₹1428.00₹1428 | ₹9934.57₹9934.57 | 36.60Average 36.6 Average | 15.46%Good 15.46% Good | 19.17%Good 19.17% Good | 0.10Excellent 0.1 Excellent | 27.44%Excellent 27.44% Excellent | 20.35%Excellent 20.35% Excellent | 0.29% |
Steelcast LtdSteelcast Ltd... STEELCAS • 513517 | 72/100 | ₹269.50₹270 | ₹2233.35₹2233.35 | 25.07Average 25.1 Average | 24.24%Excellent 24.24% Excellent | 32.94%Excellent 32.94% Excellent | 0.00Excellent 0.0 Excellent | 55.61%Excellent 55.61% Excellent | 13.40%Good 13.40% Good | 0.65% |
Amic Forging LtdAmic Forging Lt... AMIC • 544037 | 56.5/100 | ₹1690.45₹1690 | ₹1843.35₹1843.35 | 73.06Average 73.1 Average | 21.80%Excellent 21.80% Excellent | 27.89%Excellent 27.89% Excellent | 0.05Excellent 0.1 Excellent | 116.81%Excellent 116.81% Excellent | 55.08%Excellent 55.08% Excellent | 0.00% |
Nelcast LtdNelcast Ltd... NELCAST • 532864 | 28.4/100 | ₹142.02₹142 | ₹973.07₹973.07 | 26.46Average 26.5 Average | 6.48%Poor 6.48% Poor | 9.55%Poor 9.55% Poor | 0.52Good 0.5 Good | -0.70%Poor -0.70% Poor | 17.17%Excellent 17.17% Excellent | 0.45% |
Synergy Green Industries LtdSynergy Green I... SGIL • 541929 | 38.5/100 | ₹528.50₹529 | ₹862.41₹862.41 | 55.53Average 55.5 Average | 21.88%Excellent 21.88% Excellent | 20.85%Excellent 20.85% Excellent | 1.79Average 1.8 Average | 38.79%Excellent 38.79% Excellent | 11.75%Good 11.75% Good | 0.18% |
Inv& PrecCastInv& PrecCast... INVPRECO • 504786 | 52.2/100 | ₹509.30₹509 | ₹509.30₹509.30 | 68.18Average 68.2 Average | 6.78%Poor 6.78% Poor | 9.59%Poor 9.59% Poor | 0.79Good 0.8 Good | 59.53%Excellent 59.53% Excellent | 11.64%Good 11.64% Good | 0.10% |
Neetu Yoshi LimitedNeetu Yoshi Lim... NEETUYOSHI • 544434 | 47.4/100 | ₹118.85₹119 | ₹472.54₹472.54 | 23.60Average 23.6 Average | 51.01%Excellent 51.01% Excellent | 46.01%Excellent 46.01% Excellent | 0.11Excellent 0.1 Excellent | — — | — — | 0.00% |
Tirupati Forge LtdTirupati Forge ... TIRUPATIFL • | 53.2/100 | ₹45.11₹45 | ₹410.25₹410.25 | 76.54Average 76.5 Average | 9.99%Poor 9.99% Poor | 12.37%Average 12.37% Average | 0.21Excellent 0.2 Excellent | 94.73%Excellent 94.73% Excellent | 33.02%Excellent 33.02% Excellent | 0.00% |
Magna Electro Castings LtdMagna Electro C... MAGNAELQ • 517449 | 61.9/100 | ₹1082.05₹1082 | ₹404.29₹404.29 | 18.59Average 18.6 Average | 19.38%Good 19.38% Good | 25.07%Excellent 25.07% Excellent | 0.09Excellent 0.1 Excellent | 28.12%Excellent 28.12% Excellent | 12.87%Good 12.87% Good | 0.63% |
Top Castings & Forgings Stocks
View all →By Bull Run Score
By Return on Equity
By Market Cap
- AIA Engineering Ltd share price36025.37 Cr
- Happy Forgings Ltd share price9934.57 Cr
- Steelcast Ltd share price2233.35 Cr
- Amic Forging Ltd share price1843.35 Cr
- Nelcast Ltd share price973.07 Cr
Balu Forge Industries Ltd PE Ratio History
Historical price-to-earnings ratio for BALUFORGE — last 5 years
| Year | EPS (₹) | Price (₹) | P/E Ratio |
|---|---|---|---|
| FY 2025 | ₹18.38 | ₹604.90 | 32.9x |
| FY 2024 | ₹9.74 | ₹791.20 | 81.2x |
P/E = year-end price ÷ diluted EPS from annual filings. Source: NSE/BSE via Bull Run.
Balu Forge Industries Ltd Dividend History
Annual cash dividends paid by BALUFORGE — dividend yield 0.02%
| Financial Year | Dividends Paid (₹ Cr) |
|---|---|
| FY 2025 | ₹1.57 Cr |
| FY 2022 | ₹0.74 Cr |
Cash dividends from annual cash flow statements. Past dividends do not guarantee future payments. Not investment advice.
Balu Forge Industries Ltd Quarterly Performance
Latest quarterly metrics for BALUFORGE — revenue growth and profit growth vs same quarter last year
Revenue Growth (YoY)
34.38%
Latest quarter vs same quarter previous year
Net Profit Growth (YoY)
35.50%
Latest quarter net profit vs same quarter previous year
5-Year Revenue CAGR
N/A
Compounded annual revenue growth over 5 years
5-Year Profit CAGR
N/A
Compounded annual net profit growth over 5 years
Balu Forge Industries Ltd Technical Indicators
SMA 50, SMA 200, RSI and volume signals for BALUFORGE — calculated from daily price history
Momentum is balanced — neither overbought nor oversold.
Technical indicators are for educational purposes only. Not investment advice.
Balu Forge Industries Ltd Financial Statements
Annual income statement, balance sheet and cash flow for Balu Forge Industries Ltd (BALUFORGE) — sourced from NSE/BSE filings.
Loading Financial Statements...
Fetching financial data for Balu Forge Industries Ltd
About BALUFORGE (Balu Forge Industries Ltd)
Balu Forge Industries Ltd. is a globally recognized leader in the design, development, and high-volume production of precision-engineered castings and forgings. Specializing in mis...sion-critical components, the company leverages its state-of-the-art manufacturing facilities and deep metallurgical expertise to deliver robust solutions across diverse industries. With a steadfast commitment to innovation and quality, Balu Forge consistently pushes the boundaries of material science and forging techniques, crafting components that meet the most demanding performance criteria. Their advanced capabilities allow them to manipulate various metals, including steel, aluminum, and specialized alloys, into complex shapes and intricate designs, providing clients with tailored solutions optimized for their unique applications. Focused on engineered solutions, Balu Forge offers a comprehensive product portfolio extending beyond conventional forgings. The company excels in the creation of highly specialized components such as locomotive wheels, intricate gear systems, hydraulic actuators, and heavy-duty chassis systems. These products showcase the company's mastery of metallurgy and precision machining, ensuring exceptional strength, durability, and performance in even the most challenging operational environments. By integrating advanced manufacturing processes and rigorous quality control measures, Balu Forge delivers products that consistently exceed industry standards and customer expectations. Addressing a global clientele, Balu Forge provides vital components to key sectors that include defense, aerospace, transportation, power generation, and agriculture. The breadth of their expertise allows them to collaborate closely with original equipment manufacturers (OEMs) to develop custom-engineered solutions optimized for specific applications. With an emphasis on innovation, superior product quality, and exceptional customer service, Balu Forge Industries Ltd. remains committed to delivering reliable, high-performance castings and forgings that drive progress across a wide range of industries worldwide.
Company Details
Key Leadership
Corporate Events
BALUFORGE Share Price: Frequently Asked Questions
What is the current share price of Balu Forge Industries Ltd?
Balu Forge Industries Ltd (BALUFORGE) trades at ₹447.95 on NSE and BSE. Market cap ₹7.24K (Cr). Educational data only.
What is the P/E ratio of Balu Forge Industries Ltd?
Balu Forge Industries Ltd has a P/E of 29.70x vs industry average 28.08x.
What is the Bull Run score for Balu Forge Industries Ltd?
Balu Forge Industries Ltd has a Bull Run score of 51.4/100 based on 25+ financial parameters.
Does Balu Forge Industries Ltd pay dividends?
Balu Forge Industries Ltd has a dividend yield of 0.02%. Past dividends don't guarantee future payments.
What is the ROE of Balu Forge Industries Ltd?
Balu Forge Industries Ltd has ROE of 25.38%. Higher ROE indicates better use of shareholder equity.
What is the debt-to-equity ratio of Balu Forge Industries Ltd?
Balu Forge Industries Ltd has debt-to-equity of 0.07.
Is Balu Forge Industries Ltd a good investment?
Bull Run gives Balu Forge Industries Ltd a score of 51.4/100. This is not investment advice — consult a SEBI-registered advisor.