Balu Forge Industries financials

Latest results Q1 FY27 · Apr–Jun 2026
Revenue
₹301cr+29.0% on Q1 FY26
Net profit
₹66.1cr+15.9% on Q1 FY26
EBITDA margin
28.2%−2.8 pts on Q1 FY26
EPS
₹5.49+8.9% on Q1 FY26

Quarterly results

Every quarter ›
₹ croreQ1 FY27Q1 FY26Change
Revenue301233+29.0%
EBITDA84.872.3+17.3%
EBITDA margin28.2%31.0%−2.8 pts
Profit before tax80.770.0+15.3%
Net profit66.157.0+15.9%
EPS₹5.49₹5.04+8.9%

Over time

Q1 FY27 · Apr–Jun 2026latest
Revenue₹301 crNet profit₹66.1 crNet margin22.0%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023
5,497————
85.785.793.187.9—
12712735.948.851.3
5,538————
1,1751,107924560—
—+19.9%+65.0%——
312300251119—
26.6%27.1%27.2%21.3%—
300290248117—
26825920493.7—
22.8%23.4%22.1%16.7%—
₹22.07₹21.33₹16.79₹7.72—
—+27.0%+117.6%——
—31.7148−18.012.2
—−207−416−148—
−175−175−268−16612.2
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

BALUFORGE₹452.85

Balu Forge Industries Ltd.

· Capital Goods & Defence
₹ CrorePeersBHARATFORGAZADAXISCADESBORORENEWAVALONATLANTAELEASTRAMICROAPOLLOMcap ₹5,497 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY23
31/03/2023
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization————5,497.2
- Cash, Equiv & ST Investments—87.993.185.785.7
+ Total Debt51.348.835.9126.7126.7
Enterprise Value————5,538.3
Revenue—559.9923.61,107.41,174.9
Growth %, YoY——+65.0+19.9—
EBITDA—119.1251.1299.5312.0
Margin %—21.2827.1927.0526.56
EBIT—117.1247.8289.6300.5
Net Income—93.7203.9258.9268.0
Margin %—16.7322.0723.3822.81
EPS, Adj (current shares)—7.7216.7921.3322.07
Growth %, YoY——+117.6+27.0—
Cash from Operations12.2-18.0148.231.7—
Capital Expenditures—-147.9-416.4-207.0—
Free Cash Flow12.2-165.8-268.2-175.3-175.3
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Balu Forge Industries financials and key ratios

Prices at the 30 October 2026 close · figures from the company's filings with NSE

Balu Forge Industries (NSE: BALUFORGE) had a market capitalisation of ₹5,371 crore at the 30 October 2026 close (₹442.45 a share), a PE ratio of 20.0 on the last four quarters' profit and a price-to-book ratio of 3.37. In FY26 its consolidated net profit was ₹259 crore on revenue of ₹1,107 crore; in Q1 FY27 (April–June 2026) it was ₹66.1 crore, up 15.9% year on year. Its debt-to-equity ratio was 0.08 on 31 March 2026. Promoters held 53.99% of the shares on 30 September 2026.

Share price used
₹442.45 · 30 October 2026 close
Latest balance sheet
31 March 2026
Shareholding pattern
30 September 2026

Balu Forge Industries at a glance · consolidated

Market cap
₹5,371 Crat ₹442.45 · 30 Oct close
PE ratio (last 4 quarters)
20.020.7 on FY26 profit
Price to book (PB)
3.37book value ₹131.35 a share
ROE (FY26)
19.6%−5.8 pts vs FY25ROCE 21.4%
Debt to equity
0.08net debt ₹37.7 Cr
Promoter holding
53.99%+0.5 pts vs 30 Jun 202630 September 2026
Dividend yield
0.03%₹0.15 a share in 12 months
Net worth
₹1,595 Cr+51.4% vs 31 Mar 202531 March 2026
Free cash flow (FY26)
−₹175 Cr

Questions

What is the Balu Forge Industries PE ratio today?

Balu Forge Industries' PE ratio is 20.0 at the 30 October 2026 close (₹442.45 a share): a market capitalisation of ₹5,371 crore divided by consolidated net profit of ₹268 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹259 crore) it is 20.7.

What is the Balu Forge Industries net worth?

Balu Forge Industries' net worth — shareholders' equity in its consolidated balance sheet — was ₹1,595 crore on 31 March 2026, up 51.4% from ₹1,053 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹5,371 crore at the 30 October 2026 close.

What is the Balu Forge Industries book value per share?

Balu Forge Industries' book value per share was ₹131.35 on 31 March 2026: shareholders' equity of ₹1,595 crore divided by the 12.14 crore shares in issue, up 38.1% from ₹95.08 a year earlier. The share price at the 30 October 2026 close was ₹442.45.

What is the Balu Forge Industries PB ratio (price to book value)?

Balu Forge Industries' price-to-book (PB) ratio is 3.37 at the 30 October 2026 close: a market capitalisation of ₹5,371 crore divided by shareholders' equity (book value) of ₹1,595 crore on 31 March 2026. That is a book value of ₹131.35 per share against a share price of ₹442.45.

What is the Balu Forge Industries ROE and ROCE?

In FY26, Balu Forge Industries' return on equity (ROE) was 19.6% and its return on capital employed (ROCE) was 21.4%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 25.4% and ROCE 30.0%.

What is the Balu Forge Industries dividend yield?

Balu Forge Industries' dividend yield is 0.03% at the 30 October 2026 close: dividends of ₹0.15 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹442.45. They were ₹0.15 on 18 September 2026.

What is the Balu Forge Industries market cap?

Balu Forge Industries' market capitalisation was ₹5,371 crore at the 30 October 2026 close: 12.14 crore shares at ₹442.45 each.

Is Balu Forge Industries debt free?

No. Balu Forge Industries had borrowings of ₹127 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.08. Its cash and current investments were ₹89 crore, so its net debt was ₹37.7 crore.

What is the Balu Forge Industries dividend in 2026 and its record date?

In 2026, Balu Forge Industries has declared one dividend: ₹0.15 with record date 18 September 2026.

What is the Balu Forge Industries debt to equity ratio?

Balu Forge Industries' debt-to-equity ratio was 0.08 on 31 March 2026: borrowings of ₹127 crore against total equity of ₹1,595 crore. A year earlier, on 31 March 2025, it was 0.03.

What is the Balu Forge Industries revenue and profit in FY26?

In FY26 (April 2025–March 2026), Balu Forge Industries' consolidated net profit was ₹259 crore, up 27.0% from ₹204 crore in FY25, on revenue from operations of ₹1,107 crore (up 19.9%).

When are the Balu Forge Industries next results?

Balu Forge Industries has not yet announced the date of its Q2 FY27 results (July–September 2026); under SEBI's listing rules (Regulation 33) they are due by 14 November 2026.

What is the Balu Forge Industries EPS?

Balu Forge Industries' basic earnings per share (EPS) were ₹23.90 in FY26, against ₹19.24 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹24.33.

What is the Balu Forge Industries promoter holding?

Promoters held 53.99% of Balu Forge Industries on 30 September 2026, up 0.48 percentage points from 53.51% the previous quarter and down 0.86 percentage points from 54.85% a year earlier, according to the shareholding pattern filed with NSE.

What is the Balu Forge Industries free cash flow?

In FY26, Balu Forge Industries generated ₹31.7 crore of cash from operations and spent ₹207 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹175 crore. In FY25 it was −₹268 crore.

What is the Balu Forge Industries shareholding pattern?

On 30 September 2026, Balu Forge Industries' shares were held by promoters 53.99%, foreign portfolio investors (FII/FPI) 5.13%, domestic institutions (DII) 0.92% (including mutual funds at 0.11%) and retail and other non-institutional investors 36.15%. Over the year, FII holding was down 3.20 percentage points from 8.33% and DII holding was up 0.08 percentage points from 0.84%.

How does Balu Forge Industries compare with its peers?

On FY26 consolidated figures, against Bharat Forge, Azad Engineering and AXISCADES Technologies: Balu Forge Industries' operating margin of 26.2% is the second highest of the four (Bharat Forge 11.6%, Azad Engineering 28.6%, AXISCADES Technologies 11.5%; peer average 17.2%); its return on equity of 19.6% is the highest of the four (Bharat Forge 11.5%, Azad Engineering 9.1%, AXISCADES Technologies 10.5%; peer average 10.3%).

How does the Balu Forge Industries PE ratio compare with its peers?

At the 30 October 2026 closing prices, on FY26 net profit, Balu Forge Industries' PE ratio is 20.7, the lowest of the four: Bharat Forge 76.2, Azad Engineering 118.8 and AXISCADES Technologies 111.0, a peer average of 102.0. Each is the company's market capitalisation at that price divided by its FY26 net profit.

What are the Balu Forge Industries latest quarterly results?

Balu Forge Industries' latest results are for Q1 FY27 (April–June 2026), filed on 12 August 2026: consolidated net profit ₹66.1 crore, up 15.9% from ₹57 crore in Q1 FY26; revenue from operations ₹301 crore, up 29.0% year on year.

Balu Forge Industries vs Bharat Forge: how do they compare?

In FY26, Balu Forge Industries earned net profit of ₹259 crore on revenue of ₹1,107 crore, against ₹1,080 crore on ₹16,812 crore for Bharat Forge. Balu Forge Industries' operating margin was 26.2% (Bharat Forge 11.6%) and its return on equity 19.6% (Bharat Forge 11.5%). At the 30 October 2026 close, Balu Forge Industries' market capitalisation was ₹5,371 crore against ₹82,239 crore for Bharat Forge, and its PE ratio on FY26 profit 20.7 against 76.2.

Where do these Balu Forge Industries figures come from?

From Balu Forge Industries' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.