Balu Forge Industries balance sheet

As of Mar 2026

Total assets: ₹1,851cr+47.8% on Mar 2025
Shareholders' equity: ₹1,595cr+51.4% on Mar 2025
Total debt: ₹127cr+252.8% on Mar 2025
Cash and investments: ₹85.7cr−8.0% on Mar 2025

₹ crore except per share

Tap a line for its trend	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023

Non-current assets
	514	150	24.2	—
	277	417	130	—
	32.5	32.5	32.5	32.5
	0.0	0.0	0.0	0.0
	0.0	0.0	0.0	—
	1.9	0.6	0.6	0.5
	1.9	0.6	0.6	0.5
	2.1	1.7	3.8	2.1
	229	82.2	28.0	—
	1,057	685	219	—
Current assets
	145	98.1	89.5	34.8
	425	327	218	211
	85.7	93.1	87.9	—
	3.3	3.1	2.9	2.8
	1.9	0.2	0.3	1.2
	11.3	6.7	6.4	5.5
	527	430	316	225
	121	39.3	87.5	39.0
	794	568	493	299
	1,851	1,252	712	371
Equity
	121	111	103	83.4
	1,473	942	450	—
	1,595	1,053	553	—
	1,595	1,053	553	—
Liabilities
	10.7	16.1	24.8	11.7
	20.2	5.1	0.0	—
	31.0	21.1	24.8	11.7
	1.2	0.0	0.9	0.8
	32.2	21.1	25.8	12.5
	116	19.9	23.9	39.6
	63.1	118	80.6	—
	10.6	6.8	11.9	41.0
	190	145	116	—
	0.3	0.2	0.2	0.1
	32.1	31.8	16.6	11.5
	2.0	1.1	0.5	2.3
	224	178	134	161
	256	199	159	173
	1,851	1,252	712	371
Trade payables — MSME split
	3.9	0.5	—	—
	59.2	118	—	—

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

alphave

BALUFORGE₹452.85

Balu Forge Industries Ltd.

· Capital Goods & Defence

₹ CrorePeersBHARATFORG AZAD AXISCADES BORORENEW AVALON ATLANTAELE ASTRAMICRO APOLLOMcap ₹5,497 Cr

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In ₹ Crore except Per Share As of	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/06/2026
Non-current Assets
+ Property, Plant & Equipment	—	24.2	150.4	514.0	514.0
+ Capital Work-in-Progress	—	130.3	417.1	277.3	277.3
+ Goodwill	32.5	32.5	32.5	32.5	32.5
+ Other Intangibles	0.0	0.0	0.0	0.0	0.0
+ Non-current Investments	—	0.0	0.0	0.0	0.0
+ Other Non-current Financial Assets	0.5	0.6	0.6	1.9	1.9
Non-current Financial Assets	0.5	0.6	0.6	1.9	1.9
+ Deferred Tax Assets	2.1	3.8	1.7	2.1	2.1
+ Other Non-current Assets	—	28.0	82.2	229.1	229.1
Total Non-current Assets	—	219.5	684.5	1,056.9	1,056.9
Current Assets
+ Inventories	34.8	89.5	98.1	145.3	145.3
+ Trade Receivables	210.5	218.5	327.3	425.1	425.1
+ Cash & Cash Equivalents	—	87.9	93.1	85.7	85.7
+ Other Bank Balances	2.8	2.9	3.1	3.3	3.3
+ Short-term Loans	1.2	0.3	0.2	1.9	1.9
+ Other Current Financial Assets	5.5	6.4	6.7	11.3	11.3
Current Financial Assets	225.1	316.1	430.3	527.2	527.2
+ Other Current Assets	39.0	87.5	39.3	121.3	121.3
Total Current Assets	298.9	493.0	567.7	793.8	793.8
Total Assets	370.8	712.5	1,252.2	1,850.8	1,850.8
Equity
+ Equity Share Capital	83.4	102.6	110.8	121.4	121.4
+ Other Equity / Reserves	—	450.4	942.4	1,473.1	1,473.1
Equity — Owners of Parent	—	553.0	1,053.2	1,594.5	1,594.5
Total Equity	—	553.0	1,053.2	1,594.5	1,594.5
Liabilities
+ Borrowings — Non-current	11.7	24.8	16.1	10.7	10.7
+ Other Non-current Financial Liab	—	0.0	5.1	20.2	20.2
Non-current Financial Liabilities	11.7	24.8	21.1	31.0	31.0
+ Provisions — Non-current	0.8	0.9	0.0	1.2	1.2
Non-current Liabilities	12.5	25.8	21.1	32.2	32.2
+ Borrowings — Current	39.6	23.9	19.9	116.0	116.0
+ Trade Payables	—	80.6	118.0	63.1	63.1
+ Other Current Financial Liab	41.0	11.9	6.8	10.6	10.6
Current Financial Liabilities	—	116.4	144.7	189.7	189.7
+ Provisions — Current	0.1	0.2	0.2	0.3	0.3
+ Current Tax Liabilities	11.5	16.6	31.8	32.1	32.1
+ Other Current Liabilities	2.3	0.5	1.1	2.0	2.0
Current Liabilities	160.6	133.7	177.9	224.1	224.1
Total Liabilities	173.1	159.5	199.0	256.3	256.3
Total Equity & Liabilities	370.8	712.5	1,252.2	1,850.8	1,850.8
Trade Payables — MSME split
+ Dues to Micro & Small — Current	—	—	0.5	3.9	3.9
+ Dues to Other Creditors — Current	—	—	117.5	59.2	59.2

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

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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%.