In ₹ Crore except Per Share Latest Annual	BALUFORGE FY26	BHARATFORG FY26	AZAD FY26	AXISCADES FY26	Peer Average
Valuation — at last close
P/E	◆ 17.74×	75.29×	120.81×	114.33×	103.47× -83%
P/B	◆ 3.23×	8.51×	10.50×	11.31×	10.10× -68%
EV/EBITDA	◆ 17.31×	29.37×	72.43×	47.68×	49.83× -65%
Market Cap	₹5,146 Cr	₹81,283 Cr	₹16,048 Cr	₹8,230 Cr	₹35,187 Cr -85%
Growth
Revenue CAGR 3Y	—	9.20%	◆ 32.11%	12.15%	17.82%
Revenue CAGR 5Y	—	◆ 21.55%	—	17.21%	19.38%
Net Income CAGR 3Y	—	28.92%	—	—	28.92%
Revenue YoY (latest Q)	◆ 28.95%	18.71%	25.90%	-24.77%	6.61% +338%
Net Income YoY (latest Q)	15.89%	-131.67%	◆ 19.46%	-170.76%	-94.32% +117%
Profitability
EBITDA Margin	27.05%	17.41%	◆ 37.37%	15.32%	23.37% +16%
Net Income Margin	◆ 23.38%	6.48%	22.15%	6.22%	11.62% +101%
Return on Common Equity	◆ 19.56%	11.50%	9.09%	10.45%	10.35% +89%
Return on Capital Employed	◆ 21.44%	16.25%	9.78%	15.12%	13.72% +56%
Return on Assets	◆ 16.69%	5.14%	6.58%	5.56%	5.76% +190%
Credit & Quality
Total Debt/Equity	◆ 0.08×	0.72×	0.30×	0.38×	0.47× -83%
Interest Coverage	◆ 17.60×	6.05×	5.60×	4.30×	5.32× +231%
Scale — latest FY
Revenue / Total Income	₹1,107 Cr	₹16,812 Cr	₹603 Cr	₹1,159 Cr	₹6,191 Cr -82%
Net Income	₹259 Cr	₹1,089 Cr	₹134 Cr	₹72.1 Cr	₹432 Cr -40%
Total Assets	₹1,851 Cr	₹22,260 Cr	₹2,200 Cr	₹1,466 Cr	₹8,642 Cr -79%
EPS	₹23.9	₹22.58	₹20.57	₹16.92	₹20.02 +19%
Book Value per Share	₹131.35	₹199.88	₹236.74	₹170.99	₹202.54 -35%

◆ best value in the comp set per metric · Δ = subject vs average of the other companies.

« ‹ › »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%.