Balu Forge Industries Ltd: Financial Statements & Historical Data

COMPANY FINANCIAL DATA

Reported figures at a glance

Stored figures, not live quotes. Price record: 8 October 2026, 5:39 pm +05:30. Financial reporting periods are shown in the tables below.

Stored share price489₹ per share

Reported P/E22.2Times

Book value per share131₹ per share

Reported ROCE22.7 %%

Data sources and reporting basis

Sources: Company data source. Check the company filings linked by the source for the reporting basis and exceptional items.

Different tables can have different reporting dates and accounting bases. Verify the company filings before comparing figures. Missing data is not treated as zero.

How Getaka handles sources, dates and corrections. Page revision dates describe the page, not the age of every financial figure.

Financial changes explained

Automatically calculated historical comparisons. Amounts are in ₹ crore unless stated otherwise. These summaries describe reported figures and do not rate or recommend the shares.

Reporting coverage: Quarterly: Jun 2026 · Annual: Mar 2026 · Cash flow: Mar 2026 · Balance sheet: Mar 2026.

Quarterly revenue change

Quarterly revenue was ₹301.00 crore in Jun 2026, compared with ₹233.00 crore in Jun 2025. The change was an increase of ₹68.00 crore. Year-on-year change: +29.2%.

Calculation and source

Absolute change = later amount − earlier amount. Percentage change = (later ÷ earlier − 1) × 100.

Basis: consolidated. Period: 2025-06 to 2026-06.

View the financial table · Data source

Quarterly net result change

Quarterly net result was ₹66.00 crore in Jun 2026, compared with ₹57.00 crore in Jun 2025. The change was an increase of ₹9.00 crore. Year-on-year change: +15.8%.

Calculation and source

Absolute change = later amount − earlier amount. Percentage change = (later ÷ earlier − 1) × 100.

Basis: consolidated. Period: 2025-06 to 2026-06.

View the financial table · Data source

Annual revenue change

Annual revenue was ₹1,107.00 crore in Mar 2026, compared with ₹924.00 crore in Mar 2025. The change was an increase of ₹183.00 crore. Year-on-year change: +19.8%.

Calculation and source

Absolute change = later amount − earlier amount. Percentage change = (later ÷ earlier − 1) × 100.

Basis: consolidated. Period: 2025-03 to 2026-03.

View the financial table · Data source

Annual net result change

Annual net result was ₹259.00 crore in Mar 2026, compared with ₹204.00 crore in Mar 2025. The change was an increase of ₹55.00 crore. Year-on-year change: +27.0%.

Calculation and source

Absolute change = later amount − earlier amount. Percentage change = (later ÷ earlier − 1) × 100.

Basis: consolidated. Period: 2025-03 to 2026-03.

View the financial table · Data source

Quarterly net profit margin

Calculated net profit margin moved from 24.46% in Jun 2025 to 21.93% in Jun 2026: 2.54 percentage points lower.

Calculation and source

Margin = net profit ÷ revenue × 100. Margin change is measured in percentage points; rounded source figures can affect the result.

Basis: consolidated. Period: 2025-06 to 2026-06.

View the financial table · Data source

Eight-quarter revenue comparison

Revenue across the four quarters ending Jun 2026 totalled ₹1,176.00 crore, compared with ₹982.00 crore across the preceding four quarters. The change was 19.8%.

Calculation and source

Sum four consecutive quarters and compare with the preceding four non-overlapping quarters. All eight observations must exist.

Basis: consolidated. Period: 2024-09 to 2026-06.

View the financial table · Data source

Profit and operating cash flow

For Mar 2026, operating cash flow was ₹32.00 crore and net profit was ₹259.00 crore. Operating cash flow ÷ net profit was 0.12 times.

Calculation and source

These are different accounting measures. The ratio, when shown, uses the same reporting period and accounting basis; it is not an earnings-quality rating.

Basis: consolidated. Period: 2026-03.

View the financial table · Data source

Net profit history

Net profit was positive in 5 of 5 available annual observations in the five-year window ending Mar 2026.

Calculation and source

Count observations greater than zero. Missing years are excluded from both counts. Zero is not counted as positive.

Basis: consolidated. Period: 2022-03 to 2026-03.

View the financial table · Data source

Operating cash flow history

Operating cash flow was positive in 3 of 5 available annual observations in the five-year window ending Mar 2026.

Calculation and source

Count observations greater than zero. Missing years are excluded from both counts. Zero is not counted as positive.

Basis: consolidated. Period: 2022-03 to 2026-03.

View the financial table · Data source

Reported borrowings change

Reported borrowings was ₹152.00 crore in Mar 2026, compared with ₹40.00 crore in Mar 2025. The change was an increase of ₹112.00 crore. Year-on-year change: +280.0%.

Calculation and source

Absolute change = later amount − earlier amount. Percentage change = (later ÷ earlier − 1) × 100.

Basis: consolidated. Period: 2025-03 to 2026-03.

View the financial table · Data source

Promoters ownership share

Reported Promoters ownership moved from 54.39% in Mar 2026 to 53.51% in Jun 2026, a change of -0.88 percentage points.

Calculation and source

Later ownership percentage − earlier percentage. Ownership proportions do not establish purchases or sales; changes in share capital can also affect them.

Basis: Issuer ownership; separately refreshed. Period: 2026-03 to 2026-06.

View the financial table · Data source

FIIs ownership share

Reported FIIs ownership moved from 6.03% in Mar 2026 to 5.04% in Jun 2026, a change of -0.99 percentage points.

Calculation and source

Later ownership percentage − earlier percentage. Ownership proportions do not establish purchases or sales; changes in share capital can also affect them.

Basis: Issuer ownership; separately refreshed. Period: 2026-03 to 2026-06.

View the financial table · Data source

DIIs ownership share

Reported DIIs ownership moved from 0.89% in Mar 2026 to 0.95% in Jun 2026, a change of +0.06 percentage points.

Calculation and source

Later ownership percentage − earlier percentage. Ownership proportions do not establish purchases or sales; changes in share capital can also affect them.

Basis: Issuer ownership; separately refreshed. Period: 2026-03 to 2026-06.

View the financial table · Data source

Summary generated: 11 Oct 2026, 06:42 IST. Figures may be rounded, delayed or restated. Comparisons follow the source’s annual and quarterly classifications; changes in reporting duration or accounting policies can limit comparability. Check original filings. No cause for a change is inferred from arithmetic alone.

Stored market and accounting figures

Price record: 8 October 2026, 5:39 pm +05:30. Not a live quote.

Measure	Stored figure
Market Cap	5,939 Cr.
Current Price	489
High / Low	678/341
Stock P/E	22.2
Book Value	131
Dividend Yield	0.03 %
ROCE	22.7 %
ROE	19.6 %
Face Value	10.0

Market cap is in ₹ crore; prices and per-share values are in ₹. P/E is a multiple; yield, ROCE and ROE are percentages. Book value is an accounting figure, not an estimate of the share's investment value.

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Balu Forge Industries Ltd	5,939 Cr.	489	678/341	22.2	131	0.03 %	22.7 %	19.6 %	10.0
Skipper Ltd	6,488 Cr.	530	617/300	28.6	131	0.02 %	23.5 %	16.3 %	1.00
Pitti Engineering Ltd	3,847 Cr.	1,024	1,228/675	38.2	253	0.24 %	13.4 %	10.6 %	5.00
Sterling & Wilson Renewable Energy Ltd	3,778 Cr.	162	261/148	12.1	27.8	0.00 %	26.8 %	40.1 %	1.00
Jash Engineering Ltd	3,542 Cr.	561	620/321	41.1	82.1	0.29 %	17.7 %	16.0 %	2.00
Industry Average	3,059.54 Cr	571.30		42.00	129.65	0.34%	15.80%	24.71%	6.04

All Competitor Stocks of Balu Forge Industries Ltd

FINANCIALS

Quarterly performance

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Sales, expenses & profits

₹ crore

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Supporting financial tableAll reported figures · use a chart icon for peer comparison

Quarterly Chart Table

Metric	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	112	139	147	161	175	223	256	270	233	300	311	264	301
Expenses	90	109	114	127	132	158	188	195	161	217	227	204	216
Operating Profit	22	30	33	34	43	65	68	75	72	83	85	60	85
OPM %	19%	22%	22%	21%	25%	29%	26%	28%	31%	28%	27%	23%	28%
Other Income	0	4	2	4	1	2	10	4	2	3	4	23	4
Interest	2	4	4	4	2	3	2	4	2	4	5	5	5
Depreciation	0	0	1	1	1	1	1	1	2	2	3	3	3
Profit before tax	19	30	30	35	42	64	74	74	70	80	81	75	81
Tax %	13%	22%	16%	18%	18%	25%	20%	15%	19%	19%	12%	13%	18%
Net Profit	17	23	25	28	34	48	59	63	57	65	71	66	66
EPS in Rs	2.00	2.32	2.46	2.76	3.33	4.39	5.39	5.73	5.00	5.71	6.18	5.42	5.44

Last Updated: September 29, 2026, 8:22 am

FINANCIALS

Annual performance

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Sales, expenses & profits

₹ crore

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Earnings per share

₹ per share

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Supporting financial tableAll reported figures · use a chart icon for peer comparison

Profit & Loss Chart Table

Last Updated: September 26, 2026, 9:56 pm

Metric	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	142	286	327	560	924	1,107	1,175
Expenses	130	249	277	441	673	808	863
Operating Profit	12	37	50	119	251	300	312
OPM %	9%	13%	15%	21%	27%	27%	27%
Other Income	5	8	13	10	17	33	35
Interest	7	5	11	14	11	16	19
Depreciation	1	1	1	2	3	10	12
Profit before tax	10	39	51	114	254	306	317
Tax %	22%	24%	23%	18%	20%	15%
Net Profit	8	30	39	93	204	259	268
EPS in Rs	1.11	3.63	4.67	9.11	18.63	21.33	22.75
Dividend Payout %	0%	3%	0%	2%	1%	1%

YoY Net Profit Growth

Year	2021-2022	2022-2023	2023-2024	2024-2025	2025-2026
YoY Net Profit Growth (%)	275.00%	30.00%	138.46%	119.35%	26.96%
Change in YoY Net Profit Growth (%)	0.00%	-245.00%	108.46%	-19.11%	-92.39%

Balu Forge Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 5 years from 2021-2022 to 2025-2026.

Growth

Compounded Sales Growth
10 Years:	Not available
5 Years:	Not available
3 Years:	48%
TTM:	58%

Compounded Profit Growth
10 Years:	Not available
5 Years:	Not available
3 Years:	89%
TTM:	104%

Stock Price CAGR
10 Years:	32%
5 Years:	46%
3 Years:	130%
1 Year:	-13%

Return on Equity
10 Years:	Not available
5 Years:	Not available
3 Years:	25%
Last Year:	25%

Last Updated: September 5, 2025, 2:36 pm

FINANCIALS

Balance sheet

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Reserves & borrowings

₹ crore

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Balance Sheet Data Table

Last Updated: August 6, 2026, 3:00 am

Month	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	69	82	83	103	111	121
Reserves	9	76	114	450	942	1,473
Borrowings	26	47	52	49	40	152
Other Liabilities	68	78	121	111	159	104
Total Liabilities	171	284	371	712	1,252	1,851
Fixed Assets	42	42	48	57	183	547
CWIP	0	7	7	130	417	277
Investments	0	0	0	0	0	0
Other Assets	129	235	316	525	652	1,027
Total Assets	171	284	371	712	1,252	1,851

FINANCIALS

Cash generation

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Operating & free cash flow

₹ crore

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Cash Flows

Month	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	17	-58	26	-32	148	32
Cash from Investing Activity +	-3	-8	-21	-134	-416	-354
Cash from Financing Activity +	-12	69	-6	249	273	315
Net Cash Flow	2	4	-1	83	5	-7
Free Cash Flow	14	-65	5	-166	-268	-322
CFO/OP	159%	-161%	52%	-12%	73%	15%

Free cash flowAll reported figures · use a chart icon for peer comparison

Free Cash Flow Table

Free cash flow reported in the stored cash-flow statement (₹ Cr)
Period	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Free Cash Flow	14.00	-65.00	5.00	-166.00	-268.00	-322.00

This table and the chart use the Free Cash Flow row from the same stored cash-flow statement. Free cash flow generally measures operating cash flow after capital expenditure; check the source definition and reporting basis. It is not operating profit minus borrowings.

Financial efficiency feed. Source: www.screener.in. The source URL identifies consolidated accounts. Values from separate feeds can differ, even for the same period; they are not interchangeable. Use each table’s period labels. Data methodology.

FINANCIALS

Financial & business efficiency

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Working capital

Days

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Returns on capital & equity

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Supporting financial tableAll reported figures · use a chart icon for peer comparison

Financial Efficiency Data Table

Month	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	156	165	235	142	129
Inventory Days	66	70	56	87	59
Days Payable	157	75	105	78	71
Cash Conversion Cycle	65	160	186	151	117
Working Capital Days	113	141	146	175	114
ROCE %		29%	27%	30%	31%

FINANCIALS

Ownership trends

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Shareholding comparison

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Shareholder count

Shareholders

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Shareholding Pattern

Month	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	57.47%	56.07%	56.07%	56.07%	54.71%	54.71%	55.25%	54.85%	54.85%	54.87%	54.39%	53.51%
FIIs	6.48%	8.77%	9.71%	8.51%	10.43%	6.93%	7.07%	8.20%	8.33%	7.94%	6.03%	5.04%
DIIs	2.00%	1.95%	1.88%	1.43%	0.93%	0.97%	1.07%	0.86%	0.83%	0.80%	0.89%	0.95%
Government	0.00%	0.00%	0.00%	0.00%	0.00%	4.23%	4.17%	4.06%	4.06%	4.06%	4.02%	3.86%
Public	34.05%	33.21%	32.34%	33.99%	33.93%	33.16%	32.43%	32.03%	31.93%	32.34%	34.68%	36.64%
No. of Shareholders	13,798	18,054	23,723	29,419	50,955	66,310	73,283	77,243	72,351	70,445	79,711	83,997

This stock is not held by any mutual fund.

Alternate ratio feed. Source: www.way2wealth.com. The accounting basis and ratio definitions require verification against the source. Values from separate feeds can differ, even for the same period; they are not interchangeable. Use each table’s period labels. Data methodology.

FINANCIALS

Ratios from the alternate data feed

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Profitability ratios

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Liquidity ratios

Multiple (×)

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Distributions & retention

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Interest coverage

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Valuation multiples

Multiple (×)

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Supporting financial tableAll reported figures · use a chart icon for peer comparison

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	19.24	9.80	4.67	4.05	1.85
Diluted EPS (Rs.)	18.38	9.74	4.67	3.61	1.64
Cash EPS (Rs.)	18.71	9.33	4.83	3.75	1.28
Book Value[Excl.RevalReserv]/Share (Rs.)	95.08	53.90	23.71	19.27	11.30
Book Value[Incl.RevalReserv]/Share (Rs.)	95.08	53.90	23.71	19.27	11.30
Revenue From Operations / Share (Rs.)	83.38	54.57	39.18	34.75	20.71
PBDIT / Share (Rs.)	24.22	12.63	7.49	5.54	2.55
PBIT / Share (Rs.)	23.91	12.43	7.33	5.41	2.38
PBT / Share (Rs.)	22.93	11.10	6.07	4.75	1.42
Net Profit / Share (Rs.)	18.40	9.13	4.67	3.63	1.11
NP After MI And SOA / Share (Rs.)	18.40	9.13	4.67	3.63	1.11
PBDIT Margin (%)	29.04	23.13	19.11	15.93	12.31
PBIT Margin (%)	28.68	22.77	18.70	15.56	11.50
PBT Margin (%)	27.49	20.33	15.48	13.66	6.85
Net Profit Margin (%)	22.07	16.73	11.91	10.43	5.36
NP After MI And SOA Margin (%)	22.07	16.73	11.91	10.43	5.36
Return on Networth / Equity (%)	19.35	16.94	19.68	18.81	9.82
Return on Capital Employeed (%)	24.74	22.02	29.07	26.60	18.14
Return On Assets (%)	16.27	13.14	10.49	10.49	4.44
Long Term Debt / Equity (X)	0.01	0.04	0.05	0.04	0.13
Total Debt / Equity (X)	0.03	0.08	0.25	0.29	0.30
Asset Turnover Ratio (%)	0.94	1.03	0.99	1.25	0.00
Current Ratio (X)	3.12	3.69	1.86	2.00	1.58
Quick Ratio (X)	2.58	3.02	1.64	1.64	1.33
Inventory Turnover Ratio (X)	9.85	6.88	5.97	7.52	0.00
Dividend Payout Ratio (NP) (%)	0.77	0.00	0.00	2.48	0.00
Dividend Payout Ratio (CP) (%)	0.75	0.00	0.00	2.40	0.00
Earning Retention Ratio (%)	99.23	0.00	0.00	97.52	0.00
Cash Earning Retention Ratio (%)	99.25	0.00	0.00	97.60	0.00
Interest Coverage Ratio (X)	24.48	9.50	5.93	8.71	2.65
Interest Coverage Ratio (Post Tax) (X)	19.61	7.87	4.69	6.74	2.15
Enterprise Value (Cr.)	7009.40	2056.42	774.88	1018.94	1459.34
EV / Net Operating Revenue (X)	7.59	3.67	2.37	3.56	10.27
EV / EBITDA (X)	26.13	15.88	12.41	22.36	83.43
MarketCap / Net Operating Revenue (X)	7.65	3.75	2.24	3.42	10.12
Retention Ratios (%)	99.22	0.00	0.00	97.51	0.00
Price / BV (X)	6.71	3.79	3.70	6.18	18.56
Price / Net Operating Revenue (X)	7.65	3.75	2.24	3.42	10.12
EarningsYield	0.02	0.04	0.05	0.03	0.01