Balu Forge Industries Ltd

Balu Forge Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Balu Forge Industries Ltd

₹ 753 0.97%
25 Nov 11:26 a.m.
baluindustries.com BSE: 531112 NSE: BALUFORGE
About

Balu Forge Industries Ltd is engaged in the manufacturing of fully finished and semi-finished forged crankshafts and Forged Components. It has the capability to manufacture components conforming to the New Emission Regulations & the New Energy Vehicles [1]

Key Points

Company Overview
Company manufacturers and supplies precision engineered products, crankshafts and forging components which find application across a wide range of end user industries like automobiles, defence, railways and new energy space. [1]

Website BSE NSE
  • Market Cap ₹ 8,238 Cr.
  • Current Price ₹ 753
  • High / Low ₹ 890 / 155
  • Stock P/E 86.3
  • Book Value ₹ 78.0
  • Dividend Yield 0.02 %
  • ROCE 25.6 %
  • ROE 19.5 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 220% CAGR over last 5 years

Cons

  • Stock is trading at 9.61 times its book value
  • Promoter holding has decreased over last quarter: -1.36%
  • Company has high debtors of 179 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Castings, Forgings & Fastners Industry: Castings & Forgings

Part of BSE Allcap BSE Industrials BSE SmallCap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
74 80 82 54 57 74 84 70 102 104 113 123 157
65 68 72 48 52 60 66 54 78 78 86 90 109
Operating Profit 9 12 11 6 5 14 17 15 24 26 27 33 49
OPM % 12% 15% 13% 10% 9% 18% 21% 22% 24% 25% 24% 27% 31%
1 1 5 5 5 3 0 0 4 2 4 1 2
Interest 1 1 2 2 3 3 4 2 4 4 4 2 3
Depreciation 0 0 0 0 0 0 0 0 0 0 0 1 1
Profit before tax 9 12 14 9 7 14 14 13 24 23 27 32 48
Tax % 23% 26% 19% 16% 36% 40% 15% 19% 28% 20% 23% 24% 33%
7 9 11 8 4 8 12 10 17 19 21 24 32
EPS in Rs 0.95 1.16 1.33 0.92 0.53 1.00 1.39 1.24 1.74 1.82 2.02 2.35 2.92
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
0 0 0 0 0 0 0 0 142 285 269 388 497
0 0 0 0 0 0 0 0 130 247 227 296 363
Operating Profit -0 -0 -0 -0 -0 0 0 0 12 38 43 92 134
OPM % -180% -33% 45% 39% 30% 9% 13% 16% 24% 27%
0 0 0 0 0 0 -0 0 5 8 13 11 10
Interest 0 0 0 0 0 0 0 0 7 5 10 14 12
Depreciation 0 0 0 0 0 0 0 0 1 1 1 1 2
Profit before tax -0 0 0 -0 0 0 0 0 10 40 44 87 130
Tax % 0% 0% 0% 0% 22% -280% 43% 22% 23% 27% 23%
-0 0 0 -0 0 0 0 0 8 30 32 67 95
EPS in Rs -0.37 0.00 0.29 -0.57 0.86 2.00 5.43 1.14 1.11 3.70 3.84 6.55 9.11
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 3% 0% 2%
Compounded Sales Growth
10 Years: %
5 Years: 364%
3 Years: 40%
TTM: 51%
Compounded Profit Growth
10 Years: %
5 Years: 220%
3 Years: 107%
TTM: 100%
Stock Price CAGR
10 Years: 62%
5 Years: 87%
3 Years: 45%
1 Year: 212%
Return on Equity
10 Years: 20%
5 Years: 20%
3 Years: 20%
Last Year: 20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 4 4 0.35 0.35 0.35 0.35 0.35 0.35 69 82 83 103 109
Reserves -3 -3 -0 -0 -0 -0 -0 0 7 76 108 395 745
0 0 0 0 0 0 0 0 26 47 52 49 59
0 0 0 0 0 0 0 0 70 79 108 129 155
Total Liabilities 0 0 0 0 0 0 0 0 171 285 351 675 1,068
0 0 0 0 0 0 0 0 42 42 43 52 78
CWIP 0 0 0 0 0 0 0 0 0 7 7 130 284
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 129 236 301 493 706
Total Assets 0 0 0 0 0 0 0 0 171 285 351 675 1,068

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0 0 -0 0 -0 -0 0 0 17 -57 20 8
0 0 0 0 0 0 0 0 -3 -8 -16 -174
0 -0 0 0 0 0 -0 -0 -12 69 -6 249
Net Cash Flow 0 -0 -0 0 -0 -0 0 -0 2 4 -1 83

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 0 122 274 0 73 156 167 266 179
Inventory Days 0 0 66 68 67 120
Days Payable 157 75 114 118
Cash Conversion Cycle 0 122 274 0 73 65 160 219 182
Working Capital Days -73 122 237 -20 -18 149 192 230 224
ROCE % -173% 0% 33% -20% 47% 69% 30% 22% 32% 29% 24% 26%

Shareholding Pattern

Numbers in percentages

6 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
64.62% 66.24% 65.41% 65.41% 65.41% 65.41% 65.41% 57.47% 56.07% 56.07% 56.07% 54.71%
11.98% 11.74% 11.59% 11.59% 11.59% 7.67% 5.55% 6.48% 8.77% 9.71% 8.51% 10.43%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.00% 1.95% 1.88% 1.43% 0.93%
23.40% 22.02% 23.01% 23.00% 23.01% 26.92% 29.05% 34.05% 33.21% 32.34% 33.99% 33.93%
No. of Shareholders 2,6473,2093,9045,9866,4787,80612,12913,79818,05423,72329,41950,955

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Credit ratings

Concalls

  • Nov 2024
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  • Oct 2024
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  • Aug 2024
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  • May 2023
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  • Feb 2023
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