Balu Forge Industries Ltd
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]
- Market Cap ₹ 8,291 Cr.
- Current Price ₹ 758
- High / Low ₹ 890 / 155
- Stock P/E 86.9
- Book Value ₹ 78.0
- Dividend Yield 0.02 %
- ROCE 24.9 %
- ROE 18.9 %
- Face Value ₹ 10.0
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 9.71 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 SmallCap BSE Industrials
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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: | 88% |
| 3 Years: | 83% |
| 1 Year: | 207% |
| Return on Equity | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 20% |
| 3 Years: | 20% |
| Last Year: | 19% |
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 | 9 | 77 | 108 | 418 | 745 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26 | 47 | 52 | 49 | 59 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 68 | 78 | 108 | 106 | 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% | 31% | 29% | 24% | 25% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - Schedule of investor/analyst meet on 27th December.
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Announcement under Regulation 30 (LODR)-Investor Presentation
16 Dec - Submission of investor presentation under SEBI regulations.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
11 Dec - Schedule of investor meet from 10th to 16th December.
-
Announcement Under Regulation 30 (LODR)-Capacity Addition
9 Dec - Company announces capacity addition for high precision machining.
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Announcement under Regulation 30 (LODR)-Investor Presentation
4 Dec - Investor Presentation made by the Company to Investor /Analyst Community at the meet/ Conference held on Tuesday, December 03, 2024 and Wednesday, December 04, 2024.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
from bse
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Financial Year 2016
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2010
from bse
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]