Balu Forge Industries Ltd

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

Balu Forge Industries Ltd

₹ 534 -3.26%
21 Feb - close price
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

Product Offerings
The company manufactures fully finished and semi-finished forged components like crankshafts, railway wheels, transmission clutches, hydraulic motors, hooks, brake parts, etc. [1] [2]

Website BSE NSE
  • Market Cap ₹ 5,842 Cr.
  • Current Price ₹ 534
  • High / Low ₹ 890 / 155
  • Stock P/E 50.2
  • Book Value ₹ 78.0
  • Dividend Yield 0.03 %
  • ROCE 24.9 %
  • ROE 18.9 %
  • 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

  • Company has high debtors of 179 days.
  • Promoter holding has decreased over last 3 years: -9.91%

* 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 SmallCap BSE Allcap BSE Industrials

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
80 82 54 57 74 84 70 102 104 113 123 157 161
68 72 48 52 60 66 54 78 78 86 90 109 112
Operating Profit 12 11 6 5 14 17 15 24 26 27 33 49 48
OPM % 15% 13% 10% 9% 18% 21% 22% 24% 25% 24% 27% 31% 30%
1 5 5 5 3 0 0 4 2 4 1 2 9
Interest 1 2 2 3 3 4 2 4 4 4 2 3 2
Depreciation 0 0 0 0 0 0 0 0 0 0 1 1 1
Profit before tax 12 14 9 7 14 14 13 24 23 27 32 48 55
Tax % 26% 19% 16% 36% 40% 15% 19% 28% 20% 23% 24% 33% 28%
9 11 8 4 8 12 10 17 19 21 24 32 40
EPS in Rs 1.16 1.33 0.92 0.53 1.00 1.39 1.24 1.74 1.82 2.02 2.35 2.92 3.63
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 0 142 285 269 388 554
0 0 0 0 0 0 0 0 130 247 227 296 397
Operating Profit -0 -0 -0 -0 -0 0 0 0 12 38 43 92 157
OPM % -180% -33% 45% 39% 30% 9% 13% 16% 24% 28%
0 0 0 0 0 0 -0 0 5 8 13 11 18
Interest 0 0 0 0 0 0 0 0 7 5 10 14 10
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 87 162
Tax % 0% 0% 0% 0% 22% -280% 43% 22% 23% 27% 23%
-0 0 0 -0 0 0 0 0 8 30 32 67 116
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 10.92
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: 54%
Compounded Profit Growth
10 Years: %
5 Years: 220%
3 Years: 107%
TTM: 101%
Stock Price CAGR
10 Years: %
5 Years: 75%
3 Years: 65%
1 Year: 126%
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%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
66.24% 65.41% 65.41% 65.41% 65.41% 65.41% 57.47% 56.07% 56.07% 56.07% 54.71% 54.71%
11.74% 11.59% 11.59% 11.59% 7.67% 5.55% 6.48% 8.77% 9.71% 8.51% 10.43% 6.93%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.00% 1.95% 1.88% 1.43% 0.93% 0.97%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 4.23%
22.02% 23.01% 23.00% 23.01% 26.92% 29.05% 34.05% 33.21% 32.34% 33.99% 33.93% 33.16%
No. of Shareholders 3,2093,9045,9866,4787,80612,12913,79818,05423,72329,41950,95566,310

* 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.

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Documents

Announcements

Annual reports

Credit ratings

Concalls

  • Dec 2024
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  • Nov 2024
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  • Jul 2024
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  • May 2023
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  • Feb 2023
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