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 ₹ 3,652 Cr.
- Current Price ₹ 356
- High / Low ₹ 364 / 155
- Stock P/E 54.3
- Book Value ₹ 50.7
- Dividend Yield 0.00 %
- 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 7.03 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 179 days.
- Promoter holding has decreased over last 3 years: -13.8%
* 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
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 142 | 285 | 269 | 388 | |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 130 | 247 | 227 | 296 | |
Operating Profit | -0 | -0 | -0 | -0 | -0 | 0 | 0 | 0 | 12 | 38 | 43 | 92 |
OPM % | -180% | -33% | 45% | 39% | 30% | 9% | 13% | 16% | 24% | |||
0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 5 | 8 | 13 | 11 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7 | 5 | 10 | 14 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
Profit before tax | -0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 10 | 40 | 44 | 87 |
Tax % | 0% | 0% | 0% | 0% | 22% | -280% | 43% | 22% | 23% | 27% | 23% | |
-0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 8 | 30 | 32 | 67 | |
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 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 3% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 364% |
3 Years: | 40% |
TTM: | 44% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 220% |
3 Years: | 107% |
TTM: | 110% |
Stock Price CAGR | |
---|---|
10 Years: | 47% |
5 Years: | 50% |
3 Years: | 14% |
1 Year: | 120% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 4 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 69 | 82 | 83 | 103 |
Reserves | -3 | -3 | -0 | -0 | -0 | -0 | -0 | 0 | 7 | 76 | 108 | 418 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26 | 47 | 52 | 49 | |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 70 | 79 | 108 | 106 | |
Total Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 171 | 285 | 351 | 675 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 42 | 42 | 43 | 52 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7 | 7 | 130 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 129 | 236 | 301 | 493 | |
Total Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 171 | 285 | 351 | 675 |
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 | 6 | 8 | |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3 | -8 | -2 | -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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Credit Rating
29 Jun - Regarding revision of Credit Rating under Regulation 30 of SEBI (LODR) Regulations, 2015.
- Closure of Trading Window 28 Jun
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 14 Jun
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 13 Jun
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Compliances-Reg.24(A)-Annual Secretarial Compliance
29 May - Read with SEBI Master Circular dated July 11, 2023, please find enclosed the Annual Secretarial Compliance Report of the Company for the financial year ended …
Annual reports
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Financial Year 2023
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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
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2006
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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]