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 ₹ 5,842 Cr.
- Current Price ₹ 534
- High / Low ₹ 890 / 155
- Stock P/E 34.5
- Book Value ₹ 83.4
- Dividend Yield 0.03 %
- ROCE 30.0 %
- ROE 25.0 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Debtor days have improved from 181 to 142 days.
Cons
- 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|
| 142 | 286 | 327 | 560 | 815 | |
| 130 | 249 | 277 | 441 | 605 | |
| Operating Profit | 12 | 37 | 50 | 119 | 211 |
| OPM % | 9% | 13% | 15% | 21% | 26% |
| 5 | 8 | 13 | 10 | 17 | |
| Interest | 7 | 5 | 11 | 14 | 10 |
| Depreciation | 1 | 1 | 1 | 2 | 3 |
| Profit before tax | 10 | 39 | 51 | 114 | 214 |
| Tax % | 22% | 24% | 23% | 18% | |
| 8 | 30 | 39 | 94 | 169 | |
| EPS in Rs | 1.11 | 3.63 | 4.67 | 9.13 | 15.87 |
| Dividend Payout % | 0% | 3% | 0% | 2% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 58% |
| TTM: | 56% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 131% |
| TTM: | 111% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 75% |
| 3 Years: | 65% |
| 1 Year: | 126% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 24% |
| Last Year: | 25% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 69 | 82 | 83 | 103 | 109 |
| Reserves | 9 | 76 | 114 | 450 | 804 |
| 26 | 47 | 52 | 49 | 59 | |
| 68 | 78 | 121 | 111 | 138 | |
| Total Liabilities | 171 | 284 | 371 | 712 | 1,110 |
| 42 | 42 | 48 | 57 | 83 | |
| CWIP | 0 | 7 | 7 | 130 | 284 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 129 | 235 | 316 | 525 | 743 | |
| Total Assets | 171 | 284 | 371 | 712 | 1,110 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| 17 | -58 | 26 | -18 | |
| -3 | -8 | -21 | -148 | |
| -12 | 69 | -6 | 249 | |
| Net Cash Flow | 2 | 4 | -1 | 83 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Debtor Days | 156 | 165 | 235 | 142 |
| Inventory Days | 66 | 70 | 56 | 87 |
| Days Payable | 157 | 75 | 105 | 78 |
| Cash Conversion Cycle | 65 | 160 | 186 | 151 |
| Working Capital Days | 149 | 191 | 191 | 191 |
| ROCE % | 29% | 27% | 30% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 12 Feb
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Announcement under Regulation 30 (LODR)-Newspaper Publication
10 Feb - Extract of Newspaper Publications relating to the Un-Audited Standalone and Consolidated Financial Results for the Quarter and Nine Months ended December 31, 2024.
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Announcement under Regulation 30 (LODR)-Change in Directorate
7 Feb - Appointment of Mr. Roop Lal Meena as Additional Director.
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Integrated Filing (Financial)
7 Feb - Integrated filing of financial results for Q3 2024.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
7 Feb - Monitoring Agency Report on fund utilization for Q4 2024.
Annual reports
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Financial Year 2024
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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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Concalls
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Dec 2024TranscriptNotesPPT
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Dec 2024TranscriptNotesPPT
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Dec 2024TranscriptNotesPPT
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Dec 2024TranscriptNotesPPT
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Nov 2024TranscriptNotesPPT
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Oct 2024TranscriptNotesPPT
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Oct 2024TranscriptNotesPPT
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Aug 2024TranscriptNotesPPT
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Jul 2024TranscriptNotesPPT
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May 2023TranscriptNotesPPT
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Feb 2023TranscriptNotesPPT
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]