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 ₹ 8,316 Cr.
- Current Price ₹ 760
- High / Low ₹ 890 / 155
- Stock P/E 61.1
- Book Value ₹ 83.4
- Dividend Yield 0.02 %
- ROCE 30.8 %
- ROE 25.8 %
- 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
- Stock is trading at 9.11 times its book value
- Promoter holding has decreased over last quarter: -1.36%
* 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 Industrials BSE Allcap BSE SmallCap
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 | 706 | |
| 130 | 249 | 277 | 441 | 531 | |
| Operating Profit | 12 | 37 | 50 | 119 | 176 |
| OPM % | 9% | 13% | 15% | 21% | 25% |
| 5 | 8 | 13 | 10 | 10 | |
| Interest | 7 | 5 | 11 | 14 | 12 |
| Depreciation | 1 | 1 | 1 | 2 | 3 |
| Profit before tax | 10 | 39 | 51 | 114 | 171 |
| Tax % | 22% | 24% | 23% | 18% | |
| 8 | 30 | 39 | 94 | 136 | |
| EPS in Rs | 1.11 | 3.63 | 4.67 | 9.13 | 12.97 |
| Dividend Payout % | 0% | 3% | 0% | 2% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 58% |
| TTM: | 52% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 131% |
| TTM: | 104% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 62% |
| 5 Years: | 88% |
| 3 Years: | 46% |
| 1 Year: | 217% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 25% |
| Last Year: | 26% |
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 | 7 | 75 | 114 | 427 | 804 |
| 26 | 47 | 52 | 49 | 59 | |
| 70 | 79 | 121 | 134 | 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% | 31% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Investor Presentation
2d - Submission of investor presentation under SEBI regulations.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 14 Nov
-
Board Meeting Outcome for Outcome Of Board Meeting Held On November 14, 2024
14 Nov - Board approved MOU and SPV with Swan Energy.
-
Announcement under Regulation 30 (LODR)-Credit Rating
30 Oct - CRISIL upgrades Balu Forge's credit ratings.
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Announcement under Regulation 30 (LODR)-Investor Presentation
24 Oct - Investor Presentation made by the Company to Investor Community meet held today, i.e., Thursday, October 24, 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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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]