Balu Forge Industries Ltd Ordinary Shares

531112

Summary

Fair Value Assessment
Overvalued (24% Premium)
Fair ValueQ497.92UncertaintyHigh
Close Price618.70Mar 26, 2025
Market Closed
618.70
Price Down by 0.40 | 0.06 %
Previous Close
618.70
Day Range
603.60 – 643.90
Year Range
190.95 – 890.00
Bid / Ask
Market Cap
68.5 Bil
Volume / Average
60.3 k / 79.4 k
Beta (5-Year)
0.57
Shares Outstanding
110.77 Mil
Primary Exchange
Bombay Stock Exchange

Business Description
Balu Forge Industries Ltd is engaged in the business of steel forging. The company is a supplier of crankshafts to Original Equipment Manufacturers (OEMs) in India and other countries. It serves railways; car manufacturers; industrial vehicles; defense; oil and gas; agriculture; pumps and other industries. It has a single operating segment: Manufacturing and selling Steel Forging Products. Geographically, the company derives a majority of its revenue from outside India.
Contact
45 Telly Park Road 506, 5th Floor, Imperial Palace, Mumbai, MH 400069
T +91 8655075578
www.baluindustries.com opens in a new tab
Sector
Industrials
Industry
Metal Fabrication
Most Recent Earnings
Dec 31, 2024
Fiscal Year End
Mar 31, 2025
Employees
445

Key Metrics

Income Statement (in Mil, except ratios)
12/31/2024
03/2024
03/2023
03/2022
03/2021
03/2020
Revenue
8,084.28 5,531.42 3,228.75 2,765.71 1,399.69 2.04
Revenue Growth %
55.86% 71.32% 17.01% 97.60% 68,646.81% 11.53%
Gross Profit
2,734.40 1,768.26 960.78 563.00 294.19 2.04
Gross Profit Margin %
33.82% 31.97% 29.76% 20.36% 21.02%
Operating Income
2,084.01 1,180.57 530.55 359.98 110.98 0.62
Operating Margin %
25.78% 21.34% 16.43% 13.02% 7.93% 30.57%
EBIT
2,166.84 1,193.95 569.52 428.85 160.49 0.62
EBIT Margin %
26.80% 21.58% 17.64% 15.51% 11.47% 30.57%
EBITDA
2,197.85 1,214.50 582.79 439.39 171.94 0.62
EBITDA Margin %
27.19% 21.96% 18.05% 15.89% 12.28% 30.57%
Net Income
1,694.46 936.73 389.13 298.44 76.19 0.41
Net Profit Margin %
20.96% 16.93% 12.05% 10.79% 5.44% 19.91%
Basic EPS
16.62 9.80 4.67 4.05 2.13 1.16
Diluted EPS
15.75 9.74 4.67 3.61 1.89 1.16
Normalized EPS
15.85 9.78 4.68 3.63 -16.47 1.16
Total Dividends per Share
0.15 0.10
Balance Sheet (in Mil, except ratios)
09/30/2024
03/2024
03/2023
03/2022
03/2021
03/2020
Total Assets
11,101.68 7,124.61 3,707.57 2,844.34 2,285.87 4.14
Total Liabilities
1,970.06 1,594.97 1,731.27 1,258.06 1,510.76 0.67
Total Debt
591.26 487.91 518.72 473.93 810.93
Total Equity
9,131.63 5,529.64 1,976.30 1,586.27 775.12 3.48
Cash And Cash Equivalents
757.65 879.40 51.45 59.18 23.68 1.26
Working Capital
4,834.06 3,592.70 1,382.65 1,175.17 474.38 1.15
Shares Outstanding (Mil)
82.31 68.62
Book Value Per Share
51.66 23.71 19.14 10.96 9.93
Total Debt To Equity
0.06 0.09 0.26 0.30 1.05
Cash Flow Statement (in Mil, except ratios)
09/30/2024
03/2024
03/2023
03/2022
03/2021
03/2020
Cash From Operating Activities
1,974.90 -179.74 121.73 -577.37 -142.11 0.52
Cash From Investing Activities
-4,901.90 -1,478.71 -72.64 -76.71 -32.31 -1.00
Cash From Financing Activities
3,237.15 2,486.39 -56.81 689.57 196.84
Capital Expenditures
1,478.71 72.64 76.71 32.31
Free Cash Flow
-578.58 433.94 258.27 75.81 0.53
Change in Cash
310.16 827.95 -7.72 35.50 22.41 -0.48

Profile

Name (Age)
5-Year Trend
2021
2022
2023
2024
2025
Jaspalsingh Pehladsingh Chandock (60) Chairman of the Board and Managing Director
Total Compensation for all Key Executives
Transaction History

Shares in Thousands
0 5 10 15 20 25 30 35 40
>
No Data Available
There is no available information for this investment.
Sep
2023
    • Buy
    • Acquisition
    • Option Exercise
    • Disposition
    • Sell
Transaction Detail
No Data Available
There is no available information for this investment.

Ownership

Name
% Total
Shares Held
% Total
Assets
Trend
Prev. 8 Qtrs
Change Amount
Change %
Date
iShares Core MSCI EM IMI ETF USD Acc 0.11 0.00 118,156
118,156
––
Feb 28, 2025
State St Gbl Sm Cp Eq ex-US Indx NL Cl A 0.10 0.01 111,687
Feb 28, 2025
NT ACWI ex-US IMI Fd - DC - NL - 3 0.08 0.01 82,365
82,365
––
Dec 31, 2024
iShares MSCI India Small-Cap ETF 0.05 0.05 54,264
Feb 28, 2025
State St Gbl All Cp Eq ex-US Idx NL Cl K 0.04 0.00 45,003
-8
0.02%
Feb 28, 2025
Total (for Top 5) 0.38 411,475
200,513

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