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Balu Forge Industries Limited

Capital Goods · Industrial Products

NSE: BALUFORGE BSE: 531112
₹496.35
▼ -4.80 (-0.96%)
Sept. 30, 2026 · NSE · nse_bhavcopy
Quality
78/100
Strong
Valuation
16/100
Expensive
Momentum
31/100
Neutral

QVM read Quality business Quality Strong, Valuation Expensive, Momentum Neutral

Tradinity's own scoring, not a copy of any third party's -- see the Key Metrics section for the real ratios behind each number.

Key Metrics

Market Capitalization
₹5,708 Cr
PE (TTM)
36.9
Industry median 24.4 (265 companies)
Price to Book
3.6
PEG (TTM)
17.4
Institutions holding %
5.99%
FII + DII, latest filed period
Piotroski Score
3
Relative return vs Nifty50, qtr %
10.5
Relative return vs Sector, qtr %
13.8
Free Cash Flow
₹-175 Cr
as of March 31, 2026
Industry median ₹-0 Cr (379 companies)
EPS Growth (YoY)
3.32%
as of June 30, 2026
Industry median 18.18% (314 companies)
Net Profit Growth (TTM)
20.94%
as of June 30, 2026
Industry median 12.01% (310 companies)
Operating Revenue Growth (TTM)
7.51%
as of June 30, 2026
Industry median 8.28% (307 companies)
Profit Growth (YoY)
11.01%
as of June 30, 2026
Industry median 15.23% (307 companies)
Revenue Growth (YoY)
16.67%
as of June 30, 2026
Industry median 16.28% (288 companies)
Current Ratio
3.54
as of March 31, 2026
Industry median 2.00 (375 companies)
Debt to Equity
0.08
as of March 31, 2026
Industry median 0.15 (334 companies)
Interest Coverage
11.97
as of June 30, 2026
Industry median 6.34 (319 companies)
Net Margin
21.59%
as of June 30, 2026
Industry median 5.55% (300 companies)
Operating Margin (EBIT)
32.58%
as of June 30, 2026
Industry median 9.14% (306 companies)
Operating Margin (TTM)
33.38%
as of June 30, 2026
Industry median 8.26% (317 companies)
Return on Assets
13.99%
as of March 31, 2026
Industry median 4.65% (315 companies)
Return on Capital Employed
19.83%
as of March 31, 2026
Industry median 11.69% (315 companies)
Return on Equity
16.24%
as of March 31, 2026
Industry median 8.58% (315 companies)

Investment checklist

Tradinity's own yes/no questions with the rule stated beside each. “Items without enough data are left out, never counted as a No, and the totals count only answered questions. A summary of numbers on this page, not advice.

Financials

4 of 7 met
  • Yes Revenue is higher than a year earlier in each of the last 4 quarters
  • Yes Quality score is Strong (70 or more)
  • No Piotroski F-score is 7 or more (score 3)
  • Yes Debt to equity is below 0.5 (0.08)
  • Yes Return on equity is 15% or more (16.2%)
  • No Net cash flow for the latest year is positive
  • No Cash from operations is higher than the year before

Ownership

2 of 4 met
  • Yes FII/FPI or DII holding rose in the latest quarter
  • No Promoter holding rose or was unchanged in the latest quarter
  • No Promoter pledge is 5% of their holding or less and not rising (1.4% pledged)
  • Yes Insiders have not sold in the past 3 months (no open-market sale filed in the last 3 months)

Peer comparison

1 of 3 met
  • No 1-year return beats the industry median
  • Yes Revenue growth beats the industry median
  • No Profit growth beats the industry median

Value and momentum

1 of 6 met
  • Yes Price sits in the Buy zone of its own historical PE range (Buy Zone)
  • No Valuation score is Undervalued (70 or more)
  • No Momentum score is Bullish (70 or more)
  • No Price is above the 5, 10 and 20 day averages
  • No Price is above the 50, 100 and 200 day averages
  • No Latest candle has a bullish shape (hammer, dragonfly doji, white marubozu)

Price

Download CSV

PE/EPS use each quarter's real filed EPS only from 45 days after quarter-end (no look-ahead) against the raw close of the day. Price-to-book isn't a mode here: the feed has no dated share count, so there's no real history to chart.

RSI (14) (same adjusted close series as the price chart above)

MACD (12, 26, 9) (same adjusted close series as the price chart above)

Relative Returns (vs NIFTY 50)

Prices adjusted for splits and bonuses. * = a corporate action affecting this date could not be parsed and is not reflected.

Price range

Day return
-1.0%
Low 493.5000 · High 511.9500
1W return
-2.0%
Low 483.5000 · High 518.5000
1M return
-21.3%
Low 470.0000 · High 638.0000
52W return
-21.9%
Low 341.0500 · High 678.0000
Lifetime High ₹854.3500 (Sept. 9, 2024)
Lifetime Low ₹260.9500 (June 4, 2024)

Full price history and technicals →

Technicals

Full technicals, indicators & Volume/Delivery →

EMA & SMA

Bullish1
Bearish5
5D
500.2
10D
506.6
20D
518.0
50D
514.6
100D
502.2
200D
490.4

Delivery and volume

Day avg. delivery
39.5%
Week avg. delivery
33.3%
Month avg. delivery
33.4%

Week = 5 sessions, Month = 22 sessions ending the latest trading day — the same combined NSE+BSE delivery data as the table below, just summed.

Resistance and support

500.60
Pivot
First resistance507.70
Second resistance519.05
Third resistance526.15
First support489.25
Second support482.15
Third support470.80
Day RSI42.1
Day MFI37.1
Day MACD-10.57
Day MACD signal-5.73

Beta

1M2.24
3M1.30
1Y1.53
3Y1.56

Price change analysis

↓ -21.3%
Over 1 Month
LowHigh
470.00638.00
↑ 6.6%
Over 3 Months
LowHigh
422.60650.00
↑ 16.9%
Over 6 Months
LowHigh
404.05650.00
↓ -21.9%
Over 1 Year
LowHigh
341.05678.00
Legend Positive indicator Neutral indicator Negative indicator

Buy/Sell Zone

View Buy/Sell Zone →
Current PE 36.9 (own history: 28.9–84.0)
Buy Zone

Financials

View full financials, peers & valuation multiples →
Revenue (June 30, 2026)
₹175 Cr
Net profit (June 30, 2026)
₹38 Cr
Basic EPS (June 30, 2026)
₹3.1100

Ranks #50 of 335 in Industrial Products by market cap -- full peer table on the Financials page.

Shareholding pattern / Ownership

Shareholding summary

Jun 2026
  • Promoter53.51%
  • Mutual funds0.11%
  • FII/FPI5.04%
  • Other DII0.84%
  • Public40.50%

Largest holders

NameCategoryShares %Shares
JASPALSINGH PREHLADSINGH CHANDOCKPromoter50.5200%60459024
ENFORCEMENT DIRECTORATE RAIPURPublic3.8600%4624001
JAIKARAN JASPALSINGH CHANDOCKPromoter2.1000%2510150
EBISU GLOBAL OPPORTUNITIES FUND LIMITEDPublic1.7500%2100000
ASHISH KACHOLIAPublic1.5800%1890933

As of June 30, 2026. Only holders the filing discloses individually.

Historical promoter holding

Promoters holdings decreased from 54.39% to 53.51% in Jun 2026 qtr

Historical fii holding

FII/FPI holdings decreased from 6.02% to 5.04% in Jun 2026 qtr

Historical mutual fund holding

Mutual funds holdings were unchanged at 0.11% in Jun 2026 qtr

All shareholding details →

Insider trading, SAST & pledges

All 11 insider trades, 20 SAST, 1 pledge events →

Latest insider trades

FiledPersonCategoryTypeQuantityValue
29 Dec 2025 JASPALSINGH PREHLADSINGH CHANDOCK Promoter Buy 0 ₹0
29 Dec 2025 JASPALSINGH PREHLADSINGH CHANDOCK Promoter Buy 0 ₹0
27 Jun 2025 TRIMAAN JASPALSINGH CHANDOCK Promoter Sell 0 ₹0
27 Jun 2025 JAIKARAN JASPALSINGH CHANDOCK Promoter Sell 0 ₹0
27 Jun 2025 JASPALSINGH PREHLADSINGH CHANDOCK Promoter Buy 0 ₹0
4 Apr 2025 JAIKARAN JASPALSINGH CHANDOCK Promoter Buy 0 ₹0
20 Mar 2025 TRIMAAN JASPALSINGH CHANDOCK Director Buy 0 ₹0
11 Sep 2024 JAIKARAN JASPALSINGH CHANDOCK Promoter Buy 0 ₹0
11 Sep 2024 TRIMAAN JASPALSINGH CHANDOCK Promoter Buy 0 ₹0
8 Jul 2024 TRIMAAN JASPALSINGH CHANDOCK Director Buy 0 ₹0

All insider and SAST disclosures →

Deals (Bulk & Block)

All 53 deals, with filters and CSV →
DateClientDealActionQuantityPriceExchange
24 Aug 2026 RAMDOOT REALTORS PVT LTD Bulk Buy 653,765 617.5500 NSE
24 Aug 2026 RAMDOOT REALTORS PVT LTD Bulk Sell 652,265 620.0000 NSE
24 Aug 2026 JUNOMONETA FINSOL PRIVATE LIMITED Bulk Sell 611,226 621.4200 NSE
24 Aug 2026 JUNOMONETA FINSOL PRIVATE LIMITED Bulk Buy 607,118 620.9600 NSE
24 Aug 2026 HRTI PRIVATE LIMITED Bulk Buy 636,768 619.1500 NSE
24 Aug 2026 HRTI PRIVATE LIMITED Bulk Sell 541,670 622.1300 NSE
24 Aug 2026 RAMDOOT REALTORS PVT LTD Bulk Buy 653,765 617.5500 NSE
24 Aug 2026 RAMDOOT REALTORS PVT LTD Bulk Sell 652,265 620.0000 NSE
24 Aug 2026 JUNOMONETA FINSOL PRIVATE LIMITED Bulk Sell 611,226 621.4200 NSE
24 Aug 2026 JUNOMONETA FINSOL PRIVATE LIMITED Bulk Buy 607,118 620.9600 NSE

All bulk and block deals →

Dividends

Full dividend history →
Last 12 months ₹0.15 per share
Dividend yield 0.03%
Ex-dateSubjectPer share (₹)Record date
18 Sep 2026 Dividend - Re 0.15 Per Share 0.1500 18 Sep 2026
19 Sep 2025 Dividend - Re 0.15 Per Share 0.1500 19 Sep 2025
20 Sep 2024 Dividend - Rs 0.15 Per Share 0.1500 20 Sep 2024

Corporate Actions

Full history (6 events) →

Bonuses, splits, buybacks and other events. Dividends are listed separately above.

Ex-dateTypeSubject
—NAME_CHANGEName changed from BALU FORGE INDUSTRIES LIMITED to BALU FORGE INDUSTRIES LIMITED
—NAME_CHANGEName changed from Bell Agromachina Ltd. to Amaze Entertech Limited
20 Sep 2024OTHERAnnual General Meeting

All corporate actions →

Board Meetings

View board meeting history →

Quarterly results, AGMs, buybacks and other board-approved business.

DatePurposeResults
7 Sep 2026 Dividend/Other business matters —
12 Aug 2026 Financial Results/Fund Raising/Other business matters Yes
30 May 2026 Financial Results/Other business matters Yes
12 Feb 2026 Financial Results/Other business matters Yes
14 Nov 2025 Financial Results/Other business matters Yes

Corporate Announcements

All 259 announcements, with search →

Exchange disclosures (NSE and BSE), most recent first.

DateCategoryAnnouncement
3 Oct 2026 Shareholders meeting Balu Forge Industries Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 30, 2026. Further, the company has informed the Exchange regarding voting results.
3 Oct 2026 AGM/EGM Balu Forge Industries Ltd - 531112 - Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
30 Sep 2026 AGM/EGM Balu Forge Industries Ltd - 531112 - Shareholder Meeting / Postal Ballot-Outcome of AGM
30 Sep 2026 Shareholders meeting Balu Forge Industries Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 30, 2026
26 Sep 2026 Resignation of Director/KMP/SMP Balu Forge Industries Limited has informed the Exchange about Resignation of Director/KMP/SMP
26 Sep 2026 Trading Window Balu Forge Industries Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
26 Sep 2026 Change in Company Secretary/Compliance Officer Balu Forge Industries Limited has informed the Exchange about Change in Company Secretary/Compliance Officer
26 Sep 2026 Appointment Balu Forge Industries Limited has informed the Exchange regarding Appointment of Mr Amit Vinaybhai Jain as Company Secretary & Compliance Officer of the company w.e.f. October 15, 2026.
26 Sep 2026 Resignation Balu Forge Industries Limited has informed the Exchange regarding Resignation of Ms Tabassum Begum as Company Secretary & Compliance Officer of the company w.e.f. September 26, 2026.
26 Sep 2026 General Updates Balu Forge Industries Limited has informed the Exchange about Resignation of Ms. Tabassum Begum as Company Secretary & Compliance Officer w.e.f. 26.09.2026 due to marriage & relocation.

All announcements →

SWOT

Tradinity's own rule-based read of the real ratios elsewhere on this page -- not a copy of any third party's, and never a forward-looking prediction.

Strengths

  • Strong net profit margin (21.6%)
  • Low financial leverage (Debt/Equity 0.08)
  • Comfortable interest coverage (12.0x)
  • Strong revenue growth YoY (16.7%)

Weaknesses

Data unavailable.

Opportunities

Data unavailable.

Threats

  • PE above 35 (36.9) -- priced for continued strong execution
  • Down 21.9% over the past year

Board of directors and corporate information →

F&O

View F&O, Options & Backtest →

Data unavailable (no single-stock futures or options activity on record for this company).

Frequently asked questions about Balu Forge Industries Limited

Where is the share price?

The price at the top of this page is the last traded price from exchange data; during market hours it refreshes on its own. The Chart & Technicals section has the full price history.

Where are the financial results?

The Financials page has quarterly and annual results, ratios, cash flow and the balance sheet, on a standalone or consolidated basis.

Who owns the company?

The Ownership section shows the latest shareholding pattern from exchange filings, with promoter, FII, DII and public holdings by quarter.

Does Tradinity give buy or sell advice?

No. The scores and checklist on this page are rule-based summaries of published figures, not recommendations. Tradinity is not a registered investment adviser.