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- Balu Forge Industries
Balu Forge Industries share price
NSE: BALUFORGECapital GoodsMetal Fabrication
Balu Forge Industries at a glance
Balu Forge Industries (NSE: BALUFORGE) closed at ₹451.15 on 22 Oct 2026, up 0.24% on the day. With a market capitalisation of ₹5,399 Cr, it ranks 760th by market cap among the 4,183 NSE companies Pivot tracks (a small-cap company by SEBI's rank bands). It belongs to the Capital Goods sector; its industry is Metal Fabrication.
At its last close the stock traded at 18.9× trailing earnings, against a return on equity of 16.2% in FY26. Over the past year the share price has fallen 28.6%. Its 52-week range is ₹341.05 (29 Jan 2026) to ₹667.00 (16 Dec 2025); the last close is 32.4% below the high. In Q4 FY26, the quarter ended 31 Mar 2026, revenue was ₹264 Cr (−2.3% year on year) and net profit ₹66 Cr (+4.9%), on a consolidated basis. Promoters held 53.51% of the company as of 30 Jun 2026; 1.37% of promoter shares were pledged.
Key numbers
- Market cap
- ₹5,399 CrRank 760 on NSE
- P/E (trailing)
- 18.9×
- Price to book
- 2.94×FY26
- EPS (TTM)
- ₹23.88to Q4 FY26
- ROE
- 16.2%FY26
- ROCE
- 19.8%FY26
- Debt to equity
- 0.08FY26
- Net profit margin
- 23.4%FY26
- Book value / share
- ₹131.35FY26
- 52-week high
- ₹667.0016 Dec 2025
- 52-week low
- ₹341.0529 Jan 2026
- 1-year return
- −28.6%
- RSI (14-day)
- 35.1
Returns to 22 Oct 2026
| Period | 1 day | 1 week | 1 month | 3 months | 1 year |
|---|---|---|---|---|---|
| Price change | +0.24% | −6.9% | −13.0% | +5.5% | −28.6% |
Balu Forge Industries quarterly results
| Quarter | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹175 Cr | ₹223 Cr | ₹256 Cr | ₹270 Cr | ₹233 Cr | ₹300 Cr | ₹311 Cr | ₹264 Cr |
| Revenue YoY | +56.0% | +60.1% | +73.9% | +67.3% | +33.0% | +34.4% | +21.6% | −2.3% |
| Net profit | ₹34 Cr | ₹48 Cr | ₹59 Cr | ₹63 Cr | ₹57 Cr | ₹65 Cr | ₹71 Cr | ₹66 Cr |
| Net profit YoY | +105.0% | +106.9% | +131.9% | +121.7% | +66.9% | +35.1% | +20.5% | +4.9% |
| Net margin | 19.5% | 21.6% | 23.1% | 23.2% | 24.5% | 21.7% | 22.9% | 24.9% |
| EPS | ₹3.33 | ₹4.55 | ₹5.52 | ₹5.74 | ₹5.04 | ₹6.08 | ₹6.41 | ₹6.35 |
Balu Forge Industries financials
| Item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Revenue | ₹142 Cr | ₹286 Cr | ₹327 Cr | ₹560 Cr | ₹924 Cr | — |
| Operating profit | ₹10 Cr | ₹39 Cr | ₹51 Cr | ₹114 Cr | ₹254 Cr | — |
| Net profit | ₹8 Cr | ₹30 Cr | ₹39 Cr | ₹94 Cr | ₹204 Cr | — |
| EPS (₹) | ₹2.00 | ₹4.00 | ₹5.00 | ₹10.00 | ₹19.00 | — |
| Cash from operations | ₹17 Cr | −₹58 Cr | ₹12 Cr | −₹18 Cr | ₹148 Cr | — |
| Total debt | ₹10 Cr | ₹7 Cr | ₹12 Cr | ₹25 Cr | ₹16 Cr | ₹11 Cr |
| Shareholders' equity | ₹78 Cr | ₹159 Cr | ₹198 Cr | ₹553 Cr | ₹1,053 Cr | ₹1,595 Cr |
Balu Forge Industries shareholding pattern
| Holder | 9 Feb 2026 | 25 Feb 2026 | 6 Mar 2026 | 9 Mar 2026 | 31 Mar 2026 | 30 Jun 2026 |
|---|---|---|---|---|---|---|
| Promoters | 53.92% | 53.17% | 53.51% | 53.99% | 54.39% | 53.51% |
| Foreign institutions | 7.33% | 7.88% | 7.58% | 7.48% | 6.02% | 5.04% |
| Domestic institutions | 0.87% | 0.86% | 0.84% | 0.83% | 0.89% | 0.95% |
| Non-institutions | 33.89% | 34.16% | 34.20% | 33.89% | 34.67% | 36.64% |
| Promoter shares pledged | — | — | — | — | 1.40% | 1.37% |
Balu Forge Industries vs peers
The listed Capital Goods companies nearest to Balu Forge Industries by market capitalisation.
| Company | Price | 1 day | 1 year | Market cap | P/E | ROE |
|---|---|---|---|---|---|---|
| CENTUMCentum Electronics | ₹4,031.00 | +2.89% | +59.6% | ₹5,949 Cr | 59.1 | — |
| GMMPFAUDLRGMM Pfaudler | ₹1,287.90 | +2.54% | +23.8% | ₹5,790 Cr | 100.1 | — |
| SPECTRUMSpectrum Electrical Industries | ₹3,520.00 | −2.77% | +164.1% | ₹5,531 Cr | 139.8 | — |
| BALUFORGEBalu Forge Industries | ₹451.15 | +0.24% | −28.6% | ₹5,399 Cr | 18.9 | — |
| ROSSTECHRossell Techsys | ₹1,393.00 | −0.38% | +108.2% | ₹5,251 Cr | 240.6 | — |
| IONEXCHANGION Exchange (India) | ₹350.60 | −0.01% | −9.9% | ₹5,142 Cr | 29.2 | — |
| SHAKTIPUMPShakti Pumps (India) | ₹404.80 | 0.00% | −49.7% | ₹4,995 Cr | 19.3 | — |
Ask anything about Balu Forge Industries
Pivot answers on the live chart with evidence you can check, and tests strategies against BALUFORGE's own history. Try: “Why has BALUFORGE moved over the last three months?” · “Backtest a 50-day moving-average crossover on BALUFORGE over five years” · “Compare BALUFORGE with CENTUM on margins and valuation”
Frequently asked questions about Balu Forge Industries
What is the share price of Balu Forge Industries today?
Balu Forge Industries (NSE: BALUFORGE) last closed at ₹451.15 on 22 Oct 2026. Its 52-week high is ₹667.00 and its 52-week low is ₹341.05.
What is the market cap of Balu Forge Industries?
Balu Forge Industries' market capitalisation is ₹5,399 Cr (₹5,399 Cr) at the 22 Oct 2026 close, ranking 760th among the NSE companies Pivot tracks.
What is the P/E ratio of Balu Forge Industries?
Balu Forge Industries trades at a trailing P/E of 18.9. The median P/E of the 6 closest Capital Goods peers by market cap is 100.1.
What is the ROE and ROCE of Balu Forge Industries?
Return on equity was 16.2% in FY26 and return on capital employed was 19.8% in FY26 (consolidated figures).
Is Balu Forge Industries a debt-free company?
No. Balu Forge Industries' debt-to-equity ratio was 0.08 in FY26, with total debt of ₹11 Cr.
What were Balu Forge Industries' latest quarterly results?
For Q4 FY26 (quarter ended 31 Mar 2026), Balu Forge Industries reported revenue of ₹264 Cr, −2.3% year on year, and net profit of ₹66 Cr, +4.9% year on year.
How has Balu Forge Industries stock performed over the last year?
Balu Forge Industries' share price has fallen 28.6% over the past year, +5.5% over three months and −13.0% over one month, to the 22 Oct 2026 close.
What is the shareholding pattern of Balu Forge Industries?
As of 30 Jun 2026: promoters 53.51%, foreign institutions 5.04%, domestic institutions 0.95%, non-institutions 36.64%. 1.37% of promoter shares were pledged.
Who are Balu Forge Industries' competitors?
The listed Capital Goods companies closest to Balu Forge Industries by market cap are Centum Electronics, GMM Pfaudler, Spectrum Electrical Industries, Rossell Techsys, ION Exchange (India) and Shakti Pumps (India).
Is Balu Forge Industries a good stock to buy?
Pivot does not give buy or sell recommendations. This page sets out Balu Forge Industries' price history, valuation, profitability, quarterly results and ownership so you can judge it yourself, and Pivot's chart lets you test a strategy on BALUFORGE against its own history before risking money. This is analysis, not financial advice.
Sources and method
Prices: NSE daily closes to 22 Oct 2026 (returns and ratios at the 22 Oct 2026 close). Fundamentals: company filings via Moneycontrol, consolidated where available. Shareholding: exchange shareholding-pattern filings. The 52-week range uses intraday highs and lows; the chart marks closing prices. P/E is the last close over trailing twelve-month EPS. Market-cap rank is among the 4,183 NSE companies Pivot tracks; SEBI's bands call the top 100 large-cap and the next 150 mid-cap. Figures marked “—” are not available rather than zero. This is analysis, not financial advice.
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