# Balu Forge Industries (NSE: BALUFORGE) share price, financials and shareholding

Source: https://app.pivotnow.in/stock/BALUFORGE · Pivot · prices to 22 Oct 2026

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

| Metric | Value |
| --- | --- |
| Last close | ₹451.15 |
| Market cap | ₹5,399 Cr |
| P/E (trailing) | 18.9 |
| ROE | 16.2% (FY26) |
| ROCE | 19.8% (FY26) |
| Debt to equity | 0.08 |
| 52-week high | ₹667.00 (16 Dec 2025) |
| 52-week low | ₹341.05 (29 Jan 2026) |
| 1-year return | −28.6% |

## Quarterly results (₹ crore, consolidated)

| Quarter | Revenue | Revenue YoY | Net profit | Net profit YoY | EPS (₹) |
| --- | --- | --- | --- | --- | --- |
| Q4 FY26 | ₹264 Cr | −2.3% | ₹66 Cr | +4.9% | ₹6.35 |
| Q3 FY26 | ₹311 Cr | +21.6% | ₹71 Cr | +20.5% | ₹6.41 |
| Q2 FY26 | ₹300 Cr | +34.4% | ₹65 Cr | +35.1% | ₹6.08 |
| Q1 FY26 | ₹233 Cr | +33.0% | ₹57 Cr | +66.9% | ₹5.04 |
| Q4 FY25 | ₹270 Cr | +67.3% | ₹63 Cr | +121.7% | ₹5.74 |
| Q3 FY25 | ₹256 Cr | +73.9% | ₹59 Cr | +131.9% | ₹5.52 |
| Q2 FY25 | ₹223 Cr | +60.1% | ₹48 Cr | +106.9% | ₹4.55 |
| Q1 FY25 | ₹175 Cr | +56.0% | ₹34 Cr | +105.0% | ₹3.33 |

## Annual results (₹ crore)

| Fiscal year | Revenue | Net profit |
| --- | --- | --- |
| FY25 | ₹924 Cr | ₹204 Cr |
| FY24 | ₹560 Cr | ₹94 Cr |
| FY23 | ₹327 Cr | ₹39 Cr |
| FY22 | ₹286 Cr | ₹30 Cr |
| FY21 | ₹142 Cr | ₹8 Cr |

## Shareholding (30 Jun 2026)

- Promoters: 53.51%
- Foreign institutions: 5.04%
- Domestic institutions: 0.95%
- Non-institutions: 36.64%

## Peers

| Company | Price | Market cap | P/E | ROE |
| --- | --- | --- | --- | --- |
| [Centum Electronics](https://app.pivotnow.in/stock/CENTUM) | ₹4,031.00 | ₹5,949 Cr | 59.1 | — |
| [GMM Pfaudler](https://app.pivotnow.in/stock/GMMPFAUDLR) | ₹1,287.90 | ₹5,790 Cr | 100.1 | — |
| [Spectrum Electrical Industries](https://app.pivotnow.in/stock/SPECTRUM) | ₹3,520.00 | ₹5,531 Cr | 139.8 | — |
| [Rossell Techsys](https://app.pivotnow.in/stock/ROSSTECH) | ₹1,393.00 | ₹5,251 Cr | 240.6 | — |
| [ION Exchange (India)](https://app.pivotnow.in/stock/IONEXCHANG) | ₹350.60 | ₹5,142 Cr | 29.2 | — |
| [Shakti Pumps (India)](https://app.pivotnow.in/stock/SHAKTIPUMP) | ₹404.80 | ₹4,995 Cr | 19.3 | — |

## Questions and answers

### 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.

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Sources: NSE end-of-day bars (Pivot's market data store); Company filings via Moneycontrol; Exchange shareholding-pattern filings. This is analysis, not financial advice. Pivot is not a broker or a SEBI-registered investment adviser.