Balu Forge Industries Ltd. | Mid-cap | Industrials
₹637.30
-0.65%
| Balu Forge Stock Comparison:
Balu Forge vs PTC IndustriesBalu Forge vs Gravita IndiaBalu Forge vs Ramkrishna ForgingsBalu Forge vs RHI Magnesita IndiaBalu Forge vs Kirloskar FerrousBalu Forge vs NIFTY 50 | Market
TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Jun 2025

Income Metrics

Revenue 2.3B
Gross Profit 891.3M 38.22%
Operating Income 705.9M 30.27%
Net Income 570.3M 24.45%
EPS (Diluted) ₹4.89

Balance Sheet Metrics

Total Assets 12.5B
Total Liabilities 2.0B
Shareholders Equity 10.5B
Debt to Equity 0.19

Cash Flow Metrics

Revenue & Profitability Trend

Balu Forge Income Statement From 2021 to 2025

Metric20252024202320222021
Revenue i9.1B5.5B3.2B2.8B1.4B
Cost of Goods Sold i6.0B3.8B2.3B2.2B1.1B
Gross Profit i3.0B1.8B960.8M556.6M292.5M
Gross Margin % i33.5%32.0%29.8%20.2%20.9%
Operating Expenses
Research & Development i---9.5M15.0M
Selling, General & Administrative i317.7M264.2M175.2M168.8M95.9M
Other Operating Expenses i94.4M198.7M177.9M46.9M35.5M
Total Operating Expenses i412.1M462.9M353.2M225.3M146.5M
Operating Income i2.5B1.2B530.6M360.0M111.0M
Operating Margin % i27.4%21.3%16.4%13.0%7.9%
Non-Operating Items
Interest Income i24.8M32.0M321.0K5.1M860.0K
Interest Expense i70.6M87.5M84.9M26.5M61.8M
Other Non-Operating Income-----
Pre-tax Income i2.5B1.1B505.7M390.9M97.4M
Income Tax i500.9M201.7M116.5M92.4M21.2M
Effective Tax Rate % i19.7%17.7%23.0%23.6%21.8%
Net Income i2.0B936.7M389.1M298.4M76.2M
Net Margin % i22.5%16.9%12.1%10.8%5.4%
Key Metrics
EBITDA i2.6B1.3B607.7M429.9M170.6M
EPS (Basic) i₹19.07₹9.80₹4.67₹4.05₹2.13
EPS (Diluted) i₹18.22₹9.74₹4.67₹3.61₹1.89
Basic Shares Outstanding i10688018895659478832579777436584535698110
Diluted Shares Outstanding i10688018895659478832579777436584535698110

Income Statement Trend

Balu Forge Balance Sheet From 2021 to 2025

Metric20252024202320222021
Assets
Current Assets
Cash & Equivalents i930.8M879.4M51.5M59.2M23.7M
Short-term Investments i56.6M51.6M41.0M31.9M12.0M
Accounts Receivable i3.3B2.2B2.1B1.3B607.3M
Inventory i980.9M894.7M348.2M423.3M199.4M
Other Current Assets392.9M96.4M116.1M58.6M2.6M
Total Current Assets i5.7B4.9B3.0B2.3B1.3B
Non-Current Assets
Property, Plant & Equipment i2.8M2.8M2.8M2.8M2.8M
Goodwill i651.0M651.1M651.4M651.3M650.9M
Intangible Assets i155.0K247.0K486.0K432.0K36.0K
Long-term Investments-----
Other Non-Current Assets1.0K-1.0K1.0K3.0M-
Total Non-Current Assets i6.8B2.2B719.0M498.2M431.9M
Total Assets i12.5B7.1B3.7B2.8B1.7B
Liabilities
Current Liabilities
Accounts Payable i1.2B805.8M655.0M452.2M475.6M
Short-term Debt i237.2M239.5M401.6M394.8M140.5M
Current Portion of Long-term Debt-----
Other Current Liabilities11.2M210.0K120.2M61.4M44.0M
Total Current Liabilities i1.8B1.3B1.6B1.2B812.5M
Non-Current Liabilities
Long-term Debt i160.6M248.5M117.1M79.2M119.4M
Deferred Tax Liabilities i0-0447.0K0
Other Non-Current Liabilities900-4.0K1.0K--1.0K
Total Non-Current Liabilities i172.5M257.7M125.3M87.1M126.0M
Total Liabilities i2.0B1.6B1.7B1.3B938.5M
Equity
Common Stock i1.1B1.0B833.6M823.1M686.2M
Retained Earnings i3.7B1.7B756.2M367.0M76.2M
Treasury Stock i-----
Other Equity-----
Total Shareholders Equity i10.5B5.5B2.0B1.6B775.1M
Key Metrics
Total Debt i397.8M487.9M518.7M473.9M260.0M
Working Capital i3.9B3.6B1.4B1.2B469.2M

Balance Sheet Composition

Balu Forge Cash Flow Statement From 2021 to 2025

Metric20252024202320222021
Operating Activities
Net Income i2.5B1.1B505.7M390.9M97.4M
Depreciation & Amortization i-----
Stock-Based Compensation i-----
Working Capital Changes i-1.2B-1.1B-752.6M-1.0B-420.7M
Operating Cash Flow i1.4B109.5M-141.9M-600.2M-258.0M
Investing Activities
Capital Expenditures i-4.2B--72.6M-76.7M-32.3M
Acquisitions i-----
Investment Purchases i-----
Investment Sales i-----
Investing Cash Flow i-4.2B--72.6M-76.7M-32.3M
Financing Activities
Share Repurchases i-----
Dividends Paid i-15.7M---7.4M-
Debt Issuance i--42.6M--
Debt Repayment i--0-29.2M-90.2M
Financing Cash Flow i2.9B2.5B48.5M741.9M12.9M
Free Cash Flow i-2.7B-1.7B49.1M-654.1M141.0M
Net Change in Cash i175.1M2.6B-166.1M65.0M-277.4M

Cash Flow Trend

Balu Forge Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 32.26
Forward P/E 35.73
Price to Book 6.63
Price to Sales 7.45
PEG Ratio 0.63

Profitability Ratios

Profit Margin 23.10%
Operating Margin 28.11%
Return on Equity 19.36%
Return on Assets 16.28%

Financial Health

Current Ratio 3.12
Debt to Equity 0.04
Beta 0.34

Per Share Data

EPS (TTM) ₹19.82
Book Value per Share ₹96.44
Revenue per Share ₹84.02

Peer Financial Comparison

CompanyMarket CapP/E RatioP/B RatioROEProfit MarginDebt/Equity
baluforge74.1B32.266.6319.36%23.10%0.04
PTC Industries 253.5B400.0017.994.40%17.10%4.39
Gravita India 114.9B32.515.5115.04%8.46%13.76
Ramkrishna Forgings 101.6B34.403.2913.66%9.10%70.01
RHI Magnesita India 91.0B55.242.295.06%4.39%9.50
Kirloskar Ferrous 87.4B27.782.578.56%4.76%37.21

Financial data is updated regularly. All figures are in the company's reporting currency.