Balu Forge Industries share price
NSE: BALUFORGEBSE: 531112Industrial ProductsSmall Cap
Last close ₹422.05down ₹20.50 (4.63%)BSE ₹421.50
Share price at the NSE close on 23 Oct 2026. Previous close ₹442.55.
52-week range of traded prices to 23 Oct 2026
₹341.05Low, 29 Jan 2026₹667.00High, 16 Dec 2025
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹5,123 Cr752nd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 12 Aug 2026
- 19.1
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet.
- Shares changed
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.04%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 12 Aug 2026
- 20.2%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 12 Aug 2026
- 17.5%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 30 May 2026
- 0.08
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 5,94,06743.4% delivered
Results
Standalone, as consolidated accounts are on record for only 5 of the last ten years; ₹ crore, the charts by years to March, the table by quarter.Quarterly results
Quarter to Jun 2026, against the quarter beforeFiled 17 Aug
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹175 Crup 9.86%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹38 Crdown 16.11%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
- 21.6%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2021, the company's revenue for that year, ₹142 Cr, differs from its quarters added, ₹86 Cr.
| ₹ crore | Sep 2024Filed 5 Nov | Dec 2024Filed 7 Feb | Mar 2025Filed 12 Jun | Jun 2025Filed 7 Aug | Sep 2025Filed 14 Nov | Dec 2025Filed 12 Feb | Mar 2026Filed 4 Jun | Jun 2026Filed 17 Aug |
|---|---|---|---|---|---|---|---|---|
| Revenue | 157 | 161 | 157 | 150 | 167 | 171 | 159 | 175 |
| Net profit | 32 | 40 | 38 | 34 | 36 | 39 | 45 | 38 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 20.3% | 24.8% | 24.4% | 22.7% | 21.3% | 22.5% | 28.3% | 21.6% |
Standalone. The last eight quarters. The latest is shaded.
Business segments
In the year to Mar 2026 the company reports one business segment, Industrial Machinery, which carries all its revenue.
Valuation
Today, against the company's own history. Not shown, P/B: the share count changed after the latest balance sheet (a rights issue, a buyback, an allotment or a listing), which does not yet hold the money it brought or returned. Not shown, EV/EBITDA: the share count changed after the latest balance sheet (a rights issue, a buyback, an allotment or a listing), which does not yet hold the money it brought or returned. Its history crosses a change of basis in the accounts in the year to Mar 2021: days before it are of the company before the change.PE ratio and valuation history
Price to earningsPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
At or below today's level on 12% of 1,160 trading days over the last 5 years.
LowestHighest
Its median31.4Industry median23.5
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 99% of 1,793 trading days over the last 10 years.
LowestHighest
Its median0.00%Industry median0.55%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −39.6% | +9.9% | −45.1% | 0.0% |
| 3 years | +63.9% | +51.6% | +8.1% | 0.0% |
| 5 years | +13.0% | +64.4% | −31.3% | 0.0% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1 and 5 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.
Mutual funds holding it
7 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 6 of the 6 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.
- AddedAdded. Funds that held more shares than at the end of the month before.
- 5
- CutCut. Funds that held fewer shares than at the end of the month before.
- 1
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 1
| Fund | |||
|---|---|---|---|
 Motilal Oswal Nifty Microcap 250 Index FundMotilal Oswal Mutual Fund | 1,28,881 | 0.27% | ₹6.40 Cr |
 Groww Nifty Total Market Index FundGroww Mutual Fund | 842 | 0.01% | ₹0.04 Cr |
 Angel One Nifty Total Market Index FundAngel One Mutual Fund | 140 | 0.01% | ₹69,490 |
| Motilal Oswal BSE 1000 Index FundMotilal Oswal Mutual Fund | 139 | 0.01% | ₹69,000 |
 Mirae Asset Nifty Total Market Index FundMirae Asset Mutual Fund | 116 | 0.01% | ₹58,000 |
 Bandhan Nifty Total Market Index FundBandhan Mutual Fund | 100 | 0.01% | ₹50,000 |
| Angel One Nifty Total Market ETFAngel One Mutual Fund | 98 | 0.01% | ₹48,640 |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Peers and competitors
Castings & Forgings, 30 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Balu Forge Industries in market cap.
Where the company sits among the companies nearest its size
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
 PTC IndustriesPTCIL | 37,170 | 295.9 | – | – | +94.6% | +105.0% | 8.7% | 7.3% | 0.00% |
 AIA EngineeringAIAENG | 33,401 | 26.4 | 4.2 | 26.4 | +5.6% | +14.5% | 16.9% | 14.2% | 0.45% |
 Happy ForgingsHAPPYFORGE | 16,633 | 50.8 | 7.8 | 33.1 | +15.5% | +21.6% | 16.5% | 16.9% | 0.23% |
 SteelcastSTEELCAS | 3,293 | 36.3 | 8.3 | 27.6 | +8.9% | +14.6% | 25.2% | 26.8% | 0.55% |
 Amic ForgingAMIC | 2,329 | 82.5 | – | – | +16.9% | −20.6% | 16.8% | – | 0.00% |
 Investment & Precision CastingsINVPRECQ | 1,357 | 93.1 | 13.2 | 40.0 | +16.6% | +144.0% | 15.0% | 15.4% | 0.07% |
 NelcastNELCAST | 1,037 | 25.2 | 1.7 | 12.3 | +4.2% | −1.9% | 7.1% | 8.2% | 0.59% |
 Synergy Green IndustriesSGIL | 890 | – | 8.0 | 34.4 | −2.5% | −151.0% | −8.1% | 1.9% | 0.00% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.Dividend history and dates
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up.Highest ₹0.15 a share, years to Mar 2024, Mar 2025 and Mar 2026.
| Ex-date | Type | Per share |
|---|---|---|
| 18 Sep 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹0.15 |
| 19 Sep 2025 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹0.15 |
| 20 Sep 2024 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹0.15 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
Sep 2026
26 Sep · Management
Balu Forge Industries share price by year
Each calendar year to 2025.Balu Forge Industries share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 604.90 | −23.5% | 790.55 | 435.60 |
| 2024BSE close | 791.20 | +220.6% | 854.35 | 164.85 |
| 2023BSE close | 246.80 | +285.0% | 251.50 | 61.85 |
| 2022BSE close | 64.10 | −49.1% | 142.10 | 53.85 |
| 2021BSE close | 126.05 | −1.6% | 265.00 | 99.35 |
| 2020BSE close | 128.10 | +294.2% | 136.95 | 29.50 |
| 2019BSE close | 32.50 | −36.8% | 65.90 | 29.45 |
| 2018BSE close | 51.40 | +20.9% | 84.45 | 40.45 |
| 2017BSE close | 42.50 | −43.3% | 79.95 | 35.00 |
| 2016BSE close | 75.00 | +57.7% | 76.35 | 34.00 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on NSE.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | 444.80 | 445.75 | 417.20 | 422.05 | 424.85 | 5,94,067 | 43.4% |
| 22 Oct 2026 | 448.95 | 453.95 | 438.00 | 442.55 | 444.23 | 3,17,339 | 38.2% |
| 21 Oct 2026 | 470.00 | 480.00 | 446.00 | 450.70 | 455.02 | 6,17,737 | 52.4% |
| 19 Oct 2026 | 476.00 | 485.20 | 466.90 | 469.45 | 477.08 | 2,49,072 | 49.4% |
| 16 Oct 2026 | 478.45 | 487.50 | 475.60 | 480.70 | 481.59 | 2,74,960 | 43.1% |
| 15 Oct 2026 | 487.00 | 488.50 | 475.10 | 476.45 | 480.74 | 3,60,891 | 33.6% |
| 14 Oct 2026 | 485.00 | 493.45 | 481.50 | 486.45 | 487.55 | 4,53,544 | 29.7% |
| 13 Oct 2026 | 477.00 | 488.05 | 471.05 | 486.70 | 479.60 | 6,56,709 | 22.3% |
| 12 Oct 2026 | 486.10 | 490.60 | 473.40 | 476.00 | 480.12 | 3,48,765 | 44.0% |
| 9 Oct 2026 | 495.00 | 498.00 | 476.20 | 481.20 | 484.04 | 5,56,624 | 40.7% |
Prices in ₹ per share as traded, not adjusted.
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Open offer history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 30 Apr 2015 | Price move | – | Between two trading sessions the price fell 47% or more, or rose 90% or more. No corporate action is on record. Earlier prices are not shown. |
Where an event has no factor that can be worked out, the chart leaves out the closes before it.
Company details
- Legal name
- Balu Forge Industries Limited
- NSE symbol
- BALUFORGE
- BSE code
- 531112
- ISIN
- INE011E01029
- Industry
- Industrial Products
- Listed
- Sep 1995 on BSE, Apr 2024 on NSE
- Face value
- ₹10
- CIN
- L29100MH1989PLC255933
- Corporate identity number, the registrar of companies' code for it