Balu Forge Industries logo

Balu Forge Industries shareholders and shareholding pattern

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 cap
₹5,123 Cr752nd largest listed
P/E
19.1
P/B
Shares changed
Dividend yield
0.04%
ROE
20.2%
ROCE
17.5%
Debt to equity
0.08
Volume, NSE
5,94,06743.4% delivered

Who owns Balu Forge Industries, filing by filing

Per cent of the company's shares. The last ten years of filings, from Dec 2016; the latest is the filing for Sep 2026.

Sep 2026 filing

  • Promoters53.99%
  • Foreign institutions5.13%
  • Indian institutions0.92%
  • Governments3.81%
  • Individuals and others36.15%

Shareholding pattern, per cent, from Sep 2022

  • Promoters
  • Foreign institutions
  • Indian institutions
  • Governments
  • Individuals and others
Per centDec 2016Filed 20 JanMar 2017Filed 17 AprJun 2017Filed 20 JulSep 2017Filed 18 OctDec 2017Filed 17 JanMar 2018Filed 30 AprJun 2018Filed 6 AugSep 2018Filed 20 OctDec 2018Filed 21 JanMar 2019Filed 20 AprJun 2019Filed 19 JulSep 2019Filed 22 OctDec 2019Filed 31 JanMar 2020Filed 16 MayJun 2020Filed 21 JulSep 2020Filed 21 OctDec 2020Filed 20 JanMar 2021Filed 14 AprJun 2021Filed 16 JulSep 2021Filed 21 OctDec 2021Filed 21 JanMar 2022Filed 21 AprJun 2022Filed 21 JulSep 2022Filed 20 OctDec 2022Filed 18 JanMar 2023Filed 21 AprJun 2023Filed 21 JulSep 2023Filed 11 OctDec 2023Filed 16 JanMar 2024Filed 17 AprJun 2024Filed 9 JulSep 2024Filed 17 OctDec 2024Filed 20 JanMar 2025Filed 11 AprJun 2025Filed 15 JulSep 2025Filed 16 OctDec 2025Filed 21 JanMar 2026Filed 21 AprJun 2026Filed 15 JulSep 2026Filed 19 Oct
56.00%56.00%56.00%56.00%56.00%56.00%56.00%56.00%34.71%24.59%24.59%24.59%24.59%24.59%24.59%0.13%69.85%69.85%64.62%64.62%64.62%66.24%65.41%65.41%65.41%65.41%65.41%57.47%56.07%56.07%56.07%54.71%54.71%55.25%54.85%54.85%54.87%54.39%53.51%53.99%
Indian promoters56.00%56.00%56.00%34.71%56.00%56.00%56.00%56.00%34.71%24.59%24.59%24.59%24.59%24.59%24.59%0.13%69.85%69.85%64.62%64.62%64.62%66.24%65.41%65.41%65.41%65.41%65.41%57.47%56.07%56.07%56.07%54.71%54.71%55.25%54.85%54.85%54.87%54.39%53.51%53.99%
Foreign promoters–––21.29%––––––––––––––––––––––––––0.00%0.00%0.00%0.00%––––––
44.00%44.00%44.00%44.00%44.00%44.00%44.00%44.00%65.29%75.41%75.41%75.41%75.41%75.41%75.41%99.87%30.15%30.15%35.38%35.38%35.38%33.76%34.59%34.59%34.59%34.59%34.59%42.53%43.93%43.93%43.93%45.29%45.29%44.75%45.15%45.15%45.13%45.61%46.49%46.01%
Promoter shares pledgedShare of the promoters' own shares0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%1.40%1.37%2.86%
Shares in issue3,50,0003,50,0003,50,0003,50,0003,50,0003,50,0003,50,0003,50,0003,50,0003,50,0003,50,0003,50,0003,50,0003,50,0003,50,0006,86,15,0006,86,15,0006,86,15,0007,41,64,8867,41,64,8867,41,64,8868,23,14,8868,33,64,8868,33,64,8868,33,64,8868,33,64,8868,33,64,88610,00,91,90010,25,91,90010,25,91,90010,25,91,90010,94,41,90010,94,41,90011,07,66,90011,39,91,90011,39,91,90011,39,91,90011,49,91,90011,96,81,90012,13,91,900
Shares locked in–––––––––––––––6,82,71,1506,82,71,1506,82,71,1507,38,21,0367,38,21,0365,33,96,0466,15,39,8866,25,89,8865,70,40,0005,70,40,0005,70,40,0005,44,40,0007,12,53,0742,59,13,0641,21,86,06496,00,0141,67,56,0641,67,56,0641,80,70,91479,11,05069,86,05069,10,15055,50,00083,40,00090,50,000
Promoters' shares locked in––––––––––––––––4,78,40,0004,78,40,0004,78,40,0004,78,40,0004,78,40,0105,44,40,0005,44,40,0005,44,40,0005,44,40,0005,44,40,0005,44,40,0005,75,26,07496,86,06496,86,06496,00,0141,20,36,0641,20,36,0641,33,50,91450,86,05050,86,05050,10,15026,50,00041,50,00056,50,000
Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. Pledged is the share of the promoters' own shares given to lenders as security. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.

Number of Balu Forge Industries shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

ShareholdersDec 2016Filed 20 JanMar 2017Filed 17 AprJun 2017Filed 20 JulSep 2017Filed 18 OctDec 2017Filed 17 JanMar 2018Filed 30 AprJun 2018Filed 6 AugSep 2018Filed 20 OctDec 2018Filed 21 JanMar 2019Filed 20 AprJun 2019Filed 19 JulSep 2019Filed 22 OctDec 2019Filed 31 JanMar 2020Filed 16 MayJun 2020Filed 21 JulSep 2020Filed 21 OctDec 2020Filed 20 JanMar 2021Filed 14 AprJun 2021Filed 16 JulSep 2021Filed 21 OctDec 2021Filed 21 JanMar 2022Filed 21 AprJun 2022Filed 21 JulSep 2022Filed 20 OctDec 2022Filed 18 JanMar 2023Filed 21 AprJun 2023Filed 21 JulSep 2023Filed 11 OctDec 2023Filed 16 JanMar 2024Filed 17 AprJun 2024Filed 9 JulSep 2024Filed 17 OctDec 2024Filed 20 JanMar 2025Filed 11 AprJun 2025Filed 15 JulSep 2025Filed 16 OctDec 2025Filed 21 JanMar 2026Filed 21 AprJun 2026Filed 15 JulSep 2026Filed 19 Oct
All shareholders1,5691,5641,5581,5611,5601,5611,5591,5711,5771,5861,5901,6031,6281,6341,6341,7031,6771,6811,8061,8162,6473,2093,9045,9866,4787,80612,12913,79818,05423,72329,41950,95566,31073,28377,24372,35170,44579,71183,99781,219
9999999962222222333333333333333333333333
Indian promoters9996999962222222333333333333333333333333
Foreign promoters–––3––––––––––––––––––––––––––0000––––––
1,5601,5551,5491,5521,5511,5521,5501,5621,5711,5841,5881,6011,6261,6321,6321,7011,6741,6781,8031,8132,6443,2063,9015,9836,4757,80312,12613,79518,05123,72029,41650,95266,30773,28077,24072,34870,44279,70883,99481,216
Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. A dash is a line the filing did not state.

Balu Forge Industries promoters

Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is JASPALSINGH PREHLADSINGH CHANDOCK, 49.80%. The filing names 2 more members with no shares.Promoter buying and selling

Holder
JASPALSINGH PREHLADSINGH CHANDOCKIndividuals and Hindu undivided families49.80%6,04,59,0243.10%4.38%
TRIMAAN JASPALSINGH CHANDOCKIndividuals and Hindu undivided families2.12%25,75,9000.00%58.23%
JAIKARAN JASPALSINGH CHANDOCKIndividuals and Hindu undivided families2.07%25,10,1500.00%59.76%
Pledged is the share of the holder's own shares pledged to a lender. Locked in is the share of the holder's own shares that cannot be sold yet, as after a listing or an allotment.

Largest public holders of Balu Forge Industries, filing by filing

Per cent, on the same shares as the split above.

HolderDec 2016Filed 20 JanMar 2017Filed 17 AprJun 2017Filed 20 JulSep 2017Filed 18 OctDec 2017Filed 17 JanMar 2018Filed 30 AprJun 2018Filed 6 AugSep 2018Filed 20 OctDec 2018Filed 21 JanMar 2019Filed 20 AprJun 2019Filed 19 JulSep 2019Filed 22 OctDec 2019Filed 31 JanMar 2020Filed 16 MayJun 2020Filed 21 JulSep 2020Filed 21 OctDec 2020Filed 20 JanMar 2021Filed 14 AprJun 2021Filed 16 JulSep 2021Filed 21 OctDec 2021Filed 21 JanMar 2022Filed 21 AprJun 2022Filed 21 JulSep 2022Filed 20 OctDec 2022Filed 18 JanMar 2023Filed 21 AprJun 2023Filed 21 JulSep 2023Filed 11 OctDec 2023Filed 16 JanMar 2024Filed 17 AprJun 2024Filed 9 JulSep 2024Filed 17 OctDec 2024Filed 20 JanMar 2025Filed 11 AprJun 2025Filed 15 JulSep 2025Filed 16 OctDec 2025Filed 21 JanMar 2026Filed 21 AprJun 2026Filed 15 JulSep 2026Filed 19 Oct
ENFORCEMENT DIRECTORATE RAIPURCentral government––––––––––––––––––––––––––––––––4.23%4.17%4.06%4.06%4.06%4.02%3.86%3.81%
EBISU GLOBAL OPPORTUNITIES FUND LIMITEDForeign portfolio investors, category I–––––––––––––––––––––––––––––––1.10%1.10%1.15%2.48%2.48%2.37%1.65%1.75%1.73%
ASHISH KACHOLIAResident individuals, over ₹2 lakh at face value–––––––––––––––––––––––––––2.16%2.11%2.14%2.14%1.82%1.73%1.68%1.64%1.64%1.64%1.64%1.58%1.56%
BENGAL FINANCE AND INVESTMENT PVT LTDCompanies–––––––––––––––––––––––––––2.16%2.11%2.11%2.11%1.74%1.60%1.26%1.23%1.23%1.23%1.22%1.17%1.15%
NOVA GLOBAL OPPORTUNITIES FUND PCC - TOUCHSTONEForeign portfolio investors, category I–––––––––––––––––––––––––––––––1.10%1.10%1.08%1.12%1.12%1.12%1.11%1.06%1.10%
HITESH NATWARLAL KAWAResident individuals, over ₹2 lakh at face value1.76%1.76%1.76%1.76%1.76%1.76%1.76%1.76%1.76%1.76%1.76%1.76%1.76%1.76%1.76%2.34%2.34%2.34%2.17%2.17%2.17%1.95%1.72%1.21%1.13%1.13%1.13%1.04%1.02%1.21%1.21%1.52%1.46%1.36%1.31%1.31%1.31%1.32%1.27%1.07%
SIXTEENTH STREET ASIAN GEMS FUNDForeign portfolio investors, category I––––––––––––––––––––––––––––2.44%2.44%2.44%2.28%2.56%2.53%2.46%2.46%2.46%1.15%––
L7 HITECH PRIVATE LIMITEDCompanies––––––––––––––––––––––––––––––––––––1.74%–––
SHREM INVESTMENTS PRIVATE LIMITEDCompanies–––––––––––––––––––––––––––1.50%1.46%1.46%1.46%1.32%1.10%–––––––
CATERFIELD GLOBAL DMCCForeign portfolio investors, category II––––––––––––––––––––––––––2.27%1.89%1.85%1.85%1.85%1.73%––––––––
ECOTEK GENERAL TRADING L.L.CForeign portfolio investors, category II––––––––––––––––––––––––––1.74%1.59%1.55%1.55%1.55%1.46%––––––––
ZENITH MULTI TRADING DMCCForeign portfolio investors, category II–––––––––––––––––––––––––––1.13%1.11%1.11%1.11%1.04%––––––––
RATHOD MANAGEMENT CONSULTANCY LLPCompanies–––––––––––––––––––––––––––1.15%1.12%1.12%1.11%–––––––––
NATWARLAL KESHAVJIBHAI KAWAResident individuals, over ₹2 lakh at face value––––––––––––––––––––––1.26%1.26%1.26%1.26%1.26%1.05%1.02%1.07%1.07%–––––––––
SAGEONE - FLAGSHIP GROWTH 2 FUNDAlternative investment funds–––––––––––––––––––––––––––1.80%1.75%1.64%––––––––––
VANAJA SUNDAR IYERResident individuals, over ₹2 lakh at face value–––––––––––––––––––––––––––1.80%1.75%–––––––––––
RASHMI NIMESH JOSHIResident individuals, over ₹2 lakh at face value–––––––––––––––1.31%1.31%1.31%1.21%1.21%1.19%1.81%1.79%1.74%1.58%1.27%1.33%1.07%1.03%–––––––––––
BRILLIANT INVESTMENT CONSULTANTS PRIVATE LTDCompanies––––––––––––––––––––––––––1.22%–––––––––––––
TANO INVESTMENT OPPORTUNITIES FUNDForeign portfolio investors, category I––––––––––––––––––11.18%11.18%11.18%10.07%9.94%9.94%9.94%6.23%1.01%–––––––––––––
DREAM ACHIEVER CONSULTANCY SERVICES PRIVATECompanies–––––––––––––––––––––––––2.29%––––––––––––––
3 SIGMA GLOBAL FUNDForeign portfolio investors, category I–––––––––––––––––––––1.55%1.53%1.53%1.53%1.45%––––––––––––––
HERMES CORPORATE ADVISORY PRIVATE LIMITEDCompanies–––––––––––––––1.05%1.05%1.05%1.14%1.14%1.14%1.51%1.49%1.32%1.20%–––––––––––––––
REENA KAUSHAL GOHILResident individuals, over ₹2 lakh at face value–––––––––––––––1.38%1.38%1.38%1.48%1.48%1.48%1.33%1.31%1.21%1.18%–––––––––––––––
DHRUVIL NIMESH JOSHIResident individuals, over ₹2 lakh at face value–––––––––––––––2.62%2.62%2.62%2.43%2.43%2.07%1.56%1.30%–––––––––––––––––
YOGESHKUMAR R SANGHAVIResident individuals, over ₹2 lakh at face value–––––––––––––––1.24%1.24%1.24%1.15%1.15%––––––––––––––––––––
Tano Investment Opportunities Fund( Formerly known as Nomisma Investment Opportunities Fund 1)Institutions Foreign Portfolio Investor–––––––––––––––10.93%10.93%10.93%––––––––––––––––––––––
JASPALSINGH P CHANDOCKResident individuals, over ₹2 lakh at face value–––––––––––––––69.72%––––––––––––––––––––––––
OMKAR ASHOK SHINDEResident individuals, up to ₹2 lakh at face value––––––––4.86%4.86%4.86%4.86%4.93%4.93%4.93%–––––––––––––––––––––––––
MAHESH KOMARAIAH EGURLAResident individuals, up to ₹2 lakh at face value––––––––4.86%4.89%4.89%4.89%4.89%4.89%4.89%–––––––––––––––––––––––––
DEEPAK DATTATREY TANDLEResident individuals, up to ₹2 lakh at face value––––––––4.86%4.86%4.86%4.86%4.86%4.86%4.86%–––––––––––––––––––––––––
PALAV SUBHASH RAMACHANDRAResident individuals, up to ₹2 lakh at face value––––––––4.04%4.04%4.04%4.04%4.04%4.04%4.04%–––––––––––––––––––––––––
ASHISHKUMAR NAROTTAMDAS DHAKANResident individuals, up to ₹2 lakh at face value––––––––––––––3.89%–––––––––––––––––––––––––
MAHADEVA B KAREResident individuals, up to ₹2 lakh at face value––––––––––––––3.44%–––––––––––––––––––––––––
GOPANI NARESHResident individuals, up to ₹2 lakh at face value––––––––––––––2.83%–––––––––––––––––––––––––
PALAV SMITA SUBHASHResident individuals, up to ₹2 lakh at face value––––––––2.53%2.53%2.53%2.53%2.53%2.53%2.53%–––––––––––––––––––––––––
DEVENDRA S SHAHResident individuals, up to ₹2 lakh at face value1.14%1.14%1.14%1.14%1.14%1.14%1.14%1.14%1.14%1.14%1.14%1.14%1.14%1.14%1.14%–––––––––––––––––––––––––
MAHESH SHIVAPUTRA BELLADResident individuals, up to ₹2 lakh at face value–––––––––3.41%3.41%3.41%3.41%–––––––––––––––––––––––––––
SHARADA SHIVAPUTRA BELLADResident individuals, up to ₹2 lakh at face value–––––––––2.83%2.83%2.83%2.83%–––––––––––––––––––––––––––
ARUNA PRASHANTH BELLADResident individuals, up to ₹2 lakh at face value–––––––––2.11%2.11%2.11%2.11%–––––––––––––––––––––––––––
SHILPA MAHESH BELLADResident individuals, up to ₹2 lakh at face value–––––––––1.77%1.77%1.77%1.77%–––––––––––––––––––––––––––
A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. A dash is a filing that did not name the holder, which includes holding under one per cent.