Balu Forge Industries LimitedBALUFORGECorporate

Castings & Forgings Latest results: Jun 2026 15 quarters of data

₹480.70

MCap ₹5,835 Cr · P/E 37.0

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AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.

₹175 Cr

Sales · Jun 2026

+16.7% YoY

₹57 Cr

Operating Profit · Jun 2026

+17.7% YoY

32.8%

OPM % · Jun 2026

+0.9% YoY

₹38 Cr

Net Profit · Jun 2026

+11.0% YoY

₹3.11

EPS · Jun 2026

+3.3% YoY

📝 Balu Forge Industries Limited — results explained

Quarter ended June 2026 (Q1 FY27)

Balu Forge Industries Limited reported revenue of ₹175 crore for the quarter ended June 2026 (Q1 FY27), up 16.7% from ₹150 crore in the same quarter last year, and up 10.1% sequentially over the March 2026 quarter.

Net profit rose 11.0% year-on-year to ₹38 crore, from ₹34 crore. Earnings per share (EPS) came in at ₹3.11.

Operating profit stood at ₹57 crore — an operating margin (OPM) of 32.8%, compared with 32.5% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Balu Forge Industries Limited posted revenue of ₹647 crore, a growth of 8.2% over FY25, with a net profit of ₹154 crore (up 14.7% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹672 crore with a net profit of ₹158 crore.

Valuation snapshot

At the current price of ₹480.70, BALUFORGE has a market capitalisation of ₹5,835 crore and a trailing P/E of about 37.0.

Within the Castings & Forgings industry, it is the 3rd-largest of the 29 companies we track by market value.

Shareholding pattern

As of Mar 2026, promoters held 54.39%, foreign institutional investors (FIIs) 6.03%, domestic institutional investors (DIIs) 0.89%, the government 4.02%, public shareholders 34.68% of Balu Forge Industries Limited.

Promoter holding slipped from 54.87% to 54.39% over the latest period.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close

Valuation

Market Cap ?

₹5,835 Cr

Current Price ?

₹480.7

P/E ?

36.98above ind

Industry P/E ?

29.90

P/B ?

4.26

P/S ?

8.68

P/FCF ?

-26.65

Enterprise Value ?

₹5,987 Cr

EV/EBITDA ?

29.73

PEG ?

0.54

Earnings Yield ?

3.2%

Dividend Yield ?

0.03%

Profitability & Returns

Sales (TTM) ?

₹672 Cr

OPM ?

30.0%

Profit after tax (TTM) ?

₹158 Cr

EPS (TTM) ?

₹13.00

ROCE ?

17.0%

ROE ?

11.5%

ROA ?

9.8%

Growth

Sales — latest qtr ?

₹175 Cr

PAT — latest qtr ?

₹38 Cr

YoY qtr sales growth ?

16.7%

YoY qtr profit growth ?

11.0%

Sales growth (3y) ?

34%

Sales growth (5y) ?

35%

Profit growth (3y) ?

69%

Profit growth (5y) ?

82%

Financial Health

Debt ?

₹152 Cr

Debt to Equity ?

0.11

Interest Coverage ?

11.3

Current Ratio ?

N/A

Ownership

Promoter holding ?

54.39%

Change in promoter holding ?

-0.46%

Pledged percentage ?

N/A

Market

Return 3 months ?

7.1%

Return 6 months ?

-1.1%

🗓️ Quarterly results (15 quarters · ₹ Cr)

same fiscal quarter as Jun bestweakest per row · for costs (interest, NPAs) low is best Highlight

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	YoY %	QoQ %
Sales	74	83	70	102	104	113	123	157	161	158	150	167	171	159	175	+16.7%	+10.1%
Operating Profit	14	17	15	24	26	27	33	49	48	51	49	53	52	39	57	+17.7%	+47.2%
Other Income	3	0	0	4	2	4	1	2	9	4	2	3	4	24	3	+34.4%	-88.5%
Interest	3	4	2	4	4	4	2	3	2	4	2	4	5	5	5	+106.6%	-8.2%
Depreciation	0	0	0	0	0	0	1	1	1	1	2	2	3	3	3	+105.1%	+4.8%
Profit Before Tax	14	14	13	24	23	27	32	48	55	50	47	50	48	55	52	+11.4%	-4.7%
Net Profit	8	12	10	17	19	21	24	32	40	38	34	36	39	45	38	+11.0%	-16.0%
EPS	1.00	1.39	1.24	1.85	1.82	2.02	2.35	2.92	3.63	3.51	3.01	3.12	3.35	3.71	3.11	+3.3%	-16.2%
OPM %	18.4%	20.6%	22.1%	23.6%	25.0%	23.9%	26.8%	31.2%	30.2%	32.1%	32.5%	31.7%	30.4%	24.5%	32.8%	+0.9%	+33.9%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric	FY25	FY26	TTM	YoY %
Sales	₹598 Cr	₹647 Cr	₹672 Cr	+8.2%
Operating Profit	₹181 Cr	₹193 Cr	₹201 Cr	+6.5%
OPM %	30.26%	29.79%	29.97%	-1.6%
NPM %	22.45%	23.81%	23.48%	+6.1%
Other Income	₹17 Cr	₹33 Cr	₹34 Cr	+97.4%
Depreciation	₹3 Cr	₹10 Cr	₹11 Cr	+176.0%
Interest	₹11 Cr	₹16 Cr	₹19 Cr	+41.1%
EBIT	₹178 Cr	₹183 Cr	₹190 Cr	+3.2%
PBT	₹185 Cr	₹200 Cr	₹205 Cr	+8.3%
Tax	₹27 Cr	₹13 Cr	₹15 Cr	-51.0%
Net Profit	₹134 Cr	₹154 Cr	₹158 Cr	+14.7%
EPS	₹12.41	₹13.19	₹13.29	+6.3%
Material Cost	₹175 Cr	₹113 Cr	₹60 Cr	-35.4%
Employee Cost	₹7 Cr	₹4 Cr	₹5 Cr	-50.2%
Extraordinary Items	₹0 Cr	₹0 Cr	₹0 Cr	—

🏛️ Balance Sheet (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Equity Capital	83	103	111	121	+9.0%
Reserves	108	418	838	1,248	+48.9%
Borrowings	52	49	40	152	+280.0%
Other Liabilities	108	106	152	91	-40.1%
Total Liabilities	351	675	1,141	1,613	+41.4%
Fixed Assets	43	52	178	542	+204.5%
CWIP	7	130	417	274	-34.3%
Investments	0	0	0	0	—
Other Assets	301	493	545	797	+46.2%
Total Assets	351	675	1,141	1,613	+41.4%

💧 Cash Flow (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Cash from Operating Activity	20	8	148	-16	-110.8%
Cash from Investing Activity	-16	-174	-416	-333	+20.0%
Cash from Financing Activity	-6	249	274	341	+24.5%
Net Cash Flow	-1	83	5	-8	-260.0%
Free Cash Flow	5	-166	-268	-219	+18.3%
CFO/OP	47%	27%	101%	-1%	-101.0%

➗ Ratios (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Debtor Days	266	179	163	191	+17.2%
Inventory Days	67	120	73	106	+45.2%
Days Payable	114	118	112	49	-56.2%
Cash Conversion Cycle	219	182	124	248	+100.0%
Working Capital Days	176	201	135	180	+33.3%
ROCE %	24%	25%	25%	17%	-32.0%

👥 Shareholding (latest 4 periods)

Metric	Jun 2025	Sep 2025	Dec 2025	Mar 2026	% Chg
Promoters	54.85%	54.85%	54.87%	54.39%	-0.9%
FIIs	8.20%	8.33%	7.94%	6.03%	-24.1%
DIIs	0.86%	0.83%	0.80%	0.89%	+11.2%
Government	4.06%	4.06%	4.06%	4.02%	-1.0%
Public	32.03%	31.93%	32.34%	34.68%	+7.2%
No. of Shareholders	77,243	72,351	70,445	79,711	+13.2%

⚖️ Peer comparison

Industry: Castings & Forgings · top 25 of 29 companies · full page →

#	Company	CMP	MCap (Cr)	P/E	Sales TTM	NP TTM	OPM%	NPM%	Sales YoY%	NP YoY%	Qtr Rev Δ%	Qtr NP Δ%
1	RKFORGE Ramkrishna Forgings	₹696.60	12,902	118.6	4,440	107	15.9%	2.4%	3.9%	-87.3%	19.8%	297.7%
2	KENNAMET Kennametal India	₹4,311.90	9,477	48.4	1,511	195	20.1%	12.9%	18.0%	35.6%	48.0%	187.1%
3	BALUFORGE Balu Forge	₹510.90	6,202	22.4	1,176	268	26.6%	22.8%	20.0%	26.9%	29.0%	15.9%
4	ROLEXRINGS Rolex Rings	₹190.55	4,999	34.1	1,156	152	20.5%	13.2%	8.3%	-12.4%	4.4%	22.3%
5	ELECTCAST Electrosteel Castings	₹74.33	4,595	88.5	4,722	51	3.9%	1.1%	-27.0%	-83.2%	-22.2%	-93.1%
6	STEELCAS Steelcast	₹359.50	3,638	40.2	441	91	26.9%	20.5%	-94.8%	-93.6%	17.0%	19.3%
7	MMFL MM Forgings	₹604.60	2,919	9.7	1,630	113	16.7%	7.0%	4.2%	-19.3%	15.7%	78.1%
8	SUNCLAY Sundaram Clayton	₹1,195.60	2,636	10.5	2,106	251	4.8%	11.9%	-10.3%	304.8%	15.6%	-2.7%
9	544037 Amic Forging	₹1,199.40	2,487	45.2	142	28	30.3%	19.7%	—	—	29.3%	23.1%
10	504786 Investment & Precision	₹1,136.50	1,352	77.9	197	15	18.1%	7.4%	14.2%	93.7%	18.9%	129.9%
11	ALICON Alicon Castalloy	₹715.30	1,169	31.9	1,931	37	10.4%	1.9%	5.2%	-22.1%	38.3%	22.9%
12	NELCAST Nelcast	₹119.61	1,044	25.3	1,338	41	7.3%	3.1%	6.1%	29.9%	2.8%	-58.9%
13	SGIL Synergy Green	₹613.95	954	—	358	-9	9.2%	-2.4%	1.1%	-72.4%	-10.2%	-395.9%
14	TIRUPATIFL Tirupati Forge	₹69.70	824	142.2	168	6	9.8%	3.6%	41.3%	-19.9%	18.0%	-13.6%
15	517449 Magna Electro	₹466.80	578	12.7	199	16	15.5%	7.8%	11.3%	-20.1%	4.7%	-44.0%
16	KALYANIFRG Kalyani Forge	₹940.15	342	27.6	237	12	13.8%	5.2%	-0.8%	12.0%	4.2%	218.5%
17	508875 Nitin Castings	₹746.25	226	50.5	139	8	6.9%	5.5%	-2.3%	-14.3%	-23.2%	-53.1%
18	PRITIKA Pritika Engineer	₹79.10	209	23.6	183	9	12.7%	4.8%	42.1%	37.4%	42.4%	47.2%
19	517372 Gujarat Intrux	₹403.65	150	13.2	70	10	20.5%	15.0%	5.2%	-2.6%	8.0%	9.5%
20	SCML Sharp Chucks	₹123.20	149	18.8	274	9	12.0%	3.3%	—	—	28.2%	0.0%
21	513369 Krishanveer Forge	₹93.87	144	9.1	88	11	13.9%	12.9%	7.5%	101.6%	-6.4%	-3.6%
22	DCM DCM	₹76.27	142	—	54	-6	-4.8%	-10.4%	-21.4%	-128.2%	13.5%	-137.5%
23	543229 Samrat Forgings	₹300.05	108	32.8	201	5	8.4%	2.3%	6.2%	-13.9%	-4.8%	17.8%
24	PATTECH Pattech Fitwell	₹97.95	92	49.0	60	2	6.7%	3.1%	—	—	2.1%	284.6%
25	513418 Smiths & Founders	₹5.11	92	32.4	14	1	8.2%	9.6%	5.9%	-4.3%	-0.2%	-1.6%

❓ Frequently asked questions

What was Balu Forge Industries Limited's revenue in Q1 FY27?

What was Balu Forge Industries Limited's net profit in Q1 FY27?