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Balu Forge Industrie share price

Balu Forge Industries Ltd.

NSE: BALUFORGE BSE: 531112 SECTOR: Engineering - Industrial Equipments  54k   127   10

348.50
+20.85 (6.36%)
BSE: 02 Jul 04:01 PM

Price Summary

Today's High

₹ 359.85

Today's Low

₹ 326.6

52 Week High

₹ 351

52 Week Low

₹ 154.55

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationAttractive
The stock is considerably attractive based on intrinsic value.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

3575.33 Cr.

Enterprise Value

3619.06 Cr.

No. of Shares

10.26 Cr.

P/E

53.25

P/B

6.87

Face Value

₹ 10

Div. Yield

0 %

Book Value (TTM)

₹  50.7

CASH

7.6 Cr.

DEBT

51.33 Cr.

Promoter Holding

56.07 %

EPS (TTM)

₹  6.55

Sales Growth

-5.61%

ROE

18.31 %

ROCE

24.14%

Profit Growth

5.11 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year-5.61%
3 Year997.35%
5 Year322.57%

Profit Growth

1 Year5.11%
3 Year823.67%
5 Year242.3%

ROE%

1 Year18.31%
3 Year21.52%
5 Year33.51%

ROCE %

1 Year24.14%
3 Year28.5%
5 Year25.83%

Debt/Equity

0.2683

Price to Cash Flow

561.18

Interest Cover Ratio

5.16543714152105

CFO/PAT (5 Yr. Avg.)

0

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 56.07 0
Dec 2023 56.07 0
Sep 2023 57.47 0
Jun 2023 65.41 0
Mar 2023 65.41 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 823.667209686673% for the Past 3 years.
  • The company has shown a good revenue growth of 997.351604951181% for the Past 3 years.
  • Company has been maintaining healthy ROE of 21.5193402024674% over the past 3 years.
  • Company has been maintaining healthy ROCE of 28.5045883104985% over the past 3 years.
  • The company has a high promoter holding of 56.07%.

 Limitations

  • Company has high debtor days of 221.21797301923.
  • The company is trading at a high EV/EBITDA of 34.5041.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Net Sales 83.5 69.63 102.03 103.88 112.55
Total Expenditure 66.26 54.27 77.96 78.09 85.97
Operating Profit 17.24 15.35 24.07 25.79 26.57
Other Income 0.18 0.14 4.15 1.86 4.48
Interest 3.5 2.47 3.76 3.86 3.52
Depreciation 0.3 0.32 0.32 0.37 0.47
Exceptional Items 0 0 0 0 0
Profit Before Tax 13.62 12.71 24.13 23.43 27.06
Tax 2.03 2.4 6.69 4.75 6.34
Profit After Tax 11.59 10.31 17.44 18.68 20.72
Adjusted EPS (Rs) 1.39 1.24 1.74 1.82 2.02

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 0.18 0.2 142.09 285.06 269.06
Total Expenditure 0.13 0.14 129.84 247.42 226.55
Operating Profit 0.05 0.06 12.24 37.64 42.51
Other Income 0 0.01 5.25 8.53 12.81
Interest 0 0 6.61 5.23 10.48
Depreciation 0 0 1.14 1.05 1.19
Exceptional Items 0 0 0 -0.21 0
Profit Before Tax 0.05 0.07 9.74 39.68 43.65
Tax -0.14 0.03 2.12 9.24 11.65
Net Profit 0.19 0.04 7.62 30.44 31.99
Adjusted EPS (Rs.) 5.42 1.16 1.11 3.7 3.84

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 0.35 0.35 68.62 82.31 83.36
Total Reserves -0.05 0 8.9 76.92 107.96
Borrowings 0 0 10.35 7.43 11.69
Other N/C liabilities -0.14 -0.12 1.65 1.28 -1.28
Current liabilities 0.05 0.07 81.25 116.95 147.48
Total Liabilities 0.21 0.29 170.76 284.89 349.21
Assets
Net Block 0 0 42.41 42.36 42.93
Capital WIP 0 0 0 6.67 6.67
Intangible WIP 0 0 0 0 0
Investments 0 0 0 0.32 0.32
Loans & Advances 0 0.11 0.18 0.79 14.81
Other N/C Assets 0 0 0 0 0
Current Assets 0.21 0.18 128.17 234.75 284.47
Total Assets 0.21 0.29 170.76 284.89 349.21
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 0.05 0.07 9.74 39.68 43.65
Adjustment 0.02 -0.01 7.68 -2.43 9.25
Changes in Assets & Liabilities 0.15 -0.01 2.03 -96.8 -46.77
Tax Paid -0.01 -0.01 -2.12 2.09 0.25
Operating Cash Flow 0.21 0.04 17.33 -57.47 6.37
Investing Cash Flow 0.01 0 -3.23 -7.67 -1.77
Financing Cash Flow -0.05 -0.09 -11.85 68.64 -5.63
Net Cash Flow 0.17 -0.05 2.24 3.5 -1.02

Corporate Actions

Investors Details

PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
promoters 65.41 65.41 57.47 56.07 56.07
jaikaran jaspalsingh chan... 0.01 0.01 1.54 1.50 1.50
jaspalsingh prehladsingh ... 65.30 65.30 54.39 53.06 53.06
trimaan jaspalsingh chand... 0.09 0.09 1.54 1.50 1.50
PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
investors 34.59 34.59 42.53 43.93 43.93
ashish kacholia - - 2.16 2.11 2.14
bengal finance and invest... - - 2.16 2.11 2.11
caterfield global dmcc - 2.27 1.89 1.85 1.85
ecotek general trading l.... - 1.74 1.59 1.55 1.55
hitesh natwarlal kawa 1.13 1.13 1.04 1.02 1.21
natwarlal keshavjibhai ka... 1.26 1.26 1.05 1.02 1.07
rathod management consult... - - 1.15 1.12 1.12
sageone - flagship growth... - - 1.80 1.75 1.64
shrem investments private... - - 1.50 1.46 1.46
sixteenth street asian ge... - - - 2.44 2.44
zenith multi trading dmcc... - - 1.13 1.11 1.11
rashmi nimesh joshi 1.27 1.33 1.07 1.03 -
vanaja sundar iyer - - 1.80 1.75 -
brilliant investment cons... - 1.22 - - -
tano investment opportuni... 6.23 1.01 - - -
3 sigma global fund 1.45 - - - -
dream achiever consultanc... 2.29 - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

  • PresentationQ3FY22 23 Feb 2022

Company News

Balu Forge Industries acquires three forging lines of heavy forged products21 May 2024, 2:42PM Balu Forge Industrie - Quaterly Results14 May 2024, 9:45PM Balu Forge Industrie - Quaterly Results14 May 2024, 9:45PM Balu Forge Industries submits compliances-certificate 19 Apr 2024, 4:10PM Balu Forge Industries informs about details of loss of certificate16 Mar 2024, 4:27PM Balu Forge Industrie - Quaterly Results3 Feb 2024, 3:54PM Balu Forge Industrie - Quaterly Results3 Feb 2024, 3:54PM Balu Forge Industrie - Quaterly Results3 Feb 2024, 3:54PM Balu Forge Industrie - Quaterly Results31 Oct 2023, 7:44PM Balu Forge Industrie - Quaterly Results31 Oct 2023, 7:44PM Balu Forge Industries informs about allotment of equity shares7 Oct 2023, 3:57PM Balu Forge Industries informs about press release16 Aug 2023, 4:12PM Balu Forge Industrie - Quaterly Results11 Aug 2023, 6:53PM Balu Forge Industrie - Quaterly Results11 Aug 2023, 6:53PM Balu Forge Industries informs about outcome of EGM14 Jul 2023, 1:01PM Balu Forge Industries informs about EGM6 Jul 2023, 5:13PM Balu Forge Industrie - Quaterly Results9 May 2023, 8:01PM Balu Forge Industrie - Quaterly Results9 May 2023, 8:01PM Balu Forge Industries informs about disclosure24 Mar 2023, 2:29PM Balu Forge Industries secures major trial order to supply Powertrain sub-assemblies15 Mar 2023, 9:45AM Balu Forge Industries to set up manufacturing facility in Belgaum15 Feb 2023, 4:58PM Balu Forge Industrie - Quaterly Results14 Feb 2023, 6:37PM Balu Forge Industrie - Quaterly Results14 Feb 2023, 6:37PM Balu Forge Industrie - Quaterly Results14 Nov 2022, 8:01PM Balu Forge Industrie - Quaterly Results14 Nov 2022, 8:01PM Balu Forge Industries informs about press release11 Aug 2022, 4:48PM Balu Forge Industrie - Quaterly Results9 Aug 2022, 8:44PM Balu Forge Industrie - Quaterly Results9 Aug 2022, 8:44PM Balu Forge Industrie - Quaterly Results24 May 2022, 7:42PM Balu Forge Industrie - Quaterly Results24 May 2022, 7:42PM Balu Forge Industries gets nod for commencement of new business line15 Feb 2022, 9:29AM Balu Forge Industrie - Quaterly Results14 Feb 2022, 4:27PM Balu Forge Industrie - Quaterly Results14 Feb 2022, 4:27PM Balu Forge Industrie - Quaterly Results14 Feb 2022, 4:27PM Balu Forge Industries acquires Mercedes Benz truck precision machining factory from Mannheim18 Jan 2022, 4:55PM Balu Forge Industries informs about outcome of board meeting2 Nov 2021, 4:29PM Balu Forge Industrie - Quaterly Results2 Nov 2021, 1:30PM Balu Forge Industries board declares interim dividend 2 Nov 2021, 12:52PM Balu Forge Industries informs about board meeting26 Oct 2021, 12:02PM Balu Forge Industries informs about board meeting26 Oct 2021, 9:54AM Balu Forge Industries joins as signatory to United Nations Global Compact initiative31 Aug 2021, 1:00PM Balu Forge Industries informs about incorporation of new wholly owned subsidiary16 Jul 2021, 3:27PM Balu Forge Industries incorporates new wholly owned subsidiary company8 Jul 2021, 4:19PM Balu Forge Industries informs about press release8 Jun 2021, 12:05PM Balu Forge Industries signs MoU with Government of Karnataka8 Jun 2021, 11:09AM Balu Forge Industries informs about disclosure30 Apr 2021, 10:14AM Balu Forge Industries informs about change in contact details16 Apr 2021, 5:14PM Balu Forge Industries informs about disclosure8 Dec 2020, 10:27AM Systematix Corporate Services submits draft letter of offer14 Aug 2020, 12:16PM

Balu Forge Industrie Stock Price Analysis and Quick Research Report. Is Balu Forge Industrie an attractive stock to invest in?

Stock investing requires careful analysis of financial data to determine a company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement, which can be time-consuming and cumbersome.

Examining a company's financial ratios is an easier way to determine its performance, which can help to make sense of the overwhelming amount of information in its financial statements. 

Balu Forge Industrie stock price today is Rs 348.25. Here are a few indispensable ratios that should be a part of every investor’s research process, or, in simpler words, how to analyse Balu Forge Industrie . 

  • PE ratio: Price to Earnings ratio, which indicates how much an investor is willing to pay for a share for every rupee of earnings. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Balu Forge Industrie has a PE ratio of 53.207743197201 which is high and comparatively overvalued .

  • Share Price: - The current share price of Balu Forge Industrie is Rs 348.25. One can use valuation calculators of ticker to know if Balu Forge Industrie share price is undervalued or overvalued.

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Balu Forge Industrie has ROA of 10.0911455869236 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Balu Forge Industrie has a Current ratio of 1.92893468134014 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders' investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Balu Forge Industrie has a ROE of 18.3082246613376 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Balu Forge Industrie has a Debt to Equity ratio of 0.2683 which means that the company has low proportion of debt in its capital.

  • Sales growth: - Balu Forge Industrie has reported revenue growth of -5.6127875730553 % which is poor in relation to its growth and performance. 

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Balu Forge Industrie for the current financial year is 15.8004417629934 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Balu Forge Industrie is Rs 0 and the yield is 0 %.

  • Earnings Per Share: - It tells us how much profit is allocated to to each outstanding share of a common stock. The latest EPS of Balu Forge Industrie is Rs 6.5451 . The higher the EPS, the better it is for investors. 

One can find all the Financial Ratios of Balu Forge Industrie in Ticker for free. Also, one can get the intrinsic value of Balu Forge Industrie by using Valuation Calculators, which are available with a Finology ONE subscription. 

Last Updated on:
Brief about Balu Forge Industrie
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