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22795.90

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75311.06

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Nifty
Sensex

:
:

22795.90
75311.06

-117.25 (-0.51%)
-424.90 (-0.56%)

Balu Forge Industries Ltd.

Engineering - Industrial Equipments

Rating :

N/A

BSE: 531112 | NSE: BALUFORGE

Watchlist

NSE BSE

643.55

06-Feb-2025

Open
High
Low
Previous Close

625.00
657.00
616.30
627.65

Volume
Traded Value (lacs)
52 Week High
52 Week Low

934514
6019.87
886.95
222.85

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

5,839.82
34.43
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

5,660.43
0.03%
6.01

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

-
354.55
25.08

EBITDA CAGR (%)

10 Years
5 Years
3 Years

-
333.43
26.31

PAT CAGR (%)

10 Years
5 Years
3 Years

141.38
341.55
46.42

P:E (Median)

8 Years
5 Years
3 Years

37.44
37.44
37.44

P:BV (Average)

8 Years
5 Years
3 Years

6.06
6.06
6.06

EV:EBITDA (Average)

8 Years
5 Years
3 Years

26.84
26.84
26.84

Earnings Forecasts:

Description 2024 2025 2026 2027
Adj EPS 7.02
P/E Ratio 104.39
Revenue 381
EBITDA 92
Net Income 67
ROA 13.1
P/Bk Ratio 14.46
ROE 18.88
FCFF -179.48
FCFF Yield -2.24

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Dec 24 Dec 23 Var% Sep 24 Sep 23 Var% Jun 24 Jun 23 Var% Mar 24 Mar 23 Var%
Net Sales 160.61 103.88 54.61% 157.38 102.03 54.25% 122.99 69.62 76.66% 112.55 83.50 34.79%
Expenses 112.15 78.09 43.62% 108.54 77.96 39.23% 90.19 54.27 66.19% 85.97 66.26 29.75%
EBITDA 48.45 25.79 87.86% 48.84 24.07 102.91% 32.81 15.35 113.75% 26.57 17.24 54.12%
EBIDTM 30.17% 24.83% 31.03% 23.59% 26.67% 22.05% 23.61% 20.64%
Other Income 9.41 1.86 405.91% 2.50 4.15 -39.76% 1.19 0.14 750.00% 4.48 0.18 2,388.89%
Interest 2.25 3.86 -41.71% 2.93 3.76 -22.07% 1.54 2.47 -37.65% 3.52 3.50 0.57%
Depreciation 0.69 0.37 86.49% 0.68 0.32 112.50% 0.65 0.32 103.12% 0.47 0.30 56.67%
PBT 54.91 23.43 134.36% 47.73 24.13 97.80% 31.80 12.71 150.20% 27.06 13.62 98.68%
Tax 15.16 4.75 219.16% 15.81 6.69 136.32% 7.75 2.40 222.92% 6.34 2.03 212.32%
PAT 39.76 18.68 112.85% 31.92 17.43 83.13% 24.06 10.31 133.37% 20.72 11.59 78.77%
PATM 24.75% 17.98% 20.28% 17.09% 19.56% 14.81% 18.41% 13.88%
EPS 3.63 1.71 112.28% 2.92 1.59 83.65% 2.20 0.94 134.04% 1.89 1.06 78.30%

Description Dec 24 Dec 23 Var% Sep 24 Sep 23 Var% Jun 24 Jun 23 Var% Mar 24 Mar 23 Var%
Net Sales 255.78 147.07 73.92% 222.88 139.22 60.09% 175.31 112.38 56.00% 161.17 123.78 30.21%
Expenses 188.08 114.36 64.46% 157.66 109.10 44.51% 132.10 90.49 45.98% 126.79 103.11 22.97%
EBITDA 67.70 32.71 106.97% 65.22 30.12 116.53% 43.20 21.90 97.26% 34.38 20.67 66.33%
EBIDTM 26.47% 22.24% 29.26% 21.64% 24.64% 19.48% 21.33% 16.70%
Other Income 9.57 1.62 490.74% 2.50 4.06 -38.42% 1.06 0.11 863.64% 4.38 0.55 696.36%
Interest 2.26 3.86 -41.45% 2.94 3.76 -21.81% 1.55 2.48 -37.50% 3.53 3.51 0.57%
Depreciation 0.85 0.51 66.67% 0.83 0.46 80.43% 0.80 0.46 73.91% 0.62 0.44 40.91%
PBT 74.16 29.95 147.61% 63.95 29.96 113.45% 41.91 19.07 119.77% 34.61 17.27 100.41%
Tax 15.16 4.75 219.16% 15.81 6.69 136.32% 7.75 2.40 222.92% 6.34 2.03 212.32%
PAT 59.00 25.21 134.03% 48.14 23.27 106.88% 34.17 16.67 104.98% 28.28 15.24 85.56%
PATM 23.07% 17.14% 21.60% 16.71% 19.49% 14.83% 17.55% 12.31%
EPS 5.39 2.46 119.11% 4.40 2.32 89.66% 3.33 2.00 66.50% 2.76 1.83 50.82%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description TTM Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15
Net Sales 553.53 388.08 269.06 285.06 142.09 0.20 0.18 0.20 0.12 0.05 0.00 Net Sales Growth 54.17% 44.24% -5.61% 100.62% 70945.00% 11.11% -10.0% 66.67% 140.0% 0 Cost Of Goods Sold 342.27 245.07 183.12 219.52 110.73 0.00 0.00 0.00 0.00 0.04 0.00 Gross Profit 211.26 143.01 85.94 65.54 31.36 0.20 0.18 0.20 0.12 0.01 0.00 GP Margin 38.17% 36.85% 31.94% 22.99% 22.07% 100% 100% 100% 100% 20.0% 0 Total Expenditure 396.85 296.30 226.55 247.42 129.84 0.14 0.13 0.11 0.16 0.14 0.08 Power & Fuel Cost - 0.06 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 % Of Sales - 0.02% 0% 0% 0% 0% 0% 0% 0% 0% 0 Employee Cost - 6.62 4.88 4.45 3.21 0.04 0.02 0.01 0.02 0.02 0.02 % Of Sales - 1.71% 1.81% 1.56% 2.26% 20.0% 11.11% 5.00% 16.67% 40.0% 0 Manufacturing Exp. - 2.90 1.21 0.38 2.29 0.00 0.00 0.00 0.01 0.00 0.00 % Of Sales - 0.75% 0.45% 0.13% 1.61% 0% 0% 0% 8.33% 0% 0 General & Admin Exp. - 10.49 9.15 8.96 7.60 0.08 0.09 0.09 0.12 0.08 0.05 % Of Sales - 2.70% 3.40% 3.14% 5.35% 40.0% 50.0% 45.00% 100% 160.0% 0 Selling & Distn. Exp. - 21.35 12.81 13.03 5.66 0.00 0.00 0.01 0.00 0.00 0.01 % Of Sales - 5.50% 4.76% 4.57% 3.98% 0% 0% 5.00% 0% 0% 0 Miscellaneous Exp. - 9.81 15.38 1.08 0.37 0.01 0.02 0.00 0.01 0.00 0.01 % Of Sales - 2.53% 5.72% 0.38% 0.26% 5.00% 11.11% 0% 8.33% 0% 0 EBITDA 156.67 91.78 42.51 37.64 12.25 0.06 0.05 0.09 -0.04 -0.09 -0.08 EBITDA Margin 28.30% 23.65% 15.80% 13.20% 8.62% 30.0% 27.78% 45.00% -33.33% -180.0% 0 Other Income 17.58 10.63 12.81 8.53 5.25 0.01 0.00 0.00 0.08 0.08 0.09 Interest 10.24 13.61 10.48 5.23 6.61 0.00 0.00 0.00 0.00 0.00 0.00 Depreciation 2.49 1.48 1.19 1.05 1.14 0.00 0.00 0.00 0.00 0.00 0.00 PBT 161.50 87.32 43.65 39.88 9.74 0.07 0.05 0.09 0.03 -0.02 0.01 Tax 45.06 20.17 11.65 9.24 2.12 0.03 -0.14 0.02 0.00 0.00 0.00 Tax Rate 27.90% 23.10% 26.69% 23.29% 21.77% 42.86% -280.00% 22.22% 0.00% 0.00% 0.00% PAT 116.46 67.14 31.99 30.44 7.62 0.04 0.19 0.07 0.03 -0.02 0.01 PAT before Minority Interest 116.46 67.14 31.99 30.44 7.62 0.04 0.19 0.07 0.03 -0.02 0.01 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 21.04% 17.30% 11.89% 10.68% 5.36% 20.0% 105.56% 35.00% 25.00% -40.0% 0 PAT Growth 100.76% 109.88% 5.09% 299.48% 18,950.00% -78.95% 171.43% 133.33% - - EPS 10.65 6.14 2.92 2.78 0.70 0.00 0.02 0.01 0.00 0.00 0.00

Description TTM Mar 24 Mar 23 Mar 22 Mar 21
Net Sales 815.14 559.86 326.64 286.08 142.09 Net Sales Growth 56.02% 71.40% 14.18% 101.34% Cost Of Goods Sold 534.99 376.32 226.80 220.28 110.73 Gross Profit 280.15 183.54 99.84 65.81 31.36 GP Margin 34.37% 32.78% 30.57% 23.00% 22.07% Total Expenditure 604.63 440.74 276.86 249.03 129.84 Power & Fuel Cost - 0.24 0.00 0.00 0.00 % Of Sales - 0.04% 0% 0% 0% Employee Cost - 12.31 6.83 4.45 3.21 % Of Sales - 2.20% 2.09% 1.56% 2.26% Manufacturing Exp. - 2.90 1.21 0.38 2.29 % Of Sales - 0.52% 0.37% 0.13% 1.61% General & Admin Exp. - 13.88 11.55 9.77 7.60 % Of Sales - 2.48% 3.54% 3.42% 5.35% Selling & Distn. Exp. - 24.40 15.99 13.07 5.66 % Of Sales - 4.36% 4.90% 4.57% 3.98% Miscellaneous Exp. - 10.70 14.48 1.08 0.37 % Of Sales - 1.91% 4.43% 0.38% 0.26% EBITDA 210.50 119.12 49.78 37.05 12.25 EBITDA Margin 25.82% 21.28% 15.24% 12.95% 8.62% Other Income 17.51 10.41 12.65 8.53 5.25 Interest 10.28 13.64 10.53 5.23 6.61 Depreciation 3.10 2.05 1.33 1.05 1.14 PBT 214.63 113.84 50.57 39.29 9.74 Tax 45.06 20.17 11.65 9.24 2.12 Tax Rate 20.99% 17.72% 23.04% 23.64% 21.77% PAT 169.59 93.67 38.91 29.84 7.62 PAT before Minority Interest 169.59 93.67 38.91 29.84 7.62 Minority Interest 0.00 0.00 0.00 0.00 0.00 PAT Margin 20.81% 16.73% 11.91% 10.43% 5.36% PAT Growth 110.96% 140.74% 30.40% 291.60% EPS 15.50 8.56 3.56 2.73 0.70

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15
Shareholder's Funds 520.11 191.32 159.24 77.51 0.35 0.30 0.11 0.05 0.02 0.03 Share Capital 102.59 83.36 82.31 68.61 0.35 0.35 0.35 0.35 0.35 0.35 Total Reserves 394.57 107.96 75.87 6.60 0.00 -0.05 -0.24 -0.30 -0.33 -0.32 Non-Current Liabilities 22.00 10.42 8.71 12.00 -0.12 -0.14 0.05 0.05 0.05 0.03 Secured Loans 24.84 11.69 7.43 10.35 0.00 0.00 0.00 0.00 0.00 0.00 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.05 0.05 0.05 0.03 Long Term Provisions 0.93 0.82 0.75 0.65 0.00 0.00 0.00 0.00 0.00 0.00 Current Liabilities 129.30 147.48 116.95 81.25 0.07 0.05 0.05 0.02 0.01 0.00 Trade Payables 79.06 57.36 45.08 47.56 0.00 0.00 0.00 0.00 0.00 0.00 Other Current Liabilities 17.93 45.03 25.36 26.55 0.07 0.03 0.03 0.02 0.00 0.00 Short Term Borrowings 15.53 33.43 37.75 7.00 0.00 0.00 0.00 0.00 0.00 0.00 Short Term Provisions 16.78 11.65 8.77 0.15 0.00 0.03 0.02 0.00 0.01 0.00 Total Liabilities 671.41 349.22 284.90 170.76 0.30 0.21 0.21 0.12 0.08 0.06 Net Block 51.54 42.93 42.36 42.41 0.00 0.00 0.03 0.03 0.03 0.04 Gross Block 55.06 44.97 43.61 43.56 0.00 0.00 0.06 0.06 0.06 0.06 Accumulated Depreciation 3.52 2.04 1.25 1.14 0.00 0.00 0.03 0.03 0.02 0.02 Non Current Assets 237.74 64.74 50.14 42.59 0.11 0.00 0.03 0.03 0.03 0.04 Capital Work in Progress 130.27 6.67 6.67 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Non Current Investment 0.30 0.32 0.32 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Loans & Adv. 55.62 14.81 0.79 0.18 0.11 0.00 0.00 0.00 0.00 0.00 Other Non Current Assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Current Assets 433.67 284.47 234.75 128.17 0.18 0.21 0.19 0.09 0.04 0.03 Current Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Inventories 80.82 33.71 40.80 19.94 0.00 0.00 0.00 0.00 0.00 0.00 Sundry Debtors 190.58 195.91 130.23 60.73 0.04 0.00 0.15 0.04 0.00 0.00 Cash & Bank 90.40 7.60 7.07 3.06 0.13 0.17 0.01 0.03 0.04 0.01 Other Current Assets 71.86 13.04 7.96 7.50 0.02 0.04 0.03 0.02 0.01 0.02 Short Term Loans & Adv. 59.56 34.21 48.70 36.95 0.01 0.04 0.03 0.02 0.01 0.02 Net Current Assets 304.36 137.00 117.80 46.92 0.12 0.16 0.14 0.07 0.04 0.03 Total Assets 671.41 349.21 284.89 170.76 0.29 0.21 0.22 0.12 0.07 0.07

Description Mar 24 Mar 23 Mar 22 Mar 21
Shareholder's Funds 552.96 197.63 158.63 77.51 Share Capital 102.59 83.36 82.31 68.61 Total Reserves 427.42 114.27 75.26 6.60 Non-Current Liabilities 22.00 10.42 8.71 12.00 Secured Loans 24.84 11.69 7.43 10.35 Unsecured Loans 0.00 0.00 0.00 0.00 Long Term Provisions 0.93 0.82 0.75 0.65 Current Liabilities 133.73 160.60 117.10 81.25 Trade Payables 80.58 65.50 45.22 47.56 Other Current Liabilities 20.84 50.01 25.37 26.55 Short Term Borrowings 15.53 33.43 37.75 7.00 Short Term Provisions 16.78 11.65 8.77 0.15 Total Liabilities 708.69 368.65 284.44 170.76 Net Block 56.75 48.30 42.36 42.41 Gross Block 60.98 50.47 43.61 43.56 Accumulated Depreciation 4.22 2.17 1.25 1.14 Non Current Assets 215.69 69.78 49.82 42.59 Capital Work in Progress 130.27 6.67 6.67 0.00 Non Current Investment 0.00 0.00 0.00 0.00 Long Term Loans & Adv. 28.66 14.81 0.79 0.18 Other Non Current Assets 0.00 0.00 0.00 0.00 Current Assets 493.00 298.86 234.62 128.17 Current Investments 0.00 0.00 0.00 0.00 Inventories 89.47 34.82 42.33 19.94 Sundry Debtors 218.50 210.52 128.96 60.73 Cash & Bank 90.87 7.90 7.12 3.06 Other Current Assets 94.16 13.27 8.88 7.50 Short Term Loans & Adv. 81.32 32.35 47.33 36.95 Net Current Assets 359.27 138.26 117.52 46.92 Total Assets 708.69 368.64 284.44 170.76

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15
Cash From Operating Activity 8.37 20.37 -57.47 17.33 0.04 0.21 -0.02 -0.01 0.00 -0.01 PBT 87.32 43.65 39.68 9.74 0.07 0.05 0.09 0.03 -0.02 0.01 Adjustment -0.80 9.25 -2.43 7.68 -0.01 0.02 0.00 0.00 0.00 0.00 Changes in Working Capital -75.40 -32.77 -96.80 2.03 -0.01 0.15 -0.10 -0.05 0.02 -0.02 Cash after chg. in Working capital 11.12 20.12 -59.55 19.45 0.05 0.21 -0.01 -0.01 0.00 -0.01 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -2.75 0.25 2.09 -2.12 -0.01 -0.01 -0.02 0.00 0.00 0.00 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -174.41 -15.76 -7.67 -3.23 0.00 0.01 0.00 0.00 0.00 0.00 Net Fixed Assets -133.69 -1.36 -6.72 -43.56 0.00 0.06 0.00 0.00 0.00 -0.01 Net Investments 0.02 0.00 -0.32 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Others -40.74 -14.40 -0.63 40.33 0.00 -0.05 0.00 0.00 0.00 0.01 Cash from Financing Activity 248.67 -5.63 68.64 -11.85 -0.09 -0.05 0.00 0.00 0.02 0.00 Net Cash Inflow / Outflow 82.62 -1.02 3.50 2.24 -0.05 0.17 -0.02 -0.01 0.02 -0.01 Opening Cash & Equivalents 4.84 5.87 2.37 0.13 0.17 0.01 0.03 0.04 0.01 0.02 Closing Cash & Equivalent 87.47 4.84 5.87 2.37 0.13 0.17 0.01 0.03 0.04 0.01

Description Mar 24 Mar 23 Mar 22 Mar 21
Cash From Operating Activity -17.97 26.16 -57.74 17.33 PBT 113.84 50.57 39.09 9.74 Adjustment 0.97 10.37 -2.44 7.68 Changes in Working Capital -130.03 -35.03 -96.47 2.03 Cash after chg. in Working capital -15.22 25.91 -59.82 19.45 Interest Paid 0.00 0.00 0.00 0.00 Tax Paid -2.75 0.25 2.09 -2.12 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 Cash From Investing Activity -147.87 -21.25 -7.67 -3.23 Net Fixed Assets -133.69 -1.36 -6.72 Net Investments 0.02 0.00 -0.32 Others -14.20 -19.89 -0.63 Cash from Financing Activity 248.64 -5.68 68.96 -11.85 Net Cash Inflow / Outflow 82.79 -0.77 3.55 2.24 Opening Cash & Equivalents 5.15 5.92 2.37 0.13 Closing Cash & Equivalent 87.94 5.15 5.92 2.37

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15
Book Value (Rs.) 48.46 22.95 19.22 10.96 9.93 8.70 3.28 1.45 0.45 0.95 ROA 13.16% 10.09% 13.36% 8.91% 16.15% 88.43% 40.03% 34.49% -23.91% 11.22% ROE 19.51% 18.31% 26.08% 20.17% 12.45% 90.54% 82.24% 104.70% -70.86% 24.52% ROCE 24.87% 24.14% 29.24% 32.13% 21.47% 22.16% 65.28% 37.95% -26.42% 16.77% Fixed Asset Turnover 7.76 6.08 6.54 3.35 0.00 0.00 3.44 2.07 0.78 0.00 Receivable days 181.75 221.22 122.25 75.90 72.25 0.00 176.21 135.35 0.00 0.00 Inventory Days 53.86 50.54 38.88 49.80 0.00 0.00 0.00 0.00 0.00 0.00 Payable days 101.59 102.10 77.02 156.78 0.00 0.00 6.12 5.05 0.50 0.00 Cash Conversion Cycle 134.02 169.66 84.12 -31.07 72.25 0.00 170.09 130.31 -0.50 0.00 Total Debt/Equity 0.10 0.27 0.29 0.32 0.00 0.00 0.44 0.99 3.22 0.93 Interest Cover 7.42 5.17 8.59 2.47 0.00 0.00 401.28 0.00 0.00 118.09

Description Mar 24 Mar 23 Mar 22 Mar 21
Book Value (Rs.) 51.66 23.71 19.14 10.96 ROA 17.39% 11.92% 13.11% 4.46% ROE 25.75% 21.91% 25.64% 10.13% ROCE 29.97% 26.91% 28.92% 16.12% Fixed Asset Turnover 10.05 6.94 6.56 3.35 Receivable days 139.85 189.67 121.01 151.71 Inventory Days 40.52 43.10 39.72 49.80 Payable days 70.85 89.10 76.87 156.78 Cash Conversion Cycle 109.52 143.68 83.85 44.73 Total Debt/Equity 0.09 0.26 0.30 0.32 Interest Cover 9.35 5.80 8.47 2.47

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Annual Reports:

News Update:

Balu Forge Industrie - Quarterly Results
7th Feb 2025, 18:19 PM

Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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