Balu Forge Industries, 531112, BALUFORGE Share Price, Rating, Research, Analysis, Fundamental & Historical Data

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

8,448.91
62.10
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

8,269.53
0.02%
9.25

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

36.18
36.18
36.18

P:BV (Average)

8 Years
5 Years
3 Years

5.92
5.92
5.92

EV:EBITDA (Average)

8 Years
5 Years
3 Years

26.02
26.02
26.02

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 Sep 24 Sep 23 Var% Jun 24 Jun 23 Var% Mar 24 Mar 23 Var% Dec 23 Dec 22 Var%
Net Sales 157.38 102.03 54.25% 122.99 69.62 76.66% 112.55 83.50 34.79% 103.88 73.69 40.97%
Expenses 108.54 77.96 39.23% 90.19 54.27 66.19% 85.97 66.26 29.75% 78.09 60.14 29.85%
EBITDA 48.84 24.07 102.91% 32.81 15.35 113.75% 26.57 17.24 54.12% 25.79 13.54 90.47%
EBIDTM 31.03% 23.59% 26.67% 22.05% 23.61% 20.64% 24.83% 18.38%
Other Income 2.50 4.15 -39.76% 1.19 0.14 750.00% 4.48 0.18 2,388.89% 1.86 3.43 -45.77%
Interest 2.93 3.76 -22.07% 1.54 2.47 -37.65% 3.52 3.50 0.57% 3.86 2.75 40.36%
Depreciation 0.68 0.32 112.50% 0.65 0.32 103.12% 0.47 0.30 56.67% 0.37 0.32 15.62%
PBT 47.73 24.13 97.80% 31.80 12.71 150.20% 27.06 13.62 98.68% 23.43 13.91 68.44%
Tax 15.81 6.69 136.32% 7.75 2.40 222.92% 6.34 2.03 212.32% 4.75 5.60 -15.18%
PAT 31.92 17.43 83.13% 24.06 10.31 133.37% 20.72 11.59 78.77% 18.68 8.30 125.06%
PATM 20.28% 17.09% 19.56% 14.81% 18.41% 13.88% 17.98% 11.26%
EPS 2.92 1.59 83.65% 2.20 0.94 134.04% 1.89 1.06 78.30% 1.71 0.76 125.00%

Description Sep 24 Sep 23 Var% Jun 24 Jun 23 Var% Mar 24 Mar 23 Var% Dec 23 Dec 22 Var%
Net Sales 222.88 139.22 60.09% 175.31 112.38 56.00% 161.17 123.78 30.21% 147.07 89.39 64.53%
Expenses 157.66 109.10 44.51% 132.10 90.49 45.98% 126.79 103.11 22.97% 114.36 71.89 59.08%
EBITDA 65.22 30.12 116.53% 43.20 21.90 97.26% 34.38 20.67 66.33% 32.71 17.51 86.81%
EBIDTM 29.26% 21.64% 24.64% 19.48% 21.33% 16.70% 22.24% 19.58%
Other Income 2.50 4.06 -38.42% 1.06 0.11 863.64% 4.38 0.55 696.36% 1.86 2.62 -29.01%
Interest 2.94 3.76 -21.81% 1.55 2.48 -37.50% 3.53 3.51 0.57% 3.86 2.76 39.86%
Depreciation 0.83 0.46 80.43% 0.80 0.46 73.91% 0.62 0.44 40.91% 0.51 0.32 59.38%
PBT 63.95 29.96 113.45% 41.91 19.07 119.77% 34.61 17.27 100.41% 30.20 17.06 77.02%
Tax 15.81 6.69 136.32% 7.75 2.40 222.92% 6.34 2.03 212.32% 4.75 5.60 -15.18%
PAT 48.14 23.27 106.88% 34.17 16.67 104.98% 28.28 15.24 85.56% 25.45 11.45 122.27%
PATM 21.60% 16.71% 19.49% 14.83% 17.55% 12.31% 17.31% 12.81%
EPS 4.40 2.32 89.66% 3.33 2.00 66.50% 2.76 1.83 50.82% 2.48 1.37 81.02%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Description TTM Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15
Net Sales 496.80 388.08 269.06 285.06 142.09 0.20 0.18 0.20 0.12 0.05 0.00 Net Sales Growth 51.08% 44.24% -5.61% 100.62% 70945.00% 11.11% -10.0% 66.67% 140.0% 0 Cost Of Goods Sold 311.42 245.07 183.12 219.52 110.73 0.00 0.00 0.00 0.00 0.04 0.00 Gross Profit 185.38 143.01 85.94 65.54 31.36 0.20 0.18 0.20 0.12 0.01 0.00 GP Margin 37.31% 36.85% 31.94% 22.99% 22.07% 100% 100% 100% 100% 20.0% 0 Total Expenditure 362.79 296.30 226.55 247.42 129.84 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 134.01 91.78 42.51 37.64 12.25 0.06 0.05 0.09 -0.04 -0.09 -0.08 EBITDA Margin 26.97% 23.65% 15.80% 13.20% 8.62% 30.0% 27.78% 45.00% -33.33% -180.0% 0 Other Income 10.03 10.63 12.81 8.53 5.25 0.01 0.00 0.00 0.08 0.08 0.09 Interest 11.85 13.61 10.48 5.23 6.61 0.00 0.00 0.00 0.00 0.00 0.00 Depreciation 2.17 1.48 1.19 1.05 1.14 0.00 0.00 0.00 0.00 0.00 0.00 PBT 130.02 87.32 43.65 39.88 9.74 0.07 0.05 0.09 0.03 -0.02 0.01 Tax 34.65 20.17 11.65 9.24 2.12 0.03 -0.14 0.02 0.00 0.00 0.00 Tax Rate 26.65% 23.10% 26.69% 23.29% 21.77% 42.86% -280.00% 22.22% 0.00% 0.00% 0.00% PAT 95.38 67.14 31.99 30.44 7.62 0.04 0.19 0.07 0.03 -0.02 0.01 PAT before Minority Interest 95.38 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 19.20% 17.30% 11.89% 10.68% 5.36% 20.0% 105.56% 35.00% 25.00% -40.0% 0 PAT Growth 100.25% 109.88% 5.09% 299.48% 18,950.00% -78.95% 171.43% 133.33% - - EPS 8.72 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 706.43 559.86 326.64 286.08 142.09 Net Sales Growth 52.00% 71.40% 14.18% 101.34% Cost Of Goods Sold 463.13 376.32 226.80 220.28 110.73 Gross Profit 243.30 183.54 99.84 65.81 31.36 GP Margin 34.44% 32.78% 30.57% 23.00% 22.07% Total Expenditure 530.91 440.74 276.86 249.03 129.84 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 175.51 119.12 49.78 37.05 12.25 EBITDA Margin 24.84% 21.28% 15.24% 12.95% 8.62% Other Income 9.80 10.41 12.65 8.53 5.25 Interest 11.88 13.64 10.53 5.23 6.61 Depreciation 2.76 2.05 1.33 1.05 1.14 PBT 170.67 113.84 50.57 39.29 9.74 Tax 34.65 20.17 11.65 9.24 2.12 Tax Rate 20.30% 17.72% 23.04% 23.64% 21.77% PAT 136.04 93.67 38.91 29.84 7.62 PAT before Minority Interest 136.04 93.67 38.91 29.84 7.62 Minority Interest 0.00 0.00 0.00 0.00 0.00 PAT Margin 19.26% 16.73% 11.91% 10.43% 5.36% PAT Growth 104.17% 140.74% 30.40% 291.60% EPS 12.44 8.56 3.56 2.73 0.70

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

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

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

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

Top Investors:

sixteenth street asian gems fund

ashish kacholia

bengal finance and investment pvt ltd

caterfield global dmcc

hitesh natwarlal kawa

ecotek general trading l.l.c

shrem investments private limited

nova global opportunities fund pcc - touchstone

ebisu global opportunities fund limited

zenith multi trading dmcc

Annual Reports:

News Update:

Balu Forge Industrie - Quarterly Results
21st Oct 2024, 19:51 PM

Read More
Balu Forge Industries acquires 7 Axis CNC machines
24th Sep 2024, 14:57 PM

This new acquisition consists of 7 Axis CNC machines from a prominent German manufacturer
Read More

Balu Forge Industries Ltd.

Engineering - Industrial Equipments

BSE: 531112 | NSE: BALUFORGE

Stock Summary

Chart

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

Revenue CAGR (%)

EBITDA CAGR (%)

PAT CAGR (%)

P:E (Median)

P:BV (Average)

EV:EBITDA (Average)

Earnings Forecasts:

Quarterly Results

Consolidated Figures in Rs. Crores /

Annual Results

Standalone Figures in Rs. Crores /

Results Balance Sheet

Standalone Figures in Rs. Crores /

Cash Flow

Standalone Figures in Rs. Crores /

Financial Ratios

Standalone /

Top Investors:

Annual Reports:

News Update:

Balu Forge Industries Ltd.

Engineering - Industrial Equipments

BSE: 531112 | NSE: BALUFORGE

Stock Summary

Shareholding Pattern

Chart

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

Revenue CAGR (%)

EBITDA CAGR (%)

PAT CAGR (%)

P:E (Median)

P:BV (Average)

EV:EBITDA (Average)

Earnings Forecasts:

Quarterly Results

Consolidated Figures in Rs. Crores /

Annual Results

Standalone Figures in Rs. Crores /

Results Balance Sheet

Standalone Figures in Rs. Crores /

Cash Flow

Standalone Figures in Rs. Crores /

Financial Ratios

Standalone /

Top Investors:

Annual Reports:

News Update: