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Balu Forge share price & results

Balu Forge· Capital Goods· Industrials

Results to
Jun 2026
Ownership as of
Sept 2026

Forges & precision-machines components for global OEMs across auto, defence, aerospace, rail and energy.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue301 ₹ crore+29.2% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin28.0 %−3.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit66.0 ₹ crore+15.8% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity20.25 %−5.8 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin-29.09 %−0.1 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)19.76 %−45.2 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Price

₹440.55 +3.76% · +₹15.95

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −26.4% 1Y

₹400₹500₹600Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26

1Y: ₹598.75 on 24 Oct 2025 → ₹440.55. High ₹653.4 (15 Dec 2025), low ₹356.3 (28 Jan 2026).

Previous close
₹424.6
Market cap
₹5.2k Cr
52-week range
₹356.3 – ₹653.4
One year
−27.72%
Price to earnings (TTM to Jun 2026)
19.23×
Return on equity (TTM to Jun 2026)
20.25%

Overview

Symbol
NSE:BALUFORGE
Industry
Industrials
Exchange
NSE
Currency
INR

What Balu Forge does

Based on the company's own presentations, annual report and earnings calls.

Balu Forge Industries manufactures forged and precision-machined components (crankshafts, railway wheels, turbine blades, empty shells, brake and chassis parts, hydraulic motors, lifting hooks and more) for original equipment manufacturers across automotive, defence, aerospace, railway, oil & gas, power generation, agriculture, earth-moving and industrial-machinery end-markets. It operates vertically integrated forging, heat-treatment and machining lines and earns revenue by supplying finished precision components under long-term OEM and defence supply contracts, mostly on an Ex-Works export basis. The company is expanding into higher-value defence and aerospace components, including large-calibre ammunition (empty shells) and has entered the NATO supply chain and secured its first aerospace order (Alpha Aircraft Systems Inc., USA).

Segments

  • Auto Components
  • Non-Auto Components
Manufacturing facilities
4 units (3 in Karnataka, India + 1 in UAE)
Installed machining capacity
80,000+ MTPA (22,000+ MTPA Belgaum + 58,000+ MTPA Hattargi)
Installed forging capacity
100,000+ MTPA at Hattargi, being expanded to 1,50,000+ MTPA
Global OEM customers
25+ OEMs across 80+ countries
Dedicated R&D team
75 personnel
Product approvals in defence/aerospace/railways
180+ products approved
Founded 1989 Company website

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