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Home › Company Intelligence › Balu Forge Industries Limited (BALUFORGE)
NSE: BALUFORGE MID_CAP Diversified REPORTED STATUTORY SOURCE • Data as of FY25 FRESH

Balu Forge Industries Limited

Units: ₹ Crores • Basis: Statutory Filing (Consolidated/Primary) • Reporting Period: FY25 • Source: SEBI_LODR_REG33_REPORTED_CYCLE_CR • Last Checked: 14 Oct 2026
FY25 Revenue ₹441 Cr
FY25 Net Profit ₹95.73 Cr
Reported EPS ₹8.99
Operating Margin 27.52%
Return on Equity 374.8%
ROCE 375.3%
Debt / Equity 0.09x
Net Profit Margin 21.71%
WHAT IS HAPPENING NOW • MATERIAL DEVELOPMENTS

Latest Earnings Released (Q1 FY27): Reported quarterly statutory revenue of ₹177.78 Cr with net profit of ₹37.79 Cr (EPS: ₹3.11).

Exchange Disclosure (2026-11-02): Press Release —

BUSINESS OVERVIEW & CORPORATE PROFILE

Official listing profile for Balu Forge Industries Limited under Diversified.

Official listing profile for Balu Forge Industries Limited under Diversified.

Key Offerings & Operating Lines:

Commercial & Industrial

Headquarters India
Incorporated N/A
Workforce N/A
Statutory Auditor N/A
Credit Rating N/A
SRK FUNDAMENTAL HEALTH SCORE Strong (71/100)
71 / 100
Algorithmic 5-pillar assessment calibrated against audited SEBI filings and historical balance sheets.
Pillar Score Breakdown
Revenue & Earnings Growth 18 / 20
Profitability & Margins 20 / 20
Solvency & Capital Structure 20 / 20
Cash Flow Quality 0 / 20
Capital Allocation & Valuation 13 / 20
Key Strengths
  • + Strong YoY revenue expansion (291.8%)
  • + High net earnings expansion (362.0%)
  • + Superior Return on Equity (374.8%)
  • + High net profit margin (21.7%)
  • + Robust operating profitability margin (27.5%)
Key Vigilance Points & Risks
  • • No severe solvency or structural stress flags detected.
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FINANCIAL PERFORMANCE • STATEMENT OF PROFIT & LOSS (IND-AS) Ind-AS • REPORTED EXCHANGE DATA
Multi-Year Revenue & Net Profit Trajectory (₹ Crores • Ind-AS)
₹0k₹0k₹0k₹0k₹0kRevenue: ₹113 CrNet Profit: ₹21 CrFY24Revenue: ₹441 CrNet Profit: ₹96 CrFY25RevenueNet Profit
Annual Financial Statements (₹ Crores • Ind-AS Normalized) Latest Period End: 31 Dec 2024 • Source: SEBI_LODR_REG33_REPORTED_CYCLE_CR
Annual Metric (₹ Cr)FY24
Mar 2024
FY25
Dec 2024
Sales / Revenue from Operations₹113₹441
Operating Profit (EBITDA)₹23₹121
Operating Profit Margin (OPM %)20.06%27.52%
Finance Costs / InterestN/AN/A
Depreciation & AmortizationN/AN/A
Profit Before Tax (PBT)₹27₹134
Net Profit (PAT)₹21₹96
Net Profit Margin (NPM %)18.41%21.71%
Basic / Diluted EPS (₹)₹2.02₹8.99
Cash from Operations (CFO)₹-18N/A
Free Cash Flow (FCF)₹-166N/A
Recent Quarterly Performance (₹ Crores • SEBI LODR Reg 33)Latest Quarter End: 30 Jun 2026 • Source: NSE_OFFICIAL_API
Quarterly Metric (₹ Cr)Q4 FY24
Mar 2024
Q1 FY25
Jun 2024
Q2 FY25
Sep 2024
Q3 FY25
Dec 2024
Q3 FY26
Dec 2025
Q4 FY26
Mar 2026
Q1 FY27
Jun 2026
Sales / Revenue₹113₹123₹157₹161₹176₹183₹178
Operating Profit (EBITDA)₹23₹31₹45₹46₹48₹55₹52
OPM %20.06%24.90%28.74%28.34%27.40%29.93%29.49%
Profit Before Tax (PBT)₹27₹32₹48₹55₹48₹55₹52
Net Profit (PAT)₹21₹24₹32₹40₹39₹45₹38
NPM %18.41%19.56%20.28%24.76%21.95%24.64%21.26%
Basic / Diluted EPS (₹)₹2.02₹2.34₹3.02₹3.63₹3.37₹3.85₹3.11
BALANCE SHEET & CASH FLOW INTELLIGENCE (₹ CRORES • AUDITED) Exchange Reported
Annual Balance Sheet Strength (₹ Crores • Schedule III Ind-AS)
Balance Sheet Item (₹ Cr)FY24FY25
Equity Share Capital₹103N/A
Reserves & Surplus₹450N/A
Net Worth (Shareholders' Funds)₹553N/A
Total Borrowings & Debt₹49N/A
Total Balance Sheet Assets₹712N/A
Cash Flow Statement (₹ Crores • Indirect Method)
Cash Flow Item (₹ Cr)FY24FY25
Cash Flow from Operating Activities (CFO)₹-18N/A
Cash Flow from Investing Activities (CFI)₹-148N/A
Cash Flow from Financing Activities (CFF)₹249N/A
Free Cash Flow / Net Cash Flow₹-166N/A
PROFITABILITY, RETURN & SOLVENCY RATIOS Derived from Verified Filings
Financial Ratio / Efficiency MetricFY24FY25
Operating Profit Margin (OPM)20.06%27.52%
Net Profit Margin (NPM)18.41%21.71%
Return on Equity (ROE)3.75%N/A
Return on Capital Employed (ROCE)3.75%N/A
Return on Assets (ROA)2.91%N/A
Debt to Equity Ratio0.09xN/A
Interest Coverage RatioN/AN/A
CFO to Net Profit Conversion-0.87xN/A
SHAREHOLDING INTELLIGENCE • INSTITUTIONAL FLOWS SEBI LODR Reg 31
HOLDING PATTERN
Promoter: 53.99%
FII: N/A
DII: N/A
Public: 46.01%
Pledged: 0.00%
Quarterly Shareholding Trend & Institutional Inflows
CategorySep 2026Jun 2026Feb 2026QoQ Shift
Promoter Holding53.99%53.51%53.17%+0.48%
Foreign Institutional (FII)N/A5.04%N/A—
Domestic Institutional (DII / MFs)N/A0.95%N/A—
Public & Retail46.01%36.64%46.83%+9.37%
Promoter Pledged Shares0.00%0.00%0.00%—
KEY MANAGEMENT & BOARD GOVERNANCE
EXECUTIVE Appointed: Nov 2020
Mr JASPALSINGH PEHLADSINGH CHANDOCK
Chairperson & Executive Director

DIN: 00813218 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

EXECUTIVE Appointed: Nov 2020
Mr TRIMAAN JASPALSINGH CHANDOCK
Not Applicable & Executive Director

DIN: 02853445 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

EXECUTIVE Appointed: Nov 2020
Mr JAIKARAN JASPALSINGH CHANDOCK
Not Applicable & Executive Director

DIN: 06965738 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

INDEPENDENT Appointed: Jun 2021
Mr RAGHVENDRA RAJ MEHTA
Not Applicable & Non-Executive - Independent Director

DIN: 01947378 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

INDEPENDENT Appointed: Jun 2021
Mr RADHEY SHYAM SONI
Not Applicable & Non-Executive - Independent Director

DIN: 07962657 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

INDEPENDENT Appointed: Jun 2021
Ms SHALU LAXMANRAJ BHANDARI
Not Applicable & Non-Executive - Independent Director

DIN: 00012556 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

CORPORATE ACTIONS & DIVIDEND TRACK RECORD
Latest Dividend Paid ₹0.15
LTM Total Dividend ₹44.35
Dividends Recorded 10 payouts
Corporate Action Disclosures (Dividends, Bonus & Splits)
TypeEx-DateRecord DateAmount / RatioDescription
DIVIDEND2026-09-18N/A₹0.15Dividend - Re 0.15 Per Share
DIVIDEND2026-09-182026-09-18₹0.15Final Dividend - Rs. - 0.1500
DIVIDEND2026-09-152026-09-15₹2.00Final Dividend - Rs. - 2.0000
DIVIDEND2026-09-152026-09-15₹7.00Final Dividend - Rs. - 7.0000
DIVIDEND2026-09-152026-09-15₹0.50Final Dividend - Rs. - 0.5000
DIVIDEND2026-09-152026-09-15₹5.00Final Dividend - Rs. - 5.0000
DIVIDEND2026-09-152026-09-15₹0.55Final Dividend - Rs. - 0.5500
DIVIDEND2026-09-152026-09-15₹25.00Final Dividend - Rs. - 25.0000
DIVIDEND2026-09-152026-09-15₹3.00Final Dividend - Rs. - 3.0000
CORPORATE_ACTION2026-09-152026-09-15N/ARight Issue of Equity Shares
DIVIDEND2026-09-152026-09-15₹1.00Final Dividend - Rs. - 1.0000
DIVIDEND2026-09-152026-09-15₹0.30Final Dividend - Rs. - 0.3000
DIVIDEND2025-09-19N/A₹0.15Dividend - Re 0.15 Per Share
CORPORATE_ACTION2024-09-20N/AN/AAnnual General Meeting
DIVIDEND2024-09-20N/A₹0.15Dividend - Rs 0.15 Per Share
REGULATORY FILINGS & EXCHANGE DISCLOSURES
Press Release 02 Nov 2026, 12:00 AM • NSE_OFFICIAL_API
Press Release

Certificate under SEBI (Depositories and Participants) Regulatio 17 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Certificate under SEBI (Depositories and Participants) Regulations, 2018

General Updates 16 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
General Updates

SHAREHOLDERS MEETING 03 Oct 2026, 03:58 PM • NSE_OFFICIAL_API
Shareholders meeting — Balu Forge Industries Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 30, 2026. Further, the company has informed the Exchange regarding voting results.

Balu Forge Industries Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 30, 2026. Further, the company has informed the Exchange regarding voting results.

Shareholders meeting 03 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Shareholders meeting

SHAREHOLDERS MEETING 30 Sep 2026, 01:58 PM • NSE_OFFICIAL_API
Shareholders meeting — Balu Forge Industries Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 30, 2026

Balu Forge Industries Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 30, 2026

Shareholders meeting 30 Sep 2026, 12:00 AM • NSE_OFFICIAL_API
Shareholders meeting

RESIGNATION OF DIRECTOR/KMP/SMP 26 Sep 2026, 05:19 PM • NSE_OFFICIAL_API
Resignation of Director/KMP/SMP — Balu Forge Industries Limited has informed the Exchange about Resignation of Director/KMP/SMP

Balu Forge Industries Limited has informed the Exchange about Resignation of Director/KMP/SMP

UNIFIED CORPORATE CHRONOLOGICAL TIMELINE
2026-11-02 Press Release • NSE_OFFICIAL_API
Press Release

2026-10-17 Certificate under SEBI (Depositories and Participants) Regulatio • NSE_OFFICIAL_API
Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-10-16 General Updates • NSE_OFFICIAL_API
General Updates

2026-10-03 Shareholders meeting • NSE_OFFICIAL_API
Shareholders meeting

2026-10-03 SHAREHOLDERS MEETING • NSE_OFFICIAL_API
Shareholders meeting — Balu Forge Industries Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 30, 2026. Further, the company has informed the Exchange regarding voting results.

Balu Forge Industries Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 30, 2026. Further, the company has informed the Exchange regarding voting results.

2026-09-30 Shareholders meeting • NSE_OFFICIAL_API
Shareholders meeting

2026-09-30 SHAREHOLDERS MEETING • NSE_OFFICIAL_API
Shareholders meeting — Balu Forge Industries Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 30, 2026

Balu Forge Industries Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 30, 2026

2026-09-30 SHAREHOLDING_FILING • NSE_OFFICIAL_API
Shareholding Pattern Filed: Q2 FY27

Quarterly distribution: Promoter 53.99% | FII N/A | DII N/A | Public 46.01%.

2026-09-26 Appointment • NSE_OFFICIAL_API
Appointment

2026-09-26 Change in Company Secretary/Compliance Officer • NSE_OFFICIAL_API
Change in Company Secretary/Compliance Officer

2026-09-26 General Updates • NSE_OFFICIAL_API
General Updates

2026-09-26 Resignation • NSE_OFFICIAL_API
Resignation

STATUTORY SOURCE PROVENANCE & VERIFICATION AUDIT TRAIL
BSE Official Filings (531112) ↗ NSE Official Quote (BALUFORGE) ↗

Every financial metric, balance-sheet balance, and shareholding breakdown displayed on this dossier is grounded in primary statutory filings submitted to Indian stock exchanges (SEBI LODR Regulations 31, 33, and 47). No data is manufactured, estimated, or interpolated.

Data Domain Reporting Period Statutory Source Ingestion Date Status Provenance Hash
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 03 Nov 2026, 13:12 VERIFIED d61afce2abe6...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 31 Oct 2026, 09:59 VERIFIED afc2fecd09ef...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 28 Oct 2026, 09:05 VERIFIED afc2fecd09ef...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 25 Oct 2026, 16:31 VERIFIED afc2fecd09ef...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 21 Oct 2026, 23:45 VERIFIED afc2fecd09ef...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 17 Oct 2026, 10:45 VERIFIED 5efa42a29df2...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 12 Oct 2026, 22:45 VERIFIED dc3e867c50e4...

DATA SOURCES, STATUTORY DISCLOSURES & METHODOLOGY

All corporate identifiers, listed equity data, shareholding patterns, and financial statements are extracted from official regulatory authorities: National Stock Exchange of India (NSE), BSE Limited, and Ministry of Corporate Affairs (MCA) via audited XBRL Ind-AS submissions under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulations 31, 33, and 47). Data is ingested and archived on official end-of-day (EOD) schedules with immutable provenance tracking.

Zero-Fabrication Policy: SRK Money Talk strictly enforces authentic data integrity. No financial values, debt levels, cash flows, or quarterly earnings are ever mathematically synthesized, interpolated, or fabricated. When statutory disclosures have not yet been filed or ingested, fields are strictly labeled as N/A or NOT_YET_AVAILABLE.

Statutory Disclaimer: The SRK Fundamental Health Score is a quantitative diagnostic algorithm based exclusively on historical audited filings and does not constitute an investment recommendation or financial advisory. Always consult a SEBI-registered investment adviser before making capital allocation decisions.