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Balu Forge Industries Ltd Performance

Today's Low
311.10
arrowIcon
Today's High
317.75
52 Wk Low
268.00
arrowIcon
52 Wk High
317.70


Open

314.95

Traded Value (Cr)

4.27

Prev. Close

313.4

Face Value

10

Volume

136122

Balu Forge Industries Ltd Fundamentals

Market Cap
₹ 3212.15 Cr
P/E Ratio (TTM)
34.29
P/B Ratio
5.81
Debt to Equity
0.28
ROE
18.25
EPS (TTM)
9.13
Dividend Yield
0.00 %
Book Value
53.90

Click here to know more about Fundamentals

Balu Forge Industries Ltd Financials

Balu Forge Industries Ltd Financials

Balu Forge Industries Ltd Shareholding Pattern

Held By Apr 2024 Apr 2024 Mar 2024 Dec 2023
Promoters 56.07 % 56.07 % 56.07 % 56.07 %
Retail 19.84 % 20.38 % 19.32 % 19.39 %
Others 14.47 % 14.81 % 14.90 % 15.77 %
FII 9.62 % 8.74 % 9.71 % 8.77 %
Mutual Funds 0.00 % 0.00 % 0.00 % 0.00 %

Promoters

56.07%

Retail

19.84%

Others

14.47%

FII

9.62%

Mutual Funds

0.00%

Promoters

56.07%

Retail

20.38%

Others

14.81%

FII

8.74%

Mutual Funds

0.00%

Promoters

56.07%

Retail

19.32%

Others

14.90%

FII

9.71%

Mutual Funds

0.00%

Promoters

56.07%

Retail

19.39%

Others

15.77%

FII

8.77%

Mutual Funds

0.00%

Resistance and Support

₹314.08

PIVOT

resistance-arrow
Resistance
First Resistance₹317.067
Second Resistance₹320.733
Third Resistance₹323.717
support-arrow
Support
First Support₹310.417
Second Support₹307.433
Third Support₹303.767

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day630,278244,99053.03
Week461,987438,240-18.65
1 Month461,987176,196-18.65
6 Months9,494,7245,285,88056.74

About Balu Forge Industries Ltd

Bell Agro Machina Limited (formerly known as Amaze Entertech Limited) is a Public Limited Company, incorporated in March 17, 1989. The Company was founded under the leadership of Late Mr. Prehlad Singh Chandock. The Company is in the business of manufacturing of steel forging products. The Company is a preferred supplier of crankshafts to OEM's in India and around the world with manufacturing facilities at Belagavi in Karnataka. The Company was the first entity in India to mass-produce Crankshafts suitable for Tractor, Trucks and Passenger car applications. The Company developed a very extensive range of components for leading Original Equipment Manufacturers within India and the rest of the world & established a strong aftermarket presence in over 80 countries. The ISO/TS1 6949: 2009 accreditation of units in 2012 by TUV Nord Cert Gmbh added to competitive edge making Balu one of the very few companies to have this accreditation and symbolizing quality & excellence in the field of manufacturing crankshafts. The Company have the capability to forge any components via the closed die production route & offer the same as Raw Forged, Semi Finished, Fully Finished & Fully Assembled. It offer a range of Precision Machining Options & each process is tailored to the component in Production. It also secured & successfully supplied for over 5 years to Defense Forces in two prominent European Countries and executed supply as a single source to these nations. The Company's solution ranges from a range of products through the Space of BEVs /PHEVs /Hydrogen Vehicles. The process involved conventional automotive excellence partnered with the incremental innovation to offer minimum weight, maximum load-bearing capacity, high reliability & overall cost-effectiveness. A state of the art dedicated R&D Centre is presently under construction which will spread over 8000 Square Meters & serve as the backbone of the Company's new direction. The R&D center will also house Naya Energy Work's R&D Division. A number of new material chemistry have been worked on during the many R&D Projects to assess the material compositions & applications of newer metals. The New Energy Era has led to a number of opportunities & rise to newer applications of conventional metals with innovative manufacturing processes. The Company use a number of additive manufacturing methodologies for rapid prototyping & new product development. This ensures flexibility & speed in the New Product Development process & ensures a rapid development of New Prototypes. The use of 3D scanning also adds efficiency & speeds up the entire design & development process. The In-house infrastructure for 3D scanning can measure up to 5 Million points in 2 seconds & 7-20 pm accuracy. The Additive Manufacturing Centre also formulates a good foundation for company's venture in the Aerospace Industry with a large product portfolio that now is possible by the Additive Manufacturing Methodology. 3D printing also is a key area as part of in-house tool room strategy as key components from the manufacturing process can now be produced inhouse in the 3D printing center. The machining facilities are well supported with state-of-the-art Infrastructure namely, Comprehensive In-House Tool Room, Metallurgical Labs, Design & Process Facilities and Inspection & Tests Facilities. The Company is now an avant-garde manufacturer of fully finished and semi-finished forged crankshafts and other forged components. The Company's incremental innovation & continuous strive to improve has awarded by making the only company to have the capability to manufacture components conforming to the New Emission Regulations & the New Energy Vehicles. The Company continually strove to broaden manufacturing base and with the acquisition of state of the art production lines from Poland in the year 2006 and 2011 from France. Its capability has expanded to produce crankshafts up to 2.5 meters in length and the installed capacity has increased to 30,000 fully finished crankshafts per month. In 1991, the first range of component was manufactured and developed at the Company's factory. In 1995, the first component was exported to an overseas market by the Company. In the period of 1999-2004, the Company bagged the ACMA export award for excellence in exports. The Company purchased & installed the Ursus Manufacturing Plant from Ursus, Poland in the year 2006. In 2010, the Company purchased & installed the the Thyssenkrupp Plant from L'horme, France. In 2011, the company successfully achieved the milestone of building a presence in over 80 countries worldwide. In 2012, the Company got accredited with ISO/TS 16949:2009 accreditation from world renowned company TUV NORD. The Company coined Concurrent Engineering' to achieve better flexibility & speed in development of projects during the year 2013. In 2014, the company achieved manufacturing of 1000 crankshafts in a single day. In FY 2014-15, the Company delisted its shares from Bangalore Stock Exchange Limited vide its order dated 22nd August 2014. The Shares of the Company are listed and traded on BSE Limited. During FY 2014-15, the Company reduced the Capital of Company to Rs. 35,00,000 divided into 3,50,000 equity shares of Rs. 10/- each by canceling 31,50,000 equity shares of Rs. 10/- each aggregating to Rs. 3,15,00,000/- after receiving approval from the Hon'ble High Court of Bombay vide their order dated September 26, 2014. In 2015, the Company manufactured & supplied components on railways & military application. In 2016, the Company established as a second source to Bharat Forge in the manufacturing of crankshafts. The Company became a supplier of choice to over 25 OEs spread over 6 Continents in the year 2017. During the year 2017, the name of the Company was change from Bell Agro Machina Limited to Amaze Entertech Limited and the object clause of the Company was altered to include the Object Clauses related to Information Technology and allied areas of operations vide special resolution passed through postal ballot conducted pursuant to section 110 of the companies act, 2013, read with rule 22 of the companies (management and administration) rules, 2014 on January 17, 2017. In 2018, the Company set up operations at the newly acquired Forging Factory. The Company laid the foundation to establish a new 25 acre factory in Belgaum, Karnataka and sought birth of Naya Enery, with a focus on New Energy Solutions. In 2019, the Company achieved 100% in- house production & laid the foundation for the new 6400 T & 8000 Press lines. The Company became an approved vendor to the majority of the 41 Ordnance Factories, a part of Ordnance Factory Board in India and for supply of 181 Components to the above factories in FY 2020. The Company got accredited with the 14001: 2015 & ISO 45001: 2018 Certifications during the same period. Mr. Jaspalsingh Chandock (Proprietor of M/s. Balu India) had a strategic vision of expansion and to achieve the same, considered business expansion, through reverse merger of M/s. Balu India with Amaze Entertech Limited (the Company). During 2020-21, the Company vide Business Succession Agreement dated 3 August 2021 agreed to acquire the business of M/s Balu India, a sole proprietary concern of which the business was conducted by a Proprietor Mr. Jaspalsingh Chandock. The name of Amaze Entertech Limited changed to Balu Forge Industries Limited with effect from 30 September, 2020. In accordance with the terms and conditions set out in the agreement, in consideration for succession of the business, the Company has issued on preferential allotment basis and Mr. Jaspalsingh Chandock (the Proprietor of M/s. Balu India) has subscribed, 4,78,40,000 Equity Shares of the Company without cash consideration, on 24 September 2020, resulted in the proprietor own the majority of shares and control the majority of votes in the combined entity BFIL. The Company has also made preferential allotment of 2,04,25,000 equity shares of Rs. 10/- each for cash at par to the Non Promoters (Public Category). During the year 2021, the Board approved the investment in Safa Otomotiv FZ- LLC in Dubai as a wholly owned subsidiary .

Managing Director

1989

Founded

Jaspalsingh Prehladsingh Chandock

NSE Symbol

BALUFORGE

Balu Forge Industries Ltd Management

NameDesignation
Jaspalsingh Prehladsingh ChandockChairman & Managing Director
Trimaan Jaspalsingh ChandockWhole-time Director
Raghavendra Raj MehtaIndependent Director
Radhey Shyam SoniIndependent Director
Shalu BhandariIndependent Director
Jaikaran ChandockWhole-time Director

Balu Forge Industries Ltd News

Balu Forge posts nearly 86% YoY rise in Q4 PAT; EBITDA margin at 21.33%
Balu Forge Industries has reported 85.58% rise in net profit to Rs 28.28 crore on a 30.21% increase in revenue from operations to Rs 161.17 crore in Q4 FY24 as compared with Q4 FY23.
Balu Forge Industries consolidated net profit rises 85.56% in the March 2024 quarter
Sales rise 30.21% to Rs 161.17 crore
Balu Forge Industries to declare Quarterly Result
On 14 May 2024
Balu Forge Industries Ltd leads losers in 'B' group
Signpost India Ltd, Raj Oil Mills Ltd, Parshva Enterprises Ltd and Swelect Energy Systems Ltd are among the other losers in the BSE's 'B' group today, 29 April 2024.
Balu Forge Industries consolidated net profit rises 122.27% in the December 2023 quarter
Sales rise 64.54% to Rs 147.08 crore
Balu Forge Industries to hold board meeting
On 3 February 2024
Balu Forge Industries consolidated net profit rises 381.78% in the September 2023 quarter
Sales rise 124.55% to Rs 139.22 crore
Balu Forge Industries to declare Quarterly Result
On 31 October 2023
Balu Forge Industries to convene AGM
On 27 September 2023
Board of Balu Forge Industries approves issuance of warrants and preferential issue of shares
At meeting held on 04 September 2023

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Balu Forge Industries Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Balu Forge Industries Ltd shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. Balu Forge Industries Ltd's share price is ₹313.40 as of May 18, 2024 at 01:44 PM

Balu Forge Industries Ltd's P/E ratio is 34.29 times as of May 18, 2024 at 01:44 PM.

Balu Forge Industries Ltd's most recent financial reports indicate a price-to-book ratio of 5.81, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Balu Forge Industries Ltd's market is 3,212 Cr as on May 18, 2024 at 01:44 PM.

The current financial records of Balu Forge Industries Ltd show a 18.25% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

According to Balu Forge Industries Ltd's most recent financial filings, the company has a total asset value of Crores, which includes current and non-current assets such as inventory, cash, properties, and equipment.

The 52-week high/low price of a Balu Forge Industries Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. Balu Forge Industries Ltd's 52-week high and low as of May 18, 2024 at 01:44 PM are ₹317.7 and ₹317.7 respectively.

As of the Apr 2024 quarter, the promoter shareholding in Balu Forge Industries Ltd stands at 56.07%. During the same period, Institutional Investors have shown a slight increase in their holdings, rising from 8.74% to 9.62%.