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Balu Forge Industries Ltd (BALUFORGE)

₹397.550.24%

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Overview
News
Financials
Q1 2024 Results
Technicals

Balu Forge Industries Ltd Share analysis

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹382.5
    ₹403.4
  • 52 Week's Low

    52 Week's High

    ₹222.85
    ₹429.3
1 Month Return+ 18.48 %
3 Month Return+ 67.21 %
1 Year Return+ 122.34 %
Previous Close₹396.60
Open₹395.10
Volume6.24L
Upper Circuit-
Lower Circuit-
Market Cap₹4,078.54Cr

Key Statistics

P/E Ratio40.52
PEG Ratio7.9
Market Cap₹4,078.54 Cr
P/B Ratio3.82
EPS4.67

Company Information

Bell Agro Machina Limited, formerly known as Amaze Entertech Limited, is a leading Public Limited Company incorporated in 1989 and based in Belagavi in Karnataka, India. The company is in the business of manufacturing steel forging products and is a preferred supplier of crankshafts for OEMs in India and around the world. It has long-established presence in over 80 countries and its production capabilities have been recognized with ISO/TS16949: 2009 accreditation. The company has developed a full range of components for leading Original Equipment Manufacturers and has supplied crankshafs to Defence Forces in two prominent European countries. In 2011 it installed high-tech production lines from Poland and France, increasing its capacity up to 30,000 fully finished crankshafts per month. In addition, it has also established a state-of-the-art RD center and a 3D printing center. It has adapted to the New Energy Era, producing components compliant with new Emission Regulations and new Energy Vehicles. Furthermore, the company has a large product portfolio supported by metallurgical labs, comprehensive tool rooms, and advanced process and inspection test facilities. To top this off, its proprietor Mr. Jaspalsingh Chandock recently agreed on a strategic vision for business expansion, resulting in a reverse merger and new name-change to Balu Forge Industries Limited. With the mission to do business with excellence, the company has asserted itself as a high-performance manufacturer and is now an approved vendor of over 25 OEs spread over 6 continents.

Share Price: ₹397.55 per share as on 19 Jul, 2024 04:01 PM
Market Capitalisation: ₹4,078.54Cr as of today
Revenue: ₹161.17Cr as on March 2024 (Q1 24)
Net Profit: ₹28.28Cr as on March 2024 (Q1 24)
Listing date: 29 Apr, 2024
Chairperson Name: Jaspalsingh Prehladsingh Chandock
OrganisationBalu Forge Industries Ltd
Headquarters
IndustryCastings, Forgings & Fastners
E-voting on sharesClick here to vote

Key events for Balu Forge Industries Ltd

  • Balu Forge Industries to Raise Rs. 496.80 Crore for Manufacturing Capacity and Capability - 16 Jul, 2024

    Balu Forge Industries is set to raise Rs. 496.80 crore through a combination of preferential issue of equity shares and fully convertible warrants to strengthen its manufacturing capacity and capability in the defence, railways, and aerospace sectors. The funds will be used for R&D initiatives and adding new capabilities to produce high-precision components for these industries.

  • Balu Forge Shares Hit New Lifetime High Before Profit-Booking Stress - 12 Jul, 2024

    Shares of Balu Forge Industries Ltd touched a new lifetime high of ₹429.30 per share before falling due to profit-booking stress. The company informed Indian exchanges about its plan to raise funds by issuing preferential shares, with a board meeting scheduled for July 16th. Ashish Kacholia owns 2.14% of the company's total paid-up capital.

  • Balu Forge Industries Stock Surges 9% to Hit New High - 11 Jul, 2024

    Shares of Balu Forge Industries surged 9% to hit a new high of Rs 415 in Thursday's intra-day trade. The stock has bounced back 86% from Rs 223 touched on June 6, driven by strong growth and successful acquisition of three forging lines. Investor Ashish Kacholia owns 2.19 million shares or 2.14% stake in BFIL. The company plans to invest heavily in defence production with key joint ventures/technology partnerships in the pipeline.

  • Balu Forge Industries Ltd Shares Hit All-Time High - 05 Jul, 2024

    Shares of Balu Forge Industries Ltd surged 6.95% to an all-time high of Rs 379.85 on the BSE, with a multibagger return of 129% in one year and 396% in two years. The Mumbai-based company manufactures forged metal components for various sectors like marine, industrial, agricultural, and automotive.

Insights on Balu Forge Industries Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 4 quarters, 112.49 Cr → 165.55 Cr (in ₹), with an average increase of 11.8% per quarter

  • imgPOSITIVE IMPACT

    Promoter Holding Up

    img

    Promoters have increased holdings from 56.07% to 57.06% in Jul 2024 quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 3 months, BALUFORGE stock has moved up by 67.2%

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 7 quarters, 4.83 Cr → 28.28 Cr (in ₹), with an average increase of 23.0% per quarter

  • imgPOSITIVE IMPACT

    Best in 1 Year

    img

    In the last 1 year, BALUFORGE has outperformed top 5 stocks with highest market-cap in Auto & Truck Manufacturers

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Mahindra & Mahindra Ltd has given 261.7% return, outperforming this stock by 205.7%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 33.99% to 33.23% in Jul 2024 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 8.51% to 8.32% in Jul 2024 quarter

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹161.17Cr
↑9.58%
Net Income
₹28.28Cr
↑11.12%
Net Profit Margin
17.55%
↑1.45%
2023Y/Y Change
Revenue
₹326.64Cr
↑14.18%
Net Income
₹38.91Cr
↑30.40%
Net Profit Margin
11.91%
↑14.19%
Value in ₹ crore
2023Y/Y Change
Total Assets
₹351.71Cr
↑23.35%
Total Liabilities
₹160.39Cr
↑27.38%
Value in ₹ crore
2023Y/Y Change
Operating Cash Flow
₹6.37Cr
↓111.08%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
57.06%
1.75
Foreign Institutions
8.32%
-2.24
Mutual Funds
0%
0.00
Retail Investors
33.23%
-2.24
Others
1.4%
-2.24

Key Indicators

Balu Forge Industries Ltd Valuation

Balu Forge Industries Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-17.78x)

September 15, 2021

Today (40.52x)

July 19, 2024

Industry (54.36x)

July 19, 2024

Highest (114.72x)

October 18, 2021

LowHigh

Earnings and Dividends

  • Balu Forge Industries Ltd Earnings Results

    Balu Forge Industries Ltd’s net profit jumped 85.56% since last year same period to ₹28.28Cr in the Q4 2023-2024. On a quarterly growth basis, Balu Forge Industries Ltd has generated 11.12% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • Balu Forge Industries Ltd Dividends November,2021

    In the quarter ending September 2021, Balu Forge Industries Ltd has declared dividend of ₹0.10 - translating a dividend yield of 0.03%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bullish

Balu Forge Industries Ltd is currently in a Bullish trading position according to technical analysis indicators.

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Balu Forge Industries Ltd (BALUFORGE) share price today is ₹397.55

Balu Forge Industries Ltd is listed on NSE

Balu Forge Industries Ltd is listed on BSE

  • Today’s highest price of Balu Forge Industries Ltd is ₹403.4.
  • Today’s lowest price of Balu Forge Industries Ltd is ₹382.5.

PE Ratio of Balu Forge Industries Ltd is 40.52

PE ratio = Balu Forge Industries Ltd Market price per share / Balu Forge Industries Ltd Earnings per share

Today’s traded volume of Balu Forge Industries Ltd(BALUFORGE) is 6.24L.

Today’s market capitalisation of Balu Forge Industries Ltd(BALUFORGE) is ₹4078.54Cr.

Balu Forge Industries Ltd(BALUFORGEPrice
52 Week High
₹429.3
52 Week Low
₹222.85

Balu Forge Industries Ltd(BALUFORGE) share price is ₹397.55. It is down -7.40% from its 52 Week High price of ₹429.3

Balu Forge Industries Ltd(BALUFORGE) share price is ₹397.55. It is up 78.39% from its 52 Week Low price of ₹222.85

Balu Forge Industries Ltd(BALUFORGEReturns
1 Day Returns
0.95%
1 Month Returns
18.48%
3 Month Returns
67.21%
1 Year Returns
122.34%