WEBSITE BSE:531112 NSE: BALUFORGE Inc. Year: 1989 Industry: Forgings My Bucket: Add Stock
Last updated: 15:59
Balu Forge Industries Ltd, previously Amaze Entertech Ltd, is an primarily India-based organisation. The Company is engaged in providing services in the regions of IT and allied operations on its personal or joint ventures with others. The Company trades into Job work Services and Information Technology business section.
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Market Cap ₹5585 Cr.
Stock P/E 27.4
P/B 3.5
Current Price ₹460.1
Book Value ₹ 130.7
Face Value 10
52W High ₹784
Dividend Yield 0.03%
52W Low ₹ 341.4
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 139 | 147 | 161 | 175 | 223 | 256 | 270 | 233 | 300 | 311 |
| Other Income | 4 | 2 | 4 | 1 | 2 | 10 | 4 | 2 | 3 | 4 |
| Total Income | 143 | 149 | 165 | 176 | 225 | 265 | 274 | 235 | 303 | 316 |
| Total Expenditure | 109 | 114 | 127 | 132 | 158 | 188 | 195 | 161 | 217 | 227 |
| Operating Profit | 34 | 34 | 39 | 44 | 68 | 77 | 79 | 74 | 86 | 89 |
| Interest | 4 | 4 | 4 | 2 | 3 | 2 | 4 | 2 | 4 | 5 |
| Depreciation | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 3 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 30 | 30 | 34 | 42 | 64 | 74 | 74 | 70 | 80 | 81 |
| Provision for Tax | 7 | 5 | 6 | 8 | 16 | 15 | 11 | 13 | 15 | 10 |
| Profit After Tax | 23 | 25 | 28 | 34 | 48 | 59 | 63 | 57 | 65 | 71 |
| Adjustments | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | -0 |
| Profit After Adjustments | 23 | 25 | 28 | 34 | 48 | 59 | 63 | 57 | 65 | 71 |
| Adjusted Earnings Per Share | 2.3 | 2.5 | 2.7 | 3.3 | 4.4 | 5.4 | 5.7 | 5 | 5.7 | 6.2 |
| #(Fig in Cr.) | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|
| Net Sales | 142 | 286 | 327 | 560 | 924 | 1114 |
| Other Income | 5 | 9 | 13 | 10 | 22 | 13 |
| Total Income | 147 | 295 | 339 | 570 | 946 | 1128 |
| Total Expenditure | 130 | 249 | 277 | 441 | 677 | 800 |
| Operating Profit | 17 | 46 | 62 | 129 | 268 | 328 |
| Interest | 7 | 5 | 11 | 14 | 11 | 15 |
| Depreciation | 1 | 1 | 1 | 2 | 3 | 8 |
| Exceptional Income / Expenses | 0 | -0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 10 | 39 | 51 | 114 | 254 | 305 |
| Provision for Tax | 2 | 9 | 12 | 20 | 50 | 49 |
| Profit After Tax | 8 | 30 | 39 | 93 | 204 | 256 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 8 | 30 | 39 | 93 | 204 | 256 |
| Adjusted Earnings Per Share | 1.1 | 3.6 | 4.7 | 9.1 | 18.4 | 22.6 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 65% | 48% | 0% | 0% |
| Operating Profit CAGR | 108% | 80% | 0% | 0% |
| PAT CAGR | 119% | 89% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -21% | 69% | 16% | 27% |
| ROE Average | 27% | 25% | 22% | 22% |
| ROCE Average | 31% | 29% | 27% | 27% |
| #(Fig in Cr.) | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Shareholder's Funds | 78 | 159 | 198 | 553 | 1053 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 10 | 7 | 12 | 25 | 16 |
| Other Non-Current Liabilities | 2 | 1 | -1 | -3 | -1 |
| Total Current Liabilities | 81 | 117 | 161 | 134 | 182 |
| Total Liabilities | 171 | 284 | 369 | 709 | 1250 |
| Fixed Assets | 42 | 42 | 48 | 57 | 183 |
| Other Non-Current Assets | 0 | 7 | 21 | 159 | 500 |
| Total Current Assets | 128 | 235 | 299 | 493 | 568 |
| Total Assets | 171 | 284 | 369 | 709 | 1250 |
| #(Fig in Cr.) | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 2 | 6 | 5 | 88 |
| Cash Flow from Operating Activities | 17 | -58 | 26 | -32 | 148 |
| Cash Flow from Investing Activities | -3 | -8 | -21 | -134 | -417 |
| Cash Flow from Financing Activities | -12 | 69 | -6 | 249 | 274 |
| Net Cash Inflow / Outflow | 2 | 4 | -1 | 83 | 5 |
| Closing Cash & Cash Equivalent | 2 | 6 | 5 | 88 | 93 |
| # | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 1.11 | 3.63 | 4.67 | 9.11 | 18.4 |
| CEPS(Rs) | 1.28 | 3.75 | 4.83 | 9.31 | 18.71 |
| DPS(Rs) | 0 | 0.1 | 0 | 0.15 | 0.15 |
| Book NAV/Share(Rs) | 10.96 | 19.14 | 23.71 | 51.66 | 86.98 |
| Core EBITDA Margin(%) | 8.38 | 12.95 | 15.24 | 21.28 | 26.67 |
| EBIT Margin(%) | 11.19 | 15.49 | 18.7 | 22.74 | 28.68 |
| Pre Tax Margin(%) | 6.67 | 13.66 | 15.48 | 20.3 | 27.49 |
| PAT Margin (%) | 5.21 | 10.43 | 11.91 | 16.7 | 22.07 |
| Cash Profit Margin (%) | 6 | 10.8 | 12.32 | 17.07 | 22.43 |
| ROA(%) | 4.46 | 13.11 | 11.92 | 17.36 | 20.81 |
| ROE(%) | 10.13 | 25.64 | 21.91 | 25.7 | 27.3 |
| ROCE(%) | 16.12 | 28.92 | 26.91 | 29.93 | 31.33 |
| Receivable days | 151.71 | 121.01 | 189.67 | 139.85 | 107.84 |
| Inventory Days | 49.8 | 39.72 | 43.1 | 40.52 | 37.06 |
| Payable days | 156.78 | 76.87 | 89.1 | 70.85 | 60.14 |
| PER(x) | 188.81 | 32.82 | 18.8 | 22.45 | 34.68 |
| Price/Book(x) | 19.13 | 6.22 | 3.7 | 3.96 | 7.34 |
| Dividend Yield(%) | 0 | 0.08 | 0 | 0.07 | 0.02 |
| EV/Net Sales(x) | 10.27 | 3.56 | 2.37 | 3.67 | 7.59 |
| EV/Core EBITDA(x) | 83.43 | 22.36 | 12.41 | 15.9 | 26.13 |
| Net Sales Growth(%) | 0 | 101.34 | 14.18 | 71.4 | 64.97 |
| EBIT Growth(%) | 0 | 171.12 | 37.86 | 108.36 | 108.09 |
| PAT Growth(%) | 0 | 291.72 | 30.39 | 140.26 | 118.04 |
| EPS Growth(%) | 0 | 226.51 | 28.75 | 95.23 | 101.95 |
| Debt/Equity(x) | 0.32 | 0.3 | 0.26 | 0.09 | 0.04 |
| Current Ratio(x) | 1.58 | 2 | 1.86 | 3.69 | 3.12 |
| Quick Ratio(x) | 1.33 | 1.64 | 1.64 | 3.02 | 2.58 |
| Interest Cover(x) | 2.47 | 8.47 | 5.8 | 9.33 | 24.18 |
| Total Debt/Mcap(x) | 0.02 | 0.05 | 0.07 | 0.02 | 0.01 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 56.07 | 56.07 | 56.07 | 54.71 | 54.71 | 55.25 | 54.85 | 54.85 | 54.87 | 54.39 |
| FII | 8.77 | 9.71 | 8.51 | 10.43 | 6.93 | 7.07 | 8.2 | 8.33 | 7.94 | 6.02 |
| DII | 1.95 | 1.88 | 1.43 | 0.93 | 5.2 | 5.25 | 4.92 | 4.89 | 4.85 | 4.91 |
| Public | 33.2 | 32.33 | 33.99 | 33.93 | 33.16 | 32.43 | 32.03 | 31.93 | 32.34 | 34.67 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 5.75 | 5.75 | 5.75 | 5.99 | 5.99 | 6.12 | 6.25 | 6.25 | 6.25 | 6.25 |
| FII | 0.9 | 1 | 0.87 | 1.14 | 0.76 | 0.78 | 0.93 | 0.95 | 0.91 | 0.69 |
| DII | 0.2 | 0.19 | 0.15 | 0.1 | 0.57 | 0.58 | 0.56 | 0.56 | 0.55 | 0.56 |
| Public | 3.41 | 3.32 | 3.49 | 3.71 | 3.63 | 3.59 | 3.65 | 3.64 | 3.69 | 3.99 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 10.26 | 10.26 | 10.26 | 10.94 | 10.94 | 11.08 | 11.4 | 11.4 | 11.4 | 11.5 |
* The pros and cons are machine generated.
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