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Consolidated Standalone

Balu Forge Industrie

₹298.6 26.1 | 9.6%

Market Cap ₹3063 Cr.

Stock P/E 34.6

P/B 6.1

Current Price ₹298.6

Book Value ₹ 48.9

Face Value 10

52W High ₹307.1

Dividend Yield 0%

52W Low ₹ 98.2

Edit Ratio

Balu Forge Industrie Research see more...

Overview Inc. Year: 1989Industry: Engineering - Industrial Equipments

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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Balu Forge Industrie Share Price

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Peer Comparison

Balu Forge Industrie Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 74 81 82 53 61 89 124 112 139 147
Other Income 1 1 5 3 7 3 1 0 4 2
Total Income 75 81 87 56 67 92 124 112 143 149
Total Expenditure 65 69 72 45 57 72 103 90 109 114
Operating Profit 10 13 15 11 10 20 21 22 34 35
Interest 1 1 2 2 3 3 0 2 4 4
Depreciation 0 0 0 0 0 0 4 0 0 1
Exceptional Income / Expenses 0 0 -0 0 0 0 0 0 0 0
Profit Before Tax 9 11 13 9 7 17 17 19 30 30
Provision for Tax 2 3 3 2 3 6 2 2 7 5
Profit After Tax 7 8 11 7 5 11 15 17 23 25
Adjustments 0 0 0 0 -0 -0 0 0 -0 0
Profit After Adjustments 7 8 11 7 5 11 15 17 23 25
Adjusted Earnings Per Share 0.9 1.1 1.3 0.9 0.6 1.4 1.8 2 2.3 2.5

Balu Forge Industrie Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 142 286 327 522
Other Income 5 9 13 7
Total Income 147 295 339 528
Total Expenditure 130 249 277 416
Operating Profit 17 46 62 112
Interest 7 5 11 10
Depreciation 1 1 1 5
Exceptional Income / Expenses 0 -0 0 0
Profit Before Tax 10 39 51 96
Provision for Tax 2 9 12 16
Profit After Tax 8 30 39 80
Adjustments 0 0 0 0
Profit After Adjustments 8 30 39 80
Adjusted Earnings Per Share 1.1 3.6 4.7 8.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 14% 0% 0% 0%
Operating Profit CAGR 35% 0% 0% 0%
PAT CAGR 30% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 175% 10% 40% 48%
ROE Average 22% 19% 19% 19%
ROCE Average 27% 24% 24% 24%

Balu Forge Industrie Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 78 159 198
Minority's Interest 0 0 0
Borrowings 10 7 12
Other Non-Current Liabilities 2 1 -1
Total Current Liabilities 81 117 161
Total Liabilities 171 284 369
Fixed Assets 42 42 48
Other Non-Current Assets 0 7 21
Total Current Assets 128 235 299
Total Assets 171 284 369

Balu Forge Industrie Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 0 2 6
Cash Flow from Operating Activities 17 -58 12
Cash Flow from Investing Activities -3 -8 -7
Cash Flow from Financing Activities -12 69 -6
Net Cash Inflow / Outflow 2 4 -1
Closing Cash & Cash Equivalent 2 6 5

Balu Forge Industrie Ratios

# Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 1.11 3.63 4.67
CEPS(Rs) 1.28 3.75 4.83
DPS(Rs) 0 0.1 0
Book NAV/Share(Rs) 10.96 19.14 23.71
Core EBITDA Margin(%) 8.38 12.95 15.24
EBIT Margin(%) 11.19 15.49 18.7
Pre Tax Margin(%) 6.67 13.66 15.48
PAT Margin (%) 5.21 10.43 11.91
Cash Profit Margin (%) 6 10.8 12.32
ROA(%) 4.46 13.11 11.92
ROE(%) 10.13 25.64 21.91
ROCE(%) 16.12 28.92 26.91
Receivable days 151.71 121.01 189.67
Inventory Days 49.8 39.72 43.1
Payable days 156.78 76.87 89.1
PER(x) 188.81 32.82 18.8
Price/Book(x) 19.13 6.22 3.7
Dividend Yield(%) 0 0.08 0
EV/Net Sales(x) 10.27 3.56 2.37
EV/Core EBITDA(x) 83.43 22.36 12.41
Net Sales Growth(%) 0 101.34 14.18
EBIT Growth(%) 0 171.12 37.86
PAT Growth(%) 0 291.72 30.39
EPS Growth(%) 0 226.51 28.75
Debt/Equity(x) 0.32 0.3 0.26
Current Ratio(x) 1.58 2 1.86
Quick Ratio(x) 1.33 1.64 1.64
Interest Cover(x) 2.47 8.47 5.8
Total Debt/Mcap(x) 0.02 0.05 0.07

Balu Forge Industrie Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 64.62 66.24 65.41 65.41 65.41 65.41 65.41 57.47 56.07 56.07
FII 11.98 11.74 11.59 11.59 11.59 7.67 5.55 6.48 8.77 9.71
DII 0 0 0 0 0 0 0 2 1.95 1.88
Public 23.4 22.02 23.01 23.01 23.01 26.92 29.04 34.05 33.2 32.33
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company is almost debt free.

Cons

  • Debtor days have increased from 76.87 to 89.1days.
  • Stock is trading at 6.1 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Balu Forge Industrie News

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