Balu Forge Industries share price today

Balu Forge Industries Ltd's share price was ₹504.05 at the close on 4 November 2026. It has been stalling near its high for 6 weeks. That is 0.1% above its average price over the last 200 trading days.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Balu Forge Industries Ltd is in stage 3. The phase helps read everything below.

In the last 52 weeks it traded between ₹380 and ₹639, and at that close it sat 48% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 13 weeks in a row.

Over the last 11 years the share price moved +1,023% while the NIFTY 500 moved +243%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Two changes stood out: profit up on a year earlier for 12 quarters in a row (every quarter we can compare) and operating margin down 3 points on a year earlier.

1. Profit up on a year earlier for 12 quarters in a row (every quarter we can compare)

   In the June 2026 quarter profit was ₹66 crore, +15.8% on a year earlier.

2. Operating margin down 3 points on a year earlier

   28% in the June 2026 quarter, from 31%.

For April to June 2026 (the quarter ended 30 June 2026), Balu Forge Industries reported revenue of ₹301 crore, up 29.2% from ₹233 crore a year earlier, and a profit of ₹66.0 crore, up 15.8% from ₹57.0 crore.

Balu Forge Industries results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Balu Forge Industries closed at ₹504.05 on 4 November 2026, down 18.1% from ₹615.45 a year earlier (7 November 2025) and up 93.2% over five years. Its highest weekly close since March 2016 was ₹842.55 on 18 October 2024.

Balu Forge Industries share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

479 weekly closes from 31 March 2016 to 4 November 2026.

4 Nov 2026: Balu Forge Industries closed at ₹504.05, up 14.0% on the week and up 3.2% on the month. 18 Sep 2026: ex-date for a dividend of ₹0.15 a share.

Earlier

• Results for April to June 2026: Revenue up 29.2% and profit up 15.8% on a year earlier.

Balu Forge Industries paid ₹0.15 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.03% at the ₹504.05 close on 4 November 2026. The last was a dividend of ₹0.15 a share, ex-date 18 September 2026.

Balu Forge Industries dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. Balu Forge Industries Ltd paid out 1% of its profit as dividends in FY26, and it paid a dividend in 4 of its last 12 reported years.

From the NSE corporate-actions record, read 5 November 2026.

Balu Forge Industries is not on any of our India lists this week.

Balu Forge Industries Ltd earned ₹66.0 Cr of net profit in the Jun 2026 quarter, +15.8% on the same quarter a year earlier. That is the 12th quarter in a row of profit growth. Full-year FY26 profit was ₹259 Cr. That is 21.9% of the quarter's revenue. The same quarter a year earlier earned ₹57.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹259 Cr (+27.0% on the year before).

Why profit moved: revenue changed +29.2% on a year earlier and the margin moved −3.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +19.1% and revenue +20.8%. Profit and revenue are moving at about the same pace.

Balu Forge Industries Ltd reported ₹301 Cr of revenue in the Jun 2026 quarter, +29.2% on the same quarter a year earlier. The last full year, FY26, came in at ₹1,107 Cr. The last four reported quarters add to ₹1,176 Cr.

Revenue is everything the company billed its customers in the period.

A growth rate over several years is not shown, because there are too few years of figures to work one out properly.

FY26 revenue was ₹1,107 Cr, +19.8% on the year before.

Is growth speeding up? Revenue over the last 12 months grew +19.8%, against +37.5% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +18.1%, against +56.1% a year (rolling over).

Balu Forge Industries Ltd's operating margin was 28.0% in the Jun 2026 quarter, 3.0 percentage points lower than the same quarter a year ago. Across 11 years it has been between −180.0% and 45.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −2.8 percentage points on the year while gross margin changed −1.9 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 27% of Balu Forge Industries Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 it brought in ₹32.0 Cr of operating cash against ₹259 Cr of profit. After ₹234 Cr of spending on assets, free cash was −₹202 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 27% of profit came in as cash: the cash cycle got 117 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: less of the profit turns into cash than it should, and the cash cycle is 117 days longer. The next section looks at where the cash is stuck.

Balu Forge Industries Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 182 days in FY26, up from 65 days in FY21. It spent ₹784 Cr on assets over the last 3 years. Customers take 140 days to pay, and stock sits for 75 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹1,107 Cr, each day of that cycle ties up about ₹3.0 Cr, so roughly ₹552 Cr is tied up in the business at any time.

FY26: customers took 140 days to pay and stock sat for 75 days, about 2.5 months of sales sitting as stock, for a full cycle of 182 days, longer than FY21's 65.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 75 days. Customers pay about 140 days after that. Suppliers are paid at 32 days. Together that makes the 182-day cycle.

Spending on assets: ₹784 Cr over the last 3 years, against ₹15.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹277 Cr (FY26): assets paid for that are not earning yet.

In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit.

Balu Forge Industries Ltd's P/E is 22.8×, near the low end of its own history: it has been lower only 31% of the time. Its usual P/E (the middle reading) is 31.9×, over 5 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹22.75.

Why the multiple is where it is: over the past year earnings per share moved +14.5% while the price moved −18.1%. Earnings did better than the price, which pulled the multiple down within its own range.

Where the price move came from: over 5 years the price moved +14.1% a year; about +57.0% a year came from earnings growth and about −42.9 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

Balu Forge Industries Ltd's business is slowing from a peak. Revenue, profit and EPS growth have slowed sharply (revenue growth from +70.4% at its peak to +19.8% now), while ROCE is still 24.9%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.