Balu Forge Peer Comparison

NSE: BALUFORGE | BSE: 531112

₹502.00

₹0.85 (0.17%)

As on 30-Sep-2026 11:24IST

Market cap

₹6,192 Cr

Revenue (TTM)

₹1,175 Cr

P/E Ratio

23.1

P/B Ratio

3.7

Div. Yield

0 %

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	Balu Forge	Happy Forgings	Investment & Prec	Nelcast	Synergy Green
Market cap (₹ Cr)	6,192	19,548	1,549	1,047	984
Revenue (₹ Cr)	1,175	1,642	197	1,338	358
Net Profit (₹ Cr)	267.96	327.40	14.58	41.07	-8.83
Net Margin (%)	22.15	19.56	7.36	3.04	-2.41
RoE (%)	18.85	16.02	15.04	7.07	-7.21
Price to Earnings	23.11	59.71	106.22	25.51	--
Price-To-Book	3.73	8.84	14.39	1.74	9.78

Income Statement (₹ Cr)

	Balu Forge	Happy Forgings	Investment & Prec	Nelcast	Synergy Green
Operating Revenue	1,174.89	1,641.96	196.92	1,337.59	358.01
Total Income	1,209.99	1,673.50	198.09	1,351.77	366.71
Total Expenditure	862.85	1,131.56	161.38	1,239.57	325.24
EBITDA	312.04	510.39	35.55	98.02	32.77
Depreciation	11.58	94.73	8.89	27.40	25.76
EBIT	300.46	415.67	26.66	70.63	7.01
Interest	18.82	11.23	6.31	29.77	23.32
Other Income	35.10	31.54	1.17	14.18	8.70
Exceptional Items	0.00	0.00	-0.53	0.00	-0.65
Profit before Tax	316.74	435.98	20.99	55.03	-8.27
Provision for Tax	48.78	108.57	6.42	13.96	0.56
Profit after Tax	267.96	327.40	14.58	41.07	-8.83

	Balu Forge	Happy Forgings	Investment & Prec	Nelcast	Synergy Green
Shareholder's Funds	1,594.52	2,128.13	102.61	596.64	111.09
Minority Interest	0.00	0.00	0.00	0.00	0.00
Non-Current Liabilities	32.17	48.99	26.99	87.96	156.48
Current Liabilities	224.09	455.69	86.97	511.39	205.20
Total Liabilities	1,850.78	2,632.81	216.57	1,198.70	472.76

	Balu Forge	Happy Forgings	Investment & Prec	Nelcast	Synergy Green
Non-Current Assets	799.85	1,345.90	100.74	526.46	290.42
Current Assets	793.84	1,071.10	104.22	667.99	174.43
Total Assets	1,850.78	2,632.81	216.57	1,198.70	472.76
Total Debt*	126.72	329.62	70.10	257.19	250.39
Net Current Assets	569.75	615.41	17.25	156.60	-30.76
Contingent Liabilities	--	28.49	0.12	1.80	5.06

	Balu Forge	Happy Forgings	Investment & Prec	Nelcast	Synergy Green
Cash From Operating Activities	31.70	444.67	25.78	91.58	19.27
Cash Flow from Investing Activities	-353.96	-496.83	-23.64	-10.91	-94.36
Cash from Financing Activities	314.84	64.93	-0.16	-76.18	73.57
Net Cash Inflow / Outflow	-7.42	12.77	1.98	4.49	-1.53

	Balu Forge	Happy Forgings	Investment & Prec	Nelcast	Synergy Green
ROCE (%)	22.95	18.19	14.14	11.46	9.07
ROE (%)	18.85	16.02	15.04	7.07	-7.21
ROA (%)	17.27	13.51	6.93	3.48	-2.17
EBIT Margin (%)	25.57	25.32	13.54	5.28	1.96
Net Margin (%)	22.15	19.56	7.36	3.04	-2.41
Cash Profit Margin (%)	0.00	0.00	0.00	0.00	0.00

	Balu Forge	Happy Forgings	Investment & Prec	Nelcast	Synergy Green
Revenue Growth (%)	19.70	15.53	17.14	4.22	-2.47
EBIT Growth (%)	8.88	25.71	91.76	-0.86	-82.44
Net Profit Growth (%)	18.19	21.60	144.01	-1.85	-150.96
EPS Growth (%)	13.41	21.46	24.97	1.30	-145.30
Book Value Growth (%)	65.50	15.29	12.43	7.91	2.85

	Balu Forge	Happy Forgings	Investment & Prec	Nelcast	Synergy Green
Price / Earnings	21.63	59.67	101.67	25.19	-126.74
Price / Book Value	3.66	8.84	14.11	1.72	10.12
Dividend Yield (%)	0.03	0.19	0.07	0.59	0.00
EV/EBITDA	19.62	38.38	44.57	12.31	38.35
Market Cap (₹ Cr)	4,688.81	10,924.40	502.91	994.84	746.62

	Balu Forge	Happy Forgings	Investment & Prec	Nelcast	Synergy Green
Debt to Equity	0.01	0.00	0.17	0.06	1.33
Short term debt to equity ratio	0.07	0.15	0.47	0.32	0.78
Current Ratio	3.54	2.35	1.20	1.31	0.85
Quick Ratio	2.89	1.84	0.60	0.93	0.54
Interest Coverage	17.83	39.82	4.33	2.85	0.65

	Balu Forge	Happy Forgings	Investment & Prec	Nelcast	Synergy Green
Debtors to sales (%)	36.18	24.04	19.96	26.63	18.15
Asset Turnover	0.76	0.68	0.94	1.13	0.88
Receivable days	123.99	96.31	78.34	95.62	60.73
Inventory Days	40.11	54.55	97.25	50.98	57.84
Payable days	46.57	30.27	198.36	161.66	123.94
Cash Conversion Cycle	117.53	120.58	-22.77	-15.06	-5.37

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.