Balu Forge Industries Limited

BSE: 531112
Balu Forge Industries Limited - machinery and equipment in Mumbai, Maharashtra, India. FY 2026 financials and compliance.
CIN L29100MH1989PLC255933 Incorporated 17 March 1989 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - BSE: 531112 Public Limited Company machinery and equipment
Data last updated
Revenue · FY 2026
₹1,107.37 Cr
▲ 19.89% YoY
Computed EBITDA · FY 2026
₹332.46 Cr
▲ 23.94% YoY
Net profit · FY 2026
₹258.89 Cr
▲ 27% YoY
Authorised capital
₹125 Cr
Registered with MCA
Paid-up capital
₹121.39 Cr
Issued & subscribed
Open charges
₹263.77 Cr
Secured borrowings
Company age
37 yrs
Est. 1989
Employees · EPFO
104
Latest available

About Balu Forge Industries Limited

Data last updated: 14 July 2026

Balu Forge Industries Limited is a public limited company based in Mumbai, Maharashtra, India. It specialises in industrial tools and components, a part of the broader machinery and industrial equipment sector. Incorporated on 17 March 1989, the company has been in operation for over 37 years.

Registered with ROC Mumbai under CIN L29100MH1989PLC255933. Listed on BSE: 531112.

Capital: an authorised share capital of ₹125 Cr and a paid-up capital of ₹121.39 Cr. Formerly known as Amaze Entertech Limited and Bell Agro Machina Limited. It is led by directors including Jaspalsingh Prehladsingh Chandock and Shalu Laxmanraj Bhandari.

Last AGM: 29 September 2025. Financial statements filed for year ended 31 March 2025. Office: 506 5Th Floor Imperial Palace 45 Telly Park Road Andheri (East), Mumbai, Maharashtra, India – 400069.

As per NSE-filed consolidated financials for FY 2026, the company reported a revenue of ₹1,107.37 Cr, a growth of 19.89% compared to the previous year. The net worth stands at ₹1,594.52 Cr (up 51.4% YoY). Total assets are valued at ₹1,850.78 Cr (up 47.8% YoY).

The company has a workforce of approximately 104 employees as per the latest available data. Its group structure includes 2 subsidiaries.

The company is associated with 1 brand - Balu. As per MCA filings, the company has open charges of ₹263.77 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website baluindustries.com.

Company Details of Balu Forge Industries Limited
CIN L29100MH1989PLC255933
Registration Number 255933
Incorporation Date 17 March 1989
ROC Mumbai
Listing Status Listed (BSE: 531112)
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Jaspalsingh Prehladsingh Chandock Managing Director Trimaan Jaspalsingh Chandock Whole-Time Director Jaikaran Jaspalsingh Chandock Whole-Time Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    baluindustries.com
  • Social Media
  • Registered Address
    506 5Th Floor Imperial Palace 45 Telly Park Road Andheri (East), Mumbai, Maharashtra, India – 400069
  • Industry
    Machinery and Equipment, Industrial Tools & Components
Company report
Balu Forge Industries Limited - full intelligence report
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Financials, compliance, directors, charges, ownership and filings for Balu Forge Industries Limited in one report.

10-year financials Directors & ownership Charges & compliance

Name History of Balu Forge Industries Limited

Balu Forge Industries Limited has undergone 2 name changes throughout its history. The company was previously known as Amaze Entertech Limited, and Bell Agro Machina Limited. The current legal name is Balu Forge Industries Limited, reflecting the company's evolution and rebranding over time.

Company Name Status
Balu Forge Industries Limited Current
Amaze Entertech Limited Previous
Bell Agro Machina Limited Previous

CIN History of Balu Forge Industries Limited

Balu Forge Industries Limited has 5 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L29100MH1989PLC255933, which is the unique identifier assigned by the Registrar of Companies.

CIN Status
L29100MH1989PLC255933 Current
L85110KA1989PTC009925 Previous
U85110KA1989PLC009925 Previous
L85110MH1989PLC255933 Previous
L85110KA1989PLC009925 Previous
L72100MH1989PLC255933 Previous

Associated Brands with Balu Forge Industries Limited

Balu Forge Industries Limited operates one associated brand: Balu. These brands represent Balu Forge Industries Limited's diversified market presence and brand portfolio.

Brand Description Website
Balu
Automotive crankshafts are manufactured and supplied to aftermarket and OEMs. baluindustries.com

Competitors & Alternatives of Balu Forge Industries Limited

Brands and companies operating in the same space as Balu Forge Industries Limited include Linamar, Oerlikon, LiquidPiston and 6 more.

Competitor Description Location Founded
Linamar Linamar Motor vehicle and agricultural parts are manufactured and supplied. Guelph, Canada, Canada 1966
Oerlikon Oerlikon Powertrain systems and components are manufactured and supplied to OEMs. Freienbach, Switzerland, Switzerland 1906
LiquidPiston LiquidPiston Lightweight internal combustion engines are developed for scalable power applications. Bloomfield, United States, United States 2003
Aquarius Engines Aquarius Engines Patented engines for hybrid vehicles are developed in Israel. Rosh Haayin, Israel, Israel 2014
Freudenberg Sealing Technologies Freudenberg Sealing Technologies Dynamic seals and wipers are manufactured for industrial applications. Weinheim, Germany, Germany 1929
FPT Industrial FPT Industrial Manufacturer and supplier of powertrain components Turin, Italy, Italy 2011
JMT Auto JMT Auto Engine, axle, and gear components for automobiles are manufactured. Jamshedpur, India, India 1987
FEV FEV Powertrain components for vehicles are manufactured and supplied by FEV. Aachen, Germany, Germany 1978
Kinetic Engineering Kinetic Engineering Gears, shafts, transmission assemblies, and auto components are manufactured. Pune, India, India 1972

Business Activity of Balu Forge Industries Limited

Balu Forge Industries Limited is engaged in the principal business activity of manufacturing, with detailed activities including electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
C Manufacturing C10 Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment Locked
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Business activity turnover details for Balu Forge Industries Limited

Turnover contribution percentages and historical activity changes require an active report plan.

  • Turnover contribution
  • Historical classifications
  • Filing-level activity changes

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Auditor Details of Balu Forge Industries Limited

Balu Forge Industries Limited is audited by M.B. Agrawal & Co. (ICAI peer reviewed, certificate valid till 2028-03-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
M.B. Agrawal & Co. (ICAI peer reviewed, certificate valid till 2028-03-31) FY 2026 Declaration of unmodified opinion

Board of Directors of Balu Forge Industries Limited

Balu Forge Industries Limited is currently managed by 6 directors, with 14 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Jaspalsingh Prehladsingh Chandock
Also directs: Balu Forge Industries Limited, Jhatikra Realty Llp, Jhatikra Homes Llp and 3 more
Managing Director 19 Nov 2020 5 Years 9 Months Current
Shalu Laxmanraj Bhandari
Also directs: Bajaj Hindusthan Sugar Limited, Balu Forge Industries Limited, Lumino Industries Limited and 4 more
Director 30 Jun 2021 5 Years 1 Months Current
Trimaan Jaspalsingh Chandock
Also directs: Balu Forge Industries Limited, Balu Advanced Technologies & Systems Private Limited, Naya Energy Works Private Limited and 1 more
Whole-Time Director 19 Nov 2020 5 Years 9 Months Current
Jaikaran Jaspalsingh Chandock
Also directs: Balu Forge Industries Limited, Jhatikra Realty Llp, Jhatikra Homes Llp and 4 more
Whole-Time Director 19 Nov 2020 5 Years 9 Months Current
Radhey Shyam Soni
Also directs: Balu Forge Industries Limited, Libord Finance Limited, Libord Securities Limited
Director 30 Jun 2021 5 Years 1 Months Current
Roop Lal Meena
Also directs: Balu Forge Industries Limited
Director 07 Feb 2025 1 Years 6 Months Current
View all directors

Financials of Balu Forge Industries Limited FY 2026 filings available

Balu Forge Industries Limited reported revenue of ₹1,107.37 Cr (up 19.89% YoY) for FY 2026.

Revenue · FY 2026
₹1,107.37 Cr ▲ 19.89%
Profit · FY 2026
₹258.89 Cr ▲ 27%
Computed EBITDA · FY 2026
₹332.46 Cr ▲ 23.94%
Revenue₹ Cr · Consolidated05001,0001,500FY 2024: ₹560 Cr560FY 2024FY 2025: ₹924 Cr · +65% YoY924+65%FY 2025FY 2026: ₹1,107 Cr · +19.9% YoY1,107+19.9%FY 2026
Net Profit₹ Cr · Consolidated0100200300FY 2024: ₹94 Cr93.7FY 2024FY 2025: ₹204 Cr · +117.6% YoY204+117.6%FY 2025FY 2026: ₹259 Cr · +27% YoY259+27%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year0200400Q1'25: ₹175 Cr175Q1'25Q2'25: ₹223 Cr223Q2'25Q3'25: ₹256 Cr256Q3'25Q4'25: ₹270 Cr · +67.3% YoY270+67.3%Q4'25Q1'26: ₹233 Cr · +33% YoY233+33%Q1'26Q2'26: ₹300 Cr · +34.4% YoY300+34.4%Q2'26Q3'26: ₹311 Cr · +21.6% YoY311+21.6%Q3'26Q4'26: ₹264 Cr · -2.3% YoY264-2.3%Q4'26
Metrics FY 2026 FY 2025 FY 2024
Revenue from Operations ₹1,107.37 Cr ₹923.62 Cr ₹559.86 Cr
Other Income ₹32.92 Cr ₹17.14 Cr ₹10.41 Cr
Total Income ₹1,140.29 Cr ₹940.76 Cr ₹570.27 Cr
Cost of Materials Consumed ₹758.28 Cr ₹607.75 Cr ₹427.81 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0
Changes in Inventories -₹48.72 Cr -₹5.11 Cr -₹51.49 Cr
Employee Benefit Expense ₹35.19 Cr ₹23.52 Cr ₹13.48 Cr
Finance Costs ₹16.45 Cr ₹10.96 Cr ₹13.64 Cr
Depreciation & Amortisation ₹9.96 Cr ₹3.35 Cr ₹2.05 Cr
Other Expenses ₹63.08 Cr ₹46.34 Cr ₹50.94 Cr
Total Expenses ₹834.24 Cr ₹686.82 Cr ₹456.43 Cr
Profit Before Exceptional Items & Tax ₹306.05 Cr ₹253.94 Cr ₹113.84 Cr
Exceptional Items ₹0 ₹0 ₹0
Profit Before Tax ₹306.05 Cr ₹253.94 Cr ₹113.84 Cr
Total Tax Expense ₹47.16 Cr ₹50.09 Cr ₹20.17 Cr
Net Profit ₹258.89 Cr ₹203.86 Cr ₹93.67 Cr
Other Comprehensive Income ₹14.75 Cr ₹1.82 Cr ₹2.72 Lakh
Total Comprehensive Income ₹273.64 Cr ₹205.68 Cr ₹93.7 Cr
EBITDA (computed) ₹332.46 Cr ₹268.25 Cr ₹129.54 Cr
Basic EPS ₹23.90 ₹19.24 ₹9.80
Diluted EPS ₹23.90 ₹18.38 ₹9.74
Metrics FY 2026 FY 2025 FY 2024
Total Assets ₹1,850.78 Cr ₹1,252.19 Cr ₹712.46 Cr
Non-current Assets ₹1,056.94 Cr ₹684.51 Cr ₹219.47 Cr
Current Assets ₹793.84 Cr ₹567.68 Cr ₹493 Cr
Property, Plant & Equipment ₹514.04 Cr ₹150.43 Cr ₹24.18 Cr
Inventories ₹145.28 Cr ₹98.09 Cr ₹89.47 Cr
Trade Receivables ₹425.1 Cr ₹327.27 Cr ₹218.5 Cr
Cash & Equivalents ₹85.66 Cr ₹93.08 Cr ₹87.94 Cr
Equity (Net Worth) ₹1,594.52 Cr ₹1,053.22 Cr ₹552.96 Cr
Equity Share Capital ₹121.39 Cr ₹110.77 Cr ₹102.59 Cr
Borrowings (Non-current) ₹10.72 Cr ₹16.06 Cr ₹24.84 Cr
Borrowings (Current) ₹115.99 Cr ₹19.85 Cr ₹23.94 Cr
Total Debt (computed) ₹126.72 Cr ₹35.91 Cr ₹48.78 Cr
Current Liabilities ₹224.09 Cr ₹177.86 Cr ₹133.73 Cr
Total Liabilities ₹256.26 Cr ₹198.97 Cr ₹159.5 Cr
Metrics FY 2026 FY 2025 FY 2024
Operating Cash Flow ₹31.7 Cr ₹148.24 Cr -₹17.97 Cr
Investing Cash Flow -₹353.96 Cr -₹416.63 Cr -₹147.87 Cr
Financing Cash Flow ₹314.84 Cr ₹273.52 Cr ₹248.64 Cr
Capital Expenditure ₹207.04 Cr ₹416.42 Cr ₹147.87 Cr
Free Cash Flow (computed) -₹175.35 Cr -₹268.18 Cr -₹165.84 Cr
Dividends Paid ₹1.68 Cr ₹1.57 Cr ₹0
Net Change in Cash -₹7.42 Cr ₹5.14 Cr ₹82.79 Cr
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24
Revenue from Operations ₹263.55 Cr ₹311.11 Cr ₹299.51 Cr ₹233.2 Cr ₹269.65 Cr ₹255.78 Cr ₹222.88 Cr ₹175.31 Cr ₹161.17 Cr
Other Income ₹23.47 Cr ₹4.47 Cr ₹3.29 Cr ₹1.68 Cr ₹4.17 Cr ₹9.57 Cr ₹2.5 Cr ₹1.06 Cr ₹4.38 Cr
Total Income ₹287.03 Cr ₹315.58 Cr ₹302.8 Cr ₹234.88 Cr ₹273.81 Cr ₹265.35 Cr ₹225.38 Cr ₹176.37 Cr ₹165.55 Cr
Cost of Materials Consumed ₹176.96 Cr ₹210.73 Cr ₹202.63 Cr ₹167.96 Cr ₹201.32 Cr ₹147.76 Cr ₹156.06 Cr ₹102.61 Cr ₹141.93 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories -₹8.24 Cr -₹10.87 Cr -₹5.72 Cr -₹23.89 Cr -₹27.07 Cr ₹21.77 Cr -₹13.15 Cr ₹13.34 Cr -₹35.33 Cr
Employee Benefit Expense ₹9.48 Cr ₹9.21 Cr ₹8.8 Cr ₹7.69 Cr ₹6.27 Cr ₹6.14 Cr ₹6.05 Cr ₹5.07 Cr ₹4.02 Cr
Finance Costs ₹4.78 Cr ₹5.41 Cr ₹4.03 Cr ₹2.23 Cr ₹4.21 Cr ₹2.26 Cr ₹2.94 Cr ₹1.55 Cr ₹3.53 Cr
Depreciation & Amortisation ₹3.19 Cr ₹2.93 Cr ₹2.15 Cr ₹1.69 Cr ₹87.33 Lakh ₹84.73 Lakh ₹83.13 Lakh ₹79.88 Lakh ₹62.3 Lakh
Other Expenses ₹25.42 Cr ₹17.5 Cr ₹10.99 Cr ₹9.16 Cr ₹14.14 Cr ₹12.42 Cr ₹8.69 Cr ₹11.09 Cr ₹16.17 Cr
Total Expenses ₹211.61 Cr ₹234.91 Cr ₹222.88 Cr ₹164.84 Cr ₹199.75 Cr ₹191.19 Cr ₹161.43 Cr ₹134.45 Cr ₹130.94 Cr
Profit Before Exceptional Items & Tax ₹75.42 Cr ₹80.67 Cr ₹79.92 Cr ₹70.04 Cr ₹74.06 Cr ₹74.16 Cr ₹63.95 Cr ₹41.91 Cr ₹34.61 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹75.42 Cr ₹80.67 Cr ₹79.92 Cr ₹70.04 Cr ₹74.06 Cr ₹74.16 Cr ₹63.95 Cr ₹41.91 Cr ₹34.61 Cr
Total Tax Expense ₹9.68 Cr ₹9.57 Cr ₹14.88 Cr ₹13.01 Cr ₹11.38 Cr ₹15.16 Cr ₹15.81 Cr ₹7.75 Cr ₹6.34 Cr
Net Profit ₹65.74 Cr ₹71.09 Cr ₹65.04 Cr ₹57.03 Cr ₹62.69 Cr ₹59.01 Cr ₹48.14 Cr ₹34.17 Cr ₹28.28 Cr
  attributable to Owners - - - ₹0 - ₹0 ₹0 - -
  attributable to NCI - - - ₹0 - ₹0 ₹0 - -
Other Comprehensive Income ₹8.68 Cr ₹1.95 Cr ₹4.28 Cr -₹16.97 Lakh ₹27.25 Lakh ₹1.43 Cr ₹2 Lakh -₹4.51 Lakh -₹3,000
Total Comprehensive Income ₹74.42 Cr ₹73.04 Cr ₹69.32 Cr ₹56.86 Cr ₹62.96 Cr ₹60.44 Cr ₹48.16 Cr ₹34.12 Cr ₹28.28 Cr
EBITDA (computed) ₹83.4 Cr ₹89.01 Cr ₹86.1 Cr ₹73.96 Cr ₹79.15 Cr ₹77.27 Cr ₹67.72 Cr ₹44.26 Cr ₹38.77 Cr
Basic EPS ₹6.35 ₹6.41 ₹6.08 ₹5.04 ₹5.74 ₹5.52 ₹4.55 ₹3.33 ₹2.76
Diluted EPS ₹6.35 ₹6.26 ₹5.91 ₹4.89 ₹5.49 ₹5.19 ₹4.26 ₹3.26 ₹2.74
Latest 9 quarters shown.
Metrics FY 2026 FY 2025 FY 2024
Revenue from Operations ₹647.42 Cr ₹598.48 Cr ₹388.08 Cr
Other Income ₹33.29 Cr ₹17.43 Cr ₹10.63 Cr
Total Income ₹680.72 Cr ₹615.91 Cr ₹398.71 Cr
Cost of Materials Consumed ₹427.6 Cr ₹355 Cr ₹289 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0
Changes in Inventories -₹40.88 Cr ₹11.12 Cr -₹43.93 Cr
Employee Benefit Expense ₹16.2 Cr ₹13.84 Cr ₹7.79 Cr
Finance Costs ₹16.43 Cr ₹10.97 Cr ₹13.61 Cr
Depreciation & Amortisation ₹9.32 Cr ₹2.79 Cr ₹1.48 Cr
Other Expenses ₹51.69 Cr ₹37.89 Cr ₹43.43 Cr
Total Expenses ₹480.35 Cr ₹431.59 Cr ₹311.39 Cr
Profit Before Exceptional Items & Tax ₹200.36 Cr ₹184.32 Cr ₹87.32 Cr
Exceptional Items ₹0 ₹0 ₹0
Profit Before Tax ₹200.36 Cr ₹184.32 Cr ₹87.32 Cr
Total Tax Expense ₹47.16 Cr ₹50.09 Cr ₹20.17 Cr
Net Profit ₹153.21 Cr ₹134.23 Cr ₹67.15 Cr
Other Comprehensive Income -₹41,000 -₹4.74 Lakh ₹1.23 Lakh
Total Comprehensive Income ₹153.2 Cr ₹134.18 Cr ₹67.16 Cr
EBITDA (computed) ₹226.11 Cr ₹198.08 Cr ₹102.41 Cr
Basic EPS ₹13.38 ₹12.55 ₹7.02
Diluted EPS ₹13.38 ₹11.99 ₹6.98
Metrics FY 2026 FY 2025 FY 2024
Total Assets ₹1,612.99 Cr ₹1,140.62 Cr ₹675.19 Cr
Non-current Assets ₹994.96 Cr ₹649.52 Cr ₹241.52 Cr
Current Assets ₹618.03 Cr ₹491.11 Cr ₹433.67 Cr
Property, Plant & Equipment ₹509.39 Cr ₹145.61 Cr ₹18.97 Cr
Inventories ₹112.57 Cr ₹73.22 Cr ₹80.82 Cr
Trade Receivables ₹339.08 Cr ₹267.25 Cr ₹190.58 Cr
Cash & Equivalents ₹84.48 Cr ₹92.64 Cr ₹87.47 Cr
Equity (Net Worth) ₹1,369.73 Cr ₹948.87 Cr ₹520.11 Cr
Equity Share Capital ₹121.39 Cr ₹110.77 Cr ₹102.59 Cr
Borrowings (Non-current) ₹10.72 Cr ₹16.06 Cr ₹24.84 Cr
Borrowings (Current) ₹115.99 Cr ₹19.85 Cr ₹23.94 Cr
Total Debt (computed) ₹126.72 Cr ₹35.91 Cr ₹48.78 Cr
Current Liabilities ₹211.09 Cr ₹174.51 Cr ₹129.3 Cr
Total Liabilities ₹243.26 Cr ₹191.76 Cr ₹155.07 Cr
Metrics FY 2026 FY 2025 FY 2024
Operating Cash Flow -₹15.93 Cr ₹148.11 Cr ₹8.37 Cr
Investing Cash Flow -₹332.79 Cr -₹416.45 Cr -₹174.41 Cr
Financing Cash Flow ₹340.56 Cr ₹273.51 Cr ₹248.67 Cr
Capital Expenditure ₹203 Cr ₹416.25 Cr ₹174.41 Cr
Free Cash Flow (computed) -₹218.93 Cr -₹268.14 Cr -₹166.04 Cr
Dividends Paid ₹1.51 Cr ₹1.57 Cr ₹0
Net Change in Cash -₹8.16 Cr ₹5.17 Cr ₹82.62 Cr
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24
Revenue from Operations ₹159.31 Cr ₹171.2 Cr ₹166.91 Cr ₹150 Cr ₹157.5 Cr ₹160.61 Cr ₹157.38 Cr ₹122.99 Cr ₹112.55 Cr
Other Income ₹23.55 Cr ₹4.38 Cr ₹3.3 Cr ₹2.06 Cr ₹4.34 Cr ₹9.41 Cr ₹2.5 Cr ₹1.19 Cr ₹4.48 Cr
Total Income ₹182.86 Cr ₹175.59 Cr ₹170.2 Cr ₹152.07 Cr ₹161.84 Cr ₹170.01 Cr ₹159.88 Cr ₹124.18 Cr ₹117.03 Cr
Cost of Materials Consumed ₹102.07 Cr ₹111.48 Cr ₹101.22 Cr ₹112.72 Cr ₹105.76 Cr ₹68.84 Cr ₹116.27 Cr ₹64.13 Cr ₹104.84 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories -₹7.61 Cr -₹11.48 Cr -₹31.46 Lakh -₹21.37 Cr -₹11.81 Cr ₹27.37 Cr -₹17.79 Cr ₹13.34 Cr -₹34.73 Cr
Employee Benefit Expense ₹3.65 Cr ₹4.49 Cr ₹4.39 Cr ₹3.68 Cr ₹3.76 Cr ₹3.62 Cr ₹3.45 Cr ₹3.02 Cr ₹2.13 Cr
Finance Costs ₹4.78 Cr ₹5.36 Cr ₹4.02 Cr ₹2.22 Cr ₹4.24 Cr ₹2.25 Cr ₹2.93 Cr ₹1.54 Cr ₹3.52 Cr
Depreciation & Amortisation ₹3.03 Cr ₹2.77 Cr ₹1.99 Cr ₹1.53 Cr ₹76.45 Lakh ₹69.45 Lakh ₹68.13 Lakh ₹65.09 Lakh ₹47.03 Lakh
Other Expenses ₹22.21 Cr ₹14.86 Cr ₹8.43 Cr ₹6.23 Cr ₹9.25 Cr ₹12.34 Cr ₹6.61 Cr ₹9.7 Cr ₹13.73 Cr
Total Expenses ₹128.13 Cr ₹127.47 Cr ₹119.74 Cr ₹105.01 Cr ₹111.97 Cr ₹115.1 Cr ₹112.15 Cr ₹92.38 Cr ₹89.96 Cr
Profit Before Exceptional Items & Tax ₹54.73 Cr ₹48.11 Cr ₹50.46 Cr ₹47.06 Cr ₹49.87 Cr ₹54.91 Cr ₹47.73 Cr ₹31.8 Cr ₹27.06 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹54.73 Cr ₹48.11 Cr ₹50.46 Cr ₹47.06 Cr ₹49.87 Cr ₹54.91 Cr ₹47.73 Cr ₹31.8 Cr ₹27.06 Cr
Total Tax Expense ₹9.68 Cr ₹9.57 Cr ₹14.88 Cr ₹13.01 Cr ₹11.38 Cr ₹15.16 Cr ₹15.81 Cr ₹7.75 Cr ₹6.34 Cr
Net Profit ₹45.05 Cr ₹38.54 Cr ₹35.58 Cr ₹34.04 Cr ₹38.5 Cr ₹39.76 Cr ₹31.92 Cr ₹24.06 Cr ₹20.72 Cr
Other Comprehensive Income ₹7.72 Lakh -₹6.46 Lakh ₹11,000 -₹1.78 Lakh ₹3.32 Lakh -₹5.55 Lakh ₹2 Lakh -₹4.51 Lakh -₹1.52 Lakh
Total Comprehensive Income ₹45.12 Cr ₹38.48 Cr ₹35.58 Cr ₹34.03 Cr ₹38.53 Cr ₹39.7 Cr ₹31.94 Cr ₹24.01 Cr ₹20.71 Cr
EBITDA (computed) ₹62.54 Cr ₹56.24 Cr ₹56.47 Cr ₹50.81 Cr ₹54.88 Cr ₹57.86 Cr ₹51.34 Cr ₹34 Cr ₹31.05 Cr
Basic EPS ₹3.85 ₹3.37 ₹3.12 ₹3.01 ₹3.51 ₹3.63 ₹3.02 ₹2.34 ₹2.02
Diluted EPS ₹3.85 ₹3.30 ₹3.04 ₹2.92 ₹3.36 ₹3.41 ₹2.83 ₹2.29 ₹2.01
Latest 9 quarters shown.
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Shareholding Pattern of Balu Forge Industries Limited

As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 54.39%, foreign institutional investors hold 6.02%, domestic institutional investors hold 0.89%, retail and other public shareholders hold 34.67% of Balu Forge Industries Limited. The company had 79,711 shareholders on record.

Promoters: 54.39%DII (Domestic Institutional): 0.89%FII (Foreign Institutional): 6.02%Retail & Others: 34.67%Others: 4.03%
Mar 2026
QUARTER
54.39% Promoters
0.89% DII (Domestic Institutional)
6.02% FII (Foreign Institutional)
34.67% Retail & Others
4.03% Others
Promoter holding - history
Now 54.39% · Mar 2026High 57.06% · Jul 2024Low 53.92% · Feb 2026
52%53.8%55.5%57.3%59%Apr 2024Sep 2024Apr 2025Sep 2025Mar 2026Apr 2024: 56.07%Jun 2024: 56.07%Jul 2024: 57.06%Sep 2024: 54.71%Dec 2024: 54.71%Mar 2025: 55.25%Apr 2025: 55.78%May 2025: 54.85%Jun 2025: 54.85%Sep 2025: 54.85%Dec 2025: 54.87%Feb 2026: 53.92%Mar 2026: 54.39%57.06%53.92%54.39%
Shareholding trend - last 6 quarters
Mar 2026Feb 2026Dec 2025Sep 2025Jun 2025May 2025
Promoters54.39%53.92%54.87%54.85%54.85%54.85%
Public45.61%46.08%45.13%45.15%45.15%45.15%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025
Promoters54.39%55.25%
Public45.61%44.75%
Promoter change (YoY, %pts)-0.86-

Board & Governance of Balu Forge Industries Limited

As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Balu Forge Industries Limited has 7 directors - 4 independent and 3 executive. The board is chaired by JASPALSINGH PEHLADSINGH CHANDOCK.

DirectorPositionOn board sinceListed boards
JASPALSINGH PEHLADSINGH CHANDOCK Executive Director · MD · Chairperson 2020-11-19 1
TRIMAAN JASPALSINGH CHANDOCK Executive Director 2020-11-19 1
JAIKARAN JASPALSINGH CHANDOCK Executive Director 2020-11-19 1
RAGHVENDRA RAJ MEHTA Non-Executive - Independent Director 2021-06-30 2
RADHEY SHYAM SONI Non-Executive - Independent Director 2021-06-30 3
SHALU LAXMANRAJ BHANDARI Non-Executive - Independent Director 2021-06-30 2
ROOP LAL MEENA Non-Executive - Independent Director 2025-02-07 1
Board Committees
CommitteeMembers
Audit Committee RAGHVENDRA RAJ MEHTA (Chairperson), RADHEY SHYAM SONI, SHALU LAXMANRAJ BHANDARI, TRIMAAN JASPALSINGH CHANDOCK, ROOP LAL MEENA
Nomination and remuneration committee RADHEY SHYAM SONI (Chairperson), RAGHVENDRA RAJ MEHTA, SHALU LAXMANRAJ BHANDARI, ROOP LAL MEENA
Stakeholders Relationship Committee RAGHVENDRA RAJ MEHTA (Chairperson), RADHEY SHYAM SONI, SHALU LAXMANRAJ BHANDARI, ROOP LAL MEENA
Risk Management Committee TRIMAAN JASPALSINGH CHANDOCK (Chairperson), JAIKARAN JASPALSINGH CHANDOCK, RADHEY SHYAM SONI
Corporate Social Responsibility Committee RAGHVENDRA RAJ MEHTA (Chairperson), TRIMAAN JASPALSINGH CHANDOCK, JAIKARAN JASPALSINGH CHANDOCK
MANAGEMENT COMMITTEE JASPALSINGH PEHLADSINGH CHANDOCK (Chairperson), TRIMAAN JASPALSINGH CHANDOCK, JAIKARAN JASPALSINGH CHANDOCK

Group Structure of Balu Forge Industries Limited

Balu Forge Industries Limited has 2 subsidiary companies. This group structure data is as of FY 2023. The corporate group structure reflects Balu Forge Industries Limited's business expansion strategy and organizational complexity.

2
Subsidiary companies
Key Subsidiaries
Company Name CIN Shares Held
Balu Advanced Technologies & Systems Private Limited U28999MH2021PTC364001 -
Naya Energy Works Private Limited U31900MH2021PTC363488 -

Showing major subsidiaries. Total: 2.

Charges & Borrowings of Balu Forge Industries Limited

Open charges
₹263.77 Cr
Satisfied charges
₹0
Breakdown by lending institutions
Others₹159.06 Cr
Axis Bank Limited₹104.71 Cr
Latest charge details
DateLenderAmountStatus
16 May 2026 Axis Bank Limited ₹13.45 Lakh Open
22 Nov 2025 Others ₹2.69 Cr Open
05 Nov 2025 Axis Bank Limited ₹100 Cr Open
31 Oct 2025 Others ₹5.5 Cr Open
24 Sep 2025 Others ₹9.5 Cr Open

Total charge records: 19 View all charges

Employees and EPFO Compliance at Balu Forge Industries Limited

Balu Forge Industries Limited has a workforce of 104 employees as of Apr 03, 2024.

Employee count
104
Active EPFO establishments
1
Employee growth
-1.89%
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Employee and EPFO history for Balu Forge Industries Limited

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GST Compliance of Balu Forge Industries Limited

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GST registrations and filing compliance for Balu Forge Industries Limited

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Credit Ratings, Litigation & Regulatory Alerts for Balu Forge Industries Limited

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Credit ratings, litigation, and regulatory alerts for Balu Forge Industries Limited

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MSME Payment Delays by Balu Forge Industries Limited

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MSME payment history for Balu Forge Industries Limited

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Subsidiaries & Group Companies of Balu Forge Industries Limited

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Corporate group structure for Balu Forge Industries Limited

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MCA Filings & Documents of Balu Forge Industries Limited

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MCA filings and documents for Balu Forge Industries Limited

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Recent Activity on Balu Forge Industries Limited

Directors
18 Jun 2026
Sandeep Singh Chadha was appointed as a Cfo on 18 Jun 2026 & has been associated with this company since 2 months 8 days.
Charges
16 May 2026
A charge with Axis Bank Limited amounted to Rs. 0.13 Cr with Charge ID 101305825 was registered on 16 May 2026.
Charges
22 Nov 2025
A charge with Others amounted to Rs. 2.69 Cr with Charge ID 101198119 was registered on 22 Nov 2025.
Charges
05 Nov 2025
A charge with Axis Bank Limited amounted to Rs. 100.00 Cr with Charge ID 101186481 was registered on 05 Nov 2025.
Charges
31 Oct 2025
A charge with Others amounted to Rs. 5.50 Cr with Charge ID 101189382 was registered on 31 Oct 2025.
Activity
29 Sep 2025
Balu Forge Industries Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.

Recent News on Balu Forge Industries Limited

Frequently Asked Questions about Balu Forge Industries Limited

Balu Forge Industries Limited is an active public limited company in the machinery and equipment sector based in Mumbai, Maharashtra, India. It was incorporated on 17 March 1989 (37+ years old) and is registered under CIN L29100MH1989PLC255933. Listed on BSE: 531112. The company has 104 employees.

Balu Forge Industries Limited reported revenue of ₹1,107.37 Cr for FY 2026 (up 19.89% YoY) based on consolidated NSE filings.

The current directors of Balu Forge Industries Limited are:

The primary industry of Balu Forge Industries Limited is machinery and equipment. The company specifically operates in industrial tools and components. The company is currently active in this sector.

Yes. Balu Forge Industries Limited is listed on BSE with code 531112.

Balu Forge Industries Limited can be reached at the registered office: 506 5Th Floor Imperial Palace 45 Telly Park Road Andheri East, Mumbai, Maharashtra, India – 400069, or through the website baluindustries.com.

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Financials, directors, compliance, charges and shareholding - sourced from MCA, SEBI and RBI filings.

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