Balu Forge Industries Limited

BSE: 531112 NSE: BALUFORGE
Balu Forge Industries Limited - machinery and equipment in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L29100MH1989PLC255933 Incorporated 17 March 1989 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - NSE: BALUFORGE · BSE: 531112 Public Limited Company machinery and equipment
Data last updated
Market Cap
₹5,699 Cr
BALUFORGE · NSE
Share Price
₹450.45
-4.05% today
Revenue
₹1,107 Cr
FY 2025-26 · +19.9% YoY
EBITDA
₹300 Cr
Margin 27.1%
Net Profit
₹259 Cr
FY 2025-26 · +27.0% YoY
P/E (TTM)
21.8x
P/B 3.7x
Authorised capital
₹125 Cr
Registered with MCA
Paid-up capital
₹121.39 Cr
Issued & subscribed

About Balu Forge Industries Limited

Data last updated:

Balu Forge Industries Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 17 March 1989 and has been in existence for over 37 years.

Its director Jaspalsingh Prehladsingh Chandock is #709 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L29100MH1989PLC255933. Its GSTIN is 27AAACB7915Q1Z6 (Maharashtra). The company holds 2 GST registrations, all of them active. Its shares are listed on BSE: 531112 and NSE: BALUFORGE.

The company has an authorised share capital of ₹125 Cr and a paid-up capital of ₹121.39 Cr. It was formerly known as Amaze Entertech Limited and Bell Agro Machina Limited. It is led by directors including Jaspalsingh Prehladsingh Chandock (Managing Director) and Trimaan Jaspalsingh Chandock (Whole-Time Director).

Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 506 5th Floor Imperial Palace 45 Telly Park Road Andheri (East), Mumbai, Maharashtra, India – 400069.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,107.37 Cr, a growth of 19.9% compared to the previous year. For the same year it recorded a net profit of ₹258.89 Cr (net margin 23.4%) and EBITDA of ₹299.54 Cr (EBITDA margin 27%). The net worth stands at ₹1,594.52 Cr (up 51.4% YoY). Total assets are valued at ₹1,747.59 Cr (up 59.7% YoY).

The company has about 104 employees on its provident fund (EPFO) records. 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. Court records list 7 cases involving the company, including 3 filed by the company and 3 filed against it; 2 cases are pending. The company has 28 deals on record (22 market trades, 6 funding rounds), with disclosed funding of ₹315.53 Cr; the latest was in August 2026. Its 10 peer companies in the Automobiles industry (Auto Ancillary) are compared by revenue, 5 larger and 5 smaller; the largest is Webasto Roofsystems India Private Limited with revenue of ₹950.73 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 25 overdue payments to 6 micro and small suppliers.

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, NSE: BALUFORGE)
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant

Name History of Balu Forge Industries Limited

Balu Forge Industries 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.

Company NameStatus
Balu Forge Industries LimitedCurrent
Amaze Entertech LimitedPrevious
Bell Agro Machina LimitedPrevious

CIN History of Balu Forge Industries Limited

Balu Forge Industries 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.

CINStatus
L29100MH1989PLC255933Current
L85110KA1989PTC009925Previous
U85110KA1989PLC009925Previous
L85110MH1989PLC255933Previous
L85110KA1989PLC009925Previous
L72100MH1989PLC255933Previous
Key People
Jaspalsingh Prehladsingh Chandock Managing Director Trimaan Jaspalsingh Chandock Whole-Time Director Jaikaran Jaspalsingh Chandock Whole-Time Director

Recognitions & Rankings of Balu Forge Industries

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
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Financials, compliance, directors, charges, ownership and filings for Balu Forge Industries Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Associated Brands with Balu Forge Industries Limited

Balu Forge Industries operates one associated brand: Balu. Each brand links to its own profile.

BrandDescriptionWebsite
Balu
Automotive crankshafts are manufactured and supplied to aftermarket and OEMs.baluindustries.com

Business Activity of Balu Forge Industries Limited

The main business activity of Balu Forge Industries is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC10Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipmentLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

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

Verified entity values are shown only after access is granted.

Financials of Balu Forge Industries Limited FY 2025-26 filings available

Balu Forge Industries Limited reported revenue of ₹1,107.37 Cr (up 19.9% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹1,107 Cr
+19.9% YoY
EBITDA
₹300 Cr
+19.3% YoY
Profit After Tax
₹259 Cr
+27.0% YoY
Net Worth
₹1,595 Cr
+51.4% YoY
Total Assets
₹1,748 Cr
+59.7% YoY
Total Debt
₹152 Cr
+281.7% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Income statement
Revenue1,107924560327286142
Revenue growth+19.9%+65.0%+71.4%+14.2%+101.3%-
EBITDA30025111949.7836.8412.24
EBITDA margin+27.1%+27.2%+21.3%+15.2%+12.9%+8.6%
Profit before tax30625411450.5739.099.74
Net profit25920493.4938.9530.017.62
Net profit margin+23.4%+22.1%+16.7%+11.9%+10.5%+5.4%
EPS (₹)23.9018.409.114.673.631.11
Balance sheet
Total assets1,7481,094603250207104
Net worth1,5951,05355319815977.52
Total debt15239.7948.7951.8847.4026.00
Cash & bank89.0096.2190.877.907.123.06
Net working capital69141038317815760.98
Cash flow
Cash from operations31.70148(31.73)26.16(57.74)17.33
Cash from investing(354)(416)(134)(21.25)(7.67)(3.23)
Cash from financing315273249(5.68)68.96(11.85)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue301264311300233270256223
Revenue growth (YoY)+29.0%-2.3%+21.6%+34.4%+33.0%---
Other income3.8623.474.473.291.684.179.572.35
EBITDA84.7759.9284.5482.8172.2874.9967.7065.22
EBITDA margin+28.2%+22.7%+27.2%+27.6%+31.0%+27.8%+26.5%+29.3%
Depreciation3.313.192.932.151.690.870.850.83
Interest4.604.785.414.032.234.212.262.94
Profit before tax80.7275.4280.6779.9270.0474.0874.1663.80
Tax14.649.689.5714.8813.0111.3815.1615.81
Net profit66.0865.7471.1065.0457.0362.7059.0047.99
EPS (₹)5.496.356.265.914.895.495.194.26
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue6475983882692851420.20
Revenue growth+8.2%+54.2%+44.2%-5.6%+100.6%--
EBITDA19318191.7842.5237.4412.240.06
EBITDA margin+29.8%+30.2%+23.7%+15.8%+13.1%+8.6%+30.0%
Profit before tax20018487.3243.6639.699.740.07
Net profit15313467.1532.0430.617.620.04
Net profit margin+23.7%+22.4%+17.3%+11.9%+10.7%+5.4%+20.0%
EPS (₹)13.3812.126.543.843.701.111.16
Balance sheet
Total assets1,5239905702442071040.35
Net worth1,37094952019115977.520.35
Total debt15239.7948.7951.8847.4026.000.00
Cash & bank87.8295.7790.407.607.073.060.13
Net working capital52834032817715760.980.12
Cash flow
Cash from operations(12.73)1418.3720.37(57.47)17.330.04
Cash from investing(333)(409)(174)(15.76)(7.67)(3.23)0.00
Cash from financing337273249(5.63)68.64(11.85)(0.09)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue175159171167150158161157
Revenue growth (YoY)+16.7%+1.2%+6.6%+6.1%+22.0%---
Other income2.7723.554.383.302.064.349.412.50
Total expenses118120119114101107112109
EBITDA57.3938.9951.8653.2348.7450.5448.4648.84
EBITDA margin+32.8%+24.5%+30.3%+31.9%+32.5%+32.1%+30.2%+31.0%
Depreciation3.143.032.771.991.530.760.690.68
Interest4.594.785.364.072.224.242.252.93
Profit before tax52.4354.7348.1150.4747.0549.8854.9347.73
Tax14.649.689.5714.8813.0111.3815.1615.81

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 21 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue301264311300233270256223
Revenue growth (YoY)+29.0%-2.3%+21.6%+34.4%+33.0%---
Other income3.8623.474.473.291.684.179.572.35
EBITDA84.7759.9284.5482.8172.2874.9967.7065.22
EBITDA margin+28.2%+22.7%+27.2%+27.6%+31.0%+27.8%+26.5%+29.3%
Depreciation3.313.192.932.151.690.870.850.83
Interest4.604.785.414.032.234.212.262.94
Profit before tax80.7275.4280.6779.9270.0474.0874.1663.80
Tax14.649.689.5714.8813.0111.3815.1615.81
Net profit66.0865.7471.1065.0457.0362.7059.0047.99
EPS (₹)5.496.356.265.914.895.495.194.26
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Revenue1,107924560327286142
Revenue growth+19.9%+65.0%+71.4%+14.2%+101.3%-
Other income32.9217.1410.2312.658.535.25
Total expenses808673441277249130
Employee cost0.0021.3312.316.834.453.21
EBITDA30025111949.7836.8412.24
EBITDA margin+27.1%+27.2%+21.3%+15.2%+12.9%+8.6%
Depreciation9.963.352.051.331.051.14
Interest16.4510.9613.6410.535.236.61
Profit before tax30625411450.5739.099.74
Tax47.1650.0920.1711.659.242.12
Net profit25920493.4938.9530.017.62
Net profit margin+23.4%+22.1%+16.7%+11.9%+10.5%+5.4%
EPS (₹)23.9018.409.114.673.631.11
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Equity & liabilities
Share capital12111110383.3682.3168.62
Reserves & surplus1,47385342711475.266.60
Shareholders' funds (net worth)1,5951,05355319815977.52
Minority interest0.000.000.000.000.000.00
Secured loans11927.2640.3745.1345.1823.89
Unsecured loans33.2312.538.426.752.222.11
Total debt15239.7948.7951.8847.4026.00
Total liabilities1,7481,094603250207104
Assets
Gross block55818960.9850.4743.6142.98
Net block54718356.7648.3042.3642.41
Capital work in progress2774171306.676.670.00
Investments0.000.000.000.000.000.00
Inventories14598.0989.4734.8242.3319.94
Sundry debtors42532721821112960.73
Cash & bank balances89.0096.2190.877.907.123.06
Loans & advances13446.1194.1645.6156.2144.45
Total current assets794568493299235128
Total current liabilities10315811012077.6367.20
Net working capital69141038317815760.98
Total assets1,7481,094603250207104
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Opening cash93.0887.945.155.922.370.13
Net cash from operating activities31.70148(31.73)26.16(57.74)17.33
Net cash from investing activities(354)(416)(134)(21.25)(7.67)(3.23)
Net cash from financing activities315273249(5.68)68.96(11.85)
Net change in cash(7.42)5.1482.79(0.77)3.552.24
Closing cash89.0096.2190.877.907.123.06
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Growth
Sales growth+19.9%+65.0%+71.4%+14.2%+101.3%-
EBITDA growth+19.3%+110.8%+139.3%+35.1%+201.0%-
PBT growth+20.5%+123.4%+124.8%+29.4%+301.3%+9997.0%
Net income growth+27.0%+118.0%+140.0%+29.8%+293.8%-
Revenue CAGR (3Y)+50.2%+47.8%+57.9%---
EBITDA CAGR (3Y)+81.9%+89.6%+113.5%---
Profitability & leverage
Net income margin+23.4%+22.1%+16.7%+11.9%+10.4%+5.4%
Return on capital employed-+31.2%+29.9%+26.7%+28.5%+15.7%
Return on net worth-+25.4%+24.9%+21.8%+25.3%+9.8%
Debt / equity-0.060.130.280.310.34
Long-term debt / equity-0.030.050.060.080.15
Interest cover5.684.4211.6521.7314.6159.55
Efficiency & per share
Fixed asset turnover-7.3610.056.946.613.31
Inventory turnover-9.859.018.479.197.13
Debtors turnover-3.382.611.923.022.34
EPS (₹)23.9018.409.114.673.631.11
Dividend per share (₹)0.000.150.150.000.100.00
Book value per share (₹)0.0086.9851.6623.7119.1410.96
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue175159171167150158161157
Revenue growth (YoY)+16.7%+1.2%+6.6%+6.1%+22.0%---
Other income2.7723.554.383.302.064.349.412.50
Total expenses118120119114101107112109
EBITDA57.3938.9951.8653.2348.7450.5448.4648.84
EBITDA margin+32.8%+24.5%+30.3%+31.9%+32.5%+32.1%+30.2%+31.0%
Depreciation3.143.032.771.991.530.760.690.68
Interest4.594.785.364.072.224.242.252.93
Profit before tax52.4354.7348.1150.4747.0549.8854.9347.73
Tax14.649.689.5714.8813.0111.3815.1615.81
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue6475983882692851420.20
Revenue growth+8.2%+54.2%+44.2%-5.6%+100.6%--
Other income33.2917.4310.6312.818.535.250.01
Total expenses4554182962272481300.14
Employee cost0.0011.646.624.884.453.210.04
EBITDA19318191.7842.5237.4412.240.06
EBITDA margin+29.8%+30.2%+23.7%+15.8%+13.1%+8.6%+30.0%
Depreciation9.322.791.481.191.051.140.00
Interest16.4310.9713.6110.485.236.610.00
Profit before tax20018487.3243.6639.699.740.07
Tax47.1650.0920.1711.659.242.120.03
Net profit15313467.1532.0430.617.620.04
Net profit margin+23.7%+22.4%+17.3%+11.9%+10.7%+5.4%+20.0%
EPS (₹)13.3812.126.543.843.701.111.16
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital12111110383.3682.3168.620.35
Reserves & surplus1,24874839510875.876.600.00
Shareholders' funds (net worth)1,37094952019115977.520.35
Secured loans11927.2640.3745.1346.5223.890.00
Unsecured loans33.2312.538.426.750.882.110.00
Total debt15239.7948.7951.8847.4026.000.00
Total liabilities1,5239905702442071040.35
Assets
Gross block55218355.0644.9743.6142.980.00
Net block54217851.5442.9342.3642.410.00
Capital work in progress2744171306.676.670.000.00
Investments0.310.300.300.320.320.000.00
Inventories11373.2280.8233.7140.8019.940.00
Sundry debtors33926719119613060.730.04
Cash & bank balances87.8295.7790.407.607.073.060.13
Loans & advances78.5654.8571.8647.2656.6544.450.02
Total current assets6184914342842351280.19
Total current liabilities90.1915110510777.4867.200.07
Net working capital52834032817715760.980.12
Total assets1,5239905702442071040.35
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash92.6487.474.845.872.370.130.17
Net cash from operating activities(12.73)1418.3720.37(57.47)17.330.04
Net cash from investing activities(333)(409)(174)(15.76)(7.67)(3.23)0.00
Net cash from financing activities337273249(5.63)68.64(11.85)(0.09)
Net change in cash(8.16)5.1782.62(1.02)3.502.24(0.05)
Closing cash87.8295.7790.407.607.073.060.13
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+8.2%+54.2%+44.2%-5.6%+100.6%--
EBITDA growth+6.8%+96.8%+115.9%+13.6%+205.9%--
PBT growth+8.7%+111.1%+100.0%+10.0%+307.5%-+40.0%
Net income growth+14.2%+99.9%+109.6%+4.7%+301.7%--
Revenue CAGR (3Y)+34.0%+28.1%+39.8%+1003.9%+1065.6%+792.3%+18.6%
EBITDA CAGR (3Y)+65.5%+69.0%+95.7%+791.6%+808.1%+414.3%-
Profitability & leverage
Net income margin+23.7%+22.4%+17.3%+11.9%+10.7%+5.4%+20.0%
Return on capital employed-+25.0%+24.8%+24.0%+28.8%+31.3%+20.0%
Return on net worth-+18.3%+18.9%+18.3%+25.7%+19.6%+11.4%
Debt / equity-0.060.140.280.310.330.00
Long-term debt / equity-0.030.050.060.080.150.00
Interest cover8.956.1715.0725.3614.3759.550.00
Efficiency & per share
Fixed asset turnover-5.017.766.076.586.610.00
Inventory turnover-7.776.787.229.3914.250.00
Debtors turnover-2.612.011.652.994.6810.00
EPS (₹)13.3812.126.543.843.701.111.16
Dividend per share (₹)0.000.150.150.000.100.000.00
Book value per share (₹)0.0077.5648.4622.9519.2210.969.93
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Board of Directors of Balu Forge Industries Limited

Balu Forge Industries has 6 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Jaspalsingh Prehladsingh Chandock
Also directs: Jhatikra Realty LLP, Jhatikra Homes LLP, Balu Advanced Technologies & Systems Private Limited and 2 more
Managing Director19 Nov 20205 Years 11 MonthsCurrent
Shalu Laxmanraj Bhandari
Also directs: Bajaj Hindusthan Sugar Limited, Lumino Industries Limited, Phenil Sugars Limited and 3 more
Director30 Jun 20215 Years 3 MonthsCurrent
Trimaan Jaspalsingh Chandock
Also directs: Balu Advanced Technologies & Systems Private Limited, Naya Energy Works Private Limited, Balu Hospitality Limited
Whole-Time Director19 Nov 20205 Years 11 MonthsCurrent
Jaikaran Jaspalsingh Chandock
Also directs: Jhatikra Realty LLP, Jhatikra Homes LLP, Balu Advanced Technologies & Systems Private Limited and 3 more
Whole-Time Director19 Nov 20205 Years 11 MonthsCurrent
Radhey Shyam Soni
Also directs: Libord Finance Limited, Libord Securities Limited
Director30 Jun 20215 Years 3 MonthsCurrent
Roop Lal MeenaDirector07 Feb 20251 Years 8 MonthsCurrent
View all directors

Peer Comparison of Balu Forge Industries Limited

Balu Forge Industries Limited is compared with the companies closest to it by revenue in the Automobiles industry (Auto Ancillary). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Balu Forge Industries Limited this company₹1,107.37 Cr (FY 2026)••••••••19.9%••••Mumbai, Maharashtra, India
Webasto Roofsystems India Private Limited₹950.73 Cr (FY 2025)••••••••32.0%••••New Delhi, Delhi, India
Albonair (India) Private Limited₹948.9 Cr (FY 2025)••••••••-2.0%••••Chennai, Tamil Nadu, India
Joyson Anand Abhishek Safety Systems Private Limited₹946.14 Cr (FY 2025)••••••••7.0%••••Kancheepuram, Tamil Nadu, India
S M Auto Engineering Pvt Ltd₹945.79 Cr (FY 2025)••••••••-16.0%••••Pune, Maharashtra, India
Lucas Indian Service Limited₹943.68 Cr (FY 2025)••••••••14.0%••••Chennai, Tamil Nadu, India
The Hi-Tech Gears Limited Listed₹938.68 Cr (FY 2025)••••••••-16.0%••••Manesar, Haryana, India
Allison Transmission India Private Limited₹933.83 Cr (FY 2025)••••••••36.0%••••Sriperumbudur, Tamil Nadu, India
Mahabal Metals Private Limited₹932.55 Cr (FY 2025)••••••••7.0%••••Miraj, Maharashtra, India
Greentech Industries (India) Private Limited₹931.93 Cr (FY 2025)••••••••-20.0%••••Naidupet, Andhra Pradesh, India
Atc Tires Ap Private Limited₹929.62 Cr (FY 2025)••••••••52.0%••••Anakapalle, Andhra Pradesh, India

Peers are the five companies nearest above and the five nearest below Balu Forge Industries by revenue in the Automobiles industry (Auto Ancillary), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Auditor Details of Balu Forge Industries Limited

Balu Forge Industries Limited is audited by M.B. Agrawal & Co for the financial year 2023.

NameStatusAppointment DateCessation Date
M.B. Agrawal & CoLockedLockedLocked
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Shareholding Pattern of Balu Forge Industries Limited

Shareholding for the quarter ended Sep 2026: promoters hold 53.50%, foreign institutional investors hold 5.00%, domestic institutional investors hold 4.80% and retail and other public shareholders hold 36.70%.

Promoters: 53.50%DII (Domestic Institutional): 4.80%FII (Foreign Institutional): 5.00%Retail & Others: 36.70%
Sep 2026
QUARTER
53.50% Promoters
4.80% DII (Domestic Institutional)
5.00% FII (Foreign Institutional)
36.70% Retail & Others
Promoter holding - history
Now 53.50% · Sep 2026High 54.90% · Mar 2026Low 53.50% · Sep 2026
52%53%54%55%56%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 54.80%Mar 2026: 54.90%Jun 2026: 54.40%Sep 2026: 53.50%54.90%53.50%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters53.50%54.40%54.90%54.80%
Public46.50%45.60%45.10%45.20%

Charges & Borrowings of Balu Forge Industries Limited

Open charges
₹263.77 Cr
Satisfied charges
None
Breakdown by lending institutions
Others₹159.06 Cr
Axis Bank Limited₹104.71 Cr
Latest charge details
DateLenderAmountStatus
16 May 2026Axis Bank Limited₹13.45 LakhOpen
22 Nov 2025Others₹2.69 CrOpen
05 Nov 2025Axis Bank Limited₹100 CrOpen
31 Oct 2025Others₹5.5 CrOpen
24 Sep 2025Others₹9.5 CrOpen

Total charge records: 19 View all charges

Deals & Funding of Balu Forge Industries Limited

Balu Forge Industries Limited has 28 deals on record (22 market trades, 6 funding rounds), with disclosed funding of ₹315.53 Cr; the latest was in August 2026.

Total deals
28
Market trades
22
Funding rounds
6
Disclosed funding
₹315.53 Cr

Deals on record (5 of 28)

WhenDealAmountParties
Aug 2026Market trade₹117.5 CrBuyer: Ramdoot Realtors Private Limited , Hrti Private Limited , Junomoneta Finsol Private Limited
Seller: Ramdoot Realtors Private Limited , Junomoneta Finsol Private Limited , Hrti Private Limited
Jul 2026Market trade₹32.09 CrBuyer: Snord Trading Private Limited
Seller: L7 Securities Private Limited
Jan 2026Market trade₹58.81 CrBuyer: Hrti Private Limited , Graviton Research Capital LLP
Seller: Hrti Private Limited , Graviton Research Capital LLP
Jan 2026Market trade₹64.18 CrBuyer: Mansi Share and Stock Broking Private Limited , L7 Hitech Private Limited
Seller: L7 Hitech Private Limited , Mansi Share and Stock Broking Private Limited
Mar 2025Market trade₹45.42 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP
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Full deal history

All 28 deals with amounts, valuations, instruments and every party are in the company report.

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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME Payment Delays by Balu Forge Industries Limited

Balu Forge Industries Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 25 overdue payments to 6 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 6)

SupplierAmount dueDue sinceReported on
Vedant Tools Private Limited••••••••••••
an individual supplier••••••••••••
an individual supplier••••••••••••
an individual supplier••••••••••••
Jyoti CNC Automation Limited••••••••••••
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Full MSME payment history

Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.

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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.

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

Monthly headcount, contribution history and filing status are in the company report.

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Group Structure of Balu Forge Industries Limited

Balu Forge Industries has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

2
Subsidiary companies
Key Subsidiaries
Company NameCINShares Held
Balu Advanced Technologies & Systems Private LimitedU28999MH2021PTC364001-
Naya Energy Works Private LimitedU31900MH2021PTC363488-

Showing major subsidiaries. Total: 2.

Recent Activity on Balu Forge Industries Limited

Balu Forge Industries Limited has 27 board changes on record since 1994: 17 appointments and 10 cessations. The latest: Roop Lal Meena was appointed as Director on 07 Feb 2025.

Charges
A charge with Axis Bank Limited amounted to Rs. 0.13 Cr with Charge ID 101305825 was registered on 16 May 2026.
Charges
A charge with Others amounted to Rs. 2.69 Cr with Charge ID 101198119 was registered on 22 Nov 2025.
Charges
A charge with Axis Bank Limited amounted to Rs. 100.00 Cr with Charge ID 101186481 was registered on 05 Nov 2025.
Charges
A charge with Others amounted to Rs. 5.50 Cr with Charge ID 101189382 was registered on 31 Oct 2025.
AGM
Balu Forge Industries Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 9.50 Cr with Charge ID 101169066 was registered on 24 Sep 2025.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.24 Cr with Charge ID 101132673 was registered on 11 Jul 2025.
Filing
Balu Forge Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Appointed
Roop Lal Meena was appointed as Director.
Charges
A charge with Others amounted to Rs. 0.08 Cr with Charge ID 100962925 was registered on 17 Aug 2024.
Charges
A charge with Others of Rs. 111.00 Cr registered on 07 May 2021 with Charge ID 100445581 was modified on 24 Jun 2024.
Charges
A charge with Others amounted to Rs. 0.13 Cr with Charge ID 100940744 was registered on 07 Jun 2024.

38 earlier events are listed in the company report.

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

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Subsidiaries & Group Companies of Balu Forge Industries Limited

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Corporate group structure

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GST Compliance of Balu Forge Industries Limited

Balu Forge Industries has 2 GST registrations: 2 active.

Total GSTINs
2
Active
2
GSTINStateStatusRegistered on
27AAACB7915Q1Z6MaharashtraActive01 Jul 2017
29AAACB7915Q1Z2KarnatakaActive01 Jun 2021
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GST registrations and filing compliance

State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.

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MCA Filings & Documents of Balu Forge Industries Limited

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MCA filings and documents

Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.

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  • Annual returns and statements
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Related news about Balu Forge Industries Limited

Frequently Asked Questions about Balu Forge Industries Limited

Balu Forge Industries is an active public limited company based in Mumbai, Maharashtra, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 17 March 1989 (37+ years old) and is registered under CIN L29100MH1989PLC255933. Listed on BSE: 531112 and NSE: BALUFORGE.

Balu Forge Industries reported revenue of ₹1,107.37 Cr for FY 2025-26 (up 19.9% YoY) based on consolidated financials.

Balu Forge Industries has 6 current directors:

The GSTIN of Balu Forge Industries is 27AAACB7915Q1Z6, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AAACB7915Q1Z2 (Karnataka).

The CIN (Corporate Identification Number) of Balu Forge Industries is L29100MH1989PLC255933. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Balu Forge Industries is listed on both BSE (code: 531112) and NSE (symbol: BALUFORGE).

Balu Forge Industries has 7 court cases on record: 3 filed by the company and 3 filed against it. 2 are pending. Most are in the high courts.

Balu Forge Industries was incorporated on 17 March 1989, making it 37+ years old. It is registered with the Registrar of Companies, Mumbai.

Balu Forge Industries has 28 deals on record (22 market trades, 6 funding rounds), with disclosed funding of ₹315.53 Cr; the latest was in August 2026.

The peers of Balu Forge Industries by revenue are Webasto Roofsystems India Private Limited, Albonair (India) Private Limited, Joyson Anand Abhishek Safety Systems Private Limited, S M Auto Engineering Pvt Ltd, Lucas Indian Service Limited and 5 more, all in the Automobiles industry (Auto Ancillary).

Roop Lal Meena was appointed as Director on 07 Feb 2025. Mitesh Hasmukhlal Dani ceased to be CFO on 23 Sep 2022. Ashvin Rajabhai Thumar ceased to be Director on 30 Jun 2021. Balu Forge Industries has 27 board changes on record in total.

Balu Forge Industries has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 25 overdue payments to 6 micro and small suppliers. The latest return was filed on 12 Jun 2024.

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