About Balu Forge Industries Limited
Data last updated: 23 December 2025
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 ₹113.99 Cr. Formerly known as Amaze Entertech Limited and Bell Agro Machina Limited. It is led by directors including Trimaan Jaspalsingh 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 the financials filed for FY 2025, the company reported a revenue of ₹940.76 Cr, a growth of 65% compared to the previous year.
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 ₹263.64 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.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media
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Registered Address506 5Th Floor Imperial Palace 45 Telly Park Road Andheri (East), Mumbai, Maharashtra, India – 400069
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IndustryMachinery and Equipment, Industrial Tools & Components
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
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 |
|---|---|---|
| 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
|
Motor vehicle and agricultural parts are manufactured and supplied. | Guelph, Canada, Canada | 1966 |
Oerlikon
|
Powertrain systems and components are manufactured and supplied to OEMs. | Freienbach, Switzerland, Switzerland | 1906 |
LiquidPiston
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Lightweight internal combustion engines are developed for scalable power applications. | Bloomfield, United States, United States | 2003 |
Aquarius Engines
|
Patented engines for hybrid vehicles are developed in Israel. | Rosh Haayin, Israel, Israel | 2014 |
Freudenberg Sealing Technologies
|
Dynamic seals and wipers are manufactured for industrial applications. | Weinheim, Germany, Germany | 1929 |
FPT Industrial
|
Manufacturer and supplier of powertrain components | Turin, Italy, Italy | 2011 |
JMT Auto
|
Engine, axle, and gear components for automobiles are manufactured. | Jamshedpur, India, India | 1987 |
FEV
|
Powertrain components for vehicles are manufactured and supplied by FEV. | Aachen, Germany, Germany | 1978 |
Kinetic Engineering
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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 | ********* |
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 9 directors, with 19 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
|
Trimaan Jaspalsingh Chandock
Also directs:
Balu Forge Industries Limited, Balu Advanced Technologies & Systems Private Limited, Naya Energy Works Private Limited and 1 more
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Whole-Time Director | 19 Nov 2020 | 5 Years 7 Months | Current |
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Shalu Laxmanraj Bhandari
Also directs:
Bajaj Hindusthan Sugar Limited, Balu Forge Industries Limited, Lumino Industries Limited and 4 more
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Director | 30 Jun 2021 | 5 Years 0 Months | Current |
| Jaikaran Jaspalsingh Chandock | Whole-Time Director | 19 Nov 2020 | 5 Years 7 Months | Current |
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Raghvendra Raj Mehta
Also directs:
Balu Forge Industries Limited, Libord Finance Limited
|
Director | 30 Jun 2021 | 5 Years 0 Months | Current |
| Jaspalsingh Prehladsingh Chandock | Managing Director | 19 Nov 2020 | 5 Years 7 Months | Current |
| Radhey Shyam Soni | Director | 30 Jun 2021 | 5 Years 0 Months | Current |
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. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| 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 |
| 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 |
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.
| Mar 2026 | Feb 2026 | Dec 2025 | Sep 2025 | Jun 2025 | May 2025 | |
|---|---|---|---|---|---|---|
| Promoters | 54.39% | 53.92% | 54.87% | 54.85% | 54.85% | 54.85% |
| Public | 45.61% | 46.08% | 45.13% | 45.15% | 45.15% | 45.15% |
| Mar 2026 | Mar 2025 | |
|---|---|---|
| Promoters | 54.39% | 55.25% |
| Public | 45.61% | 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.
| Director | Position | On board since | Listed 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 |
| Committee | Members |
|---|---|
| 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.
| 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
| Date | Lender | Amount | Status |
|---|---|---|---|
| 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 |
| 11 Jul 2025 | Axis Bank Limited | ₹23.85 Lakh | Open |
Total charge records: 18 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 & EPFO Data of Balu Forge Industries Limited
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GST Compliance of Balu Forge Industries Limited
GSTIN & GST Filing Data of Balu Forge Industries Limited
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Credit Ratings, Litigation & Regulatory Alerts for Balu Forge Industries Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Balu Forge Industries Limited
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MSME Payment Delays by Balu Forge Industries Limited
MSME Payment Delays by Balu Forge Industries Limited
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Subsidiaries & Group Companies of Balu Forge Industries Limited
Subsidiaries & Group Companies of Balu Forge Industries Limited
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MCA Filings & Documents of Balu Forge Industries Limited
MCA Filings & Documents of Balu Forge Industries Limited
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Recent Activity on Balu Forge Industries Limited
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 ₹940.76 Cr for FY 2025 (up 65.00% YoY).
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.