BELL AGROMACHINA ORD T (BSE) (BALUFORGE) fair value: what the stock is really worth
As of Nov 11, 2026: fair value (intrinsic value) of BELL AGROMACHINA ORD T (BSE) stock ₹400, price ₹534, that is 25.1% below the price, quality 35 out of 100. Rating: overvalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 11, 2026.
How to read this chart
30‑month range ₹260.84 – ₹853.99 · fair‑value band ₹298.70 – ₹501.47 · the ₹533.85 price screens above the ₹400.08 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 11, 2026.
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Balu Forge Industries Limited manufactures and sells crankshafts in India and internationally.
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The company also offers railway wheels, under carriages, transmission and clutches, chassis, hydraulic motors, brake parts, lifting hooks, towing accessories, turbine blades, empty shells, and forged components as well as oil and gas, and flow control products.
It supplies crankshafts to original equipment manufacturers.
The company serves the agriculture tractor and harvester; defense; oil and gas pump compressor; heavy duty truck, bus, and trailer automotive; generator industrial, standby home backup, and portable; refrigeration compressor industrial; railway; aerospace; marine; locomotive; off road and on road motorcycle, cart, and jet ski; racing; earth-moving equipment; and e-mobility industries.
Balu Forge Industries Limited is based in Mumbai, India.
Stock analysis
BELL AGROMACHINA ORD T (BSE) (BALUFORGE) currently trades at ₹533.85, while our model-based Fair Value estimate is ₹400.08, 25% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹976.34 per share, and 5 of the 16 models we run sit above the ₹533.85 price.
Bear case: the Asset-Based group reads lowest at ₹44.28, and 11 of the 16 models stay below the price. Data coverage for this calculation is high.
Scenario range: ₹298.70 (bear) to ₹501.47 (bull), the price of ₹533.85 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 35/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
BELL AGROMACHINA ORD T (BSE) reported revenue of ₹11.1B in FY2026 versus ₹2.8B in FY2022, a compound +41.5%/yr. Reported net income was ₹2.6B in FY2026, compounding +71.6%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.
Key figures
Market cap ₹64.8B (≈ $692M) Small · P/E ratio 22.2 · P/S ratio 5.52 · EPS (TTM) ₹24.01 · Dividend yield 0.0% · Net margin 22.8% · Return on equity 19.6% · Return on assets (EBIT) 16.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 78 out of 100 (low confidence).
What moves the price
The share trades about 18% below its 52-week high and 50% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −35% fair-value upside, at −25%, BALUFORGE screens cheaper than that median.
Fair Value models
Bear₹298.70Fair Value ₹400.08Bull₹501.47
Price ₹533.85 · Downside -25.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹14.87 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+19.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+50.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+51.7%
Start year 2021 (pandemic). Over 10 years: +174.8% a year
Revenue growth 12 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+120.9%
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What shareholders gained per year (last 5 years), in INR (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+65.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+65.9%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.62.3% vs 42.9%, picking up
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.5% → 26%
2026 sits 119% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Compare BELL AGROMACHINA ORD T (BSE) with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Metal Fabrication · 263 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score35 · Bottom 25%
Fair Value upside−25.1% · Above median
Profitability
Return on equity (12 months)19.6% · Top 25%
Return on assets14.0% · Top 25%
Net margin (12 months)22.8% · Top 25%
Operating margin (12 months)27.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)29.0% · Top 25%
Dividend yield (12 months)0.0% · Bottom 25%
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Metal Fabrication median · lower = cheaper
P/E (12 months)22.2× · Cheaper than median
P/B4.06× · Priciest 25%
P/S (12 months)5.52× · Priciest 25%
EV/EBITDA20.5× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 65
PAST (return on equity)78· sector 24
HEALTH (low debt)100· sector 95
DIVIDEND (yield)1· sector 25
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "BELL AGROMACHINA ORD T (BSE) Fair Value". https://www.fairvalue-calculator.com/stock/BALUFORGE
Frequently asked questions
Is BELL AGROMACHINA ORD T (BSE) (BALUFORGE) overvalued or undervalued?
As of Nov 11, 2026, our model estimates a fair value of ₹400.08 versus a price of ₹533.85, about 25% lower (overvalued).
What is the fair value of BALUFORGE?
Our model-based fair value for BELL AGROMACHINA ORD T (BSE) is ₹400.08 (as of Nov 11, 2026), built from audited fundamentals. The current price: ₹533.85.
What is the quality score of BALUFORGE?
BELL AGROMACHINA ORD T (BSE) has a Quality Score of 35/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for BELL AGROMACHINA ORD T (BSE) (BALUFORGE)?
Our model-based price target is the fair value of ₹400.08 (as of Nov 11, 2026) from 16 valuation models. Cautious scenario ₹298.70, optimistic scenario ₹501.47. It is a calculation from audited fundamentals, not an analyst target.
What is the BELL AGROMACHINA ORD T (BSE) stock forecast for 2026?
Our models put fair value at ₹400.08, about 25% lower versus a price of ₹533.85 (overvalued). Cautious scenario ₹298.70, optimistic scenario ₹501.47. The calculation is refreshed regularly with new filings.
What is the revenue of BELL AGROMACHINA ORD T (BSE) (BALUFORGE)?
BELL AGROMACHINA ORD T (BSE) reported trailing-twelve-month revenue of about ₹11.7B (latest available figure, as of Nov 11, 2026).
Does BELL AGROMACHINA ORD T (BSE) pay a dividend?
BELL AGROMACHINA ORD T (BSE) currently shows a dividend yield of 0.03% relative to its recent price (as of Nov 11, 2026).
How much is the dividend of BELL AGROMACHINA ORD T (BSE) (BALUFORGE)?
BELL AGROMACHINA ORD T (BSE) has a dividend yield of 0.0%.
What is the intrinsic value of BELL AGROMACHINA ORD T (BSE) (BALUFORGE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For BELL AGROMACHINA ORD T (BSE) it is ₹400.08 per share (as of Nov 11, 2026), against a price of ₹533.85. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is BELL AGROMACHINA ORD T (BSE) stock overvalued or undervalued in 2026?
As of Nov 11, 2026, BALUFORGE trades above its calculated fair value: price ₹533.85, fair value ₹400.08, a gap of about −25% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BALUFORGE?
No. The price is what the market pays today (₹533.85); the fair value is what the company's own numbers justify (₹400.08). For BELL AGROMACHINA ORD T (BSE) the two are ₹133.77 per share apart. That gap is exactly why we show both numbers side by side.
How much is BELL AGROMACHINA ORD T (BSE) worth?
The market values BELL AGROMACHINA ORD T (BSE) at about ₹64.8B (market capitalisation, as of Nov 11, 2026). Per share that is ₹533.85; our models calculate a fair value of ₹400.08 per share.
What do the bullish and bearish scenarios say about BALUFORGE?
Our models span a range for BELL AGROMACHINA ORD T (BSE): cautious scenario ₹298.70, base ₹400.08, optimistic ₹501.47 per share (as of Nov 11, 2026, price ₹533.85). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BALUFORGE?
BELL AGROMACHINA ORD T (BSE) trades at a price-to-earnings ratio of 22.2 (as of Nov 11, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹400.08 is built from several models across several years. Other multiples: P/B 4.1, P/S 5.5, EV/EBITDA 20.5.
How solid is the balance sheet of BELL AGROMACHINA ORD T (BSE) (BALUFORGE)?
Balance-sheet figures for BELL AGROMACHINA ORD T (BSE) (as of Nov 11, 2026): return on equity 19.6%, debt of 0.01 per unit of equity. They feed the Quality Score of 35/100, which measures business quality independently of the share price.
How far is BALUFORGE from its 52-week high?
BELL AGROMACHINA ORD T (BSE) trades at ₹533.85, about 18% below its 52-week high of ₹653.40 and 50% above the low of ₹356.30 (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of ₹400.08 is for.
Which stocks are comparable to BELL AGROMACHINA ORD T (BSE)?
From the same area (Industrials) we also value ATI Inc, Carpenter Technology Corporation, Mueller Industries, Inc, Bharat Forge Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is BELL AGROMACHINA ORD T (BSE) stock attractive at the current price?
The data as of Nov 11, 2026: price ₹533.85, calculated fair value ₹400.08 (−25%), Quality Score 35/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BALUFORGE calculated?
We run BELL AGROMACHINA ORD T (BSE) through 16 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ₹400.08 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0% above its aggregate fair value. BELL AGROMACHINA ORD T (BSE) itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of BELL AGROMACHINA ORD T (BSE) (BALUFORGE)?
The closing price on Nov 11, 2026 was ₹533.85. Our model-based fair value is ₹400.08, about 25% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with BELL AGROMACHINA ORD T (BSE) right now?
The price sits above even our optimistic bull case (₹501.47). The favourable scenario is already priced in. Weak quality (35/100) and above fair value at the same time, the margin of safety is missing on both counts.
Key figures of BELL AGROMACHINA ORD T (BSE)
How large is the market capitalisation of BELL AGROMACHINA ORD T (BSE) (BALUFORGE)?
The market capitalisation of BELL AGROMACHINA ORD T (BSE) is ₹64.8B (≈ $692M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of BELL AGROMACHINA ORD T (BSE) (BALUFORGE)?
The price-to-sales ratio of BELL AGROMACHINA ORD T (BSE) is 5.52 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of BELL AGROMACHINA ORD T (BSE) (BALUFORGE)?
Earnings per share at BELL AGROMACHINA ORD T (BSE) are ₹24.01 (price ÷ EPS = P/E 22.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of BELL AGROMACHINA ORD T (BSE) (BALUFORGE)?
The dividend yield of BELL AGROMACHINA ORD T (BSE) is 0.0% (payout 0.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of BELL AGROMACHINA ORD T (BSE) (BALUFORGE)?
The net margin of BELL AGROMACHINA ORD T (BSE) is 22.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of BELL AGROMACHINA ORD T (BSE) (BALUFORGE)?
The return on equity (ROE) of BELL AGROMACHINA ORD T (BSE) is 19.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of BELL AGROMACHINA ORD T (BSE) (BALUFORGE)?
On an EBIT basis the return on assets of BELL AGROMACHINA ORD T (BSE) is 16.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of BELL AGROMACHINA ORD T (BSE) (BALUFORGE)?
The operating margin of BELL AGROMACHINA ORD T (BSE) is 27.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at BELL AGROMACHINA ORD T (BSE) (BALUFORGE)?
Revenue at BELL AGROMACHINA ORD T (BSE) is growing +29.0% versus a year earlier (3y avg +50.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at BELL AGROMACHINA ORD T (BSE) (BALUFORGE)?
Earnings per share at BELL AGROMACHINA ORD T (BSE) are growing +88.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does BELL AGROMACHINA ORD T (BSE) (BALUFORGE) generate?
The free cash flow of BELL AGROMACHINA ORD T (BSE) is −₹1.9B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does BELL AGROMACHINA ORD T (BSE) (BALUFORGE) carry?
The net debt of BELL AGROMACHINA ORD T (BSE) is ₹662M (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 11, 2026