Balu Forge Industries Limited (BALUFORGE) Fair Value & Analysis
Industrials · IN · Market cap ₹52.3B
Fair value as of: Aug 2, 2026
From 17 valuation models · updated 11 days ago
Share price −1.0% over the past month.
Below-average quality, and screening another 17% overvalued on our models.
What matters now
- Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts.
- A fairly wide model range (₹287.05 to ₹655.90) leaves room in how you read the outcome.
Price vs Fair Value (2 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.
How to read this chart
27‑month range ₹260.84 – ₹853.99 · fair‑value band ₹287.05 – ₹655.90 · the ₹463.00 price screens above the ₹382.73 fair value. Dashed = 300-day average. As of Aug 2, 2026.
Analysis
Balu Forge Industries Limited (BALUFORGE) currently trades at ₹463.00, while our model-based Fair Value estimate is ₹382.73, implying the stock looks roughly 17.3% overvalued today. The Quality Score stands at 42/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Balu Forge Industries Limited generated revenue of ₹11.1B at a net margin of 23.4%. Revenue declined 2.3% year over year. It earns a return on equity of 19.6%. Net debt stands at ₹629M. Fundamentals as of Aug 2, 2026
Our scenario range runs from ₹287.05 (bear case) to ₹655.90 (bull case); at ₹463.00, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 36% below its 52-week high and 36% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -66% fair-value upside, at -17%, BALUFORGE screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 17 models by family
Widest divergence: Growth Earnings (₹1,031) versus Dividend Discount (₹2.35). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 42 · Market factors (momentum, volatility) 37
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Balu Forge Industries Limited manufactures and sells crankshafts in India and internationally. 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.
Full company description
Balu Forge Industries Limited manufactures and sells crankshafts in India and internationally. 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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Balu Forge Industries Limited 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.
BALUFORGE screens 17% overvalued. Compare with Carpenter Technology Corporation →
Peer Group
Metal Fabrication · 248 stocks
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.
Valuation Multiples vs Metal Fabrication median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Metal Fabrication stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Carpenter Technology Corporation CRS | $577.10 | $103.31 | -82% |
| ATI Inc ATI | $186.17 | $36.51 | -80% |
| Mueller Industries, Inc MLI | $59.13 | $60.24 | +2% |
| China International Marine Containers (Group) Co 000039 | ¥8.99 | ¥3.39 | -62% |
| JL Mag Rare-Earth Co 300748 | ¥31.69 | ¥8.74 | -72% |
| Ningbo Zhenyu Technology Co 300953 | ¥131.65 | ¥44.23 | -66% |
| Western Superconducting Technologies Co 688122 | ¥53.58 | ¥24.43 | -54% |
| Anhui Yingliu Electromechanical Co 603308 | ¥48.52 | ¥8.07 | -83% |
| Baoding Technology Co 002552 | ¥43.95 | ¥5.44 | -88% |
| Xiamen Voke Mold & Plastic Engineering Co 301196 | ¥110.08 | ¥42.71 | -61% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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