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Balu Forge Industries

BALUFORGE
Small Cap
(%) 1D
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1D1W1M3M6M1YMAX

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Balu Forge Industries Share price and Fundamental Analysis

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Bell Agro Machina Limited (formerly known as Amaze Entertech Limited) is a Public Limited Company, incorporated in March 17, 1989. The Company was founded under the leadership of Late Mr. Prehlad Singh Chandock. The Company is in the business of manufacturing of steel forging products. The Company is a preferred supplier of crankshafts to OEM's in India and around the world with manufacturing facilities at Belagavi in Karnataka.
Company Incorporation1989
ChairmanJaspalsingh Prehladsingh Chandock
Head QuartersNA
Previous NameAmaze Entertech Ltd

Key Metrics

Market Cap (Cr)
5,854.59
PE Ratio
34.56
Industry P/E
32.89
PEG Ratio
0.35
ROE
14.85%
ROCE
18.74%
ROA
15.26%
Total Debt (Cr)
59.12
Debt to Equity
0.06
Dividend Yield
0.03%
EPS
15.48
Book Value & P/B
83.44 x 6.41
Face Value
10
Outstanding Shares(Cr)
10.94
Current Ratio
4.79
EV to Sales
6.97

Included In

+More

Stock Returns

1 Week-1.22%
1 Month-3.03%
6 Months-34.05%
1 Year+86.35%
3 Years+92.74%
5 Years+92.74%

CAGR

1 Year CAGR

Revenue Growth

+71.4%

Net Profit Growth

+140.73%

Operating Profit Growth

+107.51%

Dividend Growth

N/A

Stock Returns CAGR

+87.61%
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3.6
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Apr 25

Promoters : 55.78%

FIIs : 6.98%

DIIs : 1.06%

Public : 36.18%

Promoter
FII/FPI
DII
Public
Promoter Pledge stands at 0.0% of holding in April 2025 Qtr
Promoter Shareholding Increased by 0.53% to 55.78% in April 2025 Qtr
DII Shareholding Increased by 0.1% to 1.06% in April 2025 Qtr
FII Shareholding Decreased by 0.1% to 6.98% in April 2025 Qtr

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ROE

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ROCE

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ROA

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Dividend History

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Balu Forge Industries Management and History

Company Management

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Company History

Bell Agro Machina Limited (formerly known as Amaze Entertech Limited) is a Public Limited Company, incorporated in March 17, 1989. The Company was founded under the leadership of Late Mr. Prehlad Singh Chandock. The Company is in the business of manufacturing of steel forging products. The Company is a preferred supplier of crankshafts to OEM's in India and around the world with manufacturing facilities at Belagavi in Karnataka.

The Company was the first entity in India to mass-produce Crankshafts suitable for Tractor, Trucks and Passenger car applications. The Company developed a very extensive range of components for leading Original Equipment Manufacturers within India and the rest of the world & established a strong aftermarket presence in over 80 countries. The ISO/TS1 6949: 2009 accreditation of units in 2012 by TUV Nord Cert Gmbh added to competitive edge making Balu one of the very few companies to have this accreditation and symbolizing quality & excellence in the field of manufacturing crankshafts.

The Company have the capability to forge any components via the closed die production route & offer the same as Raw Forged, Semi Finished, Fully Finished & Fully Assembled. It offer a range of Precision Machining Options & each process is tailored to the component in Production. It also secured & successfully supplied for over 5 years to Defense Forces in two prominent European Countries and executed supply as a single source to these nations.

The Company's solution ranges from a range of products through the Space of BEVs /PHEVs /Hydrogen Vehicles. The process involved conventional automotive excellence partnered with the incremental innovation to offer minimum weight, maximum load-bearing capacity, high reliability & overall cost-effectiveness. A state of the art dedicated R&D Centre is presently under construction which will spread over 8000 Square Meters & serve as the backbone of the Company's new direction. The R&D center will also house Naya Energy Work's R&D Division. A number of new material chemistry have been worked on during the many R&D Projects to assess the material compositions & applications of newer metals. The New Energy Era has led to a number of opportunities & rise to newer applications of conventional metals with innovative manufacturing processes.

The Company use a number of additive manufacturing methodologies for rapid prototyping & new product development. This ensures flexibility & speed in the New Product Development process & ensures a rapid development of New Prototypes. The use of 3D scanning also adds efficiency & speeds up the entire design & development process. The In-house infrastructure for 3D scanning can measure up to 5 Million points in 2 seconds & 7-20 pm accuracy. The Additive Manufacturing Centre also formulates a good foundation for company's venture in the Aerospace Industry with a large product portfolio that now is possible by the Additive Manufacturing Methodology. 3D printing also is a key area as part of in-house tool room strategy as key components from the manufacturing process can now be produced inhouse in the 3D printing center. The machining facilities are well supported with state-of-the-art Infrastructure namely, Comprehensive In-House Tool Room, Metallurgical Labs, Design & Process Facilities and Inspection & Tests Facilities.

The Company is now an avant-garde manufacturer of fully finished and semi-finished forged crankshafts and other forged components. The Company's incremental innovation & continuous strive to improve has awarded by making the only company to have the capability to manufacture components conforming to the New Emission Regulations & the New Energy Vehicles. The Company continually strove to broaden manufacturing base and with the acquisition of state of the art production lines from Poland in the year 2006 and 2011 from France. Its capability has expanded to produce crankshafts up to 2.5 meters in length and the installed capacity has increased to 30,000 fully finished crankshafts per month.

In 1991, the first range of component was manufactured and developed at the Company's factory.

In 1995, the first component was exported to an overseas market by the Company.

In the period of 1999-2004, the Company bagged the ACMA export award for excellence in exports.

The Company purchased & installed the Ursus Manufacturing Plant from Ursus, Poland in the year 2006.

In 2010, the Company purchased & installed the the Thyssenkrupp Plant from L'horme, France.

In 2011, the company successfully achieved the milestone of building a presence in over 80 countries worldwide.

In 2012, the Company got accredited with ISO/TS 16949:2009 accreditation from world renowned company TUV NORD.

The Company coined Concurrent Engineering' to achieve better flexibility & speed in development of projects during the year 2013.

In 2014, the company achieved manufacturing of 1000 crankshafts in a single day.

In FY 2014-15, the Company delisted its shares from Bangalore Stock Exchange Limited vide its order dated 22nd August 2014. The Shares of the Company are listed and traded on BSE Limited.

During FY 2014-15, the Company reduced the Capital of Company to Rs. 35,00,000 divided into 3,50,000 equity shares of Rs. 10/- each by canceling 31,50,000 equity shares of Rs. 10/- each aggregating to Rs. 3,15,00,000/- after receiving approval from the Hon'ble High Court of Bombay vide their order dated September 26, 2014.

In 2015, the Company manufactured & supplied components on railways & military application.

In 2016, the Company established as a second source to Bharat Forge in the manufacturing of crankshafts.

The Company became a supplier of choice to over 25 OEs spread over 6 Continents in the year 2017.

During the year 2017, the name of the Company was change from Bell Agro Machina Limited to Amaze Entertech Limited and the object clause of the Company was altered to include the Object Clauses related to Information Technology and allied areas of operations vide special resolution passed through postal ballot conducted pursuant to section 110 of the companies act, 2013, read with rule 22 of the companies (management and administration) rules, 2014 on January 17, 2017.

In 2018, the Company set up operations at the newly acquired Forging Factory. The Company laid the foundation to establish a new 25 acre factory in Belgaum, Karnataka and sought birth of Naya Enery, with a focus on New Energy Solutions.

In 2019, the Company achieved 100% in- house production & laid the foundation for the new 6400 T & 8000 Press lines.

The Company became an approved vendor to the majority of the 41 Ordnance Factories, a part of Ordnance Factory Board in India and for supply of 181 Components to the above factories in FY 2020. The Company got accredited with the 14001: 2015 & ISO 45001: 2018 Certifications during the same period.

Mr. Jaspalsingh Chandock (Proprietor of M/s. Balu India) had a strategic vision of expansion and to achieve the same, considered business expansion, through reverse merger of M/s. Balu India with Amaze Entertech Limited (the Company). During 2020-21, the Company vide Business Succession Agreement dated 3 August 2021 agreed to acquire the business of M/s Balu India, a sole proprietary concern of which the business was conducted by a Proprietor Mr. Jaspalsingh Chandock. The name of Amaze Entertech Limited changed to Balu Forge Industries Limited with effect from 30 September, 2020. In accordance with the terms and conditions set out in the agreement, in consideration for succession of the business, the Company has issued on preferential allotment basis and Mr. Jaspalsingh Chandock (the Proprietor of M/s. Balu India) has subscribed, 4,78,40,000 Equity Shares of the Company without cash consideration, on 24 September 2020, resulted in the proprietor own the majority of shares and control the majority of votes in the combined entity BFIL. The Company has also made preferential allotment of 2,04,25,000 equity shares of Rs. 10/- each for cash at par to the Non Promoters (Public Category).

During the year 2021, the Board approved the investment in Safa Otomotiv FZ- LLC in Dubai as a wholly owned subsidiary .

Balu Forge Industries Share Price

Balu Forge Industries share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.

Balu Forge Industries Market Cap

Market capitalization of Balu Forge Industries indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Balu Forge Industries is valued compared to its competitors.

Balu Forge Industries PE Ratio

Balu Forge Industries PE ratio helps investors understand what is the market value of each stock compared to Balu Forge Industries 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.

Balu Forge Industries PEG Ratio

The PEG ratio of Balu Forge Industries evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.

Balu Forge Industries ROE (Return on Equity)

Return on Equity (ROE) measures how effectively Balu Forge Industries generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.

Balu Forge Industries ROCE (Return on Capital Employed)

Return on Capital Employed (ROCE) evaluates the profitability of Balu Forge Industries in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.

Balu Forge Industries Total Debt

Total debt of Balu Forge Industries shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.

Balu Forge Industries Debt to Equity Ratio

The Debt-to-Equity (DE) ratio of Balu Forge Industries compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.

Balu Forge Industries CAGR (Compound Annual Growth Rate)

CAGR shows the consistent growth rate of Balu Forge Industries over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.

Balu Forge Industries Technical Analysis

Technical analysis of Balu Forge Industries helps investors get an insight into when they can enter or exit the stock. Key components of Balu Forge Industries Technical Analysis include:

Support Levels (S1, S2, S3)

There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.

Resistance Levels (R1, R2, R3)

There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Balu Forge Industries shares often struggle to rise above due to selling pressure.

Balu Forge Industries Dividends

Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Balu Forge Industries ’s financial health and profitability.

Balu Forge Industries Bonus Shares

Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.

Balu Forge Industries Stock Split

Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.

Balu Forge Industries Financials

The financials of Balu Forge Industries provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.

Balu Forge Industries Profit and Loss Statements

The profit and loss statement of Balu Forge Industries highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Balu Forge Industries .

Balu Forge Industries Balance Sheet

The balance sheet presents a snapshot of Balu Forge Industries ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.

Balu Forge Industries Cashflow Statements

Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.

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