529.60
+5.56%
Close of 9 Nov 2026, in INR
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About Balu Forge Industries
Its shares trade on NSE under the ticker BALUFORGE.NS. It has been listed since 1 May 1994. In the fiscal year to 31 March 2026, it reported revenue of ₹11.07bn and net income of ₹2.59bn. At that date it held total assets of ₹18.51bn and shareholders' equity of ₹15.95bn.
Balu Forge Industries Ltd. engages in the manufacture and sale of steel forging products. The company is headquartered in Belgaum, Karnataka. The firm offers raw forged, semi-finished, fully finished or assembled products, such as crankshafts, carriage, which include track shoe, track link, track roller, carries roller, sprocket, track chain, idler, and chassis, which include front axle beams, steering knuckles, control arm, fork, and steering. The firm provides transmission and clutches, which includes drive shafts, input and output shafts, main shafts, yokes; turbine blades; oil, gas and flow control, such as stainless steel flanges, valve components, stub ends, forged and hydraulic fittings; hydraulic motors, such as rotor, track, body and piston of brakes; brake parts, such as hub, brake flange, disc, caliper; hooks, such as sorting, snap, shank, ramshorn lifting hooks, and towing accessories, such as swan necks, flange balls, tow bar supply.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Industrials
- Industry
- Machinery
- Listed since
- 1 May 1994
- Employees
- 700
- Website
- baluindustries.com ↗
Leadership
Pay as last reported
- Mr. Jaspalsingh ChandockChairman of the Board, Managing Director, since 2020₹4.8m
- Mr. Amit TodkariChief Financial Officer
- Mr. Sadik PatelChief Operating Officer
- Ms. Tabassum BegumCompliance Officer, Company Secretary
- Mr. Jaikaran ChandockWhole Time Director, since 2020₹1.2m
- Mr. Trimaan ChandockWhole Time Director, since 2020₹1.2m
- Ms. Shalu BhandariIndependent Director₹220,000
- Mr. Raghvendra MehtaIndependent Director₹180,000
- Mr. Radhey SoniIndependent Director₹220,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Balu Forge Industries Ltd manufactures diverse steel forging products for multiple sectors.
- The company employs 700 full-time staff in its Belgaum operations.
- Product range includes crankshafts, turbine blades, and hydraulic motor components.
Weaknesses
- The firm is headquartered in Belgaum, which may limit local talent access.
- Listing date of 1 May 1994 indicates an older market presence.
- Reliance on specific raw forged materials could constrain production flexibility.
Opportunities
- Growing demand for transmission components like drive shafts and yokes.
- Expansion into oil and gas flow control valve components.
- Increasing need for brake parts such as discs and calipers.
Threats
- Fluctuating steel prices impact the cost of raw forged materials.
- Competition in the machinery sector affects pricing of crankshafts.
- Economic downturns reduce demand for hydraulic fittings and track shoes.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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