| Quarter | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 139 | 147 | 161 | 175 | 223 | 256 | 270 | 233 | 300 | 311 | 264 | 301 | |
Growth YoY Revenue Growth YoY% | 124.5 | 64.5 | 30.2 | 56.0 | 60.1 | 73.9 | 67.3 | 33.0 | 34.4 | 21.6 | -2.3 | 28.9 |
| 109 | 114 | 127 | 132 | 158 | 188 | 195 | 161 | 217 | 227 | 204 | 216 | |
| 30 | 33 | 34 | 43 | 65 | 68 | 75 | 72 | 83 | 85 | 60 | 85 | |
OPM OPM% | 21.6 | 22.3 | 21.3 | 24.6 | 29.3 | 26.5 | 27.8 | 31.0 | 27.6 | 27.2 | 22.7 | 28.2 |
| 4 | 2 | 4 | 1 | 2 | 10 | 4 | 2 | 3 | 4 | 23 | 4 | |
Interest Expense Interest ExpenseCr | 4 | 4 | 4 | 2 | 3 | 2 | 4 | 2 | 4 | 5 | 5 | 5 |
Depreciation DepreciationCr | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 3 | 3 | 3 |
PBT PBTCr | 30 | 30 | 35 | 42 | 64 | 74 | 74 | 70 | 80 | 81 | 75 | 81 |
| 7 | 5 | 6 | 8 | 16 | 15 | 11 | 13 | 15 | 10 | 10 | 15 | |
| 23 | 25 | 28 | 34 | 48 | 59 | 63 | 57 | 65 | 71 | 66 | 66 | |
Growth YoY PAT Growth YoY% | 381.8 | 120.2 | 85.6 | 105.0 | 106.3 | 134.1 | 121.7 | 66.9 | 35.5 | 20.5 | 4.9 | 15.9 |
NPM NPM% | 16.7 | 17.1 | 17.6 | 19.5 | 21.5 | 23.1 | 23.3 | 24.5 | 21.7 | 22.9 | 24.9 | 22.0 |
| 2.5 | 2.6 | 2.8 | 3.3 | 4.5 | 5.5 | 5.7 | 5.0 | 6.1 | 6.4 | 6.3 | 5.5 |
| Quarter | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 139 | 147 | 161 | 175 | 223 | 256 | 270 | 233 | 300 | 311 | 264 | 301 | |
Growth YoY Revenue Growth YoY% | 124.5 | 64.5 | 30.2 | 56.0 | 60.1 | 73.9 | 67.3 | 33.0 | 34.4 | 21.6 | -2.3 | 28.9 |
| 109 | 114 | 127 | 132 | 158 | 188 | 195 | 161 | 217 | 227 | 204 | 216 | |
| 30 | 33 | 34 | 43 | 65 | 68 | 75 | 72 | 83 | 85 | 60 | 85 | |
OPM OPM% | 21.6 | 22.3 | 21.3 | 24.6 | 29.3 | 26.5 | 27.8 | 31.0 | 27.6 | 27.2 | 22.7 | 28.2 |
| 4 | 2 | 4 | 1 | 2 | 10 | 4 | 2 | 3 | 4 | 23 | 4 | |
Interest Expense Interest ExpenseCr | 4 | 4 | 4 | 2 | 3 | 2 | 4 | 2 | 4 | 5 | 5 | 5 |
Depreciation DepreciationCr | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 3 | 3 | 3 |
PBT PBTCr | 30 | 30 | 35 | 42 | 64 | 74 | 74 | 70 | 80 | 81 | 75 | 81 |
| 7 | 5 | 6 | 8 | 16 | 15 | 11 | 13 | 15 | 10 | 10 | 15 | |
| 23 | 25 | 28 | 34 | 48 | 59 | 63 | 57 | 65 | 71 | 66 | 66 | |
Growth YoY PAT Growth YoY% | 381.8 | 120.2 | 85.6 | 105.0 | 106.3 | 134.1 | 121.7 | 66.9 | 35.5 | 20.5 | 4.9 | 15.9 |
NPM NPM% | 16.7 | 17.1 | 17.6 | 19.5 | 21.5 | 23.1 | 23.3 | 24.5 | 21.7 | 22.9 | 24.9 | 22.0 |
| 2.5 | 2.6 | 2.8 | 3.3 | 4.5 | 5.5 | 5.7 | 5.0 | 6.1 | 6.4 | 6.3 | 5.5 |
| Financial Year | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 142 | 286 | 327 | 560 | 924 | 1,107 | 1,175 |
Growth Revenue Growth% | 101.3 | 14.2 | 71.4 | 65.0 | 19.9 | 19.7 | |
| 130 | 249 | 277 | 441 | 673 | 808 | 863 | |
| 12 | 37 | 50 | 119 | 251 | 300 | 312 | |
OPM OPM% | 8.6 | 12.9 | 15.2 | 21.3 | 27.2 | 27.1 | 26.6 |
| 5 | 8 | 13 | 10 | 17 | 33 | 35 | |
Interest Expense Interest ExpenseCr | 7 | 5 | 11 | 14 | 11 | 16 | 19 |
Depreciation DepreciationCr | 1 | 1 | 1 | 2 | 3 | 10 | 12 |
PBT PBTCr | 10 | 39 | 51 | 114 | 254 | 306 | 317 |
| 2 | 9 | 12 | 20 | 50 | 47 | 49 | |
PAT PATCr | 8 | 30 | 39 | 93 | 204 | 259 | 268 |
Growth PAT Growth% | 291.7 | 30.4 | 140.3 | 118.0 | 27.0 | 18.2 | |
NPM NPM% | 5.4 | 10.4 | 11.9 | 16.7 | 22.1 | 23.4 | 22.8 |
| 1.9 | 4.0 | 4.7 | 9.8 | 19.2 | 23.9 | 24.3 |
| Financial Year | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 142 | 286 | 327 | 560 | 924 | 1,107 | 1,175 |
Growth Revenue Growth% | 101.3 | 14.2 | 71.4 | 65.0 | 19.9 | 19.7 | |
| 130 | 249 | 277 | 441 | 673 | 808 | 863 | |
| 12 | 37 | 50 | 119 | 251 | 300 | 312 | |
OPM OPM% | 8.6 | 12.9 | 15.2 | 21.3 | 27.2 | 27.1 | 26.6 |
| 5 | 8 | 13 | 10 | 17 | 33 | 35 | |
Interest Expense Interest ExpenseCr | 7 | 5 | 11 | 14 | 11 | 16 | 19 |
Depreciation DepreciationCr | 1 | 1 | 1 | 2 | 3 | 10 | 12 |
PBT PBTCr | 10 | 39 | 51 | 114 | 254 | 306 | 317 |
| 2 | 9 | 12 | 20 | 50 | 47 | 49 | |
PAT PATCr | 8 | 30 | 39 | 93 | 204 | 259 | 268 |
Growth PAT Growth% | 291.7 | 30.4 | 140.3 | 118.0 | 27.0 | 18.2 | |
NPM NPM% | 5.4 | 10.4 | 11.9 | 16.7 | 22.1 | 23.4 | 22.8 |
| 1.9 | 4.0 | 4.7 | 9.8 | 19.2 | 23.9 | 24.3 |
| Financial Year | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 69 | 82 | 83 | 103 | 111 | 121 |
Reserves ReservesCr | 7 | 75 | 114 | 427 | 853 | 1,473 |
| 81 | 117 | 161 | 134 | 182 | 224 | |
| 13 | 9 | 13 | 26 | 17 | 32 | |
| 171 | 284 | 371 | 712 | 1,252 | 1,851 | |
| 128 | 235 | 299 | 493 | 568 | 794 | |
| 43 | 50 | 72 | 219 | 685 | 1,057 | |
| 171 | 284 | 371 | 712 | 1,252 | 1,851 |
| Financial Year | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 69 | 82 | 83 | 103 | 111 | 121 |
Reserves ReservesCr | 7 | 75 | 114 | 427 | 853 | 1,473 |
| 81 | 117 | 161 | 134 | 182 | 224 | |
| 13 | 9 | 13 | 26 | 17 | 32 | |
| 171 | 284 | 371 | 712 | 1,252 | 1,851 | |
| 128 | 235 | 299 | 493 | 568 | 794 | |
| 43 | 50 | 72 | 219 | 685 | 1,057 | |
| 171 | 284 | 371 | 712 | 1,252 | 1,851 |
| Financial Year | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| 17 | -58 | 26 | -32 | 148 | 32 | |
| -3 | -8 | -21 | -134 | -416 | -354 | |
| -12 | 69 | -6 | 249 | 273 | 315 | |
Net Cash Flow Net Cash FlowCr | 2 | 4 | -1 | 83 | 5 | -7 |
Free Cash Flow Free Cash FlowCr | 14 | -65 | 5 | -166 | -267 | -175 |
CFO To PAT CFO To PAT% | 227.4 | -193.5 | 67.2 | -33.9 | 72.6 | 12.2 |
CFO To EBITDA CFO To EBITDA% | 141.5 | -155.8 | 52.5 | -26.6 | 58.9 | 10.6 |
| Financial Year | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| 17 | -58 | 26 | -32 | 148 | 32 | |
| -3 | -8 | -21 | -134 | -416 | -354 | |
| -12 | 69 | -6 | 249 | 273 | 315 | |
Net Cash Flow Net Cash FlowCr | 2 | 4 | -1 | 83 | 5 | -7 |
Free Cash Flow Free Cash FlowCr | 14 | -65 | 5 | -166 | -267 | -175 |
CFO To PAT CFO To PAT% | 227.4 | -193.5 | 67.2 | -33.9 | 72.6 | 12.2 |
CFO To EBITDA CFO To EBITDA% | 141.5 | -155.8 | 52.5 | -26.6 | 58.9 | 10.6 |
| Financial Year | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 1,439 | 980 | 731 | 2,099 | 6,985 | 4,689 | 6,234 |
Price To Earnings Price To Earnings | 188.9 | 32.8 | 18.8 | 22.4 | 34.7 | 18.1 | 21.1 |
Price To Sales Price To Sales | 10.1 | 3.4 | 2.2 | 3.8 | 7.6 | 4.2 | 5.3 |
Price To Book Price To Book | 19.1 | 6.2 | 3.7 | 4.0 | 7.3 | 2.9 | 3.9 |
EV To EBITDA EV To EBITDA | 119.4 | 27.5 | 15.6 | 17.3 | 27.6 | 15.8 | 20.5 |
GPM GPM% | 22.1 | 23.0 | 30.6 | 32.8 | 34.8 | ||
OPM OPM% | 8.6 | 12.9 | 15.2 | 21.3 | 27.2 | 27.1 | 26.6 |
NPM NPM% | 5.4 | 10.4 | 11.9 | 16.7 | 22.1 | 23.4 | 22.8 |
ROCE ROCE% | 16.1 | 21.6 | 24.5 | 22.0 | 26.4 | 18.7 | 18.7 |
ROE ROE% | 10.1 | 18.9 | 19.7 | 17.6 | 21.2 | 16.2 | 16.2 |
ROA ROA% | 4.5 | 10.5 | 10.5 | 13.1 | 16.3 | 14.0 | 14.0 |
| Financial Year | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 1,439 | 980 | 731 | 2,099 | 6,985 | 4,689 | 6,234 |
Price To Earnings Price To Earnings | 188.9 | 32.8 | 18.8 | 22.4 | 34.7 | 18.1 | 21.1 |
Price To Sales Price To Sales | 10.1 | 3.4 | 2.2 | 3.8 | 7.6 | 4.2 | 5.3 |
Price To Book Price To Book | 19.1 | 6.2 | 3.7 | 4.0 | 7.3 | 2.9 | 3.9 |
EV To EBITDA EV To EBITDA | 119.4 | 27.5 | 15.6 | 17.3 | 27.6 | 15.8 | 20.5 |
GPM GPM% | 22.1 | 23.0 | 30.6 | 32.8 | 34.8 | ||
OPM OPM% | 8.6 | 12.9 | 15.2 | 21.3 | 27.2 | 27.1 | 26.6 |
NPM NPM% | 5.4 | 10.4 | 11.9 | 16.7 | 22.1 | 23.4 | 22.8 |
ROCE ROCE% | 16.1 | 21.6 | 24.5 | 22.0 | 26.4 | 18.7 | 18.7 |
ROE ROE% | 10.1 | 18.9 | 19.7 | 17.6 | 21.2 | 16.2 | 16.2 |
ROA ROA% | 4.5 | 10.5 | 10.5 | 13.1 | 16.3 | 14.0 | 14.0 |
Documents — Balu Forge Industries Ltd