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Balu Forge Industries Ltd

₹ 802.30 +12.80 (1.62%)

Updated on 13-09-2024 4:43 PM

Stock Rating

Pros 2

 

Cons 9

Price Performance

  • Day's Low
  • ₹772.7
  • Day's High
  • ₹823
₹ 802.3
  • 52-w low
  • ₹222.85
  • 52-w high
  • ₹866.5
802.3
  • Day's open
    ₹792.8
  • Previous close
    ₹789.5
  • VWAP
    ₹805.78
  • Lower price band
    ₹641.85
  • Upper price band
    ₹962.75

Today's Market Action

The last traded share price of Balu Forge Industries Ltd was 802.30 up by 1.62% on the NSE. Its last traded stock price on BSE was 801.65 up by 1.65%. The total volume of shares on NSE and BSE combined was 972,098 shares. Its total combined turnover was Rs 78.32 crores.

Medium and Long Term Market Action

Balu Forge Industries Ltd hit a 52-week high of 866.5 on 10-09-2024 and a 52-week low of 222.85 on 04-06-2024. The stock price of Balu Forge Industries Ltd is up by 41% over the last one month. Don't forget to check the full stock price history in the table below.

Fundamentals

  • Market Cap (Cr): 8429

  • Book Value (₹):

  • Stock P/E:

  • Revenue (Cr):

  • Total Debt (Cr):

  • Face Value (₹):

  • Roce (%):

  • ROE (%):

  • Earnings (Cr):

  • Promoter’s Holdings (%):

  • EPS (₹):

  • Debt to Equity:

  • Dividend Yield (%):

  • Cash (Cr):

Mutual fund holdings and trends

FUND NAME Quantity Monthly Change (Qty)

Shareholding Pattern

Similar Stocks

Company Price Market Cap (Cr) P/E

About

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FAQ's

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How to Buy Balu Forge Industries Ltd Share?

(*All values are in Rs. Cr)
(*All values are in Rs. Cr)
(*All values are in Rs. Cr)
(*All values are in Rs. Cr)
(*All values are in Rs. Cr)

Consolidated Financial Performace In Graph(Net Profit)

Standalone Financial Performace In Graph(Net Profit)

(*All values are in Rs. Cr)

Consolidated Financial Performace In Graph(Net Profit)

Standalone Financial Performace In Graph(Net Profit)

(*All values are in Rs. Cr)

Consolidated Financial Performace In Graph(Cash Flow)

Standalone Financial Performace In Graph(Cash Flow)

Pros

  • Above Average Sustainable RoE
    The company generates a sustainable return on equity greater than the expected cost of capital which implies that the underlying business can create and compound value over a period time due to it's ability to generate above average return on capital.
  • Zero Debt
    The company has almost nil to negligible debt to equity ratio of 0.10. Considering the fact that the business is debt free, equity shareholders shall carry lower risk of holding the stock.

Cons

  • Low Return on Capital Employed
    The company is unable to generate sufficient return on capital employed which impairs it's ability to generate high return for shareholders after accounting for taxes, interest and other non-equity stakeholders.
  • Poor Cash Flow Conversion
    The business has very poor cash conversion ratio of only 7.84% of operating earnings getting converted into operating cash flow. This implies that increase in profits has not translated into higher cash flows for the business and incrementally higher investments in working capital which works negatively for shareholders.
  • Low Interest Coverage
    The company has a very low Interest coverage ratio of 6.57 times which implies that a large portion of operating profits are getting attributed to payment of interest to debtholders. This leaves lower earnings and cash flows for equity shareholders which is negative for returns.
  • Highly Cyclical Industry
    The company operates an extremely cyclical business with unpredictable earnings and cash flows. This shall result in very high stock price volatility and returns which would negatively impact shareholder returns.
  • Low Pricing Power & High Competition
    The business has extremely low pricing power and is vulnerable to competitive pressure which can significantly impact shareholder returns.
  • Capital Intensive Business
    The company operates an extremely capital intensive business with a low Asset turnover ratio of 1.97. A low asset turnover ratio negatively impacts RoE and reduces shareholder returns. Also due to the capital intensive nature of business, growth of the business would need to be funded either via increasing borrowings or diluting shareholders, both of which shall negatively impact shareholder value and returns.
  • Poor Capital Allocation
    The company has disproportionately high amount of assets locked up in working capital, cash and cash equivalents, loans and advances, etc to the extent of 73.04 % of total assets. This reflects poorly on the capital allocation strategy of the management which negatively impacts shareholder returns.
  • Poor Working Capital Cycle
    The company has a very poor working capital cycle of 277 days which requires very high investments in working capital. This reduces free cash flow generation for the business and negatively impacts shareholder value and returns.
  • Poor Corporate Governance
    The general corporate governance standards of the company are poor which can negatively impact shareholder value and returns.

Valuation Analysis

Margin of safety
(15/09/2024)
Stock Valuation
Dark green line
108
75.00%
75.00% People are bullish about Balu Forge Industries Ltd
25.00%
25.00 % People are bearish about Balu Forge Industries Ltd

What is your opinion about this Stock?

Historical Data

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Balu Forge Industries Ltd

₹ 802.30 +12.80 (1.62%)

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