BALUFORGE
Balu Forge Industries Limited
Each stock's 10,000-path forecast, rendered as light.
Balu Forge Industries Limited (BALUFORGE) Stock Analysis & Case Study
Is BALUFORGE a good buy? The data-driven verdict.
Balu Forge Industries Limited (BALUFORGE) trades at ₹469,on the numbers it worth a closer look, a Downstox Snapshot Score of 63/100.
On the numbers, Balu Forge Industries Limited (BALUFORGE) worth a closer look, a Downstox Snapshot Score of 63/100, weighing fairly valued at 22.0× earnings, ROE of 19.6%, a 49% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.
Last updated . Data snapshot for research, not investment advice.
BALUFORGE fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield
How BALUFORGE ranks against the 2,373 companies in our screener
- BALUFORGE's market cap of 5,694 Cr ranks in the 68th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- BALUFORGE's book value of ₹131 ranks in the 60th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- BALUFORGE's promoter holding of 53.5% ranks in the 38th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- BALUFORGE's 3-year profit (PAT) growth of 88.0% ranks in the 92nd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- BALUFORGE's 3-year revenue growth of 50.0% ranks in the 93rd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- BALUFORGE's debt-to-equity ratio of 0.10x is lower than 77% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
Is BALUFORGE overvalued? BALUFORGE P/E vs peers
BALUFORGE trades at 22.0× earnings. We don't have a verified sector peer group for this stock yet, so no sector peer median or peer comparison table is shown here. Showing one anyway would compare it against an arbitrary set of large-cap names, not real sector peers.
BALUFORGE share price target 2027, 2028, 2029, 2030, 2031, a probability view
Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 9.8y of BALUFORGE history (25%/yr drift, 57%/yr volatility).
| Year | Low (P10) | Median target (P50) | High (P90) | Upside vs today |
|---|---|---|---|---|
| BALUFORGE 2027 | ₹221 | ₹461 | ₹962 | -2% |
| BALUFORGE 2028 | ₹162 | ₹454 | ₹1,273 | -3% |
| BALUFORGE 2029 | ₹128 | ₹447 | ₹1,560 | -5% |
| BALUFORGE 2030 | ₹104 | ₹440 | ₹1,858 | -6% |
| BALUFORGE 2031 | ₹85 | ₹433 | ₹2,209 | -8% |
Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.
What is the probability BALUFORGE goes up, or doubles?
The bull case for BALUFORGE
- BALUFORGE's P/E of 22.0x is lower than 58% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- BALUFORGE's return on equity of 19.6% ranks in the 83rd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- BALUFORGE's return on capital employed of 22.7% ranks in the 85th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- Upside scenario: the model's optimistic (P90) 3-year path reaches ₹1,560.
The bear case & risks
- High historical volatility (57%/yr) means a wide, bumpy range of outcomes, size positions accordingly.
- Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹128.
BALUFORGE volatility & expected range, how bumpy is the ride?
Over the last 9.8 years BALUFORGE compounded at 25%/year with annualized volatility of 57%. That volatility implies a 1-year 80% range of ₹221-₹962, the honest backbone behind any single price target.
BALUFORGE price forecast, the full 60-month probability fan
BALUFORGE price probability fan
Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.
Probability of key outcomes
What are the odds BALUFORGE hits common targets within the simulated horizon?
Full multi-horizon detail on the BALUFORGE price target & forecast page.
BALUFORGE Piotroski F-Score: 6/8, how financially strong is it?
The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. BALUFORGE scores 6/8, mixed financial health.
BALUFORGE MTF margin & leverage across 9 brokers
Margin Trading Facility lets you buy BALUFORGE with part of the capital. Lower margin % = higher leverage. Rates compared across 9 brokers (no competitor publishes this):
| Broker | Margin required | Approx. leverage |
|---|---|---|
| Upstox | 38.43% | 2.6× |
| ZerodhaCHEAPEST | 38.40% | 2.6× |
| Groww | 38.59% | 2.6× |
| Dhan | 40.00% | 2.5× |
| Kotak Neo | 38.46% | 2.6× |
| Paytm Money | 38.44% | 2.6× |
| Pocketful | 39.16% | 2.6× |
| Anand RathiCHEAPEST | 38.40% | 2.6× |
| Share India | 38.54% | 2.6× |
Compare every broker on the BALUFORGE MTF page.
About Balu Forge Industries Limited: sector, index & market-cap context
Balu Forge Industries Limited (BALUFORGE) is a small-cap NSE-listed company, with a market capitalisation of ₹5,694 Cr. See more stocks on our screener.
How the BALUFORGE Snapshot Score & forecast are built
The Downstox Snapshot Score is a transparent, rules-based read of Balu Forge Industries Limited's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.
This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.
BALUFORGE analysis, FAQs
Is Balu Forge Industries Limited (BALUFORGE) a good buy?
On the numbers, Balu Forge Industries Limited (BALUFORGE) worth a closer look, a Downstox Snapshot Score of 63/100, weighing fairly valued at 22.0× earnings, ROE of 19.6%, a 49% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.
Is BALUFORGE overvalued or undervalued?
BALUFORGE trades at 22.0× earnings, fairly valued versus the ~22× long-run Nifty average.
What is the BALUFORGE share price target for 2031?
BALUFORGE's probability-weighted 2031 median target is ₹433, with an 80% range of ₹85-₹2,209 (10,000-path Monte-Carlo).
What is the probability BALUFORGE doubles in 5 years?
The modelled probability of BALUFORGE reaching ₹937 (2×) within 5 years is 27%.
What is the bull case for BALUFORGE?
BALUFORGE's P/E of 22.0x is lower than 58% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. BALUFORGE's return on equity of 19.6% ranks in the 83rd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026. BALUFORGE's return on capital employed of 22.7% ranks in the 85th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
What are the risks in BALUFORGE?
High historical volatility (57%/yr) means a wide, bumpy range of outcomes, size positions accordingly.