Is Balu Forge Industries a Good Buy After Its Q1 FY27 Results?
- September 9, 2026
- Posted by: Harsh Piplani
- Category: Market
Balu Forge Industries share price around Rs 544. 22.0% below 52-week high of Rs 697. Q1 FY27 revenue Rs 305 crore, up 29.7% YoY. PAT Rs 66 crore, up 15.9%. PE 25x.
Quick Answer
Balu Forge Industries’ Q1 FY27 results were strong, with revenue at Rs 305 crore and PAT climbing 16% to Rs 66 crore. The stock trades at a PE of 25x against an industry average near 53x, which leaves room for a re-rating if this growth continues. The Balu Forge Industries share price near Rs 544 reflects that optimism, so investors weighing whether Balu Forge Industries is a good buy today should focus on whether this pace of growth can be sustained rather than just this quarter’s print.
The Balu Forge Industries share price has been under the spotlight this results season after the company reported its first-quarter numbers for FY27. Balu Forge Industries is formerly Amaze Entertech, a manufacturer of crankshafts and forged automotive components, and its Q1 FY27 print, for the quarter ended June 30, 2026, gives investors a fresh data point to test whether the stock still deserves a place in a portfolio at current levels.
Revenue for the quarter came in at Rs 305 crore, up 29.7% year on year, while profit after tax came in at Rs 66 crore, up 15.9% from a year earlier. That combination of numbers is exactly what this article breaks down, along with what it means for the Balu Forge Industries share price from here.
This piece works through the quarter’s financial highlights, the business factors behind the numbers, where the Balu Forge Industries share price stands against its 52-week range and valuation multiples, and the key risks worth watching before treating this as a buy, hold or a stock to avoid for now.
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Balu Forge Industries Q1 FY27 Financial Highlights
| Metric | Q1 FY27 | Q1 FY26 | YoY Change |
|---|---|---|---|
| Revenue | Rs 305 crore | Rs 235 crore | 29.7% |
| EBITDA | Rs 89 crore | Rs 74 crore | 19.8% |
| Operating Margin | 29.5% | 31.7% | NA |
| Profit Before Tax | Rs 81 crore | Rs 70 crore | 15.3% |
| Net Profit / (Loss) | Rs 66 crore | Rs 57 crore | 15.9% |
Balu Forge Industries Q1 FY27 Performance Analysis
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Revenue growth of 29.7% for the quarter came from steady demand across the company’s core business, keeping the topline trend intact for the automotive forging and crankshaft manufacturing sector.
The bigger story is on profitability. PAT grew 16% to Rs 66 crore, comfortably ahead of revenue growth, which points to margin expansion or a favourable base effect. This is the kind of quarter that supports the premium the Balu Forge Industries share price already commands, though investors should check whether the growth is repeatable or was helped by one-off factors.
On a sequential basis, revenue moved up 6.1% sequentially from Rs 287 crore in the March 2026 quarter and net profit moved up 0.5% sequentially from Rs 66 crore in the prior quarter, giving a fuller picture of the trend behind the Balu Forge Industries share price than the year on year comparison alone.
Key Business Factors in Q1 FY27
Revenue Trend
Balu Forge Industries’ revenue grew 29.7% year on year this quarter, taking the quarterly base to Rs 305 crore in an automotive forging and crankshaft manufacturing business that remains sensitive to demand and pricing cycles that ultimately feed through to the Balu Forge Industries share price.
Margin Movement
EBITDA rose 19.8% to Rs 89 crore, and operating margin moved to 29.5% from 31.7% a year earlier, a sign that cost control or pricing held up during the quarter.
Balance Sheet Position
Balu Forge Industries carries a low debt-to-equity ratio of 0.10, giving it a conservative balance sheet heading into the rest of FY27.
Valuation Context
The stock trades at a PE of 24.5x, below the industry average of 53.1x, which is worth factoring into any read of whether the Balu Forge Industries share price is expensive or reasonably priced.
Dividend Details
No interim dividend was declared alongside Balu Forge Industries’ Q1 FY27 results. The stock has not paid a meaningful dividend in the trailing twelve months. Investors tracking the Balu Forge Industries share price for income should watch the company’s announcements around its next annual results for any dividend decision.
Balu Forge Industries Share Price Outlook for FY27
The Q1 FY27 print sets a reasonably high bar for the rest of the year. If Balu Forge Industries can sustain this pace of revenue and profit growth, the current valuation gets easier to justify. The main swing factor is whether this quarter’s momentum reflects a durable trend or a favourable one-off, something the next two quarters should clarify.
For the Balu Forge Industries share price to hold its current premium through FY27, the company will likely need to keep posting growth at or near this quarter’s pace, since any slowdown would put pressure on a stock priced for continued strength.
Balu Forge Industries Stock Performance
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The Balu Forge Industries share price was trading around Rs 544 as results season played out in late August 2026, roughly 22.0% below its 52-week high of Rs 697 and well above its 52-week low of Rs 341. Promoter holding stood at 53.5% as of the June 2026 quarter.
The Balu Forge Industries share price has room to re-rate further if the growth shown this quarter continues, though much of the good news may already be reflected in the stock near current levels. On profitability ratios, the company reports a return on equity of 16.24% and a book value of around Rs 131 per share, both useful reference points when judging whether the current price is reasonable.
Key Risks
Sector and Demand Risk
As an automotive forging and crankshaft manufacturing business, Balu Forge Industries’ results remain tied to sector-specific demand, pricing and regulatory cycles that can shift from quarter to quarter and move the Balu Forge Industries share price well before the next result.
Execution Risk
Sustaining this quarter’s trend into the rest of FY27 depends on management execution on costs, pricing and demand, none of which are guaranteed.
Conclusion
Balu Forge Industries’ Q1 FY27 results were genuinely strong, with revenue at Rs 305 crore and PAT up 16% to Rs 66 crore. That said, at a PE of 24.5x, the Balu Forge Industries share price is not inexpensive, so this looks like a quality business trading at a full price rather than a bargain. Existing investors have little to worry about from this print, while new investors asking whether Balu Forge Industries is a good buy should weigh the strong quarter against the valuation before adding at current levels.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Balu Forge Industries Q1 FY27 Results
What were Balu Forge Industries’ Q1 FY27 results?
Ans. Balu Forge Industries reported Q1 FY27 revenue of Rs 305 crore, up 29.7% year on year, and PAT of Rs 66 crore, up 15.9% year on year.
Is Balu Forge Industries a good buy after its Q1 FY27 results?
Ans. Balu Forge Industries’ core numbers improved this quarter, though at a PE of 24.5x the stock is not inexpensive, so this suits investors comfortable paying up for quality. Investors should form their own view based on their own risk appetite and time horizon.
What is the Balu Forge Industries share price today?
Ans. The Balu Forge Industries share price was trading around Rs 544 in late August 2026, about 22.0% below its 52-week high of Rs 697 and well above its 52-week low of Rs 341.
What is Balu Forge Industries’ revenue and profit for Q1 FY27?
Ans. Balu Forge Industries reported revenue of Rs 305 crore and a net profit of Rs 66 crore for the quarter ended June 30, 2026.
Did Balu Forge Industries declare a dividend with its Q1 FY27 results?
Ans. No interim dividend was declared alongside Balu Forge Industries’ Q1 FY27 results. Investors should track the company’s next annual results for any dividend announcement.
What is Balu Forge Industries’ PE ratio and is it expensive?
Ans. The Balu Forge Industries share price trades at a trailing PE of 24.5x, against an industry average of 53.1x. Investors should compare this with the company’s growth rate before judging value.
What are the key risks for Balu Forge Industries investors right now?
Ans. As an automotive forging and crankshaft manufacturing business, Balu Forge Industries’ results remain tied to sector-specific demand, pricing and regulatory cycles that can shift from quarter to quarter and move the Balu Forge Industries share price well before the next result. Sustaining this quarter’s trend into the rest of FY27 depends on management execution on costs, pricing and demand, none of which are guaranteed.
What is Balu Forge Industries’ promoter shareholding?
Ans. Promoter holding in Balu Forge Industries stood at 53.5% as of the June 2026 quarter.
