Balu Forge Industries (NSE:BALUFORGE) EBIT: ₹3,225 Mil (TTM As of Mar. 2026)


NSE:BALUFORGE Balu Forge Industries Ltd NSE:BALUFORGE
74 GF Score
Price ₹453.95
GF Value ₹624.44
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Balu Forge Industries EBIT?

Balu Forge Industries NSE:BALUFORGE -3.98% 74 EBIT is ₹3,225 Mil as of Mar. 2026. GuruFocus rates NSE:BALUFORGE with a GF Score™ of 74/100 and a GF Value™ of ₹624.44 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Balu Forge Industries's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ₹802 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹3,225 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Balu Forge Industries's annualized ROC % for the quarter that ended in Mar. 2026 was 11.95%. Balu Forge Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 23.25%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Balu Forge Industries's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.12%.


Balu Forge Industries  (NSE:BALUFORGE) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Balu Forge Industries's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=2269.18 * ( 1 - 12.84% )/( (0 + 16553.912)/ 1 )
=1977.817288/16553.912
=11.95 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=18507.822 - 951.395 - ( 1002.515 - max(0, 2240.891 - 7938.411+1002.515))
=16553.912

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Balu Forge Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=3208.156/( ( (0 + max(0, 0)) + (7913.429 + max(5885.054, 0)) )/ 1 )
=3208.156/( ( 0 + 13798.483 )/ 1 )
=3208.156/13798.483
=23.25 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4251.02 + 1452.787 + 1213.158) - (951.395 + 0 + 80.516)
=5885.054

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Balu Forge Industries's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=3225.034/52722.502
=6.12 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Balu Forge Industries EBIT Related Terms


Balu Forge Industries EBIT Historical Data

* Premium members only.

The historical data trend for Balu Forge Industries's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Balu Forge Industries EBIT Chart

Balu Forge Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 417.31 590.59 1,224.17 2,649.00 3,225.01

Balu Forge Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 782.74 722.71 839.50 860.79 802.04

NSE:BALUFORGE vs ATI, CRS, MLI: EBIT Comparison

For the Metal Fabrication subindustry, Balu Forge Industries's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Balu Forge Industries EV-to-EBIT vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Balu Forge Industries's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Balu Forge Industries's EV-to-EBIT falls into.


NSE:BALUFORGE
74GF Score
Balu Forge Industries Ltd NSE:BALUFORGE
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Balu Forge Industries EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹3,225 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ₹3,225 Mil mean?
Balu Forge Industries (NSE:BALUFORGE) has a EBIT of ₹3,225 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Balu Forge Industries.
Is Balu Forge Industries' EBIT too high?
Balu Forge Industries' current EBIT is ₹3,225 Mil. Overall, Balu Forge Industries has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Balu Forge Industries' EBIT compare to ATI and CRS?
Balu Forge Industries' EBIT of ₹3,225 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Industrial Products company?
A good EBIT depends on the Industrial Products industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Balu Forge Industries. Balu Forge Industries's current EBIT is ₹3,225 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Balu Forge Industries stock overvalued right now?
Based on GuruFocus' analysis, Balu Forge Industries (NSE:BALUFORGE) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹624.44, compared to a current price of ₹453.95 — trading 27.3% below its estimated fair value. The current EBIT is ₹3,225 Mil. Balu Forge Industries' overall GF Score™ is 74/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Balu Forge Industries (NSE:BALUFORGE), the current EBIT is ₹3,225 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Balu Forge Industries (NSE:BALUFORGE) Overvalued in 2026?

Based on GuruFocus' analysis, Balu Forge Industries stock appears to be undervalued. The current stock price of ₹453.95 is trading 27.3% below its estimated GF Value™ of ₹624.44. GuruFocus considers Balu Forge Industries to be Modestly Undervalued.

Key valuation signals for NSE:BALUFORGE:

  • EBIT: ₹3,225 Mil
  • GF Value™: ₹624.44 vs. price of ₹453.95 (27.3% below fair value)
  • GF Score™: 74/100 with 4 warning signs

No single metric tells the full story. See the NSE:BALUFORGE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Balu Forge Industries Business Description

Other Exchanges 531112:India
Address 45 Telly Park Road, 506, 5th Floor, Imperial Palace, Andheri (East), Mumbai, MH, IND, 400 069
Balu Forge Industries Ltd is engaged in the business of steel forging. The company is a supplier of crankshafts to Original Equipment Manufacturers (OEMs) in India and other countries. It serves railways; car manufacturers; industrial vehicles; defense; oil and gas; agriculture; pumps and other industries. It has a single operating segment: Manufacturing and selling Steel Forging Products. Geographically, the company derives a majority of its revenue from outside India.
74GF Score

Get the complete analysis for NSE:BALUFORGE

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹453.95
Price
₹624.44
GF Value