Balu Forge IndustriesNSE:BALUFORGE +0.48%74 ROA % is 14.21% as of Mar. 2026, which is 16% below its 10-year median of 16.98. 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. Among 3,074 Industrial Products companies, Balu Forge Industries ranks better than 96.52% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Balu Forge Industries's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹2,629 Mil.
Balu Forge Industries's average Total Assets over the quarter that ended in Mar. 2026 was ₹18,508 Mil. Therefore, Balu Forge Industries's annualized ROA % for the quarter that ended in Mar. 2026 was 14.21%.
The historical rank and industry rank for Balu Forge Industries's ROA % or its related term are showing as below:
NSE:BALUFORGE'
s ROA % Range Over the Past 10 Years
Min: 8.87 Med: 16.98 Max: 71.67
Current: 16.79
During the past 13 years, Balu Forge Industries's highest ROA % was 71.67%. The lowest was 8.87%. And the median was 16.98%.
NSE:BALUFORGE's ROA % is ranked better than 96.52% of 3074
companies
in the Industrial Products industry
Industry Median: 3.045
vs NSE:BALUFORGE: 16.79
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
* 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.
For the Metal Fabrication subindustry, Balu Forge Industries's ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Balu Forge Industries's ROA % distribution charts can be found below:
* The bar in red indicates where Balu Forge Industries's ROA % falls into.
* 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.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Balu Forge Industries (NSE:BALUFORGE) has a ROA % of 14.21% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Balu Forge Industries and its competitors. This is 16% below median its historical median of 16.98. Over the past decade, Balu Forge Industries' ROA % has ranged from 8.87 to 71.67. According to the industry distribution chart, Balu Forge Industries ranks #107 out of 3074 companies in the Industrial Products industry, placing it in the top 3.5%.
Is Balu Forge Industries' ROA % too high?
Balu Forge Industries' current ROA % of 14.21% is 16% below median its 10-year median of 16.98. Over the past 10 years, this metric has ranged from a low of 8.87 to a high of 71.67. The Industrial Products industry median ROA % is 3.05. Balu Forge Industries' value of 14.21% is 366.7% above this industry median. Based on the distribution chart, Balu Forge Industries ranks #107 out of 3074 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. 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' ROA % compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Balu Forge Industries ranks #107 out of 3074 companies for ROA %. This places Balu Forge Industries in the top 4% of its industry — outperforming the majority of peers. The industry median ROA % is 3.05. Balu Forge Industries' value of 14.21% is 366.7% above this benchmark. Historically, Balu Forge Industries' own ROA % has ranged from 8.87 to 71.67 over the past decade. While the company's 10-year median is 16.98 vs. the industry median of 3.05, Balu Forge Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for an Industrial Products company?
The median ROA % among Industrial Products companies is 3.05, based on 3,074 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Balu Forge Industries's current ROA % of 14.21% is 366.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Balu Forge Industries and its competitors. For the Industrial Products industry, the median ROA % is 3.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Balu Forge Industries's current ROA % is 14.21%, which is 16% below median its own 10-year median of 16.98. 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 ₹456.15 — trading 27% below its estimated fair value. The current ROA % is 14.21%, which is 16% below median its 10-year median of 16.98 and 366.7% above the Industrial Products industry median of 3.05. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For Balu Forge Industries (NSE:BALUFORGE), the current ROA % is 14.21% 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 ₹456.15 is trading 27% below its estimated GF Value™ of ₹624.44.
GuruFocus considers Balu Forge Industries to be Modestly Undervalued.
Key valuation signals for NSE:BALUFORGE:
ROA %: 14.21% (16% below median its 10-year median of 16.98)
GF Value™: ₹624.44 vs. price of ₹456.15 (27% below fair value)
Industry Position: 366.7% above the Industrial Products median (#107 of 3074)
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 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
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