Balu Forge Industries Ltd · NSE:BALUFORGE
Balu Forge Industries — Non-Deal Roadshow (June 2026)
44 slides from Balu Forge Industries's roadshow presentation, Jun 24, 2026
Slide 1: Submission letter to stock exchanges
Date: June 24, 2026 To, To, Department of Corporate Services, Listing Department, BSE Limited, National Stock Exchange of India Limited, P J Towers, Dalal Street, “Exchange Plaza”, C-1, Block-G, Mumbai- 400 001. Bandra Kurla Complex, Bandra (E), BSE: Scrip Code: 531112 Mumbai- 400 051. NSE Trading S
Slide 2: Investor Presentation June 2026
Investor Investor Presentation June 2026 Expanding Horizons Getting Future Ready BSE : 531112 | NSE : BALUFORGE
Slide 3: Agenda
Agenda ® Agenda 1. Introduction to Balu Forge 2. Aerospace and Defence 3. Strategic Direction 4. Products and Manufacturing 5. Financial Performance 6. Sustainability 2
Slide 4: Introduction to Balu Forge
® Introduction to Balu Forge Introduction to Balu Forge 3
Slide 5: Introduction to Balu Forge
Introduction to Balu Forge ® Introduction to Balu Forge Leading with Precision Machining and Engineering Core Product Portfolio Crankshaft Railway Wheels Aerospace Agriculture Automotive Defence Earth Moving Industrial Locomotive Marine Oil &Gas Railway Wind Energy Machinery Vehicles Machining & Ass
Slide 6: Business Journey
Business Journey ® Business Journey Successful Track Record of Acquiring and Integrating High End Forging &Machining Equipment 1989 1991 1995 2006 2010 2011 2012 The foundation First First component Acquisition & Acquisition & The company Got accredited with of ‘Balu’ was component exported to an In
Slide 7: Balu Forge Equity Story
Balu Forge Equity Story Balu Forge Equity Story ® • Manufactures precision machined and forged components Precision Engineered 1. Product Portfolio for • Serves diverse end-markets including automotive, industrial machinery, power generation, defence, and railways Global OEMs • Supplies precision-en
Slide 8: Key Business Updates
Key Business Updates ® Key Business Updates • Commissioned a 360,000 shells per annum large-caliber ammunition shell line • Inducted into the NATO supply chain for the manufacture of artillery shell at its greenfield Belgaum facility. bodies and mission-critical components. • The fully indigenous, h
Slide 9: Aerospace and Defence
® Aerospace and Defence Aerospace and Defence 8
Slide 10: India Defence Outlook
India Defence Outlook ® India Defence Outlook Global Ammunition Market Expected to Reach Rs. 1,714 Bn by 2030 Total Defence Production Targeted to Reach Rs. 3,000 Bn in FY30 3,000 1,714 1,342 1,392 1,446 120 1,293 53 60 355 45 49 301 308 315 323 1,598 1,087 1,274 758 793 953 846 948 691 724 166 169
Slide 11: Aerospace and Defence: Balu Forge Positioning
Aerospace and Defence: Balu Forge Positioning ® Aerospace and Defence: Balu Forge Positioning Product Diversification & Technology Edge Long-Term Capacity Expansion • Expanding into artillery, ammunition, and engine components • Multi-year investments to scale Defence manufacturing infrastructure •
Slide 12: Strategic Direction
® Strategic Direction Strategic Direction 11
Slide 13: Strategic Priorities for Future Growth
Strategic Priorities for Future Growth Strategic Priorities for Future Growth ® Geographic Expansion Innovation & Technological Revenue Contributions Capacity Expansion Customer Additions Addition Advancements • The company is well-protected • The Company currently has a • Expanded the customer base
Slide 14: Products and Manufacturing
® Products and Manufacturing Products and Manufacturing 13
Slide 15: Balu Forge Value Chain
® Balu Forge Value Chain Building Blocks Advanced Processes Industries Served Forging Plant Sourcing of Raw Materials: In-House Tool Room & Metallurgical Lab Raw materials sourced from select Smelting for Hammer & semi forged components and steel Billet Press Aerospace Agriculture Automotive Billet
Slide 16: Strategically Located Manufacturing Facilities
Strategically Located Manufacturing Facilities ® Strategically Located Manufacturing Facilities Karnataka, India - 3 Units, 53 Acres Unit 1 5 Acres Unit 3 Unit 2 46 Acres 2 Acres Belgaum 7 Axis Machining Hattargi Belgaum Hampi Machining : 58,000 MTPA Forging: 100,000+ MTPA Machining : 22,000 MTPA 11
Slide 17: Our Capabilities: Advanced Forging
Our Capabilities ® Our Capabilities ADVANCED FORGING Forging Capacity : 100,000+ MTPA (Will increase to 150,000 MTPA) BFIL offers cutting-edge forging capabilities with its advanced GERB technology. Conv entional Spring Supported Direct Spring 25 Ton, 16 Ton, 10 Ton Hydraulic Hammer and 8000 Ton Mec
Slide 18: Our Capabilities: Precision Machining
Our Capabilities ® Our Capabilities PRICISION MACHINING Machining Capacity : 45,000+ MTPA (Will increase to 80,000 MTPA) BFIL specializes in precision machining with a d v a n c e d 7-Axis & 11-Axis capabilities. 7 Axis Machining 11Axis Machining Junker Grinding M/C Our state-of-the-art 7-axis machi
Slide 19: Precision Engineering Product Portfolio
Precision Engineering Product Portfolio ® Precision Engineering Product Portfolio Auto Components Non-Auto Components Crankshaft Under Carriage Components Railway Wheels Turbine Blades Axles & Wheel sets Chassis Components Transmission & Clutches Hydraulic Lifting Hooks Front Axle Beams, Steering Kn
Slide 20: Defence and Ammunition
Defence and Ammunition ® Defence and Ammunition Empty Shells Other Components Mortar Ammunition Artillery Ammunition 51 mm, 81 mm, 120 mm 155 mm, 130 mm, 105 mm Crankshaft Breach Base Road Wheel Arm Naval Ammunition RCL Ammunition Cartridge 40 mm,76.2 mm, Round 84 mm 76/62 SRGM, RGB 60 Rocket Flange
Slide 21: Aerospace Components
Aerospace Components ® Aerospace Components Aero Structure Weight Range: 50 to 250 kgs Material: Titanium + Aluminium Alloy Scope: Forged + Semi Machined APU Components Weight Range: 5 to 300 kgs Material: Titanium + Aluminium Alloy Scope of Supply: Forged + Semi Machined Landing Gear Components Wei
Slide 22: Railway Components
Railway Components ® Railway Components Key Components Other Components Connecting Rod Connecting Cap Crankshafts Link Pin Rocker Lever Valve Body 50 to 150 kg 25 to 100 kgs 2 to 1000 kgs 15 to 50 kgs 10 to 50 kgs 10 to 850 kgs WHEELS (Upto 800 Kgs to 1350 Dia) Arm Link Dog Pin Hooks Gear Blank Nuts
Slide 23: Oil & Gas Components
Oil Gas Components ® Oil &Gas Components GATE VALVES CHOKE VALVES MUD GATE VALVES TEES PRESSURE CONTROL CHICKSAN LOOPS HAMMER UNIONS X-OVERS EQUIPMENT FORGED HYDRAULIC FLANGES MANIFOLD UNITS PUP JOINTS FITTING, STUBS ENDS 22 Note: The above images are for representative purpose only
Slide 24: Dedicated 75 Person R&D Team
Dedicated 75 Person RD Team ® Dedicated 75 Person R&D Team Successful R&D ensures continuous improvements in Customer lifecycle and long product journey: product quality, performance, and efficiency 15to 20 years Research & Application R&D Process 2-3 Months • State of the Art Machining: Machining f
Slide 25: Financial Performance
® Financial Performance Financial Performance 24
Slide 26: Q4 FY26 Consolidated Financial Performance
Q4 FY26 Consolidated Financial Performance ® Q4 FY26 Consolidated Financial Performance All figures in Rs. Mn. Revenue from Operations EBITDA 3,111 845 750 599 2,696 2,636 Q4 FY25 Q3 FY26 Q4 FY26 Q4 FY25 Q3 FY26 Q4 FY26 PAT EBITDA and PAT Margin 27.8% 27.2% 711 22.7% 657 627 22.9% 22.5% 22.9% Q4 FY2
Slide 27: Historical Financial Highlights
Historical Financial Highlights ® Historical Financial Highlights Revenue From Operation (Rs. Mn) EBITDA (INR Mn) &EBITDA Margin PAT (INR Mn) &PAT Margin 27.2% 27.0% 21.7% 22.7% 21.3% 16.4% 11,074 9,236 15.2% 11.5% 13.0% 10.1% 2,589 5,599 2,995 2,511 2,039 2,861 3,266 1,191 935 371 498 298 389 2022
Slide 28: FY26 Revenue Contribution Analysis
FY26 Revenue Contribution Analysis ® FY26 Revenue Contribution Analysis FY24 FY25 FY26 Agriculture Defence/Aerospace/Railway 15% 18% 20% Oil &Gas By End-user 40% 36% 15% 45% Industries Power Generation 18% 16% Heavy Engineering & Industrial Machinery 15% 10% 10% 5% 5% 5% 9% 5% 13% Commercial Vehicle
Slide 29: Capital Structure
Capital Structure ® Capital Structure FY26 FY25 Net Debt/Equity (x) (Rs. Mn) Property, Plant & Equipment (Tangible, Intangible, RoU) 5,140 1,504 0.02 CWIP 2,773 4,171 Cash And Bank Balances 890 962 (0.06) Inventories 1,453 981 (0.08) Trade Receivables 4,251 3,273 Other Assets 4,000 1,631 FY24 FY25 F
Slide 30: Cash Flow and Working Capital
Cash Flow and Working Capital ® Cash Flow and Working Capital Rs. in Mn (Rs Mn) FY 24 FY 25 FY 26 Working Capital (In Days) Long Term Debt 248 161 107 Short Term Debt 239 199 1,160 163 129 104 140 Total Debt 488 359 1,267 63 Less: Cash and Cash Equivalents 879 931 857 62 60 Less: Other Bank Balance
Slide 31: Q4 and FY26 Profit & Loss
Q4 and FY26 Profit Loss ® Q4 and FY26 Profit & Loss (Rs. Mn) Q4 FY26 Q4 FY25 Y -o - Y (%) Q3 FY26 Q-o - Q (%) FY 26 FY 25 Y -o - Y (%) Revenue from Operations 2,636 2,696 (2.3)% 3,111 (15.3)% 11,074 9,236 19.9% Other Income 235 42 463.4% 45 425.2% 329 171 92.0% Total Income 2,870 2,738 4.8% 3,156 (9
Slide 32: Balance Sheet
Balance Sheet ® Equity and Liabilities (Rs Mn) FY26 FY25 Assets (Rs Mn) FY26 FY25 Equity Share Capital 1,213.9 1,107.7 Property, Plant and Equipment 4,879 1,468 Other Equity 14,731 9,424 Capital Work-in-Progress 2,773 4,171 Equity Attributable to Equity Holders of the Right of Use Assets 261 36 15,9
Slide 33: Cash Flow Statement
Cash Flow Statement ® Cash Flow Statement (Rs Mn) FY26 FY25 Cash Flow from Operating Activities Profit After Tax 3,060 2,539 Adjustment for Non-Operating Items (34) (384) Operating Profit before Working Capital Changes 3,026 2,155 Changes in Working Capital (2,572) (324) Cash Generated from Operatio
Slide 34: Historical Profit & Loss Statement
Historical Profit Loss Statement ® Historical Profit & Loss Statement (Rs. Mn) 2022 2023 2024 2025 2026 Revenue from Operations 2,861 3,266 5,599 9,236 11,074 Other Income 85 126 102 171 329 Total Income 2,946 3,393 5,701 9,408 11,403 Raw Material Costs 2,203 2,268 3,763 6,026 7,096 EBITDA 371 498 1
Slide 35: Sustainability
® Sustainability Sustainability 34
Slide 36: Board of Directors
Board of Directors ® Board of Directors Mr. Jaspalsingh Chandock Mr. Trimaan Chandock Mr. Jaikaran Chandock Chairman & Managing Director Executive Director Executive Director Mr. Radhey Shyam Soni Mrs. Shalu Bhandari Mr. Roop Lal Meena Independent Director Independent Director Independent Director A
Slide 37: Visit Balu Forge ESG Profile
Visit Balu Forge ESG Profile ® Visit Balu Forge ESG Profile Integrated with AI Assistance Chatbot Download ESG data Map our ESG framework with 45+ different Over 10 factors and frameworks 150+ KPI Access to ESG factsheet Search for keywords Balu Forge ESG Profile Link (Click Here) 36
Slide 38: AI - ESG Profile: 15 Factors and 461 Subfactors
AI - ESG Profile: 15 Factors and 461 Subfactors ® AI - ESG Profile: 15 Factors and 461 Subfactors Integrated with AI Assistance ESG Disclosure Platform Chatbot Balu Forge Website Balu Forge ESG Profile Link (Click Here) Management Approach (2) Company Overview (13) Board of Directors (7) Resilience
Slide 39: Sustainability – ESG Profile Highlights
Sustainability – ESG Profile Highlights ® Sustainability – ESG Profile Highlights Net Zero Emissions Water Management ISO 14001:2015 Zero Carbon Neutral Achieve 100% Environmental Management Liquid Discharge by 2037 ESG Commitments Operation by 2040 Water Recycling by 2027 System 20% Renewable Energ
Slide 40: AI - ESG Profile: Disclosure Subfactors (1/4)
® AI - ESG Profile: 461 Disclosure Subfactors (1/4) Environment (44) 1) Environment Strategy in Place 23) Waste Water Safe Discharge 2) Environmental Reporting 24) Water Risk Management Processes 3) Environmental Policy and Commitments 25) Protecting Land, Natural Resources and Biodiversity 4) Net Z
Slide 41: Visit Balu Forge ESG Profile: Social (72)
® Visit Balu Forge ESG Profile Social (72) 1) Social Strategy in Place 25) Gross Salary Paid to Female Workforce 49) Amount Spend on Employees Well-being 2) Supplier Responsibility Initiatives 26) Staff Turnover Rate 50) Employee Engagement Initiatives 3) Awareness Programs for Supply Chain 27) Retu
Slide 42: Visit Balu Forge ESG Profile: Governance (98)
® Visit Balu Forge ESG Profile Governance (98) 1) Corporate Governance Policies 26) Strikes and Lockouts 51) Board Independence Statement 2) Governance Oversight Framework 27) Accounts Payables Days 52) Board Independence Criteria 3) Board Oversight on Financial Statements 28) Concentration of Purch
Slide 43: Visit Balu Forge ESG Profile: Governance (98)
® Visit Balu Forge ESG Profile Governance (98) 76) Family Ownership 77) Material Executive Share Trading 78) Cross Shareholding 79) Executive Pay Disclosures 80) Executive Pay Performance Alignment Policies 81) Median Remuneration of Board of Directors 82) Governmental Institutions with More than 5%
Slide 44: Thank You / Disclaimer
Disclaimer: ® Disclaimer: This investor release is not an offer to sell any securities or a solicitation to buy any securities of Balu Forge Industries Limited (the "company") or its subsidiaries (together with the company, the "group"). Certain statements in this d ocum ent m a y be forward looking
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