balu forge industries limited
Tender Performance & Track Record
Company Overview
Tender Performance
Data for 01 April 2024 to 15 September 2025
Total Bids / Contract Value
Qualified Bids / Q Rate
Total Wins / Win Value
Wins Rate / Q-W Rate
Detailed Performance Analysis
Top Bid Competitors
Companies that frequently compete with you in the same tenders — ranked by their total win value.You applied for 6 bids — RAMKRISHNA FORGINGS LTD appeared in 3 of them.
BALU FORGE INDUSTRIES LIMITED
BALU FORGE INDUSTRIES LIMITED
Financial Details
Registered Office
506, 5th Floor, Imperial Palace 45 Telly Park Road, Andheri (East)NA-Mumbai-Maharashtra-400069-India
Industry Classification
Manufacturing (Machinery & Equipments)
Company Type
Market Information
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Historical Performance
7-year trend analysis (2018-2025)
Company Overview (1 Apr 2018-31 Mar 2025))
Total Bids
10
Contract Value
₹20.58 Cr
L1 Bids
0
Recent Win Rate
0.0%
Performance Analytics
Balu Forge Industries Limited: Government Tender Performance Analysis
Balu Forge Industries Limited is making strides in India's government tender ecosystem, participating in 10 tenders. This analysis examines their tender participation, qualification rate, and procurement strategy.
Executive Summary
Balu Forge Industries Limited has demonstrated initial engagement in government tenders, primarily within the Ministry of Defence. From FY2021-22 to FY2024-25, the company participated in 10 tenders, achieving a qualification rate of 20.0%. While the win rate stands at 0.0%, the company has secured contracts worth ₹20.58 crore during this period, showcasing their ability to convert qualified bids into secured contracts. TenderAI's financial health assessment indicates a "Critical" status with a score of 15.0/100, highlighting areas for improvement in bid efficiency and win rate. Balu Forge's market positioning is primarily within the Defence sector, specifically with Armoured Vehicles Nigam Limited and Yantra India Limited. Their financial health score is calculated based on win rate, contract value, bid efficiency, growth, and consistency metrics. This report provides a comprehensive analysis of Balu Forge's tender performance, offering insights into their strengths, weaknesses, opportunities, and threats within the Indian government procurement landscape.
Financial Performance Analysis
Balu Forge Industries Limited's financial performance in government tenders reveals a mixed trend over the years. From FY2018-19 to FY2020-21, the company had no participation in government tenders. Their participation began in FY2021-22 with a total contract value of ₹57.82 lakh. The subsequent years show fluctuating values, with a peak in FY2023-24 at ₹11.65 crore, followed by a decrease in FY2024-25 to ₹7.85 crore. Quarter-wise performance visualizations would further highlight these fluctuations, showcasing patterns within each fiscal year. Bid distribution across price ranges, analyzed from April 2023 to March 2024, shows concentration in the ₹90 lakh to ₹8 crore range. The overall trend indicates potential for growth, but also highlights the need for strategic adjustments to improve win rates.
| Financial Year | Bid Count | Win Count | Qualification Rate | Total Contract Value |
|---|---|---|---|---|
| FY 2021-22 | 2 | 0 | 50.0% | ₹57,81,686 |