Ashish Kacholia’s Portfolio Multibagger Stock: Company Launches 100% Make-in-India Automated Empty Shell Production Line in Belgaum

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Ashish Kacholia’s Portfolio Multibagger Stock: Company Launches 100% Make-in-India Automated Empty Shell Production Line in Belgaum

The stock gave multibagger returns of 175 per cent in just 2 years and a whopping 955 per cent in 5 years.

Balu Forge Industries Ltd (BSE: 531112 | NSE: BALUFORGE), a precision engineering company, has successfully inaugurated its 100% indigenously built automated empty shell production line at its new manufacturing campus in Belgaum, Karnataka. This state-of-the-art facility boasts an annual production capacity of 360,000 shells, specifically focusing on large-calibre ammunition projectiles, thereby significantly enhancing Balu Forge's critical Defence manufacturing capabilities. The entire forging line is highly advanced, achieving near-100 per cent automation powered by FANUC Robotics, making it a globally competitive and unmanned operation with an impressive cycle time of just 55 seconds. The entire production system was designed in-house with the involvement of over 18 Indian machinery manufacturers, marking a major milestone for the 'Make-in-India' defence ecosystem.

The launch of this production line is a crucial part of Balu Forge's long-term strategy to commercialise its greenfield Belgaum facility and expand its precision engineering portfolio. By delivering fully machined components for critical applications, the company is directly contributing to the government's Atmanirbhar Bharat (Self-Reliant India) mission in the defence sector. Balu Forge plans to further expand this shell production line to cater to both domestic and global demand and is also preparing to roll out multiple other high-precision production lines in a phased manner from the Belgaum campus in the near future.

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About the Company

Established in 1989, Balu Forge Industries Ltd (BFIL) manufactures forged components, both fully and semi-finished. The company caters to diverse sectors like automotive, defence, oil & gas, Railways, and marine. BFIL's robust infrastructure manufactures components from 1 kg to 1,000 kg. With over 80 global distribution networks, BFIL serves domestic and international markets. Notably, BFIL's manufacturing aligns with evolving automotive demands, including New Emission Regulations and New Energy Vehicles.

According to the shareholding pattern, Ashish Kacholia owns 18,65,933 shares or a 1.64 per cent stake in the company as of September 2025. The company has a market capitalisation of over Rs 7,400 crore and the shares of the company have an ROE of 25 per cent & an ROCE of 31 per cent. The stock gave multibagger returns of 175 per cent in just 2 years and a whopping 955 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.