Amforge Industries Ltd
Incorporated in 1971, Amforge Industries Ltd is a manufacturer of Steel Forgings[1]
- Market Cap ₹ 13.2 Cr.
- Current Price ₹ 9.19
- High / Low ₹ 15.5 / 7.26
- Stock P/E 28.2
- Book Value ₹ 9.12
- Dividend Yield 0.00 %
- ROCE 6.46 %
- ROE 3.64 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Stock is trading at 1.02 times its book value
Cons
- Company has a low return on equity of 0.69% over last 3 years.
- Contingent liabilities of Rs.5.05 Cr.
- Earnings include an other income of Rs.2.73 Cr.
- Company's cost of borrowing seems high
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
3.88 | 6.57 | 3.61 | 2.21 | 4.00 | 2.26 | 2.81 | 2.80 | 2.70 | 1.36 | 0.91 | 0.00 | |
2.71 | 2.85 | 2.84 | 6.44 | 2.52 | 1.75 | 1.50 | 1.49 | 1.39 | 1.95 | 1.82 | 1.40 | |
Operating Profit | 1.17 | 3.72 | 0.77 | -4.23 | 1.48 | 0.51 | 1.31 | 1.31 | 1.31 | -0.59 | -0.91 | -1.40 |
OPM % | 30.15% | 56.62% | 21.33% | -191.40% | 37.00% | 22.57% | 46.62% | 46.79% | 48.52% | -43.38% | -100.00% | |
0.40 | -0.10 | 0.45 | 0.24 | 2.45 | -0.03 | -0.39 | 0.00 | 0.00 | 1.37 | 1.55 | 2.73 | |
Interest | 0.82 | 0.37 | 0.34 | 0.46 | 0.54 | 0.38 | 0.43 | 0.51 | 0.28 | 0.24 | 0.22 | 0.24 |
Depreciation | 0.37 | 0.74 | 0.42 | 0.46 | 0.47 | 0.50 | 0.49 | 0.47 | 0.44 | 0.33 | 0.32 | 0.45 |
Profit before tax | 0.38 | 2.51 | 0.46 | -4.91 | 2.92 | -0.40 | 0.00 | 0.33 | 0.59 | 0.21 | 0.10 | 0.64 |
Tax % | -228.95% | 15.14% | -93.48% | 236.05% | 19.18% | -25.00% | 3.03% | -174.58% | 4.76% | 360.00% | 25.00% | |
1.25 | 2.14 | 0.88 | -16.51 | 2.36 | -0.30 | 0.03 | 0.32 | 1.62 | 0.19 | -0.27 | 0.47 | |
EPS in Rs | 0.84 | 1.44 | 0.59 | -11.14 | 1.64 | -0.21 | 0.02 | 0.22 | 1.13 | 0.13 | -0.19 | 0.33 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -100% |
Compounded Profit Growth | |
---|---|
10 Years: | -14% |
5 Years: | 0% |
3 Years: | -34% |
TTM: | 218% |
Stock Price CAGR | |
---|---|
10 Years: | 17% |
5 Years: | 49% |
3 Years: | 12% |
1 Year: | -17% |
Return on Equity | |
---|---|
10 Years: | -8% |
5 Years: | 4% |
3 Years: | 1% |
Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 2.96 | 2.96 | 2.96 | 2.96 | 2.88 | 2.88 | 2.88 | 2.88 | 2.88 | 2.88 | 2.88 | 2.88 |
Reserves | 19.32 | 21.18 | 22.07 | 5.56 | 7.74 | 7.45 | 7.47 | 7.80 | 9.42 | 9.61 | 9.83 | 10.24 |
3.61 | 3.32 | 2.71 | 4.74 | 2.28 | 3.54 | 4.52 | 2.40 | 1.82 | 1.71 | 0.71 | 0.71 | |
3.08 | 3.28 | 3.18 | 2.99 | 4.90 | 4.69 | 4.57 | 5.02 | 4.49 | 3.59 | 3.40 | 3.22 | |
Total Liabilities | 28.97 | 30.74 | 30.92 | 16.25 | 17.80 | 18.56 | 19.44 | 18.10 | 18.61 | 17.79 | 16.82 | 17.05 |
6.47 | 6.41 | 6.17 | 5.93 | 5.46 | 5.89 | 5.39 | 4.93 | 4.50 | 4.18 | 4.38 | 3.93 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 3.71 | 3.16 | 3.02 | 2.73 | 1.79 | 2.23 | 1.13 | 0.07 | 0.07 | 0.07 | 3.02 | 6.09 |
18.79 | 21.17 | 21.73 | 7.59 | 10.55 | 10.44 | 12.92 | 13.10 | 14.04 | 13.54 | 9.42 | 7.03 | |
Total Assets | 28.97 | 30.74 | 30.92 | 16.25 | 17.80 | 18.56 | 19.44 | 18.10 | 18.61 | 17.79 | 16.82 | 17.05 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-0.88 | -0.53 | 0.77 | -5.25 | 3.18 | -2.31 | -2.55 | -1.08 | -0.92 | -2.98 | -1.37 | -1.14 | |
7.55 | 1.74 | -0.12 | 3.58 | -2.63 | 1.21 | 2.05 | 4.45 | 1.40 | 4.66 | 1.23 | 1.36 | |
-6.67 | -0.77 | -0.91 | 1.50 | -0.79 | 0.89 | 0.55 | -2.63 | -0.85 | -0.35 | -1.51 | -0.13 | |
Net Cash Flow | 0.00 | 0.43 | -0.25 | -0.16 | -0.24 | -0.21 | 0.04 | 0.74 | -0.37 | 1.33 | -1.65 | 0.10 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
Inventory Days | 0.00 | |||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
Working Capital Days | 455.31 | 366.11 | 710.79 | -186.63 | -169.72 | -239.03 | -192.24 | -204.66 | 1,566.80 | 2,603.31 | 3,160.66 | |
ROCE % | 4.14% | 11.17% | 3.22% | -22.83% | 26.45% | 2.02% | 5.98% | 6.01% | 6.40% | 3.18% | 3.55% | 6.46% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
28 May - Disclosure of publication of Audited Financial Results for the fourth quarter and financial year ended March 31, 2025 in Newspapers.
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Revised Outcome Of Board Meeting Held On May 27, 2025.
27 May - Approved audited financial results FY ended March 31, 2025 with unmodified audit opinion.
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Submission Of Audited Financial Results Along With The Auditor'S Report For The Fourth Quarter And Financial Year Ended March 31, 2025 Under Regulation 30 & 33 Of SEBI (LODR) Regulations, 2015.
27 May - Amforge Industries reports audited FY25 results with Rs.47.26 lakh profit; auditor's report unmodified.
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Board Meeting Outcome for Outcome Of The Board Meeting Held On May 27, 2025
27 May - Audited FY25 financial results approved; unmodified audit opinion; net profit Rs.47.26 lakh; disclosed per SEBI norms.
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Board Meeting Intimation for Approval Of Audited Financial Results Of The Company For The Fourth Quarter And Financial Year Ended 31St March, 2025.
23 May - Board meeting on May 27 to approve FY25 audited financial results; trading window closed Apr 1-May 29.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2010
from bse
Business Overview:[1]
AIL, part of the Makar family, previously manufactured steel forgings for 2-wheeler crankshafts, connecting rods, bevel gears, bridge fork bottoms, etc., at its Chinchwad plant in Pune, serving the automotive industry. Currently, the company has no manufacturing operations.