Amforge Industries Ltd

₹ 5.40 4.25%

11 Sep - close price

About

Incorporated in 1971, Amforge Industries Ltd is a manufacturer of Steel Forgings^[1]

Key Points

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.

Website BSE

Market Cap ₹ 7.77 Cr.
Current Price ₹ 5.40
High / Low ₹ 10.4 / 4.86
Stock P/E 77.7
Book Value ₹ 9.10
Dividend Yield 0.00 %
ROCE -1.12 %
ROE -3.05 %
Face Value ₹ 2.00

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Pros

Stock is trading at 0.59 times its book value

Cons

Company has low interest coverage ratio.
Company has a low return on equity of -0.83% over last 3 years.

* 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.

Peer comparison

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.35	0.46	0.41	0.92	0.31	0.36	0.29	0.48	0.39	0.37	0.52	0.99	0.43
Operating Profit	-0.35	-0.46	-0.41	-0.92	-0.31	-0.36	-0.29	-0.48	-0.39	-0.37	-0.52	-0.99	-0.43
OPM %
	0.50	0.64	0.51	0.97	0.65	0.66	0.74	0.68	0.50	0.53	0.85	0.62	0.99
Interest	0.05	0.05	0.03	0.08	0.05	0.05	0.05	0.10	0.05	0.05	0.04	0.06	0.07
Depreciation	0.07	0.07	0.07	0.12	0.13	0.13	0.13	0.08	0.08	0.08	0.07	0.06	0.12
Profit before tax	0.03	0.06	0.00	-0.15	0.16	0.12	0.27	0.02	-0.02	0.03	0.22	-0.49	0.37
Tax %	33.33%	33.33%		226.67%	25.00%	0.00%	22.22%	-950.00%	100.00%	0.00%	18.18%	0.00%	0.00%
	0.03	0.04	-0.01	-0.48	0.12	0.13	0.21	0.21	-0.04	0.03	0.18	-0.48	0.37
EPS in Rs	0.02	0.03	-0.01	-0.33	0.08	0.09	0.15	0.15	-0.03	0.02	0.13	-0.33	0.26
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	6.57	3.61	2.21	4.00	2.26	2.81	2.80	2.70	1.36	0.91	0.86	0.00	0.00
	2.85	2.84	6.44	2.52	1.75	1.50	1.49	1.39	1.95	1.82	1.39	2.42	2.31
Operating Profit	3.72	0.77	-4.23	1.48	0.51	1.31	1.31	1.31	-0.59	-0.91	-0.53	-2.42	-2.31
OPM %	56.62%	21.33%	-191.40%	37.00%	22.57%	46.62%	46.79%	48.52%	-43.38%	-100.00%	-61.63%
	-0.10	0.45	0.24	2.45	-0.03	-0.39	0.00	0.00	1.37	1.55	1.86	2.54	2.99
Interest	0.37	0.34	0.46	0.54	0.38	0.43	0.51	0.28	0.24	0.22	0.24	0.19	0.22
Depreciation	0.74	0.42	0.46	0.47	0.50	0.49	0.47	0.44	0.33	0.32	0.45	0.28	0.33
Profit before tax	2.51	0.46	-4.91	2.92	-0.40	0.00	0.33	0.59	0.21	0.10	0.64	-0.35	0.13
Tax %	15.14%	-93.48%	236.05%	19.18%	-25.00%		3.03%	-174.58%	4.76%	360.00%	25.00%	14.29%
	2.14	0.88	-16.51	2.36	-0.30	0.03	0.32	1.62	0.19	-0.27	0.47	-0.40	0.10
EPS in Rs	1.44	0.59	-11.14	1.64	-0.21	0.02	0.22	1.13	0.13	-0.19	0.33	-0.28	0.08
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:	%
5 Years:	%
3 Years:	%
TTM:	-80%

Stock Price CAGR
10 Years:	5%
5 Years:	8%
3 Years:	-20%
1 Year:	-45%

Return on Equity
10 Years:	-10%
5 Years:	2%
3 Years:	-1%
Last Year:	-3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	2.96	2.96	2.96	2.88	2.88	2.88	2.88	2.88	2.88	2.88	2.88	2.88
Reserves	21.18	22.07	5.56	7.74	7.45	7.47	7.80	9.42	9.61	9.83	10.24	10.21
	3.32	2.71	4.74	2.28	3.54	4.52	2.40	1.82	1.71	0.71	0.71	1.67
	3.28	3.18	2.99	4.90	4.69	4.57	5.02	4.49	3.59	3.40	3.22	3.70
Total Liabilities	30.74	30.92	16.25	17.80	18.56	19.44	18.10	18.61	17.79	16.82	17.05	18.46
	6.41	6.17	5.93	5.46	5.89	5.39	4.93	4.50	4.18	4.38	3.93	5.36
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	3.16	3.02	2.73	1.79	2.23	1.13	0.07	0.07	0.07	3.02	6.09	5.76
	21.17	21.73	7.59	10.55	10.44	12.92	13.10	14.04	13.54	9.42	7.03	7.34
Total Assets	30.74	30.92	16.25	17.80	18.56	19.44	18.10	18.61	17.79	16.82	17.05	18.46

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-0.53	0.77	-5.25	3.18	-2.31	-2.55	-1.08	-0.92	-2.98	-1.37	-1.14	-1.60
	1.74	-0.12	3.58	-2.63	1.21	2.05	4.45	1.40	4.66	1.23	1.36	0.52
	-0.77	-0.91	1.50	-0.79	0.89	0.55	-2.63	-0.85	-0.35	-1.51	-0.13	0.78
Net Cash Flow	0.43	-0.25	-0.16	-0.24	-0.21	0.04	0.74	-0.37	1.33	-1.65	0.10	-0.29
Free Cash Flow	-1.57	0.50	-5.24	3.19	-3.54	-2.46	-1.08	-0.93	-3.00	-1.38	-1.14	-2.61
CFO/OP	-30%	-78%	123%	238%	-351%	-176%	-67%	-51%	464%	151%	215%	66%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
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
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	230.56	524.75	-186.63	-169.72	-239.03	-192.24	-204.66	1,566.80	2,603.31	3,160.66	2,147.56
ROCE %	11.17%	3.22%	-22.83%	26.45%	2.02%	5.98%	6.01%	6.40%	3.18%	3.55%	6.53%	-1.12%

Insights

In beta

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Financial Investments Portfolio
Rs thousands

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Inter-Corporate Deposits Outstanding (Assets)
Rs thousands

Rental Income from Investment Properties
Rs thousands

Investment Property Fair Value
Rs thousands

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	56.96%	56.96%	56.96%	56.96%	56.96%	56.96%	56.96%	56.96%	56.96%	56.96%	56.96%	56.96%
	0.20%	0.20%	0.20%	0.17%	0.17%	0.17%	0.17%	0.17%	0.17%	0.17%	0.00%	0.00%
	42.84%	42.84%	42.84%	42.86%	42.87%	42.87%	42.87%	42.86%	42.87%	42.88%	43.04%	43.03%
No. of Shareholders	17,122	17,263	17,308	16,015	15,982	16,451	16,388	16,274	16,182	16,083	16,029	15,941

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	55.23%	56.89%	56.89%	56.89%	56.89%	56.89%	56.96%	56.96%	56.96%	56.96%	56.96%
	0.19%	0.19%	0.19%	0.19%	0.19%	0.19%	0.20%	0.20%	0.17%	0.00%	0.00%
	44.58%	42.91%	42.91%	42.92%	42.92%	42.92%	42.83%	42.84%	42.87%	43.04%	43.03%
No. of Shareholders	17,544	17,078	16,805	16,632	16,636	17,322	17,133	17,308	16,388	16,029	15,941

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Amforge Industries Ltd

Amforge Industries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports