Amforge Industries Ltd
Incorporated in 1971, Amforge Industries Ltd is a manufacturer of Steel Forgings[1]
- Market Cap ₹ 10.2 Cr.
- Current Price ₹ 7.07
- High / Low ₹ 10.9 / 6.05
- Stock P/E
- Book Value ₹ 14.3
- Dividend Yield 0.00 %
- ROCE -21.7 %
- ROE -29.9 %
- Face Value ₹ 2.00
Pros
- Stock is trading at 0.49 times its book value
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of -20.4% over last 3 years.
- Contingent liabilities of Rs.9.19 Cr.
- Company has high debtors of 1,574 days.
- Working capital days have increased from 2,347 days to 4,617 days
* 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
Consolidated Figures in Rs. Crores / View Standalone
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2009 | Mar 2010 | Mar 2011 | |
|---|---|---|---|
| 24.72 | 0.00 | 0.83 | |
| 32.94 | 3.65 | 11.66 | |
| Operating Profit | -8.22 | -3.65 | -10.83 |
| OPM % | -33.25% | -1,304.82% | |
| 1.46 | -0.60 | 4.98 | |
| Interest | 1.42 | 0.22 | 0.90 |
| Depreciation | 0.97 | 0.94 | 0.90 |
| Profit before tax | -9.15 | -5.41 | -7.65 |
| Tax % | -37.81% | -2.03% | -29.28% |
| -5.69 | -5.30 | -5.41 | |
| EPS in Rs | -3.84 | -3.58 | -3.65 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | % |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -56% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 33% |
| 3 Years: | 8% |
| 1 Year: | -12% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -20% |
| Last Year: | -30% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2009 | Mar 2010 | Mar 2011 | |
|---|---|---|---|
| Equity Capital | 2.96 | 2.96 | 2.96 |
| Reserves | 28.57 | 23.27 | 18.26 |
| 9.86 | 9.96 | 20.26 | |
| 16.64 | 11.66 | 15.67 | |
| Total Liabilities | 58.03 | 47.85 | 57.15 |
| 12.37 | 11.30 | 10.05 | |
| CWIP | 0.28 | 0.27 | 0.28 |
| Investments | 15.56 | 11.58 | 10.85 |
| 29.82 | 24.70 | 35.97 | |
| Total Assets | 58.03 | 47.85 | 57.15 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2009 | Mar 2010 | Mar 2011 | |
|---|---|---|---|
| 1.57 | 5.01 | -10.92 | |
| -1.30 | -6.17 | 1.52 | |
| 0.16 | 0.63 | 9.40 | |
| Net Cash Flow | 0.43 | -0.53 | 0.00 |
| Free Cash Flow | 1.52 | 5.45 | -10.70 |
| CFO/OP | -25% | -138% | 100% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2009 | Mar 2010 | Mar 2011 | |
|---|---|---|---|
| Debtor Days | 109.71 | 1,574.34 | |
| Inventory Days | 127.09 | 6,403.14 | 880.06 |
| Days Payable | 232.42 | 7,967.43 | 604.28 |
| Cash Conversion Cycle | 4.38 | 1,850.12 | |
| Working Capital Days | 77.08 | 4,617.47 | |
| ROCE % | -11.42% | -21.73% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Rental Income from Investment Property Rs. in 000s ・Standalone data |
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| Number of Shareholders Absolute ・Standalone data |
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| Fair Value of Investment Property Rs. in 000s ・Standalone data |
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Documents
Announcements
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Closure of Trading Window
25 Mar - Trading window closed from 01 April 2026 until 48 hours after audited results for year ended 31 March 2026.
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Intimation For Shifting Of Registered Office Of The Company Within The Local Limits With Effect From March 13, 2026
12 Mar - Shifting registered office within Mumbai to B-61, Floor-6, Mittal Tower, effective 13 Mar 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
12 Feb - Disclosure of Publication of un-audited Financial Results for the third quarter and nine months ended December 31,2025 in newspapers
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Un-Audited Financial Results For The Third Quarter And Nine Months Ended December 31, 2025
11 Feb - Unaudited Q3 and nine-month results to Dec 31, 2025; limited review issued; nine-month income Rs.187.77 lakh.
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Board Meeting Outcome for Outcome Of Board Meeting Held On February 11, 2026
11 Feb - Approved unaudited Q3 and nine-month results to Dec 31, 2025; limited review unmodified.
Annual reports
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Financial Year 2025
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Financial Year 2024
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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
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Financial Year 2011
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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.