EL Forge Ltd

EL Forge Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

EL Forge Ltd

₹ 25.6 -3.40%
21 May - close price
elforge.com BSE: 531144
About

Incorporated in 1964, EL Forge Ltd manufactures Auto Ancillary parts viz. rough steel forgings for the automobile industry[1]

Key Points

Business Overview:[1]
Company serves major vehicle and automotive component manufacturers and process industries, both domestic and overseas. The range of materials handled includes Micro alloy steels, Carbon, Alloy, and Stainless Steel, and supplies are made both in as forged and machined.

Website BSE
  • Market Cap ₹ 52.0 Cr.
  • Current Price ₹ 25.6
  • High / Low ₹ 44.4 / 17.7
  • Stock P/E 22.6
  • Book Value ₹ 12.2
  • Dividend Yield 0.00 %
  • ROCE 11.8 %
  • ROE 9.73 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low

* 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

Sector: Castings, Forgings & Fastners Industry: Castings & Forgings

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
11.26 12.48 12.82 14.92 18.24 18.23 17.71 15.05 17.33 17.02 20.53 18.98 19.60
10.51 11.97 12.40 14.10 16.13 16.64 16.52 14.05 16.13 16.01 19.51 17.94 18.64
Operating Profit 0.75 0.51 0.42 0.82 2.11 1.59 1.19 1.00 1.20 1.01 1.02 1.04 0.96
OPM % 6.66% 4.09% 3.28% 5.50% 11.57% 8.72% 6.72% 6.64% 6.92% 5.93% 4.97% 5.48% 4.90%
-0.21 0.01 0.02 -0.19 -0.72 -0.53 -0.22 -0.14 69.36 0.04 0.26 0.09 0.20
Interest 0.09 0.10 0.10 0.10 0.09 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12
Depreciation 1.58 1.21 1.21 1.21 1.27 0.46 0.46 0.46 0.47 0.47 0.43 0.46 0.48
Profit before tax -1.13 -0.79 -0.87 -0.68 0.03 0.48 0.39 0.28 69.97 0.46 0.73 0.55 0.56
Tax % 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%
-1.12 -0.79 -0.87 -0.67 0.03 0.48 0.40 0.28 69.96 0.46 0.73 0.56 0.55
EPS in Rs -0.55 -0.39 -0.43 -0.33 0.01 0.24 0.20 0.14 34.42 0.23 0.36 0.28 0.27
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 9m Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
66.49 53.74 38.77 32.55 42.46 49.77 32.80 27.30 40.34 58.46 68.32 76.13
63.66 59.52 42.71 35.37 45.04 48.99 34.95 38.00 39.31 54.60 63.32 72.10
Operating Profit 2.83 -5.78 -3.94 -2.82 -2.58 0.78 -2.15 -10.70 1.03 3.86 5.00 4.03
OPM % 4.26% -10.76% -10.16% -8.66% -6.08% 1.57% -6.55% -39.19% 2.55% 6.60% 7.32% 5.29%
-4.99 -0.90 -1.30 -2.05 1.20 29.70 9.55 14.99 1.60 -0.88 68.44 0.59
Interest 2.14 1.35 1.29 2.89 3.40 0.61 0.20 0.46 0.43 0.40 0.48 0.48
Depreciation 7.05 9.74 9.54 8.22 6.85 6.61 6.59 6.12 6.17 4.89 1.84 1.84
Profit before tax -11.35 -17.77 -16.07 -15.98 -11.63 23.26 0.61 -2.29 -3.97 -2.31 71.12 2.30
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-11.36 -17.77 -16.07 -15.98 -11.63 23.26 0.61 -2.28 -3.97 -2.31 71.12 2.30
EPS in Rs -5.59 -8.74 -7.91 -7.86 -5.72 11.44 0.30 -1.12 -1.95 -1.14 34.99 1.13
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: 4%
5 Years: 18%
3 Years: 24%
TTM: 11%
Compounded Profit Growth
10 Years: 8%
5 Years: 18%
3 Years: 34%
TTM: -22%
Stock Price CAGR
10 Years: 20%
5 Years: %
3 Years: %
1 Year: 42%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 10%

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 20.32 20.32 20.32 20.32 20.32 20.32 20.32 20.32 20.32 20.32 20.32 20.32
Reserves -36.52 -54.99 -71.06 -84.81 -96.44 -73.18 -72.57 -74.85 -78.82 -81.13 2.16 4.45
149.71 153.59 152.21 139.77 133.13 42.45 21.66 12.11 12.11 12.11 0.00 0.00
47.33 39.47 41.40 44.42 36.08 94.06 92.07 82.89 83.29 85.82 15.48 14.45
Total Liabilities 180.84 158.39 142.87 119.70 93.09 83.65 61.48 40.47 36.90 37.12 37.96 39.22
100.00 89.77 78.21 55.80 47.09 41.02 34.57 31.99 26.56 23.47 22.01 21.43
CWIP 3.04 3.04 3.02 3.02 3.02 3.02 3.07 0.00 0.00 0.00 0.00 0.00
Investments 3.93 3.93 3.85 3.85 3.74 3.74 3.74 0.00 0.00 0.00 0.00 0.00
73.87 61.65 57.79 57.03 39.24 35.87 20.10 8.48 10.34 13.65 15.95 17.79
Total Assets 180.84 158.39 142.87 119.70 93.09 83.65 61.48 40.47 36.90 37.12 37.96 39.22

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
-4.70 -21.15 6.11 15.25 -11.32 36.31 21.03 6.24 0.02 3.34 1.79 2.40
10.93 1.51 0.38 2.52 1.99 -1.03 -0.21 -0.28 1.01 -2.04 -0.08 -0.89
-6.69 19.23 -6.56 -17.78 9.51 -35.14 -21.00 -5.32 -0.43 -0.40 -0.48 -0.48
Net Cash Flow -0.46 -0.40 -0.07 0.00 0.17 0.14 -0.19 0.64 0.59 0.90 1.22 1.04

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 130.60 102.29 123.52 170.89 38.51 34.18 36.50 18.18 18.01 23.60 29.06 29.34
Inventory Days 270.69 276.54 304.07 356.86 213.58 190.35 277.38 90.87 71.73 48.28 35.97 27.63
Days Payable 340.28 311.47 392.42 584.53 355.13 1,049.62 1,647.01 79.99 40.70 86.51 80.08 70.32
Cash Conversion Cycle 61.01 67.36 35.16 -56.78 -103.04 -825.10 -1,333.13 29.07 49.03 -14.63 -15.05 -13.35
Working Capital Days -112.15 -40.21 -146.68 -85.11 21.06 -436.72 -813.91 -12.70 1.81 -0.69 2.78 11.12
ROCE % -2.15% -12.13% -8.51% -12.49% -14.23% -24.68% 11.76%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
40.71% 40.71% 40.71% 40.71% 40.71% 40.71% 40.81% 40.81% 40.81% 40.81% 40.81% 40.81%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
59.28% 59.28% 59.28% 59.28% 59.28% 59.28% 59.18% 59.17% 59.16% 59.17% 59.18% 59.16%
No. of Shareholders 9,5349,5299,5299,5399,5599,4509,4619,5299,59210,17411,32411,318

* 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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Documents

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