EL Forge Ltd

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

EL Forge Ltd

₹ 17.7 -2.96%
26 May - close price
elforge.com BSE: 531144
About

Incorporated in 1934, EL Forge Ltd is in the business of manufacture and sale of Steel Forgings.[1]

Key Points

Business Overview:[1]
ELFL is engaged in the business of production
Rough Steel Forgings i.e. fuel injection forgings,
steering rods, tie rods, engine and gear boxes,
starter items etc. for OEMs in automobile industry. The company exports its products
to countries like US, China, etc.It is also engaged in development of land.

Website BSE
  • Market Cap ₹ 36.0 Cr.
  • Current Price ₹ 17.7
  • High / Low ₹ 26.5 / 12.1
  • Stock P/E 15.0
  • Book Value ₹ 13.4
  • Dividend Yield 0.00 %
  • ROCE 11.1 %
  • ROE 9.20 %
  • 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

Consumer Discretionary Automobile and Auto Components Auto Components Auto Components & Equipments

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
18.24 18.23 17.71 15.05 17.33 17.02 20.53 18.98 19.60 20.61 17.11 20.17 22.51
16.13 16.64 16.52 14.05 16.13 16.01 19.51 17.94 18.64 19.75 16.36 19.32 20.74
Operating Profit 2.11 1.59 1.19 1.00 1.20 1.01 1.02 1.04 0.96 0.86 0.75 0.85 1.77
OPM % 11.57% 8.72% 6.72% 6.64% 6.92% 5.93% 4.97% 5.48% 4.90% 4.17% 4.38% 4.21% 7.86%
-0.72 -0.53 -0.22 -0.14 69.36 0.04 0.26 0.09 0.20 0.14 0.12 0.06 0.22
Interest 0.09 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.14 0.12 0.12 0.12
Depreciation 1.27 0.46 0.46 0.46 0.47 0.47 0.43 0.46 0.48 0.46 0.45 0.28 0.63
Profit before tax 0.03 0.48 0.39 0.28 69.97 0.46 0.73 0.55 0.56 0.40 0.30 0.51 1.24
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%
0.03 0.48 0.40 0.28 69.96 0.46 0.73 0.56 0.55 0.39 0.30 0.51 1.24
EPS in Rs 0.01 0.24 0.20 0.14 34.42 0.23 0.36 0.28 0.27 0.19 0.15 0.25 0.61
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
53.74 38.77 32.55 42.46 49.77 32.80 27.30 40.34 58.46 68.32 76.13 80.41
59.52 42.71 35.37 45.04 48.99 34.95 38.00 39.31 54.60 63.32 72.10 76.19
Operating Profit -5.78 -3.94 -2.82 -2.58 0.78 -2.15 -10.70 1.03 3.86 5.00 4.03 4.22
OPM % -10.76% -10.16% -8.66% -6.08% 1.57% -6.55% -39.19% 2.55% 6.60% 7.32% 5.29% 5.25%
-0.90 -1.30 -2.05 1.20 29.70 9.55 14.99 1.60 -0.88 68.44 0.59 0.54
Interest 1.35 1.29 2.89 3.40 0.61 0.20 0.46 0.43 0.40 0.48 0.48 0.50
Depreciation 9.74 9.54 8.22 6.85 6.61 6.59 6.12 6.17 4.89 1.84 1.84 1.83
Profit before tax -17.77 -16.07 -15.98 -11.63 23.26 0.61 -2.29 -3.97 -2.31 71.12 2.30 2.43
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%
-17.77 -16.07 -15.98 -11.63 23.26 0.61 -2.28 -3.97 -2.31 71.12 2.30 2.44
EPS in Rs -8.74 -7.91 -7.86 -5.72 11.44 0.30 -1.12 -1.95 -1.14 34.99 1.13 1.20
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: 8%
5 Years: 24%
3 Years: 11%
TTM: 6%
Compounded Profit Growth
10 Years: 8%
5 Years: 16%
3 Years: 55%
TTM: 11%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 18%
1 Year: -21%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 9%

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 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 -54.99 -71.06 -84.81 -96.44 -73.18 -72.57 -74.85 -78.82 -81.13 2.16 4.45 6.89
153.59 152.21 139.77 133.13 42.45 21.66 12.11 12.11 12.11 0.00 0.00 0.00
39.47 41.40 44.42 36.08 94.06 92.07 82.89 83.29 85.82 15.48 14.45 13.57
Total Liabilities 158.39 142.87 119.70 93.09 83.65 61.48 40.47 36.90 37.12 37.96 39.22 40.78
89.77 78.21 55.80 47.09 41.02 34.57 31.99 26.56 23.47 22.01 21.43 21.25
CWIP 3.04 3.02 3.02 3.02 3.02 3.07 0.00 0.00 0.00 0.00 0.00 0.01
Investments 3.93 3.85 3.85 3.74 3.74 3.74 0.00 0.00 0.00 0.00 0.00 0.04
61.65 57.79 57.03 39.24 35.87 20.10 8.48 10.34 13.65 15.95 17.79 19.48
Total Assets 158.39 142.87 119.70 93.09 83.65 61.48 40.47 36.90 37.12 37.96 39.22 40.78

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
-21.15 6.11 15.25 -11.32 36.31 21.03 6.24 0.02 3.34 1.22 2.40 3.14
1.51 0.38 2.52 1.99 -1.03 -0.21 -0.28 1.01 -2.04 -0.08 -0.89 -1.37
19.23 -6.56 -17.78 9.51 -35.14 -21.00 -5.32 -0.43 -0.40 -0.48 -0.48 -0.50
Net Cash Flow -0.40 -0.07 0.00 0.17 0.14 -0.19 0.64 0.59 0.90 0.66 1.04 1.28
Free Cash Flow -21.36 6.48 17.44 -9.42 35.77 20.84 5.78 -0.79 1.56 1.00 1.28 3.16
CFO/OP 366% -155% -541% 439% 4,655% -978% -58% 2% 87% 24% 60% 74%

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 102.29 123.52 170.89 38.51 34.18 36.50 18.18 18.01 23.60 29.06 29.34 30.14
Inventory Days 276.54 304.07 356.86 213.58 190.35 277.38 90.87 71.73 48.28 35.97 27.63 30.63
Days Payable 311.47 392.42 584.53 355.13 1,049.62 1,647.01 79.99 40.70 86.51 80.08 70.32 59.05
Cash Conversion Cycle 67.36 35.16 -56.78 -103.04 -825.10 -1,333.13 29.07 49.03 -14.63 -15.05 -13.35 1.72
Working Capital Days -389.52 -617.97 -520.87 -776.85 -556.34 -920.18 -12.70 1.81 -0.69 2.83 11.12 18.52
ROCE % -12.13% -8.51% -12.49% -14.23% -24.68% 11.17% 11.08%

Insights

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Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
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Number of Permanent Employees
Numbers
Actual Production Volume (Steel Forgings)
MT
Sale of Manufactured Goods (Steel Forgings)
MT

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
40.71% 40.71% 40.81% 40.81% 40.81% 40.81% 40.81% 40.81% 40.81% 40.81% 40.77% 40.77%
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% 59.18% 59.17% 59.16% 59.17% 59.18% 59.16% 59.17% 59.18% 59.21% 59.21%
No. of Shareholders 9,5599,4509,4619,5299,59210,17411,32411,31811,23811,19911,09611,015

* 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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