Amic Forging Ltd
Incorporated in 2007, AMIC Forging Ltd is in the business of manufacturing forged components[1]
- Market Cap ₹ 1,847 Cr.
- Current Price ₹ 1,590
- High / Low ₹ 1,750 / 850
- Stock P/E 89.6
- Book Value ₹ 110
- Dividend Yield 0.00 %
- ROCE 27.9 %
- ROE 21.8 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 117% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.2%
Cons
- Stock is trading at 14.4 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Earnings include an other income of Rs.20.7 Cr.
- Working capital days have increased from 29.6 days to 77.5 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.
Peer comparison
Industrials Capital Goods Industrial Products Castings & Forgings
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 13 | 26 | 71 | 116 | 126 | 120 | |
| 12 | 25 | 69 | 102 | 109 | 92 | |
| Operating Profit | 1 | 2 | 2 | 14 | 16 | 28 |
| OPM % | 8% | 6% | 3% | 12% | 13% | 23% |
| 0 | 0 | 0 | 1 | 3 | 21 | |
| Interest | 0 | 0 | 1 | 1 | 1 | 0 |
| Depreciation | 0 | 0 | 1 | 1 | 1 | 3 |
| Profit before tax | 1 | 1 | 1 | 13 | 19 | 45 |
| Tax % | 21% | 18% | 24% | 26% | 26% | 22% |
| 0 | 1 | 1 | 10 | 14 | 36 | |
| EPS in Rs | 7.24 | 9.29 | 13.93 | 112.52 | 13.19 | 31.50 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 55% |
| 3 Years: | 19% |
| TTM: | -4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 117% |
| 3 Years: | 175% |
| TTM: | 68% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 30% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 27% |
| 3 Years: | 28% |
| Last Year: | 22% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.59 | 0.71 | 0.71 | 0.86 | 10 | 10 |
| Reserves | 4 | 6 | 7 | 19 | 54 | 114 |
| 2 | 4 | 11 | 5 | 4 | 0 | |
| 2 | 5 | 13 | 37 | 24 | 28 | |
| Total Liabilities | 9 | 16 | 32 | 62 | 92 | 153 |
| 4 | 4 | 5 | 8 | 12 | 35 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 6 |
| Investments | 0 | 2 | 2 | 8 | 19 | 22 |
| 4 | 11 | 24 | 47 | 62 | 90 | |
| Total Assets | 9 | 16 | 32 | 62 | 92 | 153 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| -0 | -2 | 6 | 18 | -8 | 6 | |
| -1 | -2 | -12 | -13 | -10 | -19 | |
| 1 | 4 | 6 | -4 | 29 | 20 | |
| Net Cash Flow | 0 | 0 | 0 | 1 | 11 | 7 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 83 | 125 | 71 | 69 | 85 | 83 |
| Inventory Days | 30 | 16 | 1 | 27 | 1 | 77 |
| Days Payable | 69 | 73 | 74 | 120 | 63 | 72 |
| Cash Conversion Cycle | 44 | 68 | -2 | -25 | 23 | 88 |
| Working Capital Days | 48 | 73 | 1 | -22 | 34 | 77 |
| ROCE % | 13% | 13% | 64% | 36% | 28% |
Documents
Announcements
-
Board Meeting Outcome for Outcome Of Board Meeting
14h - Board-approved unaudited H1 results ended 30 Sep 2025: Revenue ₹6,712.19L, PAT ₹1,240.10L, EPS ~11.8
- Financial Result For The Half Year Ended September 30, 2025 14h
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
14h - H1 revenue Rs 6,658.04L, EBITDA Rs 1,822.85L; capex live by 31 Jan 2026; supply deal with Prime Metal.
-
Board Meeting Intimation for Considering And Approving The Un-Audited Financial Results Of The Company For Half-Year Ended 30Th September, 2025
11 Nov - Board meeting on Nov 14, 2025 to approve unaudited results for half-year ended Sep 30, 2025; trading window closed.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 10 Nov
Business Overview:[1][2][3]
AMICFL manufactures Steel forgings and machined heavy precision parts catering to various industries. These are made as per the international standards like AISI, BS, IS, DIN etc. Some of the common running components are Rounds, Shafts, Blanks and complete finished engg. spare parts e.g. Gear coupling, Hub, Round, Flange, other all kinds of engineering spares as per customer specifications. These products are mainly manufactured in carbon steel, alloy steel, stainless steel, Nickel and Tools Alloys.