Amic Forging Ltd
Incorporated in 2007, AMIC Forging Ltd is in the business of manufacturing forged components[1]
- Market Cap ₹ 1,734 Cr.
- Current Price ₹ 1,536
- High / Low ₹ 1,809 / 850
- Stock P/E 48.8
- Book Value ₹ 110
- Dividend Yield 0.00 %
- ROCE 47.5 %
- ROE 37.6 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 142% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 38.2%
Cons
- Stock is trading at 13.9 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 31.4 days to 76.9 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 | 121 | |
| 12 | 25 | 69 | 102 | 109 | 93 | |
| 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: | 142% |
| 3 Years: | 230% |
| TTM: | 191% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 5% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 36% |
| 3 Years: | 38% |
| Last Year: | 38% |
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 | 89 | |
| 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 | 87 |
| Working Capital Days | 48 | 73 | 7 | -20 | 37 | 77 |
| ROCE % | 13% | 13% | 64% | 36% | 48% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
2d - Amic Forging to buy land, factory, plant, machinery for Rs 27 Cr from Bengal Hammer.
- Rectified Financial Result For Half Year And Year Ended March 31, 2025 31 May
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
31 May - Amic Forging announces FY25 results and major capex to expand forging, machining, and ingot capacities.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
30 May - Amic Forging reports FY25 strong profits, strategic capex expanding forging, machining, and ingot production capacities.
- Financial Result For The Half Year And Year Ended On 31.03.2025 30 May
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.