Amic Forging Ltd
Incorporated in 2007, AMIC Forging Ltd is in the business of manufacturing forged components[1]
- Market Cap ₹ 1,926 Cr.
- Current Price ₹ 1,668
- High / Low ₹ 1,820 / 1,065
- Stock P/E 76.4
- Book Value ₹ 139
- Dividend Yield 0.00 %
- ROCE 27.9 %
- ROE 21.8 %
- Face Value ₹ 10.0
Pros
- 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 12.0 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- 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 | TTM | |
|---|---|---|---|---|---|---|---|
| 13 | 26 | 71 | 116 | 126 | 120 | 124 | |
| 12 | 25 | 69 | 102 | 109 | 92 | 90 | |
| Operating Profit | 1 | 2 | 2 | 14 | 16 | 28 | 34 |
| OPM % | 8% | 6% | 3% | 12% | 13% | 23% | 28% |
| 0 | 0 | 0 | 1 | 3 | 21 | 4 | |
| Interest | 0 | 0 | 1 | 1 | 1 | 0 | 0 |
| Depreciation | 0 | 0 | 1 | 1 | 1 | 3 | 4 |
| Profit before tax | 1 | 1 | 1 | 13 | 19 | 45 | 33 |
| Tax % | 21% | 18% | 24% | 26% | 26% | 22% | |
| 0 | 1 | 1 | 10 | 14 | 36 | 25 | |
| EPS in Rs | 7.24 | 9.29 | 13.93 | 112.52 | 13.19 | 33.90 | 24.05 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 55% |
| 3 Years: | 19% |
| TTM: | -10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 117% |
| 3 Years: | 175% |
| TTM: | -14% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 14% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.59 | 0.71 | 0.71 | 0.86 | 10 | 10 | 10 |
| Reserves | 4 | 6 | 7 | 19 | 54 | 114 | 136 |
| 2 | 4 | 11 | 5 | 4 | 0 | 7 | |
| 2 | 5 | 13 | 37 | 24 | 28 | 46 | |
| Total Liabilities | 9 | 16 | 32 | 62 | 92 | 153 | 199 |
| 4 | 4 | 5 | 8 | 12 | 35 | 33 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 6 | 36 |
| Investments | 0 | 2 | 2 | 8 | 19 | 22 | 22 |
| 4 | 11 | 24 | 47 | 62 | 90 | 108 | |
| Total Assets | 9 | 16 | 32 | 62 | 92 | 153 | 199 |
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 |
| Free Cash Flow | -1 | -2 | 4 | 15 | -13 | -26 |
| CFO/OP | -15% | -126% | 276% | 156% | -21% | 55% |
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% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Direct Forging & Annealing Charges INR Lakhs |
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| Domestic Revenue Contribution Percentage |
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| Export Revenue Contribution Percentage |
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| Number of Permanent Employees Count |
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| Single Component Forging Weight Capacity MT |
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| Installed Capacity - Forging MT Per Year |
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| Installed Capacity - Machining MT Per Year |
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Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
4h - AMIC Forging reported FY26 results; Phase 1 ₹150 Cr expansion commissions 15 June 2026.
-
Audited Financial Result
5h - Board approved audited standalone and consolidated FY26 results on May 30, 2026, with unmodified audit opinion.
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Board Meeting Outcome for Outcome Of Board Meeting
5h - Board approved FY26 audited standalone and consolidated results; revenue Rs 14,178.48 lakh, profit Rs 2,827.71 lakh, unmodified opinion.
-
Board Meeting Intimation for Audited Financial Result.
26 May - Board meeting on May 30, 2026 to approve audited results for half year and year ended March 31, 2026.
- Corrigendum To The Notice Of The Extra Ordinary General Meeting Scheduled To Be Held On June 05, 2026 23 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.