Amic Forging Ltd
Incorporated in 2007, AMIC Forging Ltd is in the business of manufacturing forged components[1]
- Market Cap ₹ 1,640 Cr.
- Current Price ₹ 1,453
- High / Low ₹ 1,750 / 850
- Stock P/E 79.6
- 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 a good return on equity (ROE) track record: 3 Years ROE 28.2%
Cons
- Stock is trading at 13.2 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 26 | 71 | 116 | 126 | 120 | |
| 25 | 69 | 102 | 109 | 92 | |
| Operating Profit | 2 | 2 | 14 | 16 | 28 |
| OPM % | 6% | 3% | 12% | 13% | 23% |
| 0 | 0 | 1 | 3 | 21 | |
| Interest | 0 | 1 | 1 | 1 | 0 |
| Depreciation | 0 | 1 | 1 | 1 | 3 |
| Profit before tax | 1 | 1 | 13 | 19 | 45 |
| Tax % | 27% | 30% | 26% | 26% | 22% |
| 1 | 1 | 10 | 14 | 36 | |
| EPS in Rs | 7.88 | 12.24 | 112.52 | 13.19 | 31.50 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 19% |
| TTM: | -4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 187% |
| TTM: | 69% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -8% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 28% |
| Last Year: | 22% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 0.71 | 0.71 | 0.86 | 10 | 10 |
| Reserves | 6 | 7 | 19 | 54 | 114 |
| 4 | 11 | 5 | 4 | 0 | |
| 5 | 13 | 37 | 24 | 28 | |
| Total Liabilities | 16 | 32 | 62 | 92 | 153 |
| 4 | 5 | 8 | 12 | 35 | |
| CWIP | 0 | 0 | 0 | 0 | 6 |
| Investments | 2 | 2 | 8 | 19 | 22 |
| 11 | 24 | 47 | 62 | 90 | |
| Total Assets | 16 | 32 | 62 | 92 | 153 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -2 | 6 | 18 | -8 | 6 | |
| -2 | -12 | -13 | -10 | -19 | |
| 4 | 6 | -4 | 29 | 20 | |
| Net Cash Flow | 0 | 0 | 1 | 11 | 7 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 125 | 71 | 69 | 85 | 83 |
| Inventory Days | 16 | 1 | 27 | 1 | 77 |
| Days Payable | 73 | 74 | 120 | 63 | 72 |
| Cash Conversion Cycle | 68 | -2 | -25 | 23 | 88 |
| Working Capital Days | 66 | 1 | -22 | 34 | 77 |
| ROCE % | 13% | 64% | 36% | 28% |
Documents
Announcements
-
Intimation Of Book Closure For Annual General Meeting Of The Company Under Regulation 42 Of SEBI (LODR), Regulations, 2015
25 Aug - 18th AGM on 16 Sep 2025 at 3:00 PM via VC; book closure 06–16 Sep 2025 (scrip 544037).
- NOTICE OF 18TH ANNUAL GENERAL MEETING OF THE COMPANY 25 Aug
- Reg. 34 (1) Annual Report. 25 Aug
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
16 Jul - Amic Forging secures Rs. 5.46 crore order for high-performance roller segments from Mitsubishi JV.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
11 Jul - Compliance certificate confirming no remat/demat requests for quarter ended June 30, 2025.
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.