Amic Forging Ltd
Incorporated in 2007, AMIC Forging Ltd is in the business of manufacturing forged components[1]
- Market Cap ₹ 1,731 Cr.
- Current Price ₹ 1,490
- High / Low ₹ 1,750 / 850
- Stock P/E 84.0
- 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 13.5 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: | 18% |
| 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
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 16 Oct
- Notice Of EXTRA ORDINARY GENERAL MEETING 14 Oct
- NOTICE OF EXTRAORDINARY GENERAL MEETING OF THE COMPANY 14 Oct
-
Announcement under Regulation 30 (LODR)-Meeting Updates
10 Oct - Approve preferential issue 260,425 shares @Rs1536 (Rs400,012,800) and 65,000 warrants @Rs1536 (Rs99,840,000); EGM Nov 05, 2025.
-
Announcement under Regulation 30 (LODR)-Raising of Funds
10 Oct - Board approved 260,425 shares at Rs1,536 (Rs40.00 Cr) and 65,000 warrants Rs9.98 Cr; EGM on Nov 05, 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.