Amic Forging Ltd
Incorporated in 2007, AMIC Forging Ltd is in the business of manufacturing forged components[1]
- Market Cap ₹ 2,601 Cr.
- Current Price ₹ 2,252
- High / Low ₹ 2,605 / 1,065
- Stock P/E 85.3
- Book Value ₹ 198
- Dividend Yield 0.00 %
- ROCE 25.2 %
- ROE 18.1 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 122% CAGR over last 5 years
Cons
- Stock is trading at 11.4 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 102 to 137 days.
- Working capital days have increased from 76.9 days to 120 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 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 26 | 71 | 116 | 126 | 120 | 141 | |
| 25 | 69 | 102 | 109 | 92 | 95 | |
| Operating Profit | 2 | 2 | 14 | 16 | 28 | 46 |
| OPM % | 6% | 3.1% | 12% | 13% | 23% | 33% |
| 0 | 0 | 1 | 3 | 21 | -2 | |
| Interest | 0 | 1 | 1 | 1 | 0 | 0 |
| Depreciation | 0 | 1 | 1 | 1 | 3 | 4 |
| Profit before tax | 1 | 1 | 13 | 19 | 45 | 40 |
| Tax % | 27% | 30% | 26% | 26% | 22% | 29% |
| 1 | 1 | 10 | 14 | 36 | 28 | |
| EPS in Rs | 0.88 | 1.36 | 12.55 | 13.19 | 33.90 | 26.30 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 40% |
| 3 Years: | 7% |
| TTM: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 122% |
| 3 Years: | 46% |
| TTM: | 142% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 52% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 18% |
| Last Year: | 18% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.71 | 0.71 | 0.86 | 10 | 10 | 11 |
| Reserves | 6 | 7 | 19 | 54 | 114 | 202 |
| 4 | 11 | 5 | 4 | 0 | 6 | |
| 5 | 13 | 37 | 24 | 28 | 38 | |
| Total Liabilities | 16 | 32 | 62 | 92 | 153 | 256 |
| 4 | 5 | 8 | 12 | 35 | 38 | |
| CWIP | 0 | 0 | 0 | 0 | 6 | 62 |
| Investments | 2 | 2 | 8 | 19 | 22 | 11 |
| 11 | 24 | 47 | 62 | 90 | 144 | |
| Total Assets | 16 | 32 | 62 | 92 | 153 | 256 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| -2 | 6 | 18 | -8 | 6 | 9 | |
| -2 | -12 | -13 | -10 | -19 | -87 | |
| 4 | 6 | -4 | 29 | 20 | 65 | |
| Net Cash Flow | 0 | 0 | 1 | 11 | 7 | -13 |
| Free Cash Flow | -2 | 4 | 15 | -13 | -26 | -54 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -131% | 283% | 156% | -21% | 56% | 46% |
Ratios
Consolidated / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 125 | 71 | 69 | 85 | 83 | 137 |
| Inventory Days | 16 | 1 | 27 | 1 | 77 | 141 |
| Days Payable | 73 | 74 | 120 | 63 | 72 | 91 |
| Cash Conversion Cycle | 68 | -2 | -25 | 23 | 88 | 187 |
| Working Capital Days | 66 | 1 | -22 | 34 | 77 | 120 |
| ROCE % | 13% | 64% | 36% | 28% | 25% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Capital Expenditure on Property, Plant and Equipment ₹ Lakhs |
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| Domestic Sales Share % of Revenue from Operations |
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| Export Sales Share % of Revenue from Operations |
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| Total Inventory ₹ Lakhs |
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| Foreign Exchange Earnings ₹ Lakhs |
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| Permanent Employees Number |
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Extracted by Screener AI
Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026.
-
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- AGM voting results disclosed; all six resolutions passed, including remuneration hikes for G L and Anshul Chamaria.
-
Shareholder Meeting / Postal Ballot-Outcome of AGM
- Amic Forging held its AGM on 30 September 2026; six ordinary resolutions were proposed, including remuneration increases.
- Closure of Trading Window
-
Reg. 34 (1) Annual Report.
- 19th AGM on 30 Sept 2026; seeks approval for directors’ remuneration increase to ₹15 lakh monthly.
Annual reports
-
Annual Report 2026
from bse
-
Annual Report 2025
from bse
-
Annual Report 2024
from bse
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.