Amic Forging Ltd
Incorporated in 2007, AMIC Forging Ltd is in the business of manufacturing forged components[1]
- Market Cap ₹ 2,015 Cr.
- Current Price ₹ 1,745
- High / Low ₹ 1,948 / 1,065
- Stock P/E 71.3
- Book Value ₹ 198
- Dividend Yield 0.00 %
- ROCE 23.5 %
- ROE 16.8 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 118% CAGR over last 5 years
Cons
- Stock is trading at 8.83 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 101 to 136 days.
- Working capital days have increased from 76.6 days to 119 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 | 142 | |
| 25 | 69 | 102 | 109 | 92 | 99 | |
| Operating Profit | 2 | 2 | 14 | 16 | 28 | 43 |
| OPM % | 6% | 3% | 12% | 13% | 23% | 30% |
| 0 | 0 | 1 | 3 | 21 | 1 | |
| 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 | 7.88 | 12.24 | 112.52 | 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: | 18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 118% |
| 3 Years: | 43% |
| TTM: | 37% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 9% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 20% |
| Last Year: | 17% |
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/OP | -131% | 283% | 156% | -21% | 55% | 49% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 125 | 71 | 69 | 85 | 83 | 136 |
| Inventory Days | 16 | 1 | 27 | 1 | 77 | 134 |
| Days Payable | 73 | 74 | 120 | 63 | 72 | 87 |
| Cash Conversion Cycle | 68 | -2 | -25 | 23 | 88 | 184 |
| Working Capital Days | 66 | 1 | -22 | 34 | 77 | 119 |
| ROCE % | 13% | 64% | 36% | 28% | 23% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 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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| Foreign Exchange Earnings ₹ Lakhs |
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| Total Inventory ₹ 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
16 Jul - Regulation 74(5) compliance certificate for quarter ended 30 June 2026; no demat or rematerialisation requests.
-
Announcement under Regulation 30 (LODR)-Allotment
9 Jul - Board allotted 26,200 shares and 14,22,900 warrants at Rs1,525 each on 9 July 2026.
-
Board Meeting Outcome for Outcome Of Board Meeting
9 Jul - Board allotted 26,200 shares and 14,22,900 warrants on preferential basis; received Rs 54.24 crore upfront.
-
Submission Of Revised Consolidated Audit Report For The Financial Year Ended March 31, 2026.
3 Jul - Amic Forging submitted revised consolidated audit report FY2026 in response to BSE notice dated June 30, 2026.
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 8 Jun
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.