Amic Forging Ltd

Amic Forging Ltd

₹ 1,266 -1.85%
12 Jul - close price
About

Incorporated in 2007, AMIC Forging Limited manufactures forged components catering to various industries.[1]

Key Points

Product Portfolio[1] The company manufactures precision machined components such as Rounds, Shafts, Blanks, and complete finished engineering, spare parts e.g. Gear coupling, Hub, Round, Flange, and other engineering spares as per customer specifications and International Standards like AISI, BS, IS, DIN, etc,
These products are manufactured in carbon steel, alloy steel, stainless steel, Nickel, and Tools Alloys.

  • Market Cap 1,328 Cr.
  • Current Price 1,266
  • High / Low 1,510 / 239
  • Stock P/E 96.0
  • Book Value 61.6
  • Dividend Yield 0.00 %
  • ROCE 80.8 %
  • ROE 69.7 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 60.0%

Cons

  • Stock is trading at 20.6 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend

* 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.

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Half Yearly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2024
75
68
Operating Profit 7
OPM % 9%
3
Interest 0
Depreciation 0
Profit before tax 9
Tax % 26%
7
EPS in Rs 6.41
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
26 71 116 126
25 69 102 110
Operating Profit 2 2 14 16
OPM % 6% 3% 12% 13%
0 0 1 3
Interest 0 1 1 1
Depreciation 0 1 1 1
Profit before tax 1 1 13 19
Tax % 27% 30% 25% 26%
1 1 10 14
EPS in Rs 7.88 12.24 114.15 13.19
Dividend Payout % 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 68%
TTM: 9%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 190%
TTM: 41%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 60%
Last Year: 70%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 1 1 1 10
Reserves 6 7 19 54
4 11 4 4
5 13 37 24
Total Liabilities 16 32 61 92
4 5 8 12
CWIP 0 0 0 0
Investments 2 2 8 19
11 24 46 62
Total Assets 16 32 61 92

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
-2 6 18 -8
-2 -12 -13 -10
4 6 -5 29
Net Cash Flow 0 0 -0 11

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 125 71 69
Inventory Days 16 1 27
Days Payable 73 74 120
Cash Conversion Cycle 68 -2 -25
Working Capital Days 72 6 -20
ROCE % 13% 66%

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024
57.74% 57.82%
6.99% 1.33%
3.11% 1.19%
32.16% 39.66%
No. of Shareholders 1,3781,026

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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