Amic Forging Ltd
Incorporated in 2007, AMIC Forging Ltd is in the business of manufacturing forged components[1]
- Market Cap ₹ 1,940 Cr.
- Current Price ₹ 1,680
- High / Low ₹ 1,820 / 1,065
- Stock P/E 68.6
- 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 8.56 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: | 10% |
| 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 | |
|---|---|---|---|
| Direct Forging & Annealing Charges INR Lakhs ・Standalone data |
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| Domestic Revenue Contribution Percentage ・Standalone data |
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| Export Revenue Contribution Percentage ・Standalone data |
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| Number of Permanent Employees Count ・Standalone data |
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| Single Component Forging Weight Capacity MT ・Standalone data |
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| Installed Capacity - Forging MT Per Year ・Standalone data |
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| Installed Capacity - Machining MT Per Year ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 8 Jun
- Shareholder Meeting / Postal Ballot-Outcome of EGM 5 Jun
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
30 May - AMIC Forging reported FY26 results; Phase 1 ₹150 Cr expansion commissions 15 June 2026.
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Audited Financial Result
30 May - Board approved audited standalone and consolidated FY26 results on May 30, 2026, with unmodified audit opinion.
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Board Meeting Outcome for Outcome Of Board Meeting
30 May - Board approved FY26 audited standalone and consolidated results; revenue Rs 14,178.48 lakh, profit Rs 2,827.71 lakh, unmodified opinion.
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.