Amic Forging Ltd
Incorporated in 2007, AMIC Forging Ltd is in the business of manufacturing forged components[1]
- Market Cap ₹ 1,700 Cr.
- Current Price ₹ 1,581
- High / Low ₹ 1,750 / 1,065
- Stock P/E 67.4
- Book Value ₹ 139
- Dividend Yield 0.00 %
- ROCE 27.9 %
- ROE 21.8 %
- Face Value ₹ 10.0
Pros
- 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 11.4 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- 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 | TTM | |
|---|---|---|---|---|---|---|
| 26 | 71 | 116 | 126 | 120 | 124 | |
| 25 | 69 | 102 | 109 | 92 | 90 | |
| Operating Profit | 2 | 2 | 14 | 16 | 28 | 34 |
| OPM % | 6% | 3% | 12% | 13% | 23% | 28% |
| 0 | 0 | 1 | 3 | 21 | 4 | |
| Interest | 0 | 1 | 1 | 1 | 0 | 0 |
| Depreciation | 0 | 1 | 1 | 1 | 3 | 4 |
| Profit before tax | 1 | 1 | 13 | 19 | 45 | 33 |
| Tax % | 27% | 30% | 26% | 26% | 22% | |
| 1 | 1 | 10 | 14 | 36 | 25 | |
| EPS in Rs | 7.88 | 12.24 | 112.52 | 13.19 | 33.90 | 24.02 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 19% |
| TTM: | -10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 187% |
| TTM: | -14% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 12% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 27% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.71 | 0.71 | 0.86 | 10 | 10 | 10 |
| Reserves | 6 | 7 | 19 | 54 | 114 | 136 |
| 4 | 11 | 5 | 4 | 0 | 7 | |
| 5 | 13 | 37 | 24 | 28 | 46 | |
| Total Liabilities | 16 | 32 | 62 | 92 | 153 | 199 |
| 4 | 5 | 8 | 12 | 35 | 33 | |
| CWIP | 0 | 0 | 0 | 0 | 6 | 36 |
| Investments | 2 | 2 | 8 | 19 | 22 | 22 |
| 11 | 24 | 47 | 62 | 90 | 108 | |
| Total Assets | 16 | 32 | 62 | 92 | 153 | 199 |
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 |
| Free Cash Flow | -2 | 4 | 15 | -13 | -26 |
| CFO/OP | -131% | 283% | 156% | -21% | 55% |
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% |
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
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
16 Apr - Filed Regulation 74(5) compliance certificate for quarter ended March 31, 2026; shares fully held in demat form.
-
Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)
8 Apr - Priyankar Ghosh resigned as CFO effective 1 Apr 2026; company disclosed it on 7 Apr 2026.
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Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)
7 Apr - Priyankar Ghosh resigns as CFO and KMP, effective April 1, 2026.
- Closure of Trading Window 27 Mar
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
14 Jan - Compliance certificate under Reg 74(5) for quarter ended 31-Dec-2025; all shares demat, regulation not applicable.
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.