Advance Technoforge Ltd
Incorporated in 2013, Advance Technoforge Limited is engaged in the manufacturing and supplying of the forged and precision machined parts.[1]
- Market Cap ₹ 65.9 Cr.
- Current Price ₹ 73.0
- High / Low ₹ 94.0 / 51.0
- Stock P/E 16.0
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 24.6 %
- ROE 35.4 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 33.0%
Cons
* 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
Part of BSE SME IPO
Quarterly Results
Figures in Rs. Crores
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 24.41 | 31.44 | 37.79 | 47.92 | 50.68 | 50.01 | |
| 22.22 | 29.57 | 35.44 | 44.24 | 45.58 | 42.24 | |
| Operating Profit | 2.19 | 1.87 | 2.35 | 3.68 | 5.10 | 7.77 |
| OPM % | 8.97% | 5.95% | 6.22% | 7.68% | 10.06% | 15.54% |
| 0.01 | 0.00 | 0.00 | 0.18 | 0.45 | 0.59 | |
| Interest | 0.97 | 0.81 | 0.83 | 1.00 | 1.32 | 1.54 |
| Depreciation | 0.48 | 0.48 | 0.54 | 0.59 | 0.70 | 1.29 |
| Profit before tax | 0.75 | 0.58 | 0.98 | 2.27 | 3.53 | 5.53 |
| Tax % | 25.33% | 32.76% | 23.47% | 25.11% | 23.51% | 26.58% |
| 0.55 | 0.40 | 0.75 | 1.70 | 2.70 | 4.06 | |
| EPS in Rs | 0.85 | 0.62 | 1.15 | 2.62 | 4.15 | 6.25 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 10% |
| TTM: | -1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 50% |
| 3 Years: | 70% |
| TTM: | 53% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 28% |
| 3 Years: | 33% |
| Last Year: | 35% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.50 | 0.50 | 0.50 | 0.50 | 6.50 | 6.50 |
| Reserves | 3.58 | 3.98 | 4.73 | 6.44 | 3.13 | 7.19 |
| 7.84 | 7.46 | 8.51 | 11.19 | 17.51 | 17.30 | |
| 7.43 | 10.06 | 8.43 | 10.52 | 12.37 | 15.93 | |
| Total Liabilities | 19.35 | 22.00 | 22.17 | 28.65 | 39.51 | 46.92 |
| 5.57 | 5.82 | 6.38 | 7.25 | 13.65 | 17.24 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.31 | 2.10 | 0.00 |
| Investments | 0.00 | 0.10 | 0.54 | 0.00 | 0.00 | 0.00 |
| 13.78 | 16.08 | 15.25 | 21.09 | 23.76 | 29.68 | |
| Total Assets | 19.35 | 22.00 | 22.17 | 28.65 | 39.51 | 46.92 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| -0.52 | 1.69 | 1.41 | 0.19 | 3.79 | 4.45 | |
| 0.38 | -0.49 | -1.64 | -1.82 | -8.80 | -2.71 | |
| 0.10 | -1.23 | 0.23 | 1.67 | 5.03 | -1.75 | |
| Net Cash Flow | -0.04 | -0.03 | 0.00 | 0.04 | 0.01 | -0.01 |
| Free Cash Flow | -0.15 | 0.85 | 0.20 | -1.67 | -5.10 | 1.58 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -16% | 99% | 68% | 20% | 91% | 69% |
Ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 117.38 | 103.79 | 90.31 | 89.04 | 87.43 | 96.05 |
| Inventory Days | 141.13 | 121.49 | 82.55 | 110.90 | 107.09 | 190.96 |
| Days Payable | 177.01 | 163.83 | 105.75 | 119.53 | 147.51 | 204.98 |
| Cash Conversion Cycle | 81.50 | 61.45 | 67.10 | 80.41 | 47.01 | 82.03 |
| Working Capital Days | 43.66 | 21.83 | 23.66 | 20.79 | -3.24 | 8.25 |
| ROCE % | 12.66% | 15.03% | 21.09% | 21.43% | 24.63% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Pursuant to Regulation 74(5) of SEBI (DP) Regulations,2018, we enclose herewith confirmation certificate received from KFin Technologies Limited, RTA of the company for the quarter …
- Closure of Trading Window
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Closure of Trading Window
- Trading window closed from 1 October 2026 until 48 hours after half-year results.
-
Clarification On Price Movement
- Advance Technoforge clarifies recent price movement is market-driven; no undisclosed material event exists.
-
Clarification sought from Advance Technoforge Ltd
- Exchange has sought clarification from Advance Technoforge Ltd on August 21, 2026 with reference to significant movement in price, in order to ensure that investors …
Business Profile:[1]
Advance Technoforge Ltd. is a precision forging company engaged in manufacturing forged steel and precision machined components made from carbon steel, alloy steel and stainless steel. The company specializes in Closed Die Forging, Upset Forging and Ring Rolling Forging, supplying both rough and fully machined components to OEMs across automotive, oil & gas, railways, earthmoving, agriculture, power transmission and industrial engineering sectors.