Forge Auto International Ltd
₹ 140
-4.14%
10 Oct
2:22 p.m.
About
Forge Auto International Limited, incorporated in 2001, is an engineering company specializing in the forging and manufacturing of complex, safety-critical, forged, and precision-machined components for the automotive and non-automotive sectors.[1]
Key Points
- Market Cap ₹ 153 Cr.
- Current Price ₹ 140
- High / Low ₹ 176 / 60.0
- Stock P/E 15.6
- Book Value ₹ 53.3
- Dividend Yield 0.00 %
- ROCE 23.6 %
- ROE 24.9 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.6%
- Debtor days have improved from 51.9 to 37.4 days.
Cons
- 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
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 109 | 133 | 174 | 169 | 208 | |
| 103 | 125 | 163 | 155 | 190 | |
| Operating Profit | 6 | 7 | 11 | 13 | 18 |
| OPM % | 5% | 5% | 7% | 8% | 9% |
| 0 | 1 | 1 | 1 | 2 | |
| Interest | 2 | 3 | 3 | 4 | 4 |
| Depreciation | 1 | 2 | 2 | 2 | 3 |
| Profit before tax | 2 | 4 | 7 | 9 | 13 |
| Tax % | 28% | 29% | 28% | 28% | 28% |
| 2 | 3 | 5 | 6 | 10 | |
| EPS in Rs | 8.03 | 8.73 | |||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 16% |
| TTM: | 23% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 55% |
| TTM: | 61% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 38% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 29% |
| Last Year: | 25% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 11 | 14 | 17 | 8 | 11 |
| Reserves | 0 | 0 | 0 | 13 | 47 |
| 23 | 26 | 32 | 36 | 36 | |
| 19 | 17 | 34 | 38 | 41 | |
| Total Liabilities | 53 | 57 | 83 | 95 | 135 |
| 19 | 23 | 26 | 24 | 31 | |
| CWIP | 1 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 2 | 3 |
| 33 | 34 | 57 | 68 | 101 | |
| Total Assets | 53 | 57 | 83 | 95 | 135 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 5 | 5 | 4 | 7 | -7 | |
| -5 | -5 | -5 | -11 | -14 | |
| -1 | 1 | 1 | 4 | 23 | |
| Net Cash Flow | 0 | 0 | 0 | 1 | 1 |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 55 | 57 | 67 | 52 | 37 |
| Inventory Days | 76 | 50 | 73 | 135 | 171 |
| Days Payable | 74 | 58 | 96 | 110 | 91 |
| Cash Conversion Cycle | 57 | 50 | 44 | 77 | 118 |
| Working Capital Days | 5 | -0 | -6 | 10 | 50 |
| ROCE % | 18% | 23% | 24% | 24% |
Documents
Announcements
-
General Updates
9 October 2025 - Forge Auto International Limited has informed about General Updates
-
Shareholders meeting
1 October 2025 - 2nd AGM Sep 26, 2025: adopted FY2024-25 financials; Parmod Gupta appointed WTD; secretarial auditor Harsh Goyal appointed.
-
Shareholders meeting
28 September 2025 - AGM 26-09-2025 adopted FY2025 financials; appointed Parmod Gupta WTD; appointed secretarial auditor; ratified cost auditor remuneration.
-
Shareholders meeting
28 September 2025 - AGM 26-09-2025: financials approved; Parmod Gupta appointed WTD; secretarial auditor appointed; cost auditor remuneration ratified.
-
Trading Window
26 September 2025 - Trading window closed Oct 1, 2025 until 48 hours after unaudited results for half-year ended Sep 30, 2025.
Product Portfolio[1] The company manufactures short and long forks, flange yokes, ball studs, gear blanks, and stub axle assemblies for commercial vehicles, railway bogies, tractors, agricultural equipment, and sledgehammers.