Advance Technoforge Ltd
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About
Incorporated in 2013, Advance Technoforge Limited is engaged in the manufacturing and supplying of the forged and precision machined parts.[1]
Key Points
- Market Cap ₹ 85.8 Cr.
- Current Price ₹
- High / Low ₹ /
- Stock P/E 21.1
- Book Value ₹
- Dividend Yield %
- ROCE 26.0 %
- ROE 42.2 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 35.5%
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
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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 | 50.05 | |
| 22.22 | 29.57 | 35.44 | 44.24 | 45.58 | 42.37 | |
| Operating Profit | 2.19 | 1.87 | 2.35 | 3.68 | 5.10 | 7.68 |
| OPM % | 8.97% | 5.95% | 6.22% | 7.68% | 10.06% | 15.34% |
| 0.01 | 0.00 | 0.00 | 0.18 | 0.45 | 0.68 | |
| 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 | 11.00 | 8.00 | 15.00 | 34.00 | 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: | 49% |
| 3 Years: | 69% |
| TTM: | 50% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 30% |
| 3 Years: | 36% |
| Last Year: | 42% |
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 | |
| Reserves | 3.58 | 3.98 | 4.73 | 6.44 | 3.13 | |
| 7.84 | 7.46 | 8.51 | 11.19 | 17.51 | ||
| 7.43 | 10.06 | 8.43 | 10.52 | 12.37 | ||
| Total Liabilities | 19.35 | 22.00 | 22.17 | 28.65 | 39.51 | |
| 5.57 | 5.82 | 6.38 | 7.25 | 13.65 | ||
| CWIP | 0.00 | 0.00 | 0.00 | 0.31 | 2.10 | |
| Investments | 0.00 | 0.10 | 0.54 | 0.00 | 0.00 | |
| 13.78 | 16.08 | 15.25 | 21.09 | 23.76 | ||
| Total Assets | 19.35 | 22.00 | 22.17 | 28.65 | 39.51 |
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/OP | -16% | 99% | 68% | 20% | 91% | 70% |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 117.38 | 103.79 | 90.31 | 89.04 | 87.43 | |
| Inventory Days | 141.13 | 121.49 | 82.55 | 110.90 | 107.09 | |
| Days Payable | 177.01 | 163.83 | 105.75 | 119.53 | 147.51 | |
| Cash Conversion Cycle | 81.50 | 61.45 | 67.10 | 80.41 | 47.01 | |
| Working Capital Days | 43.66 | 21.83 | 23.66 | 20.79 | -3.24 | |
| ROCE % | 12.66% | 15.03% | 21.09% | 21.43% |
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.