Price
Financials
Consolidated, Rs crore| Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 52 | 75 | 64 | 58 | 67 | 75 |
| Expenses | 42 | 68 | 52 | 42 | 48 | 51 |
| Operating Profit | 10 | 7 | 12 | 16 | 18 | 25 |
| OPM % | 19% | 9% | 19% | 28% | 27% | 33% |
| Other Income | 0 | 3 | 18 | 3 | 1 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 2 | 2 | 2 |
| Profit before tax | 10 | 9 | 29 | 17 | 17 | 23 |
| Tax % | 26% | 26% | 21% | 23% | 26% | 31% |
| Net Profit | 7 | 7 | 23 | 13 | 12 | 16 |
| EPS in Rs | 9.22 | 6.41 | 21.66 | 12.23 | 11.79 | 14.76 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 26 | 71 | 116 | 126 | 120 | 141 |
| Expenses | 25 | 69 | 102 | 109 | 92 | 95 |
| Operating Profit | 2 | 2 | 14 | 16 | 28 | 46 |
| OPM % | 6% | 3.1% | 12% | 13% | 23% | 33% |
| Other Income | 0 | 0 | 1 | 3 | 21 | -2 |
| 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% |
| Net Profit | 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% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 40% | 7% | 17% | ||
| Compounded Profit Growth | % | 122% | 46% | 142% | ||
| Stock Price CAGR | % | % | % | 63% | ||
| Return on Equity | % | 20% | 18% | 18% |
| 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 |
| Borrowings | 4 | 11 | 5 | 4 | 0 | 6 |
| Other Liabilities | 5 | 13 | 37 | 24 | 28 | 38 |
| Total Liabilities | 16 | 32 | 62 | 92 | 153 | 256 |
| Fixed Assets | 4 | 5 | 8 | 12 | 35 | 38 |
| CWIP | 0 | 0 | 0 | 0 | 6 | 62 |
| Investments | 2 | 2 | 8 | 19 | 22 | 11 |
| Other Assets | 11 | 24 | 47 | 62 | 90 | 144 |
| Total Assets | 16 | 32 | 62 | 92 | 153 | 256 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | -2 | 6 | 18 | -8 | 6 | 9 |
| Cash from Investing Activity | -2 | -12 | -13 | -10 | -19 | -87 |
| Cash from Financing Activity | 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% | 56% | 46% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 125 | 71 | 69 | 85 | 83 | 137 |
| Inventory Days | 16 | 1 | 27 | 1 | 77 | 141 |
| Days Payable | 73 | 74 | 120 | 63 | 72 | 91 |
| Cash Conversion Cycle | 68 | -2 | -25 | 23 | 88 | 187 |
| Working Capital Days | 66 | 1 | -22 | 34 | 77 | 120 |
| ROCE % | 13% | 64% | 36% | 28% | 25% |
| Dec 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Promoters | 57.74% | 57.82% | 57.75% | 57.96% | 57.96% | 57.96% |
| FIIs | 6.99% | 1.33% | 0.94% | 0.15% | 0.15% | 0.15% |
| DIIs | 3.11% | 1.19% | 1.10% | 0.77% | 0.48% | 0.56% |
| Public | 32.16% | 39.66% | 40.21% | 41.12% | 41.41% | 41.32% |
| No. of Shareholders | 1,378 | 1,026 | 1,811 | 2,888 | 2,723 | 2,686 |
Fundamentals
Market Cap₹ 2,764 Cr.
Current Price₹ 2,393
Stock P/E90.7
Book Value₹ 198
ROCE25.2 %
ROE18.1 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)17%
Compounded Profit Growth (TTM)142%
Consolidated figures.
Valuation
Market capRs 2,885 Cr
Enterprise valueRs 2,896 Cr
P/E (TTM)3316.51x
Price to book376.19x
Price to sales40.58x
EV / EBITDA1177.19x
EV / EBIT1548.61x
EV / sales40.72x
Price to cash flow493.22x
Earnings yield0.03%
Profitability
Operating margin (excl. other income)3.08%
Operating margin (incl. other income)3.46%
EBITDA margin3.46%
Pre-tax margin1.74%
Net profit margin1.22%
ROE12.02%
ROCE12.65%
ROA3.64%
ROIC (approx.)7.21%
Tax rate29.84%
Other income / net worth3.52%
Growth
Sales growth (latest year)169.46%
Profit growth (latest year)55.36%
Per share
EPS (TTM)Rs 0.75
EPS (latest year)Rs 12.24
Book value per shareRs 6.64
Sales per shareRs 61.57
Cash flow per shareRs 5.07
Free cash flow per shareRs -46.76
Efficiency
Asset turnover2.25x
Fixed asset turnover13.39x
Inventory turnover324.00x
Inventory days1 days
Debtor days71 days
Debtors turnover5.13x
Creditor days91 days
Cash conversion cycle187 days
Working capital days120 days
Leverage
Total debtRs 11 Cr
Cash and bankRs 0 Cr
Net debtRs 11 Cr
Debt to equity1.40x
Net debt / EBITDA4.28x
Interest coverage2.97x
Owners' fund to total sources24.24%
Debt to assets33.85%
Cash flow
Cash from Operating Activity (latest year)Rs 6 Cr
Cash from Investing Activity (latest year)Rs -12 Cr
Cash from Financing Activity (latest year)Rs 6 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -54 Cr
FCFE (approx.: FCF + change in debt)Rs -48 Cr
Cash from ops / profit, 5 years0.35x
Sales to cash flow12.16x
Statement figures
Net sales (TTM)Rs 71 Cr
Net sales (latest year)Rs 71 Cr
Operating profit excl. other income (latest year)Rs 2 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 2 Cr
PBDT (TTM)Rs 2 Cr
Profit before tax (TTM)Rs 1 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 1 Cr
Depreciation (TTM)Rs 1 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 68 Cr
Total expenditure (latest year)Rs 69 Cr
Total income (latest year)Rs 71 Cr
Share capitalRs 1 Cr
ReservesRs 7 Cr
Shareholders' fundsRs 8 Cr
Total assetsRs 32 Cr
Net blockRs 5 Cr
InvestmentsRs 2 Cr
ReceivablesRs 14 Cr
InventoryRs 0 Cr
Other liabilitiesRs 13 Cr
Shares outstanding (crore)1.15
Ownership
Promoter holding57.96% (+0.14 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | 544037 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +2.4% | -2.8% | +5.2 pts |
| 1 month | +33.9% | -6.8% | +40.7 pts |
| 3 months | +40.1% | -7.6% | +47.7 pts |
Red flags
F-score 5 of 8No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Mar 2026Sales ₹75 Cr +0.0% vs Mar 2024.
Net profit ₹16 Cr +128.6%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| AIA Engineering Ltd | 35,795 | 28.2 | 21.1 % |
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| Investment & Precision Castings Ltd | 1,516 | 102 | 14.4 % |
| Nelcast Ltd | 1,033 | 25.2 | 11.4 % |
| Synergy Green Industries Ltd | 1,012 | 9.24 % | |
| Tirupati Forge Ltd | 978 | 160 | 7.53 % |
| Neetu Yoshi Ltd | 963 | 38.5 | 31.8 % |
| Magna Electro Castings Ltd | 587 | 37.8 | 17.4 % |
| Kalyani Forge Ltd | 364 | 29.4 | 12.2 % |
| Nitin Castings Ltd | 235 | 28.9 | 15.5 % |
| Munish Forge Ltd | 217 | 20.6 | 12.0 % |
| KVS Castings Ltd | 156 | 22.1 | 15.8 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Amic Forging Ltd?
Amic Forging Ltd (544037) has a market capitalisation of Rs 2,764 Cr. at the 2026-10-01 close.
What is the P/E ratio of Amic Forging Ltd?
Amic Forging Ltd trades at a P/E of 90.7 on trailing twelve-month profit, at the 2026-10-01 close.
What were Amic Forging Ltd's latest quarterly results?
In the Mar 2026 quarter, Amic Forging Ltd sales was Rs 75 Cr (+0.0% vs Mar 2024) and net profit was Rs 16 Cr.