AF
Aditya Forge
Industrial Products
522150 BSE
₹57.70
Close ·
- P/E
- 155.95
Close 4 Nov 2026 ₹57.70 +23.10 +66.8% since 1 Oct 2026
Start ₹34.60
Key Fundamentals
MicrocapIndustrial ProductsCapital GoodsPrice-based figures at the close · EPS basis: Standalone · TTM
- ROCE
- −40.80%
- Debt to Equity
- Not meaningful: shareholders’ equity is negative
- EPS (TTM)
- ₹0.37
- Book Value
- −₹7.92
- Market Cap
- —
- P/E (TTM)
- 155.95
- P/B
- Not meaningful: book value is negative
- ROE
- Not meaningful: shareholders’ equity is negative
- Dividend Yield
- 0.00%
- EBITDA
- −₹10.00 L
- 52W High
- ₹74.92
- 52W Low
- ₹32.96
Key Insights
No strengths listed
Weaknesses
2- Company has low interest coverage ratio.
- Promoter holding is low: 34.0%
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Bearish | 4 | 14 | 1 |
| Oscillators | Bearish | 1 | 8 | 0 |
| Moving Averages | Bearish | 3 | 6 | 1 |
Oscillators
Bearish
Bearish
1
Neutral
8
Bullish
0
Overall
Bearish
Bearish
4
Neutral
14
Bullish
1
Moving Averages
Bearish
Bearish
3
Neutral
6
Bullish
1
Key readings
- RSI (14)
- 62.42
- Neutral
- MACD (12,26,9)
- —
- Neutral
- SMA (50)
- —
- Neutral
- SMA (200)
- —
- Neutral
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | −100.00% |
|---|---|
| 5Y | −100.00% |
| 3Y | −100.00% |
| 1Y | −100.00% |
| TTM | −100.00% |
Net profit
| 10Y | Turned to profit |
|---|---|
| 5Y | Turned to profit |
| 3Y | −44.24% |
| 1Y | −98.14% |
| TTM | −98.13% |
Operating cash flow
| 10Y | Turned negative |
|---|---|
| 5Y | Outflow widened by ₹0.17 Cr |
| 3Y | Turned negative |
| 1Y | Outflow narrowed by ₹9.54 Cr |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | No sales |
|---|---|
| 5Y | No sales |
| 3Y | No sales |
| 1Y | No sales |
| TTM | No sales |
Revenue by year
| Mar 2017 | ₹13.69 Cr |
|---|---|
| Mar 2018 | ₹13.75 Cr |
| Mar 2019 | ₹20.62 Cr |
| Mar 2020 | ₹18.05 Cr |
| Mar 2021 | ₹9.42 Cr |
| Mar 2022 | ₹21.58 Cr |
| Mar 2023 | ₹33.23 Cr |
| Mar 2024 | ₹25.07 Cr |
| Mar 2025 | ₹3.26 Cr |
| Mar 2026 | ₹0.00 Cr |
Net profit by year
| Mar 2017 | −₹1.37 Cr |
|---|---|
| Mar 2018 | −₹0.95 Cr |
| Mar 2019 | −₹0.30 Cr |
| Mar 2020 | −₹1.44 Cr |
| Mar 2021 | −₹1.66 Cr |
| Mar 2022 | −₹0.64 Cr |
| Mar 2023 | ₹0.75 Cr |
| Mar 2024 | ₹2.12 Cr |
| Mar 2025 | ₹6.99 Cr |
| Mar 2026 | ₹0.13 Cr |
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 7.58 | 7.12 | 5.86 | 4.51 | 3.15 | 0.11 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 7.71 | 6.49 | 5.88 | 6.11 | 4.92 | 0.48 | 0.02 | 0.33 | 0.05 | 0.02 | 0.02 | 0.02 | 0.01 |
| Operating Profit | −0.13 | 0.63 | −0.02 | −1.6 | −1.77 | −0.37 | −0.02 | −0.33 | −0.05 | −0.02 | −0.02 | −0.02 | −0.01 |
| OPM % | −1.72% | 8.85% | −0.34% | −35.48% | −56.19% | −336.36% | — | — | — | — | — | — | — |
| Other Income | 0 | 0.01 | 0.01 | 6.32 | 0.17 | 9.99 | 0.07 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0.01 | 0.17 | 0.1 | 2.25 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.1 | 0.1 | 0.03 | 0.03 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | −0.24 | 0.37 | −0.14 | 2.44 | −1.61 | 9.62 | 0.05 | −0.33 | −0.05 | −0.02 | −0.02 | −0.02 | −0.01 |
| Tax % | 0% | 0% | 0% | 2.46% | 0% | 0% | 0% | 221.21% | 0% | 0% | 0% | −1150% | 0% |
| Net Profit | −0.23 | 0.37 | −0.15 | 2.38 | −1.61 | 9.62 | 0.05 | −1.07 | −0.05 | −0.02 | −0.02 | 0.21 | −0.01 |
| EPS (₹) | −0.53 | 0.86 | −0.35 | 5.52 | −3.74 | 22.33 | 0.12 | −2.48 | −0.12 | −0.05 | −0.05 | 0.49 | −0.02 |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1.9 | 7.87 | 13.69 | 13.75 | 20.62 | 18.05 | 9.42 | 21.58 | 33.23 | 25.07 | 3.26 | 0 | 0 |
| Expenses | 4.05 | 8.39 | 14.05 | 14.73 | 21.66 | 19.33 | 10.63 | 21.76 | 31.49 | 26.29 | 5.85 | 0.1 | 0.07 |
| Operating Profit | −2.15 | −0.52 | −0.36 | −0.98 | −1.04 | −1.28 | −1.21 | −0.18 | 1.74 | −1.22 | −2.59 | −0.1 | −0.07 |
| OPM % | −113.16% | −6.61% | −2.63% | −7.13% | −5.04% | −7.09% | −12.85% | −0.83% | 5.24% | −4.87% | −79.45% | — | — |
| Other Income | 0.04 | 0.04 | 0.34 | 0.65 | 1.56 | 0.75 | 0.25 | 0.11 | 0.02 | 6.35 | 10.33 | 0 | 0 |
| Interest | 0.08 | 0.01 | 0.02 | 0.14 | 0.47 | 0.53 | 0.45 | 0.37 | 0.8 | 2.49 | 0.01 | 0 | 0 |
| Depreciation | 2.45 | 1.09 | 1.03 | 0.66 | 0.48 | 0.49 | 0.32 | 0.25 | 0.25 | 0.14 | 0 | 0 | 0 |
| PBT | −4.64 | −1.58 | −1.07 | −1.13 | −0.43 | −1.55 | −1.73 | −0.69 | 0.71 | 2.5 | 7.73 | −0.1 | −0.07 |
| Tax % | −0.22% | 19.62% | 28.04% | −15.04% | −27.91% | −7.1% | −3.47% | −5.8% | −5.63% | 15.2% | 9.44% | −230% | — |
| Net Profit | −4.63 | −1.89 | −1.37 | −0.95 | −0.3 | −1.44 | −1.66 | −0.64 | 0.75 | 2.12 | 6.99 | 0.13 | 0.16 |
| EPS (₹) | −10.75 | −4.39 | −3.18 | −2.2 | −0.7 | −3.34 | −3.85 | −1.49 | 1.74 | 4.92 | 16.22 | 0.3 | 0.37 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4.31 | 4.31 | 4.31 | 4.31 | 4.31 | 4.31 | 4.31 | 4.31 | 4.31 | 4.31 | 4.31 | 4.31 |
| Reserves | −9.46 | −11.35 | −12.72 | −13.67 | −13.97 | −15.41 | −17.07 | −17.72 | −16.96 | −14.85 | −7.85 | −7.72 |
| Borrowings | 8.65 | 8.37 | 8.76 | 10.26 | 11.34 | 11.29 | 11.3 | 11.12 | 10.94 | 6.63 | 3.72 | 3.72 |
| Other Liabilities | 4.72 | 6.5 | 6.68 | 7.76 | 8.54 | 6.73 | 7.44 | 8.95 | 12.43 | 12.63 | 2.09 | 1.08 |
| Total Liabilities | 8.22 | 7.83 | 7.03 | 8.66 | 10.22 | 6.92 | 5.98 | 6.66 | 10.72 | 8.72 | 2.27 | 1.39 |
| Fixed Assets | 5.65 | 4.6 | 3.25 | 2.78 | 2.59 | 2.09 | 1.73 | 1.65 | 1.57 | 1.48 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0 | 0 | 0 |
| Other Assets | 2.41 | 3.07 | 3.62 | 5.72 | 7.47 | 4.67 | 4.09 | 4.85 | 8.99 | 7.24 | 2.27 | 1.39 |
| Total Assets | 8.22 | 7.83 | 7.03 | 8.66 | 10.22 | 6.92 | 5.98 | 6.66 | 10.72 | 8.72 | 2.27 | 1.39 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | −2.09 | 0.21 | −2.03 | −1.12 | −1.06 | 0.18 | −0.19 | 0.27 | 0.18 | 5.75 | −9.9 | −0.36 |
| Investing | 2.18 | −0.03 | 1.7 | −0.19 | −0.29 | 0.01 | 0.04 | −0.17 | −0.16 | 0.35 | 11.33 | 0 |
| Financing | 0.05 | −0.28 | 0.38 | 1.5 | 1.08 | −0.05 | 0.01 | −0.05 | −0.02 | −4.32 | −2.92 | 0 |
| Net Cash Flow | 0.14 | −0.1 | 0.06 | 0.19 | −0.26 | 0.14 | −0.15 | 0.05 | −0.01 | 1.78 | −1.48 | −0.36 |
| Free Cash Flow | 0.09 | 0.18 | −0.33 | −1.31 | −1.35 | 0.2 | −0.16 | 0.27 | 0.01 | 5.92 | 1.76 | −0.36 |
| CFO/OP | 97 | −40 | 564 | 113 | 102 | −55 | −21 | −150 | 10 | −471 | 382 | 360 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 106 | 14.84 | 35.46 | 36.9 | 24.78 | 10.31 | 15.5 | 8.12 | 10.43 | 3.35 | 0 | — |
| Inventory Days | 43.2 | 60.45 | 7.62 | 57.33 | 78.18 | 52.91 | 80.08 | 45.16 | 72.48 | 61 | 0 | — |
| Days Payable | 314 | 108 | 113 | 195 | 135 | 121 | 147 | 98.65 | 93.44 | 92.11 | — | — |
| Cash Conversion Cycle | −165 | −32.94 | −69.87 | −101 | −32.14 | −57.29 | −51.51 | −45.37 | −10.52 | −27.76 | 0 | — |
| Working Capital Days | −569 | −158 | −92.52 | −113 | −75.23 | −108 | −257 | −124 | −72.17 | −102 | −57.1 | — |
| ROCE % | −78.69% | −65.84% | −146.43% | −169.6% | −8.53% | −106.95% | — | — | — | — | — | −40.82% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Aditya Forge insights
59 extracted metrics across FY10–FY27.
Documents
- 25 May 2026
- Intimation 24 Oct 2026
- General announcements 10 Oct 2026
Frequently Asked Questions about Aditya Forge
What does Aditya Forge Ltd do?
Aditya Forge is engaged In the business of Manufacturing and Trading of Forged Flanges, fittings and ancillary items.
Where is Aditya Forge Ltd (ADTYFRG) listed?
Aditya Forge Ltd trades under code 522150 on the BSE.
Which sector does Aditya Forge Ltd belong to?
Aditya Forge Ltd is classified under the Industrial Products sector, in the Other Industrial Products industry.
What is the PE ratio of Aditya Forge Ltd?
Aditya Forge Ltd trades at a PE ratio of 155.95 as of 4 Nov 2026, on earnings per share of ₹0.37, against a book value of ₹-7.92 per share.
What is the 52-week high and low of Aditya Forge Ltd?
Over the last 52 weeks Aditya Forge Ltd has traded between ₹32.96 and ₹74.92 as of 4 Nov 2026.
Company Information
Aditya Forge is engaged In the business of Manufacturing and Trading of Forged Flanges, fittings and ancillary items.
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