EL Forge
Automobiles
531144 BSE
₹21.31 −0.13 (−0.61%)
- P/E
- 13.40
Close 4 Nov 2026 ₹21.31 +6.23 +41.3% 1Y
Start ₹15.08
Key Fundamentals
MicrocapAuto ComponentsConsumer DiscretionaryPrice-based figures as of · EPS basis: Standalone · TTM
- ROCE
- 11.10%
- Debt to Equity
- 0.00
- EPS (TTM)
- ₹1.59
- Book Value
- ₹13.97
- Market Cap
- —
- P/E (TTM)
- 13.40
- P/B
- 1.53
- ROE
- 9.20%
- Dividend Yield
- 0.00%
- EBITDA
- ₹4.70 Cr
- 52W High
- ₹29.42
- 52W Low
- ₹12.10
- Day Range
- ₹20.70 – ₹21.99
- Volume
- 33,636
Peer Comparison
Consumer Discretionary › Automobiles › Auto Components › Auto Components & Equipments
| ₹159.49 | 38.43 | ₹1,68,660 Cr | 3.98 | 0.37% | 11.20% | 13.40% | ₹1,31,135 Cr | ₹4,556 Cr | |
| ₹50,925.00 | 63.56 | ₹1,48,351 Cr | 10.11 | 0.54% | 14.60% | 21.50% | ₹21,088 Cr | ₹2,363 Cr | |
| ₹1,812.80 | 122.74 | ₹86,739 Cr | 7.65 | 0.48% | 12.00% | 12.60% | ₹17,543 Cr | ₹715 Cr | |
| ₹1,196.90 | 57.49 | ₹67,494 Cr | 10.13 | 0.24% | 19.30% | 19.60% | ₹20,725 Cr | ₹1,291 Cr | |
| ₹893.70 | 74.48 | ₹56,293 Cr | 8.70 | 0.38% | 11.70% | 15.10% | ₹4,514 Cr | ₹746 Cr | |
| ₹3,507.20 | 42.47 | ₹55,555 Cr | 8.92 | 0.99% | 20.80% | 27.90% | ₹10,192 Cr | ₹1,292 Cr | |
| ₹2,250.50 | 71.81 | ₹42,644 Cr | 5.62 | 0.16% | 9.95% | 17.10% | ₹23,754 Cr | ₹1,109 Cr | |
| EL Forge (this company) | ₹21.31 | 13.40 | ₹43 Cr | 1.53 | 0.00% | 9.20% | 11.10% | ₹82 Cr | ₹3 Cr |
| Median 8 companies | ₹1,504.85 | 60.53 | ₹61,893 Cr | 8.18 | 0.38% | 11.85% | 16.10% | ₹19,134 Cr | ₹1,200 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
59 Good
Data confidence 98/100
Category scores
- Quality
- 54
- Average
- Returns, margins, earnings quality 22% weight
- Valuation
- 57
- Good
- Cheap vs sector & own history 24% weight
- Growth
- 46
- Average
- Sales & profit trajectory 9% weight
- Financial Health
- 70
- Strong
- Solvency, leverage, coverage 9% weight
- Momentum
- 95
- Strong
- Trend strength, vol-adjusted 12% weight
- Ownership
- 50
- Average
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
1- Company is almost debt free.
Weaknesses
2- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Bullish | 7 | 4 | 8 |
| Oscillators | Bullish | 2 | 4 | 3 |
| Moving Averages | Neutral | 5 | 0 | 5 |
Oscillators
Bullish
Bearish
2
Neutral
4
Bullish
3
Overall
Bullish
Bearish
7
Neutral
4
Bullish
8
Moving Averages
Neutral
Bearish
5
Neutral
0
Bullish
5
Key readings
- RSI (14)
- 44.29
- Neutral
- MACD (12,26,9)
- −0.12
- Bearish
- SMA (50)
- 21.01
- Bullish
- SMA (200)
- 17.72
- Bullish
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 | +7.57% |
|---|---|
| 5Y | +24.12% |
| 3Y | +11.21% |
| 1Y | +5.62% |
| TTM | +2.38% |
Net profit
| 10Y | Turned to profit |
|---|---|
| 5Y | Turned to profit |
| 3Y | Turned to profit |
| 1Y | +6.09% |
| TTM | +44.39% |
Operating cash flow
| 10Y | −6.44% |
|---|---|
| 5Y | −12.83% |
| 3Y | −2.04% |
| 1Y | +30.83% |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | +15.42 pp |
|---|---|
| 5Y | +44.45 pp |
| 3Y | −1.34 pp |
| 1Y | −0.03 pp |
| TTM | +1.33 pp |
Revenue by year
| Mar 2017 | ₹32.55 Cr |
|---|---|
| Mar 2018 | ₹42.46 Cr |
| Mar 2019 | ₹49.77 Cr |
| Mar 2020 | ₹32.80 Cr |
| Mar 2021 | ₹27.30 Cr |
| Mar 2022 | ₹40.34 Cr |
| Mar 2023 | ₹58.46 Cr |
| Mar 2024 | ₹68.32 Cr |
| Mar 2025 | ₹76.13 Cr |
| Mar 2026 | ₹80.41 Cr |
Net profit by year
| Mar 2017 | −₹15.98 Cr |
|---|---|
| Mar 2018 | −₹11.63 Cr |
| Mar 2019 | ₹23.26 Cr |
| Mar 2020 | ₹0.61 Cr |
| Mar 2021 | −₹2.28 Cr |
| Mar 2022 | −₹3.97 Cr |
| Mar 2023 | −₹2.31 Cr |
| Mar 2024 | ₹71.12 Cr |
| Mar 2025 | ₹2.30 Cr |
| Mar 2026 | ₹2.44 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 | 18.23 | 17.71 | 15.05 | 17.33 | 17.02 | 20.53 | 18.98 | 19.6 | 20.61 | 17.11 | 20.17 | 22.51 | 21.83 |
| Expenses | 16.64 | 16.52 | 14.05 | 16.13 | 16.01 | 19.51 | 17.94 | 18.64 | 19.75 | 16.36 | 19.32 | 20.74 | 20.14 |
| Operating Profit | 1.59 | 1.19 | 1 | 1.2 | 1.01 | 1.02 | 1.04 | 0.96 | 0.86 | 0.75 | 0.85 | 1.77 | 1.69 |
| OPM % | 8.72% | 6.72% | 6.64% | 6.92% | 5.93% | 4.97% | 5.48% | 4.9% | 4.17% | 4.38% | 4.21% | 7.86% | 7.74% |
| Other Income | −0.53 | −0.22 | −0.14 | 69.36 | 0.04 | 0.26 | 0.09 | 0.2 | 0.14 | 0.12 | 0.06 | 0.22 | 0.09 |
| Interest | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.14 | 0.12 | 0.12 | 0.12 | 0.12 |
| Depreciation | 0.46 | 0.46 | 0.46 | 0.47 | 0.47 | 0.43 | 0.46 | 0.48 | 0.46 | 0.45 | 0.28 | 0.63 | 0.49 |
| PBT | 0.48 | 0.39 | 0.28 | 69.97 | 0.46 | 0.73 | 0.55 | 0.56 | 0.4 | 0.3 | 0.51 | 1.24 | 1.17 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | 0.48 | 0.4 | 0.28 | 69.96 | 0.46 | 0.73 | 0.56 | 0.55 | 0.39 | 0.3 | 0.51 | 1.24 | 1.17 |
| EPS (₹) | 0.24 | 0.2 | 0.14 | 34.42 | 0.23 | 0.36 | 0.28 | 0.27 | 0.19 | 0.15 | 0.25 | 0.61 | 0.58 |
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 | 53.74 | 38.77 | 32.55 | 42.46 | 49.77 | 32.8 | 27.3 | 40.34 | 58.46 | 68.32 | 76.13 | 80.41 | 81.62 |
| Expenses | 59.52 | 42.71 | 35.37 | 45.04 | 48.99 | 34.95 | 38 | 39.31 | 54.6 | 63.32 | 72.1 | 76.18 | 76.56 |
| Operating Profit | −5.78 | −3.94 | −2.82 | −2.58 | 0.78 | −2.15 | −10.7 | 1.03 | 3.86 | 5 | 4.03 | 4.23 | 5.06 |
| OPM % | −10.76% | −10.16% | −8.66% | −6.08% | 1.57% | −6.55% | −39.19% | 2.55% | 6.6% | 7.32% | 5.29% | 5.26% | 6.2% |
| Other Income | −0.9 | −1.3 | −2.05 | 1.2 | 29.7 | 9.55 | 14.99 | 1.6 | −0.88 | 68.44 | 0.59 | 0.53 | 0.49 |
| Interest | 1.35 | 1.29 | 2.89 | 3.4 | 0.61 | 0.2 | 0.46 | 0.43 | 0.4 | 0.48 | 0.48 | 0.5 | 0.48 |
| Depreciation | 9.74 | 9.54 | 8.22 | 6.85 | 6.61 | 6.59 | 6.12 | 6.17 | 4.89 | 1.84 | 1.84 | 1.83 | 1.85 |
| PBT | −17.77 | −16.07 | −15.98 | −11.63 | 23.26 | 0.61 | −2.29 | −3.97 | −2.31 | 71.12 | 2.3 | 2.43 | 3.22 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
| Net Profit | −17.77 | −16.07 | −15.98 | −11.63 | 23.26 | 0.61 | −2.28 | −3.97 | −2.31 | 71.12 | 2.3 | 2.44 | 3.22 |
| EPS (₹) | −8.74 | −7.91 | −7.86 | −5.72 | 11.44 | 0.3 | −1.12 | −1.95 | −1.14 | 34.99 | 1.13 | 1.2 | 1.59 |
| 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 | 20.32 | 20.32 | 20.32 | 20.32 | 20.32 | 20.32 | 20.32 | 20.32 | 20.32 | 20.32 | 20.32 | 20.32 |
| Reserves | −54.99 | −71.06 | −84.81 | −96.44 | −73.18 | −72.57 | −74.85 | −78.82 | −81.13 | 2.16 | 4.45 | 6.89 |
| Borrowings | 154 | 152 | 140 | 133 | 42.45 | 21.66 | 12.11 | 12.11 | 12.11 | 0 | 0 | 0 |
| Other Liabilities | 39.47 | 41.4 | 44.42 | 36.08 | 94.06 | 92.07 | 82.89 | 83.29 | 85.82 | 15.48 | 14.45 | 13.57 |
| Total Liabilities | 158 | 143 | 120 | 93.09 | 83.65 | 61.48 | 40.47 | 36.9 | 37.12 | 37.96 | 39.22 | 40.78 |
| Fixed Assets | 89.77 | 78.21 | 55.8 | 47.09 | 41.02 | 34.57 | 31.99 | 26.56 | 23.47 | 22.01 | 21.43 | 21.26 |
| CWIP | 3.04 | 3.02 | 3.02 | 3.02 | 3.02 | 3.07 | 0 | 0 | 0 | 0 | 0 | 0.01 |
| Investments | 3.93 | 3.85 | 3.85 | 3.74 | 3.74 | 3.74 | 0 | 0 | 0 | 0 | 0 | 0.04 |
| Other Assets | 61.65 | 57.79 | 57.03 | 39.24 | 35.87 | 20.1 | 8.48 | 10.34 | 13.65 | 15.95 | 17.79 | 19.47 |
| Total Assets | 158 | 143 | 120 | 93.09 | 83.65 | 61.48 | 40.47 | 36.9 | 37.12 | 37.96 | 39.22 | 40.78 |
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 | −21.15 | 6.11 | 15.25 | −11.32 | 36.31 | 21.03 | 6.24 | 0.02 | 3.34 | 1.22 | 2.4 | 3.14 |
| Investing | 1.51 | 0.38 | 2.52 | 1.99 | −1.03 | −0.21 | −0.28 | 1.01 | −2.04 | −0.08 | −0.89 | −1.37 |
| Financing | 19.23 | −6.56 | −17.78 | 9.51 | −35.14 | −21 | −5.32 | −0.43 | −0.4 | −0.48 | −0.48 | −0.5 |
| Net Cash Flow | −0.4 | −0.07 | 0 | 0.17 | 0.14 | −0.19 | 0.64 | 0.59 | 0.9 | 0.66 | 1.04 | 1.28 |
| Free Cash Flow | −21.36 | 6.48 | 17.44 | −9.42 | 35.77 | 20.84 | 5.78 | −0.79 | 1.56 | 1 | 1.28 | 1.48 |
| CFO/OP | 366 | −155 | −541 | 439 | 4,655 | −978 | −58 | 2 | 87 | 24 | 60 | 74 |
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 | 102 | 124 | 171 | 38.51 | 34.18 | 36.5 | 18.18 | 18.01 | 23.6 | 29.06 | 29.34 | 30.14 |
| Inventory Days | 277 | 304 | 357 | 214 | 190 | 277 | 90.87 | 71.73 | 48.28 | 35.97 | 27.63 | 30.63 |
| Days Payable | 311 | 392 | 585 | 355 | 1,050 | 1,647 | 79.99 | 40.7 | 86.51 | 80.08 | 70.32 | 59.05 |
| Cash Conversion Cycle | 67.36 | 35.16 | −56.78 | −103 | −825 | −1,333 | 29.07 | 49.03 | −14.63 | −15.05 | −13.35 | 1.72 |
| Working Capital Days | −390 | −618 | −521 | −777 | −556 | −920 | −12.7 | 1.81 | −0.69 | 2.83 | 11.12 | 18.52 |
| ROCE % | −12.13% | −8.51% | −12.49% | −14.23% | −24.68% | — | — | — | — | — | 11.17% | 11.08% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view EL Forge insights
29 extracted metrics across FY15–FY27.
Documents
- 7 Feb 2024
- Intimation 30 Oct 2026
- Intimation 30 Oct 2026
- General announcements 6 Oct 2026
Frequently Asked Questions about EL Forge
What does EL Forge Ltd do?
Incorporated in 1934, EL Forge Ltd is in the business of manufacture and sale of Steel Forgings.
Where is EL Forge Ltd (ELFORGE) listed?
EL Forge Ltd trades under code 531144 on the BSE.
Which sector does EL Forge Ltd belong to?
EL Forge Ltd is classified under the Automobiles sector, in the Auto Components industry.
What is the PE ratio of EL Forge Ltd?
EL Forge Ltd trades at a PE ratio of 13.40 as of 4 Nov 2026, on earnings per share of ₹1.59, against a book value of ₹13.97 per share.
What is the 52-week high and low of EL Forge Ltd?
Over the last 52 weeks EL Forge Ltd has traded between ₹12.1 and ₹29.42 as of 4 Nov 2026.
What is the Return on Equity (ROE) of EL Forge Ltd?
EL Forge Ltd reported a return on equity of 9.20%. Its debt-to-equity ratio is 0.00.
Company Information
Incorporated in 1934, EL Forge Ltd is in the business of manufacture and sale of Steel Forgings.
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