Amic Forging
AMICFORGINGLTD NSE
Amic Forging
Industrial ProductsNSE: AMICFORGINGLTD BSE: 544037 Castings & Forgings
Key Fundamentals
SMECastings & ForgingsIndustrial ProductsMarket Cap
₹2,674 Cr
Volatility
High Risk
P/E Ratio
93.4
EBITDA
₹42.75 Cr
Return on Equity
28.58%
Debt to Equity
0.03
Book Value
₹267.79
EPS
₹13.19
52W High
₹2,321.95
52W Low
₹1,065
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company is almost debt free.
- Company has delivered good profit growth of 118% CAGR over last 5 years
Weaknesses
4- Stock is trading at 11.9 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 101 to 136 days.
- Working capital days have increased from 76.6 days to 119 days
Growth Rate
Revenue Growth
-0.15% lower than
3Y
Net Income Growth
-22.81% lower than
3Y
Cash Flow Change
176% higher than
3Y
ROE
33.3% higher than
3Y
ROCE
29.75% higher than
3Y
EBITDA Margin (Avg.)
-12.72% lower than
3Y
Quarterly Results
| Particulars | 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 |
| PBT | 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 |
Profit & Loss
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Sales | 26 | 71 | 116 | 126 | 120 | 142 |
| Expenses | 25 | 69 | 102 | 109 | 92 | 99 |
| Operating Profit | 2 | 2 | 14 | 16 | 28 | 43 |
| OPM % | 6% | 3.1% | 12% | 13% | 23% | 30% |
| Other Income | 0 | 0 | 1 | 3 | 21 | 1 |
| Interest | 0 | 1 | 1 | 1 | 0 | 0 |
| Depreciation | 0 | 1 | 1 | 1 | 3 | 4 |
| PBT | 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 | 113 | 13.19 | 33.9 | 26.3 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | 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 |
Cash Flow
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Operating | -2 | 6 | 18 | -8 | 6 | 9 |
| Investing | -2 | -12 | -13 | -10 | -19 | -87 |
| Financing | 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 | 55 | 49 |
Ratios
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor Days | 125 | 71 | 69 | 85 | 83 | 136 |
| Inventory Days | 16 | 1 | 27 | 1 | 77 | 134 |
| Days Payable | 73 | 74 | 120 | 63 | 72 | 87 |
| Cash Conversion Cycle | 68 | -2 | -25 | 23 | 88 | 184 |
| Working Capital Days | 66 | 1 | -22 | 34 | 77 | 119 |
| ROCE % | — | 13% | 64% | 36% | 28% | 23% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Amic Forging insights
62 extracted metrics + investor summaries across FY14–FY26.
Documents
1
Board Meeting Outcome for OUTCOME OF BOARD MEETING
11h - Board approved authorized capital increase and preferential issue of ₹3.99 crore shares plus ₹216.99 crore warrants; EGM June 5, 2026. 11h - Board approved authorized capital increase and preferential issue of ₹3.99 crore shares plus ₹216.99 crore warrants; EGM June 5, 2026.
2
Announcement under Regulation 30 (LODR)-Issue of Securities
11h - Board approved capital hike, Rs 3.99 crore equity issue and Rs 216.99 crore warrants; EGM on June 5, 2026. 11h - Board approved capital hike, Rs 3.99 crore equity issue and Rs 216.99 crore warrants; EGM on June 5, 2026.
3
Announcement under Regulation 30 (LODR)-Meeting Updates
11h - Board approved capital increase, Rs 3.99 crore preferential shares and Rs 216.99 crore warrants; EGM on June 5, 2026. 11h - Board approved capital increase, Rs 3.99 crore preferential shares and Rs 216.99 crore warrants; EGM on June 5, 2026.
4
Announcement under Regulation 30 (LODR)-Meeting Updates
10h - Board approved authorized capital hike to Rs 15 crore, preferential issue of 26,200 shares and 14,22,900 warrants; EGM June 5. 10h - Board approved authorized capital hike to Rs 15 crore, preferential issue of 26,200 shares and 14,22,900 warrants; EGM June 5.
5
Board Meeting Intimation for Issue Of Securities
30 Apr - Board meets May 11, 2026 to consider fundraising via rights issue, preferential issue, or QIP. 30 Apr - Board meets May 11, 2026 to consider fundraising via rights issue, preferential issue, or QIP.
Frequently Asked Questions about Amic Forging
What does Amic Forging Ltd do?
Incorporated in 2007, AMIC Forging Ltd is in the business of manufacturing forged components[1]
Where is Amic Forging Ltd (544037) listed?
Amic Forging Ltd trades as AMICFORGINGLTD on the NSE and under code 544037 on the BSE.
Which sector does Amic Forging Ltd belong to?
Amic Forging Ltd is classified under the Industrial Products sector, in the Castings & Forgings industry.
What is the market capitalisation of Amic Forging Ltd?
Amic Forging Ltd has a market capitalisation of ₹2,674 Cr, which places it in the Small Cap band.
What is the PE ratio of Amic Forging Ltd?
Amic Forging Ltd trades at a PE ratio of 93.40, on earnings per share of ₹13.19, against a book value of ₹267.79 per share.
What is the 52-week high and low of Amic Forging Ltd?
Over the last 52 weeks Amic Forging Ltd has traded between ₹1,065 and ₹2,321.95.
What is the Return on Equity (ROE) of Amic Forging Ltd?
Amic Forging Ltd reported a return on equity of 28.58%. Its debt-to-equity ratio is 0.03.
Company Information
Incorporated in 2007, AMIC Forging Ltd is in the business of manufacturing forged components[1]
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