---
title: "Super Forgings & Steels Ltd (SUPERFORGE) — Share Price, Financials & Analysis"
symbol: "SUPERFORGE"
company: "Super Forgings & Steels Ltd"
canonical: "https://tapetide.com/stocks/SUPERFORGE"
nse_symbol: "SUPERFORGE"
sector: "Industrials"
industry: "Industrial Products"
generated_at: "2026-09-13T18:25:39.397Z"
---

# Super Forgings & Steels Ltd (SUPERFORGE)

Canonical page: https://tapetide.com/stocks/SUPERFORGE

## Company

- **NSE Symbol:** SUPERFORGE
- **Sector:** Industrials
- **Industry:** Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** superforings.in

## About

Super Forgings & Steels one of the fastest growing industrial hubs at Howrah in West Bengal and at Chennai in Tamilnadu, Super Forgings & Steels Limited is among the leading suppliers and manufacturers of High Strength Alloyed sophisticated Tools and Alloyed Steels.

## Latest Price

## Key Insights

### Strengths

- Company has reduced debt.
- Debtor days have improved from 83.2 to 62.3 days.

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 6.05% over past five years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 33% | -38% | — |
| revenue growth | 31% | 6% | 6% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 14.27 | 16.74 | 14.29 | 13.6 | 12.62 | 13.87 | 13.04 | 11.03 | 11.08 | 12.71 | 14.43 | 14.78 |
| Expenses | 15.36 | 18.11 | 14.83 | 15.59 | 13.01 | 16.24 | 14.06 | 11.34 | 10.09 | 16.35 | 15.82 | 15.04 |
| Operating Profit | -1.09 | -1.37 | -0.54 | -1.99 | -0.39 | -2.37 | -1.02 | -0.31 | 0.99 | -3.64 | -1.39 | -0.26 |
| OPM % | -7.64 | -8.18 | -3.78 | -14.63 | -3.09 | -17.09 | -7.82 | -2.81 | 8.94 | -28.64 | -9.63 | -1.76 |
| Other Income | 1.11 | 1.1 | 1.14 | 2.66 | 1.4 | 1.35 | 1.32 | 1.03 | 1.11 | 1.12 | 1.11 | 2.06 |
| Interest | 0.32 | 0.23 | 0.27 | 0.48 | 0.19 | 0.22 | 0.2 | 0.45 | 0.14 | 0.25 | 0.17 | 0.64 |
| Depreciation | 0.17 | 0.18 | 0.17 | 0.26 | 0.19 | 0.18 | 0.29 | 0.11 | 0.18 | 0.24 | 0.22 | -0.11 |
| Profit before tax | -0.47 | -0.68 | 0.16 | -0.07 | 0.63 | -1.42 | -0.19 | 0.16 | 1.78 | -3.01 | -0.67 | 1.27 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -0.47 | -0.68 | 0.16 | -0.07 | 0.63 | -1.42 | -0.19 | 0.16 | 1.78 | -3.01 | -0.67 | 1.27 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 55.84 | 68.75 | 58.67 | 47.07 | 52.01 | 67.37 | 58.16 | 23.51 | 53.39 | 69.76 |
| Expenses | 64.08 | 71.93 | 63.6 | 50.62 | 55.67 | 72.37 | 61.61 | 33.56 | 71.64 | 83.96 |
| Operating Profit | -8.24 | -3.18 | -4.93 | -3.55 | -3.66 | -5 | -3.45 | -10.05 | -18.25 | -14.2 |
| OPM % | -14.76 | -4.63 | -8.4 | -7.54 | -7.04 | -7.42 | -5.93 | -42.75 | -34.18 | -20.36 |
| Other Income | 6.63 | 4.48 | 6 | 4.37 | 5.4 | 4.66 | 3.41 | 6.18 | 10.45 | 18.05 |
| Interest | 0.86 | 1.36 | 1.35 | 1.09 | 1.23 | 4.37 | 2.71 | 5.25 | 3.46 | 2.96 |
| Depreciation | 1.02 | 0.7 | 0.78 | 0.77 | 0.53 | 0.31 | 0.29 | 0.27 | 0.21 | 0.17 |
| Profit before tax | -3.49 | -0.76 | -1.06 | -1.04 | -0.02 | -5.02 | -3.04 | -9.39 | -11.47 | 0.72 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -3.49 | -0.76 | -1.07 | -1.04 | -0.02 | -5.01 | -3.04 | -9.39 | -11.46 | 0.72 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 15.84 | 15.84 | 15.84 | 15.84 | 15.84 | 15.84 | 15.84 | 15.84 | 15.84 | 15.84 |
| Reserves | -57.63 | -67.9 | -68.96 | -25.48 | -25.53 | -30.56 | -33.62 | -43.03 | -54.52 | -53.8 |
| Borrowings | 55.09 | 47 | 38.95 | 39.04 | 41.36 | 40.16 | 45.41 | 40.6 | 54.08 | 43.06 |
| Other Liabilities | 67.67 | 75.63 | 75.6 | 74.8 | 68.98 | 79.26 | 75.67 | 76.02 | 43.9 | 44.62 |
| Total Liabilities | 80.97 | 70.57 | 61.43 | 104.2 | 100.65 | 104.7 | 103.3 | 89.43 | 59.3 | 49.72 |
| Fixed Assets | 19.43 | 10.05 | 10.55 | 54.72 | 50.49 | 50.33 | 50.03 | 49.31 | 10.76 | 2.93 |
| CWIP | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 61.46 | 60.44 | 50.8 | 49.4 | 50.08 | 54.29 | 53.19 | 40.12 | 48.54 | 46.79 |
| Total Assets | 80.97 | 70.57 | 61.43 | 104.2 | 100.65 | 104.7 | 103.3 | 89.43 | 59.3 | 49.72 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 12.44 | -3.39 | -0.56 | 1.52 | -1.95 | -5.28 | -3.21 | -4.26 | -30.93 | -8.6 |
| Cash from Investing Activity | -1.72 | -10.08 | -1.28 | 0.04 | 4.23 | -0.14 | -0.3 | -0.01 | 43.74 | 18.81 |
| Cash from Financing Activity | -10.54 | 12.74 | 1.77 | -1.51 | -1.75 | 5.52 | 3.68 | 4.67 | -3.52 | -14.26 |
| Net Cash Flow | 0.18 | -0.73 | -0.07 | 0.05 | 0.52 | 0.1 | 0.16 | 0.4 | 9.29 | -4.05 |
| Free Cash Flow | 10.72 | -13.47 | -1.84 | 1.56 | 2.28 | -5.42 | -3.51 | -4.26 | -31.48 | -9.76 |
| CFO/OP | -151 | 107 | 11 | -43 | 53 | 106 | 93 | 42 | 169 | 61 |

### Ratios

| Item | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 110.4 | 86.43 | 79.45 | 82.12 | 58.46 | 51.74 | 73.87 | 95.64 | 91.61 | 62.26 |
| Inventory Days | 290.53 | 240.6 | 253.33 | 407.79 | 366.51 | 273.2 | 292.53 | 448.14 | 134.96 | 113.92 |
| Days Payable | 393.03 | 412.76 | 418.07 | 527.73 | 487.37 | 344.8 | 364.38 | 653.29 | 207.04 | 216.3 |
| Cash Conversion Cycle | 7.9 | -85.72 | -85.3 | -37.82 | -62.4 | -19.87 | 2.01 | -109.51 | 19.53 | -40.11 |
| Working Capital Days | -54.45 | -78.84 | -122.5 | -222.47 | -120.64 | -149.53 | -97.9 | -581.73 | -49.15 | -33.17 |
| ROCE % | -37.32 | -93.45 | — | -56.47 | -10.64 | -17.86 | -13.83 | -20.18 | -93.37 | -81.07 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Jun 2018 |
| --- | --- | --- | --- |
| Promoters | 35.77% | 35.77% | 35.77% |
| FIIs | 0.26% | 0% | 0% |
| DIIs | 1.98% | 2.24% | 2.24% |
| Public | 61.98% | 61.98% | 61.98% |
| No. of Shareholders | 20744 | 20670 | 20666 |

### Quarterly

| Category | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 35.77% | 35.77% | 35.77% | 35.77% | 35.77% | 35.77% | 35.77% | 35.77% | 35.77% |
| FIIs | 0.26% | 0% | 0.26% | 0.26% | 0.26% | 0.26% | 0.26% | 0% | 0% |
| DIIs | 1.98% | 2.24% | 1.98% | 1.98% | 1.98% | 1.98% | 1.98% | 2.24% | 2.24% |
| Public | 61.98% | 61.99% | 61.98% | 61.98% | 61.98% | 61.98% | 61.98% | 61.98% | 61.98% |
| No. of Shareholders | 20755 | 20760 | 20751 | 20744 | 20743 | 20735 | 20662 | 20670 | 20666 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| — | [Standalone Audited Financial Results For The Quarter And Year Ended 31.03.2018 - Re Submission. 29 May 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=575993b4-5536-4a49-9d48-5ac739e3986c.pdf) |
| — | [Standalone Audited Financial Results For The Quarter And Year Ended 31.03.2018 - Re Submission. 29 May 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/5/575993b4-5536-4a49-9d48-5ac739e3986c.pdf) |
| — | [Board Meeting-Outcome of Board Meeting 28 May 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b476d281-8a07-4f44-9d15-860656d5b7ce.pdf) |
| — | [Standalone Audited Financial Results For The Quarter And Year Ended 31St March, 2018 28 May 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c6889a9a-f360-4a4c-9ac1-fd640294cd1b.pdf) |
| — | [Board Meeting-Outcome of Board Meeting 28 May 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/5/b476d281-8a07-4f44-9d15-860656d5b7ce.pdf) |
| — | [Standalone Audited Financial Results For The Quarter And Year Ended 31St March, 2018 28 May 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/5/c6889a9a-f360-4a4c-9ac1-fd640294cd1b.pdf) |
| — | [Board Meeting On 28Th May, 2018 At 2.00 P.M. 17 May 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=84c17eda-8afd-4fd1-b515-9124966121de.pdf) |
| — | [Board Meeting-Closure of Trading Window 17 May 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4d92b4c6-9203-4661-8b2f-e32c572ea618.pdf) |
| — | [Board Meeting On 28Th May, 2018 At 2.00 P.M. 17 May 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/5/84c17eda-8afd-4fd1-b515-9124966121de.pdf) |
| — | [Board Meeting-Closure of Trading Window 17 May 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/5/4d92b4c6-9203-4661-8b2f-e32c572ea618.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:25:39.397Z.