SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

CARE assigns ‘CARE AA-‘ rating to the long-term bank facilities of Ahmednagar Forgings

05 Jul 2011 Evaluate

Credit rating agency, CARE has assigned ‘CARE AA-‘ rating to the long-term bank facilities of Ahmednagar Forgings for Rs 684.25 crore. The agency has also assigned ‘CARE A1+’ rating to short-term bank facilities of the company for Rs 62.00 crore.

Further, the agency has also assigned ‘CARE A1+’ rating to the Commercial Paper (carved out of working capital limits) of the company for Rs 200.00 crore.

The company’s ability to improve its capacity utilization, continue to effectively manage working capital cycle, reduce dependence on the cyclical automobile sector and maintain profitability are the key rating sensitivities.

Ahmednagar Forgings is engaged in manufacturing of high precision Closed Die Steel Forgings and Auto Components and is a leading forging company in India. The company is a widely held company with primary ownership held by Amtek Auto (AAL), a premier automotive component manufacturing company.

Metalyst Forgings Share Price

4.10 0.00 (0.00%)
17-May-2024 16:01 View Price Chart
Peers
Company Name CMP
Bharat Forge 1859.95
Ramkrishna Forgings 535.30
MM Forgings 463.25
Happy Forgings 1336.75
Balu Forge Industrie 486.20
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×