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10 Yrs X-Ray 
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Advance Technoforge Ltd (544843)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544843 NSE: Forgings | Small Cap | Advance Technoforge Share Price
₹62.39 -3.28 (-4.99%)
As on 12-Aug'26 16:59
Advance Technoforge Ltd (544843)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544843 NSE: Forgings | Small Cap | Advance Technoforge Share Price
₹62.39 -3.28 (-4.99%)
As on 12-Aug'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹59 Cr.
Current Price
₹62.4
52-Week Low / High
₹66 / 94
TTM EPS
₹4.5
TTM Sales
₹50.1 Cr.
Book Value per Share
₹41.8
P/E Ratio
14.61
Lower than its 5-year historical median
Industry PE
88.4
Price to Book (P/B)
1.57
Lower than its 5-year historical median
Price to Sales (P/S)
1.19
Lower than its 5-year historical median
EV/EBITDA
9.16
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
34.80%
Outperforms industry median
Return on Capital Employed (ROCE)
24.30%
Outperforms industry median
Return on Assets (ROA)
9.39%
Operating Profit Margin
15.5%
Net Profit Margin
8.11%
Gross Profit Margin
13.4%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-1.28%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
50.88%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
50.37%
Asset Quality
Promoter Holding
100.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹29 Cr.
Equity
₹9 Cr.
Face Value
₹10
All Time Low / High
₹69.12 / 94.00
Check Before You Invest
M-Cap below 100cr DeciZen not available
Is Advance Technoforge Ltd a good quality company?
Advance Technoforge Ltd is a quality company, based on a multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Advance Technoforge Ltd performance compare with that of its Peers?
Revenue growth of Advance Technoforge Ltd vs industry peers?
Advance Technoforge Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 9.64%, indicating slower growth and losing its market share.
Promoter shareholding and pledge status of Advance Technoforge Ltd?
Promoters hold 100.00% of the Advance Technoforge Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Advance Technoforge Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Advance Technoforge Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation ⓘ
| Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|
| ROCE % ⓘ | 11.7% | 14.1% | 20.5% | 21.4% | 24.3% | - |
| Value Creation Index ⓘ | -0.2 | 0.0 | 0.5 | 0.5 | 0.7 | - |
Growth Parameters ⓘ |
||||||
| Sales ⓘ | 31.4 | 37.8 | 48 | 50.7 | 50.1 | 50 |
| Sales YoY Gr. | - | 20.2% | 26.9% | 5.7% | -1.3% | - |
| Adj EPS ⓘ | 0.7 | 1.3 | 2.7 | 4.2 | 6.4 | 4.5 |
| YoY Gr. | - | 74.3% | 110.9% | 52.6% | 53% | - |
| BVPS (₹) ⓘ | 6.9 | 8.1 | 10.7 | 14.8 | 21.1 | 41.8 |
| Adj Net Profit ⓘ | 0.5 | 0.8 | 1.8 | 2.7 | 4.1 | 4 |
| Cash Flow from Ops. ⓘ | 1.7 | 1.4 | 0.2 | 3.8 | 4.5 | - |
| Debt/CF from Ops. ⓘ | 4.4 | 6 | 59.3 | 4.6 | 3.9 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 9.8% | -1.3% | ||||
| Adj EPS ⓘ | NA | NA | 70.1% | 53% | ||||
| BVPSⓘ | NA | NA | 37.8% | 42.1% | ||||
| Share Price | - | - | - | - | ||||
Key Financial Parameters ⓘ
| Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 10.7 | 17.3 | 29 | 32.6 | 35.4 | 14.3 |
| Op. Profit Mgn % ⓘ | 5.9 | 6.2 | 7.7 | 10 | 15.5 | NAN |
| Net Profit Mgn % ⓘ | 1.5 | 2.2 | 3.7 | 5.3 | 8.2 | 8.1 |
| Debt to Equity ⓘ | 1.7 | 1.6 | 1.6 | 1.8 | 1.3 | - |
| Working Cap Days ⓘ | 0 | 148 | 136 | 158 | 191 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 60 | 64 | 62 | 63 | 0 |
Valuation of Advance Technoforge - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|
| Sales | 31.44 | 37.79 | 47.96 | 50.70 | 50.05 |
| Operating Expenses ⓘ + | 29.70 | 35.56 | 44.38 | 45.62 | 42.37 |
| Operating Profit ⓘ | 1.75 | 2.23 | 3.59 | 5.09 | 7.68 |
| Operating Profit Margin (%) | 5.6% | 5.9% | 7.5% | 10.0% | 15.3% |
| Other Income ⓘ + | 0.12 | 0.12 | 0.27 | 0.45 | 0.68 |
| Interest ⓘ | 0.81 | 0.83 | 1 | 1.32 | 1.54 |
| Depreciation ⓘ | 0.48 | 0.54 | 0.59 | 0.70 | 1.29 |
| Profit Before Tax ⓘ | 0.59 | 0.98 | 2.27 | 3.53 | 5.53 |
| Tax ⓘ | 0.19 | 0.23 | 0.56 | 0.83 | 1.47 |
| Profit After Tax | 0.40 | 0.75 | 1.70 | 2.70 | 4.06 |
| PAT Margin (%) | 1.3% | 2.0% | 3.6% | 5.3% | 8.1% |
| Adjusted EPS (₹) | 0.6 | 1.2 | 2.6 | 4.2 | 6.2 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 4.48 | 5.23 | 6.94 | 9.63 | 13.69 | ||||||
| Debt + | 6.68 | 7.48 | 10.18 | 16.18 | 14.45 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | ||||||
| Trade Payables | 9.17 | 7.20 | 9.14 | 11.13 | 13.45 | ||||||
| Others Liabilities ⓘ | 1.66 | 2.25 | 2.40 | 2.57 | 5.32 | ||||||
| Total Liabilities ⓘ | 22 | 22.17 | 28.65 | 39.51 | 46.92 | ||||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 5.82 | 6.38 | 7.25 | 13.65 | 17.24 | ||||||
| CWIP ⓘ | 0 | 0 | 0.31 | 2.10 | 0 | ||||||
| Investments ⓘ | 0.10 | 0.54 | 0 | 0 | 0 | ||||||
| Inventories | 6.80 | 5.62 | 8.48 | 8.08 | 12.53 | ||||||
| Trade Receivables | 8.94 | 9.35 | 11.69 | 12.14 | 13.16 | ||||||
| Cash Equivalents | 0 | 0 | 0.04 | 0.05 | 0.04 | ||||||
| Others Assets ⓘ | 0.34 | 0.28 | 0.87 | 3.50 | 3.96 | ||||||
| Total Assets ⓘ | 22 | 22.17 | 28.65 | 39.51 | 46.92 | ||||||
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 1.69 | 1.41 | 0.19 | 3.79 | 4.45 |
| Cash Flow From Investing Activity ⓘ + | -0.49 | -1.64 | -1.82 | -8.80 | -2.71 |
| Cash Flow From Financing Activity ⓘ + | -1.23 | 0.23 | 1.67 | 5.03 | -1.75 |
| Net Cash Flow ⓘ | -0.03 | 0 | 0.04 | 0.01 | -0.01 |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 8.93 | 15.49 | 28.03 | 32.55 | 34.8 | |||||
| ROCE (%) | 11.65 | 14.1 | 20.54 | 21.39 | 24.3 | |||||
| Asset Turnover Ratio | 1.43 | 1.75 | 1.92 | 1.52 | 1.18 | |||||
| PAT to CFO Conversion(x) | 4.23 | 1.88 | 0.11 | 1.4 | 1.1 | |||||
| Working Capital Days | ||||||||||
| Receivable Days | 103.80 | 86.40 | 78.60 | 84 | 90.80 | |||||
| Inventory Days | 78.90 | 58.70 | 52.70 | 58.40 | 73.90 | |||||
| Payable Days | 163.90 | 120.30 | 106.90 | 134.30 | 187.30 | |||||
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Advance Technoforge Ltd FAQs
The current trading price of Advance Technoforge on 12-Aug-2026 16:59 is ₹62.39.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 11-Aug-2026 the market cap of Advance Technoforge stood at ₹59.31 Cr
The latest P/E ratio of Advance Technoforge as of 11-Aug-2026 is 14.61.
The latest P/B ratio of Advance Technoforge as of 11-Aug-2026 is 1.57.
The 52-week high of Advance Technoforge is ₹94.00 and the 52-week low is ₹65.67.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Advance Technoforge is ₹50.05 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Advance Technoforge Ltd is a average quality company.
The key valuation ratios of Advance Technoforge Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Advance Technoforge Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Advance Technoforge Ltd
Advance Technoforge was originally incorporated under the name Advance Technoforge Private Limited on August 5, 2013. Subsequently, the status of the company was changed to public limited and the name of the company was changed to ‘Advance Technoforge Limited’ vide Special Resolution passed by the shareholders at Extra Ordinary General Meeting of the company held on July 8, 2024.
The company is primarily engaged in manufacturing of forged steel machined components of Carbon Steel, Alloy Steel and Stainless Steel, specializing in Closed Die Forging, Upset Forging and Ring Rolling Forging in both rough and precision machined conditions. It supplies these products to automotive, general engineering, oil & gas, Earth Moving and heavy machinery industries. It manufactures precision machined components as per customer specifications and International Standard catering to the requirements of various industries such as Automobiles, Industrial Valves & Pumps, Earth Moving and Agriculture Equipment, Power Transmission, Construction and Batching Machinery Parts, EGR Coolers and Heat Exchangers Parts, Electric Transmission and Switch Gears and other related industries.
It is among the few companies in India with the capability to manufacture and supply high precision safety critical components to leading OEMs including manufacturers of parts for commercial vehicles, farm equipment, off highway and industrial equipment and machinery for oil and gas, power generation, railways and industries.
Business area of the company
The company mainly deals in Closed Die Steel Forging, Upset Forging, Ring Rolling Forging in Rough & Precision Machined Condition.
Awards, accreditations and recognition
- 2014: Received ISO 9001:2008 Certificate.
- 2015: PED & AD2000 W0 Certification.
- 2016: Received ISO/TS 16949:2009 Certification.
- 2017: Received IATF 16949 Certificate.
- 2023: Received IBR 1950 Certification.
- 2023: Received Best Supplier Award from ‘Randack Fasteners India’.
- 2024: Received Best Supplier Award, certificate of Appreciation and award for scale and speed from ‘TATA AutoComp Systems Limited’.
History and milestones
- 2013: Incorporation of the company as ‘Advance Technoforge Private Limited’.
- 2015: Change in Registered Office of the company.
- 2015: Became part of Dun & Bradstreet Global Database and received D-U-N-S Number.
- 2024: Conversion into a Public Limited Company.
- 2025: Set up a 1.1 MW captive solar power plant under the Green Energy initiative.
- 2026: Started setting up the Line 4 under Unit II having an additional forging capacity of 1,250 MT/year.
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