Amic Forging Ltd - Stock Valuation and Financial Performance

BSE: 544037 | NSE: | Forgings | Small Cap

Amic Forging Share Price

1,331.90 -70.10 -5.00%
as on 07-Oct'24 16:01

DeciZen - make an informed investing decision on Amic Forging

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Amic Forging stock performance -

mw4me loader
P/E Ratio (SA):
100.99
Market Cap:
1,397 Cr.
52-wk low:
239.4
52-wk high:
1,809.5

Is Amic Forging Ltd an attractive stock to invest in?

1. Is Amic Forging Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Amic Forging Ltd is a below average quality company.

2. Is Amic Forging Ltd undervalued or overvalued?

The key valuation ratios of Amic Forging Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Amic Forging Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Amic Forging Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Amic Forging:

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 end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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.
Amic Forging Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'21Mar'22Mar'23TTM
ROCE % 9.8%12.9%65.6%-
Value Creation
Index
-0.3-0.13.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 26.471.1116126
Sales YoY Gr.-169.3%62.9%-
Adj EPS 11.612.613.2
YoY Gr.-50.5%711%-
BVPS (₹) 10.812.325.758.7
Adj Net
Profit
0.719.714
Cash Flow from Ops. -2.15.917.8-
Debt/CF from Ops. -2.11.80.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANANA62.9%
Adj EPS NANANA711%
BVPSNANANA108.3%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'21Mar'22Mar'23TTM
Return on
Equity %
9.513.469.831.3
Op. Profit
Mgn %
5.83.211.7NAN
Net Profit
Mgn %
2.51.48.411
Debt to
Equity
0.61.40.2-
Working Cap
Days
0881090
Cash Conv.
Cycle
017-80

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 31.30%

Debt to equity has declined versus last 3 years average to 0.19

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Amic Forging Ltd.

Standalone Consolidated
TTM EPS (₹) 13.2 13.2
TTM Sales (₹ Cr.) 126 126
BVPS (₹.) 58.7 58.6
Reserves (₹ Cr.) 51 51
P/BV 22.71 22.73
PE 100.99 100.99
From the Market
52 Week Low / High (₹) 239.40 / 1809.45
All Time Low / High (₹) 239.40 / 1809.45
Market Cap (₹ Cr.) 1,397
Equity (₹ Cr.) 10.5
Face Value (₹) 10
Industry PE 42.8

Management X-Ray of Amic Forging:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Amic Forging

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23
Sales2671116
Operating Expenses 2569102
Manufacturing Costs1712
Material Costs236188
Employee Cost 001
Other Costs 001
Operating Profit 2214
Operating Profit Margin (%) 5.8%3.2%11.7%
Other Income 001
Interest 011
Depreciation 011
Exceptional Items 000
Profit Before Tax 1113
Tax 003
Profit After Tax 1110
PAT Margin (%) 2.5%1.4%8.3%
Adjusted EPS (₹)1.01.612.5
Dividend Payout Ratio (%)0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 7820
Share Capital 111
Reserves 6719
Minority Interest000
Debt4103
Long Term Debt4104
Short Term Debt00-1
Trade Payables51329
Others Liabilities 019
Total Liabilities 163261

Fixed Assets

Gross Block7812
Accumulated Depreciation334
Net Fixed Assets458
CWIP 000
Investments 238
Inventories106
Trade Receivables91422
Cash Equivalents 000
Others Assets01017
Total Assets 163261

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23
Cash Flow From Operating Activity -2618
PBT 1113
Adjustment 110
Changes in Working Capital -348
Tax Paid 00-3
Cash Flow From Investing Activity -2-12-13
Capex 0-2-3
Net Investments -2-1-5
Others 0-9-4
Cash Flow From Financing Activity 46-5
Net Proceeds from Shares 202
Net Proceeds from Borrowing 000
Interest Paid 0-1-1
Dividend Paid 000
Others 36-7
Net Cash Flow 000
PARTICULARSMar'21Mar'22Mar'23
Ratios
ROE (%)9.5313.3769.64
ROCE (%)9.7912.8765.58
Asset Turnover Ratio1.632.972.5
PAT to CFO Conversion(x)-261.8
Working Capital Days
Receivable Days1255956
Inventory Days14311
Payable Days735186

Amic Forging Ltd Stock News

Amic Forging Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Amic Forging on 07-Oct-2024 16:01 is ₹1,331.9.
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 07-Oct-2024 16:01 the market cap of Amic Forging stood at ₹1,397.
The latest P/E ratio of Amic Forging as of 07-Oct-2024 16:01 is 101.0.
The latest P/B ratio of Amic Forging as of 07-Oct-2024 16:01 is 22.71.
The 52-week high of Amic Forging is ₹1,809.5 and the 52-week low is ₹239.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Amic Forging is ₹126.2 ( Cr.) .

About Amic Forging Ltd

The company was originally incorporated on June 19, 2007 as a private limited company in the name of ‘Kali Mata Forging Private Limited’ under the provisions of the Companies Act, 1956 with the Registrar of Companies, West Bengal. Further, it changed its name from ‘Kali Mata Forging Private Limited’ to ‘Amic Forging Private Limited’ through a special resolution passed by its shareholders in an Extra Ordinary General Meeting held on January 02, 2017. The registrar of companies, Kolkata, issued a fresh certificate of incorporation dated January 09, 2017. Subsequently, pursuant to a special resolution of its Shareholders passed in the Extra Ordinary General Meeting held on January 04, 2023 the company was converted from a private limited company to public limited company and the name of the company was changed to ‘Amic Forging Limited’ and a fresh certificate of incorporation consequent to conversion was issued on August 09, 2023 by the Registrar of Companies, Kolkata.

The company is a manufacturer in forging industry and is engaged in manufacturing of forged Components catering to various industries. It manufacture precision machined components as per customer specifications and International Standard catering to the requirements of various industry such as Heavy Engineering, Steel Industry, Oil & Gas, Petrochemicals, Chemicals, Refineries, Thermal Power, Nuclear Power, Hydro Power, Cement Industry, Sugar and other related industries. The company has expertise in manufacturing different forging components as per international standards like AISI, BS, IS, DIN etc. Some of its common running components are Rounds, Shafts, Blanks and complete finished engineering, spare parts e.g. Gear coupling, Hub, Round, Flange, other all kinds of engineering spares as per customer specifications. These products are mainly manufactured in carbon steel, alloy steel, stainless steel, Nickel and Tools Alloys. 

The company has a state-of-the-art forging facilities and machining capabilities to cater to the requirements of its domestic & international customers. By integrating several processes under one facility, the company is in position to minimise cost and lead time. The company has its well established design center with latest 3D software and highly trained technicians. It has earned its name in a short span of time because of committed delivery and premium quality product. The company’s product diversity helps the company to maintain an edge over competition, since the company can provide customized and specialized solutions to its customers. Further, the company is planning to expand via backward integration with starting the manufacturing of Steel Melting & Ingot Casting this backward integration would increase its product base and also increase its output due to easily availability of raw material. With a large infrastructure, zero tolerance quality policies and an energetic team of experts, the company makes sure that it can fulfil any special customer requirements for various critical product applications.

Business area of the company

The company is a leading manufacturer of Open Forgings from India. It manufactures precision machined components duly heat treaded as per customer specifications and International Standard catering to the requirements of Heavy Engineering, Steel Industry, Oil & Gas, Petrochemicals, Chemicals, Refineries, Thermal Power, Nuclear Power, Hydro Power, Cement Industry, Sugar and other related industries. It expertise in manufacturing different forging components as per international standards like AISI, BS, IS, DIN etc. Some of common running components are Rounds, Shafts, Blanks and complete finished engineering, spare parts e.g. Gear coupling, Hub, Round, Flange, other all kinds of engineering spares as per customer specifications. These products are mainly manufactured in carbon steel, alloy steel, stainless steel, Nickel and Tools Alloys.

Key events

  • 2007: Incorporation of the company in the name and style of ‘Kali Mata Forging Private Limited’.
  • 2017: The company’s name was changed from ‘Kali Mata Forging Private Limited’ to ‘Amic Forging Private Limited’.
  • 2021: Awarded as Technology Friendly Firm Award by Confederation of West Bengal Trade Associations.
  • 2022: Among Top-3 Open-Die Forging Manufacturers in India in Terms of Capacity with Fully Integrated Infrastructure in Tata Growth Shop- Vendor Conclave.
  • 2023: The company converted from Private Limited to a Public Limited Company.
  • 2023: The company achieved a Turnover of Rs 100 crore for the First time since incorporation.


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