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Forge Auto International Ltd (FORGEAUTO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: FORGEAUTO Forgings | Small Cap | Forge Auto Intern Share Price

BSE Share Price
Not Listed

Forge Auto International Ltd (FORGEAUTO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: FORGEAUTO Forgings | Small Cap | Forge Auto Intern Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹99 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹9.9
TTM Sales
₹226 Cr.
Book Value per Share
₹53.3
P/E Ratio
9.20
Lower than its 5-year historical median
Industry PE
81.9
Price to Book (P/B)
1.71
Lower than its 5-year historical median
Price to Sales (P/S)
0.44
Lower than its 5-year historical median
EV/EBITDA
6.03
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
24.11%
Outperforms industry median
Return on Capital Employed (ROCE)
22.41%
Outperforms industry median
Return on Assets (ROA)
8.06%
Operating Profit Margin
8.7%
Net Profit Margin
4.54%
Gross Profit Margin
7.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
16.53%
Operating Profit Growth (1 Year)
-
22.33%
Net Profit Growth (1 Year)
-
42.45%
Asset Quality
Promoter Holding
73.63%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹47 Cr.
Equity
₹10.9 Cr.
Face Value
₹10
All Time Low / High
- / -

Forge Auto International stock performance

Key Ratios
mw4me loader

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Quality

Not Good
Check detailed performance

Valuation

Undervalued

Check Valuation charts

Price Trend

Strong
Check Price chart
Q.1 Is Forge Auto International Ltd a good quality company?
Forge Auto International Ltd is a weak quality company, based on a inconsistent 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.

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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.

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How does Forge Auto International Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Forge Auto International Ltd vs industry peers?
Forge Auto International Ltd revenue CAGR is %, compared to the industry median CAGR of 0%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of Forge Auto International Ltd?
Promoters hold 73.63% of the Forge Auto International Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Forge Auto International Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of 40.83% based on the current price.
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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 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.
Forge Auto International Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'24Mar'25TTM
ROCE % ⓘ21.9%22.4%-
Value Creation
Index ⓘ		0.60.6-

Growth Parameters ⓘ
Sales ⓘ180210226
Sales YoY Gr.-16.5%-
Adj EPS ⓘ7.799.9
YoY Gr.-16.3%-
BVPS (₹) ⓘ25.953.353.3
Adj Net
Profit ⓘ		6.29.811
Cash Flow from Ops. ⓘ8.5-7.2-
Debt/CF from Ops. ⓘ4.8-5-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNANANA16.5%
Adj EPS ⓘNANANA16.3%
BVPSⓘNANANA106%
Share Price - - - -1.5%

Key Financial Parameters ⓘ

Mar'24Mar'25TTM
Return on
Equity % ⓘ		29.824.818.6
Op. Profit
Mgn % ⓘ		8.18.7NAN
Net Profit
Mgn % ⓘ		3.44.74.8
Debt to
Equity ⓘ		1.90.6-
Working Cap
Days ⓘ		01450
Cash Conv.
Cycle ⓘ		0680

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'24Mar'25
Sales180210
Operating Expenses ⓘ + 166192
Manufacturing Costs4954
Material Costs99117
Employee Cost 1011
Other Costs ⓘ 710
Operating Profit ⓘ 1518
Operating Profit Margin (%) 8.1%8.5%
Other Income ⓘ + 13
Exceptional Items ⓘ 00
Interest ⓘ 44
Depreciation ⓘ 33
Profit Before Tax ⓘ 913
Tax ⓘ 34
Profit After Tax 710
PAT Margin (%) 3.7%4.5%
Adjusted EPS (₹)8.38.7
Dividend Payout Ratio (%)0%0%

Valuation of Forge Auto Intern - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'24Mar'25

Equity and Liabilities

Shareholders Fund + 2158
Share Capital ⓘ 811
Reserves ⓘ 1347
Debt +3932
Long Term Debt1411
Short Term Debt2421
Minority Interest00
Trade Payables2929
Others Liabilities ⓘ 1316
Total Liabilities ⓘ 101135

Fixed Assets

Net Fixed Assets ⓘ +3131
Gross Block4136
Accumulated Depreciation105
CWIP ⓘ 00
Investments ⓘ 23
Inventories3655
Trade Receivables2421
Cash Equivalents 12
Others Assets ⓘ 823
Total Assets ⓘ 101135

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'24Mar'25
Cash Flow From Operating Activity ⓘ + 8-7
PBT ⓘ 913
Adjustment ⓘ 67
Changes in Working Capital ⓘ -5-24
Tax Paid ⓘ -2-3
Cash Flow From Investing Activity ⓘ + -11-14
Capex -4-11
Net Investments -2-4
Others ⓘ -51
Cash Flow From Financing Activity ⓘ + 323
Net Proceeds from Shares ⓘ 028
Net Proceeds from Borrowing ⓘ 9-1
Interest Paid ⓘ -4-4
Dividend Paid ⓘ 00
Others ⓘ -30
Net Cash Flow ⓘ 01

Financial Ratio

PARTICULARSMar'24Mar'25
Ratios
ROE (%)32.1424.11
ROCE (%)21.8622.41
Asset Turnover Ratio1.771.78
PAT to CFO Conversion(x)1.14-0.7
Working Capital Days
Receivable Days48.2039.20
Inventory Days7278.80
Payable Days105.9090.20

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Forge Auto International Ltd FAQs

The current trading price of Forge Auto Intern on 01-Jan-1970 05:30 is ₹0.00.

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 31-Dec-1969 the market cap of Forge Auto Intern stood at ₹99.48 Cr

The latest P/E ratio of Forge Auto Intern as of 31-Dec-1969 is 9.20.

The latest P/B ratio of Forge Auto Intern as of 31-Dec-1969 is 1.71.

The 52-week high of Forge Auto Intern is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Forge Auto Intern is ₹226 ( Cr.) .

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

The key valuation ratios of Forge Auto International Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Forge Auto International Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Forge Auto International Ltd

Forge Auto International Limited was originally formed as a Partnership Firm in the name and style of ‘M/s Auto International’ under the provisions of the Indian Partnership Act, 1932 pursuant to partnership deed dated April 19, 2001. Later, pursuant to various amendments in the said partnership deed, as on April 01 2008, Rajan Mittal and Parmod Gupta were the partners of the firm. Consequently, its Firm was converted into a private limited company under the Companies Act 2013 with the name ‘Forge Auto International Private Limited’ pursuant to a fresh certificate of incorporation dated April 25, 2023 was issued by the Registrar of Companies, Chandigarh, Punjab. Subsequently, the company was converted into a public limited company under Companies Act with the name ‘Forge Auto International Limited’ pursuant to a fresh certificate of incorporation dated June 1, 2024 was issued by the Registrar of Companies, Central Processing Centre, Manesar, Gurgaon, Haryana.

Forge Auto International is an engineering company engaged into forging and manufacturing of complex and safety critical, forged and precision machined components such as big ring, small ring, big ball stud, gear blank with broach, stub axle assembly, flange yoke 325 HS, catering to different industry sectors like auto industry including automobiles, tractors, railways etc. and non-auto sectors like agriculture parts, hydraulic parts, striking tools etc. It primarily serves its customers comprising of domestic and global original equipment manufacturers (OEMs) engaged into manufacturing for both automotive sector and other non-automotive sector, used across industries by a diversified base of customers. 

It manufactures precision machined components as per customer specifications and International Standard catering to the requirements of various industries such as tractor, agriculture parts, railways, automobiles, commercial vehicle industry, 5th wheel industry, striking tools, hydraulic parts and castor wheel parts and other related industries. The company manufactures products such as short fork 325HS, long fork, flange yoke 325 HS used in commercial vehicles, ball stud, small ball stud used in railway bogies, gear blank with broach, gear blank without broach, stub axle assembly used in tractors, agricultural equipment, sledge hammers etc. Its product range can be broadly classified into different categories i.e. Automotive sector (i.e. used in the manufacturing of auto components such as tractors, light vehicles, heavy commercial vehicles etc.) and non- automotive sector (i.e. which are used in manufacturing of agricultural, industrial and striking tools etc.).

Business area of the company

The company is an engineering company engaged into forging and manufacturing of complex and safety critical, forged and precision machined components such as big ring, small ring, big ball stud, gear blank with broach, stub axle assembly, flange yoke 325 HS, catering to different industry sectors like auto industry including automobiles, tractors, railways etc. and non-auto sectors like agriculture parts, hydraulic parts, striking tools etc.

Products of the company

  • Railway parts
  • Tractor part
  • Automotive part
  • Automobile parts
  • Striking tools
  • Agricultural tools
  • 5th wheel couple assembly

History and milestones

  • 2001: Started business in the form of a Partnership firm in the name and style of ‘M/s Auto International’.
  • 2014: Line of hammers expanded to 6 drop forged hammers.
  • 2018: Installation of first Electric Screw Press of 1600MT.
  • 2021: Installation of second Electric Screw Press of 1000MT
  • 2022: Awarded appreciation for timely filing of GST returns and GST payment by Central Board of Indirect taxes and Customs.
  • 2023: Conversion of the Partnership Firm into Private Limited Company as per the provisions of the Companies Act, 2013.
  • 2024: Conversion of Private Limited Company into Public Limited Company as per the provisions of the Companies Act, 2013.
  • 2024: Awarded with Emerging MSME award by Zee PHH channels.
  • 2024: Received Zed Gold award under MSME sustainable (Zed) Certification Scheme.
  • 2024: Received State Level Energy Conservation Award by Punjab Energy Development Agency.

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