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Micro Forge (India) Ltd Stock Analysis

Small Cap
Evaluated by 29 users | BSE: 522298 | NSE: |
Forgings

Analysis of Financial Track Record

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.
Value Creation
 Mar'00Mar'01Mar'02Mar'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09TTM
Return on Capital Employed 07.98%8.76%3.9%7.58%6.51%5.97%16.44%-53.02%-22.1%-
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 022.730.626.927.144.453.270.376.619.60
Y-o-Y Gr. Rt.-NA35%-12%0.6%64%19.8%32%9%-74.5%-
Adjusted EPS (Rs.) 00.511.15-0.011.460.430.985.53-30.68-16.83-0.20
Y-o-Y Gr. Rt.-NA125.5%-100.9%NA-70.6%127.9%464.3%-654.8%NA-
Book Value per Share (Rs.) 015.3917.5819.9321.4515.115.7621.29-9.45-26.2947.60
Adjusted Net Profit 00.30.600.80.20.63.1-17.2-9.40
Net Op. Cash Flow (Rs. Cr.) 0-2.52.2-1.9-2.14.10.2-0.7-13.4-0.7-
Debt to Cash Flow from Ops 0-3.983.61-5.72-6.813.6683.26-24.09-2.67-54.6-
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Micro Forge (India) Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  10 yrs 5 yrs 3 yrs 1 yr
Net Sales NA-6.3%-28.4%-74.5%
Adjusted EPS NA-263.1%-358%NA
Book Value per Share 0-204.2-218.60
Share Price - - - -
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'00Mar'01Mar'02Mar'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09TTM
Return on Equity (%) 03.036.68-0.056.932.326.3329.84-518.2194.16-1.88
Operating Profit Margin (%) 05.040.75-5.52-1.45-1.510.03-4.06-22.1-42.350
Net Profit Margin (%) 01.272.1-0.023.020.541.034.41-22.47-48.260
Debt to Equity 01.150.810.961.171.751.681.31-6.74-2.57-
Working Capital Days 0229174207275204205163135366-
Cash Conversion Cycle 0136130175200787310080202-
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Entity Percentage Holding
Promoters 24.13%
Institutions 0.82%
Non-Institutions 75.05%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
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Data is not available for this company.

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Data is not available for this company.

Micro Forge was  incorporated  in the year 1989  as private limited company and became public limited in 1993.The company is engaged in the manufacturing of flanges, crank shafts and other automobile parts. The huge visionary attitude of its director expanded the company by three fold, in the year 2001 its utilization rose to 101%.

MICRO Forge’s manufacturing facility is spread over 6 acres of land with built-up are of 6773 sq. mtrs. Situated over Rajkot-Gondal

Micro Forge was  incorporated  in the year 1989  as private limited company and became public limited in 1993.The company is engaged in the manufacturing of flanges, crank shafts and other automobile parts. The huge visionary attitude of its director expanded the company by three fold, in the year 2001 its utilization rose to 101%.

MICRO Forge’s manufacturing facility is spread over 6 acres of land with built-up are of 6773 sq. mtrs. Situated over Rajkot-Gondal National Highway conveniently accessible by four track road from Rajkot city.

Having installed capacity of 14000 tonnes per anum, its stringent quality control measure and full proof system got accredited with ISO-9001 certification and registration of CRN of its product with 'MICRO' brand name. The company's carbon steel forged flanges and forged components largely shipped to USA and European countries. Its export house has been approved by the Government of India.

The company’s ability to develop & manufacture customized automotive spare on the basis of buyers technical drawings is its real strength. It can forge in Alloy Steel, SS, Carbon Steel etc. Partially of fully machined like Connecting Rods, Crankshafts/Camshafts, Crown Wheels, bull gears and various range of auto part. 0.5kg - 0.40kg single Piece Weight.

The company is equipped with the most modern forge shop and machining facilities available under one roof adhering to stringent quality control measure. The entire system is backed by proper documentation, traceability until the end product, with full proof checks required as per ISO regulations.

Product range of the company includes:

Flanges : It has wide range of forged & machined flanges made from carbon steel material confirming to ASTM, DIN, JIS, GOST, ETC. 

  • Carbon Steel
  • Din
  • Plate
  • Slip-On
  • Weld-Neck
  • Blind Socket
  • Threaded
  • Lap-Joint

Automobile Parts

Crank Shaft

Different divisions of the company:

  • Forgeing
  • Die Shop
  • Cutting Shop

Certifications

  • Government of India, Ministry of Commerce  has recognized the company as export house
  • The company is having the all province of Candian registratiom
  • The company also holds the TUV Certificate
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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