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Amforge Industries Ltd (AMFORGEIND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513117 NSE: AMFORGEIND Trading | Small Cap | Amforge Industries Share Price

₹7.43 0.34 (4.80%)

As on 19-Jun'26 16:59

Amforge Industries Ltd (AMFORGEIND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513117 NSE: AMFORGEIND Trading | Small Cap | Amforge Industries Share Price

₹7.43 0.34 (4.80%)

As on 19-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹11 Cr.
Current Price
₹7.4
52-Week Low / High
₹6 / 11
TTM EPS
₹-0.3
TTM Sales
₹0 Cr.
Book Value per Share
₹9.1
P/E Ratio
0.00
Lower than its 5-year historical median
Industry PE
37.3
Price to Book (P/B)
0.82
Lower than its 5-year historical median
Price to Sales (P/S)
0.00
EV/EBITDA
101.27
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
3.66%
Underperforms industry median
Return on Capital Employed (ROCE)
6.41%
Underperforms industry median
Return on Assets (ROA)
2.81%
Operating Profit Margin
0%
Net Profit Margin
-%
Gross Profit Margin
0%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
-
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
56.96%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹10 Cr.
Equity
₹2.9 Cr.
Face Value
₹2
All Time Low / High
₹0.50 / 298.00

Amforge Industries stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Amforge Industries Ltd a good quality company?
Amforge Industries 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 Amforge Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Amforge Industries Ltd vs industry peers?
Amforge Industries Ltd revenue CAGR is %, compared to the industry median CAGR of 7.56%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Amforge Industries Ltd?
Promoters hold 56.96% of the Amforge Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Amforge Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 12.5% 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 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.
Amforge Industries 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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 2.9%-21.7%26.2%-0.2%2.9%5.9%6.3%3.1%2.3%6.4%-
Value Creation
Index
-0.8-2.60.9-1.0-0.8-0.6-0.6-0.8-0.8-0.5-

Growth Parameters

Sales 00000000000
Sales YoY Gr.-NANANANANANANANANA-
Adj EPS 0.4-11.60.7-0.10.20.31.10.1-0.10.3-0.3
YoY Gr.--3152.6%NA-108.2%NA66.7%352%-88.5%-207.7%NA-
BVPS (₹) 16.95.87.47.27.27.48.68.78.89.19.1
Adj Net
Profit
0.6-17.21.1-0.10.20.41.60.2-0.20.5-0
Cash Flow from Ops. 0.8-5.33.2-2.3-2.6-1.1-1.3-3-1.4-1.1-
Debt/CF from Ops. 3.5-0.90.8-1.7-1.9-2.5-1.7-0.6-0.5-0.6-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANANANA
Adj EPS -1.6%17.1%-33.7%NA
BVPS-6.6%4.8%2.2%3.3%
Share Price 9.7% 15.7% 11.4% -19.9%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
2.3-102.511-0.92.13.514.11.5-1.63.7-3.1
Op. Profit
Mgn %
0000000000NAN
Net Profit
Mgn %
0000000000-INF
Debt to
Equity
0.10.60.20.40.50.30.20.20.10.10.1
Working Cap
Days
00000000000
Cash Conv.
Cycle
00000000000

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales0000000000
Operating Expenses + 2.936.492.522.041.511.491.401.9521.40
Manufacturing Costs0.040.040.030.130.130.130.160.220.230.28
Material Costs0000000000
Employee Cost 0.580.690.170.200.170.220.240.250.290.32
Other Costs 2.325.762.321.711.201.1411.481.470.80
Operating Profit -2.93-6.49-2.52-2.04-1.51-1.49-1.40-1.95-2-1.40
Operating Profit Margin (%) ----------
Other Income + 4.152.506.442.522.952.802.702.732.632.73
Exceptional Items 0000-0.5200000
Interest 0.340.460.540.380.430.510.280.240.220.24
Depreciation 0.420.460.470.500.490.470.440.330.320.45
Profit Before Tax 0.46-4.922.92-0.40-0.010.330.590.210.100.63
Tax -0.4211.590.56-0.11-0.030.01-1.030.020.370.16
Profit After Tax 0.88-16.512.36-0.300.030.321.620.19-0.270.47
PAT Margin (%) ----------
Adjusted EPS (₹)0.6-11.11.6-0.20.00.21.10.1-0.20.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Amforge Industries - Standalone

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

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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 25.038.5210.6210.3310.3510.6712.3012.4812.7113.12
Share Capital 2.962.962.882.882.882.882.882.882.882.88
Reserves 22.075.567.747.457.477.809.429.619.8310.24
Debt +2.524.492.283.544.512.401.821.710.710.71
Long Term Debt0.684.492.283.544.512.401.821.710.710.71
Short Term Debt1.84000000000
Minority Interest0000000000
Trade Payables0.440.410.500.150.140.150.110.120.080.11
Others Liabilities -7.572.844.404.544.434.884.133.203.153.10
Total Liabilities 20.4316.2617.8018.5519.4418.1018.3617.5116.6517.04

Fixed Assets

Net Fixed Assets +6.175.935.465.895.391.491.060.801.070.69
Gross Block9.9310.0710.0710.5810.5610.566.016.025.505.50
Accumulated Depreciation3.774.144.614.685.179.084.955.224.424.81
CWIP 0000000000
Investments 3.022.731.792.231.133.510.070.073.026.09
Inventories0000000000
Trade Receivables0000000000
Cash Equivalents 0.850.690.610.400.451.190.822.150.500.60
Others Assets 10.406.919.9410.0312.4711.9216.4114.4912.069.67
Total Assets 20.4316.2617.8018.5519.4418.1018.3617.5116.6517.04

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 0.77-5.253.18-2.31-2.55-1.08-1.26-2.98-1.37-1.14
PBT 0.46-4.922.92-0.400.510.330.590.210.100.63
Adjustment -1.26-0.94-1.88-1.20-2.54-1.62-2.08-2.19-1.68-1.96
Changes in Working Capital 0.20.662.49-0.19-0.270.40.48-0.750.01-0.08
Tax Paid 1.37-0.05-0.34-0.52-0.25-0.20-0.25-0.240.200.26
Cash Flow From Investing Activity + -0.123.582.921.212.054.451.744.661.231.36
Capex -0.260.010.01-1.220.090-0.01-0.02-0.01-0
Net Investments 0.701.033.08-0.441.26100-2.25-2.74
Others -0.552.54-0.162.880.703.451.754.673.494.10
Cash Flow From Financing Activity + -0.911.50-6.340.890.55-2.63-0.85-0.35-1.51-0.13
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00-0.251.260.98-2.12-0.58-0.11-1.510
Interest Paid -0.34-0.46-0.54-0.38-0.43-0.51-0.28-0.240-0.13
Dividend Paid 0000000000
Others -0.571.97-5.560-0-00000
Net Cash Flow -0.25-0.16-0.24-0.210.040.74-0.371.33-1.650.10

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)3.59-98.3824.61-2.820.253.0614.121.52-2.143.66
ROCE (%)2.88-21.7326.15-0.182.895.946.253.082.276.41
Asset Turnover Ratio0000000000
PAT to CFO Conversion(x)0.88N/A1.35N/A-85-3.38-0.78-15.68N/A-2.43
Working Capital Days
Receivable Days0000000000
Inventory Days0000000000
Payable Days0000000000

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Amforge Industries Ltd FAQs

The current trading price of Amforge Industries on 19-Jun-2026 16:59 is ₹7.43.

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 18-Jun-2026 the market cap of Amforge Industries stood at ₹10.69 Cr

The latest P/E ratio of Amforge Industries as of 18-Jun-2026 is 0.00.

The latest P/B ratio of Amforge Industries as of 18-Jun-2026 is 0.82.

The 52-week high of Amforge Industries is ₹10.79 and the 52-week low is ₹6.05.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Amforge Industries is ₹0.00 ( Cr.) .

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

The key valuation ratios of Amforge Industries 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 Amforge Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Amforge Industries Ltd

Amforge Industries was incorporated as a private limited company on April 21, 1971 by Yogiraj J Makar and Surindernath J. Makar. It became a public company in January 1986. The chairman emeritus of the company is Yogiraj Maker and Puneet Makar, the chairman and director. The company has its manufacturing facility situated at Chinchwad in Pune. The plant is a comprehensive forge shop with presses and hammers together with all balancing equipment. This unit serves the complete range of small segment forgings to major OEMs with preferred vendor status at all major OEMs. Quality Accreditations like ISO/TS 16949:2002 and ISO 9001:2000 are in place, and the unit has recently also received TS 14001. The company Chakan unit has demerged from the company and merged with Mahindra Automotive Steels. The registered office is at United Bank of India Bldg, 6th Floor, Sir PM Road, Fort in Mumbai.

Business area of the company

The company is engaged in the design, manufacture, and sale of die forging products in India. The company product range includes crankshafts, stub axles, connecting rods, steering knuckles, hinges and bridge forks. The company serves the engineering sector, automobile manufacturers, machine tool manufacturers, defense sector, earthmoving equipment manufacturers, and oil and gas installations sector. The company also offers its products in the United States, United Kingdom, Germany, Spain, and Canada.

Clientele of the company

  • Hyundai Motors India
  • Tata Motors
  • Hero Honda, Sundaram Clayton
  • Maruti Udyog
  • Honda Motors India
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