EL Forge Ltd

EL Forge Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

EL Forge Ltd

₹ 32.1 4.38%
07 Jan - close price
elforge.com BSE: 531144
About

Incorporated in 1964, EL Forge Ltd manufactures Auto Ancillary parts viz. rough steel forgings for the automobile industry[1]

Key Points

Business Overview:[1]
Company serves major vehicle and automotive component manufacturers and process industries, both domestic and overseas. The range of materials handled includes Micro alloy steels, Carbon, Alloy, and Stainless Steel, and supplies are made both in as forged and machined.

Website BSE
  • Market Cap ₹ 65.3 Cr.
  • Current Price ₹ 32.1
  • High / Low ₹ 44.4 / 9.24
  • Stock P/E 26.4
  • Book Value ₹ 11.6
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 19.8% CAGR over last 5 years

Cons

  • Stock is trading at 2.76 times its book value
  • Earnings include an other income of Rs.69.5 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Castings, Forgings & Fastners Industry: Castings & Forgings

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
10.42 9.25 11.26 12.48 12.82 14.92 18.24 18.23 17.71 15.05 17.33 17.02 20.53
10.45 9.06 10.51 11.97 12.40 14.10 16.13 16.64 16.52 14.05 16.13 16.01 19.51
Operating Profit -0.03 0.19 0.75 0.51 0.42 0.82 2.11 1.59 1.19 1.00 1.20 1.01 1.02
OPM % -0.29% 2.05% 6.66% 4.09% 3.28% 5.50% 11.57% 8.72% 6.72% 6.64% 6.92% 5.93% 4.97%
1.70 0.08 -0.21 0.01 0.02 -0.19 -0.72 -0.53 -0.22 -0.14 69.36 0.04 0.26
Interest 0.12 0.11 0.09 0.10 0.10 0.10 0.09 0.12 0.12 0.12 0.12 0.12 0.12
Depreciation 1.53 1.53 1.58 1.21 1.21 1.21 1.27 0.46 0.46 0.46 0.47 0.47 0.43
Profit before tax 0.02 -1.37 -1.13 -0.79 -0.87 -0.68 0.03 0.48 0.39 0.28 69.97 0.46 0.73
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.02 -1.37 -1.12 -0.79 -0.87 -0.67 0.03 0.48 0.40 0.28 69.96 0.46 0.73
EPS in Rs 0.01 -0.67 -0.55 -0.39 -0.43 -0.33 0.01 0.24 0.20 0.14 34.42 0.23 0.36
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Jun 2013 Mar 2014 9m Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
75 66 54 39 33 42 50 33 27 40 58 68 70
88 64 60 43 35 45 49 35 38 39 55 63 66
Operating Profit -13 3 -6 -4 -3 -3 1 -2 -11 1 4 5 4
OPM % -17% 4% -11% -10% -9% -6% 2% -7% -39% 3% 7% 7% 6%
1 -5 -1 -1 -2 1 30 10 15 2 -1 68 70
Interest 14 2 1 1 3 3 1 0 0 0 0 0 0
Depreciation 8 7 10 10 8 7 7 7 6 6 5 2 2
Profit before tax -34 -11 -18 -16 -16 -12 23 1 -2 -4 -2 71 71
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-34 -11 -18 -16 -16 -12 23 1 -2 -4 -2 71 71
EPS in Rs -16.64 -5.59 -8.74 -7.91 -7.86 -5.72 11.44 0.30 -1.12 -1.95 -1.14 34.99 35.15
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 0%
5 Years: 7%
3 Years: 36%
TTM: 1%
Compounded Profit Growth
10 Years: 10%
5 Years: 20%
3 Years: 30%
TTM: 19%
Stock Price CAGR
10 Years: 18%
5 Years: %
3 Years: %
1 Year: 186%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Jun 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 20 20 20 20 20 20 20 20 20 20 20 20 20
Reserves -25 -37 -55 -71 -85 -96 -73 -73 -75 -79 -81 2 3
146 150 154 152 140 133 42 22 12 12 12 0 0
51 47 39 41 44 36 94 92 83 83 86 15 16
Total Liabilities 192 181 158 143 120 93 84 61 40 37 37 38 39
104 100 90 78 56 47 41 35 32 27 23 22 21
CWIP 3 3 3 3 3 3 3 3 0 0 0 0 0
Investments 5 4 4 4 4 4 4 4 0 0 0 0 0
81 74 62 58 57 39 36 20 8 10 14 16 18
Total Assets 192 181 158 143 120 93 84 61 40 37 37 38 39

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Jun 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
17 -5 -21 6 15 -11 36 21 6 0 3 2
0 11 2 0 3 2 -1 -0 -0 1 -2 -0
-19 -7 19 -7 -18 10 -35 -21 -5 -0 -0 -0
Net Cash Flow -1 -0 -0 -0 0 0 0 -0 1 1 1 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Jun 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 114 131 102 124 171 39 34 36 18 18 24 29
Inventory Days 218 271 277 304 357 214 190 277 91 72 48 36
Days Payable 312 340 311 392 585 355 1,050 1,647 80 41 87 80
Cash Conversion Cycle 20 61 67 35 -57 -103 -825 -1,333 29 49 -15 -15
Working Capital Days -75 -112 -40 -147 -85 21 -437 -814 -13 2 -1 3
ROCE % -13% -2% -12% -9% -12% -14% -25%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
40.71% 40.71% 40.71% 40.71% 40.71% 40.71% 40.71% 40.71% 40.81% 40.81% 40.81% 40.81%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
59.28% 59.28% 59.28% 59.28% 59.28% 59.28% 59.28% 59.28% 59.18% 59.17% 59.16% 59.17%
No. of Shareholders 9,5339,5319,5349,5299,5299,5399,5599,4509,4619,5299,59210,174

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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