EL Forge Ltd

₹ 32.5 -0.37%

22 Nov - close price

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 ₹ 66.0 Cr.
Current Price ₹ 32.5
High / Low ₹ 35.2 / 9.15
Stock P/E
Book Value ₹ -5.86
Dividend Yield 0.00 %
ROCE -4.84 %
ROE -98.2 %
Face Value ₹ 10.0

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Pros

Cons

Company has low interest coverage ratio.
Company has a low return on equity of -64.5% over last 3 years.
Company might be capitalizing the interest cost

* 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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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone




Operating Profit
OPM %

Interest
Depreciation
Profit before tax
Tax %

EPS in Rs
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2006	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Jun 2011 15m	Jun 2012	Jun 2013	Mar 2014 9m
	132	141	125	109	88	123	107	104	91
	120	126	112	107	96	118	104	116	92
Operating Profit	12	15	13	2	-8	5	2	-12	-1
OPM %	9%	11%	10%	2%	-9%	4%	2%	-11%	-1%
	3	3	6	2	20	4	14	1	1
Interest	5	7	8	17	8	9	13	15	3
Depreciation	3	3	5	7	8	10	9	9	8
Profit before tax	7	8	6	-19	-4	-10	-5	-34	-11
Tax %	11%	19%	21%	1%	1%	0%	15%	0%	0%
	6	7	5	-19	-4	-10	-6	-34	-11
EPS in Rs		3.17	2.31	-8.82	-1.90	-4.92	-2.93	-16.77	-5.22
Dividend Payout %	17%	18%	24%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	%
5 Years:	-4%
3 Years:	%
TTM:	-15%

Compounded Profit Growth
10 Years:	%
5 Years:	8%
3 Years:	%
TTM:	48%

Stock Price CAGR
10 Years:	16%
5 Years:	%
3 Years:	%
1 Year:	185%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	-65%
Last Year:	-98%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2006	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Jun 2011	Jun 2012	Jun 2013	Mar 2014
Equity Capital	7	9	9	9	9	9	20	20	20
Reserves	15	36	41	22	18	14	13	-22	-32
	49	66	101	121	154	151	150	146	159
	39	50	55	43	26	31	39	59	46
Total Liabilities	110	160	205	195	206	205	222	203	193
	25	35	97	131	124	130	122	115	111
CWIP	14	39	3	6	6	1	4	3	3
Investments	1	1	1	1	1	1	1	1	0
	70	85	104	56	76	73	95	84	78
Total Assets	110	160	205	195	206	205	222	203	193

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Jun 2011	Jun 2012	Jun 2013	Mar 2014
	15	2	37	-34	16	2	2	-7
	-35	-28	-43	10	-8	11	11	5
	20	27	4	26	-8	-12	-12	2
Net Cash Flow	-0	1	-1	1	-0	0	0	-1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2006	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Jun 2011	Jun 2012	Jun 2013	Mar 2014
Debtor Days	57	64	76	39	111	72	108	100	97
Inventory Days	223	256	362	183	210	116	255	194	249
Days Payable	122	254	347	207	156	0	239	297	267
Cash Conversion Cycle	157	66	92	15	164	188	125	-3	79
Working Capital Days	77	80	122	21	175	66	66	-52	-63
ROCE %		15%	9%	-2%	-3%	-1%	-4%	-12%	-5%

Shareholding Pattern

Numbers in percentages

1 Recently

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 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	9,533	9,531	9,534	9,529	9,529	9,539	9,559	9,450	9,461	9,529	9,592	10,174

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	41.26%	41.26%	41.26%	40.71%	40.71%	40.71%	40.71%	40.71%	40.81%	40.81%
	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
	58.73%	58.73%	58.73%	59.28%	59.28%	59.28%	59.28%	59.28%	59.17%	59.17%
No. of Shareholders	9,877	9,893	9,554	9,552	9,552	9,545	9,531	9,539	9,529	10,174

* 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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EL Forge Ltd

EL Forge Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports