Amic Forging Ltd

Amic Forging Ltd

₹ 1,250 0.93%
22 Nov 10:45 a.m.
About

Incorporated in 2007, AMIC Forging Ltd is in the business of manufacturing forged components[1]

Key Points

Business Overview:[1][2][3]
AMICFL manufactures Steel forgings and machined heavy precision parts catering to various industries. These are made as per the international standards like AISI, BS, IS, DIN etc. Some of the common running components are Rounds, Shafts, Blanks and complete finished engg. spare parts e.g. Gear coupling, Hub, Round, Flange, other all kinds of engineering spares as per customer specifications. These products are mainly manufactured in carbon steel, alloy steel, stainless steel, Nickel and Tools Alloys.

  • Market Cap 1,411 Cr.
  • Current Price 1,250
  • High / Low 1,809 / 239
  • Stock P/E 47.8
  • Book Value 83.3
  • Dividend Yield 0.00 %
  • ROCE 36.3 %
  • ROE 28.9 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 36.1%

Cons

  • Stock is trading at 14.9 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Earnings include an other income of Rs.20.6 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.

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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2023 Mar 2024 Sep 2024
52 75 64
42 68 52
Operating Profit 10 7 12
OPM % 19% 9% 19%
0 3 18
Interest 0 0 0
Depreciation 0 0 0
Profit before tax 10 9 29
Tax % 26% 26% 21%
7 7 23
EPS in Rs 9.22 6.41 21.74
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
13 26 71 116 126 138
12 25 69 102 109 120
Operating Profit 1 2 2 14 16 19
OPM % 8% 6% 3% 12% 13% 13%
0 0 0 1 3 21
Interest 0 0 1 1 1 1
Depreciation 0 0 1 1 1 1
Profit before tax 1 1 1 13 19 38
Tax % 21% 18% 24% 26% 26%
0 1 1 10 14 30
EPS in Rs 7.24 9.29 13.93 112.52 13.19 28.15
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 68%
TTM: 9%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 165%
TTM: 26%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 36%
Last Year: 29%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.59 0.71 0.71 0.86 10 10
Reserves 4 6 7 19 54 77
2 4 11 5 4 4
2 5 13 37 24 19
Total Liabilities 9 16 32 62 92 110
4 4 5 8 12 24
CWIP 0 0 0 0 0 0
Investments 0 2 2 8 19 16
4 11 24 47 62 70
Total Assets 9 16 32 62 92 110

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0 -2 6 18 -8
-1 -2 -12 -13 -10
1 4 6 -4 29
Net Cash Flow 0 0 0 1 11

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 83 125 71 69 85
Inventory Days 30 16 1 27 1
Days Payable 69 73 74 120 63
Cash Conversion Cycle 44 68 -2 -25 23
Working Capital Days 48 73 7 -20 37
ROCE % 13% 13% 64% 36%

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Sep 2024
57.74% 57.82% 57.75%
6.99% 1.33% 0.94%
3.11% 1.19% 1.10%
32.16% 39.66% 40.21%
No. of Shareholders 1,3781,0261,811

* 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.

Click on the line-items to see the names of individual entities.

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