Amic Forging Ltd
Incorporated in 2007, AMIC Forging Ltd is in the business of manufacturing forged components[1]
- Market Cap ₹ 1,321 Cr.
- Current Price ₹ 1,170
- High / Low ₹ 1,809 / 600
- Stock P/E 44.9
- Book Value ₹ 83.3
- Dividend Yield 0.00 %
- ROCE 36.4 %
- 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 36.0%
Cons
- Stock is trading at 14.0 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.
Peer comparison
Sector: Castings, Forgings & Fastners Industry: Castings & Forgings
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|
| 26 | 71 | 116 | 126 | 138 | |
| 25 | 69 | 102 | 109 | 120 | |
| Operating Profit | 2 | 2 | 14 | 16 | 19 |
| OPM % | 6% | 3% | 12% | 13% | 13% |
| 0 | 0 | 1 | 3 | 21 | |
| Interest | 0 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 1 | 1 | 1 | 1 |
| Profit before tax | 1 | 1 | 13 | 19 | 38 |
| Tax % | 27% | 30% | 26% | 26% | |
| 1 | 1 | 10 | 14 | 29 | |
| EPS in Rs | 7.88 | 12.24 | 112.52 | 13.19 | 28.07 |
| Dividend Payout % | 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: | 178% |
| TTM: | 26% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 35% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 36% |
| Last Year: | 29% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 0.71 | 0.71 | 0.86 | 10 | 10 |
| Reserves | 6 | 7 | 19 | 54 | 77 |
| 4 | 11 | 5 | 4 | 4 | |
| 5 | 13 | 37 | 24 | 19 | |
| Total Liabilities | 16 | 32 | 62 | 92 | 110 |
| 4 | 5 | 8 | 12 | 24 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 2 | 2 | 8 | 19 | 16 |
| 11 | 24 | 47 | 62 | 70 | |
| Total Assets | 16 | 32 | 62 | 92 | 110 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| -2 | 6 | 18 | -8 | |
| -2 | -12 | -13 | -10 | |
| 4 | 6 | -4 | 29 | |
| Net Cash Flow | 0 | 0 | 1 | 11 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Debtor Days | 125 | 71 | 69 | 85 |
| Inventory Days | 16 | 1 | 27 | 1 |
| Days Payable | 73 | 74 | 120 | 63 |
| Cash Conversion Cycle | 68 | -2 | -25 | 23 |
| Working Capital Days | 72 | 6 | -20 | 37 |
| ROCE % | 13% | 64% | 36% |
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 30 Jan
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
15 Jan - Compliance certificate under SEBI regulations for Q4 2024.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
29 Nov 2024 - Investor conference scheduled for December 4, 2024.
-
Statement Of Deviation Or Variation Of Fund Under Regulation 32 Of SEBI (LODR) Regulations, 2015
14 Nov 2024 - Statement of deviation in IPO fund utilization.
- Financial Result For Half Year Ended On 30Th September 2024 14 Nov 2024
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.