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Last Updated on: 20 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 513117 | NSE: AMFORG

Fundamental Analysis of Amforge Industries Ltd

Basic Stock Data

Last Updated: April 19, 2024, 11:19 pm

Market Cap 14.1 Cr.
Current Price 9.78
High / Low17.2/4.36
Stock P/E41.4
Book Value 8.75
Dividend Yield0.00 %
ROCE3.18 %
ROE1.53 %
Face Value 2.00

Data Source: screener.in

Competitors of Amforge Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Bharat Forge Ltd 54,970 Cr. 1,1811,330/74866.2 1510.59 %7.70 %6.88 % 2.00
Tirupati Forge Ltd 183 Cr. 18.721.8/6.7526.7 3.970.00 %31.8 %29.2 % 2.00
LGB Forge Ltd 241 Cr. 10.114.8/7.80 1.080.00 %12.0 %26.7 % 1.00
MM Forgings Ltd (MMFL) 2,206 Cr. 9141,099/81716.4 3130.66 %15.1 %19.8 % 10.0
Kalyani Forge Ltd 159 Cr. 437573/23234.6 2960.69 %6.25 %3.52 % 10.0
Industry Average11,551.80 Cr512.1628.78153.010.39%14.57%17.22%5.00

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales0.000.000.000.000.000.000.000.000.000.000.000.000.00
Expenses0.330.430.290.350.320.420.430.570.570.380.350.460.41
Operating Profit-0.33-0.43-0.29-0.35-0.32-0.42-0.43-0.57-0.57-0.38-0.35-0.46-0.41
OPM %
Other Income0.720.670.660.680.680.670.660.640.650.780.500.640.51
Interest0.140.100.080.070.060.070.090.060.060.040.050.050.03
Depreciation0.120.120.120.120.120.090.080.080.080.080.070.070.07
Profit before tax0.130.020.170.140.180.090.06-0.07-0.060.280.030.060.00
Tax %7.69%-400.00%17.65%14.29%22.22%-1,244.44%16.67%0.00%0.00%0.00%33.33%33.33%
Net Profit0.130.090.140.120.141.210.04-0.07-0.070.280.030.04-0.01
EPS in Rs0.090.060.100.080.100.840.03-0.05-0.050.190.020.03-0.01

Last Updated: April 10, 2024, 5:58 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 6, 2024, 4:45 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales4.302.793.886.573.612.214.002.262.812.802.702.570.00
Expenses12.794.292.712.852.846.442.521.751.501.491.391.951.60
Operating Profit-8.49-1.501.173.720.77-4.231.480.511.311.311.310.62-1.60
OPM %-197.44%-53.76%30.15%56.62%21.33%-191.40%37.00%22.57%46.62%46.79%48.52%24.12%
Other Income11.08-0.140.40-0.100.450.242.45-0.03-0.390.000.000.162.43
Interest0.730.850.820.370.340.460.540.380.430.510.280.240.17
Depreciation0.390.390.370.740.420.460.470.500.490.470.440.330.29
Profit before tax1.47-2.880.382.510.46-4.912.92-0.400.000.330.590.210.37
Tax %153.74%63.54%-228.95%15.14%-93.48%-236.05%19.18%25.00%3.03%-174.58%4.76%
Net Profit-0.78-1.051.252.140.88-16.512.36-0.300.030.321.620.190.34
EPS in Rs-0.53-0.710.841.440.59-11.141.64-0.210.020.221.130.130.23
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-34.62%219.05%71.20%-58.88%-1976.14%114.29%-112.71%110.00%966.67%406.25%-88.27%
Change in YoY Net Profit Growth (%)0.00%253.66%-147.85%-130.08%-1917.26%2090.43%-227.01%222.71%856.67%-560.42%-494.52%

Growth

Compounded Sales Growth
10 Years:-1%
5 Years:-8%
3 Years:-3%
TTM:-5%
Compounded Profit Growth
10 Years:8%
5 Years:-40%
3 Years:-26%
TTM:-69%
Stock Price CAGR
10 Years:22%
5 Years:45%
3 Years:73%
1 Year:76%
Return on Equity
10 Years:-5%
5 Years:5%
3 Years:6%
Last Year:2%

Last Updated: April 16, 2024, 1:31 pm

Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital2.962.962.962.962.962.962.882.882.882.882.882.882.88
Reserves19.1218.0619.3221.1822.075.567.747.457.477.809.429.619.71
Borrowings0.280.383.613.322.714.742.283.544.522.401.821.711.21
Other Liabilities3.9311.683.083.283.182.994.904.694.575.024.493.593.83
Total Liabilities26.2933.0828.9730.7430.9216.2517.8018.5619.4418.1018.6117.7917.63
Fixed Assets6.686.236.476.416.175.935.465.895.394.934.504.184.05
CWIP0.000.000.000.000.000.000.000.000.000.000.000.000.00
Investments4.239.143.713.163.022.731.792.231.130.070.070.076.57
Other Assets15.3817.7118.7921.1721.737.5910.5510.4412.9213.1014.0413.547.01
Total Assets26.2933.0828.9730.7430.9216.2517.8018.5619.4418.1018.6117.7917.63

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 8.82-1.61-0.88-0.530.77-5.253.18-2.31-2.55-1.08-0.92-2.92
Cash from Investing Activity 10.76-5.407.551.74-0.123.58-2.631.212.054.451.404.60
Cash from Financing Activity -19.577.18-6.67-0.77-0.911.50-0.790.890.55-2.63-0.85-0.35
Net Cash Flow0.010.170.000.43-0.25-0.16-0.24-0.210.040.74-0.371.33

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-8.77-1.88-2.440.40-1.94-8.97-0.80-3.03-3.21-1.09-0.51-1.09

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days108.6566.72-0.00-0.00-0.00-0.00-0.00-0.00-0.00-0.00-0.00-0.00
Inventory Days-0.00-0.00-0.00
Days Payable
Cash Conversion Cycle108.6566.72-0.00-0.00-0.00-0.00-0.00-0.00-0.00-0.00-0.00-0.00
Working Capital Days404.05675.05455.31366.11710.79-186.63-169.72-239.03-192.24-204.661,566.801,377.63
ROCE %-14.19%-8.73%4.14%11.17%3.22%-22.83%26.45%2.02%5.98%6.01%6.40%3.18%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters56.89%56.89%56.89%56.89%56.89%56.89%56.89%56.89%56.96%56.96%56.96%56.96%
DIIs0.19%0.19%0.19%0.19%0.19%0.19%0.20%0.20%0.20%0.20%0.20%0.20%
Public42.92%42.92%42.92%42.92%42.92%42.92%42.91%42.91%42.83%42.84%42.84%42.84%
No. of Shareholders16,63616,65416,79517,06817,32217,27117,21417,16417,13317,01717,12217,263

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)0.131.130.220.02-0.21
Diluted EPS (Rs.)0.131.130.220.02-0.21
Cash EPS (Rs.)0.361.430.540.360.14
Book Value[Excl.RevalReserv]/Share (Rs.)8.688.557.427.207.18
Book Value[Incl.RevalReserv]/Share (Rs.)8.688.557.427.207.18
PBDIT / Share (Rs.)0.540.900.910.990.32
PBIT / Share (Rs.)0.300.600.580.65-0.01
PBT / Share (Rs.)0.140.410.230.00-0.27
Net Profit / Share (Rs.)0.131.130.220.01-0.20
Return on Networth / Equity (%)1.5113.183.010.24-2.85
Return on Capital Employeed (%)2.755.115.115.23-0.14
Return On Assets (%)1.068.711.770.13-1.59
Long Term Debt / Equity (X)0.130.140.220.000.00
Total Debt / Equity (X)0.130.140.220.000.00
Current Ratio (X)7.870.490.750.300.27
Quick Ratio (X)7.870.490.750.300.27
Interest Coverage Ratio (X)3.274.722.573.341.26
Interest Coverage Ratio (Post Tax) (X)1.796.861.632.260.21
Enterprise Value (Cr.)7.6110.993.740.391.63
EV / EBITDA (X)9.808.422.850.273.44
Price / BV (X)0.640.810.230.080.19
EarningsYield0.020.160.120.03-0.14

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 5.65

The stock is overvalued by 42.20% compared to the current price ₹9.78

Calculation basis:

  • Fair value = (P/E Ratio * (Return on Equity / 100) * Book Value) * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (12.65 cr) compared to borrowings (2.50 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (3.12 cr) and profit (0.08 cr) over the years.
  1. The stock has a low average ROCE of 1.90%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 135.09, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 14.61, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Amforge Industries Ltd:
    1. Net Profit Margin: N/A%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 2.75% (Industry Average ROCE: 14.62%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 1.51% (Industry Average ROE: 15.3%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 1.79
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 7.87
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 41.4 (Industry average Stock P/E: 30.7)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. ✓ Total Debt / Equity: 0.13
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating: ★★☆☆☆

About the Company

Amforge Industries Ltd. is a Public Limited Listed company incorporated on 21/04/1971 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L28910MH1971PLC015119 and registration number is 015119. Currently Company is involved in the business activities of Other financial service activities, except insurance and pension funding activities. Company’s Total Operating Revenue is Rs. 0.00 Cr. and Equity Capital is Rs. 2.88 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Forgings1118, Dalamal Tower, 11th Floor Free Press Journal Marg, Mumbai Maharashtra 400021secretarial@amforgeindustries.com
http://www.amforgeindia.in
Management
NamePosition Held
Mr. Hudson Jospeh D�CostaManaging Director & CEO
Mr. Puneet Yogiraj MakarDirector
Mr. Ajit Pandurang WalwaikarIndependent Director
Ms. Archana Makar SoiDirector
Mr. Sanjay Rajni PatelDirector
Mr. Sunil Kewalkishan AggarwalIndependent Director
Mr. Navin Chandramani SharmaIndependent Director
Mr. Sanjay Rajaram PosamIndependent Director

Amforge Industries Ltd. Share Price Update

Share PriceValue
Today₹9.87
Previous Day₹9.59

FAQ

What is the latest fair value of Amforge Industries Ltd?

The latest fair value of Amforge Industries Ltd is 5.65.

What is the Market Cap of Amforge Industries Ltd?

The Market Cap of Amforge Industries Ltd is 14.1 Cr..

What is the current Stock Price of Amforge Industries Ltd as on 19 April 2024?

The current stock price of Amforge Industries Ltd as on 19 April 2024 is 9.78.

What is the High / Low of Amforge Industries Ltd stocks in FY 2024?

In FY 2024, the High / Low of Amforge Industries Ltd stocks is ₹17.2/4.36.

What is the Stock P/E of Amforge Industries Ltd?

The Stock P/E of Amforge Industries Ltd is 41.4.

What is the Book Value of Amforge Industries Ltd?

The Book Value of Amforge Industries Ltd is 8.75.

What is the Dividend Yield of Amforge Industries Ltd?

The Dividend Yield of Amforge Industries Ltd is 0.00 %.

What is the ROCE of Amforge Industries Ltd?

The ROCE of Amforge Industries Ltd is 3.18 %.

What is the ROE of Amforge Industries Ltd?

The ROE of Amforge Industries Ltd is 1.53 %.

What is the Face Value of Amforge Industries Ltd?

The Face Value of Amforge Industries Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Amforge Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE