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Last Updated on: 23 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 544037 | NSE: AMIC

Fundamental Analysis of Amic Forging Ltd

Basic Stock Data

Last Updated: April 23, 2024, 1:31 pm

Market Cap 702 Cr.
Current Price 669
High / Low890/239
Stock P/E71.6
Book Value
Dividend Yield0.00 %
ROCE66.3 %
ROE71.2 %
Face Value 10.0

Data Source: screener.in

Competitors of Amic Forging Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Industry Average0 Cr0000%0%0%0

Quarterly Result

MonthJun 2023
Sales29.55
Expenses24.60
Operating Profit4.95
OPM %16.75%
Other Income0.25
Interest0.13
Depreciation0.17
Profit before tax4.90
Tax %26.53%
Net Profit3.60
EPS in Rs41.93

Last Updated: April 10, 2024, 5:59 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 6, 2024, 1:40 pm

MonthMar 2021Mar 2022Mar 2023
Sales2671116
Expenses2569102
Operating Profit2214
OPM %6%3%12%
Other Income001
Interest011
Depreciation011
Profit before tax1113
Tax %27%30%25%
Net Profit1110
EPS in Rs7.8812.24114.15
Dividend Payout %0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2021-20222022-2023
YoY Net Profit Growth (%)0.00%900.00%
Change in YoY Net Profit Growth (%)0.00%900.00%

Amic Forging Ltd has shown a consistent positive trend in YoY Net Profit Growth (%) in the last 2 years from 2021-2022 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:%
TTM:63%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:1026%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:71%

Last Updated: April 16, 2024, 1:30 pm

Balance Sheet

MonthMar 2021Mar 2022Mar 2023
Equity Capital111
Reserves6719
Borrowings4114
Other Liabilities51337
Total Liabilities163261
Fixed Assets458
CWIP000
Investments228
Other Assets112446
Total Assets163261

Reserves and Borrowings Chart

Cash Flow

MonthMar 2021Mar 2022Mar 2023
Cash from Operating Activity -2618
Cash from Investing Activity -2-12-13
Cash from Financing Activity 46-5
Net Cash Flow00-0

Free Cash Flow

MonthMar 2021Mar 2022Mar 2023
Free Cash Flow-2.00-9.0010.00

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 2021Mar 2022Mar 2023
Debtor Days1257169
Inventory Days16127
Days Payable7374120
Cash Conversion Cycle68-2-25
Working Capital Days726-20
ROCE %13%66%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2023
Promoters57.74%
FIIs6.99%
DIIs3.11%
Public32.16%
No. of Shareholders1,378

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 21
FaceValue10.0010.0010.00
Basic EPS (Rs.)127.5812.189.10
Diluted EPS (Rs.)127.5812.189.10
Cash EPS (Rs.)121.1820.4514.22
Book Value[Excl.RevalReserv]/Share (Rs.)231.07107.9695.78
Book Value[Incl.RevalReserv]/Share (Rs.)231.07107.9695.78
Revenue From Operations / Share (Rs.)1349.491000.70371.59
PBDIT / Share (Rs.)169.4334.6221.73
PBIT / Share (Rs.)162.4026.3515.43
PBT / Share (Rs.)153.1917.4411.13
Net Profit / Share (Rs.)114.1512.187.92
NP After MI And SOA / Share (Rs.)114.1512.187.92
PBDIT Margin (%)12.553.455.84
PBIT Margin (%)12.032.634.15
PBT Margin (%)11.351.742.99
Net Profit Margin (%)8.451.212.13
NP After MI And SOA Margin (%)8.451.212.13
Return on Networth / Equity (%)49.4011.288.26
Return on Capital Employeed (%)57.1110.7110.10
Return On Assets (%)16.042.733.46
Long Term Debt / Equity (X)0.211.250.57
Total Debt / Equity (X)0.191.400.64
Asset Turnover Ratio (%)2.502.970.00
Current Ratio (X)0.841.021.92
Quick Ratio (X)0.661.011.73
Inventory Turnover Ratio (X)26.4798.310.00
Interest Coverage Ratio (X)18.393.895.06
Interest Coverage Ratio (Post Tax) (X)13.392.372.88

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Data is incomplete for fair value calculation.

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 26.33%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 19.33, which is a positive sign.
  3. The company has higher reserves (10.67 cr) compared to borrowings (6.33 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (71.00 cr) and profit (5.00 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 13.67, 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 Amic Forging Ltd:
    1. Net Profit Margin: 8.45%
      • 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: 57.11% (Industry Average ROCE: 0%)
      • 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%: 49.40% (Industry Average ROE: 0%)
      • 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): 13.39
      • 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: 0.66
      • 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: 71.6 (Industry average Stock P/E: 0)
      • 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: 0.19
      • 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

Forgings
INDUSTRYADDRESSCONTACT
3A, Garstin Place, 2nd Floor, Kolkata West Bengal 700001Mr.Girdhari%20Lal%20Chamaria
Managing%20Director
Management
NamePosition Held
Mr. Anshul ChamariaExecutive Director
Ms. Rashmi ChamariaNon Executive Director
Mr. Pravin PoddarIndependent Director
Mr. Parma Nand GuptaIndependent Director

AMIC Forging Ltd. Share Price Update

Share PriceValue
Today₹667.00
Previous Day₹661.25

FAQ

What is the latest fair value of Amic Forging Ltd?

The latest fair value of Amic Forging Ltd is ₹0.00.

What is the Market Cap of Amic Forging Ltd?

The Market Cap of Amic Forging Ltd is 702 Cr..

What is the current Stock Price of Amic Forging Ltd as on 23 April 2024?

The current stock price of Amic Forging Ltd as on 23 April 2024 is 669.

What is the High / Low of Amic Forging Ltd stocks in FY 2024?

In FY 2024, the High / Low of Amic Forging Ltd stocks is ₹890/239.

What is the Stock P/E of Amic Forging Ltd?

The Stock P/E of Amic Forging Ltd is 71.6.

What is the Book Value of Amic Forging Ltd?

The Book Value of Amic Forging Ltd is .

What is the Dividend Yield of Amic Forging Ltd?

The Dividend Yield of Amic Forging Ltd is 0.00 %.

What is the ROCE of Amic Forging Ltd?

The ROCE of Amic Forging Ltd is 66.3 %.

What is the ROE of Amic Forging Ltd?

The ROE of Amic Forging Ltd is 71.2 %.

What is the Face Value of Amic Forging Ltd?

The Face Value of Amic Forging Ltd is 10.0.

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 Amic Forging 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