Amic Forging Ltd: Intrinsic Value & Share Price Analysis

Q: What is the intrinsic value of Amic Forging Ltd and is it undervalued?

As of 28 April 2026, Amic Forging Ltd's intrinsic value is 630.31, which is 58.78% lower than the current market price of 1,529.00, suggesting the stock is overvalued. Calculated using the PE ratio method factoring in ROE (21.8 %), book value (139), dividend yield (0.00 %), and 5-year EPS CAGR.

Q: What is the current share price and 52-week range of Amic Forging Ltd?

Amic Forging Ltd is trading at 1,529.00 as of 28 April 2026, with a FY2026-2027 high of 1,750 and low of 1,065. The stock is currently in the middle of its 52-week range. Market cap stands at 1,766 Cr..

Q: Is Amic Forging Ltd financially healthy?

Key indicators: ROCE of 27.9 % indicates efficient capital utilization. Dividend yield is 0.00 %.

Q: Is Amic Forging Ltd profitable and how is the profit trend?

Amic Forging Ltd reported a net profit of 36 Cr in Mar 2025 on revenue of 120 Cr. Compared to 1 Cr in Mar 2022, the net profit shows an improving trend.

Fair Value

₹1,733.32Undervalued by 13.36%vs CMP ₹1,529.00

P/E (70.1) × ROE (21.8%) × BV (₹139.00) × DY (2.00%)

₹630.31Overvalued by 58.78%vs CMP ₹1,529.00

MoS: -142.6% (Negative)Confidence: 63/100 (Moderate)Models: 1 Under, 8 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹1,983.53	23%	Under (+29.7%)
Graham Number	Earnings	₹274.08	16%	Over (-82.1%)
Earnings Power	Earnings	₹116.59	11%	Over (-92.4%)
DCF	Cash Flow	₹422.76	14%	Over (-72.4%)
Net Asset Value	Assets	₹126.41	7%	Over (-91.7%)
EV/EBITDA	Enterprise	₹262.34	9%	Over (-82.8%)
Earnings Yield	Earnings	₹240.20	7%	Over (-84.3%)
ROCE Capital	Returns	₹111.49	7%	Over (-92.7%)
Revenue Multiple	Revenue	₹103.90	5%	Over (-93.2%)
Consensus (9 models)		₹630.31	100%	Overvalued

Key Drivers: Wide model spread (₹104–₹1,984) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 14.4%

*Investments are subject to market risks

Analyst Summary

Amic Forging Ltd operates in the Forgings segment, NSE: AMIC | BSE: 544037, current market price is ₹1,529.00, market cap is 1,766 Cr.. At a glance, stock P/E is 70.1, ROE is 21.8 %, ROCE is 27.9 %, book value is 139, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹630.31, around 58.8% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹120 Cr versus the prior period change of -4.8%, while latest net profit is about ₹36 Cr with a prior-period change of 157.1%. The 52-week range shown on this page is 1,750/1,065, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisAMIC Forging Ltd. is a Public Limited Listed company incorporated on 19/06/2007 and has its registered office in the State of West Bengal, India. Company's Corporate Identification Number(CIN) is U271…

This summary is generated from the stock page data available for Amic Forging Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

Amic Forging Ltd scores 71/100 (Strong)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health87/100 · Strong

ROCE 27.9% ExcellentROE 21.8% ExcellentD/E 0.64 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent

Smart Money20/100 · Weak

FII holding down -1.18% (6mo) SellingDII holding down 0.71% MF sellingPromoter holding at 58.0% Stable

Earnings Quality65/100 · Strong

OPM expanding (8% → 18%) Improving

Quarterly Momentum78/100 · Strong

Revenue (4Q): +6% YoY GrowingProfit (4Q): +10% YoY PositiveOPM: 27.0% (up 8.0% YoY) Margin expansion

Industry Rank75/100 · Strong

P/E 70.1 vs industry 67.5 In-lineROCE 27.9% vs industry 10.6% Above peersROE 21.8% vs industry 10.6% Above peers3Y sales CAGR: 19% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 26, 2026, 12:45 am

Market Cap	1,766 Cr.
Current Price	1,529
Intrinsic Value	₹630.31
High / Low	1,750/1,065
Stock P/E	70.1
Book Value	139
Dividend Yield	0.00 %
ROCE	27.9 %
ROE	21.8 %
Face Value	10.0
PEG Ratio	4.86

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Amic Forging Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Amic Forging Ltd	1,766 Cr.	1,529	1,750/1,065	70.1	139	0.00 %	27.9 %	21.8 %	10.0
MM Forgings Ltd (MMFL)	2,409 Cr.	499	527/276	23.6	202	0.80 %	12.5 %	15.6 %	10.0
Tirupati Forge Ltd	573 Cr.	45.6	52.0/28.2	94.3	9.61	0.00 %	12.4 %	9.99 %	2.00
Kalyani Forge Ltd	221 Cr.	606	890/504	38.9	253	0.66 %	12.3 %	9.77 %	10.0
LGB Forge Ltd	189 Cr.	7.95	14.0/4.80		0.77	0.00 %	1.79 %	18.2 %	1.00
Industry Average	13,375.80 Cr	466.47		67.46	155.02	0.27%	10.63%	10.61%	6.13

All Competitor Stocks of Amic Forging Ltd

Quarterly Result

Metric	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025
Sales	52	75	64	58	67
Expenses	42	68	52	42	48
Operating Profit	10	7	12	16	18
OPM %	19%	9%	19%	28%	27%
Other Income	0	3	18	3	1
Interest	0	0	0	0	0
Depreciation	0	0	0	2	2
Profit before tax	10	9	29	17	17
Tax %	26%	26%	21%	23%	26%
Net Profit	7	7	23	13	12
EPS in Rs	9.22	6.41	21.66	12.23	11.79

Last Updated: December 28, 2025, 5:00 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: December 15, 2025, 4:14 am

Metric	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	26	71	116	126	120	124
Expenses	25	69	102	109	92	90
Operating Profit	2	2	14	16	28	34
OPM %	6%	3%	12%	13%	23%	28%
Other Income	0	0	1	3	21	4
Interest	0	1	1	1	0	0
Depreciation	0	1	1	1	3	4
Profit before tax	1	1	13	19	45	33
Tax %	27%	30%	26%	26%	22%
Net Profit	1	1	10	14	36	25
EPS in Rs	7.88	12.24	112.52	13.19	33.90	24.02
Dividend Payout %	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	0.00%	900.00%	40.00%	157.14%
Change in YoY Net Profit Growth (%)	0.00%	900.00%	-860.00%	117.14%

Amic Forging Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 4 years from 2021-2022 to 2024-2025.

Growth

Last Updated: September 5, 2025, 2:16 pm

Balance Sheet

Last Updated: December 10, 2025, 3:48 am

Month	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	0.71	0.71	0.86	10	10	10
Reserves	6	7	19	54	114	136
Borrowings	4	11	5	4	0	7
Other Liabilities	5	13	37	24	28	46
Total Liabilities	16	32	62	92	153	199
Fixed Assets	4	5	8	12	35	33
CWIP	0	0	0	0	6	36
Investments	2	2	8	19	22	22
Other Assets	11	24	47	62	90	108
Total Assets	16	32	62	92	153	199

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	-2	6	18	-8	6
Cash from Investing Activity +	-2	-12	-13	-10	-19
Cash from Financing Activity +	4	6	-4	29	20
Net Cash Flow	0	0	1	11	7
Free Cash Flow	-2	4	15	-13	-26
CFO/OP	-131%	283%	156%	-21%	55%

Free Cash Flow

Month	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-2.00	-9.00	9.00	12.00	28.00

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

Month	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	125	71	69	85	83
Inventory Days	16	1	27	1	77
Days Payable	73	74	120	63	72
Cash Conversion Cycle	68	-2	-25	23	88
Working Capital Days	66	1	-22	34	77
ROCE %		13%	64%	36%	28%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025
Promoters	57.74%	57.82%	57.75%	57.96%	57.96%
FIIs	6.99%	1.33%	0.94%	0.15%	0.15%
DIIs	3.11%	1.19%	1.10%	0.77%	0.48%
Public	32.16%	39.66%	40.21%	41.12%	41.41%
No. of Shareholders	1,378	1,026	1,811	2,888	2,723

Shareholding Pattern Chart

No. of Shareholders

Amic Forging Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	33.90	16.06	127.58	12.18	9.10
Diluted EPS (Rs.)	33.90	16.06	127.58	12.18	9.10
Cash EPS (Rs.)	36.64	13.89	121.18	20.45	14.22
Book Value[Excl.RevalReserv]/Share (Rs.)	118.60	61.59	231.07	107.96	95.78
Book Value[Incl.RevalReserv]/Share (Rs.)	118.60	61.59	231.07	107.96	95.78
Revenue From Operations / Share (Rs.)	115.67	120.27	1349.49	1000.70	371.59
PBDIT / Share (Rs.)	46.44	18.93	169.43	34.62	21.73
PBIT / Share (Rs.)	43.70	18.25	162.40	26.35	15.43
PBT / Share (Rs.)	43.31	17.75	153.19	17.44	11.13
Net Profit / Share (Rs.)	33.90	13.20	114.15	12.18	7.92
NP After MI And SOA / Share (Rs.)	33.90	13.19	114.15	12.18	7.92
PBDIT Margin (%)	40.14	15.73	12.55	3.45	5.84
PBIT Margin (%)	37.78	15.17	12.03	2.63	4.15
PBT Margin (%)	37.44	14.75	11.35	1.74	2.99
Net Profit Margin (%)	29.30	10.97	8.45	1.21	2.13
NP After MI And SOA Margin (%)	29.30	10.96	8.45	1.21	2.13
Return on Networth / Equity (%)	28.58	21.41	49.40	11.28	8.26
Return on Capital Employeed (%)	36.63	28.24	57.11	10.71	10.10
Return On Assets (%)	23.28	15.01	16.04	2.73	3.46
Long Term Debt / Equity (X)	0.00	0.04	0.21	1.25	0.57
Total Debt / Equity (X)	0.00	0.05	0.19	1.40	0.64
Asset Turnover Ratio (%)	0.99	1.65	2.50	2.97	0.00
Current Ratio (X)	2.63	1.97	0.84	1.02	1.92
Quick Ratio (X)	2.05	1.96	0.66	1.01	1.73
Inventory Turnover Ratio (X)	14.79	28.23	26.47	98.31	0.00
Interest Coverage Ratio (X)	118.59	37.86	18.39	3.89	5.06
Interest Coverage Ratio (Post Tax) (X)	87.58	27.41	13.39	2.37	2.88
Enterprise Value (Cr.)	1113.64	685.59	0.00	0.00	0.00
EV / Net Operating Revenue (X)	9.18	5.43	0.00	0.00	0.00
EV / EBITDA (X)	22.86	34.53	0.00	0.00	0.00
MarketCap / Net Operating Revenue (X)	9.34	5.50	0.00	0.00	0.00
Price / BV (X)	9.11	10.74	0.00	0.00	0.00
Price / Net Operating Revenue (X)	9.34	5.50	0.00	0.00	0.00
EarningsYield	0.03	0.01	0.00	0.00	0.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

AMIC Forging Ltd. is a Public Limited Listed company incorporated on 19/06/2007 and has its registered office in the State of West Bengal, India. Company's Corporate Identification Number(CIN) is U27100WB2007PLC116674 and registration number is 116674. Currently company belongs to the Industry of Forgings. Company's Total Operating Revenue is Rs. 121.32 Cr. and Equity Capital is Rs. 10.49 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Forgings	3A, Garstin Place, 2nd Floor, Kolkata West Bengal 700001	Contact not found

Management
Name	Position Held
Mr. Girdhari Lal Chamaria	Managing Director
Mr. Anshul Chamaria	Whole Time Director
Mrs. Rashmi Chamaria	Non Exe.Non Ind.Director
Mr. Parma Nand Gupta	Independent Director
Mr. Pravin Poddar	Independent Director

FAQ

What is the intrinsic value of Amic Forging Ltd and is it undervalued?

As of 28 April 2026, Amic Forging Ltd's intrinsic value is ₹630.31, which is 58.78% lower than the current market price of ₹1,529.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (21.8 %), book value (₹139), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Amic Forging Ltd?

Amic Forging Ltd is trading at ₹1,529.00 as of 28 April 2026, with a FY2026-2027 high of ₹1,750 and low of ₹1,065. The stock is currently in the middle of its 52-week range. Market cap stands at ₹1,766 Cr..

How does Amic Forging Ltd's P/E ratio compare to its industry?

Amic Forging Ltd has a P/E ratio of 70.1, which is above the industry average of 67.46. The premium over industry average may reflect growth expectations or speculative interest.

Is Amic Forging Ltd financially healthy?

Key indicators for Amic Forging Ltd: ROCE of 27.9 % indicates efficient capital utilization; ROE of 21.8 % shows strong shareholder returns. Dividend yield is 0.00 %.

Is Amic Forging Ltd profitable and how is the profit trend?

Amic Forging Ltd reported a net profit of ₹36 Cr in Mar 2025 on revenue of ₹120 Cr. Compared to ₹1 Cr in Mar 2022, the net profit shows an improving trend.

Does Amic Forging Ltd pay dividends?

Amic Forging Ltd has a dividend yield of 0.00 % at the current price of ₹1,529.00. The company is currently not paying meaningful dividends.