Amforge Industries Ltd.
Snapshot View

4.39 -0.23 ▼-5.0%

23 July 2021, 04:00:00 P.M.
Volume: 9,538

Overview View Details

Sector Trading Compare with Sector peers
Industry Trading Compare with Industry peers
Website http://www.amforgeindia.com
Financial Indicators
Market Cap 6.32 Cr.
Earnings per share (EPS) 0.22 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 19.61 Trailing Twelve Months Ending 2021-03
Industry PE 119.61 Trailing Twelve Months Ending 2021-03
Book Value / Share 7.42 Trailing Twelve Months Ending 2021-03
Price to Book Value 0.59 Calculated using Price: 4.39
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 1.44 Cr. 14,387,212 Shares
FaceValue 2
Company Profile

Amforge Industries was incorporated as a private limited company on April 21, 1971 by Yogiraj J Makar and Surindernath J. Makar. It became a public company in January 1986. The chairman emeritus of the company is Yogiraj Maker and Puneet Makar, the chairman and director. The company has its manufacturing facility situated at Chinchwad in Pune. The plant is a comprehensive forge shop with presses and hammers together with all balancing equipment. This unit serves the complete range of small segment forgings to major OEMs with preferred vendor status at all major OEMs. Quality Accreditations like ISO/TS 16949:2002 and ISO 9001:2000 are in place, and the unit has recently also received TS 14001. The company Chakan unit has demerged from the company and merged with Mahindra Automotive Steels. The registered office is at United Bank of India Bldg, 6th Floor, Sir PM Road, Fort in Mumbai.

Business area of the company

The company is engaged in the design, manufacture, and sale of die forging products in India. The company product range includes crankshafts, stub axles, connecting rods, steering knuckles, hinges and bridge forks. The company serves the engineering sector, automobile manufacturers, machine tool manufacturers, defense sector, earthmoving equipment manufacturers, and oil and gas installations sector. The company also offers its products in the United States, United Kingdom, Germany, Spain, and Canada.

Clientele of the company

  • Hyundai Motors India
  • Tata Motors
  • Hero Honda, Sundaram Clayton
  • Maruti Udyog
  • Honda Motors India

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-4.98%
1 Week
+2.33%
1 Month
+14.32%
3 Month
+149.43%
6 Month
+38.49%
1 Year
+254.03%
2 Year
+485.33%
5 Year
+1.39%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) -3.49 -4.88 5.79 9.21 3.59 -98.38 24.61 -2.82 0.25
Return on Capital Employed (%) 9.70 -9.25 5.09 10.80 2.88 -21.73 26.15 -0.18 2.89
Return on Assets (%) -2.28 -4.91 5.86 10.79 4.29 -90.00 13.84 -1.62 0.14

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 22 21 22 24 25 9 11 10 10
Non Curr. Liab. -6 0 -10 -9 -10 6 3 4 5
Curr. Liab. 3 3 6 6 5 2 4 4 4
Minority Int.
Equity & Liab. 19 24 19 21 20 16 18 19 19
Non Curr. Assets 11 15 10 10 9 16 17 18 19
Curr. Assets 8 9 9 11 11 1 1 0 0
Misc. Exp. not W/O
Total Assets 19 24 19 21 20 16 18 19 19

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 4 2 0
Other Income 1 1 4 7 4 3 6 3 3
Total Income 4 3 4 7 4 3 6 3 3
Total Expenditure -7 -4 -3 -3 -3 -6 -3 -2 -2
PBIDT -3 -2 2 4 1 -4 4 0 1
Interest -1 -1 -1 0 0 0 -1 0 0
Depreciation 0 0 0 -1 0 0 0 -1 0
Taxation -2 2 1 0 0 -12 -1 0 0
Exceptional Items 6 -1
PAT -1 -1 1 2 1 -17 2 0 0

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 9 -2 -1 -1 1 -5 3 -2 -3
Cash Fr. Inv. 11 -5 8 2 0 4 3 1 2
Cash Fr. Finan. -20 7 -7 -1 -1 2 -6 1 1
Net Change 0 0 0 0 0 0 0 0
Cash & Cash Eqvt 1 1 1 1 1 1 1 0 0

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 56.89 56.89 56.89 56.89 56.89 56.89 56.89 56.89 56.89
Public 43.11 43.11 43.11 43.11 43.11 43.11 43.11 43.11 43.11
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Fri, 16 Jul 2021
Format of Initial Disclosure to be made by an entity identified as a Large Corporate
Format of Initial Disclosure to be made by an entity identified as a Large Corporate.

Sr. No. Particulars Details
1Name of CompayAMFORGE INDUSTRIES LTD.
2CINL28910MH1971PLC015119
3 Outstanding borrowing of company as on 31st March / 31st December as applicable (in Rs cr) 0.00
4Highest Credit Rating during the previous FY 0
4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)Not Applicable
5Name of Stock Exchange# in which the fine shall be paid in case of shortfall in the required borrowing under the frameworkBSE


We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26 2018. No



Name of the Company Secretary: KINSHUK R TIWARI
Designation: COMPANY SECRETARY AND COMPLIANCE OFFICER
EmailId: amfcosec@mtnl.net.in
Name of the Chief Financial Officer: Jayesh Thakkar
Designation: CFO
EmailId: jayesh@amforgeindustries.com

Date: 16/07/2021

Note: In terms para of 3.2(ii) of the circular beginning F.Y 2022 in the event of shortfall in the mandatory borrowing through debt securities a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore an entity identified as LC shall provide in its initial disclosure for a financial year the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.
Tue, 13 Jul 2021
Non Applicability Of Regulation 23(9) Of SEBI (LODR) REGULATIONS 2015.
Pursuant to Regulation 23(9) of SEBI (LODR) Regulations 2015 (the Regulation) wherein the listed entity is
required to submit a disclosure on Related Party transactions to the Stock Exchange within 30 days from the
date of publication of its standalone and consolidated financial results for the half year.
In context to the above the Company is availing the exemption provided under Regulation 15 of the said
Regulation the paid-up share capital of the Company is Rs. 2 87 74 420/- (Two Crore Eight Seven Lakh Seventy
Four Thousand Four Hundred and Twenty only) and the Net Worth is Rs. 7.79 Crores (Rupees Seven crore
seventy-nine lakh only) which does not exceed the prescribed limit of Rs. 10 Crores and Rs 25 Crores
respectively as on the last day of the financial year 31st March 2021.
Further as and when the above stated regulations becoming applicable to the Company the same shall be
complied within stipulated time.
Mon, 12 Jul 2021
Shareholding for the Period Ended June 30 2021
Amforge Industries Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30 2021. For more details kindly Click here

Technical Scans View Details

Fri, 23 Jul 2021
Stock Outperforming Benchmark Index in both 1 Week and 3 Month Stock Outperforming Benchmark Index in both 1 Week and 3 Month
Stock Outperforming Sectoral Index in both 1 Week and 3 Month Stock Outperforming Sectoral Index in both 1 Week and 3 Month
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index
Close Within 2 Year High Zone Close Within 2 Year High Zone

Related Stocks View Details

Stock Name Market Cap(Rs. Cr.) LTP Chg %
Adani Enterprises Ltd. 154,363.84 1,403.55 -0.8%
Adani Transmission Ltd. 105,713.75 961.20 -0.2%
Sundram Fasteners Ltd. 15,990.77 761.00 -0.7%
Redington (India) Ltd. 12,592.25 322.40 +0.3%
MMTC Ltd. 7,305.00 48.70 -3.0%
Novartis India Ltd. 2,419.20 982.05 -2.0%
MSTC Ltd. 2,108.83 299.55 +0.0%
Stock Name Statement TTM Ending Price Earning Ratio(TTM) LTP Chg %
Adani Enterprises Ltd. Consolidated 2021-03 167.31 1,403.55 -0.8%
Adani Transmission Ltd. Consolidated 2021-03 86.36 961.20 -0.2%
Sundram Fasteners Ltd. Consolidated 2021-03 44.52 761.00 -0.7%
Redington (India) Ltd. Consolidated 2021-03 16.65 322.40 +0.3%
MMTC Ltd. Standalone 2020-12 0.00 48.70 -3.0%
Novartis India Ltd. Standalone 2021-03 115.75 982.05 -2.0%
MSTC Ltd. Consolidated 2021-03 18.67 299.55 +0.0%
Stock Name Statement TTM Ending Price To Book Value(TTM) LTP Chg %
Adani Enterprises Ltd. Consolidated 2021-03 9.00 1,403.55 -0.8%
Adani Transmission Ltd. Consolidated 2021-03 17.36 961.20 -0.2%
Sundram Fasteners Ltd. Consolidated 2021-03 6.81 761.00 -0.7%
Redington (India) Ltd. Consolidated 2021-03 2.55 322.40 +0.3%
MMTC Ltd. Standalone 2020-12 7.23 48.70 -3.0%
Novartis India Ltd. Standalone 2021-03 3.40 982.05 -2.0%
MSTC Ltd. Consolidated 2021-03 3.78 299.55 +0.0%
Stock Name Statement Year Ending Debt Equity Ratio LTP Chg %
Adani Enterprises Ltd. Consolidated 2021-03 0.93 1,403.55 -0.8%
Adani Transmission Ltd. Consolidated 2021-03 4.89 961.20 -0.2%
Sundram Fasteners Ltd. Consolidated 2021-03 0.29 761.00 -0.7%
Redington (India) Ltd. Consolidated 2020-03 0.59 322.40 +0.3%
MMTC Ltd. Standalone 2020-03 4.23 48.70 -3.0%
Novartis India Ltd. Standalone 2020-03 0.00 982.05 -2.0%
MSTC Ltd. Consolidated 2020-03 0.55 299.55 +0.0%
Stock Name Statement Year Ending Return On Equity(%) LTP Chg %
Adani Enterprises Ltd. Consolidated 2021-03 4.38 1,403.55 -0.8%
Adani Transmission Ltd. Consolidated 2021-03 22.81 961.20 -0.2%
Sundram Fasteners Ltd. Consolidated 2021-03 16.70 761.00 -0.7%
Redington (India) Ltd. Consolidated 2020-03 13.00 322.40 +0.3%
MMTC Ltd. Standalone 2020-03 -20.23 48.70 -3.0%
Novartis India Ltd. Standalone 2020-03 1.36 982.05 -2.0%
MSTC Ltd. Consolidated 2020-03 23.14 299.55 +0.0%
Stock Name Statement Year Ending Return On Capital Employed(%) LTP Chg %
Adani Enterprises Ltd. Consolidated 2021-03 7.88 1,403.55 -0.8%
Adani Transmission Ltd. Consolidated 2021-03 10.89 961.20 -0.2%
Sundram Fasteners Ltd. Consolidated 2021-03 17.31 761.00 -0.7%
Redington (India) Ltd. Consolidated 2020-03 16.27 322.40 +0.3%
MMTC Ltd. Standalone 2020-03 -2.16 48.70 -3.0%
Novartis India Ltd. Standalone 2020-03 4.73 982.05 -2.0%
MSTC Ltd. Consolidated 2020-03 22.93 299.55 +0.0%
Stock Name Statement Year Ending Net Sales(Rs. Cr.) LTP Chg %
Adani Enterprises Ltd. Consolidated 2021-03 39,537.13 1,403.55 -0.8%
Adani Transmission Ltd. Consolidated 2021-03 9,926.33 961.20 -0.2%
Sundram Fasteners Ltd. Consolidated 2021-03 3,644.29 761.00 -0.7%
Redington (India) Ltd. Consolidated 2020-03 51,465.17 322.40 +0.3%
MMTC Ltd. Standalone 2020-03 26,304.71 48.70 -3.0%
Novartis India Ltd. Standalone 2020-03 438.25 982.05 -2.0%
MSTC Ltd. Consolidated 2020-03 1,231.40 299.55 +0.0%
Stock Name Statement Year Ending Profit After Tax(Rs. Cr.) LTP Chg %
Adani Enterprises Ltd. Consolidated 2021-03 746.32 1,403.55 -0.8%
Adani Transmission Ltd. Consolidated 2021-03 1,289.57 961.20 -0.2%
Sundram Fasteners Ltd. Consolidated 2021-03 362.71 761.00 -0.7%
Redington (India) Ltd. Consolidated 2020-03 533.92 322.40 +0.3%
MMTC Ltd. Standalone 2020-03 -220.48 48.70 -3.0%
Novartis India Ltd. Standalone 2020-03 10.08 982.05 -2.0%
MSTC Ltd. Consolidated 2020-03 99.71 299.55 +0.0%