Sanghvi Forging & Engineering Ltd.
Snapshot View

16.50 ▼0%

30 April 2021, 04:00:00 P.M.

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Forgings Compare with Industry peers
Website http://www.sanghviforge.com
Financial Indicators
Market Cap 24.57 Cr.
Earnings per share (EPS) -10.17 Trailing Twelve Months Ending 2020-12
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2020-12
Industry PE - Trailing Twelve Months Ending 2020-12
Book Value / Share -24.06 Trailing Twelve Months Ending 2020-12
Price to Book Value -0.69 Calculated using Price: 16.50
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 1.49 Cr. 14,892,267 Shares
FaceValue 10
Company Profile

Sanghvi Forging and Engineering incorporated in 1989, is a manufacturer and exporter of forging products for the non-automotive sector. The company has an installed capacity of 3600 MTPA for manufacturing of forged flanges and precision machined components (with single piece forging up to 4 MT) in the area of open and closed die forgings. The company manufactures forged flanges, forgings and machined components for various industries like oil & gas, fertilizers, power, desalination & water treatment, ship building, defence, fabrication of process equipments, instrumentation etc. It is also capable of manufacturing both standardized as well as customized products.

The company’s existing manufacturing plant consists of forging shop, die shop, heat treatment shop, conventional and CNC machining shop backed by related quality assurance equipments. Presently, it is using steam hammer technology for the open die forging and can produce single forged piece upto 4 MT. The key factor in its forging business is the vendor/consultant approval, given the critical end use of the product. It has, in the last few years, been successful in obtaining various such approvals in both the domestic and international markets. It shares a good client relationship worldwide where it receive majority of the business from repeat clients.

The company’s products have been inspected and accepted by third party inspection agencies like Lloyds (LRIS), BVIS, SGS, TOYO, PDIL, DNV, ABS, TICB, UHDE India, DAE, NPCIL, etc. The quality of its products has been certified to be satisfactory in third party inspections. The company has also established market for its products overseas. It regularly exports various countries mainly to Europe, Middle East and Canada.

Product of the company

  • Open Die Forgings
  • Forged Flanges
  • Closed Die Forgings
  • Machined Components
  • Heavy Forging

Milestones

  • 1992: Set-up the existing factory at 244/6-7 GIDC Industrial Estate, Waghodia District, Vadodara with an installed capacity of 300 MTPA for close die forgings
  • 1996: Obtained its first major approval from the Technical Development Committee of India
  • 2002: Obtained Canadian Registration Number (CRN) for 13 provinces of Canada enabling us to market the products in Canada
  • 2003: Selected by Center for Promotion of Imports from Developing Countries, Netherlands, to promote the products in European Union
  • 2005: Approved by SHELL to supply materials for various projects in India
  • 2005: Enhancement of closed die forging installed capacity upto 1200 MTPA
  • 2006: Establishment of new open die forging plant with an installed capacity of an installed capacity of 2400 MTPA
  • 2006: Allotted land at Waghodia Industrial Estate, near existing factory land for New Project
  • 2008: Implementation of SAP-Enterprise resource planning
  • 2009: Obtained approval from GE, PDIL and EIL
  • 2009: Obtained approval from Kuwait National Petroleum Corporation (KNPC), Mazgaon Dock and IBR
  • 2010: Placed firm order for import of forging press and manipulator for New Project

Delivery View Details

Delivered Qty
Traded Qty

No Deliveries found

Performance View Details

1 Day
1 Week
1 Month
3 Month
6 Month
-23.96%
1 Year
+9.27%
2 Year
-16.46%
5 Year
-60.24%
8 years 2011-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 26.11 -21.31 -15.57 -22.40 -70.61 -251.60
Return on Capital Employed (%) 27.35 -0.65 4.98 3.32 -3.86 -4.85 -4.71 -2.97
Return on Assets (%) 10.65 -6.36 -3.92 -5.02 -11.45 -11.97 -10.85 -2.97

Balance Sheet View Details

Particulars 8 years 2011-03 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 18 56 50 44 21 -2 -22 -28
Non Curr. Liab. 17 43 94 88 79 57 45 20
Curr. Liab. 9 102 70 69 98 134 158 186
Minority Int.
Equity & Liab. 44 201 215 200 197 189 180 178
Non Curr. Assets 23 166 162 159 151 142 135 127
Curr. Assets 21 35 53 42 47 47 46 51
Misc. Exp. not W/O 1
Total Assets 44 201 215 200 197 189 180 178

Profit Loss View Details

Particulars 8 years 2011-03 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 40 54 87 72 58 59 64 60
Other Income 0 0 0 1 0 1 0 1
Total Income 40 54 88 73 58 60 64 60
Total Expenditure -32 -48 -71 -58 -55 -58 -60 -55
PBIDT 8 7 16 14 3 3 4 6
Interest -2 -9 -16 -16 -17 -17 -16 -2
Depreciation -1 -7 -8 -8 -9 -9 -9 -9
Taxation -2 2 0
Exceptional Items
PAT 4 -8 -8 -10 -23 -23 -20 -5

Cash Flow View Details

Particulars 8 years 2011-03 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. 8 11 -39 21 16 35 26 -58
Cash Fr. Inv. -13 -18 -4 -3 0 -1 0 -1
Cash Fr. Finan. 6 7 43 -18 -15 -34 1,463 1,550
Net Change 0 0 0 0 0 0 1,490 1,490
Cash & Cash Eqvt 1 0 0 0 0 0 1,490 1,491

Shareholding Pattern View Details

9 Qtrs 2019-03 (%) 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%)
Promoter 67.66 67.66 67.68 67.68 67.70 67.70 67.69 67.77 61.06
Public 32.34 32.34 32.32 32.32 32.30 32.30 32.31 32.23 38.94
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 53.38 53.38 63.29 63.29 63.27 63.27 63.27 63.20 59.15

Announcements View Details

Sat, 12 Jun 2021
Announcement under Regulation 30 (LODR)-Public Announcement-Delisting
Disclosure under Regulation 30 of the SEBI(LODR) 2015-Newspaper Advertisement dated 12th June 2021 in relation to delisting of equity shares of the Company from National Stock Exchange of India Limited and BSE Limited with effect from June 17 2021.
Tue, 08 Jun 2021
Announcement under Regulation 30 (LODR)-Change in Management
Intimation under Regulation 30 of the SEBI (LODR) Regulations 2015 for Appointment of Chief Financial Officer (CFO)and Key Managerial Personnel (KMP) of the Company in accordance with the Resolution Plan for the Company approved by the National Company Law Tribunal
Ahmedabad Bench.
Tue, 25 May 2021
Intimation - Details Of Litigation Under Regulation 30 Of SEBI (Listing Obligation And Disclosure Requirement) Regulations 2015
Intimation - Details of Litigation under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirement) Regulations 2015

Technical Scans View Details

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