Amforge Industries Ltd

AMFORGEIND

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Market Cap

₹ 12 Cr

P/E

30.14

Turned 1 L into 4.76 L in last 5 Years

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Performance

STEADY PERFORMER

Valuation

REASONABLE

Growth

STABLE

Profitability

HIGH MARGIN

Technicals

Bearish

Risk

MODERATE RISK

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Price

PE Ratio

Price

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Overview

Detailed Summary

Amforge Industries Limited (AIL) is India's second-largest manufacturer of steel forgings, specializing in automotive components like crankshafts and connecting rods.

The company was originally incorporated in 1971 and underwent several name and structural changes before becoming Amforge Industries Limited in 1995.

Historically, AIL operated major production facilities in Mumbai, Pune, Faridabad, and Khopoli, with substantial expansions announced in the late 20th century.

In 2005-06, the Chakan plant was divested to Mahindra Automotive Steels Ltd., marking a significant change in its operations.

AIL ceased operations at its Chinchwad plant in 2008, subsequently acquiring Dujon Commercial Private Limited as a wholly owned subsidiary.

Sector

Finance

Industry

Finance - Investment / Others

Market Cap

12 Cr

Volatility

Low Risk

P/E Ratio

30.1

Industry P/E

30.0

PEG Ratio

—

P/B Ratio

0.9

52W High

12.00

52W Low

7.26

Sales CAGR

225.00%

—

10Y

—

Profit CAGR

-2.08%

-33.70%

78.92%

10Y

-6.72%

ROE

TTM

3.06%

1.02%

3.81%

10Y

-8.88%

ROCE

TTM

3.53%

3.43%

4.13%

10Y

2.05%

Technicals

Oscillators

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
CLFL	42.00	13 Cr	19.81	0.00	0.00	-16.82	10.80	10.26
BNRUDY	43.99	13 Cr	—	1.27	0.00	-8.41	-12.96	-8.05
1STCUS	83.19	12 Cr	29.60	0.81	1.20	2.75	3.98	2.58
IFINSER	17.98	12 Cr	7.05	0.39	0.00	5.20	7.72	4.88
AMFORGEIND	8.44	12 Cr	30.14	0.92	0.00	3.06	3.53	2.44
YUNIKM	8.67	12 Cr	—	32.48	0.00	-24.16	-24.16	-20.90
INDICAP	4.92	11 Cr	—	0.16	0.00	-96.07	-38.83	-33.09

Financial Statements

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Expenses	0.35	0.46	0.41	0.92	0.31	0.35	0.29	0.48	0.39	0.37
Interest	0.05	0.05	0.03	0.08	0.05	0.05	0.05	0.10	0.05	0.05
Financing Profit	-0.40	-0.51	-0.44	-1.00	-0.36	-0.40	-0.34	-0.58	-0.44	-0.42
Financing Margin %	—	—	—	—	—	—	—	—	—	—
Other Income	0.50	0.64	0.51	0.97	0.65	0.66	0.74	0.68	0.50	0.53
Depreciation	0.07	0.07	0.07	0.12	0.13	0.13	0.13	0.08	0.08	0.08
Profit Before Tax	0.04	0.06	0.00	-0.15	0.16	0.13	0.27	0.02	-0.02	0.03
Tax %	25.00	33.33	—	-226.67	25.00	0.00	22.22	-950.00	-100.00	0.00
Net Profit	0.03	0.04	-0.01	-0.48	0.12	0.13	0.21	0.21	-0.04	0.03
EPS in Rs	0.02	0.03	-0.01	-0.34	0.08	0.09	-0.14	0.15	-0.03	0.02
Gross NPA %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net NPA %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Expenses	6.49	2.52	2.04	1.51	1.49	1.40	1.95	2.00	1.40	1.51
Interest	0.46	0.54	0.38	0.43	0.51	0.28	0.24	0.22	0.24	0.25
Financing Profit	-6.95	-3.06	-2.42	-1.94	-2.00	-1.68	-2.19	-2.21	-1.64	-1.76
Financing Margin %	—	—	—	—	—	—	—	—	—	—
Other Income	2.50	6.44	2.52	2.95	2.80	2.70	2.73	2.63	2.73	2.58
Depreciation	0.46	0.47	0.50	0.49	0.47	0.44	0.33	0.32	0.45	0.42
Profit Before Tax	-4.92	2.92	-0.40	-0.01	0.33	0.59	0.21	0.10	0.63	0.40
Tax %	-42.40	519.35	380.84	17.92	2,762.68	-57.38	1,229.03	26.64	394.66	-27.50
Net Profit	-17	2.36	-0.30	0.03	0.32	1.62	0.19	-0.27	0.47	0.51
EPS in Rs	-11.48	1.63	-0.21	0.02	0.28	1.13	0.12	-0.30	0.18	-0.00
Dividend Payout %	—	—	—	—	—	—	—	—	—	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	2.96	2.96	2.88	2.88	2.88	2.88	2.88	2.88	2.88	2.88
Reserves	22	5.56	7.74	7.45	7.47	7.80	9.42	9.61	9.83	10
Borrowings	2.52	4.49	2.28	3.54	4.51	2.40	1.82	1.71	0.71	0.71
Other Liabilities	3.36	3.24	4.90	4.69	4.57	5.03	4.50	3.59	3.40	3.22
Total Liabilities	31	16	18	19	19	18	19	18	17	17
Fixed Assets	6.17	5.93	5.46	5.89	5.39	1.49	1.06	0.80	1.07	0.69
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	2.73	1.79	2.23	1.13	0.07	0.07	0.07	3.02	6.09
Other Assets	25	7.60	11	10	13	17	17	17	13	10
Total Assets	31	16	18	19	19	18	19	18	17	17

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2011	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-11	-5.25	3.18	-2.31	-2.55	-1.08	-0.92	-2.98	-1.37	-1.14
Cash from Investing Activity	1.51	3.58	-2.63	1.21	2.05	4.45	1.40	4.66	1.23	1.36
Cash from Financing Activity	9.40	1.50	-0.79	0.89	0.55	-2.63	-0.85	-0.35	-1.51	-0.13
Net Cash Flow	-0.00	-0.16	-0.24	-0.21	0.04	0.74	-0.37	1.33	-1.65	0.10

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	56.89%	56.96%	56.96%	56.96%	56.96%	56.96%	56.96%	56.96%	56.96%	56.96%	56.96%	56.96%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIIs	0.19%	0.19%	0.19%	0.19%	0.19%	0.19%	0.17%	0.17%	0.17%	0.17%	0.17%	0.17%
Public	42.92%	42.85%	42.85%	42.85%	42.85%	42.85%	42.87%	42.87%	42.87%	42.87%	42.87%	42.87%
Total Shareholders	17,164	17,133	17,017	17,122	17,263	17,308	16,015	15,982	16,451	16,388	16,274	16,182

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Nov 13, 2024	Sumanchepuri	Bulk	Sell	13.44	0.24 Cr	1,75,000	1.21
Dec 28, 2023	Pravinchandra r shah	Bulk	Sell	12.08	0.13 Cr	1,08,595	0.75

Projection

Actions

Action Type

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Announcements

Last 7 days

Newest

Sentiment

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Documents

Presentations

Concalls

Reports

Presentations

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Overview

Detailed Summary

Amforge Industries Limited (AIL) is India's second-largest manufacturer of steel forgings, specializing in automotive components like crankshafts and connecting rods.

The company was originally incorporated in 1971 and underwent several name and structural changes before becoming Amforge Industries Limited in 1995.

Historically, AIL operated major production facilities in Mumbai, Pune, Faridabad, and Khopoli, with substantial expansions announced in the late 20th century.

In 2005-06, the Chakan plant was divested to Mahindra Automotive Steels Ltd., marking a significant change in its operations.

AIL ceased operations at its Chinchwad plant in 2008, subsequently acquiring Dujon Commercial Private Limited as a wholly owned subsidiary.

Sector

Finance

Industry

Finance - Investment / Others

Market Cap

12 Cr

Volatility

Low Risk

P/E Ratio

30.1

Industry P/E

30.0

PEG Ratio

—

P/B Ratio

0.9

52W High

12.00

52W Low

7.26

Sales CAGR

225.00%

—

10Y

—

Profit CAGR

-2.08%

-33.70%

78.92%

10Y

-6.72%

ROE

TTM

3.06%

1.02%

3.81%

10Y

-8.88%

ROCE

TTM

3.53%

3.43%

4.13%

10Y

2.05%

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

AI Mode

Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Expenses	0.35	0.46	0.41	0.92	0.31	0.35	0.29	0.48	0.39	0.37
Interest	0.05	0.05	0.03	0.08	0.05	0.05	0.05	0.10	0.05	0.05
Financing Profit	-0.40	-0.51	-0.44	-1.00	-0.36	-0.40	-0.34	-0.58	-0.44	-0.42
Financing Margin %	—	—	—	—	—	—	—	—	—	—
Other Income	0.50	0.64	0.51	0.97	0.65	0.66	0.74	0.68	0.50	0.53
Depreciation	0.07	0.07	0.07	0.12	0.13	0.13	0.13	0.08	0.08	0.08
Profit Before Tax	0.04	0.06	0.00	-0.15	0.16	0.13	0.27	0.02	-0.02	0.03
Tax %	25.00	33.33	—	-226.67	25.00	0.00	22.22	-950.00	-100.00	0.00
Net Profit	0.03	0.04	-0.01	-0.48	0.12	0.13	0.21	0.21	-0.04	0.03
EPS in Rs	0.02	0.03	-0.01	-0.34	0.08	0.09	-0.14	0.15	-0.03	0.02
Gross NPA %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net NPA %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Expenses	6.49	2.52	2.04	1.51	1.49	1.40	1.95	2.00	1.40	1.51
Interest	0.46	0.54	0.38	0.43	0.51	0.28	0.24	0.22	0.24	0.25
Financing Profit	-6.95	-3.06	-2.42	-1.94	-2.00	-1.68	-2.19	-2.21	-1.64	-1.76
Financing Margin %	—	—	—	—	—	—	—	—	—	—
Other Income	2.50	6.44	2.52	2.95	2.80	2.70	2.73	2.63	2.73	2.58
Depreciation	0.46	0.47	0.50	0.49	0.47	0.44	0.33	0.32	0.45	0.42
Profit Before Tax	-4.92	2.92	-0.40	-0.01	0.33	0.59	0.21	0.10	0.63	0.40
Tax %	-42.40	519.35	380.84	17.92	2,762.68	-57.38	1,229.03	26.64	394.66	-27.50
Net Profit	-17	2.36	-0.30	0.03	0.32	1.62	0.19	-0.27	0.47	0.51
EPS in Rs	-11.48	1.63	-0.21	0.02	0.28	1.13	0.12	-0.30	0.18	-0.00
Dividend Payout %	—	—	—	—	—	—	—	—	—	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	2.96	2.96	2.88	2.88	2.88	2.88	2.88	2.88	2.88	2.88
Reserves	22	5.56	7.74	7.45	7.47	7.80	9.42	9.61	9.83	10
Borrowings	2.52	4.49	2.28	3.54	4.51	2.40	1.82	1.71	0.71	0.71
Other Liabilities	3.36	3.24	4.90	4.69	4.57	5.03	4.50	3.59	3.40	3.22
Total Liabilities	31	16	18	19	19	18	19	18	17	17
Fixed Assets	6.17	5.93	5.46	5.89	5.39	1.49	1.06	0.80	1.07	0.69
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	2.73	1.79	2.23	1.13	0.07	0.07	0.07	3.02	6.09
Other Assets	25	7.60	11	10	13	17	17	17	13	10
Total Assets	31	16	18	19	19	18	19	18	17	17

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2011	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-11	-5.25	3.18	-2.31	-2.55	-1.08	-0.92	-2.98	-1.37	-1.14
Cash from Investing Activity	1.51	3.58	-2.63	1.21	2.05	4.45	1.40	4.66	1.23	1.36
Cash from Financing Activity	9.40	1.50	-0.79	0.89	0.55	-2.63	-0.85	-0.35	-1.51	-0.13
Net Cash Flow	-0.00	-0.16	-0.24	-0.21	0.04	0.74	-0.37	1.33	-1.65	0.10