BSE: 0 | NSE: FORGEAUTO | Forgings |
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Forge Auto International Ltd is a below average quality company.
The key valuation ratios of Forge Auto International Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Forge Auto International Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'24 | TTM | ||
|---|---|---|---|
| ROCE % ⓘ | 21.9% | - | |
| Value Creation Index ⓘ | 0.6 | - | |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||
| Sales ⓘ | 180 | 180 | |
| Sales YoY Gr. | - | - | |
| Adj EPS ⓘ | 7.7 | 6.1 | |
| YoY Gr. | - | - | |
| BVPS (₹) ⓘ | 25.9 | 47.5 | |
| Adj Net Profit ⓘ | 6.2 | 7 | |
| Cash Flow from Ops. ⓘ | 8.5 | - | |
| Debt/CF from Ops. ⓘ | 4.8 | - | |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | NA | ||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||
| BVPSⓘ | NA | NA | NA | NA | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'24 | TTM | |
|---|---|---|
| Return on Equity % ⓘ | 29.8 | 16.7 |
| Op. Profit Mgn % ⓘ | 8.1 | NAN |
| Net Profit Mgn % ⓘ | 3.4 | 3.7 |
| Debt to Equity ⓘ | 1.9 | - |
| Working Cap Days ⓘ | 0 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 0 |
No data to display
Return on Equity has declined versus last 3 years average to 16.70%
Sales growth has been subdued in last 3 years 0.00%
Net Profit has been subdued in last 3 years 0.00%
Debt to equity has increased versus last 3 years average to 1.94
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 6.1 | - |
| TTM Sales (₹ Cr.) | 180 | - |
| BVPS (₹.) ⓘ | 47.5 | - |
| Reserves (₹ Cr.) ⓘ | 41 | - |
| P/BV ⓘ | 1.77 | - |
| PE ⓘ | 13.74 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 91.9 |
| Equity (₹ Cr.) | 10.9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 38.6 |
| PARTICULARS | Mar'24 |
|---|---|
| Sales | 180.12 |
| Operating Expenses ⓘ | 165.60 |
| Manufacturing Costs | 48.80 |
| Material Costs | 99.18 |
| Employee Cost | 10.15 |
| Other Costs ⓘ | 7.47 |
| Operating Profit ⓘ | 14.51 |
| Operating Profit Margin (%) | 8.1% |
| Other Income ⓘ | 1.46 |
| Interest ⓘ | 4.10 |
| Depreciation ⓘ | 2.57 |
| Exceptional Items ⓘ | 0 |
| Profit Before Tax ⓘ | 9.29 |
| Tax ⓘ | 2.60 |
| Profit After Tax | 6.69 |
| PAT Margin (%) | 3.7% |
| Adjusted EPS (₹) | 8.3 |
| Dividend Payout Ratio (%) | 0% |
| PARTICULARS | Mar'24 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 20.81 | |||||||||
| Share Capital ⓘ | 8.04 | |||||||||
| Reserves ⓘ | 12.77 | |||||||||
| Minority Interest | 0 | |||||||||
| Debt | 38.57 | |||||||||
| Long Term Debt | 14.36 | |||||||||
| Short Term Debt | 24.21 | |||||||||
| Trade Payables | 28.79 | |||||||||
| Others Liabilities ⓘ | 13.32 | |||||||||
| Total Liabilities ⓘ | 101.49 | |||||||||
Fixed Assets | ||||||||||
| Gross Block | 41.43 | |||||||||
| Accumulated Depreciation | 10.42 | |||||||||
| Net Fixed Assetsⓘ | 31.01 | |||||||||
| CWIP ⓘ | 0.27 | |||||||||
| Investmentsⓘ | 1.84 | |||||||||
| Inventories | 35.54 | |||||||||
| Trade Receivables | 23.81 | |||||||||
| Cash Equivalents | 0.52 | |||||||||
| Others Assetsⓘ | 8.50 | |||||||||
| Total Assets ⓘ | 101.49 | |||||||||
| PARTICULARS | Mar'24 |
|---|---|
| Cash Flow From Operating Activity ⓘ | 8.48 |
| PBT ⓘ | 9.29 |
| Adjustment ⓘ | 6.04 |
| Changes in Working Capital ⓘ | -5.34 |
| Tax Paid ⓘ | -1.52 |
| Cash Flow From Investing Activity ⓘ | -10.77 |
| Capex | -3.97 |
| Net Investments | -1.65 |
| Others ⓘ | -5.15 |
| Cash Flow From Financing Activityⓘ | 2.78 |
| Net Proceeds from Shares ⓘ | 0 |
| Net Proceeds from Borrowing ⓘ | 9.47 |
| Interest Paid ⓘ | -4.10 |
| Dividend Paid ⓘ | 0 |
| Others ⓘ | -2.59 |
| Net Cash Flow ⓘ | 0.49 |
| PARTICULARS | Mar'24 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 32.14 | |||||||||
| ROCE (%) | 21.86 | |||||||||
| Asset Turnover Ratio | 1.77 | |||||||||
| PAT to CFO Conversion(x) | 1.27 | Working Capital Days | ||||||||
| Receivable Days | 48 | |||||||||
| Inventory Days | 72 | |||||||||
| Payable Days | 106 | |||||||||
Forge Auto International Limited was originally formed as a Partnership Firm in the name and style of ‘M/s Auto International’ under the provisions of the Indian Partnership Act, 1932 pursuant to partnership deed dated April 19, 2001. Later, pursuant to various amendments in the said partnership deed, as on April 01 2008, Rajan Mittal and Parmod Gupta were the partners of the firm. Consequently, its Firm was converted into a private limited company under the Companies Act 2013 with the name ‘Forge Auto International Private Limited’ pursuant to a fresh certificate of incorporation dated April 25, 2023 was issued by the Registrar of Companies, Chandigarh, Punjab. Subsequently, the company was converted into a public limited company under Companies Act with the name ‘Forge Auto International Limited’ pursuant to a fresh certificate of incorporation dated June 1, 2024 was issued by the Registrar of Companies, Central Processing Centre, Manesar, Gurgaon, Haryana.
Forge Auto International is an engineering company engaged into forging and manufacturing of complex and safety critical, forged and precision machined components such as big ring, small ring, big ball stud, gear blank with broach, stub axle assembly, flange yoke 325 HS, catering to different industry sectors like auto industry including automobiles, tractors, railways etc. and non-auto sectors like agriculture parts, hydraulic parts, striking tools etc. It primarily serves its customers comprising of domestic and global original equipment manufacturers (OEMs) engaged into manufacturing for both automotive sector and other non-automotive sector, used across industries by a diversified base of customers.
It manufactures precision machined components as per customer specifications and International Standard catering to the requirements of various industries such as tractor, agriculture parts, railways, automobiles, commercial vehicle industry, 5th wheel industry, striking tools, hydraulic parts and castor wheel parts and other related industries. The company manufactures products such as short fork 325HS, long fork, flange yoke 325 HS used in commercial vehicles, ball stud, small ball stud used in railway bogies, gear blank with broach, gear blank without broach, stub axle assembly used in tractors, agricultural equipment, sledge hammers etc. Its product range can be broadly classified into different categories i.e. Automotive sector (i.e. used in the manufacturing of auto components such as tractors, light vehicles, heavy commercial vehicles etc.) and non- automotive sector (i.e. which are used in manufacturing of agricultural, industrial and striking tools etc.).
Business area of the company
The company is an engineering company engaged into forging and manufacturing of complex and safety critical, forged and precision machined components such as big ring, small ring, big ball stud, gear blank with broach, stub axle assembly, flange yoke 325 HS, catering to different industry sectors like auto industry including automobiles, tractors, railways etc. and non-auto sectors like agriculture parts, hydraulic parts, striking tools etc.
Products of the company
History and milestones
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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