Past 10 year’s financial track record analysis by Moneyworks4me indicates that Amic Forging Ltd is a below average quality company.
The key valuation ratios of Amic Forging Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Amic Forging 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'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 9.8% | 12.9% | 63.6% | 40.9% | - |
| Value Creation Index ⓘ | -0.3 | -0.1 | 3.5 | 1.9 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 26.4 | 71.1 | 116 | 126 | 126 |
| Sales YoY Gr. | - | 169.3% | 62.9% | 8.9% | - |
| Adj EPS ⓘ | 1 | 1.6 | 12.6 | 11.8 | 13.2 |
| YoY Gr. | - | 50.5% | 711% | -6.1% | - |
| BVPS (₹) ⓘ | 10.8 | 12.3 | 25.7 | 61.6 | 61.6 |
| Adj Net Profit ⓘ | 0.7 | 1 | 9.7 | 12.4 | 14 |
| Cash Flow from Ops. ⓘ | -2.1 | 5.9 | 17.8 | -8 | - |
| Debt/CF from Ops. ⓘ | -2.1 | 1.8 | 0.3 | -0.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 68.4% | 8.9% | ||||
| Adj EPS ⓘ | NA | NA | 125.4% | -6.1% | ||||
| BVPSⓘ | NA | NA | 78.7% | 139.5% | ||||
| Share Price | - | - | - | 422.9% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 9.5 | 13.4 | 69.8 | 29.3 | 21.4 |
| Op. Profit Mgn % ⓘ | 5.8 | 3.2 | 11.7 | 13.1 | NAN |
| Net Profit Mgn % ⓘ | 2.5 | 1.4 | 8.4 | 9.8 | 11 |
| Debt to Equity ⓘ | 0.6 | 1.4 | 0.3 | 0.1 | - |
| Working Cap Days ⓘ | 0 | 88 | 109 | 137 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 17 | -8 | 7 | 0 |
Sales growth is growing at healthy rate in last 3 years 68.41%
Net Profit is growing at healthy rate in last 3 years 125.43%
Return on Equity has declined versus last 3 years average to 21.40%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 13.2 | 13.2 |
| TTM Sales (₹ Cr.) | 126 | 126 |
| BVPS (₹.) ⓘ | 61.6 | 61.6 |
| Reserves (₹ Cr.) ⓘ | 54 | 54 |
| P/BV ⓘ | 25.95 | 25.95 |
| PE ⓘ | 121.09 | 121.09 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 290.90 / 1809.45 |
| All Time Low / High (₹) | 239.40 / 1809.45 |
| Market Cap (₹ Cr.) | 1,675 |
| Equity (₹ Cr.) | 10.5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 40.8 |
| Pledged * | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 26 | 71 | 116 | 126 |
| Operating Expenses ⓘ | 25 | 69 | 102 | 110 |
| Manufacturing Costs | 1 | 7 | 12 | 9 |
| Material Costs | 23 | 61 | 88 | 96 |
| Employee Cost | 0 | 0 | 1 | 1 |
| Other Costs ⓘ | 0 | 0 | 2 | 4 |
| Operating Profit ⓘ | 2 | 2 | 14 | 16 |
| Operating Profit Margin (%) | 5.8% | 3.2% | 11.7% | 13.1% |
| Other Income ⓘ | 0 | 0 | 1 | 3 |
| Interest ⓘ | 0 | 1 | 1 | 1 |
| Depreciation ⓘ | 0 | 1 | 1 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1 | 1 | 13 | 19 |
| Tax ⓘ | 0 | 0 | 3 | 5 |
| Profit After Tax | 1 | 1 | 10 | 14 |
| PAT Margin (%) | 2.5% | 1.4% | 8.3% | 11.0% |
| Adjusted EPS (₹) | 1.0 | 1.6 | 12.5 | 13.2 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 7 | 8 | 20 | 65 | ||||||
| Share Capital ⓘ | 1 | 1 | 1 | 10 | ||||||
| Reserves ⓘ | 6 | 7 | 19 | 54 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 4 | 10 | 4 | 3 | ||||||
| Long Term Debt | 4 | 10 | 4 | 3 | ||||||
| Short Term Debt | 0 | 0 | 0 | 0 | ||||||
| Trade Payables | 5 | 13 | 29 | 17 | ||||||
| Others Liabilities ⓘ | 0 | 1 | 9 | 8 | ||||||
| Total Liabilities ⓘ | 16 | 32 | 62 | 92 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 7 | 8 | 12 | 16 | ||||||
| Accumulated Depreciation | 3 | 3 | 4 | 4 | ||||||
| Net Fixed Assetsⓘ | 4 | 5 | 8 | 12 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | ||||||
| Investmentsⓘ | 2 | 3 | 8 | 19 | ||||||
| Inventories | 1 | 0 | 6 | 0 | ||||||
| Trade Receivables | 9 | 14 | 22 | 29 | ||||||
| Cash Equivalents | 0 | 0 | 1 | 12 | ||||||
| Others Assetsⓘ | 0 | 10 | 17 | 20 | ||||||
| Total Assets ⓘ | 16 | 32 | 62 | 92 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -2 | 6 | 18 | -8 |
| PBT ⓘ | 1 | 1 | 13 | 19 |
| Adjustment ⓘ | 1 | 1 | 0 | -2 |
| Changes in Working Capital ⓘ | -3 | 4 | 8 | -20 |
| Tax Paid ⓘ | 0 | 0 | -3 | -5 |
| Cash Flow From Investing Activity ⓘ | -2 | -12 | -13 | -10 |
| Capex | 0 | -2 | -3 | -5 |
| Net Investments | -2 | -1 | -5 | -11 |
| Others ⓘ | 0 | -9 | -4 | 5 |
| Cash Flow From Financing Activityⓘ | 4 | 6 | -4 | 29 |
| Net Proceeds from Shares ⓘ | 2 | 0 | 2 | 35 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | -1 | -1 | -1 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 3 | 6 | -6 | -5 |
| Net Cash Flow ⓘ | 0 | 0 | 1 | 11 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 9.53 | 13.37 | 69.64 | 32.77 | ||||||
| ROCE (%) | 9.79 | 12.87 | 63.61 | 40.94 | ||||||
| Asset Turnover Ratio | 1.63 | 2.97 | 2.46 | 1.63 | ||||||
| PAT to CFO Conversion(x) | -2 | 6 | 1.8 | -0.57 | Working Capital Days | |||||
| Receivable Days | 125 | 59 | 56 | 74 | ||||||
| Inventory Days | 14 | 3 | 11 | 10 | ||||||
| Payable Days | 73 | 51 | 86 | 87 | ||||||
The company was originally incorporated on June 19, 2007 as a private limited company in the name of ‘Kali Mata Forging Private Limited’ under the provisions of the Companies Act, 1956 with the Registrar of Companies, West Bengal. Further, it changed its name from ‘Kali Mata Forging Private Limited’ to ‘Amic Forging Private Limited’ through a special resolution passed by its shareholders in an Extra Ordinary General Meeting held on January 02, 2017. The registrar of companies, Kolkata, issued a fresh certificate of incorporation dated January 09, 2017. Subsequently, pursuant to a special resolution of its Shareholders passed in the Extra Ordinary General Meeting held on January 04, 2023 the company was converted from a private limited company to public limited company and the name of the company was changed to ‘Amic Forging Limited’ and a fresh certificate of incorporation consequent to conversion was issued on August 09, 2023 by the Registrar of Companies, Kolkata.
The company is a manufacturer in forging industry and is engaged in manufacturing of forged Components catering to various industries. It manufacture precision machined components as per customer specifications and International Standard catering to the requirements of various industry such as Heavy Engineering, Steel Industry, Oil & Gas, Petrochemicals, Chemicals, Refineries, Thermal Power, Nuclear Power, Hydro Power, Cement Industry, Sugar and other related industries. The company has expertise in manufacturing different forging components as per international standards like AISI, BS, IS, DIN etc. Some of its common running components are Rounds, Shafts, Blanks and complete finished engineering, spare parts e.g. Gear coupling, Hub, Round, Flange, other all kinds of engineering spares as per customer specifications. These products are mainly manufactured in carbon steel, alloy steel, stainless steel, Nickel and Tools Alloys.
The company has a state-of-the-art forging facilities and machining capabilities to cater to the requirements of its domestic & international customers. By integrating several processes under one facility, the company is in position to minimise cost and lead time. The company has its well established design center with latest 3D software and highly trained technicians. It has earned its name in a short span of time because of committed delivery and premium quality product. The company’s product diversity helps the company to maintain an edge over competition, since the company can provide customized and specialized solutions to its customers. Further, the company is planning to expand via backward integration with starting the manufacturing of Steel Melting & Ingot Casting this backward integration would increase its product base and also increase its output due to easily availability of raw material. With a large infrastructure, zero tolerance quality policies and an energetic team of experts, the company makes sure that it can fulfil any special customer requirements for various critical product applications.
Business area of the company
The company is a leading manufacturer of Open Forgings from India. It manufactures precision machined components duly heat treaded as per customer specifications and International Standard catering to the requirements of Heavy Engineering, Steel Industry, Oil & Gas, Petrochemicals, Chemicals, Refineries, Thermal Power, Nuclear Power, Hydro Power, Cement Industry, Sugar and other related industries. It expertise in manufacturing different forging components as per international standards like AISI, BS, IS, DIN etc. Some of common running components are Rounds, Shafts, Blanks and complete finished engineering, spare parts e.g. Gear coupling, Hub, Round, Flange, other all kinds of engineering spares as per customer specifications. These products are mainly manufactured in carbon steel, alloy steel, stainless steel, Nickel and Tools Alloys.
Key events
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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