Manufactures forged metal components for the auto components industry from a single operating unit near Chennai (Chengalpattu, Tamil Nadu). Forgings account for 100% of segment revenue in FY26 at Rs. 80.89 crore, with a small line item for Land Income that has generated no revenue across the periods shown. The company sells into India's automotive supply chain; quarterly forgings revenue ran Rs. 20.75 crore in Q1 FY26, Rs. 17.23 crore in Q2, Rs. 20.23 crore in Q3 and Rs. 22.68 crore in Q4. The full-year topline of Rs. 80.41 crore was up 5.62% over FY25. Raw materials are the dominant cost at Rs. 46.50 crore (57.8% of revenue), followed by employee costs of Rs. 12.37 crore (15.4%) and other operating expenses of Rs. 17.71 crore (22.0%). The business carries no bank borrowings (debt-to-equity of 0.0), capex was Rs. 1.68 crore (2.1% of revenue) and depreciation Rs. 1.83 crore (2.3% of revenue). EBITDA margin came in at 5.92% and net profit margin at 3.03%, with net profit of Rs. 2.44 crore for the year. Operating scale is modest — total assets stood at Rs. 40.78 crore — and the company does not pay a dividend. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Forgings (100%), Land Income (0%). Small, single-product auto components forging company with no debt, low margins and tight dependence on raw material costs
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 40 | 58 | 68 | 76 | 80 |
| EBITDA (ex other income) | 2 | 3 | 73 | 4 | 4 |
| margin % | 6.1 | 5.0 | 106.9 | 5.3 | 5.3 |
| Owners' profit | (4) | (2) | 71 | 2 | 2 |
| EPS, as reported (₹) | (1.95) | (0.68) | 34.99 | 1.13 | 1.20 |
| ROE % · ROCE % | 6.8 · 7.6 | 3.8 · (8.7) | 316.4 · 263.5 | 9.3 · 9.4 | 8.9 · 9.2 |
| Debt / equity (x) | (0.29) | (0.08) | 0.00 | 0.00 | 0.00 |
| Cash from operations | 0 | 3 | 2 | 2 | 3 |
| Capex | (1) | (2) | (0) | (1) | (2) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 21 | 19 | 20 | 21 | 17 | 20 | 23 | 22 |
| Profit before tax | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 1 |
| Net profit | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 1 |
| EPS (₹) | 0.36 | 0.27 | 0.27 | 0.19 | 0.15 | 0.25 | 0.61 | 0.58 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SAMVRDHNA MTHRSN INTL LTD | 1,73,567 | 39.6 | 3.98 | 15.4 | 9.4 | 8.2 | 17.1 | 9.0 |
| BOSCH LIMITED | 1,42,736 | 60.4 | 9.61 | 35.1 | 18.7 | 24.1 | 15.6 | 17.9 |
| BHARAT FORGE LTD | 92,992 | 131.7 | 9.73 | 33.3 | 11.4 | 13.2 | 21.6 | 8.8 |
| UNO MINDA LIMITED | 69,386 | 57.6 | 9.56 | 31.7 | 17.7 | 15.7 | 25.3 | 10.4 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 28 Aug 2026 · Postal Ballot notice published in newspapers | compliance | minimal | — | — |
| 27 Aug 2026 · Postal Ballot notice for reappointment and appointment of independent directors | board shareholder meetings | low | — | — |
| 13 Aug 2026 · EL Forge June 2026 profit nearly triples as revenue rises 5.6 percent | compliance | minimal | — | — |
| 12 Aug 2026 · Q1 FY27 results: Net profit jumps to Rs 117 lakh; internal auditor reappointed | management changes | medium | — | — |
| 12 Aug 2026 · EL Forge Q1 FY27 net profit nearly triples to Rs 117 lakh YoY | results | medium | — | — |
| 6 Aug 2026 · Board meeting on Aug 12 2026 to approve Q1FY27 results | board shareholder meetings | low | — | — |
| 5 Aug 2026 · New Independent Director Mr M S Sivakaminathan appointed, effective 5 August 2026 | management changes | medium | — | — |
| 5 Aug 2026 · EL Forge appoints M.S. Sivakaminathan as Independent Director | management changes | medium | — | — |
| 21 Jul 2026 · EL Forge 90th AGM: All 7 resolutions passed with 99.99% approval | board shareholder meetings | low | — | — |
| 20 Jul 2026 · EL Forge holds 90th AGM on 20 July 2026, seven resolutions transacted | board shareholder meetings | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| SCHAEFFLER INDIA LIMITED |
| 61,739 |
| 49.3 |
| 10.04 |
| — |
| 10.4 |
| 14.1 |
| — |
| 19.4 |
| TUBE INVEST OF INDIA LTD | 50,454 | 83.1 | 3.55 | 19.5 | 7.9 | 12.4 | 30.3 | 10.6 |
| SONA BLW PRECISION FRGS L | 49,016 | 70.4 | 7.99 | 42.6 | 10.3 | 12.9 | — | 25.1 |
| ENDURANCE TECHNO. LTD. | 37,964 | 39.1 | 5.55 | 18.6 | 13.9 | 15.6 | 17.4 | 13.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 11.1 | 26.7 | 16 of 123 | 88% |
| P/B | 1.3 | 3.5 | 18 of 116 | 85% |
| ROCE | 7.6 | 12.6 | 90 of 125 | 28% |
| ROE | 8.9 | 11.6 | 77 of 119 | 36% |
| Debt / Equity | 0.0 | 0.3 | 3 of 119 | 83% |
| EBITDA margin | 8.2 | 12.2 | 96 of 118 | 19% |
| Revenue growth | 5.9 | 20.2 | 93 of 113 | 18% |
| Profit growth | 198.1 | 24.4 | 10 of 115 | 92% |
| Market cap | 36 | 1542 | 119 of 125 | 5% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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