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Dossier · Samrat Forgings Limited · 29 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
Manufactures forged metal components within India's castings and forgings segment of the capital goods industry. Generated revenue from operations of ₹202.97 crore in FY26, up 6.2% from FY25, while profit after tax declined 13.9% year-on-year to ₹4.39 crore as material, employee and finance costs rose faster than revenue. The cost structure is dominated by raw materials at 48.4% of revenue, followed by other operating expenses at 31.1% and employee costs at 15.0%. Capital expenditure runs at 3.4% of revenue and depreciation at 2.3%, indicating a moderately capital-intensive setup. Working-capital and term funding are sourced entirely from Jammu & Kashmir Bank, with total bank facilities of ₹90.60 crore. The company is small enough to fall outside SEBI's 'Large Corporate' classification because its outstanding long-term borrowings stay below the ₹1,000 crore threshold. AR · MarketPing reader · 2026-08-02
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
₹ crore · standalone
FY22
FY23
FY24
FY25
FY26
Revenue
139
181
162
191
203
EBITDA (ex other income)
12
15
13
17
17
margin %
8.9
8.2
8.0
9.2
8.3
Owners' profit
4
5
3
5
4
EPS, as reported (₹)
7.13
9.77
5.95
10.20
8.78
ROE % · ROCE %
15.2 · 22.3
17.1 · 18.9
9.4 · 13.5
13.8 · 15.3
10.6 · 13.6
Debt / equity (x)
1.98
2.09
2.41
2.35
2.31
Cash from operations
11
16
17
20
21
Capex
(8)
(20)
(6)
(24)
(7)
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · Samrat Forgings Limited · 29 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
₹ crore
Q1 FY25
Q2 FY25
Q3 FY25
Q4 FY25
Q1 FY26
Q2 FY26
Q3 FY26
Q4 FY26
Revenue
45
50
44
52
51
52
50
51
Profit before tax
2
3
2
1
1
1
2
1
Net profit
1
2
1
1
1
1
1
1
EPS (₹)
2.67
3.75
2.32
1.46
2.09
1.62
2.98
2.09
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Peers — basic industry group, by market cap
Company
M.cap ₹ cr
P/E
P/B
EV/EBITDA
ROE %
ROCE %
Rev CAGR 5y %
EBITDA m. %
PTC INDUSTRIES LIMITED
35,906
285.9
23.82
209.7
6.7
7.5
29.8
28.3
AIA ENGINEERING LIMITED
33,643
26.6
4.19
19.4
15.8
19.3
8.9
35.8
HAPPY FORGINGS LIMITED
16,966
51.8
7.97
34.4
14.2
18.5
—
33.8
BALU FORGE INDUSTRIES LTD
5,387
18.2
3.38
16.3
16.2
18.8
—
29.5
STEELCAST LIMITED
3,516
38.8
8.90
—
22.0
28.5
—
28.2
Amic Forging Limited
2,327
27.1
—
—
—
18.4
—
—
INVESTMENT & PREC CAST L
1,290
109.7
12.57
43.0
11.5
13.0
12.5
18.6
NELCAST LIMITED
1,148
27.9
1.92
10.6
8.1
9.4
16.8
5.9
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 4: Where the company sits in its group
Metric
Company
Group median
Rank
Better than
P/E (TTM)
26.8
26.7
12 of 22
48%
P/B
2.8
3.6
7 of 20
68%
ROCE
6.0
13.7
21 of 24
13%
ROE
10.6
11.5
12 of 20
42%
Debt / Equity
2.3
0.1
20 of 20
0%
EBITDA margin
9.7
18.5
18 of 20
11%
Revenue growth
(1.4)
12.2
16 of 18
12%
Profit growth
43.1
19.3
7 of 17
63%
Market cap
118
425
18 of 24
26%
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · Samrat Forgings Limited · 29 October 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
Date · filing
Category
Importance
Next day %
5-day %
7 Oct 2026 · RTA submits Reg 74(5) compliance certificate for Q2 FY27
compliance
minimal
—
—
25 Sept 2026 · Samrat Forgings AGM approves reappointment of MD and Independent Director
board shareholder meetings
low
—
—
25 Sept 2026 · 45th AGM: All 5 Resolutions Passed with Overwhelming Majority
2 Sept 2026 · Newspaper Publication of 45th AGM Notice and E-Voting Information
compliance
minimal
—
—
1 Sept 2026 · Samrat Forgings submits FY25-26 annual report, 45th AGM on September 25
compliance
low
—
—
1 Sept 2026 · Notice of 45th AGM on 25 Sep 2026 via video conferencing
board shareholder meetings
low
—
—
26 Aug 2026 · Notice of 45th AGM on 25 September 2026 via video conferencing
compliance
minimal
—
—
19 Aug 2026 · Samrat Forgings: MD and Independent Director Reappointed by Board
management changes
medium
—
—
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
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More audited years; no estimates
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Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
