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    Consumer Cyclical

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    Auto - Parts
El Forge Ltd

El Forge Ltd

ELFORGE.BO
El Forge LtdIN flagBombay Stock Exchange
20.21
INR
+0.48
- -
410.75MMarket Cap
El Forge Ltd
ELFORGE.BO
(Bombay Stock Exchange)

Recent

price

20.21

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
- -
58.22
51.15
- -
26.44
19.07
15.05
19.39
22.51
16.12
12.37
17.75
25.75
33.62
33.8
36.02
37.45
Revenue per Share
- -
-3.26
-16.77
- -
-8.74
-7.91
-7.86
-5.72
11.44
0.3
-1.12
-1.95
-1.13
34.99
1.13
1.2
1.13
Basic EPS, GAAP
- -
-3.44
-3.1
- -
-10.51
2.89
7.45
-5.68
17.6
10.33
2.84
-0.43
0.74
0.42
1.18
1.55
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
4.53
-12.64
- -
-28.23
-41
-48.85
-54.59
-43.14
-42.8
-43.97
-45.92
-47.05
-12.04
10
-9.71
10
Book Value per Share
- -
23.09
3.57
- -
-11.1
-23.87
-31.72
-37.45
-26.01
-25.68
-26.83
-28.78
-29.92
10.96
12.06
13.28
12.06
Tangible Book Value per Share
- -
18
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
Basic Weighted Avg Shares
- -
1,066
1,040
- -
537
388
306
394
457
328
251
361
523
683
687
732
761
Sales/Revenue/Turnover
- -
7.03
-18.58
- -
-28.87
-34.79
-36.09
-23.94
-12.74
-26.64
-66.9
-14.24
-1.96
4.59
3.19
3.27
2.88
Operating Margin (%)
- -
90
90
- -
97
95
82
69
66
66
61
62
49
18
18
18
18
Depreciation Expense
- -
-60
-341
- -
-178
-161
-160
-116
233
6
-23
-40
-23
711
23
24
23
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
- -
-5.59
-32.79
- -
-33.06
-41.46
-52.22
-29.52
50.85
1.86
-9.08
-11
-4.41
104.1
3.34
3.33
3.02
Profit Margin (%)
-236
-211
-617
- -
-572
-505
-464
-901
-755
-825
-1
16
22
35
63
94
63
Working Capital
1,060
807
656
- -
783
744
705
282
140
- -
47
47
47
47
- -
47
- -
LT Debt
228
455
108
- -
-226
-485
-645
-761
-529
-522
-545
-585
-608
225
248
272
248
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-21.67
8.43
8.43
8.43
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
-100.98
-1.2
- -
- -
- -
-129.34
1,001.56
110.93
1,005.29
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
349.94
- -
11.98
1,057.12
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'25
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
47
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
20
- -
20
Market Capitalization
578
671
409

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'25
Total Current Assets
170
- -
161
Cash, Cash Equivalents & STI
42
- -
40
Accounts Receivable, Net
50
- -
61
Inventories
48
- -
33
Total Current Liabilities
110
- -
98
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-8.21%
-21.14%
9.83%
Free Cash Flow
-76.18%
-43.99%
30.68%
Net Income, GAAP
-414.15%
-648.45%
5.98%
Sales/Revenue/Turnover
9.84%
25.25%
6.58%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
182
177
151
98
683
2025
170
205
190
196
687
2026
171
202
225
- -
732

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.24
0.19
0.14
- -
34.99
2025
0.23
0.36
0.27
0.27
1.13
2026
0.15
0.25
0.61
- -
1.2

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
El Forge Ltd. manufactures forged and semi-machined components primarily for the automotive sector, along with non-automotive applications; its core products include light-duty crankshafts for single- and twin-cylinder engines with annual production exceeding 600,000 units, rocker arms for diesel engines weighing around 2kg, connecting rods for light commercial vehicles and multi-utility vehicles produced in alloy and micro-alloy steels, common rails for fuel injection systems in LCVs and MUVs, steering rods, tie rods, fuel injection forgings, gear control forks, claw poles, and components for engine and gearboxes; the company processes materials such as micro-alloy steels, carbon steels, alloy steels, and stainless steels, offering both forged and machined supplies supported by CAD/CAM/CAE engineering services for product design, tool development, and quality control. EL Forge Ltd. operates a consolidated manufacturing facility in Appur near Chennai, Tamil Nadu, India, serving Tier 1 automotive suppliers and process industries in India, Europe, and the USA. Founded in 1934 and headquartered at No.21C, A.R.K Colony, Eldams Road, Alwarpet, Chennai, the company listed on the BSE in 2005 under ticker ELFORGE.BO and focuses on the auto ancillaries castings and forgings segment. In recent developments, EL Forge Ltd. reported standalone net sales growth including Rs 20.61 crore for June 2025 quarter up 21.06% year-over-year, Rs 19.60 crore for March 2025 up 13.1%, Rs 18.98 crore for December 2024 up 26.06%, and Rs 20.53 crore for September 2024 up 15.91%; the company appointed a new CFO in March 2025 following the resignation of the prior executive, submitted an application for re-classification of certain promoter group entities to public category, held its 89th AGM in June 2025, and named new secretarial and internal auditors in May 2025.