Thaai Casting Peer Comparison

NSE: TCL

₹132.80

₹-4.85 (-3.52%)

As on 28-Aug-2026IST

Market cap

₹323 Cr

Revenue (TTM)

₹122 Cr

P/E Ratio

25.4

P/B Ratio

3.8

Div. Yield

0 %

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	Thaai Casting	Happy Forgings	Balu Forge	Amic Forging	Investment & Prec
Market cap (₹ Cr)	323	21,758	7,761	2,237	1,288
Revenue (₹ Cr)	122	1,642	1,175	121	197
Net Profit (₹ Cr)	12.10	327.40	267.96	35.56	14.58
Net Margin (%)	9.83	19.56	22.15	25.04	7.36
RoE (%)	15.56	16.02	18.85	43.20	15.04
Price to Earnings	25.35	66.46	28.96	79.11	88.35
Price-To-Book	3.83	9.83	4.67	9.28	11.97

Income Statement
Liabilities
Assets
Cashflow
Ratios

Income Statement (₹ Cr)

	Thaai Casting	Happy Forgings	Balu Forge	Amic Forging	Investment & Prec
Operating Revenue	122.21	1,408.89	923.62	121.32	165.07
Total Income	123.10	1,446.34	945.56	142.02	165.81
Total Expenditure	92.52	1,002.20	677.31	93.32	142.46
EBITDA	29.69	406.70	246.31	28.00	22.62
Depreciation	7.46	77.06	3.35	2.87	8.13
EBIT	22.23	329.64	242.96	25.13	14.49
Interest	6.16	7.53	10.96	0.41	6.85
Other Income	0.89	37.45	21.94	20.71	0.74
Exceptional Items	--	--	--	--	--
Profit before Tax	16.96	359.55	253.94	45.43	8.38
Provision for Tax	4.86	92.12	50.09	9.87	2.32
Profit after Tax	12.10	267.44	203.86	35.56	6.06

Liabilities (₹ Cr)

	Thaai Casting	Happy Forgings	Balu Forge	Amic Forging	Investment & Prec
Shareholder's Funds	83.30	1,849.55	1,053.22	124.40	91.27
Minority Interest	1.85	--	--	--	--
Non-Current Liabilities	48.10	39.33	15.56	0.72	13.85
Current Liabilities	70.28	326.35	181.73	27.57	89.58
Total Liabilities	203.52	2,215.22	1,252.19	152.68	194.70

Assets (₹ Cr)

	Thaai Casting	Happy Forgings	Balu Forge	Amic Forging	Investment & Prec
Non-Current Assets	108.06	1,296.59	682.82	79.92	94.53
Current Assets	95.46	918.64	567.68	72.65	100.17
Total Assets	203.52	2,215.22	1,252.19	152.68	194.70
Total Debt*	89.74	227.99	35.91	0.00	64.50
Net Current Assets	25.18	592.29	385.95	45.08	10.59
Contingent Liabilities	0.42	23.84	--	--	0.32

Cashflow (₹ Cr)

	Thaai Casting	Happy Forgings	Balu Forge	Amic Forging	Investment & Prec
Cash From Operating Activities	1.19	292.33	148.24	6.02	18.99
Cash Flow from Investing Activities	-49.89	-320.20	-416.63	-18.51	-4.01
Cash from Financing Activities	38.85	40.17	273.52	19.95	-16.18
Net Cash Inflow / Outflow	-9.86	12.30	5.14	7.45	-1.20

Ratios

Profitability Ratios

	Thaai Casting	Happy Forgings	Balu Forge	Amic Forging	Investment & Prec
ROCE (%)	15.90	19.15	31.33	47.57	9.65
ROE (%)	15.56	15.52	27.30	43.20	6.85
ROA (%)	7.11	13.04	20.81	29.05	3.06
EBIT Margin (%)	25.02	31.52	29.04	40.15	14.15
Net Margin (%)	9.83	18.49	21.56	25.04	3.65
Cash Profit Margin (%)	16.00	24.30	22.43	31.68	8.59

Growth Ratios

	Thaai Casting	Happy Forgings	Balu Forge	Amic Forging	Investment & Prec
Revenue Growth (%)	72.21	3.73	64.97	-3.83	-3.44
EBIT Growth (%)	55.04	10.79	107.37	145.31	-12.16
Net Profit Growth (%)	13.52	10.06	118.04	156.74	-22.25
EPS Growth (%)	3.73	10.02	101.95	157.04	-22.25
Book Value Growth (%)	15.31	14.49	81.78	55.00	6.54

Valuation Ratios

	Thaai Casting	Happy Forgings	Balu Forge	Amic Forging	Investment & Prec
Price / Earnings	18.08	27.69	34.68	31.87	28.95
Price / Book Value	2.40	4.02	7.34	11.32	3.84
Dividend Yield (%)	0.00	0.38	0.02	0.00	0.07
EV/EBITDA	9.43	16.88	26.13	22.86	17.71
Market Cap (₹ Cr)	199.95	7,404.16	7,069.74	1,133.16	350.70

Solvency Ratios

	Thaai Casting	Happy Forgings	Balu Forge	Amic Forging	Investment & Prec
Debt to Equity	1.08	0.12	0.04	0.00	0.71
Short term debt to equity ratio	0.41	0.12	0.01	--	0.57
Current Ratio	1.36	2.81	3.12	2.64	1.12
Quick Ratio	0.76	2.10	2.58	2.05	0.57
Interest Coverage	3.75	48.73	24.18	111.61	2.22

Operating Efficiency Ratios

	Thaai Casting	Happy Forgings	Balu Forge	Amic Forging	Investment & Prec
Debtors to sales (%)	20.07	30.27	35.43	22.62	25.19
Asset Turnover	0.72	0.69	0.94	0.99	0.83
Receivable days	54.42	100.84	107.84	85.14	86.24
Inventory Days	104.08	58.77	37.06	24.69	107.02
Payable days	87.06	31.12	60.14	75.50	193.19
Cash Conversion Cycle	71.43	128.48	84.76	34.33	0.08