Forge Auto International Peer Comparison

NSE: FORGEAUTO

₹94.20

₹-1.80 (-1.88%)

As on 28-Aug-2026IST

Market cap

₹103 Cr

Revenue (TTM)

₹210 Cr

P/E Ratio

8.3

P/B Ratio

--

Div. Yield

0 %

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	Forge Auto International	Happy Forgings	Balu Forge	Amic Forging	Investment & Prec
Market cap (₹ Cr)	103	21,758	7,761	2,237	1,288
Revenue (₹ Cr)	210	1,642	1,175	121	197
Net Profit (₹ Cr)	9.53	327.40	267.96	35.56	14.58
Net Margin (%)	4.48	19.56	22.15	25.04	7.36
RoE (%)	24.11	16.02	18.85	43.20	15.04
Price to Earnings	8.34	66.46	28.96	79.11	88.35
Price-To-Book	--	9.83	4.67	9.28	11.97

Income Statement
Liabilities
Assets
Cashflow
Ratios

Income Statement (₹ Cr)

	Forge Auto International	Happy Forgings	Balu Forge	Amic Forging	Investment & Prec
Operating Revenue	209.89	1,408.89	923.62	121.32	165.07
Total Income	212.67	1,446.34	945.56	142.02	165.81
Total Expenditure	192.14	1,002.20	677.31	93.32	142.46
EBITDA	17.75	406.70	246.31	28.00	22.62
Depreciation	3.14	77.06	3.35	2.87	8.13
EBIT	14.62	329.64	242.96	25.13	14.49
Interest	4.19	7.53	10.96	0.41	6.85
Other Income	2.78	37.45	21.94	20.71	0.74
Exceptional Items	--	--	--	--	--
Profit before Tax	13.20	359.55	253.94	45.43	8.38
Provision for Tax	3.67	92.12	50.09	9.87	2.32
Profit after Tax	9.53	267.44	203.86	35.56	6.06

Liabilities (₹ Cr)

	Forge Auto International	Happy Forgings	Balu Forge	Amic Forging	Investment & Prec
Shareholder's Funds	58.23	1,849.55	1,053.22	124.40	91.27
Minority Interest	--	--	--	--	--
Non-Current Liabilities	15.75	39.33	15.56	0.72	13.85
Current Liabilities	61.02	326.35	181.73	27.57	89.58
Total Liabilities	134.99	2,215.22	1,252.19	152.68	194.70

Assets (₹ Cr)

	Forge Auto International	Happy Forgings	Balu Forge	Amic Forging	Investment & Prec
Non-Current Assets	43.48	1,296.59	682.82	79.92	94.53
Current Assets	91.51	918.64	567.68	72.65	100.17
Total Assets	134.99	2,215.22	1,252.19	152.68	194.70
Total Debt*	35.74	227.99	35.91	0.00	64.50
Net Current Assets	30.49	592.29	385.95	45.08	10.59
Contingent Liabilities	36.48	23.84	--	--	0.32

Cashflow (₹ Cr)

	Forge Auto International	Happy Forgings	Balu Forge	Amic Forging	Investment & Prec
Cash From Operating Activities	-7.17	292.33	148.24	6.02	18.99
Cash Flow from Investing Activities	-13.95	-320.20	-416.63	-18.51	-4.01
Cash from Financing Activities	22.61	40.17	273.52	19.95	-16.18
Net Cash Inflow / Outflow	1.49	12.30	5.14	7.45	-1.20

Ratios

Profitability Ratios

	Forge Auto International	Happy Forgings	Balu Forge	Amic Forging	Investment & Prec
ROCE (%)	22.41	19.15	31.33	47.57	9.65
ROE (%)	24.11	15.52	27.30	43.20	6.85
ROA (%)	8.06	13.04	20.81	29.05	3.06
EBIT Margin (%)	9.78	31.52	29.04	40.15	14.15
Net Margin (%)	4.48	18.49	21.56	25.04	3.65
Cash Profit Margin (%)	6.03	24.30	22.43	31.68	8.59

Growth Ratios

	Forge Auto International	Happy Forgings	Balu Forge	Amic Forging	Investment & Prec
Revenue Growth (%)	16.53	3.73	64.97	-3.83	-3.44
EBIT Growth (%)	28.56	10.79	107.37	145.31	-12.16
Net Profit Growth (%)	42.47	10.06	118.04	156.74	-22.25
EPS Growth (%)	4.89	10.02	101.95	157.04	-22.25
Book Value Growth (%)	179.81	14.49	81.78	55.00	6.54

Valuation Ratios

	Forge Auto International	Happy Forgings	Balu Forge	Amic Forging	Investment & Prec
Price / Earnings	7.09	27.69	34.68	31.87	28.95
Price / Book Value	1.16	4.02	7.34	11.32	3.84
Dividend Yield (%)	0.00	0.38	0.02	0.00	0.07
EV/EBITDA	4.94	16.88	26.13	22.86	17.71
Market Cap (₹ Cr)	67.59	7,404.16	7,069.74	1,133.16	350.70

Solvency Ratios

	Forge Auto International	Happy Forgings	Balu Forge	Amic Forging	Investment & Prec
Debt to Equity	0.61	0.12	0.04	0.00	0.71
Short term debt to equity ratio	0.36	0.12	0.01	--	0.57
Current Ratio	1.50	2.81	3.12	2.64	1.12
Quick Ratio	0.60	2.10	2.58	2.05	0.57
Interest Coverage	4.15	48.73	24.18	111.61	2.22

Operating Efficiency Ratios

	Forge Auto International	Happy Forgings	Balu Forge	Amic Forging	Investment & Prec
Debtors to sales (%)	10.16	30.27	35.43	22.62	25.19
Asset Turnover	1.78	0.69	0.94	0.99	0.83
Receivable days	39.24	100.84	107.84	85.14	86.24
Inventory Days	78.81	58.77	37.06	24.69	107.02
Payable days	90.18	31.12	60.14	75.50	193.19
Cash Conversion Cycle	27.86	128.48	84.76	34.33	0.08

Annual
Quarterly