Advance Technoforge Peer Comparison

BSE: 544843

₹75.67

₹3.03 (4.17%)

As on 28-Aug-2026IST

Market cap

₹68 Cr

Revenue (TTM)

₹50 Cr

P/E Ratio

16.8

P/B Ratio

1.8

Div. Yield

0 %

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	Advance Technoforge	Happy Forgings	Balu Forge	Investment & Prec	Nelcast
Market cap (₹ Cr)	68	21,758	7,761	1,288	1,044
Revenue (₹ Cr)	50	1,642	1,175	197	1,338
Net Profit (₹ Cr)	4.06	327.40	267.96	14.58	41.07
Net Margin (%)	8.00	19.56	22.15	7.36	3.04
RoE (%)	34.80	16.02	18.85	15.04	7.07
Price to Earnings	16.84	66.46	28.96	88.35	25.43
Price-To-Book	1.81	9.83	4.67	11.97	1.74

Income Statement
Liabilities
Assets
Cashflow
Ratios

Income Statement (₹ Cr)

	Advance Technoforge	Happy Forgings	Balu Forge	Investment & Prec	Nelcast
Operating Revenue	50.05	1,546.34	--	188.45	1,328.40
Total Income	50.73	1,577.15	--	189.68	1,342.37
Total Expenditure	42.37	1,075.65	--	157.42	1,217.91
EBITDA	7.68	470.69	--	31.03	110.50
Depreciation	1.29	89.04	--	8.52	27.00
EBIT	6.38	381.65	--	22.51	83.50
Interest	1.54	10.47	--	6.31	32.53
Other Income	0.68	30.81	--	1.24	13.97
Exceptional Items	--	--	--	-0.53	--
Profit before Tax	5.53	401.98	--	16.91	64.94
Provision for Tax	1.47	100.35	--	5.14	16.50
Profit after Tax	4.06	301.63	--	11.76	48.43

Liabilities (₹ Cr)

	Advance Technoforge	Happy Forgings	Balu Forge	Investment & Prec	Nelcast
Shareholder's Funds	13.69	2,128.13	--	102.61	596.64
Minority Interest	--	--	--	--	2.71
Non-Current Liabilities	7.35	48.99	--	26.99	87.96
Current Liabilities	25.88	455.69	--	86.97	511.39
Total Liabilities	46.92	2,632.81	--	216.57	1,198.70

Assets (₹ Cr)

	Advance Technoforge	Happy Forgings	Balu Forge	Investment & Prec	Nelcast
Non-Current Assets	19.87	1,561.71	--	112.35	530.71
Current Assets	27.05	1,071.10	--	104.22	667.99
Total Assets	46.92	2,632.81	--	216.57	1,198.70
Total Debt*	17.29	329.62	--	70.10	257.19
Net Current Assets	1.17	615.41	--	17.25	156.60
Contingent Liabilities	--	28.49	--	0.12	1.80

Cashflow (₹ Cr)

	Advance Technoforge	Happy Forgings	Balu Forge	Investment & Prec	Nelcast
Cash From Operating Activities	4.45	444.67	--	25.78	91.58
Cash Flow from Investing Activities	-2.71	-496.83	--	-23.64	-10.91
Cash from Financing Activities	-1.75	64.93	--	-0.16	-76.18
Net Cash Inflow / Outflow	-0.01	12.77	--	1.98	4.49

Ratios

Profitability Ratios

	Advance Technoforge	Happy Forgings	Balu Forge	Investment & Prec	Nelcast
ROCE (%)	24.30	18.19	--	14.14	11.46
ROE (%)	34.80	15.23	--	12.13	8.43
ROA (%)	9.39	12.44	--	5.72	4.10
EBIT Margin (%)	16.69	32.43	--	17.12	9.37
Net Margin (%)	8.00	19.12	--	6.20	3.61
Cash Profit Margin (%)	10.52	25.10	--	10.76	5.68

Growth Ratios

	Advance Technoforge	Happy Forgings	Balu Forge	Investment & Prec	Nelcast
Revenue Growth (%)	-1.29	9.76	--	14.16	6.13
EBIT Growth (%)	50.76	12.91	--	38.13	17.84
Net Profit Growth (%)	50.50	12.79	--	94.17	29.88
EPS Growth (%)	50.50	12.66	--	94.17	29.35
Book Value Growth (%)	42.13	15.29	--	12.43	7.91

Valuation Ratios

	Advance Technoforge	Happy Forgings	Balu Forge	Investment & Prec	Nelcast
Price / Earnings	0.00	36.22	--	42.76	20.68
Price / Book Value	0.00	5.15	--	4.90	1.67
Dividend Yield (%)	--	0.35	--	0.20	0.61
EV/EBITDA	2.84	22.34	--	17.64	9.38
Market Cap (₹ Cr)	0.00	10,924.40	--	502.91	994.84

Solvency Ratios

	Advance Technoforge	Happy Forgings	Balu Forge	Investment & Prec	Nelcast
Debt to Equity	1.26	0.16	--	0.68	0.43
Short term debt to equity ratio	0.60	0.15	--	0.47	0.32
Current Ratio	1.05	2.35	--	1.20	1.31
Quick Ratio	0.56	1.84	--	0.60	0.93
Interest Coverage	4.60	39.38	--	3.68	3.00

Operating Efficiency Ratios

	Advance Technoforge	Happy Forgings	Balu Forge	Investment & Prec	Nelcast
Debtors to sales (%)	26.30	25.53	--	20.86	26.81
Asset Turnover	1.18	0.64	--	0.92	1.12
Receivable days	90.76	96.31	--	78.34	95.62
Inventory Days	73.91	54.55	--	97.25	50.98
Payable days	187.26	30.27	--	198.36	161.66
Cash Conversion Cycle	-22.59	120.58	--	-22.77	-15.06

Annual
Quarterly