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Consolidated Standalone

EL Forge

₹18.8 -0.4 | 2%

Market Cap ₹38 Cr.

Stock P/E 78.5

P/B -0.6

Current Price ₹18.8

Book Value ₹ -29.3

Face Value 10

52W High ₹22.7

Dividend Yield 0%

52W Low ₹ 9

Edit Ratio

EL Forge Research see more...

Overview Inc. Year: 1934Industry: Forgings

EL Forge Share Price

New

₹ | |

Volume
Price

Quarterly Price

Quarterly Monthly
Show Value Show %

Peer Comparison

EL Forge Quarterly Results

#(Fig in Cr.) Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Jun 2023 Sep 2023 Dec 2023
Net Sales 9 10 9 11 12 13 15 18 18 15
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 9 10 9 11 12 13 15 18 18 15
Total Expenditure 9 10 9 11 12 12 14 17 17 14
Operating Profit 0 0 0 1 1 0 1 2 1 1
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 2 2 2 2 1 1 1 0 0 0
Exceptional Income / Expenses 0 2 0 -0 0 0 -0 -1 -0 -0
Profit Before Tax -1 0 -1 -1 -1 -1 -1 0 0 0
Provision for Tax 0 0 0 0 0 0 0 0 0 0
Profit After Tax -1 0 -1 -1 -1 -1 -1 0 0 0
Adjustments 0 0 0 0 0 0 0 -0 -0 0
Profit After Adjustments -1 0 -1 -1 -1 -1 -1 0 0 0
Adjusted Earnings Per Share -0.7 0 -0.7 -0.6 -0.4 -0.4 -0.3 0.2 0.2 0.1

EL Forge Profit & Loss

#(Fig in Cr.) Jun 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 75 66 54 39 33 42 50 33 38 40 58 66
Other Income 1 1 0 4 0 0 0 0 0 0 0 0
Total Income 76 67 54 43 33 43 50 33 39 41 59 66
Total Expenditure 88 64 60 43 35 45 49 35 38 39 55 62
Operating Profit -12 4 -6 0 -3 -3 1 -2 1 1 4 5
Interest 14 2 1 1 3 3 1 0 0 0 0 0
Depreciation 8 7 10 10 8 7 7 7 6 6 5 1
Exceptional Income / Expenses 0 -6 -1 -5 -2 1 30 9 4 1 -1 -1
Profit Before Tax -34 -11 -18 -16 -16 -12 23 1 -2 -4 -2 -1
Provision for Tax 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Tax -34 -11 -18 -16 -16 -12 23 1 -2 -4 -2 -1
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -34 -11 -18 -16 -16 -12 23 1 -2 -4 -2 -1
Adjusted Earnings Per Share -16.6 -5.6 -8.7 -7.9 -7.9 -5.7 11.4 0.3 -1.1 -2 -1.1 0.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 45% 21% 7% -3%
Operating Profit CAGR 300% 0% 0% 0%
PAT CAGR 0% NAN% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 88% NA% NA% 20%
ROE Average 0% 0% 0% -34%
ROCE Average 0% 0% 20% 3%

EL Forge Balance Sheet

#(Fig in Cr.) Jun 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 7 -4 -23 -39 -64 -76 -53 -52 -55 -58 -61
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 66 62 78 74 81 40 26 12 12 12 12
Other Non-Current Liabilities 0 -0 0 0 0 0 0 0 70 71 71
Total Current Liabilities 119 123 103 107 103 129 110 102 12 13 15
Total Liabilities 192 181 158 143 120 93 84 61 40 37 37
Fixed Assets 104 100 90 78 56 47 41 35 32 27 23
Other Non-Current Assets 28 22 20 20 7 7 8 8 1 1 1
Total Current Assets 57 56 45 42 56 39 35 19 8 10 13
Total Assets 192 181 158 143 120 93 84 61 40 37 37

EL Forge Cash Flow

#(Fig in Cr.) Jun 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 2 1 1 0 0 0 0 0 0 1 1
Cash Flow from Operating Activities 17 -5 -21 6 15 -11 30 21 6 0 3
Cash Flow from Investing Activities 0 11 2 0 3 2 -1 -0 -0 1 -2
Cash Flow from Financing Activities -19 -7 19 -7 -18 10 -29 -21 -5 -0 -0
Net Cash Inflow / Outflow -1 -0 -0 -0 -0 0 0 -0 1 1 1
Closing Cash & Cash Equivalent 1 1 0 0 0 0 0 0 1 1 2

EL Forge Ratios

# Jun 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) -16.64 -5.59 -8.74 -7.91 -7.86 -5.72 11.44 0.3 -1.12 -1.95 -1.13
CEPS(Rs) -12.77 -2.12 -3.95 -3.21 -3.82 -2.35 14.7 3.54 1.89 1.08 1.27
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) -4.02 -9.6 -18.69 -26.6 -31.73 -37.45 -26.01 -25.71 -26.83 -28.78 -29.92
Core EBITDA Margin(%) -15.32 3.97 -10 -9.58 -7.97 -5.99 1.57 -6.56 1.18 2.57 6.6
EBIT Margin(%) -23.54 -12.91 -28.43 -35.94 -36.95 -19.09 47.97 2.47 -4.74 -8.77 -3.27
Pre Tax Margin(%) -40.76 -15.96 -30.77 -39.07 -45.1 -26.98 46.74 1.86 -5.94 -9.84 -3.95
PAT Margin (%) -40.76 -15.96 -30.77 -39.07 -45.1 -26.98 46.74 1.86 -5.94 -9.84 -3.95
Cash Profit Margin (%) -31.28 -6.05 -13.91 -15.87 -21.9 -11.08 60.02 21.93 9.96 5.47 4.41
ROA(%) -16.63 -6.09 -10.48 -10.67 -12.17 -10.93 26.32 0.84 -4.48 -10.26 -6.23
ROE(%) -373.07 0 0 0 0 0 0 0 0 0 0
ROCE(%) -12.64 -6.86 -13.31 -13.72 -15.02 -12.44 102.42 0 0 0 0
Receivable days 120.92 121.51 122.78 125.03 146.08 83.48 33.51 44.17 22.05 15.19 18.03
Inventory Days 128.11 135.61 153.05 190.75 199.83 144.76 113.22 165.03 84.19 35.7 26.46
Payable days 236.89 341.36 321.47 382.23 528.9 392.11 681.46 1662.33 618.22 46.66 36.48
PER(x) 0 0 0 0 0 0 0 0 0 0 0
Price/Book(x) -0.97 -0.36 -0.24 0 0 0 0 0 0 0 -0.22
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 2.03 2.35 3.04 4.47 4.92 3.61 1.25 1.27 0.94 0.89 0.48
EV/Core EBITDA(x) -13.08 41.58 -29.34 1065.75 -56.68 -61.01 72.2 -19.91 56.88 29.61 7.18
Net Sales Growth(%) -9.57 -11.73 -19.17 -27.87 -16.03 30.43 17.21 -34.08 17.23 4.89 44.94
EBIT Growth(%) -639.96 52.98 -78.76 9.95 11.45 37.14 390.1 -96.61 -325.16 -94.08 46.01
PAT Growth(%) -268.36 66.42 -56.48 9.55 0.58 27.21 299.96 -97.38 -474.07 -73.81 41.88
EPS Growth(%) -268.36 66.42 -56.48 9.55 0.58 27.21 299.96 -97.38 -474.06 -73.81 41.88
Debt/Equity(x) 33.86 -18.57 -5.5 -3.36 -2.17 -1.75 -0.8 -0.41 -0.31 -0.29 -0.28
Current Ratio(x) 0.48 0.46 0.44 0.39 0.55 0.3 0.32 0.19 0.61 0.76 0.84
Quick Ratio(x) 0.25 0.25 0.22 0.2 0.37 0.18 0.18 0.05 0.33 0.42 0.56
Interest Cover(x) -1.37 -4.23 -12.15 -11.47 -4.53 -2.42 38.83 4.07 -3.95 -8.17 -4.8
Total Debt/Mcap(x) 16.86 19.74 15.84 0 0 0 0 0 0 0 1.24

EL Forge Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 40.71 40.71 40.71 40.71 40.71 40.71 40.71 40.71 40.82 40.82
FII 0 0 0 0 0 0 0 0 0 0
DII 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Public 59.28 59.28 59.28 59.28 59.28 59.28 59.28 59.28 59.17 59.17
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Stock is trading at -0.6 times its book value
  • Debtor days have improved from 46.66 to 36.48days.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 40.82%.
  • Company has a low return on equity of 0% over the last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

EL Forge News

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