WEBSITE BSE:513335 NSE: METALFORGE Inc. Year: 1977 Industry: Forgings My Bucket: Add Stock
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Metalyst Forgings Ltd. is an Indian public company founded in 1977 (originally known as Ahmednagar Forgings Limited) that manufactures highly engineered forged components and high‑tensile fasteners primarily for the automotive and non‑automotive sectors. The company produces a wide range of precision‑forged parts such as camshafts, connecting rods, crankshafts, front axle beams, stub axles, hubs, and shafts used in two‑ and three‑wheelers, passenger cars, tractors, light and heavy commercial vehicles, as well as stationary engines. It...Read More
Metalyst Forgings Ltd. is an Indian public company founded in 1977 (originally known as Ahmednagar Forgings Limited) that manufactures highly engineered forged components and high‑tensile fasteners primarily for the automotive and non‑automotive sectors. The company produces a wide range of precision‑forged parts such as camshafts, connecting rods, crankshafts, front axle beams, stub axles, hubs, and shafts used in two‑ and three‑wheelers, passenger cars, tractors, light and heavy commercial vehicles, as well as stationary engines. Its manufacturing facilities, equipped with advanced presses, hammers and upsetters, are located in Maharashtra (Ahmednagar, Chakan, Kuruli and Aurangabad) and Himachal Pradesh (Nalagarh). Metalyst Forgings is listed on the NSE and BSE under the symbols METALFORGE and 513335 respectively and is part of the broader Amtek group of companies. The business underwent corporate insolvency resolution proceedings beginning in 2017 and a significant resolution plan was approved by the National Company Law Tribunal, involving capital infusion and creditor settlements. The company has historically faced financial challenges, including periods of losses and negative net worth, reflecting the capital‑intensive and cyclical nature of the forging industry. ...Read Less
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Market Cap ₹18 Cr.
Stock P/E -0.1
P/B -0
Current Price ₹4.1
Book Value ₹ -594
Face Value 10
52W High ₹0
Dividend Yield 0%
52W Low ₹ 0
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 64 | 49 | 61 | 61 | 60 | 69 | 72 | 58 | 63 | 67 |
| Other Income | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 69 | 49 | 61 | 61 | 61 | 69 | 72 | 58 | 64 | 67 |
| Total Expenditure | 122 | 51 | 59 | 60 | 63 | 67 | 68 | 59 | 64 | 67 |
| Operating Profit | -53 | -2 | 2 | 1 | -3 | 2 | 4 | -1 | -0 | -0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 63 | 62 | 63 | 62 | 62 | 61 | 61 | 61 | 61 | 61 |
| Exceptional Income / Expenses | -323 | 0 | 0 | 0 | 0 | 0 | -73 | 0 | 0 | 0 |
| Profit Before Tax | -439 | -65 | -61 | -62 | -65 | -60 | -131 | -62 | -61 | -62 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -439 | -65 | -61 | -62 | -65 | -60 | -131 | -62 | -61 | -62 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -439 | -65 | -61 | -62 | -65 | -60 | -131 | -62 | -61 | -62 |
| Adjusted Earnings Per Share | -100.8 | -14.9 | -14 | -14.1 | -15 | -13.7 | -30.1 | -14.2 | -14.1 | -14.1 |
| #(Fig in Cr.) | Sep 2013 | Sep 2014 | Sep 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1718 | 2397 | 2345 | 869 | 1106 | 374 | 380 | 188 | 174 | 231 | 262 | 260 |
| Other Income | 43 | 20 | 6 | 10 | 2 | 39 | 1 | 34 | 5 | 1 | 0 | 0 |
| Total Income | 1761 | 2417 | 2351 | 879 | 1108 | 413 | 381 | 222 | 179 | 231 | 262 | 261 |
| Total Expenditure | 1302 | 1799 | 1848 | 719 | 930 | 413 | 369 | 237 | 248 | 232 | 257 | 258 |
| Operating Profit | 459 | 618 | 502 | 160 | 178 | 0 | 12 | -14 | -69 | -1 | 5 | 3 |
| Interest | 105 | 199 | 368 | 198 | 408 | 342 | 27 | 2 | 0 | 1 | 2 | 0 |
| Depreciation | 98 | 137 | 190 | 105 | 223 | 260 | 255 | 254 | 252 | 250 | 244 | 244 |
| Exceptional Income / Expenses | 0 | 0 | -25 | -217 | -442 | -412 | 0 | -33 | -347 | 0 | -73 | -73 |
| Profit Before Tax | 257 | 282 | -81 | -360 | -896 | -1013 | -271 | -303 | -668 | -252 | -314 | -316 |
| Provision for Tax | 84 | 89 | -27 | -87 | -251 | -83 | 22 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 173 | 193 | -54 | -273 | -645 | -930 | -292 | -303 | -668 | -252 | -314 | -316 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 173 | 193 | -54 | -273 | -645 | -930 | -292 | -303 | -668 | -252 | -314 | -316 |
| Adjusted Earnings Per Share | 47.2 | 52.5 | -14.7 | -74.3 | -158.3 | -213.6 | -67.1 | -69.7 | -153.4 | -58 | -72.1 | -72.5 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 13% | 12% | -7% | -17% |
| Operating Profit CAGR | 0% | 0% | 0% | -36% |
| PAT CAGR | 0% | 0% | 0% | NAN% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 0% | 5% | -8% | -23% |
| ROE Average | 0% | 0% | 0% | -11% |
| ROCE Average | -22% | -24% | -19% | -9% |
| #(Fig in Cr.) | Sep 2013 | Sep 2014 | Sep 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 967 | 1096 | 1082 | 811 | 229 | -696 | -988 | -1290 | -1959 | -2212 | -2525 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 1677 | 1573 | 1229 | 1249 | 6 | 6 | 7 | 8 | 354 | 355 | 356 |
| Other Non-Current Liabilities | 275 | 216 | 553 | 527 | 239 | 149 | 172 | 170 | -184 | -183 | -183 |
| Total Current Liabilities | 635 | 1327 | 1951 | 2021 | 3602 | 3986 | 3997 | 3989 | 3991 | 3985 | 3986 |
| Total Liabilities | 3554 | 4212 | 4814 | 4607 | 4076 | 3446 | 3188 | 2877 | 2203 | 1945 | 1634 |
| Fixed Assets | 1992 | 2773 | 2679 | 2578 | 2748 | 2512 | 2258 | 2005 | 1749 | 1499 | 1255 |
| Other Non-Current Assets | 711 | 151 | 464 | 496 | 445 | 488 | 488 | 488 | 223 | 224 | 225 |
| Total Current Assets | 851 | 1288 | 1671 | 1533 | 883 | 446 | 442 | 384 | 231 | 222 | 154 |
| Total Assets | 3554 | 4212 | 4814 | 4607 | 4076 | 3446 | 3188 | 2877 | 2203 | 1945 | 1634 |
| #(Fig in Cr.) | Sep 2013 | Sep 2014 | Sep 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 74 | 238 | 134 | 43 | 45 | 29 | 16 | 21 | 11 | 5 | 5 |
| Cash Flow from Operating Activities | 635 | 331 | 745 | 158 | 709 | 57 | -1 | 3 | -7 | -2 | -2 |
| Cash Flow from Investing Activities | -1642 | -339 | -400 | -58 | -690 | -66 | -1 | 0 | 1 | 2 | 1 |
| Cash Flow from Financing Activities | 1171 | -96 | -436 | -99 | -34 | -4 | 6 | -1 | -0 | -0 | 0 |
| Net Cash Inflow / Outflow | 164 | -104 | -91 | 1 | -15 | -13 | 5 | 2 | -6 | -0 | -1 |
| Closing Cash & Cash Equivalent | 238 | 134 | 43 | 45 | 29 | 16 | 21 | 23 | 5 | 5 | 4 |
| # | Sep 2013 | Sep 2014 | Sep 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 47.15 | 52.54 | -14.66 | -74.25 | -158.29 | -213.59 | -67.13 | -69.67 | -153.39 | -57.97 | -72.07 |
| CEPS(Rs) | 73.81 | 89.71 | 36.96 | -45.62 | -103.5 | -153.9 | -8.51 | -11.39 | -95.49 | -0.53 | -16.08 |
| DPS(Rs) | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 246.89 | 298.22 | 294.01 | 220.68 | 50.41 | -159.81 | -226.91 | -296.2 | -449.74 | -507.89 | -579.85 |
| Core EBITDA Margin(%) | 24.23 | 24.97 | 21.17 | 17.3 | 15.92 | -10.4 | 2.93 | -25.67 | -42.37 | -0.63 | 1.74 |
| EBIT Margin(%) | 21.03 | 20.1 | 12.26 | -18.66 | -44.06 | -179.64 | -64.08 | -159.97 | -383.47 | -108.81 | -119.39 |
| Pre Tax Margin(%) | 14.95 | 11.78 | -3.44 | -41.4 | -80.97 | -271.1 | -71.24 | -161.16 | -383.53 | -109.44 | -119.99 |
| PAT Margin (%) | 10.08 | 8.06 | -2.3 | -31.4 | -58.31 | -248.86 | -76.93 | -161.16 | -383.53 | -109.44 | -119.99 |
| Cash Profit Margin (%) | 15.78 | 13.75 | 5.79 | -19.29 | -38.12 | -179.32 | -9.75 | -26.36 | -238.76 | -1 | -26.78 |
| ROA(%) | 6.5 | 4.97 | -1.19 | -5.79 | -14.86 | -24.73 | -8.81 | -10.01 | -26.3 | -12.17 | -17.54 |
| ROE(%) | 21.06 | 19.28 | -4.95 | -28.85 | -126.92 | 0 | 0 | 0 | 0 | 0 | 0 |
| ROCE(%) | 16.03 | 14.25 | 7.56 | -4.31 | -13.83 | -21.77 | -9.51 | -13.25 | -34.05 | -14.99 | -22.43 |
| Receivable days | 58.04 | 59.1 | 84.67 | 199.57 | 99.55 | 211.83 | 197.96 | 350.93 | 276.17 | 171.71 | 102.95 |
| Inventory Days | 60.04 | 68.31 | 123.62 | 411.98 | 205.98 | 197.93 | 115.71 | 219.8 | 216.48 | 148.57 | 127.86 |
| Payable days | 31.09 | 24.96 | 23.31 | 59.34 | 53.77 | 178.72 | 213.9 | 404.97 | 415.42 | 290.22 | 255.22 |
| PER(x) | 1.83 | 7.51 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Price/Book(x) | 0.35 | 1.32 | 0.22 | 0.24 | 1.12 | -0.15 | -0.04 | -0.01 | -0.01 | -0.01 | -0 |
| Dividend Yield(%) | 1.16 | 0.25 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 1.29 | 1.62 | 1.3 | 3.36 | 3.11 | 9.32 | 9.03 | 18.08 | 21.61 | 16.34 | 14.38 |
| EV/Core EBITDA(x) | 4.82 | 6.28 | 6.08 | 18.25 | 19.29 | 7833.6 | 291.63 | -235.1 | -54.73 | -4337.82 | 751.56 |
| Net Sales Growth(%) | 41.55 | 39.49 | -2.18 | -62.94 | 27.3 | -66.21 | 1.68 | -50.46 | -7.49 | 32.45 | 13.39 |
| EBIT Growth(%) | 51.76 | 33.29 | -40.33 | -156.42 | -200.55 | -37.74 | 63.73 | -23.67 | -121.76 | 62.42 | -24.41 |
| PAT Growth(%) | 43.36 | 11.43 | -127.91 | -406.45 | -136.37 | -44.21 | 68.57 | -3.79 | -120.16 | 62.21 | -24.32 |
| EPS Growth(%) | 43.36 | 11.43 | -127.91 | -406.45 | -113.17 | -34.94 | 68.57 | -3.79 | -120.16 | 62.21 | -24.32 |
| Debt/Equity(x) | 2.35 | 2.34 | 2.64 | 3.41 | 15.78 | -4.88 | -3.45 | -2.65 | -1.92 | -1.7 | -1.49 |
| Current Ratio(x) | 1.34 | 0.97 | 0.86 | 0.76 | 0.25 | 0.11 | 0.11 | 0.1 | 0.06 | 0.06 | 0.04 |
| Quick Ratio(x) | 0.87 | 0.52 | 0.35 | 0.28 | 0.17 | 0.08 | 0.08 | 0.07 | 0.03 | 0.03 | 0.02 |
| Interest Cover(x) | 3.46 | 2.42 | 0.78 | -0.82 | -1.19 | -1.96 | -8.95 | -134.07 | -5874.3 | -173.4 | -198.6 |
| Total Debt/Mcap(x) | 6.73 | 1.77 | 12.22 | 14.13 | 14.15 | 31.87 | 79.1 | 217.66 | 166.62 | 160.78 | 348.27 |
| # | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 61.32 | 61.32 | 61.32 | 61.32 | 61.32 | 61.32 | 61.32 | 61.32 | 61.32 | 61.32 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Public | 38.66 | 38.66 | 38.66 | 38.67 | 38.67 | 38.67 | 38.67 | 38.67 | 38.67 | 38.67 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 2.67 | 2.67 | 2.67 | 2.67 | 2.67 | 2.67 | 2.67 | 2.67 | 2.67 | 2.67 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 1.68 | 1.68 | 1.68 | 1.68 | 1.68 | 1.68 | 1.68 | 1.68 | 1.68 | 1.68 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4.36 | 4.36 | 4.36 | 4.36 | 4.36 | 4.36 | 4.36 | 4.36 | 4.36 | 4.36 |
* The pros and cons are machine generated.
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