WEBSITE BSE:0 NSE: Inc. Year: 1986 Industry: Castings/Forgings My Bucket: Add Stock
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Munish Forge Ltd is a manufacturing company based in Ludhiana, Punjab, established in 1986. It specializes in forging and casting precision-engineered components such as flanges, scaffolding parts, auto parts, earth-moving equipment components, tank-track chains, and steel accessories. The company serves industries including defence, oil & gas, automotive, infrastructure, construction, agriculture, and industrial equipment, and also exports to countries like the USA, UK, Canada, and parts of Europe. In 2024, Munish Forge expanded its operations...Read More
Munish Forge Ltd is a manufacturing company based in Ludhiana, Punjab, established in 1986. It specializes in forging and casting precision-engineered components such as flanges, scaffolding parts, auto parts, earth-moving equipment components, tank-track chains, and steel accessories. The company serves industries including defence, oil & gas, automotive, infrastructure, construction, agriculture, and industrial equipment, and also exports to countries like the USA, UK, Canada, and parts of Europe. In 2024, Munish Forge expanded its operations by adding a casting division to complement its forging capabilities, allowing it to produce complex cast components. Its manufacturing facility includes modern machinery such as forging presses, induction furnaces, CNC tool-rooms, heat-treatment units, and in-house testing labs to ensure quality. In 2025, the company went public with an IPO to raise around ₹73.9 crore and was listed on the SME platform, reflecting strong investor interest. For fiscal year 2025, Munish Forge reported revenue of approximately ₹178.63 crore and a net profit of about ₹14.30 crore, marking significant growth from the previous year. The company holds multiple quality certifications and offers integrated forging, casting, machining, and finishing capabilities, positioning itself as a one-stop supplier for engineering components across defence, automotive, and heavy-engineering sectors. ...Read Less
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Market Cap ₹176 Cr.
Stock P/E 12.3
P/B 2.4
Current Price ₹73.2
Book Value ₹ 30.6
Face Value 10
52W High ₹143
Dividend Yield 0%
52W Low ₹ 50.2
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) |
|---|
| Net Sales |
| Other Income |
| Total Income |
| Total Expenditure |
| Operating Profit |
| Interest |
| Depreciation |
| Exceptional Income / Expenses |
| Profit Before Tax |
| Provision for Tax |
| Profit After Tax |
| Adjustments |
| Profit After Adjustments |
| Adjusted Earnings Per Share |
| #(Fig in Cr.) | Mar 2025 | TTM |
|---|---|---|
| Net Sales | 175 | |
| Other Income | 3 | |
| Total Income | 179 | |
| Total Expenditure | 151 | |
| Operating Profit | 28 | |
| Interest | 5 | |
| Depreciation | 3 | |
| Exceptional Income / Expenses | 0 | |
| Profit Before Tax | 19 | |
| Provision for Tax | 5 | |
| Profit After Tax | 14 | |
| Adjustments | 0 | |
| Profit After Adjustments | 14 | |
| Adjusted Earnings Per Share | 8.1 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 0% | 0% | 0% | 0% |
| Operating Profit CAGR | 0% | 0% | 0% | 0% |
| PAT CAGR | 0% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | NA% | NA% | NA% | NA% |
| ROE Average | 21% | 21% | 21% | 21% |
| ROCE Average | 19% | 19% | 19% | 19% |
| #(Fig in Cr.) | Mar 2025 |
|---|---|
| Shareholder's Funds | 67 |
| Minority's Interest | 0 |
| Borrowings | 11 |
| Other Non-Current Liabilities | 2 |
| Total Current Liabilities | 81 |
| Total Liabilities | 162 |
| Fixed Assets | 37 |
| Other Non-Current Assets | 18 |
| Total Current Assets | 107 |
| Total Assets | 162 |
| #(Fig in Cr.) | Mar 2025 |
|---|---|
| Opening Cash & Cash Equivalents | 3 |
| Cash Flow from Operating Activities | 6 |
| Cash Flow from Investing Activities | -10 |
| Cash Flow from Financing Activities | 8 |
| Net Cash Inflow / Outflow | 3 |
| Closing Cash & Cash Equivalent | 6 |
| # | Mar 2025 |
|---|---|
| Earnings Per Share (Rs) | 8.07 |
| CEPS(Rs) | 9.98 |
| DPS(Rs) | 0 |
| Book NAV/Share(Rs) | 38.01 |
| Core EBITDA Margin(%) | 13.89 |
| EBIT Margin(%) | 13.77 |
| Pre Tax Margin(%) | 11.02 |
| PAT Margin (%) | 8.15 |
| Cash Profit Margin (%) | 10.08 |
| ROA(%) | 8.85 |
| ROE(%) | 21.24 |
| ROCE(%) | 18.95 |
| Receivable days | 52.74 |
| Inventory Days | 125.36 |
| Payable days | 49.76 |
| PER(x) | 0 |
| Price/Book(x) | 0 |
| Dividend Yield(%) | 0 |
| EV/Net Sales(x) | 0.41 |
| EV/Core EBITDA(x) | 2.6 |
| Net Sales Growth(%) | 0 |
| EBIT Growth(%) | 0 |
| PAT Growth(%) | 0 |
| EPS Growth(%) | 0 |
| Debt/Equity(x) | 0.89 |
| Current Ratio(x) | 1.33 |
| Quick Ratio(x) | 0.58 |
| Interest Cover(x) | 4.99 |
| Total Debt/Mcap(x) | 0 |
| # | Mar 2026 |
|---|---|
| Promoter | 68.01 |
| FII | 1.93 |
| DII | 3.59 |
| Public | 26.46 |
| Others | 0 |
| Total | 100 |
| # | Mar 2026 |
|---|---|
| Promoter | 1.64 |
| FII | 0.05 |
| DII | 0.09 |
| Public | 0.64 |
| Others | 0 |
| Total | 2.41 |
* The pros and cons are machine generated.
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