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El Forge Ltd (ELFORGE) · mywealthgrid

About

El Forge Ltd operates in Auto Components & Equipments within the Consumer Discretionary sector.

Face value: ₹10

Market cap

₹49 Cr

P/E

—

P/B

1.8×

Dividend yield

ROE

9.4%

ROCE

9.4%

Debt / equity

OPM

5.3%

EPS (TTM)

₹-1.1

Book value

₹13.4

52-week high

₹28.7

52-week low

₹12.3

₹24.4+21.9%1Y

Beta

1.14

Moves with the index

Volatility (1y)

57.6%

Annualised, daily returns

RSI (14)

67.2

Neither overbought nor oversold

Rel. strength (1y)

8.8%

Ahead of the market

Beta is measured against NIFTY 50 over three years of weekly returns — 1 moves with the index, above 1 amplifies it, below 1 damps it.

Quick read

rule-based

Pros

+Strong return on equity of 111.8% (3-yr avg)
+Revenue CAGR of 24.1% over the last 5 years
+Almost debt-free (debt/equity 0)

Cons

−Thin operating margin of 5.3%

Research score

Structured signal from quality, growth, valuation and momentum.

58/100

Business quality: 33
Growth: 72
Valuation: 46
Momentum

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Samvardhana Motherson International LimitedMOTHERSONMOTHERSON	₹1,65,731 Cr	₹1,81,626 Cr	₹1,31,135 Cr	₹12,541 Cr	9.4%	₹4,380 Cr	3.2%	12.6%	10.2%	-26
Bosch LimitedBOSCHLTDBOSCHLTD	₹1,34,166 Cr	₹1,34,166 Cr	₹21,088 Cr	₹2,832 Cr	13.2%	₹2,363 Cr	13.8%	21%	19.4%	13
Bharat Forge LimitedBHARATFORGBHARATFORG	₹89,644 Cr	₹96,518 Cr	₹17,543 Cr	₹2,963 Cr	17.4%	₹706 Cr	6.5%	17.9%	11.5%	136
Uno Minda LimitedUNOMINDAUNOMINDA	₹64,160 Cr	₹66,698 Cr	₹20,725 Cr	₹2,280 Cr	11.5%	₹1,202 Cr	6.5%	19.3%	19.1%	37
Schaeffler India LimitedSCHAEFFLERSCHAEFFLER	₹60,732 Cr	₹60,787 Cr	₹10,505 Cr	₹1,917 Cr	18.2%	₹1,253 Cr	11.9%	27.3%	20.2%	68
Sona Blw Precision Forgings LimitedSONACOMSSONACOMS	₹50,071 Cr	₹50,314 Cr	₹4,935 Cr	₹1,207 Cr	24.7%	₹686 Cr	14.1%	14.6%	11%	121
Tube Investments Of India LimitedTIINDIATIINDIA	₹45,302 Cr	₹45,695 Cr	₹23,754 Cr	₹2,260 Cr	9.9%	₹607 Cr	4.9%	15.4%	9.6%	41
Endurance Technologies LimitedENDURANCEENDURANCE	₹36,602 Cr	₹37,928 Cr	₹15,592 Cr	₹2,058 Cr	13.5%	₹970 Cr	6.5%	18.5%	15.2%	-6
Exide Industries LimitedEXIDEINDEXIDEIND	₹34,803 Cr	₹35,896 Cr	₹18,829 Cr	₹1,954 Cr	10.4%	₹932 Cr	4.8%	8.9%	6.1%	42
Dhoot Transmission LimitedDHOOTTRANSDHOOTTRANS	₹29,518 Cr	₹30,359 Cr	₹4,525 Cr	₹711 Cr	15.7%	₹397 Cr	8.8%	30.8%	23.1%	69
Craftsman Automation LimitedCRAFTSMANCRAFTSMAN	₹26,897 Cr	₹30,238 Cr	₹8,717 Cr	₹1,357 Cr	15.3%	₹465 Cr	4.8%	16.1%	12.5%	74
Sansera Engineering LimitedSANSERASANSERA	₹26,686 Cr	₹27,144 Cr	₹3,753 Cr	₹696 Cr	18.1%	₹351 Cr	9.3%	14.7%	11.1%	98

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	39	33	43	50	27	40	58	68	76	80
COGS	—	—	-26	-30	14	22	32	39	44	46
Gross profit	—	—	—	—	13	18	27	30	32	34
	43	44	72	79	24	17	23	25	28	30
	-4	-11	-3	1	-11	1	4	5	4	4
OPM %	-10.2%	-33.9%	-6%	1.6%	-39.2%	2.6%	6.6%	7.3%	5.3%	5.3%
Depreciation	10	—	7	7	6	6	5	2	2	2
Interest	1	2	3	1	0	0	0	0	0	1
	—	—	—	0	15	2	-1	68	1	1
Profit before tax	-16	-15	-12	23	-2	-4	-2	71	2	2
Tax	—	—	—	—	0	0	0	0	0	0
	-16	-15	-12	23	-2	-4	-2	71	2	2
PAT margin %	-41.5%	-46%	-27%	46.7%	-8.4%	-9.8%	-4%	104.1%	3%	3%
EPS (₹)	—	-7.4	-5.7	11.4	-1.1	-2	-1.1	35	1.1	1.2
EPS adjusted (₹)	-5	—	—	—	-1.1	-2	-1.1	35	1.1	1.2
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	—	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2016	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	32	20	20	20	20	20	20
Reserves	-71	-75	-79	-81	2	4	7
Minority interest	—	—	—	0	—	0	—
	124	17	17	17	5	5	0
	57	78	79	81	11	10	14
Total equity & liabilities	143	40	37	37	38	39	41
	78	32	27	23	22	21	21
CWIP	3	0	0	—	—	—	0
Investments	4	0	0	0	0	0	0
	58	8	10	14	16	18	19
Total assets	143	40	37	37	38	39	41

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	6	-0	3	1	2	3
	-0	1	-2	-0	-1	-1
	-5	-0	-0	-0	-0	-1
Net cash flow	1	1	1	1	1	1
Free cash flow	6	-1	2	1	1	1
CFO / Operating profit %	—	-11.5%	86.5%	24.5%	59.6%	74.2%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2018	Mar 2019	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	47.2%	45.8%	45.9%	43.6%	42%	42.7%
EBITDA margin %	-6%	1.6%	-39.2%	2.6%	6.6%	7.3%	5.3%	5.3%
EBIT margin %	-21.9%	-11.7%	-61.6%	-12.7%	-1.8%	4.6%	2.9%	3%
PAT margin %	-27%	46.7%	-8.4%	-9.8%	-4%	104.1%	3%	3%
Working capital
Receivable days	—	—	18	18	24	29	29	30
Inventory days	—	—	91	72	48	36	28	31
Payable days	—	—	80	41	87	80	70	59
NWC days	—	—	29	49	-15	-15	-13	2
Leverage
Current ratio	—	—	0.98	1.2	1.21	1.33	1.65	2.06
Debt to EBITDA	—	—	—	16.15	4.35	0.94	1.16	0
Debt to equity	—	—	-0.31	-0.29	-0.28	0.21	0.19	0
Interest coverage	-2.8	-9.4	-11.9	-11.6	-2.4	7.4	5.8	5.8
Asset turnover	—	—	0.67	1.09	1.57	1.8	1.94	1.97
Return ratios
Return on assets %	—	—	-5.6%	-10.8%	-6.2%	187.4%	5.9%	6%
Return on capital employed %	—	—	-16.8%	-16.1%	-3.5%	13.2%	9.8%	9.4%
Return on equity %	—	—	4.2%	6.8%	3.8%	316.4%	9.3%	9%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	40.71%	40.82%	40.82%	40.82%	40.82%	40.82%	40.82%	40.82%	40.82%	40.78%	40.78%	40.78%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	59.28%	59.17%	59.17%	59.17%	59.17%	59.17%	59.17%	59.17%	59.17%	59.21%	59.21%	59.21%
No. of shareholders	—	—	—	—	—	—	—	—	11,199	11,096	11,015	10,981

Promoter holding up 0.07 percentage points since Sep 2023.

15 deals · 24 Jan 2023 – 29 Sept 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
29 Sept 2026	PRIME SECURITIES LIMITED	Bulk	BSE	Sell	1,57,383	₹28.68	₹0.45 Cr
28 Sept 2026	STATIN ENTERPRISE LLP	Bulk	BSE	Sell	1,54,165	₹26.10	₹0.40 Cr
28 Sept 2026	KAMAL KUMAR DUGAR AND CO ( PROP : KAMAL KUMAR DUGAR)	Bulk	BSE	Buy	1,25,000	₹25.61	₹0.32 Cr
25 Sept 2026	MAHENDRA GIRDHARILAL WADHWANI	Bulk	BSE	Buy	2,12,359	₹23.73	₹0.50 Cr
27 Mar 2025	NARAYANASWAMI JAYAKUMAR	Bulk	BSE	Sell	2,89,735	₹20.25	₹0.59 Cr
27 Mar 2025	NEW BERRY ADVISORS LTD	Bulk	BSE	Buy	1,90,000	₹20.25	₹0.38 Cr
17 Dec 2024	ASHOK KUMAR LODHA	Bulk	BSE	Sell	1,50,895	₹42.00	₹0.63 Cr
30 Aug 2024	ASHOK KUMAR LODHA	Bulk	BSE	Buy	1,32,958	₹26.10	₹0.35 Cr
12 Apr 2024	INDIRA VASUDEVAN	Bulk	BSE	Sell	1,50,239	₹13.20	₹0.20 Cr
26 Mar 2024	INDIRA VASUDEVAN	Bulk	BSE	Sell	1,17,176	₹14.56	₹0.17 Cr

1–10 of 15

1 / 2

Mr. V SRIKANTHNon-Executive - Non Independent Director-Chairperson
Mr. K V RAMACHANDRANExecutive Director-MD
Mrs. SHUBHA GANESHNon-Executive - Independent Director
Mr. S BALAKRISHNANNon-Executive - Independent Director
Mr. K R SRIHARIExecutive Director
Mrs. ANANYA SRIKANTHExecutive Director
Mr. S VASUDEVANNon-Executive - Independent Director
Mr. NIRANJAN SIVANNon-Executive - Independent Director
Mr. M S SivakaminathanNon - Executive Independent Director
Mrs. R SowmithriCompany Secretary & Compliance Officer & CFO

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in El Forge Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

2

Dividend dividend12 Sept 2008 · ex-date₹1.4
Dividend dividend13 Sept 2007 · ex-date₹1.4

1

Board meeting to consider results12 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

6 announcementsExport CSV

28 Sept 2026, 6:45 pmCompany Update

Clarification sought from El Forge Ltd

Clarification

28 Sept 2026, 4:09 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot

Postal Ballot PDF

28 Aug 2026, 2:07 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

27 Aug 2026, 11:28 amAGM/EGM

Shareholder Meeting / Postal Ballot-Notice of Postal Ballot

Postal Ballot PDF

21 Jul 2026, 3:40 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

20 Jul 2026, 12:54 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

Date	Category	Subject	Filing
28 Sept 2026, 6:45 pm	Company Update Clarification	Clarification sought from El Forge Ltd	—
28 Sept 2026, 4:09 pm	AGM/EGM Postal Ballot	Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot	PDF

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El Forge Ltd

El Forge Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

2

1

Announcements

Not in the F&O segment

2

1

Announcements

Annual reports

No fund holdings on record

Compounded sales growth

Compounded profit growth

Stock price CAGR

Return on equity

El Forge Ltd

El Forge Ltd

About

Risk & technicals

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Dividends2

Board meetings1

Announcements

Not in the F&O segment

Dividends2

Board meetings1

Announcements

Annual reports

Ratio timeline

No fund holdings on record

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Stock price CAGR

Return on equity

2

1

2

1