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    Amic Forging

    Manufactures steel forgings and machined precision parts for automotive, energy and heavy engineering.

    Capital Goods
    Industrials
    ₹1,685
    +5.16% from avg

    Overview

    Price

    ₹1,685

    Market Cap

    ₹2.0k Cr

    Sector

    Capital Goods

    Industrials

    Rank

    1

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital111110101011
    Reserves4671954114136202
    Borrowings241154076
    Other Liabilities25133724284637
    Total Liabilities916326292153199255
    AssetsFixed Assets445812353338
    CWIP0000063662
    Investments022819222212
    Other Assets41124476290108143
    Total Assets916326292153199255

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating0-2618-869
    Cash from Investing-1-2-12-13-10-19-88
    Cash from Financing146-4292065
    SummaryCapital Expenditure
    Free Cash Flow-1-2415-13-26-54
    FCF Margin

    Valuation

    Assumptions

    Current — 544037
    Price
    ₹1,685
    EPS (TTM)
    ₹45.41
    PE (TTM)
    37.1
    Profit growth

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (31.4×) and current (37.1×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹1,685
    vs
    Fair value · 15% return
    ₹976
    42%Overvalued

    At 10% growth and a 31× exit, ₹1685 only delivers your return if you pay ₹976. The price is currently baking in 21% growth.

    EPS grows 10%/yr for 5 years, then fades to 6% over 2, exits at 31×.

    YearGrowthEPS (₹)
    FY2710.0%49.95
    FY2810.0%54.95
    FY2910.0%60.44
    FY3010.0%66.48
    FY3110.0%73.13
    FY328.0% ·fade78.98
    FY336.0% ·fade83.72

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Amic Forging

    Guides on how to read this kind of business and the numbers that matter.