Amic Forging share price & results
- Mar 2026
- Sept 2026
Manufactures steel forgings and machined precision parts for automotive, energy and heavy engineering.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 75.0 | +29.3% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | 33.0 | +5.0 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | 16.0 | +23.1% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
| Return on equity | +4.0 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | -38.30 | −16.6 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | +22.3 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Price
Performance +42.5% 1Y
1Y: ₹1,490.15 on 24 Oct 2025 → ₹2,124.15. High ₹2,576.8 (5 Oct 2026), low ₹1,092.35 (27 Jan 2026).
- Previous close
- ₹2,090
- Market cap
- ₹1.8k Cr
- 52-week range
- ₹1,092.35 – ₹2,576.8
- One year
- +43.82%
- Price to earnings (FY ending Mar 2026)
- 61.43×
- Return on equity (FY ending Mar 2026)
- 17.80%
Overview
- Symbol
- NSE:AMIC
- Sector
- Capital Goods
- Industry
- Industrials
- Exchange
- NSE
- Currency
- INR
What Amic Forging Limited does
Based on the company's own presentations, annual report and earnings calls.
AMIC Forging Limited manufactures steel forgings and machined heavy precision parts from its factory in Baidyabati, Hooghly, West Bengal, earning revenue by supplying forged and machined components to customers in the automotive, energy and heavy-engineering sectors. The company reports its entire business as a single segment covering steel forgings and machining. It also earns foreign-exchange income from overseas sales alongside its domestic business, and has stated plans to expand its product portfolio and invest in process automation.
Segments
- Steel forgings and machined heavy precision parts
- Manufacturing facility
- Single factory at Mahavir Complex, Baidyabati, Hooghly (West Bengal)
- Permanent employees
- 75
- Reported business segments
- 1 (steel forgings and machined heavy precision parts)
- Subsidiary
- Amic Engg Tech Private Limited (incorporated Feb 2025)
- Associate entity
- Dakor Logistics LLP
- Target end-markets
- Automotive, energy and heavy engineering sectors
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +23% (quarter to mar 2026 against mar 2025).
| Line item | Sept 2023 | Mar 2024 | Sept 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Sales | 52 | 75 | 64 | 58 | 67 | 75 |
| Expenses | 42 | 68 | 52 | 42 | 48 | 51 |
| Operating profit | 10 | 7 | 12 | 16 | 18 | 25 |
| Operating margin | 19.0% | 9.0% | 19.0% | 28.0% | 27.0% | 33.0% |
| Other income | 0 | 3 | 18 | 3 | 1 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 2 | 2 | 2 |
| Profit before tax | 10 | 9 | 29 | 17 | 17 | 23 |
| Tax rate | 26.0% | 26.0% | 21.0% | 23.0% | 26.0% | 31.0% |
| Net profit | 7 | 7 | 23 | 13 | 12 | 16 |
| EPS (₹ per share) | 9.22 | 6.41 | 21.66 | 12.23 | 11.79 | 14.76 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 1 | 1 | 10 | 10 | 10 | 11 |
| Reserves | 7 | 19 | 54 | 114 | 136 | 202 |
| Borrowings | 11 | 5 | 4 | 0 | 7 | 6 |
| Other liabilities | 13 | 37 | 24 | 28 | 46 | 38 |
| Total liabilities | 32 | 62 | 92 | 153 | 199 | 256 |
| Fixed assets | 5 | 8 | 12 | 35 | 33 | 38 |
| Capital work in progress | 0 | 0 | 0 | 6 | 36 | 62 |
| Investments | 2 | 8 | 19 | 22 | 22 | 11 |
| Other assets | 24 | 47 | 62 | 90 | 108 | 144 |
| Total assets | 32 | 62 | 92 | 153 | 199 | 256 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | -2 | 6 | 18 | -8 | 6 | 9 |
| Cash from investing | -2 | -12 | -13 | -10 | -19 | -87 |
| Cash from financing | 4 | 6 | -4 | 29 | 20 | 65 |
| Net cash flow | 0 | 0 | 1 | 11 | 7 | -13 |
| Free cash flow | -2 | 4 | 15 | -13 | -26 | -54 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 125 | 71 | 69 | 85 | 83 | 137 |
| Inventory days | 16 | 1 | 27 | 1 | 77 | 141 |
| Days payable | 73 | 74 | 120 | 63 | 72 | 91 |
| Cash conversion cycle | 68 | -2 | -25 | 23 | 88 | 187 |
| Working capital days | 66 | 1 | -22 | 34 | 77 | 120 |
| Return on capital employed | — | 13.0% | 64.0% | 36.0% | 28.0% | 25.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
What the price assumes
- Growth the price implies
- 30.7% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
Ownership
Who owns it
Promoters hold 55.11% as of Sept 2026; institutions added 0.70 pts since Mar 2026.
- Promoters 55.11%
- Foreign institutions 0.25%
- Domestic institutions 1.16%
- Public 43.48%
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- +0.12 pp 8.02% held
The same filing shows 4 holders trimming and 4 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of Amic Forging Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| 12.35% | −0.33 pp | |
| 11.87% | −1.23 pp | |
| 10.11% | −1.05 pp | |
| 8.78% | unchanged | |
| 8.02% | +0.12 pp | |
| 3.96% | −0.41 pp | |
| — | off the list | |
| — | off the list | |
| — | off the list | |
| — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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