ELFORGE
El Forge financials
- Market cap
- ₹37 Cr
What El Forge Ltd. does
El Forge Limited manufactures forgings (forged metal components) at its single factory in Sriperumbudur, Tamil Nadu, which also serves as its registered office. Forgings is the company's sole reported revenue line, sold to both domestic customers and overseas buyers, with the company inviting prospective international customers to view its production and inspection facilities to win export orders.
Segments
- Forgings
- Manufacturing plants
- 1 (Sriperumbudur, Tamil Nadu)
- Employees on rolls
- 146
- Export markets
- Overseas buyers (ongoing export orders)
Quarterly results
Q1 FY27: revenue up 5.9%, net profit up 200.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 21 | 19 | 20 | 21 | 17 −17% | 20 +6% | 23 +15% | 22 +6% |
| EBITDA | 1 | 1 | 1 | 1 | 1 −26% | 1 −18% | 2 +84% | 2 +97% |
| Net profit | 1 | 1 | 1 | 0 | 0 −59% | 1 −9% | 1 +125% | 1 +200% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −10.1% 90D
90D: ₹7.4 on 29 Oct 2014 → ₹6.65. High ₹8.2 (9 Nov 2014), low ₹6.35 (22 Jan 2015).
Financials, as filed
Revenue grew 8.5% a year over 2 years, FY24 to FY26. Operating margin narrowed to 5.3%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹68 Cr | ₹76 Cr | ₹80 Cr |
| Operating profit | ₹5 Cr | ₹4 Cr | ₹4 Cr |
| Operating margin | 7.3% | 5.3% | 5.3% |
| Interest | ₹0 Cr | ₹0 Cr | ₹1 Cr |
| Depreciation | ₹2 Cr | ₹2 Cr | ₹2 Cr |
| Net profit | ₹71 Cr | ₹2 Cr | ₹2 Cr |
| Net margin | 104.1% | 3.0% | 3.0% |
| Cash from operations | ₹1 Cr | ₹2 Cr | ₹3 Cr |
| Free cash flow | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| ROCE | — | 11.2% | 11.1% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹20 Cr | ₹20 Cr | ₹20 Cr | ₹20 Cr | ₹20 Cr | ₹20 Cr |
| Reserves | ₹-75 Cr | ₹-79 Cr | ₹-81 Cr | ₹2 Cr | ₹5 Cr | ₹7 Cr |
| Borrowings | ₹12 Cr | ₹12 Cr | ₹12 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other liabilities | ₹83 Cr | ₹83 Cr | ₹86 Cr | ₹15 Cr | ₹17 Cr | ₹14 Cr |
| Total liabilities | ₹40 Cr | ₹37 Cr | ₹37 Cr | ₹38 Cr | ₹42 Cr | ₹41 Cr |
| Fixed assets | ₹32 Cr | ₹27 Cr | ₹23 Cr | ₹22 Cr | ₹21 Cr | ₹21 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹8 Cr | ₹10 Cr | ₹14 Cr | ₹16 Cr | ₹21 Cr | ₹19 Cr |
| Total assets | ₹40 Cr | ₹37 Cr | ₹37 Cr | ₹38 Cr | ₹42 Cr | ₹41 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 2% to 10,981.
- Promoters
- 40.8%
- DIIs
- 0.0%
- Public
- 59.2%
Since Jun 2025
- Promoters −0.04 pp
- Public +0.04 pp
- DIIs 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 40.7%, DIIs 0.0%, Public 59.3%.Dec '23: Promoters 40.8%, DIIs 0.0%, Public 59.2%.Mar '24: Promoters 40.8%, DIIs 0.0%, Public 59.2%.Jun '24: Promoters 40.8%, DIIs 0.0%, Public 59.2%.Sep '24: Promoters 40.8%, DIIs 0.0%, Public 59.2%.Dec '24: Promoters 40.8%, DIIs 0.0%, Public 59.2%.Mar '25: Promoters 40.8%, DIIs 0.0%, Public 59.2%.Jun '25: Promoters 40.8%, DIIs 0.0%, Public 59.2%.Sep '25: Promoters 40.8%, DIIs 0.0%, Public 59.2%.Dec '25: Promoters 40.8%, DIIs 0.0%, Public 59.2%.Mar '26: Promoters 40.8%, DIIs 0.0%, Public 59.2%.Jun '26: Promoters 40.8%, DIIs 0.0%, Public 59.2%.
Who is on the register
Named in the Jun 2026 filing
Every holder of El Forge Ltd. above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Chendur Forgings Limited | 31.52% | unchanged |
| Prime Securities Limited | 4.98% | unchanged |
| V Srikanth | 2.90% | unchanged |
| Philip Samuel | 2.25% | unchanged |
| Nandini Srikanth | 1.69% | unchanged |
| Srihari K R | 1.67% | unchanged |
| V Ramachandran | 1.63% | unchanged |
| Statin Enterprise LLP | 1.35% | unchanged |
| Anil Kantiprasad Poddar | 1.19% | unchanged |
| K V Ramachandran | 0.66% | unchanged |
| V Subha | 0.56% | unchanged |
| K V Srikanth | 0.07% | unchanged |
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.
Learn to analyse El Forge Ltd.
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