El Forge share price & results
- Jun 2026
- Sept 2026
Tamil Nadu-based forgings manufacturer making forged metal components for the auto-components industry, with export sales to overseas buyers.
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 | 21.8 | +5.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 7.7 | +3.6 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 1.2 | +200.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | +164.5 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | −14.7 pts | Fiscal year | FY · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Revenue growth (YoY) | +16.5 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Price
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).
- Previous close
- ₹6.65
- Market cap
- ₹44 Cr
- 52-week range
- ₹6.35 – ₹8.2
Overview
- Symbol
- NSE:ELFORGE
- Industry
- Consumer Discretionary
- Exchange
- NSE
- Currency
- INR
What El Forge Ltd. does
Based on the company's own presentations, annual report and earnings calls.
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)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2009 to Mar 2014).
Financials
What the filings say
Net profit, year on year: +200% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 21 | 19 | 20 | 21 | 17 | 20 | 23 | 22 |
| Expenses | 20 | 18 | 19 | 20 | 16 | 19 | 21 | 20 |
| Operating profit | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 |
| Operating margin | 5.0% | 5.5% | 4.9% | 4.2% | 4.4% | 4.2% | 7.9% | 7.7% |
| Other income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Profit before tax | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 1 |
| Tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net profit | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 1 |
| EPS (₹ per share) | 0.36 | 0.28 | 0.27 | 0.19 | 0.15 | 0.25 | 0.61 | 0.58 |
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Sales | 68 | 76 | 80 |
| Expenses | 63 | 72 | 76 |
| Operating profit | 5 | 4 | 4 |
| Other income | 68 | 1 | 1 |
| Interest | 0 | 0 | 1 |
| Depreciation | 2 | 2 | 2 |
| Profit before tax | 71 | 2 | 2 |
| Net profit | 71 | 2 | 2 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 20 | 20 | 20 | 20 | 20 | 20 |
| Reserves | -79 | -81 | 2 | 4 | 5 | 7 |
| Borrowings | 12 | 12 | 0 | 0 | 0 | 0 |
| Other liabilities | 83 | 86 | 15 | 14 | 17 | 14 |
| Total liabilities | 37 | 37 | 38 | 39 | 42 | 41 |
| Fixed assets | 27 | 23 | 22 | 21 | 21 | 21 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 10 | 14 | 16 | 18 | 21 | 19 |
| Total assets | 37 | 37 | 38 | 39 | 42 | 41 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 6 | 0 | 3 | 1 | 2 | 3 |
| Cash from investing | -0 | 1 | -2 | -0 | -1 | -1 |
| Cash from financing | -5 | -0 | -0 | -0 | -0 | -0 |
| Net cash flow | 1 | 1 | 1 | 1 | 1 | 1 |
| Free cash flow | 6 | -1 | 2 | 1 | 1 | 1 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 18 | 18 | 24 | 29 | 29 | 30 |
| Inventory days | 91 | 72 | 48 | 36 | 28 | 31 |
| Days payable | 80 | 41 | 87 | 80 | 70 | 59 |
| Cash conversion cycle | 29 | 49 | -15 | -15 | -13 | 2 |
| Working capital days | -13 | 2 | -1 | 3 | 11 | 19 |
| Return on capital employed | — | — | — | — | 11.2% | 11.1% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Who owns it
Public hold 59.21% as of Sept 2026; institutions added 0.00 pts since Jun 2026.
- Promoters 40.78%
- Domestic institutions 0.01%
- Public 59.21%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- newly disclosed 1.48% held
- +0.25 pp 2.50% held
The same filing shows 1 holder trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of El Forge Ltd. above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 31.52% | unchanged | |
| 4.21% | −0.77 pp | |
| 2.90% | unchanged | |
| 2.50% | +0.25 pp | |
| 1.69% | unchanged | |
| 1.67% | unchanged | |
| 1.63% | unchanged | |
| 1.48% | newly disclosed | |
| 1.19% | unchanged | |
| 0.66% | unchanged | |
| 0.56% | unchanged | |
| 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.
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