FORGEAUTO
Forge Auto International financials
- Market cap
- ₹110 Cr
What Forge Auto International Ltd does
Forge Auto International manufactures customized closed-die hot forged components in carbon and alloy steel (1 kg to 20 kg) and aluminium forgings (500 gms to 6 kg) at its single manufacturing unit in Ludhiana, Punjab. It supplies these forged and machined components as an OEM supplier across automotive, tractor/agricultural machinery, railway, defence, construction equipment, heavy commercial vehicle and electric-vehicle customers, both domestically and via exports. In-house process capability spans forging (drop-forge hammers, electric screw presses, ring rolling), heat treatment, shot blasting, crack detection and CNC machining, run under ISO 9001, IATF 16949, ISO 14001 and ISO 45001 certification.
Segments
- Automotive Industry
- Agricultural Machinery
- Railway Industry
- Defence Industry
- Construction Equipment
- Heavy Commercial Vehicles
- Electric Vehicles
- Striking Tools
- Caster Wheel Components
- Container Components
- Manufacturing units
- 1 (Village Mangarh, Kohara-Machhiwara Road, Ludhiana, Punjab)
- Forging line equipment
- 6 Drop Forged Hammers, 4 Electric Screw Presses (1600 MT, 1000 MT, 2×630 MT) and 1 CNC Ring Rolling Machine
- Export markets
- 10 countries/regions beyond India — Germany, Denmark, France, Poland, Turkey, U.K., North America, Austria, Italy, South America
- Sectors served
- 10 — automotive, agricultural machinery, railway, defence, construction equipment, heavy commercial vehicles, electric vehicles, striking tools, caster wheel components, container components
- In-house process shops
- Die Shop, Forge Shop, Heat Treatment, Shot Blasting, Magna Flux Crack Detection (MPI), Machine Shop (CNCs/VMCs/SPM), Standard Room (CMM, height gauge, roughness tester)
- Forged component weight range
- Steel forgings 1–20 kg; aluminium forgings 0.5–6 kg
Quarterly results
| Line item | Q2 FY26 | Q4 FY26 |
|---|---|---|
| Revenue | 134 | 136 |
| EBITDA | 14 | 13 |
| Net profit | 6 | 6 |
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 −35.8% 1Y
1Y: ₹156.75 on 10 Sept 2025 → ₹100.7. High ₹170.1 (12 Sept 2025), low ₹68.5 (30 Mar 2026).
Balance sheet
| Year ending | FY26 |
|---|---|
| Equity capital | ₹11 Cr |
| Reserves | ₹59 Cr |
| Borrowings | ₹72 Cr |
| Other liabilities | ₹55 Cr |
| Total liabilities | ₹196 Cr |
| Fixed assets | ₹64 Cr |
| Capital work in progress | ₹0 Cr |
| Investments | ₹84 Cr |
| Other assets | ₹48 Cr |
| Total assets | ₹196 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 Mar 2026
Since Mar 2025, DIIs trimmed −0.83 pp while the public added +0.83 pp. The shareholder count shrank 30% to 511.
- Promoters
- 73.6%
- DIIs
- 5.7%
- Public
- 20.7%
Since Mar 2025
- DIIs −0.83 pp
- Public +0.83 pp
- Promoters 0.00 pp
How it drifted, 4 quarters
Over this window the public went from 15.2% to 20.7% — +5.6 pp.
Ownership split by quarter, oldest first. Oct '24: Promoters 73.6%, FIIs 0.9%, DIIs 10.3%, Public 15.2%.Mar '25: Promoters 73.6%, DIIs 6.5%, Public 19.9%.Sep '25: Promoters 73.6%, DIIs 5.4%, Public 21.0%.Mar '26: Promoters 73.6%, DIIs 5.7%, Public 20.7%.
Who bought this quarter
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Finavenue Capital Trust - Finavenue Growth Fund AIF +0.29 pp 5.66% held
The same filing shows 0 holders trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of Forge Auto International Ltd above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Parmod Gupta | 33.81% | unchanged |
| Rajan Mittal | 30.79% | unchanged |
| Rajan Mittal And Sons Huf . | 7.91% | unchanged |
| Finavenue Capital Trust - Finavenue Growth Fund AIF | 5.66% | +0.29 pp |
| Parmod Kumar Gupta And Sons . | 1.01% | unchanged |
| Shikha Gupta | 0.02% | unchanged |
| Jyoti Gupta | 0.02% | unchanged |
| Shivangi Mittal | 0.02% | unchanged |
| Rekha Mittal | 0.02% | unchanged |
| Ambika Gupta | 0.02% | unchanged |
| Nidhi Gupta | 0.02% | unchanged |
| Saroj Jain | 0.00% | 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 Forge Auto International Ltd
Guides on how to read this kind of business and the numbers that matter.