EL Forge

What does EL Forge do?

EL Forge Ltd manufactures rough steel forgings for the automobile industry and operates in the micro-cap market. As of March 2025, it reported net sales of 20 Cr and a net profit of 1 Cr.

Overview:<BR>EL Forge Ltd is engaged in the manufacturing of rough steel forgings for the automobile industry and operates within the micro-cap market segment.<BR><BR>History:<BR>Incorporated in 1934, EL Forge Ltd, previously known as Ellore Electric Supply Company Limited, commenced its forging operations in 1963. The latest quarterly results reported net sales and profit for March 2025.<BR><BR>Financial Snapshot:<BR>Net Sales: 20 Cr (Quarterly Results - Mar 2025) <BR>Net Profit: 1 Cr (Quarterly Results - Mar 2025) <BR>Market Cap: Rs 46 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>Industry P/E: 33 <BR>Dividend Yield: 0.00% <BR>Debt Equity: 0.00 <BR>Return on Equity: 0.00% <BR>Price to Book: 0.00 <BR><BR>Contact Details:<BR>Address: 1A Sriperumbudur High Road, Kattangulathur Onrium Kancheepuram Tamil Nadu : 603204 <BR>Tel: 91-044-47112500 <BR>Email: EDF@ELFORGE.COM <BR>Website: http://www.elforge.com

When is the next results date for EL Forge?

No Upcoming Board Meetings

Has EL Forge declared dividend?

Yes, EL Forge Ltd has declared a dividend of 14% (₹1.40 per share) with an ex-date of September 12, 2008. The current dividend yield is 0%, and total returns have varied significantly, with a -34.03% return over the last 6 months and a 121.05% return over the last 2 years.

Yes, EL Forge Ltd has declared a dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 14%<BR>- Amount per share: 1.40<BR>- Ex-date: 12 Sep 08<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>Over the 6-month period, the price return was -34.03%, the dividend return was 0%, resulting in a total return of -34.03%.<BR><BR>In the 1-year period, the price return was 12.29%, the dividend return was 0%, leading to a total return of 12.29%.<BR><BR>For the 2-year period, the price return was 121.05%, the dividend return was 0%, which resulted in a total return of 121.05%.<BR><BR>During the 3-year period, the price return was 0%, the dividend return was 0%, culminating in a total return of 0.0%.<BR><BR>In the 4-year period, the price return was 0%, the dividend return was 0%, resulting in a total return of 0.0%.<BR><BR>For the 5-year period, the price return was 0%, the dividend return was 0%, leading to a total return of 0.0%.<BR><BR>Overall, while EL Forge Ltd did declare a dividend, the dividend yield is currently 0%. The total returns indicate significant variability, with a notable positive return over the 2-year period, but negative returns in the shorter 6-month timeframe.

What is the technical trend for EL Forge?

As of June 4, 2025, EL Forge's technical trend is mildly bearish, influenced by mixed signals from MACD and KST, with daily moving averages reinforcing a cautious outlook.

As of 4 June 2025, the technical trend for EL Forge has changed from bearish to mildly bearish. The weekly MACD indicates a mildly bullish stance, while the monthly MACD is mildly bearish, suggesting mixed signals. The Bollinger Bands show a mildly bearish trend on the weekly chart but bullish on the monthly, indicating potential volatility. Daily moving averages are mildly bearish, reinforcing the overall cautious outlook. The KST is mildly bullish weekly but mildly bearish monthly, adding to the mixed sentiment. The Dow Theory reflects a mildly bearish trend on the weekly timeframe with no trend on the monthly. Overall, the current technical stance is mildly bearish, driven primarily by the daily moving averages and the mixed signals from MACD and KST.

Why is EL Forge falling/rising?

As of 10-Jun, EL Forge Ltd's stock price is at 23.30, down 1.19% after a trend reversal following four days of gains. Despite a recent 9.70% weekly return, it remains down 29.61% year-to-date, indicating ongoing challenges and decreased investor participation.

As of 10-Jun, EL Forge Ltd's stock price is currently at 23.30, reflecting a decline of 0.28, or 1.19%. The stock has recently experienced a trend reversal, falling after four consecutive days of gains. In terms of performance, it has underperformed its sector by 1.55% today. The stock's delivery volume has also decreased significantly, with a drop of 28.92% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has shown a strong return of 9.70%, but it remains down 29.61% year-to-date, suggesting ongoing challenges despite recent short-term gains.<BR><BR>Broader Market Context: In comparison to the benchmark Sensex, which has increased by 2.05% over the past week, EL Forge's short-term performance is notably stronger. However, the stock's year-to-date performance is significantly lagging behind the Sensex's 5.44% increase. This disparity highlights the stock's volatility and the potential impact of broader market conditions on its price movements. Overall, while the stock has shown some positive momentum recently, the recent decline and lower investor engagement suggest caution among investors.

Who are the peers of the EL Forge?

EL Forge's peers include Jagan Lamps, Rasandik Engg., G S Auto Intl., Jainex Aamcol, Sibar Auto Parts, Amforge Inds., ASL Industries, Mandeep Auto, and Lak. Prec. Screw, with Jainex Aamcol showing the best management and growth metrics, while EL Forge's 1-year return is 1.42%, lower than Jainex Aamcol's 30.23% but higher than Sibar Auto Parts' -28.36%.

Peers: The peers of EL Forge are Jagan Lamps, Rasandik Engg., G S Auto Intl., Jainex Aamcol, Sibar Auto Parts, Amforge Inds., ASL Industries, Mandeep Auto, and Lak. Prec. Screw.<BR><BR>Quality Snapshot: Good management risk is observed at Jainex Aamcol, while Average management risk is found at Mandeep Auto, and the rest have Below Average management risk. For growth, Jainex Aamcol shows Good growth, while G S Auto Intl. has Good growth, and the rest exhibit Below Average growth. In terms of capital structure, Amforge Inds., ASL Industries, and Lak. Prec. Screw do not qualify, while Jagan Lamps has a Good capital structure, and the rest have Below Average capital structure.<BR><BR>Return Snapshot: Jainex Aamcol has the highest 1-year return at 30.23%, while Sibar Auto Parts has the lowest at -28.36%. EL Forge's 1-year return of 1.42% is significantly lower than Jainex Aamcol's but higher than Sibar Auto Parts'. Additionally, several peers, including Jagan Lamps, Rasandik Engg., G S Auto Intl., Sibar Auto Parts, and Lak. Prec. Screw, have negative six-month returns.

Who are in the management team of EL Forge?

As of March 2023, the management team of EL Forge includes V Srikanth (Chairman), K V Ramachandran (Vice Chairman & Managing Director), Shubha Ganesh (Independent Director), and S Balan (Independent Non Executive Director), with K V Ramachandran receiving a remuneration of 76.95 lacs INR.

As of March 2023, the management team of EL Forge includes the following members:<BR><BR>1. V Srikanth - Chairman & Non Executive Director<BR>2. K V Ramachandran - Vice Chairman & Managing Director<BR>3. Shubha Ganesh - Independent Director<BR>4. S Balan - Independent Non Executive Director<BR><BR>K V Ramachandran is the only member with a remuneration listed, receiving 76.95 lacs INR.

Who are the top shareholders of the EL Forge?

The top shareholders of EL Forge are Chendur Forgings Limited with 31.52%, followed by Prime Securities Limited at 4.98%, and individual investors holding 46.65%. There are no pledged promoter holdings or foreign institutional investors.

The top shareholders of EL Forge include Chendur Forgings Limited, which holds the largest stake at 31.52%. The highest public shareholder is Prime Securities Limited, owning 4.98%. Additionally, individual investors collectively hold 46.65% of the shares. There are no pledged promoter holdings or foreign institutional investors involved in the company.

How big is EL Forge?

As of 24th July, EL Forge Ltd has a market capitalization of 46.00 Cr, classifying it as a Micro Cap company, with recent net sales of 76.13 Cr and a net profit of 2.30 Cr over the latest four quarters. Shareholder's funds and total assets data are unavailable.

As of 24th July, <BR><BR>Market Cap: EL Forge Ltd has a market capitalization of 46.00 Cr, categorizing it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 76.13 Cr, while the sum of Net Profit for the same period is 2.30 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period for the latest annual data is not specified, and the values for Shareholder's Funds and Total Assets are unavailable.

How has been the historical performance of EL Forge?

EL Forge has experienced a significant decline in financial performance from 2011 to 2015, with net sales dropping from 122.79 Cr in June 2011 to 53.75 Cr in March 2015, resulting in increasing losses and negative earnings per share. The company's total expenditure rose, leading to an operating profit of -4.61 Cr and a profit before tax of -17.77 Cr in March 2015.

Answer:<BR>The historical performance of EL Forge shows a declining trend in net sales and profitability over the years, particularly from 2011 to 2015. In March 2015, net sales were reported at 53.75 Cr, a significant decrease from 83.35 Cr in March 2014 and 122.79 Cr in June 2011. Total operating income followed a similar pattern, dropping to 53.75 Cr in March 2015 from 90.93 Cr in March 2014. The company faced increasing total expenditure, which reached 58.57 Cr in March 2015, up from 86.08 Cr in March 2014. This led to an operating profit (PBDIT) of -4.61 Cr in March 2015, compared to a positive 5.75 Cr in March 2014. The profit before tax also worsened, showing a loss of -17.77 Cr in March 2015, compared to -10.61 Cr in March 2014. Consequently, the profit after tax was -17.77 Cr in March 2015, reflecting a negative trend in profitability. The earnings per share (EPS) also deteriorated, reaching -8.62 in March 2015 from -5.22 in March 2014.<BR><BR>Breakdown:<BR>EL Forge's financial metrics indicate a troubling decline in performance over the years. The company's net sales have decreased significantly from 122.79 Cr in June 2011 to just 53.75 Cr in March 2015. This decline in revenue is mirrored by a drop in total operating income, which fell from 106.61 Cr in June 2012 to 53.75 Cr in March 2015. The total expenditure has increased, leading to an operating profit margin that turned negative, with an operating profit of -4.61 Cr in March 2015. The losses continued down the line, with profit before tax at -17.77 Cr and profit after tax also at -17.77 Cr in March 2015. The earnings per share reflect this downward trend, worsening from -5.22 in March 2014 to -8.62 in March 2015. Overall, EL Forge's financial results depict a company struggling with declining sales and increasing losses.

Which are the latest news on EL Forge?