Forge Auto

  • Market Cap: Micro Cap
  • Industry: Castings & Forgings
  • ISIN: INE0YKW01013
  • NSEID: FORGEAUTO
  • BSEID:
INR
121.00
0.00 (0.00%)
BSENSE

Dec 05

BSE+NSE Vol: 1200

  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

1.2 k (-78.26%) Volume

Shareholding (Sep 2025)

FII

0.00%

Held by 0 FIIs

DII

5.37%

Held by 0 DIIs

Promoter

73.63%

Who are the top shareholders of the Forge Auto?

06-Jun-2025

The top shareholders of Forge Auto are mainly the promoters, who hold the majority of shares without any pledges. Individual investors own 14.09% of the shares, but specific details about the highest promoter holding or notable public shareholders are not available.

The top shareholders of Forge Auto are primarily the promoters, as they hold the majority of the shares. There are no pledged promoter holdings, and the company does not have any mutual funds or foreign institutional investors (FIIs) holding shares. Individual investors collectively hold 14.09% of the shares. However, there is no specific information available about the promoter with the highest holding or any notable public shareholders.

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When is the next results date for Forge Auto?

06-Jun-2025

No Upcoming Board Meetings

Has Forge Auto declared dividend?

06-Jun-2025

No Dividend History Available

What is the technical trend for Forge Auto?

09-Jun-2025

As of May 28, 2025, Forge Auto's technical trend has shifted to mildly bullish, supported by a positive MACD and Bollinger Bands, despite some caution from RSI and OBV indicators.

As of 28 May 2025, the technical trend for Forge Auto has changed from mildly bearish to mildly bullish. The weekly MACD indicates a mildly bullish stance, and the Bollinger Bands also support this bullish outlook. The stock has shown a strong performance over the past month with a return of 19.74%, significantly outperforming the Sensex's 4.56% return. Current price action is near the daily high of 91.50, suggesting upward momentum. However, the absence of signals in the RSI and no trend in Dow Theory and OBV indicates some caution. Overall, the current technical stance is mildly bullish, supported by the MACD and Bollinger Bands.

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Who are the peers of the Forge Auto?

16-Jul-2025

Peers of Forge Auto include Tirupati Forge, Kalyani Forge, Hilton Met.Forg., Sharp Chucks, Gujarat Intrux, Nitin Castings, Inv.& Prec.Cast., Krishanveer Forg, and Samrat Forgings. Tirupati Forge shows excellent management and growth, while Hilton Met.Forg. has below-average management risk and the lowest 1-year return among peers.

Peers: The peers of Forge Auto are Tirupati Forge, Kalyani Forge, Hilton Met.Forg., Sharp Chucks and, Gujarat Intrux, Nitin Castings, Inv.& Prec.Cast., Krishanveer Forg, and Samrat Forgings.<BR><BR>Quality Snapshot: Excellent management risk is observed at Tirupati Forge and Gujarat Intrux, while Average management risk is found at Kalyani Forge, Sharp Chucks and, Nitin Castings, Inv.& Prec.Cast., Krishanveer Forg, and Samrat Forgings, and Below Average management risk is noted at Hilton Met.Forg. Growth is excellent at Tirupati Forge, average at Kalyani Forge and Sharp Chucks and, and good at Nitin Castings, while below average growth is seen at Forge Auto, Hilton Met.Forg., Gujarat Intrux, Inv.& Prec.Cast., Krishanveer Forg, and Samrat Forgings. Capital structure is excellent at Gujarat Intrux and Nitin Castings, good at Tirupati Forge, and below average at Kalyani Forge, Hilton Met.Forg., Forge Auto, Sharp Chucks and, Inv.& Prec.Cast., Krishanveer Forg, and Samrat Forgings.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Tirupati Forge at 32.09%, while the lowest is Hilton Met.Forg. at -26.67%. Forge Auto's 1-year return is not available for comparison. Additionally, peers with negative six-month returns include Hilton Met.Forg., Sharp Chucks and, and Samrat Forgings.

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What does Forge Auto do?

17-Jul-2025

Forge Auto International Ltd operates in the castings and forgings industry as a micro-cap company, recently restructured from a partnership to a private limited company. It currently has no reported sales or profits, with a market cap of INR 114 Cr and key metrics indicating a P/E of 16.00 and a debt-equity ratio of 1.92.

Overview:<BR>Forge Auto International Ltd operates in the castings and forgings industry and is categorized as a micro-cap company.<BR><BR>History:<BR>Forge Auto International Ltd was originally formed as a Partnership Firm named "M/s Auto International" on April 19, 2001. It was later converted into a Private Company, receiving the name `Forge Auto International Private Limited` with a fresh Certificate of Incorporation dated April 25, 2023. There is no sales or profit data reported for any quarter.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: N/A<BR>Most recent Net Profit: N/A<BR>Market-cap value: INR 114 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 16.00<BR>Industry P/E: 32<BR>Dividend Yield: 0.00%<BR>Debt-Equity: 1.92<BR>Return on Equity (ROE): 45.80%<BR>Price-to-Book: 7.64<BR><BR>Contact Details:<BR>Registrar Address: Not available.

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How big is Forge Auto?

24-Jul-2025

As of 24th July, Forge Auto International Ltd has a market capitalization of 149.00 Cr, classifying it as a Micro Cap company, with no available financial data for Net Sales and Net Profit for the latest four quarters. The balance sheet as of March 2024 shows Shareholder's Funds of 20.81 Cr and Total Assets of 101.49 Cr.

As of 24th July, <BR><BR>Market Cap: Forge Auto International Ltd has a market capitalization of 149.00 Cr, categorizing it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: There is no valid financial data available for Net Sales and Net Profit for the latest four quarters.<BR><BR>Balance Sheet Snapshot: The reporting period is March 2024, with Shareholder's Funds amounting to 20.81 Cr and Total Assets totaling 101.49 Cr.

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How has been the historical performance of Forge Auto?

15-Nov-2025

Forge Auto has shown positive growth in net sales and profitability over the past three years, with net sales increasing from 176.65 Cr to 209.89 Cr and profit after tax rising from 4.96 Cr to 9.53 Cr. However, cash flow from operating activities turned negative in Mar'25, indicating challenges in cash management.

Answer:<BR>The historical performance of Forge Auto shows a positive trend in key financial metrics over the past three years.<BR><BR>Breakdown:<BR>Forge Auto's net sales increased from 176.65 Cr in Mar'23 to 209.89 Cr in Mar'25, indicating a growth trajectory. Total operating income followed a similar pattern, rising from 176.65 Cr to 209.89 Cr during the same period. However, raw material costs also increased significantly, from 112.91 Cr in Mar'23 to 134.47 Cr in Mar'25. Despite this, the operating profit (PBDIT) improved from 12.39 Cr in Mar'23 to 20.53 Cr in Mar'25, reflecting an enhanced operating profit margin that rose from 6.45% to 8.46%. Profit before tax also saw a notable increase, climbing from 6.93 Cr in Mar'23 to 13.20 Cr in Mar'25, while profit after tax rose from 4.96 Cr to 9.53 Cr, resulting in a PAT margin improvement from 2.81% to 4.54%. On the balance sheet, total liabilities increased from 94.94 Cr in Mar'24 to 134.99 Cr in Mar'25, driven by higher shareholder's funds which grew from 20.58 Cr to 58.23 Cr. The company's cash flow from operating activities turned negative in Mar'25 at -7.00 Cr, contrasting with a positive cash flow of 7.00 Cr in Mar'24, although net cash inflow for Mar'25 was 1.00 Cr, up from 0.00 Cr in the previous year. Overall, Forge Auto has demonstrated growth in sales and profitability, despite challenges in cash flow management.

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Is Forge Auto overvalued or undervalued?

18-Nov-2025

As of November 17, 2025, Forge Auto is considered overvalued with a valuation grade of expensive, reflected in its PE ratio of 15.92 and EV to EBITDA of 10.45, despite strong stock performance outpacing the Sensex.

As of 17 November 2025, the valuation grade for Forge Auto has moved from very expensive to expensive. The company is currently considered overvalued based on its financial metrics. Key ratios include a PE ratio of 15.92, an EV to EBITDA of 10.45, and a ROE of 16.37%. <BR><BR>When compared to peers, Forge Auto's valuation appears high; for instance, Bharat Forge has a PE ratio of 61.18 and EV to EBITDA of 26.21, while CIE Automotive, which is rated attractive, has a PE of 20.38 and an EV to EBITDA of 12.10. Additionally, Forge Auto's recent stock performance has outpaced the Sensex, with a year-to-date return of 80.57% compared to the Sensex's 10.02%, which further highlights its current overvaluation.

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Which are the latest news on Forge Auto?

04-Dec-2025

Why is Forge Auto falling/rising?

05-Dec-2025

As of 04-Dec, Forge Auto International Ltd's stock price is slightly rising at 121.00, despite recent declines over the past week and month. Strong year-to-date performance, increased investor participation, and sector outperformance are contributing to this upward movement.

As of 04-Dec, Forge Auto International Ltd's stock price is rising slightly, currently at 121.00 with a change of 0.05 (0.04%) upwards. Despite a recent decline of 6.92% over the past week and 8.64% over the past month, the stock has shown strong year-to-date performance, increasing by 57.24%, significantly outperforming the Sensex, which has risen by only 10.10% in the same period. <BR><BR>Today's performance indicates that the stock has outperformed its sector by 0.8%, suggesting positive momentum. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 17.19% compared to the 5-day average. This increase in trading activity may contribute to the upward price movement. <BR><BR>While the stock is currently above its 200-day moving average, it remains below its shorter-term moving averages (5-day, 20-day, 50-day, and 100-day), indicating mixed signals in terms of short-term trends. However, the liquidity of the stock remains adequate for trading, which can also support price stability and potential rises. Overall, the combination of strong year-to-date performance, increased investor participation, and sector outperformance are contributing factors to the current rise in Forge Auto's stock price.

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iScoreScore
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Strong Sell
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Stock DNA
stock-summary
Industry

Castings & Forgings

stock-summary
Market cap

INR 132 Cr (Micro Cap)

stock-summary
P/E

14.00

stock-summary
Industry P/E

35

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

0.57

stock-summary
Return on Equity

15.06%

stock-summary
Price to Book

2.09

Revenue and Profits:
Net Sales:
(Quarterly Results - )
Net Profit:
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-18.38%
0%
-18.38%
6 Months
30.81%
0%
30.81%
1 Year
35.96%
0%
35.96%
2 Years
0%
0%
0.0%
3 Years
0%
0%
0.0%
4 Years
0%
0%
0.0%
5 Years
0%
0%
0.0%

Forge Auto for the last several years.

Risk Adjusted Returns v/s stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryNews & Corporate Actions
News

Why is Forge Auto falling/rising?

Strong Year-to-Date and Annual Returns Drive Investor Confidence

Despite a modest decline over the past week and month, Forge Auto's stock has delivered exceptional returns year-to-date, appreciating by 75.11%, markedly outpacing the Sensex's 10.25% gain over the same period. Over the last twelve months, the stock has surged 62.35%, compared to the benchmark's 11.64% rise. These figures underscore the company's strong growth trajectory and have likely contributed to renewed investor interest, culminating in today's sharp price increase.

Outperformance Against Sector and Moving Average Trends

On 21-Nov, Forge Auto outperformed its sector by 8.96%, signalling a positive shift in market sentiment towards the stock. The share price currently trades ...

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Announcements stock-summary
Icon
No announcement available
Corporate Actions stock-summary
stock-summary
BOARD MEETING

No Upcoming Board Meetings

stock-summary
DIVIDEND

No Dividend history available

stock-summary
SPLITS

No Splits history available

stock-summary
BONUS

No Bonus history available

stock-summary
RIGHTS

No Rights history available

stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
9.00%
EBIT Growth (5y)
25.20%
EBIT to Interest (avg)
3.06
Debt to EBITDA (avg)
2.02
Net Debt to Equity (avg)
0.58
Sales to Capital Employed (avg)
2.17
Tax Ratio
27.80%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
5.37%
ROCE (avg)
15.31%
ROE (avg)
23.88%
Valuation key factors
Factor
Value
P/E Ratio
14
Industry P/E
Price to Book Value
2.09
EV to EBIT
11.50
EV to EBITDA
9.47
EV to Capital Employed
1.69
EV to Sales
0.80
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
14.73%
ROE (Latest)
15.06%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
RSI
Bearish
No Signal
Bollinger Bands
Bearish
Moving Averages
Mildly Bullish (Daily)
KST
Mildly Bearish
Dow Theory
No Trend
No Trend
OBV
Mildly Bearish
Mildly Bearish
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Sep 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 0 Schemes

FIIs

Held by 0 FIIs

Promoter with highest holding

Parmod Gupta (33.81%)

Highest Public shareholder

Finavenue Capital Trust - Finavenue Growth Fund (5.37%)

Individual Investors Holdings

17.6%

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "alert": "No Quarterly Results declared by Forge Auto"
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "header": "Half Yearly Results Snapshot (Standalone) - Sep'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": " Growth in half year ended Sep 2025 is 3.55% vs -2.23% in Mar 2025",
        "dir": 1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": " Growth in half year ended Sep 2025 is -8.18% vs 36.48% in Mar 2025",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Sep'25",
        "Mar'25",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "107.44",
          "val2": "103.76",
          "chgp": "3.55%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "10.18",
          "val2": "9.53",
          "chgp": "6.82%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "2.04",
          "val2": "2.38",
          "chgp": "-14.29%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "5.05",
          "val2": "5.50",
          "chgp": "-8.18%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "9.48%",
          "val2": "9.18%",
          "chgp": "0.30%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "alert": "No Nine Monthly Results declared by Forge Auto"
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Standalone) - Mar'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2025 is 23.89% vs -4.09% in Mar 2024",
        "dir": 1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2025 is 47.52% vs 30.24% in Mar 2024",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Mar'25",
        "Mar'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "209.89",
          "val2": "169.42",
          "chgp": "23.89%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "17.75",
          "val2": "13.39",
          "chgp": "32.56%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "4.19",
          "val2": "3.90",
          "chgp": "7.44%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "9.53",
          "val2": "6.46",
          "chgp": "47.52%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "8.46%",
          "val2": "7.90%",
          "chgp": "0.56%",
          "chgp_class": "positive"
        }
      ]
    }
  }
]
Half Yearly Results Snapshot (Standalone) - Sep'25stock-summary
Sep'25
Mar'25
Change(%)
Net Sales
107.44
103.76
3.55%
Operating Profit (PBDIT) excl Other Income
10.18
9.53
6.82%
Interest
2.04
2.38
-14.29%
Exceptional Items
0.00
0.00
Standalone Net Profit
5.05
5.50
-8.18%
Operating Profit Margin (Excl OI)
9.48%
9.18%
0.30%
Values in Rs Cr.
Direction Arrows
Net Sales

Growth in half year ended Sep 2025 is 3.55% vs -2.23% in Mar 2025

Direction Arrows
Standalone Net Profit

Growth in half year ended Sep 2025 is -8.18% vs 36.48% in Mar 2025

Annual Results Snapshot (Standalone) - Mar'25stock-summary
Mar'25
Mar'24
Change(%)
Net Sales
209.89
169.42
23.89%
Operating Profit (PBDIT) excl Other Income
17.75
13.39
32.56%
Interest
4.19
3.90
7.44%
Exceptional Items
0.00
0.00
Standalone Net Profit
9.53
6.46
47.52%
Operating Profit Margin (Excl OI)
8.46%
7.90%
0.56%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2025 is 23.89% vs -4.09% in Mar 2024

Direction Arrows
Standalone Net Profit

YoY Growth in year ended Mar 2025 is 47.52% vs 30.24% in Mar 2024

stock-summaryCompany CV
About Forge Auto International Ltd stock-summary
stock-summary
Forge Auto International Ltd
Micro Cap
Castings & Forgings
Forge Auto International Limited was originally formed as a Partnership Firm in the name and style of "M/s Auto International" pursuant to Partnership Deed dated April 19, 2001. Later, the Firm was converted into a Private Company with the name `Forge Auto International Private Limited' pursuant to a fresh Certificate of Incorporation dated April 25, 2023 issued by the Registrar of Companies, Chandigarh, Punjab.
Company Coordinates stock-summary
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No Company Details Available