---
title: "India Forge & Drop Stampings Ltd (504736) — Share Price, Financials & Analysis"
symbol: "504736"
company: "India Forge & Drop Stampings Ltd"
canonical: "https://tapetide.com/stocks/504736"
bse_code: "504736"
generated_at: "2026-10-13T11:01:40.703Z"
---

# India Forge & Drop Stampings Ltd (504736)

Canonical page: https://tapetide.com/stocks/504736

## Company

- **BSE Code:** 504736
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No

## About

India Forge & Drop Stampings Limited is engaged in manufactures steel forging and steel assembly.

## Latest Price

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 19.3% CAGR over last 5 years

### Weaknesses

- The company has delivered a poor sales growth of 1.95% over past five years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 53% | 60% | 19% |
| revenue growth | -3% | 6% | 2% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 37.88 | 24.03 | 16.67 | 83.81 | 64.09 | 78.36 | 34.27 | 24.08 | 15.32 |
| Expenses | 36.81 | 24.32 | 18.48 | 85.66 | 63.95 | 84.57 | 35.51 | 25.52 | 16.6 |
| Operating Profit | 1.07 | -0.29 | -1.81 | -1.85 | 0.14 | -6.21 | -1.24 | -1.44 | -1.28 |
| OPM % | 2.82 | -1.21 | -10.86 | -2.21 | 0.22 | -7.92 | -3.62 | -5.98 | -8.36 |
| Other Income | 0.38 | 2.49 | 2.59 | 0 | 0 | 0.05 | 0 | 0 | 0 |
| Interest | 1.1 | 0.47 | 0.33 | 0.09 | 0.09 | 0.18 | 0.11 | 0.1 | 0.08 |
| Depreciation | 0.36 | 0.55 | 0.3 | 0.29 | 0.07 | 0.07 | 0.03 | 0.02 | 0.01 |
| Profit before tax | -0.01 | 1.18 | 0.15 | -2.23 | -0.02 | -6.41 | -1.38 | -1.56 | -1.37 |
| Tax % | 0 | 42.37 | 26.67 | -10.31 | 250 | 0 | 2.9 | 13.46 | 1.46 |
| Net Profit | -0.01 | 0.69 | 0.11 | -2 | -0.08 | -6.42 | -1.42 | -1.77 | -1.39 |
| EPS in Rs | -0.06 | 0.67 | 0.06 | -1.17 | -0.05 | -3.77 | -0.83 | -1.04 | -0.56 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 104 | 100 | 91 | 107 | 121 | 111 | 112 | 127 | 137 | 133 |
| Expenses | 102 | 98 | 89 | 107 | 115 | 106 | 107 | 121 | 129 | 124 |
| Operating Profit | 3 | 2 | 2 | 0 | 6 | 5 | 5 | 6 | 8 | 10 |
| OPM % | 2.5 | 2.2 | 2.5 | 0.2 | 4.8 | 4.2 | 4.3 | 5 | 6 | 7 |
| Other Income | 1 | 1 | 1 | 2 | 0 | 1 | 1 | 1 | 1 | 1 |
| Interest | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 1 | 0 | 0 |
| Depreciation | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 2 |
| Profit before tax | 1 | 0 | 1 | -1 | 3 | 3 | 2 | 4 | 6 | 9 |
| Tax % | 101 | -2400 | 44 | 24 | 19 | 16 | 7 | 29 | 31 | 26 |
| Net Profit | 0 | 0 | 0 | -1 | 3 | 2 | 2 | 3 | 4 | 6 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | 11 | 11 | 11 | 10 | 13 | 15 | 17 | 20 | 24 | 30 |
| Borrowings | 0 | 0 | 2 | 4 | 0 | 4 | 4 | 4 | 4 | 2 |
| Other Liabilities | 23 | 25 | 18 | 19 | 18 | 24 | 21 | 18 | 20 | 18 |
| Total Liabilities | 37 | 39 | 35 | 36 | 35 | 46 | 45 | 44 | 51 | 53 |
| Fixed Assets | 11 | 9 | 13 | 12 | 12 | 12 | 12 | 13 | 16 | 15 |
| CWIP | 1 | 5 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 3 | 1 | 0 | 0 | 5 | 6 | 4 | 5 | 8 |
| Other Assets | 24 | 22 | 20 | 24 | 22 | 28 | 27 | 27 | 30 | 31 |
| Total Assets | 37 | 39 | 35 | 36 | 35 | 46 | 45 | 44 | 51 | 53 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 7 | 5 | -1 | -1 | 3 | 3 | 1 | 2 | 6 | 6 |
| Cash from Investing Activity | -4 | -7 | 0 | 0 | 0 | 0 | -3 | -2 | -5 | -4 |
| Cash from Financing Activity | -3 | 1 | 2 | 1 | 0 | 0 | 1 | -1 | 0 | -2 |
| Net Cash Flow | 0 | -1 | 1 | 0 | 3 | 3 | 0 | 0 | 1 | 1 |
| Free Cash Flow | 3 | 1 | -3 | -3 | 3 | 3 | -2 | -1 | 2 | 5 |
| CFO/OP | 323 | 241 | -32 | -640 | 55 | 59 | 24 | 56 | 101 | 80 |

### Ratios

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 32 | 39 | 29 | 39 | 35 | 43 | 45 | 39 | 40 | 46 |
| Inventory Days | 33 | 25 | 36 | 43 | 23 | 34 | 33 | 20 | 22 | 32 |
| Days Payable | 99 | 110 | 78 | 92 | 49 | 68 | 51 | 40 | 43 | 45 |
| Cash Conversion Cycle | -34 | -46 | -13 | -10 | 10 | 9 | 27 | 19 | 20 | 33 |
| Working Capital Days | 1 | -13 | 1 | 11 | 3 | -2 | 12 | 19 | 19 | 25 |
| ROCE % | 6 | 2 | 5 | -4 | 22 | 15 | 12 | 18 | 22 | 26 |

## Shareholding Pattern

### annual

| Category | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
| --- | --- | --- | --- | --- |
| Promoters | 60.12% | 60.12% | 60.12% | 49.1% |
| FIIs | 0% | 0.12% | 0% | 0% |
| Public | 39.88% | 39.76% | 39.89% | 50.9% |
| No. of Shareholders | 435 | 453 | 327 | 326 |

### Quarterly

| Category | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | May 2025 | Sep 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 60.12% | 60.12% | 60.12% | 60.12% | 60.12% | 60.12% | 49.1% | 49.1% |
| FIIs | 0% | 0% | 0% | 0.12% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0.23% | 0% | 0% | 0% |
| Public | 39.89% | 39.88% | 39.87% | 39.76% | 39.64% | 39.89% | 50.9% | 50.9% |
| No. of Shareholders | 402 | 435 | 482 | 453 | 424 | 327 | 341 | 326 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-02-12 | [Board Meeting Outcome for Outcome Of The Board Meeting Pursuant To Regulation 30 Of SEBI (Listing Obligations & Disclosures Requirements) Regulations, 2015.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d2dc7acc-f6e3-4ef5-9c89-ffa7950209fc.pdf) |
| 2026-02-12 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/xml-data/corpfiling/AttachHis/85200725-30f7-494a-8218-2f93ac41ff06.pdf) |
| 2026-01-12 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6250b18c-b7fa-4e77-ae83-cbdc8780f692.pdf) |
| 2025-12-01 | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1238715f-ab4d-4706-88a2-4e5f1b14971f.pdf) |
| 2025-12-01 | [Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a21d1534-4e65-4dee-8b7d-eb7f4f716c7f.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bd9e6fa7-b675-4ca0-a55a-4b5c778f2341.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6908efc0-904b-4831-bc88-26b066f9f968.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7609f121-cb5a-45ea-9eb9-27645dcdc46d.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f9b53617-cba5-4951-a72f-24053812de6f.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:01:40.703Z.