--- title: "S S Forgings & Engineering Ltd (522296) — Share Price, Financials & Analysis" symbol: "522296" company: "S S Forgings & Engineering Ltd" canonical: "https://tapetide.com/stocks/522296" isin: "INE233G01016" bse_code: "522296" generated_at: "2026-10-13T11:53:09.961Z" --- # S S Forgings & Engineering Ltd (522296) Canonical page: https://tapetide.com/stocks/522296 ## Company - **BSE Code:** 522296 - **ISIN:** INE233G01016 - **Stock Type:** EQUITY - **Listed Since:** 2007-06-05 - **Face Value:** ₹10 - **F&O Eligible:** No - **Website:** ssforgings.com ## About SS Forgings & Engineering Limited, incorporated in India, Listed on the Bombay Stock exchange Limited, the company is engaged in manufactures automobile ancillaries and forgings ## Latest Price ## Key Insights ### Strengths - Company is almost debt free. - Stock is trading at 0.16 times its book value ### Weaknesses - Company has low interest coverage ratio. - The company has delivered a poor sales growth of -44.8% over past five years. - Company has a low return on equity of -2.83% over last 3 years. - Company has high debtors of 5,556 days. - Working capital days have increased from 121 days to 317 days ## Growth Rates | Metric | 1Y | 3Y | 5Y | | --- | --- | --- | --- | | net income growth | -50% | — | — | | revenue growth | -98% | -65% | -45% | ## Financial Statements ### Quarterly Results All figures in ₹ crore unless the row name says otherwise. | Item | Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Sales | 0.5 | 0.55 | 0.02 | 0.03 | 0.4 | 0.06 | 0.03 | 0.01 | 0 | 0 | 0 | | Expenses | 0.5 | 0.53 | 0.01 | 0.02 | 0.42 | 0.04 | 0.02 | 0 | 0.04 | 0 | 0 | | Operating Profit | 0 | 0.02 | 0.01 | 0.01 | -0.02 | 0.02 | 0.01 | 0.01 | -0.04 | 0 | 0 | | OPM % | 0 | 3.64 | 50 | 33.33 | -5 | 33.33 | 33.33 | 100 | — | — | — | | Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | Depreciation | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0 | 0 | | Profit before tax | -0.02 | 0 | -0.01 | -0.01 | -0.04 | 0 | -0.01 | -0.01 | -0.06 | 0 | 0 | | Tax % | 0 | — | 0 | 0 | 0 | — | 0 | 0 | 0 | — | — | | Net Profit | -0.02 | 0 | 0 | 0 | -0.03 | 0 | -0.01 | -0.01 | -0.05 | 0 | 0 | | EPS in Rs | -0.03 | 0 | 0 | 0 | -0.04 | 0 | -0.01 | -0.01 | -0.06 | 0 | 0 | ### Profit & Loss All figures in ₹ crore unless the row name says otherwise. | Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | TTM | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Sales | 20.79 | 34.77 | 41.49 | 21.92 | 47.97 | 51.99 | 22.42 | 2.12 | 0.01 | | Expenses | 20.76 | 34.67 | 41.47 | 21.86 | 47.86 | 51.94 | 22.92 | 2.13 | 0.04 | | Operating Profit | 0.03 | 0.1 | 0.02 | 0.06 | 0.11 | 0.05 | -0.5 | -0.01 | -0.03 | | OPM % | 0.14 | 0.29 | 0.05 | 0.27 | 0.23 | 0.1 | -2.23 | -0.47 | -300 | | Other Income | 0.04 | 0.02 | 0.08 | 0.03 | 0.02 | 0 | 0 | 0 | 0 | | Interest | 0 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | Depreciation | 0 | 0 | 0 | 0 | 0.04 | 0.06 | 0.07 | 0.07 | 0.04 | | Profit before tax | 0.07 | 0.11 | 0.1 | 0.09 | 0.09 | -0.01 | -0.57 | -0.08 | -0.07 | | Tax % | 14.29 | 9.09 | 10 | 44.44 | 55.56 | 300 | 0 | -12.5 | — | | Net Profit | 0.06 | 0.1 | 0.09 | 0.05 | 0.04 | -0.04 | -0.57 | -0.07 | -0.06 | | EPS in Rs | 0.08 | 0.13 | 0.12 | 0.06 | 0.05 | -0.05 | -0.73 | -0.09 | -0.07 | | Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | ### Balance Sheet All figures in ₹ crore unless the row name says otherwise. | Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Equity Capital | 7.8 | 7.8 | 7.8 | 7.8 | 7.8 | 7.8 | 7.8 | 7.8 | | Reserves | 0.24 | 0.34 | 0.87 | 0.48 | 0.53 | 0.5 | -0.07 | -0.13 | | Borrowings | 0 | 0 | 0.21 | 0.52 | 0.31 | 0.05 | 0 | 0 | | Other Liabilities | 0.1 | 3.14 | 2.43 | 4.2 | 3.74 | 53.34 | 29.79 | 31.45 | | Total Liabilities | 8.14 | 11.28 | 11.31 | 13 | 12.38 | 61.69 | 37.52 | 39.12 | | Fixed Assets | 5.04 | 5.04 | 5.04 | 5.07 | 5.45 | 0.54 | 0.47 | 0.41 | | CWIP | 0 | 0 | 0 | 0 | 0 | 4.84 | 4.84 | 4.84 | | Investments | 0.48 | 0.55 | 0.55 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | | Other Assets | 2.62 | 5.69 | 5.72 | 7.43 | 6.43 | 55.81 | 31.71 | 33.37 | | Total Assets | 8.14 | 11.28 | 11.31 | 13 | 12.38 | 61.69 | 37.52 | 39.12 | ### Cash Flow All figures in ₹ crore unless the row name says otherwise. | Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Cash from Operating Activity | -0.02 | -0.34 | -0.01 | 0 | 0.61 | -0.04 | 0.02 | 0.03 | | Cash from Investing Activity | 0 | -0.06 | 0 | -0.03 | -0.42 | 0 | 0.04 | 0 | | Cash from Financing Activity | 0 | 0.43 | 0 | 0.02 | -0.2 | 0.03 | -0.05 | 0 | | Net Cash Flow | -0.02 | 0.03 | -0.01 | -0.01 | -0.01 | -0.01 | 0.01 | 0.03 | | Free Cash Flow | -0.02 | -0.34 | -0.01 | -0.03 | 0.19 | -0.04 | 0.02 | 0.03 | | CFO/OP | -33 | -330 | -50 | 67 | 600 | -80 | -4 | -300 | ### Ratios | Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Debtor Days | 18.61 | 28.45 | 27.1 | 62.94 | 18.64 | 381.01 | 498.66 | 5555.92 | | Inventory Days | 2.29 | 14.24 | 9.09 | 34.23 | 16.5 | 6.47 | 15.78 | 168.6 | | Days Payable | 1.59 | 18.46 | 21.26 | 69.48 | 27.8 | 374.49 | 483.41 | 5455.88 | | Cash Conversion Cycle | 19.32 | 24.23 | 14.92 | 27.7 | 7.34 | 12.98 | 31.02 | 268.63 | | Working Capital Days | 35.99 | 21.52 | 24.72 | 45.96 | 17.2 | 16.85 | 30.61 | 316.79 | | ROCE % | — | 1.73 | 1.18 | 1.02 | 1.03 | -0.12 | -7.09 | -1.04 | ## Shareholding Pattern ### annual | Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Promoters | 41.9% | 63.73% | 73.04% | 73.04% | 73.04% | 73.04% | 73.04% | 73.04% | 72.95% | 72.59% | | FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.13% | 0.06% | | Public | 58.1% | 36.27% | 26.96% | 26.96% | 26.96% | 26.96% | 26.96% | 26.97% | 26.93% | 27.34% | | No. of Shareholders | 811 | 459 | 629 | 656 | 793 | 1185 | 1324 | 1339 | 3740 | 7434 | ### Quarterly | Category | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Promoters | 73.04% | 73.04% | 73.04% | 73.04% | 73.04% | 73.04% | 73.04% | 73.02% | 72.95% | 72.87% | 72.84% | 72.59% | | FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.13% | 0.28% | 0.08% | 0.06% | | Public | 26.96% | 26.97% | 26.96% | 26.96% | 26.97% | 26.98% | 26.97% | 26.99% | 26.93% | 26.85% | 27.07% | 27.34% | | No. of Shareholders | 1324 | 1342 | 1342 | 1347 | 1339 | 1461 | 2024 | 2619 | 3740 | 5095 | 7056 | 7434 | ## Filings & Documents ### Other Documents | Date | Document | | --- | --- | | 2026-02-14 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cf2a65d4-7505-46a4-b3e1-f611805a41d7.pdf) | | 2026-02-13 | [Board Meeting Outcome for Meeting Of The Board Of Capital India Finance Limited Held On February 13, 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b0c42c16-2ec8-4471-b0c2-b8788046a470.pdf) | | 2026-02-13 | [Financial Results For The Quarter And Nine Months Period Ended On December 31, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e6f67014-ec90-4a52-a49e-70c99eff898a.pdf) | | 2026-02-12 | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4b59b705-e16b-4fbc-b6c4-759df03e239d.pdf) | | 2026-02-12 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/xml-data/corpfiling/AttachHis/504ce87b-93a5-4898-9329-02291d065a43.pdf) | | 2015-12-04 | [Financial Results for Sept 30, 2015 (Standalone)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=54E6F646_173B_4CF6_8193_4BC8A0B8BC1B_125602.pdf) | | 2015-12-04 | [Financial Results for Sept 30, 2015 (Standalone)](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2015/12/54E6F646_173B_4CF6_8193_4BC8A0B8BC1B_125602.pdf) | | 2015-10-23 | [Shareholding Pattern for September 30, 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ADDFA712_9467_48EB_8B11_1EAF58A36D6C_111734.pdf) | | 2015-10-23 | [Shareholding Pattern for September 30, 2015](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2015/10/ADDFA712_9467_48EB_8B11_1EAF58A36D6C_111734.pdf) | | 2015-09-22 | [Financial Results for June 30, 2015 (Standalone)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=213DE5E5_9465_44F8_8936_E8871CB0FE23_143203.pdf) | ### Annual Reports | Date | Document | | --- | --- | | 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4f9afa66-635a-4cae-830b-648172fcc4ab.pdf) | | 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1b8b05b5-ffc2-49ad-b9f1-a272f5c1a0fc.pdf) | | 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a645a2d1-731b-4d03-b326-67c4e6c8daa3.pdf) | | 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/530879/75100530879.pdf) | | 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/530879/71394530879.pdf) | | 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/530879/65533530879.pdf) | | Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/530879/5308790319.pdf) | | Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/530879/5308790318.pdf) | | Mar 2017 | [Financial Year 2017](https://www.bseindia.com/bseplus/AnnualReport/530879/5308790317.pdf) | | Mar 2016 | [Financial Year 2016](https://www.bseindia.com/bseplus/AnnualReport/530879/5308790316.pdf) | ### Earnings Call Documents | Date | Document | | --- | --- | | May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f49cc5bc-2a88-4a61-8e56-96af6ae4b960.pdf) | | Feb 2021 | [Concall - Feb 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/eb42c3ce-e898-480c-80d9-1c6040ebf4c0.pdf) | | Jun 2020 | [Concall - Jun 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c7d14db7-c1fe-4fc2-9685-33b5665d9e23.pdf) | | Nov 2019 | [Concall - Nov 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7595d124-c2c8-417d-9a6d-86f6008b74f6.pdf) | | Nov 2019 | [Concall - Nov 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/68c0b23b-ee5e-477e-b53c-b4e4457418ea.pdf) | | Dec 2017 | [Concall - Dec 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/12/c8d7bc83-b645-4d70-bd2d-0ea33dcf62f9.pdf) | ### Credit Rating Reports | Date | Document | | --- | --- | | 2025-10-22 | Credit rating update — Infomerics | | 2025-09-29 | Credit rating update — Acuité | | 2025-09-09 | Credit rating update — Infomerics | | 2025-05-21 | Credit rating update — Acuité | | 2025-04-18 | Credit rating update — Infomerics | | 2024-11-19 | Credit rating update — Acuité | --- 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 2026-10-13T11:53:09.961Z.