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EL Forge

ELFORGE BSE
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EL Forge (ELFORGE) share price was ₹21.60 at the 28 Oct 2026 close; market capitalisation ₹43.91 Cr; P/E (TTM) 13.58; sector Automobiles. The share price rose 19.4% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue rose 5.9% year on year to ₹21.83 Cr and net profit was ₹1.17 Cr, against ₹0.39 Cr a year earlier (compared with Jun 2025). Promoters held 40.78% of EL Forge in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 59/100 (Good) as of 28 Oct 2026.

Close 28 Oct 2026 ₹21.60 +3.40 +18.68% 1Y

Key Fundamentals

MicrocapAuto ComponentsConsumer Discretionary
Market Cap
₹43.91 Cr
P/E (TTM)
13.58
EBITDA
₹4.70 Cr
Return on Equity
8.95%
Debt to Equity
0
Book Value
₹13.97
EPS (TTM)
₹1.59
52W High
₹29.42
52W Low
₹12.10

Price-based figures as of 28 Oct 2026, 15:30 IST · EPS basis: Standalone · TTM

Peer Comparison

Consumer Discretionary › Automobiles › Auto Components › Auto Components & Equipments

₹158.3138.151,67,087 Cr3.950.38%9.36%11.82%1,30,935 Cr4,556 Cr
₹47,095.0058.781,38,912 Cr9.350.59%18.66%24.28%21,880 Cr2,363 Cr
₹1,729.40117.0984,511 Cr7.300.48%11.40%15.70%17,749 Cr715 Cr
₹1,098.0052.7463,416 Cr9.290.24%17.69%20.72%21,003 Cr1,291 Cr
₹3,545.2042.9355,413 Cr9.010.95%19.02%25.68%11,315 Cr1,292 Cr
₹871.6572.6454,402 Cr8.480.40%10.26%13.26%5,430 Cr746 Cr
₹2,117.8067.5740,995 Cr5.290.17%7.86%12.81%23,518 Cr1,109 Cr
EL Forge (this company)
—13.5844 Cr1.550.00%8.95%9.19%82 Cr3 Cr
Median 8 companies₹1,729.4055.7659,414 Cr7.890.39%10.83%14.48%19,376 Cr1,200 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

59 Good
Overall score

Data confidence 98/100

Category scores

Quality Average 54
Returns, margins, earnings quality 22% weight
Valuation Good 57
Cheap vs sector & own history 24% weight
Growth Average 46
Sales & profit trajectory 9% weight
Financial Health Strong 71
Solvency, leverage, coverage 9% weight
Momentum Strong 96
Trend strength, vol-adjusted 12% weight
Ownership Average 50
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company is almost debt free.

Weaknesses

2
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low

Technical Indicators

Oscillators

Bullish

Bearish
2
Neutral
4
Bullish
3

Overall

Bullish

Bearish
6
Neutral
4
Bullish
9

Moving Averages

Bullish

Bearish
4
Neutral
0
Bullish
6

Growth Rate

Revenue Growth
5.61% lower than 3Y

change over 1 year

Net Income Growth
4.35% lower than 3Y

change over 1 year

Cash Flow Change
30.83%

change over 1 year

EBITDA Margin Change
-0.34%

change over 1 year Operating margin 7.74% · Jun 2026

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
18.23
17.71
15.05
17.33
17.02
20.53
18.98
19.6
20.61
17.11
20.17
22.51
21.83
Expenses
16.64
16.52
14.05
16.13
16.01
19.51
17.94
18.64
19.75
16.36
19.32
20.74
20.14
Operating Profit
1.59
1.19
1
1.2
1.01
1.02
1.04
0.96
0.86
0.75
0.85
1.77
1.69
OPM %
8.72%
6.72%
6.64%
6.92%
5.93%
4.97%
5.48%
4.9%
4.17%
4.38%
4.21%
7.86%
7.74%
Other Income
-0.53
-0.22
-0.14
69.36
0.04
0.26
0.09
0.2
0.14
0.12
0.06
0.22
0.09
Interest
0.12
0.12
0.12
0.12
0.12
0.12
0.12
0.12
0.14
0.12
0.12
0.12
0.12
Depreciation
0.46
0.46
0.46
0.47
0.47
0.43
0.46
0.48
0.46
0.45
0.28
0.63
0.49
PBT
0.48
0.39
0.28
69.97
0.46
0.73
0.55
0.56
0.4
0.3
0.51
1.24
1.17
Tax %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
Net Profit
0.48
0.4
0.28
69.96
0.46
0.73
0.56
0.55
0.39
0.3
0.51
1.24
1.17
EPS (₹)
0.24
0.2
0.14
34.42
0.23
0.36
0.28
0.27
0.19
0.15
0.25
0.61
0.58
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
53.74
38.77
32.55
42.46
49.77
32.8
27.3
40.34
58.46
68.32
76.13
80.41
81.62
Expenses
59.52
42.71
35.37
45.04
48.99
34.95
38
39.31
54.6
63.32
72.1
76.18
76.56
Operating Profit
-5.78
-3.94
-2.82
-2.58
0.78
-2.15
-10.7
1.03
3.86
5
4.03
4.23
5.06
OPM %
-10.76%
-10.16%
-8.66%
-6.08%
1.57%
-6.55%
-39.19%
2.55%
6.6%
7.32%
5.29%
5.26%
6.2%
Other Income
-0.9
-1.3
-2.05
1.2
29.7
9.55
14.99
1.6
-0.88
68.44
0.59
0.53
0.49
Interest
1.35
1.29
2.89
3.4
0.61
0.2
0.46
0.43
0.4
0.48
0.48
0.5
0.48
Depreciation
9.74
9.54
8.22
6.85
6.61
6.59
6.12
6.17
4.89
1.84
1.84
1.83
1.85
PBT
-17.77
-16.07
-15.98
-11.63
23.26
0.61
-2.29
-3.97
-2.31
71.12
2.3
2.43
3.22
Tax %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Net Profit
-17.77
-16.07
-15.98
-11.63
23.26
0.61
-2.28
-3.97
-2.31
71.12
2.3
2.44
3.22
EPS (₹)
-8.74
-7.91
-7.86
-5.72
11.44
0.3
-1.12
-1.95
-1.14
34.99
1.13
1.2
1.59
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
20.32
20.32
20.32
20.32
20.32
20.32
20.32
20.32
20.32
20.32
20.32
20.32
Reserves
-54.99
-71.06
-84.81
-96.44
-73.18
-72.57
-74.85
-78.82
-81.13
2.16
4.45
6.89
Borrowings
154
152
140
133
42.45
21.66
12.11
12.11
12.11
0
0
0
Other Liabilities
39.47
41.4
44.42
36.08
94.06
92.07
82.89
83.29
85.82
15.48
14.45
13.57
Total Liabilities
158
143
120
93.09
83.65
61.48
40.47
36.9
37.12
37.96
39.22
40.78
Fixed Assets
89.77
78.21
55.8
47.09
41.02
34.57
31.99
26.56
23.47
22.01
21.43
21.26
CWIP
3.04
3.02
3.02
3.02
3.02
3.07
0
0
0
0
0
0.01
Investments
3.93
3.85
3.85
3.74
3.74
3.74
0
0
0
0
0
0.04
Other Assets
61.65
57.79
57.03
39.24
35.87
20.1
8.48
10.34
13.65
15.95
17.79
19.47
Total Assets
158
143
120
93.09
83.65
61.48
40.47
36.9
37.12
37.96
39.22
40.78
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-21.15
6.11
15.25
-11.32
36.31
21.03
6.24
0.02
3.34
1.22
2.4
3.14
Investing
1.51
0.38
2.52
1.99
-1.03
-0.21
-0.28
1.01
-2.04
-0.08
-0.89
-1.37
Financing
19.23
-6.56
-17.78
9.51
-35.14
-21
-5.32
-0.43
-0.4
-0.48
-0.48
-0.5
Net Cash Flow
-0.4
-0.07
0
0.17
0.14
-0.19
0.64
0.59
0.9
0.66
1.04
1.28
Free Cash Flow
-21.36
6.48
17.44
-9.42
35.77
20.84
5.78
-0.79
1.56
1
1.28
1.48
CFO/OP
366
-155
-541
439
4,655
-978
-58
2
87
24
60
74
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
102
124
171
38.51
34.18
36.5
18.18
18.01
23.6
29.06
29.34
30.14
Inventory Days
277
304
357
214
190
277
90.87
71.73
48.28
35.97
27.63
30.63
Days Payable
311
392
585
355
1,050
1,647
79.99
40.7
86.51
80.08
70.32
59.05
Cash Conversion Cycle
67.36
35.16
-56.78
-103
-825
-1,333
29.07
49.03
-14.63
-15.05
-13.35
1.72
Working Capital Days
-390
-618
-521
-777
-556
-920
-12.7
1.81
-0.69
2.83
11.12
18.52
ROCE %
-12.13%
-8.51%
-12.49%
-14.23%
-24.68%
—
—
—
—
—
11.17%
11.08%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view EL Forge insights

39 extracted metrics + investor summaries across FY15–FY27.

Shareholding Pattern

DIIs0.01%Public47.60%Others11.61%Promot.40.78%As ofSep 2026

Documents

Frequently Asked Questions about EL Forge

What does EL Forge Ltd do?
Incorporated in 1934, EL Forge Ltd is in the business of manufacture and sale of Steel Forgings.[1]
Where is EL Forge Ltd (ELFORGE) listed?
EL Forge Ltd trades under code ELFORGE on the BSE.
Which sector does EL Forge Ltd belong to?
EL Forge Ltd is classified under the Automobiles sector, in the Auto Components industry.
What is the market capitalisation of EL Forge Ltd?
EL Forge Ltd has a market capitalisation of ₹43.91 Cr as of 28 Oct 2026, which places it in the Small Cap band.
What is the PE ratio of EL Forge Ltd?
EL Forge Ltd trades at a PE ratio of 13.58 as of 28 Oct 2026, on earnings per share of ₹1.59, against a book value of ₹13.97 per share.
What is the 52-week high and low of EL Forge Ltd?
Over the last 52 weeks EL Forge Ltd has traded between ₹12.1 and ₹29.42 as of 28 Oct 2026.
What is the Return on Equity (ROE) of EL Forge Ltd?
EL Forge Ltd reported a return on equity of 8.95%. Its debt-to-equity ratio is 0.00.

Company Information

Incorporated in 1934, EL Forge Ltd is in the business of manufacture and sale of Steel Forgings.[1]

Website elforge.com
CEO Mr. K. R. Srihari
Employees 146
Face Value ₹ 10
Shares Outstanding 2,03,28,975

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