EL Forge
EL Forge (ELFORGE) share price was ₹21.30 at the 27 Oct 2026 close; P/E (TTM) 13.40; sector Consumer Discretionary. The share price rose 17.6% over the year to 27 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 40.77% of EL Forge in Jun 2026, unchanged from Mar 2026.
Peer Comparison
Consumer Discretionary › Auto Components › Auto Components & Equipments
| ₹158.63 | 38.22 | 1,67,425 Cr | 3.96 | 0.38% | 9.36% | 11.82% | 1,30,935 Cr | 4,556 Cr | |
| ₹47,185.00 | 58.89 | 1,39,177 Cr | 9.37 | 0.59% | 18.66% | 24.28% | 21,880 Cr | 2,363 Cr | |
| ₹1,738.60 | 117.71 | 84,960 Cr | 7.34 | 0.48% | 11.40% | 15.70% | 17,749 Cr | 715 Cr | |
| ₹1,097.50 | 52.71 | 63,387 Cr | 9.29 | 0.24% | 17.69% | 20.72% | 21,003 Cr | 1,291 Cr | |
| ₹3,545.70 | 42.93 | 55,421 Cr | 9.02 | 0.95% | 19.02% | 25.68% | 11,315 Cr | 1,292 Cr | |
| ₹872.60 | 72.72 | 54,461 Cr | 8.49 | 0.40% | 10.26% | 13.26% | 5,430 Cr | 746 Cr | |
| ₹2,120.00 | 67.65 | 41,037 Cr | 5.29 | 0.17% | 7.86% | 12.81% | 23,518 Cr | 1,109 Cr | |
| ₹21.65 | 13.62 | 44 Cr | 1.55 | 0.00% | 8.95% | 9.19% | 82 Cr | 3 Cr | |
| EL Forge (this company) | ₹21.65 | — | — | — | — | — | — | — | — |
| Median 9 companies | ₹1,097.50 | 55.80 | 59,404 Cr | 7.92 | 0.39% | 10.83% | 14.48% | 19,376 Cr | 1,200 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. How it works →
No Tapetide Score has been computed for this stock yet.
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
Overall
Bullish
Moving Averages
Neutral
Growth Rate
change over 1 year
change over 1 year
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 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 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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29 extracted metrics + investor summaries across FY15–FY27.
Documents
Frequently Asked Questions about EL Forge
What does EL Forge Ltd do?
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Company Information
Incorporated in 1934, EL Forge Ltd is in the business of manufacture and sale of Steel Forgings.[1]
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