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Amforge Industries
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Amforge Industries Limited (AIL), which got incorporated on 21 Apr.'71 as Hakimrai Jaichand Forgings Pvt Ltd, took over the running business of the partnership firm, Hakimrai Jaichand, which was mainly engaged in the business of Steel Forgings. The name of the Company was changed to Amforge Industries Limited on December 9, 1995 and it became a public limited company on Jan. 16, 1986. Later in April 1994, Isha Steel Processors was amalgamated with Amforge Industries Ltd.
AIL is the second-largest manufacturer of forgings in the country. It produces a wide range of quality steel forgings from it's plants at Mumbai, Pune, Faridabad and Khopoli. In 1986, the Company went Public. It came out with a public issue of 14.19 lac 12.5% PCDs of Rs 100, aggregating Rs 14.19 cr, in Jul.'90. The proceeds of the issue were utilised to part-finance its Rs 25.19-cr expansion project to increase the forgings capacity to 35,000 tpa.
In 1996-97. after the initial phase of stabilization, the new precision forging plant at Chakan, Pune became fully operational. This year the company has also undertook an exercise aimed at improving operational efficiency and productivity with the help of an internationally reputed consulting firm.
In 2005-06, the Chakan Plant was demerged with and into Mahindra Automotive Steels Ltd. (MASL) from 01.04.2005. In Consideration of the same, the shareholders of the Company received 1 No. each of Equity Share of Rs.10/- each and 4% Redeemable Preference Share of Rs.31/- each for every equity share held in the Company.
Thereafter, the Company was carrying with its manufacturing activities of steel forgings for two wheeler Crankshafts, Connecting Rods, Bevel Gears, Bridge Fork Bottoms, etc. at its Chinchwad plant (Pune) Forging Capital of India, catering to automotive industry and thereafter the Plant ceased its operation in 2008. Thereafter, Dujon Commercial Private Limited was made wholly owned subsidiary of the Company since October, 2008.
Amforge Industries share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Amforge Industries indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Amforge Industries is valued compared to its competitors.
Amforge Industries PE ratio helps investors understand what is the market value of each stock compared to Amforge Industries 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Amforge Industries evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Amforge Industries generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Amforge Industries in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Amforge Industries shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Amforge Industries compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Amforge Industries over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Amforge Industries helps investors get an insight into when they can enter or exit the stock. Key components of Amforge Industries Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Amforge Industries shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Amforge Industries ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Amforge Industries provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Amforge Industries highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Amforge Industries .
The balance sheet presents a snapshot of Amforge Industries ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
Amforge Industries Net Interest Margin (NIM) tells about the profitability earned by all NBFCs and financial institutions. It represents the income generated by the bank from the difference between the interest earned on loans and the interest paid on public deposits. Net Interest Margin (NIM) is a metric that monitors the profitability generated from a bank's lending activities.
Non-Performing Assets (NPA) indicate the ratio of a bank's loans that are classified as non-performing. A lower NPA ratio reflects stronger asset quality and more effective risk management.
Capital Adequacy Ratio (CAR) is a metric to measure the bank's ability to absorb losses and still remain financially stable. A higher CAR shows that the bank is financially sound and can absorb potential losses.
Gross NPA is the percentage of total non-performing loans before provisioning, while net NPA is the percentage after provisioning. Lower gross and net NPA ratios indicate better loan quality.
Net NPA is the actual losses a bank has incurred due to NPA accounts. Lower the NPA, better the banks can maintain stable income from interest on loans.
CASA ratio tells how much of a bank's total deposits are in both current and savings accounts.
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