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EL Forge
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EL Forge Share price and Fundamental Analysis
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EL Forge Management and History
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Company History
EL Forge Ltd (the earlier name was Ellore Electric Supply Company Limited) incorporated during 1934, and started its forging operations during 1963. The Company is engaged in the business of manufacturing Rough Steel Forgings i.e., fuel injection forgings, steering rods, tie rods, engine and gear boxes, starter items etc. for automobile industry. The Company exports its products to the US, Germany, Sri Lanka, China, Malaysia, etc. It has a manufacturing unit at Appur Village, near Chennai. The present installed capacity of forgings is 12000 TPA.
The Company became the largest manufacturer of forgins in South India after the merger of Chendur Forge Export, a company in the same line of business with the company(with effective from April 1, 1995). To fund this acquisition of Chendur Forgings and financing the cost of machinery & to augment long-term working capital, the company came out with a rights issue at a premium of Rs.30 aggregating Rs.3.51 Cr in 1995.
In 1995-96, the installed capacity of forgings was expanded from 10,200 tpa to 18,200 tpa. And during 1998-99, the Company has put up an additional state of the art machinery and software in the tool room at a cost of Rs.167.75 lakhs.
On Qulity front, El Forge's all factories/plants are ISO 9000 accredited. Apart from this one of the plant is QS 9000 approved. Two more factories have been certified for QS 9000 and it is anticipated that all the five factories will be QS 9000 approved by March 2002.
The Company embarked on Modernization cum Expansion Plant at Attur, which got commissioned in 2006-07. Shakespeare Forgings Ltd, UK ceased to be a subsidiary company during the year due to drop in UK business in 2015.
EL Forge Share Price
EL Forge 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.
EL Forge Market Cap
Market capitalization of EL Forge 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 EL Forge is valued compared to its competitors.
EL Forge PE Ratio
EL Forge PE ratio helps investors understand what is the market value of each stock compared to EL Forge '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.
EL Forge PEG Ratio
The PEG ratio of EL Forge 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.
EL Forge ROE (Return on Equity)
Return on Equity (ROE) measures how effectively EL Forge generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
EL Forge ROCE (Return on Capital Employed)
Return on Capital Employed (ROCE) evaluates the profitability of EL Forge 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.
EL Forge Total Debt
Total debt of EL Forge 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.
EL Forge Debt to Equity Ratio
The Debt-to-Equity (DE) ratio of EL Forge 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.
EL Forge CAGR (Compound Annual Growth Rate)
CAGR shows the consistent growth rate of EL Forge 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.
EL Forge Technical Analysis
Technical analysis of EL Forge helps investors get an insight into when they can enter or exit the stock. Key components of EL Forge Technical Analysis include:
Support Levels (S1, S2, S3)
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.
Resistance Levels (R1, R2, R3)
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where EL Forge shares often struggle to rise above due to selling pressure.
EL Forge Dividends
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect EL Forge ’s financial health and profitability.
EL Forge Bonus Shares
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
EL Forge Stock Split
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.
EL Forge Financials
The financials of EL Forge 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.
EL Forge Profit and Loss Statements
The profit and loss statement of EL Forge 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 EL Forge .
EL Forge Balance Sheet
The balance sheet presents a snapshot of EL Forge ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
EL Forge Cashflow Statements
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.
SEBI REGISTERED RESEARCH ANALYST REGISTRATION NUMBER: INH000015729Disclaimer: "Investments in securities are subject to market risks. Read all the related documents carefully before investing." Receiving registration from SEBI and certification from NISM does not assure the performance of the intermediary or guarantee returns to investors in any manner. Compliance Email: [email protected]
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