Amic Forging
BSE: AMIC · Castings & Forgings
Snapshot
Unlock Amic Forging's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
AMIC Forging Ltd. is a manufacturer of forging components, specialising in the production of rounds, shafts, blanks, and finished engineering spare parts. The company serves a diverse range of heavy industrial sectors, including power generation, oil and gas, and the steel industry.
Business Model
The company generates revenue through the manufacturing and supply of bespoke forging components tailored to the technical specifications of heavy engineering and industrial clients. It operates as a B2B supplier providing critical engineering spares for infrastructure and process-heavy industries.
Growth Outlook
Growth is primarily driven by sustained demand for heavy engineering components across the power, petrochemical, and infrastructure sectors. The company aims to leverage its manufacturing capabilities to capture opportunities arising from industrial expansion in India.
Key Risks
- Raw Material Price Volatility. Fluctuations in the prices of steel and other raw materials can significantly impact the company's operating margins.
- Cyclical Industrial Demand. The company's performance is highly dependent on the capital expenditure cycles of the heavy engineering and power sectors.
- Operational Hazards. The forging process involves high-intensity manufacturing activities that carry inherent risks of workplace accidents and equipment failure.
- Competitive Pressure. The forging industry is fragmented, exposing the company to intense price competition from both domestic and international manufacturers.
Price
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Peers · Castings & Forgings
| Company | Mkt Cap (Cr) | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Amic ForgingAMIC | — | — | — | — | 30.0% | — | — | +12.1% |
AIA Engineering Ltd.AIAENG | 31,617 | 35.11 | 25.65 | 3.1% | 39.1% | 17.6% | 22.0% | +41.2% |
Happy Forgings LimitedHAPPYFORGE | 11,411 | 50.29 | 30.89 | 9.8% | 32.4% | 15.7% | 21.0% | +71.2% |
Balu Forge Industries LimitedBALUFORGE | 5,182 | 18.74 | 15.60 | 19.9% | 30.0% | 21.8% | 26.6% | -34.8% |
SteelcastSTEELCAS | 2,206 | 18.45 | 23.65 | 12.5% | 30.6% | 25.3% | 32.9% | -74.9% |
NelcastNELCAST | 1,038 | 23.80 | 10.67 | 6.1% | 9.4% | 8.6% | 14.4% | -7.5% |
As of Mar 2026
Financials
Amic Forging
BSE: AMIC · Castings & Forgings
Snapshot
Unlock Amic Forging's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
AMIC Forging Ltd. is a manufacturer of forging components, specialising in the production of rounds, shafts, blanks, and finished engineering spare parts. The company serves a diverse range of heavy industrial sectors, including power generation, oil and gas, and the steel industry.
Business Model
The company generates revenue through the manufacturing and supply of bespoke forging components tailored to the technical specifications of heavy engineering and industrial clients. It operates as a B2B supplier providing critical engineering spares for infrastructure and process-heavy industries.
Growth Outlook
Growth is primarily driven by sustained demand for heavy engineering components across the power, petrochemical, and infrastructure sectors. The company aims to leverage its manufacturing capabilities to capture opportunities arising from industrial expansion in India.
Key Risks
- Raw Material Price Volatility. Fluctuations in the prices of steel and other raw materials can significantly impact the company's operating margins.
- Cyclical Industrial Demand. The company's performance is highly dependent on the capital expenditure cycles of the heavy engineering and power sectors.
- Operational Hazards. The forging process involves high-intensity manufacturing activities that carry inherent risks of workplace accidents and equipment failure.
- Competitive Pressure. The forging industry is fragmented, exposing the company to intense price competition from both domestic and international manufacturers.
Price
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Unlock AI insights, financials, peers and live data on Amic Forging and 5,000+ companies — free.
Peers · Castings & Forgings
As of Mar 2026