Forge Auto
: FORGEAUTO · Auto Components & Equipments
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Snapshot
Unlock Forge Auto's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Forge Auto International Limited is an engineering firm specialising in the forging and precision machining of safety-critical components. The company serves diverse sectors including automotive, railway, and agricultural equipment.
Business Model
The company generates revenue through the manufacturing and supply of forged components such as flange yokes, ball studs, and stub axle assemblies. It operates as a supplier to original equipment manufacturers across multiple industrial verticals.
Growth Outlook
Growth is expected to be driven by continued demand for precision-engineered components in the commercial vehicle and agricultural machinery sectors. The company leverages its manufacturing capabilities to cater to both automotive and non-automotive industrial applications.
Key Risks
- Cyclicality of Automotive Sector. The company's performance is highly sensitive to the cyclical nature of the automotive industry and fluctuations in vehicle production volumes.
- Raw Material Price Volatility. Fluctuations in the prices of steel and other raw materials can significantly impact the company's operating margins.
- Technological Obsolescence. Rapid shifts towards electric vehicle architectures may necessitate significant capital expenditure to adapt traditional forging processes.
- Customer Concentration. Dependence on a limited number of large original equipment manufacturers poses a risk to revenue stability if key contracts are lost.
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Peers · Auto Components & Equipments
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Forge AutoFORGEAUTO | ₹103 Cr | — | — | — | 9.0% | — | — | -21.7% |
Triton ValvesTRITONV | ₹588 Cr | 20.30 | 17.64 | 18.6% | 7.0% | 8.5% | 20.8% | -56.7% |
Munjal ShowaMUNJALSHOW | ₹524 Cr | 21.09 | 11.51 | 12.3% | 3.3% | 3.7% | 4.8% | -3.6% |
Autoline Industries LimitedAUTOIND | ₹404 Cr | 10.12 | 7.99 | — | 9.6% | 20.2% | 24.1% | +27.6% |
Omax AutosOMAXAUTO | ₹403 Cr | 9.96 | 4.83 | 31.8% | 17.2% | 12.2% | 17.5% | +25.5% |
PPAP AutomotivePPAP | ₹367 Cr | 7.90 | 9.76 | 10.7% | 9.5% | 14.7% | 18.6% | +19.2% |
As of Mar 2026
Financials
Forge Auto
: FORGEAUTO · Auto Components & Equipments
Limited coverage
We are not actively covering this company or have limited coverage today. Click to request coverage.
Snapshot
Unlock Forge Auto's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Forge Auto International Limited is an engineering firm specialising in the forging and precision machining of safety-critical components. The company serves diverse sectors including automotive, railway, and agricultural equipment.
Business Model
The company generates revenue through the manufacturing and supply of forged components such as flange yokes, ball studs, and stub axle assemblies. It operates as a supplier to original equipment manufacturers across multiple industrial verticals.
Growth Outlook
Growth is expected to be driven by continued demand for precision-engineered components in the commercial vehicle and agricultural machinery sectors. The company leverages its manufacturing capabilities to cater to both automotive and non-automotive industrial applications.
Key Risks
- Cyclicality of Automotive Sector. The company's performance is highly sensitive to the cyclical nature of the automotive industry and fluctuations in vehicle production volumes.
- Raw Material Price Volatility. Fluctuations in the prices of steel and other raw materials can significantly impact the company's operating margins.
- Technological Obsolescence. Rapid shifts towards electric vehicle architectures may necessitate significant capital expenditure to adapt traditional forging processes.
- Customer Concentration. Dependence on a limited number of large original equipment manufacturers poses a risk to revenue stability if key contracts are lost.
Start your research today
Unlock AI insights, financials, peers and live data on Forge Auto and 5,000+ companies — free.
Peers · Auto Components & Equipments
As of Mar 2026