EL Forge Ltd

Key Stats

₹4.11
Day's Price Range
₹4.3
₹0
52-Week Price Range
₹4.3

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 19
EPS
Rank 19
BVPS
Rank 19
₹-6.57
Dividend Yield
Rank 8
ROE
Rank 32
Price To Book Ratio
Rank 17
-0.66
Debt To Asset
Rank 2
0.99

Company Information

EL Forge incorporated in 1963. 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 Srilanka and Malaysia. It has 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 companywith effective from April 1 1995. To fund this acquisation of Chendur Forgings and financing the cost of machinery to augment longterm working capital the company came out with a rights issue at a premium of Rs.30 aggregating Rs.3.51 Cr in 1995.Ashok Leyland and MICO are the major clients of EL Forge. These two companies are roughly giving around 40 of the companies total turnover. Other customers include Hindustan Motors Lucas TVS Rane Sundaram Clayton VST Tillers Sahney Paris and Audio India. In 199596 the installed capacity of forgings was expanded from 10200 tpa to 18200 tpa. And during 199899 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 Forges 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.
OrganisationEL Forge Ltd
HeadquartersKancheepuram
IndustryCastings, Forgings & Fastners