As of 6 Nov 2026, Advance Technoforge trades at 16.9× trailing earnings, below the industry P/E of 25.1×, and the shares are 19% below their 52-week high. Its ROCE of 33% is the highest among the 7 largest Metal Fabrication peers, and sales and net profit grew 9.8% and 75% a year over 3 years. Debt is 0.35× equity. It is listed on an SME platform with a market cap of ₹69 Cr, ranked 61st of 71 Metal Fabrication companies by market cap; the shares fell 16% over the past year.
- ₹73.40
- ₹76.00
- ₹73.40
- ₹74.90
- 2.4K
Health check
- ReturnsBehind
−16.1% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 16.9 vs industry 25.1.
- GrowthSteady
Sales +9.8%, profit +75.4% a year over 3 years.
- ProfitabilityStrong
ROCE 32.9% vs peer median 15.6%.
- Balance sheetFair
Debt 0.35× equity, interest covered 4.9×, Piotroski 8 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹69 Cr
- Small cap
- P/E
- 16.9
- Industry 25.1
- Price to book
- 1.49
- Peers 7.00
- Dividend yield
- 0.00%
- ROE
- 22.0%
- Peers 8.6%
- ROCE
- 32.9%
- Peers 15.6%
- Debt to equity
- 0.35
- Debt ₹13 Cr
- EPS (TTM)
- ₹4.49
- OPM (TTM)
- 12.6%
- Net margin 8.1%
- Sales growth
- +64.8%
- Latest quarter vs a year ago
- Profit growth
- +62.8%
- Latest quarter vs a year ago
- Price to sales
- 1.05
- EV/EBITDA 6.8
Strengths and risks
Strengths
- Return on equity of 22.0%.
- Return on capital employed of 32.9%.
- Quarterly profit up 62.8% on a year ago.
- Quarterly sales up 64.8% on a year ago.
- P/E of 16.9 against an industry P/E of 25.1.
About Advance Technoforge
Advance Technoforge Limited manufactures and sells steel and alloy steel close die forging products in India. It offers closed die steel forging, upset forging, ring rolling forging, retainer plates, valve bonnets, valve bodies, trunnion pipe guiding, tow-hook-assembly, cross members, connecting rods, bodens, bearing housing SS, gear shifter forks, lager punkt raws, forged glands, zinken links, lager flanschs, rod eyes, customized forged, foot plate-for…
- Headquarters
- Rajkot
- Sector
- Industrials
- ISIN
- INE13ZJ01010
- Website
- advancetechforge.com
Price range
- Avg volume (3M)
- 43.2K
- 1-year return
- minus 16.1%
- From 52-week high
- minus 19.1%
Peers · Metal Fabrication
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BHARATFORGBharat Forge | 1,740.00 | minus 0.74% | 85,029 | 121.8 | 7.23 | 15.6% | 6.7% | 14.7% | 9.7% | 26.9% | 0.49% | plus 32.3% |
| INDOMIMINDO-MIM | 1,219.50 | minus 3.93% | 60,302 | 101.1 | 20.94 | 22.8% | 21.3% | 28.6% | 15.8% | 4.9% | 0.00% | plus 64.4% |
| PTCILPTC Industries | 24,335.00 | plus 0.04% | 38,564 | 290.6 | 23.73 | 7.9% | 8.6% | 24.6% | 40.7% | 57.8% | 0.00% | plus 41.4% |
| ZETWERKZetwerk Manufacturing Businesses | 164.89 | minus 1.10% | 27,937 | – | −2.47 | −13.0% | −36.0% | 0.1% | 56.9% | – | 0.00% | plus 19.3% |
| HAPPYFORGEHappy Forgings | 1,694.50 | minus 10.00% | 15,996 | 49.0 | 7.00 | 18.9% | 15.2% | 30.6% | 9.8% | 13.1% | 0.24% | plus 85.8% |
| RKFORGERamkrishna Forgings | 693.85 | minus 4.25% | 13,087 | 68.4 | 3.51 | 4.7% | 5.6% | 17.1% | 10.5% | −33.9% | 0.58% | plus 35.6% |
| GRAVITAGravita India | 1,493.90 | minus 0.07% | 10,883 | 27.3 | 4.11 | 18.1% | 16.2% | 9.3% | 14.9% | 23.5% | 0.52% | minus 15.4% |
| ADVANCETLAdvance Technoforge | 76.00 | plus 1.47% | 69 | 16.9 | 1.49 | 32.9% | 34.8% | 10.7% | 9.8% | 75.4% | 0.00% | minus 16.1% |
| Median of 7 peers | – | −1.10% | 27,937 | 84.7 | 7.00 | 15.6% | 8.6% | 17.1% | 14.9% | 18.3% | 0.24% | 35.6% |
Quarterly results
| ₹ Cr | Jun 25 |
|---|---|
| 11.1 | |
| 9.6 | |
| 1.5 | |
| 13.5% | |
| 0 | |
| 0.3 | |
| 0.3 | |
| 1 | |
| 0.5% | |
| 1 | |
| 1.06 |
Profit & loss
- Sales CAGR 3Y
- +9.8%
- Profit CAGR 3Y
- +75.4%
- ROE
- 22.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 37.8 | 47.9 | 50.6 | 50 | |
| – | +26.8% | +5.7% | minus 1.3% | |
| 35.3 | 44.1 | 45.4 | 42 | |
| 2.5 | 3.8 | 5.2 | 8 | |
| 6.5% | 7.9% | 10.3% | 16.0% | |
| −0 | 0.1 | 0.2 | 0.3 | |
| 0.8 | 0.9 | 1.2 | 1.4 | |
| 0.5 | 0.6 | 0.7 | 1.3 | |
| −0.1 | −0.1 | – | −0.1 | |
| 1 | 2.3 | 3.5 | 5.5 | |
| 23.6% | 24.9% | 23.5% | 26.6% | |
| 0.8 | 1.7 | 2.7 | 4.1 | |
| – | +126.7% | +58.2% | +50.5% | |
| 0.83 | 1.89 | 2.99 | – |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.5 | 0.5 | 6.5 | 6.5 | |
| 4.7 | 6.4 | 3.1 | 7.2 | |
| 8.5 | 11.2 | 17.5 | 17.3 | |
| 8.2 | 10.5 | 12.4 | 15.9 | |
| 22 | 28.6 | 39.5 | 46.9 | |
| 6.4 | 7.6 | 15.7 | 17.2 | |
| – | 0.3 | 2.1 | – | |
| 0 | 0 | 1.9 | 2.1 | |
| 0 | 0 | 0 | 0 | |
| 15.6 | 20.7 | 19.7 | 27.5 | |
| 22 | 28.6 | 39.5 | 46.9 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.9 | 0.2 | 3.8 | 4.5 | |
| −1.1 | −1.8 | −8.8 | −2.7 | |
| 0.2 | 1.7 | 5 | −1.8 | |
| 0 | 0 | 0 | −0 | |
| −1.3 | −2 | −8.9 | −3.7 | |
| −0.5 | −1.8 | −5.1 | 0.7 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.