Amforge Industries share price, P/E, ROE & financials

As of 6 Nov 2026, Amforge Industries trades at 77.0× trailing earnings, above the industry P/E of 19.9×, and the shares are 48% below their 52-week high. Its ROCE of −1.0% is the lowest among the 7 largest Steel peers. Debt is 0.13× equity. It is a small-cap company with a market cap of ₹7.75 Cr, ranked 145th of 150 Steel companies by market cap; the shares fell 39% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹6.45
Day high: ₹6.45
Day low: ₹5.39
Prev. close: ₹5.48
Volume: 1.7K

Health check

5 to check

ReturnsBehind
−38.8% over a year, better than 0 of 7 peers.
Price tagPricier
P/E 77.0 vs industry 19.9.
Growthn/a
Not enough yearly results to measure.
ProfitabilityNegative
ROCE -1.0% vs peer median 18.7%.
Balance sheetStretched
Debt 0.13× equity, operating profit doesn’t cover interest, Piotroski 1 of 9.
Red flags4 to check
Return on equity is low at −3.1%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Steel

149 listed peers. Screen the industry

Small cap

₹7.75 Cr, #145 of 150 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Market cap: ₹7.75 Cr; Small cap
P/E: 77.0; Industry 19.9
Price to book: 0.60; Peers 2.28
Dividend yield: 0.00%
ROE: −3.1%; Peers 23.4%
ROCE: −1.0%; Peers 18.7%
Debt to equity: 0.13; Debt ₹1.67 Cr
EPS (TTM): ₹0.07
OPM (TTM): 0.0%; Net margin 0.0%
Sales growth: n/a; Year-ago quarter not reported
Profit growth: n/a; Year-ago quarter not reported
Price to sales: n/a; EV/EBITDA −3.6

Risks to check

Return on equity is low at −3.1%.
P/E of 77.0 against an industry P/E of 19.9.
48% below its 52-week high.
Interest coverage of only −2.7×.

No standout strengths in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Amforge Industries

Amforge Industries Limited does not have significant operations. It was previously engaged in the trading of steel products. The company was incorporated in 1971 and is based in Mumbai, India.

Headquarters: Mumbai
Employees: 4
Sector: Basic Materials
ISIN: INE991A01020
Website: amforgeindia.in

Price range

52 weeks

₹4.86₹10.43

Today

₹5.39₹6.45

Avg volume (3M): 3.9K
1-year return: minus 38.8%
From 52-week high: minus 48.3%

Peers · Steel

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
JSWSTEELJSW Steel	1,357.10	plus 0.11%	3,31,265	11.7	12.2	18.7%	17.7%	0.62	3.6%	plus 14.7%
TATASTEELTata Steel	186.30	plus 2.36%	2,32,397	21.1	9.1	11.3%	15.2%	0.89	−1.6%	plus 1.5%
JINDALSTELJindal Steel	1,165.00	plus 1.31%	1,18,594	41.5	14.9	7.5%	15.9%	0.42	−13.1%	plus 6.4%
LLOYDSMELloyds Metals And Energy	1,785.50	minus 1.38%	1,00,482	19.1	18.8	19.4%	37.4%	1.23	71.3%	plus 37.4%
SAILSteel Authority of India	171.60	minus 0.41%	70,880	12.6	8.1	7.2%	12.9%	0.50	2.0%	plus 24.7%
NMDCNMDC	70.40	minus 0.01%	61,894	8.3	6.2	28.4%	30.0%	0.19	22.0%	minus 5.2%
APLAPOLLOAPL Apollo Tubes	2,185.30	minus 0.41%	60,677	46.3	32.7	28.0%	8.2%	0.17	12.6%	plus 23.3%
AMFORGAmforge Industries	5.39	minus 1.64%	8	77.0	–	−1.0%	0.0%	0.13	–	minus 38.8%
Median of 7 peers	–	−0.01%	1,00,482	19.1	12.2	18.7%	15.9%	0.50	3.6%	14.7%

Quarterly results

Consolidated, ₹ crore

Operating profit (EBITDA)Select a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
−0.4	−0.4	−0.5	−1	−0.4
0.5	0.5	0.9	0.6	1
0	0	0	0.1	0.1
0.1	0.1	0.1	0.1	0.1
−0	0	0.2	−0.5	0.4
−112.8%	5.7%	18.3%	1.0%	–
−0	0	0.2	−0.5	0.4
-0.03	0.02	0.12	-0.33	0.26

Profit & loss

Yearly, ₹ crore

ROE: −3.1%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
−2	−1.7	−0.4	−0.5
2.7	2.2	1.7	0.6
0.2	0.2	0.2	0.2
0.3	0.3	0.5	0.3
−0	0.1	−0	0
0.2	0.1	0.6	−0.4
8.1%	375.4%	25.3%	−14.5%
0.2	−0.3	0.5	−0.4
–	minus 242.7%	–	minus 185.3%
0.13	-0.19	0.33	-0.28

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
2.9	2.9	2.9	2.9
9.6	9.8	10.2	10.2
1.8	0.7	0.7	1.7
3.5	3.4	3.2	3.7
17.8	16.8	17.1	18.5
0.8	1.1	0.7	2.2
0.1	3	6.1	5.8
2.2	0.5	0.6	0.3
14.8	12.2	9.7	10.2
17.8	16.8	17.1	18.5

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
−3	−1.4	−1.1	−1.6
4.7	1.2	1.4	0.5
−0.3	−1.5	−0.1	0.8
1.3	−1.7	0.1	−0.3
−0	−0	−0	−1
−3	−1.4	−1.1	−2.6

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

BSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you