Forge Auto International Limited (FORGEAUTO)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Forge Auto's revenue was ₹136 Cr, and net profit ₹6.0 Cr; the operating margin was 9.6%.
| H2 FY26 (₹ Cr) | Value | YoY | vs prev. half |
|---|---|---|---|
| Revenue | ₹136 | — | +1.5% |
| Operating profit | ₹13.0 | — | -7.1% |
| Net profit | ₹6.0 | — | +0.0% |
| EPS (₹) | 5.79 | — | +5.1% |
| Operating margin | 9.6% | — | — |
FORGEAUTO delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 100.0% of the FORGEAUTO shares traded on NSE were taken to delivery, against the stock's own 20-session average of 97.36%. That is close to its usual level. Turnover was only ₹8 lakh, so a handful of trades can move this figure. It closed at a price band (circuit) on 1 session in about the last 20.
Delivery in the last 5 sessions: 100.0% · 100.0% · 100.0% · 100.0% · 100.0%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Forge Auto International Limited has issued the notice for its 3rd Annual General Meeting (AGM) scheduled for September 21, 2026, via Video Conferencing. In the accompanying Annual Report for FY2025-26, the company reported revenue from operations of ₹22,613.28 Lakhs (₹226.13 Cr), up 7.82% YoY compared to ₹20,989.43 Lakhs in FY25. Net profit (PAT) increased by 13.51% YoY to ₹1,081.71 Lakhs (₹10.82 Cr). Key AGM agenda items include the adoption of FY26 financial statements and the re-appointment of Managing Director Rajan Mittal on revised terms.
- 3rd Annual General Meeting to be held on September 21, 2026, via VC/OAVM
- FY26 Revenue from operations reached ₹22,613.28 Lakhs, a growth of 7.82% YoY
- FY26 Profit After Tax (PAT) stood at ₹1,081.71 Lakhs, up 13.51% YoY from ₹952.93 Lakhs
- AGM agenda includes the re-appointment and revised terms for Managing Director Rajan Mittal
Forge Auto International Limited submitted a general update to the exchange on August 8, 2026. The filing provided is administrative in nature, containing a digital signature by Rajan Mittal without specific operational or financial disclosures. Investors should view this as a routine compliance filing, noting the company's recent half-yearly revenue of ₹136.0 Cr for the period ending March 2026.
- Filing submitted to the exchange on August 8, 2026, at 17:03 IST
- Company reported a half-yearly revenue of ₹136.0 Cr for the period ending March 2026
- Promoter holding remains stable at 73.63% as per latest March 2026 records
- Company is currently utilizing ₹31.104 Cr raised from its IPO for business objectives
Forge Auto International Limited has submitted a general update to the exchange on August 8, 2026. The document provided is administrative in nature, primarily consisting of a digital signature by Rajan Mittal. This filing follows the company's March 2026 quarterly performance where it reported a revenue of ₹136.0 cr and a net profit of ₹6.0 cr. Investors should note that the company is currently utilizing ₹31.104 cr in IPO proceeds for its stated business objectives.
- Filing submitted to the exchange on August 8, 2026
- Company reported a quarterly revenue of ₹136.0 cr for the period ending March 2026
- IPO proceeds of ₹31.104 cr are being utilized for business expansion and objectives
- Net worth of the company stands at ₹69 cr as per latest available data
Financial Performance
Revenue Growth by Segment
Not disclosed in available documents. The company operates as a manufacturer and OEM supplier of drop forged and machined components, but specific segment-wise revenue growth percentages for the period ending September 30, 2025, were not provided.
Geographic Revenue Split
Not disclosed in available documents. While the company is an exporter, the specific percentage split between domestic and international revenue is not detailed.
Profitability Margins
Not disclosed in available documents. The auditor's report confirms a 'true and fair view' of the Net Profit after tax for the year ended March 31, 2025, but specific margin percentages (Gross, Operating, or Net) are not listed.
EBITDA Margin
Not disclosed in available documents. Core profitability metrics and YoY changes in EBITDA were not included in the provided financial statements.
Capital Expenditure
The company raised INR 31.104 Cr through an Initial Public Offering (IPO) of 28,80,000 equity shares at a price of INR 108 per share (including a premium of INR 98). These funds are designated for objects stated in the offer document, which typically include capital expenditure for capacity expansion or working capital.
Credit Rating & Borrowing
Not disclosed in available documents. Specific credit ratings and interest rate percentages for existing borrowings were not provided.
Operational Drivers
Raw Materials
Steel and metal alloys (implied by 'Drop Forged & Machined Components'). Specific percentage of total cost for each material is not disclosed.
Capacity Expansion
The company is utilizing IPO proceeds of INR 31.104 Cr for business objects. Current installed capacity in MT or units is not specified in the provided text.
Raw Material Costs
Not disclosed in available documents. As a forging company, raw material costs typically represent a significant portion of revenue, but exact percentages and YoY changes are missing.
Strategic Growth
Growth Strategy
The company aims to achieve growth by utilizing the INR 31.104 Cr raised from its IPO to fund its stated business objectives, which likely include expanding its footprint as an OEM supplier and exporter of forged components. The strategy involves maintaining high-standard certifications (IATF 16949:2016) to retain and grow its client base in the automotive sector.
Products & Services
Drop Forged Components and Machined Components sold to OEMs and international markets.
Brand Portfolio
Forge Auto International Limited.
Market Expansion
The company identifies as an exporter, indicating plans to expand its international presence, though specific target regions and timelines are not detailed.
External Factors
Industry Trends
The forging industry is shifting toward high-precision machined components to meet IATF 16949:2016 standards required by global automotive OEMs. The company is positioning itself as a 'ZED (GOLD)' certified manufacturer to align with sustainable and efficient manufacturing trends.
Competitive Landscape
The company competes in the fragmented forging and machining industry against both domestic and international players.
Competitive Moat
The company's moat is built on its technical certifications (IATF 16949:2016, ISO 45001:2018) and its status as an OEM supplier. These certifications act as entry barriers because automotive OEMs require rigorous quality audits that are difficult for new entrants to pass.
Regulatory & Governance
Industry Regulations
The company must comply with IATF 16949:2016 for automotive quality management and various ISO standards for safety and environment. It is also subject to the Companies Act, 2013 and SEBI LODR regulations.
Environmental Compliance
The company is ISO 14001:2015 certified, indicating compliance with environmental management systems, though specific ESG costs in INR are not listed.
Legal Contingencies
No fraud was reported by auditors under Section 143(12). There are no reported disqualifications of directors as of May 30, 2025. Specific values for pending court cases were not disclosed.
Risk Analysis
Key Uncertainties
The resignation of Director Bhupinder Preet Kaur on October 23, 2025, introduces potential management transition risk. Reliance on the automotive OEM sector makes the company vulnerable to cyclical downturns in the auto industry.
Technology Obsolescence Risk
The shift toward Electric Vehicles (EVs) may impact demand for certain traditional engine-related forged components, requiring the company to adapt its product mix.
