Amic Forging share price today

Amic Forging Ltd's share price was ₹2,044.50 at the close on 30 October 2026. It has been rising for 15 weeks. That is 10.5% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹1,139 and ₹2,498, and at that close it sat 67% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Amic Forging Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 18 weeks in a row.

Over the last 2.9 years the share price moved +638% while the NIFTY 500 moved +17%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

For January to March 2026 (the quarter ended 31 March 2026), Amic Forging reported revenue of ₹75.0 crore, up 29.3% from ₹58.0 crore a year earlier, and a profit of ₹16.0 crore, up 23.1% from ₹13.0 crore.

Amic Forging results: January to March 2026 against a year earlier

The next results, for April to June 2026, were due by 14 August 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). This page shows them once our weekly data update has read them.

From the company's reported quarterly results (quarter ended 31 March 2026). Revenue and profit in ₹ crore.

Amic Forging closed at ₹2,044.50 on 30 October 2026, up 34.6% from ₹1,518.95 a year earlier (31 October 2025) and up 638.0% over three years. Its highest weekly close since December 2023 was ₹2,498.40 on 1 October 2026.

Amic Forging share price: then and now

Weekly closing prices. Each change is the move from that price to the 30 Oct 2026 close. A day's intraday high or low can go beyond these weekly closes.

136 weekly closes from 8 December 2023 to 30 October 2026.

30 Oct 2026: Amic Forging closed at ₹2,044.50, up 1.6% on the week and down 18.2% on the month. Results for January to March 2026: Revenue up 29.3% and profit up 23.1% on a year earlier.

Amic Forging has paid no dividend on the NSE since its first NSE close in our records (8 December 2023), the start of the period we checked.

No. Amic Forging Ltd paid out 0% of its profit as dividends in each of its last 7 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 5 November 2026.

Amic Forging is not on any of our India lists this week.

Amic Forging Ltd earned ₹16.0 Cr of net profit in the Mar 2026 quarter, +23.1% on the same quarter a year earlier. Full-year FY26 profit was ₹28.0 Cr. That is 21.3% of the quarter's revenue. The same quarter a year earlier earned ₹7.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹28.0 Cr (−22.2% on the year before).

Why profit moved: revenue changed +29.3% on a year earlier and the margin moved +5.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +72.4% and revenue +8.6%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Amic Forging Ltd reported ₹75.0 Cr of revenue in the Mar 2026 quarter, +29.3% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 6 years it has grown 49.0% a year on average. The last full year, FY26, came in at ₹142 Cr.

Revenue is everything the company billed its customers in the period.

FY26 revenue was ₹142 Cr, +18.3% on the year before.

Recent pace: the last four quarters grew +8.6% on average, against 49.0% a year over the longer run, so this year is growing slower than its own long-run rate.

Amic Forging Ltd's operating margin was 33.0% in the Mar 2026 quarter, 5.0 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Over the last four quarters it has moved +24.0 percentage points. Across 7 years it has been between 3.1% and 30.0%.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

The latest quarter is above every full year in that period.

Why the margin moved: operating margin changed +23.5 percentage points on the year while gross margin changed +23.3 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold.

Over the last 3 years, 9% of Amic Forging Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 it brought in ₹9.0 Cr of operating cash against ₹28.0 Cr of profit. After ₹63.0 Cr of spending on assets, free cash was −₹54.0 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 9% of profit came in as cash: the cash cycle got 116 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: less of the profit turns into cash than it should, and the cash cycle is 116 days longer. The next section looks at where the cash is stuck.

Amic Forging Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 184 days in FY26, up from 68 days in FY21. It spent ₹100 Cr on assets over the last 3 years. Customers take 136 days to pay, and stock sits for 134 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹142 Cr, each day of that cycle ties up about ₹0.4 Cr, so roughly ₹72.0 Cr is tied up in the business at any time.

FY26: customers took 136 days to pay and stock sat for 134 days, about 4.4 months of sales sitting as stock, for a full cycle of 184 days, longer than FY21's 68.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 134 days. Customers pay about 136 days after that. Suppliers are paid at 87 days. Together that makes the 184-day cycle.

Spending on assets: ₹100 Cr over the last 3 years, against ₹8.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹62.0 Cr (FY26): assets paid for that are not earning yet.

In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit.

Amic Forging Ltd's P/E is 81.5×, near the high end of its own history: higher than 87% of past readings. Its usual P/E (the middle reading) is 53.5×, over 2.7 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Why the multiple is where it is: over the past year earnings per share moved −22.4% while the price moved +34.6%. The price did better than earnings, which pushed the multiple up within its own range.

In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple.

Amic Forging Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 4 quarters of 1 measure, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: with too little history, we say so rather than guess a direction.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Amic Forging Ltd earned a ROCE of 23% in FY26. That is up from a low of 13% in FY21. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 19.7% net margin and 0.55× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 19.7% net margin × 0.55× asset turnover × 1.20× leverage (assets divided by equity) ≈ 13.0% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed.

Amic Forging Ltd had ₹6.0 Cr of borrowings against ₹213 Cr of equity in FY26, so its debt is 0.03× its equity. Over 5 years borrowings went from ₹4.0 Cr to ₹6.0 Cr. Over the last 3 of those years it spent ₹100 Cr on assets.

Debt-to-equity shows how much of the business is paid for with borrowed money. Interest cover shows how many times operating profit pays the interest bill. Low debt and high cover are the safe combination.

Part of the spending on assets is being paid for with borrowed money.

Foreign institutions cut their stake in Amic Forging Ltd by 6.8 percentage points over 5 quarters, the biggest change among its owners. Foreign institutions now own 0.1% of the company. Domestic institutions moved −2.5 points over the same period, to 0.6%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Foreign institutions: −6.8 points over 5 quarters, to 0.1%; Domestic institutions: −2.5 points over 5 quarters, to 0.6%; Promoters: +0.2 points over 5 quarters, to 58.0%.

Why the owners changed: foreign institutions drove it (−6.8 points), together with domestic institutions (−2.5 points). They reduced their stake.

For Amic Forging Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

There is no score against its industry: Amic Forging Ltd is not present in the sector comparison for Castings, Forgings & Fastners.

The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown.

No sector comparison is shown here, not present in the sector comparison.

Amic Forging is the 10th largest of 20 Castings, Forgings & Fastners companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Balu Forge Industries, Steelcast and Uniparts India. Just below it: M M Forgings, Sundaram Clayton and Alicon Castalloy.

Castings, Forgings & Fastners companies close in size

7. Balu Forge Industries Ltd ₹5,371 crore
8. Steelcast Ltd ₹3,522 crore
9. Uniparts India Ltd ₹3,167 crore
10. Amic Forging Ltd ₹2,361 crore
11. M M Forgings Ltd ₹2,332 crore
12. Sundaram Clayton Ltd ₹2,258 crore
13. Alicon Castalloy Ltd ₹1,378 crore

All 20 Castings, Forgings & Fastners companies, largest first

Companies close in size in other industries

1155. XPRO India Ltd ₹2,370 crore · Packaging - Films
1156. Easy Trip Planners Ltd ₹2,363 crore · E-Commerce - Platform - Travel
1157. Amic Forging Ltd ₹2,361 crore
1158. Oriana Power Ltd ₹2,344 crore · Solar EPC
1159. Fredun Pharmaceuticals Ltd ₹2,341 crore · Pharma - Formulators

Sector Alpha, written by code from the published numbers. Data as of 30 October 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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