# Amic Forging share price today (Amic Forging Ltd, NSE: AMIC)

> Amic Forging share price today: ₹2,044.50 at the BSE close on 30 October 2026, up 34.6% in a year. Amic Forging (NSE: AMIC) trades at a P/E of 81.5 and has closed between ₹1,138.70 and ₹2,498.40 over the past 52 weeks. > Amic Forging Ltd's share price has risen faster than its earnings: +34.6% in a year, against −22.4% for earnings per share. AMIC · Castings, Forgings & Fastners · data as of 30 October 2026. Page: https://www.sectoralpha.in/stocks/amic-forging-ltd

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## Key numbers

- Price: ₹2,044.50 (+34.6% in a year)
- P/E: 81.5× (higher than 87% of the last 2.7 years)
- Revenue (Mar 2026): ₹75.0 Cr (+29.3% on a year ago)
- Profit (Mar 2026): ₹16.0 Cr (+23.1% on a year ago)
- Operating margin: 33.0% (+5.0 points on a year ago)
- ROCE: 23%, FY26

The main question: profits are rising, but only 9% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. ## What is the 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. 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. ## What are Amic Forging's latest quarterly results? 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

| Measure | January to March 2026 | January to March 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹75.0 crore | ₹58.0 crore | +29.3% |
| Profit | ₹16.0 crore | ₹13.0 crore | +23.1% |
| Earnings per share | ₹14.76 | ₹12.23 | +20.7% |
| Operating margin | 33.0% | 28.0% | +5.0 points |

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.)

## What is the Amic Forging share price history? 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

| When | Close | Change to 30 Oct 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹2,011.85 | +1.6% |
| 1 month ago · 1 Oct 2026 | ₹2,498.40 | −18.2% |
| 1 year ago · 31 Oct 2025 | ₹1,518.95 | +34.6% |
| 3 years ago · 8 Dec 2023 | ₹277.05 | +638.0% |
| Earliest and lowest weekly close in our records · 8 Dec 2023 | ₹277.05 | +638.0% |
| Highest weekly close since December 2023, also the 52-week high · 1 Oct 2026 | ₹2,498.40 | −18.2% |
| 52-week low (weekly close) · 23 Jan 2026 | ₹1,138.70 | +79.5% |

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.)

## What is the latest news on Amic Forging? 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. ## What dividend does Amic Forging pay? 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 4 November 2026.)

## Which stock lists is Amic Forging on? Amic Forging is not on any of our India lists this week. ## Is Amic Forging profitable? 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. 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. ## How much revenue does Amic Forging make, and is it growing? 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. 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. ## How much of every ₹100 of sales does Amic Forging keep? 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%. 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. ## Is Amic Forging's profit turning into cash? 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. 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. ## Where does Amic Forging's cash go? 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. 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. ## What is Amic Forging's P/E ratio, and how does it compare with its own history? 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. 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. ## Is the Amic Forging business getting better or worse? 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. 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. ## How much does Amic Forging earn on its capital? 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). 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. ## Does Amic Forging have too much debt? 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. Part of the spending on assets is being paid for with borrowed money. ## What is the Amic Forging shareholding pattern? 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. 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. ## How far is Amic Forging from balance-sheet trouble? 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. ## How does Amic Forging rank in its industry? 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. ## Which companies is Amic Forging compared with? No sector comparison is shown here, not present in the sector comparison. ## Which companies are close to Amic Forging in size? 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

1. [Balu Forge Industries Ltd](https://www.sectoralpha.in/stocks/balu-forge-industries-ltd) ₹5,371 crore
2. [Steelcast Ltd](https://www.sectoralpha.in/stocks/steelcast-ltd) ₹3,522 crore
3. [Uniparts India Ltd](https://www.sectoralpha.in/stocks/uniparts-india-ltd) ₹3,167 crore
4. Amic Forging Ltd ₹2,361 crore
5. [M M Forgings Ltd](https://www.sectoralpha.in/stocks/m-m-forgings-ltd) ₹2,332 crore
6. [Sundaram Clayton Ltd](https://www.sectoralpha.in/stocks/sundaram-clayton-ltd) ₹2,258 crore
7. [Alicon Castalloy Ltd](https://www.sectoralpha.in/stocks/alicon-castalloy-ltd) ₹1,378 crore

[All 20 Castings, Forgings & Fastners companies, largest first](https://www.sectoralpha.in/sectors/castings-forgings-fastners#all-companies)

### Companies close in size in other industries

1. [XPRO India Ltd](https://www.sectoralpha.in/stocks/xpro-india-ltd) ₹2,370 crore · Packaging - Films
2. [Easy Trip Planners Ltd](https://www.sectoralpha.in/stocks/easy-trip-planners-ltd) ₹2,363 crore · E-Commerce - Platform - Travel
3. Amic Forging Ltd ₹2,361 crore
4. [Oriana Power Ltd](https://www.sectoralpha.in/stocks/oriana-power-ltd) ₹2,344 crore · Solar EPC
5. [Fredun Pharmaceuticals Ltd](https://www.sectoralpha.in/stocks/fredun-pharmaceuticals-ltd) ₹2,341 crore · Pharma - Formulators

## What else do people ask about Amic Forging? ### What is Amic Forging's share price today? Amic Forging Ltd's share price is ₹2,044.50, +34.6% over the past year. The whole company is worth ₹2,303 Cr on the market. In the last 52 weeks it traded between ₹1,139 to ₹2,498; today it is 67% of the way up from the low, 10.5% above its 200-day average (as of 30 October 2026). ### What were Amic Forging's latest quarterly results? Amic Forging Ltd reported revenue of ₹75.0 Cr and net profit of ₹16.0 Cr for the Mar 2026 quarter. Revenue rose 29.3% and profit rose 23.1% compared with a year earlier. Earnings per share were ₹14.76. The operating margin was 33.0%, 5.0 percentage points higher than a year earlier (as of 30 October 2026). ### What is Amic Forging's market cap? Amic Forging Ltd's market capitalisation is ₹2,303 Cr at a share price of ₹2,044.50. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 30 October 2026). ### How is Amic Forging performing? Amic Forging Ltd's share price has been rising for 15 weeks. In its latest quarter, revenue rose 29.3% and profit rose 23.1% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 18 weeks running (as of 30 October 2026). ### Will Amic Forging's share price go up? This page does not forecast Amic Forging Ltd's share price. What it shows instead: the share price is ₹2,044.50, and it has been rising for 15 weeks. Its P/E of 81.5× is higher than 87% of its own last 3 years (as of 30 October 2026). ### Who owns Amic Forging? Promoters own 58.0% of Amic Forging Ltd, foreign institutions 0.1%, domestic institutions 0.6% and the public 41.3% (latest quarter). The biggest change over the last two years: Foreign institutions cut their stake by 6.8 percentage points over 5 quarters (as of 30 October 2026). ### Where is Amic Forging in its business cycle? Amic Forging Ltd's FY26 operating margin was 30.0%, against a 7-year range of 3.1% to 30.0%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 33.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 30 October 2026). ### What could break the Amic Forging story? The main question: profits are rising, but only 9% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 30 October 2026). ### Is Amic Forging a stock worth studying right now? What the numbers show: Amic Forging Ltd's share price has risen faster than its earnings: +34.6% in a year, against −22.4% for earnings per share. The main open question: whether the cash starts to follow the profit. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 30 October 2026). This is research, not advice. We’re not SEBI-registered.