[Dilip Davda] The company is in the business of manufacturing complex and safety critical, forged and precision machined components for auto, agri and other sectors. It posted steady growth in its top and bottom lines for the reported periods. Based on FY24 earnings, the issue appears fully priced. Investors may park moderate funds for long term. Read detail review...

Forge Auto International IPO Peer Comparison

Forge Auto International Limited peer comparison with similar listed entities. (As on March 31, 2024)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio
Forge Auto International Limited	10.21	10.21	25.88	12.98	32.14	4.32
Balu Forge Industries Limited	9.8	9.74		81.87	16.94
MM Forging Limited	55.94	55.94		10.34	17.11
Happy Forgings Limited	26.78	26.75		45.32	15.07
Samrat Forgings Ltd	5.95	5.95		62.34	9.42

Notes:

Source - All the financial information for listed industry peers mentioned above is sourced from the exchange announcements of the aforesaid companies for the year ended March 31, 2024 and stock exchange data dated September 13, 2024 to compute the corresponding financial ratios. Forge Auto International Limited has taken the Current Market Price as the equity share issue price. Further, the P/E Ratio is based on the current market price of the respective scrips.
The EPS, NAV, RoNW and total Income of our Company are taken as per the Restated Financial Statement for the Financial Year 2023-24
NAV per share is computed as the closing net worth divided by the weighted average number of paid up equity shares as on March 31, 2024.
RoNW has been computed as net profit after tax divided by closing net worth.
Net worth has been computed in the manner as specifies in Regulation 2(1) (hh) of SEBI (ICDR) Regulations, 2018.

Forge Auto International IPO Review by Members

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Forge Auto International IPO Review Summary by Members

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