Date: 30 Jan 2024

Castings, Forgings & Fastners

Sector	Market Cap	No of Companies
Castings, Forgings & Fastners	195673.28	54

 

NetWorth	23962.84	TTM Sales	81446.94	TTM Sales Var (%)	19.13
Debt	40037.54	TTM OP	10922.70	TTM NP Var (%)	14.04
Capital Employed	70340.82	TTM OPM (%)	15.30	EV/TM Sales	2.40
Net Block	22426.59	TTM PATM (%)	4.75	EV/TTM EBITDA	20.94
Current Assets	48061.27	Debt / Equity	1.67	P/E	50.63
ROCE (%)	43.18	RONW (%)	16.13	P/B	8.17

The above figures are in Rs. Crores as of 30 Jan 2024

TTM ended September 2023

	30 Jan 2024	31 Dec 2022	31 Dec 2021	MoM Var. (%)	YoY Var. (%)
Sector Marketcap	195668.64	113065.03	86911.18	73.06	125.14
Total Marketcap	37753281.25	28374455.84		33.05
Sector's share	0.52	0.4		0.12
Sector No of companies	53	46	45	7	8
Total Listed companies	4525	4237	0	288	4525
Sector's share	1.17	1.09	0	0.08	1.17
Nifty 50	21737.6		17662.15		23.07

 

Gainers
Company Name	30/01/2024	29/12/2023	Var%
Amic Forging	695.50	365.65	90.21
Electrost.Cast.	166.45	110.85	50.16
Krishanveer Forg	86.45	65.48	32.03
Synergy Green	384.10	315.65	21.69
EL Forge	12.65	10.45	21.05
Losers
Company Name	30/01/2024	29/12/2023	Var%
National Fitting	132.25	155.40	-14.90
Simm. Marshall	75.00	86.08	-12.87
Gujarat Intrux	295.40	333.50	-11.42
Bhagwati Auto	550.70	614.95	-10.45
Samrat Forgings	381.20	424.90	-10.28

 

During the month of January 2024, Castings, Forgings & Fastners sector’s Marketcap increased 73.06% to Rs 195668.64 crore, compared to 33.05% rise in total listed marketcap to Rs 37753281.25 crore.

Sector’s share of total listed marketcap moved to 0.52% in January 2024 from 0.4% in December 2022 and % in December 2021.

In terms of price appreciation in the sector, there were 27 gainers and 15 losers in the month of Jan 2024. The gainers accounted for 50.00% of sector companies, losers accounted for 27.78% of sector companies, while 12% remained unchanged.

The top 3 gainers were Amic Forging (90.21% gain), Electrost.Cast. (50.16% gain) and Krishanveer Forg (32.03% gain).

The 3 losers at the bottom were National Fitting (-14.90% fall), Simm. Marshall (-12.87% fall) and Gujarat Intrux (-11.42% fall).

During the month TVS Holdings Ltd, Investment & Precision Castings Ltd, Pritika Engineering Components Ltd, Smiths & Founders (India) Ltd, Gujarat Intrux Ltd, Jayaswal Neco Industries Ltd, Nelcast Ltd and Ramkrishna Forgings Ltd announced their results. Of these Smiths & Founders (India) Ltd, Gujarat Intrux Ltd, Jayaswal Neco Industries Ltd, Pritika Engineering Components Ltd, Nelcast Ltd and Ramkrishna Forgings Ltd reported rise in net profit attributable to shareholders. Companies like TVS Holdings Ltd and Investment & Precision Castings Ltd reported fall in net profit attributable to shareholders.

During the month Bharat Forge Ltd, DCM Ltd, Electrosteel Castings Ltd, TVS Holdings Ltd, Tayo Rolls Ltd, Kennametal India Ltd, Bhagwati Autocast Ltd, Uni Abex Alloy Products Ltd, Taparia Tools Ltd, Nitin Castings Ltd, Investment & Precision Castings Ltd, Metalyst Forgings Ltd, Krishanveer Forge Ltd, EL Forge Ltd, Simmonds Marshall Ltd, Smiths & Founders (India) Ltd, Aditya Forge Ltd, Simplex Castings Ltd, Gujarat Intrux Ltd, Kalyani Forge Ltd, Steelcast Ltd, Pradeep Metals Ltd, M M Forgings Ltd, Shivagrico Implements Ltd, Magna Electro Castings Ltd, Porwal Auto Components Ltd, Jayaswal Neco Industries Ltd, Sterling Tools Ltd, Carnation Industries Ltd, PTC Industries Ltd, National Fittings Ltd, GTV Engineering Ltd, Nelcast Ltd, Galaxy Agrico Exports Ltd, Creative Castings Ltd, AIA Engineering Ltd, Palco Metals Ltd, Ramkrishna Forgings Ltd, Happy Forgings Ltd, CIE Automotive India Ltd, Hilton Metal Forging Ltd, LGB Forge Ltd, Samrat Forgings Ltd, Universal Autofoundry Ltd, Dekson Castings Ltd, Captain Technocast Ltd, Tirupati Forge Ltd, Ganga Forging Ltd, Synergy Green Industries Ltd, Sundaram Clayton Ltd, Pritika Engineering Components Ltd, Kalyani Cast-Tech Ltd, Pattech Fitwell Tube Components Ltd, Sharp Chucks and Machines Ltd, Amic Forging Ltd, Saketh Seven Star Industries Ltd, Paramount Speciality Forgings Ltd and Shreyas Fabtech Ltd filed their shareholding patterns.

FIIs increased their shareholding in Amic Forging Ltd from 0.00% to 6.99%, Electrosteel Castings Ltd from 15.33% to 18.18%, PTC Industries Ltd from 1.75% to 3.78%, Bharat Forge Ltd from 16.28% to 16.60%, Happy Forgings Ltd from 1.81% to 2.06%, M M Forgings Ltd from 1.72% to 1.93%, TVS Holdings Ltd from 0.99% to 1.13%, Kennametal India Ltd from 0.87% to 0.97%, DCM Ltd from 0.01% to 0.05% and Jayaswal Neco Industries Ltd from 0.00% to 0.05%. FIIs reduced their shareholding in Hilton Metal Forging Ltd from 0.33% to 0.27%, Ramkrishna Forgings Ltd from 23.67% to 23.59%, Nelcast Ltd from 1.05% to 0.88%, AIA Engineering Ltd from 18.50% to 18.29%, Steelcast Ltd from 0.38% to 0.08%, CIE Automotive India Ltd from 6.61% to 5.63%, Synergy Green Industries Ltd from 4.57% to 3.23% and Kalyani Cast-Tech Ltd from 6.99% to 2.87%.

DIIs increased their shareholding in Happy Forgings Ltd from 4.00% to 5.82%, CIE Automotive India Ltd from 14.45% to 14.94%, Amic Forging Ltd from 0.00% to 0.23%, AIA Engineering Ltd from 19.86% to 20.05% and Kennametal India Ltd from 12.59% to 12.76%. DIIs reduced their shareholding in PTC Industries Ltd from 0.46% to 0.44%, Kalyani Cast-Tech Ltd from 0.31% to 0.04%, TVS Holdings Ltd from 11.94% to 11.60%, Bharat Forge Ltd from 25.49% to 25.12%, Electrosteel Castings Ltd from 0.87% to 0.42%, Ramkrishna Forgings Ltd from 2.65% to 2.00% and M M Forgings Ltd from 15.40% to 14.14%.

Promoters increased their shareholding in Jayaswal Neco Industries Ltd from 48.03% to 53.02%, EL Forge Ltd from 40.71% to 40.82% and Tirupati Forge Ltd from 57.59% to 57.69%. Promoters reduced their shareholding in Ganga Forging Ltd from 59.53% to 59.35%, PTC Industries Ltd from 66.96% to 63.99% and Amic Forging Ltd from 78.38% to 57.74%.

During the month Annual reports of Bharat Forge Ltd, Neel Industries Pvt Ltd, DCM Ltd, Echjay Industries Pvt Ltd, Electrosteel Castings Ltd, SKS Fasteners Ltd, ISPL Industries Ltd, KHK Pressings & Forgings Pvt Ltd, TVS Holdings Ltd, MCS Fasteners (India) Ltd, Tayo Rolls Ltd, J S Auto Cast Foundry India Pvt Ltd, Kennametal India Ltd, Bhagwati Autocast Ltd, Shivalik Engineering Industries Ltd, Uni Abex Alloy Products Ltd, Amex Alloys Pvt Ltd, Ganga Forging Ltd, Oswal Castings Pvt Ltd, Kumar Autocast Ltd, Taparia Tools Ltd, Synergy Green Industries Ltd, Sundaram Clayton Ltd, Gala Precision Engineering Pvt Ltd, Nitin Castings Ltd, Abhishek Alloys Pvt Ltd, Hiten Fasteners Pvt Ltd, Investment & Precision Castings Ltd, Siderforgerossi India Pvt Ltd, Veltech Forging Ltd, Sivanandha Steels Ltd, Gluhend India Pvt Ltd, Metalyst Forgings Ltd, Lava Cast Pvt Ltd, Pitti Castings Pvt Ltd, Krishanveer Forge Ltd, EL Forge Ltd, Sanmati Precision Engineering Ltd, A Raymond Fastners India Pvt Ltd, Pritika Engineering Components Ltd, Simmonds Marshall Ltd, Kalyani Cast-Tech Ltd, LSR Forge Pvt Ltd, Hanchang India Pvt Ltd, Pattech Fitwell Tube Components Ltd, AMA India Enterprises Pvt Ltd, Honsberg Saws India Pvt Ltd, Bollhoff Fastenings Pvt Ltd, Techno Forge Ltd, Sunfast TVS Ltd, Smiths & Founders (India) Ltd, Natraj Iron & Castings Pvt Ltd, Wear Steels Pvt Ltd, Aditya Forge Ltd, Balls & Cylpebs Ltd, Shree Sponge Steel & Casting Ltd, Simplex Castings Ltd, Rollwell Forge Pvt Ltd, Ramya Balaji Alloy Pvt Ltd, Phoenix Forge Pvt Ltd, Gujarat Intrux Ltd, Aqua Alloys Pvt Ltd, Kalyani Forge Ltd, Magnum Forge & Machine Works Pvt Ltd, Steelcast Ltd, Magna Casting & Machine Works Pvt Ltd, Pradeep Metals Ltd, Arihant Technocast India Pvt Ltd, Pashupati Ispat Pvt Ltd, Jai Mata Foundrex Ltd, Nandina Iron & Steels Ltd, M M Forgings Ltd, G S Alloy Castings Pvt Ltd, Shivagrico Implements Ltd, Ferrous Forgings Ltd, Magna Electro Castings Ltd, Umashakti Steels Pvt Ltd, Porwal Auto Components Ltd, Rajan Technocast Pvt Ltd, Unique Valves Pvt Ltd, Govind Steel Co. Ltd, N S I (India) Ltd, Gemus Engineering Ltd, Mackeil Ispat & Forging Ltd, Jayaswal Neco Industries Ltd, Balkrishna Steel Forge Pvt Ltd, Ramsons Castings Pvt Ltd, J G Foundry Ltd, Bay-Forge Pvt Ltd, Rajasthan Udyogs & Tools Ltd, Leak-Proof Cast (India) Pvt Ltd, Sterling Tools Ltd, Hindustan Inox Ltd, Carnation Industries Ltd, H N V Castings Pvt Ltd, Fine Cast (Guj) Pvt Ltd, Shree Hans Alloys Ltd, PTC Industries Ltd, Karan Techno Cast Pvt Ltd, Godawri Spherocast Pvt Ltd, Vignyan Industries Ltd, Weartech Alloys Pvt Ltd, Dynamatic Manufacturing Ltd, Dee Dee Steel Castings Pvt Ltd, Osho Forge Ltd, Samir Castings Pvt Ltd, Monark Ductile Iron Casting Pvt Ltd, National Fittings Ltd, Ranba Castings Ltd, G P T Castings Ltd, Anjali Aluminium Pvt Ltd, Lamina Foundries Ltd, Upper India Special Castings Ltd, Super Tech Castings Pvt Ltd, Invac Cast Ltd, Mayurbhanj Metals Ltd, Wheelabrator Alloy Castings Ltd, Voestalpine Vae V K N India Pvt Ltd, Kisaan Die Tech Pvt Ltd, Mohindra Fasteners Ltd, Patodia Forgings & Gears Ltd, Accurate Steel Forgings (India) Ltd, I M Amis Forgings Pvt Ltd, Dimo Castings Pvt Ltd, GTV Engineering Ltd, Karmen International Pvt Ltd, Crescent Foundry Co. Pvt Ltd, Menon Piston Rings Pvt Ltd, J K E W Metalec Ltd, Indo Shell Mould Ltd, R B Forgings Pvt Ltd, Mutha Engineering Pvt Ltd, Dee Dee Steel Castings Ltd, Blue Stampings & Forgings Ltd, Rajasthan Udyog & Tools Pvt Ltd, Gazebo Industries Ltd, Marvelous Engineers Pvt Ltd, Nelcast Ltd, Sankalp Engineering & Services Pvt Ltd, Galaxy Agrico Exports Ltd, Indoshell Automotive Systems India Pvt Ltd, Happy Steels Pvt Ltd, Ghatghe Patil Industries Ltd, R S I Pvt Ltd, Creative Castings Ltd, Arjan Dass & Sons Pvt Ltd, Sudhir Forgings Pvt Ltd, Satara Technocrats Pvt Ltd, Kolhapur Steel Ltd, Ramco Steels Pvt Ltd, R D Forge Pvt Ltd, Menon & Menon Ltd (2018), Kems Forgings Ltd, Southern Ferro Ltd, Logwell Forge Ltd, Flash Forge Pvt Ltd, Steel & Industrial Forgings Ltd, Sharp Chucks and Machines Ltd, Amic Forging Ltd, Singla Forging Pvt Ltd, Datre Corporation Ltd, Hi-Mac Castings Pvt Ltd, AIA Engineering Ltd, Saketh Seven Star Industries Ltd, Osho Tools Pvt Ltd, Paramount Speciality Forgings Ltd, Shreyas Fabtech Ltd, Anup Malleables Ltd, Hindusthan Malleable & Forgings Ltd, Uni Deritend Ltd, Victory Iron Works Ltd, Shri Balaji Industrial Products Ltd, Palco Metals Ltd, Ramkrishna Forgings Ltd, Happy Forgings Ltd, Sadhu Forgings Ltd, Sanmar Matrix Metals Ltd, Shree Ganesh Forgings Ltd, United Foundries Pvt Ltd, Pooja Forge Ltd, Shaifali Steels Ltd, Tamboli Castings Ltd, Pricol Castings Ltd, CIE Automotive India Ltd, Hilton Metal Forging Ltd, SRS Diecastings Pvt Ltd, LGB Forge Ltd, Vishnu Forge Industries Ltd, Shivaani Alloy Steel Castings Ltd, Bakul Casting Pvt Ltd, Munjal Kiriu Industries Pvt Ltd, Samrat Forgings Ltd, Borgwarner Emissions Systems India Pvt Ltd, MS Agarwal Foundries Pvt Ltd, Shriram Foundry Ltd, Arcvac Forgecast Ltd, Sanghvi Forging & Engineering Ltd, Bhagwati Steelcast Ltd, Ravi Technoforge Pvt Ltd, Deem Roll Tech Ltd, CHW Forge Pvt LTd, JVR Forgings Ltd, Right Tight Fastners Pvt Ltd, Western India Forgings Pvt Ltd, Sunstar Precision Forge Ltd, Mahamaya Casting Pvt Ltd, Mahavir Rolling Mill Ltd, Mahavir Die Casters Pvt Ltd, Nexo Industries Pvt Ltd, Paranjape Autocast Pvt Ltd, Vinir Engineering Pvt Ltd, Auto International (India) Pvt Ltd, Universal Autofoundry Ltd, Super Screws Pvt Ltd, Bhagwati Spherocast Pvt Ltd, Prashant Castings Pvt Ltd, Prashant Castech Pvt Ltd, G B Tools & Forgings Ltd, Himgiri Castings Pvt Ltd, SE Forge Ltd, Dekson Castings Ltd, Posco-India Pvt Ltd, Apollo Techno Forge Pvt Ltd, Captain Technocast Ltd, Achieve Techno Cast Pvt Ltd, Kishan Forge Pvt Ltd, Tirupati Forge Ltd, Kalyani Technoforge Ltd, Anu Fasteners Pvt Ltd and Jyoti Toolings & Press Components Pvt Ltd were updated in Capitaline.