Date: 28 Feb 2023

Castings, Forgings & Fastners

Sector	Market Cap	No of Companies
Castings, Forgings & Fastners	119189.48	46

 

NetWorth	26720.28	TTM Sales	47247.42	TTM Sales Var (%)	33.15
Debt	14254.19	TTM OP	6072.76	TTM NP Var (%)	3.94
Capital Employed	44252.25	TTM OPM (%)	14.43	EV/TM Sales	2.52
Net Block	19601.54	TTM PATM (%)	5.93	EV/TTM EBITDA	21.68
Current Assets	26273.56	Debt / Equity	0.53	P/E	42.53
ROCE (%)	25.23	RONW (%)	10.49	P/B	4.46

The above figures are in Rs. Crores as of 28 Feb 2023

TTM ended December 2022

	28 Feb 2023	31 Jan 2022	31 Jan 2021	MoM Var. (%)	YoY Var. (%)
Sector Marketcap	119189.48	95323.8	71411.2	25.04	66.91
Total Marketcap	25864691.4	26608061.4	20169923.96	-2.79	28.23
Sector's share	0.46	0.36	0.35	0.1	0.11
Sector No of companies	46	43	43	3	3
Total Listed companies	4247	4117	3889	130	358
Sector's share	1.08	1.04	1.11	0.04	-0.03
Nifty 50	17303.95	17662.15	16793.9	-2.03	3.04

 

Gainers
Company Name	28/02/2023	27/01/2023	Var%
Hilton Met.Forg.	112.95	83.35	35.51
Uni Abex Alloy	807.40	646.00	24.98
Mahindra CIE	424.15	360.55	17.64
National Fitting	70.45	62.05	13.54
Nitin Castings	213.10	194.30	9.68
Losers
Company Name	28/02/2023	27/01/2023	Var%
EL Forge	8.90	12.00	-25.83
Simplex Castings	37.00	47.90	-22.76
Magna Electrocas	296.55	373.20	-20.54
Samrat Forgings	140.05	172.00	-18.58
Palco Metals Ltd	64.30	78.75	-18.35

 

During the month of February 2023, Castings, Forgings & Fastners sector’s Marketcap increased 25.04% to Rs 119189.48 crore, compared to -2.79% fall in total listed marketcap to Rs 25864691.4 crore.

Sector’s share of total listed marketcap moved to 0.46% in February 2023 from 0.36% in January 2022 and 0.35% in January 2021.

In terms of price appreciation in the sector, there were 13 gainers and 27 losers in the month of Feb 2023. The gainers accounted for 28.26% of sector companies, losers accounted for 58.70% of sector companies, while 6% remained unchanged.

The top 3 gainers were Hilton Met.Forg. (35.51% gain), Uni Abex Alloy (24.98% gain) and Mahindra CIE (17.64% gain).

The 3 losers at the bottom were EL Forge (-25.83% fall), Simplex Castings (-22.76% fall) and Magna Electrocas (-20.54% fall).

During the month Bharat Forge Ltd, DCM Ltd, Electrosteel Castings Ltd, Sundram Fasteners Ltd, Tayo Rolls Ltd, Bhagwati Autocast Ltd, Poojawestern Metaliks Ltd, Uni Abex Alloy Products Ltd, Ganga Forging Ltd, Synergy Green Industries Ltd, Taparia Tools Ltd, Nitin Castings Ltd, Investment & Precision Castings Ltd, Krishanveer Forge Ltd, EL Forge Ltd, Simmonds Marshall Ltd, Smiths & Founders (India) Ltd, Aditya Forge Ltd, Simplex Castings Ltd, Kalyani Forge Ltd, Pradeep Metals Ltd, M M Forgings Ltd, Porwal Auto Components Ltd, KIC Metaliks Ltd, Jayaswal Neco Industries Ltd, Sterling Tools Ltd, Carnation Industries Ltd, Akar Auto Industries Ltd, PTC Industries Ltd, National Fittings Ltd, Nelcast Ltd, Creative Castings Ltd, Palco Metals Ltd, Mahindra CIE Automotive Ltd, Hilton Metal Forging Ltd, LGB Forge Ltd, Samrat Forgings Ltd and Universal Autofoundry Ltd announced their results. Of these Sundram Fasteners Ltd, Uni Abex Alloy Products Ltd, Taparia Tools Ltd, Nitin Castings Ltd, Kalyani Forge Ltd, Pradeep Metals Ltd, M M Forgings Ltd, Sterling Tools Ltd, PTC Industries Ltd, National Fittings Ltd, Nelcast Ltd, Creative Castings Ltd, Mahindra CIE Automotive Ltd and Samrat Forgings Ltd reported rise in net profit attributable to shareholders. Companies like Bharat Forge Ltd, Electrosteel Castings Ltd, KIC Metaliks Ltd, Akar Auto Industries Ltd, Hilton Metal Forging Ltd, Poojawestern Metaliks Ltd, Ganga Forging Ltd and Smiths & Founders (India) Ltd reported fall in net profit attributable to shareholders.

Companies like Jayaswal Neco Industries Ltd, Universal Autofoundry Ltd, Investment & Precision Castings Ltd, Bhagwati Autocast Ltd and Porwal Auto Components Ltd reported loss to profit and Krishanveer Forge Ltd, Palco Metals Ltd, DCM Ltd, LGB Forge Ltd, Simplex Castings Ltd and Mahindra CIE Automotive Ltd reported profit to loss.

Pradeep Metals Ltd and Steelcast Ltd became ex-dividend.

During the month Bharat Forge Ltd, DCM Ltd, Electrosteel Castings Ltd, Sundram Fasteners Ltd, Tayo Rolls 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, Kalyani Forge Ltd, Steelcast Ltd, Pradeep Metals Ltd, M M Forgings Ltd, Magna Electro Castings Ltd, Porwal Auto Components Ltd, KIC Metaliks Ltd, Jayaswal Neco Industries Ltd, Sterling Tools Ltd, Carnation Industries Ltd, Akar Auto Industries Ltd, PTC Industries Ltd, National Fittings Ltd, Nelcast Ltd, Creative Castings Ltd, AIA Engineering Ltd, Palco Metals Ltd, Ramkrishna Forgings Ltd, Mahindra CIE Automotive Ltd, Hilton Metal Forging Ltd, LGB Forge Ltd, Samrat Forgings Ltd, Universal Autofoundry Ltd, Dekson Castings Ltd, Captain Technocast Ltd, Tirupati Forge Ltd, Poojawestern Metaliks Ltd, Ganga Forging Ltd, Synergy Green Industries Ltd and Pritika Engineering Components Ltd filed their shareholding patterns.

FIIs increased their shareholding in Tirupati Forge Ltd from 0.00% to 0.66%, Akar Auto Industries Ltd from 0.00% to 0.65%, M M Forgings Ltd from 0.91% to 1.16%, Steelcast Ltd from 0.11% to 0.25%, DCM Ltd from 0.06% to 0.11%, Hilton Metal Forging Ltd from 0.00% to 0.04%, Nelcast Ltd from 0.83% to 0.85% and Mahindra CIE Automotive Ltd from 7.27% to 7.29%. FIIs reduced their shareholding in Jayaswal Neco Industries Ltd from 0.03% to 0.00%, Sundram Fasteners Ltd from 11.75% to 11.67%, Electrosteel Castings Ltd from 15.23% to 15.13%, AIA Engineering Ltd from 18.02% to 17.78%, Ramkrishna Forgings Ltd from 14.52% to 14.00% and Bharat Forge Ltd from 19.30% to 17.88%.

DIIs increased their shareholding in Bharat Forge Ltd from 23.25% to 24.54%, M M Forgings Ltd from 16.11% to 16.44%, AIA Engineering Ltd from 20.06% to 20.35% and Ramkrishna Forgings Ltd from 3.07% to 3.31%. DIIs reduced their shareholding in Electrosteel Castings Ltd from 1.80% to 1.77%, Mahindra CIE Automotive Ltd from 7.47% to 7.34%, Uni Abex Alloy Products Ltd from 0.58% to 0.03%, Sterling Tools Ltd from 5.72% to 4.66% and DCM Ltd from 6.15% to 4.15%.

Promoters increased their shareholding in KIC Metaliks Ltd from 65.89% to 66.08%, Poojawestern Metaliks Ltd from 70.43% to 70.58%, Synergy Green Industries Ltd from 74.02% to 74.16%, Bhagwati Autocast Ltd from 73.32% to 73.44% and Kalyani Forge Ltd from 58.61% to 58.71%. Promoters reduced their shareholding in Simplex Castings Ltd from 56.54% to 56.51%, Ganga Forging Ltd from 67.63% to 59.53% and Hilton Metal Forging Ltd from 39.26% to 28.07%.

During the month Annual reports of Bharat Forge Ltd, SKS Fasteners Ltd, DCM Ltd, Electrosteel Castings Ltd, ISPL Industries Ltd, J S Auto Cast Foundry India Pvt Ltd, Sundram Fasteners Ltd, Tayo Rolls Ltd, Bhagwati Autocast Ltd, Poojawestern Metaliks Ltd, Amex Alloys Pvt Ltd, Uni Abex Alloy Products Ltd, Ganga Forging Ltd, Oswal Castings Pvt Ltd, Kumar Autocast Ltd, Synergy Green Industries Ltd, Taparia Tools Ltd, Gala Precision Engineering Pvt Ltd, Abhishek Alloys Pvt Ltd, Nitin Castings Ltd, Veltech Forging Ltd, Investment & Precision Castings Ltd, Sivanandha Steels Ltd, Pitti Castings Pvt Ltd, Metalyst Forgings Ltd, Krishanveer Forge Ltd, A Raymond Fastners India Pvt Ltd, EL Forge Ltd, Pritika Engineering Components Ltd, De Neers Tools Ltd, Simmonds Marshall Ltd, Techno Forge Ltd, Smiths & Founders (India) Ltd, Ganesh Foundry & Castings Ltd, Aditya Forge Ltd, Simplex Castings Ltd, Kalyani Forge Ltd, Steelcast Ltd, Pradeep Metals Ltd, M M Forgings Ltd, Magna Electro Castings Ltd, Porwal Auto Components Ltd, KIC Metaliks Ltd, Jayaswal Neco Industries Ltd, Sterling Tools Ltd, Carnation Industries Ltd, Akar Auto Industries Ltd, PTC Industries Ltd, Oswal Industries Ltd, National Fittings Ltd, Lamina Foundries Ltd, Wheelabrator Alloy Castings Ltd, Mohindra Fasteners Ltd, Gazebo Industries Ltd, Nelcast Ltd, Creative Castings Ltd, Kolhapur Steel Ltd, AIA Engineering Ltd, Anup Malleables Ltd, Shri Balaji Industrial Products Ltd, Ramkrishna Forgings Ltd, Happy Forgings Ltd, Shree Ganesh Forgings Ltd, Mahindra CIE Automotive Ltd, Hilton Metal Forging Ltd, LGB Forge Ltd, Vishnu Forge Industries Ltd, Munjal Kiriu Industries Pvt Ltd, Samrat Forgings Ltd, Borgwarner Emissions Systems India Pvt Ltd, MS Agarwal Foundries Pvt Ltd, Arcvac Forgecast Ltd, Sanghvi Forging & Engineering Ltd, Bhagwati Steelcast Ltd, Ravi Technoforge Pvt Ltd, CHW Forge Pvt LTd, Right Tight Fastners Pvt Ltd, Nexo Industries Pvt Ltd, Universal Autofoundry Ltd, Super Screws Pvt Ltd, Bhagwati Spherocast Pvt Ltd, Prashant Castings Pvt Ltd, Himgiri Castings Pvt Ltd, SE Forge Ltd, Dekson Castings Ltd, Posco-India Pvt Ltd, Captain Technocast Ltd, Tirupati Forge Ltd and Kalyani Technoforge Ltd were updated in Capitaline.