Date: 31 Mar 2023

Castings, Forgings & Fastners

Sector	Market Cap	No of Companies
Castings, Forgings & Fastners	116839.53	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	2.47
Net Block	19601.54	TTM PATM (%)	5.93	EV/TTM EBITDA	21.29
Current Assets	26273.56	Debt / Equity	0.53	P/E	41.69
ROCE (%)	25.23	RONW (%)	10.49	P/B	4.37

The above figures are in Rs. Crores as of 31 Mar 2023

TTM ended December 2022

	31 Mar 2023	28 Feb 2022	28 Feb 2021	MoM Var. (%)	YoY Var. (%)
Sector Marketcap	116839.53	87423.03	76037.56	33.65	53.66
Total Marketcap	25941568.79	25401085.45	20526050.23	2.13	26.38
Sector's share	0.45	0.34	0.37	0.11	0.08
Sector No of companies	46	44	42	2	4
Total Listed companies	4285	4096	4012	189	273
Sector's share	1.07	1.07	1.05	0	0.02
Nifty 50	17359.75	17303.95	17464.75	0.32	-0.6

 

Gainers
Company Name	31/03/2023	28/02/2023	Var%
Uni Abex Alloy	980.00	807.40	21.38
Sterling Tools	401.95	334.45	20.18
Samrat Forgings	167.45	140.05	19.56
Nitin Castings	245.55	213.10	15.23
Universal Auto.	159.85	138.95	15.04
Losers
Company Name	31/03/2023	28/02/2023	Var%
Metalyst Forg.	2.48	3.80	-34.74
EL Forge	6.68	8.90	-24.94
Lak. Prec. Screw	3.89	4.92	-20.93
Tayo Rolls	51.07	64.55	-20.88
Mahindra CIE	350.60	424.15	-17.34

 

During the month of March 2023, Castings, Forgings & Fastners sector’s Marketcap increased 33.65% to Rs 116839.53 crore, compared to 2.13% rise in total listed marketcap to Rs 25941568.79 crore.

Sector’s share of total listed marketcap moved to 0.45% in March 2023 from 0.34% in February 2022 and 0.37% in February 2021.

In terms of price appreciation in the sector, there were 10 gainers and 30 losers in the month of Mar 2023. The gainers accounted for 21.74% of sector companies, losers accounted for 65.22% of sector companies, while 6% remained unchanged.

The top 3 gainers were Uni Abex Alloy (21.38% gain), Sterling Tools (20.18% gain) and Samrat Forgings (19.56% gain).

The 3 losers at the bottom were Metalyst Forg. (-34.74% fall), EL Forge (-24.94% fall) and Lak. Prec. Screw (-20.93% fall).

Bharat Forge Ltd, Pradeep Metals Ltd, Ramkrishna Forgings Ltd, Steelcast Ltd, Steelcast Ltd, Steelcast Ltd, Sundram Fasteners Ltd, Sundram Fasteners Ltd and Taparia Tools Ltd announced dividend of 1.5, 1, 0.5, 0.9, 1.35, 1.8, 2, 3.57 and 77.5.

Taparia Tools 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, Pritika Engineering Components Ltd and De Neers Tools 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%, Universal Autofoundry Ltd from 61.49% to 51.47% 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, Hiten Fasteners Pvt Ltd, Nitin Castings Ltd, Siderforgerossi India Pvt 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, Hanchang India Pvt Ltd, Simmonds Marshall Ltd, AMA India Enterprises Pvt 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, Mahavir Rolling Mill 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.