Date: 30 May 2023

Castings, Forgings & Fastners

Sector	Market Cap	No of Companies
Castings, Forgings & Fastners	128189.47	47

 

NetWorth	28005.73	TTM Sales	47708.56	TTM Sales Var (%)	27.26
Debt	14858.66	TTM OP	6158.69	TTM NP Var (%)	2.55
Capital Employed	46373.63	TTM OPM (%)	14.57	EV/TM Sales	2.69
Net Block	20337.83	TTM PATM (%)	6.00	EV/TTM EBITDA	22.76
Current Assets	27709.02	Debt / Equity	0.53	P/E	44.78
ROCE (%)	25.14	RONW (%)	10.22	P/B	4.58

The above figures are in Rs. Crores as of 30 May 2023

TTM ended March 2023

	30 May 2023	30 Apr 2022	30 Apr 2021	MoM Var. (%)	YoY Var. (%)
Sector Marketcap	128186.28	92681.24	76796.41	38.31	66.92
Total Marketcap	28478031.31	26851884.58	22393056.31	6.06	27.17
Sector's share	0.45	0.35	0.34	0.1	0.11
Sector No of companies	46	44	41	2	5
Total Listed companies	4299	4116	3984	183	315
Sector's share	1.07	1.07	1.03	0	0.04
Nifty 50	18633.85	18065	16584.55	3.15	12.36

 

Gainers
Company Name	30/05/2023	28/04/2023	Var%
Nitin Castings	573.00	304.15	88.39
Synergy Green	159.25	130.20	22.31
Electrost.Cast.	46.31	37.93	22.09
Inv.& Prec.Cast.	446.95	369.30	21.03
Creative Casting	585.85	485.00	20.79
Losers
Company Name	30/05/2023	28/04/2023	Var%
Palco Metals Ltd	67.00	81.84	-18.13
Pradeep Metals	155.95	182.05	-14.34
Sterling Tools	348.70	396.75	-12.11
Poojawes. Metal.	30.55	34.50	-11.45
Nelcast	92.80	101.34	-8.43

 

During the month of May 2023, Castings, Forgings & Fastners sector’s Marketcap increased 38.31% to Rs 128186.28 crore, compared to 6.06% rise in total listed marketcap to Rs 28478031.31 crore.

Sector’s share of total listed marketcap moved to 0.45% in May 2023 from 0.35% in April 2022 and 0.34% in April 2021.

In terms of price appreciation in the sector, there were 24 gainers and 15 losers in the month of May 2023. The gainers accounted for 51.06% of sector companies, losers accounted for 31.91% of sector companies, while 8% remained unchanged.

The top 3 gainers were Nitin Castings (88.39% gain), Synergy Green (22.31% gain) and Electrost.Cast. (22.09% gain).

The 3 losers at the bottom were Palco Metals Ltd (-18.13% fall), Pradeep Metals (-14.34% fall) and Sterling Tools (-12.11% 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, Taparia Tools Ltd, Synergy Green Industries Ltd, Nitin Castings Ltd, Metalyst Forgings Ltd, Krishanveer Forge Ltd, EL Forge Ltd, Simmonds Marshall Ltd, Smiths & Founders (India) Ltd, Simplex Castings 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, National Fittings Ltd, Nelcast Ltd, Creative Castings Ltd, AIA Engineering Ltd, Hilton Metal Forging Ltd, LGB Forge Ltd, Samrat Forgings Ltd and Tirupati Forge Ltd announced their results. Of these Sundram Fasteners Ltd, Bhagwati Autocast Ltd, Uni Abex Alloy Products Ltd, Krishanveer Forge Ltd, Poojawestern Metaliks Ltd, Synergy Green Industries Ltd, Steelcast Ltd, M M Forgings Ltd, Magna Electro Castings Ltd, KIC Metaliks Ltd, Akar Auto Industries Ltd, Creative Castings Ltd, AIA Engineering Ltd, Samrat Forgings Ltd and Tirupati Forge Ltd reported rise in net profit attributable to shareholders. Companies like Bharat Forge Ltd, Electrosteel Castings Ltd, Taparia Tools Ltd, Sterling Tools Ltd, Jayaswal Neco Industries Ltd, Nelcast Ltd, Pradeep Metals Ltd, Hilton Metal Forging Ltd, National Fittings Ltd and Nitin Castings Ltd reported fall in net profit attributable to shareholders.

Companies like Simmonds Marshall Ltd and EL Forge Ltd reported loss to profit and Simplex Castings Ltd, LGB Forge Ltd and DCM Ltd reported profit to loss.

M M Forgings Ltd, Ramkrishna Forgings Ltd and Sundram Fasteners 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 Mahindra CIE Automotive Ltd from 7.29% to 8.62%, Ramkrishna Forgings Ltd from 14.00% to 14.81%, M M Forgings Ltd from 1.16% to 1.65%, AIA Engineering Ltd from 17.78% to 18.04%, Sterling Tools Ltd from 0.01% to 0.06% and Nelcast Ltd from 0.85% to 0.88%. FIIs reduced their shareholding in Sundram Fasteners Ltd from 11.67% to 11.64%, Hilton Metal Forging Ltd from 0.04% to 0.00%, DCM Ltd from 0.11% to 0.00%, Steelcast Ltd from 0.25% to 0.09%, Electrosteel Castings Ltd from 15.13% to 14.69%, Tirupati Forge Ltd from 0.66% to 0.00%, Bharat Forge Ltd from 17.88% to 16.17% and Synergy Green Industries Ltd from 9.88% to 5.92%.

DIIs increased their shareholding in Mahindra CIE Automotive Ltd from 7.34% to 10.77%, Bharat Forge Ltd from 24.54% to 25.67%, M M Forgings Ltd from 16.44% to 16.81% and Ramkrishna Forgings Ltd from 3.31% to 3.41%. DIIs reduced their shareholding in Sundram Fasteners Ltd from 18.53% to 18.51%, AIA Engineering Ltd from 20.35% to 20.31%, Electrosteel Castings Ltd from 1.77% to 1.63% and DCM Ltd from 4.15% to 3.98%.

Promoters increased their shareholding in Bhagwati Autocast Ltd from 73.44% to 73.75% and KIC Metaliks Ltd from 66.08% to 66.19%. Promoters reduced their shareholding in Hilton Metal Forging Ltd from 28.07% to 28.00% and Mahindra CIE Automotive Ltd from 74.96% to 68.89%.

During the month Annual reports of Bharat Forge Ltd, DCM Ltd, SKS Fasteners 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, 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, Gala Precision Engineering Pvt Ltd, Abhishek Alloys Pvt Ltd, Nitin Castings Ltd, Hiten Fasteners Pvt Ltd, Siderforgerossi India Pvt Ltd, Investment & Precision Castings Ltd, Veltech Forging Ltd, Sivanandha Steels Ltd, Metalyst Forgings Ltd, Pitti Castings Pvt Ltd, Krishanveer Forge Ltd, EL Forge Ltd, A Raymond Fastners India Pvt Ltd, Pritika Engineering Components Ltd, De Neers Tools Ltd, Simmonds Marshall Ltd, LSR Forge Pvt Ltd, Hanchang India Pvt Ltd, AMA India Enterprises Pvt Ltd, Honsberg Saws India Pvt Ltd, Bollhoff Fastenings 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, Sadhu Forgings Ltd, Sanmar Matrix Metals 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, Western India Forgings Pvt Ltd, Mahavir Rolling Mill Ltd, Nexo Industries Pvt Ltd, Paranjape Autocast Pvt Ltd, Vinir Engineering 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.