Date: 30 May 2024

Castings, Forgings & Fastners

Sector	Market Cap	No of Companies
Castings, Forgings & Fastners	202034.3	55

 

NetWorth	33011.66	TTM Sales	49430.56	TTM Sales Var (%)	12.02
Debt	14994.56	TTM OP	8646.27	TTM NP Var (%)	50.92
Capital Employed	50425.13	TTM OPM (%)	19.84	EV/TM Sales	4.09
Net Block	21964.51	TTM PATM (%)	10.06	EV/TTM EBITDA	24.65
Current Assets	30720.12	Debt / Equity	0.45	P/E	40.65
ROCE (%)	35.63	RONW (%)	15.06	P/B	6.12

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

TTM ended March 2024

	30 May 2024	30 Apr 2023	30 Apr 2022	MoM Var. (%)	YoY Var. (%)
Sector Marketcap	202034.3	109391.21	82968	84.69	143.51
Total Marketcap	41320481.71	26782077.7	25450971.93	54.28	62.35
Sector's share	0.49	0.41	0.33	0.08	0.16
Sector No of companies	55	49	47	6	8
Total Listed companies	4628	4242	4089	386	539
Sector's share	1.19	1.16	1.15	0.03	0.04
Nifty 50	22488.65	22604.85	18534.4	-0.51	21.33

 

Gainers
Company Name	30/05/2024	30/04/2024	Var%
Kennametal India	3337.15	2510.85	32.91
Rolex Rings	2351.45	1880.40	25.05
Bharat Forge	1554.60	1271.15	22.30
Shivagrico Impl.	25.99	22.05	17.87
Happy Forgings	1095.45	941.85	16.31
Losers
Company Name	30/05/2024	30/04/2024	Var%
National Fitting	105.70	137.85	-23.32
Samrat Forgings	294.50	379.00	-22.30
Uni Abex Alloy	2342.30	2861.25	-18.14
Electrost.Cast.	157.30	192.00	-18.07
Porwal Auto Comp	53.33	62.93	-15.26

 

During the month of May 2024, Castings, Forgings & Fastners sector’s Marketcap increased 84.69% to Rs 202034.3 crore, compared to 54.28% rise in total listed marketcap to Rs 41320481.71 crore.

Sector’s share of total listed marketcap moved to 0.49% in May 2024 from 0.41% in April 2023 and 0.33% in April 2022.

In terms of price appreciation in the sector, there were 18 gainers and 27 losers in the month of May 2024. The gainers accounted for 32.73% of sector companies, losers accounted for 49.09% of sector companies, while 10% remained unchanged.

The top 3 gainers were Kennametal India (32.91% gain), Rolex Rings (25.05% gain) and Bharat Forge (22.30% gain).

The 3 losers at the bottom were National Fitting (-23.32% fall), Samrat Forgings (-22.30% fall) and Uni Abex Alloy (-18.14% fall).

During the month Ganga Forging Ltd, Bharat Forge Ltd, DCM Ltd, Electrosteel Castings Ltd, Synergy Green Industries Ltd, Tayo Rolls Ltd, Kennametal India Ltd, Bhagwati Autocast Ltd, Uni Abex Alloy Products Ltd, Taparia Tools Ltd, Pritika Engineering Components Ltd, Nitin Castings Ltd, Investment & Precision Castings Ltd, Krishanveer Forge Ltd, EL Forge Ltd, Smiths & Founders (India) Ltd, Simplex Castings Ltd, Gujarat Intrux Ltd, Steelcast Ltd, Pradeep Metals Ltd, M M Forgings Ltd, Shivagrico Implements Ltd, Magna Electro Castings Ltd, Porwal Auto Components Ltd, Sterling Tools Ltd, PTC Industries Ltd, Balu Forge Industries Ltd, Alicon Castalloy 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, Rolex Rings Ltd, Samrat Forgings Ltd, Universal Autofoundry Ltd and Tirupati Forge Ltd announced their results. Of these Bharat Forge Ltd, Electrosteel Castings Ltd, Kennametal India Ltd, Bhagwati Autocast Ltd, Taparia Tools Ltd, Nitin Castings Ltd, EL Forge Ltd, Gujarat Intrux Ltd, Pradeep Metals Ltd, M M Forgings Ltd, Magna Electro Castings Ltd, Sterling Tools Ltd, Balu Forge Industries Ltd, Alicon Castalloy Ltd, National Fittings Ltd, Nelcast Ltd, Creative Castings Ltd, AIA Engineering Ltd, Palco Metals Ltd, Ramkrishna Forgings Ltd, Happy Forgings Ltd, CIE Automotive India Ltd and Universal Autofoundry Ltd reported rise in net profit attributable to shareholders. Companies like Rolex Rings Ltd, Steelcast Ltd, PTC Industries Ltd, Uni Abex Alloy Products Ltd, Synergy Green Industries Ltd, GTV Engineering Ltd, Tirupati Forge Ltd, Krishanveer Forge Ltd, Investment & Precision Castings Ltd, Samrat Forgings Ltd, Pritika Engineering Components Ltd and Hilton Metal Forging Ltd reported fall in net profit attributable to shareholders.

Companies like DCM Ltd, Simplex Castings Ltd and Porwal Auto Components Ltd reported loss to profit and Ganga Forging Ltd and Palco Metals Ltd reported profit to loss.

While M M Forgings Ltd announced bonus shares in the ratio of 1:1.

Alicon Castalloy Ltd, Gujarat Intrux Ltd, Kennametal India Ltd and Ramkrishna Forgings Ltd became ex-dividend.

During the month Bharat Forge Ltd, DCM Ltd, Electrosteel Castings 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, Sterling Tools Ltd, Carnation Industries Ltd, PTC Industries Ltd, Balu Forge Industries Ltd, Alicon Castalloy 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, Rolex Rings Ltd, Samrat Forgings Ltd, Deem Roll-Tech Ltd, Universal Autofoundry Ltd, Dekson Castings Ltd, Captain Technocast Ltd, Tirupati Forge Ltd, Ganga Forging Ltd, Synergy Green Industries Ltd, Gala Precision Engineering 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 Electrosteel Castings Ltd from 17.49% to 19.70%, Rolex Rings Ltd from 6.28% to 7.74%, Ramkrishna Forgings Ltd from 23.59% to 24.54%, M M Forgings Ltd from 1.93% to 2.28%, Alicon Castalloy Ltd from 0.26% to 0.37%, PTC Industries Ltd from 3.78% to 3.82%, Nelcast Ltd from 0.88% to 0.90% and Hilton Metal Forging Ltd from 0.27% to 0.28%. FIIs reduced their shareholding in AIA Engineering Ltd from 18.29% to 18.17%, Bharat Forge Ltd from 16.60% to 16.47%, Deem Roll-Tech Ltd from 0.36% to 0.01%, Sharp Chucks and Machines Ltd from 0.48% to 0.02%, CIE Automotive India Ltd from 5.63% to 5.12%, Synergy Green Industries Ltd from 3.23% to 2.60%, Balu Forge Industries Ltd from 9.62% to 8.74%, Happy Forgings Ltd from 2.06% to 1.12%, Kalyani Cast-Tech Ltd from 2.87% to 0.38% and Amic Forging Ltd from 6.99% to 1.33%.

DIIs increased their shareholding in CIE Automotive India Ltd from 14.94% to 17.40%, Happy Forgings Ltd from 5.82% to 8.13%, Kennametal India Ltd from 12.76% to 13.43% and Bharat Forge Ltd from 25.12% to 25.23%. DIIs reduced their shareholding in PTC Industries Ltd from 0.44% to 0.42%, Kalyani Cast-Tech Ltd from 0.04% to 0.00%, Ramkrishna Forgings Ltd from 2.00% to 1.96%, Electrosteel Castings Ltd from 0.45% to 0.36%, Amic Forging Ltd from 0.23% to 0.00%, Rolex Rings Ltd from 30.78% to 28.91% and M M Forgings Ltd from 14.14% to 11.47%.

Promoters increased their shareholding in Tirupati Forge Ltd from 55.76% to 57.69%, Captain Technocast Ltd from 72.09% to 73.56%, Simmonds Marshall Ltd from 59.12% to 59.57%, Ganga Forging Ltd from 40.64% to 40.82%, Amic Forging Ltd from 57.74% to 57.82% and Ramkrishna Forgings Ltd from 43.14% to 43.17%. Promoters reduced their shareholding in PTC Industries Ltd from 63.99% to 62.95%, Universal Autofoundry Ltd from 42.52% to 41.42% and Galaxy Agrico Exports Ltd from 73.22% to 71.74%.

During the month Annual reports of Ganga Forging Ltd, Bharat Forge Ltd, Oswal Castings Pvt Ltd, DCM Ltd, Kumar Autocast Ltd, Electrosteel Castings Ltd, ISPL Industries Ltd, Synergy Green Industries Ltd, Tayo Rolls Ltd, Gala Precision Engineering Ltd, Kennametal India Ltd, Abhishek Alloys Pvt Ltd, Bhagwati Autocast Ltd, Hiten Fasteners Pvt Ltd, Siderforgerossi India Pvt Ltd, Veltech Forging Ltd, Gluhend India Pvt Ltd, Uni Abex Alloy Products Ltd, Jsons Foundry Pvt Ltd, Lava Cast Pvt Ltd, Pitti Castings Pvt Ltd, Om Besco Rail Products Ltd, Taparia Tools Ltd, Sanmati Precision Engineering Ltd, High Tensil Fastnuts (India) Pvt Ltd, Pritika Engineering Components Ltd, Kalyani Cast-Tech Ltd, Nitin Castings Ltd, LSR Forge Pvt Ltd, Hanchang India Pvt Ltd, Investment & Precision Castings Ltd, Pattech Fitwell Tube Components Ltd, AMA India Enterprises Pvt Ltd, Sivanandha Steels Ltd, Honsberg Saws India Pvt Ltd, Bollhoff Fastenings Pvt Ltd, Metalyst Forgings Ltd, Sunfast TVS Ltd, Briya Enterprise Ltd, Krishanveer Forge Ltd, Natraj Iron & Castings Pvt Ltd, EL Forge Ltd, Wear Steels Pvt Ltd, Balls & Cylpebs Ltd, Shree Sponge Steel & Casting Ltd, Simmonds Marshall Ltd, Rollwell Forge Pvt Ltd, Ramya Balaji Alloy Pvt Ltd, Phoenix Forge Pvt Ltd, Aqua Alloys Pvt Ltd, Magnum Forge & Machine Works Pvt Ltd, Techno Forge Ltd, Magna Casting & Machine Works Pvt Ltd, Smiths & Founders (India) Ltd, Arihant Technocast India Pvt Ltd, Pashupati Ispat Pvt Ltd, Aditya Forge Ltd, Jai Mata Foundrex Ltd, Simplex Castings Ltd, Nandina Iron & Steels Ltd, G S Alloy Castings Pvt Ltd, Ferrous Forgings Ltd, Gujarat Intrux Ltd, Umashakti Steels Pvt Ltd, Kalyani Forge Ltd, Rajan Technocast Pvt Ltd, Steelcast Ltd, Govind Steel Co. Ltd, Pradeep Metals Ltd, NSI (India) Ltd, Gemus Engineering Ltd, Mackeil Ispat & Forging Ltd, Balkrishna Steel Forge Pvt Ltd, M M Forgings Ltd, Ramsons Castings Pvt Ltd, Shivagrico Implements Ltd, Bay-Forge Pvt Ltd, Magna Electro Castings Ltd, Leak-Proof Cast (India) Pvt Ltd, Porwal Auto Components Ltd, Hindustan Inox Ltd, Unique Valves Pvt Ltd, H N V Castings Pvt Ltd, Fine Cast (Guj) Pvt Ltd, Shree Hans Alloys Ltd, Karan Techno Cast Pvt Ltd, Godawri Spherocast Pvt Ltd, J G Foundry Ltd, Weartech Alloys Pvt Ltd, Rajasthan Udyogs & Tools Ltd, Dynamatic Manufacturing Ltd, Sterling Tools Ltd, Dee Dee Steel Castings Pvt Ltd, Carnation Industries Ltd, Osho Forge Ltd, Samir Castings Pvt Ltd, Monark Ductile Iron Casting Pvt Ltd, PTC Industries Ltd, Ranba Castings Ltd, Menon and Menon Ltd, G P T Castings Ltd, Vignyan Industries Ltd, Anjali Aluminium Pvt Ltd, Upper India Special Castings Ltd, Balu Forge Industries Ltd, Super Tech Castings Pvt Ltd, Invac Cast Ltd, Alicon Castalloy Ltd, Mayurbhanj Metals Ltd, Voestalpine Vae V K N India Pvt Ltd, Kisaan Die Tech Pvt Ltd, National Fittings Ltd, Patodia Forgings & Gears Ltd, Accurate Steel Forgings (India) Ltd, Lamina Foundries Ltd, I M Amis Forgings Pvt Ltd, Dimo Castings Pvt Ltd, Karmen International Pvt Ltd, Crescent Foundry Co. Pvt Ltd, Wheelabrator Alloy Castings Ltd, Menon Piston Rings Pvt Ltd, J K E W Metalec Ltd, Mohindra Fasteners Ltd, R B Forgings Pvt Ltd, Mutha Engineering Pvt Ltd, Blue Stampings & Forgings Ltd, Rajasthan Udyog & Tools Pvt Ltd, GTV Engineering Ltd, Marvelous Engineers Pvt Ltd, Sankalp Engineering & Services Pvt Ltd, Aesthetic Stampings & Laminations Ltd, Indoshell Automotive Systems India Pvt Ltd, Indo Shell Mould Ltd, Happy Steels Pvt Ltd, R S I Pvt Ltd, Dee Dee Steel Castings Ltd, Arjan Dass & Sons Pvt Ltd, Gazebo Industries Ltd, Sudhir Forgings Pvt Ltd, Nelcast Ltd, Satara Technocrats Pvt Ltd, Galaxy Agrico Exports Ltd, Ramco Steels Pvt Ltd, Ghatghe Patil Industries Ltd, Kumar Precision Stampings Pvt Ltd, Creative Castings Ltd, R D Forge Pvt Ltd, Menon & Menon Ltd (2018), Kems Forgings Ltd, Kolhapur Steel Ltd, Southern Ferro Ltd, Flash Forge Pvt Ltd, Sharp Chucks and Machines Ltd, Amic Forging Ltd, Logwell Forge Ltd, Singla Forging Pvt Ltd, Steel & Industrial Forgings Ltd, Hi-Mac Castings Pvt Ltd, Saketh Seven Star Industries Ltd, Osho Tools Pvt Ltd, Datre Corporation Ltd, Paramount Speciality Forgings Ltd, AIA Engineering 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, Coimbatore Metal Works 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, Rolex Rings Ltd, Samrat Forgings Ltd, Borgwarner Emissions Systems India Pvt Ltd, MS Agarwal Foundries Pvt Ltd, Shriram Foundry Ltd, Arcvac Forgecast Ltd, BF Industrial Technology & Solutions 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, Mahavir Castings 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, Kaloti Engg.Company Pvt 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, Amazone Castings & Engineering Pvt Ltd, Kalyani Technoforge Ltd, Anu Fasteners Pvt Ltd, Jyoti Toolings & Press Components Pvt Ltd, Neel Industries Pvt Ltd, Echjay Industries Pvt Ltd, SKS Fasteners Ltd, KHK Pressings & Forgings Pvt Ltd, MCS Fasteners (India) Ltd, J S Auto Cast Foundry India Pvt Ltd, Shivalik Engineering Industries Ltd and Amex Alloys Pvt Ltd were updated in Capitaline.