AMIC Forging Ltd (AMIC.BO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-113.6%

-₹274.60

vs ₹2,021.55 price

Levered DCF

-₹840.33

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

36.47

Safe zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
P/E	48.02×	32.88×	42.39×	27.29×	224.42×	344.32×	457×
P/B	6.39×	9.4×	9.08×	9.85×	25.69×	29.01×	42.09×
P/S	9.57×	9.64×	4.65×	1.68×	2.73×	7.36×	14.44×
EV / EBITDA	30.98×	23.6×	34.68×	13.69×	93.18×	130.29×	180.81×
Gross margin	43.2%	33.0%	24.2%	12.6%	3.2%	5.9%	19.2%
Operating margin	27.6%	20.7%	22.7%	11.2%	2.3%	4.1%	4.9%
Net margin	19.9%	29.3%	11.0%	8.4%	1.2%	2.1%	3.2%
Current ratio	2.32×	2.64×	1.97×	0.85×	1.02×	1.92×	1.82×
Debt / equity	0.03×	0×	0.06×	0.26×	1.42×	0.65×	0.39×
Interest coverage	81.56×	61.18×	54.51×	16.4×	2.54×	3.51×	0×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Return on equity	13.3%	28.6%	21.4%	49.0%	11.5%	8.4%	9.3%
Return on invested capital	12.7%	15.7%	30.9%	37.7%	6.1%	6.9%	8.1%
Return on assets	11.1%	23.3%	15.0%	15.5%	2.7%	3.5%	4.9%
Free cash flow yield	-4.0%	-2.1%	-2.2%	7.7%	1.9%	-1.3%	-0.5%
Earnings yield	2.1%	3.0%	2.4%	5.0%	0.4%	0.3%	0.2%
Enterprise value	₹13.6B	₹11.5B	₹5.8B	₹2B	₹2B	₹2B	₹2B
Net debt / EBITDA	-0.03×	-0.4×	-0.49×	0.26×	4.79×	2.76×	1.6×
Cash conversion cycle (days)	181	87	23	-13	6	72	43