EL FORGE

Chennai, India Founded: 1964 • Age: 62 yrs Listed
Forged components for automotive and non-automotive sectors are produced.

About EL FORGE

EL FORGE is a publicly listed company based in Chennai (India) founded in 1964. Forged components for automotive and non-automotive sectors are produced. It operates on a B2B2C model. The company has 146 employees. Its Indian entity E L Forge Limited reported revenue of ₹80.96 Cr. EL FORGE offers products and services including Light Duty Crankshafts, Rocker Arms, and Common Injection Rails. Its focus areas include Manufacturing, Automotive Components and Forged Parts. Similar companies include Maini Precision Products, Ramkrishna Forgings and Bharat Forge.

Company details

EL FORGE is involved in the production of forged and machined components for the automotive and non-automotive sectors. Operations are focused on serving major vehicle and component manufacturers in domestic and international markets. Materials such as micro alloy steels, carbon, alloy, and stainless steel are handled. Solutions include closed die forgings, crankshafts, rocker arms, and common injection rails. Advanced engineering design and quality control processes are maintained through CADCAM and CAE facilities.

  • Headquarters Chennai, India
  • Employees 146
  • Stage Public
  • Sectors
    Transportation, Automotive & Logistics
  • Phone
    •••• ••••
  • Website elforge.com
  • Legal Name El Forge Ltd.
Key Metrics
  • Market Cap
    ₹49.27 Cr

    ELFORGE · BSE

  • Share Price
    ₹24.40

    +0.66% today

  • Revenue
    ₹90.92 Cr

    FY 2013-14

  • EBITDA
    −₹1.05 Cr

    Margin -1.1%

  • Net Profit
    −₹10.62 Cr

    FY 2013-14

  • Debt / Equity
    34.75

    Interest cover -29.4x

  • Employee Count
    146

Products & Services of EL FORGE

EL FORGE offers a comprehensive portfolio of products and services, including Light Duty Crankshafts, Rocker Arms, and Common Injection Rails.

Light Duty Crankshafts
Automotive Components

Crankshafts are manufactured for single and twin-cylinder engines.

Rocker Arms
Automotive Components

Rocker arms are supplied for diesel engine applications.

Common Injection Rails
Automotive Components

Common rails are produced for fuel injection systems.

Board of directors of E L Forge Limited (EL FORGE)

E L Forge Limited is the primary company behind EL FORGE. The board of E L Forge Limited currently have 6 directors; the longest-serving is Venkataraman Srikanth, appointed in 1983. 15 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Venkataraman Srikanth
DIN 00076856
Director26 Aug 198343 yrs 2 moE L Forge Limited
Korukkai Visweswaran Ramachandran
DIN 00322331
Managing Director30 Aug 199135 yrs 2 moE L Forge Limited
Shubha Ganesh
DIN 01467766
Director30 Jul 20215 yrs 3 moE L Forge Limited
Srinivasan Balakrishnan
DIN 08723052
Director13 Oct 20215 yrs 1 moE L Forge Limited
Srinivasan Vasudevan
DIN 01567080
Director04 Jun 20265 moE L Forge Limited
Niranjan Sivan
DIN 11738418
Director04 Jun 20265 moE L Forge Limited

IPO & Listings of EL FORGE

EL FORGE is a publicly listed company on the BSE with ticker symbol ELFORGE in India, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date10 Oct 1995
  • Listed onBSE: 531144
  • Listed entityEL Forge Ltd.
  • Exchange sectorProducer manufacturing
  • ISININE158F01017
  • Share price₹24.20 (+3.42% on the day) · 2026-10-14
  • Market capitalisation₹47.6 Cr
  • Price to earnings15.3
  • EPS (diluted, trailing year)₹1.58
  • Volume (last session)6,849

Financials of EL FORGE

Exchange-reported figures of E L Forge Limited, the listed company behind EL FORGE (BSE: ELFORGE).

Financial Highlights

FY 2013-14 · Consolidated
Revenue
₹90.92 Cr
-12.6% YoY
EBITDA
−₹1.05 Cr
+90.9% YoY
Profit After Tax
−₹10.62 Cr
+69.1% YoY
Net Worth
₹0.20 Cr
Total Assets
₹147 Cr
Total Debt
₹146 Cr

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2013-14Jun 2013
Income statement
Revenue90.92104
EBITDA(1.05)(11.55)
EBITDA margin-1.2%-11.1%
Profit before tax(10.62)(34.09)
Net profit(10.62)(34.33)
Net profit margin-11.7%-33.0%
EPS (₹)0.000.00
Balance sheet
Total assets147-
Net worth0.20-
Total debt146-
Cash & bank0.53-
Net working capital13.34-
Cash flow
Cash from operations(7.00)-
Cash from investing4.51-
Cash from financing1.64-
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue80.4176.1368.3258.4640.3427.3032.80
Revenue growth+5.6%+11.4%+16.9%+44.9%+47.8%-16.8%-
EBITDA4.204.023.472.910.49(14.41)(14.20)
EBITDA margin+5.2%+5.3%+5.1%+5.0%+1.2%-52.8%-43.3%
Profit before tax2.422.2971.11(2.32)(3.96)(2.27)0.60
Net profit2.372.152.94(1.39)(5.39)(17.12)(8.89)
Net profit margin+3.0%+2.8%+4.3%-2.4%-13.4%-62.7%-27.1%
EPS (₹)1.201.1334.99(1.13)(1.95)(1.12)0.30
Balance sheet
Total assets31.9029.4727.1726.5628.8632.70(30.59)
Net worth27.2124.7722.48(48.69)(46.38)(42.41)(40.13)
Total debt0.000.000.000.000.000.009.55
Cash & bank5.304.022.982.331.420.830.18
Net working capital9.386.343.512.221.62(0.13)(72.98)
Cash flow
Cash from operations3.142.401.223.340.026.2421.03
Cash from investing(1.37)(0.89)(0.08)(2.04)1.01(0.28)(0.21)
Cash from financing(0.50)(0.48)(0.48)(0.40)(0.43)(5.32)(21.00)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue24.2021.8322.5120.1717.1120.6119.6018.98
Revenue growth (YoY)+41.4%+5.9%+14.9%+6.3%-16.7%+21.1%--
Other income0.170.090.220.060.120.140.200.09
Total expenses22.8220.1320.7419.3316.3719.7518.6417.93
EBITDA1.381.701.770.840.740.860.961.05
EBITDA margin+5.7%+7.8%+7.9%+4.2%+4.3%+4.2%+4.9%+5.5%
Depreciation0.510.490.630.280.450.460.480.46
Interest0.130.120.120.120.120.140.120.12
Profit before tax0.911.181.240.500.290.400.560.56
Tax0.000.000.000.000.000.000.000.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 13 Nov 2026
ParticularsFY 2013-14Jun 2013
Revenue90.92104
Other income0.901.06
Total expenses91.97116
Employee cost15.0719.15
EBITDA(1.05)(11.55)
EBITDA margin-1.2%-11.1%
Depreciation7.858.82
Interest2.6214.78
Profit before tax(10.62)(34.09)
Tax0.000.00
Net profit(10.62)(34.33)
Net profit margin-11.7%-33.0%
EPS (₹)0.000.00
ParticularsFY 2013-14Jun 2013
Equity & liabilities
Share capital32.44-
Reserves & surplus(32.24)-
Shareholders' funds (net worth)0.20-
Minority interest0.00-
Secured loans140-
Unsecured loans6.18-
Total debt146-
Total liabilities147-
Assets
Gross block177-
Net block111-
Capital work in progress3.04-
Investments0.19-
Inventories29.01-
Sundry debtors24.09-
Cash & bank balances0.53-
Loans & advances6.15-
Total current assets59.78-
Total current liabilities46.44-
Net working capital13.34-
Total assets147-
ParticularsFY 2013-14Jun 2013
Opening cash1.38-
Net cash from operating activities(7.00)-
Net cash from investing activities4.51-
Net cash from financing activities1.64-
Net change in cash(0.85)-
Closing cash0.53-
ParticularsFY 2013-14Jun 2013
Growth
PBT growth+58.5%+9997.0%
Profitability & leverage
Net income margin-11.7%-32.8%
Return on capital employed0.0%0.0%
Return on net worth0.0%0.0%
Debt / equity34.755.11
Long-term debt / equity15.912.75
Interest cover-29.44-72.56
Efficiency & per share
Fixed asset turnover0.780.67
Inventory turnover4.553.50
Debtors turnover5.153.80
EPS (₹)0.000.00
Dividend per share (₹)0.000.00
Book value per share (₹)(6.57)(1.39)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue24.2021.8322.5120.1717.1120.6119.6018.98
Revenue growth (YoY)+41.4%+5.9%+14.9%+6.3%-16.7%+21.1%--
Other income0.170.090.220.060.120.140.200.09
Total expenses22.8220.1320.7419.3316.3719.7518.6417.93
EBITDA1.381.701.770.840.740.860.961.05
EBITDA margin+5.7%+7.8%+7.9%+4.2%+4.3%+4.2%+4.9%+5.5%
Depreciation0.510.490.630.280.450.460.480.46
Interest0.130.120.120.120.120.140.120.12
Profit before tax0.911.181.240.500.290.400.560.56
Tax0.000.000.000.000.000.000.000.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue80.4176.1368.3258.4640.3427.3032.80
Revenue growth+5.6%+11.4%+16.9%+44.9%+47.8%-16.8%-
Other income0.550.5969.960.062.1518.7221.59
Total expenses76.2172.1164.8555.5539.8541.7147.00
Employee cost12.3711.039.919.657.514.797.44
EBITDA4.204.023.472.910.49(14.41)(14.20)
EBITDA margin+5.2%+5.3%+5.1%+5.0%+1.2%-52.8%-43.3%
Depreciation1.831.841.844.896.176.126.59
Interest0.500.480.480.400.430.460.20
Profit before tax2.422.2971.11(2.32)(3.96)(2.27)0.60
Tax0.000.000.000.000.000.000.00
Net profit2.372.152.94(1.39)(5.39)(17.12)(8.89)
Net profit margin+3.0%+2.8%+4.3%-2.4%-13.4%-62.7%-27.1%
EPS (₹)1.201.1334.99(1.13)(1.95)(1.12)0.30
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital20.3220.3220.3232.4432.4432.4432.44
Reserves & surplus6.894.452.16(81.13)(78.82)(74.85)(72.57)
Shareholders' funds (net worth)27.2124.7722.48(48.69)(46.38)(42.41)(40.13)
Secured loans0.000.000.000.000.000.004.69
Unsecured loans0.000.000.000.000.000.004.86
Total debt0.000.000.000.000.000.009.55
Total liabilities31.9029.4727.1726.5628.8632.70(30.59)
Assets
Gross block125124123123122122119
Net block21.2621.4322.0123.4826.5731.9934.58
Capital work in progress0.010.000.000.000.000.003.07
Investments0.040.000.000.000.000.003.74
Inventories3.873.343.804.184.303.5914.15
Sundry debtors6.646.125.443.781.991.363.28
Cash & bank balances5.304.022.982.331.420.830.18
Loans & advances2.452.612.082.491.951.871.48
Total current assets18.2616.0914.3012.789.667.6519.09
Total current liabilities8.889.7510.7910.568.047.7892.07
Net working capital9.386.343.512.221.62(0.13)(72.98)
Total assets31.9029.4727.1726.5628.8632.70(30.59)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash4.022.982.331.420.830.180.37
Net cash from operating activities3.142.401.223.340.026.2421.03
Net cash from investing activities(1.37)(0.89)(0.08)(2.04)1.01(0.28)(0.21)
Net cash from financing activities(0.50)(0.48)(0.48)(0.40)(0.43)(5.32)(21.00)
Net change in cash1.281.040.660.900.590.64(0.19)
Closing cash5.304.022.982.331.420.830.18
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+5.6%+11.4%+16.9%+44.9%+47.8%-16.8%-
EBITDA growth+4.5%+15.9%+19.2%+493.9%+103.4%-1.5%-
PBT growth+5.7%-96.8%+9998.0%+41.4%-74.5%--97.4%
Net income growth+10.2%-26.9%+311.5%+74.2%+68.5%-92.6%-
Revenue CAGR (3Y)+11.2%+23.6%+35.8%+21.2%-6.8%-13.7%+0.3%
EBITDA CAGR (3Y)+13.0%+101.7%---10.4%-11.5%-5.6%
Profitability & leverage
Net income margin+3.0%+3.0%+104.1%-4.0%-9.8%-8.3%+1.8%
Return on capital employed+4.1%+3.9%+7.0%0.0%0.0%0.0%-10.0%
Return on net worth+3.6%+3.4%+91.3%0.0%0.0%0.0%-16.1%
Debt / equity0.000.000.000.000.000.000.00
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover21.1022.0229.45-20.20-7.57-2.24-0.96
Efficiency & per share
Fixed asset turnover0.650.620.560.480.330.230.28
Inventory turnover22.3121.3217.1213.7910.233.082.21
Debtors turnover12.6013.1714.8220.2624.0811.778.26
EPS (₹)1.201.1334.99(1.13)(1.95)(1.12)0.30
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)13.3912.1911.06(29.92)(28.78)(26.83)(25.71)

Similar companies to EL FORGE

EL FORGE has 3 listed similar companies in our database. They include Maini Precision Products, Ramkrishna Forgings and Bharat Forge.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
mainiprecisionproducts.com1973Bengaluru, India1,445
Manufacturer & supplier of precision products and assemblies
ramkrishnaforgings.com1981Kolkata, India2,653
Ramkrishna Forgings is engaged in metal forming and manufacturing.
bharatforge.com1961Pune, India4,132
Technology-enabled automotive tools, forging, and machining materials are manufactured.
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Top companies in Automotive Manufacturing & Components

3 companies that operate in the same segment as EL FORGE (Automotive Manufacturing & Components) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Electrical and electronic parts for automobiles are provided by SEDEMAC.
2007Pune, Maharashtra, IndiaUSD 26.22 MUSD 32.69 M415
Manufacturer of petrol, CNG, diesel and electric last mile mobility 3 & 4 wheelers, passenger, and cargo vehicles
1994Mumbai, Maharashtra, IndiaUSD 137.89 MUSD 24.41 B33,980
Lithium-ion batteries for electric vehicles are manufactured across categories.
2006Gurugram, Haryana, IndiaUSD 34.18 M177
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Frequently Asked Questions about EL FORGE

EL FORGE was founded in 1964.

EL FORGE is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.

EL FORGE has 146 employees.

The primary company behind EL FORGE, E L Forge Limited, reported revenue of ₹80.96 Cr for FY 2026, up 6% year on year.

EL FORGE is involved in the production of forged and machined components for the automotive and non-automotive sectors. Operations are focused on serving major vehicle and component manufacturers in domestic and international markets. Materials such as micro alloy steels, carbon, alloy, and stainless steel are handled. Solutions include closed die forgings, crankshafts, rocker arms, and common injection rails. Advanced engineering design and quality control processes are maintained through CADCAM and CAE facilities.

EL FORGE's top competitors include Bharat Forge, Maini Precision Products and Ramkrishna Forgings.

EL FORGE offers Light Duty Crankshafts, Rocker Arms, and Common Injection Rails.

Yes, EL FORGE is publicly traded on BSE under the ticker symbol ELFORGE.

EL FORGE operates through E L Forge Limited.

The legal entities of EL FORGE currently have 8 directors, including Korukkai Visweswaran Ramachandran, Srinivasan Balakrishnan, Shubha Ganesh and others.

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