E L Forge Limited

BSE: 531144
E L Forge Limited - machinery and equipment in Appur Village, Tamil Nadu, India. FY 2026 financials & compliance.
CIN L34103TN1934PLC000669 Incorporated 18 July 1934 ROC Chennai HQ Appur Village, Tamil Nadu, India
Active Listed - BSE: 531144 Public Limited Company machinery and equipment
Data last updated
Market Cap
₹53.01 Cr
ELFORGE · BSE
Share Price
₹28.68
+9.97% today
Revenue
₹90.92 Cr
FY 2013-14 · +6.2% YoY
EBITDA
−₹1.05 Cr
Margin -1.1%
Net Profit
−₹10.62 Cr
FY 2013-14 · +58.8% YoY
P/E (TTM)
0.0x
P/B -
ROE
0.0%
ROCE 0.0%
Debt / Equity
34.75
Interest cover -29.4x

About E L Forge Limited

Data last updated: 29 September 2026

E L Forge Limited is a public limited company based in Appur Village, Tamil Nadu, India. It specialises in industrial tools and components, a part of the broader machinery and industrial equipment sector. Incorporated on 18 July 1934, the company has been in operation for over 92 years.

Registered with ROC Chennai under CIN L34103TN1934PLC000669. Listed on BSE: 531144.

Capital: an authorised share capital of ₹39 Cr and a paid-up capital of ₹20.32 Cr. It is led by directors including Korukkai Visweswaran Ramachandran and Srinivasan Balakrishnan.

Last AGM: 20 June 2025. Financial statements filed for year ended 31 March 2025. Office: 1A Sriperumbudur High Road (Via) Singaperumal Koil Appur Village Kattangulathur Onrium, Tamil Nadu, India – 603204.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹80.41 Cr, a growth of 5.62% compared to the previous year. The net worth stands at ₹27.21 Cr (up 9.85% YoY). Total assets are valued at ₹31.9 Cr (up 8.25% YoY).

The company has a workforce of approximately 150 employees as per the latest available data.

The company is associated with 1 brand - El Forge. As per MCA filings, the company has open charges of ₹10 Cr and satisfied charges of ₹532.64 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website elforge.com.

Company Details of E L Forge Limited
CIN L34103TN1934PLC000669
Registration Number 000669
Incorporation Date 18 July 1934
ROC Chennai
Listing Status Listed (BSE: 531144)
Company Status Active
Date of Last AGM 20 June 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Korukkai Visweswaran Ramachandran Managing Director Srinivasan Balakrishnan Director Shubha Ganesh Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    elforge.com
  • Social Media
    Locked
  • Registered Address
    1A Sriperumbudur High Road (Via) Singaperumal Koil Appur Village Kattangulathur Onrium, Tamil Nadu, India – 603204
  • Industry
    Machinery and Equipment, Industrial Tools & Components
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Financials, compliance, directors, charges, ownership and filings for E L Forge Limited in one report.

10-year financials Directors & ownership Charges & compliance

Associated Brands with E L Forge Limited

E L Forge Limited operates one associated brand: EL FORGE. These brands represent E L Forge Limited's diversified market presence and brand portfolio.

Brand Description Website
EL FORGE
Forged components for automotive and non-automotive sectors are produced. elforge.com

Competitors & Alternatives of E L Forge Limited

Brands and companies operating in the same space as E L Forge Limited include Bharat Forge, Maini Precision Products, Ramkrishna Forgings and 7 more.

Competitor Description Location Founded
Bharat Forge Bharat Forge Technology-enabled automotive tools, forging, and machining materials are manufactured. Pune, India, India 1961
Maini Precision Products Maini Precision Products Manufacturer & supplier of precision products and assemblies Bengaluru, India, India 1973
Ramkrishna Forgings Ramkrishna Forgings Ramkrishna Forgings is engaged in metal forming and manufacturing. Kolkata, India, India 1981
Sertec Sertec Precision stamped components are manufactured and supplied to automotive OEMs. Birmingham, United Kingdom, United Kingdom 1962
Nemak Nemak Automotive aluminium components are manufactured and supplied to OEMs worldwide. Villa De Garcia, Mexico, Mexico 1979
Dynamatic Technologies Dynamatic Technologies Products for automotive, aeronautic, hydraulic, and security sectors are manufactured. Bengaluru, India, India 1973
Tube Investments of India Tube Investments of India High precision tubes are manufactured for automobiles and bicycles. Chennai, India, India 1949
Novelis Novelis Flat-rolled aluminum products are manufactured and supplied to OEMs. Atlanta, United States, United States 2005
Hirschvogel Automotive Group Hirschvogel Automotive Group Provide automotive manufacturers and suppliers worldwide. Denklingen, Germany, Germany 1988
NN NN High-precision metal and plastic components are designed and manufactured. Charlotte, United States, United States 1980

Business Activity of E L Forge Limited

E L Forge Limited is engaged in principal business activities including manufacturing and real estate, with detailed activities including food, beverages and tobacco products, real estate activities with own or leased property. The company has 2 registered principal business activity segments, demonstrating its operational diversity and market reach.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
C Manufacturing C1 Food, beverages and tobacco products Locked
L Real Estate L1 Real estate activities with own or leased property Locked
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Business activity turnover details for E L Forge Limited

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Auditor Details of E L Forge Limited

Auditor information for E L Forge Limited provides details about the firm responsible for auditing the company's financial statements and ensuring compliance with regulatory requirements.

Board of Directors of E L Forge Limited

E L Forge Limited is currently managed by 6 directors, with 15 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Korukkai Visweswaran Ramachandran
Also directs: Wesco Engineers Ltd, Sakthi Finance Limited, Coromandel Steels Ltd
Managing Director 30 Aug 1991 35 Years 0 Months Current
Srinivasan Balakrishnan Director 13 Oct 2021 4 Years 11 Months Current
Shubha Ganesh
Also directs: X2a Soft Labs Private Limited
Director 30 Jul 2021 5 Years 1 Months Current
Venkataraman Srikanth
Also directs: Vellore Electric Corporation Ltd, Wesco Engineers Ltd, Bazinga Learning Private Limited
Director 26 Aug 1983 43 Years 1 Months Current
Srinivasan Vasudevan
Also directs: Rajshree Sugars & Chemicals Limited, Lancor Holdings Limited, Lancor Maintenance & Services Limited and 1 more
Director 04 Jun 2026 0 Years 3 Months Current
Niranjan Sivan
Also directs: Swastha Ayurvedic Centre Llp
Director 04 Jun 2026 0 Years 3 Months Current
View all directors

Financials of E L Forge Limited FY 2025-26 filings available

E L Forge Limited reported revenue of ₹80.41 Cr (up 5.62% YoY) for FY 2025-26.

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
Revenue growth+6.2%+9997.0%
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+5.7%+11.2%+16.7%+39.4%-4.5%-11.3%-4.3%
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)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue21.8322.5120.1717.1120.6119.6018.9820.53
Revenue growth (YoY)+5.9%+14.9%+6.3%-16.7%+21.1%+13.1%+26.1%+15.9%
Other income0.090.220.060.120.140.200.090.26
Total expenses20.1320.7419.3316.3719.7518.6417.9319.52
EBITDA1.701.770.840.740.860.961.051.01
EBITDA margin+7.8%+7.9%+4.2%+4.3%+4.2%+4.9%+5.5%+4.9%
Depreciation0.490.630.280.450.460.480.460.43
Interest0.120.120.120.120.140.120.120.12
Profit before tax1.181.240.500.290.400.560.560.72
Tax0.000.000.000.000.000.000.000.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 29 Sep 2026
ParticularsFY 2013-14Jun 2013
Revenue90.92104
Revenue growth+6.2%+9997.0%
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
Sales growth+16.6%+9997.0%
EBITDA growth+87.9%+9997.0%
PBT growth+58.5%+9997.0%
Net income growth+58.8%+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)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue21.8322.5120.1717.1120.6119.6018.9820.53
Revenue growth (YoY)+5.9%+14.9%+6.3%-16.7%+21.1%+13.1%+26.1%+15.9%
Other income0.090.220.060.120.140.200.090.26
Total expenses20.1320.7419.3316.3719.7518.6417.9319.52
EBITDA1.701.770.840.740.860.961.051.01
EBITDA margin+7.8%+7.9%+4.2%+4.3%+4.2%+4.9%+5.5%+4.9%
Depreciation0.490.630.280.450.460.480.460.43
Interest0.120.120.120.120.140.120.120.12
Profit before tax1.181.240.500.290.400.560.560.72
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+5.7%+11.2%+16.7%+39.4%-4.5%-11.3%-4.3%
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%-34.1%
EBITDA growth+4.5%+15.9%+19.2%+493.9%+9998.0%-1.5%-
PBT growth+5.7%-96.8%+9998.0%+41.4%-74.5%--97.4%
Net income growth+10.2%-26.9%+9998.0%+74.2%+68.5%-92.6%-39.8%
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)
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Shareholding Pattern of E L Forge Limited

As per the shareholding pattern for the quarter ended Mar 2026, promoters hold 40.80%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00%, retail and other public shareholders hold 59.20% of E L Forge Limited.

Promoters: 40.80%Retail & Others: 59.20%
Mar 2026
QUARTER
40.80% Promoters
59.20% Retail & Others
Promoter holding - history
Now 40.80% · Mar 2026High 40.80% · Jun 2025Low 40.80% · Jun 2025
39%39.8%40.5%41.3%42%Jun 2025Sep 2025Dec 2025Mar 2026Jun 2025: 40.80%Sep 2025: 40.80%Dec 2025: 40.80%Mar 2026: 40.80%40.80%40.80%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025
Promoters40.80%40.80%40.80%40.80%
Public59.20%59.20%59.20%59.20%

Charges & Borrowings of E L Forge Limited

Open charges
₹10 Cr
Satisfied charges
₹532.64 Cr
Breakdown by lending institutions
Others₹10.00 Cr
Latest charge details
DateLenderAmountStatus
14 Jan 2020 Others ₹10 Cr Open
06 Jun 2012 Asset Reconstruction Company (India) Limited ₹117.56 Cr Satisfied
18 May 2012 Asset Reconstruction Company (India) Limited ₹38.76 Cr Satisfied
22 May 2010 Edelweiss Asset Reconstruction Company Limited ₹2.25 Cr Satisfied
13 Apr 2010 Axis Bank Ltd ₹80 Lakh Satisfied

Total charge records: 31 View all charges

Employees and EPFO Compliance at E L Forge Limited

E L Forge Limited has a workforce of 150 employees as of Apr 07, 2024.

Employee count
150
Active EPFO establishments
2
Employee growth
1.35%
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GST Compliance of E L Forge Limited

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Credit Ratings, Litigation & Regulatory Alerts for E L Forge Limited

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MSME Payment Delays by E L Forge Limited

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Subsidiaries & Group Companies of E L Forge Limited

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MCA Filings & Documents of E L Forge Limited

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Recent Activity on E L Forge Limited

Directors
04 Jun 2026
Srinivasan Vasudevan was appointed as a Director on 04 Jun 2026 & has been associated with this company since 3 months 27 days.
Directors
04 Jun 2026
Niranjan Sivan was appointed as a Director on 04 Jun 2026 & has been associated with this company since 3 months 27 days.
Activity
20 Jun 2025
E L Forge Limited last Annual general meeting of members was held on 20 Jun 2025 as per latest MCA records.
Directors
10 Apr 2025
Sujeetha Govindarajan was appointed as a Cfo on 10 Apr 2025 & has been associated with this company since 1 year 5 months.
Activity
31 Mar 2025
E L Forge Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai.
Directors
13 Oct 2021
Srinivasan Balakrishnan was appointed as a Director on 13 Oct 2021 & has been associated with this company since 4 years 11 months.

Recent News on E L Forge Limited

Frequently Asked Questions about E L Forge Limited

E L Forge Limited is an active public limited company in the machinery and equipment sector based in Appur Village, Tamil Nadu, India. It was incorporated on 18 July 1934 (92+ years old) and is registered under CIN L34103TN1934PLC000669. Listed on BSE: 531144. The company has 150 employees.

E L Forge Limited reported revenue of ₹80.41 Cr for FY 2025-26 (up 5.62% YoY) based on standalone financials.

The current directors of E L Forge Limited are:

The primary industry of E L Forge Limited is machinery and equipment. The company specifically operates in industrial tools and components. The company is currently active in this sector.

Yes. E L Forge Limited is listed on BSE with code 531144.

E L Forge Limited can be reached at the registered office: 1A Sriperumbudur High Road Via Singaperumal Koil Appur Village Kattangulathur Onrium, Tamil Nadu, India – 603204, or through the website elforge.com.

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