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 MSME · Medium
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
Authorised capital
₹39 Cr
Registered with MCA
Paid-up capital
₹20.32 Cr
Issued & subscribed

About E L Forge Limited

Data last updated:

E L Forge Limited is a public limited company based in Appur Village, Tamil Nadu, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 18 July 1934 and has been in existence for over 92 years.

The company is registered with the Registrar of Companies (ROC), Chennai, under CIN L34103TN1934PLC000669. Its GSTIN is 33AAACE1706C1ZI (Tamil Nadu). It is a listed company as per MCA records. Its shares are listed on BSE: 531144.

The company has 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 (Managing Director) and Srinivasan Balakrishnan.

Its last annual general meeting (AGM) was held on 20 June 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 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 5.6% compared to the previous year. For the same year it recorded a net profit of ₹2.37 Cr (net margin 2.9%) and EBITDA of ₹4.2 Cr (EBITDA margin 5.2%). The net worth stands at ₹27.21 Cr (up 9.9% YoY). Total assets are valued at ₹31.9 Cr (up 8.2% YoY).

The company has about 145 employees on its provident fund (EPFO) records.

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. Court records list 38 cases involving the company, including 13 filed by the company and 25 filed against it; 3 cases are pending. The company has 48 deals on record (48 market trades); the latest was in December 2024.

E L Forge Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-08-0002326). 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

CIN L34103TN1934PLC000669
Registration Number 000669
Incorporation Date 18 July 1934
ROC Chennai
Listing Status Listed - Listed on BSE (531144)
Company Status Active
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-TN-08-0002326
Key People
Korukkai Visweswaran Ramachandran Managing Director Srinivasan Balakrishnan Director Shubha Ganesh Director

Recognitions & Rankings of E L Forge

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-TN-08-0002326

Contact details

E L Forge Limited's registered office is in Appur Village, Tamil Nadu. Its website is elforge.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    elforge.com
  • Registered Address
    1A Sriperumbudur High Road (Via) Singaperumal Koil Appur Village Kattangulathur Onrium, Tamil Nadu, India – 603204
  • Industry
    Machinery and Equipment, Industrial Tools & Components

To see the full contact details of E L Forge Limited, buy the company report.

Comprehensive company report
E L Forge Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

E L Forge operates one associated brand: EL FORGE. Each brand links to its own profile.

BrandDescriptionWebsite
EL FORGE
Forged components for automotive and non-automotive sectors are produced.elforge.com

Business activity

The main business activities of E L Forge are manufacturing and real estate. In detail, this covers food, beverages and tobacco products and real estate activities with own or leased property. 2 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC1Food, beverages and tobacco products
LReal EstateL1Real estate activities with own or leased property

To see the full business activity and turnover split of E L Forge Limited, buy the company report.

Financials of E L Forge Limited

FY 2025-26 filings available

E L Forge Limited reported revenue of ₹80.41 Cr (up 5.6% 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
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)

To see the full year-wise statements and ratios of E L Forge Limited, buy the company report.

Board of directors of E L Forge Limited

E L Forge has 6 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Korukkai Visweswaran Ramachandran
Also directs: Wesco Engineers Ltd, Sakthi Finance Limited, Coromandel Steels Ltd
Managing Director30 Aug 199135 Years 2 MonthsCurrent
Srinivasan BalakrishnanDirector13 Oct 20215 Years 1 MonthsCurrent
Shubha Ganesh
Also directs: X2a Soft Labs Private Limited
Director30 Jul 20215 Years 3 MonthsCurrent
Venkataraman Srikanth
Also directs: Vellore Electric Corporation Ltd, Wesco Engineers Ltd, Bazinga Learning Private Limited
Director26 Aug 198343 Years 2 MonthsCurrent
Srinivasan Vasudevan
Also directs: Rajshree Sugars & Chemicals Limited, Lancor Holdings Limited, Lancor Maintenance & Services Limited and 1 more
Director04 Jun 20260 Years 5 MonthsCurrent
Niranjan Sivan
Also directs: Swastha Ayurvedic Centre LLP
Director04 Jun 20260 Years 5 MonthsCurrent
View all directors

Shareholding

Shareholding for the quarter ended Mar 2026: promoters hold 40.80%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 59.20%.

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

Open charges
₹10 Cr
Satisfied charges
₹532.64 Cr
Breakdown by lending institutions
Others₹10.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
14 Jan 2020100317438Others₹10 CrOpen
06 Jun 201210361653Asset Reconstruction Company (India) Limited₹117.56 CrSatisfied
18 May 201210361651Asset Reconstruction Company (India) Limited₹38.76 CrSatisfied
22 May 201010220281Edelweiss Asset Reconstruction Company Limited₹2.25 CrSatisfied
13 Apr 201010213766Axis Bank Ltd₹80 LakhSatisfied

To see the full charge records of E L Forge Limited, buy the company report.

Total charge records: 31 View all charges

Deals & funding

E L Forge Limited has 48 deals on record (48 market trades); the latest was in December 2024.

Total deals
48
Market trades
48

Deals on record (5 of 48)

WhenDealAmountParties
Sep 2023Market trade₹31.1 LakhBuyer: Altius Global Finance Private Limited
Seller: an individual
Mar 2012Market trade₹38 LakhBuyer: C S A Holdings Private Limited
Seller: an individual
Oct 2011Market trade₹38 LakhBuyer: C S A Holdings Private Limited
Seller: Team India Managers Limited
Sep 2011Market trade₹62 LakhBuyer: an individual
Seller: Team India Managers Limited
Apr 2010Market trade₹14.6 LakhBuyer: Multi Stock Broking Private Limited

To see the full deal history of E L Forge Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for E L Forge Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

E L Forge Limited has a workforce of 145 employees on its EPFO records as of May 2026, across 2 active EPFO establishments.

Employee count
145
Active EPFO establishments
2
Employee growth
-0.7%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-27145
FY 2025-26
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22
FY 2020-21
FY 2019-20
FY 2018-19
FY 2017-18
FY 2016-17

To see the full employee and EPFO history of E L Forge Limited, buy the company report.

GST

E L Forge has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
33AAACE1706C1ZITamil NaduActive01 Jul 2017

To see the full GST registrations and return filing status of E L Forge Limited, buy the company report.

Recent activity

E L Forge Limited has 31 board changes on record since 1971: 20 appointments and 11 cessations. The latest: Niranjan Sivan was appointed as Director on 04 Jun 2026.

Appointed
Niranjan Sivan was appointed as Director.
Appointed
Srinivasan Vasudevan was appointed as Director.
Filing
E L Forge Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Chennai.
AGM
E L Forge Limited last Annual general meeting of members was held on 20 Jun 2025 as per latest MCA records.
Appointed
Sujeetha Govindarajan was appointed as CFO.
Ceased
Nivedita Lakshmi Ratan ceased to be Director.
Appointed
Korukkai Ramachandran Srihari was appointed as CEO.
Ceased
Venkataraman Srinivasan ceased to be CFO.
Appointed
Srinivasan Balakrishnan was appointed as Director.
Ceased
Vramachandran ceased to be Director.
Appointed
Shubha Ganesh was appointed as Director.
Ceased
Joshua Jeba Singh Aron Rakkesh ceased to be Director.

108 earlier events are in the company report.

News

Frequently asked questions

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

E L Forge reported revenue of ₹80.41 Cr for FY 2025-26 (up 5.6% YoY) based on standalone financials.

E L Forge has 6 current directors:

The latest financial statements of E L Forge on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 20 June 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of E L Forge is 33AAACE1706C1ZI, registered in Tamil Nadu.

The CIN (Corporate Identification Number) of E L Forge is L34103TN1934PLC000669. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. E L Forge is a listed company as per MCA records. Its shares are listed on BSE (code: 531144).

E L Forge has 38 court cases on record: 13 filed by the company and 25 filed against it. 3 are pending. Most are in the high courts.

E L Forge was incorporated on 18 July 1934, making it 92+ years old. It is registered with the Registrar of Companies, Chennai.

E L Forge has 48 deals on record (48 market trades); the latest was in December 2024.