EL Forge quarterly results and financials

EL Forge (BSE 531144)₹23.32+3.64%(9 Nov 2026 close)Auto Components & Equipments

Key facts

In the Mar 2026 quarter (standalone), EL Forge reported sales of ₹22.53 Cr, up 14.8% from Mar 2025, and net profit of ₹1.25 Cr, up 123.2% year on year. For the year to Mar 2026, sales were ₹80.49 Cr and net profit ₹2.45 Cr.

Sales (Mar 2026): ₹22.53 Cr
Net profit (Mar 2026): ₹1.25 Cr
Sales (FY Mar 2026): ₹80.49 Cr
Net profit (FY Mar 2026): ₹2.45 Cr
EPS (Mar 2026): ₹0.60
Borrowings (Mar 2026): ₹0 Cr

Company filings, standalone accounts; latest reported quarter Mar 2026

EL Forge quarterly results

₹ crore unless stated; each column is a quarter.

EL Forge Quarterly results
	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	18.22	17.72	15.04	17.32	17.01	20.54	18.97	19.62	20.62	17.10	20.16	22.53
Expenses	16.63	16.50	14.04	16.12	15.99	19.50	17.91	18.63	19.73	16.35	19.31	20.73
Operating Profit	1.60	1.20	1.01	1.21	1.02	1.03	1.05	0.97	0.87	0.76	0.86	1.78
OPM %	8.7%	6.7%	6.7%	6.9%	5.9%	5.0%	5.5%	4.9%	4.2%	4.4%	4.2%	7.9%
Other Income	−0.54	−0.23	−0.15	69.58	0.05	0.27	0.10	0.21	0.15	0.13	0.07	0.23
Interest	0.13	0.13	0.11	0.13	0.11	0.11	0.11	0.11	0.15	0.11	0.13	0.13
Depreciation	0.47	0.47	0.47	0.48	0.48	0.44	0.47	0.49	0.47	0.44	0.29	0.62
Profit before tax	0.49	0.40	0.29	70.15	0.47	0.74	0.56	0.57	0.41	0.31	0.52	1.25
Tax %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Exceptional items	−0.99	0.00	0.00	69.06	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	0.49	0.41	0.29	70.19	0.47	0.74	0.57	0.56	0.40	0.31	0.52	1.25
EPS (Rs)	0.23	0.19	0.13	34.34	0.22	0.35	0.27	0.26	0.18	0.14	0.24	0.60

EL Forge profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

EL Forge Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	38.79	32.56	42.44	49.78	32.81	27.33	40.33	58.47	68.30	76.21	80.49	80.41
Expenses	42.67	35.34	44.99	48.93	34.90	37.97	39.27	54.53	63.30	72.08	76.15	76.12
Operating Profit	−3.95	−2.83	−2.59	0.79	−2.16	−10.71	1.04	3.87	5.01	4.04	4.24	4.27
OPM %	−10.2%	−8.7%	−6.1%	1.6%	−6.6%	−39.2%	2.5%	6.6%	7.3%	5.3%	5.3%	5.3%
Other Income	−1.31	−2.06	1.21	29.77	9.57	15.03	1.61	−0.89	68.66	0.60	0.54	0.58
Interest	1.30	2.90	3.39	0.60	0.19	0.47	0.44	0.41	0.49	0.47	0.51	0.52
Depreciation	9.55	8.23	6.86	6.60	6.60	6.11	6.18	4.88	1.85	1.85	1.82	1.82
Profit before tax	−16.12	−16.03	−11.66	23.34	0.62	−2.30	−3.98	−2.32	71.31	2.31	2.44	2.49
Tax %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—
Exceptional items	−5.41	−2.06	1.17	29.61	9.50	14.84	1.44	−0.92	68.23	0.15	0.04	0.00
Net Profit	−16.13	−16.03	−11.67	23.35	0.62	−2.29	−3.99	−2.32	71.36	2.31	2.45	2.48
EPS (Rs)	−7.89	−7.84	−5.71	11.41	0.29	−1.11	−1.94	−1.13	34.91	1.12	1.19	1.16
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

EL Forge balance sheet

₹ crore, at each year end.

EL Forge Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	20.28	20.28	20.29	20.31	20.28	20.31	20.29	20.31	20.30	20.26	20.25	20.28
Reserves	−55.19	−71.26	−85.07	−96.70	−73.38	−72.78	−75.11	−79.12	−81.36	2.16	4.45	6.89
Borrowings	153	152	139	133	42.39	21.59	12.08	12.09	12.08	0.00	0.00	0.00
Other Liabilities	39.47	41.49	44.64	36.26	94.13	92.19	83.08	83.48	85.98	15.41	14.38	13.50
Total Liabilities	158	142	119	92.76	83.42	61.31	40.34	36.76	37.00	37.83	39.08	40.67
Fixed Assets	89.44	77.92	55.57	46.89	40.90	34.47	31.88	26.46	23.40	21.93	21.36	21.19
CWIP	3.03	3.01	3.01	3.01	3.01	3.06	0.00	0.00	0.00	0.00	0.00	0.02
Investments	3.94	3.86	3.86	3.75	3.75	3.75	0.00	0.00	0.00	0.00	0.00	0.05
Other Assets	61.40	57.61	56.81	39.11	35.76	20.03	8.46	10.30	13.60	15.90	17.72	19.41
Inventories	23.06	19.98	18.87	15.37	15.53	14.14	3.60	4.29	4.17	3.81	3.35	3.88
Trade receivables	15.11	13.17	15.29	4.49	4.68	3.29	1.37	2.00	3.79	5.46	6.14	6.67
Cash & equivalents	0.11	0.05	0.04	0.22	0.36	0.17	0.82	1.41	2.32	2.97	4.01	5.29
Total Assets	158	142	119	92.76	83.42	61.31	40.34	36.76	37.00	37.83	39.08	40.67

EL Forge cash flow

₹ crore, for each year.

EL Forge Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	−21.23	6.13	15.31	−11.36	36.45	21.09	6.26	0.03	3.35	1.23	2.41	3.15
Cash from investing activity	1.52	0.39	2.53	2.00	−1.04	−0.22	−0.29	1.02	−2.05	−0.09	−0.90	−1.38
Cash from financing activity	19.24	−6.57	−17.79	9.52	−35.16	−20.99	−5.31	−0.44	−0.41	−0.49	−0.47	−0.49
Net cash flow	−0.39	−0.06	0.00	0.16	0.13	−0.18	0.63	0.58	0.89	0.65	1.03	1.27
Capex	0.20	0.23	0.10	0.22	0.53	0.18	0.45	0.88	1.83	0.35	1.35	1.67
Free cash flow	−21.43	6.50	17.51	−9.45	35.91	20.92	5.80	−0.80	1.57	1.01	1.29	1.49
CFO / OP %	366.1%	−154.9%	−540.9%	439.1%	4,655.1%	−977.9%	−58.0%	2.0%	87.1%	24.0%	60.1%	74.1%

EL Forge ratios

Working-capital days and returns, by year.

EL Forge Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	102	124	171	39	34	36	18	18	24	29	29	30
Inventory days	276	303	356	213	189	276	90	71	47	35	27	30
Days payable	311	392	585	355	1,050	1,647	80	41	87	80	70	59
Cash conversion cycle	67	35	−57	−103	−825	−1,333	29	49	−15	−15	−13	2
Working capital days	−390	−618	−521	−777	−556	−920	−13	2	−1	3	11	19
ROCE %	−12.2%	−8.6%	−12.5%	−14.3%	−24.8%	—	—	—	—	—	11.1%	11.0%

EL Forge: frequently asked questions

What are the latest quarterly results of EL Forge?

For the Mar 2026 quarter, EL Forge reported sales of ₹22.53 Cr, up 14.8% year on year and net profit of ₹1.25 Cr, up 123.2% year on year. The operating margin was 7.9%.

What is the annual revenue of EL Forge?

EL Forge's sales for the year to Mar 2026 were ₹80.49 Cr; over the last twelve months they were ₹80.41 Cr.

What is the net profit of EL Forge?

Net profit for the year to Mar 2026 was ₹2.45 Cr, and ₹2.48 Cr over the last twelve months. Earnings per share over the same trailing period were ₹1.16.

How much debt does EL Forge have?

EL Forge reported borrowings of ₹0 Cr at Mar 2026, against cash and equivalents of ₹5.29 Cr.

What is the free cash flow of EL Forge?

Cash from operations was ₹3.15 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹1.49 Cr.

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