24 companies · NSE & BSE · Updated daily
The Indian castings and forgings sector, a crucial feeder to automotive, defence, and infrastructure industries, is showing robust signs of a cyclical upswing. Driven by increased domestic demand and government impetus on manufacturing, companies are seeing improved capacity utilization and pricing power.
Key players are benefiting from the 'China Plus One' strategy, as global OEMs diversify supply chains. We're observing a healthy trend in order book growth, particularly for companies with strong export linkages and those catering to the burgeoning EV segment. Valuations, while elevated for some leaders, still offer room for appreciation given the sustained demand outlook. Focus on companies with backward integration and efficient cost structures will be critical.
What to Watch
Monitor order book momentum, export traction, and the pace of new product development, especially for EV applications. Rising raw material costs (steel, energy) and any potential shifts in global trade policies are key risks. Companies demonstrating consistent free cash flow generation and prudent debt management should outperform.
What are the key drivers for the Indian Castings & Forgings sector currently?
The primary drivers are the strong growth in the domestic automotive sector (including EVs), increased defence manufacturing, infrastructure development, and global supply chain diversification efforts benefiting Indian manufacturers.
How is the export market performing for Indian foundries and forge shops?
The export market is performing well, with many companies reporting significant order inflows as global buyers seek reliable alternatives to China. This trend is expected to continue, supported by government initiatives like PLI schemes.
Are there any specific metrics to watch for in this sector?
Investors should track capacity utilization rates, average selling prices (ASPs) for key products, raw material cost pass-through ability, export order book growth, and new client acquisitions, especially from global OEMs.
What is the outlook for profitability in the near term?
Profitability is expected to improve due to higher volumes and better pricing power. However, managing fluctuations in input costs like steel and energy will be crucial for sustained margin expansion.
| # | Company | Symbol | Price | Change | Market Cap |
|---|---|---|---|---|---|
| 1 | Steelcast Limited | STEELCAS | ₹299.25 | -4.32% | ₹302841.0K Cr |
| 2 | AIA Engineering Limited | AIAENG | ₹3805.80 | -2.40% | ₹35.5K Cr |
| 3 | Happy Forgings Limited | HAPPYFORGE | ₹2155.90 | +3.93% | ₹20.3K Cr |
| 4 | Balu Forge Industries Limited | BALUFORGE | ₹483.25 | -3.00% | ₹5.9K Cr |
| 5 | Amic Forging Ltd | AMIC | ₹2296.60 | -0.01% | ₹2.7K Cr |
| 6 | Nelcast Limited | NELCAST | ₹103.85 | -1.01% | ₹0.9K Cr |
| 7 | Synergy Green Industries Limited | SGIL | ₹581.50 | -1.59% | ₹0.9K Cr |
| 8 | Tirupati Forge Limited | TIRUPATIFL | ₹65.91 | -3.81% | ₹0.9K Cr |
| 9 | Inv& PrecCast | INVPRECO | ₹815.60 | +0.00% | ₹0.8K Cr |
| 10 | Neetu Yoshi Limited | NEETUYOSHI | ₹202.65 | -1.24% | ₹0.8K Cr |
| 11 | Magna Electro Castings Ltd | MAGNAELQ | ₹1319.50 | -0.63% | ₹0.6K Cr |
| 12 | Kalyani Forge Limited | KALYANIFRG | ₹994.70 | -4.75% | ₹0.4K Cr |
| 13 | Nitin Castings Ltd | NITINCAST | ₹500.00 | -1.32% | ₹0.3K Cr |
| 14 | Gujarat Intrux Ltd | GUJINTRX | ₹454.90 | +0.31% | ₹0.2K Cr |
| 15 | Krishanveer Forge Ltd | KVFORGE | ₹131.00 | -0.46% | ₹0.1K Cr |
| 16 | Samrat Forgings Ltd | SAMRATFORG | ₹229.90 | +0.00% | ₹0.1K Cr |
| 17 | Pattech Fitwell Tube Components Limited | PATTECH | ₹97.95 | +0.00% | ₹0.1K Cr |
| 18 | Sharp Chucks & Machines Ltd | SCML | ₹76.00 | +0.00% | ₹0.1K Cr |
| 19 | Super Iron | 544381 | ₹37.80 | +0.27% | ₹0.1K Cr |
| 20 | Hilton Metal Forging Limited | HILTON | ₹17.52 | +1.33% | ₹0.1K Cr |
| 21 | Swastika Castal | 544452 | ₹111.95 | -4.97% | ₹0.1K Cr |
| 22 | Abha Power & Steel Ltd | ABHAPOWER | ₹23.50 | -2.08% | ₹0.0K Cr |
| 23 | Orosil Smiths India Ltd | OROSMITHS | ₹10.25 | -4.92% | ₹0.0K Cr |
| 24 | Ganga Forging Limited | GANGAFORGE | ₹1.59 | -2.45% | ₹0.0K Cr |