Industry analysis
Castings & Forgings
Read from what its listed companies are showing. Valuations are compared within this industry.
Mixed
30 listed companies · ₹ 1,03,861 Cr. total market value- ●48% of companies grew sales by more than 8% from a year earlier; the typical company's profit rose 4.9%. 3% made a loss.
- ●No credit rating upgrades and 1 downgrade in the last 90 days.
- –8 good and no bad company announcements, including 2 big orders won (read since 6 Oct 2026; not counted until there is a month of them).
- ●The typical share is down 0.8% in 3 months; 52% of shares trade above their 200-day average (their usual level).
- –Typical P/E 24.8, 13% above these companies' usual level (pricier than normal).
- –Raised ₹ 3,600 Cr. by issuing shares (2 issues) in 90 days; 3 more fund raises on the way.
▲ / ▼ / ● are the signals the verdict counts: results, credit ratings, announcements and share prices. Lines marked – are shown but not counted.
In charts
Share prices over the last year
The typical Castings & Forgings share against the typical share on the market, both starting at 100. Now 102 vs 83.
Is growth speeding up or slowing down?
The typical company's sales and profit growth against the same quarter a year earlier.
Price against growth
Each dot is a company: further left is cheaper (lower P/E), higher up grew profit faster. Red dots passed the cheaper-than-peers screen. Companies beyond the chart's edges sit on the edge.
Cheaper than peers
Not a buy list. These shares trade at a P/E at least 30% below their industry's typical level and below their own usual level, and they also pass basic checks: profitable, sales and profit growing, low debt, no red flags, market value of ₹250 Cr or more. Cheap shares are often cheap for a reason; this is where to start reading, not where to stop.
No company here passes every test right now.
Cheaper than peers across the whole market
Leaders and laggards
Good news
- PTC IndustriesStrong results
Warning signs
- Kalyani ForgeCredit rating cut
Best shares, 3 months
- Investment & Precision Castings+34%
- PTC Industries+33.5%
- Kalyani Forge+31.5%
- Neetu Yoshi+26.7%
- AMIC Forging+19.1%
Worst shares, 3 months
- Super Iron Foundry−33.3%
- Smiths & Founders (India)−31%
- Hilton Metal Forging−28.3%
- AIA Engineering−22.2%
- Ganga Forging−21.2%
Companies
Click a column to sort.
| Signs (90 days) | |||||||
|---|---|---|---|---|---|---|---|
| PTC Industries PTCIL | Castings & Forgings | ₹ 35,101.83 Cr. | +97.9% | +480% | 296.3 | +33.5% | Strong results |
| AIA Engineering AIAENG | Castings & Forgings | ₹ 33,533.27 Cr. | +12.4% | −1.3% | 26.3 | −22.2% | |
| Happy Forgings HAPPYFORGE | Castings & Forgings | ₹ 16,642.44 Cr. | +26.8% | +37.9% | 50.8 | +8.9% | |
| Balu Forge Industries BALUFORGE | Castings & Forgings | ₹ 5,143.81 Cr. | +29.2% | +15.8% | 19.1 | −0.1% | |
| Steelcast STEELCAS | Castings & Forgings | ₹ 3,298.46 Cr. | +16.8% | +20% | 36.3 | +14.6% | |
| AMIC Forging 544037 | Castings & Forgings | ₹ 2,176.64 Cr. | 0% | +128.6% | 76.2 | +19.1% | |
| Investment & Precision Castings INVPRECQ | Castings & Forgings | ₹ 1,374 Cr. | +21.1% | +130% | 92.3 | +34% | |
| Nelcast NELCAST | Castings & Forgings | ₹ 1,041.36 Cr. | +2.8% | −58.9% | 25.3 | +8% | |
| Synergy Green Industries SGIL | Castings & Forgings | ₹ 870.85 Cr. | −10.7% | Loss | 176.5 | −7.4% | |
| Neetu Yoshi 544434 | Castings & Forgings | ₹ 845.78 Cr. | — | — | 34 | +26.7% | |
| Tirupati Forge TIRUPATIFL | Castings & Forgings | ₹ 841.1 Cr. | +18% | −13.5% | 137.9 | −10.6% | |
| Pattech Fitwell PATTECH | Castings & Forgings | ₹ 550.73 Cr. | +29% | −1% | 57.4 | — | |
| Magna Electro Castings 517449 | Castings & Forgings | ₹ 514.63 Cr. | +4.7% | −44% | 33.4 | +7.8% | |
| Kalyani Forge KALYANIFRG | Castings & Forgings | ₹ 264.63 Cr. | +4.2% | +217.7% | 21.4 | +31.5% | Credit rating cut |
| Nitin Castings 508875 | Castings & Forgings | ₹ 223.59 Cr. | −23.2% | −53.1% | 27.4 | −14.9% | |
| Munish Forge MUNISH | Castings & Forgings | ₹ 192.56 Cr. | — | — | 19.1 | +1.5% | |
| Gujarat Intrux 517372 | Castings & Forgings | ₹ 144.78 Cr. | +8% | +9.7% | 14 | −2% | |
| Krishanveer Forge 513369 | Castings & Forgings | ₹ 142.16 Cr. | −6.3% | −3.4% | 15.1 | −10.7% | |
| KVS Castings 544554 | Castings & Forgings | ₹ 131.31 Cr. | — | — | 18.5 | −2.2% | |
| Sharp Chucks and Machines SCML | Castings & Forgings | ₹ 126.15 Cr. | +34.3% | −25% | 11.5 | +6.2% | |
| Samrat Forgings 543229 | Castings & Forgings | ₹ 103.51 Cr. | −4.8% | +18.1% | 22.6 | −4.6% | |
| Smiths & Founders (India) 513418 | Castings & Forgings | ₹ 93.02 Cr. | −0.3% | 0% | 134.7 | −31% | |
| Swastika Castal 544452 | Castings & Forgings | ₹ 79.85 Cr. | — | — | 24.3 | +2.6% | |
| Hilton Metal Forging HILTON | Castings & Forgings | ₹ 74.81 Cr. | +167.4% | +1,106.7% | 14.5 | −28.3% | |
| Creative Castings 539527 | Castings & Forgings | ₹ 69.32 Cr. | +54.4% | +113.5% | 13.3 | −1.6% | |
| Super Iron Foundry 544381 | Castings & Forgings | ₹ 66.93 Cr. | — | — | 4.1 | −33.3% | |
| Advance Technoforge Ltd 544843 | Castings & Forgings | ₹ 65.6 Cr. | — | — | 15.9 | — | |
| Shayona Engineering Ltd 544686 | Castings & Forgings | ₹ 60.08 Cr. | — | — | 14.9 | +16.4% | |
| Ganga Forging GANGAFORGE | Castings & Forgings | ₹ 47.18 Cr. | −7.2% | — | 900.3 | −21.2% | |
| Abha Power and Steel ABHAPOWER | Castings & Forgings | ₹ 40.89 Cr. | −9.8% | −81.7% | 16.6 | −4.9% |
Figures are medians and shares of companies, so one giant company cannot outweigh the rest. Results compare each company's latest quarter with the same quarter a year earlier; ratings and announcements cover the last 90 days (announcements are read by AI and can be wrong). This page adds up published data; it is not a recommendation to buy or sell anything.