Forge Auto International Limited (NSE:FORGEAUTO)

India · Delayed Price · Currency is INR

112.00

-2.05 (-1.80%)

At close: Aug 11, 2026

Forge Auto International Financials Overview

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	2,377	2,099	1,695	1,767	1,329	1,096
Revenue Growth	13.21%	23.85%	-4.08%	32.96%	21.30%	-
Gross Profit	992.17	886.87	705.72	680.62	516.44	421.72
Operating Income	216.71	170.18	120.57	100.14	64.64	46.26
Net Income	115.2	95.29	64.64	49.63	26.43	16.06
Earnings Per Share	10.05	10.01	24.95	7.58	4.04	2.00
EPS Growth	0.44%	-59.89%	229.26%	87.75%	101.28%	-

Revenue by Geography

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
India	2,042	1,594	1,681	1,286	1,066
Export	56.59	100.16	85.01	43.12	28.83
Total	2,099	1,694	1,766	1,329	1,095

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Cash & Investments	9.04	20.16	5.24	0.35	0.27	0.28
Total Debt	704.16	393.78	402.34	318.27	262.02	229.1
Net Cash (Debt)	-695.12	-373.61	-397.1	-317.92	-261.74	-228.81
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-60.64	-39.23	-153.26	-48.54	-39.96	-28.60

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Operating Cash Flow	-17.3	-71.66	72.39	43.43	28.62	51.92
Capital Expenditures	-59.77	-128.32	-48.28	-47.82	-52.54	-45.56
Free Cash Flow	-77.07	-199.98	24.12	-4.39	-23.92	6.36
Free Cash Flow Growth	-	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Gross Margin	41.75%	42.24%	41.63%	38.51%	38.86%	38.49%
Operating Margin	9.12%	8.11%	7.11%	5.67%	4.86%	4.22%
Pretax Margin	6.69%	6.29%	5.28%	3.92%	2.82%	2.03%
Profit Margin	4.85%	4.54%	3.81%	2.81%	1.99%	1.47%
FCF Margin	-3.24%	-9.53%	1.42%	-0.25%	-1.80%	0.58%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 12, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
PE Ratio	11.18	7.09	-	-	-	-
PS Ratio	0.52	0.32	-	-	-	-