Forge Auto International Limited (NSE:FORGEAUTO)

India · Delayed Price · Currency is INR

101.00

+4.70 (4.88%)

At close: Oct 22, 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 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	2,702	2,702	2,099	1,695	1,767	1,329
Revenue Growth	13.71%	28.72%	23.85%	-4.08%	32.96%	21.30%
Gross Profit	906.71	906.71	886.87	705.72	680.62	516.44
Operating Income	241.99	241.99	170.18	120.57	100.14	64.64
Net Income	123.33	123.33	95.29	64.64	49.63	26.43
Earnings Per Share	11.29	11.29	10.01	24.95	7.58	4.04
EPS Growth	12.34%	12.83%	-59.89%	229.26%	87.75%	101.28%

Revenue by Geography

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
India	2,646	2,646	2,042	1,594	1,681	1,286
Export	56.05	56.05	56.59	100.16	85.01	43.12
Total	2,702	2,702	2,099	1,694	1,766	1,329

Cash & Debt

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Cash & Investments	3.84	3.84	20.16	5.24	0.35	0.27
Total Debt	750.27	750.27	393.78	402.34	318.27	262.02
Net Cash (Debt)	-746.42	-746.42	-373.61	-397.1	-317.92	-261.74
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-68.35	-68.35	-39.23	-153.26	-48.54	-39.96

Cash Flow & CapEx

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Operating Cash Flow	242.57	242.57	-71.66	72.39	43.43	28.62
Capital Expenditures	-48.09	-48.09	-128.32	-48.28	-47.82	-52.54
Free Cash Flow	194.48	194.48	-199.98	24.12	-4.39	-23.92
Free Cash Flow Growth	-	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Gross Margin	33.55%	33.55%	42.24%	41.63%	38.51%	38.86%
Operating Margin	8.96%	8.96%	8.11%	7.11%	5.67%	4.86%
Pretax Margin	6.36%	6.36%	6.29%	5.28%	3.92%	2.82%
Profit Margin	4.56%	4.56%	4.54%	3.81%	2.81%	1.99%
FCF Margin	7.20%	7.20%	-9.53%	1.42%	-0.25%	-1.80%

Valuation

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Oct '26 Oct 22, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
PE Ratio	8.95	6.07	7.09	-	-	-
P/FCF Ratio	5.67	3.85	-	-	-	-
PS Ratio	0.41	0.28	0.32	-	-	-