Rs 20,00,00,000 Investment: Multibagger Railway Forging Company Has Commenced Producing Springs To Be Used In Wagon Plant

The shares of the company have an ROE of 30 per cent and an ROCE of 36 per cent.

Amic Forging Limited informed that the construction work of the company's manufacturing unit for producing springs, to be used in the Wagon Plant, has commenced. The unit is expected to be ready for production by April 15, 2025. The estimated investment for this project is approximately Rs 20 crore.

AMIC Forging Ltd., established in 2007, is a prominent manufacturer of forged components serving a diverse range of industries. Their expertise lies in producing precision-machined components such as rounds, shafts, blanks and complete finished engineering parts, tailored to meet customer specifications and adhere to international standards like AISI, BS, IS, DIN and more. These components are crafted from a variety of materials, including carbon steel, alloy steel, stainless steel, nickel, and tool alloys.

AMIC Forging's products find applications across various sectors, including heavy engineering, steel industry, oil and gas, petrochemicals, chemicals, refineries, thermal power, nuclear power, hydropower, cement industry and sugar. Their manufacturing facilities are equipped with state-of-the-art equipment, including a 6-ton capacity electro-hydraulic hammer, a 1-ton capacity pneumatic hammer, manipulators, overhead cranes, jib cranes, and oil-fired furnaces, ensuring efficient and high-quality production.

The company has a market cap of Rs 1,279.60 crore. The shares of the company have an ROE of 30 per cent and an ROCE of 36 per cent. The stock gave multibagger returns of over 400 per cent from its 52-week low of Rs 239.40 per share. Investors should keep an eye on this Small-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice. 

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