METALIC

Metalic Technoforge Limited

Listed company · ISIN INE1II801013 · NSE ST · FV ₹10
Last price
₹135
-5.00%today
What this company does

Metalic Technoforge Limited is a listed company. It booked ₹59 cr of revenue in its latest half year (H1 FY27) and kept 11.6% of sales as profit.

64out of 100
Equitytale Health Score
Mixed

Healthier than 64% of listed companies we score, on the 4 of 6 measures we could read for it. Each measure is ranked against the 2,419–2,951 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
38

At close. Not part of the score.

Profitability & returns78

How much profit it earns on the money it employs

Balance sheet48

How much it owes, and whether earnings cover the interest

Valuation39

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: cash quality, growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Looks broadly healthy
Strengths
✓ Makes a profit
✓ Promoters hold 61%
✓ No promoter shares pledged
✓ Strong 23% return on equity
Watch-outs
None flagged from our data

What if I invest in METALIC?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest half year + price
₹135▼ -5.00%
latest close · 2026-11-06
52-wk low ₹8171 sessions so far52-wk high ₹189
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio19.5Average
LowAverageHigh
P/B ratio5.43High
Below bookModerateHigh
EV / EBITDA15.0High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity23.0%Strong
WeakFairStrong ▸15%
Return on capital23.9%Strong
WeakFairStrong
Net margin11.6%Decent
ThinDecentStrong
EBITDA margin19.0%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.49Comfortable
LowModerateHigh ▸1
Interest cover8.1×Strong
RiskyOkayStrong ▸5×
Current ratio2.15Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹324 cr
Book value
₹25
EPS
₹3.46
latest half year
Net debt
₹14 cr
owes more than its cash
Enterprise value
₹338 cr
EBITDA
₹23 cr
annualised
EBIT
₹23 cr
annualised
Operating margin
19.0%
Return on assets
9.5%
Earnings yield
5.13%
P/S
2.74
Sales / share
₹49.3
Tax rate
30.6%
Face value
₹10
Shares
2.4 cr
Working capital
₹58 cr
Current assets
₹108 cr
Current liabilities
₹50 cr
Delivery %
92.4%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest half year; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-06.

P&L · H1 FY27 (consolidated)
Revenue from Operations₹59 cr
Other Income₹66 L
Total Income₹60 cr
Cost of Materials₹46 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-7 cr
Employee Benefit Expense₹4 cr
Finance Costs₹1 cr
Other Expenses₹3 cr
Total Expenses₹50 cr
Profit before Tax₹10 cr
Tax Expense₹3 cr
Net Profit₹7 cr
Net margin on total income11.5%
Where the money goes · H1 FY27
% of total income
Materials + stock-in-trade₹39 cr65.3%
Employee benefit expense₹4 cr6.2%
Finance costs₹1 cr2.3%
Other expenses₹6 cr9.7%
Tax expense₹3 cr5.0%
Profit for the period₹7 cr11.5%
Total income ₹60 cradds up to ₹100 ✓
Balance sheet & cash flow · as of Sep 2026
Low debt
Total assets
₹144 cr
Shareholder equity
₹60 cr
parent shareholders
Total debt
₹29 cr
Cash
₹15 cr
Who owns it · 2026-09-30
No pledge
Promoter
61.0%
FII / Foreign
—
DII / Domestic
10.1%
Retail / others
28.9%
Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 33 named members
owning 61.0% between them · as of 2026-09-30
KEYUR DHIRAJLAL GAJIPARA .19.49%
GAJIPARA RONAKKUMAR MANSUKHBHAI10.99%
TRAMBADIYA DHAVAL VRAJLAL9.21%
JAY RAMESHBHAI RUPAPARA7.09%
KAPADIYA VIPUL KESHUBHAI7.09%
SATISH RAMESHBHAI VADODARIYA7.09%
RAMESHBHAI UKABHAI RUPAPARA0.04%
AMBALIYA BHARATBHAI HANSARAJBHAIno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it
1 fundraise spent differently than promised

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹50 cr raised in Jul 2026 by selling shares to the public
⚑ company reported a change of plan

As of Sep 2026, the company says it has spent 36% of what it set aside, leaving ₹32 cr still to be spent.

Capital Expenditure - Funding of capital expenditure requirements of the Company towards setting up of the proposed Manufacturing Unit IV and upgradation of existing units at Manufacturing Facality in Rajkot, Gujarat
31%
₹10 cr of ₹31 cr
Repayment of Loan - Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by our Company
0%
₹0 cr of ₹7 cr
General Corporate Purpose
34%
₹2 cr of ₹6 cr
Issue Related Expense
100%
₹6 cr of ₹6 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.