Forge Auto International Ltd – Company Report
1. Company Overview
Forge Auto International Ltd, established in 2001 and headquartered in Ludhiana, Punjab, is an engineering company specializing in the forging and manufacturing of complex, safety-critical, forged, and precision-machined components. The company primarily serves the automotive sector—including automobiles, tractors, and railways—as well as the non-automotive sectors such as agriculture, hydraulics, and striking tools. Forge Auto International operates with a robust infrastructure, featuring advanced forging presses, machining capabilities, and in-house testing labs. It is recognized as a Tier 1 and Tier 2 supplier to major Indian and global OEMs, including Ashok Leyland, TAFE, Tata Motors, Mahindra & Mahindra, Isuzu, Daimler, and Indian Railways. The company exports to Europe and other international markets and is backed by a workforce in the intermediate size segment (501–1,000 employees as of 2025).
- Incorporated: 2001
- Headquarters: Ludhiana, Punjab, India
- Employees: ~501–1,000
- Core Focus: Forged and precision-machined components for auto, rail, tractor, and hydraulic sectors
- Facilities: Forging capacity of 20,000 MT/year; machining capacity of approx. 2.5 million units/year
- Major OEM Clients: Ashok Leyland, TAFE, Tata Motors, Mahindra & Mahindra, CNH, Isuzu, Daimler, Indian Railways
- Export Presence: Europe (Poland, Germany, Denmark, Turkey, Brazil, etc.)
- Certifications: Advanced forging and testing capabilities, CAD/CAM/CAE design
2. Products and Services
Forge Auto International Ltd offers a diverse range of high-quality forged and machined components for multiple sectors:
Automotive Components:
Big/small rings, ball studs, gear blanks with/without broach, stub axle assemblies, flange yoke 325HS; used in tractors, light and heavy commercial vehicles, three- and four-wheelers.Railways and Non-Automotive:
Ball studs and related forgings for railway bogies, gear blanks, axle assemblies, castor wheel parts.Agricultural and Hydraulic Equipment:
Tractor and combine parts, striking tools, hydraulic components, and custom-forged pieces for specialized industrial use.Other Capabilities:
Closed die hot forging in carbon/alloy steel (1kg–20kg) and aluminum forging (0.5–6kg), in-house heat treatment, CNC/VMC machining, quality control/testing, design and prototyping services.
The company excels in customized parts per international standards, serving both automotive and non-automotive OEMs domestically and abroad. The product portfolio continues to grow, responding to evolving client needs in the auto, agriculture, rail, and industrial segments.
3. Recent News & Financial Performance
Business Developments
Upgraded manufacturing with new machinery and expanded capacity to 20,000 MT/year.
Expansion strategy to enter verticals like defense, oil & gas, and aluminum forgings.
Enhanced focus on exports and diversification into heavy machining and non-auto forgings.
Capex & Expansion: Ongoing investment in heavy machinery and forging lines, with expected operational benefits by late 2024.
Growth Outlook: Revenue growth surpassing its 3-year CAGR of 16.46%, driven by diversification and export expansion.
4. Financial Performance (FY2025)
| Metric | FY2025 Value | YoY Growth |
|---|---|---|
| Total Revenue | ₹212.67 crore | 24.48% |
| Net Profit | ₹9.53 crore | 47.55% |
| Operating Profit Margin | 8.28% | – |
| Net Profit Margin | 4.54% | – |
| EPS | ₹8.73 | – |