How did Amic Forging perform in FY26?

The company recorded revenue of ₹141.78 crore, representing a 16.8% increase over the previous year. However, net profit fell by 20.5% to ₹28.28 crore.

What happened to shareholder earnings per share?

EPS dropped to ₹26.78 for the year ended March 31, 2026, compared to ₹33.90 in the prior period.

Was the financial statement clean?

Yes, the audit report for the standalone and consolidated results carries an unmodified opinion.

Is this release an unexpected development?

No, the disclosure is a routine annual results announcement as expected by the market.

Earnings · Forgings · Small cap

Amic Forging profits slip 20% on FY26 revenue growth

Annual results for FY26 show a sharp divergence between top-line expansion and bottom-line contraction as margins tightened.

— 1 earlier story on Amic Forging Ltd. →

AMIC By Tipsheet Editorial 31 May 2026 · 12:49 AM IST Verify on BSE · NSE

Mkt cap₹2,089 cr

P/E73.90×

ROE28.58%

Debt / eq.0.00

₹28.28 cr FY26 net profit, down 20.5% year-on-year.

What's new

Revenue grew 16.8% to ₹141.78 crore in FY26.
Net profit dropped 20.5% to ₹28.28 crore.
EPS fell to ₹26.78 from ₹33.90 the previous year.

Why this matters

The company managed double-digit sales growth but failed to protect profitability. Shrinking margins during a growth phase suggest rising input costs or pricing pressure that the business could not offset.

What we're watching

Operating margin trends in subsequent quarters.
Management commentary on the cost pressures impacting FY26 earnings.
Evidence of pricing power recovery in the new fiscal year.

The full read

Amic Forging reported a split result for FY26. While revenue climbed 16.8% to ₹141.78 crore, the company could not prevent a profit decline. Net profit fell 20.5% to ₹28.28 crore during the same period.

Margins broke.

This compression hit EPS directly, which slipped to ₹26.78 from ₹33.90. Because the audit report is clean and the business remains profitable, the primary issue is clearly an inability to protect the bottom line while expanding the top line. The next test for the board is proving that these significant cost pressures are purely temporary, rather than structural obstacles to future growth.

Questions answered

How did Amic Forging perform in FY26?: The company recorded revenue of ₹141.78 crore, representing a 16.8% increase over the previous year. However, net profit fell by 20.5% to ₹28.28 crore.
What happened to shareholder earnings per share?: EPS dropped to ₹26.78 for the year ended March 31, 2026, compared to ₹33.90 in the prior period.
Was the financial statement clean?: Yes, the audit report for the standalone and consolidated results carries an unmodified opinion.
Is this release an unexpected development?: No, the disclosure is a routine annual results announcement as expected by the market.

Mentioned: Amic Forging Ltd

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

Amic Forging Ltd.

Steel

₹2,060 cr

P/E 72.85×

Latest quarter · Sep 2025

Sales₹67 cr

Net profit₹12 cr

Op. margin+27.4%

EPS₹11.79

Strength & growth

Debt / equity0.00×

Current ratio2.63×

Story so far

All notes on AMIC →

31 May 2026 · 12:49 AM IST Amic Forging profits slip 20% on FY26 revenue growth
41d ago Amic Forging schedules board meeting for May 30