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Metalyst Forgings Ltd.

BSE: 513335 Sector: Engineering
NSE: METALFORGE ISIN Code: INE425A01011
BSE 10:58 | 28 Sep 5.15 0.15
(3.00%)
OPEN

4.80

HIGH

5.19

LOW

4.80

NSE 10:52 | 28 Sep 5.05 0.05
(1.00%)
OPEN

5.10

HIGH

5.15

LOW

4.75

OPEN 4.80
PREVIOUS CLOSE 5.00
VOLUME 3791
52-Week high 8.70
52-Week low 4.11
P/E
Mkt Cap.(Rs cr) 22
Buy Price 4.84
Buy Qty 500.00
Sell Price 5.14
Sell Qty 1989.00
OPEN 4.80
CLOSE 5.00
VOLUME 3791
52-Week high 8.70
52-Week low 4.11
P/E
Mkt Cap.(Rs cr) 22
Buy Price 4.84
Buy Qty 500.00
Sell Price 5.14
Sell Qty 1989.00

Metalyst Forgings Ltd. (METALFORGE) - Company History

Ahmednagar Forgings Ltd is the largest forging manufacturer in the small and medium component segment. The company is engaged in the manufacture of high precision closed die steel forgings and auto components for the automotive defence and railway sectors. The major customers of the company include Fairfield Atlas USA Cummins King Automotive Systems Ltd Coventry Letchworth Zelter GmbH and Hennef.The company specializes in products like connecting rods and caps crankshafts and camshafts steering levers gear shifter forks sector gears and shafts front impact beams drive shafts spindlers hubs and flanges transmission components steering parts pistons propeller fork shafts stub-axles front axle beams front and rear axle shafts. Their manufacturing facilities are located at Ahmednagar Chakan Kurli in Maharashtra and Solan in Himachal Pradesh.Ahmednagar Forgings Ltd was incorporated in the year 1977. During the year 1992-93 the company acquired a sick unit at Ahmednagar from SICOM to manufacture cold forgings. This unit was renamed Asian Auto Parts a division of the company and the production of Cold Forgings was started during the year 1993-94. During the year 1997-98 the company set up the fourth unit at Kurli in Charkran which has madern press forging line and the fourth press has commenced their production in the year 2001. During the year 2002-03 the company was acquired by Amtek Auto Ltd which is the largest manufacturer of connecting rod assemblies in the country. Thus the company became the subsidiary of Amtek Auto Ltd. The company's plant at Ahmednagar has successfully qualified for TS Certification from BVQI and the fastener division at Ahmednagar has also been accredited with ISO Certification during the year.During the year 2004-05 the company increased the production capacity of Steel Forgings and Finished/ Semi Finished Steel Forgings by 10000 MT and 5000 MT respectively. During the year 2005-06 they further increased the production capacity of Steel Forgings and Finished/ Semi Finished Steel Forgings by 28000 MT and 3950 MT respectively. In May 2005 the company sold their Fastner Division of the company situated at Ahmednagar in Maharashtra.During the year 2006-07 the company expanded their forging capacities from 90000 TPA to 110000 TPA by increasing the capacity at Kurli in Maharashtra. The company has approved the merger of the company with Amtek Auto Ltd.

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