Advance Technoforge Ltd (ADVANCETL) Share Price & Fundamentals

What we do

Advance Technoforge Ltd manufactures steel forgings including closed die, upset, and ring rolling forgings for automobile, industrial valves, pumps, agriculture, and general engineering sectors.

Founded in

2,013

Market share

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Problem solved

Provides high-quality, precision forged and machined components to meet durability and performance needs in automotive and industrial markets.

Top clients or who we serve

Serves automotive parts manufacturers, industrial valve, pump industries, agriculture and material lifting equipment sectors.

Key management

Mr. Nilesh S. Moliya, Director; Mr. Pradip B. Vora, Director

Our journey and innovations

Started as a private limited in 2013, converted to public limited in 2024; known for precision forging and modern facilities including Huta hammers and induction furnaces.

Where we operate

Domestic market in India with some international sales (specific geographies not disclosed).

Top products or what we offer

Steel forgings (closed die, ring rolling, upset forging) and precision machined parts with coating processes such as powder coating and galvanizing.

Top brands

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Raw materials needed

Steel and alloy steel billets primarily for forging.

Raw materials supplier

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Recurring vs cyclical contribution

Revenue is largely cyclical, driven by automotive and industrial demand cycles.

Our industry position

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Financial highlights

Revenue was approximately Rs. 50 crore and net profit Rs. 4 crore as of year ending March 2024, showing significant growth over the previous year.

Geographical revenue split

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Order book

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Whats driving growth

Demand in automotive and industrial sectors along with expanded manufacturing facilities and precision machining capabilities.

Our future plans

Proposing initial public offering to raise capital; no major changes in core business planned.

Our green promise

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Our people and values

Focus on employee training, safety, ethical practices, and a healthy work environment supporting growth and performance.

Key challenges ahead

Market cyclicality, raw material price fluctuations, and competition pose ongoing risks.

Interesting facts

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Risks and strategy

Maintains risk management policies including mitigating raw material cost volatility and operational risks through internal controls.