AMIC Forging (BOM:544037) Retained Earnings : ₹259 Mil (As of Mar. 2024)

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What is AMIC Forging Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. AMIC Forging's retained earnings for the quarter that ended in Mar. 2024 was ₹259 Mil.

AMIC Forging's quarterly retained earnings increased from Mar. 2022 (₹22 Mil) to Mar. 2023 (₹121 Mil) and increased from Mar. 2023 (₹121 Mil) to Mar. 2024 (₹259 Mil).

AMIC Forging's annual retained earnings increased from Mar. 2022 (₹22 Mil) to Mar. 2023 (₹121 Mil) and increased from Mar. 2023 (₹121 Mil) to Mar. 2024 (₹259 Mil).

AMIC Forging Retained Earnings Historical Data

The historical data trend for AMIC Forging's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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AMIC Forging Retained Earnings Chart

AMIC Forging Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Retained Earnings

13.17

21.83

120.62

258.95

AMIC Forging Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Retained Earnings	13.17	21.83	120.62	258.95

AMIC Forging Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

AMIC Forging (BOM:544037) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

AMIC Forging Business Description

Industry

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Address

3A, Garstin Place, 2nd Floor, Kolkata, WB, IND, 700001

Website

https://www.amicforgings.com

AMIC Forging Ltd is engaged in the manufacturing of forged components. It manufactures precision machined components catering to various industries such as heavy Engineering, Steel Industry, Oil and gas, Petrochemicals, Chemicals, Refineries, Thermal Power, Nuclear Power, Hydro Power, Cement Industry, Sugar, and other related industries. It manufactures different forging components such as Gear Couplings, Roller Shaft, Brake Drum, Hook and other products as per international standards like AISI, BS, IS, DIN, etc.

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