Share Price and Basic Stock Data
Last Updated: October 20, 2025, 5:29 pm
| PEG Ratio | 0.00 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
Ganga Forging Ltd operates in the forging industry, a sector characterized by its cyclical nature and dependence on industrial demand. For the fiscal year ending March 2025, the company reported sales of ₹43.22 Cr, indicating a steady increase from ₹33.41 Cr in March 2023. The quarterly sales figures also show a positive trend, with the latest quarter (June 2024) recording sales of ₹8.51 Cr, up from ₹10.24 Cr in March 2024, suggesting fluctuations in demand throughout the year. The company’s operating profit margin (OPM) stood at 5.23% for FY 2025, a decline from 5.99% in FY 2023, reflecting challenges in managing costs amidst rising expenses. Notably, Ganga Forging’s cash conversion cycle (CCC) was reported at 231.33 days, indicating a longer duration to convert investments into cash, which may affect liquidity. Overall, while revenue growth is evident, the company’s ability to maintain profitability amidst fluctuating sales is a critical factor for investors.
Profitability and Efficiency Metrics
In terms of profitability, Ganga Forging Ltd’s net profit for FY 2025 was ₹0.61 Cr, down from ₹1.66 Cr in FY 2023, reflecting a significant decline in earnings. The earnings per share (EPS) also dipped to ₹0.05 in FY 2025 from ₹0.16 in the previous year, signaling potential concerns about the company’s ability to generate consistent profits. The return on equity (ROE) and return on capital employed (ROCE) stood at 1.01% and 3.13%, respectively, indicating low returns compared to industry benchmarks, which typically range higher, suggesting inefficiencies in capital utilization. The interest coverage ratio (ICR) of 3.04x indicates that the company can comfortably cover its interest obligations, although the declining trend in profitability raises concerns. The reported operating profit margins have been inconsistent, highlighting the need for better cost management strategies as the company navigates through competitive pressures in the forging sector.
Balance Sheet Strength and Financial Ratios
Ganga Forging’s balance sheet reflects a mix of strengths and vulnerabilities. As of March 2025, the company reported total borrowings of ₹16.58 Cr against reserves of ₹18.71 Cr, indicating a relatively stable financial position. The debt-to-equity ratio stood at 0.31, which suggests a manageable level of debt compared to equity. However, the total liabilities increased to ₹58.69 Cr, up from ₹46.31 Cr in March 2024, raising questions about the sustainability of its financial structure. The current ratio at 2.41 indicates good short-term liquidity, while the quick ratio of 1.10 suggests that the company can cover its immediate liabilities without relying on inventory sales. Despite these positives, the high price-to-book value ratio of 3.72x indicates that the stock might be overvalued in the market relative to its book value, which could deter potential investors looking for value opportunities.
Shareholding Pattern and Investor Confidence
The shareholding pattern of Ganga Forging Ltd reveals a gradual shift in ownership dynamics. Promoters hold 39.21% of the company, a decline from 67.63% in September 2022, suggesting a dilution of control that may raise concerns about management stability. Foreign Institutional Investors (FIIs) have a minor stake of 2.60%, while Domestic Institutional Investors (DIIs) hold none, indicating limited institutional interest. Conversely, public shareholding has increased to 58.19%, up from 32.37% in September 2022, reflecting growing retail investor interest. The number of shareholders rose to 48,963, showing increasing participation in the company’s equity. This shift could be interpreted as a lack of confidence from institutional investors, potentially impacting share price stability. The company needs to strengthen its fundamentals to regain institutional interest and improve overall investor sentiment.
Outlook, Risks, and Final Insight
If margins sustain and the company can effectively manage its operational efficiency, Ganga Forging Ltd could see improved profitability moving forward. However, risks remain, particularly regarding the volatility in raw material prices and the cyclical nature of the forging industry, which may impact revenue stability. The high cash conversion cycle raises liquidity concerns, necessitating effective working capital management to avoid cash flow issues. Additionally, the decline in promoter holding may affect governance and strategic decision-making, which could further influence investor confidence. Strengthening operational efficiencies, enhancing product offerings, and managing costs will be crucial in navigating these challenges. If the company can leverage its market position and improve its financial metrics, it may regain favor among investors and enhance shareholder value over time.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of Ganga Forging Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Happy Forgings Ltd | 9,189 Cr. | 974 | 1,191/716 | 34.1 | 196 | 0.31 % | 19.2 % | 15.5 % | 2.00 |
| EL Forge Ltd | 36.5 Cr. | 18.0 | 44.4/17.5 | 16.4 | 12.2 | 0.00 % | 11.2 % | 9.14 % | 10.0 |
| CIE Automotive India Ltd | 16,542 Cr. | 436 | 537/357 | 20.6 | 183 | 1.61 % | 16.6 % | 13.2 % | 10.0 |
| Amic Forging Ltd | 1,730 Cr. | 1,490 | 1,750/850 | 84.0 | 110 | 0.00 % | 27.9 % | 21.8 % | 10.0 |
| Amforge Industries Ltd | 13.2 Cr. | 9.15 | 15.5/7.26 | 25.8 | 9.12 | 0.00 % | 6.53 % | 3.72 % | 2.00 |
| Industry Average | 9,944.90 Cr | 396.76 | 103.49 | 151.84 | 0.32% | 10.77% | 10.71% | 6.13 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 7.63 | 9.21 | 8.13 | 8.44 | 9.86 | 8.57 | 8.55 | 10.24 | 8.51 | 11.51 | 11.67 | 11.53 | 7.75 |
| Expenses | 7.29 | 8.79 | 7.59 | 7.75 | 9.34 | 8.03 | 7.91 | 9.44 | 7.92 | 10.92 | 11.18 | 10.95 | 7.81 |
| Operating Profit | 0.34 | 0.42 | 0.54 | 0.69 | 0.52 | 0.54 | 0.64 | 0.80 | 0.59 | 0.59 | 0.49 | 0.58 | -0.06 |
| OPM % | 4.46% | 4.56% | 6.64% | 8.18% | 5.27% | 6.30% | 7.49% | 7.81% | 6.93% | 5.13% | 4.20% | 5.03% | -0.77% |
| Other Income | 0.00 | 0.09 | 0.00 | 0.35 | 0.00 | 0.03 | 0.01 | 0.07 | 0.19 | 0.15 | 0.31 | -0.01 | 0.37 |
| Interest | 0.10 | 0.23 | 0.22 | 0.26 | 0.16 | 0.18 | 0.22 | 0.29 | 0.29 | 0.23 | 0.22 | 0.22 | 0.23 |
| Depreciation | 0.22 | 0.22 | 0.22 | 0.21 | 0.22 | 0.22 | 0.22 | 0.34 | 0.25 | 0.27 | 0.27 | 0.29 | 0.27 |
| Profit before tax | 0.02 | 0.06 | 0.10 | 0.57 | 0.14 | 0.17 | 0.21 | 0.24 | 0.24 | 0.24 | 0.31 | 0.06 | -0.19 |
| Tax % | 150.00% | -50.00% | 40.00% | -142.11% | 14.29% | -29.41% | -9.52% | 108.33% | -20.83% | -12.50% | 12.90% | 366.67% | 47.37% |
| Net Profit | -0.01 | 0.09 | 0.07 | 1.37 | 0.12 | 0.22 | 0.23 | -0.02 | 0.29 | 0.28 | 0.27 | -0.15 | -0.29 |
| EPS in Rs | -0.00 | 0.01 | 0.01 | 0.13 | 0.01 | 0.02 | 0.02 | -0.00 | 0.02 | 0.02 | 0.02 | -0.01 | -0.02 |
Last Updated: August 20, 2025, 10:40 am
Below is a detailed analysis of the quarterly data for Ganga Forging Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 7.75 Cr.. The value appears to be declining and may need further review. It has decreased from 11.53 Cr. (Mar 2025) to 7.75 Cr., marking a decrease of 3.78 Cr..
- For Expenses, as of Jun 2025, the value is 7.81 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 10.95 Cr. (Mar 2025) to 7.81 Cr., marking a decrease of 3.14 Cr..
- For Operating Profit, as of Jun 2025, the value is -0.06 Cr.. The value appears to be declining and may need further review. It has decreased from 0.58 Cr. (Mar 2025) to -0.06 Cr., marking a decrease of 0.64 Cr..
- For OPM %, as of Jun 2025, the value is -0.77%. The value appears to be declining and may need further review. It has decreased from 5.03% (Mar 2025) to -0.77%, marking a decrease of 5.80%.
- For Other Income, as of Jun 2025, the value is 0.37 Cr.. The value appears strong and on an upward trend. It has increased from -0.01 Cr. (Mar 2025) to 0.37 Cr., marking an increase of 0.38 Cr..
- For Interest, as of Jun 2025, the value is 0.23 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 0.22 Cr. (Mar 2025) to 0.23 Cr., marking an increase of 0.01 Cr..
- For Depreciation, as of Jun 2025, the value is 0.27 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 0.29 Cr. (Mar 2025) to 0.27 Cr., marking a decrease of 0.02 Cr..
- For Profit before tax, as of Jun 2025, the value is -0.19 Cr.. The value appears to be declining and may need further review. It has decreased from 0.06 Cr. (Mar 2025) to -0.19 Cr., marking a decrease of 0.25 Cr..
- For Tax %, as of Jun 2025, the value is 47.37%. The value appears to be improving (decreasing) as expected. It has decreased from 366.67% (Mar 2025) to 47.37%, marking a decrease of 319.30%.
- For Net Profit, as of Jun 2025, the value is -0.29 Cr.. The value appears to be declining and may need further review. It has decreased from -0.15 Cr. (Mar 2025) to -0.29 Cr., marking a decrease of 0.14 Cr..
- For EPS in Rs, as of Jun 2025, the value is -0.02. The value appears to be declining and may need further review. It has decreased from -0.01 (Mar 2025) to -0.02, marking a decrease of 0.01.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: October 15, 2025, 5:20 am
| Metric | Mar 2011 | Mar 2012 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 8.98 | 17.36 | 24.87 | 27.88 | 23.64 | 22.98 | 28.83 | 33.41 | 37.21 | 43.22 | 42.46 |
| Expenses | 8.15 | 16.22 | 22.90 | 25.53 | 24.39 | 21.28 | 26.28 | 31.41 | 34.71 | 40.96 | 40.86 |
| Operating Profit | 0.83 | 1.14 | 1.97 | 2.35 | -0.75 | 1.70 | 2.55 | 2.00 | 2.50 | 2.26 | 1.60 |
| OPM % | 9.24% | 6.57% | 7.92% | 8.43% | -3.17% | 7.40% | 8.84% | 5.99% | 6.72% | 5.23% | 3.77% |
| Other Income | 0.01 | 0.02 | 0.03 | 0.17 | 0.10 | 0.10 | 1.26 | 0.57 | 0.10 | 0.64 | 0.82 |
| Interest | 0.33 | 0.46 | 0.79 | 1.12 | 1.27 | 0.79 | 0.95 | 0.81 | 0.85 | 0.96 | 0.90 |
| Depreciation | 0.30 | 0.41 | 0.50 | 0.74 | 0.88 | 0.87 | 0.88 | 0.88 | 1.00 | 1.07 | 1.10 |
| Profit before tax | 0.21 | 0.29 | 0.71 | 0.66 | -2.80 | 0.14 | 1.98 | 0.88 | 0.75 | 0.87 | 0.42 |
| Tax % | 42.86% | 72.41% | 35.21% | 21.21% | -24.64% | -85.71% | 47.47% | -88.64% | 41.33% | 28.74% | |
| Net Profit | 0.11 | 0.09 | 0.46 | 0.52 | -2.12 | 0.25 | 1.03 | 1.66 | 0.44 | 0.61 | 0.11 |
| EPS in Rs | 2.20 | 1.80 | 0.06 | 0.05 | -0.20 | 0.02 | 0.10 | 0.16 | 0.03 | 0.05 | 0.01 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
YoY Net Profit Growth
| Year | 2011-2012 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | -18.18% | 13.04% | -507.69% | 111.79% | 312.00% | 61.17% | -73.49% | 38.64% |
| Change in YoY Net Profit Growth (%) | 0.00% | 31.23% | -520.74% | 619.48% | 200.21% | -250.83% | -134.66% | 112.13% |
Ganga Forging Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2011-2012 to 2024-2025.
Growth
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 14% |
| TTM: | 18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | -21% |
| TTM: | -149% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 23% |
| 3 Years: | -14% |
| 1 Year: | -54% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 3% |
| 3 Years: | 3% |
| Last Year: | 1% |
Last Updated: September 5, 2025, 4:25 am
Balance Sheet
Last Updated: September 10, 2025, 1:44 pm
| Month | Mar 2011 | Mar 2012 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.35 | 0.35 | 5.57 | 7.95 | 7.95 | 10.60 | 10.60 | 10.60 | 13.42 | 13.48 |
| Reserves | 0.87 | 0.96 | 3.02 | 6.17 | 4.05 | 0.12 | 1.05 | 2.74 | 17.99 | 18.71 |
| Borrowings | 4.37 | 2.84 | 7.83 | 12.67 | 11.57 | 10.54 | 11.67 | 14.30 | 9.98 | 16.58 |
| Other Liabilities | 2.70 | 5.42 | 8.75 | 8.47 | 9.48 | 9.69 | 7.73 | 7.08 | 4.92 | 9.92 |
| Total Liabilities | 8.29 | 9.57 | 25.17 | 35.26 | 33.05 | 30.95 | 31.05 | 34.72 | 46.31 | 58.69 |
| Fixed Assets | 1.95 | 1.89 | 9.34 | 15.68 | 15.05 | 14.55 | 13.90 | 15.55 | 16.48 | 17.79 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.36 | 0.00 | 2.21 | 0.75 | 0.00 | 0.39 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 6.34 | 7.68 | 15.83 | 19.58 | 17.64 | 16.40 | 14.94 | 18.42 | 29.83 | 40.51 |
| Total Assets | 8.29 | 9.57 | 25.17 | 35.26 | 33.05 | 30.95 | 31.05 | 34.72 | 46.31 | 58.69 |
Below is a detailed analysis of the balance sheet data for Ganga Forging Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:
- For Equity Capital, as of Mar 2025, the value is 13.48 Cr.. The value appears strong and on an upward trend. It has increased from 13.42 Cr. (Mar 2024) to 13.48 Cr., marking an increase of 0.06 Cr..
- For Reserves, as of Mar 2025, the value is 18.71 Cr.. The value appears strong and on an upward trend. It has increased from 17.99 Cr. (Mar 2024) to 18.71 Cr., marking an increase of 0.72 Cr..
- For Borrowings, as of Mar 2025, the value is 16.58 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 9.98 Cr. (Mar 2024) to 16.58 Cr., marking an increase of 6.60 Cr..
- For Other Liabilities, as of Mar 2025, the value is 9.92 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 4.92 Cr. (Mar 2024) to 9.92 Cr., marking an increase of 5.00 Cr..
- For Total Liabilities, as of Mar 2025, the value is 58.69 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 46.31 Cr. (Mar 2024) to 58.69 Cr., marking an increase of 12.38 Cr..
- For Fixed Assets, as of Mar 2025, the value is 17.79 Cr.. The value appears strong and on an upward trend. It has increased from 16.48 Cr. (Mar 2024) to 17.79 Cr., marking an increase of 1.31 Cr..
- For CWIP, as of Mar 2025, the value is 0.39 Cr.. The value appears strong and on an upward trend. It has increased from 0.00 Cr. (Mar 2024) to 0.39 Cr., marking an increase of 0.39 Cr..
- For Investments, as of Mar 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
- For Other Assets, as of Mar 2025, the value is 40.51 Cr.. The value appears strong and on an upward trend. It has increased from 29.83 Cr. (Mar 2024) to 40.51 Cr., marking an increase of 10.68 Cr..
- For Total Assets, as of Mar 2025, the value is 58.69 Cr.. The value appears strong and on an upward trend. It has increased from 46.31 Cr. (Mar 2024) to 58.69 Cr., marking an increase of 12.38 Cr..
Notably, the Reserves (18.71 Cr.) exceed the Borrowings (16.58 Cr.), indicating a solid financial buffer.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow
| Month | Mar 2011 | Mar 2012 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
Free Cash Flow
| Month | Mar 2011 | Mar 2012 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | -3.54 | -1.70 | -5.86 | -10.32 | -12.32 | -8.84 | -9.12 | -12.30 | -7.48 | -14.32 |
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Financial Efficiency Indicators
| Month | Mar 2011 | Mar 2012 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 144.29 | 97.14 | 119.32 | 119.79 | 135.56 | 114.84 | 61.02 | 62.38 | 83.08 | 67.65 |
| Inventory Days | 155.46 | 87.56 | 132.52 | 204.65 | 181.30 | 182.42 | 244.86 | 244.26 | ||
| Days Payable | 151.16 | 159.41 | 162.53 | 183.92 | 82.43 | 75.71 | 29.39 | 80.58 | ||
| Cash Conversion Cycle | 148.59 | 25.29 | 89.31 | 119.79 | 135.56 | 135.56 | 159.89 | 169.09 | 298.55 | 231.33 |
| Working Capital Days | 56.50 | 0.84 | -0.59 | 38.23 | -5.40 | 12.39 | 29.88 | 25.78 | 161.85 | 95.94 |
| ROCE % | 15.40% | 7.50% | -6.08% | 4.33% | 9.78% | 4.67% | 4.61% | 3.13% |
This stock is not held by any mutual fund.
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 1.00 | 1.00 | 1.00 | 1.00 | 10.00 |
| Basic EPS (Rs.) | 0.05 | 0.04 | 0.16 | 0.10 | 0.10 |
| Diluted EPS (Rs.) | 0.05 | 0.03 | 0.16 | 0.10 | 0.10 |
| Cash EPS (Rs.) | 0.12 | 0.10 | 0.23 | 0.18 | 0.92 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 2.39 | 2.34 | 1.26 | 1.10 | 11.42 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 2.39 | 2.34 | 1.26 | 1.10 | 11.42 |
| Revenue From Operations / Share (Rs.) | 3.21 | 2.77 | 3.15 | 2.70 | 21.69 |
| PBDIT / Share (Rs.) | 0.18 | 0.19 | 0.19 | 0.28 | 1.74 |
| PBIT / Share (Rs.) | 0.10 | 0.11 | 0.11 | 0.20 | 0.91 |
| PBT / Share (Rs.) | 0.06 | 0.05 | 0.08 | 0.18 | 0.16 |
| Net Profit / Share (Rs.) | 0.04 | 0.03 | 0.15 | 0.09 | 0.10 |
| PBDIT Margin (%) | 5.75 | 6.96 | 6.19 | 10.65 | 8.00 |
| PBIT Margin (%) | 3.26 | 4.28 | 3.56 | 7.58 | 4.20 |
| PBT Margin (%) | 2.00 | 2.02 | 2.63 | 6.88 | 0.75 |
| Net Profit Margin (%) | 1.41 | 1.19 | 4.95 | 3.60 | 0.46 |
| Return on Networth / Equity (%) | 1.90 | 1.41 | 12.42 | 8.87 | 0.88 |
| Return on Capital Employeed (%) | 3.61 | 4.69 | 6.24 | 11.58 | 5.92 |
| Return On Assets (%) | 1.04 | 0.95 | 4.77 | 3.33 | 0.34 |
| Long Term Debt / Equity (X) | 0.15 | 0.02 | 0.32 | 0.41 | 0.34 |
| Total Debt / Equity (X) | 0.51 | 0.31 | 1.07 | 1.00 | 0.75 |
| Asset Turnover Ratio (%) | 0.82 | 0.91 | 1.02 | 0.92 | 0.71 |
| Current Ratio (X) | 1.60 | 2.41 | 1.16 | 1.19 | 1.05 |
| Quick Ratio (X) | 0.60 | 1.10 | 0.44 | 0.45 | 0.52 |
| Inventory Turnover Ratio (X) | 1.86 | 1.95 | 2.31 | 2.38 | 1.93 |
| Interest Coverage Ratio (X) | 2.58 | 3.04 | 2.56 | 3.23 | 2.32 |
| Interest Coverage Ratio (Post Tax) (X) | 1.21 | 1.51 | 2.43 | 1.30 | 1.14 |
| Enterprise Value (Cr.) | 73.95 | 125.87 | 46.44 | 93.25 | 54.49 |
| EV / Net Operating Revenue (X) | 1.71 | 3.38 | 1.39 | 3.25 | 2.37 |
| EV / EBITDA (X) | 29.74 | 48.60 | 22.45 | 30.53 | 29.60 |
| MarketCap / Net Operating Revenue (X) | 1.33 | 3.14 | 0.96 | 2.85 | 1.98 |
| Price / BV (X) | 1.79 | 3.72 | 2.42 | 7.00 | 3.76 |
| Price / Net Operating Revenue (X) | 1.33 | 3.14 | 0.96 | 2.85 | 1.98 |
| EarningsYield | 0.01 | 0.00 | 0.05 | 0.01 | 0.00 |
After reviewing the key financial ratios for Ganga Forging Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 1.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 0.05. This value is below the healthy minimum of 5. It has increased from 0.04 (Mar 24) to 0.05, marking an increase of 0.01.
- For Diluted EPS (Rs.), as of Mar 25, the value is 0.05. This value is below the healthy minimum of 5. It has increased from 0.03 (Mar 24) to 0.05, marking an increase of 0.02.
- For Cash EPS (Rs.), as of Mar 25, the value is 0.12. This value is below the healthy minimum of 3. It has increased from 0.10 (Mar 24) to 0.12, marking an increase of 0.02.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 2.39. It has increased from 2.34 (Mar 24) to 2.39, marking an increase of 0.05.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 2.39. It has increased from 2.34 (Mar 24) to 2.39, marking an increase of 0.05.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 3.21. It has increased from 2.77 (Mar 24) to 3.21, marking an increase of 0.44.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 0.18. This value is below the healthy minimum of 2. It has decreased from 0.19 (Mar 24) to 0.18, marking a decrease of 0.01.
- For PBIT / Share (Rs.), as of Mar 25, the value is 0.10. This value is within the healthy range. It has decreased from 0.11 (Mar 24) to 0.10, marking a decrease of 0.01.
- For PBT / Share (Rs.), as of Mar 25, the value is 0.06. This value is within the healthy range. It has increased from 0.05 (Mar 24) to 0.06, marking an increase of 0.01.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 0.04. This value is below the healthy minimum of 2. It has increased from 0.03 (Mar 24) to 0.04, marking an increase of 0.01.
- For PBDIT Margin (%), as of Mar 25, the value is 5.75. This value is below the healthy minimum of 10. It has decreased from 6.96 (Mar 24) to 5.75, marking a decrease of 1.21.
- For PBIT Margin (%), as of Mar 25, the value is 3.26. This value is below the healthy minimum of 10. It has decreased from 4.28 (Mar 24) to 3.26, marking a decrease of 1.02.
- For PBT Margin (%), as of Mar 25, the value is 2.00. This value is below the healthy minimum of 10. It has decreased from 2.02 (Mar 24) to 2.00, marking a decrease of 0.02.
- For Net Profit Margin (%), as of Mar 25, the value is 1.41. This value is below the healthy minimum of 5. It has increased from 1.19 (Mar 24) to 1.41, marking an increase of 0.22.
- For Return on Networth / Equity (%), as of Mar 25, the value is 1.90. This value is below the healthy minimum of 15. It has increased from 1.41 (Mar 24) to 1.90, marking an increase of 0.49.
- For Return on Capital Employeed (%), as of Mar 25, the value is 3.61. This value is below the healthy minimum of 10. It has decreased from 4.69 (Mar 24) to 3.61, marking a decrease of 1.08.
- For Return On Assets (%), as of Mar 25, the value is 1.04. This value is below the healthy minimum of 5. It has increased from 0.95 (Mar 24) to 1.04, marking an increase of 0.09.
- For Long Term Debt / Equity (X), as of Mar 25, the value is 0.15. This value is below the healthy minimum of 0.2. It has increased from 0.02 (Mar 24) to 0.15, marking an increase of 0.13.
- For Total Debt / Equity (X), as of Mar 25, the value is 0.51. This value is within the healthy range. It has increased from 0.31 (Mar 24) to 0.51, marking an increase of 0.20.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 0.82. It has decreased from 0.91 (Mar 24) to 0.82, marking a decrease of 0.09.
- For Current Ratio (X), as of Mar 25, the value is 1.60. This value is within the healthy range. It has decreased from 2.41 (Mar 24) to 1.60, marking a decrease of 0.81.
- For Quick Ratio (X), as of Mar 25, the value is 0.60. This value is below the healthy minimum of 1. It has decreased from 1.10 (Mar 24) to 0.60, marking a decrease of 0.50.
- For Inventory Turnover Ratio (X), as of Mar 25, the value is 1.86. This value is below the healthy minimum of 4. It has decreased from 1.95 (Mar 24) to 1.86, marking a decrease of 0.09.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 2.58. This value is below the healthy minimum of 3. It has decreased from 3.04 (Mar 24) to 2.58, marking a decrease of 0.46.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 1.21. This value is below the healthy minimum of 3. It has decreased from 1.51 (Mar 24) to 1.21, marking a decrease of 0.30.
- For Enterprise Value (Cr.), as of Mar 25, the value is 73.95. It has decreased from 125.87 (Mar 24) to 73.95, marking a decrease of 51.92.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 1.71. This value is within the healthy range. It has decreased from 3.38 (Mar 24) to 1.71, marking a decrease of 1.67.
- For EV / EBITDA (X), as of Mar 25, the value is 29.74. This value exceeds the healthy maximum of 15. It has decreased from 48.60 (Mar 24) to 29.74, marking a decrease of 18.86.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 1.33. This value is within the healthy range. It has decreased from 3.14 (Mar 24) to 1.33, marking a decrease of 1.81.
- For Price / BV (X), as of Mar 25, the value is 1.79. This value is within the healthy range. It has decreased from 3.72 (Mar 24) to 1.79, marking a decrease of 1.93.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 1.33. This value is within the healthy range. It has decreased from 3.14 (Mar 24) to 1.33, marking a decrease of 1.81.
- For EarningsYield, as of Mar 25, the value is 0.01. This value is below the healthy minimum of 5. It has increased from 0.00 (Mar 24) to 0.01, marking an increase of 0.01.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
|
|
Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Ganga Forging Ltd:
- Net Profit Margin: 1.41%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 3.61% (Industry Average ROCE: 10.77%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 1.9% (Industry Average ROE: 10.71%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 1.21
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 0.6
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 0 (Industry average Stock P/E: 103.49)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 0.51
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: 1.41%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Forgings | Sr. No 55/1 P6/P1/P1, Near Shree Stamping, Rajkot Dist. Gujarat 360311 | info@gangaforging.com http://www.gangaforging.com |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Hiralal Tilva | Chairman & Managing Director |
| Mr. Rakesh Patel | Managing Director |
| Mrs. Parul Patel | Whole Time Director |
| Mrs. Sheetal Chaniara | Whole Time Director |
| Mr. Nishith Trivedi | Ind. Non-Executive Director |
| Mr. Jasubhai Patel | Ind. Non-Executive Director |
| Mr. Sagarkumar Govani | Ind. Non-Executive Director |
| Mr. Nayankumar Virparia | Ind. Non-Executive Director |
| Mr. Ramesh Dhingani | Ind. Non-Executive Director |
FAQ
What is the intrinsic value of Ganga Forging Ltd?
Ganga Forging Ltd's intrinsic value (as of 21 October 2025) is 0.30 which is 91.80% lower the current market price of 3.66, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 49.3 Cr. market cap, FY2025-2026 high/low of 8.50/2.98, reserves of ₹18.71 Cr, and liabilities of 58.69 Cr.
What is the Market Cap of Ganga Forging Ltd?
The Market Cap of Ganga Forging Ltd is 49.3 Cr..
What is the current Stock Price of Ganga Forging Ltd as on 21 October 2025?
The current stock price of Ganga Forging Ltd as on 21 October 2025 is 3.66.
What is the High / Low of Ganga Forging Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of Ganga Forging Ltd stocks is 8.50/2.98.
What is the Stock P/E of Ganga Forging Ltd?
The Stock P/E of Ganga Forging Ltd is .
What is the Book Value of Ganga Forging Ltd?
The Book Value of Ganga Forging Ltd is 2.39.
What is the Dividend Yield of Ganga Forging Ltd?
The Dividend Yield of Ganga Forging Ltd is 0.00 %.
What is the ROCE of Ganga Forging Ltd?
The ROCE of Ganga Forging Ltd is 3.13 %.
What is the ROE of Ganga Forging Ltd?
The ROE of Ganga Forging Ltd is 1.01 %.
What is the Face Value of Ganga Forging Ltd?
The Face Value of Ganga Forging Ltd is 1.00.