Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 25 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Ganga Forging Ltd

About the Company - Ganga Forging Ltd

Ganga Forging Ltd. is a Public Limited Listed company incorporated on 29/12/1988 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L28910GJ1988PLC011694 and registration number is 011694. Currently Company is involved in the business activities of Forging, pressing, stamping and roll-forming of metal; powder metallurgy. Company’s Total Operating Revenue is Rs. 28.66 Cr. and Equity Capital is Rs. 10.60 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
ForgingsSr. No 55/1 P6/P1/P1, Near Shree Stamping, Rajkot Gondal National Highway, Rajkot Dist. Gujarat 360311info@gangaforging.com
http://www.gangaforging.com
Management
NamePosition Held
Mr. Hiralal TilvaChairman & Managing Director
Mr. Rakesh PatelManaging Director
Mrs. Sheetal ChaniaraWhole Time Director
Mrs. Parul PatelWhole Time Director
Mr. Ramesh DhinganiInd.& Non Exe.Director
Mr. Jasubhai PatelInd.& Non Exe.Director
Mr. Sagarkumar GovaniInd.& Non Exe.Director
Mr. Nayankumar VirpariaInd.& Non Exe.Director

Basic Stock Data of Ganga Forging Ltd

Last Updated: June 25, 2024, 10:42 pm

Market Cap 108 Cr.
Current Price 8.06
High / Low17.5/5.60
Stock P/E252
Book Value 2.34
Dividend Yield0.00 %
ROCE4.61 %
ROE1.92 %
Face Value 1.00
PEG Ratio38.78

Ganga Forging Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales6.007.385.317.748.127.497.639.218.138.449.868.578.55
Expenses5.557.324.877.157.186.917.298.797.597.759.348.037.91
Operating Profit0.450.060.440.590.940.580.340.420.540.690.520.540.64
OPM %7.50%0.81%8.29%7.62%11.58%7.74%4.46%4.56%6.64%8.18%5.27%6.30%7.49%
Other Income0.000.290.270.740.02-0.020.000.090.000.350.000.030.01
Interest0.280.230.110.210.110.270.100.230.220.260.160.180.22
Depreciation0.220.220.220.220.220.220.220.220.220.210.220.220.22
Profit before tax-0.05-0.100.380.900.630.070.020.060.100.570.140.170.21
Tax %-40.00%250.00%2.63%1.11%-6.35%1,371.43%150.00%-50.00%40.00%-142.11%14.29%-29.41%-9.52%
Net Profit-0.070.150.370.890.66-0.89-0.010.090.071.370.120.220.23
EPS in Rs-0.010.010.030.080.06-0.08-0.000.010.010.130.010.020.02

Last Updated: June 13, 2024, 8:08 pm

Ganga Forging Ltd Quarterly Chart

Ganga Forging Ltd Profit & Loss

Last Updated: June 3, 2024, 3:24 pm

MonthMar 2011Mar 2012Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales8.9817.3624.8727.8823.6422.9828.8333.4135.00
Expenses8.1516.2222.9025.5324.3921.2826.2831.4132.71
Operating Profit0.831.141.972.35-0.751.702.552.002.29
OPM %9.24%6.57%7.92%8.43%-3.17%7.40%8.84%5.99%6.54%
Other Income0.010.020.030.170.100.101.260.570.38
Interest0.330.460.791.121.270.790.950.810.82
Depreciation0.300.410.500.740.880.870.880.880.87
Profit before tax0.210.290.710.66-2.800.141.980.880.98
Tax %42.86%72.41%35.21%21.21%24.64%-85.71%47.47%-88.64%
Net Profit0.110.090.460.52-2.120.251.031.661.78
EPS in Rs2.201.800.060.05-0.200.020.100.160.17
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Ganga Forging Ltd Profit & Loss Yearly Chart

Ganga Forging Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:6%
3 Years:17%
TTM:11%
Compounded Profit Growth
10 Years:%
5 Years:0%
3 Years:14%
TTM:-63%
Stock Price CAGR
10 Years:%
5 Years:40%
3 Years:-3%
1 Year:39%
Return on Equity
10 Years:%
5 Years:1%
3 Years:5%
Last Year:2%

Last Updated: June 25, 2024, 5:12 pm

Ganga Forging Ltd Balance Sheet

Last Updated: June 3, 2024, 3:24 pm

MonthMar 2011Mar 2012Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital0.350.355.577.957.9510.6010.6010.6010.60
Reserves0.870.963.026.174.050.121.052.743.00
Borrowings4.372.847.8312.6711.5710.5411.6714.3010.63
Other Liabilities2.705.428.758.479.489.697.737.0815.51
Total Liabilities8.299.5725.1735.2633.0530.9531.0534.7239.74
Fixed Assets1.951.899.3415.6815.0514.5513.9015.5516.41
CWIP0.000.000.000.000.360.002.210.750.00
Investments0.000.000.000.000.000.000.000.000.00
Other Assets6.347.6815.8319.5817.6416.4014.9418.4223.33
Total Assets8.299.5725.1735.2633.0530.9531.0534.7239.74

Ganga Forging Ltd Reserves and Borrowings Chart

Ganga Forging Ltd Cash Flow

MonthMar 2011Mar 2012Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 0.000.00-1.832.351.981.33-1.09
Cash from Investing Activity 0.000.00-6.91-0.60-0.03-1.69-0.56
Cash from Financing Activity 0.000.008.81-1.76-1.830.191.81
Net Cash Flow0.000.000.07-0.020.12-0.170.17

Ganga Forging Ltd Financial Efficiency Indicators

MonthMar 2011Mar 2012Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days144.2997.14119.32119.79135.56114.8461.0262.3883.08
Inventory Days155.4687.56132.52204.65181.30182.42244.86
Days Payable151.16159.41162.53183.9282.4375.7129.39
Cash Conversion Cycle148.5925.2989.31119.79135.56135.56159.89169.09298.55
Working Capital Days125.6039.5373.38127.51103.45113.88116.10134.92252.19
ROCE %15.40%7.50%-6.08%4.33%9.78%4.67%

Ganga Forging Ltd Financial Efficiency Indicators Chart

Ganga Forging Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters67.63%67.63%67.63%67.63%67.63%67.63%59.53%59.53%59.53%59.35%43.52%40.82%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.00%0.00%0.00%0.00%0.04%
Public32.36%32.37%32.37%32.37%32.37%32.37%40.47%40.47%40.47%40.65%56.48%59.14%
No. of Shareholders1145,3639,39027,63430,28928,79229,34528,31929,38126,69634,38447,335

Ganga Forging Ltd Shareholding Pattern Chart

No. of Ganga Forging Ltd Shareholders

This stock is not held by any mutual fund

Ganga Forging Ltd ROCE Trend

Ganga Forging Ltd EPS Trend

Ganga Forging Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.0010.0010.0010.00
Basic EPS (Rs.)0.160.100.10-2.660.71
Diluted EPS (Rs.)0.160.100.10-2.660.71
Cash EPS (Rs.)0.230.180.92-1.551.58
Book Value[Excl.RevalReserv]/Share (Rs.)1.261.1011.4215.1017.76
Book Value[Incl.RevalReserv]/Share (Rs.)1.261.1011.4215.1017.76
Revenue From Operations / Share (Rs.)3.152.7021.6929.7735.08
PBDIT / Share (Rs.)0.190.281.74-0.823.16
PBIT / Share (Rs.)0.110.200.91-1.932.24
PBT / Share (Rs.)0.080.180.16-3.520.83
Net Profit / Share (Rs.)0.150.090.10-2.660.65
PBDIT Margin (%)6.1910.658.00-2.769.02
PBIT Margin (%)3.567.584.20-6.486.38
PBT Margin (%)2.636.880.75-11.842.37
Net Profit Margin (%)4.953.600.46-8.941.86
Return on Networth / Equity (%)12.428.870.88-17.633.69
Return on Capital Employeed (%)6.2411.585.92-9.499.18
Return On Assets (%)4.773.330.34-6.401.48
Long Term Debt / Equity (X)0.320.410.340.340.34
Total Debt / Equity (X)1.071.000.750.930.82
Asset Turnover Ratio (%)1.020.920.710.690.92
Current Ratio (X)1.161.191.050.981.20
Quick Ratio (X)0.440.450.520.540.64
Inventory Turnover Ratio (X)2.312.381.932.002.62
Interest Coverage Ratio (X)2.563.232.32-0.512.25
Interest Coverage Ratio (Post Tax) (X)2.431.301.14-0.661.47
Enterprise Value (Cr.)46.4493.2554.4920.2928.87
EV / Net Operating Revenue (X)1.393.252.370.851.04
EV / EBITDA (X)22.4530.5329.60-31.0411.48
MarketCap / Net Operating Revenue (X)0.962.851.980.380.61
Price / BV (X)2.427.003.760.761.22
Price / Net Operating Revenue (X)0.962.851.980.380.61
EarningsYield0.050.010.00-0.230.03

Ganga Forging Ltd Profitability Ratios (%)

Ganga Forging Ltd Liquidity Ratios

Ganga Forging Ltd Liquidity Ratios (%)

Ganga Forging Ltd Interest Coverage Ratios (%)

Ganga Forging Ltd Valuation Ratios

Fair Value

Fair Value: 11.55

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 43.28% compared to the current price 8.06

Intrinsic Value: 12.30

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 52.59% compared to the current price ₹8.06

Last 5 Year EPS CAGR: 6.50%

*Investments are subject to market risks

Strength and Weakness of Ganga Forging Ltd Stock

StrengthWeakness
  1. The company has shown consistent growth in sales (24.77 cr) and profit (0.34 cr) over the years.
  1. The stock has a low average ROCE of 3.96%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 120.73, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 142.40, which may not be favorable.
  4. The company has higher borrowings (9.60) compared to reserves (2.44), which may suggest financial risk.

FAQ

What is the latest fair value of Ganga Forging Ltd?

The latest fair value of Ganga Forging Ltd is ₹11.55.

What is the Market Cap of Ganga Forging Ltd?

The Market Cap of Ganga Forging Ltd is 108 Cr..

What is the current Stock Price of Ganga Forging Ltd as on 25 June 2024?

The current stock price of Ganga Forging Ltd as on 25 June 2024 is ₹8.06.

What is the High / Low of Ganga Forging Ltd stocks in FY 2024?

In FY 2024, the High / Low of Ganga Forging Ltd stocks is 17.5/5.60.

What is the Stock P/E of Ganga Forging Ltd?

The Stock P/E of Ganga Forging Ltd is 252.

What is the Book Value of Ganga Forging Ltd?

The Book Value of Ganga Forging Ltd is 2.34.

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 4.61 %.

What is the ROE of Ganga Forging Ltd?

The ROE of Ganga Forging Ltd is 1.92 %.

What is the Face Value of Ganga Forging Ltd?

The Face Value of Ganga Forging Ltd is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Ganga Forging Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE