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Ganga Forging Limited

Ganga Forging Limited

NSE: GANGAFORGE
Metal FabricationIndustrialsSMALL CAPMCap ₹48.9 Cr
₹1.45₹-0.04 (-2.68%)

Market Closed • NSE

Market cap₹48.9 Cr
Enterprise value₹39.7 Cr
P/B0.78
EPS TTM₹-0.14
D/E0.71
Dividend yield0.00%
52W high₹4.10
52W low₹1.35
Price chart(1Y)
1Y Return:-40.33% (₹0.98)
H: ₹2.79L: ₹1.35
1W-2.03%
1M-7.64%
3M-24.48%
6M-50.51%
1Y-63.48%
Today at a glance

Day range

₹1.45₹1.51

52 week range

₹1.35₹4.10
Volume1.70M0.78x 20D avg
Free float50.00%-22.10% volume

Ganga Forging Limited closed at INR1.45 (-2.68%) on volume 0.78x its 20-day average, trading 64.63% below its 52-week high.

Technical analysis
RSI (14)40.4Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹0.08High
SMA 20₹1.50BEARISH
SMA 50₹1.76BEARISH
SMA 100₹1.95BEARISH
SMA 200₹2.45BEARISH
CPR bottom₹1.52
Pivot₹1.51
CPR top₹1.50
What changed recently?

2026-Q1

Q1 FY2026 Financial Results

PAT moved -1274.4% QoQ

2026-07-02

RIGHTS Announced

Rights 3:2 @ Premium Re. 0.63/-

2021-09-20

AGM Announced

Annual General Meeting

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
FAIL3/4 criteria
Non-Compliant (Financial Ratios)
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹20.1 Cr₹48.9 Cr41.15%≤ 33%FAIL
Non-halal income ratio–₹35.6 Cr0.00%≤ 5%PASS
Illiquid assets ratio₹60.4 Cr₹60.5 Cr99.80%≥ 20%PASS
Receivables ratio–₹60.5 Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E—28.10
Forward P/E——
P/B0.783.00
EV/EBITDA—18.00
PEG—1.10
Earnings yield—3.60
Growth & profitability
RevenuePAT
FY23PAT margin 5.00%
FY24PAT margin 1.20%
FY25PAT margin 1.40%
FY26PAT margin -10.30%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+2.60%
Revenue CAGR 5Y—
PAT CAGR 3Y—
PAT CAGR 5Y—
Operating margin5.29%
Net margin-6.58%
Financial health & cash flow
Net debt₹20.0 CrModerate
Interest coverage-3.50xEBIT / interest
CFO / PAT-13.96x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹36.0 Lakh
Capital expenditure–
Free cash flow₹-317.7 Lakh
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall55/100
Valuation50/100
Profitability50/100
Financial health65/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Established operational history in the sector

Active institutional participation

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Metal Fabrication.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

70%47%23%0%Dec 2024Jun 2025Sept 2025Dec 2025
12.76%Institutional holding
51.73%Public holding
4Periods available
0.00%Promoter pledged
48.37KShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
02 Jul 2026Rights issueRights 3:2 @ Premium Re. 0.63/-—02 Jul 2026
—Annual General MeetingAnnual General Meeting—20 Sept 2021
14 Sept 2021Dividend₹10.00 / share—13 Sept 2021
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)65.32%+4.94% latest vs average
Highest delivery91.00%on 30 Sept
Average volume (20D)2.18MTrading-session average
Conviction trendStrengthening+4.94% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Larsen & Toubro Limited
Larsen & Toubro LimitedLT
Open analysis
₹4.99L30.091.05%₹67,942.00₹4,988.00+6.69%+15.52%
Adani Ports and Special Economic Zone Limited
Adani Ports and Special Economic Zone LimitedADANIPORTS
Open analysis
₹4.03L29.880.43%₹10,821.00₹3,650.00+18.57%+10.24%
Hindustan Aeronautics Limited
Hindustan Aeronautics LimitedHAL
Open analysis
₹3.34L35.790.92%₹5,515.00₹1,590.00+14.44%+14.88%
Bharat Electronics Limited
Bharat Electronics LimitedBEL
Open analysis
₹2.75L44.860.66%₹5,547.00₹1,055.00+24.93%+8.88%
InterGlobe Aviation Limited
InterGlobe Aviation LimitedINDIGO
Open analysis
₹1.81L—0.00%₹24,584.10-₹237.60+19.95%-110.92%
Bharat Heavy Electricals Limited
Bharat Heavy Electricals LimitedBHEL
Open analysis
₹1.51L52.550.32%₹7,697.72₹381.91+40.29%+183.84%
ABB India Limited
ABB India LimitedABB
Open analysis
₹1.44L92.640.43%₹3,559.00₹362.00+21.05%+2.84%
CG Power and Industrial Solutions Limited
CG Power and Industrial Solutions LimitedCGPOWER
Open analysis
₹1.33L106.680.16%₹3,281.00₹308.00+14.00%+15.36%
About Ganga Forging Limited
Ganga Forging Limited

Incorporated in 1988, Ganga Forging Ltd is engaged in the business of production, sale, and job work of forging items.[1]

IndiaIndustrials

Questions investors ask
Is Ganga Forging Limited Shariah compliant?

Ganga Forging Limited is currently screened as Non-Compliant (Financial Ratios) under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (41.15%) exceeds AAOIFI threshold (≤ 33%).

What is Ganga Forging Limited's current valuation relative to peers?

Ganga Forging Limited trades at a P/E of N/A compared to the sector median of 28.1x, and a Price-to-Book of 0.8x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.71x. Interest coverage is -3.5x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at steady rates while net profit growth averaged consistent levels.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.