Garg Furnace

how big is Garg Furnace?

As of October 2023, Garg Furnace Ltd has a market capitalization of 98.87 Cr, classifying it as a Micro Cap company, with recent net sales of 261.62 Cr and a net profit of 7.63 Cr over the last four quarters. The shareholder's funds are 48.71 Cr, and total assets amount to 60.96 Cr as of March 2024.

Market Cap: Garg Furnace Ltd has a market capitalization of 98.87 Cr, which classifies it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters, which includes data from Mar'25, Dec'24, Sep'24, and Jun'24, is 261.62 Cr. The sum of Net Profit for the same quarters is 7.63 Cr. This data is presented on a Standalone basis.<BR><BR>Balance Sheet Snapshot: This is Standalone data for the latest annual period ending in Mar'24. The Shareholder's Funds are reported at 48.71 Cr, while the Total Assets amount to 60.96 Cr.

When is the next results date for Garg Furnace?

No Upcoming Board Meetings

Has Garg Furnace declared dividend?

No Dividend History Available

Who are the peers of the Garg Furnace?

Garg Furnace's peers include APL Apollo Tubes, Welspun Corp, Shyam Metalics, and others. In terms of management risk, growth, and capital structure, Garg Furnace is rated average, with a 1-year return of -32.28%, lower than its peers.

Peers: The peers of Garg Furnace are APL Apollo Tubes, Welspun Corp, Shyam Metalics, Ratnamani Metals, Jindal Saw, Remi Edelstahl, Riddhi Steel, Tulsyan NEC, Swastik Pipe, and Pattech Fitwell.<BR><BR>Quality Snapshot: Excellent management risk is observed at APL Apollo Tubes, while Good management risk is found at Welspun Corp, Shyam Metalics, and Ratnamani Metals. Average management risk is present at Garg Furnace and Jindal Saw, while Below Average management risk is seen at Remi Edelstahl, Riddhi Steel, Tulsyan NEC, Swastik Pipe, and Pattech Fitwell. Excellent growth is noted at APL Apollo Tubes and Jindal Saw, Average growth is found at Garg Furnace, Shyam Metalics, and Ratnamani Metals, while Below Average growth is observed at Welspun Corp, Remi Edelstahl, Riddhi Steel, Tulsyan NEC, Swastik Pipe, and Pattech Fitwell. Excellent capital structure is seen at APL Apollo Tubes, Shyam Metalics, and Ratnamani Metals, while Garg Furnace has a Good capital structure, and Below Average capital structure is noted at Remi Edelstahl, Riddhi Steel, Tulsyan NEC, Swastik Pipe, and Pattech Fitwell.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Welspun Corp at 68.43%, while the peer with the lowest is Jindal Saw at -22.99%. Garg Furnace's own 1-year return is -32.28%, which is lower than both of these peers. Additionally, the six-month return is negative for Garg Furnace, Jindal Saw, Ratnamani Metals, Tulsyan NEC, and Swastik Pipe.

What is the technical trend for Garg Furnace?

As of June 2, 2025, Garg Furnace's technical trend is mildly bearish, with mixed signals from indicators like the MACD and Bollinger Bands, while daily moving averages remain bearish.

As of 2 June 2025, the technical trend for Garg Furnace has changed from bearish to mildly bearish. The weekly MACD indicates a mildly bullish stance, while the monthly MACD shows a mildly bearish trend. The Bollinger Bands are signaling a mildly bearish outlook on both weekly and monthly time frames. Daily moving averages remain bearish, which adds to the overall cautious sentiment. The KST presents a mildly bullish signal on the weekly chart but is mildly bearish on the monthly. Dow Theory shows no clear trend in both weekly and monthly assessments. Overall, the current technical stance is mildly bearish, with key indicators such as the daily moving averages and Bollinger Bands driving this sentiment.

Who are in the management team of Garg Furnace?

As of March 2022, the management team of Garg Furnace includes Devinder Garg (Executive Chairman), Vaneera Garg (Director), Manjit Singh and Dharam Chand (Independent Directors), Chandni Jain (Company Secretary & Compliance Officer), and additional directors Amandeep Kaur and Mrs. Jyoti Batra. Each member contributes to the company's governance and operations.

As of March 2022, the management team of Garg Furnace includes the following individuals:<BR><BR>1. Devinder Garg - Executive Chairman<BR>2. Vaneera Garg - Director<BR>3. Manjit Singh - Independent Director<BR>4. Dharam Chand - Independent Director<BR>5. Chandni Jain - Company Secretary & Compliance Officer<BR>6. Amandeep Kaur - Additional Director<BR>7. Mrs. Jyoti Batra - Additional Director<BR><BR>Each member plays a specific role in the governance and operations of the company.

What does Garg Furnace do?

Garg Furnace Ltd is a manufacturer and dealer of iron and steel products, with a market cap of INR 106 Cr and reported net sales of 742 Cr and net profit of 33 Cr for March 2025. The company has a P/E ratio of 14.00 and operates in the Micro Cap category within the Iron & Steel Products industry.

Overview: <BR>Garg Furnace Ltd is a manufacturer and dealer of iron and steel products, operating in the Micro Cap category within the Iron & Steel Products industry.<BR><BR>History: <BR>Incorporated in December 1973, Garg Furnace Ltd transitioned from a private limited company to a public limited company in February 1976. The latest quarterly results reported net sales and net profit for March 2025.<BR><BR>Financial Snapshot: <BR>Net Sales: 742 Cr (Quarterly Results - Mar 2025) <BR>Net Profit: 33 Cr (Quarterly Results - Mar 2025) <BR>Market Cap: INR 106 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 14.00 <BR>Industry P/E: 34 <BR>Dividend Yield: 0.00% <BR>Debt Equity: -0.21 <BR>Return on Equity: 12.17% <BR>Price to Book: 1.73 <BR><BR>Contact Details: <BR>Address: Kanganwal Road G T Road, Ambala Side VPO Jugiana Ludhiana Punjab : 141120 <BR>Tel: 91-161-2512285 <BR>Email: gargfurnace@yahoo.com <BR>Website: http://www.gargfurnaceltd.com

Who are the top shareholders of the Garg Furnace?

The top shareholders of Garg Furnace include Vaneera Garg, who holds 31.32%, and Securocrop Securities India Private Limited with 5.99%. Individual investors own 32.36%, while there are no pledged promoter holdings, mutual fund, or foreign institutional investor holdings.

The top shareholders of Garg Furnace include the promoters, with Vaneera Garg holding the highest stake at 31.32%. There are no pledged promoter holdings, indicating a strong commitment from the promoters. The highest public shareholder is Securocrop Securities India Private Limited, which holds 5.99%. Additionally, individual investors collectively own 32.36% of the company. There are currently no holdings from mutual funds or foreign institutional investors (FIIs).

How has been the historical performance of Garg Furnace?

Garg Furnace has shown steady growth in net sales and profitability, with net sales increasing from 98.52 Cr in Mar'20 to 261.61 Cr in Mar'25, and profit after tax rising from 3.58 Cr to 7.64 Cr in the same period. The company's total assets also grew from 47.87 Cr to 77.92 Cr, indicating a strong financial position.

Answer:<BR>The historical performance of Garg Furnace shows a steady growth in net sales and profitability over the years, with significant improvements in recent periods.<BR><BR>Breakdown:<BR>Garg Furnace has demonstrated a consistent increase in net sales, rising from 98.52 Cr in Mar'20 to 261.61 Cr in Mar'25. Total operating income has followed a similar trend, reaching 261.61 Cr in Mar'25, up from 111.83 Cr in Mar'19. The raw material cost peaked at 189.47 Cr in Mar'23 but has since decreased to 177.06 Cr in Mar'25. Operating profit (PBDIT) has also shown improvement, increasing from a loss of 6.59 Cr in Mar'20 to a profit of 9.38 Cr in Mar'25. Profit before tax has risen from 3.58 Cr in Mar'20 to 7.64 Cr in Mar'25, while profit after tax has similarly increased to 7.64 Cr in Mar'25 from 3.58 Cr in Mar'20. The company's total assets have grown from 47.87 Cr in Mar'20 to 77.92 Cr in Mar'25, reflecting a strong balance sheet. Cash flow from operating activities has fluctuated, but there was a positive cash flow of 3.00 Cr in Mar'25, contributing to a closing cash balance of 9.00 Cr. Overall, Garg Furnace's financial metrics indicate a positive trajectory in both revenue and profitability over the past few years.

Is Garg Furnace overvalued or undervalued?

As of December 3, 2025, Garg Furnace is considered an attractive investment opportunity in the iron and steel sector, with a low PE ratio of 10.06 compared to industry peers like JSW Steel (45.69) and Jindal Steel (26.22), despite a year-to-date stock decline of 49.09%.

As of 3 December 2025, Garg Furnace's valuation grade has moved from very attractive to attractive, indicating a shift in market perception. The company is currently considered undervalued, with a price-to-earnings (PE) ratio of 10.06, a price-to-book value of 1.01, and an EV to EBITDA ratio of 9.80. These ratios suggest that Garg Furnace is trading at a lower valuation compared to its peers.<BR><BR>In comparison to its industry peers, Garg Furnace's PE ratio is significantly lower than that of JSW Steel, which stands at 45.69, and Jindal Steel, which has a PE of 26.22. Additionally, Tata Steel, which is classified as attractive, has a PE ratio of 27.99. Despite recent stock performance showing a decline of 49.09% year-to-date compared to a 8.92% gain in the Sensex, Garg Furnace's financial metrics indicate that it remains a compelling investment opportunity in the iron and steel products sector.

Are Garg Furnace Ltd latest results good or bad?

Garg Furnace Ltd's latest results show improved profitability with a net profit of ₹2.83 crore and a strong ROE of 19.04%, but declining sales and a 46.11% drop in stock price raise concerns about sustainability and investor confidence. Overall, the results present a mixed outlook for the company.

Garg Furnace Ltd's latest results present a mixed picture. On one hand, the company reported a net profit of ₹2.83 crore for Q2 FY26, which translates to a profit after tax (PAT) margin of 4.58%. This is an improvement compared to previous quarters, and the operating margin reached 5.25%, marking the highest level achieved by the company. Additionally, the return on equity (ROE) stands strong at 19.04%, indicating effective capital utilization.<BR><BR>However, these positive metrics come against a backdrop of declining sales. The quarterly revenue of ₹61.73 crore reflects a concerning trend of sales decline, which raises questions about the sustainability of the profitability improvements. The full-year FY25 revenue growth was only 1.2%, a stark contrast to the robust growth rates seen in previous years.<BR><BR>Furthermore, the stock has faced significant pressure, with a 46.11% decline over the past year, underperforming the broader market and the sector. This decline suggests a loss of investor confidence, exacerbated by the absence of institutional interest and fluctuations in promoter holdings, which could indicate governance concerns.<BR><BR>In summary, while Garg Furnace has shown improvements in profitability metrics, the ongoing revenue stagnation and stock performance issues suggest that the overall results may not be viewed positively by investors. The company faces challenges that could impact its future growth trajectory.

Should I buy, sell or hold Garg Furnace Ltd?

Why is Garg Furnace Ltd falling/rising?

As of 23-Mar, Garg Furnace Ltd's stock price is currently at 130.00, reflecting a significant decline of 29.08% over the past year. Despite some positive indicators, the stock is on a downward trend, underperforming both the market and its sector.

As of 23-Mar, Garg Furnace Ltd's stock price is falling, currently at 130.00, which reflects a decrease of 7.9 points or 5.73%. The stock has been on a downward trend, having lost 11.71% over the last three days and showing a significant decline of 29.08% over the past year, compared to a market decline of only 3.31%. <BR><BR>Today, the stock opened with a gain of 3.7% but quickly fell to an intraday low of Rs 128.05, indicating high volatility with an intraday fluctuation of 5.51%. The stock has underperformed its sector by 0.57% today and is trading below all its moving averages, which suggests a bearish trend. <BR><BR>Additionally, the steel sector, which includes Garg Furnace, has also seen a decline of 5.17%. Despite some positive factors such as a strong ability to service debt and healthy long-term growth in operating profit, the stock's overall performance has been negatively impacted by its significant underperformance relative to the market and the sector. This combination of factors contributes to the current downward movement in Garg Furnace Ltd's stock price.

Why is Garg Furnace Ltd falling/rising?

As of 24-Mar, Garg Furnace Ltd's stock price is at 131.00, showing a slight increase of 0.69%. However, it has a significant downward trend, with declines of 9.09% over the past week and 34.48% over the past year, indicating bearish sentiment and decreased investor confidence.

As of 24-Mar, Garg Furnace Ltd's stock price is currently at 131.00, reflecting a change of 0.9 (0.69%) upward. Despite this slight increase, the stock has been experiencing a downward trend overall. Over the past week, it has underperformed significantly, with a decline of 9.09%, compared to a 2.63% drop in the Sensex. Additionally, the stock has fallen by 14.63% over the past month and 34.48% over the past year, indicating a longer-term negative trend.<BR><BR>Today's performance shows that the stock has gained after three consecutive days of decline, which may suggest a potential trend reversal. However, it is important to note that Garg Furnace is trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, which typically indicates a bearish sentiment.<BR><BR>Moreover, the stock has underperformed its sector, which has seen a gain of 2.53%. Investor participation has also decreased, with a delivery volume of 4.51k on March 23, down 19.19% from the 5-day average, suggesting a lack of confidence among investors. Overall, while there is a minor uptick in the stock price today, the broader context indicates a prevailing downward trend influenced by underperformance relative to the market and sector, as well as declining investor engagement.

Why is Garg Furnace Ltd falling/rising?

As of 25-Mar, Garg Furnace Ltd's stock price is currently at 131.15, reflecting a recent upward trend after four days of decline, despite a 10.93% drop over the past week. The stock has strong long-term performance with a 225.27% increase over three years and improved investor interest, indicated by a significant rise in delivery volume.

As of 25-Mar, Garg Furnace Ltd's stock price is rising, currently at 131.15, reflecting an increase of 1.15 (0.88%). This upward movement follows a trend reversal after four consecutive days of decline. The stock opened with a notable gain of 5.38% today and reached an intraday high of Rs 137. <BR><BR>Despite the recent rise, it is important to note that the stock has underperformed its sector by 1.69% today. Over the past week, Garg Furnace has seen a significant decline of 10.93%, and its performance over the last month shows a drop of 16.14%. However, the stock's long-term performance remains strong, with a remarkable increase of 225.27% over the past three years and 419.41% over the past five years.<BR><BR>Investor participation has also increased, with delivery volume rising by 189.51% against the five-day average, indicating growing interest. Additionally, the company demonstrates a strong ability to service debt, evidenced by a low Debt to EBITDA ratio of 0.89 times, and has shown healthy long-term growth with an annual operating profit increase of 61.01%. <BR><BR>While the stock has generated a return of -29.90% over the past year, its profits have risen by 52.5%, suggesting that the stock is trading at a fair value compared to its peers. Overall, the combination of a recent price increase, improved investor participation, and strong financial fundamentals contributes to the current rise in Garg Furnace Ltd's stock price.

Which are the latest news on Garg Furnace?