Ganga Forging

Why is Ganga Forging Ltd falling/rising?

As of 12-Jul, Ganga Forging Ltd's stock price is rising to Rs. 2.21, but it has experienced significant long-term declines, including a 38.61% drop year-to-date and a 67.50% decrease over three years. Despite today's performance outpacing its sector, ongoing operational challenges and declining investor interest indicate the stock remains under pressure.

As of 12-Jul, Ganga Forging Ltd's stock price is rising, currently at Rs. 2.21, reflecting an increase of Rs. 0.08 or 3.76%. Despite this short-term rise, the stock has shown significant declines over longer periods, with a year-to-date drop of 38.61% and a staggering 67.50% decrease over the last three years. <BR><BR>Today's performance indicates that the stock has outperformed its sector by 3.86%, which may contribute to the current uptick in price. However, it is important to note that the stock has recently hit a new 52-week low of Rs. 2.03, suggesting ongoing volatility. Additionally, Ganga Forging is trading below its moving averages across various time frames, indicating a bearish trend overall.<BR><BR>Investor participation has also declined sharply, with a delivery volume of 0 on 09 July, down 100% compared to the 5-day average, which raises concerns about liquidity and interest in the stock. The company is facing significant operational challenges, including negative EBITDA of Rs. -2.1 crore and a high Debt to EBITDA ratio of -12.77 times, which reflects its weak long-term fundamental strength. <BR><BR>In summary, while there is a short-term rise in Ganga Forging Ltd's stock price, the broader context of consistent underperformance, operational losses, and declining investor participation suggests that the stock remains under significant pressure.

Which are the latest news on Ganga Forging?

What does Ganga Forging do?

Ganga Forging Ltd is a Micro Cap company in the Castings & Forgings industry, originally incorporated in 1988 and converted to a public company in 2017. As of March 2026, it reported net sales of 11 Cr and a net profit of 0 Cr, with a market cap of INR 31 Cr.

Overview:<BR>Ganga Forging Ltd operates in the Castings & Forgings industry and is categorized as a Micro Cap company.<BR><BR>History:<BR>Ganga Forging Ltd was originally incorporated as "Ganga Forgoing Private Limited" in 1988. It later converted to a Public limited company and changed its name to "Ganga Forging Limited" on October 30, 2017. The most recent quarterly results reported net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 11 Cr (Quarterly Results - Mar 2026)<BR>- Net Profit: 0 Cr (Quarterly Results - Mar 2026)<BR>- Market Cap: INR 31 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: N/A<BR>- Industry P/E: 46<BR>- Dividend Yield: 0.00%<BR>- Debt-Equity: 0.58<BR>- Return on Equity: -13.88%<BR>- Price to Book: 1.08<BR><BR>Contact Details:<BR>- Address: Plot No 1 SNO 298 & 30, Rajkot Gondal N H Veraval(Shap Ahmedabad Gujarat : 360024<BR>- Tel: 91-2827-252208/252077<BR>- Email: info@gangaforging.com<BR>- Website: http://www.gangaforging.com

How big is Ganga Forging?

As of 10th June, Ganga Forging Ltd has a market capitalization of 31.00 Cr and reported Net Sales of 35.63 Cr with a Net Profit loss of 3.65 Cr over the latest 4 quarters. Shareholder's Funds were 32.19 Cr and Total Assets were 58.68 Cr as of March 2025.

As of 10th June, Ganga Forging Ltd has a market capitalization of 31.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest 4 quarters, Ganga Forging reported Net Sales of 35.63 Cr. However, it experienced a loss of 3.65 Cr in Net Profit during the same period.<BR><BR>The latest annual period for the balance sheet is March 2025, where Shareholder's Funds amounted to 32.19 Cr and Total Assets were valued at 58.68 Cr.

Who are in the management team of Ganga Forging?

The management team of Ganga Forging includes Chairman & Managing Director Hiralal Mahidasbhai Tilva, Managing Director Rakesh Chhaganlal Patel, Whole-time Directors Sheetal Sanjivkumar Chaniara and Parulben Rakeshbhai Patel, Additional Director Mayurkumar Kalaria, and several Independent Directors, along with Company Secretary Drashti Vaghasiya. This team is responsible for the company's governance and management.

The management team of Ganga Forging includes the following individuals:<BR><BR>1. **Hiralal Mahidasbhai Tilva** - Chairman & Managing Director<BR>2. **Rakesh Chhaganlal Patel** - Managing Director<BR>3. **Sheetal Sanjivkumar Chaniara** - Whole-time Director<BR>4. **Parulben Rakeshbhai Patel** - Whole-time Director<BR>5. **Mayurkumar Kalaria** - Additional Director<BR>6. **Ramesh Dhingani** - Independent Director<BR>7. **Harshad Ashar** - Independent Director<BR>8. **Jasubhai Khimjibhai Patel** - Independent Director<BR>9. **Sagarkumar Ramniklal Govani** - Independent Director<BR>10. **Drashti Vaghasiya** - Company Secretary<BR><BR>This team plays a crucial role in the governance and management of the company.

Who are the peers of the Ganga Forging?

Ganga Forging's peers include Forge Auto, Hilton Met.Forg., Sharp Chucks, and others, with varying management risks and growth rates. Ganga Forging has a 1-year return of -46.17%, better than Hilton Met.Forg.'s -67.03% but significantly lower than Forge Auto's 1.09%.

Peers: The peers of Ganga Forging are Forge Auto, Hilton Met.Forg., Sharp Chucks and, Paramount Specia, Deem Roll-Tech, Swastika Castal, Creative Casting, Smiths & Founder, and Super Iron.<BR><BR>Quality Snapshot: Excellent management risk is observed at Swastika Castal, while Good management risk is found at Forge Auto. Average management risk is present at Deem Roll-Tech and Sharp Chucks and, while Below Average management risk is noted at Hilton Met.Forg., Paramount Specia, Ganga Forging, Smiths & Founder, and Super Iron. Growth is Excellent at Super Iron, Good at Swastika Castal, Average at Hilton Met.Forg. and Deem Roll-Tech, and Below Average at Forge Auto, Sharp Chucks and, Paramount Specia, Ganga Forging, Creative Casting, and Smiths & Founder. Capital Structure is Good at Creative Casting, Average at Forge Auto, Paramount Specia, Deem Roll-Tech, and Smiths & Founder, and Below Average at Hilton Met.Forg., Sharp Chucks and, Ganga Forging, Swastika Castal, and Super Iron.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Forge Auto at 1.09%, while the peer with the lowest is Hilton Met.Forg. at -67.03%. Ganga Forging's 1-year return is -46.17%, which is significantly lower than Forge Auto's return but higher than Hilton Met.Forg.'s. Additionally, the six-month return is negative for Hilton Met.Forg., Sharp Chucks and, and Ganga Forging.

Should I buy, sell or hold Ganga Forging Ltd?

Are Ganga Forging Ltd latest results good or bad?

Ganga Forging Ltd's latest Q3 FY26 results show a slight recovery with a net profit of ₹0.04 crore, up from a loss in the previous quarter, but year-on-year performance is concerning with an 85.19% decline in profit and a 23.91% drop in revenue, indicating ongoing struggles. Overall, the results lean towards the negative side despite some improvements.

Ganga Forging Ltd's latest results for Q3 FY26 present a mixed picture, but overall, they lean towards the negative side. On one hand, the company reported a net profit of ₹0.04 crore, a significant improvement from a loss of ₹2.94 crore in the previous quarter (Q2 FY26). This sequential recovery is a positive sign, indicating some stabilization after a challenging period.<BR><BR>However, when looking at year-on-year performance, the situation is concerning. The net profit has declined by 85.19% compared to Q3 FY25, which had a profit of ₹0.27 crore. Revenue for Q3 FY26 was ₹8.88 crore, which reflects a 23.91% decrease from the same quarter last year, despite a 7.38% increase from the previous quarter. This persistent decline in revenue raises red flags about the company's ability to maintain a sustainable growth trajectory.<BR><BR>Additionally, the operating margin improved to 4.50% from a negative margin in the previous quarter, but this is still below the levels achieved in the same quarter last year. The return on equity (ROE) is deeply negative at -13.43%, indicating that the company is currently destroying shareholder value.<BR><BR>Overall, while there are signs of a slight recovery in profitability, the significant year-on-year declines in both revenue and net profit, along with negative return metrics and operational challenges, suggest that Ganga Forging Ltd's latest results are more indicative of ongoing struggles rather than a solid turnaround.

Is Ganga Forging overvalued or undervalued?

As of November 6, 2025, Ganga Forging's valuation has shifted to risky due to its negative PE ratio of -11.96, an EV to EBITDA of -47.55, and a year-to-date stock decline of -50.14%, indicating it is overvalued compared to peers like Bharat Forge and CIE Automotive.

As of 6 November 2025, Ganga Forging's valuation grade has moved from attractive to risky, indicating a significant deterioration in its financial health. The company is currently overvalued based on its negative PE ratio of -11.96 and an EV to EBITDA ratio of -47.55, which are starkly unfavorable compared to its peers. The return on equity (ROE) stands at -12.08%, further highlighting the challenges the company faces in generating shareholder value.<BR><BR>In comparison to its peers, Bharat Forge, which is rated fair, has a PE ratio of 61.4 and an EV to EBITDA of 25.52, while CIE Automotive, rated attractive, has a PE of 20.32 and an EV to EBITDA of 12.06. These ratios suggest that Ganga Forging is not only underperforming but is also trading at a premium relative to its financial metrics. The company's recent stock performance has been poor, with a year-to-date return of -50.14% compared to a 7.89% increase in the Sensex, reinforcing the view that Ganga Forging is overvalued in the current market environment.

How has been the historical performance of Ganga Forging?

Ganga Forging has experienced steady growth in net sales and total assets from March 2021 to March 2025, but faces rising raw material costs and negative cash flow from operations, indicating financial challenges despite increased revenue.

Answer:<BR>The historical performance of Ganga Forging shows a fluctuating trend in its financial metrics over the years, with notable changes in sales, profits, and expenses.<BR><BR>Breakdown:<BR>Ganga Forging's net sales have steadily increased from INR 22.98 crore in March 2021 to INR 43.22 crore in March 2025. The total operating income followed a similar trend, rising from INR 27.88 crore in March 2019 to INR 43.22 crore in March 2025. However, the raw material costs also increased significantly, from INR 14.70 crore in March 2021 to INR 33.02 crore in March 2025. Operating profit, excluding other income, saw fluctuations, peaking at INR 2.54 crore in March 2022 but dropping to INR 2.25 crore in March 2025. Profit before tax showed a slight increase from INR 0.75 crore in March 2024 to INR 0.87 crore in March 2025, while profit after tax rose from INR 0.44 crore in March 2024 to INR 0.61 crore in March 2025. The company's total liabilities increased from INR 34.73 crore in March 2023 to INR 58.68 crore in March 2025, indicating a rise in debt levels. Total assets also grew from INR 34.73 crore in March 2023 to INR 58.68 crore in March 2025. Cash flow from operating activities remained negative, with a cash outflow of INR 4.00 crore in March 2025, reflecting challenges in generating cash from core operations. Overall, Ganga Forging has shown growth in sales and assets, but it faces rising costs and negative cash flow from operations.

Who are the top shareholders of the Ganga Forging?

The top shareholders of Ganga Forging include promoter Hiralal Mahidas Tilva with 11.89%, individual investors holding 52.27%, and one Foreign Institutional Investor and Minerva Ventures Fund, each with 3.71%. There are no pledged promoter holdings or mutual fund schemes in the shareholding structure.

The top shareholders of Ganga Forging include Hiralal Mahidas Tilva, who is the promoter with the highest holding at 11.89%. Additionally, individual investors collectively hold a significant portion at 52.27%. On the institutional side, there is one Foreign Institutional Investor (FII) that holds 3.71%, and the highest public shareholder is Minerva Ventures Fund, also holding 3.71%. There are no pledged promoter holdings or mutual fund schemes involved in the shareholding structure.

What is the technical trend for Ganga Forging?

As of May 20, 2025, Ganga Forging's technical trend is bearish, driven by daily moving averages and reinforced by monthly indicators, with a significant annual underperformance of -44.28% compared to the Sensex's 7.78%.

As of 20 May 2025, the technical trend for Ganga Forging has changed from mildly bearish to bearish. The current stance is bearish with moderate strength, primarily driven by the daily moving averages indicating a bearish trend. The weekly MACD shows mildly bullish signals, but the monthly MACD and Bollinger Bands are both bearish, reinforcing the overall negative outlook. The KST and OBV are mildly bearish on the weekly timeframe, which adds to the bearish sentiment. The stock has underperformed significantly over the past year, with a return of -44.28% compared to the Sensex's 7.78%.

When is the next results date for Ganga Forging?

No Upcoming Board Meetings

What is the bonus history of the Ganga Forging?

Ganga Forging issued a bonus of 1:3, announced on January 11, 2021, with a record date of January 12, 2021, meaning shareholders received one additional share for every three shares held.

Ganga Forging has a bonus history that includes a recent issue of 1:3. This bonus was announced with an ex-date of January 11, 2021, and the record date was January 12, 2021. This means that for every three shares held, shareholders received one additional share as a bonus. If you have any more questions about Ganga Forging or its financial activities, feel free to ask!

Has Ganga Forging declared dividend?

No Dividend History Available