Ganga Forging

Why is Ganga Forging Ltd falling/rising?

As of 18-Jul, Ganga Forging Ltd's stock price is Rs 1.99, up 1.53% today, but it has significantly underperformed, down 44.72% year-to-date and 48.84% over the past year. The company faces financial challenges, including operating losses and a high Debt to EBITDA ratio, indicating weak long-term fundamentals.

As of 18-Jul, Ganga Forging Ltd's stock price is currently at Rs 1.99, reflecting a change of Rs 0.03, or an increase of 1.53%. However, despite this slight rise, the stock has shown significant underperformance over various time periods. Over the past week, it has decreased by 9.95%, and in the last month, it has fallen by 21.65%. Year-to-date, the stock is down 44.72%, and over the past year, it has declined by 48.84%. <BR><BR>The stock is currently trading close to its 52-week low, being only 4.52% away from Rs 1.90, which indicates a lack of upward momentum. Additionally, Ganga Forging Ltd is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. The company's performance today has also underperformed its sector by 1.01%.<BR><BR>Financially, Ganga Forging Ltd is facing significant challenges, including operating losses and a high Debt to EBITDA ratio of -12.77 times, which indicates a low ability to service its debt. The company has recorded a negative EBITDA of Rs -2.1 crore, and its profits have decreased by 429% over the past year. This consistent underperformance against benchmarks, particularly over the last three years, further highlights the company's weak long-term fundamental strength.<BR><BR>In summary, while there is a minor increase in the stock price on this particular day, the overall trend and financial health of Ganga Forging Ltd indicate a precarious situation, leading to a general perception of decline rather than recovery.

Which are the latest news on Ganga Forging?

Are Ganga Forging Ltd latest results good or bad?

Ganga Forging Ltd's latest results show a net profit of ₹1.06 crores, a turnaround from last year's loss, but revenue declined by 32.99% from the previous quarter and 7.23% year-on-year, raising concerns about sustainability. Overall, while profitability has improved, the significant drop in sales suggests caution for investors.

Ganga Forging Ltd's latest results present a mixed picture. On one hand, the company reported a net profit of ₹1.06 crores for Q1 FY27, a significant turnaround from a loss of ₹0.29 crores in the same quarter last year. This improvement in profitability is reflected in the operating margin, which rose to 9.46% from a negative margin of -0.77% a year ago.<BR><BR>However, the revenue figures tell a more concerning story. The company's net sales for the quarter were ₹7.19 crores, which represents a substantial decline of 32.99% from the previous quarter and a 7.23% drop year-on-year. This decline in revenue is particularly troubling as it marks the lowest quarterly sales figure in recent periods, raising concerns about potential market share losses or weak demand.<BR><BR>Overall, while Ganga Forging has managed to achieve profitability in this quarter, the significant drop in revenue and the context of ongoing operational challenges suggest that the results are not entirely positive. Investors may need to be cautious, as the company's ability to sustain this profitability amid declining sales remains uncertain.

Should I buy, sell or hold Ganga Forging Ltd?

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.

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