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).

Are Garg Furnace latest results good or bad?

Garg Furnace's latest results are poor, with a 34.5% decline in Profit After Tax to Rs 1.25 crore and net sales dropping 8.0% to Rs 60.15 crore, marking the lowest figures in five quarters. The stock has also received a 'Sell' recommendation, reflecting a negative market outlook.

Garg Furnace's latest results indicate a challenging financial situation. For the quarter ending June 2025, the company reported a Profit After Tax (PAT) of Rs 1.25 crore, which is a significant decline of 34.5% compared to the previous four quarters' average of Rs 1.91 crore. Additionally, net sales fell to Rs 60.15 crore, marking the lowest figure in the last five quarters and an 8.0% decrease from the average net sales of Rs 65.41 crore during the prior four quarters.<BR><BR>The quarterly performance also shows a sharp decline in both net sales and standalone net profit, with net sales experiencing a QoQ drop of 18.89% and standalone net profit decreasing by 61.89%. The overall financial score for the company has also declined, reflecting these challenges.<BR><BR>Moreover, the stock has received a 'Sell' recommendation from MarketsMOJO, further indicating the market's negative outlook on Garg Furnace's current financial health. Overall, the results can be characterized as bad, highlighting significant difficulties in profitability and revenue generation.

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.

Should I buy, sell or hold Garg Furnace Ltd?

Which are the latest news on Garg Furnace?

Why is Garg Furnace Ltd falling/rising?

As of 08-Feb, Garg Furnace Ltd's stock price is 135.90, down 0.69%. Despite strong debt servicing ability and profit growth, the stock has underperformed significantly over the past year and is currently in a bearish trend.

As of 08-Feb, Garg Furnace Ltd's stock price is currently at 135.90, reflecting a decrease of 0.95, or 0.69%. The stock has been experiencing a decline, having underperformed its sector by 0.72% today and has fallen consecutively for the last two days, resulting in a total drop of 1.02% during this period. <BR><BR>Despite some positive indicators, such as a strong ability to service debt with a low Debt to EBITDA ratio of 0.89 times and a significant growth in profits, the stock has still faced challenges. Over the past year, it has generated a return of -46.28%, significantly underperforming the broader market, which has seen a return of 7.71%. This stark contrast highlights the stock's struggles despite a reported 41.72% growth in PAT for the nine months and a high operating profit margin.<BR><BR>Additionally, while the stock is trading at a premium compared to its peers and has shown impressive long-term growth over 3 and 5 years, the recent performance has raised concerns among investors. The stock's current price is lower than the 100-day and 200-day moving averages, indicating a bearish trend. Therefore, the combination of recent underperformance, consecutive declines, and a significant drop in annual returns contributes to the current falling price of Garg Furnace Ltd.