Garg Furnace

Which are the latest news on Garg Furnace?

Why is Garg Furnace Ltd falling/rising?

As of 05-Sep, Garg Furnace Ltd's stock is experiencing a decline of 4.67%, underperforming its sector and showing significant volatility. The stock has decreased 8.77% over the past week and has a negative return of -12.51% over the last year, indicating weak fundamentals and reduced investor participation.

As of 05-Sep, Garg Furnace Ltd's stock price is currently falling, with a change of -7.85, representing a decline of 4.67%. This downward movement is reflected in the stock's performance today, where it underperformed its sector by 6.29%. Although the stock opened with a gain of 3.84% and reached an intraday high of Rs 174.5, it subsequently fell to a low of Rs 156.6, indicating high volatility with an intraday volatility of 5.41%.<BR><BR>The stock has also shown a significant decline over the past week, with a decrease of 8.77%, while the broader market, represented by the Sensex, only fell by 0.97%. Furthermore, Garg Furnace Ltd has underperformed over the last year, with a return of -12.51% compared to the market's positive return of 1.51%. This underperformance is compounded by weak long-term fundamentals, including a decline in net sales by 20.9% compared to the previous four-quarter average and a low return on capital employed (ROCE) of 9.90%.<BR><BR>Additionally, there has been a notable drop in investor participation, with delivery volume falling by 87.78% against the five-day average. While there are some positive factors, such as rising promoter confidence with a 3.5% increase in stake, the overall sentiment and performance metrics suggest that the stock is currently in a downward trend.

Who are in the management team of Garg Furnace?

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. They oversee the company's operations and strategic direction.

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>This team is responsible for overseeing the operations and strategic direction of the company.

What does Garg Furnace do?

Garg Furnace Ltd is a micro-cap company in the Iron & Steel Products industry, specializing in manufacturing and selling iron and steel products. As of June 2026, it reported net sales of 59 Cr and a net profit of 2 Cr, with a market cap of INR 117 Cr.

Overview:<BR>Garg Furnace Ltd is a micro-cap company operating in the Iron & Steel Products industry, specializing in the manufacture and sale of various iron and steel products.<BR><BR>History:<BR>Garg Furnace Ltd was incorporated in December 1973 as a private limited company and converted into a public limited company in February 1976. The company commenced operations in 1974 and the latest quarterly results reported net sales and profits for June 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 59 Cr (Quarterly Results - Jun 2026)<BR>- Net Profit: 2 Cr (Quarterly Results - Jun 2026)<BR>- Market Cap: INR 117 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 11.00<BR>- Industry P/E: 25<BR>- Dividend Yield: 0.00%<BR>- Debt-Equity: 0.09<BR>- Return on Equity: 10.84%<BR>- Price to Book: 1.22<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 peers of the Garg Furnace?

Garg Furnace's peers include Maiden Forgings, Incredible Indus, Kanishk Steel, and others, with Garg Furnace showing good management and growth, while its 1-year return is -5.96%, better than Incredible Indus but lower than Maiden Forgings at 38.15%. Sarthak Metals has the best capital structure among peers, while most others, including Garg Furnace, have below average capital structures.

Peers: The peers of Garg Furnace are Maiden Forgings, Incredible Indus, Kanishk Steel, Alliance Integ., Sarthak Metals, Pattech Fitwell, Kritika Wires, Surani Steel Tub, and Excellent Wires.<BR><BR>Quality Snapshot: Below Average management risk is observed at Maiden Forgings, Incredible Indus, Kanishk Steel, Alliance Integ., Pattech Fitwell, Kritika Wires, Surani Steel Tub, and Excellent Wires, while Average management risk is found at Sarthak Metals. Good management risk is attributed to Garg Furnace. Below Average growth is noted at Maiden Forgings, Incredible Indus, Kanishk Steel, Alliance Integ., Sarthak Metals, Kritika Wires, Surani Steel Tub, and Excellent Wires, while Good growth is seen at Garg Furnace and Pattech Fitwell. Excellent capital structure is observed at Sarthak Metals, while Good capital structure is attributed to Garg Furnace and Excellent Wires, and the rest have Below Average capital structure.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Maiden Forgings at 38.15%, while the lowest is Incredible Indus at -20.99%. Garg Furnace's 1-year return is -5.96%, which is higher than that of Incredible Indus but lower than Maiden Forgings. Additionally, Sarthak Metals and Kanishk Steel have negative six-month returns.

How big is Garg Furnace?

As of 31st August, Garg Furnace Ltd has a market capitalization of 117.00 Cr, with Net Sales of 293.61 Cr and a Net Profit of 10.92 Cr over the latest four quarters. Shareholder's Funds are 98.87 Cr and Total Assets are valued at 133.32 Cr.

As of 31st August, Garg Furnace Ltd has a market capitalization of 117.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Garg Furnace reported Net Sales of 293.61 Cr and a Net Profit of 10.92 Cr.<BR><BR>For the latest reporting period, Shareholder's Funds amounted to 98.87 Cr, while Total Assets were valued at 133.32 Cr.

Should I buy, sell or hold Garg Furnace Ltd?

When is the next results date for Garg Furnace Ltd?

The next results date for Garg Furnace Ltd is 14 August 2026.

The next results date for Garg Furnace Ltd is scheduled for 14 August 2026.

Are Garg Furnace Ltd latest results good or bad?

Garg Furnace Ltd's latest Q4 FY26 results are disappointing, with a 29.97% decline in net profit to ₹2.64 crores and a 16.72% drop in net sales to ₹78.48 crores, raising concerns about the company's operational stability amid increased financial costs. The stock is trading significantly below its 52-week high, reflecting market apprehension about its performance in a challenging steel sector.

Garg Furnace Ltd's latest results for Q4 FY26 indicate a challenging period for the company. The consolidated net profit fell to ₹2.64 crores, representing a significant decline of 29.97% compared to the previous quarter. Similarly, net sales decreased by 16.72% to ₹78.48 crores, following a strong growth in the prior quarter. <BR><BR>While there was a slight improvement in operating margins, which rose to 5.36%, this was not enough to offset the negative impact of declining revenues and increased financial costs, particularly a dramatic rise in interest expenses. The company's profitability has been under pressure, and the volatility in its financial performance raises concerns about its operational stability.<BR><BR>Overall, the results can be characterized as disappointing, with both revenue and profit showing significant declines, which has led to a bearish sentiment surrounding the stock. The stock is currently trading at a considerable discount from its 52-week high, reflecting market concerns about the company's ability to maintain consistent performance in a challenging steel sector environment.

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.

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.

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).

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.

Has Garg Furnace declared dividend?

No Dividend History Available