Garg Furnace

Which are the latest news on Garg Furnace?

Why is Garg Furnace Ltd falling/rising?

As of 23-Jun, Garg Furnace Ltd's stock price is rising to 117.80, reflecting a 0.9% increase. This rise is due to its strong performance against the Sensex and recent consecutive gains, despite a decline in the steel sector and reduced investor participation.

As of 23-Jun, Garg Furnace Ltd's stock price is rising, currently at 117.80, reflecting a change of 1.05 (0.9%) upward. This increase can be attributed to several factors. Over the past week, the stock has outperformed the benchmark Sensex, gaining 4.57% while the Sensex has declined by 0.79%. Additionally, the stock has shown a positive trend with consecutive gains over the last three days, accumulating a total return of 3.97% during this period.<BR><BR>Despite the overall negative performance in the steel sector, which has seen a decline of 2.4%, Garg Furnace Ltd has managed to maintain its upward momentum. The stock's current price is higher than its 5-day and 20-day moving averages, indicating short-term strength, although it remains below its longer-term moving averages (50-day, 100-day, and 200-day). <BR><BR>However, it is important to note that there has been a significant drop in investor participation, with delivery volume falling by 70.92% compared to the 5-day average. This decline in trading activity could indicate a potential concern for future price stability. Nonetheless, the current upward movement in the stock price is primarily driven by its recent performance relative to the sector and the benchmark index.

How big is Garg Furnace?

As of 10th June, Garg Furnace Ltd has a market capitalization of 79.00 Cr, with net sales of 234.45 Cr and net profit of 9.20 Cr over the last three quarters. Shareholder's funds are 62.25 Cr and total assets are valued at 77.92 Cr as of March 2025.

As of 10th June, Garg Furnace Ltd has a market capitalization of 79.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest quarterly performance, the sum of Net Sales for the last three quarters is 234.45 Cr, while the sum of Net Profit for the same period is 9.20 Cr.<BR><BR>The reporting period for the balance sheet is March 2025, with Shareholder's Funds amounting to 62.25 Cr and Total Assets valued at 77.92 Cr.

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 company's operations and strategic direction. If you need more specific information about their roles or contributions, feel free to ask!

Who are the peers of the Garg Furnace?

Peers of Garg Furnace include Sarthak Metals, Sharda Ispat, Zenith Steel, and others, with varying management risks and growth ratings. Excellent Wires has the highest 1-year return at 0.00%, while Garg Furnace's return is -32.89%.

Peers: The peers of Garg Furnace are Sarthak Metals, Sharda Ispat, Zenith Steel, Prakash Steelage, Alliance Integ., Rajas. Tube Mfg, Excellent Wires, Hisar Met.Inds., and Mangalam Alloys.<BR><BR>Quality Snapshot: Excellent management risk is observed at Sarthak Metals, Garg Furnace, and Prakash Steelage, while Average management risk is found at Sharda Ispat, Rajas. Tube Mfg, and Hisar Met.Inds., and the rest. Below Average management risk is noted at Alliance Integ., Excellent Wires, Mangalam Alloys, and Shri Hare-Krish. Growth is rated as Good for Garg Furnace and Excellent Wires, while Below Average growth is seen at Sarthak Metals, Sharda Ispat, Prakash Steelage, Rajas. Tube Mfg, Hisar Met.Inds., and the rest. Zenith Steel does not qualify for growth. Capital Structure is Excellent at Sarthak Metals, Average at Sharda Ispat, Rajas. Tube Mfg, and Hisar Met.Inds., and Below Average at Alliance Integ., Prakash Steelage, and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Excellent Wires at 0.00%, while the peer with the lowest is Sarthak Metals at -45.06%. Garg Furnace's 1-year return of -32.89% is better than Sarthak Metals but worse than Excellent Wires. Additionally, several peers, including Sarthak Metals, Sharda Ispat, Alliance Integ., Rajas. Tube Mfg, and Hisar Met.Inds., have negative six-month returns.

What does Garg Furnace do?

Garg Furnace Ltd is a micro-cap manufacturer and dealer of iron and steel products, with net sales of 78 Cr and a net profit of 3 Cr as of March 2026. The company has a market cap of INR 79 Cr and key financial metrics include a P/E ratio of 8.00 and a debt-equity ratio of 0.09.

Overview: <BR>Garg Furnace Ltd is a manufacturer and dealer of iron and steel products, operating within the micro cap segment of the Iron & Steel Products industry.<BR><BR>History: <BR>Incorporated in December 1973, Garg Furnace Ltd was converted into a public limited company in February 1976. The latest quarterly results reported net sales and profit for March 2026.<BR><BR>Financial Snapshot: <BR>Net Sales: 78 Cr (Quarterly Results - Mar 2026) <BR>Net Profit: 3 Cr (Quarterly Results - Mar 2026) <BR>Market Cap: INR 79 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 8.00 <BR>Industry P/E: 26 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.09 <BR>Return on Equity: 10.41% <BR>Price to Book: 0.79<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

Should I buy, sell or hold Garg Furnace Ltd?

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.

When is the next results date for Garg Furnace Ltd?

The next results date for Garg Furnace Ltd is 30 May 2026.

The next results date for Garg Furnace Ltd is scheduled for 30 May 2026.

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