{
  "main_header": {
    "sid": 1003016,
    "name": "Ganga Forging",
    "stock_name": "Ganga Forging",
    "full_name": "Ganga Forging Ltd",
    "name_url": "stocks-analysis/ganga-forging",
    "exchange": 1,
    "exchangecode": "",
    "country_id": 34,
    "currency": "INR",
    "cmp": "2.98",
    "chg": 0.16,
    "chgp": "5.67%",
    "dir": 1,
    "prev_price": "2.82",
    "mcapval": "38.00 Cr",
    "mcap": "Micro Cap",
    "scripcode": "",
    "symbol": "GANGAFORGE",
    "ind_name": "Castings & Forgings",
    "ind_code": 38,
    "indexname": "",
    "isin": "INE691Z01023",
    "curr_date": "Dec 05",
    "curr_time": "",
    "bse_nse_vol": 219953,
    "exc_status": "Active",
    "traded_date": "Dec 05, 2025",
    "traded_date_str": "2025 12 05",
    "score": "",
    "scoreText": "",
    "Live": 0,
    "market_time": 0,
    "is_blur": 1,
    "is_blur_class": "blur-register-score-header",
    "is_blur_url": "https://www.marketsmojo.com/mojofeed/register?redirect=/stocks-analysis/ganga-forging-1003016-1&utm_source=Spage_Header_Score",
    "mojoone": {
      "ismore": 0
    }
  },
  "news": {
    "results": [
      {
        "title": "Why is Ganga Forging falling/rising?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/why-is-ganga-forging-fallingrising-3749647",
        "imagepath": "",
        "date": "2025-12-06 01:38:22",
        "description": "    <div class=\"article-news-new\">\n        <div class=\"article-container\">\n\n<div class=\"article-content\">\n\n<p><strong>Short-Term Price Movement and Market Context</strong></p>\n<p>Despite the recent price rise, Ganga Forging’s stock has been under significant pressure over the past year and beyond. The company’s shares have declined by 59.62% in the last 12 months, sharply underperforming the Sensex, which gained 5.98% over the same period. Even on a year-to-date basis, the stock has fallen nearly 57%, contrasting with the Sensex’s robust 10.75% gain. This trend extends over longer horizons, with the stock lagging behind the benchmark indices over three years, despite a five-year cumulative gain of 109.12%, slightly outperforming the Sensex’s 97.51% rise.</p>\n<p>On the day of the price increase, Ganga Forging outperformed its sector by 5.58%, signalling a relative strength in trading activity. However, the s..."
      },
      {
        "title": "Ganga Forging Hits Lower Circuit Amid Heavy Selling Pressure",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/ganga-forging-hits-lower-circuit-amid-heavy-selling-pressure-and-panic-selling-3744448",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/12/GangaForging_stocks_hitting_lower_circuit_3744448.png",
        "date": "2025-12-03 15:00:11",
        "description": "Shares of Ganga Forging Ltd plunged to their lower circuit limit on 3 December 2025, reflecting intense selling pressure and a sharp decline in investor sentiment. The stock recorded a maximum daily loss of 8.74%, closing at a new 52-week low of ₹2.78, signalling heightened panic selling and unfilled supply in the Castings & Forgings sector."
      },
      {
        "title": "Why is Ganga Forging falling/rising?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/why-is-ganga-forging-fallingrising-3713374",
        "imagepath": "",
        "date": "2025-11-18 23:31:13",
        "description": "As of 18-Nov, Ganga Forging Ltd's stock price is currently at 3.24, reflecting a decrease of 0.07 or 2.11%. The stock has underperformed significantly, with a 1-week return of -3.28% and a 1-month return of -10.50%. Today's performance indicates that it has fallen below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, the delivery volume has plummeted by 91.92% compared to the 5-day average, indicating a lack of investor interest. The company is facing substantial challenges, including operating losses, a high debt-to-EBITDA ratio of 4.56, and a negative EBITDA, which collectively contribute to its weak long-term fundamental strength. Recent financial results show a drastic decline in net sales and a significant drop in profit after tax, further exacerbating the stock's downward trajectory.\n\nIn the broader market context, Ganga Forging's performance ..."
      },
      {
        "title": "Is Ganga Forging overvalued or undervalued?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/is-ganga-forging-overvalued-or-undervalued-3678142",
        "imagepath": "",
        "date": "2025-11-07 08:13:00",
        "description": "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.\n\nIn 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 ..."
      },
      {
        "title": "Why is Ganga Forging falling/rising?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/why-is-ganga-forging-fallingrising-3677569",
        "imagepath": "",
        "date": "2025-11-06 23:27:16",
        "description": "As of 06-Nov, Ganga Forging Ltd's stock price is currently at 3.45, reflecting a decrease of 0.08, or 2.27%. The stock has underperformed its sector by 1.73% today, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 47.72% compared to the 5-day average. Over the past week, the stock has declined by 3.09%, and it has experienced substantial losses year-to-date, down 50.14%, and over the past year, down 53.69%. Unfortunately, there is no information available regarding positive or negative factors that could explain the stock's recent movement.\n\nIn the broader market context, Ganga Forging's short-term performance has been notably worse than the benchmark Sensex, which has only declined by 1.42% over the same week. While the Sensex has shown a positive return of 1.72..."
      },
      {
        "title": "How has been the historical performance of Ganga Forging?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/how-has-been-the-historical-performance-of-ganga-forging-3677318",
        "imagepath": "",
        "date": "2025-11-06 23:01:48",
        "description": "Answer:\nThe historical performance of Ganga Forging shows a fluctuating trend in its financial metrics over the years, with notable changes in sales, profits, and expenses.\n\nBreakdown:\nGanga 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 c..."
      },
      {
        "title": "Are Ganga Forging latest results good or bad?",
        "link": "https://www.marketsmojo.com/news/result-analysis/are-ganga-forging-latest-results-good-or-bad-3676461",
        "imagepath": "",
        "date": "2025-11-06 19:20:34",
        "description": "Ganga Forging's latest financial results for Q2 FY26 indicate significant operational challenges. The company reported a net loss of ₹2.94 crores, contrasting sharply with a profit of ₹0.28 crores in the same quarter last year. This marks a substantial deterioration in profitability, reflecting ongoing difficulties in managing costs and generating revenue.\n\nRevenue for the quarter stood at ₹8.27 crores, which represents a decline of 28.15% year-on-year. However, there was a sequential improvement of 6.71% from the previous quarter's revenue of ₹7.75 crores. Despite this slight recovery, the overall revenue trend remains concerning, as it is significantly below the levels achieved in prior quarters.\n\nThe operating margin for Ganga Forging was reported at negative 28.42%, the lowest on record for the company. This sharp decline from a positive margin of 5.13% in Q2 FY25 underscores the severe operational stre..."
      },
      {
        "title": "Ganga Forging Q2 FY26: Operating Losses Deepen as Revenue Pressure Mounts",
        "link": "https://www.marketsmojo.com/news/result-analysis/ganga-forging-q2-fy26-operating-losses-deepen-as-revenue-pressure-mounts-3676370",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/11/GangaForging_quaterlyResult_3676370.png",
        "date": "2025-11-06 09:56:37",
        "description": "Ganga Forging Ltd., a micro-cap castings and forgings manufacturer based in Gujarat, reported deeply troubling second-quarter results for FY2026, with the company sliding into significant operating losses. Net profit plunged to a loss of ₹2.94 crores in Q2 FY26, marking a dramatic deterioration from a profit of ₹0.28 crores in the year-ago quarter. The stock, trading at ₹3.50, has declined 0.85% following the results announcement and remains down 53.02% over the past year, reflecting sustained investor concern about the company's operational trajectory."
      },
      {
        "title": "Why is Ganga Forging falling/rising?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/why-is-ganga-forging-fallingrising-3636111",
        "imagepath": "",
        "date": "2025-10-20 22:42:53",
        "description": "As of 20-Oct, Ganga Forging Ltd's stock price is currently at 3.66, reflecting an increase of 0.04 or 1.1%. Despite this slight uptick, the stock has shown a negative performance trend over various periods, with a one-week return of -1.61% and a year-to-date decline of -47.11%. Today's price summary indicates that the stock has outperformed its sector by 0.56%, although it is trading below several moving averages, including the 5-day and 20-day averages. The company is facing challenges, including a high Debt to EBITDA ratio of 5.67 times and a significant drop in profits, which have fallen by 138% over the past year. Additionally, institutional investor participation has decreased, indicating a lack of confidence in the stock's long-term fundamentals.\n\nBroader market context shows that while Ganga Forging has experienced a decline, the benchmark Sensex has performed positively, gaining 2.44% over the past ..."
      }
    ],
    "total": 150,
    "sid": "1003016",
    "stock_news_url": "https://www.marketsmojo.com/news/ganga-forging-1003016"
  },
  "announcements": [
    {
      "details": "Ganga Forging Limiteding Limited for the quarter ended 30-Sep-2019 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.",
      "source": "NSE",
      "caption": "Ganga Forging Limited - Clarification - Financial Results",
      "datetime": "03-Dec-2019"
    },
    {
      "details": "Ganga Forging Limited has informed the Exchange regarding Board meeting held on November 14, 2019.",
      "source": "NSE",
      "caption": "Ganga Forging Limited - Outcome of Board Meeting",
      "datetime": "15-Nov-2019"
    },
    {
      "details": "Ganga Forging Limited has informed the Exchange regarding 'Submission of Certificate under Reg 74(5) of SEBI (Depositories and Participants), Regulations, 2018'.",
      "source": "NSE",
      "caption": "Ganga Forging Limited - Updates",
      "datetime": "22-Oct-2019"
    }
  ],
  "corporate_actions": [
    {
      "img": "board-meeting.svg",
      "title": "BOARD MEETING",
      "msg": "<span>No</span> Upcoming Board Meetings",
      "data": []
    },
    {
      "img": "dividend.svg",
      "title": "DIVIDEND",
      "msg": "No <strong>Dividend</strong> history available",
      "data": []
    },
    {
      "img": "splits.svg",
      "title": "SPLITS",
      "msg": "",
      "data": [
        {
          "txt": "Ganga Forging Ltd has announced <strong>1:10</strong> stock split, ex-date: 13 Sep 21",
          "dt": "2021-09-13",
          "middle_text": "Split"
        }
      ]
    },
    {
      "img": "bonus.svg",
      "title": "BONUS",
      "msg": "",
      "data": [
        {
          "txt": "Ganga Forging Ltd has announced <strong>1:3</strong> bonus issue, ex-date: 11 Jan 21",
          "dt": "2021-01-11",
          "middle_text": "Bonus Alert"
        }
      ]
    },
    {
      "img": "rights-issues.svg",
      "title": "RIGHTS",
      "msg": "No <strong>Rights</strong> history available",
      "data": []
    }
  ]
}

News and Views

Why is Ganga Forging falling/rising?

2025-12-06 01:38:22

Short-Term Price Movement and Market Context

Despite the recent price rise, Ganga Forging’s stock has been under significant pressure over the past year and beyond. The company’s shares have declined by 59.62% in the last 12 months, sharply underperforming the Sensex, which gained 5.98% over the same period. Even on a year-to-date basis, the stock has fallen nearly 57%, contrasting with the Sensex’s robust 10.75% gain. This trend extends over longer horizons, with the stock lagging behind the benchmark indices over three years, despite a five-year cumulative gain of 109.12%, slightly outperforming the Sensex’s 97.51% rise.

On the day of the price increase, Ganga Forging outperformed its sector by 5.58%, signalling a relative strength in trading activity. However, the s...

Read More

Ganga Forging Hits Lower Circuit Amid Heavy Selling Pressure

2025-12-03 15:00:11

Shares of Ganga Forging Ltd plunged to their lower circuit limit on 3 December 2025, reflecting intense selling pressure and a sharp decline in investor sentiment. The stock recorded a maximum daily loss of 8.74%, closing at a new 52-week low of ₹2.78, signalling heightened panic selling and unfilled supply in the Castings & Forgings sector.

Read More

Why is Ganga Forging falling/rising?

2025-11-18 23:31:13

As of 18-Nov, Ganga Forging Ltd's stock price is currently at 3.24, reflecting a decrease of 0.07 or 2.11%. The stock has underperformed significantly, with a 1-week return of -3.28% and a 1-month return of -10.50%. Today's performance indicates that it has fallen below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, the delivery volume has plummeted by 91.92% compared to the 5-day average, indicating a lack of investor interest. The company is facing substantial challenges, including operating losses, a high debt-to-EBITDA ratio of 4.56, and a negative EBITDA, which collectively contribute to its weak long-term fundamental strength. Recent financial results show a drastic decline in net sales and a significant drop in profit after tax, further exacerbating the stock's downward trajectory. In the broader market context, Ganga Forging's performance ...

Read More

Is Ganga Forging overvalued or undervalued?

2025-11-07 08:13:00

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. 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 ...

Read More

Why is Ganga Forging falling/rising?

2025-11-06 23:27:16

As of 06-Nov, Ganga Forging Ltd's stock price is currently at 3.45, reflecting a decrease of 0.08, or 2.27%. The stock has underperformed its sector by 1.73% today, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 47.72% compared to the 5-day average. Over the past week, the stock has declined by 3.09%, and it has experienced substantial losses year-to-date, down 50.14%, and over the past year, down 53.69%. Unfortunately, there is no information available regarding positive or negative factors that could explain the stock's recent movement. In the broader market context, Ganga Forging's short-term performance has been notably worse than the benchmark Sensex, which has only declined by 1.42% over the same week. While the Sensex has shown a positive return of 1.72...

Read More

How has been the historical performance of Ganga Forging?

2025-11-06 23:01:48

Answer: 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. Breakdown: 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 c...

Read More

Are Ganga Forging latest results good or bad?

2025-11-06 19:20:34

Ganga Forging's latest financial results for Q2 FY26 indicate significant operational challenges. The company reported a net loss of ₹2.94 crores, contrasting sharply with a profit of ₹0.28 crores in the same quarter last year. This marks a substantial deterioration in profitability, reflecting ongoing difficulties in managing costs and generating revenue. Revenue for the quarter stood at ₹8.27 crores, which represents a decline of 28.15% year-on-year. However, there was a sequential improvement of 6.71% from the previous quarter's revenue of ₹7.75 crores. Despite this slight recovery, the overall revenue trend remains concerning, as it is significantly below the levels achieved in prior quarters. The operating margin for Ganga Forging was reported at negative 28.42%, the lowest on record for the company. This sharp decline from a positive margin of 5.13% in Q2 FY25 underscores the severe operational stre...

Read More

Ganga Forging Q2 FY26: Operating Losses Deepen as Revenue Pressure Mounts

2025-11-06 09:56:37

Ganga Forging Ltd., a micro-cap castings and forgings manufacturer based in Gujarat, reported deeply troubling second-quarter results for FY2026, with the company sliding into significant operating losses. Net profit plunged to a loss of ₹2.94 crores in Q2 FY26, marking a dramatic deterioration from a profit of ₹0.28 crores in the year-ago quarter. The stock, trading at ₹3.50, has declined 0.85% following the results announcement and remains down 53.02% over the past year, reflecting sustained investor concern about the company's operational trajectory.

Read More

Why is Ganga Forging falling/rising?

2025-10-20 22:42:53

As of 20-Oct, Ganga Forging Ltd's stock price is currently at 3.66, reflecting an increase of 0.04 or 1.1%. Despite this slight uptick, the stock has shown a negative performance trend over various periods, with a one-week return of -1.61% and a year-to-date decline of -47.11%. Today's price summary indicates that the stock has outperformed its sector by 0.56%, although it is trading below several moving averages, including the 5-day and 20-day averages. The company is facing challenges, including a high Debt to EBITDA ratio of 5.67 times and a significant drop in profits, which have fallen by 138% over the past year. Additionally, institutional investor participation has decreased, indicating a lack of confidence in the stock's long-term fundamentals. Broader market context shows that while Ganga Forging has experienced a decline, the benchmark Sensex has performed positively, gaining 2.44% over the past ...

Read More

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