Ganga Forging
Ganga Forging Limited valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Ganga Forging Limited, framed against the sector median so the premium or discount is obvious at a glance.
Valuation
Profitability
Growth
Financial Health
Ganga Forging Limited chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Ganga Forging Limited — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
Ganga Forging Limited financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Ganga Forging Limited, switchable between annual and quarterly views, consolidated or standalone.
Ganga Forging Limited reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹36.67 Cr and reported EPS of ₹-27.00.
Ganga Forging segment analysis: revenue and profit mix.
Disclosed business segments at Ganga Forging with their share of revenue and profit, switchable between consolidated and standalone reporting.
Ganga Forging discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Ganga Forging Limited investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Ganga Forging Limited, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Ganga Forging Limited's investment case rests on 3 positive markers and 8 flagged concerns drawn from the latest reported filings.
What you're getting.
The company's current price of 3.48 trades above its book value of 2.39, resulting in a price-to-book ratio of 1.46, which may indicate some underlying asset value recognized by the market.
Operating in the 'Castings & Forgings' industry within the 'Capital Goods' sector, the company could benefit from potential growth in manufacturing, infrastructure, and automotive demand.
Given its small market capitalization of 46.90 Cr, even modest improvements in operational efficiency or market share could lead to substantial percentage growth for the company.
What can break it.
The company faces significant profitability challenges, reporting a negative quarterly profit of -0.55 and an alarming -290% decline in quarterly profit variation, indicating severe operational issues.
Ganga Forging exhibits extremely weak returns, with a Return on Equity (ROE) of merely 1.01% and a Return on Capital Employed (ROCE) of 3.13%, significantly underperforming industry benchmarks.
Promoter shareholding has significantly decreased from 67.63% in June 2022 to 39.00% by September 2025, potentially signaling a lack of confidence from key stakeholders.
The company reported a quarterly sales decline of -8.93%, indicating a contraction in revenue generation and potential challenges in market demand or competitive positioning.
The stock's current price of 3.48 is near its 52-week low of 2.98, reflecting significant investor apprehension and poor recent market performance, raising concerns about future price stability.
What would change my mind.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 79.40. Balance sheet risk re-prices growth multiples fast.
Ganga Forging Limited peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Ganga Forging Limited is highlighted for quick read-across.
Quick Compare
Peer Comparison
Ganga Forging Limited technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Ganga Forging Limited — derived from the live tape, not yesterday's close.
Ganga Forging Limited last traded at ₹2.69 with an intraday range of ₹2.5–₹2.74 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹2.69| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 3.27 | +0.58 | +21.44% |
| R3 | 3.03 | +0.34 | +12.52% |
| R2 | 2.88 | +0.19 | +7.19% |
| R1 | 2.79 | +0.10 | +3.59% |
| PIVOT | 2.64 | -0.05 | -1.73% |
| CURRENT | 2.69 | — | — |
| S1 | 2.07 | -0.62 | -23.17% |
| S2 | 2.31 | -0.38 | -14.25% |
| S3 | 2.40 | -0.29 | -10.66% |
| S4 | 2.55 | -0.14 | -5.33% |
GANGAFORGE is trading Above CPR, indicating Bullishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: 2.53 ~ 2.54
Trading Above opening range, showing Bullishness
Ganga Forging Limited delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Ganga Forging Limited over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Ganga Forging Limited stood at 36.9% of traded volume, against a 20-day average of 72.5%.
Ganga Forging announcements: results, concalls, ratings, M&A.
Filings Ganga Forging sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Ganga Forging files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 31 documents below.
Copy of Newspaper Publication
Ganga Forging Limited has informed the Exchange about Copy of Newspaper Publication
Outcome of Board Meeting
Ganga Forging Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
Disclosure under SEBI Takeover Regulations
Hiralal Tilva has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial…
Certificate under SEBI (Depositories and Participants) Regulations, 2018
Ganga Forging Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
Trading Window
Ganga Forging Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations,…
Ganga Forging insider trading: promoter and management activity.
Promoter, director and designated-employee transactions in Ganga Forging as reported to SEBI — buying and selling signals from the people who know the business best.
Ganga Forging insider activity below tracks 1 reported promoter, director and designated-employee transactions under SEBI Regulation 7(2).
| Insider | Category | Txn Date | Action | Quantity | Value (₹) | Price |
|---|---|---|---|---|---|---|
| Shitalben Manishkumar Nar | Insider | 20 Dec 2024 | sell | −12.00 L | ₹82.08 L | ₹6.84 |
Ganga Forging dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Ganga Forging has declared, sequenced by announce and record date.
Ganga Forging corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Ganga Forging Limited: business, sector, key facts.
What Ganga Forging Limited does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Ganga Forging Limited operates in the Capital Goods, listed as NSE: GANGAFORGE.
Ganga Forging Limited is an Indian manufacturer and supplier of steel and aluminum forging parts, primarily catering to the automotive and non-automotive sectors. Their product portfolio is extensive and encompasses a wide range of components used in diverse applications. The company's specialization lies in the precision forging of metal components, which are then used as crucial parts in larger machinery and assemblies.
Within the automotive industry, Ganga Forging produces key engine components such as crankshafts (both single and double cylinder), connecting rods (straight and inclined), and other related parts. These components are critical for the proper functioning of internal combustion engines. Beyond automotive applications, their products extend to a broad range of industries and applications.
For the non-automotive sector, Ganga Forging supplies forged components to various industries, including construction, railways, mechanical engineering, oil refineries, and mining. Their product line for these sectors includes components like yokes, trunnion pins, spiders/crosses, trunnion shafts, flanges, clamps, and blind flanges. Further enhancing their versatility, they also offer specialized forged parts for electrical power transmission systems, such as socket clevises, anchor shackles, and dead-end pins.
The company's ability to produce both steel and aluminum forgings highlights their adaptability and capacity to meet the diverse material requirements of their clients. This broad material and product offering strengthens their position as a significant supplier within the forging industry in India. Their long history, dating back to 1988, and their base in Rajkot, India, solidify their established presence in the market.
In summary, Ganga Forging Limited operates as a comprehensive forging solutions provider, offering a diverse range of high-quality steel and aluminum forged components to a substantial client base across numerous sectors. Their specialization in precision forging and their extensive product catalog position them as a key player in the Indian manufacturing landscape.
Questions investors ask about Ganga Forging Limited (GANGAFORGE).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Ganga Forging Limited (GANGAFORGE)?
The current share price of Ganga Forging Limited (GANGAFORGE) is ₹2.69. Today, the stock has gained by ₹0.18 (7.17%), trading in a range of ₹2.5 to ₹2.74. The stock opened at ₹2.53 with a trading volume of 21,41,021 shares.
02What is the 52-week high and low price of Ganga Forging Limited stock?
The 52-week high price of Ganga Forging Limited (GANGAFORGE) is ₹4.15, while the 52-week low is ₹2.03. Currently trading at ₹2.69, the stock is 31.1% away from its 52-week low and 35.2% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
03How is Ganga Forging Limited stock performing today in the market?
Ganga Forging Limited stock opened at ₹2.53 and is currently trading at ₹2.69, showing a gain of ₹0.18 (7.17%). The intraday high is ₹2.74 and low is ₹2.5. The trading volume stands at 21,41,021 shares, indicating strong market participation today.
04What is the market capitalization of Ganga Forging Limited?
Ganga Forging Limited has a market capitalization of ₹36.67 crores, making it a small-cap company. Market cap is calculated by multiplying the current stock price (₹2.69) by the total number of outstanding shares. This metric helps investors understand the company's size, stability, and investment risk profile.
05What is the book value and P/B ratio of Ganga Forging Limited?
Ganga Forging Limited has a book value of ₹1.85 per share and a Price-to-Book (P/B) ratio of 1.46. The current market price is ₹2.69, which is 45.4% above the book value. A P/B ratio above 1 indicates the stock trades above its book value.
06What is the ROE and ROCE of Ganga Forging Limited?
Ganga Forging Limited has a Return on Equity (ROE) of -12.04% and Return on Capital Employed (ROCE) of 3.13%. ROE measures how efficiently the company generates profits from shareholders' equity, while ROCE indicates how well the company uses its capital to generate profits. These returns may need improvement for better profitability. Higher percentages generally indicate better financial performance.
07Which sector and industry does Ganga Forging Limited belong to?
Ganga Forging Limited operates in the Capital Goods sector and belongs to the Castings & Forgings industry. The company competes with other players in this space and its performance is influenced by sector-specific trends, regulatory changes, and market dynamics. Understanding the sector helps investors assess growth potential, cyclical patterns, and industry-specific risks that may impact the stock's performance.
08What is the debt-to-equity ratio of Ganga Forging Limited?
Ganga Forging Limited has a debt-to-equity ratio of 78.90, which measures the company's financial leverage by comparing total debt to shareholders' equity. A ratio above 2 indicates high leverage and potentially higher financial risk. Lower ratios generally indicate lower financial risk, but optimal levels vary by industry.
The data, ratios and commentary about Ganga Forging Limited (GANGAFORGE) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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