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Ganga Forging
Small Cap•43 Employees•IPO 2018
Current Price
₹2.73
-0.1 (-3.53%)Updated
Today's Range
2.71
₹2.73
2.88
52 Week Range
52W Low₹2.70
52W High₹5.55
₹2.73
Downside1.11%
Upside103.30%
Price Chart
Compare with Peers
Historical Ratios
Track top 12 most important financial ratios
P/E Ratio: Price to Earnings - Most used valuation metric
Loading chart...
Analyzing Investment Quality
Processing 9 key metrics...
Key Metrics
Hover for details
Valuation
Market Cap
₹43.54 Cr
Market Cap
Total market value of companyP/E Ratio
-
P/E Ratio
Price to Earnings. Lower is generally better (<25 is good)P/B Ratio
1.66
P/B Ratio
Price to Book Value. <3 may indicate undervaluationEPS
₹-0.23
EPS
Earnings Per Share. Higher and growing is positiveProfitability
ROE
-9.77%
ROE
Return on Equity. >15% is good, >20% is excellentROCE
3.13%
ROCE
Return on Capital Employed. >15% is goodNet Margin
-13.40%
Net Margin
Net profit as % of revenue. >10% is goodOperating Margin
-%
Operating Margin
Operating profit margin. >15% is goodGrowth
EPS Growth (5Y)
-%
EPS Growth (5Y)
5-year EPS growth. >15% is strongRevenue Growth (5Y)
5.95%
Revenue Growth (5Y)
5-year revenue growth. >10% is goodQtr Sales Growth
-8.93%
Qtr Sales Growth
Quarter-over-quarter sales growthQtr Profit Growth
-290.00%
Qtr Profit Growth
Quarter-over-quarter profit growthFinancial Health
Debt/Equity
0.52
Debt/Equity
Financial leverage. <1 is good, <0.5 is excellentBook Value
₹2.39
Book Value
Net asset value per shareDividend Yield
-%
Dividend Yield
Annual dividend as % of price. >2% is goodPromoter Holding
39.20%
Promoter Holding
Promoter stake. >50% shows confidenceGood
Average
Needs Attention
SWOT Analysis
Strengths
1 points- •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.
Weaknesses
5 points- •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.
Opportunities
2 points- •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.
Threats
3 points- •Intense competition from financially stronger and more profitable industry peers, such as AIA Engineering and Balu Forge, poses a significant threat to market share and pricing power.
- •The cyclical nature of the 'Capital Goods' sector makes the company vulnerable to economic downturns and fluctuations in industrial demand, potentially exacerbating its current sales decline.
Segment-wise Financial Analysis
Fetching Financials...
Fetching Balance Sheet...
Fetching Cash Flow...
Shareholding Pattern
Loading shareholding data...
Company Insider Trading Activity
Recent Insider Transactions
| Insider Name | Transaction Date | Filing Date | Total Shares | Change | Price | Action |
|---|---|---|---|---|---|---|
Shitalben Manishkumar Nar | 20 Dec 2024 | 24 Dec 2024 | 34.70 L | 12.00 L | ₹6.84 | SELL |
Corporate Action
Company Announcements
Technical Analysis & Indicators
Standard pivot points - most widely used
Pivot Points (CLASSIC)
| Level | Price | Distance | % Change |
|---|---|---|---|
| R4 | ₹3.18 | +₹0.45 | +16.36% |
| R3 | ₹3.01 | +₹0.28 | +10.13% |
| R2 | ₹2.94 | +₹0.21 | +7.81% |
| R1 | ₹2.84 | +₹0.11 | +3.91% |
| PIVOT | ₹2.77 | 0.04 | 1.59% |
| CURRENT | ₹2.73 | - | - |
| S1 | ₹2.33 | -₹0.40 | -14.77% |
| S2 | ₹2.50 | -₹0.23 | -8.55% |
| S3 | ₹2.60 | -₹0.13 | -4.64% |
| S4 | ₹2.67 | -₹0.06 | -2.32% |
CPR Levels
Support
Resistance
S4
N/A
S3
N/A
S2
N/A
S1
N/A
| CPR |
BC: N/AP: N/ATC: N/A
R1
N/A
R2
N/A
R3
N/A
R4
N/A
LTP: N/A
PDH: N/A
PDL: N/A
● Market Sentiment
is trading CPR, indicating
● CPR Width
CPR is
● Opening Range
Day's range: ~
● Price Position
Trading Inside opening range
Delivery Volume Analysis & Trading Activity
Latest Volume-36.4% vs avg
2.78L
(16 Mar 2026)Delivery %+0.6% vs avg
68.2%
(16 Mar 2026)Avg Volume (20D)20-day average
4.37L
(16 Feb - 16 Mar)Avg Delivery %Trend ↑
67.6%
(16 Feb - 16 Mar)Delivery % indicates the percentage of traded volume that resulted in actual delivery. Higher delivery % (>50%) suggests genuine buying interest and stronger hands.
Peer Comparison & Industry Benchmarking
Quick Compare
Largest by Market Cap
JSW Steel Ltd
3.04L ₹ Cr
Best Profit Growth
Kridhan Infra Ltd
720.00 %
Highest Dividend Yield
JSW Steel Ltd
0.23 %
Peer Comparison
| Company Name |
|---|
 JSW Steel Ltd |
 Kridhan Infra Ltd |
About
Ganga Forging Ltd
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.
COMPANY FACTS - GANGAFORGE
Registered Address
Survey No. 55/1 P6/P1/P1,, Near Shree Stamping,, Sadak Pipaliya, Gondal,
Rajkot
GUJARAT
IN
Tel: 912827252077.0
Website:https://www.gangaforging.com/
Investor Relations:http://www.gangaforging.com/InvestorsRelation/AnnualReports
Company Details
Group: Materials
Sector: Materials
Industry: Metals & Mining
Exchange: NATIONAL STOCK EXCHANGE OF INDIA
Employees: 43
IPO Date: 11/07/2018
MANAGEMENT - GANGAFORGE
Mr. Hiralal Tilva
Chairman of the Board, Managing Director
Mrs. Avni Dadhania
Chief Financial Officer
Ms. Drashti Vaghasiya
Compliance Officer, Company Secretary
Mr. Rakesh Patel
Managing Director, Executive Director
Mrs. Sheetal Chaniara
Whole Time Director
Mrs. Parulben Patel
Whole Time Director
Mr. Rameshbhai Dhingani
Non-Executive Independent Director
Mr. Sagar Govani
Non-Executive Independent Director
Mr. Jasubhai Patel
Non-Executive Independent Director
Mr. Nayankumar Virparia
Additional Non-Executive Independent Director
Investor Questions Answered
Ganga Forging Ltd (GANGAFORGE) Stock FAQs
Get answers to the most common questions about Ganga Forging Ltd stock price, fundamentals, financial metrics, and investment analysis
The current share price of Ganga Forging Ltd (GANGAFORGE) is ₹2.73. Today, the stock has declined by ₹0.10 (3.53%), trading in a range of ₹2.71 to ₹2.88. The stock opened at ₹2.83 with a trading volume of 2,77,585 shares.
Ganga Forging Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹43.54 crores, P/E ratio of 0.00, ROE of -9.77%, and ROCE of 3.13%. The dividend yield stands at 0.00%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
The 52-week high price of Ganga Forging Ltd (GANGAFORGE) is ₹5.55, while the 52-week low is ₹2.7. Currently trading at ₹2.73, the stock is 1.1% away from its 52-week low and 50.8% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
Whether to buy Ganga Forging Ltd stock at ₹2.73 depends on multiple factors. The stock is currently trading with a P/E ratio of 0.00 and P/B ratio of N/A. Today's performance shows a loss of 3.53%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
Ganga Forging Ltd offers a dividend yield of 0.00%, which means for every ₹100 invested at the current price of ₹2.73, you can expect to receive approximately ₹0.00 annually as dividends. The face value of the stock is ₹1.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
Ganga Forging Ltd's key financial metrics include: P/E Ratio: 0.00, P/B Ratio: N/A, ROE: -9.77%, ROCE: 3.13%, Dividend Yield: 0.00%, EPS: ₹-0.23, Book Value: ₹2.39, Debt-to-Equity: 0.52, and Current Ratio: N/A. The company's market cap stands at ₹43.54 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
Ganga Forging Ltd stock opened at ₹2.83 and is currently trading at ₹2.73, showing a decline of ₹0.10 (3.53%). The intraday high is ₹2.88 and low is ₹2.71. The trading volume stands at 2,77,585 shares, indicating moderate market participation today.
Ganga Forging Ltd has a Price-to-Earnings (P/E) ratio of 0.00, which means investors are willing to pay ₹0.00 for every ₹1 of earnings. With an EPS of ₹-0.23, this P/E ratio suggests the stock may be undervalued or facing growth challenges. Compare this with industry peers and historical P/E ratios for better context.
Ganga Forging Ltd has a market capitalization of ₹43.54 crores, making it a small-cap company. Market cap is calculated by multiplying the current stock price (₹2.73) by the total number of outstanding shares. This metric helps investors understand the company's size, stability, and investment risk profile.
Ganga Forging Ltd has a book value of ₹2.39 per share and a Price-to-Book (P/B) ratio of N/A. The current market price is ₹2.73, which is 14.2% above the book value. A P/B ratio below 1 may indicate undervaluation or asset quality concerns.
Ganga Forging Ltd has a Return on Equity (ROE) of -9.77% 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.
Ganga Forging Ltd operates in the diversified sector and belongs to the general 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.
Ganga Forging Ltd has a debt-to-equity ratio of 0.52, which measures the company's financial leverage by comparing total debt to shareholders' equity. This moderate ratio indicates balanced use of debt and equity. Lower ratios generally indicate lower financial risk, but optimal levels vary by industry.
Ganga Forging Ltd has an Earnings Per Share (EPS) of ₹-0.23, which represents the company's profit allocated to each outstanding share. With a current stock price of ₹2.73 and P/E ratio of 0.00, investors are paying 0.00 times the annual earnings per share. The company may need to improve its earnings performance. Track EPS growth over quarters to assess earnings momentum.
Ganga Forging Ltd has reported a sales growth of N/A% and profit growth of N/A%. The company may be facing growth challenges or operating in a mature market. Consistent growth over multiple quarters is a positive indicator for long-term investors. Compare these growth rates with industry peers for better perspective.
Ganga Forging Ltd has a current ratio of N/A, which measures the company's ability to pay short-term obligations with current assets. A ratio below 1 may indicate potential liquidity concerns. This metric is crucial for assessing the company's working capital management and financial safety.
To analyze Ganga Forging Ltd stock, consider: 1) Fundamental Analysis - Review P/E (0.00), ROE (-9.77%), debt-to-equity (0.52), and growth rates. 2) Technical Analysis - Check 52-week range (₹2.70 - ₹5.55), moving averages, and chart patterns. 3) Valuation - Compare current price (₹2.73) with book value (₹2.39) and industry peers. 4) Financial Health - Assess current ratio (N/A) and cash flows. 5) Growth Prospects - Evaluate sales growth (N/A%) and profit growth (N/A%). Always diversify and consult a financial advisor.
The face value (or par value) of Ganga Forging Ltd share is ₹1.00. Face value is the nominal value of a share as stated in the company's charter and is used for accounting purposes and calculating dividends. The current market price of ₹2.73 is 173x the face value. Face value remains constant unless the company undergoes a stock split or bonus issue, while market price fluctuates based on demand and supply.
Investing in Ganga Forging Ltd carries several risks: 1) Market Risk - Stock price volatility (52-week range: ₹2.70 - ₹5.55). 2) Business Risk - Industry-specific challenges in the sector. 3) Financial Risk - Debt-to-equity ratio of 0.52 indicates leverage. 4) Liquidity Risk - Based on trading volume of 2,77,585 shares. 5) Valuation Risk - P/E of 0.00 may indicate over/undervaluation. 6) Economic Risk - Macroeconomic factors affecting the industry. Diversify your portfolio and invest only what you can afford to lose.
Ganga Forging Ltd operates in the industry with key metrics: P/E ratio of 0.00, ROE of -9.77%, market cap of ₹43.54 crores, and dividend yield of 0.00%. To make an informed comparison, analyze these metrics against industry peers considering factors like revenue growth (N/A%), profit margins, debt levels (D/E: 0.52), and market position. Use our peer comparison tool on this page to see detailed side-by-side analysis with competitors.
Target prices for Ganga Forging Ltd vary among analysts and depend on multiple factors including earnings projections, industry trends, and market conditions. The stock is currently trading at ₹2.73, with a 52-week range of ₹2.70 to ₹5.55. Based on fundamentals like P/E (0.00), ROE (-9.77%), and growth rates, analysts may have different target prices. Always refer to recent research reports from reputed brokerages and make decisions based on your own analysis and risk appetite.
Consider selling Ganga Forging Ltd stock when: 1) Target Price Achieved - If the stock reaches your predetermined target from current ₹2.73. 2) Fundamental Deterioration - Declining ROE (currently -9.77%), increasing debt (D/E: 0.52), or falling growth rates. 3) Better Opportunities - Finding stocks with superior risk-reward ratios. 4) Portfolio Rebalancing - When the stock becomes overweight in your portfolio. 5) Changed Investment Thesis - If reasons for buying no longer hold. 6) Stop Loss - If price falls below your risk threshold. Always base decisions on thorough analysis rather than emotions.
Tax implications for Ganga Forging Ltd stock investments: 1) Short-term Capital Gains (STCG) - If sold within 1 year, gains taxed at 15% plus cess. 2) Long-term Capital Gains (LTCG) - If held over 1 year, gains above ₹1 lakh taxed at 10% without indexation. 3) Dividend Income - Dividends (current yield: 0.00%) are taxable as per your income tax slab. 4) Securities Transaction Tax (STT) - Applicable on both buy and sell transactions. 5) Intraday Trading - Treated as speculative income, taxed as per slab. Tax laws change periodically, so consult a tax advisor for personalized guidance and latest regulations.
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