GANGAFORGE

Ganga Forging Limited

Listed company · ISIN INE691Z01023 · NSE EQ · FV ₹1
Last price
₹2
-1.26%today
What this company does

Ganga Forging Limited is a listed company. It booked ₹7 cr of revenue in its latest quarter (Q1 FY27) and kept 14.7% of sales as profit.

Ganga Forging is one of the leading steel forging manufacturers started in the year 1988 by qualified technocrats and manufactures forging and machined components as per customer’s specifications for industrial use.
The company manufactures specialized components for the automotive industry, railways, construction equipment, agricultural machinery and equipment, earth moving and other industries, our facilities include fully automated forging and machining lines.
The company is engaged in the business of own Production and Job work of forging items and accordingly sale of forging items and job work income are core and strategic activities.
Their stated vision

To become a leader in the forging industry by ensuring customer Satisfaction” Core Business Values:  Modern capability and human resources to deliver the best forging and machine components.

In the report:
51out of 100
Equitytale Health Score
Mixed

Healthier than 51% of listed companies we score, on all six measures of filed financials. Each measure is ranked against the 1,561–2,858 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
36

At close. Not part of the score.

Profitability & returns58

How much profit it earns on the money it employs

Balance sheet35

How much it owes, and whether earnings cover the interest

Cash quality2

Whether reported profit actually arrives as cash

Growth & consistency48

Whether sales and profit have grown, and how steadily

Valuation91

What today's price implies, against our models or its peers

Governance & risk86

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
A mixed picture
Strengths
Makes a profit
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Sales down 7% vs last year

What if I invest in GANGAFORGE?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹2 -1.26%
latest close · 2026-09-17
1-year return
-89.7%
52-wk low ₹252-wk high ₹25
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio4.9Low
LowAverageHigh
P/B ratio0.74Below book
Below bookModerateHigh
EV / EBITDA7.0Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity14.9%Fair
WeakFairStrong ▸15%
Return on capital12.1%Fair
WeakFairStrong
Net margin14.7%Decent
ThinDecentStrong
EBITDA margin20.3%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.71Moderate
LowModerateHigh ▸1
Interest cover5.6×Strong
RiskyOkayStrong ▸5×
Current ratio1.38Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹21 cr
Book value
₹2
EPS
₹0.08
latest quarter
Net debt
₹20 cr
owes more than its cash
Enterprise value
₹41 cr
EBITDA
₹6 cr
annualised
EBIT
₹5 cr
annualised
Operating margin
16.3%
Return on assets
7.0%
Earnings yield
20.38%
P/S
0.74
Sales / share
₹2.1
Tax rate
-10.1%
Face value
₹1
Shares
13.5 cr
Working capital
₹8 cr
Current assets
₹30 cr
Current liabilities
₹22 cr
Delivery %
62.6%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹1₹1, midpoint ₹1

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹7 cr
Other Income₹13.9 L
Total Income₹7 cr
Cost of Materials₹5 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-47.5 L
Employee Benefit Expense₹49.8 L
Finance Costs₹20.8 L
Depreciation & Amortisation₹29.1 L
Other Expenses₹1 cr
Total Expenses₹7 cr
Exceptional Items₹65 L
Profit before Tax₹96.1 L
Tax Expense₹-9.7 L
Net Profit₹1 cr
Net margin on total income14.4%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹5 cr56.0%
Employee benefit expense₹49.8 L6.2%
Finance costs₹20.8 L2.6%
Depreciation & amortisation₹29.1 L3.6%
Other expenses₹1 cr18.6%
Profit for the period₹1 cr13.1%
Total income ₹7 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue9 cr11 cr7 cr
Total income9 cr11 cr7 cr
Expenses9 cr11 cr7 cr
Profit before tax4.5 L-69 L96.1 L
Tax0.6 L-22.7 L-9.7 L
Net profit (owners' share)3.9 L-46.3 L1 cr
Net margin (owners' share, on revenue)0.4%-4.3%14.7%
EPS (₹)0.00-0.030.08
YoY (latest quarter): total income -5.6% · net profit
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹60 cr
Shareholder equity
₹29 cr
parent shareholders
Total debt
₹20 cr
Cash
₹12.4 L
Cash flow · H1 FY26
Operating
₹46.1 L
Investing
₹-42.5 L
Financing
₹-18.8 L
Who owns it · 2026-07-21
No pledge
Promoter
35.5%
FII / Foreign
12.8%
DII / Domestic
Retail / others
51.7%
Promoter stake down 5.1% over the last 12 quarters.
Smart-money activity
Insider trades
SoldRakesh Chhaganlal Patel · Promoters24.50 L · ₹82.0 L11 Nov 25
SoldHiralal Mahidas Tilva · Promoters25.32 L · ₹84.7 L11 Nov 25
SoldShitalben Manishkumar Nar · Promoter Group12.00 L · ₹82.1 L20 Dec 24
Bulk / block deals
SoldNEO APEX SHARE BROKING SERVICES LLP · NSE17.00 L @ ₹1.763 Sep 26
BoughtNEO APEX SHARE BROKING SERVICES LLP · NSE17.00 L @ ₹1.763 Sep 26
SoldNEO APEX SHARE BROKING SERVICES LLP · NSE23.46 L @ ₹1.5331 Aug 26
Stake changes
SoldPINE OAK GLOBAL FUND→ 0.46% · 1.92 cr14 Aug 26
SoldPine Oak Global Fund→ 6.17% · 1.22 cr6 Aug 26
SoldRakesh Chhaganlal Patel · promoter→ 4.58% · 24.50 L12 Nov 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Special shareholder meeting · 12 Feb 2026
See the official result
1
To consider and approve Increase in authorized share capital of the company from Rs.18,00,00,000/- (Rupees Eighteen crores only) To Rs. 35,00,00,000/- (Rupees Thirty-Five crores only)
Backed by 100% of shareholders other than promotersneeded 50%
18.57 L votes for, 0 against
2
Alteration in Clause V (i.e. Capital Clause) of the Memorandum of Association of the company
Backed by 100% of shareholders other than promotersneeded 75%
18.57 L votes for, 0 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 12 named members
owning 35.5% between them · as of 2026-07-21
Hiralal Mahidas Tilva10.01%
Rakesh Chhaganlal Patel4.58%
Harsh Manishbhai Nar3.87%
Hetal Mayurkumar Kalaria2.77%
Sheetal Sanjivkumar Chaniara2.77%
Shitalben Manishkumar Nar2.57%
Daxaben Hiralal Tilva2.06%
Avni Nileshkumar Dadhaniya2.03%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.