1. India Stocks

  2. •

    Non-energy minerals

  3. •

    Steel
Garg Furnace Limited

Garg Furnace Limited

BBSE:GARGFUR
180.75
INR
-3.45
(-1.87%)
17.77EPS
6.46P/E
768.36MMarket Cap
Garg Furnace Limited
BSE:GARGFUR
(Bombay Stock Exchange)

Recent

price

180.75

P/E

ratio

6.46

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
465.88
484.29
484.17
369.47
363.82
224.6
133.25
163.81
278.97
245.77
297.73
445.52
594.32
642.61
544.11
459.87
469.72
Revenue per Share
3.08
4.06
2.32
2.34
1.34
-33
-33.81
-0.32
12.74
8.94
-11.74
15.77
14.82
13.84
15.88
16.36
17.47
Basic EPS, GAAP
-16.92
-26.32
1.91
9.83
-3.52
-46.24
-3.07
5.73
73.74
55.55
6.75
-4.06
15.31
-35.05
3.68
-77.63
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
69.08
73.14
75.46
77.84
77.73
44.73
10.93
10.64
23.35
32.97
21.15
36.75
51.63
105.69
124.28
145.44
- -
Book Value per Share
69.08
73.14
75.46
77.84
77.73
44.73
10.93
10.64
23.35
32.97
21.15
36.75
51.63
105.69
124.28
141.04
- -
Tangible Book Value per Share
4
4
4
4
4
4
4
4
4
4
4
4
4
4
5
6
6
Basic Weighted Avg Shares
1,868
1,941
1,941
1,481
1,458
900
534
657
1,118
985
1,194
1,786
2,382
2,580
2,616
2,893
2,936
Sales/Revenue/Turnover
1.8
3.26
3.81
5.52
4.96
-6.76
-23.61
0.75
-5.39
-7.81
-0.38
3.51
2.62
1.75
2.31
3.81
4.46
Operating Margin (%)
8
11
13
13
11
14
14
13
13
13
15
13
14
16
16
19
19
Depreciation Expense
12
16
9
9
5
-132
-136
-1
51
36
-47
63
59
56
76
103
109
Net Income, GAAP
34.59
26.83
53.92
29.16
- -
- -
- -
- -
0.32
- -
- -
- -
- -
- -
- -
7.01
12.59
Effective Tax Rate (%)
0.66
0.84
0.48
0.63
0.37
-14.69
-25.37
-0.2
4.57
3.64
-3.94
3.54
2.49
2.15
2.92
3.56
3.72
Profit Margin (%)
367
135
124
69
137
-191
-375
-337
-102
-50
-42
44
53
317
413
629
- -
Working Capital
209
55
67
45
173
110
53
45
47
80
67
90
41
14
13
126
- -
LT Debt
277
293
303
312
312
179
44
43
94
132
85
147
207
487
622
1,311
- -
Total Equity
2.79
2.93
1.4
1.33
- -
- -
- -
- -
7.99
8.61
- -
30.02
23.36
11.91
10.7
9.66
- -
Return on Invested Capital (%)
2.79
2.93
1.4
6.68
- -
- -
- -
- -
9.15
13.27
- -
31.72
24.15
15.16
13.61
9.95
- -
Return on Capital (%)
4.56
5.71
3.12
3.05
1.72
-53.89
-121.48
-3.01
74.95
31.74
-43.37
54.48
33.53
16.02
13.76
12.76
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
50
- -
LT Borrowings
- -
126
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5
7
7
Market Capitalization
664
833
768

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
833
- -
Cash, Cash Equivalents & STI
- -
98
- -
Accounts Receivable, Net
- -
235
- -
Inventories
- -
199
- -
Total Current Liabilities
- -
204
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
50
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
43.46%
77.6%
110.6%
Free Cash Flow
-324.41%
-787.74%
-2,860.04%
Net Income, GAAP
-456.02%
-34.94%
34.79%
Sales/Revenue/Turnover
16.51%
20.66%
10.58%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
623
622
630
742
2,616
2026
602
617
942
785
2,893
2027
592
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
3.39
1.6
4.21
6.56
15.88
2026
2.49
4.83
6.15
4.2
16.36
2027
2.53
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -
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Business
Garg Furnace Limited manufactures and trades alloy, non-alloy and stainless steel products in India. The company produces steel billets and ingots in sizes including 80x80 sq.mm, 100x100 sq.mm, 125x125 sq.mm and 150x150 sq.mm; rolling mill products comprising round bars from 25mm to 70mm, square bars from 45mm to 75mm and wire rods from 8mm to 15mm with tolerance levels of 0.02mm to 0.12mm; self-drilling screws under the TAGIT brand in lengths of 3/4-inch, 1-inch, 1.5-inch and 2-inch featuring zinc plating, zinc flake and xylon coatings certified to ISO 9001:2015; as well as M.S. rounds, billets, ingots, wire rods and related items like MIG wire. Garg Furnace operates furnace, rolling and fasteners divisions serving industries such as automotive, tractor, capital goods, forging, construction, manufacturing, electrical and solar primarily in northern India with exports meeting national and international quality standards. Founded in 1973 by Late Sh. Jagdish Chand Garg and headquartered in Ludhiana, Punjab, the company maintains an annual turnover of around 225 crore rupees. In September 2024, Garg Furnace approved the acquisition of at least 51% stake in Vanira Industries Private Limited for INR 400 million to expand into alloy steel, screws and fasteners sectors making it a subsidiary; it also launched its self-drilling screws product line under TAGIT marking a strategic pivot into fasteners with advanced technology from Taiwan.