1. India Stocks

  2. •

    Producer manufacturing

  3. •

    Metal fabrication
Ganga Forging Limited

Ganga Forging Limited

NNSE:GANGAFORGE
1.41
INR
+0.03
(+2.17%)
-0.13EPS
330.27MMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
1.19
1.1
1.31
1.32
3.63
2.24
1.72
1.69
2.12
2.47
2.6
2.52
2.05
2.01
Basic EPS, GAAP
0.05
0.03
0.02
0.04
0.07
0.04
-0.16
0.02
0.08
0.12
0.03
0.04
-0.22
-0.13
Free Cash Flow per Basic Share
-0.16
0.17
0.01
-0.08
- -
-0.76
0.13
0.08
-0.09
-0.18
-0.83
-0.4
-0.19
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.2
0.24
0.26
0.29
0.64
1.06
0.78
0.8
0.87
1
1.86
1.9
1.68
- -
Tangible Book Value per Share
0.2
0.24
0.26
0.29
0.64
1.06
0.78
0.8
0.87
1
1.86
1.9
1.67
- -
Basic Weighted Avg Shares
133
133
133
133
68
123
133
133
133
133
142
170
170
175
Sales/Revenue/Turnover
158
146
175
176
247
275
230
226
282
330
367
428
348
351
Operating Margin (%)
7.5
7.66
5.32
6.6
6.06
5.84
-7.13
3.66
5.94
3.43
4.19
2.82
-9.33
-7.36
Depreciation Expense
5
3
4
5
5
7
9
9
9
9
10
11
12
12
Net Income, GAAP
6
5
3
5
5
5
-21
3
10
17
4
6
-37
-23
Effective Tax Rate (%)
22.16
13.52
22.75
14.29
35.31
21.14
- -
- -
47.58
- -
41.2
29.16
- -
- -
Profit Margin (%)
3.84
3.19
1.45
2.75
1.87
1.89
-9.21
1.12
3.66
5.02
1.21
1.43
-10.51
-6.58
Working Capital
33
-1
-5
7
- -
30
-1
10
24
25
174
117
81
- -
LT Debt
9
8
11
29
17
49
42
41
49
43
8
49
84
- -
Total Equity
27
32
34
39
86
141
104
107
116
133
314
322
285
- -
Return on Invested Capital (%)
16.96
13.7
8.74
10.58
7.03
6.29
- -
- -
5.6
- -
2.64
2.54
- -
- -
Return on Capital (%)
16.03
13.4
8.46
10.01
6.42
6.32
- -
- -
6.74
- -
2.57
2.68
- -
- -
Return on Common Equity (%)
25.07
15.74
7.61
13.15
7.4
4.59
-17.23
2.39
9.25
13.27
1.98
1.93
-12.04
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
117
- -
LT Borrowings
- -
84
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
170
170
170
Market Capitalization
485
321
330

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
299
- -
Cash, Cash Equivalents & STI
- -
1
- -
Accounts Receivable, Net
- -
57
- -
Inventories
- -
191
- -
Total Current Liabilities
- -
217
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
117
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
32.34%
29.95%
-11.45%
Free Cash Flow
- -
38.07%
-52.9%
Net Income, GAAP
-88.03%
-72.47%
-696%
Sales/Revenue/Turnover
8.52%
10.19%
-18.75%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
85
115
117
115
428
2026
77
83
89
107
348
2027
72
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.01
0.02
0.02
-0.01
0.04
2026
-0.02
-0.17
- -
-0.02
-0.22
2027
0.06
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Hiralal Mahidas Tilva
Full Time Employees
55
Sector
Producer manufacturing
Industry
Metal fabrication
Address
Survey No. 55/1 P6/P1/P1 Rajkot GU India 360311
IPO Date
Jul 11, 2018
Website
gangaforging.com
Similar Companies
USA Rare Earth, Inc. (NASDAQ:USAR)
Azad Engineering Limited (NSE:AZAD)
Bharat Forge Ltd (NSE:BHARATFORG)
Jyoti Cnc Automation Limited (NSE:JYOTICNC)
Rolex Rings Limited (NSE:ROLEXRINGS)
Shyam Metalics & Energy Ltd. (NSE:SHYAMMETL)
Business
Ganga Forging Limited Ganga Forging Limited manufactures closed die forged steel components and machined parts for automotive and non-automotive applications. The company produces forged products including crankshafts, connecting rods, flanges, trunnion shafts, seamless forged discs, and blind flanges; it supplies these in raw, semi-finished, or finished stages to original equipment manufacturers, part manufacturing units, and export markets. Ganga Forging Limited serves industries such as automotive segments encompassing commercial vehicles, passenger cars, and tractors; non-automotive sectors including railways, construction equipment, earth moving machinery, electric power transmission, heavy engineering, oil refineries, and mining; operations focus on domestic Indian markets with exports of forged components. Established in 1988 as a private limited company in Ahmedabad, India, it converted to a public limited entity in October 2017 and listed on the National Stock Exchange in July 2018 through a public issue raising Rs 5.0022 crore via 2,382,000 equity shares. Headquartered at Plot No. 1, Survey No. 298 & 30, Gondal National Highway, Shapar (Veraval), Rajkot, Gujarat, the company adheres to ISO 9001:2008 quality standards with an in-house testing laboratory. Recent developments include approval of unaudited Q1 FY2026 financial results in August 2025 reporting revenue of Rs 7.7455 crore; an annual general meeting held on September 27, 2025, with e-voting from September 24-26; resignation of non-executive independent director Nishith Trivedi effective April 26, 2025; and amendments to insider trading and disclosure policies during board meetings in 2025.