1. India Stocks

  2. •

    Producer manufacturing

  3. •

    Metal fabrication
Ganga Forging Limited

Ganga Forging Limited

NNSE:GANGAFORGE
1.40
INR
+0.02
(+1.45%)
-0.13EPS
330.27MMarket Cap
Ganga Forging Limited
NSE:GANGAFORGE
(National Stock Exchange of India)

Recent

price

1.40

P/E

ratio

- -

div

yld

- -

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
1.11
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
Revenue per Share
0.02
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
Basic EPS, GAAP
-0.05
-0.16
0.17
0.01
-0.08
- -
-0.76
0.13
0.08
-0.09
-0.18
-0.83
-0.4
-0.19
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.16
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
- -
Book Value per Share
0.16
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
- -
Tangible Book Value per Share
133
133
133
133
133
68
123
133
133
133
133
142
170
170
175
Basic Weighted Avg Shares
148
158
146
175
176
247
275
230
226
282
330
367
428
348
351
Sales/Revenue/Turnover
5.99
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
Operating Margin (%)
2
5
3
4
5
5
7
9
9
9
9
10
11
12
12
Depreciation Expense
3
6
5
3
5
5
5
-21
3
10
17
4
6
-37
-23
Net Income, GAAP
34.18
22.16
13.52
22.75
14.29
35.31
21.14
- -
- -
47.58
- -
41.2
29.16
- -
- -
Effective Tax Rate (%)
2.17
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
Profit Margin (%)
18
33
-1
-5
7
- -
30
-1
10
24
25
174
117
81
- -
Working Capital
5
9
8
11
29
17
49
42
41
49
43
8
49
84
- -
LT Debt
21
27
32
34
39
86
141
104
107
116
133
314
322
285
- -
Total Equity
- -
16.96
13.7
8.74
10.58
7.03
6.29
- -
- -
5.6
- -
2.64
2.54
- -
- -
Return on Invested Capital (%)
- -
16.03
13.4
8.46
10.01
6.42
6.32
- -
- -
6.74
- -
2.57
2.68
- -
- -
Return on Capital (%)
- -
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
- -
Return on Common Equity (%)

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
- -
- -
- -
- -
- -
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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.