Garg Furnace Ltd

Garg Furnace Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Garg Furnace Ltd

₹ 330 -0.24%
26 Apr - close price
gargfurnace.com BSE: 530615
About

Incorporated in 1973, Garg Furnace Ltd does manufacturing and trading of Iron and Steel products[1]

Key Points

Product Profile:[1][2]
Non-Alloy Steel round, Scrap/End Cutting, Unmatched Casting, Billets, M.S. Round,
Ingot, Wire Rod, etc.

Website BSE
  • Market Cap ₹ 132 Cr.
  • Current Price ₹ 330
  • High / Low ₹ 393 / 43.3
  • Stock P/E 20.1
  • Book Value ₹ 54.2
  • Dividend Yield 0.00 %
  • ROCE 24.2 %
  • ROE 33.5 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 117% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.5%
  • Promoter holding has increased by 4.63% over last quarter.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low
  • Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
36.67 44.90 35.91 42.68 52.16 47.85 61.78 60.73 53.38 62.35 61.75 59.86 65.40
34.44 46.77 34.68 42.01 49.16 45.29 61.06 59.24 52.51 58.10 60.83 58.95 63.34
Operating Profit 2.23 -1.87 1.23 0.67 3.00 2.56 0.72 1.49 0.87 4.25 0.92 0.91 2.06
OPM % 6.08% -4.16% 3.43% 1.57% 5.75% 5.35% 1.17% 2.45% 1.63% 6.82% 1.49% 1.52% 3.15%
0.01 -2.94 0.02 0.08 0.03 0.29 0.04 0.06 0.06 0.04 0.03 0.04 0.08
Interest 0.08 0.08 0.07 0.06 0.05 0.04 0.04 0.03 0.04 0.06 0.05 0.05 0.04
Depreciation 0.39 0.42 0.33 0.34 0.34 0.33 0.34 0.34 0.36 0.38 0.38 0.39 0.40
Profit before tax 1.77 -5.31 0.85 0.35 2.64 2.48 0.38 1.18 0.53 3.85 0.52 0.51 1.70
Tax % 0.00% -1.13% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
1.77 -5.37 0.85 0.35 2.64 2.48 0.37 1.18 0.53 3.85 0.51 0.51 1.70
EPS in Rs 4.42 -13.40 2.12 0.87 6.59 6.19 0.92 2.94 1.32 9.60 1.27 1.27 4.24
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
194 194 148 146 90 54 66 112 99 119 179 238 249
187 185 139 139 95 65 70 118 105 119 171 231 241
Operating Profit 7 9 9 8 -5 -11 -4 -6 -6 0 7 7 8
OPM % 4% 4% 6% 5% -5% -21% -7% -5% -7% 0% 4% 3% 3%
1 1 1 1 0 0 5 13 12 -3 0 0 0
Interest 5 6 8 8 7 1 1 1 1 0 0 0 0
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 2
Profit before tax 2 2 1 0 -13 -14 -1 5 4 -5 6 6 7
Tax % 27% 54% 29% -80% 0% 0% 91% 0% 0% -1% 0% 0%
2 1 1 1 -13 -14 -0 5 4 -5 6 6 7
EPS in Rs 4.07 2.32 2.34 1.35 -33.00 -33.80 -0.32 12.75 8.93 -11.75 15.77 14.82 16.38
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 2%
5 Years: 29%
3 Years: 34%
TTM: 11%
Compounded Profit Growth
10 Years: 20%
5 Years: 117%
3 Years: 41%
TTM: 44%
Stock Price CAGR
10 Years: 33%
5 Years: 90%
3 Years: 148%
1 Year: 587%
Return on Equity
10 Years: -17%
5 Years: -5%
3 Years: 27%
Last Year: 34%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 4 4 4 4 4 4 4 4 4 4 4 4 4
Reserves 25 26 27 27 14 0 0 5 9 4 11 17 18
35 43 43 54 75 75 73 39 9 8 10 5 5
30 36 37 64 19 12 5 10 25 28 25 33 26
Total Liabilities 95 109 111 148 112 92 82 58 48 44 50 59 52
14 15 15 25 23 22 21 20 19 14 15 15 15
CWIP 1 0 5 0 0 0 0 0 0 0 0 0 0
Investments 3 3 2 2 3 2 2 0 0 0 0 0 0
77 91 89 121 86 67 59 38 29 29 35 43 37
Total Assets 95 109 111 148 112 92 82 58 48 44 50 59 52

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-4 2 11 6 -18 -1 3 31 23 3 0 8
-6 -2 -5 -7 2 0 -0 3 -0 -0 -2 -4
10 2 -6 3 15 -1 -1 -35 -23 -2 2 -6
Net Cash Flow 0 2 -1 2 -2 -2 2 -2 -0 1 1 -1

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 98 114 139 212 171 237 129 35 35 33 21 27
Inventory Days 28 28 39 39 50 23 82 71 44 41 41 28
Days Payable 57 63 91 177 68 72 28 25 28 25 18 16
Cash Conversion Cycle 69 79 87 74 153 188 184 81 51 49 44 39
Working Capital Days 77 82 99 104 166 157 135 49 -18 -14 7 4
ROCE % 12% 12% 12% 10% -6% -15% -1% -9% -17% -6% 32% 24%

Shareholding Pattern

Numbers in percentages

7 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
64.23% 64.23% 64.23% 64.23% 64.23% 64.23% 64.23% 64.23% 64.23% 64.23% 64.23% 68.86%
35.76% 35.76% 35.76% 35.76% 35.76% 35.76% 35.76% 35.75% 35.75% 35.76% 35.76% 31.13%
No. of Shareholders 1,5211,4871,4871,5301,5301,6951,7881,9211,9701,9031,9282,025

Documents

Announcements

Annual reports