Ganga Forging Ltd
Incorporated in 1988, Ganga Forging Ltd is in the business of production and job work of forging items
- Market Cap ₹ 97.6 Cr.
- Current Price ₹ 7.24
- High / Low ₹ 17.5 / 5.80
- Stock P/E 227
- Book Value ₹ 2.34
- Dividend Yield 0.00 %
- ROCE 4.61 %
- ROE 1.92 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
Cons
- Stock is trading at 3.09 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -2.70%
- Company has a low return on equity of 4.84% over last 3 years.
- Company might be capitalizing the interest cost
- Debtor days have increased from 68.8 to 83.1 days.
- Working capital days have increased from 168 days to 252 days
* 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: Castings, Forgings & Fastners Industry: Castings & Forgings
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|
8.98 | 17.36 | 24.87 | 27.88 | 23.64 | 22.98 | 28.83 | 33.41 | 37.21 | |
8.15 | 16.22 | 22.90 | 25.53 | 24.39 | 21.28 | 26.28 | 31.41 | 34.71 | |
Operating Profit | 0.83 | 1.14 | 1.97 | 2.35 | -0.75 | 1.70 | 2.55 | 2.00 | 2.50 |
OPM % | 9.24% | 6.57% | 7.92% | 8.43% | -3.17% | 7.40% | 8.84% | 5.99% | 6.72% |
0.01 | 0.02 | 0.03 | 0.17 | 0.10 | 0.10 | 1.26 | 0.57 | 0.10 | |
Interest | 0.33 | 0.46 | 0.79 | 1.12 | 1.27 | 0.79 | 0.95 | 0.81 | 0.85 |
Depreciation | 0.30 | 0.41 | 0.50 | 0.74 | 0.88 | 0.87 | 0.88 | 0.88 | 1.00 |
Profit before tax | 0.21 | 0.29 | 0.71 | 0.66 | -2.80 | 0.14 | 1.98 | 0.88 | 0.75 |
Tax % | 42.86% | 72.41% | 35.21% | 21.21% | -24.64% | -85.71% | 47.47% | -88.64% | 41.33% |
0.11 | 0.09 | 0.46 | 0.52 | -2.12 | 0.25 | 1.03 | 1.66 | 0.44 | |
EPS in Rs | 2.20 | 1.80 | 0.06 | 0.05 | -0.20 | 0.02 | 0.10 | 0.16 | 0.03 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 6% |
3 Years: | 17% |
TTM: | 11% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 0% |
3 Years: | 14% |
TTM: | -63% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 38% |
3 Years: | -13% |
1 Year: | 10% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 1% |
3 Years: | 5% |
Last Year: | 2% |
Balance Sheet
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.35 | 0.35 | 5.57 | 7.95 | 7.95 | 10.60 | 10.60 | 10.60 | 13.42 |
Reserves | 0.87 | 0.96 | 3.02 | 6.17 | 4.05 | 0.12 | 1.05 | 2.74 | 18.00 |
4.37 | 2.84 | 7.83 | 12.67 | 11.57 | 10.54 | 11.67 | 14.30 | 9.98 | |
2.70 | 5.42 | 8.75 | 8.47 | 9.48 | 9.69 | 7.73 | 7.08 | 4.91 | |
Total Liabilities | 8.29 | 9.57 | 25.17 | 35.26 | 33.05 | 30.95 | 31.05 | 34.72 | 46.31 |
1.95 | 1.89 | 9.34 | 15.68 | 15.05 | 14.55 | 13.90 | 15.55 | 16.48 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.36 | 0.00 | 2.21 | 0.75 | 0.00 |
Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
6.34 | 7.68 | 15.83 | 19.58 | 17.64 | 16.40 | 14.94 | 18.42 | 29.83 | |
Total Assets | 8.29 | 9.57 | 25.17 | 35.26 | 33.05 | 30.95 | 31.05 | 34.72 | 46.31 |
Cash Flows
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00 | -1.83 | 2.35 | 1.98 | 1.33 | -1.09 | -10.64 | ||
0.00 | 0.00 | -6.91 | -0.60 | -0.03 | -1.69 | -0.56 | -1.16 | ||
0.00 | 0.00 | 8.81 | -1.76 | -1.83 | 0.19 | 1.81 | 12.47 | ||
Net Cash Flow | 0.00 | 0.00 | 0.07 | -0.02 | 0.12 | -0.17 | 0.17 | 0.68 |
Ratios
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|
Debtor Days | 144.29 | 97.14 | 119.32 | 119.79 | 135.56 | 114.84 | 61.02 | 62.38 | 83.08 |
Inventory Days | 155.46 | 87.56 | 132.52 | 204.65 | 181.30 | 182.42 | 244.86 | ||
Days Payable | 151.16 | 159.41 | 162.53 | 183.92 | 82.43 | 75.71 | 29.39 | ||
Cash Conversion Cycle | 148.59 | 25.29 | 89.31 | 119.79 | 135.56 | 135.56 | 159.89 | 169.09 | 298.55 |
Working Capital Days | 125.60 | 39.53 | 73.38 | 127.51 | 103.45 | 113.88 | 116.10 | 134.92 | 252.19 |
ROCE % | 15.40% | 7.50% | -6.08% | 4.33% | 9.78% | 4.67% | 4.61% |
Documents
Announcements
-
Trading Window
30 June 2021 - Ganga Forging Limited has informed regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
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Outcome of Board Meeting
28 June 2021 - Ganga Forging Limited has informed regarding Board meeting held on Jun 28, 2021.
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Financial Result Updates
28 June 2021 - Ganga Forging Limited has submitted to the Exchange, the financial results for the period ended March 31, 2021.
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Reply to Clarification Sought
11 June 2021 - GANGAFORGE:The Exchange had sought clarification from Ganga Forging Limited with respect to announcement dated 04-Jun-2021, regardingᅡᅠ Appointment of Mr Sagarkumar Ramniklal Govani as Non- Executive …
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Clarification
9 June 2021 - GANGAFORGE:The Exchange has sought clarification from Ganga Forging Limited with respect to announcement dated 04-Jun-2021, regardingᅡᅠ Appointment of Mr Sagarkumar Ramniklal Govani as Non- Executive …
Business Overview:[1][2]
Company manufactures closed die forged products for both automotive and non automotive segment. Company's forging unit caters to needs of OEM customers and also part manufacturing units by offering them products. Company also exports forged components in raw, semi finished or finished stage depending upon requirements of its buyers