Ganga Forging Ltd
₹ 5.90
-1.67%
27 Sep
- close price
About
Incorporated in 1988, Ganga Forging Ltd is in the business of production and job work of forging items
Key Points
- Market Cap ₹ 62.5 Cr.
- Current Price ₹ 5.90
- High / Low ₹ 8.00 / 3.00
- Stock P/E 48.1
- Book Value ₹ 1.26
- Dividend Yield 0.00 %
- ROCE 4.67 %
- ROE 9.28 %
- Face Value ₹ 1.00
Pros
- Debtor days have improved from 79.4 to 62.4 days.
Cons
- Stock is trading at 4.69 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 6.08% over past five years.
- Company has a low return on equity of 5.96% over last 3 years.
- Company might be capitalizing the interest cost
- Promoter holding has decreased over last 3 years: -8.10%
* 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
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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 | TTM | |
---|---|---|---|---|---|---|---|---|---|
8.98 | 17.36 | 24.87 | 27.88 | 23.64 | 22.98 | 28.83 | 33.41 | 35.64 | |
8.15 | 16.22 | 22.90 | 25.53 | 24.39 | 21.28 | 26.28 | 31.41 | 33.47 | |
Operating Profit | 0.83 | 1.14 | 1.97 | 2.35 | -0.75 | 1.70 | 2.55 | 2.00 | 2.17 |
OPM % | 9.24% | 6.57% | 7.92% | 8.43% | -3.17% | 7.40% | 8.84% | 5.99% | 6.09% |
0.01 | 0.02 | 0.03 | 0.17 | 0.10 | 0.10 | 1.26 | 0.57 | 0.44 | |
Interest | 0.33 | 0.46 | 0.79 | 1.12 | 1.27 | 0.79 | 0.95 | 0.81 | 0.87 |
Depreciation | 0.30 | 0.41 | 0.50 | 0.74 | 0.88 | 0.87 | 0.88 | 0.88 | 0.87 |
Profit before tax | 0.21 | 0.29 | 0.71 | 0.66 | -2.80 | 0.14 | 1.98 | 0.88 | 0.87 |
Tax % | 42.86% | 72.41% | 35.21% | 21.21% | 24.64% | -85.71% | 47.47% | -88.64% | |
0.11 | 0.09 | 0.46 | 0.52 | -2.12 | 0.25 | 1.03 | 1.66 | 1.65 | |
EPS in Rs | 2.20 | 1.80 | 0.06 | 0.05 | -0.20 | 0.02 | 0.10 | 0.16 | 0.16 |
Dividend Payout % | 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: | 12% |
TTM: | 15% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 20% |
3 Years: | 37% |
TTM: | 97% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 33% |
3 Years: | 60% |
1 Year: | 3% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 1% |
3 Years: | 6% |
Last Year: | 9% |
Balance Sheet
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|
0.35 | 0.35 | 5.57 | 7.95 | 7.95 | 10.60 | 10.60 | 10.60 | |
Reserves | 0.87 | 0.96 | 3.02 | 6.17 | 4.05 | 0.12 | 1.05 | 2.74 |
4.37 | 2.84 | 7.83 | 12.67 | 11.57 | 10.54 | 11.67 | 14.30 | |
2.70 | 5.42 | 8.75 | 8.47 | 9.48 | 9.69 | 7.73 | 7.08 | |
Total Liabilities | 8.29 | 9.57 | 25.17 | 35.26 | 33.05 | 30.95 | 31.05 | 34.72 |
1.95 | 1.89 | 9.34 | 15.68 | 15.05 | 14.55 | 13.90 | 15.55 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.36 | 0.00 | 2.21 | 0.75 |
Investments | 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 | |
Total Assets | 8.29 | 9.57 | 25.17 | 35.26 | 33.05 | 30.95 | 31.05 | 34.72 |
Cash Flows
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00 | -1.83 | 2.35 | 1.98 | 1.33 | -1.09 | ||
0.00 | 0.00 | -6.91 | -0.60 | -0.03 | -1.69 | -0.56 | ||
0.00 | 0.00 | 8.81 | -1.76 | -1.83 | 0.19 | 1.81 | ||
Net Cash Flow | 0.00 | 0.00 | 0.07 | -0.02 | 0.12 | -0.17 | 0.17 |
Ratios
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|
Debtor Days | 144.29 | 97.14 | 119.32 | 119.79 | 135.56 | 114.84 | 61.02 | 62.38 |
Inventory Days | 155.46 | 87.56 | 132.52 | 204.65 | 181.30 | 182.42 | ||
Days Payable | 151.16 | 159.41 | 162.53 | 183.92 | 82.43 | 75.71 | ||
Cash Conversion Cycle | 148.59 | 25.29 | 89.31 | 119.79 | 135.56 | 135.56 | 159.89 | 169.09 |
Working Capital Days | 125.60 | 39.53 | 73.38 | 127.51 | 103.45 | 113.88 | 116.10 | 134.92 |
ROCE % | 15.40% | 7.50% | -6.08% | 4.33% | 9.78% | 4.67% |
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