Ganga Forging Ltd.
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7.20 0.00

20 May 2022, 03:50:47 PM
Volume: 168,500

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Forgings Compare with Industry peers
Website http://www.gangaforging.com
Market Cap 76.29 Cr.
Enterprise Value(EV) 84.21 Cr. 2021-09
Financial Indicators
Earnings per share (EPS) 0.01 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 711.57 Trailing Twelve Months Ending 2021-03
Industry PE 32.79 Trailing Twelve Months Ending 2021-03
Book Value / Share 1.32 Trailing Twelve Months Ending 2021-03
Price to Book Value 5.47 Calculated using Price: 7.20
Dividend Yield 0.00 Period Ending 2021-03
No. of Shares Subscribed 10.60 Cr. 105,964,410 Shares
FaceValue 1
Company Profile

The company was originally incorporated as ‘Ganga Forgoing Private Limited’ at Ahmedabad, as a private limited company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated December 29, 1988 issued by the Registrar of Companies, Gujarat. Subsequently, the company was converted into a public limited company pursuant to a special resolution passed by their shareholders at the extraordinary general meeting held on October 5, 2017 and the name of the company was changed to ‘Ganga Forging Limited’. A fresh certificate of incorporation consequent upon conversion to a public limited company was issued by the Registrar of Companies, Ahmedabad on October 30, 2017.

Business area of the Company:

The company is manufacturer in forging industry and is engaged in manufacturing of closed die forged products catering to both automotive and non-automotive segment. Automotive segment include manufacturing of products catering to commercial vehicle, passenger car, three wheeler, two wheeler and tractor. Non-automotive segment include electric power transmission, dairy equipment manufacturing, agricultural, gear and gear box, crank shafts, connecting road, heavy engineering industrial, hubs and flanges.

Major events and milestones:

  • 1988: Incorporation of the company.
  • 1989: Commencement of Manufacturing facility at factory of the company.
  • 2014: Certified as an ISO 9001:2008 company.
  • 2017: Obtaining of SMERA- D & B NSIC Certificate (Grade: SMERA MSE 3).
  • 2017: Conversion from a private limited to a public limited and change of name consequent to the same (i.e Ganga Forging Private Limited to Ganga Forging Limited).

Awards and Certifications:

  • 2016: Russian Federation Certificate from Solis Group stating that the Company is the manufacturer of goods of Solis Group.
  • 2018: ISO 9001: 2008 for ‘Manufacture And Supply of Hot Forgings like Connecting Rod, Transmission & Insulation Parts for Automotive, Electrical, Defense, Agriculture And Engineering Applications’ granted by the Certification Body of TUV SUD South Asia Private Limited.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
1 Week
+18.03%
1 Month
-6.49%
3 Month
-58.26%
6 Month
-58.26%
1 Year
+7.14%
2 Year
+572.90%
5 Year
10 Year

Ratios View Details

9 years 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 15.16 25.07 15.74 7.61 13.15 7.48 4.66 -16.40 0.90
Return on Capital Employed (%) 19.10 21.90 15.85 11.33 12.01 11.07 8.30 -6.13 4.20
Return on Assets (%) 3.74 6.27 4.08 1.98 3.40 2.30 1.73 -6.22 0.34

Balance Sheet View Details

Particulars 10 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2021-09* Rs. Cr.
Shh. Funds 2 3 3 3 4 9 14 12 12 13
Non Curr. Liab. 2 4 1 1 3 2 5 4 4 3
Curr. Liab. 4 4 8 9 8 15 16 17 15 13
Minority Int.
Equity & Liab. 9 11 12 13 15 25 35 33 31 30
Non Curr. Assets 2 3 4 5 6 10 16 16 15 15
Curr. Assets 6 7 8 8 9 15 19 17 16 15
Misc. Exp. not W/O 0 0 0 0
Total Assets 9 11 12 13 15 25 35 33 31 30

Profit Loss View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Net Sales 17 18 16 18 19 25 28 24 23
Other Income 0 0 0 0 0 0 0 0 0
Total Income 17 18 16 19 19 25 28 24 23
Total Expenditure -16 -17 -15 -17 -17 -23 -25 -24 -21
PBIDT 1 1 1 1 2 2 3 -1 2
Interest 0 0 -1 -1 -1 -1 -1 -1 -1
Depreciation 0 0 0 0 -1 -1 -1 -1 -1
Taxation 0 0 0 0 0 0 0 1 0
Exceptional Items
PAT 0 1 0 0 0 0 1 -2 0
Adjusted EPS 7 13 10 5 10 0 0 0 0

Cash Flow View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. -1 -1 3 2 1 -2 2 3
Cash Fr. Inv. 0 -1 -1 -1 -2 -7 -1 0
Cash Fr. Finan. 1 2 -2 0 1 9 -2 -3
Net Change 0 0 0 0 0 0 0 0
Cash & Cash Eqvt 0 0 0 0 0 0 0 0

Shareholding Pattern View Details

9 Qtrs 2019-03 (%) 2019-09 (%) 2020-03 (%) 2020-09 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 67.63 67.63 67.63 67.63 67.63 67.63 67.63 67.63 67.63
Public 32.37 32.37 32.37 32.37 32.38 32.37 32.37 32.37 32.37
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Fri, 06 May 2022
Newspaper Advertisements
Ganga Forging Limited has informed the Exchange about Newspaper Advertisements
Fri, 06 May 2022
Postal Ballot
Ganga Forging Limited has informed the Exchange about Notice of Postal Ballot
Thu, 05 May 2022
Postal Ballot
Ganga Forging Limited has informed the Exchange about Notice of Postal Ballot

Technical Scans View Details

Fri, 20 May 2022
Opening at High Opening at High
Making Higher Highs for 3 days Making Higher Highs for 3 days
High Decrease 1 Month High Decrease 1 Month
High Decrease 3 Months High Decrease 3 Months
High Decrease 6 Months High Decrease 6 Months

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