| Sector |
Iron & Steel
|
Compare with Sector peers |
| Industry |
Steel & Iron Products
|
Compare with Industry peers |
| Website | http://www.gargfurnace.com | |
| Market Cap | 12.63 Cr. | |
| Enterprise Value(EV) | 21.05 Cr. | 2021-09 |
| Financial Indicators | ||
|---|---|---|
| Earnings per share (EPS) | -3.82 | Trailing Twelve Months Ending 2021-12 |
| Price-Earning Ratio (PE) | - | Trailing Twelve Months Ending 2021-12 |
| Industry PE | 4.70 | Trailing Twelve Months Ending 2021-12 |
| Book Value / Share | 30.73 | Trailing Twelve Months Ending 2021-12 |
| Price to Book Value | 1.03 | Calculated using Price: 31.50 |
| Dividend Yield | 0.00 | Period Ending 2021-03 |
| No. of Shares Subscribed | 0.40 Cr. | 4,008,700 Shares |
| FaceValue | 10 | |
| Company Profile | ||
|
Garg Furnace (GFL) was set up in 1973 by Dharam Pal Garg and Jagdish Chand Garg. The company has emerged as one of northern India's leading alloy and non alloy steel manufacturer. The company is the part of Garg Group of companies. Its other group companies are Garg Acrylic Limited and Sudhir Forgings Limited. The GFL Induction Melting Furnaces are a class apart. For power-efficiency, product quality and yield GFL has different capacity of induction furnaces -each embodying the latest in design and technology. At present the company is manufacturing Alloy and non Alloy steel ingots. Garg Furnace's has 50,000 sq. yards manufacturing plant with power-efficient induction furnaces, the GFL Induction Melting Furnaces are a class apart. For power-efficiency, product quality and yield GFL has different capacity of induction furnaces -each embodying the latest in design and technology. The company has fully automatic wire rod mill and rolling mill manufacturing; TMT bars for the construction industry as well as wire rods, ms rounds and ms square. The company follows modern production processes and superior on-line quality control measures. The company has its own casting facilities which represents a cross-section of industry - Railways, Defense, Thermal and Hydel Power Plants, Sugar Mills, Cement and Fertilizer Plants, Mines, Light Engineering Industry, etc. The company has its own forging facilities having drop hammers, presses and machining facilities supplying forgings of different components viz. Auto components like all types of Bevel gears-Pinions, Levers. Crank- Cam Shafts, Crosses, Crown wheels etc. and forgings used in construction like Scaffoldings, Thread bars (Dywidag thread) and Fitments like Wing nuts of similar type. In Addition to that we manufacture Nuts, Bolts, Stouts, Long thread bars upto 20ft length and different types of washers. At Garg Furnace Limited quality control is a credo. This commitment starts with the raw material input. For instance, imported steel scrap is preferred as raw material. Then, there's a special quality control lab, which constantly monitors quality at each and every stage of manufacture. All the critical manufacturing processes occur In-house, all under one roof, quality products are manufactured. A testimony Garg Furnace Limited's success is its impressive list of clients- representing a cross-section of industry - Railways, Defense, Thermal and Hydel Power Plants, Sugar Mills, Cement and Fertilizer Plants, Mines, Light Engineering Industry etc. etc. - most of whom have been steadfastly loyal to GFL products for over twenty years. GFL has now stepped into the export market, exporting steel casting to the Middle East Countries. In the future, exports will be a major thrust area for GFL. At present the Company is manufacturing Alloy and non Alloy steel ingots that includes:
Different divisions of the company include:
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Company Profile
Garg Furnace (GFL) was set up in 1973 by Dharam Pal Garg and Jagdish Chand Garg. The company has emerged as one of northern India's leading alloy and non alloy steel manufacturer.
The company is the part of Garg Group of companies. Its other group companies are Garg Acrylic Limited and Sudhir Forgings Limited.
The GFL Induction Melting Furnaces are a class apart. For power-efficiency, product quality and yield GFL has different capacity of induction furnaces -each embodying the latest in design and technology. At present the company is manufacturing Alloy and non Alloy steel ingots.
Garg Furnace's has 50,000 sq. yards manufacturing plant with power-efficient induction furnaces, the GFL Induction Melting Furnaces are a class apart. For power-efficiency, product quality and yield GFL has different capacity of induction furnaces -each embodying the latest in design and technology.
The company has fully automatic wire rod mill and rolling mill manufacturing; TMT bars for the construction industry as well as wire rods, ms rounds and ms square. The company follows modern production processes and superior on-line quality control measures.
The company has its own casting facilities which represents a cross-section of industry - Railways, Defense, Thermal and Hydel Power Plants, Sugar Mills, Cement and Fertilizer Plants, Mines, Light Engineering Industry, etc.
The company has its own forging facilities having drop hammers, presses and machining facilities supplying forgings of different components viz. Auto components like all types of Bevel gears-Pinions, Levers. Crank- Cam Shafts, Crosses, Crown wheels etc. and forgings used in construction like Scaffoldings, Thread bars (Dywidag thread) and Fitments like Wing nuts of similar type. In Addition to that we manufacture Nuts, Bolts, Stouts, Long thread bars upto 20ft length and different types of washers.
At Garg Furnace Limited quality control is a credo. This commitment starts with the raw material input. For instance, imported steel scrap is preferred as raw material. Then, there's a special quality control lab, which constantly monitors quality at each and every stage of manufacture. All the critical manufacturing processes occur In-house, all under one roof, quality products are manufactured.
A testimony Garg Furnace Limited's success is its impressive list of clients- representing a cross-section of industry - Railways, Defense, Thermal and Hydel Power Plants, Sugar Mills, Cement and Fertilizer Plants, Mines, Light Engineering Industry etc. etc. - most of whom have been steadfastly loyal to GFL products for over twenty years.
GFL has now stepped into the export market, exporting steel casting to the Middle East Countries. In the future, exports will be a major thrust area for GFL.
At present the Company is manufacturing Alloy and non Alloy steel ingots that includes:
Different divisions of the company include:
| 1 Day |
|
-0.94% |
| 1 Week |
|
-6.11% |
| 1 Month |
|
-40.73% |
| 3 Month |
|
+0.32% |
| 6 Month |
|
+69.81% |
| 1 Year |
|
-11.52% |
| 2 Year |
|
+129.93% |
| 5 Year |
|
+176.32% |
| 10 Year |
|
+82.61% |
| 9 years | 2013-03 | 2014-03 | 2015-03 | 2016-03 | 2017-03 | 2018-03 | 2019-03 | 2020-03 | 2021-03 | |
| Return on Equity (%) | 3.12 | 3.05 | 1.72 | -53.89 | -121.48 | -3.01 | 74.95 | 31.74 | -43.37 | |
| Return on Capital Employed (%) | 11.53 | 12.10 | 10.05 | -6.49 | -14.64 | -0.92 | 9.24 | 13.33 | -21.98 | |
| Return on Assets (%) | 0.91 | 0.85 | 0.41 | -10.15 | -13.31 | -0.15 | 7.28 | 6.76 | -10.25 |
| 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 | 30 | 31 | 31 | 18 | 4 | 4 | 9 | 13 | 8 | 10 | |
| Non Curr. Liab. | 8 | 6 | 19 | 12 | 7 | 5 | 5 | 8 | 7 | 8 | |
| Curr. Liab. | 70 | 74 | 99 | 82 | 81 | 73 | 44 | 27 | 29 | 21 | |
| Minority Int. | |||||||||||
| Equity & Liab. | 109 | 111 | 148 | 112 | 92 | 82 | 58 | 48 | 44 | 39 | |
| Non Curr. Assets | 26 | 31 | 36 | 46 | 48 | 42 | 24 | 26 | 20 | 19 | |
| Curr. Assets | 83 | 81 | 112 | 66 | 43 | 40 | 34 | 22 | 24 | 21 | |
| Misc. Exp. not W/O | |||||||||||
| Total Assets | 109 | 111 | 148 | 112 | 92 | 82 | 58 | 48 | 44 | 39 |
| 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. | 2021-12 Rs. Cr. TTM |
| Net Sales | 194 | 148 | 146 | 90 | 54 | 66 | 112 | 99 | 119 | 176 | |
| Other Income | 1 | 1 | 1 | 1 | 0 | 5 | 2 | 2 | 0 | 0 | |
| Total Income | 195 | 149 | 148 | 91 | 54 | 71 | 114 | 100 | 120 | 176 | |
| Total Expenditure | -185 | -139 | -139 | -95 | -65 | -70 | -118 | -105 | -119 | -173 | |
| PBIDT | 9 | 10 | 9 | -5 | -11 | 1 | -4 | -5 | 0 | 3 | |
| Interest | -6 | -8 | -8 | -7 | -1 | -1 | -1 | -1 | 0 | 0 | |
| Depreciation | -1 | -1 | -1 | -1 | -1 | -1 | -1 | -1 | -1 | -1 | |
| Taxation | -1 | 0 | 0 | 1 | 0 | 0 | 0 | ||||
| Exceptional Items | 0 | 0 | 11 | 11 | -3 | -3 | |||||
| PAT | 1 | 1 | 1 | -13 | -14 | 0 | 5 | 4 | -5 | -2 | |
| Adjusted EPS | 2 | 2 | 1 | -33 | -34 | 0 | 13 | 9 | -12 | -4 |
| Particulars | 10 years | 2012-03 Rs. Cr. | 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. | -4 | 2 | 11 | 6 | -19 | -1 | 3 | 31 | 23 | 3 | |
| Cash Fr. Inv. | -6 | -2 | -5 | -7 | 2 | 0 | 0 | 3 | 0 | 0 | |
| Cash Fr. Finan. | 10 | 2 | -6 | 3 | 15 | -1 | -1 | -35 | -23 | -2 | |
| Net Change | 0 | 2 | -1 | 2 | -2 | -2 | 2 | -2 | 0 | 1 | |
| Cash & Cash Eqvt | 0 | 2 | 2 | 4 | 2 | 0 | 2 | 0 | 0 | 1 |
|
Fri, 20 May 2022
Board Meeting Intimation for Intimation Of Board Meeting GARG FURNACE LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/05/2022 inter alia to consider and approve This is to inform you that pursuant to regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 a meeting of the Board of Directors of the company is scheduled to be held on Monday May 30 2022 at 11:00 A.M. at the Registered office of the company situated at Kanganwal Road V.P.O Jugiana G.T. Road Ludhiana inter-alia to Consider and approve the Audited Financial Results of the company for the Quarter ended March 31 2022. |
|
Fri, 29 Apr 2022
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018 Pursuant to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations 2018 please find enclosed herewith the certificate received from M/s Skyline Financial ServicesPrivate Limited the Registrar and Share Transfer Agent of the company for the quarter ended31st March 2022. |
|
Fri, 29 Apr 2022
Pursuant To Regulation 7(3) Of The SEBI (Listing Obligations And Disclosure Requirements)Regulations 2015 Please Find Enclosed Herewith Compliance Certificate For The Half Year Ended31St March 2022 Duly Signed By The Authorized Representative Of The Share Transfer Agent AndOf The Company. Subject: Compliance Certificate under Regulation 7(3) of SEBI (Listing Obligations andDisclosure Requirements) Regulations 2015Dear Sir/Madam Pursuant to Regulation 7(3) of the SEBI (Listing Obligations and Disclosure Requirements)Regulations 2015 please find enclosed herewith compliance certificate for the half year ended31st March 2022 duly signed by the Authorized representative of the Share Transfer Agent andof the Company.Kindly take the same on your record. |
| Fri, 27 May 2022 |
Opening at High
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High Decrease 1 Month
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High Increase 6 Months
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