Ganga Forging Ltd Stock Price Today (NSE: GANGAFORGE)
Fundamental Score
Ganga Forging Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis
Ganga Forging Ltd share price today is ₹2.38, down 2.99% on NSE/BSE as of 30 March 2026. Ganga Forging Ltd (GANGAFORGE) is a Small-cap company in the Castings & Forgings sector with a market capitalisation of ₹44.22 (Cr). The 52-week high for GANGAFORGE share price is ₹5.55 and the 52-week low is ₹2.60. The company has a Return on Equity (ROE) of 1.01% and a debt-to-equity ratio of 0.58.
Ganga Forging Ltd Share Price Chart — NSE/BSE Historical Performance
Returns & Performance
ROE
ROCE
OPM (5Y)
Div Yield
Ganga Forging Ltd Valuation Check
P/E Ratio
Industry P/E
Market Cap
Growth Engine
Profit Growth (Q)
Sales Growth (Q)
Sales Growth (5Y)
EPS Growth (5Y)
Profit Growth (5Y)
Balance Sheet Health
Debt to Equity
Int. Coverage
Free Cash Flow (5Y)
Shareholding
Promoter
FII
DII
Pledged
Institutional Deep-Dive
Bull Run Research Hub
Ganga Forging Share Price Analysis: A ROCE Efficiency Perspective
The castings and forgings industry, often considered a bellwether for broader economic activity, relies heavily on efficient capital allocation to navigate cyclical demand. This analysis examines the financial health of Ganga Forging Ltd, focusing primarily on Return on Capital Employed (ROCE). Currently, the Ganga Forging share price stands at ₹3.37. A deeper dive, part of an 80-parameter fundamental audit verified by Sweta Mishra, is crucial considering the company's lack of a Price-to-Earnings (PE) ratio and a ROCE of 3.13%.
ROCE measures how effectively a company generates profits from its capital employed. Ganga Forging Ltd’s 3.13% ROCE suggests a relatively modest return on investment. This figure should be benchmarked against its peers, such as Steelcast Ltd, Nitin Castings Ltd, and Tirupati Forge Ltd, to ascertain relative performance. Management quality plays a significant role in capital allocation. While a direct comparison of management quality is inherently subjective, evaluating how companies like
Steelcast Ltd have historically allocated capital and navigated market cycles can offer valuable context for assessing Ganga Forging's strategic decisions.A low ROCE can significantly impact a company's economic moat, or competitive advantage. A company with a strong moat typically possesses higher profitability and better ROCE. A 3.13% ROCE may indicate that Ganga Forging Ltd faces challenges in generating superior returns compared to its cost of capital. This could stem from factors such as pricing pressure, operational inefficiencies, or insufficient investment in higher-margin products or services. Further investigation into the company's cost structure, production processes, and market positioning is needed to identify areas for improvement.
The absence of a PE ratio alongside a relatively low ROCE necessitates careful evaluation of Ganga Forging Ltd's financial performance. Further examination of its debt levels, cash flow generation, and future growth prospects is recommended. This analysis is purely observational and based on the available data as of today and does not constitute investment advice. Further investigation into the broader industry dynamics and company-specific factors will provide a more comprehensive understanding of the Ganga Forging share price and its potential future trajectory.
Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice
Ganga Forging Ltd Fundamental Analysis & Valuation Benchmarking
Educational evaluation of GANGAFORGE across key market metrics for learning purposes.
Positive Indicators
4 factors identified
Consistent Growth Track Record (12.83% CAGR)
Observation: Strong 5-year sales compound annual growth rate.
Analysis: Consistent sales CAGR >12% demonstrates sustainable growth model.
Excellent EPS Growth (16.20% CAGR)
Observation: Outstanding 5-year earnings per share compound growth.
Analysis: EPS CAGR >15% indicates strong wealth creation potential.
Strong Profit Growth Track Record (16.55% CAGR)
Observation: Consistent 5-year profit compound annual growth rate.
Analysis: Profit CAGR >15% demonstrates scalable business model.
Zero Share Pledging Risk
Observation: No promoter shares pledged as collateral.
Analysis: Absence of share pledging eliminates potential forced-selling pressure.
Risk Factors
8 factors identified
Below-Average Return on Equity (1.01%)
Observation: Returns on equity are below industry benchmarks.
Analysis: ROE <10% may indicate inefficient capital utilization. Consider monitoring for operational improvements and management effectiveness.
Suboptimal ROCE (3.13%)
Observation: Returns on capital employed are below expectations.
Analysis: ROCE <10% suggests potential inefficiencies in capital allocation.
Profit Decline Concern (-1150.00%)
Observation: Significant year-over-year profit contraction observed.
Analysis: Declining profitability requires investigation into underlying causes.
Revenue Contraction (-28.15%)
Observation: Sales decline may indicate market challenges or competitive pressures.
Analysis: Negative revenue growth requires analysis of market conditions.
Weak Interest Coverage (-2.82x)
Observation: Limited ability to service debt obligations from earnings.
Analysis: Low interest coverage raises concerns about financial stability.
Negative Free Cash Flow (₹-18.50 Cr over 5Y)
Observation: Cash outflows exceed inflows.
Analysis: Negative FCF requires analysis of capital expenditure cycle.
Limited Institutional Interest (FII+DII: 2.00%)
Observation: Low institutional participation may affect liquidity.
Analysis: Limited institutional interest may indicate size constraints or visibility issues.
No Dividend Distribution
Observation: Company does not currently pay dividends to shareholders.
Analysis: Zero dividend yield may indicate growth reinvestment focus or cash flow constraints.
Ganga Forging Ltd Financial Statements
Comprehensive financial data for Ganga Forging Ltd including income statement, balance sheet and cash flow
About GANGAFORGE (Ganga Forging Ltd)
Ganga Forging Ltd is a leading Indian manufacturer specializing in high-precision steel forgings for a diverse range of industrial applications. They are deeply rooted in the autom...otive and non-automotive sectors, offering custom-engineered solutions built to withstand demanding operating conditions. Through rigorous quality control and advanced metallurgical expertise, Ganga Forging creates robust and reliable components tailored to meet the specific needs of their clients. With a commitment to innovation and technological advancement, the company consistently strives to optimize its manufacturing processes and enhance product performance, solidifying its position as a trusted partner for forging solutions across various industries. Their dedication to customer satisfaction and unwavering focus on quality drive their continued success in the competitive forging market. The company's comprehensive product portfolio showcases its versatility and technical prowess. Ganga Forging excels in producing complex forged parts, including crankshafts designed for both single and multi-cylinder engines, connecting rods in various configurations, and robust yokes for heavy-duty machinery. Their capabilities extend to manufacturing precision-engineered components like trunnion pins and shafts, spiders/crosses, and a wide array of forged flanges, including blind flanges and clamps. These components find applications in diverse industries, demonstrating Ganga Forging's ability to adapt to evolving market demands. Their commitment to precision and durability ensures that their forged parts deliver optimal performance and longevity in critical applications. Beyond automotive components, Ganga Forging also provides specialized forgings for the electrical power transmission sector. This includes the production of socket clevises, anchor shackles, and dead-end pin parts, crucial components for ensuring the safe and reliable distribution of electrical power. By catering to this essential infrastructure sector, Ganga Forging demonstrates its commitment to supporting critical industries beyond automotive. Their dedication to quality and adherence to stringent industry standards ensures that these components meet the demanding requirements of power transmission applications. Ganga Forging's diverse product offerings and unwavering focus on quality position them as a reliable and valuable partner for industries requiring high-performance forged solutions.
Company Details
Key Leadership
GANGAFORGE Share Price: Frequently Asked Questions
What is the current share price of Ganga Forging Ltd (GANGAFORGE)?
As of 30 Mar 2026, 12:03 pm IST, Ganga Forging Ltd share price is ₹2.38. The GANGAFORGE stock has a market capitalisation of ₹44.22 (Cr) on NSE/BSE.
Is GANGAFORGE share price Overvalued or Undervalued?
GANGAFORGE share price is currently trading at a P/E ratio of 0.00x, compared to the industry average of 28.08x. Based on this relative valuation, the Ganga Forging Ltd stock appears to be Fairly Valued against its sector peers.
What is the 52-week high and low of GANGAFORGE share price?
The 52-week high of GANGAFORGE share price is ₹5.55 and the 52-week low is ₹2.60. These values are updated daily from NSE/BSE price data.
What factors affect the Ganga Forging Ltd share price?
Key factors influencing GANGAFORGE share price include quarterly earnings growth (Sales Growth: -28.15%), raw material costs, government infrastructure spending, and institutional flows (FII/DII holding).
Is Ganga Forging Ltd a good stock for long-term investment?
Ganga Forging Ltd shows a 5-year Profit Growth of 16.55% and an ROE of 1.01%. Long-term investors should consider these fundamentals alongside the debt-to-equity ratio of 0.58 before investing in GANGAFORGE shares.
How does Ganga Forging Ltd compare with its industry peers?
Ganga Forging Ltd competes with major peers in the Castings & Forgings. Investors should compare GANGAFORGE share price P/E of 0.00x and ROE of 1.01% against the industry averages to determine competitive standing.
What is the P/E ratio of GANGAFORGE and what does it mean?
GANGAFORGE share price has a P/E ratio of N/Ax compared to the industry average of 28.08x. Investors pay ₹N/A for every ₹1 of annual earnings.
How is GANGAFORGE performing according to Bull Run's analysis?
GANGAFORGE has a Bull Run fundamental score of 12.5/100, indicating concerns requiring careful analysis. This comprehensive rating is based on 15+ financial parameters.
What sector and industry does GANGAFORGE belong to?
GANGAFORGE operates in the Castings & Forgings industry. This classification helps understand the competitive landscape and sector-specific trends affecting Ganga Forging Ltd share price.
What is Return on Equity (ROE) and why is it important for GANGAFORGE?
GANGAFORGE has an ROE of 1.01%, which suggests challenges in generating returns from shareholders equity. ROE measures how efficiently Ganga Forging Ltd generates profits from shareholders capital.
How is GANGAFORGE debt-to-equity ratio and what does it indicate?
GANGAFORGE has a debt-to-equity ratio of 0.58, which indicates moderate leverage that should be monitored.
What is GANGAFORGE dividend yield and is it a good dividend stock?
GANGAFORGE offers a dividend yield of 0.00%, meaning you receive ₹0.00 annual dividend for every ₹100 invested in Ganga Forging Ltd shares.
How has GANGAFORGE share price grown over the past 5 years?
GANGAFORGE has achieved 5-year growth rates of: Sales Growth 12.83%, Profit Growth 16.55%, and EPS Growth 16.20%.
What is the promoter holding in GANGAFORGE and why does it matter?
Promoters hold 39.21% of GANGAFORGE shares, with 0.00% pledged. High promoter holding often indicates strong management confidence in Ganga Forging Ltd.
What is GANGAFORGE market capitalisation category?
GANGAFORGE has a market capitalisation of ₹44 crores, placing it in the Small-cap category.
How volatile is GANGAFORGE stock?
GANGAFORGE has a beta of N/A. A beta > 1 suggests the Ganga Forging Ltd stock is more volatile than the market, while a beta < 1 suggests it is less volatile.
What is GANGAFORGE operating profit margin trend?
GANGAFORGE has a 5-year average Operating Profit Margin (OPM) of 6.65%, indicating the company's operational efficiency.
How is GANGAFORGE quarterly performance?
Recent quarterly performance shows Ganga Forging Ltd YoY Sales Growth of -28.15% and YoY Profit Growth of -1150.00%.
What is the institutional holding pattern in GANGAFORGE?
GANGAFORGE has FII holding of 2.00% and DII holding of 0.00%. Significant institutional holding often suggests professional confidence in the Ganga Forging Ltd stock.