Ganga Forging Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: GANGAFORGE | Forgings | Small Cap

BSE Share Price
Not Listed

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Ganga Forging stock performance -

mw4me loader
P/E Ratio (SA):
144.85
Market Cap:
99.1 Cr.
52-wk low:
0
52-wk high:
0

Is Ganga Forging Ltd an attractive stock to invest in?

1. Is Ganga Forging Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Ganga Forging Ltd is a below average quality company.

2. Is Ganga Forging Ltd undervalued or overvalued?

The key valuation ratios of Ganga Forging Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Ganga Forging Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ganga Forging Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Ganga Forging:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Ganga Forging Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 15.9%11.3%12%11.1%8.3%-6.1%4.2%13.1%6.6%4.7%-
Value Creation
Index
0.1-0.2-0.1-0.2-0.4-1.4-0.7-0.1-0.5-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 16.418.518.724.927.823.62328.833.437.239
Sales YoY Gr.-12.4%1.5%32.8%12%-15.3%-2.5%25.5%15.9%11.4%-
Adj EPS 105.310.40.10-0.200.10.100.1
YoY Gr.--47.1%96.8%-99.4%-33.3%-600%NA66.7%160%-69.2%-
BVPS (₹) 68.473.884.21.11.31.111.11.32.12.2
Adj Net
Profit
0.50.30.50.50.4-2.10.30.61.30.51
Cash Flow from Ops. 3.21.60.50-1.82.421.3-1.1-10.6-
Debt/CF from Ops. 1.53.213.90-6.94.95.38.8-13.1-0.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9.5%6%17.4%11.4%
Adj EPS -45.8%0%10.1%-69.2%
BVPS-32%10.1%28.5%68.3%
Share Price - -15.3% -30.2% 18.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
15.77.413.27.43.6-16.22.54.910.62.12.3
Op. Profit
Mgn %
8.56.58.888.4-3.27.496.16.96.7
Net Profit
Mgn %
2.81.32.61.91.5-91.21.941.31.7
Debt to
Equity
1.51.51.80.90.91111.10.40
Working Cap
Days
169161168177227277264196181232130
Cash Conv.
Cycle
11074808311815012211311917172

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 17.43%

Net Profit is growing at healthy rate in last 3 years 10.06%

Debt to equity has declined versus last 3 years average to 0.35

Sales growth is good in last 4 quarters at 11.75%

Return on Equity has declined versus last 3 years average to 2.30%

Latest Financials - Ganga Forging Ltd.

Standalone Consolidated
TTM EPS (₹) 0.1 -
TTM Sales (₹ Cr.) 38.8 -
BVPS (₹.) 2.2 -
Reserves (₹ Cr.) 16 -
P/BV 3.39 -
PE 144.85 -
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 99.1
Equity (₹ Cr.) 13.5
Face Value (₹) 1
Industry PE 38.6

Management X-Ray of Ganga Forging:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Ganga Forging

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales16.4218.4518.7224.8627.8323.5822.9828.8333.4137.21
Operating Expenses 15.0317.2517.0722.8925.4924.3421.2826.2931.4234.72
Manufacturing Costs0.030.060.044.925.874.594.735.366.457.36
Material Costs13.6215.7315.3515.8217.0116.9214.0918.2022.3723.96
Employee Cost 0.981.081.241.361.471.811.952.161.942
Other Costs 0.390.380.440.791.141.030.510.570.661.39
Operating Profit 1.391.191.651.982.34-0.761.702.541.992.50
Operating Profit Margin (%) 8.5%6.5%8.8%7.9%8.4%-3.2%7.4%8.8%6.0%6.7%
Other Income 0.040.130.010.030.170.100.140.510.080.09
Interest 0.580.600.600.791.121.270.790.950.810.85
Depreciation 0.310.400.500.500.740.880.870.880.881
Exceptional Items 000000-0.040.750.500.01
Profit Before Tax 0.540.330.570.720.66-2.800.131.970.880.75
Tax 0.070.070.080.250.14-0.69-0.120.94-0.780.31
Profit After Tax 0.470.250.480.460.52-2.120.251.031.660.44
PAT Margin (%) 2.8%1.4%2.6%1.9%1.9%-9.0%1.1%3.6%5.0%1.2%
Adjusted EPS (₹)0.10.10.10.10.1-0.20.00.10.20.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 3.193.443.938.5914.111210.7211.6513.3328.45
Share Capital 0.350.350.355.577.957.9510.6010.6010.6013.42
Reserves 2.843.093.583.026.174.050.121.052.7415.03
Minority Interest0000000000
Debt4.594.946.406.7811.7111.219.119.9012.529.76
Long Term Debt0.791.082.931.744.894.164.154.874.310.77
Short Term Debt3.793.863.475.046.827.054.965.038.228.98
Trade Payables3.614.423.707.046.338.357.104.114.641.93
Others Liabilities 0.640.651.092.763.101.174.025.384.236.17
Total Liabilities 12.0313.4515.1125.1735.2532.7330.9531.0434.7346.31

Fixed Assets

Gross Block5.697.108.6512.2918.7919.0419.2219.4221.1223.01
Accumulated Depreciation1.682.082.582.943.113.994.675.515.576.52
Net Fixed Assets4.015.026.079.3415.6815.0514.5513.9015.5516.48
CWIP 000000.3602.210.750
Investments 0000000000
Inventories2.782.963.255.748.767.327.909.0411.1816.08
Trade Receivables4.955.245.378.139.158.787.234.825.718.47
Cash Equivalents 0.140.090.180.020.090.070.190.010.180.86
Others Assets0.150.150.241.941.571.171.091.051.364.42
Total Assets 12.0313.4515.1125.1735.2532.7330.9531.0434.7346.31

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 3.191.600.500-1.832.351.981.33-1.09-10.64
PBT 0.540.330.5700.66-2.800.131.970.880.75
Adjustment 0.890.991.1001.902.201.721.121.231.83
Changes in Working Capital 1.880.36-0.750-4.192.950.26-1.77-3.13-13.22
Tax Paid -0.12-0.09-0.410-0.200-0.130-0.070
Cash Flow From Investing Activity -0.96-1.41-1.550-6.91-0.60-0.03-1.69-0.56-1.16
Capex -0.96-1.41-1.550-6.91-0.60-0.31-1.70-0.57-1.17
Net Investments 0000000000
Others 0000000.280.010.010.01
Cash Flow From Financing Activity -2.19-0.231.1508.81-1.76-1.830.191.8112.47
Net Proceeds from Shares 0000500000
Net Proceeds from Borrowing 00003.15-0.73-0.010.72-0.56-3.53
Interest Paid -0.57-0.59-0.600-1.12-1.27-0.79-0.95-0.81-0.85
Dividend Paid 0000000000
Others -1.620.361.7401.780.24-1.030.423.1916.85
Net Cash Flow 0.04-0.050.1000.07-0.020.12-0.170.170.68
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)15.747.6113.157.484.66-16.42.259.3113.292.12
ROCE (%)15.8511.3312.0111.078.3-6.134.1613.146.644.65
Asset Turnover Ratio1.441.451.311.250.930.710.720.931.020.92
PAT to CFO Conversion(x)6.796.41.040-3.52N/A7.921.29-0.66-24.18
Working Capital Days
Receivable Days11310110397112136127765870
Inventory Days5257616594122121107110134
Payable Days6393961241431582001127150

Ganga Forging Ltd Stock News

Ganga Forging Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Ganga Forging on 01-Jan-1970 05:30 is ₹0.00.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jan-1970 05:30 the market cap of Ganga Forging stood at ₹99.08.
The latest P/E ratio of Ganga Forging as of 01-Jan-1970 05:30 is 144.8.
The latest P/B ratio of Ganga Forging as of 01-Jan-1970 05:30 is 3.39.
The 52-week high of Ganga Forging is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ganga Forging is ₹38.80 ( Cr.) .

About Ganga Forging Ltd

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