Shree Ganesh Forgings Ltd - Stock Valuation and Financial Performance

Founded in 1982 the Shree Ganesh Forging Ltd. (SGFL) Group commenced manufacturing precision Closed Die Steel Forging in Navi Mumbai. Before June 2005 SGFL was a closely held Company and 100% ownership was with the promoters group. For the first time in 2005 Company come out with an IPO and successfully completed its IPO with 24.54 times over subscription. Now Company is listed with BSE, (Stock Exchange Mumbai) and at Present Promoters holdings are 60% equity Capital of the Company and rest 40% holds jointly by Mutual Funds ,FIIs, NRIs and Indian Public.

Shree Ganesh Forgings (SGF) with the inheritance of excellence and customer satisfaction as its primary directive principle is in the role segment of forgings. Company’s commitment to quality and adherence to international standards has made it a well –known name in forgings. Their primary directives are customer satisfaction and product excellence, their vast experience in the forgings business and have helped the Company in achieving various new milestones.   Manufacturing unit of SGF is located at Pawane in Navi Mumbai and being an Industrial area, skilled and unskilled labour force is available at reasonable rates. Availability of Power without much interruption and from the transportation aspect area is well connected with roads and rails.

Company is fully equipped with a team of highly qualified and experienced technocrats, manning various specialized departments such as Design & Estimation Department, Die & Tool making Facility, Cutting Unit, Heat Treatment Department, Grinding Department, Fettling Department, Testing & checking Department and Machining Department  

SGFL shares brand repute in the countries like Germany, Netherlands, Belgium, France, Denmark, Italy, Spain, Greece, U.K, U.S.A., Australia, Canada and Middle East. Over the years Company has developed Special grades of stainless steel, duplex steel, special chrome molly, special alloy steel, Carbon steel etc. Due to its dedicated efforts at providing quality products, Company enjoys a good reputation and this has translated into increased turnover from exports as well as from domestics. SGF is always committed to good quality and has earned itself all around reputation and trust.

The company's products are also exported to various parts of the world and have a large reputed customer base who are their valuable wealth for their Company. Some of the countries that Shree Ganesh Forgings Ltd exports are: USA, Canada, UK, Ireland, Germany, Italy, France, Netherland, Belgium, Denmark,Spain, Austria, Greesce, Portugal, Czechoslovakia and other Middle Eastern Countries.

Product range of the company includes:

• Flanges: Weld Neck, Slip on Blind, Lap Joint, Threaded, etc.
• Fitting : Socket Weld, Forged Valves, Bodies and bonnets 
• Automotive Components: Gears, Shafts, Crankshafts.

Achievements/ recognition:

• The company was awarded by Engineering Export promotion Council “Certificate of Excellence for the years 1990-91, 1992-93, 1994-95, and 1998-1999”.
• Products of SGF confirm the international standard such as A. N. S. I, EN-1092-1, D. I. N, A. S. T. M, B. S, M. S. S, TUVCERT / RWTUV, ISO 9001:2000.
• SGF is the only one Company in India who is approved by Syncrude Canada and obtains CRN No from all 13 provinces of Canada.
• The Forge shop is approved by IBR, EIL, for the Production of Forged Flanged other automotive components for the Boiler & Pressure vessel application.

Shree Ganesh Forging Ltd. have the following accreditation and Approvals :

•  ISO 9001-2000 Certified by TUV NORD India
•  Pressure equipment directive 97/23/EC 
• AD 2000 - Merkblatt WO Certified byTUV NORD India / API 6A –0734
• American Petroleum Institute Monogram Licence for API- 6A Flanges
• Lloyd Register Asia
• Petroleum development Oman
• SYN CRUDE Canada
• Toye Engineering India Ltd
• Engineers India Ltd
• HPCL
• BPCL
• NPCIL
• IBR
• Engineers India Ltd.
• CRN for 13 province