Ganga Forging

: GANGAFORGE · Castings & Forgings

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Snapshot

Unlock Ganga Forging's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Ganga Forging Limited is an ISO 9001:2015 certified manufacturer specialising in the production and machining of forging components. The company serves industrial clients and Original Equipment Manufacturers by providing parts in raw, semi-finished, or finished stages.

Business Model

The company generates revenue through the manufacturing, sale, and job work of forged components tailored to specific customer requirements. It operates as a supplier to industrial sectors and OEMs, offering flexible processing stages for its forged products.

  • Incorporation Year:1988

Growth Outlook

Growth is driven by the company's ability to provide customised forging solutions for industrial applications and its capacity to cater to both domestic and export markets.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the cost of steel and other raw materials can significantly impact the company's operating margins.
  • Cyclical Demand. The forging industry is highly dependent on the performance of the automotive and industrial sectors, which are subject to economic cycles.
  • Export Market Risks. Exposure to international markets introduces risks related to currency fluctuations, geopolitical instability, and changes in trade regulations.
  • Operational Concentration. Reliance on specific manufacturing processes and equipment makes the company vulnerable to technical disruptions or capacity constraints.

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Key Metrics

P/E

-7.3x

Q4 FY26 · standalone

-7.3 vs -7.5x5Y avg

EV/EBITDA

-29.0x

Q4 FY26 · standalone

-29.0 vs -30.0x5Y avg

NET PROFIT MARGIN

-4.3%

Q4 FY26 · standalone

-3.0 ppYoY

DEBT TO EQUITY

0.7x

Q4 FY26 · standalone

+0.19xYoY

Peers · Castings & Forgings

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Ganga ForgingGANGAFORGE
₹54 Cr-5.96-38.47-5.4%-11.7%-7.1%-46.7%
NelcastNELCAST
₹1,043 Cr25.3410.834.2%8.4%7.1%12.5%-18.5%
Synergy Green Industries LimitedSGIL
₹945 Cr-106.8028.81-2.5%11.6%-8.1%6.9%+13.9%
Tirupati ForgeTIRUPATIFL
₹901 Cr142.4147.1011.7%5.1%8.1%+80.5%
Neetu YoshiNEETUYOSHI
₹624 Cr31.0%+20.2%
Magna Electro Castings Ltd.MAGNAELQ
₹526 Cr28.4515.3511.3%17.8%13.9%17.9%+7.7%

As of Q4 FY26

Financials