GANGAFORGE

Ganga Forging Share PriceGanga Forging

₹7.00
-0.25 (-3.45%)
As on 08 December, 2023 | 21:17 BSE: NSE: GANGAFORGEISIN: INE691Z01023

Ganga Forging Performance

Day Range

  • Low 6.90
  • High 7.40
₹ 7.00

52 Week Range

  • Low 3.00
  • High 8.50
₹ 7.00
  • Open Price7.35
  • Previous Close7.25
  • Volume371697

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Ganga Forging Share Price

  • Over 1 Month -0.71%
  • Over 3 Month -2.1%
  • Over 6 Month -1.41%
  • Over 1 Year 47.37%

Ganga Forging Key Statistics

P/E Ratio 45.2
PEG Ratio 0
Market Cap Cr 80
Price to Book Ratio 6
EPS 0.1
Dividend 0
Relative Strength Index 48.2
Money Flow Index 75.66
MACD Signal -0.01
Average True Range 0.32

Ganga Forging Investment Rating

  • Master Rating:
  • Ganga Forging has an operating revenue of Rs. 35.00 Cr. on a trailing 12-month basis. An annual revenue growth of 15% is outstanding, Pre-tax margin of 3% needs improvement, ROE of 12% is good. The company has a reasonable debt to equity of 32%, which signals a healthy balance sheet. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 30% above 200DMA. It needs to take support around the 50 DMA level to continue further upside move. It is currently FORMING a base in its weekly chart and is trading around 14% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 48 which is a POOR score indicating inconsistency in earnings, a RS Rating of 67 which is FAIR indicating the recent price performance, Buyer Demand at A- which is evident from recent demand for the stock, Group Rank of 63 indicates it belongs to a poor industry group of Steel-Producers and a Master Score of C is fair but needs to improve. Institutional holding has remained stable in the last reported quarter. Overall, the stock has mediocre technical strength and poor fundamentals, there are superior stocks in the current market environment.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Ganga Forging Financials
IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 91088987
Operating Expenses Qtr Cr 8988977
Operating Profit Qtr Cr 1111001
Depreciation Qtr Cr 0000000
Interest Qtr Cr 0000000
Tax Qtr Cr 00-10001
Net Profit Qtr Cr 001000-1
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr 3329
Operating Expenses Annual Cr 3126
Operating Profit Annual in Cr 23
Depreciation Cr 11
Interest Annual Cr 11
Tax Annual Cr -11
Net Profit Annual Cr 21
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr 11
Cash from Investing Activity Annual Cr -2-2
Cash from Financing Annual Activity Cr 00
Net Cash Flow Annual Cr 0
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr 1312
Fixed Assets Annual Cr 1616
Total Non Current Assets Annual Cr 1716
Total Current Assets Annual Cr 1815
Total Assets Annual Cr 3531
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs 11
ROE Annual % 129
ROCE Annual % 612
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 611
IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr
Operating Expenses Qtr Cr
Operating Profit Qtr Cr
Depreciation Qtr Cr
Interest Qtr Cr
Tax Qtr Cr
Net Profit Qtr Cr
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr
Operating Expenses Annual Cr
Operating Profit Annual in Cr
Depreciation Cr
Interest Annual Cr
Tax Annual Cr
Net Profit Annual Cr
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr
Cash from Investing Activity Annual Cr
Cash from Financing Annual Activity Cr
Net Cash Flow Annual Cr
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr
Fixed Assets Annual Cr
Total Non Current Assets Annual Cr
Total Current Assets Annual Cr
Total Assets Annual Cr
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs
ROE Annual %
ROCE Annual %
Total Debt to Total Equity Annual --
EBDIT Annual Margin %

Ganga Forging Technicals

EMA & SMA

Current Price
₹7.00
-0.25 (-3.45%)
pointer
  • Bullish Moving Average
  • ___
  • 6
  • Bearish Moving Average
  • ___
  • 10
  • 20 Day
  • ₹7.08
  • 50 Day
  • ₹7.02
  • 100 Day
  • ₹6.69
  • 200 Day
  • ₹6.30
  • 20 Day
  • ₹6.98
  • 50 Day
  • ₹7.10
  • 100 Day
  • ₹6.92
  • 200 Day
  • ₹5.56

Ganga Forging Resistance and Support

PIVOT
₹7.1
Resistance
First Resistance 7.30
Second Resistance 7.60
Third Resistance 7.80
RSI 48.20
MFI 75.66
MACD Single Line -0.01
MACD 0.04
Support
First Resistance 6.80
Second Resistance 6.60
Third Resistance 6.30

Ganga Forging Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 371,697 37,169,700 100
Week 2,390,016 239,001,620 100
1 Month 694,058 69,405,805 100
6 Month 365,503 36,550,259 100

Ganga Forging Result Highlights

Ganga Forging Synopsis

NSE-Steel-Producers

Ganga Forging is involved in the business activities of Forging, pressing, stamping and roll-forming of metal; powder metallurgy. Company’s Total Operating Revenue is Rs. 28.66 Cr. and Equity Capital is Rs. 10.60 Cr. for the Year ended 31/03/2022. Ganga Forging Ltd. is a Public Limited Listed company incorporated on 29/12/1988 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L28910GJ1988PLC011694 and registration number is 011694.
Market Cap 75
Sales 35
Shares in Float 5.50
No of funds
Yield
Book Value 5.75
U/D Vol ratio 3.8
LTDebt / Equity 32
Alpha 0.21
Beta 1.06

Ganga Forging

Owner NameOct-23Sep-23Jun-23Mar-23
Promoters 51.72%59.35%59.53%59.53%
Mutual Funds
Insurance Companies
Foreign Portfolio Investors
Financial Institutions/ Banks
Individual Investors 32.86%31.41%35.72%37.82%
Others 15.42%9.24%4.75%2.65%

Ganga Forging Management

Name Designation
Mr. Hiralal Tilva Chairman & Managing Director
Mr. Rakesh Patel Managing Director
Mrs. Sheetal Chaniara Whole Time Director
Mrs. Parul Patel Whole Time Director
Mr. Ramesh Dhingani Ind.& Non Exe.Director
Mr. Jasubhai Patel Ind.& Non Exe.Director
Mr. Sagarkumar Govani Ind.& Non Exe.Director
Mr. Nayankumar Virparia Ind.& Non Exe.Director

Ganga Forging Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Ganga Forging Corporate Action

Date Purpose Remarks
2023-10-14 Quarterly Results
2023-08-10 Quarterly Results
2023-05-30 Audited Results
2023-02-10 Quarterly Results
2022-10-20 Quarterly Results
Date Purpose Remarks
2021-01-12 Bonus Rs.0.00 issue in the ratio of 1:3 @ Rs. 10/-.
Date Purpose Remarks
2021-09-14 Split Rs.0.00 split from Rs. 10/- to Re. 1/-.

Ganga Forging FAQs

What is Share Price of Ganga Forging ?

Ganga Forging share price is ₹7 As on 08 December, 2023 | 21:03

What is the Market Cap of Ganga Forging ?

The Market Cap of Ganga Forging is ₹80.2 Cr As on 08 December, 2023 | 21:03

What is the P/E ratio of Ganga Forging ?

The P/E ratio of Ganga Forging is 45.2 As on 08 December, 2023 | 21:03

What is the PB ratio of Ganga Forging ?

The PB ratio of Ganga Forging is 6 As on 08 December, 2023 | 21:03

Q2FY23