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    3. Gangaforge Share Price

    Ganga Forging Share PriceGanga Forging

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

    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 %
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    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

    More Information

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