Ganga Forging Limited

Ganga Forging Limited (GANGAFORGE) is a micro-cap Capital Goods company valued at ₹49 crore operating in Castings & Forgings on the NSE and BSE.

Recent price move

Ganga Forging Limited last traded at ₹1.46, down 2.01% on the day.

Recent developments

On 2026-06-25, the company announced a rights issue in a 3:2 ratio, which may indicate a need for capital to support operations or growth initiatives.

Financial performance

The company's business is deteriorating, with annual revenue falling 17.6% to ₹36 crore and annual net profit swinging from a profit of ₹1 crore to a loss of ₹4 crore. The latest quarter saw revenue decline 7.2% year-on-year to ₹7 crore, but net profit swung from a loss of ₹0 crore to a profit of ₹1 crore, indicating some improvement in the recent quarter.

Valuation multiples

A price-to-earnings ratio is not meaningful here because the company is loss-making; the stock trades at 0.88 times book value.

Things to watch

The company reported a net loss of ₹4 crore in its latest financial year, with net profit margin at -10.3%, down 11.7 percentage points from the prior year. The stock is 64.3% below its 52-week high, and the business has seen a significant decline in annual net profit, swinging from a profit to a loss.

Where it stands

Ganga Forging Limited ended its latest financial year with a net loss of ₹4 crore, while the latest quarter showed a net profit of ₹1 crore. The stock is 64.3% below its 52-week high, and the company's net profit margin has deteriorated significantly.

Summarised by DocStoX's model on 2026-10-04 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.