Fundamentals-based quality & risk · not a recommendation
Ganga Forging Ltd scores 23/100 (Avoid) on the Orion Score — poor business quality (15), weak growth (42) and poor balance-sheet safety (22). A fundamentals-based quality & risk score, not a buy/sell recommendation.
Risk checks
Forensic accounting
Piotroski F = fundamental health (0–9, higher is better) · Altman Z = bankruptcy / distress risk · Beneish M = earnings-manipulation check
Technical / Momentum
Price Trend
37/100
Technical momentum companion — separate from the fundamentals-based Orion Score.
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Revenue & Profit in ₹ Crores
| Quarter | Revenue | Net Profit | OPM | EPS |
|---|---|---|---|---|
| Q3 2026 | ₹8.88 | ₹0.04 | 1.4% | ₹0.00 |
| Q2 2026 | ₹8.27 | ₹-2.94 | -31.8% | ₹-0.22 |
| Q1 2026 | ₹7.75 | ₹-0.29 | -4.4% | ₹-0.02 |
| Q4 2025 | ₹11.09 | ₹-0.05 | 2.8% | — |
| Q3 2025 | ₹11.67 | ₹0.27 | 1.9% | ₹0.02 |
Revenue & Profit in ₹ Crores (Yearly)
| Year | Revenue | Net Profit | EBITDA | OPM |
|---|---|---|---|---|
| FY 2025 | ₹42.78 | ₹0.61 | ₹2.77 | 2.8% |
| FY 2024 | ₹36.74 | ₹0.44 | ₹2.5 | 4.2% |
| FY 2023 | ₹32.99 | ₹1.66 | ₹2.53 | 3.4% |
| FY 2022 | ₹28.24 | ₹1.03 | ₹3.75 | 6.0% |
Top companies in the same sector by market cap
| Company | Mkt Cap | P/E | ROCE | ROE | D/E | OPM |
|---|---|---|---|---|---|---|
| GANGAFORGE ★ | ₹31 Cr | — | 3.05% | — | 0.79x | 1.31% |
| BEL | ₹3,03,246 Cr | 49.04 | 29.65% | 27.56% | 0.00x | 27.47% |
| BHEL | ₹1,37,629 Cr | 85.55 | 4.62% | 6.29% | 0.31x | 13.53% |
| APARINDS | ₹56,477 Cr | 57.80 | 28.67% | 19.74% | 0.18x | 6.90% |
| COCHINSHIP | ₹37,305 Cr | 51.54 | 10.41% | 12.52% | 0.28x | 18.71% |
| BEML | ₹15,513 Cr | 110.28 | 5.20% | 4.86% | 0.11x | 13.88% |
All values in ₹ Crores
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total Assets | ₹58.68 | ₹46.31 | ₹34.73 | ₹31.04 |
| Equity | ₹32.19 | ₹31.41 | ₹13.33 | ₹11.65 |
| Total Debt | ₹16.6 | ₹9.99 | ₹14.3 | ₹11.67 |
| Cash | ₹0.32 | ₹0.86 | ₹0.18 | ₹0.01 |
| Net Debt | ₹16.26 | ₹9.13 | ₹14.12 | ₹11.66 |
| Working Capital | ₹11.68 | ₹17.35 | ₹2.54 | ₹2.37 |
Q3 FY2026
Quarter-over-Quarter Trend
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Q3 FY2026 | 35.51% ↓ | 0% ↓ | 0% | 64.49% ↑ |
| Q2 FY2026 | 39% ↓ | 2% ↓ | 0% | 59% ↑ |
| Q1 FY2026 | 39.21% | 2.6% ↓ | 0% | 58.19% ↑ |
| Q4 FY2025 | 39.21% | 3.71% | 0% | 57.08% |
| Q3 FY2025 | 39.21% ↓ | 3.71% ↑ | 0% | 57.08% ↓ |
| Q2 FY2025 | 40.11% ↓ | 0% | 0% ↓ | 59.89% ↑ |
| Q1 FY2025 | 40.63% ↓ | 0% ↓ | 0.11% ↑ | 59.26% ↑ |
| Q4 FY2024 | 40.82% | 0.04% | 0% | 59.14% |
| Ex-Date | Action | Details |
|---|---|---|
| 2026-07-02 | RIGHTS | Rights 3:2 @ Premium Re. 0.63/- |
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Ganga Forging Ltd is listed on the NSE under the Capital Goods sector, Castings & Forgings industry. ISIN: INE691Z01023. Track live share price, technical analysis, RSI, MACD, PE ratio, and smart money holdings on VestAI — India's AI-powered stock analysis platform.