| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 7.2 | 7.7 | −7.2% |
| EBITDA | 0.7 | −0.1 | — |
| EBITDA margin | 9.3% | −0.8% | +10.1 pts |
| Profit before tax | 1.0 | −0.2 | — |
| Net profit | 1.1 | −0.3 | — |
| EPS | ₹0.08 | −₹0.02 | — |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 19.0 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 0.1 | 0.1 | 0.3 | 0.9 | 0.2 | ||
| 20.1 | 20.1 | 16.6 | 10.0 | 14.3 | ||
| 39.0 | — | — | — | — | ||
| 35.1 | 35.6 | 43.2 | 37.2 | 33.4 | ||
| — | −17.6% | +16.1% | +11.4% | — | ||
| −1.4 | −2.1 | 2.3 | 2.5 | 2.0 | ||
| −3.9% | −5.9% | 5.2% | 6.7% | 6.0% | ||
| −2.6 | −3.3 | 1.2 | 1.5 | 1.1 | ||
| −2.3 | −3.7 | 0.6 | 0.4 | 1.7 | ||
| −6.6% | −10.3% | 1.4% | 1.2% | 5.0% | ||
| −₹0.17 | −₹0.27 | ₹0.05 | ₹0.03 | ₹0.12 | ||
| — | −696.0% | +38.2% | −73.2% | — | ||
| — | 0.4 | −4.1 | −10.6 | −1.1 | ||
| — | −3.5 | −2.6 | −1.2 | −1.3 | ||
| −3.2 | −3.2 | −6.8 | −11.8 | −2.4 | ||
From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 19.0 | |
| - Cash, Equiv & ST Investments | 0.2 | 0.9 | 0.3 | 0.1 | 0.1 | |
| + Total Debt | 14.3 | 10.0 | 16.6 | 20.1 | 20.1 | |
| Enterprise Value | — | — | — | — | 39.0 | |
| Revenue | 33.4 | 37.2 | 43.2 | 35.6 | 35.1 | |
| Growth %, YoY | — | +11.4 | +16.1 | -17.6 | — | |
| EBITDA | 2.0 | 2.5 | 2.3 | -2.1 | -1.4 | |
| Margin % | 5.96 | 6.71 | 5.22 | -5.92 | -3.92 | |
| EBIT | 1.1 | 1.5 | 1.2 | -3.3 | -2.6 | |
| Net Income | 1.7 | 0.4 | 0.6 | -3.7 | -2.3 | |
| Margin % | 4.96 | 1.19 | 1.42 | -10.26 | -6.58 | |
| EPS, Adj (current shares) | 0.12 | 0.03 | 0.05 | -0.27 | -0.17 | |
| Growth %, YoY | — | -73.2 | +38.2 | -696.0 | — | |
| Cash from Operations | -1.1 | -10.6 | -4.1 | 0.4 | — | |
| Capital Expenditures | -1.3 | -1.2 | -2.6 | -3.5 | — | |
| Free Cash Flow | -2.4 | -11.8 | -6.8 | -3.2 | -3.2 | |
Prices at the 30 October 2026 close · figures from the company's filings with NSE
Ganga Forging (NSE: GANGAFORGE) had a market capitalisation of ₹18.9 crore at the 30 October 2026 close (₹1.40 a share) and a price-to-book ratio of 0.66. In FY26 its consolidated net loss was ₹3.7 crore on revenue of ₹35.6 crore; in Q1 FY27 (April–June 2026) it was ₹1.1 crore. Its debt-to-equity ratio was 0.71 on 31 March 2026. Promoters held 35.51% of the shares on 30 September 2026.
Ganga Forging's PE ratio is not meaningful at the 30 October 2026 close: its consolidated net profit over the last four quarters (Q2 FY26 to Q1 FY27) was a loss of ₹2.3 crore, and a price-to-earnings ratio needs positive earnings. Its market capitalisation was ₹18.9 crore at ₹1.40 a share.
Ganga Forging's price-to-book (PB) ratio is 0.66 at the 30 October 2026 close: a market capitalisation of ₹18.9 crore divided by shareholders' equity (book value) of ₹28.5 crore on 31 March 2026. That is a book value of ₹2.11 per share against a share price of ₹1.40.
Ganga Forging's book value per share was ₹2.11 on 31 March 2026: shareholders' equity of ₹28.5 crore divided by the 13.48 crore shares in issue, down 11.5% from ₹2.39 a year earlier. The share price at the 30 October 2026 close was ₹1.40.
Ganga Forging's market capitalisation was ₹18.9 crore at the 30 October 2026 close: 13.48 crore shares at ₹1.40 each.
No. Ganga Forging had borrowings of ₹20.1 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.71. Its cash and current investments were ₹12 lakh, so its net debt was ₹20 crore.
Ganga Forging's basic earnings per share (EPS) were −₹0.27 in FY26.
Ganga Forging's debt-to-equity ratio was 0.71 on 31 March 2026: borrowings of ₹20.1 crore against total equity of ₹28.5 crore. A year earlier, on 31 March 2025, it was 0.52.
Ganga Forging's net worth — shareholders' equity in its consolidated balance sheet — was ₹28.5 crore on 31 March 2026, down 11.5% from ₹32.2 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹18.9 crore at the 30 October 2026 close.
In FY26, Ganga Forging generated ₹36 lakh of cash from operations and spent ₹3.5 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹3.2 crore. In FY25 it was −₹6.8 crore.
In FY26, Ganga Forging's return on equity (ROE) was −12.0% and its return on capital employed (ROCE) was −8.5%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 1.9% and ROCE 3.2%.
Ganga Forging's latest results are for Q1 FY27 (April–June 2026), filed on 18 July 2026: consolidated net profit ₹1.1 crore, against a loss of ₹29 lakh in Q1 FY26; revenue from operations ₹7.2 crore, down 7.2% year on year.
On FY26 consolidated figures, against Agro Phos India and Nandani Creation: Ganga Forging's operating margin of −9.3% is the lowest of the three (Agro Phos India 9.6%, Nandani Creation 5.9%; peer average 7.8%); its return on equity of −12.0% is the lowest of the three (Agro Phos India 10.4%, Nandani Creation 3.4%; peer average 6.9%).
Promoters held 35.51% of Ganga Forging on 30 September 2026, unchanged from the previous quarter and down 3.70 percentage points from 39.21% a year earlier, according to the shareholding pattern filed with NSE.
On 30 September 2026, Ganga Forging's shares were held by promoters 35.51% and retail and other non-institutional investors 64.49%.
Ganga Forging has not yet announced the date of its Q2 FY27 results (July–September 2026); under SEBI's listing rules (Regulation 33) they are due by 14 November 2026.
In FY26 (April 2025–March 2026), Ganga Forging's consolidated net loss was ₹3.7 crore, against a profit of ₹61 lakh in FY25, on revenue from operations of ₹35.6 crore (down 17.6%).
In FY26, Ganga Forging earned net profit of ₹3.7 crore on revenue of ₹35.6 crore, against ₹7.1 crore on ₹148 crore for Agro Phos India. Ganga Forging's operating margin was −9.3% (Agro Phos India 9.6%) and its return on equity −12.0% (Agro Phos India 10.4%). At the 30 October 2026 close, Ganga Forging's market capitalisation was ₹18.9 crore against ₹44.9 crore for Agro Phos India.
From Ganga Forging's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.