GANGA FORGING LIMITED (GANGAFORGE) financials

GANGA FORGING LIMITED (GANGAFORGE) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Incorporated in 1988, Ganga Forging Ltd is engaged in the business of production, sale, and job work of forging items.[1]

Market Cap: ₹47.2Cr.
Current Price: ₹1.40
ROE: -13.2%
ROCE: -6.43%
Book Value: ₹0.85
Dividend Yield: 0.00%
52W High / Low: ₹3.26/1.35

In Jun 2026, GANGA FORGING LIMITED (GANGAFORGE) reported sales ₹7.19 Cr and net profit ₹1.06 Cr.

Annual TTM: sales ₹35.07 Cr, net profit ₹-2.30 Cr.

Shareholding: Promoters 35.51% (Sep 2026), FIIs 0.00% (Sep 2026), DIIs 0.00% (Sep 2026), Public 64.49% (Sep 2026), No. of Shareholders 69,215% (Sep 2026).

GANGAFORGE quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	11.51	11.67	11.53	7.75	8.27	8.88	10.73	7.19
Expenses	10.92	11.18	10.95	7.81	10.61	8.48	10.83	6.52
Operating Profit	0.59	0.49	0.58	-0.06	-2.34	0.40	-0.10	0.67
OPM %	5.13%	4.20%	5.03%	-0.77%	-28.30%	4.50%	-0.93%	9.32%
Other Income	0.15	0.31	-0.01	0.37	0.01	0.12	0.04	0.79
Interest	0.23	0.22	0.22	0.23	0.23	0.19	0.28	0.21
Depreciation	0.27	0.27	0.29	0.27	0.28	0.28	0.35	0.29
Profit before tax	0.24	0.31	0.06	-0.19	-2.84	0.05	-0.69	0.96
Tax %	-12.50%	12.90%	366.67%	47.37%	3.52%	20.00%	-33.33%	-10.42%
Net Profit	0.28	0.27	-0.15	-0.29	-2.94	0.04	-0.46	1.06
EPS in Rs	0.01	0.01	-0.00	-0.01	-0.09	0.00	-0.01	0.03
Raw PDF	—	—	—	—	—	—	—	—

GANGAFORGE profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	23.64	22.98	28.83	33.41	37.21	43.22	35.62	35.07
Expenses	24.39	21.28	26.28	31.41	34.71	40.94	37.73	36.44
Operating Profit	-0.75	1.70	2.55	2.00	2.50	2.28	-2.11	-1.37
OPM %	-3.17%	7.40%	8.84%	5.99%	6.72%	5.28%	-5.92%	-3.91%
Other Income	0.10	0.10	1.26	0.57	0.10	0.64	0.54	0.96
Interest	1.27	0.79	0.95	0.81	0.85	0.98	0.93	0.91
Depreciation	0.88	0.87	0.88	0.88	1.00	1.07	1.19	1.20
Profit before tax	-2.80	0.14	1.98	0.88	0.75	0.87	-3.69	-2.52
Tax %	-24.64%	-85.71%	47.47%	-88.64%	41.33%	28.74%	-0.81%	—
Net Profit	-2.12	0.25	1.03	1.66	0.44	0.61	-3.65	-2.30
EPS in Rs	-0.08	0.01	0.04	0.06	0.01	0.02	-0.11	-0.07
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

GANGAFORGE balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	7.95	7.95	10.60	10.60	10.60	13.42	13.48	13.48
Reserves	6.17	4.05	0.12	1.05	2.74	17.99	18.71	15.02
Borrowings	12.67	11.57	10.54	11.67	14.30	9.98	16.58	20.11
Other Liabilities	8.47	9.48	9.69	7.73	7.08	4.92	9.91	11.88
Total Liabilities	35.26	33.05	30.95	31.05	34.72	46.31	58.68	60.49
Fixed Assets	15.68	15.05	14.55	13.90	15.55	16.48	17.79	17.55
CWIP	0.00	0.36	0.00	2.21	0.75	0.00	0.39	2.87
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	19.58	17.64	16.40	14.94	18.42	29.83	40.50	40.07
Total Assets	35.26	33.05	30.95	31.05	34.72	46.31	58.68	60.49

GANGAFORGE cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	-1.83	2.35	1.98	1.33	-1.09	-10.64	-4.10	0.36
Cash from Investing Activity	-6.91	-0.60	-0.03	-1.69	-0.56	-1.16	-2.21	-3.15
Cash from Financing Activity	8.81	-1.76	-1.83	0.19	1.81	12.47	5.78	2.59
Net Cash Flow	0.07	-0.02	0.12	-0.17	0.17	0.68	-0.53	-0.20
Free Cash Flow	-8.74	1.75	1.67	-0.37	-1.65	-11.81	-6.33	-2.81
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	-69%	-313%	124%	52%	-51%	-426%	-180%	-25%

GANGAFORGE shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	39.21%	39.21%	39.21%	39.00%	35.51%	35.51%	35.51%	35.51%
FIIs	3.71%	3.71%	2.60%	2.00%	0.00%	0.00%	0.00%	0.00%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	57.08%	57.08%	58.19%	59.00%	64.49%	64.49%	64.49%	64.49%
No. of Shareholders	47,983	48,532	48,963	49,237	49,815	48,870	48,273	69,215

GANGAFORGE key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	119.79	135.56	114.84	61.02	62.38	83.08	67.65	58.31
Inventory Days	—	—	204.65	181.30	182.42	244.86	244.26	266.95
Days Payable	—	—	183.92	82.43	75.71	29.39	80.58	116.32
Cash Conversion Cycle	119.79	135.56	135.56	159.89	169.09	298.55	231.33	208.94
Working Capital Days	38.23	-5.40	12.39	29.88	25.78	161.85	95.94	82.28
ROCE %	7.50%	-6.08%	4.33%	9.78%	4.67%	4.61%	3.17%	-6.43%

GANGAFORGEUpdated 22 Oct 2026, 13:17

Ganga Forging Limited

GANGAFORGEUpdated 22 Oct 2026, 13:17

Market Cap

₹47.2Cr.

Current Price

₹1.40

High / Low

₹3.26/1.35

ROE-13.2%

ROCE-6.43%

Book Value₹0.85

Face Value₹1.00

Dividend Yield0.00%

About

Incorporated in 1988, Ganga Forging Ltd is engaged in the business of production, sale, and job work of forging items.[1]

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	9.86	0.16	9.34	0	0.22	0.14	14.29	0.12	0
Sep 2023	8.57	0.18	8.03	0.03	0.22	0.17	-29.41	0.22	0.01
Dec 2023	8.55	0.22	7.91	0.01	0.22	0.21	-9.52	0.23	0.01
Mar 2024	10.24	0.29	9.44	0.07	0.34	0.24	108.33	-0.02	0
Jun 2024	8.51	0.29	7.92	0.19	0.25	0.24	-20.83	0.29	0.01
Sep 2024	11.51	0.23	10.92	0.15	0.27	0.24	-12.5	0.28	0.01
Dec 2024	11.67	0.22	11.18	0.31	0.27	0.31	12.9	0.27	0.01
Mar 2025	11.53	0.22	10.95	-0.01	0.29	0.06	366.67	-0.15	0
Jun 2025	7.75	0.23	7.81	0.37	0.27	-0.19	47.37	-0.29	-0.01
Sep 2025	8.27	0.23	10.61	0.01	0.28	-2.84	3.52	-2.94	-0.09
Dec 2025	8.88	0.19	8.48	0.12	0.28	0.05	20	0.04	0
Mar 2026	10.73	0.28	10.83	0.04	0.35	-0.69	-33.33	-0.46	-0.01
Jun 2026	7.19	0.21	6.52	0.79	0.29	0.96	-10.42	1.06	0.03

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2011	8.98	0.33	8.15	0.01	0.3	0.21	42.86	0.11	0.01
Mar 2012	17.36	0.46	16.22	0.02	0.41	0.29	72.41	0.09	0.01
Mar 2018	24.87	0.79	22.9	0.03	0.5	0.71	35.21	0.46	0.02
Mar 2019	27.88	1.12	25.53	0.17	0.74	0.66	21.21	0.52	0.02
Mar 2020	23.64	1.27	24.39	0.1	0.88	-2.8	-24.64	-2.12	-0.08
Mar 2021	22.98	0.79	21.28	0.1	0.87	0.14	-85.71	0.25	0.01
Mar 2022	28.83	0.95	26.28	1.26	0.88	1.98	47.47	1.03	0.04
Mar 2023	33.41	0.81	31.41	0.57	0.88	0.88	-88.64	1.66	0.06
Mar 2024	37.21	0.85	34.71	0.1	1	0.75	41.33	0.44	0.01
Mar 2025	43.22	0.98	40.94	0.64	1.07	0.87	28.74	0.61	0.02
Mar 2026	35.62	0.93	37.73	0.54	1.19	-3.69	-0.81	-3.65	-0.11
TTM	35.07	0.91	36.44	0.96	1.2	-2.52	—	-2.3	-0.07

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	35.51%
Public	64.49%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Dec 2023	43.52%	0%	0%	56.48%
Mar 2024	40.82%	0.04%	0%	59.14%
Jun 2024	40.63%	0%	0.11%	59.26%
Sep 2024	40.11%	0%	0%	59.89%
Dec 2024	39.21%	3.71%	0%	57.08%
Mar 2025	39.21%	3.71%	0%	57.08%
Jun 2025	39.21%	2.6%	0%	58.19%
Sep 2025	39%	2%	0%	59%
Dec 2025	35.51%	0%	0%	64.49%
Mar 2026	35.51%	0%	0%	64.49%
Jun 2026	35.51%	0%	0%	64.49%
Sep 2026	35.51%	0%	0%	64.49%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Other Assets	Total Assets
Mar 2011	0.35	0.87	4.37	2.7	8.29	1.95	0	6.34	8.29
Mar 2012	0.35	0.96	2.84	5.42	9.57	1.89	0	7.68	9.57
Mar 2018	5.57	3.02	7.83	8.75	25.17	9.34	0	15.83	25.17
Mar 2019	7.95	6.17	12.67	8.47	35.26	15.68	0	19.58	35.26
Mar 2020	7.95	4.05	11.57	9.48	33.05	15.05	0.36	17.64	33.05
Mar 2021	10.6	0.12	10.54	9.69	30.95	14.55	0	16.4	30.95
Mar 2022	10.6	1.05	11.67	7.73	31.05	13.9	2.21	14.94	31.05
Mar 2023	10.6	2.74	14.3	7.08	34.72	15.55	0.75	18.42	34.72
Mar 2024	13.42	17.99	9.98	4.92	46.31	16.48	0	29.83	46.31
Mar 2025	13.48	18.71	16.58	9.91	58.68	17.79	0.39	40.5	58.68
Mar 2026	13.48	15.02	20.11	11.88	60.49	17.55	2.87	40.07	60.49

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2011	0	0	0	0
Mar 2012	—	—	—	—
Mar 2018	0	0	0	0
Mar 2019	-1.83	-6.91	8.81	0.07
Mar 2020	2.35	-0.6	-1.76	-0.02
Mar 2021	1.98	-0.03	-1.83	0.12
Mar 2022	1.33	-1.69	0.19	-0.17
Mar 2023	-1.09	-0.56	1.81	0.17
Mar 2024	-10.64	-1.16	12.47	0.68
Mar 2025	-4.1	-2.21	5.78	-0.53
Mar 2026	0.36	-3.15	2.59	-0.2

Key ratios

Historical financial ratios

Category	Mar 2011	Mar 2012	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	144.29	97.14	119.32	119.79	135.56	114.84	61.02	62.38	83.08	67.65	58.31
Inventory Days	155.46	87.56	132.52	—	—	204.65	181.30	182.42	244.86	244.26	266.95
Days Payable	151.16	159.41	162.53	—	—	183.92	82.43	75.71	29.39	80.58	116.32
Cash Conversion Cycle	148.59	25.29	89.31	119.79	135.56	135.56	159.89	169.09	298.55	231.33	208.94
Working Capital Days	56.50	0.84	-0.59	38.23	-5.40	12.39	29.88	25.78	161.85	95.94	82.28
ROCE %	—	15.40%	—	7.50%	-6.08%	4.33%	9.78%	4.67%	4.61%	3.17%	-6.43%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of GANGA FORGING LIMITED (GANGAFORGE)?

The reported market capitalisation for GANGA FORGING LIMITED (GANGAFORGE) is ₹47.2Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of GANGAFORGE?

The current price shown for GANGA FORGING LIMITED (GANGAFORGE) on Fincrux is ₹1.40 with a 52-week high/low of ₹3.26/1.35.

What were GANGAFORGE latest quarterly results?

For Jun 2026, GANGA FORGING LIMITED (GANGAFORGE) reported sales ₹7.19 Cr and net profit ₹1.06 Cr (figures in ₹ crore unless noted).

What are GANGAFORGE annual sales and net profit?

For TTM, GANGA FORGING LIMITED (GANGAFORGE) shows sales of ₹35.07 Cr and net profit of ₹-2.30 Cr on the Fincrux profit & loss statement.

Who owns GANGA FORGING LIMITED (GANGAFORGE)?

Latest shareholding for GANGA FORGING LIMITED (GANGAFORGE) on Fincrux: Promoters 35.51% (Sep 2026), FIIs 0.00% (Sep 2026), DIIs 0.00% (Sep 2026), Public 64.49% (Sep 2026), No. of Shareholders 69,215% (Sep 2026).

Where can I find GANGA FORGING LIMITED (GANGAFORGE) financials?

GANGA FORGING LIMITED (GANGAFORGE) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show GANGAFORGE balance sheet and cash flow?

Yes. The GANGA FORGING LIMITED (GANGAFORGE) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 22 October 2026 at 13:17