Garg Furnace
Industrial Products
530615 BSE
₹184.80
Close ·
- P/E
- 11.74
Close 4 Nov 2026 ₹184.80 +19.85 +12.0% 1Y
Start ₹164.95
Key Fundamentals
MicrocapIndustrial ProductsCapital GoodsPrice-based figures at the close · EPS basis: Standalone · TTM
- ROCE
- 12.80%
- Debt to Equity
- 0.18
- EPS (TTM)
- ₹15.74
- Book Value
- ₹145.44
- Market Cap
- —
- P/E (TTM)
- 11.74
- P/B
- 1.27
- ROE
- 12.80%
- Dividend Yield
- 0.00%
- EBITDA
- ₹13.80 Cr
- 52W High
- ₹255.50
- 52W Low
- ₹108.65
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
60 Good
Data confidence 100/100
Category scores
- Quality
- 47
- Average
- Returns, margins, earnings quality 22% weight
- Valuation
- 57
- Good
- Cheap vs sector & own history 24% weight
- Growth
- 52
- Average
- Sales & profit trajectory 9% weight
- Financial Health
- 79
- Strong
- Solvency, leverage, coverage 9% weight
- Momentum
- 94
- Strong
- Trend strength, vol-adjusted 12% weight
- Ownership
- 50
- Average
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
2- Company has delivered good profit growth of 53.2% CAGR over last 5 years
- Promoter holding has increased by 3.50% over last quarter.
Weaknesses
4- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company has a low return on equity of 13.7% over last 3 years.
- Promoter holding has decreased over last 3 years: -7.32%
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Bullish | 5 | 7 | 7 |
| Oscillators | Bearish | 2 | 7 | 0 |
| Moving Averages | Strong Bullish | 3 | 0 | 7 |
Oscillators
Bearish
Bearish
2
Neutral
7
Bullish
0
Overall
Bullish
Bearish
5
Neutral
7
Bullish
7
Moving Averages
Strong Bullish
Bearish
3
Neutral
0
Bullish
7
Key readings
- RSI (14)
- 46.17
- Neutral
- MACD (12,26,9)
- −4.66
- Bearish
- SMA (50)
- 189.59
- Bearish
- SMA (200)
- 146.69
- Bullish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | +12.37% |
|---|---|
| 5Y | +19.42% |
| 3Y | +6.69% |
| 1Y | +10.31% |
| TTM | +10.36% |
Net profit
| 10Y | Turned to profit |
|---|---|
| 5Y | Turned to profit |
| 3Y | +18.56% |
| 1Y | +25.00% |
| TTM | +46.45% |
Operating cash flow
| 10Y | Outflow narrowed by ₹6 Cr |
|---|---|
| 5Y | Turned negative |
| 3Y | Turned negative |
| 1Y | Turned negative |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | +10.06 pp |
|---|---|
| 5Y | +4.50 pp |
| 3Y | +1.56 pp |
| 1Y | +1.45 pp |
| TTM | +2.21 pp |
Revenue by year
| Mar 2017 | ₹54.00 Cr |
|---|---|
| Mar 2018 | ₹66.00 Cr |
| Mar 2019 | ₹112 Cr |
| Mar 2020 | ₹99.00 Cr |
| Mar 2021 | ₹119 Cr |
| Mar 2022 | ₹179 Cr |
| Mar 2023 | ₹238 Cr |
| Mar 2024 | ₹258 Cr |
| Mar 2025 | ₹262 Cr |
| Mar 2026 | ₹289 Cr |
Net profit by year
| Mar 2017 | −₹14.00 Cr |
|---|---|
| Mar 2018 | ₹0.00 Cr |
| Mar 2019 | ₹5.00 Cr |
| Mar 2020 | ₹4.00 Cr |
| Mar 2021 | −₹5.00 Cr |
| Mar 2022 | ₹6.00 Cr |
| Mar 2023 | ₹6.00 Cr |
| Mar 2024 | ₹6.00 Cr |
| Mar 2025 | ₹8.00 Cr |
| Mar 2026 | ₹10.00 Cr |
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 61.75 | 61.75 | 65.4 | 71.02 | 62.33 | 62.16 | 62.97 | 74.16 | 60.15 | 61.38 | 92.39 | 75.37 | 57.18 |
| Expenses | 60.83 | 60.83 | 63.34 | 68.92 | 60.47 | 61.09 | 60.77 | 71.6 | 58.68 | 58.27 | 88.35 | 71.2 | 54.12 |
| Operating Profit | 0.92 | 0.92 | 2.06 | 2.1 | 1.86 | 1.07 | 2.2 | 2.56 | 1.47 | 3.11 | 4.04 | 4.17 | 3.06 |
| OPM % | 1.49% | 1.49% | 3.15% | 2.96% | 2.98% | 1.72% | 3.49% | 3.45% | 2.44% | 5.07% | 4.37% | 5.53% | 5.35% |
| Other Income | 0.03 | 0.03 | 0.08 | 1.17 | 0.13 | 0.11 | 0.3 | 1.16 | 0.23 | 0.09 | 0.11 | 0.08 | 0.14 |
| Interest | 0.05 | 0.05 | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.03 | 0.38 | 0.39 |
| Depreciation | 0.38 | 0.38 | 0.4 | 0.4 | 0.39 | 0.41 | 0.42 | 0.42 | 0.43 | 0.44 | 0.44 | 0.47 | 0.45 |
| PBT | 0.52 | 0.52 | 1.7 | 2.83 | 1.57 | 0.74 | 2.05 | 3.28 | 1.25 | 2.74 | 3.68 | 3.4 | 2.36 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 22.94% | 28.81% |
| Net Profit | 0.51 | 0.51 | 1.7 | 2.83 | 1.56 | 0.74 | 2.05 | 3.28 | 1.25 | 2.74 | 3.68 | 2.62 | 1.68 |
| EPS (₹) | 1.27 | 1.27 | 4.24 | 6.14 | 3.38 | 1.61 | 4.09 | 6.55 | 2.5 | 4.02 | 5.4 | 3.85 | 2.47 |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 146 | 90 | 54 | 66 | 112 | 99 | 119 | 179 | 238 | 258 | 262 | 289 | 286 |
| Expenses | 139 | 95 | 65 | 70 | 118 | 105 | 119 | 171 | 231 | 253 | 254 | 276 | 272 |
| Operating Profit | 8 | −5 | −11 | −4 | −6 | −6 | 0 | 7 | 7 | 5 | 8 | 13 | 14 |
| OPM % | 5% | −5% | −21% | −7% | −5% | −7% | 0.1% | 4.2% | 3.1% | 1.9% | 2.9% | 4.4% | 5% |
| Other Income | 1 | 0 | 0 | 5 | 13 | 12 | −3 | 0 | 0 | 2 | 2 | 0 | 0 |
| Interest | 8 | 7 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 |
| PBT | 0 | −13 | −14 | −1 | 5 | 4 | −5 | 6 | 6 | 6 | 8 | 11 | 12 |
| Tax % | −80% | 0% | 0% | −91% | 0% | 0% | 1% | 0% | 0% | 0% | 0% | 7% | — |
| Net Profit | 1 | −13 | −14 | 0 | 5 | 4 | −5 | 6 | 6 | 6 | 8 | 10 | 11 |
| EPS (₹) | 1.35 | −33 | −33.8 | −0.32 | 12.75 | 8.93 | −11.75 | 15.77 | 14.82 | 12.06 | 15.25 | 15.11 | 15.74 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 5 | 5 | 7 |
| Reserves | 27 | 14 | 0 | 0 | 5 | 9 | 4 | 11 | 17 | 44 | 57 | 92 |
| Borrowings | 54 | 75 | 75 | 73 | 39 | 9 | 8 | 10 | 5 | 2 | 1 | 18 |
| Other Liabilities | 64 | 19 | 12 | 5 | 10 | 25 | 28 | 25 | 33 | 11 | 14 | 17 |
| Total Liabilities | 148 | 112 | 92 | 82 | 58 | 48 | 44 | 50 | 59 | 61 | 78 | 133 |
| Fixed Assets | 25 | 23 | 22 | 21 | 20 | 19 | 14 | 15 | 15 | 14 | 14 | 14 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 2 | 3 | 2 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 37 |
| Other Assets | 121 | 86 | 67 | 59 | 38 | 29 | 29 | 35 | 43 | 46 | 59 | 82 |
| Total Assets | 148 | 112 | 92 | 82 | 58 | 48 | 44 | 50 | 59 | 61 | 78 | 133 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 6 | −18 | −1 | 3 | 31 | 23 | 3 | 0 | 8 | −13 | 4 | −12 |
| Investing | −7 | 2 | 0 | 0 | 3 | 0 | 0 | −2 | −4 | 0 | −5 | −36 |
| Financing | 3 | 15 | −1 | −1 | −35 | −23 | −2 | 2 | −6 | 19 | 6 | 42 |
| Net Cash Flow | 2 | −2 | −2 | 2 | −2 | 0 | 1 | 1 | −1 | 5 | 4 | −6 |
| Free Cash Flow | −1 | −18 | −1 | 2 | 33 | 23 | 3 | −2 | 6 | −14 | 2 | −14 |
| CFO/OP | 81 | 395 | 10 | −64 | −516 | −355 | 2,164 | 6 | 118 | −267 | 45 | −96 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 212 | 171 | 237 | 129 | 35 | 35 | 33 | 21 | 27 | 32 | 32 | 25 |
| Inventory Days | 39 | 50 | 23 | 82 | 71 | 44 | 41 | 41 | 28 | 12 | 26 | 29 |
| Days Payable | 177 | 68 | 72 | 28 | 25 | 28 | 25 | 18 | 16 | 14 | 11 | 14 |
| Cash Conversion Cycle | 74 | 153 | 188 | 184 | 81 | 51 | 49 | 44 | 39 | 30 | 48 | 40 |
| Working Capital Days | 25 | −73 | −258 | −200 | −35 | −19 | −18 | 4 | 3 | 33 | 42 | 61 |
| ROCE % | 10% | −6% | −15% | −1% | −9% | −17% | −6% | 32% | 24% | 15% | 14% | 13% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Garg Furnace insights
62 extracted metrics across FY11–FY27.
Documents
Frequently Asked Questions about Garg Furnace
What does Garg Furnace Ltd do?
Incorporated in 1973, Garg Furnace Ltd does manufacturing and trading of Iron and Steel products
Where is Garg Furnace Ltd (GARGFUR) listed?
Garg Furnace Ltd trades under code 530615 on the BSE.
Which sector does Garg Furnace Ltd belong to?
Garg Furnace Ltd is classified under the Industrial Products sector, in the Iron & Steel Products industry.
What is the PE ratio of Garg Furnace Ltd?
Garg Furnace Ltd trades at a PE ratio of 11.74 as of 4 Nov 2026, on earnings per share of ₹15.74, against a book value of ₹145.44 per share.
What is the 52-week high and low of Garg Furnace Ltd?
Over the last 52 weeks Garg Furnace Ltd has traded between ₹108.65 and ₹255.5 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Garg Furnace Ltd?
Garg Furnace Ltd reported a return on equity of 12.80%. Its debt-to-equity ratio is 0.18.
Company Information
Incorporated in 1973, Garg Furnace Ltd does manufacturing and trading of Iron and Steel products
Website gargfurnace.com
Face Value ₹10
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