Grand Foundry
GFSTEELS NSE
Grand Foundry
Industrial ProductsNSE: GFSTEELS BSE: 513343 Iron & Steel Products
Key Fundamentals
MicrocapIron & Steel ProductsIndustrial ProductsMarket Cap
₹63.75 Cr
Volatility
High Risk
P/E Ratio
26.52
EBITDA
₹0.70 Cr
Return on Equity
-3.32%
Debt to Equity
0
Book Value
₹-1.79
52W High
₹19.96
52W Low
₹9.73
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Weaknesses
1- Company has high debtors of 431 days.
Growth Rate
Revenue Growth
—
Net Income Growth
-129% lower than
3Y
Cash Flow Change
—
ROE
-127% lower than
3Y
ROCE
968%
EBITDA Margin (Avg.)
-100% higher than
3Y
Quarterly Results
| 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 | 0 | 0 | 0 | 0.02 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.53 | 19.65 |
| Expenses | 0.05 | 0.07 | 0.07 | 0.07 | 0.12 | 0.06 | 0.05 | 0.08 | 0.05 | 0.19 | 0.11 | 9.45 | 17.43 |
| Operating Profit | -0.05 | -0.07 | -0.07 | -0.05 | -0.12 | -0.06 | -0.05 | -0.08 | -0.05 | -0.19 | -0.11 | 1.08 | 2.22 |
| OPM % | — | — | — | -250% | — | — | — | — | — | — | — | 10.26% | 11.3% |
| Other Income | 0 | 0.02 | 0 | 0 | 0 | 0 | 0 | 0.02 | 0 | 0 | 0 | 0 | 0.03 |
| Interest | 0 | 0.17 | 0.09 | 0.08 | 0.09 | 0.1 | 0.1 | 0.1 | 0.1 | 0.13 | 0.13 | 0.19 | 0.14 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | -0.05 | -0.22 | -0.16 | -0.13 | -0.21 | -0.16 | -0.15 | -0.16 | -0.15 | -0.32 | -0.24 | 0.89 | 2.11 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | -0.05 | -0.22 | -0.16 | -0.13 | -0.21 | -0.16 | -0.15 | -0.16 | -0.15 | -0.32 | -0.24 | 0.89 | 2.11 |
| EPS in Rs | -0.02 | -0.07 | -0.05 | -0.04 | -0.07 | -0.05 | -0.05 | -0.05 | -0.05 | -0.11 | -0.08 | 0.29 | 0.69 |
Profit & Loss
| 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 | 1.04 | 2.24 | 2.47 | 13.12 | 25.57 | 6.88 | 1.06 | 0 | 0.1 | 0 | 0 | 10.53 | 30.18 |
| Expenses | 1.04 | 3.35 | 2.1 | 15.04 | 26.63 | 9.62 | 1.2 | 0.2 | 0.46 | 0.21 | 0.31 | 9.79 | 27.18 |
| Operating Profit | 0 | -1.11 | 0.37 | -1.92 | -1.06 | -2.74 | -0.14 | -0.2 | -0.36 | -0.21 | -0.31 | 0.74 | 3 |
| OPM % | 0% | -49.55% | 14.98% | -14.63% | -4.15% | -39.83% | -13.21% | — | -360% | — | — | 7.03% | 9.94% |
| Other Income | -0.03 | 0.15 | 0.12 | 0.87 | 0.12 | 0.46 | 0 | 0.02 | -0.57 | -0.02 | 0.02 | 0 | 0.03 |
| Interest | 0.27 | 0.18 | 0.19 | 0.23 | 0.26 | 0.02 | 0 | 0 | 0.18 | 0.34 | 0.39 | 0.56 | 0.59 |
| Depreciation | 0.22 | 0.2 | 0.16 | 0.09 | 0.08 | 0.05 | 0.04 | 0.03 | 0 | 0 | 0 | 0 | 0 |
| PBT | -0.52 | -1.34 | 0.14 | -1.37 | -1.28 | -2.35 | -0.18 | -0.21 | -1.11 | -0.57 | -0.68 | 0.18 | 2.44 |
| Tax % | 346.15% | 0% | -357.14% | -96.35% | 82.03% | -12.77% | 16.67% | 0% | 0% | 0% | 0% | 0% | — |
| Net Profit | -2.32 | -1.34 | 0.64 | -0.05 | -2.33 | -2.04 | -0.21 | -0.21 | -1.11 | -0.57 | -0.68 | 0.18 | 2.44 |
| EPS in Rs | — | -1.28 | 0.61 | -0.05 | -2.23 | -0.67 | -0.07 | -0.07 | -0.36 | -0.19 | -0.22 | 0.06 | 0.79 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| 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 | 10.43 | 4.17 | 4.17 | 4.17 | 4.17 | 12.17 | 12.17 | 12.17 | 12.17 | 12.17 | 12.17 | 12.17 |
| Reserves | -16.18 | -11.26 | -10.61 | -10.66 | -13 | -15.04 | -15.24 | -15.46 | -16.56 | -17.13 | -17.81 | -17.63 |
| Borrowings | 8.24 | 8.2 | 10.69 | 8.92 | 8.1 | 0 | 0.43 | 0 | 4.36 | 4.89 | 5.58 | 6.79 |
| Other Liabilities | 2.38 | 3.43 | 5.19 | 6.33 | 6.5 | 5.48 | 4.42 | 4.09 | 0.07 | 0.1 | 0.07 | 12.04 |
| Total Liabilities | 4.87 | 4.54 | 9.44 | 8.76 | 5.77 | 2.61 | 1.78 | 0.8 | 0.04 | 0.03 | 0.01 | 13.37 |
| Fixed Assets | 4.69 | 4.49 | 3.75 | 3.59 | 3.51 | 0.13 | 0.1 | 0.06 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 0.18 | 0.05 | 5.69 | 5.17 | 2.26 | 2.48 | 1.68 | 0.74 | 0.04 | 0.03 | 0.01 | 13.37 |
| Total Assets | 4.87 | 4.54 | 9.44 | 8.76 | 5.77 | 2.61 | 1.78 | 0.8 | 0.04 | 0.03 | 0.01 | 13.37 |
Cash Flow
| 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 | 0.27 | 0.22 | -2.35 | 2.54 | -0.43 | -1.87 | -0.69 | 0.76 | -4.4 | -0.54 | -0.7 | -0.55 |
| Investing | -0.09 | 0 | 0.57 | 0.04 | 0 | 3.45 | 0 | -3.04 | 0.06 | 0 | 0 | 0 |
| Financing | -0.22 | -0.22 | 1.78 | -2.55 | 0.42 | -1.6 | 0.7 | 2.28 | 4.33 | 0.54 | 0.69 | 0.65 |
| Net Cash Flow | -0.04 | 0 | 0 | 0.03 | -0.01 | -0.02 | 0.01 | 0 | -0.02 | 0 | 0 | 0.1 |
| Free Cash Flow | 0.18 | 0.22 | -1.78 | 2.58 | -0.43 | 1.58 | -0.69 | 0.76 | -4.34 | -0.54 | -0.7 | -0.55 |
| CFO/OP | — | -20 | -773 | -64 | 41 | 68 | 493 | -380 | 1,222 | 257 | 226 | -74 |
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 | 38.61 | 0 | 197 | 111 | 21.98 | 119 | 520 | — | 0 | — | — | 431 |
| Inventory Days | 0 | 0 | 1,804 | 0 | 4.36 | 0 | 0 | — | 0 | 0 | — | — |
| Days Payable | — | — | 1,512 | — | 62.64 | — | — | — | — | — | — | — |
| Cash Conversion Cycle | 38.61 | 0 | 489 | 111 | -36.29 | 119 | 520 | — | 0 | — | — | 431 |
| Working Capital Days | -400 | -376 | 155 | -54.81 | -39.4 | -160 | -847 | — | -16,024 | — | — | 42.98 |
| ROCE % | -5.52% | -61.67% | 12.69% | -58.38% | -117.65% | — | — | — | — | — | — | 116.54% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Grand Foundry insights
59 extracted metrics + investor summaries across FY09–FY26.
Documents
1
Board Meeting Outcome for Pursuant To Regulation 30 Of The SEBI (LODR) Regulations, 2015 - Acquisition Of 62.01% Equity Shares Of Tikona Infinet Private Limited ('Target Company')
12 Sep - Board approved acquisition of 62.01% of Tikona Infinet for ₹99.22 crore, target completion by March 31, 2027. 12 Sep - Board approved acquisition of 62.01% of Tikona Infinet for ₹99.22 crore, target completion by March 31, 2027.
2
Pior Intimation Of Meeting Of The Board Pursuant To Regulation 29 (1) Read With Regulation 29(2) Of SEBI (Listing Obligations And Disclosures Requirements) Regulations, 2015, To Be Held On Thursday, September 17,2026
12 Sep - Board to meet Sept 17, 2026 to consider NCD issuance and equity fundraising for Tikona Infinet acquisition. 12 Sep - Board to meet Sept 17, 2026 to consider NCD issuance and equity fundraising for Tikona Infinet acquisition.
3
Announcement under Regulation 30 (LODR)-Change of Company Name
11 Sep - ROC approved name change to Tikona Communication Limited effective September 11, 2026. 11 Sep - ROC approved name change to Tikona Communication Limited effective September 11, 2026.
4
Announcement under Regulation 30 (LODR)-Press Release / Media Release
8 May - Unaudited standalone results for quarter and year ended March 31, 2026 published on May 8, 2026. 8 May - Unaudited standalone results for quarter and year ended March 31, 2026 published on May 8, 2026.
5
Board Meeting Outcome for Outcome Of The Board Meeting
7 May - Board approved audited FY26 results; auditors issued unmodified opinion; trading window opens May 10, 2026. 7 May - Board approved audited FY26 results; auditors issued unmodified opinion; trading window opens May 10, 2026.
Frequently Asked Questions about Grand Foundry
What does Grand Foundry Ltd do?
Incorporated in 1973, Grand Foundry Ltd is engaged in the business of telecom and communication equipment.[1]
Where is Grand Foundry Ltd (GFSTEELS) listed?
Grand Foundry Ltd trades as GFSTEELS on the NSE and under code 513343 on the BSE.
Which sector does Grand Foundry Ltd belong to?
Grand Foundry Ltd is classified under the Industrial Products sector, in the Iron & Steel Products industry.
What is the market capitalisation of Grand Foundry Ltd?
Grand Foundry Ltd has a market capitalisation of ₹63.75 Cr, which places it in the Small Cap band.
What is the PE ratio of Grand Foundry Ltd?
Grand Foundry Ltd trades at a PE ratio of 26.52, against a book value of ₹-1.79 per share.
What is the 52-week high and low of Grand Foundry Ltd?
Over the last 52 weeks Grand Foundry Ltd has traded between ₹9.73 and ₹19.96.
What is the Return on Equity (ROE) of Grand Foundry Ltd?
Grand Foundry Ltd reported a return on equity of -3.32%. Its debt-to-equity ratio is 0.00.
Company Information
Incorporated in 1973, Grand Foundry Ltd is engaged in the business of telecom and communication equipment.[1]
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