Ganga Forging Ltd (GANGAFORGE) Share Price & Fundamentals

What we do

Ganga Forging Limited manufactures closed die forged semi-finished products for automotive and non-automotive sectors including commercial vehicles and power transmission.

Founded in

1,988

Market share

Steady growth with increasing revenue, positioned as a key supplier in the forging industry.

Problem solved

Provides high-quality forged components to support automotive and heavy engineering manufacturing needs.

Top clients or who we serve

Supplies B2B customers across automotive OEMs, heavy engineering, agriculture machinery, and power transmission industries.

Key management

Hiralal M. Tilva (Chairman & Managing Director), Rakesh Patel (Managing Director), Sheetal Chaniara (Whole time Director)

Our journey and innovations

Founded in 1988, converted to public company in 2017, launched IPO in 2018, adopted solar energy, modernized machinery.

Where we operate

Primarily India with growing exports abroad.

Top products or what we offer

Closed die forged components for commercial vehicles, passenger cars, two/three wheelers, tractors, power transmission and heavy engineering.

Top brands

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Raw materials needed

Steel and metal alloys for forging process.

Raw materials supplier

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Recurring vs cyclical contribution

Revenue largely cyclical, aligned with automotive and industrial manufacturing cycles.

Our industry position

Growing player with increasing revenue and expanding market presence in both domestic and international markets.

Financial highlights

Revenue Rs. 432.2 Cr, PAT Rs. 6.13 Cr for FY 2024-25; revenue grew over 15% YoY and PAT by over 30%.

Geographical revenue split

Within India - 41.53 Cr (95%); Outside India - 2.05 Cr (5%) for FY 2024-25.

Order book

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Whats driving growth

Automotive sector demand, adoption of latest technology, solar energy initiatives, and export market expansion.

Our future plans

Focus on operational efficiency, modernization, solar power projects, and expanding export footprint.

Our green promise

Investing in solar energy for factory power to promote sustainability and energy conservation.

Our people and values

Committed to ethical business, strong governance, and maintaining a skilled workforce across 51 employees.

Key challenges ahead

Market cyclicality, raw material price volatility, regulatory compliance, and maintaining quality standards.

Interesting facts

Converted to public limited company in 2017, IPO raised Rs 5 Cr in 2018, no dividend policy to conserve resources.

Risks and strategy

Managing demand fluctuations, optimizing cost controls, and adhering to stringent quality and governance standards.