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GARG FURNACE LTD.

Capital Goods › Industrial Products
₹179.00
at close · 28 Oct 2026
▼ 3.75 (-2.05%)

Latest filings

  1. Board allots 13.98 lakh convertible warrants at Rs 126.50 each to promoters and others · Fund Raising
  2. Routine SEBI compliance certificate for Q2 FY26 dematerialization · Compliance
  3. Trading window closed from Oct 1 for Q2 results · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Produces value-added steel grades used in automotive, agri-machinery, and industrial applications from a base in Ludhiana, Punjab, operating at 100% capacity utilization as of Q2 FY26. Consolidated FY26 revenue stood at Rs 29,460.97 lakh, with profit after tax of Rs 1,059.01 lakh and an EBITDA margin of 4.67%, making it a small-scale steelmaker by industry standards. In August 2025 the company acquired a 51.22% stake in Vaneera Industries Limited, now a subsidiary that is setting up a new alloy steel facility to broaden the product mix; FY26 was the first year of consolidation. The product strategy emphasises chemistry-led innovation in value-added grades rather than commodity steel. Quarterly performance swung sharply — Q3 FY26 standalone revenue rose ~47% YoY to Rs 9,239 lakh with PAT up ~79% YoY to Rs 367.82 lakh — while operating cash flow was negative for the year at Rs -3,503.47 lakh on a consolidated basis.

Operating scale
Capacity utilisation
100%Q2 FY26
Subsidiary stake acquired
51.22% in Vaneera Industries LimitedAugust 2025
Subsidiary expansion
New alloy steel facility being set upFY26
Q3 FY26 standalone revenue (YoY change)
Up ~47% to Rs 9,239.14 lakhQ3 FY26
FY26 consolidated revenue
Rs 29,460.97 lakhFY26
FY26 consolidated operating cash flow
Rs -3,503.47 lakhFY26
Who pays it
Automotive, agri-machinery and industrial goods manufacturers
Biggest cost
Materials at 53.8% of revenue, the dominant input cost
Kind of business
Small-cap, asset-heavy steel manufacturer focused on value-added grades
Where it sits
BSE-listed Iron & Steel Products company with consolidated FY26 revenue of Rs 294.61 crore
Market Cap
₹122 Cr
P / E (TTM)
—
EV / EBITDA
—
Div Yield
—
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
8.3%·
ROCE (FY26)
ROE 8.1% · margin 4.7%
Leverage
0.13·
Debt / Equity · low
Net debt ₹14 Cr
Moves on a normal day
1.92%·
Median daily move
Last 266 sessions · the yardstick for filing-day moves
Where it sits among 123 Iron & Steel Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#37/105
P/B#30/101
ROCE#61/115
ROE#55/103
Debt / Equity#43/101
EBITDA margin#70/100

Scorecard

Measured from the filed financials, judged against its Iron & Steel Products peers · as of FY26 — not investment advice

Not enough history to assess.

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Peers

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Financials

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Ownership

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Common questions

Answered from GARG FURNACE LTD.'s filed financials and exchange disclosures

What does GARG FURNACE LTD. do?

GARG FURNACE LTD. is a Industrial Products company listed on BSE.

Does GARG FURNACE LTD. pay a dividend?

Not in the latest reported year — GARG FURNACE LTD.'s dividend payout for FY26 was nil.

Is GARG FURNACE LTD. debt-free?

No. It reported borrowings of ₹18 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹14 Cr after cash. Debt stands at 0.13× equity. That is lower than 58% of its 101 Iron & Steel Products peers.

How much does the GARG FURNACE LTD. share price move in a day?

On a typical session GARG FURNACE LTD. moves 1.92% — that is the median absolute close-to-close move across its last 266 trading days. MarketPing measures each filing's price reaction against it.

Where can I track GARG FURNACE LTD.'s announcements?

Every NSE and BSE filing by GARG FURNACE LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.