Ganga Forging Limited (GANGAFORGE) Fair Value & Analysis
Industrials · IN · Market cap ₹400M
Fair value as of: Aug 13, 2026
From 1 valuation models · updated 3 days ago
Fair value updated Aug 13, 2026, revised from ₹1.13 to ₹2.24 (+98.2%) since Aug 6, 2026. Share price +32.3% over the past month.
Below-average quality, and screening another 15% overvalued on our models.
What matters now
- A fairly wide model range (₹1.68 to ₹3.34) leaves room in how you read the outcome.
- Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range ₹1.67 – ₹22.70 · fair‑value band ₹1.68 – ₹3.34 · the ₹2.62 price screens above the ₹2.24 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Ganga Forging Limited (GANGAFORGE) currently trades at ₹2.62, while our model-based Fair Value estimate is ₹2.24, implying the stock looks roughly 14.5% overvalued today. The Quality Score stands at 13/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).
Over the trailing twelve months, Ganga Forging Limited generated revenue of ₹356M at a net margin of -10.3%. Revenue declined 23.9% year over year. It earns a return on equity of -12.0%. Net debt stands at ₹200M. Fundamentals as of Aug 13, 2026
Our scenario range runs from ₹1.68 (bear case) to ₹3.34 (bull case); at ₹2.62, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 37% below its 52-week high and 40% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -59% fair-value upside, at -15%, GANGAFORGE screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 1 models by family
Notify me when GANGAFORGE reaches fair value
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 18 · Market factors (momentum, volatility) 32
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Ganga Forging Limited manufactures and sells steel forging parts and machine components for automotive and non-automotive sectors in India.
Full company description
Ganga Forging Limited manufactures and sells steel forging parts and machine components for automotive and non-automotive sectors in India. It offers forged crankshafts, crankshaft single and double cylinders, straight and inclined connecting rods, forged and big yokes, trunnion-pins, spiders/crosses, forged trunnion shafts, forged flanges and clamps, and blind flanges, as well as socket clevises, anchor shackles, and dead-end pin electrical power transmission parts. The company also provides aluminum forging products. It serves clients in railways, construction equipment, agricultural machinery and equipment, earth moving and other industries. The company was incorporated in 1988 and is based in Rajkot, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Ganga Forging Limited reported revenue of ₹356M in FY2026 versus ₹288M in FY2022, a compound +5.4%/yr. Reported net income was −₹36.5M in FY2026.
of which total revenue +11.0 pp · buybacks/dilution −3.0 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
GANGAFORGE screens 15% overvalued. Compare with Carpenter Technology Corporation →
Peer Group
Metal Fabrication · 249 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Metal Fabrication median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Metal Fabrication stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Carpenter Technology Corporation CRS | $528.64 | $101.35 | -81% |
| ATI Inc ATI | $230.43 | $35.74 | -84% |
| Mueller Industries, Inc MLI | $68.28 | $59.33 | -13% |
| China International Marine Containers (Group) Co 000039 | ¥8.87 | ¥3.39 | -62% |
| JL Mag Rare-Earth Co 300748 | ¥27.08 | ¥8.34 | -69% |
| Ningbo Zhenyu Technology Co 300953 | ¥104.36 | ¥44.23 | -58% |
| Western Superconducting Technologies Co 688122 | ¥52.92 | ¥24.43 | -54% |
| Anhui Yingliu Electromechanical Co 603308 | ¥48.40 | ¥8.07 | -83% |
| Xiamen Voke Mold & Plastic Engineering Co 301196 | ¥86.20 | ¥42.71 | -50% |
| SINOMACH HEAVY EQUIPMENT GROUP CO.,LTD researches, 601399 | ¥3.32 | ¥1.35 | -59% |
Compare Ganga Forging Limited with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Industrials stocks →
Frequently asked questions
Is Ganga Forging Limited (GANGAFORGE) overvalued or undervalued?
What is the fair value of GANGAFORGE?
What is the quality score of GANGAFORGE?
What is the revenue of Ganga Forging Limited (GANGAFORGE)?
What is the net profit margin of GANGAFORGE?
How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
Track Ganga Forging Limited and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.