Garg Furnace Ltd

Garg Furnace Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Garg Furnace Ltd

₹ 298 4.45%
22 Nov - close price
gargfurnace.com BSE: 530615
About

Incorporated in 1973, Garg Furnace Ltd does manufacturing and trading of Iron and Steel products[1]

Key Points

Product Profile:[1][2]
Non-Alloy Steel round, Scrap/End Cutting, Unmatched Casting, Billets, M.S. Round,
Ingot, Wire Rod, etc.

Website BSE
  • Market Cap ₹ 161 Cr.
  • Current Price ₹ 298
  • High / Low ₹ 441 / 144
  • Stock P/E 23.6
  • Book Value ₹ 136
  • Dividend Yield 0.00 %
  • ROCE 17.3 %
  • ROE 18.3 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 23.4% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 30.0%

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -19.5%
  • Tax rate seems low

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
42.68 52.16 47.85 61.78 60.73 53.38 62.35 61.75 61.75 65.40 71.02 62.33 62.16
42.01 49.16 45.29 61.06 59.24 52.51 58.10 60.83 60.83 63.34 68.92 60.47 61.09
Operating Profit 0.67 3.00 2.56 0.72 1.49 0.87 4.25 0.92 0.92 2.06 2.10 1.86 1.07
OPM % 1.57% 5.75% 5.35% 1.17% 2.45% 1.63% 6.82% 1.49% 1.49% 3.15% 2.96% 2.98% 1.72%
0.08 0.03 0.29 0.04 0.06 0.06 0.04 0.03 0.03 0.08 1.17 0.13 0.11
Interest 0.06 0.05 0.04 0.04 0.03 0.04 0.06 0.05 0.05 0.04 0.04 0.03 0.03
Depreciation 0.34 0.34 0.33 0.34 0.34 0.36 0.38 0.38 0.38 0.40 0.40 0.39 0.41
Profit before tax 0.35 2.64 2.48 0.38 1.18 0.53 3.85 0.52 0.52 1.70 2.83 1.57 0.74
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.35 2.64 2.48 0.37 1.18 0.53 3.85 0.51 0.51 1.70 2.83 1.56 0.74
EPS in Rs 0.87 6.59 6.19 0.92 2.94 1.32 9.60 1.27 1.27 4.24 6.14 3.38 1.61
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
194 148 146 90 54 66 112 99 119 179 238 258 261
185 139 139 95 65 70 118 105 119 171 231 252 254
Operating Profit 9 9 8 -5 -11 -4 -6 -6 0 7 7 6 7
OPM % 4% 6% 5% -5% -21% -7% -5% -7% 0% 4% 3% 2% 3%
1 1 1 0 0 5 13 12 -3 0 0 1 1
Interest 6 8 8 7 1 1 1 1 0 0 0 0 0
Depreciation 1 1 1 1 1 1 1 1 1 1 1 2 2
Profit before tax 2 1 0 -13 -14 -1 5 4 -5 6 6 5 7
Tax % 54% 29% -80% 0% 0% -91% 0% 0% 1% 0% 0% 0%
1 1 1 -13 -14 -0 5 4 -5 6 6 5 7
EPS in Rs 2.32 2.34 1.35 -33.00 -33.80 -0.32 12.75 8.93 -11.75 15.77 14.82 11.63 15.37
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 6%
5 Years: 18%
3 Years: 29%
TTM: 9%
Compounded Profit Growth
10 Years: 20%
5 Years: 23%
3 Years: 75%
TTM: 26%
Stock Price CAGR
10 Years: 37%
5 Years: 89%
3 Years: 150%
1 Year: 96%
Return on Equity
10 Years: -15%
5 Years: 11%
3 Years: 30%
Last Year: 18%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 4 4 4 4 4 4 4 4 4 4 4 5 5
Reserves 26 27 27 14 0 0 5 9 4 11 17 33 58
43 43 54 75 75 73 39 9 8 10 5 1 1
36 37 64 19 12 5 10 25 28 25 33 21 15
Total Liabilities 109 111 148 112 92 82 58 48 44 50 59 61 79
15 15 25 23 22 21 20 19 14 15 15 14 14
CWIP 0 5 0 0 0 0 0 0 0 0 0 0 0
Investments 3 2 2 3 2 2 0 0 0 0 0 0 0
91 89 121 86 67 59 38 29 29 35 43 46 65
Total Assets 109 111 148 112 92 82 58 48 44 50 59 61 79

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2 11 6 -18 -1 3 31 23 3 0 8 -13
-2 -5 -7 2 0 -0 3 -0 -0 -2 -4 -0
2 -6 3 15 -1 -1 -35 -23 -2 2 -6 19
Net Cash Flow 2 -1 2 -2 -2 2 -2 -0 1 1 -1 5

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 114 139 212 171 237 129 35 35 33 21 27 32
Inventory Days 28 39 39 50 23 82 71 44 41 41 28 12
Days Payable 63 91 177 68 72 28 25 28 25 18 16 10
Cash Conversion Cycle 79 87 74 153 188 184 81 51 49 44 39 34
Working Capital Days 82 99 104 166 157 135 49 -18 -14 7 4 33
ROCE % 12% 12% 10% -6% -15% -1% -9% -17% -6% 32% 24% 17%

Shareholding Pattern

Numbers in percentages

38 Recently
Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Oct 2024
64.23% 64.23% 64.23% 64.23% 64.23% 64.23% 64.23% 64.23% 68.86% 68.89% 49.36% 56.85%
35.76% 35.76% 35.76% 35.76% 35.75% 35.75% 35.76% 35.76% 31.13% 31.11% 50.63% 43.15%
No. of Shareholders 1,5301,5301,6951,7881,9211,9701,9031,9282,0252,0622,7522,752

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