Garg Furnace Ltd (GARGFUR)

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Garg Furnace Ltd (GARGFUR) · mywealthgrid

About

Garg Furnace Ltd operates in Iron & Steel Products within the Industrials sector.

Face value: ₹10

Market cap

₹115 Cr

P/E

15.1×

P/B

1.2×

Dividend yield

ROE

12.8%

ROCE

13.1%

Debt / equity

0.18

OPM

4.4%

EPS (TTM)

₹15.3

Book value

₹197.7

52-week high

—

52-week low

—

1,563 historical price candles were omitted because the exchange source has not been verified.

₹230.2-5.6%1Y

Quick read

rule-based

Pros

+Profit CAGR of 20.1% over the last 3 years
+Revenue CAGR of 19.4% over the last 5 years
+Comfortable interest coverage of 25.6×

Cons

−Thin operating margin of 4.4%

Research score

Structured signal from quality, growth, valuation and momentum.

58/100

Business quality: 50
Growth: 46
Valuation: 77

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	90	54	66	112	99	119	179	238	258	262	289
COGS	-80	-42	-49	-88	-88	100	150	-205	224	223	247
Gross profit	—	—	—	—	—	19	29	—	34	39	42
	175	108	119	199	193	19	21	436	28	31	29
	-5	-12	-4	1	-7	0	7	7	6	8	13
OPM %	-5.6%	-21.8%	-6.8%	0.9%	-6.7%	0.1%	4.2%	3.1%	2.3%	2.9%	4.4%
Depreciation	1	—	1	1	1	1	1	1	2	2	2
Interest	7	1	1	1	1	0	0	0	0	0	0
	1	0	—	2	2	-3	0	0	1	2	1
Profit before tax	-13	-14	-1	5	4	-5	6	6	6	8	11
Tax	—	—	—	—	—	0	0	—	0	0	1
Tax %	—	—	—	—	—	1.3%	0%	—	0%	0%	7.1%
	-12	-14	1	5	4	-5	6	6	6	8	10
PAT margin %	-13.2%	-25.3%	1.7%	4.6%	3.6%	-3.9%	3.5%	2.5%	2.2%	2.9%	3.6%
EPS (₹)	—	-33.8	2.9	12.7	9.6	-11.7	—	14.8	13.8	15.9	16.4
EPS adjusted (₹)	—	—	—	—	8.9	-11.7	15.8	14.8	12.1	15.3	15.1
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	4	4	4	4	5	5	7
Reserves	9	4	11	17	44	57	92
	8	8	10	5	1	1	18
	26	28	25	33	11	14	17
Total equity & liabilities	48	44	50	59	61	78	133
	19	14	15	15	14	14	14
CWIP	—	—	—	0	0	0	0
Investments	0	0	0	0	0	4	37
	29	29	35	44	46	59	82
Total assets	48	44	50	59	61	78	133

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	16.2%	16%	—	13.1%	14.8%	14.5%
EBITDA margin %	0.9%	-6.7%	0.1%	4.2%	3.1%	2.3%	2.9%	4.4%
EBIT margin %	-0.3%	-8%	-1.2%	3.4%	2.5%	1.7%	2.3%	3.8%
PAT margin %	4.6%	3.6%	-3.9%	3.5%	2.5%	2.2%	2.9%	3.6%
Working capital
Receivable days	—	45	33	21	29	32	32	25
Inventory days	—	37	41	41	24	12	26	29
Payable days	—	—	25	18	—	10	12	14
NWC days	—	—	49	44	—	34	47	40
Leverage
Current ratio	—	0.81	0.85	1.17	1.16	3.98	3.91	3.72
Debt to EBITDA	—	—	77.7	1.37	0.65	0.25	0.18	1.37
Debt to equity	—	0.62	0.92	0.7	0.23	0.03	0.02	0.18
Interest coverage	2.3	-5.5	-3.3	29.8	38.1	31.9	70.4	25.6
Asset turnover	—	2.06	2.72	3.58	4.05	4.23	3.36	2.17
Return ratios
Return on assets %	—	7.5%	-10.7%	12.7%	10.1%	9.1%	9.8%	7.7%
Return on capital employed %	—	-28.9%	-6.2%	33.3%	24.9%	15.3%	13.6%	13.1%
Return on equity %	—	27.1%	-55.4%	42.9%	28.7%	11.4%	12.3%	10.4%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	64.23%	64.23%	68.86%	68.89%	56.85%	56.85%	53.41%	53.41%	53.41%	53.41%	53.41%	56.91%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	35.77%	35.77%	31.14%	31.11%	43.15%	43.15%	46.59%	46.59%	46.59%	46.59%	46.59%	43.09%
No. of shareholders	—	—	—	—	—	—	—	—	3,216	3,207	3,121	3,116

Promoter holding down 7.32 percentage points since Sep 2023.

51 deals · 8 Jun 2023 – 30 Jul 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
30 Jul 2026	PREMIER LOOMS MANUFACTURE RS PVT LTD .	Bulk	BSE	Sell	36,328	₹138.22	₹0.50 Cr
30 Jul 2026	BLP EQUITY RESEARCH PRIVATE LIMITED`	Bulk	BSE	Buy	25,202	₹138.54	₹0.35 Cr
15 Apr 2025	ROOPSI AGARWAL	Bulk	BSE	Buy	25,000	₹184.50	₹0.46 Cr
15 Apr 2025	SAKET AGARWAL	Bulk	BSE	Sell	25,000	₹184.50	₹0.46 Cr
24 Mar 2025	PREMIER LOOMS MANUFACTURE RS PVT LTD .	Bulk	BSE	Sell	25,000	₹193.00	₹0.48 Cr
24 Mar 2025	ASHISH MULCHANDBHAI AMIN	Bulk	BSE	Buy	25,000	₹193.00	₹0.48 Cr
11 Mar 2025	PREMIER LOOMS MANUFACTURE RS PVT LTD .	Bulk	BSE	Buy	25,000	₹197.00	₹0.49 Cr
11 Mar 2025	ASHISH MULCHANDBHAI AMIN	Bulk	BSE	Sell	25,000	₹197.00	₹0.49 Cr
5 Mar 2025	PREMIER LOOMS MANUFACTURE RS PVT LTD .	Bulk	BSE	Sell	50,000	₹193.05	₹0.97 Cr
5 Mar 2025	ASHISH MULCHANDBHAI AMIN	Bulk	BSE	Buy	25,000	₹193.00	₹0.48 Cr

1–10 of 51

1 / 6

Mr. DEVINDER GARGExecutive Director-Chairperson-MD
Mrs. VANEERA GARGExecutive Director
Mrs. AMANDEEP KAURNon-Executive - Independent Director
Mr. TOSHAK GARGExecutive Director-MD
Mrs. SHRUTI GUPTANon-Executive - Independent Director
Mrs. MEHAK JAINNon-Executive - Independent Director
Mrs. Supreena TagraCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Garg Furnace Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

2

Board meeting to consider results14 Aug 2026
Board meeting to consider results31 Jul 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

17 announcementsExport CSV

10 Sept 2026, 9:49 pmCompany Update

Announcement under Regulation 30 (LODR)-Investor Presentation

Investor Presentation PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	16.2%	16%	—	13.1%	14.8%	14.5%
EBITDA margin %	0.9%	-6.7%	0.1%	4.2%	3.1%	2.3%	2.9%	4.4%
EBIT margin %	-0.3%	-8%	-1.2%	3.4%	2.5%	1.7%	2.3%	3.8%
PAT margin %	4.6%	3.6%	-3.9%	3.5%	2.5%	2.2%	2.9%	3.6%
Working capital
Receivable days	—	45	33	21	29	32	32	25
Inventory days	—	37	41	41	24	12	26	29
Payable days	—	—	25	18	—	10	12	14
NWC days	—	—	49	44	—	34	47	40
Leverage
Current ratio	—	0.81	0.85	1.17	1.16	3.98	3.91	3.72
Debt to EBITDA	—	—	77.7	1.37	0.65	0.25	0.18	1.37
Debt to equity	—	0.62	0.92	0.7	0.23	0.03	0.02	0.18
Interest coverage	2.3	-5.5	-3.3	29.8	38.1	31.9	70.4	25.6
Asset turnover	—	2.06	2.72	3.58	4.05	4.23	3.36	2.17
Return ratios
Return on assets %	—	7.5%	-10.7%	12.7%	10.1%	9.1%	9.8%	7.7%
Return on capital employed %	—	-28.9%	-6.2%	33.3%	24.9%	15.3%	13.6%	13.1%
Return on equity %	—	27.1%	-55.4%	42.9%	28.7%	11.4%	12.3%	10.4%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Welspun Corp LimitedWELCORPWELCORP	₹68,741 Cr	₹70,904 Cr	₹17,300 Cr	₹2,403 Cr	13.3%	₹2,309 Cr	9.7%	19.2%	19.4%	85
Apl Apollo Tubes LimitedAPLAPOLLOAPLAPOLLO	₹58,753 Cr	₹59,205 Cr	₹22,897 Cr	₹1,841 Cr	7.8%	₹1,229 Cr	5.2%	30.8%	25.3%	-12
Shyam Metalics And Energy LimitedSHYAMMETLSHYAMMETL	₹29,244 Cr	₹30,225 Cr	₹19,574 Cr	₹2,519 Cr	12.6%	₹860 Cr	5.7%	13.5%	9.7%	8
Ratnamani Metals & Tubes LimitedRATNAMANIRATNAMANI	₹18,362 Cr	₹18,666 Cr	₹4,314 Cr	₹732 Cr	16.9%	₹433 Cr	11.9%	17.8%	12.5%	210
Jindal Saw LimitedJINDALSAWJINDALSAW	₹17,286 Cr	₹21,976 Cr	₹18,263 Cr	₹1,941 Cr	12.4%	₹653 Cr	5.2%	11.4%	8.1%	159
Usha Martin LimitedUSHAMARTUSHAMART	₹14,982 Cr	₹15,128 Cr	₹3,837 Cr	₹768 Cr	19.1%	₹507 Cr	12.6%	20%	15.4%	190
Godawari Power And Ispat LimitedGPILGPIL	₹14,517 Cr	₹14,943 Cr	₹5,808 Cr	₹1,263 Cr	23.3%	₹808 Cr	14.9%	20.1%	14.9%	73
Gallantt Ispat LimitedGALLANTTGALLANTT	₹12,793 Cr	₹13,340 Cr	₹4,437 Cr	₹655 Cr	16.2%	₹436 Cr	11%	19.2%	15.7%	58
Maharashtra Seamless LimitedMAHSEAMLESMAHSEAMLES	₹9,363 Cr	₹9,377 Cr	₹4,620 Cr	₹696 Cr	14.6%	₹737 Cr	15%	13.6%	10.6%	153
Jayaswal Neco Industries LimitedJAYNECOINDJAYNECOIND	₹8,863 Cr	₹10,960 Cr	₹7,589 Cr	₹1,409 Cr	18.6%	₹564 Cr	6.5%	22.9%	17.8%	151
Sunflag Iron And Steel Company LimitedSUNFLAGSUNFLAG	₹7,812 Cr	₹8,286 Cr	₹3,995 Cr	₹476 Cr	12.1%	₹206 Cr	5.1%	3.8%	2.3%	95
Man Industries (India) LimitedMANINDSMANINDS	₹6,912 Cr	₹7,411 Cr	₹3,875 Cr	₹532 Cr	12.3%	₹204 Cr	4.8%	18.4%	9.2%	114

Date	Category	Subject	Filing
10 Sept 2026, 9:49 pm	Company Update Investor Presentation	Announcement under Regulation 30 (LODR)-Investor Presentation	PDF
1 Sept 2026, 7:44 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
31 Aug 2026, 10:39 pm	Company Update General	Clarification Letter Price Movement	PDF
29 Aug 2026, 4:18 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
28 Aug 2026, 6:07 pm	Company Update Clarification	Clarification sought from Garg Furnace Ltd	—
25 Aug 2026, 3:50 pm	Company Update Press Release / Media Release	Announcement under Regulation 30 (LODR)-Press Release / Media Release	PDF
19 Aug 2026, 10:49 pm	AGM/EGM AGM	Corrigendum Notice Of AGM Dated August 29, 2026	PDF
19 Aug 2026, 10:47 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	3	0	8	-13	4	-12
	-0	-2	-4	-0	-5	-36
	-2	2	-6	19	6	42
Net cash flow	1	1	-1	5	4	-6
Free cash flow	3	-2	6	-14	2	-14
CFO / Operating profit %	—	3.4%	115.8%	-223.9%	49.5%	-96.1%

Garg Furnace Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

2

Announcements

Not in the F&O segment

No fund holdings on record

2

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Return on equity

Garg Furnace Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Board meetings2

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Board meetings2

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

2

2