Garg Furnace Ltd.

BSE: GARGFUR530615ISIN INE194E01015

Industrials
Iron & Steel Products

Share price

₹184.80+2.00 (+1.09%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹255.50
52W low: ₹108.65
Off 52W high: -27.67%
1M return: -15.77%
3M return: +40.91%
6M return: +29.05%
1Y return: +16.41%
20D avg volume: 5,839
50 DMA: ₹189.59
200 DMA: ₹146.69

Key ratios Consolidated

Market cap: ₹125.82 Cr
Current price: ₹184.80
52W high / low: ₹255.50 / ₹108.65
Face value: ₹10.00
P/E: 11.33
P/B: 1.27
EPS (TTM): ₹16.31
Book value / share: ₹145.44
ROE: —
ROCE: 8.30%
Operating margin: —
Net margin: —
Debt / equity: 0.13
Net debt: ₹13.71 Cr
Interest cover: 26.51
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 39.9 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q4 FY25
Income statement
	59.16	78.48	94.24	61.73	—
	0.13	0.09	0.10	0.10	—
	59.29	78.57	94.34	61.83	—
	56.81	75.14	90.41	58.96	—
	42.79	34.44	49.35	38.37	—
	6.07	35.08	28.04	17.79	—
	0.64	0.88	0.68	0.64	—
	0.39	0.38	0.03	0.02	—
	0.48	0.49	0.47	0.45	—
	6.82	7.42	6.53	6.98	—
	2.48	3.43	3.93	2.87	—
	0.00	0.00	0.00	0.00	—
	2.48	3.43	3.93	2.87	—
	0.71	0.78	0.07	0.04	—
	1.77	2.65	3.86	2.83	—
	2.53	4.20	6.15	4.83	—
Key metrics
	3.35	4.30	4.43	3.34	—
	5.70%	5.50%	4.70%	5.40%	—
	3.00%	3.40%	4.10%	4.60%	—
	—	2.60%	—	2.30%	—

Metric	TTM	FY26	FY25
Income statement
	293.61	294.61	—
	0.42	0.51	—
	294.03	295.12	—
	281.32	283.64	—
	164.95	158.51	—
	86.98	98.65	—
	2.84	2.82	—
	0.82	0.45	—
	1.89	1.84	—
	27.75	27.14	—
	12.71	11.48	—
	0.00	0.00	—
	12.71	11.48	—
	1.60	0.89	—
	11.11	10.59	—
	17.71	16.60	—
Key metrics
	15.42	13.77	—
	5.25%	4.70%	—
	3.78%	3.60%	—
	—	8.30%	—
	—	-48.83	—
	—	-1.30	—
	—	0.13	—
	—	13.71	—
	—	39.9	—
Balance sheet
	—	164.70	—
	—	83.28	—
	—	3.89	—
	—	23.53	—
	—	19.88	—
	—	29.90	—
	—	30.01	—
	—	11.23	—
	—	20.40	—
	—	17.60	—
	—	5.04	—
	—	12.56	—
	—	131.10	—
Cash flow
	—	-13.80	—
	—	-72.10	—
	—	75.81	—
	—	35.03	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	57.18	75.37	92.39	61.38	60.15	74.16	62.97	62.16	62.33	—
	0.14	0.08	0.11	0.09	0.23	1.16	0.30	0.11	0.13	—
	57.32	75.45	92.50	61.47	60.38	75.32	63.27	62.27	62.45	—
	54.96	72.05	88.82	58.73	59.13	72.04	61.22	61.53	60.89	—
	42.79	34.44	49.35	38.37	36.35	44.03	45.13	41.28	46.61	—
	4.24	32.17	26.69	17.79	17.74	17.01	12.27	11.38	13.27	—
	0.51	0.54	0.55	0.59	0.62	0.63	0.53	0.53	0.48	—
	0.39	0.38	0.03	0.02	0.02	0.02	0.03	0.03	0.03	—
	0.45	0.47	0.44	0.44	0.43	0.42	0.42	0.41	0.39	—
	6.76	7.30	6.47	6.96	6.21	7.63	7.41	7.23	6.50	—
	2.36	3.40	3.68	2.74	1.25	3.28	2.05	0.74	1.56	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	2.36	3.40	3.68	2.74	1.25	3.28	2.05	0.74	1.56	—
	0.68	0.78	0.00	0.00	0.00	0.00	—	—	—	—
	1.68	2.62	3.68	2.74	1.25	3.28	2.05	0.74	1.56	—
	2.47	4.17	6.01	4.75	2.49	6.56	4.21	1.60	3.39	—
Key metrics
	3.20	4.25	4.15	3.20	1.70	3.72	2.50	1.18	1.98	—
	5.60%	5.60%	4.50%	5.20%	2.80%	5.00%	4.00%	1.90%	3.20%	—
	2.90%	3.50%	4.00%	4.50%	2.10%	4.40%	3.30%	1.20%	2.50%	—
	—	3.40%	—	2.90%	—	5.20%	—	—	—	—
	-4.90%	1.60%	46.70%	-1.30%	-3.50%	—	—	—	—	—
	34.40%	-20.10%	79.50%	270.30%	-19.90%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	286.32	289.30	261.62	—
	0.42	0.50	1.70	—
	286.74	289.80	263.32	—
	274.56	278.73	255.68	—
	164.95	158.51	177.06	—
	80.89	94.39	53.93	—
	2.19	2.29	2.17	—
	0.82	0.45	0.11	—
	1.80	1.78	1.64	—
	27.49	26.94	28.77	—
	12.18	11.07	7.64	—
	0.00	0.00	0.00	—
	12.18	11.07	7.64	—
	1.46	0.78	0.00	—
	10.72	10.29	7.64	—
	17.40	16.36	15.88	—
Key metrics
	14.80	13.30	9.39	—
	5.17%	4.60%	3.60%	—
	3.74%	3.60%	2.90%	—
	—	10.30%	12.20%	—
	10.36%	10.60%	—	—
	46.45%	34.70%	—	—
	—	-13.79	1.77	—
	—	-1.20	0.50	—
	—	0.18	0.02	—
	—	14.02	-8.57	—
	—	37.6	45.1	—
Balance sheet
	—	133.32	77.92	—
	—	78.44	55.47	—
	—	3.50	9.97	—
	—	19.78	23.22	—
	—	19.58	16.17	—
	—	29.83	2.71	—
	—	14.17	14.45	—
	—	9.62	7.09	—
	—	21.10	14.20	—
	—	17.52	1.40	—
	—	5.04	0.10	—
	—	12.48	1.30	—
	—	98.87	62.25	—
Cash flow
	—	-12.30	3.80	—
	—	-36.17	-5.42	—
	—	41.99	5.62	—
	—	1.49	2.03	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +10.36%
Profit YoY (TTM): +46.45%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 12 Oct 2026

Promoter holding: 56.91%

Quarter	12 Oct 2026	September 2026	June 2026
Promoter %	56.91%	56.91%	56.91%

Holder	Type	Holding	Previous	Change
VANEERA GARG	Promoter	25.97%	25.97%	0.00%
DAVINDER GARG	Promoter	12.55%	12.55%	0.00%
TOSHAK GARG	Promoter	9.06%	9.06%	0.00%
DAKSH GARG	Promoter	8.97%	8.97%	0.00%
BGP 11 ANALYTICS PRIVATE LIMITED	Public	4.41%	4.41%	0.00%
SANGEETA PAREEKH	Public	4.41%	4.41%	0.00%
SECUROCROP SECURITIES INDIA PRIVATE LIMITED	Public	4.41%	4.41%	0.00%
SAKET AGARWAL	Public	2.13%	2.13%	0.00%
DAVINDER GARG AND SONS	Promoter	0.35%	0.35%	0.00%
AMARPREET SINGH THUKRAL	Promoter	0.01%	0.01%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Welspun Corp Limited	63,062	2,390.60	26.60	16.70%	+13.62% TTM	+9.55% TTM	+158.46%
APL Apollo Tubes Limited	61,038	2,198.30	46.60	28.20%	+15.83% TTM	+24.90% TTM	+23.52%
Shyam Metalics and Energy Limited S	34,361	1,231.00	58.56	12.00%	+6.12% TTM	+12.47% TTM	+38.81%
Ratnamani Metals & Tubes Ltd	17,199	2,453.80	33.44	16.30%	-16.31% TTM	-8.61% TTM	+0.53%
Jindal Saw Ltd.	16,202	253.35	32.58	10.80%	-0.73% TTM	-55.61% TTM	+48.64%
Usha Martin Ltd.	14,798	485.60	29.16	18.20%	+8.54% TTM	+25.85% TTM	+2.31%
GODAWARI POWER AND ISPAT LTD.	13,845	205.65	17.14	17.90%	+8.43% TTM	+8.78% TTM	-26.21%
GALLANTT ISPAT LIMITED	12,753	528.55	31.30	18.00%	+5.52% TTM	-17.31% TTM	-5.83%
Jayaswal Neco Industries Ltd S	8,906	91.72	12.94	24.20%	+18.34% TTM	+82.81% TTM	+21.19%
Aeroflex Industries Limited	7,504	567.10	83.87	16.50%	+55.03% TTM	+87.04% TTM	+210.65%
Maharashtra Seamless Ltd.	7,450	556.00	10.11	13.00%	-12.21% TTM	-16.12% TTM	-3.03%
Sunflag Iron & Steel Co. Ltd.	7,070	392.30	34.35	3.70%	+9.35% TTM	+4.58% TTM	+48.12%
Shivalik Bimetal Controls Ltd.	6,178	1,072.50	58.24	25.00%	+27.78% TTM	+33.44% TTM	+130.55%
Technocraft Industries (India) Ltd.	6,166	2,719.40	17.69	19.30%	+12.39% TTM	+33.31% TTM	+12.14%
Man Industries (India) Ltd	5,756	767.35	28.17	16.10%	+10.75% TTM	+26.33% TTM	+94.91%
Goodluck India Limited	5,412	542.70	24.86	19.40%	+18.76% TTM	+31.22% TTM	+32.51%
SAMBHV STEEL TUBES LIMITED	4,886	165.80	25.04	17.50%	—	—	+41.23%
Bansal Wire Industries Limited	4,681	59.80	5.97	16.20%	+20.27% TTM	+2.82% TTM	-2.99%
Surya Roshni Ltd.	4,492	206.40	14.41	15.00%	+11.69% TTM	+8.34% TTM	-31.93%
Electrosteel Castings Ltd.	4,241	68.60	35.12	5.10%	-15.69% TTM	-78.91% TTM	-23.36%
Venus Pipes & Tubes Limited S	3,813	1,840.60	40.76	22.80%	+21.73% TTM	+15.01% TTM	+45.10%
Kalyani Steels Ltd	3,774	864.65	13.40	16.20%	-1.11% TTM	+8.01% TTM	+1.58%
Kirloskar Industries Ltd	3,479	3,308.30	10.24	—	+3.82% TTM	-0.15% TTM	-12.15%
Vardhman Special Steels Ltd S	3,454	356.90	21.41	13.50%	+14.75% TTM	+68.58% TTM	+20.94%
Ratnaveer Precision Engineering Limited S	3,192	380.35	41.84	13.30%	+21.02% TTM	+45.53% TTM	—
Garg Furnace Ltd. S	126	184.80	11.73	10.30%	+10.36% TTM	+46.45% TTM	+16.41%

Filings & corporate actions

Recent announcements

Outcome of BM dated 12.10.2026 allotment of warrants12 Oct 2026 · Others / Outcome without intimation
Certificate under reg. 74(5) of SEBI (DP) regulations, 201810 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Closure of trading window for the quarter and half year ending 30.09.202626 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation for investors presentation10 Sep 2026 · Company Update / Investor Presentation
Scrutinizer Report and Voting results of the 53rd AGM of the Company held on 29.08.20261 Sep 2026 · AGM/EGM / AGM
Clarification letter price movement31 Aug 2026 · Company Update / General
Proceedings of 53rd Annual General Meeting held on Saturday 29th August 202629 Aug 2026 · AGM/EGM / AGM
The Exchange has sought clarification from Garg Furnace Ltd on August 28, 2026 with reference to significant movement in price, in order to ensure that investors have latest relevant information ....28 Aug 2026 · Company Update / Clarification
Press release25 Aug 2026 · Company Update / Press Release / Media Release
Corrigendum Notice of AGM dated August 29, 202619 Aug 2026 · AGM/EGM / AGM
Newspaper publication19 Aug 2026 · Company Update / Newspaper Publication
Unaudited financial results for the quarter ended 30.06.202614 Aug 2026 · Board Meeting / Outcome of Board Meeting
Unaudited financial results for the quarter ended 30.06.202614 Aug 2026 · Result / Financial Results
Garg Furnace Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/08/2026 ,inter alia, to consider and approve unaudited standalone and consolidated ....11 Aug 2026 · Board Meeting / Board Meeting
News paper publication6 Aug 2026 · Company Update / Newspaper Publication
Annual report for the Financial Year 2025-20264 Aug 2026 · Others / Reg. 34 (1) Annual Report
Intimation of Book Closure, Cut-off date and E-voting for the purpose of 53rd Annual General Meeting4 Aug 2026 · Corp. Action / Book Closure
Notice of 53rd Annual General Meeting of the Members of the Company will be held on 29.08.20264 Aug 2026 · AGM/EGM / AGM
1. Issuance of warrants convertible into equity shares of the Company to Promoter & Promoter Group and Non-Promoter category on preferential basis. 2. The Board has approved the notice ....31 Jul 2026 · Board Meeting / Outcome of Board Meeting
Garg Furnace Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 31/07/2026 ,inter alia, to consider and approve To consider a proposal for fund ....28 Jul 2026 · Board Meeting / Board Meeting
Certificate under reg. 74(5) of SEBI (DP) Regulations, 201813 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Closure of Trading Window for the quarter ended 30.06.202627 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Newspaper Publications3 Jun 2026 · Company Update / Newspaper Publication
Annual Secretarial Compliance Report issued by M/s PDM & Associates for the Financial Year ended March 31 202630 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Audited Financial Results (Standalone and Consolidated) for the financial year ended March 31 202630 May 2026 · Board Meeting / Outcome of Board Meeting
Audited financial results (standalone and consolidated) for the financial year ended March 31 202630 May 2026 · Result / Financial Results
Garg Furnace Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/05/2026 ,inter alia, to consider and approve Audited Standalone and Consolidated ....25 May 2026 · Board Meeting / Board Meeting
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. <table border=''1px''><tr> <td>Sr. No.</td> <td>Particulars</td> <td>Details</td> ....15 Apr 2026 · Others / Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Certificate under Regulation 74(5) of SEBI (DP) Regulations, 201514 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Closure of Trading Window for the financial year ended 31.03.202631 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
Press Release relating to financial performance of the Company for the Q3 FY2619 Feb 2026 · Company Update / Press Release / Media Release
Newspaper Advertisement- Unaudited Financial Results for the quarter and nine months ended 31.12.202519 Feb 2026 · Company Update / Newspaper Publication
Results- Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended 31.12.202514 Feb 2026 · Result / Financial Results
Results- Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended 31.12.202514 Feb 2026 · Board Meeting / Outcome of Board Meeting
Garg Furnace Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/02/2026 ,inter alia, to consider and approve Unaudited financial results for ....31 Jan 2026 · Board Meeting / Board Meeting
Certificate under Reg. 74(5) of SEBI DP Regulations7 Jan 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Closure of Trading Window for the quarter ended 31.12.202524 Dec 2025 · Insider Trading / SAST / Closure of Trading Window
Press release dated 21.11.202521 Nov 2025 · Company Update / Press Release / Media Release
Unaudited Results for the Quarter and Half Year ended 30.09.202518 Nov 2025 · Company Update / Newspaper Publication
Unaudited Financial Results for the Quarter and half year ended 30.09.202514 Nov 2025 · Result / Financial Results

Board meetings

14 Aug 2026 Board Meeting - Financial Results
31 Jul 2026 Board Meeting - Financial Results