Ganga Forging Limited
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… Read more
Ganga Forging Limited (GANGAFORGE) - Net Assets
Latest net assets as of September 2025: ₹289.59 Million INR
Based on the latest financial reports, Ganga Forging Limited (GANGAFORGE) has net assets worth ₹289.59 Million INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹592.02 Million) and total liabilities (₹302.43 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹289.59 Million |
| % of Total Assets | 48.92% |
| Annual Growth Rate | 25.45% |
| 5-Year Change | 165.91% |
| 10-Year Change | 834.49% |
| Growth Volatility | 46.58 |
Ganga Forging Limited - Net Assets Trend (2013–2025)
This chart illustrates how Ganga Forging Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ganga Forging Limited (2013–2025)
The table below shows the annual net assets of Ganga Forging Limited from 2013 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹321.89 Million | +2.47% |
| 2024-03-31 | ₹314.13 Million | +135.58% |
| 2023-03-31 | ₹133.34 Million | +14.46% |
| 2022-03-31 | ₹116.50 Million | -3.76% |
| 2021-03-31 | ₹121.05 Million | +0.89% |
| 2020-03-31 | ₹119.98 Million | -14.99% |
| 2019-03-31 | ₹141.13 Million | +64.30% |
| 2018-03-31 | ₹85.90 Million | +118.60% |
| 2017-03-31 | ₹39.30 Million | +14.08% |
| 2016-03-31 | ₹34.45 Million | +7.91% |
| 2015-03-31 | ₹31.92 Million | +17.08% |
| 2014-03-31 | ₹27.26 Million | +28.67% |
| 2013-03-31 | ₹21.19 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ganga Forging Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 18.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹12.95 Million | 4.02% |
| Common Stock | ₹134.80 Million | 41.88% |
| Other Comprehensive Income | ₹30.59 Million | 9.50% |
| Other Components | ₹143.55 Million | 44.60% |
| Total Equity | ₹321.89 Million | 100.00% |
Ganga Forging Limited Competitors by Market Cap
The table below lists competitors of Ganga Forging Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HOME DEPOT - Dusseldorf Stock Exchang
DU:HDI
|
$2.77 Million |
|
HPMT Holdings Bhd
KLSE:5291
|
$2.77 Million |
|
KENTIMA HOLDING AB B
F:3K8
|
$2.78 Million |
|
SPEAR Investments I B.V.
AS:QEV
|
$2.78 Million |
|
Txcom SA
PA:ALTXC
|
$2.77 Million |
|
Lilium Equity Warrants
PINK:LILMW
|
$2.77 Million |
|
VS Media Holdings Limited Class A Ordinary Shares
NASDAQ:VSME
|
$2.77 Million |
|
AUX INTERN. HD-01
F:MEN
|
$2.77 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ganga Forging Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 314,129,080 to 321,893,000, a change of 7,763,920 (2.5%).
- Net income of 6,131,000 contributed positively to equity growth.
- Share repurchases of 1,633,000 reduced equity.
- New share issuances of 1,633,000 increased equity.
- Other comprehensive income decreased equity by 1,616,670.
- Other factors increased equity by 3,249,590.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹6.13 Million | +1.9% |
| Share Repurchases | ₹1.63 Million | -0.51% |
| Share Issuances | ₹1.63 Million | +0.51% |
| Other Comprehensive Income | ₹-1.62 Million | -0.5% |
| Other Changes | ₹3.25 Million | +1.01% |
| Total Change | ₹- | 2.47% |
Book Value vs Market Value Analysis
This analysis compares Ganga Forging Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.17x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 14.00x to 1.17x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-03-31 | ₹0.20 | ₹2.80 | x |
| 2014-03-31 | ₹0.26 | ₹2.80 | x |
| 2015-03-31 | ₹0.30 | ₹2.80 | x |
| 2016-03-31 | ₹0.33 | ₹2.80 | x |
| 2017-03-31 | ₹0.37 | ₹2.80 | x |
| 2018-03-31 | ₹0.81 | ₹2.80 | x |
| 2019-03-31 | ₹1.45 | ₹2.80 | x |
| 2020-03-31 | ₹1.13 | ₹2.80 | x |
| 2021-03-31 | ₹1.14 | ₹2.80 | x |
| 2022-03-31 | ₹1.10 | ₹2.80 | x |
| 2023-03-31 | ₹1.26 | ₹2.80 | x |
| 2024-03-31 | ₹2.35 | ₹2.80 | x |
| 2025-03-31 | ₹2.39 | ₹2.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ganga Forging Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.90%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.42%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 1.82x
- Recent ROE (1.90%) is below the historical average (6.82%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 15.16% | 2.17% | 1.72x | 4.05x | ₹1.09 Million |
| 2014 | 22.28% | 3.84% | 1.47x | 3.96x | ₹3.35 Million |
| 2015 | 14.59% | 3.19% | 1.22x | 3.77x | ₹1.47 Million |
| 2016 | 7.33% | 1.45% | 1.30x | 3.91x | ₹-918.60K |
| 2017 | 12.34% | 2.75% | 1.16x | 3.85x | ₹919.50K |
| 2018 | 5.39% | 1.87% | 0.98x | 2.93x | ₹-3.96 Million |
| 2019 | 3.69% | 1.89% | 0.78x | 2.49x | ₹-8.90 Million |
| 2020 | -17.63% | -9.21% | 0.69x | 2.75x | ₹-33.15 Million |
| 2021 | 0.89% | 0.47% | 0.72x | 2.58x | ₹-11.03 Million |
| 2022 | 8.88% | 3.59% | 0.93x | 2.66x | ₹-1.31 Million |
| 2023 | 12.43% | 4.96% | 0.96x | 2.60x | ₹3.24 Million |
| 2024 | 1.41% | 1.19% | 0.80x | 1.47x | ₹-26.98 Million |
| 2025 | 1.90% | 1.42% | 0.74x | 1.82x | ₹-26.06 Million |
Industry Comparison
This section compares Ganga Forging Limited's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $2,570,338,462
- Average return on equity (ROE) among peers: 14.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ganga Forging Limited (GANGAFORGE) | ₹289.59 Million | 15.16% | 1.04x | $2.77 Million |
| Aeroflex Industries Limited (AEROFLEX) | $477.26 Million | 14.85% | 2.21x | $117.91 Million |
| Alicon Castalloy Limited (ALICON) | $771.45 Million | 18.69% | 2.90x | $35.46 Million |
| BELL AGROMACHINA ORD T (BSE) (BALUFORGE) | $1.59 Billion | 18.81% | 0.79x | $157.21 Million |
| DCM Limited (DCM) | $2.25 Billion | -1.93% | 2.18x | $4.01 Million |
| DEE Development Eng Ltd (DEEDEV) | $4.12 Billion | 1.99% | 1.05x | $73.80 Million |
| D P Wires Limited (DPWIRES) | $1.52 Billion | 19.14% | 0.29x | $5.42 Million |
| Gandhi Special Tubes Limited (GANDHITUBE) | $490.87 Million | 32.88% | 0.19x | $42.31 Million |
| Gravita India Limited (GRAVITA) | $2.04 Billion | 7.59% | 1.81x | $498.10 Million |
| Happy Forgings Limited (HAPPYFORGE) | $9.88 Billion | 21.12% | 0.34x | $301.15 Million |