Rajkot (Gujarat)-based steel forging manufacturer of crankshafts, connecting rods, yokes and flanges for automotive, railway, construction, agricultural and earth-moving equipment OEMs, with exports.
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Market Cap
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Industrials
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| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 8 | 11 | 11 | 11 | 13 | 13 | 13 | 13 |
| Reserves | 4 | 0 | 1 | 3 | 18 | 19 | 15 | 15 |
| Borrowings | 12 | 11 | 12 | 14 | 10 | 17 | 17 | 20 |
| Other Liabilities | 9 | 10 | 8 | 7 | 5 | 10 | 13 | 12 |
| Total Liabilities | 33 | 31 | 31 | 35 | 46 | 59 | 59 | 60 |
| AssetsFixed Assets | 15 | 15 | 14 | 16 | 16 | 18 | 18 | 20 |
| CWIP | 0 | 0 | 2 | 1 | 0 | 0 | 1 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 18 | 16 | 15 | 18 | 30 | 41 | 41 | 40 |
| Total Assets | 33 | 31 | 31 | 35 | 46 | 59 | 59 | 60 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -2 | 2 | 2 | 1 | -1 | -11 | -4 | 0 |
| Cash from Investing | -7 | -1 | -0 | -2 | -1 | -1 | -2 | -3 |
| Cash from Financing | 9 | -2 | -2 | 0 | 2 | 12 | 6 | 3 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -9 | 2 | 2 | -0 | -2 | -12 | -6 | -3 |
| FCF Margin | — | — | — | — | — | — | — | — |
This looks cyclical, and we don't have enough quarters to establish a through-cycle earnings base. Valuing it off the current point in the cycle would be misleading.
GANGAFORGE · CYCLICAL_UNMODELABLE
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