GFSTEELS
Grand Foundry financials
- Market cap
- ₹64 Cr
- Sector
- Capital Goods
What Grand Foundry Ltd does
Grand Foundry Limited underwent a change in management and control during FY26 via a Share Purchase Agreement and a mandatory Open Offer, after which the new promoter group diversified the company into the telecommunications sector. It now carries out telecom and allied activities, including communication infrastructure, telecom solutions, network-related services and digital communication services, with Fibre services being the primary driver of operational revenue generated under the new management. The company has no subsidiaries, associates or joint ventures.
Segments
- Fibre services
- Telecom infrastructure & network services
- Employee strength
- 2 (1 male, 1 female)
- Subsidiaries/JVs/Associates
- None
- Business lines
- Telecom infrastructure & Fibre services (added FY26, post-diversification)
Quarterly results
Q1 FY27: net profit up 1506.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 11 | 20 |
| EBITDA | -0 | -0 | -0 | -0 | -0 −217% | -0 −120% | 1 +1450% | 2 +4540% |
| Net profit | -0 | -0 | -0 | -0 | -0 −100% | -0 −60% | 1 +656% | 2 +1507% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +115.3% 1Y
1Y: ₹9.73 on 8 Sept 2025 → ₹20.95. High ₹20.95 (11 Sept 2026), low ₹9.73 (8 Sept 2025).
Financials, as filed
Revenue grew 2194.6% a year over 2 years, FY24 to FY26. Operating margin widened to 6.9%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹0 Cr | ₹0 Cr | ₹11 Cr |
| Operating profit | ₹-0 Cr | ₹-0 Cr | ₹1 Cr |
| Operating margin | -1200.0% | — | 6.9% |
| Interest | ₹0 Cr | ₹0 Cr | ₹1 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹-1 Cr | ₹-1 Cr | ₹0 Cr |
| Net margin | -2800.0% | — | 1.7% |
| Cash from operations | ₹-1 Cr | ₹-1 Cr | ₹-1 Cr |
| Free cash flow | ₹-1 Cr | ₹-1 Cr | ₹-1 Cr |
| ROCE | — | — | 116.5% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹12 Cr | ₹12 Cr | ₹12 Cr | ₹12 Cr | ₹12 Cr | ₹12 Cr |
| Reserves | ₹-15 Cr | ₹-15 Cr | ₹-17 Cr | ₹-17 Cr | ₹-18 Cr | ₹-18 Cr |
| Borrowings | ₹0 Cr | ₹0 Cr | ₹4 Cr | ₹5 Cr | ₹6 Cr | ₹7 Cr |
| Other liabilities | ₹4 Cr | ₹4 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹12 Cr |
| Total liabilities | ₹2 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹13 Cr |
| Fixed assets | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹2 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹13 Cr |
| Total assets | ₹2 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹13 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 1% to 23,027.
- Promoters
- 70.2%
- DIIs
- 0.0%
- Public
- 29.8%
Since Jun 2025
- Promoters 0.00 pp
- DIIs 0.00 pp
- Public 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 70.2%, DIIs 0.0%, Public 29.8%.Dec '23: Promoters 70.2%, DIIs 0.0%, Public 29.8%.Mar '24: Promoters 70.2%, DIIs 0.0%, Public 29.8%.Jun '24: Promoters 70.2%, DIIs 0.0%, Public 29.8%.Sep '24: Promoters 70.2%, DIIs 0.0%, Public 29.8%.Dec '24: Promoters 70.2%, DIIs 0.0%, Public 29.8%.Mar '25: Promoters 70.2%, DIIs 0.0%, Public 29.8%.Jun '25: Promoters 70.2%, DIIs 0.0%, Public 29.8%.Sep '25: Promoters 70.2%, DIIs 0.0%, Public 29.8%.Dec '25: Promoters 70.2%, DIIs 0.0%, Public 29.8%.Mar '26: Promoters 70.2%, DIIs 0.0%, Public 29.8%.Jun '26: Promoters 70.2%, DIIs 0.0%, Public 29.8%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Grand Foundry Ltd above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Gaurav Goyal | 56.13% | unchanged |
| Rakesh Kumar Bansal | 14.04% | unchanged |
| Heena Ashok Mehta | 0.01% | unchanged |
| Namita Hiten Jangla | 0.00% | unchanged |
| Minal Kiran Jangla | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Grand Foundry Ltd
Guides on how to read this kind of business and the numbers that matter.