ALFA Finder| Management target | Revenue FY26 |
|---|
| Revenue growth | Guided ₹289 Cr for FY25-26 vs ₹262 Cr in FY24-25. |
|---|---|
| Margins | EBITDA margin improving via shift to value-added grades. |
| Demand visibility | Strong traction from Tier-1/2 auto OEMs and defense sectors. |
| Management confidence | High, citing unique 'New Middle' market positioning and capacity scaling. |
Growth
FY24 revenue was ₹258Cr; FY26 revenue target is ₹289Cr with EBITDA growing from ₹5Cr to ₹13Cr.
Outlook
Vaneera Phase 2 (204,000 MT) completion by Dec 2027; forward integration into rolling and captive solar installations planned.
Risks
Raw material price volatility, high power costs for induction furnaces, and competition from cheaper imported steel.
Investor Presentation filed with BSE, NSE: GARGFUR. Summary written with AI assistance from the document.
Garg Furnace Ltd: key numbers
- Share price
- ₹216.90
- Market cap
- ₹147.7 Cr
- Revenue (annual)
- ₹294.6 Cr
- Net profit (annual)
- ₹10.44 Cr
- P/E (TTM)
- 13.5×Sector 17.1×
- Promoter holding
- 56.91%+0.00% QoQ
- FII holding
- 0.00%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Garg Furnace Ltd
All →Garg Furnace Board Meeting Date
Garg Furnace will hold a board meeting on 14 November 2026 to consider unaudited standalone and consolidated results for the quarter and half year ended September 2026. The trading window remains closed until 48 hours after results.
Garg Furnace Convertible Warrants
Garg Furnace allotted 13,98,000 convertible warrants at ₹126.50 each (₹17.68 Crore aggregate) to promoters and non-promoters. The board approved this allotment after prior AGM and BSE approvals.
- Value
- ₹17.68 Cr
Garg Furnace Other Announcement
Garg Furnace Ltd has submitted the RTA confirmation certificate for the quarter ended September 30, 2026, as required under SEBI Regulation 74(5).
Garg Furnace Price Movement Clarification
Garg Furnace Limited clarified that recent stock price movements were market-driven and that the company has not withheld any material price-sensitive information.
Garg Furnace Annual General Meeting
Garg Furnace Ltd conducted its 53rd Annual General Meeting on August 29, 2026. Shareholders reviewed and approved various ordinary and special business items presented.
Garg Furnace Production Started
Garg Furnace's 51% subsidiary, Vaneera Industries, has commissioned Phase-1 of its alloy steel forgeable billets manufacturing facility in Ludhiana. This adds 1,00,000 MT per annum capacity.