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Garg Furnace Ltd

NSE: BSE: 530615

137.90

(-1.11%)

Tue, 24 Mar 2026, 04:36 pm

Garg Furnace Analysis

dividend

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Pros

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    Cons

    • Unable to evaluate Garg Furnace's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
    • Unable to evaluate Garg Furnace's dividend against the top 25% market benchmark as the company has not reported any payouts.

    health

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    Pros

    • Garg Furnace is profitable, therefore cash runway is not a concern.
    • Garg Furnace is profitable, therefore cash runway is not a concern.
    • Debt is well covered by operating cash flow (359.6%, greater than 20% of total debt).
    • Debt is covered by short term assets, assets are 2.7x debt.
    • Garg Furnace's cash and other short term assets cover its long term commitments.
    • The level of debt compared to net worth has been reduced over the past 5 years (174.9% vs 67.3% today).
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    Cons

    • Garg Furnace's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
    • Garg Furnace's level of debt (67.3%) compared to net worth is high (greater than 40%).
    • High level of physical assets or inventory.

    management

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    Pros

    • Devinder's remuneration is lower than average for companies of similar size in India.
    • Devinder's compensation has increased in line with Garg Furnace recently becoming profitable.
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    Cons

    • The average tenure for the Garg Furnace board of directors is less than 3 years, this suggests a new board.

    misc

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    Pros

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      Cons

      • Garg Furnace is not covered by any analysts.

      past

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      Pros

      • Garg Furnace has delivered over 20% year on year earnings growth in the past 5 years.
      • Garg Furnace used its assets more efficiently than the IN Metals and Mining industry average last year based on Return on Assets.
      • Garg Furnace made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
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      Cons

      • Garg Furnace has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
      • It is difficult to establish if Garg Furnace improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
      • Garg Furnace has become profitable in the last year making it difficult to compare the IN Metals and Mining industry average.

      value

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      Pros

      • Garg Furnace's share price is below the future cash flow value, and at a moderate discount (> 20%).
      • Garg Furnace's share price is below the future cash flow value, and at a substantial discount (> 40%).
      • Garg Furnace is good value based on assets compared to the IN Metals and Mining industry average.
      • Garg Furnace is good value based on earnings compared to the IN Metals and Mining industry average.
      • Garg Furnace is good value based on earnings compared to the India market.
      • 530615 outperformed the Metals and Mining industry which returned -28.6% over the past year.
      • 530615 outperformed the Market in India which returned -14.5% over the past year.
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      Cons

      • BSE:530615 is flat (-0.3%) underperforming the Metals and Mining industry which returned 7.5% over the past month.
      • BSE:530615 is flat (-0.3%) underperforming the market in India which returned 8% over the past month.

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      Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800