Gala Precision Engg.
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Forensics
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** Shares of Gala Precision Engineering GALR.NS fall as much as 4.5% to 1,011.60 rupees
** Precision manufacturing co says Income Tax Department commenced proceedings on August 18 at its registered office and the residence of promoter Kirit Gala
** Adds, co and its officials are cooperating with authorities and furnishing documents, information and clarifications sought
** Stock up 31.5% YTD
(Reporting by Payel Das in Bengaluru)
** Shares of Gala Precision Engineering GALR.NS fall as much as 4.5% to 1,011.60 rupees
** Precision manufacturing co says Income Tax Department commenced proceedings on August 18 at its registered office and the residence of promoter Kirit Gala
** Adds, co and its officials are cooperating with authorities and furnishing documents, information and clarifications sought
** Stock up 31.5% YTD
(Reporting by Payel Das in Bengaluru)
Aug 18 (Reuters) - Gala Precision Engineering Ltd GALR.NS:
GALA PRECISION ENGINEERING - INCOME TAX DEPARTMENT COMMENCES PROCEEDINGS AT CO ON AUGUST 18, 2026
GALA PRECISION ENGINEERING - BUSINESS OPERATIONS REMAIN UNAFFECTED
Source text: ID:nBSE9YFcrF
Further company coverage: GALR.NS
(([email protected];))
Aug 18 (Reuters) - Gala Precision Engineering Ltd GALR.NS:
GALA PRECISION ENGINEERING - INCOME TAX DEPARTMENT COMMENCES PROCEEDINGS AT CO ON AUGUST 18, 2026
GALA PRECISION ENGINEERING - BUSINESS OPERATIONS REMAIN UNAFFECTED
Source text: ID:nBSE9YFcrF
Further company coverage: GALR.NS
(([email protected];))
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What does Gala Precision Engg. do?
Gala Precision Engineering Ltd. manufactures high-quality technical springs and high-tensile fasteners. It serves the renewable energy, mobility, and industrial sectors, recently launching a new production facility in Chennai.
Who are the competitors of Gala Precision Engg.?
Gala Precision Engg. major competitors are Tembo Global Inds., Eimco Elecon (India), Walchandnagar Inds., Shree Refrigerations, Everest Kanto Cylind, Yuken India, Emkay Tools. Market Cap of Gala Precision Engg. is ₹1,325 Crs. While the median market cap of its peers are ₹1,340 Crs.
Is Gala Precision Engg. financially stable compared to its competitors?
Gala Precision Engg. seems to be less financially stable compared to its competitors. Altman Z score of Gala Precision Engg. is 12.49 and is ranked 4 out of its 8 competitors.
Does Gala Precision Engg. pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Gala Precision Engg. latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Gala Precision Engg. allocated its funds?
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Inventory
How strong is Gala Precision Engg. balance sheet?
Balance sheet of Gala Precision Engg. is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Gala Precision Engg. improving?
Yes, profit is increasing. The profit of Gala Precision Engg. is ₹37.11 Crs for TTM, ₹35.48 Crs for Mar 2026 and ₹26.85 Crs for Mar 2025.
Is the debt of Gala Precision Engg. increasing or decreasing?
Yes, The net debt of Gala Precision Engg. is increasing. Latest net debt of Gala Precision Engg. is -₹64.23 Crs as of Mar-26. This is greater than Mar-25 when it was -₹95.74 Crs.
Is Gala Precision Engg. stock expensive?
Gala Precision Engg. is not expensive. Latest PE of Gala Precision Engg. is 35.67, while 3 year average PE is 42.21. Also latest EV/EBITDA of Gala Precision Engg. is 24.04 while 3yr average is 26.87.
Has the share price of Gala Precision Engg. grown faster than its competition?
Gala Precision Engg. has given better returns compared to its competitors. Gala Precision Engg. has grown at ~24.96% over the last 1yrs while peers have grown at a median rate of 2.55%
Is the promoter bullish about Gala Precision Engg.?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in Gala Precision Engg. is 54.34% and last quarter promoter holding is 54.99%
Are mutual funds buying/selling Gala Precision Engg.?
There is Insufficient data to gauge this.