Garg Furnace
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Vaneera Industries, Garg Furnace’s 51%-owned subsidiary, commissioned Phase 1 of its alloy-steel forgeable billets facility in Ludhiana, Punjab, on 21 August 2026. The phase has annual capacity of 100,000 tonnes, within a licensed full-build capacity of 204,000 tonnes, and uses induction furnace, ladle refining, vacuum degassing and electromagnetic stirring technology. The company’s FY26 annual report had described Phase 1 as ready to commence, while Vaneera has been consolidated into Garg Furnace’s accounts since 22 August 2025. The group reported consolidated revenue of about ₹295 crore in FY26.
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Vaneera Industries, Garg Furnace’s 51%-owned subsidiary, commissioned Phase 1 of its alloy-steel forgeable billets facility in Ludhiana, Punjab, on 21 August 2026. The phase has annual capacity of 100,000 tonnes, within a licensed full-build capacity of 204,000 tonnes, and uses induction furnace, ladle refining, vacuum degassing and electromagnetic stirring technology. The company’s FY26 annual report had described Phase 1 as ready to commence, while Vaneera has been consolidated into Garg Furnace’s accounts since 22 August 2025. The group reported consolidated revenue of about ₹295 crore in FY26.
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Aug 25 (Reuters) - Garg Furnace Ltd GFUR.BO:
GARG FURNACE LTD- UNIT COMMISSIONED PHASE-1 OF ALLOY STEEL FORGEABLE BILLETS MANUFACTURING FACILITY AT LUDHIANA
Source text: ID:nBSE7v5bDl
Further company coverage: GFUR.BO
(([email protected];))
Aug 25 (Reuters) - Garg Furnace Ltd GFUR.BO:
GARG FURNACE LTD- UNIT COMMISSIONED PHASE-1 OF ALLOY STEEL FORGEABLE BILLETS MANUFACTURING FACILITY AT LUDHIANA
Source text: ID:nBSE7v5bDl
Further company coverage: GFUR.BO
(([email protected];))
Garg Furnace Ltd's board approved the issue of up to 13,98,000 warrants convertible into equity shares at ₹126.50 per warrant on a preferential basis, a transaction that could raise up to ₹17.68 crore. The warrants, exercisable into equity shares of face value ₹10 each within 18 months, are proposed to be allotted to four promoter-group individuals and five non-promoter investors, subject to shareholder and regulatory approvals. The board also approved the notice of the annual general meeting scheduled for August 29, with August 22 fixed as the e-voting cut-off date, and deferred approval of the unaudited financial results for the quarter ended June 30 until further notice.
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Garg Furnace Ltd's board approved the issue of up to 13,98,000 warrants convertible into equity shares at ₹126.50 per warrant on a preferential basis, a transaction that could raise up to ₹17.68 crore. The warrants, exercisable into equity shares of face value ₹10 each within 18 months, are proposed to be allotted to four promoter-group individuals and five non-promoter investors, subject to shareholder and regulatory approvals. The board also approved the notice of the annual general meeting scheduled for August 29, with August 22 fixed as the e-voting cut-off date, and deferred approval of the unaudited financial results for the quarter ended June 30 until further notice.
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Feb 18 (Reuters) - Garg Furnace Ltd GFUR.BO:
RECEIVES BUREAU OF INDIAN STANDARDS APPROVAL FOR BILLETS, ROUNDS, WIRE RODS PRODUCTS
Source text: ID:nBSE7mvqbQ
Further company coverage: GFUR.BO
(([email protected];;))
Feb 18 (Reuters) - Garg Furnace Ltd GFUR.BO:
RECEIVES BUREAU OF INDIAN STANDARDS APPROVAL FOR BILLETS, ROUNDS, WIRE RODS PRODUCTS
Source text: ID:nBSE7mvqbQ
Further company coverage: GFUR.BO
(([email protected];;))
Dec 12 (Reuters) - Garg Furnace Ltd GFUR.BO:
GARG FURNACE LTD - PIVOTED INTO MANUFACTURING OF SELF- DRILLING SCREWS
GARG FURNACE - INITIAL PRODUCTION CAPACITY OF 100 METRIC TONS PER MONTH FOR SELF-DRILLING SCREWS
Source text: ID:nBSEc6Bs6J
Further company coverage: GFUR.BO
(([email protected];))
Dec 12 (Reuters) - Garg Furnace Ltd GFUR.BO:
GARG FURNACE LTD - PIVOTED INTO MANUFACTURING OF SELF- DRILLING SCREWS
GARG FURNACE - INITIAL PRODUCTION CAPACITY OF 100 METRIC TONS PER MONTH FOR SELF-DRILLING SCREWS
Source text: ID:nBSEc6Bs6J
Further company coverage: GFUR.BO
(([email protected];))
Dec 19 (Reuters) - Garg Furnace Ltd GFUR.BO:
APPROVED ISSUANCE OF WARRANTS CONVERTIBLE INTO SHARES OF CO ON PREFERENTIAL BASIS
ISSUANCE OF WARRANTS CONVERTIBLE INTO SHARES WORTH UP TO 546 MILLION RUPEES
Further company coverage: GFUR.BO
(([email protected];))
Dec 19 (Reuters) - Garg Furnace Ltd GFUR.BO:
APPROVED ISSUANCE OF WARRANTS CONVERTIBLE INTO SHARES OF CO ON PREFERENTIAL BASIS
ISSUANCE OF WARRANTS CONVERTIBLE INTO SHARES WORTH UP TO 546 MILLION RUPEES
Further company coverage: GFUR.BO
(([email protected];))
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What does Garg Furnace do?
Garg Furnace Ltd is a prominent steel manufacturer in northern India, specializing in alloy and non-alloy steel production including TMT Bars. The company is also involved in the production of wire rods, M.S round, M.S Square, and textile products.
Who are the competitors of Garg Furnace?
Garg Furnace major competitors are MPK Steels (I), Excellent Wires&Pack, Kanishk Steel Inds., Hisar Metal Inds., LA TIM Metal & Inds., Mangalam Alloys, East India Drums. Market Cap of Garg Furnace is ₹111 Crs. While the median market cap of its peers are ₹100 Crs.
Is Garg Furnace financially stable compared to its competitors?
Garg Furnace seems to be less financially stable compared to its competitors. Altman Z score of Garg Furnace is 4.31 and is ranked 4 out of its 8 competitors.
Does Garg Furnace pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Garg Furnace latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Garg Furnace allocated its funds?
Companies resources are allocated to majorly unproductive assets like Capital Work in Progress
How strong is Garg Furnace balance sheet?
Balance sheet of Garg Furnace is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Garg Furnace improving?
Yes, profit is increasing. The profit of Garg Furnace is ₹11.11 Crs for TTM, ₹10.45 Crs for Mar 2026 and ₹7.64 Crs for Mar 2025.
Is the debt of Garg Furnace increasing or decreasing?
Yes, The net debt of Garg Furnace is increasing. Latest net debt of Garg Furnace is -₹0.65 Crs as of Mar-26. This is greater than Mar-25 when it was -₹23.87 Crs.
Is Garg Furnace stock expensive?
Garg Furnace is not expensive. Latest PE of Garg Furnace is 10.2, while 3 year average PE is 11.63. Also latest EV/EBITDA of Garg Furnace is 7.97 while 3yr average is 10.69.
Has the share price of Garg Furnace grown faster than its competition?
Garg Furnace has given better returns compared to its competitors. Garg Furnace has grown at ~-0.25% over the last 1yrs while peers have grown at a median rate of -12.0%
Is the promoter bullish about Garg Furnace?
Promoters seem to be bullish about the company. Latest quarter promoter holding is 56.91% and last quarter promoter holding is 53.41%.
Are mutual funds buying/selling Garg Furnace?
There is Insufficient data to gauge this.