The company was originally incorporated as ‘Ganga Forgoing Private Limited’ at Ahmedabad, as a private limited company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated December 29, 1988 issued by the Registrar of Companies, Gujarat. Subsequently, the company was converted into a public limited company pursuant to a special resolution passed by their shareholders at the extraordinary general meeting held on October 5, 2017 and the name of the company was changed to ‘Ganga Forging Limited’. A fresh certificate of incorporation consequent upon conversion to a public limited company was issued by the Registrar of Companies, Ahmedabad on October 30, 2017.

Business area of the Company:

The company is manufacturer in forging industry and is engaged in manufacturing of closed die forged products catering to both automotive and non-automotive segment. Automotive segment include manufacturing of products catering to commercial vehicle, passenger car, three wheeler, two wheeler and tractor. Non-automotive segment include electric power transmission, dairy equipment manufacturing, agricultural, gear and gear box, crank shafts, connecting road, heavy engineering industrial, hubs and flanges.

Major events and milestones:

1988: Incorporation of the company.
1989: Commencement of Manufacturing facility at factory of the company.
2014: Certified as an ISO 9001:2008 company.
2017: Obtaining of SMERA- D & B NSIC Certificate (Grade: SMERA MSE 3).
2017: Conversion from a private limited to a public limited and change of name consequent to the same (i.e Ganga Forging Private Limited to Ganga Forging Limited).

Awards and Certifications:

2016: Russian Federation Certificate from Solis Group stating that the Company is the manufacturer of goods of Solis Group.
2018: ISO 9001: 2008 for ‘Manufacture And Supply of Hot Forgings like Connecting Rod, Transmission & Insulation Parts for Automotive, Electrical, Defense, Agriculture And Engineering Applications’ granted by the Certification Body of TUV SUD South Asia Private Limited.

Market Cap	82 Cr	ROE	13.3%
P/E Ratio(TTM)	46.3	EPS(TTM)	0.0
P/B Ratio	5.3	Dividend Yield	0.0%
Industry P/E	71.6	Book Value	1.4
		Face Value	1.0

Fundamentals