Ganga Forging Limited Announces Standalone Audited Financial Results for the Year Ended March 31, 2026
Ganga Forging Limited announced that its Board of Directors held a meeting on May 29, 2026, and approved the standalone audited financial results for the quarter and year ending March 31, 2026. The Company, engaged in the manufacturing of all kinds of closed die forging, confirmed that the financial results reflect the Company's performance for the period under review.The Board reviewed and approved the financial results, which included the audited financial results, the Cash Flow Statement, and the Statement of Assets and Liabilities. Statutory auditors issued an unqualified audit opinion on the financial results for the year ended March 31, 2026.
Financial Performance Highlights
The Statement of Audited Results provides a comprehensive overview of the Company's financial standing.Statement of Audited Results for the Quarter and Year Ended March 31, 2026
(Amounts in Rs. in Lakhs)| Particulars | Quarter Ended 31.03.2026 | Year Ended 31.03.2026 |
|---|---|---|
| Revenue from operations | 1072.68 | 3561.64 |
| Other income | 2.55 | 2292 |
| Cost of materials consumed | 666.90 | 3301.56 |
| Changes in inventories | 54.16 | (412.36) |
| Employee benefits expense | 60.61 | 182.26 |
| Finance costs | 28.16 | 97.56 |
| Depreciation and amortisation expense | 34.79 | 107.37 |
| Other expenses | 301.01 | 1023.48 |
| Total Expenses | 1145.62 | 4299.88 |
| Profit / (Loss) before exceptional items and tax | (70.39) | 44.99 |
| Exceptional items | (1.42) | (41.55) |
| Profit / (Loss) before tax & Tax expense | (6898) | 86.55 |
| Current Tax | 0.00 | 16.33 |
| Deferred Tax | (22.70) | 891 |
| Net Profit / (Loss) for the period | (46.27) | 61.31 |
Balance Sheet Status
The Statement of Assets and Liabilities provides a comparative view of the Company's financial position.Statement of Assets and Liabilities (Rs. in Lakhs)
| Particulars | As at 31st March, 2026 | As at 31st March, 2025 |
|---|---|---|
| Total Non-Current assets | 3063.41 | 2738.49 |
| Property, plant and equipment | 1740.53 | 1766.66 |
| Right-of-Use Assets | 287.05 | 12.82 |
| Other Non-Current assets | 996.00 | 896.00 |
| Total Current assets | 2985.73 | 3129.80 |
| Inventories | 1913.69 | 1933.63 |
| Trade receivables | 569.43 | 800 |
| Cash and cash equivalents | 12.38 | 32 |
| Other Current Assets | 487.31 | 361.11 |
| Total Assets | 6049.14 | 5868.29 |
| Total Equity and Liabilities | ||
| Equity Share capital | 1348.02 | 1348 |
| Other Equity | 1502.34 | 1870.91 |
| Total Equity | 2850.36 | 3218.97 |
| Borrowings (Non-current) | 838.72 | - |
| Provisions (Non-current) | 28.88 | - |
| Other Non Current Liability | 2.03 | - |
| Total non-current liabilities | 1027.44 | - |
| Borrowings (Current) | 1171.91 | 1172.38 |
| Trade payables | 833.53 | 638.21 |
| Other Current liabilities | 117.29 | 102 |
| Provisions (Current) | 48.62 | 49.01 |
| Total current liabilities | 2171.34 | 1962.05 |
| Total Equity and Liabilities | 6049.14 | 5868.29 |
Cash Flow Statement
The Cash Flow Statement details the movement of cash for the respective periods.Cash Flow Statement (Rs. in Lakhs)
| Particulars | 31st March, 2026 Audited | 2025 Audited |
|---|---|---|
| A: CASH FLOW FROM OPERATING ACTIVITIES | ||
| Net Profit Before Tax as per Statement of Profit and Loss | -368.37 | 86.55 |
| Depreciation / Amortisation and Depletion Expense | 118.59 | 107.37 |
| Finance costs | 93.12 | 96.30 |
| (Increase)/Decrease in Current Asset | 124.06 | -213.26 |
| Increase/(Decrease) in Current Liabilities | 224.32 | 462.02 |
| Net Cash flow from Operating Activities | 35.95 | -411.30 |
| B: CASH FLOW FROM INVESTING ACTIVITIES | ||
| Purchase of tangible and intangible assets | -353.66 | -264.56 |
| Proceeds from disposal of tangible and intangible assets | 37.15 | 41.91 |
| Net Cash flow (Used in) Investing Activities | -315.25 | -221.45 |
| C: CASH FLOW FROM FINANCING ACTIVITIES | ||
| Increase/(Decrease) in Long Term Borrowings | 352.90 | 408.34 |
| Increase/(Decrease) in Short Term Borrowings | -0.48 | 251.02 |
| Interest Paid | -93.12 | -96.30 |
| Net Cash flow from/(Used in) Financing Activities | 259.30 | 579.39 |
| Net (Decrease) in Cash and Cash Equivalents | -20.00 | -53.36 |
| Opening Balance of Cash and Cash Equivalents | 32.39 | 85.74 |
| Closing Balance of Cash and Cash Equivalents | 12.38 | 3239 |
The Company's operations remain focused on manufacturing closed die forging products. The financial results for the quarter and year ended March 31, 2026, were reviewed by the Audit Committee and subsequently approved by the Board of Directors. The statutory auditors issued an unmodified opinion on the financial results for the period.
GANGAFORGE Stock Price Movement
Today, Ganga Forging Limited shares edged higher by 1.71% to settle at ₹2.36. The equity saw robust activity in the session, trading on a volume of 505,886 shares today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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