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Ganga Forging Ltd
NSE:GANGAFORGE

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Ganga Forging Ltd
NSE:GANGAFORGE
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Price: 2.89 INR -1.37% Market Closed
Market Cap: ₹389.6m

EV/EBITDA

-38.7
Current
199%
Cheaper
vs 3-y average of 39.1

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
-38.7
=
Enterprise Value
₹548.3m
/
EBITDA
₹-14.4m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
-38.7
=
Enterprise Value
₹548.3m
/
EBITDA
₹-14.4m

Valuation Scenarios

Ganga Forging Ltd is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (39.1), the stock would be worth ₹-2.92 (201% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-215%
Maximum Upside
No Upside Scenarios
Average Downside
173%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple -38.7 ₹2.89
0%
3-Year Average 39.1 ₹-2.92
-201%
5-Year Average 44.6 ₹-3.33
-215%
Industry Average 12.1 ₹-0.9
-131%
Country Average 17.7 ₹-1.32
-146%

Forward EV/EBITDA
Today’s price vs future ebitda

Not enough data available to calculate forward EV/EBITDA

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
IN
Ganga Forging Ltd
NSE:GANGAFORGE
389.6m INR -38.7 -12
ZA
Kumba Iron Ore Ltd
JSE:KIO
102B ZAR 3.4 7
BR
Vale SA
BOVESPA:VALE3
367B BRL 5.2 26.6
US
Nucor Corp
NYSE:NUE
49B USD 12.9 28.2
AU
Fortescue Metals Group Ltd
ASX:FMG
60.9B AUD 7.6 11.1
AU
Fortescue Ltd
XMUN:FVJ
37B EUR 7.7 11.4
LU
ArcelorMittal SA
AEX:MT
38.4B EUR 9.1 14.1
IN
JSW Steel Ltd
NSE:JSWSTEEL
3.1T INR 13.8 40.9
US
Steel Dynamics Inc
NASDAQ:STLD
32.8B USD 15.7 23.9
IN
Tata Steel Ltd
NSE:TATASTEEL
2.6T INR 10.6 28.5
US
Carpenter Technology Corp
NYSE:CRS
21.3B USD 29.3 48.8
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
IN
Ganga Forging Ltd
NSE:GANGAFORGE
Average EV/EBITDA: 11.5
Negative Multiple: -38.7
N/A N/A
ZA
K
Kumba Iron Ore Ltd
JSE:KIO
3.4
5%
0.7
BR
Vale SA
BOVESPA:VALE3
5.2
6%
0.9
US
Nucor Corp
NYSE:NUE
12.9
14%
0.9
AU
Fortescue Metals Group Ltd
ASX:FMG
7.6
13%
0.6
AU
F
Fortescue Ltd
XMUN:FVJ
7.7
13%
0.6
LU
ArcelorMittal SA
AEX:MT
9.1
24%
0.4
IN
JSW Steel Ltd
NSE:JSWSTEEL
13.8
23%
0.6
US
Steel Dynamics Inc
NASDAQ:STLD
15.7
22%
0.7
IN
Tata Steel Ltd
NSE:TATASTEEL
10.6
29%
0.4
US
Carpenter Technology Corp
NYSE:CRS
29.3
20%
1.5

Market Distribution

Lower than 100% of companies in India
Percentile
0th
Based on 2 785 companies
0th percentile
-38.7
Low
0.4 — 11.9
Typical Range
11.9 — 27.8
High
27.8 —
Distribution Statistics
India
Min 0.4
30th Percentile 11.9
Median 17.7
70th Percentile 27.8
Max 47 834.4

Ganga Forging Ltd
Glance View

Market Cap
389.6m INR
Industry
Metals & Mining

Ganga Forging Ltd. engages in the manufacture of forging of articles. The company is headquartered in Rajkot, Gujarat. The company went IPO on 2018-07-11. The firm provides its products to both automotive and nonautomotive segments. The automotive segment includes manufacturing of products catering to commercial vehicle, passenger car, three wheelers, two-wheeler, and tractor. The non-automotive segment includes electric power transmission, dairy equipment manufacturing, agricultural, gear and gear box, crank shafts, connecting road, heavy engineering industrial, hubs and flanges. The company provides a range of products, such as Anchor Shackle, Big Yoke, Blind Flanges, Connecting Rod-Incline, Forged Connecting rods - Straight, Forged Crankshaft, Forged Flanges, Forged Trunion Shafts, Forged Yoke, Socket Clevise, Spider/Cross, and Trunion Pin. The company serves various industries, including construction, railways, mechanical industries, oil refineries, and mining industry.

GANGAFORGE Intrinsic Value
3.79 INR
Undervaluation 24%
Intrinsic Value
Price ₹2.89
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