Ganga Forging Ltd
NSE:GANGAFORGE
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EV/IC
Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.
Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.
Valuation Scenarios
If EV/IC returns to its 3-Year Average (2.2), the stock would be worth ₹5.67 (95% upside from current price).
| Scenario | EV/IC Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 1.1 | ₹2.9 |
0%
|
| 3-Year Average | 2.2 | ₹5.67 |
+95%
|
| 5-Year Average | 2.4 | ₹6.27 |
+116%
|
| Industry Average | 2 | ₹5.25 |
+81%
|
| Country Average | 2.3 | ₹5.86 |
+102%
|
Forward EV/IC
Today’s price vs future invested capital
Peer Comparison
| Market Cap | EV/IC | P/E | ||||
|---|---|---|---|---|---|---|
| IN |
|
Ganga Forging Ltd
NSE:GANGAFORGE
|
390.9m INR | 1.1 | -12.1 | |
| ZA |
K
|
Kumba Iron Ore Ltd
JSE:KIO
|
100.1B ZAR | 1.1 | 6.9 | |
| BR |
|
Vale SA
BOVESPA:VALE3
|
346.5B BRL | 1 | 25.2 | |
| US |
|
Nucor Corp
NYSE:NUE
|
51.7B USD | 1.8 | 29.8 | |
| LU |
|
ArcelorMittal SA
AEX:MT
|
37.5B EUR | 0.6 | 15 | |
| AU |
|
Fortescue Metals Group Ltd
ASX:FMG
|
61.6B AUD | 1.7 | 11.2 | |
| AU |
F
|
Fortescue Ltd
XMUN:FVJ
|
36.9B EUR | 1.7 | 11.4 | |
| US |
|
Steel Dynamics Inc
NASDAQ:STLD
|
33.2B USD | 2.5 | 24.2 | |
| IN |
|
JSW Steel Ltd
NSE:JSWSTEEL
|
3.1T INR | 1.8 | 41.2 | |
| IN |
|
Tata Steel Ltd
NSE:TATASTEEL
|
2.6T INR | 1.3 | 28.7 | |
| KR |
|
Posco Holdings Inc
KRX:005490
|
34.9T KRW | 0.5 | 53.1 |
Market Distribution
| Min | 0 |
| 30th Percentile | 1.3 |
| Median | 2.3 |
| 70th Percentile | 4.2 |
| Max | 4 185.7 |
Other Multiples
Ganga Forging Ltd
Glance View
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.
