Grand Foundry Ltd. (IN:GFSTEELS)
:GFSTEELS
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Grand Foundry Ltd.
(GFSTEELS)
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Rating:46Neutral
Price Target:
₹11.50
▲(15.35% Upside)
Action:Reiterated
Date:05/23/26
The score is held down primarily by weak financial quality—negative equity, elevated debt, and consistently negative/volatile cash flows—despite an FY2026 earnings rebound. Technicals are supportive in trend but are extremely overbought, and valuation provides limited support due to a negative P/E and no dividend yield.
Positive Factors
Profitability Recovery
The FY2026 return to operating profit and a positive net income demonstrates the company can achieve margin recovery. If sustained, this establishes a base for internal cash generation, supports reinvestment and debt servicing, and improves prospects for durable operating stability.
Negative Factors
Negative Shareholder Equity
Negative equity of -54.53M signals a structurally impaired capital base and limited loss-absorbing capacity. This elevates insolvency and covenant breach risk, weakens creditor and supplier confidence, and materially restricts strategic and financing flexibility over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability Recovery
The FY2026 return to operating profit and a positive net income demonstrates the company can achieve margin recovery. If sustained, this establishes a base for internal cash generation, supports reinvestment and debt servicing, and improves prospects for durable operating stability.
Read all positive factors
Grand Foundry Ltd. (GFSTEELS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹350.55M
Dividend YieldN/A
Average Volume (3M)318.00
Price to Earnings (P/E)217.7
Beta (1Y)-0.24
Revenue GrowthN/A
EPS GrowthN/A
CountryIN
Employees5
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)-0.20
Shares Outstanding30,430,000
10 Day Avg. Volume649
30 Day Avg. Volume318
Financial Highlights & Ratios
PEG Ratio-1.63
Price to Book (P/B)-6.90
Price to Sales (P/S)3.57
P/FCF Ratio-68.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Grand Foundry Ltd. Business Overview & Revenue Model
Company Description
Grand Foundry Limited manufactures, markets, and sells stainless steel bright bars and wires in India, the United States, Japan, Singapore, Italy, Australia, and Canada. The company's products are used in various applications in the petrochemical,...
Grand Foundry Ltd. Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
12
Very Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 205.00K | 105.26M | 205.00K | 277.00K | 1.01M | 0.00 |
| Gross Profit | 205.00K | 13.71M | 205.00K | 217.00K | 10.00K | 0.00 |
| EBITDA | -2.19M | 7.44M | 0.00 | -3.92M | -3.31M | -1.93M |
| Net Income | -6.19M | 1.81M | -6.81M | -5.65M | -11.06M | -2.10M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 133.67M | 54.00K | 286.00K | 389.00K | 8.00M |
| Cash, Cash Equivalents and Short-Term Investments | 36.00K | 1.01M | 36.00K | 59.00K | 40.00K | 200.00K |
| Total Debt | 0.00 | 67.92M | 55.83M | 48.89M | 43.56M | 0.00 |
| Total Liabilities | 56.35M | 188.21M | 56.40M | 49.83M | 44.28M | 40.83M |
| Stockholders Equity | -56.35M | -54.53M | -56.35M | -49.54M | -43.89M | -32.83M |
Cash Flow | ||||||
| Free Cash Flow | -7.05M | -5.49M | -6.96M | -5.39M | -44.02M | 7.61M |
| Operating Cash Flow | -7.05M | -5.49M | -6.96M | -5.39M | -44.02M | 7.61M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 600.00K | -30.96M |
| Financing Cash Flow | 6.94M | 6.47M | 6.94M | 5.41M | 43.26M | 22.78M |
Grand Foundry Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | ₹6.63B | -2,604.42 | ― | ― | -61.91% | 88.07% | |
49 Neutral | ₹1.41B | 3.62 | ― | ― | -85.24% | ― | |
46 Neutral | ₹350.55M | 217.69 | ― | ― | ― | ― | |
46 Neutral | ₹204.00M | -3.07 | ― | ― | -100.00% | 8.59% |
* Basic Materials Sector Average
IN:GFSTEELS
Grand Foundry Ltd.
11.52
2.90
33.64%
IN:IMPEXFERRO
Impex Ferro Tech Ltd
2.32
0.24
11.54%
IN:METKORE
Metkore Alloys & Industries Limited
―
―
―
IN:MILTONPLAS
MPL Plastics Ltd
6.30
-4.02
-38.95%
IN:SALSTEEL
S.A.L. Steel Ltd.
60.85
42.52
231.97%
IN:SHAHALLOYS
Shah Alloys Limited
71.44
15.59
27.91%
Grand Foundry Ltd. Corporate Events
Grand Foundry Publishes FY26 Unaudited Results, Highlights Regulatory Compliance
May 8, 2026
Grand Foundry Ltd. has published its unaudited standalone financial results for the quarter and year ended March 31, 2026, and has placed newspaper advertisements of these results in the Financial Express and Marathi daily Aapla Mahanagar. The dis...
Grand Foundry Shuts Trading Window Ahead of FY 2026 Results
Mar 23, 2026
Grand Foundry Limited has announced the closure of its trading window for directors, designated persons, and their immediate relatives from 1 April 2026 until 48 hours after the declaration of audited financial results for the quarter and year end...
Public Announcement Signals Potential Change in Grand Foundry’s Shareholding
Mar 4, 2026
D A Financial Services (P) Ltd has issued a public announcement addressed to shareholders of Grand Foundry Ltd regarding a substantial acquisition and potential takeover under the Securities and Exchange Board of India’s takeover regulation...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.