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Grand Foundry Ltd.
(GFSTEELS)
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Rating:52Neutral
Price Target:
₹40.00
▲(301.20% Upside)
Action:Reiterated
Date:10/02/26
The score is held back primarily by weak financial quality (negative equity, high debt, and persistently negative operating/free cash flow), which outweighs the FY2026 earnings rebound. Technicals are supportive with a strong uptrend and positive momentum, but valuation is a headwind due to the elevated P/E and no dividend yield data.
Positive Factors
Revenue Rebound
The sharp FY2026 revenue rebound indicates that the company regained meaningful business activity after several years of a much smaller and volatile revenue base. If this higher revenue level persists, it could provide a broader platform for operating leverage and future earnings recovery.
Negative Factors
Negative Equity and High Debt
Deeply negative equity combined with rising debt signals a heavily stressed capital structure and leaves limited balance-sheet flexibility. This can constrain investment choices and increase dependence on refinancing or external support, making the recent earnings recovery less secure over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Rebound
The sharp FY2026 revenue rebound indicates that the company regained meaningful business activity after several years of a much smaller and volatile revenue base. If this higher revenue level persists, it could provide a broader platform for operating leverage and future earnings recovery.
Read all positive factors
Grand Foundry Ltd. (GFSTEELS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.18B
Dividend YieldN/A
Average Volume (3M)1.77K
Price to Earnings (P/E)39.7
Beta (1Y)-0.47
Revenue GrowthN/A
EPS GrowthN/A
CountryIN
Employees5
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)1.13
Shares Outstanding30,430,000
10 Day Avg. Volume3,095
30 Day Avg. Volume1,767
Financial Highlights & Ratios
PEG Ratio-1.62
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, established in 1973 and headquartered in Mumbai, India, specializes in the worldwide manufacturing and distribution of stainless steel bright bars and wires. The company serves an international market that includes India, th...
How the Company Makes Money
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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 | 416.69M | 105.26M | 205.00K | 277.00K | 1.01M | 0.00 |
| Gross Profit | 52.63M | 13.71M | 205.00K | 217.00K | 10.00K | 0.00 |
| EBITDA | 32.23M | 7.44M | 4.00K | 0.00 | -3.31M | -1.93M |
| Net Income | 34.64M | 1.81M | -6.81M | -5.65M | -11.06M | -2.10M |
Balance Sheet | ||||||
| Total Assets | 399.13M | 133.67M | 54.00K | 286.00K | 389.00K | 8.00M |
| Cash, Cash Equivalents and Short-Term Investments | 1.42M | 1.01M | 36.00K | 59.00K | 40.00K | 200.00K |
| Total Debt | 62.37M | 67.92M | 55.83M | 48.89M | 43.56M | 0.00 |
| Total Liabilities | 425.53M | 188.21M | 56.40M | 49.83M | 44.28M | 40.83M |
| Stockholders Equity | -26.41M | -54.53M | -56.35M | -49.54M | -43.89M | -32.83M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -5.49M | -6.96M | -5.39M | -44.02M | 7.61M |
| Operating Cash Flow | 0.00 | -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 | 0.00 | 6.47M | 6.94M | 5.41M | 43.26M | 22.78M |
Grand Foundry Ltd. Technical Analysis
Positive
9.97
Price Trends
25.83
Positive
19.14
Positive
14.93
Positive
Market Momentum
4.24
Positive
68.79
Neutral
12.13
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GFSTEELS, the sentiment is Positive. The current price of 9.97 is below the 20-day moving average (MA) of 38.31, below the 50-day MA of 25.83, and below the 200-day MA of 14.93, indicating a bullish trend. The MACD of 4.24 indicates Positive momentum. The RSI at 68.79 is Neutral, neither overbought nor oversold. The STOCH value of 12.13 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:GFSTEELS.
Grand Foundry Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹34.94B | 38.73 | ― | 0.52% | 8.91% | 14.58% | |
62 Neutral | ₹29.00B | 29.57 | ― | ― | 17.48% | 17.79% | |
61 Neutral | ₹349.19M | 2.54 | ― | ― | ― | ― | |
57 Neutral | ₹41.13B | 33.99 | ― | 1.35% | -15.69% | -78.92% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹1.18B | 39.66 | ― | ― | ― | ― | |
47 Neutral | ₹574.00M | 94.37 | ― | 0.39% | 19.54% | -60.99% |
* General Sector Average
IN:GFSTEELS
Grand Foundry Ltd.
38.89
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329.72%
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Grand Foundry Ltd. Corporate Events
Tikona Communication to Acquire Majority Stake in Tikona Infinet
Sep 12, 2026
Tikona Communication Limited’s board has approved the acquisition of a 62.01% stake in Tikona Infinet Private Limited, a wireless broadband provider serving home and enterprise customers with a turnover of INR 218.86 crore in FY 2024-25. The...
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.