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Grand Foundry Ltd.
(GFSTEELS)
Select Model
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Rating:50Neutral
Price Target:
₹13.50
▲(35.41% Upside)
Action:Reiterated
Date:08/23/26
The score is held down primarily by weak financial quality—negative equity, elevated/rising debt, and inconsistent negative cash flow—even after FY2026’s profitability rebound. Technicals are supportive with an uptrend across moving averages and positive MACD, but the Stochastic reading signals a potentially overheated setup. Valuation is roughly middling (P/E ~19) with no dividend yield to offset financial risk.
Positive Factors
Operating Profitability Rebound
FY2026 marked a return to positive EBIT after several loss-making years. Sustained operating profitability would improve the business model's resilience and create a foundation for balance-sheet repair, though durability is not yet proven.
Negative Factors
Negative Shareholder Equity
Persistently negative equity indicates a heavily stressed capital structure and limited balance-sheet protection for stakeholders. This can restrict financing options, increase solvency risk, and make future investment or growth more dependent on external capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating Profitability Rebound
FY2026 marked a return to positive EBIT after several loss-making years. Sustained operating profitability would improve the business model's resilience and create a foundation for balance-sheet repair, though durability is not yet proven.
Read all positive factors
Grand Foundry Ltd. (GFSTEELS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹405.33M
Dividend YieldN/A
Average Volume (3M)136.00
Price to Earnings (P/E)19.0
Beta (1Y)-0.15
Revenue GrowthN/A
EPS GrowthN/A
CountryIN
Employees5
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)-0.20
Shares Outstanding30,430,000
10 Day Avg. Volume75
30 Day Avg. Volume136
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 | 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 | -2.93M | -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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹33.19B | 36.26 | ― | 0.55% | 8.91% | 14.58% | |
62 Neutral | ₹24.41B | 26.39 | ― | ― | 17.48% | 17.79% | |
57 Neutral | ₹51.80B | 42.42 | ― | 1.08% | -15.69% | -78.92% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹337.45M | 2.45 | ― | ― | ― | ― | |
50 Neutral | ₹405.33M | 18.99 | ― | ― | ― | ― | |
47 Neutral | ₹670.25M | 107.89 | ― | 0.39% | 19.54% | -60.99% |
* General Sector Average
IN:GFSTEELS
Grand Foundry Ltd.
13.32
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47.18%
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IN:PRAKASHSTL
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IN:RATNAVEER
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IN:STEELCAS
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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.