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About Garg Furnace Ltd
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Incorporated in Dec.`73 as a private limited company, Garg Furnace Ltd was converted into a public limited company in Feb.`76. Promoted by Dharam Pal Garg and Jagdish Chand Garg, the Company manufacture and deal into Iron and Steel products such as M.S. Round, Ingot, Wire Rod etc. Its manufacturing plants are situated at Ludhiana, in Punjab. The company commenced operations in 1974 with a 1-tonne capacity arc furnace to manufacture steel casting. In 1981, the arc furnace was scrapped, as its technology was not so successful and during the same year, it installed a 0.5-metric tonne capacity induction melting furnace. In 1988, it added a rolling mill for the manufacture of MS hot rolled rounds. The melting capacity was increased in the years 1989, 1991, 1994 and again in Mar.`93. In 1995, the company completed expansion-cum-forward integration plan to put up a new induction melting furnace to enhance its ingots manufacturing capacity from 48,000 tpa to 72,000 tpa and to also to set up a wire rod mill with an installed capacity of 30,000 tpa. It tapped the capital market in Apr.`95 to part-finance the project. The 66KV Sub Station Project implemented was made operational during 2011-12.
Garg Furnace share price as on 20 Jul 2025 is Rs. 228.7. Over the past 6 months, the Garg Furnace share price has decreased by 9.6% and in the last one year, it has decreased by 24.77%. The 52-week low for Garg Furnace share price was Rs. 156 and 52-week high was Rs. 441.2.
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Garg Furnace Ltd FAQs
You can buy Garg Furnace Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Garg Furnace Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Jul 18, 2025 04:01 PM the closing price of Garg Furnace Ltd was Rs.228.70.
The latest PE ratio of Garg Furnace Ltd as of Jul 18, 2025 04:01 PM is 16.20
The latest PB ratio of Garg Furnace Ltd as of Jul 18, 2025 04:01 PM is 0.51
The 52-week high of Garg Furnace Ltd share price is Rs. 441.20 while the 52-week low is Rs. 156.00
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jul 18, 2025 04:01 PM, the market cap of Garg Furnace Ltd stood at Rs. 114.56 Cr.
Market Outlook
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