G G Engineering’s share price currently stands at ₹2.02, showing a slight increase of 0.49% from the previous day. Despite this, the company is experiencing financial challenges, reporting a loss of ₹2.18 crore in the June 30, 2024 quarter after three consecutive profitable quarters. Why G G Engineering’s share price falling is a key concern, as the stock has seen a -19.2% decline over the past month and -81.68% over the past three years, significantly underperforming compared to the Nifty Smallcap 100. The stock’s PE ratio is high at 51.52, with a PB ratio of 3.19, and a beta of 0.20, indicating limited volatility. Promoter holdings have decreased to 1.71%, while other investor holdings have increased to 98.29%. The company operates in the engineering sector, primarily dealing in iron and steel, with notable figures like Managing Director Atul Sharma and CEO Anshu Jain at the helm. Despite a market capitalization of ₹236.24 crore, concerns over its financial stability and performance continue to impact investor confidence.
G G Engineering Share Price Overview
G G Engineering Stock Information
- NIFTY: 24,285.00 (-0.05%)
- SENSEX: 79,359.01 (-0.13%)
- G G Engineering Share Price: ₹2.02 (+0.49%)
- Volume: 3,607,574
G G Engineering Key Metrics
- PE Ratio (x): 51.52
- EPS – TTM (₹): 0.04
- Market Cap (₹ Cr.): 236.24
- Sectoral Market Cap Rank: 76
- PB Ratio (x): 3.19
- Dividend Yield (%): 0.00
- Face Value (₹): 1.00
- Beta: 0.20
- VWAP (₹): 2.01
- 52W H/L (₹): 2.97 / 1.07
G G Engineering Share Price Returns
- 1 Day: 0.49%
- 1 Week: -2.88%
- 1 Month: -19.2%
- 3 Months: -9.82%
- 1 Year: 44.29%
- 3 Years: -81.68%
- 5 Years: -29.86%
G G Engineering Financials (₹ Cr, unless mentioned otherwise)
- Jun 2023:
- Total Income: 18.57
- Total Expenses: 18.11
- EBIT: 0.46
- Profit after Tax (PAT): 0.51
- EBIT Margin (%): 2.48
- Net Profit Margin (%): 2.75
- Basic EPS (₹): 0.01
- Mar 2023:
- Total Income: 30.28
- Total Expenses: 25.01
- EBIT: 5.27
- Profit after Tax (PAT): 4.78
- EBIT Margin (%): 17.41
- Net Profit Margin (%): 15.79
- Basic EPS (₹): 0.13
G G Engineering Shareholding Pattern
- Promoters:
- 30 Jun 2024: 1.71%
- 31 Mar 2024: 1.97%
- Others:
- 30 Jun 2024: 98.29%
- 31 Mar 2024: 98.03%
G G Engineering Corporate Actions
- Board Meeting for Quarterly Results: 23 Jul 2024
- Board Meeting for Audited Results: 25 Apr 2024
- Quarterly Results Board Meeting: 18 Jan 2024
- AGM: 29 Sep 2023
Why G G Engineering Share Price Falling?
Why GG Engineering share price falling is a crucial question for investors. The recent data indicates several factors contributing to the decline in GG Engineering share price:
- Quarterly Loss: The company reported a loss of ₹2.18 crore in the quarter ending June 30, 2024, after three consecutive quarters of profit. This is a significant shift that raises concerns about the company’s profitability.
- Declining Total Income: There was a sharp decline in total income by 38.69% from ₹30.28 crore in March 2023 to ₹18.57 crore in June 2023. Such a drop in revenue can negatively impact investor confidence and the stock price.
- Increasing Total Expenses: While total income decreased, the company’s expenses, although reduced, were still substantial at ₹18.11 crore for June 2023, leading to a lower EBIT and ultimately a loss.
- Negative Growth in Key Financial Metrics: Key metrics such as EBIT and PAT showed negative growth. EBIT dropped by 91.27% and PAT by 89.31%, highlighting operational inefficiencies and financial struggles.
- Market Sentiment: The share price has also been affected by broader market conditions and investor sentiment. The stock has underperformed compared to the Nifty Smallcap 100, showing a 3-year return of -81.77% as compared to the index’s 71.35%.
- Reduced Promoter Holding: The promoter holding decreased from 1.97% in March 2024 to 1.71% in June 2024, which might indicate a lack of confidence among the promoters themselves.
Conclusion
Understanding why GG Engineering share price falling involves looking at multiple factors including financial performance, market conditions, and internal company decisions. The decline in income, increase in expenses, and reduced profitability are key reasons why GG Engineering share price falling.
