Garg Furnace (BOM:530615) Construction In Progress: ₹378 Mil (As of Mar. 2026)


BOM:530615 Garg Furnace Ltd BOM:530615
68 GF Score
Price ₹115.35
GF Value ₹178.57
Valuation Significantly Undervalued
! 6 Warning Signs
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What is Garg Furnace Construction In Progress?

Garg Furnace BOM:530615 +0.61% 68 Construction In Progress is ₹378 Mil as of Mar. 2026. GuruFocus rates BOM:530615 with a GF Score™ of 68/100 and a GF Value™ of ₹178.57 (Significantly Undervalued). The stock has 6 warning signs investors should review.

Garg Furnace's quarterly construction in progress declined from Sep. 2025 (₹88 Mil) to Dec. 2025 (₹0 Mil) but then increased from Dec. 2025 (₹0 Mil) to Mar. 2026 (₹378 Mil).

Garg Furnace's annual construction in progress increased from Mar. 2024 (₹0 Mil) to Mar. 2025 (₹1 Mil) and increased from Mar. 2025 (₹1 Mil) to Mar. 2026 (₹378 Mil).

Garg Furnace Construction In Progress Historical Data

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The historical data trend for Garg Furnace's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Garg Furnace Construction In Progress Chart

Garg Furnace Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 2.68 0.00 1.16 378.26

Garg Furnace Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.16 0.00 88.10 0.00 378.26
BOM:530615
68GF Score
Garg Furnace Ltd BOM:530615
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Garg Furnace Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of ₹378 Mil mean?
Garg Furnace (BOM:530615) has a Construction In Progress of ₹378 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Garg Furnace and its competitors.
Is Garg Furnace's Construction In Progress too high?
Garg Furnace's current Construction In Progress is ₹378 Mil. Overall, Garg Furnace has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Garg Furnace's Construction In Progress compare to NUE and STLD?
Garg Furnace's Construction In Progress of ₹378 Mil can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Steel company?
A good Construction In Progress depends on the Steel industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Garg Furnace and its competitors. Garg Furnace's current Construction In Progress is ₹378 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Garg Furnace stock overvalued right now?
Based on GuruFocus' analysis, Garg Furnace (BOM:530615) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹178.57, compared to a current price of ₹115.35 — trading 35.4% below its estimated fair value. The current Construction In Progress is ₹378 Mil. Garg Furnace's overall GF Score™ is 68/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Garg Furnace (BOM:530615), the current Construction In Progress is ₹378 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Garg Furnace (BOM:530615) Overvalued in 2026?

Based on GuruFocus' analysis, Garg Furnace stock appears to be undervalued. The current stock price of ₹115.35 is trading 35.4% below its estimated GF Value™ of ₹178.57. GuruFocus considers Garg Furnace to be Significantly Undervalued.

Key valuation signals for BOM:530615:

  • Construction In Progress: ₹378 Mil
  • GF Value™: ₹178.57 vs. price of ₹115.35 (35.4% below fair value)
  • GF Score™: 68/100 with 6 warning signs

No single metric tells the full story. See the BOM:530615 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Garg Furnace Business Description

Address Kanganwal Road, G.T. Road, V.P.O. Jugiana, Ludhiana, PB, IND, 141120
Garg Furnace Ltd is an India-based company. It is engaged in the manufacturing and trading of alloy and non-alloy steel ingots, wire rods, wire round, mig wire, and casting of iron products. The company operates in a single reportable segment which is the business of manufacturing of Iron and Steel Products such as M.S. Round Ingot, Wire Rod, etc. Geographically, it operates only in India.
68GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹115.35
Price
₹178.57
GF Value