Garg Furnace

Garg Furnace Limited is an Indian public company engaged in manufacturing and trading essential iron and steel products like M.S. Round, Ingot, and Wire Rod. The company's main focus is on enhancing quality and efficiency, which has strengthened its market position and increased customer satisfaction. A key strategic initiative is to source 97% of its raw materials, primarily scrap, directly from suppliers to improve operational efficiency. Currently, the company procures 60% of its raw materials using a direct-buying strategy, which helps in reducing costs and improving quality control. To further add value, the company has recently entered the alloy steel market, which will enable it to cater to new customers and markets. This robust business model has allowed the company to consistently achieve and maintain an impressive Return on Equity (ROE) of approximately 30%.;