MarketFriction

Ganges Securities Ltd

NSE GANGESSECU · BSE 540647 · Tea & Coffee
₹113.99 +1.41%
NSE close2026-10-01
52 week range103.31 - 178.15
Market cap₹113 Cr.
P/E39.2
Price band 20% Delivery 79.8%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales13.3312.972.647.7215.1613.102.006.3615.5111.243.007.70
Expenses4.4911.666.915.976.2311.607.675.4810.569.016.616.91
Operating Profit8.841.31-4.271.758.931.50-5.670.884.952.23-3.610.79
OPM %66.32%10.10%-161.74%22.67%58.91%11.45%-283.50%13.84%31.91%19.84%-120.33%10.26%
Other Income0.170.650.16-0.120.18-0.190.730.600.040.190.150.88
Interest0.000.010.010.000.000.000.010.000.000.000.000.00
Depreciation0.200.200.190.190.190.190.470.160.200.220.200.21
Profit before tax8.811.75-4.311.448.921.12-5.421.324.792.20-3.661.46
Tax %24.29%23.43%-6.96%27.08%18.95%28.57%-31.55%21.97%39.25%33.64%-26.23%16.44%
Net Profit6.671.34-4.011.057.220.80-3.711.032.911.46-2.711.22
EPS in Rs6.671.34-4.011.057.220.80-3.711.032.911.46-2.711.22
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales0.0028.7033.4732.0931.8734.8134.4141.9335.6838.8236.6637.45
Expenses0.0420.8020.3722.4322.4722.8426.0029.7428.7331.3731.6533.09
Operating Profit-0.047.9013.109.669.4011.978.4112.196.957.455.014.36
OPM %27.53%39.14%30.10%29.49%34.39%24.44%29.07%19.48%19.19%13.67%11.64%
Other Income0.000.110.190.320.120.511.611.38-0.25-0.730.421.26
Interest0.000.180.820.510.160.080.200.170.010.010.010.00
Depreciation0.001.231.250.730.650.700.740.730.781.040.790.83
Profit before tax-0.046.6011.228.748.7111.709.0812.675.915.674.634.79
Tax %0.00%11.36%17.74%13.96%18.03%16.32%11.89%23.05%41.12%10.76%42.12%
Net Profit-0.045.859.237.527.149.797.999.753.485.062.692.88
EPS in Rs5.859.237.527.149.797.999.753.485.062.692.88
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%1%-4%2%
Compounded Profit Growth53%-23%-35%-48%
Stock Price CAGR%5%-2%-23%
Return on Equity2%1%1%0%
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.0510.0010.0010.0010.0010.0010.0010.0010.0010.0010.00
Reserves-0.0475.0884.25303.91198.40327.78613.72441.15535.23666.25529.86
Borrowings0.0011.506.252.452.582.472.630.000.000.000.00
Other Liabilities0.004.754.806.076.205.9414.366.1425.0655.2640.43
Total Liabilities0.01101.33105.30322.43217.18346.19640.71457.29570.29731.51580.29
Fixed Assets0.0011.4711.3411.1111.7112.0012.0712.2813.8313.9015.01
CWIP0.000.760.500.810.670.681.322.270.831.210.89
Investments0.0035.7335.73247.75135.47256.49554.19383.40493.12667.27535.94
Other Assets0.0153.3757.7362.7669.3377.0273.1359.3462.5149.1328.45
Total Assets0.01101.33105.30322.43217.18346.19640.71457.29570.29731.51580.29
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-0.04-13.583.116.0810.575.1116.6723.13-5.2221.3022.06
Cash from Investing Activity0.0020.036.91-0.80-1.02-2.54-22.26-21.30-0.85-19.10-23.76
Cash from Financing Activity0.0010.00-6.07-5.06-0.10-0.04-0.07-2.83-0.04-0.04-0.03
Net Cash Flow-0.0416.443.950.229.452.53-5.66-0.99-6.112.16-1.73
Free Cash Flow-0.04-14.742.725.289.554.1315.2521.30-6.0719.7820.49
CFO/OP100%-159%41%81%128%59%220%208%-41%300%465%
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days12.4614.8318.6515.356.191.597.145.639.5918.52
Inventory Days383.94
Days Payable142.90
Cash Conversion Cycle12.4614.8318.6515.356.191.597.145.639.59259.56
Working Capital Days227.39270.4569.1651.7730.3038.9314.7120.46-9.9716.23
ROCE %13.83%12.22%4.43%3.42%4.27%1.92%2.37%1.31%1.10%0.76%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters66.64%66.64%66.64%66.64%66.64%66.64%66.64%66.64%66.64%66.64%66.64%66.64%
FIIs0.00%0.00%0.00%0.00%0.01%0.08%0.03%0.03%0.03%0.03%0.03%0.03%
DIIs0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public33.36%33.35%33.34%33.34%33.34%33.26%33.32%33.31%33.32%33.32%33.31%33.31%
No. of Shareholders5,2375,1795,5365,4575,3956,0486,0005,8535,7585,6855,5955,528

Fundamentals

Market Cap₹ 113 Cr.
Current Price₹ 113
Stock P/E39.2
Book Value₹ 540
ROCE0.76 %
ROE0.44 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)2%
Compounded Profit Growth (TTM)-48%
Consolidated figures.
Valuation
Market capRs 114 Cr
Enterprise valueRs 108 Cr
P/E (TTM)39.59x
Price to book0.21x
Price to sales3.04x
EV / EBITDA19.25x
EV / EBIT22.58x
EV / sales2.89x
Price to cash flow5.17x
Earnings yield2.53%
P/E, 3-year average33.08x
P/B, 3-year average0.20x
P/E, 5-year average25.12x
P/B, 5-year average0.21x
Profitability
Operating margin (excl. other income)13.67%
Operating margin (incl. other income)14.81%
EBITDA margin15.03%
Pre-tax margin12.79%
Net profit margin7.69%
Net margin, latest quarter15.84%
ROE0.44%
ROCE0.76%
ROA0.41%
ROE, 3-year average0.66%
ROCE, 3-year average0.96%
ROA, 3-year average0.62%
ROE, 5-year average1.09%
ROCE, 5-year average1.44%
ROA, 5-year average1.05%
ROIC (approx.)0.52%
Tax rate42.12%
Other income / net worth0.08%
Growth
Sales growth (latest year)-5.56%
Profit growth (latest year)-46.84%
Sales CAGR, 3 years-4.38%
Sales CAGR, 5 years1.04%
Profit CAGR, 3 years-34.90%
Profit CAGR, 5 years-22.77%
Sales growth QoQ156.67%
Sales growth YoY (latest quarter)21.07%
Profit growth YoY (latest quarter)18.45%
Per share
EPS (TTM)Rs 2.88
EPS (latest year)Rs 2.69
EPS (latest quarter)Rs 1.22
EPS, 3-year averageRs 3.74
EPS, 5-year averageRs 5.79
Book value per shareRs 539.66
Sales per shareRs 37.44
Cash flow per shareRs 22.05
Free cash flow per shareRs 20.48
Efficiency
Asset turnover0.06x
Fixed asset turnover2.44x
Inventory turnover2.17x
Inventory days168 days
Debtor days19 days
Debtors turnover19.71x
Creditor days143 days
Cash conversion cycle260 days
Working capital days16 days
Leverage
Cash and bankRs 6 Cr
Net debtRs -6 Cr
Net debt / EBITDA-1.00x
Interest coverage480.00x
Owners' fund to total sources93.03%
Cash flow
Cash from Operating Activity (latest year)Rs 22 Cr
Cash from Investing Activity (latest year)Rs -24 Cr
Cash from Financing Activity (latest year)Rs -0 Cr
Net Cash Flow (latest year)Rs -2 Cr
Free cash flow (latest year)Rs 20 Cr
Cash from ops / profit, 5 years2.69x
Sales to cash flow1.66x
Statement figures
Net sales (TTM)Rs 37 Cr
Net sales (latest year)Rs 37 Cr
Sales (latest quarter)Rs 8 Cr
Operating profit excl. other income (latest year)Rs 5 Cr
Operating profit (latest quarter)Rs 1 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 6 Cr
PBDT (TTM)Rs 6 Cr
Profit before tax (TTM)Rs 5 Cr
Tax (latest year)Rs 2 Cr
Net profit (TTM)Rs 3 Cr
Net profit (latest year)Rs 3 Cr
Net profit (latest quarter)Rs 1 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 5 Cr
Total expenditure (latest year)Rs 32 Cr
Total income (latest year)Rs 37 Cr
Share capitalRs 10 Cr
ReservesRs 530 Cr
Shareholders' fundsRs 540 Cr
Total assetsRs 580 Cr
Net blockRs 15 Cr
Capital work in progressRs 1 Cr
InvestmentsRs 536 Cr
ReceivablesRs 2 Cr
InventoryRs 2 Cr
Other liabilitiesRs 40 Cr
Shares outstanding (crore)1.00
Ownership
Promoter holding66.64% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 39.6 is at the 83th percentile of its own 9.3-year range (median 12.4, low 2.9, high 145.7).
P/B 0.21 is at the 30th percentile (median 0.26).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodGANGESSECUNifty 50Difference
1 week-1.4%-2.8% +1.4 pts
1 month-3.1%-6.8% +3.6 pts
3 months-5.0%-7.6% +2.7 pts
6 months+4.7%+0.4% +4.3 pts
1 year-24.7%-9.9% -14.8 pts
2 years-31.8%-13.6% -18.3 pts
3 years-5.5%+14.2% -19.7 pts
5 years+26.3%+27.9% -1.6 pts

Red flags

F-score 6 of 8
lookAuditor change Auditor change 2026-05-14: Ganges Securities Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹8 Cr +21.1% vs Jun 2025. Net profit ₹1 Cr +18.4%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-08-16Annual General Meeting
2023-07-21Annual General Meeting
2022-07-08Annual General Meeting
2021-08-17 Annual General Meeting
2020-09-15 Annual General Meeting
2019-08-26 Annual General Meeting
2018-09-14 Annual General Meeting
2017-09-14 Annual General Meeting
DateTypeWhat it says
2026-09-03Clarification - Financial ReThe Exchange has sought clarification from Ganges Securities Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (List...
2026-08-13General UpdatesGeneral Updates
2026-08-13Board meeting outcomeGanges Securities Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-11Shareholder meetingVoting results.
2026-08-11Shareholder meetingProceedings of Annual General Meeting held on August 11, 2026
2026-07-20UpdatesDisclosure under Requlation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
2026-07-20Shareholder meetingNotice of Annual General Meeting to be held on August 11, 2026
2026-07-13UpdatesCertificate under SEBI (Depositories and Participants) Regulations, 2018 .
2026-06-09Disclosure under SEBI TakeovSIL Investments Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Subst...
2026-06-03Disclosure under SEBI TakeovSonali Commercial Limited,Nandini Nopany, Chandra shekhar Nopany,Urvi Mittal, Arhant V Nopany, Shekhar Family Trust, Shruti Family Trust, New India Re...
2026-05-14Change in AuditorsChange in Auditors of the company.
2026-05-14Board meeting outcomeOutcome of Board Meeting
2026-04-06UpdatesCertificate in terms of Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.
2026-03-20General UpdatesGeneral Updates
2026-02-11Board meeting outcomeBoard meeting held on February 11, 2026.
2026-02-11Board meeting outcomeGanges Securities Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2026-01-07UpdatesCertificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.
2025-12-23Reply to Clarification- FinaThe Exchange had sought clarification from Ganges Securities Limited for the quarter ended 30-Jun-2025 with respect to Regulation 33 of the SEBI (List...
2025-11-18General UpdatesGeneral Updates
2025-11-14General UpdatesGeneral Updates
2025-11-14Board meeting outcomeGanges Securities Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-03-16NCLTGanges Securities Ltd with Uttar Pradesh Trading Company Ltd Vs
2020-11-11NCLTGanges Securities Ltd with Uttar Pradesh Trading Company Ltd Vs
2020-09-22NCLTM/s Ganges Securities Ltd Vs
2020-09-07NCLTM/s Ganges Securities Ltd Vs
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Less than 100 unique PAN traded in previous 30 days

Quick answers

What is the market cap of Ganges Securities Ltd?

Ganges Securities Ltd (GANGESSECU) has a market capitalisation of Rs 113 Cr. at the 2026-10-01 close.

What is the P/E ratio of Ganges Securities Ltd?

Ganges Securities Ltd trades at a P/E of 39.2 on trailing twelve-month profit, at the 2026-10-01 close.

What were Ganges Securities Ltd's latest quarterly results?

In the Jun 2026 quarter, Ganges Securities Ltd sales was Rs 8 Cr (+21.1% vs Jun 2025) and net profit was Rs 1 Cr.

What is the 52-week high and low of Ganges Securities Ltd?

The 52-week high is Rs 178.15 and the 52-week low is Rs 103.31.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03