Ganga Papers India Ltd

Ganga Papers Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ganga Papers India Ltd

₹ 108 -4.98%
20 Feb - close price
gangapapers.in BSE: 531813
About

Ganga was initially incorporated as Kasat Paper & Pulp in 1985.The company manufactures Kraft Paper, Pulp, News Print, writing printing paper and Packaging Paperboard [1][2]

Key Points

Company History[1]
Ganga Papers India Limited, GPIL (formerly Kasat Paper and Pulp Ltd) was incorporated in 1985. The company was initially promoted by Mr Shrikant Mohanlal Kasat in 1985 and was taken public in 1996. The company was declared sick company and was registeredwith BIFR in 2003 due to adverse operating conditions. The plant remained non-operational between 2003 and 2006. Under the BIFR rehabilitation programme, it was taken over by new promoters, Mr Ramesh Chaudhary and Mr. Sharwan Kumar Kanodia in 2006.

Website BSE
  • Market Cap ₹ 116 Cr.
  • Current Price ₹ 108
  • High / Low ₹ 140 / 86.6
  • Stock P/E 76.6
  • Book Value ₹ 27.6
  • Dividend Yield 0.00 %
  • ROCE 6.93 %
  • ROE 5.22 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 3.91 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 13.3% over last 3 years.
  • Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Paper Industry: Paper

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Quarterly Results

Figures in Rs. Crores

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
73.08 77.29 86.29 71.15 67.60 72.90 62.16 56.94 64.01 62.39 65.73 57.32 70.47
70.98 74.45 83.37 68.12 65.76 71.52 60.48 55.38 62.38 60.55 64.28 55.84 69.20
Operating Profit 2.10 2.84 2.92 3.03 1.84 1.38 1.68 1.56 1.63 1.84 1.45 1.48 1.27
OPM % 2.87% 3.67% 3.38% 4.26% 2.72% 1.89% 2.70% 2.74% 2.55% 2.95% 2.21% 2.58% 1.80%
0.75 0.31 0.04 0.06 0.05 0.03 0.04 0.10 0.04 0.14 0.03 0.03 0.03
Interest 0.75 0.82 0.69 0.80 0.75 0.51 0.75 0.71 0.69 0.63 0.51 0.58 0.30
Depreciation 0.53 0.53 0.52 0.52 0.55 0.56 0.56 0.56 0.56 0.56 0.55 0.55 0.55
Profit before tax 1.57 1.80 1.75 1.77 0.59 0.34 0.41 0.39 0.42 0.79 0.42 0.38 0.45
Tax % 35.03% 15.00% 24.57% 28.25% 25.42% 32.35% 24.39% 30.77% 26.19% 25.32% 26.19% 10.53% 35.56%
1.02 1.53 1.32 1.27 0.44 0.23 0.31 0.27 0.31 0.59 0.31 0.34 0.28
EPS in Rs 0.95 1.42 1.22 1.18 0.41 0.21 0.29 0.25 0.29 0.55 0.29 0.32 0.26
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
63 67 74 74 81 102 132 140 177 282 297 246 256
59 63 71 71 77 98 126 133 168 271 288 239 250
Operating Profit 4 4 3 3 4 4 6 7 8 12 9 7 6
OPM % 7% 6% 4% 5% 5% 4% 5% 5% 5% 4% 3% 3% 2%
0 0 0 0 0 -0 1 1 2 0 0 0 0
Interest 1 3 2 2 2 2 3 3 2 3 3 3 2
Depreciation 0 0 1 1 1 1 2 2 2 2 2 2 2
Profit before tax 3 1 1 1 1 2 2 2 6 7 4 2 2
Tax % 3% 2% 11% 9% -35% 3% 19% 11% 25% 26% 27% 26%
3 1 1 1 2 1 2 2 4 5 3 1 2
EPS in Rs 2.43 1.20 0.95 0.98 1.61 1.38 1.52 1.72 3.83 4.97 3.01 1.37 1.42
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 14%
5 Years: 13%
3 Years: 12%
TTM: 0%
Compounded Profit Growth
10 Years: 1%
5 Years: -2%
3 Years: -29%
TTM: 36%
Stock Price CAGR
10 Years: 22%
5 Years: 35%
3 Years: 19%
1 Year: -11%
Return on Equity
10 Years: 15%
5 Years: 15%
3 Years: 13%
Last Year: 5%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 11 11 11 11 11 11 11 11 11 11 11 11 11
Reserves -5 -4 -4 -3 -1 1 2 4 8 14 17 18 19
31 22 23 19 24 32 37 37 39 41 44 37 39
5 5 7 10 9 9 13 15 25 29 22 17 15
Total Liabilities 42 34 37 37 43 52 63 67 83 95 94 84 84
6 10 9 8 8 7 28 28 25 23 22 20 19
CWIP 2 2 2 3 7 22 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
34 22 26 26 29 23 35 40 57 72 72 63 65
Total Assets 42 34 37 37 43 52 63 67 83 95 94 84 84

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2 14 1 2 2 8 0 7 1 2 -7 9
-0 -4 -0 -0 -5 -14 -2 -1 -0 -0 -0 -0
-2 -10 -1 -5 3 7 2 -2 0 0 1 -10
Net Cash Flow 0 0 -0 -3 0 0 0 4 1 2 -6 -1

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 38 26 31 39 43 28 48 43 69 42 46 54
Inventory Days 137 99 83 103 88 53 49 49 14 25 40 39
Days Payable 32 32 34 57 49 38 46 50 51 29 25 22
Cash Conversion Cycle 142 93 80 85 82 42 50 42 32 39 61 71
Working Capital Days 99 65 63 67 62 30 39 42 46 44 60 68
ROCE % 12% 12% 10% 10% 10% 9% 11% 11% 14% 16% 10% 7%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
74.98% 74.98% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99%
0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25%
24.77% 24.77% 24.78% 24.77% 24.77% 24.76% 24.77% 24.78% 24.77% 24.77% 24.77% 24.78%
No. of Shareholders 481592616631657645672701834859874861

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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