Ganges Securities Ltd

Ganges Securitie Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ganges Securities Ltd

₹ 201 4.55%
22 Nov - close price
gangessec.com BSE: 540647 NSE: GANGESSECU
About

Incorporated in 2015, Ganges Securities Ltd deals in securities mainly of group companies and in immovable properties. It is also into tea business[1]

Key Points

Business Overview:[1][2]
Company is a part of K K Birla Group of Companies. It is in the businesses related to investments, tea, property and professional services. Company has operations in investment in securities, and is also in the business of CTC Tea Manufacturing and processing through its subsidiary company i.e CinnatolliahTea Limited

Website BSE NSE
  • Market Cap ₹ 202 Cr.
  • Current Price ₹ 201
  • High / Low ₹ 230 / 111
  • Stock P/E 35.4
  • Book Value ₹ 712
  • Dividend Yield 0.00 %
  • ROCE 1.18 %
  • ROE 0.69 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.28 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 2.14% over past five years.
  • Company has a low return on equity of 1.39% over last 3 years.

* 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: Finance Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
15.73 12.36 2.44 8.08 19.48 9.27 4.47 5.89 13.33 12.97 2.64 7.72 15.16
7.30 9.60 5.21 6.77 5.57 9.61 7.77 6.21 4.49 11.66 7.04 6.09 6.23
Operating Profit 8.43 2.76 -2.77 1.31 13.91 -0.34 -3.30 -0.32 8.84 1.31 -4.40 1.63 8.93
OPM % 53.59% 22.33% -113.52% 16.21% 71.41% -3.67% -73.83% -5.43% 66.32% 10.10% -166.67% 21.11% 58.91%
-0.05 -0.03 0.36 0.60 0.05 0.67 0.68 0.17 0.17 0.65 0.29 0.12 0.18
Interest 0.04 0.08 0.04 0.04 0.12 0.00 0.01 0.00 0.00 0.01 0.01 0.00 0.00
Depreciation 0.19 0.19 0.19 0.17 0.18 0.19 0.19 0.19 0.20 0.20 0.19 0.19 0.19
Profit before tax 8.15 2.46 -2.64 1.70 13.66 0.14 -2.82 -0.34 8.81 1.75 -4.31 1.56 8.92
Tax % 4.79% 28.46% -3.79% 17.06% 23.43% -350.00% -2.84% 52.94% 24.29% 23.43% -6.96% 26.92% 18.95%
7.76 1.77 -2.54 1.40 10.45 0.63 -2.74 -0.52 6.67 1.34 -4.01 1.14 7.22
EPS in Rs 7.76 1.77 -2.54 1.40 10.45 0.63 -2.74 -0.52 6.67 1.34 -4.01 1.14 7.22
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
0.00 28.70 33.47 32.09 31.87 34.81 34.41 41.93 35.68 38.49
0.04 20.80 20.37 22.43 22.47 22.84 26.00 29.74 29.39 31.02
Operating Profit -0.04 7.90 13.10 9.66 9.40 11.97 8.41 12.19 6.29 7.47
OPM % 27.53% 39.14% 30.10% 29.49% 34.39% 24.44% 29.07% 17.63% 19.41%
0.00 0.11 0.19 0.32 0.12 0.51 1.61 1.38 0.41 1.24
Interest 0.00 0.18 0.82 0.51 0.16 0.08 0.20 0.17 0.01 0.02
Depreciation 0.00 1.23 1.25 0.73 0.65 0.70 0.74 0.73 0.78 0.77
Profit before tax -0.04 6.60 11.22 8.74 8.71 11.70 9.08 12.67 5.91 7.92
Tax % 0.00% 11.36% 17.74% 13.96% 18.03% 16.32% 11.89% 23.05% 41.12%
-0.04 5.85 9.23 7.52 7.14 9.79 7.99 9.75 3.48 5.69
EPS in Rs 5.85 9.23 7.52 7.14 9.79 7.99 9.75 3.48 5.69
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: 2%
3 Years: 1%
TTM: 17%
Compounded Profit Growth
10 Years: %
5 Years: -14%
3 Years: -29%
TTM: 41%
Stock Price CAGR
10 Years: %
5 Years: 38%
3 Years: 34%
1 Year: 51%
Return on Equity
10 Years: %
5 Years: 2%
3 Years: 1%
Last Year: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.05 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00
Reserves -0.04 75.08 84.25 303.91 198.40 327.78 613.72 441.15 535.23 701.79
0.00 11.50 6.25 2.45 2.58 2.47 2.63 0.00 0.00 0.00
0.00 4.75 4.80 6.07 6.20 5.94 14.36 6.14 25.06 38.92
Total Liabilities 0.01 101.33 105.30 322.43 217.18 346.19 640.71 457.29 570.29 750.71
0.00 11.47 11.34 11.11 11.71 12.00 12.07 12.28 13.83 14.48
CWIP 0.00 0.76 0.50 0.81 0.67 0.68 1.32 2.27 0.83 0.25
Investments 0.00 35.73 35.73 247.75 135.47 256.49 554.19 383.40 493.12 677.87
0.01 53.37 57.73 62.76 69.33 77.02 73.13 59.34 62.51 58.11
Total Assets 0.01 101.33 105.30 322.43 217.18 346.19 640.71 457.29 570.29 750.71

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0.04 -13.58 3.11 6.08 10.57 5.11 16.67 23.13 -5.22
0.00 20.03 6.91 -0.80 -1.02 -2.54 -22.26 -21.30 -0.85
0.00 10.00 -6.07 -5.06 -0.10 -0.04 -0.07 -2.83 -0.04
Net Cash Flow -0.04 16.44 3.95 0.22 9.45 2.53 -5.66 -0.99 -6.11

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 12.46 14.83 18.65 15.35 6.19 1.59 7.14 5.63
Inventory Days
Days Payable
Cash Conversion Cycle 12.46 14.83 18.65 15.35 6.19 1.59 7.14 5.63
Working Capital Days 354.57 322.25 69.16 51.77 30.30 38.93 14.71 20.46
ROCE % 13.83% 12.22% 4.43% 3.42% 4.27% 1.92% 2.37% 1.18%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
64.19% 66.04% 66.64% 66.64% 66.64% 66.64% 66.64% 66.64% 66.64% 66.64% 66.64% 66.64%
0.00% 0.12% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01%
2.67% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
33.14% 33.83% 33.35% 33.36% 33.35% 33.35% 33.35% 33.36% 33.35% 33.34% 33.34% 33.34%
No. of Shareholders 5,2195,0194,8544,8715,2595,1164,9875,2375,1795,5365,4575,395

* 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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Documents

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