Ganesha Ecoverse Ltd
₹ 41.7
3.96%
04 Jul
- close price
About
Incorporated in 2003, Ganesha Ecoverse Ltd is in the business of handling plastic waste/scraps and dealing in all kinds of plastic and textile products[1]
Key Points
- Market Cap ₹ 103 Cr.
- Current Price ₹ 41.7
- High / Low ₹ 62.6 / 0.00
- Stock P/E
- Book Value ₹ 22.0
- Dividend Yield 0.00 %
- ROCE -2.55 %
- ROE -4.62 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 5,049 to 18.8 days.
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -5.70% over past five years.
- Promoter holding is low: 1.34%
- Company has a low return on equity of -1.32% over last 3 years.
- Promoter holding has decreased over last 3 years: -42.5%
* 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
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Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 9.50 | 1.40 | 0.02 | 0.00 | 0.00 | 9.63 | 0.00 | 23.10 | 0.10 | 5.93 | 7.18 | |
| 0.01 | 9.39 | 1.54 | -0.25 | -0.15 | -0.02 | 11.03 | 0.08 | 23.49 | 2.54 | 6.02 | 11.86 | |
| Operating Profit | -0.01 | 0.11 | -0.14 | 0.27 | 0.15 | 0.02 | -1.40 | -0.08 | -0.39 | -2.44 | -0.09 | -4.68 |
| OPM % | 1.16% | -10.00% | 1,350.00% | -14.54% | -1.69% | -2,440.00% | -1.52% | -65.18% | ||||
| 0.03 | 0.16 | 0.36 | 0.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.13 | 6.46 | 3.39 | |
| Interest | 0.00 | 0.12 | 0.13 | 0.24 | 0.13 | 0.00 | 0.00 | 0.00 | 0.00 | 0.91 | 1.06 | 1.06 |
| Depreciation | 0.00 | 0.05 | 0.04 | 0.03 | 0.02 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 |
| Profit before tax | 0.02 | 0.10 | 0.05 | 0.05 | 0.00 | 0.01 | -1.41 | -0.09 | -0.38 | -3.22 | 5.31 | -2.36 |
| Tax % | 50.00% | 30.00% | 20.00% | 40.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.31% | 20.34% | -38.14% | |
| 0.01 | 0.07 | 0.04 | 0.03 | 0.00 | 0.00 | -1.42 | -0.09 | -0.38 | -3.24 | 4.23 | -1.46 | |
| EPS in Rs | 0.01 | 0.03 | 0.02 | 0.01 | 0.00 | 0.00 | -0.58 | -0.04 | -0.15 | -1.32 | 1.72 | -0.59 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -3% |
| 5 Years: | -6% |
| 3 Years: | -32% |
| TTM: | 21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -1% |
| 3 Years: | % |
| TTM: | -136% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 40% |
| 3 Years: | 117% |
| 1 Year: | -10% |
| Return on Equity | |
|---|---|
| 10 Years: | -2% |
| 5 Years: | -1% |
| 3 Years: | -1% |
| Last Year: | -5% |
Balance Sheet
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5.71 | 10.43 | 10.43 | 10.43 | 11.18 | 11.18 | 11.18 | 11.18 | 11.18 | 11.18 | 11.18 | 24.59 |
| Reserves | 1.45 | 1.78 | 1.81 | 1.85 | 4.25 | 4.25 | 2.83 | 2.74 | 1.91 | -3.13 | -2.21 | 29.64 |
| 0.09 | 1.62 | 0.88 | 12.72 | 12.29 | 12.79 | 13.02 | 13.26 | 10.04 | 14.54 | 18.86 | 19.90 | |
| 0.02 | 1.58 | 0.02 | 12.40 | 9.00 | 8.55 | 1.37 | 1.14 | 0.03 | 0.02 | 1.53 | 0.75 | |
| Total Liabilities | 7.27 | 15.41 | 13.14 | 37.40 | 36.72 | 36.77 | 28.40 | 28.32 | 23.16 | 22.61 | 29.36 | 74.88 |
| 0.00 | 0.13 | 0.09 | 0.06 | 0.05 | 0.03 | 0.02 | 0.02 | 0.01 | 0.00 | 0.01 | 0.01 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 13.98 | 57.35 |
| 7.27 | 15.28 | 13.05 | 37.34 | 36.67 | 36.74 | 28.38 | 28.30 | 23.15 | 21.61 | 15.37 | 17.52 | |
| Total Assets | 7.27 | 15.41 | 13.14 | 37.40 | 36.72 | 36.77 | 28.40 | 28.32 | 23.16 | 22.61 | 29.36 | 74.88 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -3.22 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.23 | -0.89 | -0.21 | -1.83 | |
| 0.44 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.97 | 0.06 | -45.46 | |
| 3.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -3.22 | 1.90 | 0.94 | 46.71 | |
| Net Cash Flow | 0.23 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.03 | 0.78 | -0.58 |
Ratios
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 198.25 | 0.00 | 0.00 | 96.27 | 115.50 | 15,111.00 | 17.23 | 18.81 | ||||
| Inventory Days | 0.00 | 0.00 | 755.09 | 73.00 | 1,123.19 | 8.80 | 0.00 | |||||
| Days Payable | 28.10 | 0.00 | 0.00 | 30.05 | ||||||||
| Cash Conversion Cycle | 198.25 | 0.00 | 0.00 | 823.26 | 188.50 | 16,234.19 | -4.02 | 18.81 | ||||
| Working Capital Days | 484.11 | 3,368.43 | 453,147.50 | 1,022.99 | 364.84 | 78,657.50 | 847.56 | 1,291.23 | ||||
| ROCE % | 0.35% | 2.09% | 1.34% | 1.52% | 0.49% | 0.04% | -5.10% | -0.33% | -1.51% | -10.19% | 24.36% | -2.55% |
Documents
Announcements
-
Board Meeting Outcome for Results For The Half Year And Year Ended 31.03.25
30 May - Audited FY25 standalone and consolidated results; Rs.4695L rights issue; Rs.4649L investment in associate; significant losses reported.
-
Announcement under Regulation 30 (LODR)-Meeting Updates
30 May - Board approved in-principle merger of associate GSPL with Ganesha Ecoverse to streamline operations.
- Results For The Half Year And Year Ended 31.03.2025 30 May
-
Board Meeting Intimation for Financial Results Of The Company For The Half Year And Year Ended March 31, 2025
23 May - Board meeting on May 30, 2025, to approve audited financial results for year ended March 31, 2025.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
14 Apr - Certificate under Regulation 74(5) of SEBI (Depositories and participants) Regulation, 2018 for the quarter ended March 31, 2025.
Change in Promoters and Shift in Business Focus:[1]
In FY24, pursuant to an Open Offer and a Share Purchase Agreement (SPA) executed on January 6, 2023, the company’s control and promoter shareholding changed. As a result, the previous Promoter Group ceased to hold that status, and a new Promoter Group assumed control of the company.
Following this change in control, the company has reoriented its core operations from share trading and real estate to the manufacturing and trading of plastic and textile products—in primary, intermediate, or finished forms—including both virgin and recycled materials. These activities span spinning, knitting, weaving, and garment manufacturing.
Now, the company is actively trading post-consumer PET bottle waste and scrap.