Gajanand International Ltd
Founded in 2009, Gajanand International Limited is engaged in the production of contamination-free and sustainable cotton.[1]
- Market Cap ₹ 20.4 Cr.
- Current Price ₹ 10.8
- High / Low ₹ 20.0 / 9.65
- Stock P/E
- Book Value ₹ 19.7
- Dividend Yield 0.00 %
- ROCE 4.22 %
- ROE 1.32 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 0.55 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 9.17% over last 3 years.
- Debtor days have increased from 31.4 to 41.4 days.
- Working capital days have increased from 76.9 days to 138 days
* 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
Consumer Discretionary Textiles Textiles & Apparels Other Textile Products
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 58.46 | 61.74 | 73.36 | 108.66 | 95.06 | 69.58 | |
| 57.13 | 60.49 | 70.62 | 104.61 | 93.44 | 69.79 | |
| Operating Profit | 1.33 | 1.25 | 2.74 | 4.05 | 1.62 | -0.21 |
| OPM % | 2.28% | 2.02% | 3.74% | 3.73% | 1.70% | -0.30% |
| 0.01 | 0.02 | 0.06 | 0.09 | 0.05 | 0.06 | |
| Interest | 1.25 | 1.14 | 0.82 | 1.03 | 1.05 | 0.66 |
| Depreciation | 0.08 | 0.09 | 0.10 | 0.10 | 0.09 | 0.09 |
| Profit before tax | 0.01 | 0.04 | 1.88 | 3.01 | 0.53 | -0.90 |
| Tax % | 100.00% | 25.00% | 25.00% | 25.25% | 32.08% | |
| 0.01 | 0.03 | 1.41 | 2.24 | 0.36 | -0.69 | |
| EPS in Rs | 0.24 | 0.72 | 33.68 | 1.71 | 0.19 | -0.36 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 15% |
| TTM: | -43% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 129% |
| TTM: | -130% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -44% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 9% |
| Last Year: | 1% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.42 | 0.42 | 0.42 | 13.10 | 18.84 | 18.84 |
| Reserves | 3.62 | 3.65 | 5.06 | 4.61 | 18.16 | 18.25 |
| 14.25 | 14.66 | 11.79 | 12.07 | 8.10 | 8.47 | |
| 1.13 | 0.72 | 1.74 | 9.53 | 1.66 | 2.64 | |
| Total Liabilities | 19.42 | 19.45 | 19.01 | 39.31 | 46.76 | 48.20 |
| 0.96 | 1.05 | 0.98 | 0.95 | 0.86 | 0.82 | |
| CWIP | 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 |
| 18.46 | 18.40 | 18.03 | 38.36 | 45.90 | 47.38 | |
| Total Assets | 19.42 | 19.45 | 19.01 | 39.31 | 46.76 | 48.20 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -0.37 | 1.00 | 3.90 | -9.32 | -13.91 | |
| 0.01 | 0.05 | -0.15 | -0.03 | 0.04 | |
| 0.22 | -0.73 | -3.68 | 9.27 | 13.95 | |
| Net Cash Flow | -0.14 | 0.31 | 0.07 | -0.08 | 0.08 |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 22.98 | 22.11 | 19.50 | 33.36 | 41.35 |
| Inventory Days | 92.55 | 83.94 | 69.31 | 94.40 | 131.43 |
| Days Payable | 4.44 | 1.34 | 5.16 | 30.61 | 5.70 |
| Cash Conversion Cycle | 111.09 | 104.71 | 83.66 | 97.14 | 167.08 |
| Working Capital Days | 46.33 | 41.62 | 35.38 | 57.17 | 138.27 |
| ROCE % | 6.37% | 15.00% | 17.17% | 4.22% |
Documents
Announcements
-
Outcome of Board Meeting
13 November 2025 - Board approved standalone unaudited results for H1 ended Sep 30, 2025; limited review report enclosed.
-
Outcome of Board Meeting
13 November 2025 - Approved standalone unaudited results for half-year ended Sep 30, 2025; limited review attached; board approved Nov 13.
-
Updates
15 October 2025 - Certificate by RTA for quarter ended September 30, 2025 under Regulation 74(5).
-
Trading Window
30 September 2025 - Trading window closed 01 Oct 2025 until 48 hours after declaration of H1 results for period ended 30 Sep 2025.
-
Shareholders meeting
30 September 2025 - 16th AGM on 29-Sep-2025: four resolutions passed; MD reappointment, secretarial auditor appointment, object clause alteration.
Product Portfolio[1]
- Mechi1 Cotton: Grown in Madhya Pradesh and Maharashtra, sown in June/July, harvested from November to January. Key attributes include 25-27 mm span length and 3.5 to 4.9 micronaire.
Shankar6 Cotton: Most exported from India, sown in June/July, harvested through February. Features 27.5-29.5 mm span length and 3.5 to 4.9 micronaire.
DCH 32: Sown July-August in Karnataka and Tamil Nadu, harvested December to March, with 34-36 mm span length and 3.0 to 3.5 micronaire.
Khol: High-quality cottonseed-based product, dry texture, made using controlled techniques.