Ganesha Ecosphere Ltd

Ganesha Ecosphe. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ganesha Ecosphere Ltd

₹ 1,001 0.74%
29 Nov - close price
ganeshaecosphere.com BSE: 514167 NSE : GANECOS
About

Ganesha Ecosphere Ltd is a leading PET Waste Recycling company in India and is engaged in the manufacturing of Recycled Polyester Staple Fibre (RPSF), Spun yarn and dyed texturised yarn in India.[1]

It was incorporated in 1987 as Ganesh Polytex Ltd and was renamed as Ganesha Ecosphere Ltd in October 2011.[2]

Key Points

Largest PET bottle recycling Co.
The co. is the largest PET bottle recycling co. in India, contributing to recycling over 16% of India’s PET bottle waste p.a. [1]

Website BSE NSE
  • Market Cap ₹ 2,185 Cr.
  • Current Price ₹ 1,001
  • High / Low ₹ 1,159 / 796
  • Stock P/E 36.4
  • Book Value ₹ 307
  • Dividend Yield 0.20 %
  • ROCE 14.6 %
  • ROE 11.7 %
  • Face Value ₹ 10.0
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Pros

  • Debtor days have improved from 40.8 to 29.6 days.

Cons

  • Stock is trading at 3.26 times its book value
  • The company has delivered a poor sales growth of 8.50% over past five years.
  • Company has a low return on equity of 11.1% over last 3 years.
  • Dividend payout has been low at 7.30% of profits 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: Textiles Industry: Textiles - Processing

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
198 235 249 199 248 288 287 293 314 271 255 232 261
175 202 216 176 219 256 254 266 281 237 226 215 237
Operating Profit 23 32 33 23 30 32 33 27 33 34 29 17 23
OPM % 12% 14% 13% 12% 12% 11% 12% 9% 10% 13% 11% 7% 9%
2 4 1 -22 3 3 28 2 4 5 5 5 6
Interest 2 2 2 3 2 3 2 3 3 4 4 4 5
Depreciation 7 7 7 7 7 7 7 7 7 7 7 7 7
Profit before tax 16 27 25 -9 24 25 51 20 27 28 24 12 18
Tax % 24% 23% 26% -25% 25% 26% 13% 25% 26% 25% 28% 25% 26%
12 21 18 -12 18 18 45 15 20 21 17 9 13
EPS in Rs 5.55 9.45 8.46 -5.31 8.21 8.37 20.59 7.00 9.14 9.59 7.85 3.97 6.11
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
386 435 499 623 647 674 753 1,020 889 751 1,022 1,133 1,018
344 387 445 560 573 595 667 887 776 666 905 1,009 914
Operating Profit 42 48 55 63 74 79 87 133 112 85 117 124 104
OPM % 11% 11% 11% 10% 11% 12% 12% 13% 13% 11% 11% 11% 10%
2 -0 -0 2 1 2 2 1 7 11 11 16 21
Interest 11 10 16 20 20 15 15 10 8 9 10 14 17
Depreciation 11 11 13 19 21 21 20 26 28 27 28 27 27
Profit before tax 21 26 26 26 34 46 54 97 83 60 91 99 81
Tax % 3% 9% 7% 12% 28% 35% 35% 36% 23% 24% 23% 26%
21 24 25 23 25 30 35 62 64 45 70 73 60
EPS in Rs 13.63 15.88 16.16 14.24 12.96 15.56 18.37 28.38 29.26 20.70 31.86 33.59 27.52
Dividend Payout % 9% 8% 7% 8% 9% 8% 8% 7% 7% 10% 6% 6%
Compounded Sales Growth
10 Years: 10%
5 Years: 9%
3 Years: 8%
TTM: -14%
Compounded Profit Growth
10 Years: 11%
5 Years: 15%
3 Years: 5%
TTM: -25%
Stock Price CAGR
10 Years: 39%
5 Years: 30%
3 Years: 45%
1 Year: 10%
Return on Equity
10 Years: 14%
5 Years: 13%
3 Years: 11%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 15 15 15 16 19 19 19 22 22 22 22 22 22
Reserves 64 86 108 130 181 211 244 397 456 497 562 632 649
Preference Capital 4 0 0 31 0 0 0 0 0 0 0 0
93 177 224 194 150 136 198 104 92 127 139 157 215
45 44 64 102 62 68 98 89 96 103 136 136 135
Total Liabilities 217 322 411 442 412 434 558 612 666 749 859 947 1,021
103 103 203 258 256 239 316 312 291 285 266 259 251
CWIP 5 85 60 10 1 10 3 0 2 11 6 10 9
Investments 0 0 0 0 0 0 0 28 93 128 174 202 204
109 134 149 174 156 185 240 271 279 325 412 476 556
Total Assets 217 322 411 442 412 434 558 612 666 749 859 947 1,021

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
26 45 36 39 77 57 27 83 80 36 76 102
-26 -102 -76 -24 -10 -24 -74 -64 -72 -59 -76 -102
4 70 30 -20 -68 -31 46 -5 -23 23 -1 1
Net Cash Flow 3 13 -10 -5 -1 2 -1 14 -15 1 -2 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 29 29 29 24 28 30 38 32 40 51 42 30
Inventory Days 66 48 65 72 62 79 102 73 97 132 105 109
Days Payable 22 19 30 29 19 29 41 15 23 27 35 32
Cash Conversion Cycle 74 58 64 67 70 80 99 89 114 157 112 107
Working Capital Days 36 28 27 41 40 32 62 60 75 109 91 84
ROCE % 21% 17% 14% 13% 15% 17% 17% 23% 16% 11% 14% 15%

Shareholding Pattern

Numbers in percentages

Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
42.05% 42.14% 42.14% 42.24% 42.31% 42.31% 42.31% 42.32% 42.32% 42.32% 42.32% 42.32%
0.09% 0.04% 0.06% 0.05% 0.09% 2.02% 1.69% 1.29% 1.42% 1.58% 1.75% 1.67%
14.85% 15.53% 15.80% 15.80% 15.81% 16.07% 16.68% 16.61% 16.70% 16.61% 18.53% 19.78%
43.01% 42.29% 41.99% 41.91% 41.70% 39.51% 39.18% 39.60% 39.37% 39.32% 37.24% 36.06%
0.00% 0.00% 0.00% 0.00% 0.09% 0.09% 0.13% 0.18% 0.18% 0.18% 0.18% 0.18%
No. of Shareholders 9,71813,28614,28315,72816,32917,07320,70723,19425,66327,32330,23637,345

* 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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