Ganesha Ecosphere Ltd

Ganesha Ecosphere Ltd

₹ 1,363 2.62%
24 Jun - close price
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]

  • Market Cap 3,455 Cr.
  • Current Price 1,363
  • High / Low 1,369 / 811
  • Stock P/E 55.3
  • Book Value 430
  • Dividend Yield 0.15 %
  • ROCE 10.4 %
  • ROE 7.17 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 3.17 times its book value
  • Promoter holding has decreased over last quarter: -5.87%
  • The company has delivered a poor sales growth of -0.90% over past five years.
  • Company has a low return on equity of 9.97% over last 3 years.
  • Dividend payout has been low at 8.13% 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
249 199 248 288 287 293 314 271 255 232 261 246 237
216 176 219 256 254 266 281 237 226 215 237 214 209
Operating Profit 33 23 30 32 33 27 33 34 29 17 23 31 28
OPM % 13% 12% 12% 11% 12% 9% 10% 13% 11% 7% 9% 13% 12%
1 -22 3 3 28 2 4 5 5 5 6 6 9
Interest 2 3 2 3 2 3 3 4 4 4 5 5 2
Depreciation 7 7 7 7 7 7 7 7 7 7 7 7 6
Profit before tax 25 -9 24 25 51 20 27 28 24 12 18 26 28
Tax % 26% -25% 25% 26% 13% 25% 26% 25% 28% 25% 26% 25% 25%
18 -12 18 18 45 15 20 21 17 9 13 20 21
EPS in Rs 8.46 -5.31 8.21 8.37 20.59 7.00 9.14 9.59 7.85 3.97 6.11 8.96 8.25
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
435 499 623 647 674 753 1,020 889 751 1,022 1,133 975
387 445 560 573 595 667 887 776 666 905 1,009 876
Operating Profit 48 55 63 74 79 87 133 112 85 117 124 100
OPM % 11% 11% 10% 11% 12% 12% 13% 13% 11% 11% 11% 10%
-0 -0 2 1 2 2 1 7 11 11 16 26
Interest 10 16 20 20 15 15 10 8 9 10 14 15
Depreciation 11 13 19 21 21 20 26 28 27 28 27 27
Profit before tax 26 26 26 34 46 54 97 83 60 91 99 84
Tax % 9% 7% 12% 28% 35% 35% 36% 23% 24% 23% 26% 25%
24 25 23 25 30 35 62 64 45 70 73 62
EPS in Rs 15.88 16.16 14.24 12.96 15.56 18.37 28.38 29.26 20.70 31.86 33.59 24.65
Dividend Payout % 8% 7% 8% 9% 8% 8% 7% 7% 10% 6% 6% 12%
Compounded Sales Growth
10 Years: 7%
5 Years: -1%
3 Years: 9%
TTM: -14%
Compounded Profit Growth
10 Years: 9%
5 Years: -1%
3 Years: 12%
TTM: -14%
Stock Price CAGR
10 Years: 34%
5 Years: 36%
3 Years: 37%
1 Year: 22%
Return on Equity
10 Years: 12%
5 Years: 10%
3 Years: 10%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 15 15 16 19 19 19 22 22 22 22 22 25
Reserves 86 108 130 181 211 244 397 456 497 562 632 1,064
Preference Capital 0 0 31 0 0 0 0 0 0 0 0
177 224 194 150 136 198 104 92 127 139 157 3
44 64 102 62 68 98 89 96 103 136 136 117
Total Liabilities 322 411 442 412 434 558 612 666 749 859 947 1,210
103 203 258 256 239 316 312 291 285 266 259 249
CWIP 85 60 10 1 10 3 0 2 11 6 10 0
Investments 0 0 0 0 0 0 28 93 128 174 202 184
134 149 174 156 185 240 271 279 325 412 476 776
Total Assets 322 411 442 412 434 558 612 666 749 859 947 1,210

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
45 36 39 77 57 27 83 80 36 76 102 86
-102 -76 -24 -10 -24 -74 -64 -72 -59 -76 -102 -253
70 30 -20 -68 -31 46 -5 -23 23 -1 1 205
Net Cash Flow 13 -10 -5 -1 2 -1 14 -15 1 -2 1 38

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 29 29 24 28 30 38 32 40 51 42 30 39
Inventory Days 48 65 72 62 79 102 73 97 132 105 109 118
Days Payable 19 30 29 19 29 41 15 23 27 35 32 29
Cash Conversion Cycle 58 64 67 70 80 99 89 114 157 112 107 128
Working Capital Days 28 27 41 40 32 62 60 75 109 91 84 115
ROCE % 17% 14% 13% 15% 17% 17% 23% 16% 11% 14% 15%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
42.14% 42.24% 42.31% 42.31% 42.31% 42.32% 42.32% 42.32% 42.32% 42.32% 42.32% 36.44%
0.06% 0.05% 0.09% 2.02% 1.69% 1.29% 1.42% 1.58% 1.75% 1.67% 0.89% 9.93%
15.80% 15.80% 15.81% 16.07% 16.68% 16.61% 16.70% 16.61% 18.53% 19.78% 19.94% 21.29%
41.99% 41.91% 41.70% 39.51% 39.18% 39.60% 39.37% 39.32% 37.24% 36.06% 36.69% 32.19%
0.00% 0.00% 0.09% 0.09% 0.13% 0.18% 0.18% 0.18% 0.18% 0.18% 0.18% 0.15%
No. of Shareholders 14,28315,72816,32917,07320,70723,19425,66327,32330,23637,34540,51442,728

* 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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