Ganesha Ecosphere Ltd

₹ 881 0.79%
27 Jan - 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 ₹ 1,924 Cr.
  • Current Price ₹ 881
  • High / Low ₹ 985 / 543
  • Stock P/E 24.1
  • Book Value ₹ 284
  • Dividend Yield 0.23 %
  • ROCE 14.5 %
  • ROE 12.4 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 3.11 times its book value
  • The company has delivered a poor sales growth of 8.68% over past five years.
  • Company has a low return on equity of 11.7% over last 3 years.
  • Earnings include an other income of Rs.36.7 Cr.
  • Dividend payout has been low at 7.59% 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 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
236 208 202 69 198 235 249 199 248 288 287 293 314
205 178 184 73 175 202 216 176 219 256 254 266 281
Operating Profit 31 30 18 -3 23 32 33 23 30 32 33 27 33
OPM % 13% 15% 9% -5% 12% 14% 13% 12% 12% 11% 12% 9% 10%
2 3 1 4 2 4 1 -22 3 3 28 2 4
Interest 1 3 2 2 2 2 2 3 2 3 2 3 3
Depreciation 7 7 7 7 7 7 7 7 7 7 7 7 7
Profit before tax 24 24 11 -8 16 27 25 -9 24 25 51 20 27
Tax % 35% 33% -52% 25% 24% 23% 26% -25% 25% 26% 13% 25% 26%
Net Profit 16 16 16 -6 12 21 18 -12 18 18 45 15 20
EPS in Rs 7.23 7.22 7.45 -2.76 5.55 9.45 8.46 -5.31 8.21 8.37 20.59 7.00 9.14
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
291 386 435 499 623 647 674 753 1,020 889 751 1,022 1,183
256 344 387 445 560 573 595 667 887 776 666 905 1,057
Operating Profit 35 42 48 55 63 74 79 87 133 112 85 117 125
OPM % 12% 11% 11% 11% 10% 11% 12% 12% 13% 13% 11% 11% 11%
1 2 -0 -0 2 1 2 2 1 7 11 11 37
Interest 7 11 10 16 20 20 15 15 10 8 9 10 11
Depreciation 9 11 11 13 19 21 21 20 26 28 27 28 28
Profit before tax 20 21 26 26 26 34 46 54 97 83 60 91 123
Tax % 10% 3% 9% 7% 12% 28% 35% 35% 36% 23% 24% 23%
Net Profit 18 21 24 25 23 25 30 35 62 64 45 70 98
EPS in Rs 13.18 13.63 15.88 16.16 14.24 12.96 15.56 18.37 28.38 29.26 20.70 31.86 45.10
Dividend Payout % 9% 9% 8% 7% 8% 9% 8% 8% 7% 7% 10% 6%
Compounded Sales Growth
10 Years: 10%
5 Years: 9%
3 Years: 0%
TTM: 27%
Compounded Profit Growth
10 Years: 13%
5 Years: 18%
3 Years: 1%
TTM: 17%
Stock Price CAGR
10 Years: 35%
5 Years: 17%
3 Years: 46%
1 Year: 45%
Return on Equity
10 Years: 14%
5 Years: 13%
3 Years: 12%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
18 20 16 15 47 19 19 19 22 22 22 22 22
Reserves 40 64 86 108 130 181 211 244 397 456 497 562 597
80 93 177 224 194 150 136 198 104 92 127 139 183
35 45 44 64 102 62 68 98 89 96 103 136 144
Total Liabilities 169 217 322 411 442 412 434 558 612 666 749 859 946
92 103 103 203 258 256 239 316 312 291 285 266 257
CWIP 1 5 85 60 10 1 10 3 0 2 11 6 14
Investments 0 0 0 0 0 0 0 0 28 93 128 174 165
76 109 134 149 174 156 185 240 271 279 325 412 510
Total Assets 169 217 322 411 442 412 434 558 612 666 749 859 946

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
15 26 45 36 39 77 57 27 83 80 36 76
-32 -26 -102 -76 -24 -10 -24 -74 -64 -72 -59 -76
17 4 70 30 -20 -68 -31 46 -5 -23 23 -1
Net Cash Flow 0 3 13 -10 -5 -1 2 -1 14 -15 1 -2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 32 29 29 29 24 28 30 38 32 40 51 42
Inventory Days 62 66 48 65 72 62 79 102 73 97 132 105
Days Payable 14 22 19 30 29 19 29 41 15 23 27 35
Cash Conversion Cycle 79 74 58 64 67 70 80 99 89 114 157 112
Working Capital Days 33 36 28 27 41 40 32 62 60 75 109 91
ROCE % 23% 21% 17% 14% 13% 15% 17% 17% 23% 16% 11% 14%

Shareholding Pattern

Numbers in percentages

1 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
40.36 40.37 40.91 42.05 42.14 42.14 42.24 42.31 42.31 42.31 42.32 42.32
0.11 0.12 0.10 0.09 0.04 0.06 0.05 0.09 2.02 1.69 1.29 1.42
15.61 15.57 14.57 14.85 15.53 15.80 15.80 15.81 16.07 16.68 16.61 16.70
43.92 43.93 44.43 43.01 42.29 41.99 41.91 41.70 39.51 39.18 39.60 39.37
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.09 0.09 0.13 0.18 0.18

* 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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