Ganesha Ecosphere Ltd

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

Ganesha Ecosphere Ltd

₹ 2,239 0.78%
11 Dec 3:55 p.m.
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 Company
The company is the largest PET bottle recycling company in India, contributing to recycling over 16%-18% of India’s PET bottle waste. [1]

Website BSE NSE
  • Market Cap ₹ 5,676 Cr.
  • Current Price ₹ 2,239
  • High / Low ₹ 2,484 / 900
  • Stock P/E 67.6
  • Book Value ₹ 432
  • Dividend Yield 0.13 %
  • ROCE 7.92 %
  • ROE 4.71 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 5.18 times its book value
  • Promoter holding has decreased over last quarter: -0.58%
  • Company has a low return on equity of 8.47% over last 3 years.
  • Dividend payout has been low at 10.7% 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

Part of BSE Consumer Discretionary BSE Allcap BSE SmallCap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
248 288 287 293 313 273 302 254 278 285 306 337 387
221 257 254 266 278 241 268 229 253 245 258 289 332
Operating Profit 27 31 33 27 35 32 34 26 25 40 47 48 55
OPM % 11% 11% 11% 9% 11% 12% 11% 10% 9% 14% 15% 14% 14%
2 1 27 1 2 7 4 3 3 4 4 4 4
Interest 2 3 2 3 3 4 7 11 12 13 9 8 10
Depreciation 7 7 7 7 7 7 9 12 12 12 12 13 14
Profit before tax 20 23 50 18 27 28 22 5 4 19 31 30 36
Tax % 30% 28% 12% 28% 26% 25% 29% 29% 38% 33% 29% 25% 25%
14 16 44 13 20 21 15 3 3 13 22 23 27
EPS in Rs 6.53 7.53 20.21 6.08 9.02 9.67 7.05 1.58 1.28 5.83 8.52 8.90 10.70
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
889 751 1,021 1,180 1,123 1,314
777 666 907 1,052 985 1,124
Operating Profit 112 85 114 128 138 190
OPM % 13% 11% 11% 11% 12% 14%
7 9 7 13 15 16
Interest 8 9 10 17 45 40
Depreciation 28 27 28 29 49 51
Profit before tax 83 58 83 95 59 116
Tax % 24% 25% 25% 27% 31%
64 44 62 69 41 84
EPS in Rs 29.17 19.94 28.39 31.82 16.01 33.95
Dividend Payout % 7% 10% 7% 6% 19%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 14%
TTM: 19%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -2%
TTM: 97%
Stock Price CAGR
10 Years: 30%
5 Years: 57%
3 Years: 65%
1 Year: 126%
Return on Equity
10 Years: %
5 Years: %
3 Years: 8%
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 22 22 22 22 25 25
Reserves 456 495 552 616 1,027 1,070
92 127 358 505 399 486
96 103 163 179 174 187
Total Liabilities 666 747 1,095 1,323 1,625 1,768
303 311 300 523 780 813
CWIP 2 17 276 235 71 119
Investments 83 72 69 55 33 50
277 346 449 510 740 787
Total Assets 666 747 1,095 1,323 1,625 1,768

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
80 27 65 20 43
-72 -49 -253 -166 -227
-23 23 208 128 223
Net Cash Flow -15 1 20 -18 39

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 40 51 42 36 45
Inventory Days 97 132 109 131 159
Days Payable 23 27 36 34 39
Cash Conversion Cycle 114 157 115 132 165
Working Capital Days 75 112 88 103 135
ROCE % 11% 12% 11% 8%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
42.31% 42.31% 42.31% 42.32% 42.32% 42.32% 42.32% 42.32% 42.32% 36.44% 36.44% 35.86%
0.09% 2.02% 1.69% 1.29% 1.42% 1.58% 1.75% 1.67% 0.89% 9.93% 9.79% 10.26%
15.81% 16.07% 16.68% 16.61% 16.70% 16.61% 18.53% 19.78% 19.94% 21.29% 21.62% 22.67%
41.70% 39.51% 39.18% 39.60% 39.37% 39.32% 37.24% 36.06% 36.69% 32.19% 31.99% 31.04%
0.09% 0.09% 0.13% 0.18% 0.18% 0.18% 0.18% 0.18% 0.18% 0.15% 0.15% 0.15%
No. of Shareholders 16,32917,07320,70723,19425,66327,32330,23637,34540,51442,72847,71353,761

* 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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