Ganesha Ecosphere Ltd

Ganesha Ecosphere Ltd

₹ 1,145 1.28%
24 May - 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 2,902 Cr.
  • Current Price 1,145
  • High / Low 1,185 / 811
  • Stock P/E 71.5
  • Book Value 415
  • Dividend Yield 0.17 %
  • ROCE 8.00 %
  • ROE 4.80 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 2.76 times its book value
  • Promoter holding has decreased over last quarter: -5.87%
  • Company has a low return on equity of 8.51% 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
249 198 248 288 287 293 313 273 302 254 278 285 306
216 176 221 257 254 266 278 241 268 229 253 245 258
Operating Profit 33 23 27 31 33 27 35 32 34 26 25 40 47
OPM % 13% 11% 11% 11% 11% 9% 11% 12% 11% 10% 9% 14% 15%
1 -23 2 1 27 1 2 7 4 3 3 4 4
Interest 2 3 2 3 2 3 3 4 7 11 12 13 9
Depreciation 7 7 7 7 7 7 7 7 9 12 12 12 12
Profit before tax 24 -11 20 23 50 18 27 28 22 5 4 19 31
Tax % 26% -22% 30% 28% 12% 28% 26% 25% 29% 29% 38% 33% 29%
18 -13 14 16 44 13 20 21 15 3 3 13 22
EPS in Rs 8.15 -5.88 6.53 7.53 20.21 6.08 9.02 9.67 7.05 1.58 1.28 5.83 8.52
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
889 751 1,021 1,180 1,123
777 666 907 1,052 985
Operating Profit 112 85 114 128 138
OPM % 13% 11% 11% 11% 12%
7 9 7 13 15
Interest 8 9 10 17 45
Depreciation 28 27 28 29 49
Profit before tax 83 58 83 95 59
Tax % 24% 25% 25% 27% 31%
64 44 62 69 41
EPS in Rs 29.17 19.94 28.39 31.82 16.01
Dividend Payout % 7% 10% 7% 6% 19%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 14%
TTM: -5%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -1%
TTM: -41%
Stock Price CAGR
10 Years: 33%
5 Years: 31%
3 Years: 26%
1 Year: 17%
Return on Equity
10 Years: %
5 Years: %
3 Years: 9%
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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

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 88 103 144
ROCE % 11% 12% 11%

Shareholding Pattern

Numbers in percentages

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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