Ganga Bath Fittings Ltd
Incorporated in 2004, Ganga Bath Fittings
Ltd is in the business of manufacturing
and supplying Bathroom Accessories[1]
- Market Cap ₹ 64.2 Cr.
- Current Price ₹ 28.9
- High / Low ₹ 59.0 / 28.3
- Stock P/E 17.9
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 27.4 %
- ROE 32.8 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 38.9%
Cons
- Promoter holding has decreased over last quarter: -29.6%
- Debtor days have increased from 74.4 to 133 days.
- Working capital days have increased from 196 days to 354 days
* 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
Consumer Discretionary Consumer Durables Consumer Durables Sanitary Ware
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2022 | Mar 2023 | Mar 2024 | Dec 2024 | Mar 2025 | |
---|---|---|---|---|---|
10.67 | 12.18 | 13.58 | 22.46 | 31.93 | |
9.94 | 10.77 | 12.04 | 16.78 | 25.34 | |
Operating Profit | 0.73 | 1.41 | 1.54 | 5.68 | 6.59 |
OPM % | 6.84% | 11.58% | 11.34% | 25.29% | 20.64% |
0.03 | 0.00 | 0.10 | 0.02 | 0.02 | |
Interest | 0.35 | 0.86 | 0.38 | 0.76 | 1.30 |
Depreciation | 0.42 | 0.39 | 0.40 | 0.33 | 0.54 |
Profit before tax | -0.01 | 0.16 | 0.86 | 4.61 | 4.77 |
Tax % | -200.00% | 43.75% | 31.40% | 21.69% | 24.95% |
0.01 | 0.09 | 0.59 | 3.61 | 3.58 | |
EPS in Rs | 2.32 | 2.30 | |||
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 44% |
TTM: | 135% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 610% |
TTM: | 507% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | % |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 39% |
Last Year: | 33% |
Balance Sheet
Figures in Rs. Crores
Mar 2022 | Mar 2023 | Mar 2024 | Dec 2024 | Mar 2025 | |
---|---|---|---|---|---|
Equity Capital | 0.00 | 0.00 | 0.00 | 15.54 | 15.54 |
Reserves | 0.01 | 0.01 | 0.01 | 6.58 | 6.29 |
4.28 | 5.15 | 7.38 | 10.73 | 15.03 | |
2.73 | 3.45 | 3.02 | 10.81 | 9.95 | |
Total Liabilities | 7.02 | 8.61 | 10.41 | 43.66 | 46.81 |
1.84 | 1.56 | 1.83 | 2.49 | 2.36 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
5.18 | 7.05 | 8.58 | 41.17 | 44.45 | |
Total Assets | 7.02 | 8.61 | 10.41 | 43.66 | 46.81 |
Cash Flows
Figures in Rs. Crores
Mar 2022 | Mar 2023 | Mar 2024 | Dec 2024 | Mar 2025 | |
---|---|---|---|---|---|
0.68 | 0.16 | -0.99 | -1.30 | ||
-0.66 | -0.50 | -0.41 | -0.22 | ||
-0.13 | -0.06 | 1.25 | 1.60 | ||
Net Cash Flow | -0.10 | -0.40 | -0.15 | 0.07 |
Ratios
Figures in Rs. Crores
Mar 2022 | Mar 2023 | Mar 2024 | Dec 2024 | Mar 2025 | |
---|---|---|---|---|---|
Debtor Days | 56.44 | 51.84 | 38.17 | 232.07 | 133.17 |
Inventory Days | 100.68 | 155.57 | 211.99 | 611.22 | 435.43 |
Days Payable | 96.12 | 112.63 | 84.31 | 197.17 | 106.44 |
Cash Conversion Cycle | 61.00 | 94.78 | 165.85 | 646.12 | 462.16 |
Working Capital Days | 61.92 | 90.20 | 144.06 | 486.40 | 354.14 |
ROCE % | 21.59% | 19.76% | 28.26% | 27.44% |
Documents
Announcements
-
Structural Digital Database
21 July 2025 - SDD compliance certificate for Q1 FY2026 confirming no non-compliance observed.
-
Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
21 July 2025 - Ganga Bath Fittings exempt from submitting Q1 2025 Corporate Governance Report as SME listed entity.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
15 July 2025 - Certificate under SEBI Reg 74(5) for Q1 FY26 on securities dematerialization/rematerialization.
-
General Updates
8 July 2025 - Ganga Bath Fittings shifts GPI and GBS units to new addresses in Rajkot, Gujarat on July 7, 2025.
-
Corrigendum
8 July 2025 - Board approved audited financial results for year ended March 31, 2025; auditor's report unqualified.
Annual reports
No data available.
Business Overview:[1]
GBIL is engaged in the business of:
a) Manufacturing, producing, processing,
and designing a wide range of bathroom accessories
b) Importing and exporting premium
bathroom fittings
c) Trading, buying, selling, and supplying essential components for modern bathroom solutions
d) Retailing, wholesaling, distributing,
and stocking a variety of bathroom products
e) Packaging, moving, preserving, and handling bathroom accessories to ensure quality and safety