Ganga Bath Fittings Ltd
Incorporated in 2004, Ganga Bath Fittings
Ltd is in the business of manufacturing
and supplying Bathroom Accessories[1]
- Market Cap ₹ 55.7 Cr.
- Current Price ₹ 25.1
- High / Low ₹ 59.0 / 23.0
- Stock P/E 15.6
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 27.6 %
- 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 35.6 days to 202 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 | Mar 2025 | |
---|---|---|---|---|
10.67 | 12.18 | 13.58 | 31.93 | |
9.94 | 10.77 | 12.04 | 25.31 | |
Operating Profit | 0.73 | 1.41 | 1.54 | 6.62 |
OPM % | 6.84% | 11.58% | 11.34% | 20.73% |
0.03 | 0.00 | 0.10 | 0.02 | |
Interest | 0.35 | 0.86 | 0.38 | 1.33 |
Depreciation | 0.42 | 0.39 | 0.40 | 0.54 |
Profit before tax | -0.01 | 0.16 | 0.86 | 4.77 |
Tax % | -200.00% | 43.75% | 31.40% | 24.95% |
0.01 | 0.09 | 0.59 | 3.58 | |
EPS in Rs | 2.30 | |||
Dividend Payout % | 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 | Mar 2025 | |
---|---|---|---|---|
Equity Capital | 0.00 | 0.00 | 0.00 | 15.54 |
Reserves | 0.01 | 0.01 | 0.01 | 6.29 |
4.28 | 5.15 | 7.38 | 15.02 | |
2.73 | 3.45 | 3.02 | 9.96 | |
Total Liabilities | 7.02 | 8.61 | 10.41 | 46.81 |
1.84 | 1.56 | 1.83 | 2.36 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 0.00 | 0.00 | 0.00 | 0.00 |
5.18 | 7.05 | 8.58 | 44.45 | |
Total Assets | 7.02 | 8.61 | 10.41 | 46.81 |
Cash Flows
Figures in Rs. Crores
Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|
0.68 | 0.16 | -0.99 | -1.24 | |
-0.66 | -0.50 | -0.41 | -1.27 | |
-0.13 | -0.06 | 1.25 | 4.79 | |
Net Cash Flow | -0.10 | -0.40 | -0.15 | 2.28 |
Ratios
Figures in Rs. Crores
Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|
Debtor Days | 56.44 | 51.84 | 38.17 | 133.17 |
Inventory Days | 100.68 | 155.57 | 211.99 | 435.43 |
Days Payable | 96.12 | 112.63 | 84.31 | 106.44 |
Cash Conversion Cycle | 61.00 | 94.78 | 165.85 | 462.16 |
Working Capital Days | -35.92 | -46.75 | -48.65 | 202.10 |
ROCE % | 21.59% | 19.76% | 27.58% |
Documents
Announcements
-
Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
16 October 2025 - Ganga Bath Fittings: corporate governance report not required for quarter ended 30 Sep 2025 (Reg.15(2) exemption).
-
Shareholders meeting
13 October 2025 - AGM on Oct 10, 2025: three ordinary resolutions passed; 15,371,148 votes cast, 69.21% turnout.
-
Shareholders meeting
10 October 2025 - AGM Oct 10, 2025: adopted FY2024-25 accounts; reappointed Tusharkumar Tilva (DIN:10638959); appointed A S D T & CO LLP.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
7 October 2025 - Certificate under SEBI Regulation 74(5) for quarter ended Sept 30, 2025.
-
Trading Window
2 October 2025 - Trading window closed from Oct 1, 2025 until 48 hours after unaudited results for half-year ended Sept 30, 2025.
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