Ganga Bath Fittings Ltd
Incorporated in 2004, Ganga Bath Fittings
Ltd is in the business of manufacturing
and supplying Bathroom Accessories[1]
- Market Cap ₹ 44.0 Cr.
- Current Price ₹ 19.8
- High / Low ₹ 59.0 / 15.5
- Stock P/E 28.7
- Book Value ₹ 24.7
- Dividend Yield 0.00 %
- ROCE 27.6 %
- ROE 32.8 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.80 times its book value
- Company has a good return on equity (ROE) track record: 3 Years ROE 38.9%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- 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 | TTM | |
|---|---|---|---|---|---|
| 10.67 | 12.18 | 13.58 | 31.93 | 32.30 | |
| 9.94 | 10.77 | 12.04 | 25.31 | 28.48 | |
| Operating Profit | 0.73 | 1.41 | 1.54 | 6.62 | 3.82 |
| OPM % | 6.84% | 11.58% | 11.34% | 20.73% | 11.83% |
| 0.03 | 0.00 | 0.10 | 0.02 | 0.01 | |
| Interest | 0.35 | 0.86 | 0.38 | 1.33 | 1.28 |
| Depreciation | 0.42 | 0.39 | 0.40 | 0.54 | 0.52 |
| Profit before tax | -0.01 | 0.16 | 0.86 | 4.77 | 2.03 |
| Tax % | -200.00% | 43.75% | 31.40% | 24.95% | |
| 0.01 | 0.09 | 0.59 | 3.58 | 1.53 | |
| EPS in Rs | 2.30 | 0.91 | |||
| 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 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 0.00 | 0.00 | 0.00 | 15.54 | 22.21 |
| Reserves | 0.01 | 0.01 | 0.01 | 6.29 | 32.66 |
| 4.28 | 5.15 | 7.38 | 15.02 | 8.60 | |
| 2.73 | 3.45 | 3.02 | 9.96 | 10.29 | |
| Total Liabilities | 7.02 | 8.61 | 10.41 | 46.81 | 73.76 |
| 1.84 | 1.56 | 1.83 | 2.36 | 3.05 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 3.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 5.18 | 7.05 | 8.58 | 44.45 | 67.71 | |
| Total Assets | 7.02 | 8.61 | 10.41 | 46.81 | 73.76 |
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 |
| Free Cash Flow | 0.05 | 0.05 | -1.66 | -1.34 |
| CFO/OP | 100% | 13% | -42% | 0% |
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% |
Insights
In beta| Mar 2024 | Mar 2025 | |
|---|---|---|
| Employee Benefit Expenses ₹ Lakhs |
|
|
| Inventory of Finished Goods Value ₹ Lakhs |
||
| Raw Material Consumption Value ₹ Lakhs |
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Documents
Announcements
-
Trading Window
26 March 2026 - Trading window closed from 01 April 2026 until 48 hours after audited results for year ended 31 March 2026.
-
Copy of Newspaper Publication
25 March 2026 - Intimation of newspaper advertisement under Reg 30; copies enclosed (25 Mar 2026).
-
Shareholders meeting
23 March 2026 - Appoint Mrs. Santoki Delvadia & Associates as statutory auditors till 2nd AGM; fee ₹6,00,000; e-voting Mar24–Apr22,2026.
-
Price movement
18 March 2026 - 17 Mar 2026: Ganga Bath Fitting clarifies NSE price movement, attributes to market factors, no undisclosed material information.
-
Change in Auditors
17 March 2026 - Board appointed M/s Santoki Delvadia & Associates as statutory auditor on 17 March 2026 until ensuing AGM.
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