Ganga Bath Fittings Ltd
Incorporated in 2004, Ganga Bath Fittings
Ltd is in the business of manufacturing
and supplying Bathroom Accessories[1]
- Market Cap ₹ 54.4 Cr.
- Current Price ₹ 24.5
- High / Low ₹ 59.0 / 15.5
- Stock P/E 35.6
- Book Value ₹ 24.7
- Dividend Yield 0.00 %
- ROCE 27.6 %
- ROE 32.8 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.99 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
Part of Nifty SME Emerge
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 |
||
Extracted by Screener AI
Documents
Announcements
-
Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
21 April 2026 - Ganga Bath Fittings says corporate governance provisions don't apply for quarter ended March 31, 2026.
-
Structural Digital Database
21 April 2026 - Submitted PIT compliance certificate for quarter ended March 31, 2026; no non-compliances observed.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
15 April 2026 - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026.
-
Reply to Clarification- Financial results
6 April 2026 - Regulation 32 statement for IPO proceeds ended 31 March 2025; no deviation or variation reported.
-
Trading Window
26 March 2026 - Trading window closed from 01 April 2026 until 48 hours after audited results for year ended 31 March 2026.
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