Ganga Bath Fittings Ltd
Incorporated in 2004, Ganga Bath Fittings
Ltd is in the business of manufacturing
and supplying Bathroom Accessories[1]
- Market Cap ₹ 49.8 Cr.
- Current Price ₹ 22.4
- High / Low ₹ 59.0 / 15.5
- Stock P/E 38.9
- Book Value ₹ 24.6
- Dividend Yield 0.00 %
- ROCE 5.62 %
- ROE 3.35 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.91 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 11.1% over last 3 years.
- Company might be capitalizing the interest cost
- Debtor days have increased from 96.2 to 117 days.
- Working capital days have increased from 157 days to 318 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 | Mar 2026 | |
|---|---|---|---|---|---|
| 10.67 | 12.18 | 13.58 | 31.93 | 34.99 | |
| 9.94 | 10.77 | 12.04 | 25.31 | 29.78 | |
| Operating Profit | 0.73 | 1.41 | 1.54 | 6.62 | 5.21 |
| OPM % | 6.84% | 11.58% | 11.34% | 20.73% | 14.89% |
| 0.03 | 0.00 | 0.10 | 0.02 | 0.27 | |
| Interest | 0.35 | 0.86 | 0.38 | 1.33 | 1.05 |
| Depreciation | 0.42 | 0.39 | 0.40 | 0.54 | 2.50 |
| Profit before tax | -0.01 | 0.16 | 0.86 | 4.77 | 1.93 |
| Tax % | -200.00% | 43.75% | 31.40% | 24.95% | 34.20% |
| 0.01 | 0.09 | 0.59 | 3.58 | 1.28 | |
| EPS in Rs | 2.30 | 0.58 | |||
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 42% |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 142% |
| TTM: | -64% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 11% |
| Last Year: | 3% |
Balance Sheet
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.00 | 0.00 | 0.00 | 15.54 | 22.21 |
| Reserves | 0.01 | 0.01 | 0.01 | 6.29 | 32.39 |
| 4.28 | 5.15 | 7.38 | 15.02 | 14.66 | |
| 2.73 | 3.45 | 3.02 | 9.96 | 9.51 | |
| Total Liabilities | 7.02 | 8.61 | 10.41 | 46.81 | 78.77 |
| 1.84 | 1.56 | 1.83 | 2.36 | 25.16 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 1.03 |
| 5.18 | 7.05 | 8.58 | 44.45 | 52.58 | |
| Total Assets | 7.02 | 8.61 | 10.41 | 46.81 | 78.77 |
Cash Flows
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 0.68 | 0.16 | -0.99 | -1.24 | -5.73 | |
| -0.66 | -0.50 | -0.41 | -1.27 | -25.10 | |
| -0.13 | -0.06 | 1.25 | 4.79 | 30.07 | |
| Net Cash Flow | -0.10 | -0.40 | -0.15 | 2.28 | -0.76 |
| Free Cash Flow | 0.05 | 0.05 | -1.66 | -1.34 | -31.03 |
| CFO/OP | 100% | 13% | -42% | 0% | -110% |
Ratios
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 56.44 | 51.84 | 38.17 | 133.17 | 117.35 |
| Inventory Days | 100.68 | 155.57 | 211.99 | 435.43 | 459.82 |
| Days Payable | 96.12 | 112.63 | 84.31 | 106.44 | 101.06 |
| Cash Conversion Cycle | 61.00 | 94.78 | 165.85 | 462.16 | 476.12 |
| Working Capital Days | -35.92 | -46.75 | -48.65 | 202.10 | 317.75 |
| ROCE % | 21.59% | 19.76% | 27.58% | 5.62% |
Insights
In beta| Mar 2024 | Mar 2025 | |
|---|---|---|
| Employee Benefit Expenses ₹ Lakhs |
|
|
| Inventory of Finished Goods Value ₹ Lakhs |
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| Raw Material Consumption Value ₹ Lakhs |
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Extracted by Screener AI
Documents
Announcements
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Outcome of Board Meeting
28 May 2026 - Board approved FY26 audited results; appointed internal and secretarial auditors for FY27; auditors issued unmodified opinion.
-
Integrated Filing- Financial
28 May 2026 - Board approved FY26 audited results; appointed internal and secretarial auditors; statutory audit opinion unmodified.
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Appointment
28 May 2026 - Audited FY26 results approved; internal and secretarial auditors appointed for FY27; audit opinion unmodified.
-
Shareholders meeting
24 April 2026 - Postal ballot results घोषित on April 24, 2026; shareholders approved statutory auditor appointment.
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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.
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