Ganga Bath Fittings Ltd
Incorporated in 2004, Ganga Bath Fittings
Ltd is in the business of manufacturing
and supplying Bathroom Accessories[1]
- Market Cap ₹ 44.2 Cr.
- Current Price ₹ 19.9
- High / Low ₹ 27.5 / 15.5
- Stock P/E 34.5
- Book Value ₹ 24.6
- Dividend Yield 0.00 %
- ROCE 5.62 %
- ROE 3.35 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.81 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: | -20% |
| 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% |
Documents
Announcements
-
Shareholders meeting
- 02nd AGM on 24 Sep 2026; shareholder e-voting 21-23 Sep, auditor appointment and director reappointment proposed.
-
Outcome of Board Meeting
- Board approved rights issue up to Rs 1,700 lakh and AGM notice.
-
Shareholders meeting
- Postal ballot approved increase in authorised share capital and MOA capital clause alteration.
-
Outcome of Board Meeting
- Board approved internal and secretarial auditors for FY 2025-26 on 26 August 2026.
-
Appointment
- Board appointed internal auditor J O M S & Associates and secretarial auditor Vivek J. Vakharia & Associates for FY2025-26.
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