WEBSITE BSE:544528 NSE: GANESHCP Inc. Year: 2000 Industry: Consumer Food My Bucket: Add Stock
Last updated: 15:54
Ganesh Consumer Products Ltd. is a Kolkata‑based FMCG / packaged‑foods company that primarily produces wheat‑ and gram‑based staples and derivatives — including atta (whole wheat flour), maida (refined flour), sooji/dalia (semolina / cracked wheat), sattu, besan (gram flour), and other staples. Over time, the company has diversified its portfolio into instant mixes, spices, ethnic snacks, and specialty flours — broadening its offerings beyond basic staples. The company operates under the flagship “Ganesh” brand and serves mainl...Read More
Ganesh Consumer Products Ltd. is a Kolkata‑based FMCG / packaged‑foods company that primarily produces wheat‑ and gram‑based staples and derivatives — including atta (whole wheat flour), maida (refined flour), sooji/dalia (semolina / cracked wheat), sattu, besan (gram flour), and other staples. Over time, the company has diversified its portfolio into instant mixes, spices, ethnic snacks, and specialty flours — broadening its offerings beyond basic staples. The company operates under the flagship “Ganesh” brand and serves mainly the East India market: West Bengal, Jharkhand, Bihar, Odisha, Assam — where it has built strong brand recognition and distribution reach. Its business is B2C‑driven (majority of revenue from retail consumers) complemented by some B2B sales (distributors, small retailers, HoReCa, by‑products). Ganesh runs several manufacturing facilities (in states including West Bengal, Uttar Pradesh, Telangana), giving it control over quality and enabling efficient supply to its core markets. It also maintains a wide distribution network comprising C&F agents, super‑stockists and nearly a thousand distributors, which ensures its products reach tens of thousands of retail outlets across its target geography. On the financial front, in fiscal year 2025 the company reported revenue growth and healthy profitability: topline increased, and net profit improved to a notable level. Its margins and returns (return on capital employed, return on equity) are competitive compared to peers, aided by disciplined working‑capital management (fast cash-conversion, low inventory days) and efficient operations. At the same time, Ganesh remains regionally concentrated (majority of sales from East India), which gives it strength in a defined geography but also poses risk if demand or supply conditions in that region weaken. As the Indian food‑consumption pattern evolves, the company will need to leverage its brand and expand reach — possibly beyond its stronghold — while continuing to broaden product offerings to stay competitive in the broader FMCG landscape. ...Read Less
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Market Cap ₹756 Cr.
Stock P/E 21.3
P/B 2
Current Price ₹187.1
Book Value ₹ 94.1
Face Value 10
52W High ₹309.7
Dividend Yield 4.41%
52W Low ₹ 152.4
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Jun 2024 | Sep 2024 | Dec 2024 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|
| Net Sales | 189 | 223 | 218 | 203 | 239 | 212 |
| Other Income | 1 | 1 | 1 | 1 | 1 | 1 |
| Total Income | 191 | 224 | 219 | 204 | 240 | 213 |
| Total Expenditure | 165 | 204 | 201 | 182 | 215 | 189 |
| Operating Profit | 25 | 20 | 18 | 22 | 25 | 24 |
| Interest | 2 | 2 | 1 | 4 | 4 | 2 |
| Depreciation | 6 | 6 | 6 | 6 | 6 | 6 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 18 | 13 | 11 | 13 | 15 | 16 |
| Provision for Tax | 5 | 3 | 3 | 3 | 4 | 4 |
| Profit After Tax | 13 | 9 | 8 | 10 | 11 | 12 |
| Adjustments | 0 | 0 | 0 | 0 | -0 | 0 |
| Profit After Adjustments | 13 | 9 | 8 | 10 | 11 | 12 |
| Adjusted Earnings Per Share | 3.7 | 2.6 | 2.1 | 2.6 | 2.8 | 3 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 312 | 463 | 553 | 499 | 439 | 499 | 491 | 455 | 611 | 759 | 850 | 872 |
| Other Income | 2 | 8 | 8 | 11 | 4 | 8 | 4 | 5 | 4 | 6 | 5 | 4 |
| Total Income | 315 | 470 | 561 | 510 | 443 | 506 | 495 | 460 | 615 | 765 | 855 | 876 |
| Total Expenditure | 282 | 429 | 521 | 474 | 412 | 458 | 441 | 407 | 555 | 696 | 777 | 787 |
| Operating Profit | 32 | 41 | 40 | 36 | 31 | 49 | 54 | 53 | 60 | 70 | 78 | 89 |
| Interest | 10 | 14 | 13 | 4 | 1 | 1 | 2 | 3 | 7 | 7 | 6 | 11 |
| Depreciation | 12 | 14 | 13 | 14 | 12 | 14 | 12 | 14 | 17 | 27 | 24 | 24 |
| Exceptional Income / Expenses | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 10 | 12 | 13 | 18 | 18 | 34 | 40 | 36 | 36 | 36 | 48 | 55 |
| Provision for Tax | 3 | 5 | 5 | 5 | 7 | 9 | 11 | 9 | 9 | 9 | 12 | 14 |
| Profit After Tax | 7 | 8 | 8 | 12 | 11 | 25 | 29 | 27 | 27 | 27 | 35 | 41 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 7 | 8 | 8 | 12 | 11 | 25 | 29 | 27 | 27 | 27 | 35 | 41 |
| Adjusted Earnings Per Share | 2.2 | 2.4 | 2.2 | 3.3 | 2.9 | 6.6 | 8.1 | 7.5 | 7.5 | 7.4 | 9.7 | 10.5 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 12% | 23% | 11% | 11% |
| Operating Profit CAGR | 11% | 14% | 10% | 9% |
| PAT CAGR | 30% | 9% | 7% | 17% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | NA% | NA% | NA% | NA% |
| ROE Average | 16% | 14% | 15% | 12% |
| ROCE Average | 20% | 18% | 19% | 16% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 64 | 73 | 139 | 151 | 152 | 174 | 165 | 177 | 204 | 221 | 227 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 39 | 39 | 15 | 7 | 0 | 0 | 13 | 7 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 12 | 9 | 4 | 3 | 2 | 2 | 1 | 18 | 17 | 11 | 18 |
| Total Current Liabilities | 59 | 90 | 137 | 45 | 23 | 34 | 52 | 68 | 122 | 75 | 96 |
| Total Liabilities | 175 | 212 | 294 | 206 | 177 | 211 | 231 | 271 | 343 | 308 | 340 |
| Fixed Assets | 104 | 95 | 95 | 84 | 79 | 78 | 64 | 84 | 173 | 151 | 169 |
| Other Non-Current Assets | 5 | 17 | 18 | 19 | 15 | 17 | 56 | 94 | 17 | 34 | 22 |
| Total Current Assets | 67 | 100 | 181 | 103 | 84 | 116 | 111 | 93 | 154 | 123 | 149 |
| Total Assets | 175 | 212 | 294 | 206 | 177 | 211 | 231 | 271 | 343 | 308 | 340 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 2 | 2 | 1 | 2 | 9 | 1 | 12 | 10 | 0 | 1 | 0 |
| Cash Flow from Operating Activities | 30 | 1 | -13 | 73 | 35 | 42 | 1 | 58 | -13 | 88 | 46 |
| Cash Flow from Investing Activities | -21 | -14 | -46 | 38 | -18 | -16 | 0 | -51 | -20 | -22 | -17 |
| Cash Flow from Financing Activities | -10 | 13 | 59 | -104 | -26 | -15 | -3 | -16 | 34 | -67 | -28 |
| Net Cash Inflow / Outflow | -1 | -0 | 1 | 7 | -9 | 11 | -2 | -9 | 1 | -1 | 1 |
| Closing Cash & Cash Equivalent | 2 | 1 | 2 | 9 | 0 | 12 | 10 | 0 | 1 | 0 | 1 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 2.18 | 2.38 | 2.22 | 3.26 | 2.95 | 6.58 | 8.06 | 7.45 | 7.45 | 7.42 | 9.74 |
| CEPS(Rs) | 6.17 | 6.82 | 5.71 | 6.87 | 6.16 | 10.19 | 11.47 | 11.34 | 12.16 | 14.72 | 16.24 |
| DPS(Rs) | 0 | 0.5 | 0 | 0.83 | 1.25 | 1.25 | 4.13 | 0 | 1.38 | 1.38 | 8.25 |
| Book NAV/Share(Rs) | 20.9 | 22.74 | 36.37 | 39.63 | 39.95 | 45.81 | 45.27 | 48.72 | 56.17 | 60.86 | 62.36 |
| Core EBITDA Margin(%) | 9.68 | 7.19 | 5.77 | 5.01 | 6.17 | 8.24 | 10.2 | 10.31 | 9.01 | 8.24 | 8.46 |
| EBIT Margin(%) | 6.48 | 5.65 | 4.83 | 4.42 | 4.27 | 7.01 | 8.5 | 8.44 | 6.94 | 5.59 | 6.28 |
| Pre Tax Margin(%) | 3.17 | 2.63 | 2.41 | 3.53 | 4.04 | 6.74 | 8.14 | 7.83 | 5.86 | 4.74 | 5.54 |
| PAT Margin (%) | 2.13 | 1.65 | 1.53 | 2.49 | 2.56 | 5.02 | 5.97 | 5.86 | 4.37 | 3.51 | 4.09 |
| Cash Profit Margin (%) | 6.01 | 4.73 | 3.94 | 5.24 | 5.34 | 7.78 | 8.5 | 8.92 | 7.12 | 6.96 | 6.82 |
| ROA(%) | 3.91 | 3.97 | 3.35 | 4.96 | 5.85 | 12.9 | 13.26 | 10.81 | 8.83 | 8.3 | 10.94 |
| ROE(%) | 11.02 | 11.21 | 8 | 8.57 | 7.41 | 15.34 | 17.28 | 15.86 | 14.21 | 12.68 | 15.81 |
| ROCE(%) | 13.35 | 15.2 | 11.64 | 9.79 | 10.92 | 20.68 | 21.95 | 18.37 | 16.85 | 15.63 | 20.25 |
| Receivable days | 2.82 | 4.11 | 6.41 | 12.08 | 13.35 | 6.88 | 4.69 | 4.16 | 4.77 | 4.08 | 3.35 |
| Inventory Days | 52.92 | 46.68 | 64.08 | 56.24 | 21.86 | 16.12 | 32.2 | 42.99 | 43.34 | 38.63 | 30.16 |
| Payable days | 4.83 | 4.75 | 4.86 | 9.35 | 11.15 | 12.63 | 21.34 | 21.73 | 17.04 | 15.67 | 17.1 |
| PER(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Price/Book(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.32 | 0.27 | 0.23 | 0.12 | 0.1 | 0.05 | 0.13 | 0.17 | 0.2 | 0.1 | 0.1 |
| EV/Core EBITDA(x) | 3.07 | 3.1 | 3.2 | 1.62 | 1.44 | 0.56 | 1.22 | 1.49 | 2.01 | 1.07 | 1.09 |
| Net Sales Growth(%) | 22.94 | 48 | 19.49 | -9.74 | -11.95 | 13.56 | -1.55 | -7.33 | 34.23 | 24.29 | 12.04 |
| EBIT Growth(%) | 23.43 | 29.39 | 1.89 | -17.42 | -14.93 | 86.26 | 19.38 | -6.53 | 10.37 | -0.16 | 26.32 |
| PAT Growth(%) | 30.07 | 15.4 | 10.4 | 46.49 | -9.56 | 123.2 | 16.97 | -7.49 | -0 | -0.41 | 31.27 |
| EPS Growth(%) | 30.07 | 9.13 | -6.62 | 46.49 | -9.56 | 123.2 | 22.48 | -7.49 | -0 | -0.41 | 31.27 |
| Debt/Equity(x) | 1.44 | 1.59 | 0.94 | 0.21 | 0.06 | 0.01 | 0.24 | 0.25 | 0.42 | 0.17 | 0.22 |
| Current Ratio(x) | 1.12 | 1.11 | 1.32 | 2.29 | 3.6 | 3.41 | 2.15 | 1.36 | 1.26 | 1.64 | 1.56 |
| Quick Ratio(x) | 0.36 | 0.3 | 0.44 | 1.55 | 2.77 | 2.68 | 0.96 | 0.67 | 0.44 | 0.81 | 0.72 |
| Interest Cover(x) | 1.95 | 1.87 | 1.99 | 4.96 | 18.4 | 26.11 | 23.6 | 13.97 | 6.47 | 6.53 | 8.5 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| # | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|
| Promoter | 64.08 | 64.08 | 64.08 | 64.08 |
| FII | 8.21 | 8.17 | 5.36 | 2.78 |
| DII | 5.09 | 4.61 | 5.09 | 5.63 |
| Public | 22.63 | 23.14 | 25.47 | 27.51 |
| Others | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 |
| # | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|
| Promoter | 2.59 | 2.59 | 2.59 | 2.59 |
| FII | 0.33 | 0.33 | 0.22 | 0.11 |
| DII | 0.21 | 0.19 | 0.21 | 0.23 |
| Public | 0.91 | 0.94 | 1.03 | 1.11 |
| Others | 0 | 0 | 0 | 0 |
| Total | 4.04 | 4.04 | 4.04 | 4.04 |
* The pros and cons are machine generated.
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