Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹641 Cr.
Stock P/E
15.1
P/B
—
Current Price
₹158.6
Book Value
₹ 0
Face Value
10
52W High
₹295
52W Low
₹ 144.6
Dividend Yield
3.15%

Ganesh Consumer Prod Overview

Business

Ganesh Consumer Products Ltd. (formerly Ganesh Grains Ltd.) is an Indian consumer food company primarily engaged in the manufacturing and marketing of various staple food products. Its core business revolves around processing agricultural commodities into packaged food items for direct consumer consumption. The company offers a wide range of products including flour (atta), pulses (dal), besan (gram flour), spices, and other ready-to-cook items. It makes money by selling these packaged food products through a multi-channel distribution network across different regions of India.

Revenue Mix

While specific percentage breakdowns can fluctuate and are often detailed in annual reports, Ganesh Consumer Products' revenue primarily stems from its various packaged food categories. The major segments include:

Flour (Atta): A significant portion of revenue comes from wheat flour, a staple in Indian households.

Pulses (Dal): Packaged lentils and pulses constitute another important segment.

Besan (Gram Flour): This is a key product, widely used in Indian cuisine.

Spices & Other Groceries: Includes various spices and possibly other packaged staples.

The company focuses on essential kitchen ingredients, indicating a reliance on daily consumption goods.

Industry

The Indian consumer food industry, particularly the staples segment, is vast, competitive, and largely unorganized, though it is increasingly shifting towards branded and packaged products. Ganesh Consumer Products operates in a fragmented market with numerous regional and national players, including large conglomerates and smaller local brands. The company primarily has a strong regional presence, particularly in Eastern India, aiming to expand its footprint nationally. Its positioning is generally in the mid-market segment, offering quality products at competitive prices, focusing on household staples rather than premium or niche food categories.

MOAT

Ganesh Consumer Products' competitive advantages are primarily built on:

Brand Recognition (Regional): The "Ganesh" brand has established recognition and trust among consumers in its core operating regions, particularly West Bengal and surrounding states.

Distribution Network: Over years, the company has built an extensive distribution network in its key markets, ensuring product availability even in smaller towns and rural areas.

Cost Efficiency: Operating in a high-volume, low-margin business, the company's ability to procure raw materials efficiently and manage processing costs provides a competitive edge.

Product Portfolio: A diversified portfolio of essential food staples reduces reliance on a single product category and caters to a broad consumer base.

Growth Drivers

Key factors that can drive Ganesh Consumer Products' growth over the next 3-5 years include:

Increasing Shift to Packaged Foods: A growing trend of consumers, especially in urban and semi-urban areas, preferring branded, hygienic, and packaged staples over loose commodities.

Geographic Expansion: Expanding into new states and regions beyond its traditional strongholds to capture a larger share of the national market.

Product Portfolio Expansion: Introducing new product variants, ready-to-cook items, or venturing into related food categories to cater to evolving consumer tastes.

Distribution Enhancement: Strengthening and expanding its retail reach, including leveraging modern trade and e-commerce channels.

Rising Disposable Incomes & Urbanization: Growth in middle-class population and increased urbanization drive demand for convenience and branded food products.

Risks

Key business risks for Ganesh Consumer Products include:

Raw Material Price Volatility: Fluctuations in agricultural commodity prices (wheat, pulses, etc.) directly impact input costs and profitability.

Intense Competition: The presence of established national players and numerous regional brands can lead to pricing pressure and market share battles.

Supply Chain Disruptions: Dependency on agricultural produce makes the company vulnerable to weather patterns, logistical challenges, and other supply chain interruptions.

Regulatory Changes: Changes in food safety standards, labeling requirements, or agricultural policies could impact operations and costs.

Changing Consumer Preferences: A shift towards healthier, organic, or more exotic food choices could impact demand for traditional staples.

Execution Risk: The ability to successfully expand geographically and launch new products without diluting brand equity or straining operations.

Management & Ownership

Ganesh Consumer Products Ltd. is a promoter-led company, characteristic of many Indian businesses. The promoter group typically holds a significant stake, influencing strategic direction. The management team comprises professionals with experience in the consumer goods and food processing sector. The company's long operational history suggests an established management structure. Ownership is primarily held by the promoter family, with a portion of shares publicly traded on stock exchanges.

Outlook

Ganesh Consumer Products is positioned to benefit from the long-term growth trends in India's packaged food sector, driven by urbanization and rising incomes. Its established brand and distribution in key regions provide a solid foundation. The company's focus on essential staples offers defensive characteristics during economic downturns. However, the business operates in a highly competitive and price-sensitive environment where raw material price volatility and the ability to scale operations efficiently across diverse geographies remain critical challenges. Successful expansion into new markets and effective product diversification will be key determinants of its future growth trajectory, while maintaining cost leadership and brand loyalty will be crucial for profitability.

Ganesh Consumer Prod Share Price

Live · BSE / NSE · Inception: 2000
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Ganesh Consumer Prod Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Ganesh Consumer Prod Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
Net Sales 474 579 533 477
Other Income 8 9 11 3
Total Income 482 588 543 480
Total Expenditure 441 546 504 448
Operating Profit 41 42 39 32
Interest 14 14 4 1
Depreciation 15 14 14 13
Exceptional Income / Expenses -0 0 0 0
Profit Before Tax 12 15 21 18
Provision for Tax 5 5 6 7
Profit After Tax 7 10 15 10
Adjustments -1 0 0 0
Profit After Adjustments 6 10 15 10
Adjusted Earnings Per Share 1.8 2.6 3.9 2.7

Ganesh Consumer Prod Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019
Shareholder's Funds 72 140 155 155
Minority's Interest 1 0 0 0
Borrowings 39 15 8 0
Other Non-Current Liabilities 10 4 4 3
Total Current Liabilities 91 138 45 23
Total Liabilities 213 298 212 181
Fixed Assets 99 99 91 87
Other Non-Current Assets 9 13 14 10
Total Current Assets 104 186 106 84
Total Assets 213 298 212 181

Ganesh Consumer Prod Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019
Opening Cash & Cash Equivalents 2 3 3 9
Cash Flow from Operating Activities 3 -11 76 40
Cash Flow from Investing Activities -14 -47 35 -21
Cash Flow from Financing Activities 12 58 -104 -27
Net Cash Inflow / Outflow 1 0 6 -8
Closing Cash & Cash Equivalent 3 3 9 1

Ganesh Consumer Prod Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019
Earnings Per Share (Rs) 1.8 2.61 3.86 2.71
CEPS(Rs) 6.64 6.23 7.64 6.18
DPS(Rs) 0.5 0 0.83 1.25
Book NAV/Share(Rs) 22.5 36.85 40.71 40.8
Core EBITDA Margin(%) 6.93 5.83 5.41 6.05
EBIT Margin(%) 5.38 4.92 4.71 3.97
Pre Tax Margin(%) 2.42 2.57 3.87 3.74
PAT Margin (%) 1.38 1.71 2.76 2.17
Cash Profit Margin (%) 4.5 4.09 5.46 4.94
ROA(%) 3.09 3.89 5.78 5.27
ROE(%) 9.07 9.33 9.96 6.66
ROCE(%) 13.53 12.41 10.97 10.76
Receivable days 6.55 6.51 11.6 12.04
Inventory Days 57.58 62.53 54.9 22.54
Payable days 5.68 5.18 7 6.9
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.27 0.22 0.11 0.09
EV/Core EBITDA(x) 3.08 3.01 1.48 1.37
Net Sales Growth(%) 0 22.18 -8.04 -10.56
EBIT Growth(%) 0 11.47 -12.04 -24.55
PAT Growth(%) 0 50.94 48.23 -29.76
EPS Growth(%) 0 44.88 48.23 -29.76
Debt/Equity(x) 1.61 0.93 0.2 0.06
Current Ratio(x) 1.15 1.34 2.36 3.72
Quick Ratio(x) 0.32 0.45 1.54 2.74
Interest Cover(x) 1.82 2.09 5.63 17.04
Total Debt/Mcap(x) 0 0 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -11% 0% — —
Operating Profit CAGR -18% -8% — —
PAT CAGR -33% +13% — —
Share Price CAGR -44% — — —
ROE Average +7% +9% +9% +9%
ROCE Average +11% +11% +12% +12%

Ganesh Consumer Prod Shareholding Pattern

Latest · Sep 2026
100% held
Promoters 65.85 %
FII 1.8 %
DII (MF + Insurance) 3.69 %
Public (retail) 28.67 %
# Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
Promoter 64.0864.0864.0864.0865.6565.85
FII 8.218.175.362.782.261.8
DII 5.094.615.095.635.53.69
Public 22.6323.1425.4727.5126.5928.67
Others 000000
Total 100100100100100100

Ganesh Consumer Prod Peer Comparison

Consumer Food Edit Columns

Ganesh Consumer Prod Quarterly Price

10-year quarterly close · BSE
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News & Updates

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Ganesh Consumer Prod Pros & Cons

Pros

  • Debtor days have improved from 7 to 6.9days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 9% over the last 3 years.
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