Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹2616 Cr.
Stock P/E
68.5
P/B
2
Current Price
₹976.2
Book Value
₹ 486.7
Face Value
10
52W High
₹1270.5
52W Low
₹ 653.3
Dividend Yield
0.36%

Ganesha Ecosphere Overview

Business

Ganesha Ecosphere Ltd. is an Indian textile company primarily engaged in the manufacturing of recycled polyester staple fiber (RPSF) and spun yarn from post-consumer PET bottle waste. The company operates an integrated recycling system, converting waste PET bottles into various forms of polyester products. Its core business model revolves around sourcing waste PET bottles, processing them, and then manufacturing value-added products like recycled polyester staple fiber (solid, hollow, conjugated), recycled polyester spun yarn (cotton-blend, trilobal, specialty), and rPET chips/flakes, which are sold to textile manufacturers and other industrial users. The company makes money by adding value to plastic waste through its manufacturing process and selling these recycled materials.

Revenue Mix

Ganesha Ecosphere Ltd. primarily operates in two main product categories derived from PET bottle recycling:

Recycled Polyester Staple Fiber (RPSF): This includes various types of fibers (solid, hollow, conjugated, specialty) which are used by spinning mills to produce yarn. This is typically the larger segment.

Recycled Polyester Spun Yarn: The company also manufactures spun yarn directly from RPSF, which is then used by weaving and knitting units to produce fabrics.

(Specific percentage contributions are not consistently published in a simple overview but RPSF and yarn are the dominant revenue drivers.)

Industry

The company operates in the Indian textile industry, specifically within the man-made fibers segment, with a strong focus on recycled polyester. The industry is characterized by increasing demand for synthetic fibers due to their versatility and cost-effectiveness compared to natural fibers. Within this, the recycled segment is growing rapidly driven by environmental regulations, brand commitments to sustainability, and consumer preference for eco-friendly products. Ganesha Ecosphere is one of the pioneers and a leading player in India in the PET bottle recycling and RPSF manufacturing space. Its integrated operations provide it with a significant position in the burgeoning circular economy within textiles, though it competes with both virgin polyester producers and other smaller recycled fiber manufacturers.

MOAT

Pioneer Status & Scale in Recycling: Ganesha Ecosphere has been a first-mover and has developed significant scale and expertise in PET bottle recycling in India. This operational experience in waste collection, segregation, and processing is a competitive advantage.

Integrated Operations: The company has integrated facilities from PET bottle crushing/washing to RPSF and spun yarn manufacturing, offering cost efficiencies and quality control.

Environmental Focus/Brand Equity: Its core business of recycling aligns with global sustainability trends, which appeals to customers seeking eco-friendly raw materials. The "Ecosphere" in its name itself reinforces this positioning.

Established Supply Chain: A robust network for sourcing post-consumer PET bottle waste is crucial, and Ganesha Ecosphere has built this over decades.

Growth Drivers

Increasing Demand for Recycled Products: Growing environmental awareness, corporate sustainability goals (e.g., brands committing to use recycled content), and regulatory pushes are driving demand for recycled polyester globally.

Government Focus on Plastic Waste Management: Policies promoting plastic recycling and discouraging virgin plastic use in India can directly benefit the company.

Textile Industry Growth: Overall growth in the Indian and global textile and apparel industry will naturally increase the demand for fibers and yarns.

Expansion & Product Diversification: The company's ongoing capacity expansion projects and potential diversification into higher-value specialty recycled products (e.g., dope-dyed fibers, flame-retardant fibers) can drive growth.

Risks

Raw Material Price & Availability: The primary raw material, post-consumer PET bottle waste, is subject to price fluctuations and availability issues, impacting profitability.

Competition: Intense competition from both domestic and international virgin polyester producers (who may offer lower prices) and other recycled fiber manufacturers.

Energy Costs: Manufacturing processes are energy-intensive, making the company susceptible to volatility in power and fuel prices.

Economic Downturns: A slowdown in the overall economy or the textile industry can reduce demand for its products.

Regulatory Changes: Changes in environmental regulations or trade policies could impact operations or market access.

Management & Ownership

Ganesha Ecosphere Ltd. is promoted by the Agarwal family, with Mr. Shyam Sunder Agarwal as the Chairman and Managing Director. The management team has long-standing experience in the textile and recycling industry. The promoter group holds a significant stake in the company, aligning their interests with shareholders. The company has a professional management structure with a focus on sustainable practices and operational efficiency.

Outlook

Ganesha Ecosphere is well-positioned to capitalize on the secular growth trend of sustainability and circular economy principles within the global textile industry. The increasing preference for recycled content from major brands and policy support for plastic waste management provide a tailwind for the company's core business. Its established operational scale and integrated facilities offer a competitive edge. However, the company faces inherent challenges related to raw material procurement costs and volatility, intense competition from virgin polyester, and capital expenditure requirements for expansion. Its ability to manage these operational challenges while scaling up to meet growing demand for recycled products will be crucial for sustained growth and profitability.

Ganesha Ecosphere Share Price

Live · BSE / NSE · Inception: 1987
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Ganesha Ecosphere Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 306 337 387 398 344 337 363 357 424 424
Other Income 4 4 4 5 5 3 5 4 5 4
Total Income 310 341 391 403 349 341 369 361 428 427
Total Expenditure 258 289 332 341 293 301 341 326 372 364
Operating Profit 52 52 59 62 56 40 28 35 57 63
Interest 9 8 10 11 10 10 11 10 9 9
Depreciation 12 13 14 14 14 16 16 16 17 17
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 31 30 36 37 32 14 1 8 31 37
Provision for Tax 9 8 9 7 9 4 1 3 8 8
Profit After Tax 22 23 27 30 24 11 -1 5 23 29
Adjustments 0 -0 -0 -0 -0 -0 0 0 -0 -0
Profit After Adjustments 22 23 27 30 24 11 -1 5 23 29
Adjusted Earnings Per Share 8.5 8.9 10.7 11.7 9.3 4.2 -0.2 1.8 8.7 10.8

Ganesha Ecosphere Profit & Loss

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 889 751 1021 1180 1123 1466 1482 1568
Other Income 7 9 7 13 15 18 17 18
Total Income 896 761 1028 1193 1138 1484 1499 1585
Total Expenditure 777 667 908 1052 985 1255 1340 1403
Operating Profit 119 94 121 141 152 229 159 183
Interest 8 9 10 17 45 38 40 39
Depreciation 28 27 28 29 49 55 65 66
Exceptional Income / Expenses 0 0 0 0 0 0 0 0
Profit Before Tax 83 58 83 95 59 135 54 77
Provision for Tax 20 14 21 26 18 32 16 20
Profit After Tax 64 44 62 69 41 103 38 56
Adjustments 0 0 0 0 0 0 0 0
Profit After Adjustments 64 44 62 69 41 103 38 56
Adjusted Earnings Per Share 29.2 19.9 28.4 31.8 16 40.5 14.3 21.1

Ganesha Ecosphere Balance Sheet

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 477 517 574 638 1052 1151 1276
Minority's Interest 0 0 0 0 0 0 0
Borrowings 52 32 236 312 371 368 339
Other Non-Current Liabilities 29 29 40 41 45 79 75
Total Current Liabilities 107 169 245 332 156 336 314
Total Liabilities 666 747 1095 1323 1624 1934 2003
Fixed Assets 303 311 300 513 771 917 915
Other Non-Current Assets 16 44 332 283 127 174 267
Total Current Assets 346 391 461 526 726 844 821
Total Assets 666 747 1095 1323 1624 1934 2003

Ganesha Ecosphere Cash Flow

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 16 1 2 22 4 43 116
Cash Flow from Operating Activities 80 27 65 20 43 41 171
Cash Flow from Investing Activities -72 -49 -255 -166 -227 -125 -158
Cash Flow from Financing Activities -23 23 208 128 223 157 -9
Net Cash Inflow / Outflow -15 1 18 -18 39 73 4
Closing Cash & Cash Equivalent 1 2 22 4 43 116 120

Ganesha Ecosphere Ratios

# Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 29.17 19.94 28.39 31.82 16.01 40.51 14.26
CEPS(Rs) 42.02 32.38 41.4 45.17 35.21 62.1 38.45
DPS(Rs) 2 2 2 2 3 4.5 3.5
Book NAV/Share(Rs) 218.73 236.82 262.77 292.32 400.23 437.59 475.79
Core EBITDA Margin(%) 12.54 11.23 11.14 10.81 12.27 14.36 9.55
EBIT Margin(%) 10.22 8.88 9.04 9.48 9.24 11.83 6.35
Pre Tax Margin(%) 9.35 7.7 8.08 8.04 5.24 9.23 3.64
PAT Margin (%) 7.15 5.79 6.06 5.88 3.61 7.03 2.58
Cash Profit Margin (%) 10.3 9.4 8.84 8.35 7.94 10.78 6.94
ROA(%) 9.57 6.16 6.73 5.75 2.75 5.8 1.94
ROE(%) 13.34 8.75 11.36 11.46 4.91 9.69 3.2
ROCE(%) 15.99 11.01 11.73 10.79 8 10.99 5.42
Receivable days 39.89 49.23 39.57 35.69 41.05 38.52 45.43
Inventory Days 59.33 76.99 65.85 73.72 94.49 81.72 80.32
Payable days 22.83 26.61 27.58 32.27 39.14 31.04 31.44
PER(x) 5.74 29.44 25.66 26.61 61.14 38.28 59.76
Price/Book(x) 0.77 2.48 2.77 2.9 2.45 3.54 1.79
Dividend Yield(%) 1.19 0.34 0.27 0.24 0.31 0.29 0.41
EV/Net Sales(x) 0.51 1.85 1.88 1.99 2.43 2.99 1.79
EV/Core EBITDA(x) 3.8 14.83 15.93 16.64 17.88 19.18 16.7
Net Sales Growth(%) 0 -15.49 35.99 15.49 -4.81 30.53 1.09
EBIT Growth(%) 0 -26.67 38.43 21.08 -7.24 67.13 -45.66
PAT Growth(%) 0 -31.66 42.39 12.09 -41.59 154.17 -62.94
EPS Growth(%) 0 -31.66 42.39 12.09 -49.7 153.07 -64.79
Debt/Equity(x) 0.19 0.25 0.62 0.79 0.39 0.5 0.39
Current Ratio(x) 3.22 2.32 1.88 1.58 4.66 2.51 2.62
Quick Ratio(x) 1.87 1.3 1.08 0.74 2.72 1.45 1.67
Interest Cover(x) 11.71 7.58 9.47 6.61 2.31 4.56 2.34
Total Debt/Mcap(x) 0.25 0.1 0.23 0.27 0.16 0.14 0.22

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +1% +8% +15% —
Operating Profit CAGR -31% +4% +11% —
PAT CAGR -63% -18% -3% —
Share Price CAGR -19% 0% +14% +17%
ROE Average +3% +6% +8% +9%
ROCE Average +5% +8% +9% +11%

Ganesha Ecosphere Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 39.33 %
FII 10.38 %
DII (MF + Insurance) 15.07 %
Public (retail) 35.22 %
# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 36.4436.4435.8635.8636.1436.1439.3339.3339.3339.33
FII 9.949.7910.2612.1410.369.198.797.28.8910.38
DII 21.2921.6222.6821.9322.1522.8922.8921.8819.4215.07
Public 32.3432.1531.230.0731.3531.7828.9931.5932.3735.22
Others 0000000000
Total 100100100100100100100100100100

Ganesha Ecosphere Peer Comparison

Textile - Manmade Fibres Edit Columns

Ganesha Ecosphere Quarterly Price

10-year quarterly close · BSE
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News & Updates

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Ganesha Ecosphere Pros & Cons

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 39.33%.
  • Company has a low return on equity of 6% over the last 3 years.
  • Debtor days have increased from 31.04 to 31.44days.
  • The company has delivered a poor profit growth of -2% over past five years.
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