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Ganges Securities

₹153.5 -1.2 | 0.8%

Market Cap ₹154 Cr.

Stock P/E 44.1

P/B 0.3

Current Price ₹153.5

Book Value ₹ 545

Face Value 10

52W High ₹176.6

Dividend Yield 0%

52W Low ₹ 101.4

Ganges Securities Research see more...

Overview Inc. Year: 2015Industry: Finance - Investment

Ganges Securities Ltd is an India- based company. The Company is formed for carrying on business associated with investments, tea commercial enterprise, assets and expert offerings. The investment enterprise of the Company incorporates of investment in Uttar Pradesh Trading Company Ltd, a NBFC registered with RBI and typically engaged in investment activity in diverse marketplace and other securities.

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Ganges Securities Share Price

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Ganges Securities Quarterly Results

#(Fig in Cr.) Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Operating Revenue 12 2 8 19 9 4 6 13 13 3
Other Income 0 0 1 0 1 1 0 0 1 0
Total Income 12 3 9 20 10 5 6 13 14 3
Total Expenditure 10 5 7 6 10 8 6 4 12 7
Operating Profit 3 -2 2 14 0 -3 -0 9 2 -4
Interest Expense 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 2 -3 2 14 0 -3 -0 9 2 -4
Provision for Tax 1 -0 0 3 -0 -0 0 2 0 -0
Profit After Tax 2 -3 1 10 1 -3 -1 7 1 -4
Adjustments 0 0 0 0 0 0 -0 0 0 0
Profit After Adjustments 2 -3 1 10 1 -3 -1 7 1 -4
Adjusted Earnings Per Share 1.8 -2.5 1.4 10.4 0.6 -2.7 -0.5 6.7 1.3 -4

Ganges Securities Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Operating Revenue 0 28 32 32 32 35 34 41 35
Other Income 0 1 1 0 0 1 2 2 1
Total Income 0 29 34 32 32 35 36 43 36
Total Expenditure 0 21 20 22 23 23 26 30 29
Operating Profit -0 8 13 10 10 12 10 14 7
Interest Expense 0 0 1 1 0 0 0 0 0
Depreciation 0 1 1 1 1 1 1 1 0
Profit Before Tax -0 7 11 9 9 12 9 13 7
Provision for Tax 0 1 2 1 2 2 1 3 2
Profit After Tax -0 6 9 8 7 10 8 10 3
Adjustments 0 0 0 0 0 0 0 0 0
Profit After Adjustments -0 6 9 8 7 10 8 10 3
Adjusted Earnings Per Share 0 0 9.2 7.5 7.1 9.8 8 9.7 3.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 21% 9% 5% 0%
Operating Profit CAGR 40% 12% 1% 0%
PAT CAGR 25% 13% 2% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 42% 29% 30% NA%
ROE Average 2% 2% 3% -32%
ROCE Average 2% 3% 3% -31%

Ganges Securities Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 0 87 96 314 208 338 624 451
Minority's Interest 0 0 0 0 0 0 0 0
Borrowings 0 0 0 2 3 2 3 0
Current Liability 0 13 8 12 15 8 8 10
Other Liabilities & Provisions 0 2 2 1 -1 -0 9 0
Total Liabilities 0 101 105 330 225 348 643 461
Loans 0 0 0 0 0 0 0 0
Investments 0 36 36 248 135 256 554 383
Fixed Assets 0 11 11 11 12 12 12 12
Other Loans 0 5 4 5 3 3 2 2
Other Non Current Assets 0 1 1 1 2 0 1 2
Current Assets 0 48 53 65 73 75 73 61
Total Assets 0 101 105 330 225 348 643 461

Ganges Securities Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 0 0 17 1 1 11 13 8
Cash Flow from Operating Activities -0 -14 3 6 11 5 17 3
Cash Flow from Investing Activities 0 5 7 -1 -1 -3 -22 -1
Cash Flow from Financing Activities 0 10 -6 -5 -0 -0 -0 -3
Net Cash Inflow / Outflow -0 2 4 0 9 3 -6 -1
Closing Cash & Cash Equivalent 0 17 21 1 11 13 8 7

Ganges Securities Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 0 0 9.22 7.52 7.14 9.79 7.99 9.74
CEPS(Rs) -7.02 7.08 10.47 8.25 7.79 10.49 8.73 10.48
DPS(Rs) 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 0 0 94.22 313.79 208.33 337.66 623.5 450.99
Net Profit Margin 0 21.26 28.6 23.45 22.41 28.14 23.32 23.64
Operating Margin 0 24.64 37.3 28.81 27.83 33.86 27.07 31.13
PBT Margin 0 23.98 34.76 27.23 27.33 33.62 26.49 30.72
ROA(%) -278.57 11.55 8.93 3.46 2.57 3.42 1.61 1.77
ROE(%) -292.5 13.75 10.29 3.69 2.73 3.59 1.66 1.81
ROCE(%) -292.5 14.04 12.21 4.44 3.36 4.28 1.92 2.38
Price/Earnings(x) 0 0 8.57 6.34 3.5 6.13 16.77 9.66
Price/Book(x) 0 0 0.84 0.15 0.12 0.18 0.21 0.21
Dividend Yield(%) 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0 0.17 2 0.86 -0.11 0.62 3.21 1.44
EV/Core EBITDA(x) -1.11 0.58 4.85 2.76 -0.35 1.72 10.97 4.39
Interest Earned Growth(%) 0 0 17.26 -0.54 -0.7 9.25 -1.53 20.3
Net Profit Growth 0 0 57.71 -18.44 -5.1 37.16 -18.37 21.91
EPS Growth(%) 0 0 0 -18.44 -5.1 37.16 -18.37 21.91
Interest Coverage(x) % 0 37.33 14.68 18.28 56.34 141.34 46.38 76.1

Ganges Securities Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 64.19 66.04 66.64 66.64 66.64 66.64 66.64 66.64 66.64 66.64
FII 0 0.12 0 0 0 0 0 0 0 0
DII 2.67 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Public 33.14 33.83 33.35 33.35 33.35 33.35 33.35 33.35 33.35 33.35
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Stock is trading at 0.3 times its book value
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 2% over the last 3 years.
  • Debtor days have increased from -386.54 to 313.25days.
  • The company has delivered a poor profit growth of 2% over past five years.

* 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.

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