WEBSITE BSE:505250 NSE: GGDPROP Inc. Year: 1938 Industry: Engineering - Industrial Equipments My Bucket: Add Stock
Last updated: 10:41
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1. Business Overview
G.G. Dandekar Properties Ltd. operates in the Engineering - Industrial Equipments sector, as per the provided information. Companies in this sector typically engage in the design, manufacturing, supply, installation, and maintenance of various industrial machinery, tools, and equipment used across diverse manufacturing, infrastructure, and processing industries. Revenue is generally generated through direct sales of equipment, execution of industrial projects, and potentially through after-sales service, spare parts, and maintenance contracts.
Self-correction/Note: The company name "G.G. Dandekar Properties Ltd." strongly suggests its primary business might be real estate development or property management, which contradicts the stated sector. This analysis proceeds assuming the stated "Engineering - Industrial Equipments" sector, but acknowledges this fundamental ambiguity.
2. Key Segments / Revenue Mix
Specific key segments or revenue contribution breakdowns for G.G. Dandekar Properties Ltd. are not publicly available based on the given information. Within the industrial equipment sector, potential segments could include manufacturing of specialized machinery (e.g., material handling, processing, power generation equipment), fabrication services, equipment installation and commissioning, or providing integrated industrial solutions. The actual mix would depend on the company's specific product and service portfolio.
3. Industry & Positioning
The Indian Engineering - Industrial Equipments industry is diverse, characterized by a wide range of products and services, from heavy engineering to precision components. It is largely driven by industrial growth, capital expenditure cycles, infrastructure development, and manufacturing sector expansion. The market can be competitive, involving large domestic and international players, as well as numerous smaller, niche manufacturers. Without specific operational details, market share data, or product offerings, G.G. Dandekar Properties Ltd.'s precise positioning (e.g., market leader, specialized niche player, generalist supplier) within this broad industry cannot be determined. The inconsistency in the company name further obscures its actual industry footprint.
4. Competitive Advantage (Moat)
Given the limited information, it is difficult to ascertain specific competitive advantages (moats) for G.G. Dandekar Properties Ltd. In the industrial equipment sector, potential moats could include specialized technological expertise, proprietary product designs, strong brand reputation for product reliability and quality, an extensive distribution and after-sales service network, long-standing customer relationships, cost efficiency in manufacturing, or high switching costs for complex, integrated equipment solutions. Without further details on the company's actual operations and market standing, it's not possible to confirm if GGDPROP possesses any durable competitive advantages.
5. Growth Drivers
Potential growth drivers for a company operating in the Engineering - Industrial Equipments sector in India include:
Increased capital expenditure (Capex) by various manufacturing and infrastructure industries.
Government initiatives promoting domestic manufacturing and infrastructure development (e.g., 'Make in India', National Infrastructure Pipeline).
Growing demand for automation, modernization, and technological upgrades across industrial sectors.
Expansion of existing industrial capacities and establishment of new manufacturing units driven by economic growth.
Rising urbanization and continued industrialization trends in India.
6. Risks
Key risks for G.G. Dandekar Properties Ltd., assuming its operations are genuinely in industrial equipment, include:
Cyclicality: High sensitivity to economic downturns and fluctuations in industrial capital expenditure cycles.
Raw Material Volatility: Exposure to price volatility of key raw materials such as steel, other metals, and energy.
Competition: Intense competition from both domestic and international players, leading to pricing pressures and margin erosion.
Technological Obsolescence: The constant need for innovation and adaptation to evolving industrial technologies and customer requirements.
Project Execution Risks: Challenges in timely and cost-effective delivery of complex engineering projects, leading to cost overruns or penalties.
Regulatory & Policy Changes: Impact of government policies related to manufacturing, trade, tariffs, and environmental compliance.
Business Ambiguity: A significant risk arises from the contradiction between the company's name ('Properties Ltd.') and its stated sector ('Engineering - Industrial Equipments'), which introduces substantial uncertainty regarding its true primary business operations and associated risk profile.
7. Management & Ownership
Specific information regarding the promoters, management team's quality, or detailed ownership structure for G.G. Dandekar Properties Ltd. is not publicly available based on the provided data. In many Indian companies, particularly those outside the very largest, a promoter family or group typically holds a significant ownership stake and plays a crucial role in management and strategic decision-making.
8. Outlook
The outlook for G.G. Dandekar Properties Ltd. is highly uncertain due to the fundamental contradiction between its registered name and the provided sector/industry classification.
If primarily in Industrial Equipments: The company could potentially benefit from India's long-term industrial growth, infrastructure development, and manufacturing expansion. Demand for industrial machinery and engineering services is expected to remain robust, driven by domestic consumption and government initiatives. However, the sector is competitive, cyclical, and sensitive to economic fluctuations and raw material costs.
If primarily in Real Estate: If its actual business aligns with its 'Properties Ltd.' name, the outlook would depend entirely on the dynamics of the Indian real estate market, including property demand, regulatory changes (e.g., RERA), interest rate movements, and localized market conditions.
Without clear, verified information on the company's actual primary operations, specific assets, financial performance, or market positioning, a definitive balanced view cannot be adequately formed. Investors would need to clarify the company's true business activities before making any assessments.
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Market Cap ₹29 Cr.
Stock P/E -100.6
P/B 0.6
Current Price ₹61
Book Value ₹ 106.3
Face Value 1
52W High ₹99
Dividend Yield 0%
52W Low ₹ 46.5
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Total Expenditure | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 1 |
| Operating Profit | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 0 | -3 |
| Profit Before Tax | 0 | -1 | -0 | -0 | -0 | -0 | -0 | 4 | -0 | -3 |
| Provision for Tax | -0 | 0 | 3 | 0 | 0 | -2 | 0 | 0 | 0 | 0 |
| Profit After Tax | 0 | -1 | -4 | -0 | -0 | 1 | -1 | 4 | -0 | -3 |
| Adjustments | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -0 | -1 | -3 | -0 | -0 | 1 | -1 | 4 | 0 | -3 |
| Adjusted Earnings Per Share | -0.3 | -1.2 | -7.2 | -0.8 | -0.8 | 2.9 | -1.3 | 8.1 | 0.1 | -5.6 |
| #(Fig in Cr.) | Mar 2011 | Mar 2012 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 17 | 13 | 5 | 4 | 5 | 0 | 3 | 3 | 4 | 4 |
| Other Income | 5 | 1 | 1 | 0 | 1 | 20 | 0 | 1 | 1 | 0 |
| Total Income | 21 | 14 | 5 | 5 | 5 | 20 | 3 | 4 | 4 | 4 |
| Total Expenditure | 18 | 16 | 7 | 8 | 6 | 2 | 1 | 2 | 2 | 2 |
| Operating Profit | 3 | -1 | -2 | -3 | -0 | 18 | 2 | 2 | 2 | 2 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 2 | 1 | 1 | 0 | 2 | 3 | 3 | 4 |
| Exceptional Income / Expenses | 0 | -7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit Before Tax | 2 | -9 | -4 | -4 | -1 | 18 | -1 | -1 | -2 | 1 |
| Provision for Tax | 0 | -1 | -0 | -0 | 0 | 0 | 1 | 3 | -1 | 0 |
| Profit After Tax | 2 | -8 | -4 | -3 | -1 | 18 | -1 | -5 | -0 | 0 |
| Adjustments | 0 | 0 | 0 | 0 | 1 | -2 | -2 | 0 | 0 | 0 |
| Profit After Adjustments | 2 | -8 | -4 | -3 | 0 | 16 | -3 | -4 | 0 | 0 |
| Adjusted Earnings Per Share | 3.7 | -16.5 | -8.7 | -7.1 | 0.2 | 34.6 | -6.5 | -9.3 | 0.1 | 1.3 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 33% | 0% | 0% | 0% |
| Operating Profit CAGR | 0% | -52% | 0% | 0% |
| PAT CAGR | 0% | -100% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -29% | 2% | 4% | 1% |
| ROE Average | -1% | -4% | 4% | -3% |
| ROCE Average | -2% | -1% | 6% | -1% |
| #(Fig in Cr.) | Mar 2011 | Mar 2012 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 31 | 23 | 35 | 29 | 40 | 56 | 54 | 49 | 50 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 6 | 5 | 0 | 0 | 0 | 0 | 4 | 4 | 4 |
| Other Non-Current Liabilities | 2 | -1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 |
| Total Current Liabilities | 7 | 14 | 6 | 6 | 5 | 1 | 1 | 1 | 1 |
| Total Liabilities | 46 | 41 | 42 | 36 | 46 | 58 | 61 | 57 | 57 |
| Fixed Assets | 3 | 3 | 11 | 10 | 9 | 9 | 6 | 5 | 5 |
| Other Non-Current Assets | 24 | 28 | 26 | 20 | 29 | 5 | 48 | 45 | 46 |
| Total Current Assets | 19 | 10 | 6 | 6 | 8 | 44 | 7 | 7 | 5 |
| Total Assets | 46 | 41 | 42 | 36 | 46 | 58 | 61 | 57 | 57 |
| #(Fig in Cr.) | Mar 2011 | Mar 2012 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 9 | 3 | 2 | 0 | 0 | 2 | 19 | 2 | 1 |
| Cash Flow from Operating Activities | 0 | -3 | -3 | -3 | -3 | -4 | 1 | 1 | 1 |
| Cash Flow from Investing Activities | -11 | 4 | 1 | 3 | 4 | 21 | -22 | -2 | -2 |
| Cash Flow from Financing Activities | 6 | -3 | 0 | 0 | 0 | 0 | 4 | -1 | -1 |
| Net Cash Inflow / Outflow | -5 | -2 | -2 | 0 | 1 | 17 | -17 | -1 | -1 |
| Closing Cash & Cash Equivalent | 3 | 2 | 0 | 0 | 2 | 19 | 2 | 1 | 0 |
| # | Mar 2011 | Mar 2012 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 3.67 | -16.5 | -8.74 | -7.14 | 0.16 | 34.62 | -6.52 | -9.27 | 0.13 |
| CEPS(Rs) | 4.27 | -15.97 | -4.32 | -5.57 | -0.98 | 38 | 1.49 | -3.69 | 5.24 |
| DPS(Rs) | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 64.55 | 48.04 | 74.23 | 61.84 | 85.04 | 117.6 | 112.84 | 103.69 | 104.12 |
| Core EBITDA Margin(%) | -10.44 | -17.95 | -54.91 | -78.52 | -24.5 | 0 | 46.15 | 44.41 | 31.76 |
| EBIT Margin(%) | 15.56 | -65.03 | -87.37 | -87.2 | -24.51 | 0 | -23.9 | -24.43 | -30.6 |
| Pre Tax Margin(%) | 13.41 | -67.65 | -87.37 | -87.2 | -24.51 | 0 | -33.45 | -39.04 | -42.72 |
| PAT Margin (%) | 10.54 | -59.63 | -87.31 | -81.02 | -25.09 | 0 | -55.96 | -152.8 | -8.01 |
| Cash Profit Margin (%) | 12.26 | -57.7 | -43.18 | -63.08 | -10.26 | 0 | 28.25 | -59.28 | 69.28 |
| ROA(%) | 4.24 | -18.02 | -9.98 | -8.73 | -2.81 | 34.81 | -2.36 | -7.68 | -0.51 |
| ROE(%) | 5.75 | -29.32 | -14.3 | -10.52 | -3.28 | 37.48 | -2.56 | -8.78 | -0.58 |
| ROCE(%) | 7.23 | -24.36 | -12.65 | -11.32 | -3.2 | 37.49 | -1.05 | -1.29 | -2.05 |
| Receivable days | 9.81 | 20.3 | 48.11 | 12.39 | 13.45 | 0 | 5.95 | 0 | 0 |
| Inventory Days | 107.4 | 134.31 | 224.56 | 99.13 | 74.82 | 0 | 0 | 0 | 0 |
| Payable days | 47.97 | 40.43 | 204.63 | 437.95 | 325.22 | 0 | 0 | 0 | 0 |
| PER(x) | 19.84 | 0 | 0 | 0 | 305.35 | 1.79 | 0 | 0 | 713.72 |
| Price/Book(x) | 1.13 | 1.64 | 0.81 | 0.46 | 0.57 | 0.53 | 0.42 | 0.98 | 0.88 |
| Dividend Yield(%) | 4.12 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 2.44 | 3.29 | 6.02 | 3.01 | 4.54 | 0 | 9.21 | 15.66 | 12.11 |
| EV/Core EBITDA(x) | 14.12 | -30.43 | -13.92 | -4.34 | -46.9 | 0.57 | 15.27 | 22.66 | 25.94 |
| Net Sales Growth(%) | -13.95 | -20.47 | -63.81 | -11.79 | 8.66 | -100 | 0 | 17.99 | 21.7 |
| EBIT Growth(%) | -19.75 | -432.39 | 51.38 | 11.96 | 69.45 | 1713.96 | -103.32 | -20.6 | -52.44 |
| PAT Growth(%) | 6.03 | -550.12 | 47.02 | 18.15 | 66.35 | 1676.61 | -107.77 | -222.17 | 93.62 |
| EPS Growth(%) | 6.03 | -550.12 | 47.02 | 18.4 | 102.23 | 0 | -118.84 | -42.1 | 101.38 |
| Debt/Equity(x) | 0.3 | 0.33 | 0 | 0 | 0 | 0 | 0.09 | 0.09 | 0.08 |
| Current Ratio(x) | 2.72 | 0.74 | 0.94 | 0.98 | 1.74 | 65.63 | 5.35 | 4.99 | 8.78 |
| Quick Ratio(x) | 1.99 | 0.4 | 0.74 | 0.8 | 1.56 | 64.94 | 5.35 | 4.99 | 8.78 |
| Interest Cover(x) | 7.24 | -24.77 | 0 | 0 | 0 | 0 | -2.5 | -1.67 | -2.52 |
| Total Debt/Mcap(x) | 0.26 | 0.2 | 0 | 0 | 0 | 0 | 0.2 | 0.09 | 0.09 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 60.2 | 60.2 | 60.2 | 60.2 | 60.2 | 60.2 | 60.2 | 60.2 | 60.2 | 60.2 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 2.52 | 2.36 | 2.36 | 2.05 | 1.98 | 1.98 | 1.98 | 1.98 | 1.98 | 1.98 |
| Public | 37.28 | 37.44 | 37.44 | 37.75 | 37.82 | 37.82 | 37.82 | 37.82 | 37.82 | 37.82 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Public | 0.18 | 0.18 | 0.18 | 0.18 | 0.18 | 0.18 | 0.18 | 0.18 | 0.18 | 0.18 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 |
* The pros and cons are machine generated.
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