Ganga Papers India Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: February 20, 2025, 8:12 pm

Market Cap	116 Cr.
Current Price	108
High / Low	140/86.6
Stock P/E	76.6
Book Value	27.6
Dividend Yield	0.00 %
ROCE	6.93 %
ROE	5.22 %
Face Value	10.0
PEG Ratio	-4.15

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Ganga Papers India Ltd

Competitors of Ganga Papers India Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Gratex Industries Ltd	5.85 Cr.	19.3	28.4/16.5	65.0	11.6	0.00 %	4.54 %	3.18 %	10.0
Ganga Papers India Ltd	116 Cr.	108	140/86.6	76.6	27.6	0.00 %	6.93 %	5.22 %	10.0
Encode Packaging India Ltd	4.61 Cr.	14.6	19.0/10.3		10.4	0.00 %	3.24 %	3.65 %	10.0
Cella Space Ltd	20.1 Cr.	9.96	16.7/7.98	21.6	10.3	0.00 %	10.7 %	%	10.0
Bandaram Pharma Packtech Ltd	57.3 Cr.	47.8	63.1/28.3	55.6	11.0	0.21 %	9.10 %	6.77 %	10.0
Industry Average	768.69 Cr	97.88		31.36	123.79	0.82%	27.47%	12.39%	6.50

All Competitor Stocks of Ganga Papers India Ltd

Quarterly Result

Metric	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Sales	48.14	73.08	77.29	86.29	71.15	67.60	72.90	62.16	56.94	64.01	62.39	65.73	57.32
Expenses	46.95	70.98	74.45	83.37	68.12	65.76	71.52	60.48	55.38	62.38	60.55	64.28	55.84
Operating Profit	1.19	2.10	2.84	2.92	3.03	1.84	1.38	1.68	1.56	1.63	1.84	1.45	1.48
OPM %	2.47%	2.87%	3.67%	3.38%	4.26%	2.72%	1.89%	2.70%	2.74%	2.55%	2.95%	2.21%	2.58%
Other Income	0.90	0.75	0.31	0.04	0.06	0.05	0.03	0.04	0.10	0.04	0.14	0.03	0.03
Interest	0.54	0.75	0.82	0.69	0.80	0.75	0.51	0.75	0.71	0.69	0.63	0.51	0.58
Depreciation	0.53	0.53	0.53	0.52	0.52	0.55	0.56	0.56	0.56	0.56	0.56	0.55	0.55
Profit before tax	1.02	1.57	1.80	1.75	1.77	0.59	0.34	0.41	0.39	0.42	0.79	0.42	0.38
Tax %	34.31%	35.03%	15.00%	24.57%	28.25%	25.42%	32.35%	24.39%	30.77%	26.19%	25.32%	26.19%	10.53%
Net Profit	0.67	1.02	1.53	1.32	1.27	0.44	0.23	0.31	0.27	0.31	0.59	0.31	0.34
EPS in Rs	0.62	0.95	1.42	1.22	1.18	0.41	0.21	0.29	0.25	0.29	0.55	0.29	0.32

Last Updated: January 5, 2025, 8:05 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	63	67	74	74	81	102	132	140	177	282	297	246	249
Expenses	59	63	71	71	77	98	126	133	168	271	288	239	243
Operating Profit	4	4	3	3	4	4	6	7	8	12	9	7	6
OPM %	7%	6%	4%	5%	5%	4%	5%	5%	5%	4%	3%	3%	3%
Other Income	0	0	0	0	0	-0	1	1	2	0	0	0	0
Interest	1	3	2	2	2	2	3	3	2	3	3	3	3
Depreciation	0	0	1	1	1	1	2	2	2	2	2	2	2
Profit before tax	3	1	1	1	1	2	2	2	6	7	4	2	2
Tax %	3%	2%	11%	9%	-35%	3%	19%	11%	25%	26%	27%	26%
Net Profit	3	1	1	1	2	1	2	2	4	5	3	1	1
EPS in Rs	2.43	1.20	0.95	0.98	1.61	1.38	1.52	1.72	3.83	4.97	3.01	1.37	1.38
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-66.67%	0.00%	0.00%	100.00%	-50.00%	100.00%	0.00%	100.00%	25.00%	-40.00%	-66.67%
Change in YoY Net Profit Growth (%)	0.00%	66.67%	0.00%	100.00%	-150.00%	150.00%	-100.00%	100.00%	-75.00%	-65.00%	-26.67%

Ganga Papers India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	14%
5 Years:	13%
3 Years:	12%
TTM:	0%

Compounded Profit Growth
10 Years:	1%
5 Years:	-2%
3 Years:	-29%
TTM:	36%

Stock Price CAGR
10 Years:	22%
5 Years:	35%
3 Years:	19%
1 Year:	-11%

Return on Equity
10 Years:	15%
5 Years:	15%
3 Years:	13%
Last Year:	5%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 3:32 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	11	11	11	11	11	11	11	11	11	11	11	11	11
Reserves	-5	-4	-4	-3	-1	1	2	4	8	14	17	18	19
Borrowings	31	22	23	19	24	32	37	37	39	41	44	37	39
Other Liabilities	5	5	7	10	9	9	13	15	25	29	22	17	15
Total Liabilities	42	34	37	37	43	52	63	67	83	95	94	84	84
Fixed Assets	6	10	9	8	8	7	28	28	25	23	22	20	19
CWIP	2	2	2	3	7	22	0	0	0	0	0	0	0
Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	34	22	26	26	29	23	35	40	57	72	72	63	65
Total Assets	42	34	37	37	43	52	63	67	83	95	94	84	84

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	2	14	1	2	2	8	0	7	1	2	-7	9
Cash from Investing Activity +	-0	-4	-0	-0	-5	-14	-2	-1	-0	-0	-0	-0
Cash from Financing Activity +	-2	-10	-1	-5	3	7	2	-2	0	0	1	-10
Net Cash Flow	0	0	-0	-3	0	0	0	4	1	2	-6	-1

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-27.00	-18.00	-20.00	-16.00	-20.00	-28.00	-31.00	-30.00	-31.00	-29.00	-35.00	-30.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	38	26	31	39	43	28	48	43	69	42	46	54
Inventory Days	137	99	83	103	88	53	49	49	14	25	40	39
Days Payable	32	32	34	57	49	38	46	50	51	29	25	22
Cash Conversion Cycle	142	93	80	85	82	42	50	42	32	39	61	71
Working Capital Days	99	65	63	67	62	30	39	42	46	44	60	68
ROCE %	12%	12%	10%	10%	10%	9%	11%	11%	14%	16%	10%	7%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	74.98%	74.98%	74.99%	74.99%	74.99%	74.99%	74.99%	74.99%	74.99%	74.99%	74.99%	74.99%
DIIs	0.25%	0.25%	0.25%	0.25%	0.25%	0.25%	0.25%	0.25%	0.25%	0.25%	0.25%	0.25%
Public	24.77%	24.77%	24.78%	24.77%	24.77%	24.76%	24.77%	24.78%	24.77%	24.77%	24.77%	24.78%
No. of Shareholders	481	592	616	631	657	645	672	701	834	859	874	861

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	1.37	3.02	4.96	3.83	1.73
Diluted EPS (Rs.)	1.37	3.02	4.96	3.83	1.73
Cash EPS (Rs.)	3.44	5.02	6.93	5.81	3.66
Book Value[Excl.RevalReserv]/Share (Rs.)	26.98	25.61	22.59	17.63	13.80
Book Value[Incl.RevalReserv]/Share (Rs.)	26.98	25.61	22.59	17.63	13.80
Revenue From Operations / Share (Rs.)	227.55	276.16	254.83	163.69	129.40
PBDIT / Share (Rs.)	6.51	8.67	11.08	9.37	6.98
PBIT / Share (Rs.)	4.44	6.67	9.12	7.39	5.04
PBT / Share (Rs.)	1.86	4.12	6.68	5.14	1.93
Net Profit / Share (Rs.)	1.37	3.02	4.96	3.83	1.73
PBDIT Margin (%)	2.86	3.13	4.34	5.72	5.39
PBIT Margin (%)	1.95	2.41	3.57	4.51	3.89
PBT Margin (%)	0.81	1.49	2.62	3.13	1.49
Net Profit Margin (%)	0.60	1.09	1.94	2.34	1.33
Return on Networth / Equity (%)	5.07	11.77	21.96	21.73	12.52
Return on Capital Employeed (%)	15.25	22.59	25.09	21.81	16.86
Return On Assets (%)	1.76	3.46	5.64	5.00	2.76
Long Term Debt / Equity (X)	0.01	0.08	0.53	0.83	1.11
Total Debt / Equity (X)	1.27	1.61	1.56	1.81	2.36
Asset Turnover Ratio (%)	2.76	3.16	3.10	2.35	2.14
Current Ratio (X)	1.21	1.15	1.28	1.23	1.05
Quick Ratio (X)	0.83	0.77	1.02	1.13	0.74
Inventory Turnover Ratio (X)	8.57	12.06	24.09	16.61	8.39
Interest Coverage Ratio (X)	2.53	3.40	4.54	4.15	2.24
Interest Coverage Ratio (Post Tax) (X)	1.53	2.18	3.03	2.70	1.55
Enterprise Value (Cr.)	142.35	115.59	99.17	61.65	54.58
EV / Net Operating Revenue (X)	0.57	0.38	0.36	0.34	0.39
EV / EBITDA (X)	20.26	12.36	8.29	6.10	7.25
MarketCap / Net Operating Revenue (X)	0.43	0.24	0.25	0.19	0.16
Price / BV (X)	3.67	2.67	2.90	1.79	1.58
Price / Net Operating Revenue (X)	0.43	0.24	0.25	0.19	0.16
EarningsYield	0.01	0.04	0.07	0.12	0.07

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Ganga Papers India Ltd as of February 23, 2025 is: ₹90.05

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of February 23, 2025, Ganga Papers India Ltd is Overvalued by 16.62% compared to the current share price ₹108.00

Intrinsic Value of Ganga Papers India Ltd as of February 23, 2025 is: 73.42

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of February 23, 2025, Ganga Papers India Ltd is Overvalued by 32.02% compared to the current share price ₹108.00

Last 5 Year EPS CAGR: -18.47%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has shown consistent growth in sales (152.62 cr) and profit (2.62 cr) over the years.	The stock has a low average ROCE of 11.00%, which may not be favorable. The stock has a high average Working Capital Days of 57.08, which may not be favorable. The stock has a high average Cash Conversion Cycle of 68.25, which may not be favorable. The company has higher borrowings (32.69) compared to reserves (5.08), which may suggest financial risk.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Ganga Papers India Ltd:
1. Net Profit Margin: 0.6%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 15.25% (Industry Average ROCE: 27.47%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 5.07% (Industry Average ROE: 12.39%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 1.53
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.83
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 76.6 (Industry average Stock P/E: 31.36)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 1.27
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Ganga Papers India Ltd. is a Public Limited Listed company incorporated on 11/03/1985 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L21012MH1985PTC035575 and registration number is 035575. Currently company belongs to the Industry of Paper & Paper Products. Company's Total Operating Revenue is Rs. 245.50 Cr. and Equity Capital is Rs. 10.79 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Paper & Paper Products	241, Village Bebedohal, Tal. Maval, Pune Maharashtra 410506	gangapapers@gmail.com http://www.gangapapers.in

Management
Name	Position Held
Mr. Ramesh Kumar Chaudhary	Chairman & Non-Exe.Director
Mr. Sandeep Kanoria	Executive & Managing Director
Mr. Manish Kumar	Non Executive Director
Mrs. Sadhana Kanoria	Non Executive Woman Director
Mr. Ratan Kumar Singh	Independent Director
Mr. Sanjeev Murarilal Jalan	Independent Director
Mr. Anjani Kumar Agrawal	Independent Director
Mr. Amit Kapoor	Independent Director

FAQ

What is the latest intrinsic value of Ganga Papers India Ltd?

Let's break down Ganga Papers India Ltd's intrinsic value simply:

We calculate intrinsic value using the PE Ratio Method - comparing the company's current price-to-earnings ratio with its historical average and industry peers. Think of it like checking if a stock is "on sale" compared to its typical pricing.

As of 23 February 2025:

Calculated Fair Value: ₹90.05
Current Market Price: ₹108.00
Variance: 16.62% lower

This suggests Ganga Papers India Ltd is currently overvalued by 16.62%. For context:

Market Cap: 116 Cr.
52-Week Range: 140/86.6
Reserves (Sep 2024): ₹19 Cr
Liabilities: 84 Cr

Remember: The PE method gives a snapshot based on earnings multiples. While useful for quick comparisons, investors should also consider growth prospects, industry trends, and economic conditions. This calculation assumes historical PE ratios remain relevant - always verify with current market dynamics.

What is the Market Cap of Ganga Papers India Ltd?

The Market Cap of Ganga Papers India Ltd is 116 Cr..

What is the current Stock Price of Ganga Papers India Ltd as on 23 February 2025?

The current stock price of Ganga Papers India Ltd as on 23 February 2025 is ₹108.

What is the High / Low of Ganga Papers India Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Ganga Papers India Ltd stocks is 140/86.6.

What is the Stock P/E of Ganga Papers India Ltd?

The Stock P/E of Ganga Papers India Ltd is 76.6.

What is the Book Value of Ganga Papers India Ltd?

The Book Value of Ganga Papers India Ltd is 27.6.

What is the Dividend Yield of Ganga Papers India Ltd?

The Dividend Yield of Ganga Papers India Ltd is 0.00 %.

What is the ROCE of Ganga Papers India Ltd?

The ROCE of Ganga Papers India Ltd is 6.93 %.

What is the ROE of Ganga Papers India Ltd?

The ROE of Ganga Papers India Ltd is 5.22 %.

What is the Face Value of Ganga Papers India Ltd?

The Face Value of Ganga Papers India Ltd is 10.0.