Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Ganges Securities Ltd

About the Company - Ganges Securities Ltd

Ganges Securities Ltd. is a Public Limited Listed company incorporated on 30/03/2015 and has its registered office in the State of Uttar Pradesh, India. Company’s Corporate Identification Number(CIN) is L74120UP2015PLC069869 and registration number is 069869. Currently Company is involved in the business activities of Other financial service activities, except insurance and pension funding activities. Company’s Total Operating Revenue is Rs. 7.91 Cr. and Equity Capital is Rs. 10.00 Cr. for the Year ended 31/03/2022.
Finance & InvestmentsP.O. Hargaon, Sitapur Dist. Uttar Pradesh
NamePosition Held
Mrs. Nandini NopanyChairperson
Mrs. Urvi MittalManaging Director
Mr. Dhiraj Ramakant BankaDirector
Mr. Chhedi Lal AgarwalDirector
Mr. Arun Kumar NewarDirector
Mr. Brij Mohan AgarwalDirector

Ganges Securities Ltd. Share Price Update

Share PriceValue
Previous Day₹131.65

Basic Stock Data of Ganges Securities Ltd

Market Cap 130 Cr.
Current Price 130
High / Low146/86.0
Stock P/E27.3
Book Value 548
Dividend Yield0.00 %
ROCE2.37 %
ROE1.80 %
Face Value 10.0

Data Source:

Ganges Securities Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Operating Profit11.532.27-3.391.118.432.76-2.771.3113.91-0.34-3.30-0.328.84
OPM %65.40%21.60%-173.85%22.16%53.59%22.33%-113.52%16.21%71.41%-3.67%-73.83%-5.43%66.32%
Other Income0.
Profit before tax11.442.17-3.491.108.152.46-2.641.7013.660.14-2.82-0.348.81
Tax %12.15%14.75%4.30%9.09%4.79%28.46%3.79%17.06%23.43%-350.00%2.84%-52.94%24.29%
Net Profit10.051.85-3.341.007.761.77-2.541.4010.450.63-2.74-0.526.67
EPS in Rs10.051.85-3.341.007.761.77-2.541.4010.450.63-2.74-0.526.67

Ganges Securities Ltd Quarterly Chart

Ganges Securities Ltd Profit & Loss

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Operating Profit-0.047.9013.109.669.4011.978.4112.194.88
OPM %27.53%39.14%30.10%29.49%34.39%24.44%29.07%14.81%
Other Income0.
Profit before tax-0.046.6011.228.748.7111.709.0812.675.79
Tax %0.00%11.36%17.74%13.96%18.03%16.32%11.89%23.05%
Net Profit-0.045.859.237.527.149.797.999.754.04
EPS in Rs5.859.237.527.149.797.999.754.04
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Ganges Securities Ltd Profit & Loss Yearly Chart

Ganges Securities Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:5%
3 Years:10%
Compounded Profit Growth
10 Years:%
5 Years:1%
3 Years:10%
Stock Price CAGR
10 Years:%
5 Years:26%
3 Years:23%
1 Year:16%
Return on Equity
10 Years:%
5 Years:2%
3 Years:2%
Last Year:2%

Ganges Securities Ltd Balance Sheet

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital0.0510.0010.0010.0010.0010.0010.0010.0010.00
Preference Capital0.001.501.500.
Other Liabilities0.006.256.306.076.205.9414.366.147.72
Total Liabilities0.01101.33105.30322.43217.18346.19640.71457.29556.04
Fixed Assets0.0011.4711.3411.1111.7112.0012.0712.2813.73
Other Assets0.0153.3757.7362.7669.3377.0273.1359.3466.98
Total Assets0.01101.33105.30322.43217.18346.19640.71457.29556.04

Ganges Securities Ltd Reserves and Borrowings Chart

Ganges Securities Ltd Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -0.04-13.583.116.0810.575.1116.673.13
Cash from Investing Activity 0.0020.036.91-0.80-1.02-2.54-22.26-1.30
Cash from Financing Activity 0.0010.00-6.07-5.06-0.10-0.04-0.07-2.83
Net Cash Flow-0.0416.443.950.229.452.53-5.66-0.99

Ganges Securities Ltd Financial Efficiency Indicators

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days12.4614.8318.6515.356.191.597.14
Inventory Days
Days Payable
Cash Conversion Cycle12.4614.8318.6515.356.191.597.14
Working Capital Days354.57322.2569.1651.7730.3038.9314.71
ROCE %13.83%12.22%4.43%3.42%4.27%1.92%2.37%

Ganges Securities Ltd Financial Efficiency Indicators Chart

Ganges Securities Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
No. of Shareholders5,2475,1515,0215,4475,2195,0194,8544,8715,2595,1164,9875,237

Ganges Securities Ltd Shareholding Pattern Chart

No. of Ganges Securities Ltd Shareholders

This stock is not held by any mutual fund

Ganges Securities Ltd ROCE Trend

Ganges Securities Ltd EPS Trend

Ganges Securities Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
Basic EPS (Rs.)9.747.999.797.147.52
Diluted EPS (Rs.)9.747.999.797.147.52
Cash EPS (Rs.)10.488.7310.487.798.25
Book Value[Excl.RevalReserv]/Share (Rs.)450.99623.50337.65208.33313.79
Book Value[Incl.RevalReserv]/Share (Rs.)450.99623.50337.65208.33313.79
Revenue From Operations / Share (Rs.)41.2234.2634.8031.8532.08
PBDIT / Share (Rs.)13.5710.0212.489.529.97
PBIT / Share (Rs.)12.839.2811.788.869.24
PBT / Share (Rs.)12.669.0811.708.718.73
Net Profit / Share (Rs.)9.747.999.797.147.52
NP After MI And SOA / Share (Rs.)9.747.999.797.147.52
PBDIT Margin (%)32.9129.2335.8529.8831.09
PBIT Margin (%)31.1327.0733.8627.8228.80
PBT Margin (%)30.7226.4933.6227.3327.23
Net Profit Margin (%)23.6323.3228.1322.4123.44
NP After MI And SOA Margin (%)23.6323.3228.1322.4123.44
Return on Networth / Equity (%)
Return on Capital Employeed (%)2.821.453.464.192.92
Return On Assets (%)
Asset Turnover Ratio (%)
Current Ratio (X)133.47204.9157.8233.6349.54
Quick Ratio (X)132.72203.8757.4533.2249.11
Interest Coverage Ratio (X)80.4450.08149.6860.5019.73
Interest Coverage Ratio (Post Tax) (X)58.7840.95118.4446.3715.88
Enterprise Value (Cr.)59.57109.9719.05-5.9625.05
EV / Net Operating Revenue (X)1.443.210.54-0.180.78
EV / EBITDA (X)4.3910.971.53-0.622.51
MarketCap / Net Operating Revenue (X)2.283.911.720.781.49
Price / BV (X)
Price / Net Operating Revenue (X)2.283.911.720.781.49

Ganges Securities Ltd Profitability Ratios (%)

Ganges Securities Ltd Liquidity Ratios

Ganges Securities Ltd Liquidity Ratios (%)

Ganges Securities Ltd Interest Coverage Ratios (%)

Ganges Securities Ltd Valuation Ratios

Fair Value of Ganges Securities Ltd Stock

Fair Value: ₹274.67

The stock is undervalued by 111.29% compared to the current price ₹130

*Investments are subject to market risks

Strength and Weakness of Ganges Securities Ltd Stock

  1. The company has higher reserves (286.95 cr) compared to borrowings (0.33 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (30.03 cr) and profit (8.27 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 10.40 and average Dividend Yield of 29.74%.
  2. The stock has a low average ROCE of 5.31%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 110.21, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 9.53, which may not be favorable.

About the Author

Author Avatar

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Ganges Securities Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE