Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 30 May, 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.
INDUSTRYADDRESSCONTACT
Finance & InvestmentsP.O. Hargaon, Sitapur Dist. Uttar Pradesh 261121gangessecurities@birlasugar.org
http://www.birla-sugar.com
Management
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

Basic Stock Data of Ganges Securities Ltd

Last Updated: May 30, 2024, 5:52 am

Market Cap 153 Cr.
Current Price 153
High / Low177/101
Stock P/E44.0
Book Value 545
Dividend Yield0.00 %
ROCE1.19 %
ROE0.70 %
Face Value 10.0
PEG Ratio-4.09

Ganges Securities Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales10.511.955.0115.7312.362.448.0819.489.274.475.8913.3312.97
Expenses8.245.343.907.309.605.216.775.579.617.776.214.4911.66
Operating Profit2.27-3.391.118.432.76-2.771.3113.91-0.34-3.30-0.328.841.31
OPM %21.60%-173.85%22.16%53.59%22.33%-113.52%16.21%71.41%-3.67%-73.83%-5.43%66.32%10.10%
Other Income0.120.120.21-0.05-0.030.360.600.050.670.680.170.170.65
Interest0.040.040.040.040.080.040.040.120.000.010.000.000.01
Depreciation0.180.180.180.190.190.190.170.180.190.190.190.200.20
Profit before tax2.17-3.491.108.152.46-2.641.7013.660.14-2.82-0.348.811.75
Tax %14.75%4.30%9.09%4.79%28.46%3.79%17.06%23.43%-350.00%2.84%-52.94%24.29%23.43%
Net Profit1.85-3.341.007.761.77-2.541.4010.450.63-2.74-0.526.671.34
EPS in Rs1.85-3.341.007.761.77-2.541.4010.450.63-2.74-0.526.671.34

Last Updated: May 6, 2024, 4:23 pm

Ganges Securities Ltd Quarterly Chart

Ganges Securities Ltd Profit & Loss

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales0.0028.7033.4732.0931.8734.8134.4141.9332.96
Expenses0.0420.8020.3722.4322.4722.8426.0029.7428.08
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 Income0.000.110.190.320.120.511.611.381.69
Interest0.000.180.820.510.160.080.200.170.01
Depreciation0.001.231.250.730.650.700.740.730.77
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:2%
3 Years:0%
TTM:-17%
Compounded Profit Growth
10 Years:%
5 Years:-14%
3 Years:-29%
TTM:-64%
Stock Price CAGR
10 Years:%
5 Years:29%
3 Years:34%
1 Year:52%
Return on Equity
10 Years:%
5 Years:2%
3 Years:1%
Last Year:1%

Last Updated: May 25, 2024, 8:27 pm

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
Reserves-0.0475.0884.25303.91198.40327.78613.72441.15538.32
Preference Capital0.001.501.500.000.000.000.000.00
Borrowings0.0010.004.752.452.582.472.630.000.00
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
CWIP0.000.760.500.810.670.681.322.270.76
Investments0.0035.7335.73247.75135.47256.49554.19383.40474.57
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
Promoters61.77%61.77%61.77%64.02%64.19%66.04%66.64%66.64%66.64%66.64%66.64%66.64%
FIIs0.00%0.00%0.00%0.00%0.00%0.12%0.00%0.00%0.00%0.00%0.00%0.00%
DIIs3.45%3.45%3.45%2.76%2.67%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public34.78%34.78%34.78%33.22%33.14%33.83%33.35%33.36%33.35%33.35%33.35%33.36%
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
FaceValue10.0010.0010.0010.0010.00
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 (%)2.161.282.893.422.39
Return on Capital Employeed (%)2.821.453.464.192.92
Return On Assets (%)2.131.242.823.282.33
Asset Turnover Ratio (%)0.020.010.030.000.01
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)0.200.210.170.110.15
Price / Net Operating Revenue (X)2.283.911.720.781.49
EarningsYield0.100.050.160.280.15

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

Fair Value: ₹171.22

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.

Undervalued: 11.91% compared to the current price ₹153

Intrinsic Value: ₹152.79

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 0.14% compared to the current price ₹153

Last 5 Year EPS CAGR: -10.76%

*Investments are subject to market risks

Strength and Weakness of Ganges Securities Ltd Stock

StrengthWeakness
  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 has a low average ROCE of 5.31%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 110.21, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 9.53, which may not be favorable.

FAQ

What is the latest fair value of Ganges Securities Ltd?

The latest fair value of Ganges Securities Ltd is ₹171.22.

What is the Market Cap of Ganges Securities Ltd?

The Market Cap of Ganges Securities Ltd is 153 Cr..

What is the current Stock Price of Ganges Securities Ltd as on 30 May 2024?

The current stock price of Ganges Securities Ltd as on 30 May 2024 is ₹153.

What is the High / Low of Ganges Securities Ltd stocks in FY 2024?

In FY 2024, the High / Low of Ganges Securities Ltd stocks is 177/101.

What is the Stock P/E of Ganges Securities Ltd?

The Stock P/E of Ganges Securities Ltd is 44.0.

What is the Book Value of Ganges Securities Ltd?

The Book Value of Ganges Securities Ltd is 545.

What is the Dividend Yield of Ganges Securities Ltd?

The Dividend Yield of Ganges Securities Ltd is 0.00 %.

What is the ROCE of Ganges Securities Ltd?

The ROCE of Ganges Securities Ltd is 1.19 %.

What is the ROE of Ganges Securities Ltd?

The ROE of Ganges Securities Ltd is 0.70 %.

What is the Face Value of Ganges Securities Ltd?

The Face Value of Ganges Securities Ltd is 10.0.

About the Author

Author Avatar
Getaka

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 getaka.co.in 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