Ganga Bath Fittings Ltd (GANGABATH) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Ganga Bath Fittings Limited was originally formed as Limited Liability Partnership in the name and style of M/s. Ganga Plast Industries LLP. The LLP got converted from into Limited Company with the name of Ganga Bath Fittings Limited (Formerly known as M/s. Ganga Plast Industries Limited) with effect from May 22, 2024.

The company is engaged in the business of manufacturing and supplying Bathroom Accessories including but not limited to bath fittings items such as CP taps and their parts, showers, bath accessories, Sanitary wear, ABS Shower, ABS Health faucet, ABS Taps, ABS Accessories, PTMT Taps, Door Handles, Bathroom Vanities, Bathroom Sinks, SS Showers, Shower Drains, SS Channel Drainer etc.

The Company derives its revenues from three verticals, viz.: i) sale of goods manufactured and sold under own brands - under this vertical the Company manufactures various bath fittings and accessories and the same are then sold under its brand names, viz. Ganga, Glimpse, Stepian, and Tora; ii) sale of goods to OEMs on contract manufacturing basis - under this vertical the company manufactures various bath fittings and accessories for third parties, under contract manufacturing. The said goods manufactured by the Company are sold under the brand of the third party; and iii) sale of traded goods - under this vertical, the company procures Sanitary ware which is then branded and sold under the brand name Ganga.

The company’s manufacturing facilities are technologically aligned to develop and manufacture the products that adhere to the stringent quality control requirements of its customer. It also manufactures customized components as per its customer’s specific requirements, while ensuring that its products meet the quality and are manufactured as per its customer’s specification in a timely manner. It also offers personalized services to its strong customer base across India. The company’s focus is to consistently expand its product portfolio by developing new designs. It shares a longstanding relationship with its customer and it receives majority of its business from repetitive clients. The company constantly engages with its customers through marketing via personal interactions and updating them on its capabilities and strengths.

Business area of the company

The company is engaged in the business of manufacturing, producing, buying, selling otherwise dealing in all kinds of sanitary and bath ware products.

Products of the company

• Thermostatic divertor
• Project divertor
• Kubix Prime Jet Black/Gold
• Hector (20 MM Cartridge)
• Fortuner (20 MM Cartridge)
• Signo (15 MM Cartridge)
• Silicon pipe

Awards, Accreditations or Recognitions 

• July 18, 2024: Obtained ISO Certification 9001:2015 for Design, Manufacture & Supply of Brass Bath Fittings, Sanitarywares, PTMT Taps, SS Shower, SS Gully, ABS Taps, and all Kind of Accessories.

History and milestones

• October 10, 2018: Formation of ‘GANGA PLAST INDUSTRIES’ a partnership Firm, through a Partnership Deed entered into between Tusharkumar Vithaldas Tilva, Niruben Tusharkumar Tilva, Jimmy Tusharkumar Tilva, Sajan Tusharbhai Tilva.
• November 06, 2020: Conversion of ‘GANGA PLAST INDUSTRIES’ (A Partnership Firm), into a Limited Liability Partnership, ‘GANGA PLAST INDUSTRIES LLP’ consisting of Tusharkumar Vithaldas Tilva, Niruben Tusharkumar Tilva, Jimmy Tusharkumar Tilva, Sajan Tusharbhai Tilva as partners.
• May 22, 2024: Incorporation of the company ‘GANGA PLAST INDUSTRIES LIMITED’ as a Public Limited Company from Conversion of ‘GANGA PLAST INDUSTRIES LLP’ into a Public Limited Company ‘GANGA PLAST INDUSTRIES LIMITED’.
• June 10, 2024: Acquisition of Business of Ganga Industries Unit by virtue of Business Transfer Agreement entered into, by and between ‘GANGA INDUSTRIES’ a Partnership firm registered under the provisions of The Partnership act 1932, and ‘GANGA PLAST INDUSTRIES LIMITED’.
• June 10, 2024: Acquisition of Business of Ganga Bathing Solution Unit by virtue of Business Transfer Agreement entered into, by and between ‘GANGA BATHING SOLUTION’ a Partnership firm registered under the provisions of The Partnership act 1932, and ‘GANGA PLAST INDUSTRIES LIMITED’.
• July 03, 2024: Name change of the company from ‘GANGA PLAST INDUSTRIES LIMITED’ to ‘GANGA BATH FITTINGS LIMITED’.