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Ganesha Ecosphere Ltd (GANECOS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 514167 NSE: GANECOS Textile - Manmade Fibres | Small Cap | Ganesha Ecosphere Share Price

₹1,008.15 -15.05 (-1.47%)

As on 02-Sep'26 16:59

Ganesha Ecosphere Ltd (GANECOS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 514167 NSE: GANECOS Textile - Manmade Fibres | Small Cap | Ganesha Ecosphere Share Price

₹1,008.15 -15.05 (-1.47%)

As on 02-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹2,701 Cr.
Current Price
₹1,008.2
52-Week Low / High
₹653 / 1,384
TTM EPS
₹20.1
TTM Sales
₹1,055 Cr.
Book Value per Share
₹489
P/E Ratio
50.10
Higher than its 5-year historical median
Industry PE
21.3
Price to Book (P/B)
2.06
Lower than its 5-year historical median
Price to Sales (P/S)
2.56
Higher than its 5-year historical median
EV/EBITDA
25.45
Higher than its 5-year historical median
Dividend Yield
0.35%
Profitability Efficiency
Return on Equity (ROE)
3.95%
Outperforms industry median
Return on Capital Employed (ROCE)
5.32%
Underperforms industry median
Return on Assets (ROA)
3.26%
Operating Profit Margin
5.9%
Net Profit Margin
4.72%
Gross Profit Margin
8.9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
3.07%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-40.37%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-36.63%
Asset Quality
Promoter Holding
39.33%
Pledged shares (%) of Promoter's holding (%)
31.87%
Reserves
₹1,283 Cr.
Equity
₹26.8 Cr.
Face Value
₹10
All Time Low / High
₹1.05 / 2480.00

Ganesha Ecosphere stock performance

Key Ratios
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Check Before You Invest

Valuation

Overvalued

Price Trend

Weak
Q.1 Is Ganesha Ecosphere Ltd a good quality company?
Ganesha Ecosphere Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Ganesha Ecosphere Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Ganesha Ecosphere Ltd vs industry peers?
Ganesha Ecosphere Ltd revenue CAGR is 2.05%, compared to the industry median CAGR of 2.21%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Ganesha Ecosphere Ltd?
Promoters hold 39.33% of the Ganesha Ecosphere Ltd, with 31.87% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Ganesha Ecosphere Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 16.9% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Ganesha Ecosphere Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 17%16.6%21.9%16.7%11.2%14.7%14.8%10.4%8.9%5.3%-
Value Creation
Index
0.20.20.60.2-0.20.10.1-0.3-0.4NA-

Growth Parameters

Sales 6747531,0208897511,0221,1339759841,0141,055
Sales YoY Gr.-11.7%35.4%-12.9%-15.5%36.1%10.8%-13.9%0.9%3.1%-
Adj EPS 1518.629.628.820.331.333.424.329.618.220.1
YoY Gr.-24.2%58.8%-2.4%-29.7%54.3%6.8%-27.3%21.8%-38.4%-
BVPS (₹) 120137.1191.9218.8237.7267.6299.3414.8441.2483.8489
Adj Net
Profit
28.735.764.56344.368.37361.775.448.954
Cash Flow from Ops. 56.726.78380.236.375.710285.529.562.8-
Debt/CF from Ops. 2.47.41.31.13.51.81.503.61.9-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 4.6%6.2%-3.6%3.1%
Adj EPS 2.2%-2.1%-18.3%-38.4%
BVPS16.8%15.3%17.4%9.7%
Share Price 16.7% 14.4% -1.4% -26%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
13.414.518.9148.912.411.87.16.744.1
Op. Profit
Mgn %
11.811.51312.711.311.51110.29.75.96.8
Net Profit
Mgn %
4.34.76.37.15.96.76.46.37.74.85.1
Debt to
Equity
0.60.80.30.20.20.20.200.10.1-
Working Cap
Days
86978610714413014220623418789
Cash Conv.
Cycle
54636081108857793999354

Valuation of Ganesha Ecosphere - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.0018.7429.7931.8731.87
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales6747531,0208897511,0221,1339759841,014
Operating Expenses + 5956678937776669051,009876888957
Manufacturing Costs10011213712498123131122116118
Material Costs424477653546476657742636646710
Employee Cost 43455060485866626874
Other Costs 28335347456771565854
Operating Profit 7986127112851171241009657
Operating Profit Margin (%) 11.8%11.4%12.5%12.6%11.3%11.5%10.9%10.2%9.7%5.6%
Other Income + 2367111116263340
Exceptional Items 0000000000
Interest 1515108910141557
Depreciation 21202628272827272425
Profit Before Tax 465497836091998410064
Tax 16193520142126212517
Profit After Tax 30356264457073627548
PAT Margin (%) 4.4%4.7%6.1%7.2%6.0%6.8%6.5%6.4%7.7%4.7%
Adjusted EPS (₹)15.618.428.429.320.731.933.624.729.717.9
Dividend Payout Ratio (%)7.70%8.20%7.10%6.80%9.70%6.30%6%12.20%15.20%19.60%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 2302634194785195846531,0521,1231,296
Share Capital 19192222222222252527
Reserves 2112443974564975626321,0261,0981,270
Debt +9918296841201301493105119
Long Term Debt37836052322617211
Short Term Debt63993631881041320105118
Minority Interest0000000000
Trade Payables34532834356265515561
Others Liabilities 6760697074828010410572
Total Liabilities 4305586126667498599471,2101,3891,549

Fixed Assets

Net Fixed Assets +239316312291285266259249237239
Gross Block357450461466486484504518529546
Accumulated Depreciation118134148175201218245268291306
CWIP 10302116100130
Investments 002893128174202184395795
Inventories92133130145173189221206233168
Trade Receivables5679889710611692103108133
Cash Equivalents 115235413144111108
Others Assets 2223303343105160322292105
Total Assets 4305586126667498599471,2101,3891,549
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 572783803676102862963
PBT 465497836091998410064
Adjustment 3332382824242416-2-3
Changes in Working Capital -13-48-31-7-34-1623-4422
Tax Paid -9-12-22-25-13-23-23-17-25-20
Cash Flow From Investing Activity + -24-74-64-72-59-76-102-253-57-166
Capex -25-79-26-12-30-14-19-8-24-15
Net Investments 05-39-4317614-79917
Others 001-17-46-68-98-166-125-158
Cash Flow From Financing Activity + -3146-5-2323-1120597102
Net Proceeds from Shares 0010000003409104
Net Proceeds from Borrowing -3226-26-8-19-4-10-23-0-2
Interest Paid -14-12-9-6-7-9-12-14-4-6
Dividend Paid -2-2-3-4-4-4-4-4-11-8
Others 1835-67-5541628-9410414
Net Cash Flow 2-114-151-213870-2
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)13.8614.2918.1714.259.0712.6111.857.336.943.95
ROCE (%)17.0216.621.9116.7111.2414.6914.7810.398.895.32
Asset Turnover Ratio1.631.541.751.391.061.271.260.910.760.69
PAT to CFO Conversion(x)1.90.771.341.250.81.091.41.390.391.31
Working Capital Days
Receivable Days28.1032.4029.8038.1049.2039.6033.5036.5039.2043.30
Inventory Days4354.2046.9056.207764.506679.8081.4072.20
Payable Days2433.4022.6020.7026.6027.1031.2033.2030.1029.90

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Ganesha Ecosphere Ltd FAQs

The current trading price of Ganesha Ecosphere on 02-Sep-2026 16:59 is ₹1,008.2.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Sep-2026 the market cap of Ganesha Ecosphere stood at ₹2,701.4 Cr

The latest P/E ratio of Ganesha Ecosphere as of 01-Sep-2026 is 50.10.

The latest P/B ratio of Ganesha Ecosphere as of 01-Sep-2026 is 2.06.

The 52-week high of Ganesha Ecosphere is ₹1,384.4 and the 52-week low is ₹653.2.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ganesha Ecosphere is ₹1,055 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Ganesha Ecosphere Ltd is a good quality company.

The key valuation ratios of Ganesha Ecosphere Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ganesha Ecosphere Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Ganesha Ecosphere Ltd

Ganesh Polytex was incorporated in the year 1988. It is a diversified and multi product company. It started its commercial production in August 1989, with the setting up of a textile complex at Village Raipur- Rania, Distt. Kanpur Dehat (UP)

Ganesh Polytex Limited is a manufacturer of Polyester Staple Fibre and Textured / Twisted Grey and Dyed Yarn.

Recycled Polyster Staple Fibre is a highly versatile end use product and is also a cost effective substitute for cotton and foam. Newer applications are being invented everyday and the demand is growing exponentially. Present applications are in: - Carpet manufacturing, Blending with woolen yarn, Open and spinning, Cigratte and industrial filters, Toys and bed stuffing, Non-woven filling like pillows, quilts, mattresses, furniture,automobile upholstery and fur fabric and paper industry (Short cut fibre of 3-4 mm length). The fibre manufactured from Polyster Waste is coarse denier fibre and ranges from 3-30 Denier as against the virgin Polyster Staple Fibre which ranges from 1-3 denier.It can be used in spinning for blending to give special effect to fabric or for making coarse yarn for Durry, Niwar, Tarpauline etc. Polyproplene Fibre is produced from Vergin PP Chips only in the range of 6-15 Denier.

Dyed Texturised/Twisted Yarn finds its applications in weaving of fabric, sarees, suiting, shirting, dress material and other fabrics in powerloom sector. The main raw material is Partially Oriented yarn (POY) which has to be textured before finding its application in fabric. Texturised yarn is having the qualities like better air permeability, soft feel, crease recovery and fall. It is also cheaper than cotton and other synthetic yarn making it more widely acceptable product. It produces dyed yarn in different colours and shades as per the requirement of market and customers. Dyed yarn adds more value than grey yarn and therefore company caters to dyed yarn segment only. It offers more than 400 shades/colours in different varieties of textured yarn.

Main markets of the company includes: North America, South America, Western Europe, Eastern Europe, Eastern Asia, Southeast Asia, Mid East, Africa and Oceania

Product range of the company includes:

  • Recycled Polyster Staple Fibre
  • Dyed Texturised/Twisted Yarn
  • Grey Texturised/Twisted Yarn

Awards

2010 - ICAI awards 'Silver Shield' for excellence in Financial Reporting.
2011 - Company has changed its name from Ganesh Polytex Ltd. to Ganesha Ecosphere Ltd.
CAI awards Ganesh Polytex for financial transparency.
Won “Business Today- Yes Bank Star SME Award” in overall medium Category for the year 2011.

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