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Ganon Products Ltd (512443)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 512443 NSE: Trading | Small Cap | Ganon Products Share Price

₹14.51 -0.47 (-3.14%)

As on 18-Jun'26 16:59

Ganon Products Ltd (512443)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 512443 NSE: Trading | Small Cap | Ganon Products Share Price

₹14.51 -0.47 (-3.14%)

As on 18-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹14 Cr.
Current Price
₹14.5
52-Week Low / High
₹10 / 17
TTM EPS
₹0.6
TTM Sales
₹6.7 Cr.
Book Value per Share
₹12.4
P/E Ratio
26.73
Lower than its 5-year historical median
Industry PE
36.2
Price to Book (P/B)
1.21
Higher than its 5-year historical median
Price to Sales (P/S)
2.08
Higher than its 5-year historical median
EV/EBITDA
12.04
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
0.40%
Underperforms industry median
Return on Capital Employed (ROCE)
8.74%
Outperforms industry median
Return on Assets (ROA)
0.15%
Operating Profit Margin
-5.3%
Net Profit Margin
0.26%
Gross Profit Margin
0.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
-38.82%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-69.23%
Asset Quality
Promoter Holding
12.20%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹2 Cr.
Equity
₹9.3 Cr.
Face Value
₹10
All Time Low / High
₹1.61 / 18.00

Ganon Products stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Ganon Products Ltd a good quality company?
Ganon Products Ltd is a quality company, based on a 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 Ganon Products Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Ganon Products Ltd vs industry peers?
Ganon Products Ltd revenue CAGR is 343.04%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Ganon Products Ltd?
Promoters hold 12.20% of the Ganon Products Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Ganon Products Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 15.9% 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.
Ganon Products Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 0.7%0.6%0.8%21.6%2.3%4.5%4.1%4.8%6.4%8.7%-
Value Creation
Index
-1.0-1.0-1.00.6-0.8-0.7-0.7-0.7-0.5-0.4-

Growth Parameters

Sales 35.61.9340.300012.727.917.17
Sales YoY Gr.--94.8%1,738.4%-99.3%-96%-100%NANA119%-38.8%-
Adj EPS 0.10.10.12.70.20.1000.10.10.6
YoY Gr.-0%20%4433.3%-91.9%-68.2%-71.4%0%600%-64.3%-
BVPS (₹) 11.211.211.31411.511.611.611.611.811.812.4
Adj Net
Profit
000.12.50.20.1000.101
Cash Flow from Ops. 0.10-0.20.3-0.6-0.5-0.25.85.6-2.7-
Debt/CF from Ops. 0000000000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -7.8%343%NA-38.8%
Adj EPS 0%-25.7%35.7%-64.3%
BVPS0.6%0.6%0.7%0.5%
Share Price 16.5% 7.5% 4.1% 3.1%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
0.40.40.621.61.80.60.10.11.20.44.6
Op. Profit
Mgn %
0.23.40.211.7-2479.900-6.6-2.6-5.325.9
Net Profit
Mgn %
0.12.30.21009.71832000.10.50.37.8
Debt to
Equity
00000000001
Working Cap
Days
9038618934,5304,19,59600496324604882
Cash Conv.
Cycle
-41-9,381-18-34,075-1,85200-116-138-229554

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales35.591.8534.010.250.010012.7427.9017.07
Operating Expenses + 35.521.7833.930.220.300.500.5613.5828.6117.98
Manufacturing Costs0000000000
Material Costs35.261.6433.7500.060013.1927.9917.69
Employee Cost 0.070.060.050.110.050.250.250.110.080.05
Other Costs 0.190.080.130.110.180.250.310.280.550.24
Operating Profit 0.070.060.080.03-0.28-0.50-0.56-0.84-0.71-0.91
Operating Profit Margin (%) 0.2%3.4%0.2%11.7%-2,479.9%---6.6%-2.5%-5.3%
Other Income + 0002.520.550.9911.351.411.87
Exceptional Items 0000000000
Interest 00000.020.400.400.490.530.90
Depreciation 0000000000
Profit Before Tax 0.070.060.082.540.250.080.030.020.170.06
Tax 0.020.020.020.010.040.020.020.010.040.02
Profit After Tax 0.040.040.062.540.210.060.010.010.130.04
PAT Margin (%) 0.1%2.3%0.2%1,009.7%1,832.0%--0.1%0.5%0.3%
Adjusted EPS (₹)0.10.00.12.70.20.10.00.00.10.1
Dividend Payout Ratio (%)0%0%32.40%0%0%0%0%0%0%0%

Valuation of Ganon Products - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 10.4310.4810.5013.0310.7210.7810.8110.8310.9711.03
Share Capital 9.339.339.339.339.339.339.339.339.339.33
Reserves 1.101.151.173.701.391.451.481.501.641.69
Debt +0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Minority Interest0000000000
Trade Payables1.611.5834.652.400.840.830.837.8414.369.53
Others Liabilities 0.020.540.120.104.344.665.992.437.375.42
Total Liabilities 12.0712.5945.2715.5215.9016.2717.6321.1032.7025.98

Fixed Assets

Net Fixed Assets +0000000000
Gross Block0000000000
Accumulated Depreciation0000000000
CWIP 0000000000
Investments 9.1511.1411.141.991.991.991.991.991.990
Inventories1.6400.060.06000000
Trade Receivables0032.860.270.130.1300.190.610.79
Cash Equivalents 0.120.340.100.011.140.090.010.130.200.03
Others Assets 1.161.111.1113.1912.6414.0615.6418.7929.9025.16
Total Assets 12.0712.5945.2715.5215.9016.2717.6321.1032.7025.98

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 0.060-0.220.34-0.63-0.52-0.245.845.60-2.72
PBT 0.0700.072.540.250.080.030.020.170.06
Adjustment 000-2.520.53-0.59-0.60-0.88-0.88-0.97
Changes in Working Capital 0.040-0.270.32-1.3800.346.716.35-1.8
Tax Paid -0.050-0.02-0.01-0.04-0.02-0.01-0.01-0.04-0.02
Cash Flow From Investing Activity + 0.0100-0.43-2.48-0.43-0.59-1.80-9.748.80
Capex 0000000001.99
Net Investments 00011.67-2.5200000
Others 0.0100-12.100.03-0.43-0.59-1.80-9.746.81
Cash Flow From Financing Activity + -0.060-0.02-04.25-0.090.74-3.924.21-6.25
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00004.270.311.14-3.444.74-5.35
Interest Paid 000-0-0.02-0.40-0.40-0.47-0.53-0.90
Dividend Paid -0.050-0.020000000
Others -0.010-00000-0-0-0
Net Cash Flow 0.010-0.24-0.101.13-1.04-0.090.120.07-0.17

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)0.420.40.5521.571.760.580.140.141.170.4
ROCE (%)0.670.610.7621.642.274.514.054.756.418.74
Asset Turnover Ratio1.970.151.180.010000.661.040.58
PAT to CFO Conversion(x)1.50-3.670.13-3-8.67-2458443.08-68
Working Capital Days
Receivable Days00352.7006,303.30005.305.2015
Inventory Days16.7000.7093.80000000
Payable Days78.60354.60195.9009,12300119.90144.80246.50

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Ganon Products Ltd FAQs

The current trading price of Ganon Products on 18-Jun-2026 16:59 is ₹14.51.

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 17-Jun-2026 the market cap of Ganon Products stood at ₹13.98 Cr

The latest P/E ratio of Ganon Products as of 17-Jun-2026 is 26.73.

The latest P/B ratio of Ganon Products as of 17-Jun-2026 is 1.21.

The 52-week high of Ganon Products is ₹17.39 and the 52-week low is ₹10.33.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ganon Products is ₹6.72 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Ganon Products Ltd is a below average quality company.

The key valuation ratios of Ganon Products Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

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

About Ganon Products Ltd

Ganon Products Ltd. was incorporated as Ganon Trading & Finance Co. Limited on July 02, 1985 as a Public limited company under the Companies Act, 1956 vide Certificate of Registration No. 36708 of 1985 issued by the Registrar of Companies, Maharashtra, Mumbai. Further, the Company was issued a Certificate for Commencement of Business pursuant to section 149 (3) of the said Act on July 11, 1985 by the Registrar of Companies, Maharashtra, Mumbai. The Registered Office of the Company was situated at 401A, Natwar Chambers, 94, Nagindas Master Road, Fort, Mumbai as on the date of incorporation and at present it is situated at Unit No. 1207, B-Wing, One Bkc Building, Plot No. C-66, Bandra Kurla Copmlex, Mumbai - 400 051. On January 20, 1987, the Equity Shares of the Company were listed on Bombay Stock Exchange i.e. BSE Limited.

The Company has changed its name from Ganon Trading & Finance Co. Limited to Ganon Products Limited vide special resolution passed on February 15, 2018. Company has also received Fresh Certificate of Incorporation pursuant to Name Change from Registrar of Companies, Mumbai dated February 23, 2018.

Business area of the company

The company is mainly engaged in Trading Business of Commodities more specifically in Cotton, Fabrics, Steel, Metal, Coal etc domestically and internationally. The Company is exploring various options to improve margins of the Company, by having tight control on expenses & exploring various business activities.

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