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Ganga Papers India Ltd (531813)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531813 NSE: Paper & Paper Products | Small Cap | Ganga Papers India Share Price
₹93.53 0.00 (0.00%)
As on 06-Aug'26 16:59
Ganga Papers India Ltd (531813)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531813 NSE: Paper & Paper Products | Small Cap | Ganga Papers India Share Price
₹93.53 0.00 (0.00%)
As on 06-Aug'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹101 Cr.
Current Price
₹93.5
52-Week Low / High
₹62 / 105
TTM EPS
₹1.5
TTM Sales
₹280 Cr.
Book Value per Share
₹29.9
P/E Ratio
63.11
Higher than its 5-year historical median
Industry PE
16.8
Price to Book (P/B)
3.13
Lower than its 5-year historical median
Price to Sales (P/S)
0.36
Higher than its 5-year historical median
EV/EBITDA
18.13
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
5.20%
Outperforms industry median
Return on Capital Employed (ROCE)
6.45%
Underperforms industry median
Return on Assets (ROA)
1.83%
Operating Profit Margin
2.4%
Net Profit Margin
0.6%
Gross Profit Margin
1.7%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
4.97%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
-9.1%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
4.73%
Asset Quality
Promoter Holding
74.98%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹21 Cr.
Equity
₹10.8 Cr.
Face Value
₹10
All Time Low / High
₹1.80 / 191.26
Check Before You Invest
Quality
Somewhat GoodValuation
Somewhat UndervaluedCheck Valuation charts
Price Trend
Weak
Is Ganga Papers India Ltd a good quality company?
Ganga Papers India Ltd is a average quality company, based on a somewhat consistent 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 Ganga Papers India Ltd performance compare with that of its Peers?
Revenue growth of Ganga Papers India Ltd vs industry peers?
Ganga Papers India Ltd revenue CAGR is 13.04%, compared to the industry median CAGR of 6.89%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Ganga Papers India Ltd?
Promoters hold 74.98% of the Ganga Papers India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Ganga Papers India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 22.8% 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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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.
Ganga Papers India Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 9.9% | 9.8% | 8.2% | 11% | 10.8% | 14.5% | 15.9% | 10.5% | 6.9% | 6.5% | - |
| Value Creation Index ⓘ | -0.3 | -0.3 | -0.4 | -0.2 | -0.2 | 0.0 | 0.1 | -0.3 | -0.5 | -0.5 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 74.2 | 80.9 | 102 | 132 | 140 | 177 | 282 | 298 | 246 | 258 | 280 |
| Sales YoY Gr. | - | 9% | 25.7% | 30.2% | 5.5% | 26.5% | 59.8% | 5.6% | -17.6% | 5% | - |
| Adj EPS ⓘ | 1 | 1.6 | 1.5 | 1.2 | 1.4 | 3 | 5 | 3 | 1.4 | 1.4 | 1.5 |
| YoY Gr. | - | 64.3% | -9.3% | -15.8% | 17.1% | 104.9% | 68.1% | -39.1% | -54.6% | 5.1% | - |
| BVPS (₹) ⓘ | 7.6 | 9.2 | 10.6 | 12.1 | 13.8 | 17.6 | 22.6 | 25.6 | 27 | 28.4 | 29.9 |
| Adj Net Profit ⓘ | 1.1 | 1.7 | 1.6 | 1.3 | 1.6 | 3.2 | 5.4 | 3.3 | 1.5 | 1.6 | 2 |
| Cash Flow from Ops. ⓘ | 2 | 2.4 | 7.6 | 0.1 | 7.1 | 1.1 | 2 | -6.7 | 8.9 | 7.5 | - |
| Debt/CF from Ops. ⓘ | 9.7 | 10.2 | 4.2 | 567.3 | 5.2 | 35.7 | 21.1 | -6.6 | 4.2 | 4.7 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 14.8% | 13% | -3% | 5% | ||||
| Adj EPS ⓘ | 4.4% | 0% | -33.8% | 5.1% | ||||
| BVPSⓘ | 15.9% | 15.5% | 8% | 5.3% | ||||
| Share Price | 22.8% | 2.8% | 10.2% | -8.3% | ||||
Key Financial Parameters ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 13.9 | 19.3 | 14.8 | 10.9 | 11.1 | 18.8 | 24.7 | 12.5 | 5.2 | 5.2 | 5.1 |
| Op. Profit Mgn % ⓘ | 4.5 | 4.7 | 3.8 | 4.9 | 4.9 | 4.6 | 4.1 | 3.1 | 2.7 | 2.4 | 2.7 |
| Net Profit Mgn % ⓘ | 1.4 | 2.2 | 1.6 | 1 | 1.1 | 1.8 | 1.9 | 1.1 | 0.6 | 0.6 | 0.6 |
| Debt to Equity ⓘ | 2.4 | 2.4 | 2.8 | 2.8 | 2.5 | 2 | 1.7 | 1.6 | 1.3 | 1.2 | 0.1 |
| Working Cap Days ⓘ | 111 | 120 | 92 | 80 | 92 | 89 | 73 | 80 | 97 | 86 | 45 |
| Cash Conv. Cycle ⓘ | 60 | 63 | 45 | 38 | 43 | 38 | 34 | 47 | 67 | 62 | 7 |
Valuation of Ganga Papers India - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 74 | 81 | 102 | 132 | 140 | 177 | 282 | 298 | 245 | 258 |
| Operating Expenses ⓘ + | 71 | 77 | 98 | 126 | 133 | 169 | 271 | 289 | 239 | 252 |
| Operating Profit ⓘ | 3 | 4 | 4 | 6 | 7 | 8 | 12 | 9 | 7 | 6 |
| Operating Profit Margin (%) | 4.5% | 4.7% | 3.7% | 4.9% | 4.9% | 4.5% | 4.1% | 3.1% | 2.7% | 2.4% |
| Other Income ⓘ + | 0 | 0 | 0 | 1 | 1 | 2 | 0 | 0 | 0 | 0 |
| Interest ⓘ | 2 | 2 | 2 | 3 | 3 | 2 | 3 | 3 | 3 | 2 |
| Depreciation ⓘ | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit Before Tax ⓘ | 1 | 1 | 2 | 2 | 2 | 6 | 7 | 4 | 2 | 2 |
| Tax ⓘ | 0 | -0 | 0 | 0 | 0 | 1 | 2 | 1 | 1 | 0 |
| Profit After Tax | 1 | 2 | 1 | 2 | 2 | 4 | 5 | 3 | 1 | 2 |
| PAT Margin (%) | 1.4% | 2.2% | 1.5% | 1.2% | 1.3% | 2.3% | 1.9% | 1.1% | 0.6% | 0.6% |
| Adjusted EPS (₹) | 1.0 | 1.6 | 1.4 | 1.5 | 1.7 | 3.8 | 5.0 | 3.0 | 1.4 | 1.4 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 8 | 10 | 11 | 13 | 15 | 19 | 24 | 28 | 29 | 31 | |
| Debt + | 18 | 22 | 28 | 32 | 35 | 34 | 38 | 40 | 36 | 35 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 8 | 8 | 7 | 10 | 11 | 16 | 16 | 14 | 11 | 13 | |
| Others Liabilities ⓘ | 3 | 4 | 6 | 8 | 7 | 13 | 16 | 12 | 8 | 6 | |
| Total Liabilities ⓘ | 37 | 43 | 52 | 63 | 67 | 83 | 95 | 94 | 84 | 86 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 8 | 8 | 7 | 28 | 27 | 25 | 23 | 22 | 20 | 25 | |
| CWIP ⓘ | 3 | 7 | 22 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Investments ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Inventories | 14 | 14 | 10 | 10 | 11 | 4 | 14 | 23 | 19 | 17 | |
| Trade Receivables | 8 | 10 | 8 | 17 | 16 | 33 | 33 | 38 | 36 | 39 | |
| Cash Equivalents | 0 | 0 | 0 | 0 | 4 | 7 | 10 | 2 | 2 | 1 | |
| Others Assets ⓘ | 3 | 5 | 6 | 8 | 9 | 13 | 15 | 8 | 7 | 5 | |
| Total Assets ⓘ | 37 | 43 | 52 | 63 | 67 | 83 | 95 | 94 | 84 | 86 | |
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 2 | 2 | 8 | 0 | 7 | 1 | 2 | -7 | 9 | 8 |
| Cash Flow From Investing Activity ⓘ + | -0 | -5 | -14 | -2 | -1 | -0 | -0 | -0 | -0 | -7 |
| Cash Flow From Financing Activity ⓘ + | -5 | 3 | 7 | 2 | -2 | 0 | 0 | 1 | -10 | -3 |
| Net Cash Flow ⓘ | -3 | 0 | 0 | 0 | 4 | 1 | 2 | -6 | -1 | -3 |
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 13.9 | 19.31 | 14 | 13.46 | 13.36 | 24.38 | 24.68 | 12.51 | 5.21 | 5.2 |
| ROCE (%) | 9.87 | 9.76 | 8.24 | 11.02 | 10.77 | 14.49 | 15.91 | 10.49 | 6.93 | 6.45 |
| Asset Turnover Ratio | 2.15 | 2.06 | 2.14 | 2.29 | 2.14 | 2.35 | 3.18 | 3.16 | 2.76 | 3.04 |
| PAT to CFO Conversion(x) | 2 | 1 | 8 | 0 | 3.5 | 0.25 | 0.4 | -2.33 | 9 | 4 |
| Working Capital Days | ||||||||||
| Receivable Days | 32.50 | 38.40 | 31.20 | 34.70 | 43.90 | 51.40 | 42.70 | 43.20 | 55 | 53.10 |
| Inventory Days | 60.90 | 61.60 | 41.40 | 27.30 | 27.20 | 15.60 | 12 | 22.90 | 31.70 | 25.40 |
| Payable Days | 48.40 | 50.30 | 39.90 | 40.10 | 46.80 | 43.20 | 28.40 | 26.10 | 25.70 | 23.50 |
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Ganga Papers India Ltd FAQs
The current trading price of Ganga Papers India on 06-Aug-2026 16:59 is ₹93.53.
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 05-Aug-2026 the market cap of Ganga Papers India stood at ₹100.9 Cr
The latest P/E ratio of Ganga Papers India as of 05-Aug-2026 is 63.11.
The latest P/B ratio of Ganga Papers India as of 05-Aug-2026 is 3.13.
The 52-week high of Ganga Papers India is ₹104.9 and the 52-week low is ₹61.93.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ganga Papers India is ₹280 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Ganga Papers India Ltd is a average quality company.
The key valuation ratios of Ganga Papers India Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ganga Papers India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Ganga Papers India Ltd
Ganga Papers India was incorporated in March 1985 and is engaged in the manufacture of different types of kraft paper. It was incorporated as a private limited company and converted into a public limited company in December 1992. Earlier known as Kasat Paper & Pulp, it got its present name on January 15, 2007.
Special quality kraft paper, high grade kraft paper, newsprint, writing and printing paper, and duplex boards are manufactured at its unit located near Pune in Maharashtra with an installed capacity of 60 tonnes per day. The company has 49% stake in Unipack Containers and Carton Products, a joint venture in Dubai (UAE), for the manufacture of corrugated printed cartons, sheets and trays.
A sick industrial unit registered with the Board for Industrial & Financial Reconstruction (BIFR), the company is implementing all its obligations under a draft rehabilitation scheme approved by BIFR on October 31, 2006. As per the approved scheme, the new promoters provided funds and the plant, which was closed for four years was revived. One machine was stared in July 2006 and second in January 2007. Modernization is being implemented by installing various equipment like variable frequency drives to save power, complete automation for GSM devices and moisture control quality control systems, steam saving equipments, screening systems, and other upgrades.
In 2010 started Polymer distribution agency of Indian Oil Corporation Limited.
In 2012 acquired a Sponge Iron and Billet Plant at Chunar.
In 2013 Ganga Papers started setting up a 12 MW Power Plant at Chunar.
Business areas of the company:
Ganga Papers India manufactures kraft papers. It also offers newsprint, writing, and printing papers, as well as duplex boards. In addition, the company, through its joint venture, manufactures corrugated printed cartons, sheets, and trays. Ganga Papers India Limited, formerly known as Kasat Paper & Pulp Limited, was incorporated in 1985 and is based in Pune, India.
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