Ganga Papers India Ltd (GANGAPA)

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Ganga Papers India Ltd (GANGAPA) · mywealthgrid

About

Ganga Papers India Ltd operates in Paper & Paper Products within the Materials sector.

Face value: ₹10

Market cap

₹92 Cr

P/E

22.2×

P/B

2.8×

Dividend yield

ROE

5.1%

ROCE

15.1%

Debt / equity

1.37

OPM

2.7%

EPS (TTM)

₹3.8

Book value

₹29.9

52-week high

—

52-week low

—

1,441 historical price candles were omitted because the exchange source has not been verified.

₹85.10%1Y

Quick read

rule-based

Pros

+High promoter holding of 75% with no pledge

Cons

−Low return on equity of 5.2% (3-yr avg)
−Thin operating margin of 2.7%
−Profit declined 17.3% a year over the last 5 years
−Modest revenue growth of 9.7% a year over the last 5 years
−Weak interest coverage of 1.7×

Research score

Structured signal from quality, growth, valuation and momentum.

43/100

Business quality: 14
Growth: 50
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	74	81	102	132	140	177	275	292	242	253	280
COGS	-51	-58	-73	-83	-91	126	216	223	185	199	220
Gross profit	—	—	—	—	—	50	59	69	57	54	60
	122	136	171	209	224	43	55	66	54	53	53
	3	4	4	6	7	8	4	3	3	1	8
OPM %	4.3%	4.4%	4.1%	4.9%	4.9%	4.4%	1.4%	1%	1.2%	0.5%	2.7%
Depreciation	1	1	1	2	2	2	2	2	2	2	2
Interest	2	2	2	3	3	2	2	2	3	2	3
	0	0	0	1	1	2	8	6	4	5	0
Profit before tax	1	1	2	2	2	6	7	4	2	2	2
Tax	—	—	—	—	—	1	2	1	1	1	1
Tax %	—	—	—	—	—	25.5%	25.7%	26.8%	26.4%	24.4%	29.2%
	1	2	1	2	2	4	5	3	1	2	2
PAT margin %	1.4%	2.2%	1.5%	1.2%	1.3%	2.3%	2%	1.1%	0.6%	0.6%	0.6%
EPS (₹)	1	1.6	1.4	1.5	1.7	3.8	5	3	1.4	1.4	1.7
EPS adjusted (₹)	—	—	—	—	1.7	3.8	5	3	1.4	1.4	1.5
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	11	11	11	11	11	11	11
Reserves	—	8	14	17	18	20	21
	—	34	41	44	37	35	44
	21	29	29	22	17	20	24
Total equity & liabilities	32	83	95	94	84	86	100
	28	25	23	22	20	25	23
CWIP	—	0	0	0	0	0	—
Investments	—	0	0	0	0	0	0
	4	57	72	72	63	61	77
Total assets	32	83	95	94	84	86	100

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1	2	-7	9	10	-2
	-0	-0	-0	-0	-7	-0
	0	0	1	-10	-3	6
Net cash flow	1	2	-6	-1	-0	4
Free cash flow	1	2	-8	9	3	-10
CFO / Operating profit %	14.1%	52.1%	-227.5%	311.6%	885.1%	-25.4%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	28.6%	21.3%	23.7%	23.4%	21.3%	21.5%
EBITDA margin %	4.9%	4.9%	4.4%	1.4%	1%	1.2%	0.5%	2.7%
EBIT margin %	3.4%	3.4%	3.2%	0.6%	0.3%	0.3%	-0.4%	1.9%
PAT margin %	1.2%	1.3%	2.3%	2%	1.1%	0.6%	0.6%	0.6%
Working capital
Receivable days	—	—	69	43	47	54	56	54
Inventory days	—	—	13	24	38	38	30	40
Payable days	—	—	46	27	24	21	24	27
NWC days	—	—	36	40	62	72	62	68
Leverage
Current ratio	—	—	1.23	1.28	1.15	1.21	1.13	1.25
Debt to EBITDA	—	—	4.45	11.01	15.04	13.01	31.13	5.87
Debt to equity	—	—	1.81	1.7	1.61	1.27	1.16	1.37
Interest coverage	1.6	1.6	3.6	4.4	2.9	1.8	2.1	1.7
Asset turnover	—	4.41	2.14	2.9	3.11	2.89	2.95	2.79
Return ratios
Return on assets %	—	5.9%	5%	5.7%	3.5%	1.8%	1.8%	1.6%
Return on capital employed %	—	—	21%	24.7%	19.1%	14.3%	12.1%	15.1%
Return on equity %	—	—	21.7%	22%	11.8%	5.1%	5.1%	5%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0.25%	0.25%	0.25%	0.25%	0.25%	0.25%	0.25%	0.25%	0.25%	0.25%	0.25%	0.25%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	24.77%	24.77%	24.77%	24.77%	24.77%	24.77%	24.77%	24.77%	24.77%	24.77%	24.77%	24.77%
No. of shareholders	—	—	—	—	—	—	—	—	823	801	781	776

Promoter holding up 0 percentage points since Sep 2023.

2 deals · 19 Oct 2021 – 25 Oct 2021

Date	Client	Type	Venue	Side	Quantity	Price	Value
25 Oct 2021	PODDAR GLOBAL PRIVATE LIMITED	Bulk	BSE	Buy	65,000	₹81.15	₹0.53 Cr
19 Oct 2021	PODDAR GLOBAL PRIVATE LIMITED	Bulk	BSE	Buy	55,128	₹81.25	₹0.45 Cr

1–2 of 2

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Manish KumarNon-Executive - Non Independent Director-Chairperson
Mr. Ramesh Kumar ChaudharyNon-Executive - Non Independent Director
Mr. Sandeep KanoriaExecutive Director-MD
Mrs. Sadhana KanoriaNon-Executive - Non Independent Director
Mr. Amit KapoorNon-Executive - Independent Director
Mr. Shreyash AgrawalNon-Executive - Independent Director
Mr. Surya Prakash AgrawalNon-Executive - Independent Director
Mr. Amit ChaudharyChief Financial Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Ganga Papers India Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results8 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

51 announcementsExport CSV

29 Sept 2026, 6:19 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

28 Sept 2026, 1:18 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

28 Sept 2026, 1:13 pmCompany Update

Announcement under Regulation 30 (LODR)-Meeting Updates

Meeting Updates PDF

28 Sept 2026, 1:08 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

7 Sept 2026, 3:33 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

4 Sept 2026, 5:58 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

4 Sept 2026, 5:46 pmAGM/EGM

Notice Of 42Nd Annual General Meeting And Annual Report Of The Company For The Financial Year 2025-26

AGM PDF

4 Sept 2026, 5:40 pmAGM/EGM

Intimation Of 42Nd Annual General Meeting Scheduled To Be Held On September 28, 2026

AGM PDF

Date	Category	Subject	Filing
29 Sept 2026, 6:19 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
28 Sept 2026, 1:18 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	28.6%	21.3%	23.7%	23.4%	21.3%	21.5%
EBITDA margin %	4.9%	4.9%	4.4%	1.4%	1%	1.2%	0.5%	2.7%
EBIT margin %	3.4%	3.4%	3.2%	0.6%	0.3%	0.3%	-0.4%	1.9%
PAT margin %	1.2%	1.3%	2.3%	2%	1.1%	0.6%	0.6%	0.6%
Working capital
Receivable days	—	—	69	43	47	54	56	54
Inventory days	—	—	13	24	38	38	30	40
Payable days	—	—	46	27	24	21	24	27
NWC days	—	—	36	40	62	72	62	68
Leverage
Current ratio	—	—	1.23	1.28	1.15	1.21	1.13	1.25
Debt to EBITDA	—	—	4.45	11.01	15.04	13.01	31.13	5.87
Debt to equity	—	—	1.81	1.7	1.61	1.27	1.16	1.37
Interest coverage	1.6	1.6	3.6	4.4	2.9	1.8	2.1	1.7
Asset turnover	—	4.41	2.14	2.9	3.11	2.89	2.95	2.79
Return ratios
Return on assets %	—	5.9%	5%	5.7%	3.5%	1.8%	1.8%	1.6%
Return on capital employed %	—	—	21%	24.7%	19.1%	14.3%	12.1%	15.1%
Return on equity %	—	—	21.7%	22%	11.8%	5.1%	5.1%	5%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Jk Paper LimitedJKPAPERJKPAPER	₹6,937 Cr	₹9,373 Cr	₹7,365 Cr	₹968 Cr	13.1%	₹324 Cr	3.9%	7.4%	4.9%	69
West Coast Paper Mills LimitedWSTCSTPAPRWSTCSTPAPR	₹4,802 Cr	₹5,116 Cr	₹4,389 Cr	₹505 Cr	9.7%	₹237 Cr	3.6%	6%	4.4%	106
Seshasayee Paper And Boards LimitedSESHAPAPERSESHAPAPER	₹1,491 Cr	₹1,491 Cr	₹1,817 Cr	₹119 Cr	5.6%	₹99 Cr	4.8%	4.6%	4.1%	79
Andhra Paper LimitedANDHRAPAPANDHRAPAP	₹1,419 Cr	₹1,652 Cr	₹1,702 Cr	₹82 Cr	4%	₹28 Cr	1.1%	2%	1%	68
N R Agarwal Industries LimitedNRAILNRAIL	₹1,121 Cr	₹1,910 Cr	₹2,340 Cr	₹232 Cr	8.1%	₹62 Cr	2%	8.8%	5.5%	44
Tamil Nadu Newsprint & Papers LimitedTNPLTNPL	₹1,022 Cr	₹2,620 Cr	₹4,649 Cr	₹494 Cr	10.4%	₹261 Cr	5.3%	7%	11.3%	-31
Pudumjee Paper Products LimitedPDMJEPAPERPDMJEPAPER	₹907 Cr	₹930 Cr	₹814 Cr	₹125 Cr	15.3%	₹91 Cr	11.6%	17.8%	14.9%	91
Emami Paper Mills LimitedEMAMIPAPEMAMIPAP	₹707 Cr	₹1,524 Cr	₹2,008 Cr	₹241 Cr	10.3%	₹94 Cr	3.2%	14%	9.8%	107
Satia Industries LimitedSATIASATIA	₹683 Cr	₹982 Cr	₹1,443 Cr	₹119 Cr	9.1%	₹-8 Cr	2.8%	4.6%	3.8%	110
Kuantum Papers LimitedKUANTUMKUANTUM	₹670 Cr	₹1,530 Cr	₹1,174 Cr	₹162 Cr	14.8%	₹36 Cr	3.8%	5.4%	3.4%	77
Shree Rama Newsprint LimitedRAMANEWSRAMANEWS	₹433 Cr	₹810 Cr	₹33 Cr	₹-2 Cr	0.7%	₹-69 Cr	-209.4%	0.8%	—	-50
Orient Paper & Industries LimitedORIENTPPRORIENTPPR	₹344 Cr	₹631 Cr	₹895 Cr	₹-32 Cr	-4.2%	₹-71 Cr	-3.2%	-4.2%	-1.9%	32

Ganga Papers India Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

1

Announcements

Not in the F&O segment

No fund holdings on record

1

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Return on equity

Ganga Papers India Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Board meetings1

Announcements

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Board meetings1

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1