Ganges Securities Limited (GANGESSECU)

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Ganges Securities Limited (GANGESSECU) · mywealthgrid

About

Ganges Securities Limited operates in Tea & Coffee within the Consumer Staples sector.

Face value: ₹10

Market cap

₹114 Cr

P/E

39.6×

P/B

0.2×

Dividend yield

ROE

0.4%

ROCE

—

Debt / equity

OPM

13%

EPS (TTM)

₹2.9

Book value

₹539.9

52-week high

—

52-week low

—

2,259 historical price candles were omitted because the exchange source has not been verified.

₹114.0+1.4%1Y

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 465×
+High promoter holding of 66.6% with no pledge

Cons

−Low return on equity of 0.7% (3-yr avg)
−Profit declined 22.8% a year over the last 5 years
−Modest revenue growth of 0.7% a year over the last 5 years

Research score

Structured signal from quality, growth, valuation and momentum.

48/100

Business quality: 57
Growth: 38
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

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Tata Consumer Products LimitedTATACONSUMTATACONSUM	₹94,705 Cr	₹96,825 Cr	₹20,860 Cr	₹2,909 Cr	13.8%	₹1,635 Cr	7.6%	8.6%	7.4%	10
Ccl Products (India) LimitedCCLCCL	₹14,106 Cr	₹15,396 Cr	₹4,602 Cr	₹767 Cr	16.4%	₹433 Cr	8.7%	21.7%	18%	166
Vintage Coffee And Beverages LimitedVINCOFEVINCOFE	₹2,607 Cr	₹2,731 Cr	₹612 Cr	₹113 Cr	18%	₹79 Cr	13.1%	19.7%	16.6%	178
Andrew Yule & Company LtdANDREWYUANDREWYU	₹1,222 Cr	₹1,327 Cr	₹310 Cr	₹-89 Cr	-28.9%	₹-47 Cr	-15.3%	-13.5%	-13.1%	-19
Goodricke Group LtdGOODRICKEGOODRICKE	₹471 Cr	₹483 Cr	₹929 Cr	₹19 Cr	2.4%	₹20 Cr	3.2%	4.2%	8.9%	-4
Mcleod Russel India LimitedMCLEODRUSSMCLEODRUSS	₹444 Cr	₹1,940 Cr	₹1,200 Cr	₹-4 Cr	-2.2%	₹-93 Cr	-10.7%	-13%	—	136
Jayshree Tea & Industries LimitedJAYSREETEAJAYSREETEA	₹242 Cr	₹649 Cr	₹946 Cr	₹24 Cr	2%	₹-22 Cr	-2.7%	1.9%	-6.1%	174
Gillanders Arbuthnot & Company LimitedGILLANDERSGILLANDERS	₹240 Cr	₹389 Cr	₹434 Cr	₹30 Cr	5.4%	₹17 Cr	2.2%	7.9%	3.8%	263
Neelamalai Agro Industries LimitedNEAGINEAGI	₹199 Cr	₹199 Cr	₹25 Cr	₹-4 Cr	-15.1%	₹39 Cr	154%	-0.2%	14.9%	432
Rossell India LimitedROSSELLINDROSSELLIND	₹189 Cr	₹383 Cr	₹372 Cr	₹38 Cr	10.4%	₹14 Cr	3.5%	9.8%	4.4%	474
Dhunseri Tea & Industries LimitedDTILDTIL	₹166 Cr	₹415 Cr	₹441 Cr	₹-11 Cr	-1.6%	₹-12 Cr	-0.5%	1.9%	-0.5%	147
Bengal Tea & Fabrics LtdBENGALTBENGALT	₹123 Cr	₹132 Cr	₹88 Cr	₹5 Cr	4.1%	₹3 Cr	8.6%	4.7%	2.3%	90

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Financials

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

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	32	35	36	41	35	38	36
COGS	0	-0	-0	0	-0	0	2
Gross profit	—	—	—	41	—	38	34
	22	23	26	29	30	31	30
	10	12	10	12	6	7	5
OPM %	29.6%	34.9%	27.1%	28.3%	16.2%	17.9%	13%
Depreciation	1	1	1	1	1	1	1
Interest	0	0	0	0	0	0	0
	0	0	0	2	1	-0	1
Profit before tax	9	12	9	13	6	6	5
Tax	2	2	1	3	2	1	2
Tax %	18%	16.3%	12%	23.1%	41.1%	10.8%	42%
	7	10	8	10	3	5	3
PAT margin %	22.2%	27.9%	22.4%	23.5%	9.9%	13.2%	7.4%
EPS (₹)	7.1	9.8	8	9.7	3.5	5.1	2.7
EPS adjusted (₹)	7.1	9.8	8	9.8	3.5	5.1	2.7
Annual report	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	Annual report for Mar 2026

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	0	12	12	10	10	10	10	10	10	10	10
Reserves	-0	75	84	428	198	328	614	441	535	666	530
Minority interest	—	—	—	—	0	—	0	0	—	0	0
	—	—	—	7	3	0	0	0	0	0	0
	0	15	10	5	6	8	17	6	25	56	41
Total equity & liabilities	0	101	105	450	217	346	641	457	570	732	581
	0	—	—	11	11	11	12	12	13	13	15
CWIP	0	1	1	1	1	1	1	2	1	1	1
Investments	—	—	—	380	135	257	555	383	493	667	536
	0	101	105	59	70	77	73	60	63	51	29
Total assets	0	101	105	450	217	346	641	457	570	732	581

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
TEA BUSINESS	28.6	-1.28	22.05	6.87	15.18	-8.43
INVESTING BUSINESS	7.51	6.04

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Ratios

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

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	98.9%	—	98.9%	94.2%
EBITDA margin %	29.6%	34.9%	27.1%	28.3%	16.2%	17.9%	13%
EBIT margin %	27.6%	32.9%	25%	26.6%	13.9%	15.2%	10.8%
PAT margin %	22.2%	27.9%	22.4%	23.5%	9.9%	13.2%	7.4%
Working capital
Receivable days	15	6	2	—	—	—	—
Inventory days	41	34	45	1,941	35	1,460	384
Payable days	15	10	6	—	—	—	—
NWC days	41	30	40	—	—	—	—
Leverage
Current ratio	—	12.93	18.54	—	—	—	—
Debt to EBITDA	0.27	0	0	0	0	0	0
Debt to equity	0.01	0	0	0	0	0	0
Interest coverage	55.4	147.4	46.4	75.5	592	670	465
Asset turnover	0.15	0.1	0.06	0.09	0.06	0.05	0.06
Return ratios
Return on assets %	3.3%	2.8%	1.2%	2.1%	0.6%	0.7%	0.5%
Return on capital employed %	—	3.5%	1.9%	—	—	—	—
Return on equity %	3.4%	2.9%	1.3%	2.2%	0.6%	0.7%	0.5%

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
	66.64%	66.64%	66.64%	66.64%	66.64%	66.64%	66.64%	66.64%	66.64%	66.64%	66.64%	66.64%
	0%	0%	0%	0%	0.01%	0.08%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%
	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	33.35%	33.35%	33.35%	33.35%	33.34%	33.27%	33.32%	33.32%	33.32%	33.32%	33.32%	33.32%
No. of shareholders	—	—	—	—	—	—	—	—	5,758	5,685	5,595	5,528

Promoter holding up 0 percentage points since Sep 2023.

4 deals · 28 Sept 2021 – 6 May 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
6 May 2024	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	52,285	₹171.59	₹0.90 Cr
6 May 2024	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	51,261	₹171.26	₹0.88 Cr
28 Sept 2021	MOHAN GUPTA	Bulk	NSE	Sell	87,653	₹91.02	₹0.80 Cr
28 Sept 2021	RONSON TRADERS LTD	Bulk	NSE	Buy	87,207	₹91.10	₹0.79 Cr

1–4 of 4

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.

Mrs. NANDINI NOPANYNon-Executive - Non Independent Director-Chairperson related to Promoter
Mrs. URVI MITTALExecutive Director-MD
Vikash GoyalChief Financial Officer
Mr. DHIRAJ RAMAKANT BANKANon-Executive - Independent Director
Mr. ARUN KUMAR NEWARNon-Executive - Independent Director
Mr. CHHEDI LAL AGARWALNon-Executive - Independent Director
Mr. BRIJ MOHAN AGARWALNon-Executive - Non Independent Director
Ms. Vijaya AgarwalaCompany Secretary & Compliance 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 Ganges Securities Limited. 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 results13 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

14 announcementsExport CSV

27 Sept 2026, 5:52 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

26 Aug 2026, 12:48 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

14 Aug 2026, 3:35 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

13 Aug 2026, 5:59 pmResult

Outcome Of Board Meeting Dated August 13, 2026

Financial Results PDF

13 Aug 2026, 5:16 pmCompany Update

Outcome Of Board Meeting Held On August 13, 2026

General PDF

13 Aug 2026, 5:13 pmBoard Meeting

Board Meeting Outcome for Outcome Of Board Meeting Held On August 13, 2026

Outcome of Board Meeting PDF

11 Aug 2026, 4:19 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

11 Aug 2026, 3:20 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

Date	Category	Subject	Filing
27 Sept 2026, 5:52 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
26 Aug 2026, 12:48 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	98.9%	—	98.9%	94.2%
EBITDA margin %	29.6%	34.9%	27.1%	28.3%	16.2%	17.9%	13%
EBIT margin %	27.6%	32.9%	25%	26.6%	13.9%	15.2%	10.8%
PAT margin %	22.2%	27.9%	22.4%	23.5%	9.9%	13.2%	7.4%
Working capital
Receivable days	15	6	2	—	—	—	—
Inventory days	41	34	45	1,941	35	1,460	384
Payable days	15	10	6	—	—	—	—
NWC days	41	30	40	—	—	—	—
Leverage
Current ratio	—	12.93	18.54	—	—	—	—
Debt to EBITDA	0.27	0	0	0	0	0	0
Debt to equity	0.01	0	0	0	0	0	0
Interest coverage	55.4	147.4	46.4	75.5	592	670	465
Asset turnover	0.15	0.1	0.06	0.09	0.06	0.05	0.06
Return ratios
Return on assets %	3.3%	2.8%	1.2%	2.1%	0.6%	0.7%	0.5%
Return on capital employed %	—	3.5%	1.9%	—	—	—	—
Return on equity %	3.4%	2.9%	1.3%	2.2%	0.6%	0.7%	0.5%

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-0	-14	3	6	11	5	17	3	-5	21	22
	0	5	7	-1	-1	-3	-22	-1	-1	-19	-24
	0	10	-6	-5	-0	-0	-0	-3	-0	-0	-0
Net cash flow	-0	2	4	0	9	3	-6	-1	-6	2	-2
Free cash flow	—	-15	3	5	10	4	15	1	-6	20	20
CFO / Operating profit %	—	—	—	—	111.2%	41.8%	172.6%	26.6%	-92.1%	311%	467.4%

Ganges Securities Limited

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

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

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

INVESTING BUSINESS · revenue

Ganges Securities Limited

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

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

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

INVESTING BUSINESS · revenue

1

1