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Ganesha Ecosphere Limited
(GANECOS)
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Rating:45Neutral
Price Target:
₹930.00
▲(9.21% Upside)
Action:Reiterated
Date:05/23/26
The score is held back primarily by weakened profitability and persistently negative free cash flow despite the FY2026 revenue rebound. Technicals are mixed with neutral momentum but price below key longer-term averages, and valuation is relatively expensive (high P/E with a low dividend yield).
Positive Factors
Sustainable business model
Ganesha’s core business converts post-consumer PET into recycled polyester staple fibre, aligning with durable demand for circular-economy inputs across textiles and home-furnishing. Structural sustainability trends support long-term volume growth and customer preference for recycled inputs.
Negative Factors
Sharp margin compression
Severe gross and net margin declines materially weaken the firm’s ability to generate sustainable earnings from higher revenue. Margin compression reduces internal cash generation, makes deleveraging harder, and suggests persistent cost or pricing pressure that can limit durable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustainable business model
Ganesha’s core business converts post-consumer PET into recycled polyester staple fibre, aligning with durable demand for circular-economy inputs across textiles and home-furnishing. Structural sustainability trends support long-term volume growth and customer preference for recycled inputs.
Read all positive factors
Ganesha Ecosphere Limited (GANECOS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹24.22B
Dividend Yield0.52%
Average Volume (3M)4.46K
Price to Earnings (P/E)62.4
Beta (1Y)0.33
Revenue Growth1.10%
EPS Growth-64.41%
CountryIN
Employees2,377
SectorBasic Materials
Sector Strength58
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)25.16
Shares Outstanding26,795,984
10 Day Avg. Volume8,226
30 Day Avg. Volume4,462
Financial Highlights & Ratios
PEG Ratio-0.91
Price to Book (P/B)1.76
Price to Sales (P/S)1.52
P/FCF Ratio-67.64
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)49.4
Revenue Forecast (FY)₹19.59B
Ganesha Ecosphere Limited Business Overview & Revenue Model
Company Description
Established in 1987 and headquartered in Kanpur, India, Ganesha Ecosphere Limited focuses primarily on the global manufacturing and sale of recycled polyester staple fiber. Beyond this core offering, the company also produces and supplies a variet...
How the Company Makes Money
The company primarily makes money by selling recycled polyester products—most notably recycled polyester staple fibre (RPSF)—manufactured from recycled PET inputs (e.g., used PET bottles and other PET waste). Revenue is generated through (1) sale ...
Ganesha Ecosphere Limited Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
66
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.43B | 14.82B | 14.66B | 11.23B | 11.80B | 10.15B |
| Gross Profit | 3.86B | 2.14B | 4.29B | 4.32B | 3.00B | 2.28B |
| EBITDA | 1.80B | 1.42B | 2.11B | 1.38B | 1.41B | 1.21B |
| Net Income | 637.15M | 382.13M | 1.03B | 405.72M | 694.60M | 619.69M |
Balance Sheet | ||||||
| Total Assets | 20.34B | 20.03B | 19.34B | 16.25B | 13.23B | 10.95B |
| Cash, Cash Equivalents and Short-Term Investments | 1.13B | 1.29B | 1.42B | 1.74B | 530.75M | 909.97M |
| Total Debt | 5.45B | 4.96B | 5.56B | 3.99B | 5.05B | 3.58B |
| Total Liabilities | 7.72B | 6.82B | 7.84B | 5.72B | 6.85B | 5.21B |
| Stockholders Equity | 12.62B | 12.76B | 11.51B | 10.52B | 6.38B | 5.74B |
Cash Flow | ||||||
| Free Cash Flow | -971.00M | -331.89M | -1.67B | -1.13B | -1.85B | -2.12B |
| Operating Cash Flow | 127.13M | 1.43B | 412.38M | 434.82M | 202.49M | 648.17M |
| Investing Cash Flow | -1.58B | -1.71B | -1.25B | -2.27B | -1.66B | -2.55B |
| Financing Cash Flow | 708.09M | 321.29M | 1.57B | 2.23B | 1.28B | 2.08B |
Ganesha Ecosphere Limited Technical Analysis
Negative
851.55
Price Trends
985.64
Negative
900.49
Negative
968.76
Negative
Market Momentum
-19.69
Positive
38.12
Neutral
12.81
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GANECOS, the sentiment is Negative. The current price of 851.55 is below the 20-day moving average (MA) of 917.88, below the 50-day MA of 985.64, and below the 200-day MA of 968.76, indicating a bearish trend. The MACD of -19.69 indicates Positive momentum. The RSI at 38.12 is Neutral, neither overbought nor oversold. The STOCH value of 12.81 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GANECOS.
Ganesha Ecosphere Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹69.95B | 36.82 | ― | 0.24% | 14.38% | 11.08% | |
69 Neutral | ₹23.00B | 12.57 | ― | 0.49% | -2.15% | 36.80% | |
62 Neutral | ₹82.44B | 17.81 | ― | ― | 18.87% | 311.35% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | ₹27.36B | -10.79 | ― | 1.18% | -34.19% | -193.48% | |
56 Neutral | ₹29.87B | 66.45 | ― | 0.79% | 2.91% | -78.51% | |
45 Neutral | ₹24.22B | 62.38 | ― | 0.52% | 1.10% | -64.41% |
* Basic Materials Sector Average
IN:GANECOS
Ganesha Ecosphere Limited
903.70
-571.77
-38.75%
IN:FILATEX
Filatex India Ltd
51.79
-9.39
-15.35%
IN:JAYNECOIND
Jayaswal Neco Industries Limited
84.90
49.45
139.49%
IN:JINDALPOLY
Jindal Poly Films Limited
624.75
15.70
2.58%
IN:KINGFA
Kingfa Science & Technology (India) Limited
5,161.90
1,627.30
46.04%
IN:POLYPLEX
Polyplex Corporation Limited
951.55
-245.05
-20.48%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.