Ganges Securities Ltd. (IN:GANGESSECU)
:GANGESSECU
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Ganges Securities Ltd.
(GANGESSECU)
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Rating:72Outperform
Price Target:
₹150.00
▲(14.37% Upside)
Action:Upgraded
Date:05/18/26
Overall score is driven primarily by a very conservative balance sheet and mostly solid cash generation, supported by positive near-term technical momentum (above key short/mid-term moving averages and positive MACD). The main offsets are inconsistent revenue/earnings performance since FY2023 and a P/E of ~23 without dividend yield data to support valuation.
Positive Factors
Conservative Balance Sheet
The company’s minimal-to-zero debt and conservative financing materially reduce financial risk and enhance resilience through downturns. This balance-sheet strength provides durable flexibility to fund working capital or strategic actions internally, lowering default risk and supporting multimonth to multiquarter stability.
Negative Factors
Revenue & Earnings Volatility
The sharp swings in revenue and net income since FY2023 undermine predictability of cash flows and capital planning. Such variability may reflect demand shifts, product-mix issues or competitive pressures, limiting management’s ability to execute multi-quarter strategies and increasing execution risk for sustainable growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
The company’s minimal-to-zero debt and conservative financing materially reduce financial risk and enhance resilience through downturns. This balance-sheet strength provides durable flexibility to fund working capital or strategic actions internally, lowering default risk and supporting multimonth to multiquarter stability.
Read all positive factors
Ganges Securities Ltd. (GANGESSECU) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.25B
Dividend YieldN/A
Average Volume (3M)1.59K
Price to Earnings (P/E)―
Beta (1Y)1.03
Revenue Growth-4.93%
EPS Growth-52.56%
CountryIN
Employees2
SectorFinancial
Sector Strength70
IndustryPackaged Foods
Share Statistics
EPS (TTM)0.63
Shares Outstanding10,003,687
10 Day Avg. Volume1,262
30 Day Avg. Volume1,591
Financial Highlights & Ratios
PEG Ratio-0.83
Price to Book (P/B)0.19
Price to Sales (P/S)2.88
P/FCF Ratio5.08
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)N/A
Revenue Forecast (FY)N/A
Ganges Securities Ltd. Business Overview & Revenue Model
Company Description
Ganges Securities Limited, through its subsidiaries, engages in the tea and investment business primarily in India. The company is involved in tea manufacturing and processing activities; and invests and deals in securities and immovable propertie...
How the Company Makes Money
null...
Ganges Securities Ltd. Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
86
Very Positive
Cash Flow
71
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 369.73M | 361.09M | 379.83M | 348.21M | 412.35M | 342.77M |
| Gross Profit | 366.26M | 102.68M | 357.01M | 333.25M | 389.02M | 137.61M |
| EBITDA | 23.32M | 44.56M | 67.27M | 67.07M | 135.71M | 99.60M |
| Net Income | 6.28M | 26.90M | 50.62M | 34.79M | 97.47M | 79.95M |
Balance Sheet | ||||||
| Total Assets | 7.12B | 5.81B | 7.32B | 5.70B | 4.57B | 6.41B |
| Cash, Cash Equivalents and Short-Term Investments | 123.85M | 56.48M | 347.98M | 402.71M | 345.66M | 281.50M |
| Total Debt | 0.00 | 0.00 | 999.00K | 1.24M | 153.00K | 26.74M |
| Total Liabilities | 529.15M | 409.34M | 562.13M | 250.56M | 61.34M | 169.87M |
| Stockholders Equity | 6.59B | 5.40B | 6.76B | 5.45B | 4.51B | 6.24B |
Cash Flow | ||||||
| Free Cash Flow | 181.94M | 204.89M | 197.87M | -61.11M | 211.94M | 152.44M |
| Operating Cash Flow | 189.46M | 220.58M | 213.03M | -52.20M | 231.28M | 166.66M |
| Investing Cash Flow | -132.00M | -237.57M | -191.02M | -8.53M | -212.95M | -222.58M |
| Financing Cash Flow | -2.00K | -342.00K | -376.00K | -342.00K | -28.27M | -718.00K |
Ganges Securities Ltd. Technical Analysis
Negative
131.15
Price Trends
121.15
Positive
125.44
Negative
140.13
Negative
Market Momentum
1.39
Positive
48.04
Neutral
17.36
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GANGESSECU, the sentiment is Negative. The current price of 131.15 is above the 20-day moving average (MA) of 128.37, above the 50-day MA of 121.15, and below the 200-day MA of 140.13, indicating a neutral trend. The MACD of 1.39 indicates Positive momentum. The RSI at 48.04 is Neutral, neither overbought nor oversold. The STOCH value of 17.36 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GANGESSECU.
Ganges Securities Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹1.48B | 10.11 | ― | 0.31% | -38.02% | -68.25% | |
73 Outperform | ₹1.19B | 7.52 | ― | 4.37% | -4.58% | -15.75% | |
72 Outperform | ₹1.25B | -9.64 | ― | ― | -4.93% | -52.56% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
59 Neutral | ₹1.01B | 22.43 | ― | ― | -21.14% | 3.40% | |
45 Neutral | ₹631.63M | -13.74 | ― | ― | 3.50% | -29.29% | |
38 Underperform | ₹628.46M | -3.45 | ― | ― | -44.94% | -1852.69% |
* Financial Sector Average
IN:GANGESSECU
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Ganges Securities Ltd. Corporate Events
Ganges Securities Closes Insider Trading Window Ahead of Q4 Results
Mar 27, 2026
Ganges Securities Ltd. has announced that, under its code of conduct aligned with SEBI’s insider trading regulations, the trading window for dealing in its shares will be closed for designated persons and their immediate relatives from April...
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.