Ganges Securities Ltd. (GANGESSECU) AI Stock Analysis

• Market Cap: ₹1.17B
• Dividend Yield: N/A
• Average Volume (3M): 1.59K
• Price to Earnings (P/E): 93.4
• Beta (1Y): 1.11
• Revenue Growth: -3.92%
• EPS Growth: -77.96%
• Country: IN
• Employees: N/A
• Sector: Financial
• Sector Strength: 70
• Industry: Packaged Foods
• EPS (TTM): 2.90
• Shares Outstanding: 10,003,687
• 10 Day Avg. Volume: 1,262
• 30 Day Avg. Volume: 1,591
• PEG Ratio: 0.61
• Price to Book (P/B): 0.21
• Price to Sales (P/S): 3.72
• P/FCF Ratio: 7.13
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 62 Neutral
• Price Target: ₹124.00 ▼(-5.45% Downside)

Ganges Securities Ltd. shows strong financial stability with high profitability and low leverage, which are significant strengths. However, the stock's high P/E ratio and lack of dividend yield present valuation challenges. The technical indicators suggest a neutral market sentiment, neither strongly bullish nor bearish.

Positive Factors

Very high gross margins

Sustained gross margins above 90% indicate durable product or service economics and strong cost control, creating a wide structural buffer to absorb input cost swings and support long-term operating profitability and reinvestment capacity.

Extremely low leverage

Minimal leverage reduces financial risk and improves resilience in downturns, enabling the company to fund operations and strategic initiatives from equity and internal cash. This capital structure supports long-term financial flexibility and lower default risk.

Strong cash generation

Improving operating cash flow and a robust FCF-to-net-income ratio signal genuine cash conversion of profits, enabling funding for capex, debt reduction, or shareholder returns. Reliable cash generation underpins sustainable strategic investment.

Negative Factors

Negative revenue trend

Persistent revenue decline restricts scale economies, reduces absolute profit pool, and pressures long-term margin maintenance. Without reversal, slower top-line growth limits ability to fund growth initiatives and weakens competitive positioning over multiple quarters.

Declining net margins / modest ROE

Falling net margins alongside modest ROE suggest the business is generating limited returns on shareholder capital. Over time this can constrain reinvestment, make it harder to attract capital for expansion, and pressure long-term shareholder value creation.

Volatile free cash flow growth

Significant swings in FCF growth create uncertainty around funding predictability for capital expenditures, dividends, or debt service. Structural volatility in cash generation undermines planning reliability and raises the cost of financing strategic initiatives.

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 properties. It also engages in rental and leasing activities. Ganges Securities Limited was incorporated in 2015 and is headquartered in Kolkata, India.

How the Company Makes Money

Ganges Securities Ltd. generates revenue primarily through transaction fees and commissions from trading activities on behalf of clients. The company earns a significant portion of its income from brokerage fees charged for buying and selling securities. Additionally, GANGESSECU offers advisory services for which it charges consultancy fees, creating another revenue stream. The firm may also earn management fees from assets under management in its portfolio management services. Partnerships with financial institutions and access to proprietary trading platforms can enhance its service offerings and contribute to its earnings. Market-driven factors such as trading volumes and overall market conditions also play a crucial role in influencing the company's financial performance.

Ganges Securities Ltd. Financial Statement Overview

Summary

Ganges Securities Ltd. demonstrates strong profitability and operational efficiency, with high gross margins and low leverage. However, declining revenue growth and fluctuating cash flows present potential challenges. The company is financially stable with a strong equity base, but it needs to address growth and cash flow volatility to enhance its financial performance.

Income Statement

Ganges Securities Ltd. shows strong gross profit margins consistently above 90%, indicating effective cost management. However, the net profit margin has decreased over the years, and the revenue growth rate has been negative recently, suggesting challenges in expanding sales. The EBIT and EBITDA margins are healthy, reflecting operational efficiency.

Balance Sheet

The company maintains an exceptionally low debt-to-equity ratio, indicating minimal leverage and financial risk. Return on equity is modest, suggesting limited profitability relative to shareholder equity. The equity ratio is strong, highlighting a solid capital structure with a high proportion of equity financing.

Cash Flow

Operating cash flow has improved significantly, and the free cash flow to net income ratio is robust, indicating strong cash generation relative to profits. However, the free cash flow growth rate has been volatile, with significant fluctuations over the years, which could pose risks to cash flow stability.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	366.20M	379.83M	348.21M	412.35M	342.77M	350.61M
Gross Profit	408.24M	357.01M	333.25M	389.02M	137.61M	347.18M
EBITDA	64.56M	67.27M	67.07M	135.71M	99.60M	124.83M
Net Income	49.44M	50.62M	34.79M	97.47M	79.95M	97.94M
Balance Sheet
Total Assets	0.00	7.32B	5.70B	4.57B	6.41B	3.46B
Cash, Cash Equivalents and Short-Term Investments	347.98M	347.98M	402.71M	345.66M	281.50M	426.63M
Total Debt	0.00	999.00K	1.24M	153.00K	26.74M	25.17M
Total Liabilities	-6.76B	562.13M	250.56M	61.34M	169.87M	84.11M
Stockholders Equity	6.76B	6.76B	5.45B	4.51B	6.24B	3.38B
Cash Flow
Free Cash Flow	0.00	197.87M	-61.11M	211.94M	152.44M	41.06M
Operating Cash Flow	0.00	213.03M	-52.20M	231.28M	166.66M	51.07M
Investing Cash Flow	0.00	-191.02M	-8.53M	-212.95M	-222.58M	-25.44M
Financing Cash Flow	0.00	-376.00K	-342.00K	-28.27M	-718.00K	-382.00K

Ganges Securities Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 131.15
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: 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 128.03, below the 50-day MA of 138.15, and below the 200-day MA of 153.40, indicating a bearish trend. The MACD of -5.41 indicates Positive momentum. The RSI at 36.53 is Neutral, neither overbought nor oversold. The STOCH value of 5.15 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KEYFINSERV	75 Outperform	₹1.58B	16.46	―	0.31%	-57.76%	-68.83%
STEELCITY	68 Neutral	₹1.27B	9.19	―	4.37%	-8.60%	-9.89%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
GANGESSECU	62 Neutral	₹1.17B	93.36	―	―	-3.92%	-77.96%
INVENTURE	46 Neutral	₹1.16B	29.89	―	―	-53.21%	-78.00%
TFL	45 Neutral	₹782.09M	-14.03	―	―	-29.62%	-308.12%
CAPTRUST	38 Underperform	₹679.03M	-1.47	―	―	-26.63%	-1320.85%