Ganges Securities Ltd. (GANGESSECU) AI Stock Analysis

• Market Cap: ₹1.11B
• Dividend Yield: N/A
• Average Volume (3M): 1.59K
• Price to Earnings (P/E): 23.1
• Beta (1Y): 1.06
• Revenue Growth: -3.92%
• EPS Growth: -77.96%
• Country: IN
• Employees: N/A
• Sector: Financial
• Sector Strength: 70
• Industry: Packaged Foods
• EPS (TTM): 1.46
• 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: ₹118.00 ▼(-10.03% Downside)
• Action: Reiterated Date: 10/31/25
• Date: Action: Reiterated 10/31/25

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

Low leverage and strong capital structure

Exceptionally low debt-to-equity and a strong equity ratio provide durable financial flexibility. With minimal leverage the company can better withstand macro shocks, fund strategic investments or absorb temporary earnings setbacks without stressing liquidity or covenant risk over the next several months.

Very high gross and healthy operating margins

Sustained gross margins above 90% and healthy EBIT/EBITDA margins indicate durable cost advantages or pricing power. This structural margin strength supports profitability through sales cycles, funds reinvestment, and helps absorb incremental SG&A pressures over a multi‑month horizon.

Improved operating cash flow and robust FCF conversion

Improving operating cash flow and a high free cash flow to net income ratio point to reliable cash conversion of profits. That strengthens the firm's ability to fund capex, reduce debt or pursue growth initiatives without dependence on external financing in the medium term.

Negative Factors

Declining revenue trend

A persistent negative revenue trend weakens the business base that supports margins and cash flow. Over several months this can indicate lost market share, reduced pricing leverage or weakening demand, constraining reinvestment and long‑term growth unless reversed.

Volatile free cash flow growth

Material volatility in free cash flow growth increases forecasting risk and undermines reliable funding for capex, dividends or acquisitions. Even with good FCF conversion now, swings make planning and capital allocation more difficult and raise the chance of funding shortfalls.

Falling net margin and steep EPS decline

Declining net margins combined with a very large EPS contraction signal margin pressure or non‑operating hits that materially reduce shareholder returns. Over months this erodes ROE, limits retained earnings for growth, and raises questions about sustainable profitability drivers.

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

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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	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	369.73M	379.83M	348.21M	412.35M	342.77M	350.61M
Gross Profit	366.26M	357.01M	333.25M	389.02M	137.61M	347.18M
EBITDA	23.32M	67.27M	67.07M	135.71M	99.60M	124.83M
Net Income	6.28M	50.62M	34.79M	97.47M	79.95M	97.94M
Balance Sheet
Total Assets	7.12B	7.32B	5.70B	4.57B	6.41B	3.46B
Cash, Cash Equivalents and Short-Term Investments	123.85M	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	529.15M	562.13M	250.56M	61.34M	169.87M	84.11M
Stockholders Equity	6.59B	6.76B	5.45B	4.51B	6.24B	3.38B
Cash Flow
Free Cash Flow	181.94M	197.87M	-61.11M	211.94M	152.44M	41.06M
Operating Cash Flow	189.46M	213.03M	-52.20M	231.28M	166.66M	51.07M
Investing Cash Flow	-132.00M	-191.02M	-8.53M	-212.95M	-222.58M	-25.44M
Financing Cash Flow	-2.00K	-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: Neutral

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 125.55, above the 50-day MA of 127.10, and below the 200-day MA of 149.60, indicating a bearish trend. The MACD of -2.43 indicates Positive momentum. The RSI at 46.76 is Neutral, neither overbought nor oversold. The STOCH value of 28.53 is Neutral, 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	₹1.43B	10.11	―	0.31%	-57.76%	-68.83%
STEELCITY	68 Neutral	₹1.22B	9.34	―	4.37%	-8.60%	-9.89%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
GANGESSECU	62 Neutral	₹1.11B	23.11	―	―	-3.92%	-77.96%
INVENTURE	46 Neutral	₹1.06B	9.72	―	―	-53.21%	-78.00%
TFL	43 Neutral	₹661.39M	-23.53	―	―	-29.62%	-308.12%
CAPTRUST	38 Underperform	₹530.54M	-3.45	―	―	-26.63%	-1320.85%