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Ganesha Ecosphere Limited
(GANECOS)
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Rating:48Neutral
Price Target:
₹1,071.00
▲(25.77% Upside)
Action:Reiterated
Date:08/23/26
The score is primarily held back by weakening profitability and consistently negative free cash flow despite strong FY2026 revenue growth and improved leverage. Technical signals are mixed with modest near-term softness, and the high P/E plus low dividend yield further pressure the overall rating.
Positive Factors
Strong FY2026 Revenue Rebound
The sharp top-line rebound indicates renewed demand and improved operating scale in recycled polyester products. If sustained, higher volumes can strengthen customer reach and absorb fixed manufacturing costs, supporting the company’s longer-term growth platform.
Negative Factors
Severe Margin Compression
The sharp fall in gross and net margins shows that revenue growth is not currently translating proportionately into profits. Persistent pressure from input costs, selling prices, or operating efficiency could limit earnings resilience and weaken the benefits of scale.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong FY2026 Revenue Rebound
The sharp top-line rebound indicates renewed demand and improved operating scale in recycled polyester products. If sustained, higher volumes can strengthen customer reach and absorb fixed manufacturing costs, supporting the company’s longer-term growth platform.
Read all positive factors
Ganesha Ecosphere Limited (GANECOS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹26.54B
Dividend Yield0.43%
Average Volume (3M)4.72K
Price to Earnings (P/E)49.3
Beta (1Y)0.25
Revenue Growth6.96%
EPS Growth-41.41%
CountryIN
Employees2,375
SectorGeneral
Sector StrengthN/A
IndustryManufacturing - Textiles
Share Statistics
EPS (TTM)21.12
Shares Outstanding26,795,984
10 Day Avg. Volume2,937
30 Day Avg. Volume4,717
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)40.93
Revenue Forecast (FY)₹18.42B
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
Ganesha Ecosphere makes money primarily by manufacturing and selling recycled polyester staple fiber (RPSF) and other recycled polyester fiber products to business customers. Its core revenue model is product sales: it procures PET waste (such as ...
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 | 15.68B | 14.82B | 14.66B | 11.23B | 11.80B | 10.15B |
| Gross Profit | 3.24B | 2.14B | 4.29B | 4.32B | 3.00B | 2.28B |
| EBITDA | 1.78B | 1.59B | 2.11B | 1.38B | 1.41B | 1.21B |
| Net Income | 564.95M | 382.13M | 1.03B | 405.72M | 694.60M | 619.69M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 20.03B | 19.34B | 16.25B | 13.23B | 10.95B |
| Cash, Cash Equivalents and Short-Term Investments | 1.29B | 1.29B | 1.42B | 1.74B | 530.75M | 909.97M |
| Total Debt | 0.00 | 4.96B | 5.56B | 3.99B | 5.05B | 3.58B |
| Total Liabilities | -12.76B | 7.28B | 7.84B | 5.72B | 6.85B | 5.21B |
| Stockholders Equity | 12.76B | 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 Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | ₹30.94B | 15.53 | ― | 0.81% | 15.58% | 36.00% | |
62 Neutral | ₹34.01B | 17.78 | ― | 0.33% | 0.22% | 34.33% | |
62 Neutral | ₹19.18B | 12.13 | ― | 3.08% | -1.72% | 119.83% | |
61 Neutral | ₹170.89B | 19.62 | ― | 0.85% | 3.29% | -1.43% | |
56 Neutral | ₹122.15B | 30.59 | ― | 2.09% | -2.45% | -10.11% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | ₹26.54B | 49.26 | ― | 0.43% | 6.96% | -41.41% |
* General Sector Average
IN:GANECOS
Ganesha Ecosphere Limited
1,040.85
-282.98
-21.38%
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44.08%
IN:MAYURUNIQ
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42.35%
IN:TRIDENT
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23.88
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-13.31%
IN:VTL
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583.75
182.07
45.33%
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.