Want to see IN:GANECOS full AI Analyst Report?
Top Page
Ganesha Ecosphere Limited
(GANECOS)
Select Model
Select Model
Rating:48Neutral
Price Target:
₹951.00
▲(11.68% 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 revenue rebound
The sharp FY2026 top-line rebound indicates that the recycling and recycled-fiber platform can capture substantial demand when operating conditions improve. Higher sales volumes can strengthen customer relevance and provide a broader base over which processing capabilities and fixed costs are leveraged in coming quarters.
Negative Factors
Severe margin compression
The sharp decline in both gross and net margins shows that higher revenue is not translating proportionately into earnings. Persistent margin pressure would weaken the economics of growth, reduce resilience against input-cost changes, and limit the cash available for reinvestment and balance-sheet improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue rebound
The sharp FY2026 top-line rebound indicates that the recycling and recycled-fiber platform can capture substantial demand when operating conditions improve. Higher sales volumes can strengthen customer relevance and provide a broader base over which processing capabilities and fixed costs are leveraged in coming quarters.
Read all positive factors
Ganesha Ecosphere Limited (GANECOS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹26.79B
Dividend Yield0.36%
Average Volume (3M)2.65K
Price to Earnings (P/E)45.5
Beta (1Y)0.40
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. Volume1,821
30 Day Avg. Volume2,650
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 Technical Analysis
Negative
851.55
Price Trends
1043.12
Negative
1027.11
Negative
944.15
Positive
Market Momentum
-15.65
Positive
39.37
Neutral
27.66
Neutral
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 1004.53, below the 50-day MA of 1043.12, and below the 200-day MA of 944.15, indicating a neutral trend. The MACD of -15.65 indicates Positive momentum. The RSI at 39.37 is Neutral, neither overbought nor oversold. The STOCH value of 27.66 is Neutral, 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹33.09B | 15.73 | ― | 0.80% | 15.58% | 36.00% | |
61 Neutral | ₹49.49B | 25.52 | ― | 0.27% | 0.22% | 34.33% | |
61 Neutral | ₹25.11B | 14.26 | ― | 3.08% | -1.72% | 119.83% | |
61 Neutral | ₹155.34B | 17.70 | ― | 0.95% | 3.29% | -1.43% | |
56 Neutral | ₹113.69B | 27.99 | ― | 2.29% | -2.45% | -10.11% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | ₹26.79B | 45.52 | ― | 0.36% | 6.96% | -41.41% |
* General Sector Average
IN:GANECOS
Ganesha Ecosphere Limited
960.90
-265.83
-21.67%
IN:FILATEX
Filatex India Ltd
109.50
55.56
102.98%
IN:INDORAMA
Indo Rama Synthetics (India) Limited
87.95
28.74
48.54%
IN:MAYURUNIQ
Mayur Uniquoters Limited
748.40
260.84
53.50%
IN:TRIDENT
Trident Limited
21.85
-5.92
-21.33%
IN:VTL
Vardhman Textiles Limited
527.15
128.38
32.19%
Ganesha Ecosphere Limited Corporate Events
Ganesha Ecosphere Files Scrutinizer’s Report on E-Voting at 37th AGM
Sep 19, 2026
Ganesha Ecosphere Limited has reported on the conduct of remote e-voting and electronic voting during its Thirty-Seventh Annual General Meeting held on September 17, 2026 via video conferencing and other audio-visual means. The company submitted t...
Ganesha Ecosphere Shareholders Approve FY26 Accounts at 37th AGM
Sep 19, 2026
Ganesha Ecosphere Limited reported the voting outcomes of its 37th Annual General Meeting held on September 17, 2026, in Raipur (Rania), Kanpur Dehat, Uttar Pradesh. The company disclosed participation figures, including shareholders attending via...
Ganesha Ecosphere Publishes AGM, E-Voting and Physical Share Transfer Notices
Aug 27, 2026
Ganesha Ecosphere Limited has notified stock exchanges that it has published newspaper notices announcing its 37th Annual General Meeting, the dates for book closure and details of remote e-voting for shareholders, in compliance with SEBI listing ...
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.