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Ganges Securities Ltd.
(GANGESSECU)
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Rating:63Neutral
Price Target:
₹129.00
▼(-1.64% Downside)
Action:Downgraded
Date:08/18/26
The score is primarily supported by a very conservative balance sheet and generally solid cash generation, which lowers financial risk. Offsetting this are inconsistent revenue/earnings performance after FY2023 and an expensive valuation (high P/E), while technical indicators are largely neutral with only mild near-term momentum.
Positive Factors
Minimal Debt
A near debt-free capital structure limits interest and refinancing risk, preserves flexibility during weaker trading periods, and gives the company resilience to invest or absorb volatility without relying heavily on creditors.
Negative Factors
Revenue Volatility
The sharp changes in annual revenue indicate inconsistent demand, execution, or product mix. This variability reduces visibility into the growth outlook and makes it harder to plan capacity, investment, and sustainable margin expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Minimal Debt
A near debt-free capital structure limits interest and refinancing risk, preserves flexibility during weaker trading periods, and gives the company resilience to invest or absorb volatility without relying heavily on creditors.
Read all positive factors
Ganges Securities Ltd. (GANGESSECU) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.23B
Dividend YieldN/A
Average Volume (3M)376.00
Price to Earnings (P/E)41.1
Beta (1Y)0.97
Revenue Growth2.29%
EPS Growth-48.29%
CountryIN
Employees2
SectorGeneral
Sector StrengthN/A
IndustryInvestment - Banking & Investment Services
Share Statistics
EPS (TTM)2.89
Shares Outstanding10,003,687
10 Day Avg. Volume172
30 Day Avg. Volume376
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 is primarily engaged in the business of holding investments and operating tea plantations. The company's main objective is to invest and deal in securities, mainly of group companies, and in immovable properties. It also ...
How the Company Makes Money
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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 | 374.57M | 361.09M | 379.83M | 348.21M | 412.35M | 342.77M |
| Gross Profit | 164.45M | 102.68M | 357.01M | 333.25M | 389.02M | 137.61M |
| EBITDA | 45.43M | 54.34M | 67.27M | 67.07M | 135.71M | 99.60M |
| Net Income | 28.81M | 26.90M | 50.62M | 34.79M | 97.47M | 79.95M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 5.81B | 7.32B | 5.70B | 4.57B | 6.41B |
| Cash, Cash Equivalents and Short-Term Investments | 263.51M | 56.48M | 347.98M | 402.71M | 345.66M | 281.50M |
| Total Debt | 0.00 | 736.00K | 999.00K | 1.24M | 153.00K | 26.74M |
| Total Liabilities | -5.40B | 409.34M | 562.13M | 250.56M | 61.34M | 169.87M |
| Stockholders Equity | 5.40B | 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
Positive
131.15
Price Trends
118.87
Positive
122.45
Positive
126.54
Negative
Market Momentum
-0.18
Positive
56.20
Neutral
48.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GANGESSECU, the sentiment is Positive. The current price of 131.15 is above the 20-day moving average (MA) of 119.88, above the 50-day MA of 118.87, and above the 200-day MA of 126.54, indicating a neutral trend. The MACD of -0.18 indicates Positive momentum. The RSI at 56.20 is Neutral, neither overbought nor oversold. The STOCH value of 48.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:GANGESSECU.
Ganges Securities Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹104.44B | 8.09 | ― | 1.40% | 6.63% | 13.07% | |
64 Neutral | ₹10.05B | 5.24 | ― | 1.74% | -23.39% | 33.38% | |
64 Neutral | ₹9.12B | 14.61 | ― | 0.00% | ― | ― | |
63 Neutral | ₹1.23B | 41.08 | ― | ― | 2.29% | -48.29% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹900.28M | 5.60 | ― | ― | -35.60% | ― | |
50 Neutral | ₹2.79B | 8.69 | ― | 0.67% | 53.28% | 348.44% |
* General Sector Average
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Ganges Securities Ltd. Corporate Events
Ganges Securities shareholders clear all resolutions at fully virtual AGM
Aug 11, 2026
Ganges Securities Ltd. held its 12th Annual General Meeting on 11 August 2026 via two-way video conferencing and other audio-visual means, in line with MCA and SEBI guidelines for virtual meetings. The session, chaired by director Brij Mohan Agarw...
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.