Ganges Securities Ltd. (GANGESSECU) AI Stock Analysis

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Ganges Securities Ltd.

(NSE:GANGESSECU)

Select Model

Rating:45.5Neutral

Price Target:INR 106.00▼(-3.42% Downside)

Action:reiterated

Date:08/18/26

The overall score is heavily pressured by poor financial performance, marked by collapsing margins and inefficient asset use. A high P/E ratio further detracts from the stock's appeal given its weak fundamentals. Technicals are neutral, showing a short-term bounce but no clear reversal of the longer-term downtrend.

Positive Factors

Very conservative balance sheetMinimal-to-zero debt materially reduces solvency and refinancing risk, giving the company greater resilience through weaker operating periods. Its large equity base relative to assets further supports financial stability and preserves flexibility for future capital allocation.

Negative Factors

Volatile revenue and earningsThe sharp swings in revenue and the substantial decline from earlier earnings peaks reduce confidence in consistent profitability. This volatility makes future earnings power harder to assess and may constrain the company’s ability to plan investment or sustain returns across cycles.

Ganges Securities Ltd. (GANGESSECU) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 1.14B
Dividend Yield: ―
Average Volume (3M): 286
Price to Earnings (P/E): 38.8
Beta (1Y): 0.94
Revenue Growth: 2.84%
EPS Growth: 216.72%
Country: India
Employees: 2
Sector: General
Sector Strength: 55
Industry: Investment - Banking & Investment Services

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 ope...

How the Company Makes Money

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Ganges Securities Ltd. Financial Statement Overview

Summary

Financial health is weak. The income statement shows severe margin compression and a 72% drop in net income over five years. While the balance sheet has no debt, equity fell over 20% and return on equity is below 1%, indicating poor asset utilization. Cash flow is a relative bright spot but remains inconsistent.

Income Statement

15Very Negative

Balance Sheet

30Negative

Cash Flow

50Neutral

Financial statement breakdown
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	54.33M	67.27M	67.07M	135.71M	99.84M
Net Income	28.81M	26.90M	50.62M	34.79M	97.47M	79.95M
Balance Sheet
Total Assets	0	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	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	-2,000	-342.00K	-376.00K	-342.00K	-28.27M	-718.00K

Ganges Securities Ltd. Technical Analysis

Technical Analysis SentimentPositive

Last Price109.75

Price Trends

50DMA114.73Positive

100DMA117.02Positive

200DMA120.12Negative

Market Momentum

MACD-0.64Negative

RSI55.79Neutral

STOCH35.88Neutral

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 109.75 is below the 20-day moving average (MA) of 113.06, below the 50-day MA of 114.73, and below the 200-day MA of 120.12, indicating a neutral trend. The MACD of -0.64 indicates Negative momentum. The RSI at 55.79 is Neutral, neither overbought nor oversold. The STOCH value of 35.88 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:GANGESSECU against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:DVL	64Neutral	INR 10.52B	3.47	―	1.62%	9.19%	363.62%
IN:BBTC	63Neutral	INR 91.59B	6.99	―	1.62%	9.61%	14.73%
IN:REGAAL	57Neutral	INR 9.71B	15.47	―	0.27%	―	―
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:GANGESSECU	46Neutral	INR 1.20B	38.76	―	―	2.84%	216.72%
IN:PALASHSECU	42Neutral	INR 764.54M	4.94	―	―	-35.60%	―
IN:COASTCORP	34Underperform	INR 2.49B	7.28	―	0.80%	53.28%	348.44%

* General Sector Average

Performance Comparison

IN:GANGESSECU and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:GANGESSECU	Ganges Securities Ltd.	109.75	-45.30	-29.22%
IN:BBTC	Bombay Burmah Trading Corp. Ltd.	1292.80	-531.52	-29.14%
IN:COASTCORP	Coastal Corporation Limited	35.12	-5.64	-13.83%
IN:DVL	Dhunseri Ventures Limited	307.95	7.57	2.52%
IN:PALASHSECU	Palash Securities Ltd.	76.43	-38.57	-33.54%
IN:REGAAL	Regaal Resources Limited	93.73	3.93	4.38%

Ganges Securities Ltd. Corporate Events

Ganges Securities Closes Trading Window Ahead of Quarterly Results

Sep 27, 2026

Ganges Securities Limited has announced that its trading window for dealing in the company’s shares will be closed from October 1, 2026 until 48 hours after the declaration of its financial results for the quarter ending September 30, 2026. This rest...

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.

Date of analysis: Aug 18, 2026

Ganges Securities Ltd. AI Stock Analysis