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Swing Capital

Ganesha Ecosphere Ltd

NSE: GANECOS BSE: 514167Textile

Ganesha Ecosphere Ltd is a leading PET Waste Recycling company in India and is engaged in the manufacturing of Recycled Polyester Staple Fibre (RPSF), Spun yarn and dyed texturised yarn in India.[1]

₹1,029
52W: ₹653 — ₹1720
PE 59.8 · Book ₹477 · +116% vs book
Market Cap₹2,757 Cr
Stock P/E59.8Price to Earnings
ROCE8.91%Return on Capital
ROE6.72%Return on Equity
Div. Yield0.44%Face Value ₹10

Strengths

  • +Company is almost debt free.

Weaknesses

  • −The company has delivered a poor sales growth of 2.05% over past five years.
  • −Company has a low return on equity of 8.03% over last 3 years.
  • −Promoters have pledged 31.9% of their holding.
  • −Earnings include an other income of Rs.37.1 Cr.
  • −Dividend payout has been low at 11.1% of profits over last 3 years

Shareholding Pattern

Promoters39.33%
FIIs8.89%
DIIs19.42%
Public32.15%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters36.44%35.86%▼0.635.86%36.14%▲0.336.14%39.33%▲3.239.33%39.33%
FIIs9.79%10.26%▲0.512.14%▲1.910.36%▼1.89.19%▼1.28.79%▼0.47.2%▼1.68.89%▲1.7
DIIs21.62%22.67%▲1.121.92%▼0.822.16%▲0.222.89%▲0.722.89%21.88%▼1.019.42%▼2.5
Public31.99%31.04%▼0.929.9%▼1.131.2%▲1.331.67%▲0.528.82%▼2.931.46%▲2.632.15%▲0.7

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales261246237244255268216221259273
Expenses237214209219229245196212251254
Operating Profit233128252723219819
OPM %9%13%12%10%10%9%10%4%3%7%
Net Profit132021212020158816
EPS ₹6.118.968.258.297.997.725.763.012.925.95

AI Insights

Revenue Trend

TTM revenue at ₹970Cr, down 1.4% YoY. OPM at 6%.

Debt Position

Borrowings at ₹98Cr. Debt-to-equity ratio: 0.08x. Healthy balance sheet.

Capex Cycle

CWIP at ₹16Cr (7% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 19.42% (+0.89pp change). FIIs: 8.89% (+7.14pp change). Promoters hold 39.33%.

Margin & Efficiency

ROCE declining from 14% (Mar 2014) to 9% (Mar 2025). Working capital days: 85.

Valuation

PE 59.8x with 8.91% ROCE. Price is 116% above book value of ₹477. Dividend yield: 0.44%.

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