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Prices as of 8 Oct 2026 close · Not investment advice

Ganges Securities Limited

NSE: GANGESSECUTea & Coffee

Share price

₹113.75

-0.18% close of 8 Oct 2026

Market cap ₹114 CrP/E 39.5

Business score

How strong the business is, in one number. The parts behind it are in Pro.

46

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹114 Cr

P/E ratio

39.5

P/B ratio

0.2

ROCE

0.8%

ROE

0.5%

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹162.1552-week low ₹104.15

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 2.3% over the past year, and 46.5% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from -5.3% to -14.6% over the last four years.

Whether it grew faster than its sector

It grew 46.5% a year against a sector median of 9.9% — 36.6 percentage points faster.

Room to re-rate, or risk of de-rating

At 39.5× earnings it costs 1.7× the market, which pays 23.9× across 2199 companies we can price. It is against its own five-year median of 26.9×, the 83rd percentile of its own range.

Whether growth justifies the valuation

Its earnings are falling, so growth cannot justify the price.

Profit growthPrice per ₹1 profitPer 1% growth
Ganges Securities Limited — this one-35%/yr39.5×—
Vintage Coffee And Beverages Limited165%/yr32.6×—
Andrew Yule & Company Limited———
Mcleod Russel India Limited30%/yr7.8×₹0.26
The Peria Karamalai Tea & Produce Company Limited-61%/yr——
Jayshree Tea & Industries Limited2%/yr——

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Tea & Coffee), it ranks 13 of 19 on returns, 1 of 18 on growth, 6 of 19 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 0.8% on capital, ahead of 32% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹78 crore of cash from the business, spent ₹7 crore on plant and equipment, and returned ₹3 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 11 years, about 130 arrived as cash (before interest, which is why it can exceed the profit). Its cash comes back faster than it used to: it went from being waiting 38.9 days for its cash to waiting 16.2 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

7 of 9 checks clear · 78%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 13 Aug 2026 · Consolidated · Unaudited

Revenue

₹8 Cr

Revenue vs last year

+22.1%

Revenue vs last quarter

+158.9%

Net profit

₹1 Cr

Profit vs last year

+18.7%

Net margin

15.7%

EPS

₹1.22

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹114 Cr
Prev close
₹113.75
52w High
₹178
52w Low
₹103
Enterprise value
₹108 Cr
Beta
1.1
Price CAGR 1y
-25.0%
Price CAGR 3y
0.0%
Price CAGR 5y
4.0%
Price CAGR 10y
—

Ratios

Return on assets
0.5%
PEG ratio
-1.1
P/E ratio
39.5
P/B ratio
0.2
EV / EBITDA
22.7
Industry P/E
14.5
ROCE
0.8%
ROCE 5y average
1.5%
ROE
0.5%
Debt / Equity
0.0
Interest coverage
464.0
Dividend yield
0.0%
ROE 3y average
1.0%
ROE last year
0.0%

Annual P&L

Annual revenue
₹37 Cr
Annual profit
₹3 Cr
Operating margin
13.7%
Net profit margin
7.3%
EBITDA margin
13.7%
Sales growth 3y
-4.4%
Sales growth 5y
1.0%
Profit growth 3y
-35.0%
Profit growth 5y
-23.0%
EPS
₹2.7
Sales growth TTM
2.0%
Profit growth TTM
-48.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹8 Cr
Profit latest quarter
₹1 Cr
YoY quarterly sales growth
21.1%
YoY quarterly profit growth
18.4%
OPM latest quarter
10.3%

Balance Sheet

Book Value
₹540
Face Value
₹10.0
Total debt
₹0 Cr
Total cash
₹6 Cr
Borrowings
₹0 Cr
Reserves / Equity
53.0

Cash Flow

Operating cash flow
₹22 Cr
Free cash flow
₹20 Cr
FCF yield
18.0%
Net cash flow
-₹2 Cr

Shareholding

Promoter holding
66.6%
FII holding
0.0%
DII holding
0.0%
Public holding
33.3%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Tata Consumer968.5058.195,8521.03427.227.85,348.911.99.2
CCL Products1,052.3032.514,0510.55116.961.31,200.513.715.8
Vintage Coffee184.1934.32,6980.0820.846.1161.058.518.2
Andrew Yule & Co24.631,2040.00-2.3-111.658.33.9-16.2
Goodricke Group227.2010.14910.8840.91033.2211.321.15.1
Mcleod Russel42.008.24390.00-13.469.2261.121.0-4.6
The Peria Karamalai Tea944.402920.089.926.220.623.3-0.3
Ganges Securitie113.9639.61140.001.218.47.721.10.8
Median184.1916.62330.224.534.871.611.95.1

Competes with: Andrew Yule & Company Limited, CCL Products (India) Limited, Jayshree Tea & Industries Limited, Mcleod Russel India Limited, Tata Consumer Products, The Peria Karamalai Tea & Produce Company Limited, The United Nilgiri Tea Estates Company Limited, Vintage Coffee And Beverages Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales5.8913132.647.72151326.36161137.70
Expenses6.214.49126.915.976.23127.675.48119.016.616.91
Material Cost00.600.990.510.142.32
Change in Inventories-0.12-3.120.971.310.72-3.79
Purchases of Stock-in-Trade000000
Employee Cost5.445.795.965.024.285.99
Other Expenses2.272.072.542.081.442.27
Operating Profit-0.328.841.31-4.271.758.931.50-5.670.884.952.23-3.610.79
OPM %-5.436610-162235911-284143220-12010
Other Income0.170.170.650.16-0.120.18-0.190.730.600.040.190.150.88
Exceptional items (within Other Income)000000
Interest000.010.010000.0100000
Depreciation0.190.200.200.190.190.190.190.470.160.200.220.200.21
Profit before tax-0.348.811.75-4.311.448.921.12-5.421.324.792.20-3.661.46
Tax %532423-6.96271929-32223934-2616
Net Profit-0.526.671.34-4.011.057.220.80-3.711.032.911.46-2.711.22
EPS in Rs-0.526.671.34-4.011.057.220.80-3.711.032.911.46-2.711.22
Diluted EPS in Rs-3.711.032.911.46-2.701.22

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales02933323235344236393737
Expenses0.042120222223263029313233
Material Cost02.24
Change in Inventories0.42-0.12
Purchases of Stock-in-Trade00
Employee Cost2221
Other Expenses8.868.13
Operating Profit-0.047.90139.669.40128.41126.957.455.014.36
OPM %2839302934242919191412
Other Income00.110.190.320.120.511.611.38-0.25-0.730.421.26
Exceptional items (within Other Income)-1.020
Interest00.180.820.510.160.080.200.170.010.010.010
Depreciation01.231.250.730.650.700.740.730.781.040.790.83
Profit before tax-0.046.60118.748.71129.08135.915.674.644.79
Tax %011181418161223411142
Net Profit-0.045.859.237.527.149.797.999.753.485.062.692.88
EPS in Rs5.859.237.527.149.797.999.753.485.062.692.88
Diluted EPS in Rs5.062.69
Dividend Payout %00000000000

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
—
5 years
1%
3 years
-4%
TTM
2%

Compounded profit growth

10 years
53%
5 years
-23%
3 years
-35%
TTM
-48%

Stock price CAGR

10 years
—
5 years
4%
3 years
0%
1 year
-25%

Return on equity

10 years
2%
5 years
1%
3 years
1%
Last year
0%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.0510101010101010101010
Reserves-0.047584304198328614441535666530
Borrowings0126.252.452.582.472.630000
Other Liabilities04.754.806.076.205.94146.14255540
Total Liabilities0.01101105322217346641457570732580
Fixed Assets011111112121212141415
CWIP00.760.500.810.670.681.322.270.831.210.89
Investments03636248135256554383493667536
Other Assets0.0153586369777359634928
Total Assets0.01101105322217346641457570732581

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-0.04-143.116.08115.111723-5.222122
Cash from Investing Activity0206.91-0.80-1.02-2.54-22-21-0.85-19-24
Cash from Financing Activity010-6.07-5.06-0.10-0.04-0.07-2.83-0.04-0.04-0.03
Net Cash Flow-0.04163.950.229.452.53-5.66-0.99-6.112.16-1.73
Free Cash Flow-0.04-152.725.289.554.131521-6.072020

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days121519156.191.597.145.639.5919
Inventory Days384
Days Payable143
Cash Conversion Cycle121519156.191.597.145.639.59260
Working Capital Days227270695230391520-9.9716
ROCE %14124.433.424.271.922.371.311.100.76

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters676767676767676767676767
FIIs00000.010.080.030.030.030.030.030.03
DIIs0.010.010.010.010.010.010.010.010.010.010.010.01
Public333333333333333333333333
No. of Shareholders5,2375,1795,5365,4575,3956,0486,0005,8535,7585,6855,5955,528

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -24.6% (₹150.92 → ₹113.75)Brick size ₹4.06 (fixed)Bricks 26
₹120₹140₹160₹114Nov '25Feb '26May '26Aug '26
Price moved up one brickPrice moved down one brickLast close ₹113.75 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

19.85cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

News

News and filings about Ganges Securities Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • fertilizers and plant protection formulations
  • green tea leaves (bought leaf)
  • stores, spares and packing materials

Depends on the price of

  • Tea Leaves

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Fast Moving Consumer Goods
Industry
Tea & Coffee
Classification
Fast Moving Consumer Goods › Tea & Coffee
ISIN
INE335W01016

Business segments

  • TEA BUSINESS · 79%
  • INVESTING BUSINESS · 21%

Plants

  • Cinnatolliah Tea Estate and CTC factory, North Lakhimpur

News impact

Big market events that reach Ganges Securities Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Splits, bonuses & buybacks

  • daily-prices repair: 11 rows from NSE's archive (replace 5, delete 0, insert 6), 2018-08-16..2026-02-01 (docs/flat_day_repair.md)1× · 16 Aug 2018

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.