Financials Ganges Securities Limited

Equities

GANGESSECU

INE335W01016

Investment Management & Fund Operators

Market Closed - NSE India S.E. 07:43:52 2024-05-31 EDT 5-day change 1st Jan Change
146.6 INR +0.76% Intraday chart for Ganges Securities Limited -9.00% +18.18%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 692.3 445.2 216.1 590.2 1,331 944.8
Enterprise Value (EV) 1 531.5 218.5 -66.31 206 988.4 500.7
P/E ratio 7.68 x 6.46 x 3.03 x 6.03 x 16.7 x 9.7 x
Yield - - - - - -
Capitalization / Revenue 2.07 x 1.39 x 0.67 x 1.68 x 3.71 x 2.19 x
EV / Revenue 1.59 x 0.68 x -0.21 x 0.59 x 2.75 x 1.16 x
EV / EBITDA 4 x 2.23 x -0.69 x 1.69 x 10 x 3.75 x
EV / FCF 8.58 x 4.3 x -1.23 x 2.72 x -15.2 x 1.81 x
FCF Yield 11.6% 23.3% -81.2% 36.7% -6.6% 55.3%
Price to Book 0.73 x 0.44 x 0.1 x 0.17 x 0.21 x 0.21 x
Nbr of stocks (in thousands) 10,004 10,004 10,004 10,004 10,004 10,004
Reference price 2 69.20 44.50 21.60 59.00 133.1 94.45
Announcement Date 8/30/18 8/10/19 8/30/20 8/1/21 6/26/22 7/6/23
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 334.8 320.9 321.3 350.6 358.9 431.1
EBITDA 1 132.7 98.09 96.48 122 98.54 133.5
EBIT 1 120.2 86.26 90.2 115.3 91.41 126.6
Operating Margin 35.92% 26.88% 28.07% 32.89% 25.47% 29.36%
Earnings before Tax (EBT) 1 112.2 83.99 87.1 117 90.8 126.7
Net income 1 92.26 71.11 71.41 97.94 79.95 97.47
Net margin 27.56% 22.16% 22.22% 27.93% 22.28% 22.61%
EPS 2 9.006 6.891 7.139 9.790 7.990 9.740
Free Cash Flow 1 61.92 50.85 53.83 75.69 -65.23 277.1
FCF margin 18.5% 15.85% 16.75% 21.59% -18.18% 64.26%
FCF Conversion (EBITDA) 46.65% 51.85% 55.8% 62.05% - 207.52%
FCF Conversion (Net income) 67.11% 71.52% 75.38% 77.28% - 284.25%
Dividend per Share - - - - - -
Announcement Date 8/30/18 8/10/19 8/30/20 8/1/21 6/26/22 7/6/23
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 161 227 282 384 343 444
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 61.9 50.9 53.8 75.7 -65.2 277
ROE (net income / shareholders' equity) 10.1% 7.16% 2.73% 3.59% 1.66% 1.81%
ROA (Net income/ Total Assets) 7.27% 5.03% 2.09% 2.56% 1.16% 1.44%
Assets 1 1,268 1,412 3,418 3,828 6,906 6,764
Book Value Per Share 2 94.20 101.0 208.0 338.0 623.0 451.0
Cash Flow per Share 2 20.80 22.70 10.80 13.30 7.670 6.670
Capex 1 3.86 8.16 10.2 10 14.2 19.3
Capex / Sales 1.15% 2.54% 3.18% 2.85% 3.96% 4.49%
Announcement Date 8/30/18 8/10/19 8/30/20 8/1/21 6/26/22 7/6/23
1INR in Million2INR
Estimates
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