Ganesh Green Bharat Ltd.

•

₹ 238.35-0.25%

2026-08-21

ganeshgreen.comBSE: -NSE: GGBL

Market Cap₹ 593 Cr.

Current Price₹ 238

High / Low₹ 481 / 215

Stock P/E0.0

Book Value₹ 35

Price to Book3.89

Dividend Yield0.00 %

ROCE26.6 %

ROE23.6 %

Face Value₹ 10

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ABOUT

KEY POINTS

PROS

Company has a healthy return on capital (ROCE) of 28.7%
Company has a good return on equity (ROE) track record: 3 Years ROE 28.4%
Company comfortably covers its interest (12.0x coverage)
Attractively priced for its growth - PEG of 0.4
Company maintains a comfortable, low leverage position

CONS

Operating cash flow has been negative in recent years
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.42x)
Equity base is being diluted - shares outstanding up 1966.8%
Working capital days have increased from 27 to 157 days
Free cash flow has been persistently negative

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

Capital GoodsCapital GoodsElectric Equipment

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	ABB	7470.00	52.98	158295.56	0.53	3623.00	930.02	35588.70	1110.31	30.18	12.56
2.	POWERINDIA	33560.00	0.00	149584.85	0.02	294.15	123.52	2493.69	74.46	28.73	14.58
3.	SIEMENS	3899.95	42.40	138885.22	0.46	214.31	-49.38	4713.70	8.44	21.42	9.14
4.	CGPOWER	875.00	110.28	137851.88	0.15	308.28	15.52	3280.81	13.99	27.94	12.11
5.	ENRIN	3436.60	0.00	122384.37	0.12	4409.00	1578.34	24856.00	1292.81	40.19	23.56
6.	GVT&D	4055.00	555.99	103826.87	0.25	362.99	24.65	1836.14	38.04	75.51	25.10
7.	HAVELLS	1273.00	48.91	79888.60	0.79	289.71	-16.64	6518.19	19.48	25.74	7.15
8.	WAAREEENER	2684.00	20.23	77205.62	0.15	891.87	15.39	7931.79	79.22	34.71	18.15
9.	APARINDS	16764.90	59.41	70198.55	0.36	4674.50	1677.98	65910.60	1191.31	33.47	11.50
10.	SUZLON	47.05	20.57	64673.22	0.00	305.22	-5.89	3829.09	22.83	35.79	15.55
11.	SCHNEIDER	1241.90	0.00	29694.33	0.00	124.40	201.65	6513.60	947.83	31.01	5.23
12.	GGBL	238.95	7.88	592.62	0.00	—	—	—	—	25.45	—

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

No standalone quarterly results found

We don't have this information yet. Please check back later.

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2023	Mar 2024	Mar 2025
	83	85	166	311
	73	71	142	267
Operating Profit	11	14	25	48
OPM %	14	17	15	15
Other Income	1	0	1	4
Interest	1	3	4	4
Depreciation	0	1	1	3
	10	11	20	41
Tax %	26	26	27	27
Net Profit	7	8	14	30
EPS	4	4	8	12
Dividend Payout %	0	0	0	0
Minority Interest	0	0	0	0
Share of Associates	0	0	0	0
Adjusted EPS	4	5	8	12
Minority Interest	0	0	0	0
Share of Associates	0	0	0	0
Adjusted EPS	4	5	8	12

Mar 2021

: 83
: 73
Operating Profit: 11
OPM %: 14
Other Income: 1
Interest: 1
Depreciation: 0
: 10
Tax %: 26
Net Profit: 7
EPS: 4
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4

Mar 2023

: 85
: 71
Operating Profit: 14
OPM %: 17
Other Income: 0
Interest: 3
Depreciation: 1
: 11
Tax %: 26
Net Profit: 8
EPS: 4
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 5
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 5

Mar 2024

: 166
: 142
Operating Profit: 25
OPM %: 15
Other Income: 1
Interest: 4
Depreciation: 1
: 20
Tax %: 27
Net Profit: 14
EPS: 8
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 8
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 8

Mar 2025

: 311
: 267
Operating Profit: 48
OPM %: 15
Other Income: 4
Interest: 4
Depreciation: 3
: 41
Tax %: 27
Net Profit: 30
EPS: 12
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 12
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 12

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 55%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 60%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -46%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 28%
Last Year:: 24%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-
Equity Capital	1	1	18	25
	21	34	34	174
	3	17	35	31
Trade Payables	30	18	26	43
	12	17	15	42
Total Liabilities	67	88	128	316
ASSETS	-	-	-	-
	1	2	7	33
	8	15	35	110
	0	0	41	58
Cash & Bank	0	0	1	45
	57	70	45	70
Total Assets	67	88	128	316
Total Debt	10	27	41	40
Net Working Capital	15	36	12	134
Contingent Liabilities	0	21	40	73
Book Value per Share	182.22	293.26	28.43	80.24
Face Value	10.00	10.00	10.00	10.00
Total Debt	10	27	41	40
Net Working Capital	15	36	12	134
Contingent Liabilities	0	21	40	73
Book Value per Share	182.22	293.26	28.43	80.24
Face Value	10.00	10.00	10.00	10.00

Mar 2021

Equity Capital: 1
: 21
: 3
Trade Payables: 30
: 12
Total Liabilities: 67
: 1
: 8
: 0
Cash & Bank: 0
: 57
Total Assets: 67
Total Debt: 10
Net Working Capital: 15
Contingent Liabilities: 0
Book Value per Share: 182.22
Face Value: 10.00
Total Debt: 10
Net Working Capital: 15
Contingent Liabilities: 0
Book Value per Share: 182.22
Face Value: 10.00

Mar 2023

Equity Capital: 1
: 34
: 17
Trade Payables: 18
: 17
Total Liabilities: 88
: 2
: 15
: 0
Cash & Bank: 0
: 70
Total Assets: 88
Total Debt: 27
Net Working Capital: 36
Contingent Liabilities: 21
Book Value per Share: 293.26
Face Value: 10.00
Total Debt: 27
Net Working Capital: 36
Contingent Liabilities: 21
Book Value per Share: 293.26
Face Value: 10.00

Mar 2024

Equity Capital: 18
: 34
: 35
Trade Payables: 26
: 15
Total Liabilities: 128
: 7
: 35
: 41
Cash & Bank: 1
: 45
Total Assets: 128
Total Debt: 41
Net Working Capital: 12
Contingent Liabilities: 40
Book Value per Share: 28.43
Face Value: 10.00
Total Debt: 41
Net Working Capital: 12
Contingent Liabilities: 40
Book Value per Share: 28.43
Face Value: 10.00

Mar 2025

Equity Capital: 25
: 174
: 31
Trade Payables: 43
: 42
Total Liabilities: 316
: 33
: 110
: 58
Cash & Bank: 45
: 70
Total Assets: 316
Total Debt: 40
Net Working Capital: 134
Contingent Liabilities: 73
Book Value per Share: 80.24
Face Value: 10.00
Total Debt: 40
Net Working Capital: 134
Contingent Liabilities: 73
Book Value per Share: 80.24
Face Value: 10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2023	Mar 2024	Mar 2025
	-4	-4	23	-40
Cash from Investing	-2	-1	-35	-43
Cash from Financing	-2	5	12	114
	-8	0	0	30
Free Cash Flow	-4	-6	16	-69
OCF / Net Profit	-0.54	-0.52	1.58	-1.36
Cumulative 5-Year FCF	0	0	0	0
OCF / Net Profit	-0.54	-0.52	1.58	-1.36
Cumulative 5-Year FCF	0	0	0	0

Mar 2021

: -4
Cash from Investing: -2
Cash from Financing: -2
: -8
Free Cash Flow: -4
OCF / Net Profit: -0.54
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.54
Cumulative 5-Year FCF: 0

Mar 2023

: -4
Cash from Investing: -1
Cash from Financing: 5
: 0
Free Cash Flow: -6
OCF / Net Profit: -0.52
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.52
Cumulative 5-Year FCF: 0

Mar 2024

: 23
Cash from Investing: -35
Cash from Financing: 12
: 0
Free Cash Flow: 16
OCF / Net Profit: 1.58
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.58
Cumulative 5-Year FCF: 0

Mar 2025

: -40
Cash from Investing: -43
Cash from Financing: 114
: 30
Free Cash Flow: -69
OCF / Net Profit: -1.36
Cumulative 5-Year FCF: 0
OCF / Net Profit: -1.36
Cumulative 5-Year FCF: 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2023	Mar 2024	Mar 2025
PER SHARE	-	-	-	-
EPS (₹)	59.95	67.86	7.91	11.94
Book Value (₹)	182.22	293.26	28.43	80.24
Dividend per Share (₹)	0.00	0.00	0.00	0.00
Cash EPS (₹)	4.25	4.95	8.51	13.33
PROFITABILITY	-	-	-	-
Operating Margin %	13.79%	16.92%	14.59%	14.17%
Net Margin %	8.64%	9.54%	8.67%	9.51%
ROE %	32.90%	28.55%	33.13%	23.62%
ROCE %	34.08%	28.80%	30.55%	26.64%
	10.78%	10.56%	13.36%	13.34%
EFFICIENCY	-	-	-	-
Debtor Days	38	61	66	58
Inventory Days	37	50	55	85
Payable Days	231	144	67	54
	-155	-32	54	89
FINANCIAL HEALTH	-	-	-	-
Debt to Equity (x)	0.48x	0.78x	0.79x	0.20x
Interest Coverage (x)	8.57x	5.14x	5.83x	11.97x
	1.39x	1.87x	1.17x	2.21x
GROWTH	-	-	-	-
Revenue Growth %	0.00%	2.47%	94.71%	87.43%
Operating Profit Growth %	0.00%	25.69%	71.90%	92.01%
Net Profit Growth %	0.00%	13.20%	76.87%	105.61%
	0.00%	0.00%	-88.34%	50.97%
VALUATION	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	26.11x
P/B (x)	0.00x	0.00x	0.00x	3.89x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	2.36x	16.13x

Mar 2021

EPS (₹): 59.95
Book Value (₹): 182.22
Dividend per Share (₹): 0.00
Cash EPS (₹): 4.25
Operating Margin %: 13.79%
Net Margin %: 8.64%
ROE %: 32.90%
ROCE %: 34.08%
: 10.78%
Debtor Days: 38
Inventory Days: 37
Payable Days: 231
: -155
Debt to Equity (x): 0.48x
Interest Coverage (x): 8.57x
: 1.39x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 67.86
Book Value (₹): 293.26
Dividend per Share (₹): 0.00
Cash EPS (₹): 4.95
Operating Margin %: 16.92%
Net Margin %: 9.54%
ROE %: 28.55%
ROCE %: 28.80%
: 10.56%
Debtor Days: 61
Inventory Days: 50
Payable Days: 144
: -32
Debt to Equity (x): 0.78x
Interest Coverage (x): 5.14x
: 1.87x
Revenue Growth %: 2.47%
Operating Profit Growth %: 25.69%
Net Profit Growth %: 13.20%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 7.91
Book Value (₹): 28.43
Dividend per Share (₹): 0.00
Cash EPS (₹): 8.51
Operating Margin %: 14.59%
Net Margin %: 8.67%
ROE %: 33.13%
ROCE %: 30.55%
: 13.36%
Debtor Days: 66
Inventory Days: 55
Payable Days: 67
: 54
Debt to Equity (x): 0.79x
Interest Coverage (x): 5.83x
: 1.17x
Revenue Growth %: 94.71%
Operating Profit Growth %: 71.90%
Net Profit Growth %: 76.87%
: -88.34%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 2.36x

Mar 2025

EPS (₹): 11.94
Book Value (₹): 80.24
Dividend per Share (₹): 0.00
Cash EPS (₹): 13.33
Operating Margin %: 14.17%
Net Margin %: 9.51%
ROE %: 23.62%
ROCE %: 26.64%
: 13.34%
Debtor Days: 58
Inventory Days: 85
Payable Days: 54
: 89
Debt to Equity (x): 0.20x
Interest Coverage (x): 11.97x
: 2.21x
Revenue Growth %: 87.43%
Operating Profit Growth %: 92.01%
Net Profit Growth %: 105.61%
: 50.97%
P/E (x): 26.11x
P/B (x): 3.89x
Dividend Yield %: 0.00%
: 16.13x

Shareholding Pattern

Numbers in percentages

TRADES

	Sep 2024	Mar 2025	Sep 2025	Mar 2026
	73.42	73.42	73.42	73.42
	3.06	1.45	1.41	0.00
	2.75	1.03	0.55	0.76
Government	0.00	0.00	0.00	0.00
	20.76	24.10	24.62	25.82

Sep 2024

: 73.42
: 3.06
: 2.75
Government: 0.00
: 20.76

Mar 2025

: 73.42
: 1.45
: 1.03
Government: 0.00
: 24.10

Sep 2025

: 73.42
: 1.41
: 0.55
Government: 0.00
: 24.62

Mar 2026

: 73.42
: 0.00
: 0.76
Government: 0.00
: 25.82

Documents

Announcements

Nothing filed yet.

Annual Reports

Annual Report FY2025
2025

Credit Ratings

Nothing filed yet.

Concalls

Jun 2026
Transcript PPTREC
Nov 2025
Transcript PPTREC
Aug 2025
TranscriptPPTREC