Ganon Products
GANONPRODUCTSLTD NSE
Ganon Products
Commercial ServicesNSE: GANONPRODUCTSLTD BSE: 512443 Trading & Distributors
Key Fundamentals
MicrocapTrading & DistributorsCommercial ServicesMarket Cap
₹6.80 Cr
Volatility
Moderate
P/E Ratio
12.6
EBITDA
₹1.66 Cr
Return on Equity
0.4%
Debt to Equity
0.95
Book Value
₹12.38
EPS
₹0.14
52W High
₹17.39
52W Low
₹6.7
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Stock is trading at 0.61 times its book value
Weaknesses
5- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 2.08% over last 3 years.
- Company has high debtors of 271 days.
- Working capital days have increased from 264 days to 1,220 days
Growth Rate
Revenue Growth
-64.44% lower than
3Y
Net Income Growth
—
Cash Flow Change
-149% lower than
3Y
ROE
-65.52% lower than
3Y
ROCE
94.85% higher than
3Y
EBITDA Margin (Avg.)
360% lower than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 8.31 | 9.74 | 0 | 9.85 | 6.13 | 6.93 | 4.01 | 0 | 0 | 1.21 | 1.45 | 4.06 | 0.91 |
| Expenses | 8.74 | 9.41 | 0.15 | 10.28 | 6.43 | 7.26 | 4.24 | 0.07 | 0.08 | 1.17 | 1.22 | 2.59 | 0.85 |
| Operating Profit | -0.43 | 0.33 | -0.15 | -0.43 | -0.3 | -0.33 | -0.23 | -0.07 | -0.08 | 0.04 | 0.23 | 1.47 | 0.06 |
| OPM % | -5.17% | 3.39% | — | -4.37% | -4.89% | -4.76% | -5.74% | — | — | 3.31% | 15.86% | 36.21% | 6.59% |
| Other Income | 0.35 | 0.3 | 0.37 | 0.34 | 0.62 | 0.62 | 0.53 | 0.11 | 0.11 | 0.16 | 0 | 0.13 | 0 |
| Interest | 0.09 | 0.08 | 0.12 | 0.25 | 0.3 | 0.27 | 0.28 | 0.04 | 0.01 | 0.01 | 0 | 1.34 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | -0.17 | 0.55 | 0.1 | -0.34 | 0.02 | 0.02 | 0.02 | 0 | 0.02 | 0.19 | 0.23 | 0.26 | 0.06 |
| Tax % | 0% | 0% | 0% | 0% | 50% | 0% | 0% | — | 50% | 26.32% | 26.09% | 26.92% | 33.33% |
| Net Profit | -0.17 | 0.55 | 0.1 | -0.34 | 0.02 | 0.01 | 0.01 | 0 | 0.02 | 0.14 | 0.17 | 0.19 | 0.04 |
| EPS in Rs | -0.18 | 0.59 | 0.11 | -0.36 | 0.02 | 0.01 | 0.01 | 0 | 0.02 | 0.15 | 0.18 | 0.2 | 0.04 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 151 | 35.59 | 1.85 | 34.01 | 0.25 | 0.01 | 0 | 0 | 12.74 | 27.9 | 17.07 | 6.72 | 7.63 |
| Expenses | 151 | 35.52 | 1.79 | 33.93 | 0.23 | 0.29 | 0.51 | 0.57 | 13.58 | 28.61 | 17.98 | 5.05 | 5.83 |
| Operating Profit | 0.24 | 0.07 | 0.06 | 0.08 | 0.02 | -0.28 | -0.51 | -0.57 | -0.84 | -0.71 | -0.91 | 1.67 | 1.8 |
| OPM % | 0.16% | 0.2% | 3.24% | 0.24% | 8% | -2800% | — | — | -6.59% | -2.54% | -5.33% | 24.85% | 23.59% |
| Other Income | 0 | 0 | 0 | 0 | 2.52 | -1.97 | 0.99 | 1 | 1.35 | 1.41 | 1.87 | 0.4 | 0.29 |
| Interest | 0.07 | 0 | 0 | 0 | 0 | 0.02 | 0.4 | 0.4 | 0.49 | 0.53 | 0.9 | 1.36 | 1.35 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 0.17 | 0.07 | 0.06 | 0.08 | 2.54 | -2.27 | 0.08 | 0.03 | 0.02 | 0.17 | 0.06 | 0.71 | 0.74 |
| Tax % | 35.29% | 28.57% | 33.33% | 25% | 0.39% | 1.76% | 25% | 66.67% | 50% | 23.53% | 33.33% | 25.35% | — |
| Net Profit | 0.11 | 0.04 | 0.04 | 0.06 | 2.54 | -2.31 | 0.06 | 0.01 | 0.01 | 0.13 | 0.04 | 0.52 | 0.54 |
| EPS in Rs | 0.12 | 0.04 | 0.04 | 0.06 | 2.72 | -2.48 | 0.06 | 0.01 | 0.01 | 0.14 | 0.04 | 0.56 | 0.57 |
| Div. Payout % | 42.41% | 0% | 0% | 31.1% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9.33 | 9.33 | 9.33 | 9.33 | 9.33 | 9.33 | 9.33 | 9.33 | 9.33 | 9.33 | 9.33 | 9.33 |
| Reserves | 1.06 | 1.1 | 1.15 | 1.17 | 3.7 | 1.39 | 1.45 | 1.48 | 1.5 | 1.64 | 1.69 | 2.22 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11 |
| Other Liabilities | 13.69 | 1.64 | 2.11 | 34.78 | 2.49 | 5.18 | 5.49 | 6.82 | 10.27 | 21.73 | 14.96 | 16.02 |
| Total Liabilities | 24.08 | 12.07 | 12.59 | 45.28 | 15.52 | 15.9 | 16.27 | 17.63 | 21.1 | 32.7 | 25.98 | 38.57 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 9.15 | 9.15 | 11.14 | 11.14 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 0 | 0 |
| Other Assets | 14.93 | 2.92 | 1.45 | 34.14 | 13.53 | 13.91 | 14.28 | 15.64 | 19.11 | 30.71 | 25.98 | 38.57 |
| Total Assets | 24.08 | 12.07 | 12.59 | 45.28 | 15.52 | 15.9 | 16.27 | 17.63 | 21.1 | 32.7 | 25.98 | 38.57 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 0.11 | 0.06 | 2.17 | -0.22 | 0.34 | -0.63 | -0.52 | -0.24 | 5.84 | 5.6 | -2.72 | -8.32 |
| Investing | 0 | 0.01 | -1.95 | 0 | -0.43 | -2.48 | -0.43 | -0.59 | -1.8 | -9.74 | 8.8 | 0.4 |
| Financing | -0.04 | -0.06 | 0 | -0.02 | 0 | 4.25 | -0.09 | 0.74 | -3.92 | 4.21 | -6.25 | 7.97 |
| Net Cash Flow | 0.07 | 0.01 | 0.22 | -0.24 | -0.1 | 1.13 | -1.04 | -0.09 | 0.12 | 0.07 | -0.17 | 0.06 |
| Free Cash Flow | 0.11 | 0.06 | 2.17 | -0.22 | 0.34 | -0.63 | -0.52 | -0.24 | 5.84 | 5.6 | -0.73 | -8.32 |
| CFO/OP | 71 | 157 | 3,650 | -250 | 1,750 | 211 | 98 | 40 | -696 | -794 | 297 | -487 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 9.84 | 0 | 0 | 353 | 394 | 4,745 | — | — | 5.44 | 7.98 | 16.89 | 271 |
| Inventory Days | 3.92 | 16.98 | 0 | 0.65 | — | 0 | — | — | 0 | 0 | 0 | 0 |
| Days Payable | 32.88 | 16.67 | — | 375 | — | — | — | — | — | — | — | — |
| Cash Conversion Cycle | -19.11 | 0.31 | 0 | -21.32 | 394 | 4,745 | — | — | 5.44 | 7.98 | 16.89 | 271 |
| Working Capital Days | -0.31 | 0.21 | -416 | -19.75 | -3,154 | -28,835 | — | — | -206 | -177 | -251 | 1,220 |
| ROCE % | 2.32% | 0.67% | 0.57% | 0.76% | 21.59% | 2.27% | 4.47% | 3.98% | 4.71% | 6.42% | 8.73% | 12.33% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Ganon Products insights
55 extracted metrics + investor summaries across FY10–FY26.
Documents
1
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
11 Sep - Kamla Business Ventures LLP sold 47,597 Ganon Products shares on 27.08.2026; holding fell to 7.38%. 11 Sep - Kamla Business Ventures LLP sold 47,597 Ganon Products shares on 27.08.2026; holding fell to 7.38%.
3
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
28 Apr - Company confirmed it was not a Large Corporate for FY ended 31 March 2026; outstanding borrowings were Rs 14.04 crore. 28 Apr - Company confirmed it was not a Large Corporate for FY ended 31 March 2026; outstanding borrowings were Rs 14.04 crore.
4
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
28 Apr - Company confirmed it was not a Large Corporate for FY ended 31 March 2026; outstanding borrowings were Rs 14.04 crore. 28 Apr - Company confirmed it was not a Large Corporate for FY ended 31 March 2026; outstanding borrowings were Rs 14.04 crore.
5
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
14 Apr - Submitted Regulation 74(5) certificate for demat requests in quarter ended 31 March 2026. 14 Apr - Submitted Regulation 74(5) certificate for demat requests in quarter ended 31 March 2026.
Frequently Asked Questions about Ganon Products
What does Ganon Products Ltd do?
Incorporated in 1985, Ganon Products Ltd is engaged in the Trading activity of goods in the wholesale segment[1]
Where is Ganon Products Ltd (512443) listed?
Ganon Products Ltd trades as GANONPRODUCTSLTD on the NSE and under code 512443 on the BSE.
Which sector does Ganon Products Ltd belong to?
Ganon Products Ltd is classified under the Commercial Services sector, in the Trading & Distributors industry.
What is the market capitalisation of Ganon Products Ltd?
Ganon Products Ltd has a market capitalisation of ₹6.8 Cr, which places it in the Small Cap band.
What is the PE ratio of Ganon Products Ltd?
Ganon Products Ltd trades at a PE ratio of 12.60, on earnings per share of ₹0.14, against a book value of ₹12.38 per share.
What is the 52-week high and low of Ganon Products Ltd?
Over the last 52 weeks Ganon Products Ltd has traded between ₹6.7 and ₹17.39.
What is the Return on Equity (ROE) of Ganon Products Ltd?
Ganon Products Ltd reported a return on equity of 0.40%. Its debt-to-equity ratio is 0.95.
Company Information
Incorporated in 1985, Ganon Products Ltd is engaged in the Trading activity of goods in the wholesale segment[1]
Website ganontrading.com
Face Value ₹ 10
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