Ganesha Ecosphere Ltd
GANECOSGanesha Ecosphere Ltd's price has outrun its earnings. −20.4% in a year against EPS −64.8% — the market is paying now for delivery later.
The sharpest disagreement: the price moved −20.4% in a year while annual EPS moved −64.8% — the difference is re-rating, and re-rating has to be repaid with earnings.
The price is in a downtrend (73 weeks in) while the P/E sits at the 98th percentile of its own 6-year range. Underneath, the last four quarters read deteriorating — profit −4.2% year on year, and 140% of the last 3 years' profit arrived as cash. What settles it: whether earnings grow into a price that has already moved.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Ganesha Ecosphere Ltd trades at ₹1,203, in a downtrend and 73 weeks into that stage. That is +17.3% against its own 200-day average. It sits at 77% of a 52-week range of ₹683 to ₹1,361. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 2 straight weeks.
Today the stock is in a downtrend — week 73 of stage 4, confirmed. At ₹1,203 it trades +17.3% versus its 200-day average and sits at 77% of its 52-week range (₹683–₹1,361).
Against the market, two honest reads. Cumulative: over the last 10.3 years the stock moved +813% while the NIFTY 500 moved +274% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 2 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 98th percentile of its own range.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Ganesha Ecosphere Ltd trades at 84.8× P/E, about the priciest it has ever traded. Its long-run median P/E is 32.6×, measured across 6.1 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 84.8× is about the priciest it has ever traded, against a long-run median of 32.6× measured over 6.1 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
🚨 Why the multiple sits where it does: over the past year annual EPS moved −64.8% against a −20.4% price move — the price outran earnings, pushing the multiple UP its own range.
The price move, decomposed: over 5y, of the +18.8%/yr price move, ~−6.5%/yr came from earnings growth and ~+25.3 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: Deteriorating Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Ganesha Ecosphere Ltd reads as deteriorating on its fundamental arc. Deteriorating — profit and EPS growth are shrinking (profit growth −62.5% latest against +200.0% at its 12-quarter best), ROCE slipping at 5.7%. The read is built from 12 quarters across 4 curves, on full evidence.
🚨 Why it matters: falling curves mean every cheap-looking ratio below needs a discount for direction.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +1.1% | +7.9% | +14.6% | — |
| Profit | −63.1% | −18.0% | −2.9% | — |
| EPS | −64.8% | −23.5% | −6.5% | — |
| Share price | −20.4% | +5.0% | +18.8% | +22.4% |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
28.1/100 — rank 9 of 9 in Recycling · 94% evidence confidence
Ganesha Ecosphere Ltd scores 28.1 out of 100 against the 9 companies it is compared with in Recycling, ranking 9. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 2.4 + 8.4 + 10.2 + 7.1 = 28.1. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Ganesha Ecosphere Ltd reported ₹424 Cr of revenue in the Mar 26 quarter, +23.3% year on year. Over 6 years it has compounded at 8.9% a year. The last full year, FY26, came in at ₹1,482 Cr. The last four reported quarters add to ₹1,481 Cr.
Ganesha Ecosphere Ltd reported ₹424 Cr of revenue in the Mar 26 quarter, +23.3% year on year. Over 6 years it has compounded at 8.9% a year. The last full year, FY26, came in at ₹1,482 Cr. The last four reported quarters add to ₹1,481 Cr.
FY26 revenue came in at ₹1,482 Cr (+1.1% on the year), capping 6 years at 8.9% compound. The latest quarter (Mar 26) printed ₹424 Cr, +23.3% year on year.
Pace check: the last four quarters averaged +1.7% growth against the decade's 8.9% — the current year is running slower than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +1.0% over the last 4 quarters against +14.8%/yr over the last 8 — rolling over; TTM profit −62.5% vs −2.5%/yr — rolling over.
→ Revenue grew — did margins hold as it scaled? Next: 12.0% this quarter (−3.0 pp YoY).
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Ganesha Ecosphere Ltd's operating margin is 12.0% in the Mar 26 quarter, −3.0 percentage points against the same quarter a year ago. Across 7 fiscal years the operating margin has ranged 10.0% to 14.0%. The current quarter sits inside that band.
Ganesha Ecosphere Ltd's operating margin is 12.0% in the Mar 26 quarter, −3.0 percentage points against the same quarter a year ago. Across 7 fiscal years the operating margin has ranged 10.0% to 14.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 12.0%, −3.0 pp against the same quarter a year ago. Across 7 fiscal years the operating margin has ranged 10.0%–14.0%.
🚨 Why the margin moved: operating margin went −2.5 pp year on year while gross margin went −2.7 pp — the loss came mostly from the gross line: input costs and pricing.
→ Margins slipped — did that reach the bottom line? Next: profit −4.2% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Ganesha Ecosphere Ltd earned ₹23.0 Cr of net profit in the Mar 26 quarter, −4.2% year on year. Full-year FY26 profit was ₹38.0 Cr. The 6-year compound rate is −8.3%. That is 5.4% of the quarter's revenue. The same quarter a year earlier earned ₹24.0 Cr.
Ganesha Ecosphere Ltd earned ₹23.0 Cr of net profit in the Mar 26 quarter, −4.2% year on year. Full-year FY26 profit was ₹38.0 Cr. The 6-year compound rate is −8.3%. That is 5.4% of the quarter's revenue. The same quarter a year earlier earned ₹24.0 Cr.
Mar 26 profit was ₹23.0 Cr, −4.2% year on year. On the full year, FY26 printed ₹38.0 Cr (−63.1%), and the 6-year compound rate is −8.3%.
🚨 Why profit moved: revenue contributed +23.3% and the margin −3.0 pp — the quarter was revenue-led despite a thinner margin.
Pace comparison, last four quarters: profit −59.9% vs revenue +1.7%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.
→ Profit rose — but did the cash follow? Next: 140% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 140% of Ganesha Ecosphere Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹171 Cr of operating cash against ₹38.0 Cr of profit. After ₹206 Cr of capital spending, ₹−35.0 Cr was left as free cash.
FY26: operating cash of ₹171 Cr against reported profit of ₹38.0 Cr, leaving free cash of ₹−35.0 Cr after ₹206 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 140% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 140%: the cash cycle tightened 30 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner.
Router verdict: the bigger cash user is investment — capital spending ran 3.1× depreciation over three years, so the next section's job is to check what that build-out is buying.
→ So follow the cash to where it goes. Next: ₹529 Cr of building over 3 years.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Ganesha Ecosphere Ltd's cash conversion cycle runs 127 days in FY26, down from 157 days in FY21. Capital spending ran ₹529 Cr over the last 3 years. At FY26 sales of ₹1,482 Cr each day of that cycle holds about ₹4.1 Cr, so roughly ₹516 Cr sits inside the business at any moment.
FY26: debtors at 49 days, inventory at 111 days — roughly 3.7 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 127 days, tighter than FY21's 157.
The full loop: cash goes out to suppliers and production on day 0; stock waits 111 days to sell; customers pay about 49 days after that; and suppliers themselves are paid at 33 days — netting out to the 127-day cycle.
In money terms: at FY26 sales of ₹1,482 Cr, each day of the cycle holds about ₹4.1 Cr — so the 127-day loop keeps roughly ₹516 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹529 Cr over the last 3 fiscal years against ₹169 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹193 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 5% and the ROIC − WACC spread is −8.7 pp.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Ganesha Ecosphere Ltd earns a ROCE of 5% in FY26. Return on invested capital clears the cost of that capital by −8.7 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 2.6% net margin on 0.74× asset turns.
FY26 ROCE is 5%.
🚨 Why the return is what it is — the wiring (FY26): 2.6% net margin × 0.74× asset turns × 1.57× balance-sheet leverage ≈ 3.0% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.
The capstone test — ROIC − WACC: 3.3% − 12.0% = a −8.7 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.39.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.
Ganesha Ecosphere Ltd carries total debt of ₹496 Cr against shareholder equity of ₹1,276 Cr as of Mar 26, a debt-to-equity of 0.39. On the annual view that ratio went from 0.62 in FY22 to 0.39 in FY26. Read the returns elsewhere on this page with that leverage in mind.
Mar 26: total debt of ₹496 Cr against shareholder equity of ₹1,276 Cr — a debt-to-equity of 0.39. On the annual view, debt-to-equity went from 0.62 (FY22) to 0.39 (FY26). Read the returns on this page with that leverage in mind.
→ Who owns this, and are they adding or leaving? Next: Domestic institutions cut 6.6 points over 8 quarters.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Domestic institutions cut 6.6 points of Ganesha Ecosphere Ltd over 8 quarters, the biggest move on the register. That takes domestic institutions to 15.1% of the company. Promoters moved +2.9 points over the same window, to 39.3%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Domestic institutions: −6.6 points over 8 quarters to 15.1%; Promoters: +2.9 points over 8 quarters to 39.3%; Foreign institutions: +0.6 points over 8 quarters to 10.4%.
🚨 Why the register moved: domestic institutions drove it (−6.6 points), absorbed on the other side by promoters (+2.9 points) — distribution into the market’s bid.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Ganesha Ecosphere Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| Ganesha Ecosphere Ltd this page | 84.8× | ₹3,241 Cr | Mixed | |||
| Gravita India Ltd | 34.6× | ₹13,106 Cr | Mixed | |||
| Jain Resource Recycling Ltd | 33.4× | ₹11,767 Cr | No read | |||
| Pondy Oxides & Chemicals Ltd | 30.3× | ₹4,014 Cr | Improving | |||
| Bhagyanagar India Ltd | 26.2× | ₹1,315 Cr | Improving | |||
| Antony Waste Handling Cell Ltd | 16.3× | ₹1,230 Cr | Mixed | |||
| Eco Recycling Ltd | 42.3× | ₹977 Cr | Turning around | |||
| Eco Recycling Ltd | 38.1× | ₹670 Cr | Mixed | |||
| Namo eWaste Management Ltd | 44.3× | ₹636 Cr | No read | |||
| NILE Ltd | 9.8× | ₹541 Cr | Turning around | |||
| NILE Ltd | 8.6× | ₹441 Cr | Turning around |
Frequently asked questions
What is Ganesha Ecosphere Ltd's share price today?
Ganesha Ecosphere Ltd trades at ₹1,203, −20.4% over the past year. The company is valued at ₹3,241 Cr. The stock sits at 77% of its 52-week range of ₹683–₹1,361, +17.3% versus its 200-day average. On the tape, the price is in a downtrend, 73 weeks in. — as of 24 July 2026.
What were Ganesha Ecosphere Ltd's latest quarterly results?
Ganesha Ecosphere Ltd reported revenue of ₹424 Cr and net profit of ₹23.0 Cr for the Mar 26 quarter. Revenue rose 23.3% and profit fell 4.2% year on year. Earnings per share were ₹8.66. The operating margin was 12.0%, 3.0 pp lower than a year earlier. — as of 24 July 2026.
What is Ganesha Ecosphere Ltd's revenue?
Ganesha Ecosphere Ltd reported revenue of ₹424 Cr in the Mar 26 quarter, +23.3% year on year. For the full FY26 fiscal year, revenue was ₹1,482 Cr (+1.1%). Over the last 6 years revenue compounded at 8.9% a year. — as of 24 July 2026.
What is Ganesha Ecosphere Ltd's profit?
Ganesha Ecosphere Ltd earned ₹23.0 Cr of net profit in the Mar 26 quarter, −4.2% year on year. Full-year FY26 profit was ₹38.0 Cr. The operating margin ran 12.0% in the latest quarter. — as of 24 July 2026.
What is Ganesha Ecosphere Ltd's market cap?
Ganesha Ecosphere Ltd's market capitalisation is ₹3,241 Cr at a share price of ₹1,203. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.
What is Ganesha Ecosphere Ltd's P/E ratio?
Ganesha Ecosphere Ltd trades at a P/E of 84.8×, at the 98th percentile of its own 6-year range, against a long-run median of 32.6×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Does Ganesha Ecosphere Ltd pay a dividend?
Yes — Ganesha Ecosphere Ltd's dividend payout was 25% of profit in FY26, and it recorded a payout in each of its last 7 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.
Is Ganesha Ecosphere Ltd overvalued?
On its own history, Ganesha Ecosphere Ltd looks expensive against its own history: its P/E of 84.8× sits at the 98th percentile of its 6-year range (long-run median 32.6×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.
Is Ganesha Ecosphere Ltd growing?
Not right now — Ganesha Ecosphere Ltd's latest numbers are shrinking: latest-quarter revenue +23.3% year on year, profit −4.2%, and the margin −3.0 pp at 12.0%. The 6-year compound rates are 8.9% (revenue) and −8.3% (profit). The earnings engine currently reads: deteriorating — as of 24 July 2026.
How is Ganesha Ecosphere Ltd performing?
Ganesha Ecosphere Ltd is in a downtrend, 73 weeks in. Its latest quarter's revenue rose 23.3% and profit fell 4.2% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 2 weeks. This describes what the data did, not a rating. — as of 24 July 2026.
What stage is Ganesha Ecosphere Ltd in?
Deteriorating — profit and EPS growth are shrinking (profit growth −62.5% latest against +200.0% at its 12-quarter best), ROCE slipping at 5.7%. The read comes from the last 12 quarters of growth (revenue growth +1.0% latest, profit growth −62.5% latest, eps growth −64.4% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.
Is Ganesha Ecosphere Ltd in an uptrend?
No — the price is in a downtrend (week 73 of stage 4), trading +17.3% versus its 200-day average and at 77% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.
Is Ganesha Ecosphere Ltd beating the market?
On recent form, yes — Ganesha Ecosphere Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 2 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.3 years the stock moved +813% against the NIFTY 500's +274% — ahead of the index over the full window. — as of 24 July 2026.
Will Ganesha Ecosphere Ltd's share price go up?
This page publishes no price forecast for Ganesha Ecosphere Ltd. What it measures instead: the share price is ₹1,203, the price is in a downtrend 73 weeks in. Its P/E of 84.8× sits at the 98th percentile of its own 6-year range. — as of 24 July 2026.
Who owns Ganesha Ecosphere Ltd?
Promoters hold 39.3% of Ganesha Ecosphere Ltd, foreign institutions 10.4%, domestic institutions 15.1% and the public 35.0% (latest quarter). The biggest move on the register over the last two years: Domestic institutions cut 6.6 points over 8 quarters. — as of 24 July 2026.
Does Ganesha Ecosphere Ltd have too much debt?
It is moderate — Ganesha Ecosphere Ltd's debt-to-equity is 0.39, and operating profit covers the interest bill 4×. FY26 borrowings were ₹496 Cr against equity of ₹1,276 Cr. Read the returns on this page with that leverage in mind — as of 24 July 2026.
What is Ganesha Ecosphere Ltd's capex?
Ganesha Ecosphere Ltd spent ₹529 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹206 Cr, with ₹193 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is Ganesha Ecosphere Ltd's cash flow?
Ganesha Ecosphere Ltd generated ₹171 Cr of operating cash flow in FY26 and ₹−35.0 Cr of free cash flow after ₹206 Cr of capital spending. Reported profit that year was ₹38.0 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is Ganesha Ecosphere Ltd's profit real cash?
Yes — over the last 3 fiscal years, 140% of Ganesha Ecosphere Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹171 Cr against reported profit of ₹38.0 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 24 July 2026.
Where is Ganesha Ecosphere Ltd in its business cycle?
Ganesha Ecosphere Ltd's FY26 operating margin was 10.0%, against a 7-year band of 10.0%–14.0%: the low end of its own band, which is where recoveries start when they come. The latest quarter ran 12.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.
What could break the Ganesha Ecosphere Ltd story?
The sharpest disagreement: the price moved −20.4% in a year while annual EPS moved −64.8% — the difference is re-rating, and re-rating has to be repaid with earnings. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.
Is Ganesha Ecosphere Ltd a stock worth studying right now?
This is not investment advice. The machine read: Ganesha Ecosphere Ltd's price has outrun its earnings. −20.4% in a year against EPS −64.8% — the market is paying now for delivery later. The sharpest open question: whether earnings grow into a price that has already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.