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Ganga Papers India (BSE 531813)₹85.79+0.28%Paper & Paper Products
In the Mar 2026 quarter (standalone), Ganga Papers India reported sales of ₹76.32 Cr, up 18.7% from Mar 2025, and net profit of ₹0.75 Cr, up 25.0% year on year. For the year to Mar 2026, sales were ₹281 Cr and net profit ₹1.99 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 62.35 | 57.06 | 64.13 | 62.55 | 65.94 | 57.50 | 70.64 | 64.28 | 62.50 | 70.73 | 71.35 | 76.32 |
| Expenses | 60.29 | 55.21 | 62.21 | 60.42 | 64.08 | 55.69 | 68.98 | 62.31 | 60.61 | 68.62 | 69.27 | 73.39 |
| Operating Profit | 1.67 | 1.55 | 1.62 | 1.83 | 1.44 | 1.47 | 1.26 | 1.74 | 1.60 | 1.75 | 1.66 | 2.50 |
| OPM % | 2.7% | 2.8% | 2.6% | 3.0% | 2.2% | 2.6% | 1.8% | 2.7% | 2.6% | 2.5% | 2.4% | 3.3% |
| Other Income | 0.05 | 0.11 | 0.05 | 0.15 | 0.04 | 0.04 | 0.04 | 0.29 | 0.03 | 0.04 | 0.00 | 0.13 |
| Interest | 0.74 | 0.70 | 0.68 | 0.62 | 0.50 | 0.57 | 0.29 | 0.67 | 0.62 | 0.79 | 0.67 | 0.99 |
| Depreciation | 0.55 | 0.55 | 0.55 | 0.55 | 0.54 | 0.54 | 0.54 | 0.54 | 0.58 | 0.58 | 0.58 | 0.59 |
| Profit before tax | 0.42 | 0.40 | 0.43 | 0.80 | 0.43 | 0.39 | 0.46 | 0.81 | 0.42 | 0.41 | 0.41 | 1.04 |
| Tax % | 24.4% | 30.8% | 26.2% | 25.4% | 26.2% | 10.5% | 35.6% | 22.5% | 24.4% | 27.5% | 47.5% | 25.3% |
| Net Profit | 0.30 | 0.26 | 0.30 | 0.58 | 0.30 | 0.33 | 0.27 | 0.60 | 0.30 | 0.30 | 0.21 | 0.75 |
| EPS (Rs) | 0.28 | 0.24 | 0.28 | 0.54 | 0.28 | 0.31 | 0.25 | 0.56 | 0.28 | 0.28 | 0.19 | 0.69 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 74.22 | 81.23 | 102 | 132 | 140 | 177 | 283 | 298 | 247 | 257 | 281 | 281 |
| Expenses | 70.82 | 76.83 | 97.83 | 126 | 133 | 168 | 270 | 287 | 238 | 251 | 272 | 272 |
| Operating Profit | 2.99 | 3.99 | 3.99 | 5.98 | 6.98 | 7.98 | 11.97 | 8.97 | 6.98 | 5.99 | 7.98 | 7.51 |
| OPM % | 4.5% | 4.7% | 3.8% | 4.9% | 4.9% | 4.5% | 4.1% | 3.1% | 2.7% | 2.4% | 2.7% | 2.7% |
| Other Income | 0.00 | 0.00 | 0.00 | 1.01 | 1.01 | 2.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.20 |
| Interest | 1.99 | 1.99 | 1.99 | 2.99 | 2.99 | 1.99 | 2.99 | 2.99 | 2.99 | 1.99 | 2.99 | 3.07 |
| Depreciation | 0.99 | 0.99 | 0.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 2.33 |
| Profit before tax | 1.01 | 1.01 | 2.01 | 2.01 | 2.01 | 6.02 | 7.03 | 4.01 | 2.01 | 2.01 | 2.01 | 2.28 |
| Tax % | 9.0% | −35.0% | 3.0% | 19.0% | 11.0% | 25.1% | 26.0% | 27.0% | 26.0% | 25.0% | 29.0% | — |
| Exceptional items | 0.00 | 0.00 | −0.14 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Net Profit | 0.99 | 1.99 | 0.99 | 1.99 | 1.99 | 3.99 | 4.99 | 2.99 | 0.99 | 1.99 | 1.99 | 1.56 |
| EPS (Rs) | 0.97 | 1.60 | 1.37 | 1.51 | 1.71 | 3.82 | 4.96 | 3.00 | 1.36 | 1.43 | 1.47 | 1.44 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| 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 | 11.00 | 11.00 | 11.01 | 11.02 | 11.00 | 11.00 | 11.00 | 10.98 | 10.99 | 10.98 | 11.00 | 10.99 |
| Reserves | −3.99 | −2.99 | −0.99 | 1.00 | 1.99 | 4.00 | 8.00 | 13.99 | 16.99 | 17.99 | 19.99 | 20.98 |
| Borrowings | 22.96 | 18.97 | 23.99 | 32.01 | 36.94 | 36.94 | 38.93 | 40.90 | 43.92 | 36.88 | 34.89 | 43.88 |
| Other Liabilities | 7.04 | 10.05 | 9.04 | 9.04 | 13.07 | 15.07 | 25.12 | 29.05 | 22.10 | 17.08 | 20.09 | 24.10 |
| Total Liabilities | 37.01 | 37.03 | 43.05 | 52.07 | 63.00 | 67.01 | 83.05 | 94.92 | 94.00 | 83.93 | 85.97 | 99.95 |
| Fixed Assets | 8.99 | 8.01 | 8.01 | 6.99 | 27.99 | 27.99 | 25.02 | 22.98 | 22.01 | 19.99 | 25.01 | 23.01 |
| CWIP | 2.01 | 3.01 | 7.03 | 22.07 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 26.01 | 26.01 | 29.01 | 23.01 | 35.01 | 40.02 | 57.03 | 71.94 | 71.99 | 62.94 | 60.96 | 76.94 |
| Inventories | 12.23 | 14.47 | 13.61 | 9.65 | 10.21 | 10.68 | 4.48 | 14.18 | 23.37 | 19.38 | 16.64 | 24.48 |
| Trade receivables | 6.37 | 7.85 | 9.60 | 7.91 | 17.27 | 16.38 | 33.43 | 32.68 | 37.90 | 36.12 | 38.95 | 41.38 |
| Cash & equivalents | 3.37 | 0.04 | 0.17 | 0.18 | 0.21 | 4.16 | 6.72 | 9.53 | 2.44 | 1.56 | 0.96 | 5.30 |
| Total Assets | 37.01 | 37.03 | 43.05 | 52.07 | 63.00 | 67.01 | 83.05 | 94.92 | 94.00 | 83.93 | 85.97 | 99.95 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 0.99 | 1.99 | 1.99 | 7.99 | 0.00 | 6.99 | 0.99 | 1.99 | −6.99 | 8.98 | 7.99 | −1.99 |
| Cash from investing activity | 0.00 | 0.00 | −5.01 | −14.03 | −2.01 | −1.01 | 0.00 | 0.00 | 0.00 | 0.00 | −7.01 | 0.00 |
| Cash from financing activity | −1.01 | −5.01 | 3.01 | 7.01 | 2.01 | −2.01 | 0.00 | 0.00 | 0.99 | −10.01 | −2.99 | 6.01 |
| Net cash flow | 0.00 | −3.01 | 0.00 | 0.00 | 0.00 | 4.01 | 1.01 | 2.01 | −6.01 | −1.01 | −3.01 | 4.01 |
| Capex | 0.37 | 0.21 | 0.32 | 0.39 | 0.93 | 1.46 | 0.00 | 0.02 | 1.37 | 0.00 | 6.77 | 7.96 |
| Free cash flow | 1.01 | 0.00 | −1.01 | −8.03 | −1.01 | 6.02 | 1.01 | 2.01 | −8.02 | 9.03 | 1.01 | −3.01 |
| CFO / OP % | 47.1% | 59.1% | 63.1% | 196.1% | 1.0% | 109.1% | 20.1% | 23.1% | −48.9% | 146.1% | 134.1% | −15.9% |
| 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 | 31 | 39 | 43 | 28 | 48 | 43 | 69 | 42 | 46 | 54 | 55 | 54 |
| Inventory days | 84 | 104 | 89 | 54 | 50 | 50 | 15 | 26 | 41 | 40 | 34 | 41 |
| Days payable | 33 | 56 | 48 | 37 | 45 | 49 | 50 | 28 | 24 | 21 | 25 | 26 |
| Cash conversion cycle | 80 | 85 | 82 | 42 | 50 | 42 | 32 | 39 | 61 | 71 | 62 | 68 |
| Working capital days | −8 | 0 | 4 | −9 | 0 | −7 | 7 | 7 | 7 | 13 | 8 | 12 |
| ROCE % | 10.0% | 10.0% | 9.9% | 9.0% | 10.9% | 11.0% | 13.9% | 16.0% | 10.0% | 7.0% | 6.0% | 8.0% |
For the Mar 2026 quarter, Ganga Papers India reported sales of ₹76.32 Cr, up 18.7% year on year and net profit of ₹0.75 Cr, up 25.0% year on year. The operating margin was 3.3%.
Ganga Papers India's sales for the year to Mar 2026 were ₹281 Cr; over the last twelve months they were ₹281 Cr.
Net profit for the year to Mar 2026 was ₹1.99 Cr, and ₹1.56 Cr over the last twelve months. Earnings per share over the same trailing period were ₹1.44.
Ganga Papers India reported borrowings of ₹43.88 Cr at Mar 2026, against cash and equivalents of ₹5.30 Cr.
Cash from operations was −₹1.99 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹3.01 Cr.