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GANESH GREEN BHARAT LTD. 2023-24 Annual Report Analysis

Tue, 16 Jul

GANESH GREEN BHARAT LTD. has announced its results for the year ended March 2024. Let us have a look at the detailed performance review of the company during FY23-24.

GANESH GREEN BHARAT LTD. Income Statement Analysis

• Operating income during the year rose 88.7% on a year-on-year (YoY) basis.
• The company's operating profit increased by 153.0% YoY during the fiscal. Operating profit margins witnessed a fall and down at 20.8% in FY24 as against 15.5% in FY23.
• Depreciation charges increased by 340.7% and finance costs increased by 110.0% YoY, respectively.
• Other income grew by 353.3% YoY.
• Net profit for the year grew by 167.7% YoY.
• Net profit margins during the year grew from 9.0% in FY23 to 12.8% in FY24.

GANESH GREEN BHARAT LTD. Income Statement 2023-24

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Net Sales	Rs m	902	1,702	88.7%
Other income	Rs m	4	18	353.3%
Total Revenues	Rs m	906	1,720	89.8%
Gross profit	Rs m	140	353	153.0%
Depreciation	Rs m	8	34	340.7%
Interest	Rs m	26	54	110.0%
Profit before tax	Rs m	110	284	157.2%
Tax	Rs m	29	65	127.5%
Profit after tax	Rs m	82	218	167.7%
Gross profit margin	%	15.5	20.8
Effective tax rate	%	26.1	23.0
Net profit margin	%	9.0	12.8

For Investors: Our Big Prediction

GANESH GREEN BHARAT LTD. Balance Sheet Analysis

• The company's current liabilities during FY24 stood at Rs 629 million as compared to Rs 428 million in FY23, thereby witnessing an increase of 47.0%.
• Long-term debt stood at Rs 285 million as compared to Rs 98 million during FY23, a growth of 190.7%.
• Current assets rose 51% and stood at Rs 1 billion, while fixed assets rose 228% and stood at Rs 319 million in FY24.
• Overall, the total assets and liabilities for FY24 stood at Rs 2 billion as against Rs 877 million during FY23, thereby witnessing a growth of 71%.

GANESH GREEN BHARAT LTD. Balance Sheet as on March 2024

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Networth	Rs m	352	573	62.6
Current Liabilities	Rs m	428	629	47.0
Long-term Debt	Rs m	98	285	190.7
Total Liabilities	Rs m	877	1,500	71.1
Current assets	Rs m	780	1,181	51.4
Fixed Assets	Rs m	97	319	228.5
Total Assets	Rs m	877	1,500	71.1

GANESH GREEN BHARAT LTD. Cash Flow Statement Analysis

• GANESH GREEN BHARAT LTD.'s cash flow from operating activities (CFO) during FY24 stood at Rs 2 million on a YoY basis.
• Cash flow from investing activities (CFI) during FY24 stood at Rs -97 million, an improvement of 2,799.7% on a YoY basis.
• Cash flow from financial activities (CFF) during FY24 stood at Rs 96 million, an improvement of 266% on a YoY basis.
• Overall, net cash flows for the company during FY24 stood at Rs 2 million from the Rs -1 million net cash flows seen during FY23.

GANESH GREEN BHARAT LTD. Cash Flow Statement 2023-24

Particulars	No. of months	12	12	% Change
	Year Ending	Mar-23	Mar-24
Cash Flow from Operating Activities	Rs m	-24	2	-
Cash Flow from Investing Activities	Rs m	-3	-97	-
Cash Flow from Financing Activities	Rs m	26	96	265.7%
Net Cash Flow	Rs m	-1	2	-

Current Valuations for GANESH GREEN BHARAT LTD.

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 12.0, an decline from the EPS of Rs 68.0 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 417.9, stands at 47.5 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 18.1 times, while the price to sales ratio stands at 4.5 times.
• The company's price to cash flow (P/CF) ratio stood at 41.1 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*
Sales per share (Unadj.)	Rs	751.7	93.4
TTM Earnings per share	Rs	68.0	12.0
Diluted earnings per share	Rs	3.3	8.8
Price to Cash Flow	x	0.0	41.1
TTM P/E ratio	x	0.0	47.5
Price / Book Value ratio	x	0.0	0.0
Market Cap	Rs m	0	10,364
Dividends per share (Unadj.)	Rs	0.0	0.0

Ratio Analysis for GANESH GREEN BHARAT LTD.

• Solvency Ratios

Current Ratio: The company's current ratio improved and stood at 1.9x during FY24, from 1.8x during FY23. The current ratio measures the company's ability to pay short-term and long-term obligations.

Interest Coverage Ratio: The company's interest coverage ratio improved and stood at 6.3x during FY24, from 5.3x during FY23. The interest coverage ratio of a company states how easily a company can pay its interest expense on outstanding debt. A higher ratio is preferable.

• Profitability Ratios

Return on Equity (ROE): The ROE for the company improved and stood at 38.1% during FY24, from 23.2% during FY24. The ROE measures the ability of a firm to generate profits from its shareholders capital in the company.

Return on Capital Employed (ROCE): The ROCE for the company improved and stood at 39.3% during FY24, from 30.2% during FY23. The ROCE measures the ability of a firm to generate profits from its total capital (shareholder capital plus debt capital) employed in the company.

Return on Assets (ROA): The ROA of the company improved and stood at 18.1% during FY24, from 12.2% during FY23. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*
Current ratio	x	1.8	1.9
Debtors’ Days	Days	808	866
Interest coverage	x	5.3	6.3
Debt to equity ratio	x	0.3	0.5
Return on assets	%	12.2	18.1
Return on equity	%	23.2	38.1
Return on capital employed	%	30.2	39.3

To see how GANESH GREEN BHARAT LTD. has performed over the last 5 years, please visit here.

GANESH GREEN BHARAT LTD. Share Price Performance

Over the last one year, GANESH GREEN BHARAT LTD. share price has moved down from Rs 0.0 to Rs 0.0, registering a loss of Rs 0.0 or around 0.0%.

Overall, the NIFTY 50 is up 0.1% over the year.

(To know more, check out historical annual results for GANESH GREEN BHARAT LTD. and quarterly results for GANESH GREEN BHARAT LTD.)