Ganesha Ecosphere Limited (GANECOS.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-158.8%

-₹540.93

vs ₹920.00 price

Levered DCF

-₹511.53

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	58.75×	38.46×	55.72×	26.54×	25.6×	29.57×	5.64×	12.85×
P/B	1.76×	3.45×	2.15×	2.89×	2.77×	2.49×	0.75×	1.9×
P/S	1.52×	2.71×	2.01×	1.56×	1.56×	1.72×	0.41×	0.78×
EV / EBITDA	16.46×	20.9×	18.95×	16.62×	15.91×	15.12×	3.79×	6.63×
Gross margin	14.4%	29.3%	38.5%	25.5%	22.5%	23.4%	24.4%	22.5%
Operating margin	5.2%	23.3%	31.7%	8.6%	8.0%	7.5%	9.5%	10.5%
Net margin	2.6%	7.0%	3.6%	5.9%	6.1%	5.8%	7.2%	6.1%
Current ratio	2.62×	2.52×	4.64×	1.58×	1.89×	2.32×	3.23×	2.73×
Debt / equity	0.39×	0.48×	0.38×	0.79×	0.62×	0.25×	0.19×	0.25×
Interest coverage	1.91×	8.96×	7.92×	5.99×	8.35×	6.83×	11.44×	10.53×
Dividend yield	0.4%	0.3%	0.2%	0.2%	0.3%	0.3%	1.5%	0.4%
Payout ratio	21.0%	11.0%	10.7%	6.3%	7.0%	10.0%	8.3%	5.3%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	3.0%	9.0%	3.9%	10.9%	10.8%	8.4%	13.3%	14.8%
Return on invested capital	2.9%	14.5%	16.4%	6.3%	6.3%	6.3%	10.8%	12.4%
Return on assets	1.9%	5.3%	2.5%	5.3%	5.7%	5.8%	9.6%	10.1%
Free cash flow yield	-1.5%	-4.2%	-5.0%	-10.0%	-13.4%	-2.5%	13.5%	7.1%
Earnings yield	1.7%	2.6%	1.8%	3.8%	3.9%	3.4%	17.7%	7.8%
Enterprise value	₹26.2B	₹44B	₹26.2B	₹23.4B	₹19.2B	₹14.1B	₹4.5B	₹8.8B
Net debt / EBITDA	2.35×	2.06×	2.57×	3.55×	2.78×	1.33×	0.76×	0.66×
Cash conversion cycle (days)	115	140	165	130	117	139	101	80