GANECOS
Ganesha Ecosphere share price & financials
- Price
- ₹927.55
- Market cap
- ₹2.8k Cr
- Sector
- Textiles
- Calls analysed
- 8
Ganesha Ecosphere Limited Q1 FY27
What went well
- Consolidated EBITDA of INR 59.8 crores, up 14.2% QoQ, demonstrating strong operational performance.
- Consolidated PAT of INR 29.03 crores, up 25.1% QoQ, indicating improved profitability.
- EBITDA margins expanded to 14.1% from 12.4% QoQ, and PAT margins improved by 138 basis points.
What to watch
- Consolidated sales volume dropped 11.2% QoQ, and standalone sales volume declined 13.4% QoQ.
- Other income decreased significantly to INR 3.52 crores from INR 9.86 crores QoQ due to conversion of subsidiary loans to equity.
What Ganesha Ecosphere Limited does
Ganesha Ecosphere recycles post-consumer PET bottle waste into recycled polyester staple fibre (RPSF), rPET granules/chips, rPET filament yarn, dyed yarn and recycled spun yarn, sold to textile, packaging and F&B customers. It runs a pan-India collection network that sources scrap PET bottles from waste-pickers and aggregators, washes and shreds them into flakes, then processes the flakes through in-house extrusion lines into fibre, yarn and chip products. Operations are organised under the parent company plus wholly-owned subsidiaries Ganesha Ecopet, Ganesha Ecotech and Ganesha Overseas, which run the Warangal and Nepal facilities. Newer rPET chip and filament-yarn products are sold under the GoRewise brand to food-grade packaging and sustainability-focused apparel/textile brands.
Segments
- Flagship operations (Kanpur, Bilaspur & Temra)
- Warangal operations (Ganesha Ecopet)
- Nepal operations (Ganesha Overseas)
- Manufacturing facilities
- 6 (Kanpur, Rudrapur, Bilaspur, Temra, Warangal, Nepal)
- Total installed capacity
- 218,940 TPA across RPSF, rPET granules, rPET filament yarn, spun yarn, dyed filament yarn, PPSF and washed flakes
- Employees
- 2,800+
- Customers
- 400+ across 16+ countries
- Supplier network
- 300+ suppliers pan-India
- Product variants
- 500+
Guidance record · Q1 FY27
what the last two calls moved 24 tracked 2 delivered 7 missed 15 open- Warangal Brownfield Expansion Start delivered, diluted said Q3 FY25 Promised: By end of calendar year 2025 Q1 FY27: Promise was achieved (with dilution) in Q4 FY26. No further updates.
- Consolidated Revenue missed said Q3 FY25 Promised: INR 1,800-1,900 crores for FY26 Q1 FY27: FY26 is complete. The promise was definitively missed.
- Total Sales Volume at risk said Q4 FY26 Promised: 180,000-200,000 tons for FY27 Q1 FY27: Q1 consolidated sales volume declined 11.2% QoQ to ~40,104 tons, putting the run-rate below the annual target. Management attributes this to a temporary deferral of purchases and expects a revival.
All 24 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 25.8%, net profit up 163.6% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 387 | 398 | 344 | 337 | 363 −6% | 357 −10% | 424 +23% | 424 +26% |
| EBITDA | 55 | 57 | 51 | 36 | 22 −60% | 31 −46% | 52 +2% | 60 +67% |
| Net profit | 27 | 30 | 24 | 11 | 0 −100% | 5 −83% | 23 −4% | 29 +164% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −23.6% 1Y
1Y: ₹1,325.8 on 10 Sept 2025 → ₹1,013.3. High ₹1,336.7 (11 Sept 2025), low ₹669.85 (29 Jan 2026).
How the price took the results
close before → close after
- Q1 FY27
- −2.6%
- 4 Aug
- Q4 FY26
- −8.9%
- 22 May
- Q3 FY26
- +20.0%
- 9 Feb
- Q2 FY26
- +1.4%
- 12 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 7.9% a year over 3 years, FY23 to FY26. Operating margin narrowed to 9.5%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹1.2k Cr | ₹1.1k Cr | ₹1.5k Cr | ₹1.5k Cr |
| Operating profit | ₹128 Cr | ₹138 Cr | ₹211 Cr | ₹141 Cr |
| Operating margin | 10.8% | 12.3% | 14.4% | 9.5% |
| Interest | ₹18 Cr | ₹45 Cr | ₹39 Cr | ₹40 Cr |
| Depreciation | ₹30 Cr | ₹48 Cr | ₹55 Cr | ₹65 Cr |
| Net profit | ₹69 Cr | ₹41 Cr | ₹104 Cr | ₹39 Cr |
| Net margin | 5.8% | 3.7% | 7.1% | 2.6% |
| Cash from operations | ₹20 Cr | ₹43 Cr | ₹41 Cr | ₹171 Cr |
| Free cash flow | ₹-166 Cr | ₹-112 Cr | ₹-166 Cr | ₹-4 Cr |
| ROCE | 11.0% | 8.0% | 11.0% | 6.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹22 Cr | ₹22 Cr | ₹22 Cr | ₹25 Cr | ₹27 Cr | ₹27 Cr |
| Reserves | ₹495 Cr | ₹552 Cr | ₹616 Cr | ₹1.0k Cr | ₹1.2k Cr | ₹1.2k Cr |
| Borrowings | ₹127 Cr | ₹358 Cr | ₹505 Cr | ₹399 Cr | ₹545 Cr | ₹496 Cr |
| Other liabilities | ₹103 Cr | ₹163 Cr | ₹179 Cr | ₹173 Cr | ₹226 Cr | ₹232 Cr |
| Total liabilities | ₹747 Cr | ₹1.1k Cr | ₹1.3k Cr | ₹1.6k Cr | ₹2.0k Cr | ₹2.0k Cr |
| Fixed assets | ₹311 Cr | ₹300 Cr | ₹523 Cr | ₹780 Cr | ₹915 Cr | ₹925 Cr |
| Capital work in progress | ₹17 Cr | ₹276 Cr | ₹235 Cr | ₹71 Cr | ₹115 Cr | ₹193 Cr |
| Investments | ₹72 Cr | ₹69 Cr | ₹55 Cr | ₹33 Cr | ₹37 Cr | ₹26 Cr |
| Other assets | ₹346 Cr | ₹449 Cr | ₹510 Cr | ₹739 Cr | ₹967 Cr | ₹860 Cr |
| Total assets | ₹747 Cr | ₹1.1k Cr | ₹1.3k Cr | ₹1.6k Cr | ₹2.0k Cr | ₹2.0k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, DIIs trimmed −7.82 pp while the public added +3.33 pp. The shareholder count shrank 5% to 58,781.
- Promoters
- 39.3%
- FIIs
- 10.4%
- DIIs
- 15.1%
- Public
- 35.0%
- Others
- 0.2%
Since Jun 2025
- DIIs −7.82 pp
- Public +3.33 pp
- Promoters +3.19 pp
How it drifted, 12 quarters
Over this window FIIs went from 1.7% to 10.4% — +8.7 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 42.3%, FIIs 1.7%, DIIs 19.8%, Public 36.1%, Others 0.2%.Dec '23: Promoters 42.3%, FIIs 0.9%, DIIs 19.9%, Public 36.7%, Others 0.2%.Mar '24: Promoters 36.4%, FIIs 9.9%, DIIs 21.3%, Public 32.2%, Others 0.1%.Jun '24: Promoters 36.4%, FIIs 9.8%, DIIs 21.6%, Public 32.0%, Others 0.1%.Sep '24: Promoters 35.9%, FIIs 10.3%, DIIs 22.7%, Public 31.0%, Others 0.1%.Dec '24: Promoters 35.9%, FIIs 12.1%, DIIs 21.9%, Public 29.9%, Others 0.1%.Mar '25: Promoters 36.1%, FIIs 10.4%, DIIs 22.2%, Public 31.2%, Others 0.1%.Jun '25: Promoters 36.1%, FIIs 9.2%, DIIs 22.9%, Public 31.7%, Others 0.1%.Sep '25: Promoters 39.3%, FIIs 8.8%, DIIs 22.9%, Public 28.8%, Others 0.2%.Dec '25: Promoters 39.3%, FIIs 7.2%, DIIs 21.9%, Public 31.5%, Others 0.1%.Mar '26: Promoters 39.3%, FIIs 8.9%, DIIs 19.4%, Public 32.1%, Others 0.2%.Jun '26: Promoters 39.3%, FIIs 10.4%, DIIs 15.1%, Public 35.0%, Others 0.2%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- India Capital Fund Limited FPI fund +1.82 pp 5.07% held
- Mirae Asset Multicap Fund Mutual fund newly disclosed 1.46% held
- Bank Of India Manufacturing & Infrastructure Fund Mutual fund newly disclosed 1.44% held
- Tata Mutual Fund Mutual fund +0.52 pp 3.61% held
The same filing shows 2 holders trimming and 4 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Ganesha Ecosphere Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Gpl Finance Ltd | 13.67% | unchanged |
| Shyam Sunder Sharmma | 6.69% | unchanged |
| SBI Mutual Fund Mutual fund | 5.88% | −2.91 pp |
| India Capital Fund Limited FPI fund | 5.07% | +1.82 pp |
| Rajesh Sharma | 4.09% | unchanged |
| Tata Mutual Fund Mutual fund | 3.61% | +0.52 pp |
| Sharad Sharma | 3.27% | unchanged |
| Goldman Sachs Funds - Goldman Sachs India Equity Portfolio Global fund house | 2.84% | unchanged |
| Vishnu Dutt Khandelwal | 2.69% | unchanged |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs - 2 | 2.33% | −0.07 pp |
| Vimal Sharma | 1.84% | unchanged |
| Sangeeta Pareekh | 1.69% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in GANECOS
Filings to Aug 2026
0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).
- Held by funds
- ₹161 Cr
- 4 schemes
- Biggest holder
- SBI Large and Midcap Fund
- ₹88 Cr · 0.2% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| SBI Large and Midcap Fund SBI Mutual Fund | ₹88 Cr | held | Aug '21 |
| SBI Consumption Opportunities Fund SBI Mutual Fund | ₹56 Cr | held | Aug '21 |
| SBI Conservative Hybrid Fund SBI Mutual Fund | ₹16 Cr | held | Nov '25 |
| SBI Children's Fund - Savings Plan (Erstwhile known as SBI Magnum Children's Benefit Fund-Svg P) SBI Mutual Fund | ₹1 Cr | held | Feb '24 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
0 added, 0 trimmed — net 0 shares (+0.0%)
- Funds are sitting on
- +33%
- vs est. average cost
- Held by funds
- ₹161 Cr
- 4 schemes · ≈ 5.2% of the company
- Biggest holder
- SBI Large and Midcap Fund
- ₹88 Cr · 0.2% of that fund
Shares held by these funds +13%
Aug '23 15.74 L shares Jul '26
All earnings calls (8)
Read the Q1 FY27 call →Learn to analyse Ganesha Ecosphere Limited
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