Ganesh Green (GGBL)

FairStock Score: 63/100 — STEADY

Score breakdown: P/E: 2/3 · ROCE: 2/2 · Growth: 2/2 · Dividend: 0/1

Key Financials

Strengths

• Sales growth of 147.48% and profit growth of 151.57% show exceptional near-term momentum
• ROCE of 25.22% indicates efficient capital deployment
• Piotroski F-Score 7/9 points to solid fundamentals despite limited disclosures
• P/E of 12.94 with PEG of 0.09 offers statistically cheap growth if earnings are repeatable
• Promoter holding of 73.42% aligns management interests with minority shareholders

Concerns

• Critical balance-sheet data missing: P/B, book value, ROE and debt/equity are all unavailable
• Latest quarter profit of ₹33 Cr appears inconsistent with the stated P/E of 12.94; annualised earnings need clarification
• Zero dividend yield means no income support while waiting for value to be recognised
• Price fell from ₹480.95 to ₹315.65 in 52 weeks; small-cap volatility and FairStock score of 60/100 warrant caution

AI Analysis

Ganesh Green is the kind of name that gets the adrenaline going, but I’ve learned to keep my cheque book in my pocket when excitement replaces evidence. Look at the numbers: sales jumped to ₹341 Cr in the latest quarter, profit ₹33 Cr; annual sales growth 147.48% and profit growth 151.57%. A trailing P/E of 12.94 with that growth gives a PEG of 0.09, which is almost too cheap to be true. ROCE of 25.22% is genuinely impressive, and a Piotroski score of 7/9 tells me the business isn't obviously deteriorating. Promoter holding of 73.42% aligns owners with shareholders. But here’s where Graham would slow me down. I have no book value, no ROE, no debt-to-equity ratio. I cannot judge the balance sheet, and in a small-cap with a market cap of only ₹647 Cr, that is a cardinal sin. The latest quarter also creates a puzzle: if profit is ₹33 Cr in one quarter, why does the P/E say full-year earnings are only around ₹50 Cr? I need to understand seasonality, one-time gains, and whether that ₹33 Cr repeats. The stock has traded between ₹215 and ₹481 in the past year; sitting near ₹315.65 after falling from the top is not proof of a bargain. No dividend means I receive nothing while waiting for Mr. Market to wake up. And FairStock’s 60/100 'steady' score, not 'excellent', doesn’t give me a margin of safety. I would not reject Ganesh Green; I would put it on the watchlist. But in the absence of full disclosures, I cannot call this a wonderful business at an obvious discount. I prefer to be certain, not hopeful.

Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer