52-week range
Price risk
Balance sheet & cash
Was the rally earned?
Earnings helped, the multiple did not.
- Per-share earnings added 20 points, but investors now pay less per rupee of profit (P/E 32.9x to 14.9x), which took 62 points back.
- The share count rose 9%.
What do "pts" mean?
"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.
Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.
Not shown for 3 years and 5 years: earnings were negative at one end, or there is not enough history.
Net profit is trailing twelve months as reported with a 60-day lag.
What is the price implying?
At a P/E of 14.9x, the price would imply about 10.6%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.
Below the ₹1,000 cr market-cap floor used for the lists.
“Implied growth” is what the current price would require under our stated assumptions, not what we expect.
What prices imply across Consumer Non-Durables The market-wide Expectations lists
What changed?
- Oct '26Fell 52% from the Oct 2025 peak to the Oct 2026 low.
- Oct '26Volume reached 34.1x its 50-day median on 2026-10-19; price +8.5% that day.
- Sep '26Debt / equity halved over 12 months to 0.07x.
- Sep '26Share count is up 11.1% over 12 months.
- Jul '26Volume reached 22.6x its 50-day median on 2026-07-31; price +8.7% that day.
- Jun '26FII + DII holding fell 5.3 pts over 2 quarters to 8.4%.
- Feb '26Volume reached 10.0x its 50-day median on 2026-02-17; price +1.7% that day.
Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.
Where price and fundamentals disagree, market-wide Rewind the whole market to any month
Are profits backed by cash?
5 of 5 checks are within range.
Tap a check to see how it is measured.
Other income reliance10%Within range
Other income as a share of pre-tax profit (trailing twelve months): 9.8%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate25%Within range
Median quarterly effective tax rate over about 2.5 years: 25.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion2.06xWithin range
Operating cash flow divided by net profit over the last three fiscal years: 2.06x (cash from operations ₹214 cr, net profit ₹104 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.
Free cash flow4 of 5 yrsWithin range
Fiscal years with positive free cash flow in the last 5: 4. Bands: at least 80% of years, 40% to 80%, below 40%.
Receivable days vs history—Not enough data
Not enough reported data to compute this.
Capital work in progress2% of fixed assetsWithin range
Capital work-in-progress is 2% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days—Not enough data
Not enough reported data to compute this.
How to read this
Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.
Who has been buying and selling?
- Since Sep 2025, FIIs trimmed 5.9 pts; promoters added 1.6 pts.
- The number of shareholders fell from 67,127 to 46,230 (-31%) between Sep 2025 and Jun 2026.
Holdings, Jun '26
How each group changed
Number of shareholders
Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.
How rough has the ride been?
Monthly share price
Last 90 trading days
Drawdown from peak
Largest drawdowns
-52.4% (2025-10 peak to 2026-10 low, not yet recovered)
Most recent volume spikes
2026-10-19: 34.1x the 50-day median, price +8.5% that day
2026-10-08: 6.4x the 50-day median, price -5.2% that day
2026-10-07: 6.6x the 50-day median, price +9.2% that day
Where does it rank among Consumer Non-Durables peers?
Each cell is the company's percentile rank among its Consumer Non-Durables peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).
Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.
The Consumer Non-Durables sector page Watch it move against Consumer Non-Durables in the Observatory
What else looks like this?
Companies with the most similar financial profile today, regardless of industry.
| Company | Sector | Similarity | Closest on |
|---|---|---|---|
| ECOS IND MOBandHOSPITALITY (ECOSMOBLTY) | Consumer Services | 71% | revenue, market cap |
| INDIA PESTICIDES (IPL) | Process Industries | 69% | promoter holding, revenue |
| AMINES & PLASTICIZERS (AMNPLST) | Process Industries | 66% | debt/equity, market cap |
| MANGAL ELECTRIC INDUSTRIES (MEIL) | Producer Manufacturing | 64% | market cap, debt/equity |
| M AND B ENGINEERING (MBEL) | Producer Manufacturing | 63% | operating margin, P/E |
| ASSOCIATED ALCOHOLS & BREWERIE (ASALCBR) | Consumer Non-Durables | 79% | operating margin, ROCE |
| LINC (LINC) | Consumer Non-Durables | 77% | ROCE, market cap |
| SHRI AHIMSA NATURALS (SHRIAHIMSA) | Consumer Non-Durables | 44% | volatility, debt/equity |
Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like GANESH CONSUMER PRODUCTS LIMIT today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
- Over the following 12 months the middle half of them returned −18% to +47% vs the market, against −6% for all non-financial companies in the same months.
- The analogs' median sat above that base rate (gap +21.6%, 80% range +1.8% to +29.0%), but the matches cluster in only 6 distinct 12-month windows.
Where the 50 outcomes landed
Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 6 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 32 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| HERITGFOOD Consumer Non-Durables |
Sep 2022 | 16x | 21% | −27% | −38% | +17% |
| FAIRCHEMOR Process Industries |
Oct 2024 | 27x | 19% | −9% | −35% | −26% |
| AVTNPL Consumer Non-Durables |
Dec 2024 | 25x | 16% | −18% | −32% | −17% |
| LINC Consumer Non-Durables |
Apr 2025 | 17x | — | −31% | −45% | −12% |
| INSECTICID Process Industries |
May 2023 | 12x | 16% | −15% | −41% | −17% |
Show the other 3 matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| PRECWIRE Producer Manufacturing |
Mar 2020 | 9x | 17% | −66% | −68% | +58% |
| PLASTIBLEN Process Industries |
May 2022 | 14x | 16% | −20% | −35% | −16% |
| AMBIKCO Process Industries |
Apr 2021 | 9x | 14% | +30% | −23% | +102% |
How reliable is this?
Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: drawdown from 12-month high, 12-month momentum and P/E. One match per company and at most 7 from any one month.
Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.
Monthly history (14 months)
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-10 | 14.9x | ₹858 cr | 12.2% | 19.0% | 0.1x |
| 2026-09 | 13.5x | ₹858 cr | 12.4% | 19.0% | 0.1x |
| 2026-08 | 15.9x | ₹872 cr | 11.6% | 19.0% | 0.1x |
| 2026-07 | 16.6x | ₹872 cr | 11.6% | 19.0% | 0.1x |
| 2026-06 | 17.9x | ₹872 cr | 11.6% | 19.0% | 0.1x |
| 2026-05 | 20.4x | ₹874 cr | 16.8% | 19.0% | 0.3x |
| 2026-04 | 20.2x | ₹874 cr | 16.8% | 19.0% | 0.3x |
| 2026-03 | 17.7x | ₹874 cr | 16.8% | 19.0% | 0.3x |
| 2026-02 | 20.1x | ₹880 cr | 15.0% | 19.0% | 0.3x |
| 2026-01 | 22.1x | ₹880 cr | 15.0% | 19.0% | 0.3x |
| 2025-12 | 25.9x | ₹880 cr | 15.0% | 19.0% | 0.3x |
| 2025-11 | 31.6x | ₹864 cr | 14.2% | 19.0% | 0.3x |
| 2025-10 | 32.9x | ₹864 cr | 14.2% | 19.0% | 0.3x |
| 2025-09 | 33.0x | ₹864 cr | 14.2% | 19.0% | 0.3x |