Ganon Products Ltd

GANONPRO

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Market Cap

₹ 15 Cr

P/E

84.21

Turned 1 L into 4.76 L in last 3 Years

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Investment Checklist

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Performance

MARKET LEADER

Valuation

OVERVALUED

Growth

EXCEPTIONAL

Profitability

MODERATE MARGIN

Technicals

Bullish

Risk

MODERATE RISK

Investment Checklist

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Price

PE Ratio

Price

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Overview

Detailed Summary

Ganon Products Limited is a trading company involved mainly in commodities such as cotton, fabrics, iron & steels, metals, thermal, and coal. It operates both domestically and internationally, sourcing materials from local and foreign suppliers for wholesale trading.

The company underwent significant management changes in 2011-12, with Krishnamani Holdings Private Limited acquiring 25.25% of equity. This ownership change led to a complete overhaul of its board of directors.

Ganon Products has a longstanding history, having been established in 1985, and it has evolved its business model to focus predominantly on wholesale trading across various commodity segments.

There are no current indicators or strategic shifts towards any of the thematic or strategic discovery buckets, and the company's focus remains on its existing trading operations.

Sector

Trading

Industry

Trading - Medium / Small

Market Cap

15 Cr

Volatility

Low Risk

P/E Ratio

84.2

Industry P/E

35.9

PEG Ratio

1.9

P/B Ratio

1.3

52W High

17.39

52W Low

5.57

Sales CAGR

-38.82%

—

331.33%

10Y

-7.84%

Profit CAGR

-69.23%

43.68%

-26.94%

10Y

0.06%

ROE

TTM

1.55%

0.57%

0.48%

10Y

0.58%

ROCE

TTM

2.50%

4.96%

4.08%

10Y

4.53%

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
GOBLIN	11.00	15 Cr	7.80	0.35	0.00	1.62	5.95	0.94
SIIL	17.35	15 Cr	29.41	2.10	0.00	7.18	9.29	4.20
MIHIKA	16.21	15 Cr	—	0.69	0.00	-2.11	-2.65	-2.12
GANONPRO	16.00	15 Cr	84.21	1.33	0.00	1.55	2.50	0.47
SRDAPRT	86.43	15 Cr	—	9.87	0.00	-4.54	-3.64	-0.11
COMPINFO	1.71	15 Cr	—	0.00	0.00	-65.86	-7.01	-11.24
ZENLABS	22.55	15 Cr	59.24	1.39	0.00	2.34	5.83	0.63

Financial Statements

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	8.31	9.74	0.00	9.85	6.13	6.93	4.01	0.00	0.00	1.21
Expenses	8.74	9.40	0.15	10	6.43	7.25	4.24	0.07	0.07	1.18
Operating Profit	-0.43	0.34	-0.15	-0.44	-0.30	-0.32	-0.23	-0.07	-0.07	0.03
OPM %	-5.17	3.49	—	-4.47	-4.89	-4.62	-5.74	—	—	2.48
Other Income	0.35	0.30	0.37	0.44	0.62	0.62	0.53	0.11	0.11	0.16
Interest	0.09	0.08	0.12	0.25	0.30	0.27	0.28	0.04	0.01	0.01
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit Before Tax	-0.17	0.55	0.10	-0.24	0.02	0.02	0.02	0.00	0.02	0.19
Tax %	0.00	0.00	0.00	-16.67	50.00	0.00	0.00	—	50.00	26.32
Net Profit	-0.17	0.55	0.10	-0.28	0.02	0.01	0.01	0.00	0.02	0.14
EPS in Rs	-0.18	0.59	0.11	-0.30	0.02	0.02	0.01	0.00	0.02	0.15

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	1.85	34	0.25	0.01	0.00	0.00	13	28	17	11
Expenses	1.78	34	0.22	0.30	0.50	0.57	14	29	18	12
Operating Profit	0.06	0.08	0.03	-0.28	-0.50	-0.57	-0.84	-0.71	-0.91	-0.69
OPM %	3.38	0.23	11.12	-2,486.93	—	—	-6.59	-2.55	-5.33	-6.31
Other Income	0.00	0.00	2.52	0.55	0.99	1.00	1.35	1.41	1.87	1.37
Interest	0.00	0.00	0.00	0.02	0.40	0.40	0.49	0.53	0.90	0.60
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit Before Tax	0.06	0.08	2.54	0.25	0.08	0.03	0.02	0.17	0.06	0.06
Tax %	33.44	27.66	0.24	16.03	24.20	57.64	25.25	23.89	25.60	—
Net Profit	0.04	0.06	2.54	0.21	0.06	0.01	0.01	0.13	0.04	NaN
EPS in Rs	0.04	0.05	2.72	-2.49	0.09	0.03	-0.17	0.22	0.05	0.18
Dividend Payout %	0.00	33.33	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	9.33	9.33	9.33	9.33	9.33	9.33	9.33	9.33	9.33	9.33
Reserves	1.10	1.15	1.17	3.70	1.39	1.45	1.48	1.50	1.64	1.69
Borrowings	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Liabilities	1.64	2.11	35	2.50	5.18	5.49	6.82	10	22	15
Total Liabilities	12	13	45	16	16	16	18	21	33	26
Fixed Assets	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	9.15	11	11	1.99	1.99	1.99	1.99	1.99	1.99	0.00
Other Assets	2.92	1.45	34	14	14	14	16	19	31	26
Total Assets	12	13	45	16	16	16	18	21	33	26

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	0.06	2.17	-0.22	0.34	-0.63	-0.52	-0.24	5.84	5.60	-2.72
Cash from Investing Activity	0.01	-1.95	0.00	-0.43	-2.48	-0.43	-0.59	-1.80	-9.74	8.80
Cash from Financing Activity	-0.06	0.00	-0.02	-0.00	4.25	-0.09	0.74	-3.92	4.21	-6.25
Net Cash Flow	0.01	0.22	-0.24	-0.10	1.13	-1.04	-0.09	0.12	0.07	-0.17

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	25.25%	25.25%	25.25%	25.25%	25.25%	25.25%	25.25%	25.25%	25.25%	25.25%	25.25%	0.00%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	74.75%	74.75%	74.75%	74.75%	74.75%	74.75%	74.75%	74.75%	74.75%	74.75%	74.75%	100.00%
Total Shareholders	588	588	588	760	961	2,425	2,425	4,231	4,083	3,978	3,718	3,446

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Dec 15, 2025	Kamla business ventures priva...	Insider - Promoter	Disposal	16.00	0.24 Cr	1,50,000	1.60
Dec 12, 2025	Kamla business ventures priva...	Bulk	Sell	15.90	0.15 Cr	93,031	0.99
Dec 12, 2025	Darshan kiran walke	Bulk	Buy	15.90	0.08 Cr	50,034	0.53
Dec 12, 2025	Kamla business ventures priva...	Insider - Promoter	Disposal	15.66	0.39 Cr	2,50,000	2.67
Dec 10, 2025	Kamla business ventures priva...	Bulk	Sell	16.00	0.24 Cr	1,50,000	1.60
Dec 10, 2025	Rahul rajendra thombare	Bulk	Buy	16.00	0.18 Cr	1,15,001	1.23
Dec 08, 2025	Kamla business ventures priva...	Bulk	Sell	15.90	0.16 Cr	1,00,000	1.07
Dec 08, 2025	Rahul rajendra thombare	Bulk	Buy	15.90	0.10 Cr	62,600	0.67
Dec 03, 2025	Neeraj kumar singla	Bulk	Buy	16.33	0.11 Cr	64,437	0.69
Dec 02, 2025	Kamla business ventures priva...	Bulk	Sell	15.51	0.23 Cr	1,50,000	1.60

Projection

Actions

Action Type

‌
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Announcements

Last 7 days

Newest

Sentiment

Regulatory Filing

3 days ago

Disclosure of Share Disposal by Kamla Business Ventures

Kamla Business Ventures Pvt Ltd announced the disposal of 150,000 equity shares of Ganon Products Limited as per SEBI Regulations.

Regulatory Filing

5 days ago

Disclosure of Share Disposal by Kamla Business Ventures

Kamla Business Ventures Pvt Ltd disclosed the disposal of 250,000 equity shares in Ganon Products Limited under SEBI regulations.

Documents

Presentations

Concalls

Reports

Presentations

No documents found!

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Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	8.31	9.74	0.00	9.85	6.13	6.93	4.01	0.00	0.00	1.21
Expenses	8.74	9.40	0.15	10	6.43	7.25	4.24	0.07	0.07	1.18
Operating Profit	-0.43	0.34	-0.15	-0.44	-0.30	-0.32	-0.23	-0.07	-0.07	0.03
OPM %	-5.17	3.49	—	-4.47	-4.89	-4.62	-5.74	—	—	2.48
Other Income	0.35	0.30	0.37	0.44	0.62	0.62	0.53	0.11	0.11	0.16
Interest	0.09	0.08	0.12	0.25	0.30	0.27	0.28	0.04	0.01	0.01
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit Before Tax	-0.17	0.55	0.10	-0.24	0.02	0.02	0.02	0.00	0.02	0.19
Tax %	0.00	0.00	0.00	-16.67	50.00	0.00	0.00	—	50.00	26.32
Net Profit	-0.17	0.55	0.10	-0.28	0.02	0.01	0.01	0.00	0.02	0.14
EPS in Rs	-0.18	0.59	0.11	-0.30	0.02	0.02	0.01	0.00	0.02	0.15

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	1.85	34	0.25	0.01	0.00	0.00	13	28	17	11
Expenses	1.78	34	0.22	0.30	0.50	0.57	14	29	18	12
Operating Profit	0.06	0.08	0.03	-0.28	-0.50	-0.57	-0.84	-0.71	-0.91	-0.69
OPM %	3.38	0.23	11.12	-2,486.93	—	—	-6.59	-2.55	-5.33	-6.31
Other Income	0.00	0.00	2.52	0.55	0.99	1.00	1.35	1.41	1.87	1.37
Interest	0.00	0.00	0.00	0.02	0.40	0.40	0.49	0.53	0.90	0.60
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit Before Tax	0.06	0.08	2.54	0.25	0.08	0.03	0.02	0.17	0.06	0.06
Tax %	33.44	27.66	0.24	16.03	24.20	57.64	25.25	23.89	25.60	—
Net Profit	0.04	0.06	2.54	0.21	0.06	0.01	0.01	0.13	0.04	NaN
EPS in Rs	0.04	0.05	2.72	-2.49	0.09	0.03	-0.17	0.22	0.05	0.18
Dividend Payout %	0.00	33.33	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	9.33	9.33	9.33	9.33	9.33	9.33	9.33	9.33	9.33	9.33
Reserves	1.10	1.15	1.17	3.70	1.39	1.45	1.48	1.50	1.64	1.69
Borrowings	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Liabilities	1.64	2.11	35	2.50	5.18	5.49	6.82	10	22	15
Total Liabilities	12	13	45	16	16	16	18	21	33	26
Fixed Assets	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	9.15	11	11	1.99	1.99	1.99	1.99	1.99	1.99	0.00
Other Assets	2.92	1.45	34	14	14	14	16	19	31	26
Total Assets	12	13	45	16	16	16	18	21	33	26

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	0.06	2.17	-0.22	0.34	-0.63	-0.52	-0.24	5.84	5.60	-2.72
Cash from Investing Activity	0.01	-1.95	0.00	-0.43	-2.48	-0.43	-0.59	-1.80	-9.74	8.80
Cash from Financing Activity	-0.06	0.00	-0.02	-0.00	4.25	-0.09	0.74	-3.92	4.21	-6.25
Net Cash Flow	0.01	0.22	-0.24	-0.10	1.13	-1.04	-0.09	0.12	0.07	-0.17

Oscillators

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
GOBLIN	11.00	15 Cr	7.80	0.35	0.00	1.62	5.95	0.94
SIIL	17.35	15 Cr	29.41	2.10	0.00	7.18	9.29	4.20
MIHIKA	16.21	15 Cr	—	0.69	0.00	-2.11	-2.65	-2.12
GANONPRO	16.00	15 Cr	84.21	1.33	0.00	1.55	2.50	0.47
SRDAPRT	86.43	15 Cr	—	9.87	0.00	-4.54	-3.64	-0.11
COMPINFO	1.71	15 Cr	—	0.00	0.00	-65.86	-7.01	-11.24
ZENLABS	22.55	15 Cr	59.24	1.39	0.00	2.34	5.83	0.63

Overview

Detailed Summary

Ganon Products has a longstanding history, having been established in 1985, and it has evolved its business model to focus predominantly on wholesale trading across various commodity segments.

There are no current indicators or strategic shifts towards any of the thematic or strategic discovery buckets, and the company's focus remains on its existing trading operations.

Sector

Trading

Industry

Trading - Medium / Small

Market Cap

15 Cr

Volatility

Low Risk

P/E Ratio

84.2

Industry P/E

35.9

PEG Ratio

1.9

P/B Ratio

1.3

52W High

17.39

52W Low

5.57

Sales CAGR

-38.82%

—

331.33%

10Y

-7.84%

Profit CAGR

-69.23%

43.68%

-26.94%

10Y

0.06%

ROE

TTM

1.55%

0.57%

0.48%

10Y

0.58%

ROCE

TTM

2.50%

4.96%

4.08%

10Y

4.53%