BSE: 539228
Gala Global Products Limited
Classified under household products and stationery, Gala Global Products operated a business in which materials consumed 99.3% of revenue in FY26, with employee costs at 1.1% and other operating expenses at 1.5%. Revenue fell to Rs 18.35 crore from Rs 41.78 crore in the prior year, a drop of 56%, and the company posted a net loss of Rs 7.10 crore against a loss of Rs 4.49 crore earlier. According to filings, operations were ceased and inventory sold off after December 2025, with Q1 FY27 revenue reported at nil and Q4 FY26 also at nil. The board has obtained shareholder approval to initiate insolvency proceedings under the Insolvency and Bankruptcy Code, and the statutory auditor flagged a material going-concern uncertainty along with multiple audit qualifications. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Stationery / household products. Asset-light, materials-intensive trading/manufacturing in stationery and household products; currently non-operational and pursuing insolvency.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 103 | 84 | 75 | 42 | 18 |
| EBITDA (ex other income) | 3 | 2 | 0 | (1) | (2) |
| margin % | 2.7 | 2.0 | 0.5 | (1.8) | (12.6) |
| Owners' profit | 1 | 0 | 0 | (4) | (7) |
| EPS, as reported (₹) | 0.24 | 0.01 | 0.04 | (0.82) | (1.30) |
| ROE % · ROCE % | 3.1 · 6.7 | 0.1 · 2.6 | 0.5 · 2.1 | (11.8) · (1.0) | (23.0) · (3.5) |
| Debt / equity (x) | 0.38 | 0.57 | 0.60 | 0.76 | 1.05 |
| Cash from operations | (14) | (7) | (1) | 20 | 23 |
| Capex | 0 | (0) | (0) | (0) | (0) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6 | 7 | 19 | 0 | 10 | 9 | 0 | 0 |
| Profit before tax | 2 | 0 | (6) | (2) | (0) | (0) | (4) | (0) |
| Net profit | 2 | 0 | (6) | (2) | (0) | (0) | (4) | (0) |
| EPS (₹) | 0.66 | 0.00 | (1.09) | (0.38) | 0.05 | (0.08) | (0.80) | (0.09) |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| DOMS INDUSTRIES LIMITED | 11,233 | 51.7 | 8.63 | 26.8 | 18.4 | 22.7 | — | 12.9 |
| NAVNEET EDUCATION LTD | 2,772 | 7.4 | 132.06 | 501.2 | 17.6 | 20.2 | (54.0) | 27.5 |
| FLAIR WRITING INDUST LTD | 2,462 | 17.6 | 2.15 | 10.1 | 12.4 | 15.4 | — | 17.1 |
| KOKUYO CAMLIN LIMITED | 713 | — | 2.87 | 16.8 | 6.1 | 8.0 | — | — |
| LINC LIMITED | 555 | 17.6 | 2.14 | 8.1 | 12.7 | 17.4 | — | 9.0 |
| ALKOSIGN LIMITED | 69 | 5.8 | — | — | — | 4.9 | — | — |
| KSHITIJ POLYLINE LIMITED | 53 | 14.1 | 0.85 | 8.8 | 6.1 | 6.1 | — | 12.4 |
| SUNDARAM MULTI PAP LTD | 49 | — | 0.52 | 5.1 | (0.1) | (0.1) | — | 21.0 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 0.2 | 2.1 | 1 of 8 | 100% |
| ROCE | (9.6) | 8.0 | 9 of 9 | 0% |
| ROE | (23.0) | 9.3 | 8 of 8 | 0% |
| Debt / Equity | 1.1 | 0.2 | 8 of 8 | 0% |
| Revenue growth | (100.0) | 6.0 | 6 of 6 | 0% |
| Profit growth | 76.3 | (4.9) | 1 of 6 | 100% |
| Market cap | 7 | 555 | 9 of 9 | 0% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 13 Oct 2026 · Routine RTA compliance certificate for quarter ended Sept 2026 | compliance | minimal | — | — |
| 1 Oct 2026 · Annual Report FY25-26 filed; 16th AGM on Sept 29, 2026 via video conferencing | board shareholder meetings | medium | — | — |
| 30 Sept 2026 · AGM Results: All 3 Resolutions Passed at 16th Annual General Meeting | board shareholder meetings | low | — | — |
| 29 Sept 2026 · Gala Global Products holds 16th AGM, three resolutions considered | board shareholder meetings | low | — | — |
| 22 Sept 2026 · Trading window closed for insiders ahead of H1 FY27 results | compliance | minimal | — | — |
| 15 Sept 2026 · Board comments on BSE fine for delayed shareholding pattern filing | regulatory legal | medium | — | — |
| 15 Sept 2026 · Board explains one-day delay in filing governance report; Rs 2,360 fine paid | regulatory legal | medium | — | — |
| 15 Sept 2026 · Board comments on BSE fine for delayed shareholder complaint filing | regulatory legal | medium | — | — |
| 12 Sept 2026 · Rights issue of up to Rs 25 crores approved by board | corporate actions | medium | — | — |
| 9 Sept 2026 · Board to consider Rights Issue of equity shares on 12 Sep 2026 | fund raising | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.