NSE: GANGABATH
GANGA BATH FITTINGS LTD
Manufactures and sells bath fittings, with FY26 revenue of 34.99 crore. The cost structure is heavily tilted towards raw materials at 91.7% of revenue, with employees at 2.1% and other operating expenses at 7.8%, consistent with a manufacturing-led model where purchased inputs dominate value-add. Capital expenditure was 72.3% of revenue in FY26, indicating a phase of significant investment in fixed assets relative to the size of the top line. Total assets stood at 78.77 crore at the FY26 year-end, against revenue of 34.99 crore. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Bath fittings. Asset-heavy manufacturer in a build-out phase, with materials-dominant costs
Exhibit 1: Financial summary, FY25–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY25 | FY26 |
|---|---|---|
| Revenue | 32 | 35 |
| EBITDA (ex other income) | — | — |
| margin % | — | — |
| Owners' profit | — | — |
| EPS, as reported (₹) | 2.30 | 0.57 |
| ROE % · ROCE % | — · 25.2 | — · 5.1 |
| Debt / equity (x) | — | — |
| Cash from operations | (1) | (6) |
| Capex | (0) | (25) |
Exhibit 2: Quarterly performance, last 3 quarters
| ₹ crore | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|
| Revenue | 16 | 17 | 18 |
| Profit before tax | 2 | 1 | 1 |
| Net profit | — | — | — |
| EPS (₹) | 0.73 | 0.20 | 0.40 |
Exhibit 3: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 21 Oct 2026 · Insider information database compliance certified for September quarter | compliance | minimal | — | — |
| 21 Oct 2026 · Governance report exemption for September 2026 quarter | compliance | minimal | — | — |
| 14 Oct 2026 · Routine compliance filing: demat certificate for Q2 FY26 | compliance | minimal | — | — |
| 14 Oct 2026 · NSE seeks clarification on unusual share price movement | compliance | medium | — | — |
| 5 Oct 2026 · Company Secretary Kajal Soni resigns from Ganga Bath Fittings | management changes | medium | — | — |
| 5 Oct 2026 · Company Secretary Ms. Kajal Soni resigns | management changes | medium | — | — |
| 5 Oct 2026 · Company Secretary Kajal Soni resigns from Ganga Bath Fittings | management changes | medium | — | — |
| 5 Oct 2026 · Company Secretary Kajal Soni resigns effective October 5, 2026 | management changes | medium | — | — |
| 25 Sept 2026 · Trading Window Closed Ahead of H1 FY26 Results | compliance | minimal | — | — |
| 25 Sept 2026 · AGM voting results: all 3 resolutions passed with 100% approval | board shareholder meetings | 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.