Ganges Securities Limited (GANGESSECU) - Net Assets

Latest as of March 2026: Rs5.40 Billion INR ≈ $58.38 Million USD

Based on the latest financial reports, Ganges Securities Limited (GANGESSECU) has net assets worth Rs5.40 Billion INR (≈ $58.38 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs5.81 Billion ≈ $62.81 Million USD) and total liabilities (Rs409.34 Million ≈ $4.43 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Ganges Securities Limited strategic capital allocation to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs5.40 Billion
% of Total Assets	92.95%
Annual Growth Rate	191.99%
5-Year Change	-13.44%
10-Year Change	523.55%
Growth Volatility	216406.82

Ganges Securities Limited - Net Assets Trend (2016–2026)

This chart illustrates how Ganges Securities Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see GANGESSECU stock market capitalisation.

Annual Net Assets for Ganges Securities Limited (2016–2026)

The table below shows the annual net assets of Ganges Securities Limited from 2016 to 2026. Also explore Ganges Securities Limited equity growth rate to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2026-03-31	Rs5.40 Billion ≈ $58.38 Million	-20.17%
2025-03-31	Rs6.76 Billion ≈ $73.13 Million	+24.03%
2024-03-31	Rs5.45 Billion ≈ $58.96 Million	+20.85%
2023-03-31	Rs4.51 Billion ≈ $48.79 Million	-27.67%
2022-03-31	Rs6.24 Billion ≈ $67.45 Million	+84.65%
2021-03-31	Rs3.38 Billion ≈ $36.53 Million	+62.08%
2020-03-31	Rs2.08 Billion ≈ $22.54 Million	-34.12%
2019-03-31	Rs3.16 Billion ≈ $34.21 Million	+230.39%
2018-03-31	Rs957.52 Million ≈ $10.36 Million	+10.59%
2017-03-31	Rs865.79 Million ≈ $9.36 Million	+721395.00%
2016-03-31	Rs120.00K ≈ $1.30K	--

Equity Component Analysis

This analysis shows how different components contribute to Ganges Securities Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 73296800000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Retained Earnings	Rs732.59 Million	13.57%
Common Stock	Rs100.04 Million	1.85%
Other Comprehensive Income	Rs4.56 Billion	84.38%
Other Components	Rs10.75 Million	0.20%
Total Equity	Rs5.40 Billion	100.00%

Ganges Securities Limited Competitors by Market Cap

The table below lists competitors of Ganges Securities Limited ranked by their market capitalization.

Company	Market Cap
Mlk Foods Public Company Ltd WAR:MLK	$12.35 Million
Glimpse Group Inc NASDAQ:VRAR	$12.35 Million
iZafe Group AB Series B ST:IZAFE-B	$12.36 Million
Sapura Resources Bhd KLSE:4596	$12.37 Million
Grupo Televisa SAB DRC BA:TV	$12.34 Million
BBGI SICAV SA LSE:BBGI	$12.33 Million
Liberty Defense Holdings, Ltd. Common Shares NASDAQ:DETX	$12.33 Million
B+S Banksysteme Aktiengesellschaft F:DTD2	$12.33 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Ganges Securities Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 6,762,573,000 to 5,398,686,000, a change of -1,363,887,000 (-20.2%).
Net income of 26,897,000 contributed positively to equity growth.
Other comprehensive income increased equity by 4,555,311,000.
Other factors decreased equity by 5,946,095,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs26.90 Million	+0.5%
Other Comprehensive Income	Rs4.56 Billion	+84.38%
Other Changes	Rs-5.95 Billion	-110.14%
Total Change	Rs-	-20.17%

Book Value vs Market Value Analysis

This analysis compares Ganges Securities Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 0.21x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 9597.06x to 0.21x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2016-03-31	Rs0.01	Rs114.15	x
2017-03-31	Rs86.55	Rs114.15	x
2018-03-31	Rs95.72	Rs114.15	x
2019-03-31	Rs102.78	Rs114.15	x
2020-03-31	Rs208.33	Rs114.15	x
2021-03-31	Rs337.68	Rs114.15	x
2022-03-31	Rs623.50	Rs114.15	x
2023-03-31	Rs450.99	Rs114.15	x
2024-03-31	Rs545.06	Rs114.15	x
2025-03-31	Rs675.99	Rs114.15	x
2026-03-31	Rs539.92	Rs114.15	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Ganges Securities Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 0.50%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 7.45%
• Asset Turnover: 0.06x
• Equity Multiplier: 1.08x
Recent ROE (0.50%) is above the historical average (-23.38%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2016	-292.50%	0.00%	0.00x	1.05x	Rs-363.00K
2017	6.76%	21.26%	0.27x	1.17x	Rs-28.08 Million
2018	9.64%	28.60%	0.31x	1.10x	Rs-3.49 Million
2019	7.32%	24.40%	0.10x	3.14x	Rs-27.56 Million
2020	3.43%	22.41%	0.15x	1.04x	Rs-137.00 Million
2021	2.90%	27.93%	0.10x	1.02x	Rs-239.84 Million
2022	1.28%	23.32%	0.05x	1.03x	Rs-543.78 Million
2023	2.16%	23.64%	0.09x	1.01x	Rs-353.69 Million
2024	0.64%	9.99%	0.06x	1.05x	Rs-510.44 Million
2025	0.75%	13.33%	0.05x	1.08x	Rs-625.64 Million
2026	0.50%	7.45%	0.06x	1.08x	Rs-512.97 Million

Industry Comparison

This section compares Ganges Securities Limited's net assets metrics with peer companies in the Packaged Foods industry.

Industry Context

Industry: Packaged Foods
Average net assets among peers: $20,117,307,101
Average return on equity (ROE) among peers: 15.74%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Ganges Securities Limited (GANGESSECU)	Rs5.40 Billion	-292.50%	0.08x	$12.35 Million
ADF Foods Limited (ADFFOODS)	$1.59 Billion	4.16%	0.22x	$310.64 Million
Ajooni Biotech Limited (AJOONI)	$121.65 Million	3.38%	0.50x	$6.11 Million
Agro Tech Foods Limited (ATFL)	$4.86 Billion	3.10%	0.32x	$365.36 Million
Avanti Feeds Limited (AVANTIFEED)	$15.95 Billion	21.73%	0.18x	$1.14 Billion
Adani Wilmar Limited (AWL)	$104.44 Billion	9.98%	1.37x	$2.61 Billion
Bombay Burmah Trading Corporation Limited (BBTC)	$29.10 Billion	13.27%	0.76x	$1.14 Billion
Mrs. Bectors Food Specialities Limited (BECTORFOOD)	$4.69 Billion	12.18%	0.54x	$735.54 Million
Bikaji Foods International Limited (BIKAJI)	$8.21 Billion	9.50%	0.34x	$1.57 Billion
Britannia Industries Limited (BRITANNIA)	$25.86 Billion	58.97%	1.91x	$13.02 Billion
CCL Products (India) Limited (CCL)	$6.36 Billion	21.15%	0.33x	$1.53 Billion

About Ganges Securities Limited

NSE:GANGESSECU India Packaged Foods

Market Cap

$12.35 Million

Rs1.14 Billion INR

Market Cap Rank

#26603 Global

#1473 in India

Share Price

Rs114.15

Change (1 day)

+0.97%

52-Week Range

Rs104.15 - Rs162.15

All Time High

Rs224.23