Ganges Securities Q3 Result 2024: Date and Time, Share Price and Target

News: Ganges Securities Ltd, a part of the K K Birla Group of Companies, is making waves in the financial world. As we eagerly await their Q3 results for 2024, let’s dive into the details. In this article, we’ll cover the essential information you need to know about Ganges Securities’ performance.

Company Overview

Ganges Securities Ltd is involved in various businesses, including investments, tea, property, and professional services. Their operations span investment in securities, and they also have a subsidiary company, Cinnatolliah Tea Limited, which is into CTC Tea Manufacturing and processing.

Key Financials

• Market Cap: ₹129 Crores
• Current Price: ₹129
• High / Low: ₹145 / ₹86.0
• Stock P/E: 31.9
• Book Value: ₹548
• Dividend Yield: 0.00%
• ROCE (Return on Capital Employed): 2.37%

Recent Performance

Let’s take a closer look at Ganges Securities’ recent performance based on their Q3 results:

Quarterly Figures (Consolidated)

Observations

• Ganges Securities has reduced its debt and is almost debt-free.
• The company’s working capital requirements have improved significantly.
• However, despite reporting profits, Ganges Securities has not paid out dividends.
• Sales growth over the past five years has been modest.
• The return on equity (ROE) remains low.

About Ganges Securities Ltd. :

The Origins

Founded on March 30, 2015, Ganges Securities Ltd. embarked on its journey with a clear vision. Its primary objective was to engage in various business activities related to investments, tea, property, and professional services.

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Business Realignment

In a strategic move, Ganges Securities Ltd. underwent a business realignment. The regulatory authorities approved a Composite Scheme of Arrangement, leading to significant changes. Here’s what happened:

• Tea Business: The tea business of Upper Ganges Sugar & Industries Ltd. (UGSIL) found a new home within Ganges Securities Ltd.. A tea garden in North Lakhimpur, Assam, with an impressive capacity of 12.5 Lac KG of black tea, became part of their portfolio.
• Investment Focus: With the transfer of the tea business, Ganges Securities Ltd. now focuses primarily on investments. Their investment arm includes Uttar Pradesh Trading Company Ltd., a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI). This NBFC actively engages in investment activities across various markets and securities.

Leadership and Vision

At the helm of Ganges Securities Ltd. stands Smt. Nandini Nopany, the dynamic Chairperson. She drives the company forward, supported by a team of seasoned executives led by Mrs. Urvi Mittal.

As investors, we eagerly await the Q3 results announcement. Keep an eye on Ganges Securities’ performance, and remember that investing involves risks.

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