Ankündigung • 17h
Ganon Products Limited to Report Q1, 2027 Results on Aug 03, 2026 Ganon Products Limited announced that they will report Q1, 2027 results on Aug 03, 2026 New Risk • Jul 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). High level of non-cash earnings (53% accrual ratio). Revenue is less than US$1m (₹71m revenue, or US$743k). Market cap is less than US$10m (₹91.7m market cap, or US$956.9k). Minor Risk Share price has been volatile over the past 3 months (7.6% average weekly change). Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹9.83, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 25x in the Retail Distributors industry in India. Total loss to shareholders of 34% over the past three years. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹11.87, the stock trades at a trailing P/E ratio of 21.1x. Average trailing P/E is 27x in the Retail Distributors industry in India. Total loss to shareholders of 22% over the past three years. Reported Earnings • Jun 01
Full year 2026 earnings released: EPS: ₹0.56 (vs ₹0.047 in FY 2025) Full year 2026 results: EPS: ₹0.56 (up from ₹0.047 in FY 2025). Revenue: ₹71.2m (down 62% from FY 2025). Net income: ₹5.24m (up ₹4.80m from FY 2025). Profit margin: 7.4% (up from 0.2% in FY 2025). The increase in margin was driven by lower expenses. Ankündigung • May 22
Ganon Products Limited to Report Q4, 2026 Results on May 30, 2026 Ganon Products Limited announced that they will report Q4, 2026 results at 9:15 AM, Indian Standard Time on May 30, 2026 Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹16.66, the stock trades at a trailing P/E ratio of 47.2x. Average trailing P/E is 21x in the Retail Distributors industry in India. Total returns to shareholders of 143% over the past year. Board Change • Mar 09
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. CFO & Whole-Time Director Ravindra Gopale is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: ₹0.19 (vs ₹0.016 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.19 (up from ₹0.016 in 3Q 2025). Revenue: ₹14.5m (down 68% from 3Q 2025). Net income: ₹1.73m (up ₹1.59m from 3Q 2025). Profit margin: 12% (up from 0.3% in 3Q 2025). The increase in margin was driven by lower expenses. Ankündigung • Feb 09
Ganon Products Limited to Report Q3, 2026 Results on Feb 13, 2026 Ganon Products Limited announced that they will report Q3, 2026 results on Feb 13, 2026 Reported Earnings • Nov 13
Second quarter 2026 earnings released: EPS: ₹0.15 (vs ₹0.02 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.15 (up from ₹0.02 in 2Q 2025). Revenue: ₹13.8m (down 82% from 2Q 2025). Net income: ₹1.41m (up ₹1.23m from 2Q 2025). Profit margin: 10% (up from 0.2% in 2Q 2025). The increase in margin was driven by lower expenses. Ankündigung • Oct 08
Ganon Products Limited to Report First Half, 2026 Results on Oct 13, 2025 Ganon Products Limited announced that they will report first half, 2026 results on Oct 13, 2025 Ankündigung • Sep 11
Ganon Products Limited, Annual General Meeting, Sep 30, 2025 Ganon Products Limited, Annual General Meeting, Sep 30, 2025, at 16:00 Indian Standard Time. Ankündigung • Sep 04
Ganon Products Limited Approves the Appointment of Mr. Rashmi Ranjeet Kumar as Additional Non- Executive Independent Director, Effective from 03 September, 2025 Ganon Products Limited Board Meeting on September 3, 2025 approved the Appointment of Mr. Rashmi Ranjeet Kumar as Additional Non- Executive Independent Director effective from 03 September, 2025, Mrs. Rashmi Ranjeet Kumar hold a Master's degree in Sociology, along with a Bachelor's degree in Commerce and a Bachelor of Education (B.Ed). With a strong foundation in both social sciences and commerce, she bring a multidisciplinary perspective to leadership, governance, and strategic planning. She have over 12 years of experience as an educator in various international schools, where I focused on academic excellence, value -based education, and holistic student development. Her work in education has instilled in me a deep understanding of organizational leadership, communication, and stakeholder engagement. Reported Earnings • Aug 14
First quarter 2026 earnings released: EPS: ₹0.02 (vs ₹0.02 in 1Q 2025) First quarter 2026 results: EPS: ₹0.02 (in line with 1Q 2025). Revenue: ₹1.09m (down 98% from 1Q 2025). Net income: ₹161.0k (down 3.0% from 1Q 2025). Profit margin: 15% (up from 0.2% in 1Q 2025). The increase in margin was driven by lower expenses. Reported Earnings • May 31
Full year 2025 earnings released: EPS: ₹0.05 (vs ₹0.14 in FY 2024) Full year 2025 results: EPS: ₹0.05 (down from ₹0.14 in FY 2024). Revenue: ₹189.4m (down 35% from FY 2024). Net income: ₹435.0k (down 66% from FY 2024). Profit margin: 0.2% (down from 0.4% in FY 2024). The decrease in margin was driven by lower revenue. Ankündigung • May 19
Ganon Products Limited to Report Fiscal Year 2025 Results on May 30, 2025 Ganon Products Limited announced that they will report fiscal year 2025 results on May 30, 2025 New Risk • Apr 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 49% per year over the past 5 years. Market cap is less than US$10m (₹59.9m market cap, or US$709.0k). Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Revenue is less than US$5m (₹283m revenue, or US$3.3m). Ankündigung • Mar 20
Ganon Products Limited Announces Resignation of Sanjay Sood and Roopal Sood as Non-Executive Independent Director Ganon Products Limited informed that Mr. Sanjay Sood and Ms. Roopal Sood have tendered their resignation as Non-Executive Independent Director of the Company with effect from 20 March, 2025, due to personal and other professional commitments. Reported Earnings • Feb 20
Third quarter 2025 earnings released: EPS: ₹0.01 (vs ₹0.11 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.01 (down from ₹0.11 in 3Q 2024). Revenue: ₹45.4m (up ₹41.6m from 3Q 2024). Net income: ₹137.0k (down 87% from 3Q 2024). Profit margin: 0.3% (down from 28% in 3Q 2024). The decrease in margin was driven by higher expenses. Ankündigung • Feb 10
Ganon Products Limited Announces Resignation of Pooja Nirav Shah as Executive Director Ganon Products Limited announced that Ms. Pooja Nirav Shah has tendered her resignation as an Executive Director of the Company due to personal and unavoidable circumstances, with effect from 10 February 2025. Ankündigung • Feb 05
Ganon Products Limited to Report Q3, 2025 Results on Feb 14, 2025 Ganon Products Limited announced that they will report Q3, 2025 results on Feb 14, 2025 Buy Or Sell Opportunity • Jan 02
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 2.2% to ₹9.01. The fair value is estimated to be ₹7.40, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 82% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Dec 06
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to ₹8.86. The fair value is estimated to be ₹7.36, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 82% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Nov 21
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to ₹8.92. The fair value is estimated to be ₹7.40, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 82% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Nov 20
Second quarter 2025 earnings released: EPS: ₹0.02 (vs ₹0.59 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.02 (down from ₹0.59 in 2Q 2024). Revenue: ₹75.5m (down 30% from 2Q 2024). Net income: ₹185.0k (down 97% from 2Q 2024). Profit margin: 0.2% (down from 5.1% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Ankündigung • Nov 09
Ganon Products Limited to Report Q2, 2025 Results on Nov 14, 2024 Ganon Products Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to ₹10.64, the stock trades at a trailing P/E ratio of 32.1x. Average trailing P/E is 39x in the Retail Distributors industry in India. Total loss to shareholders of 34% over the past year. Ankündigung • Sep 09
Ganon Products Limited, Annual General Meeting, Sep 30, 2024 Ganon Products Limited, Annual General Meeting, Sep 30, 2024, at 12:00 Indian Standard Time. Ankündigung • Aug 29
Ganon Products Limited Appoints Rachit Sinha as Company Secretary Ganon Products Limited at its meeting held on 29 August 2024, approved the Appointment of Rachit Sinha as Company Secretary and Compliance Officer of the Company, effective August 29, 2024. Mr. Rachit Sinha is an associate member of Institute of company secretaries of India. He holds B. Com degree from K J Somaiya College of Arts and Commerce. He has four years of experience in secretarial profession. New Risk • Aug 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 45% per year over the past 5 years. Market cap is less than US$10m (₹82.8m market cap, or US$985.9k). Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Revenue is less than US$5m (₹274m revenue, or US$3.3m). Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₹9.44, the stock trades at a trailing P/E ratio of 28.5x. Average trailing P/E is 45x in the Retail Distributors industry in India. Total loss to shareholders of 38% over the past year. Reported Earnings • Aug 16
First quarter 2025 earnings released: EPS: ₹0.02 (vs ₹0.18 loss in 1Q 2024) First quarter 2025 results: EPS: ₹0.02 (up from ₹0.18 loss in 1Q 2024). Revenue: ₹67.5m (down 22% from 1Q 2024). Net income: ₹166.0k (up ₹1.82m from 1Q 2024). Profit margin: 0.2% (up from net loss in 1Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Ankündigung • Aug 10
Ganon Products Limited to Report Q1, 2025 Results on Aug 14, 2024 Ganon Products Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Reported Earnings • Jun 04
Full year 2024 earnings released: EPS: ₹0.14 (vs ₹0.016 in FY 2023) Full year 2024 results: EPS: ₹0.14 (up from ₹0.016 in FY 2023). Revenue: ₹293.1m (up 108% from FY 2023). Net income: ₹1.28m (up ₹1.13m from FY 2023). Profit margin: 0.4% (up from 0.1% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 31
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹5.33, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 40x in the Retail Distributors industry in India. Total loss to shareholders of 47% over the past three years. Ankündigung • May 22
Ganon Products Limited to Report Q4, 2024 Results on May 30, 2024 Ganon Products Limited announced that they will report Q4, 2024 results on May 30, 2024 Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹11.33, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 42x in the Retail Distributors industry in India. Total returns to shareholders of 12% over the past three years. Reported Earnings • Feb 15
Third quarter 2024 earnings released: EPS: ₹0.11 (vs ₹0.05 loss in 3Q 2023) Third quarter 2024 results: EPS: ₹0.11 (up from ₹0.05 loss in 3Q 2023). Revenue: ₹3.74m (down 93% from 3Q 2023). Net income: ₹1.04m (up ₹1.49m from 3Q 2023). Profit margin: 28% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Ankündigung • Feb 05
Ganon Products Limited to Report Q3, 2024 Results on Feb 13, 2024 Ganon Products Limited announced that they will report Q3, 2024 results on Feb 13, 2024 Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹14.99, the stock trades at a trailing P/E ratio of 46.8x. Average trailing P/E is 38x in the Retail Distributors industry in India. Total returns to shareholders of 48% over the past three years. Ankündigung • Sep 10
Ganon Products Limited, Annual General Meeting, Sep 30, 2023 Ganon Products Limited, Annual General Meeting, Sep 30, 2023, at 10:00 Indian Standard Time. Location: Office No. 304, 3rd Floor Khodal Chamber, R.B. Mehta Road, Ghatkopar East Mumbai India Agenda: To receive, consider and adopt the Audited Balance Sheet as at 31 March 2023 and the Statement of Profit & Loss and Cash Flow Statement for the financial year ended on that date together with the Reports of Directors and Auditors thereon; To consider and approve reappointment of M/s. R V Luharuka & Co LLP, Chartered Accountants (ICAI Firm Registration as Statutory Auditors; to give loan or make investment or give guarantee or provide security in connection with loan to another company or body corporate or person under section 186 of the Companies Act, 2013; an to consider other matters. Reported Earnings • Aug 16
First quarter 2024 earnings released First quarter 2024 results: ₹0.18 loss per share. Revenue: ₹86.6m (up ₹84.5m from 1Q 2023). Net loss: ₹1.65m (loss widened ₹1.64m from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 115 percentage points per year, which is a significant difference in performance. Ankündigung • Aug 06
Ganon Products Limited to Report Q1, 2024 Results on Aug 14, 2023 Ganon Products Limited announced that they will report Q1, 2024 results at 4:00 PM, Indian Standard Time on Aug 14, 2023 New Risk • Jun 27
New major risk - Revenue and earnings growth Earnings have declined by 20% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 20% per year over the past 5 years. Market cap is less than US$10m (₹126.1m market cap, or US$1.54m). Minor Risks Profit margins are more than 30% lower than last year (0.1% net profit margin). Revenue is less than US$5m (₹141m revenue, or US$1.7m). Board Change • Jun 26
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Sanjay Sood was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • May 20
Ganon Products Limited to Report Q4, 2023 Results on May 30, 2023 Ganon Products Limited announced that they will report Q4, 2023 results on May 30, 2023 Ankündigung • Feb 04
Ganon Products Limited to Report Q3, 2023 Results on Feb 14, 2023 Ganon Products Limited announced that they will report Q3, 2023 results at 3:30 PM, Indian Standard Time on Feb 14, 2023 Ankündigung • Nov 05
Ganon Products Limited to Report Q2, 2023 Results on Nov 14, 2022 Ganon Products Limited announced that they will report Q2, 2023 results on Nov 14, 2022 Ankündigung • Oct 18
Ganon Products Limited Announces Resignation of Ronak Rathi as Company Secretary & Compliance Officer Ganon Products Limited informed that the company had received resignation letter dated 17th October 2022 from Mr. Ronak Rathi, to cease from the position of Company Secretary & Compliance Officer with immediate effect in order to have enhancement of his professional carrier. Further Board of Directors at its Board Meeting held on accepted his Resignation Letter with immediate effect i.e 17 October 2022 and release himself from the position of Company Secretary & Compliance Officer of the Company. Ankündigung • Sep 08
Ganon Products Limited, Annual General Meeting, Sep 30, 2022 Ganon Products Limited, Annual General Meeting, Sep 30, 2022, at 10:00 Indian Standard Time. Location: Office No. 304, 3rd Floor Khodal Chamber, R.B. Mehta Road, Ghatkopar East Mumbai MH 400077 IN Mumbai India Agenda: To receive, consider and adopt the Audited Balance Sheet as at 31st March 2022 and the Statement of Profit & Loss and Cash Flow Statement for the financial year ended on that date together with the Reports of Directors and Auditors thereon. Ankündigung • Aug 09
Ganon Products Limited Announces Board Appointments Ganon Products Limited informed that the Board of Directors at its meeting held on 8th August 2022 have appointed Mr. Ravindra Haribhau Gopale and Ms. Pooja Nirav Shah as Additional Directors of the Company with effect from 1st August 2022. Mr. Ravindra Haribhau Gopale is Graduate by qualification and specialized in Accounting and Finance. Ms. Pooja Nirav Shah is Graduate by qualification and specialized in Accounting and Finance . Ankündigung • Jul 30
Ganon Products Limited to Report Q1, 2023 Results on Aug 05, 2022 Ganon Products Limited announced that they will report Q1, 2023 results on Aug 05, 2022 Board Change • Jun 17
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Independent Non-Executive Director Sanjay Sood was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Ankündigung • May 18
Ganon Products Limited to Report Fiscal Year 2022 Final Results on May 25, 2022 Ganon Products Limited announced that they will report fiscal year 2022 final results on May 25, 2022 Board Change • Mar 30
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Sanjay Sood was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 
