Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹73.21, the stock trades at a trailing P/E ratio of 49.4x. Average trailing P/E is 23x in the Forestry industry in India. Total returns to shareholders of 4.3% over the past three years. Reported Earnings • May 30
Full year 2026 earnings released: EPS: ₹1.66 (vs ₹1.44 in FY 2025) Full year 2026 results: EPS: ₹1.66 (up from ₹1.44 in FY 2025). Revenue: ₹2.80b (up 8.8% from FY 2025). Net income: ₹16.0m (up 3.0% from FY 2025). Profit margin: 0.6% (in line with FY 2025). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Duyuru • May 30
Ganga Papers India Limited Announces Resignation of Yash Mishra as Company Secretary / Compliance Officer, Effective June 10, 2026 Ganga Papers India Limited announced that CS Yash Mishra has tendered his resignation vide resignation letter dated 28th May, 2026, as Company Secretary and Compliance Officer (Key Managerial Personnel) of Ganga Papers India Limited with effect from the close of working hours on 10th June, 2026, due to pursue career opportunities outside the Company. Duyuru • May 25
Ganga Papers India Limited to Report Q4, 2026 Results on May 28, 2026 Ganga Papers India Limited announced that they will report Q4, 2026 results on May 28, 2026 Reported Earnings • Feb 06
Third quarter 2026 earnings released: EPS: ₹0.20 (vs ₹0.26 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.20 (down from ₹0.26 in 3Q 2025). Revenue: ₹711.6m (up 1.0% from 3Q 2025). Net income: ₹2.21m (down 23% from 3Q 2025). Profit margin: 0.3% (down from 0.4% in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Duyuru • Jan 31
Ganga Papers India Limited to Report Q3, 2026 Results on Feb 05, 2026 Ganga Papers India Limited announced that they will report Q3, 2026 results on Feb 05, 2026 Reported Earnings • Nov 18
Second quarter 2026 earnings released: EPS: ₹0.28 (vs ₹0.32 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.28 (down from ₹0.32 in 2Q 2025). Revenue: ₹706.3m (up 23% from 2Q 2025). Net income: ₹3.06m (down 11% from 2Q 2025). Profit margin: 0.4% (down from 0.6% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Duyuru • Nov 08
Ganga Papers India Limited to Report Q2, 2026 Results on Nov 14, 2025 Ganga Papers India Limited announced that they will report Q2, 2026 results on Nov 14, 2025 New Risk • Oct 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹846.9m (US$9.53m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). Earnings have declined by 20% per year over the past 5 years. Market cap is less than US$10m (₹846.9m market cap, or US$9.53m). Duyuru • Sep 02
Ganga Papers India Limited, Annual General Meeting, Sep 26, 2025 Ganga Papers India Limited, Annual General Meeting, Sep 26, 2025, at 09:00 Indian Standard Time. Location: 241, village bebedohal, tal. maval, pune - 410506 mh, India Reported Earnings • Aug 14
First quarter 2026 earnings released: EPS: ₹0.29 (vs ₹0.29 in 1Q 2025) First quarter 2026 results: EPS: ₹0.29 (in line with 1Q 2025). Revenue: ₹623.8m (down 5.1% from 1Q 2025). Net income: ₹3.08m (flat on 1Q 2025). Profit margin: 0.5% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Duyuru • Aug 09
Ganga Papers India Limited to Report Q1, 2026 Results on Aug 13, 2025 Ganga Papers India Limited announced that they will report Q1, 2026 results on Aug 13, 2025 New Risk • Jul 07
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 7.4% 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 Interest payments are not well covered by earnings (1.8x net interest cover). Earnings have declined by 15% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (₹1.01b market cap, or US$11.8m). Duyuru • May 21
Ganga Papers India Limited to Report Q4, 2025 Results on May 28, 2025 Ganga Papers India Limited announced that they will report Q4, 2025 results on May 28, 2025 Duyuru • Apr 17
Ganga Papers India Limited Announces Resignation of Prerna Maheshwari as Company Secretary and Compliance Officer, Effective from 18 April, 2025 Ganga Papers India Limited informed that Prerna Maheshwari has tendered her resignation vide resignation letter dated 17th April, 2025, as Company Secretary and Compliance Officer (Key Managerial Personnel) of Ganga Papers India Limited with effect from the close of working hours on 18th April, 2025, due to pursue career opportunities outside the Company. She will be relieved from the services of the Company with effect from close of business hours on 18th April, 2025. Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: ₹0.26 (vs ₹0.29 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.26 (down from ₹0.29 in 3Q 2024). Revenue: ₹705.1m (up 10% from 3Q 2024). Net income: ₹2.85m (down 8.0% from 3Q 2024). Profit margin: 0.4% (down from 0.5% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Duyuru • Feb 03
Ganga Papers India Limited to Report Q3, 2025 Results on Feb 11, 2025 Ganga Papers India Limited announced that they will report Q3, 2025 results on Feb 11, 2025 Reported Earnings • Nov 14
Second quarter 2025 earnings released: EPS: ₹0.32 (vs ₹0.25 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.32 (up from ₹0.25 in 2Q 2024). Revenue: ₹573.5m (flat on 2Q 2024). Net income: ₹3.45m (up 27% from 2Q 2024). Profit margin: 0.6% (up from 0.5% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Duyuru • Nov 05
Ganga Papers India Limited to Report Q2, 2025 Results on Nov 12, 2024 Ganga Papers India Limited announced that they will report Q2, 2025 results on Nov 12, 2024 Buy Or Sell Opportunity • Sep 12
Now 23% overvalued Over the last 90 days, the stock has fallen 8.4% to ₹103. The fair value is estimated to be ₹83.42, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 51%. New Risk • Sep 02
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 Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Market cap is less than US$100m (₹1.01b market cap, or US$12.0m). Buy Or Sell Opportunity • Aug 27
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to ₹99.50. The fair value is estimated to be ₹82.63, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 51%. Duyuru • Aug 14
Ganga Papers India Limited, Annual General Meeting, Sep 27, 2024 Ganga Papers India Limited, Annual General Meeting, Sep 27, 2024, at 09:30 Indian Standard Time. Location: 241, village bebedohal, tal. maval, pune - 410 506, pune India Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: ₹0.29 (vs ₹0.28 in 1Q 2024) First quarter 2025 results: EPS: ₹0.29 (up from ₹0.28 in 1Q 2024). Revenue: ₹657.6m (up 5.8% from 1Q 2024). Net income: ₹3.09m (up 1.0% from 1Q 2024). Profit margin: 0.5% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Duyuru • Aug 04
Ganga Papers India Limited to Report Q1, 2025 Results on Aug 13, 2024 Ganga Papers India Limited announced that they will report Q1, 2025 results on Aug 13, 2024 Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹106, the stock trades at a trailing P/E ratio of 77.6x. Average trailing P/E is 27x in the Forestry industry in India. Total returns to shareholders of 206% over the past three years. Reported Earnings • May 30
Full year 2024 earnings released: EPS: ₹1.37 (vs ₹3.02 in FY 2023) Full year 2024 results: EPS: ₹1.37 (down from ₹3.02 in FY 2023). Revenue: ₹2.46b (down 18% from FY 2023). Net income: ₹14.8m (down 55% from FY 2023). Profit margin: 0.6% (down from 1.1% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings. Duyuru • May 20
Ganga Papers India Limited to Report Q4, 2024 Results on May 28, 2024 Ganga Papers India Limited announced that they will report Q4, 2024 results on May 28, 2024 Reported Earnings • Feb 13
Third quarter 2024 earnings released: EPS: ₹0.29 (vs ₹0.41 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.29 (down from ₹0.41 in 3Q 2023). Revenue: ₹640.5m (down 5.3% from 3Q 2023). Net income: ₹3.10m (down 29% from 3Q 2023). Profit margin: 0.5% (down from 0.6% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 63% per year, which means it is well ahead of earnings. Duyuru • Feb 09
Ganga Papers India Limited Announces Appointment of Manish Kumar as Non-Executive Director Ganga Papers India Limited announced the appointment of Manish Kumar as Non-Executive Director, effective from November 10, 2023 with the approval of members of the Company through postal ballot, result of which was announced on 9 February, 2024. Mr. Manish Kumar, aged 44 years, is a BA LLB from the Jai Prakash University, Chapra, Bihar. Mr. Manish Kumar has a rich experience of more than 17 years in marketing. New Risk • Jan 16
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 10% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (0.5% net profit margin). Market cap is less than US$100m (₹1.34b market cap, or US$16.1m). Duyuru • Dec 08
Ganga Papers India Limited Announces Resignation of Gautam Chaudhary as Chief Financial Officer, Effective 15 December 2023 Ganga Papers India Limited announced that Mr. Gautam Chaudhary has tendered his resignation vide resignation letter dated 08 December, 2023, as Chief Financial Officer (CFO) and Key Managerial Personnel (K MP) w.e.f. the close of working hours on 15 December 2023, due to his personal reasons. New Risk • Dec 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.8% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Share price has been highly volatile over the past 3 months (8.8% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (0.5% net profit margin). Market cap is less than US$100m (₹885.4m market cap, or US$10.6m). Duyuru • Nov 30
Ganga Papers India Limited Announces the Resignation of Directors Ganga Papers India Limited announced that Mr. Sharwan Kumar Kanodia has resigned from the post of Independent Director with effect from 29 November, 2023 due to his health issues. Consequently, he shall also cease to be a Member of the Audit Committee, Nomination and Remuneration Committee and Stakeholders Relationship Committee. The company also announced that Mr. Amit Chaudhary has resigned from the post of Non-Executive Director of with effect from 30 November, 2023 due to his other professional commitments. Consequently, he shall also cease to be a Member of the Audit Committee, Nomination and Remuneration Committee and Chairman of Stakeholders Relationship Committee. Reported Earnings • Nov 11
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: ₹570.4m (down 20% from 2Q 2023). Net income: ₹2.71m (down 79% from 2Q 2023). Profit margin: 0.5% (down from 1.8% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Nov 10
Ganga Papers India Limited Appoints Manish Kumar as Additional Director (Non-Executive- Non-Independent) The board of directors of Ganga Papers India Limited meeting held on November 10, 2023, approved the appointment of Mr. Manish Kumar as an Manish Kumar Additional Director (Non-Executive- Non-Independent) of the company with effect from November 10, 2023, up to the date of upcoming Extra-Ordinary General Meeting of the Company for its approval. Mr. Manish Kumar, aged 44 years, is a BA LLB from the Jai Prakash University, Chapra, Bihar. Mr. Manish Kumar has a rich experience of more than 17 years in marketing. Duyuru • Nov 04
Ganga Papers India Limited to Report Q2, 2024 Results on Nov 10, 2023 Ganga Papers India Limited announced that they will report Q2, 2024 results on Nov 10, 2023 New Risk • Oct 23
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 7.5% 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 (2.1x net interest cover). Market cap is less than US$10m (₹803.6m market cap, or US$9.66m). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Profit margins are more than 30% lower than last year (0.8% net profit margin). Duyuru • Oct 01
Ganga Papers India Limited Regularize the Mr. Amit Kapoor as Independent Director Ganga Papers India Limited announced that at its AGM held on September 29, 2023, have regularized Mr. Amit Kapoor (DIN: 10249899), as Independent Director of the company for a period of 5 years with effect from 11th August, 2023. Reason for Change: Regularization from Additional Independent Director to Independent Director with effect from 11 August, 2023. Brief Profile: Mr. Amit Kapoor is a Commerce Graduate from Banaras Hindu University (BHU) and a Practicing Chartered Accountant with rich post qualification experience of more than 23 years. He will be serving as Independent Director of the Company. Duyuru • Sep 24
Ganga Papers India Limited Appoints Mrs. Kamlesh Kushwaha as Company Secretary and Compliance Officer Ganga Papers India Limited announced that Mrs. Kamlesh Kushwaha, an associate member of Institute of Company Secretaries of India having M. No. A70767 has appointed as Company Secretary and Compliance Officer in terms of provisions of Section 203 of Companies Act 2013 and rules made thereunder and SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 with effect from 23 September, 2023. Mrs. Kamlesh Kushwaha is an associate member of Institute of Company Secretaries of India possessing requisite qualification and skills. She is also a graduate in Commerce. Duyuru • Aug 27
Ganga Papers India Limited Announces Executive Changes Ganga Papers India Limited announced that Ms. Shaivi Pathak, Company Secretary and Compliance Officer of the company has resigned from the position of Company Secretary and Compliance Officer of the company with effect from close of business hours of August 26, 2023 due to personal reason. From August 27, 2023 till the date of appointment of Company Secretary & Compliance officer of the company, Mr. Gautam Chaudhary, being the Chief Finance Officer of the company will be responsible for all compliance related matters of the Company. Reported Earnings • Aug 13
First quarter 2024 earnings released: EPS: ₹0.28 (vs ₹1.22 in 1Q 2023) First quarter 2024 results: EPS: ₹0.28 (down from ₹1.22 in 1Q 2023). Revenue: ₹622.0m (down 28% from 1Q 2023). Net income: ₹3.06m (down 77% from 1Q 2023). Profit margin: 0.5% (down from 1.5% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Aug 12
Ganga Papers India Limited, Annual General Meeting, Sep 29, 2023 Ganga Papers India Limited, Annual General Meeting, Sep 29, 2023, at 10:00 Indian Standard Time. Location: 241, Village Bebedohal, Tal. Maval Pune Maharashtra India Agenda: To consider reappointment of Mrs. Sadhana Kanoria as Director. Duyuru • Aug 04
Ganga Papers India Limited to Report Q1, 2024 Results on Aug 11, 2023 Ganga Papers India Limited announced that they will report Q1, 2024 results on Aug 11, 2023 Reported Earnings • Jun 01
Full year 2023 earnings released: EPS: ₹3.02 (vs ₹4.96 in FY 2022) Full year 2023 results: EPS: ₹3.02 (down from ₹4.96 in FY 2022). Revenue: ₹2.98b (up 6.6% from FY 2022). Net income: ₹32.5m (down 39% from FY 2022). Profit margin: 1.1% (down from 1.9% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • May 21
Ganga Papers India Limited to Report Q4, 2023 Results on May 30, 2023 Ganga Papers India Limited announced that they will report Q4, 2023 results on May 30, 2023 Reported Earnings • Feb 15
Third quarter 2023 earnings released: EPS: ₹0.41 (vs ₹0.94 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.41 (down from ₹0.94 in 3Q 2022). Revenue: ₹676.6m (down 8.4% from 3Q 2022). Net income: ₹4.37m (down 57% from 3Q 2022). Profit margin: 0.6% (down from 1.4% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Feb 07
Ganga Papers India Limited to Report Q3, 2023 Results on Feb 14, 2023 Ganga Papers India Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 19% share price gain to ₹83.10, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 11x in the Forestry industry in India. Total returns to shareholders of 257% over the past three years. Reported Earnings • Nov 19
Second quarter 2023 earnings released: EPS: ₹1.18 (vs ₹0.62 in 2Q 2022) Second quarter 2023 results: EPS: ₹1.18 (up from ₹0.62 in 2Q 2022). Revenue: ₹712.1m (up 45% from 2Q 2022). Net income: ₹12.7m (up 90% from 2Q 2022). Profit margin: 1.8% (up from 1.4% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 6 highly experienced directors. Independent Director Ratan Singh was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Nov 15
Ganga Papers India Limited Announces Executive Changes Ganga Papers India Limited announced that Ms. Shivi Kapoor, Company Secretary and Compliance Officer of the company has resigned from the position of Company Secretary and Compliance Officer of the company with effect from close of business hours of November 15, 2022 and Ms. Shaivi Pathak, an associate member of Institute of Company Secretaries of India having M. No. 44527 has appointed as Company Secretary and Compliance Officer in terms of provisions of Section 203 of Companies Act 2013and rules made thereunder and SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 with effect from November 16, 2022. Ms. Shaivi Pathak is an associate member of Institute of Secretaries of India possessing requisite Company qualification and skills. She is also a Bachelors in Law. Duyuru • Nov 06
Ganga Papers India Limited Announces Resignation of Shivi Kapoor as Company Secretary & Compliance Officer, with Effect from 15 November 2022 Ganga Papers India Limited proposed the resignation of Ms. Shivi Kapoor from the office of Company Secretary & Compliance Officer of the Company with effect from close of business hours of 15 November, 2022 and To consider the appointment of Ms. Shaivi Pathak (ICSI Membership No. A44527) effective from November 16, 2022 as the Company Secretary & Compliance Officer of the Company. Duyuru • Nov 05
Ganga Papers India Limited to Report Q2, 2023 Results on Nov 14, 2022 Ganga Papers India Limited announced that they will report Q2, 2023 results at 3:30 PM, Indian Standard Time on Nov 14, 2022 Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: ₹1.22 (vs ₹1.98 in 1Q 2022) First quarter 2023 results: EPS: ₹1.22 (down from ₹1.98 in 1Q 2022). Revenue: ₹863.3m (up 8.2% from 1Q 2022). Net income: ₹13.2m (down 38% from 1Q 2022). Profit margin: 1.5% (down from 2.7% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Duyuru • Aug 10
Ganga Papers India Limited, Annual General Meeting, Sep 29, 2022 Ganga Papers India Limited, Annual General Meeting, Sep 29, 2022, at 09:30 Indian Standard Time. Location: 241, Village Bebedohal Tal,Maval,Pune Pune India Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improved over the past week After last week's 15% share price gain to ₹85.00, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 15x in the Forestry industry in India. Negligible returns to shareholders over past three years. Duyuru • Aug 03
Ganga Papers India Limited to Report Q1, 2023 Results on Aug 09, 2022 Ganga Papers India Limited announced that they will report Q1, 2023 results on Aug 09, 2022 Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improved over the past week After last week's 18% share price gain to ₹76.05, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 11x in the Forestry industry in India. Total loss to shareholders of 10.0% over the past three years. Reported Earnings • Jun 02
Full year 2022 earnings released: EPS: ₹4.96 (vs ₹3.83 in FY 2021) Full year 2022 results: EPS: ₹4.96 (up from ₹3.83 in FY 2021). Revenue: ₹2.83b (up 60% from FY 2021). Net income: ₹53.6m (up 30% from FY 2021). Profit margin: 1.9% (down from 2.3% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Duyuru • May 21
Ganga Papers India Limited to Report Q4, 2022 Results on May 30, 2022 Ganga Papers India Limited announced that they will report Q4, 2022 results on May 30, 2022 Valuation Update With 7 Day Price Move • May 20
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹61.10, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 11x in the Forestry industry in India. Total loss to shareholders of 28% over the past three years. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 6 highly experienced directors. Additional Independent Director Ratan Singh was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment improved over the past week After last week's 16% share price gain to ₹75.90, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 12x in the Forestry industry in India. Total loss to shareholders of 18% over the past three years. Reported Earnings • Jan 11
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.94 (down from ₹1.04 in 3Q 2021). Revenue: ₹738.2m (up 60% from 3Q 2021). Net income: ₹10.2m (down 9.6% from 3Q 2021). Profit margin: 1.4% (down from 2.4% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Board Change • Dec 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 6 highly experienced directors. Additional Independent Director Ratan Singh was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improved over the past week After last week's 16% share price gain to ₹79.85, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 15x in the Forestry industry in India. Total returns to shareholders of 2.4% over the past three years. Reported Earnings • Aug 18
First quarter 2022 earnings released: EPS ₹1.98 (vs ₹0.41 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹822.1m (up 185% from 1Q 2021). Net income: ₹21.4m (up 381% from 1Q 2021). Profit margin: 2.6% (up from 1.5% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 09
Investor sentiment deteriorated over the past week After last week's 23% share price decline to ₹77.55, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 21x in the Forestry industry in India. Total returns to shareholders of 8.4% over the past three years. Reported Earnings • Jul 03
Full year 2021 earnings released: EPS ₹3.83 (vs ₹1.73 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹1.77b (up 26% from FY 2020). Net income: ₹41.3m (up 122% from FY 2020). Profit margin: 2.3% (up from 1.3% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improved over the past week After last week's 16% share price gain to ₹42.15, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 17x in the Forestry industry in India. Total loss to shareholders of 38% over the past three years. Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS ₹1.04 (vs ₹0.41 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹466.9m (up 30% from 3Q 2020). Net income: ₹11.2m (up 151% from 3Q 2020). Profit margin: 2.4% (up from 1.2% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Duyuru • Feb 03
Ganga Papers India Limited to Report Q3, 2021 Results on Feb 12, 2021 Ganga Papers India Limited announced that they will report Q3, 2021 results on Feb 12, 2021 Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improved over the past week After last week's 18% share price gain to ₹35.25, the stock is trading at a trailing P/E ratio of 20.3x, up from the previous P/E ratio of 17.2x. This compares to an average P/E of 11x in the Forestry industry in India. Total return to shareholders over the past three years is a loss of 40%. Is New 90 Day High Low • Dec 16
New 90-day low: ₹27.60 The company is down 5.0% from its price of ₹29.00 on 17 September 2020. The Indian market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 12% over the same period. Reported Earnings • Nov 15
Second quarter 2021 earnings released: EPS ₹0.43 The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: ₹344.6m (up 12% from 2Q 2020). Net income: ₹4.61m (up 11% from 2Q 2020). Profit margin: 1.3% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 4% per year. Valuation Update With 7 Day Price Move • Nov 04
Market bids up stock over the past week After last week's 17% share price gain to ₹36.00, the stock is trading at a trailing P/E ratio of 21.3x, up from the previous P/E ratio of 18.2x. This compares to an average P/E of 8x in the Forestry industry in India. Total return to shareholders over the past three years is a loss of 2.0%. Valuation Update With 7 Day Price Move • Oct 28
Market pulls back on stock over the past week After last week's 21% share price decline to ₹30.65, the stock is trading at a trailing P/E ratio of 18.2x, down from the previous P/E ratio of 23.1x. This compares to an average P/E of 8x in the Forestry industry in India. Total return to shareholders over the past three years is a loss of 1.9%. Is New 90 Day High Low • Oct 12
New 90-day high: ₹38.20 The company is up 65% from its price of ₹23.15 on 14 July 2020. The Indian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 4.0% over the same period. Duyuru • Jun 20
Ganga Papers India Limited to Report Q4, 2020 Results on Jun 29, 2020 Ganga Papers India Limited announced that they will report Q4, 2020 results on Jun 29, 2020 
