Stock Performance and Market Context
The stock’s recent decline contrasts sharply with the broader market movements. While the Sensex has been under pressure, falling by 1.07% today to close at 81,304.54, Ganesha Ecosphere’s performance has marginally outperformed its sector by 1.1% on the day. However, the stock remains well below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling persistent bearish momentum.
Over the past year, Ganesha Ecosphere has delivered a negative return of 58.73%, significantly underperforming the Sensex, which has gained 7.15% over the same period. The stock’s 52-week high was Rs.1,907.05, highlighting the extent of the recent decline.
Financial Results and Profitability Metrics
The company’s recent financial disclosures have reflected ongoing pressures. Net sales declined by 0.86% in the quarter ending September 2025, contributing to what MarketsMOJO classifies as very negative results. This marks the second consecutive quarter of negative financial outcomes, following a similar pattern in June 2025 after five quarters of losses.
Key profitability indicators have deteriorated notably. The operating profit to interest ratio for the quarter stands at a low 1.98 times, indicating limited coverage of interest expenses by operating earnings. Profit before tax excluding other income (PBT less OI) fell sharply to a loss of Rs.4.69 crores, a decline of 118.3% compared to the average of the previous four quarters. Similarly, the net profit after tax (PAT) registered a loss of Rs.0.50 crores, down 102.2% relative to the prior four-quarter average.
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Long-Term and Relative Performance
Ganesha Ecosphere’s underperformance extends beyond the recent quarters. The stock has lagged behind the BSE500 index over the last three years, one year, and three months, reflecting persistent challenges in generating shareholder value. The cumulative return of -58.73% over the past year starkly contrasts with the broader market’s positive trajectory.
Despite the subdued returns, the company maintains a relatively low average debt-to-equity ratio of 0.45 times, which may provide some financial flexibility. The return on capital employed (ROCE) stands at 6.3%, and the enterprise value to capital employed ratio is 1.4, indicating a valuation that is attractive relative to peers’ historical averages.
Profitability has also contracted, with profits declining by 24.1% over the past year, further underscoring the pressures on the company’s earnings profile.
Institutional Holdings and Market Sentiment
Institutional investors hold a significant stake in Ganesha Ecosphere, accounting for 31.68% of the shareholding. Notably, this holding increased by 0.83% over the previous quarter, suggesting continued institutional interest despite the stock’s recent performance. These investors typically possess greater resources and analytical capabilities to assess company fundamentals.
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Mojo Score and Market Ratings
MarketsMOJO currently assigns Ganesha Ecosphere a Mojo Score of 29.0, categorising the stock as a Strong Sell. This represents a downgrade from the previous Sell rating, which was updated on 30 May 2025. The company’s market capitalisation grade stands at 3, reflecting its mid-tier size within the Garments & Apparels sector.
The downgrade to Strong Sell is driven by the company’s recent financial results, deteriorating profitability metrics, and sustained negative returns. The stock’s performance relative to sector peers and the broader market continues to be subdued.
Sector and Market Environment
The Garments & Apparels sector has faced headwinds in recent months, with Ganesha Ecosphere’s stock price decline occurring amid a broader market downturn. The Sensex has experienced a three-week consecutive fall, losing 5.2% over this period. While the Sensex trades below its 50-day moving average, the 50DMA remains above the 200DMA, indicating mixed technical signals for the broader market.
Within this context, Ganesha Ecosphere’s stock has underperformed both the sector and the market indices, reflecting company-specific factors alongside sectoral pressures.
Summary of Key Metrics
To summarise, the stock’s key data points as of 21 January 2026 include:
- New 52-week low price: Rs.685.1
- Consecutive daily declines: 8 sessions
- Price return over 8 days: -16.1%
- One-year return: -58.73%
- Net sales decline (Sep 2025 quarter): -0.86%
- Operating profit to interest ratio (quarter): 1.98 times
- PBT less other income (quarter): Rs. -4.69 crores (-118.3%)
- PAT (quarter): Rs. -0.50 crores (-102.2%)
- Debt to equity ratio (average): 0.45 times
- ROCE: 6.3%
- Enterprise value to capital employed: 1.4
- Institutional holdings: 31.68% (up 0.83% QoQ)
The stock’s current valuation metrics indicate a discount relative to peers, but the recent financial performance and price action reflect ongoing challenges for Ganesha Ecosphere Ltd.
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