Ganon Products Ltd (512443)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Ganon Products' revenue was ₹0.9 Cr, and net profit ₹0.0 Cr (+112.5% year on year); the operating margin was 6.3%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹0.9 | — | -77.6% |
| Operating profit | ₹0.1 | from loss | -96.1% |
| Net profit | ₹0.0 | +112.5% | -77.6% |
| Operating margin | 6.3% | — | — |
📢 Recent Corporate Announcements
Promoter group entity Kamla Business Ventures LLP sold 95,503 equity shares, representing a 1.02% stake in Ganon Products Limited, on October 1, 2026, through open market transactions. Following the disposal, the entity's holding in the micro-cap company decreased from 6.95% (650,372 shares) to 5.93% (554,869 shares). At the current share price of Rs 7.1, the transaction is valued at approximately Rs 0.07 crore. Ganon Products currently holds a market cap of approximately Rs 7 crore with high leverage (Debt to Equity of 0.95).
- 95,503 shares (1.02% of voting capital) sold in the open market on 01.10.2026
- Seller's stake reduced from 6.95% (650,372 shares) to 5.93% (554,869 shares)
- Total diluted share and voting capital remains at 9,33,10,000
- Seller is categorized under the Promoter / Promoter group
Ganon Products Limited reported voting results for its 41st Annual General Meeting held on September 30, 2026. All proposed ordinary resolutions, including the adoption of financial statements and the reappointment of director Ravindra Gopale, were passed with requisite majority. Out of 93,31,000 total shares, 6,11,108 votes were polled (6.55% turnout), with 99.999% voted in favour. The promoter group held 6,50,372 shares but cast zero votes in the process.
- 41st AGM concluded on September 30, 2026 via Video Conferencing with 20 members attending (1 promoter, 19 public)
- Total voter turnout stood at 6.549% of outstanding shares (6,11,108 votes polled out of 93,31,000 shares)
- Both ordinary resolutions passed with 99.999% votes in favour (6,11,105 votes for vs 3 against)
- Promoter group holding 6,50,372 shares did not cast any votes during the meeting
Ganon Products Ltd has announced the resignation of Mr. Anand Mahadevan from his position as an Independent Director, effective from the close of business hours on August 10, 2026. The Board of Directors formally noted the resignation during a meeting on August 11, 2026. This management change occurs against a backdrop of a significant decline in promoter holding, which reached 0.0% in June 2026. The company remains a micro-cap entity with a market capitalization of only Rs 8 Cr and a debt of Rs 11 Cr.
- Resignation of Independent Director Mr. Anand Mahadevan effective August 10, 2026
- Board meeting to note the resignation concluded within 35 minutes on August 11, 2026
- Company currently operates with 0.0% promoter holding as of the June 2026 quarter
- Debt levels of Rs 11 Cr exceed the current market capitalization of Rs 8 Cr
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Mr. Anand Mahadevan has resigned as an Independent Director of Ganon Products Ltd effective August 10, 2026. This management change occurs in a micro-cap company with a market capitalization of only Rs 8 Cr and a TTM revenue of Rs 7 Cr. Of significant note for investors is that the promoter holding has dropped to 0.0% as of June 2026, down from 25.25% in September 2025, while the company carries a debt of Rs 11 Cr.
- Resignation of Independent Director Mr. Anand Mahadevan effective from the close of business hours on August 10, 2026
- Promoter holding has reached 0.0% as of the June 2026 quarter, down from 12.2% in March 2026
- Company debt of Rs 11 Cr currently exceeds its total market capitalization of Rs 8 Cr
- TTM revenue stands at Rs 7 Cr with a net profit of Rs 1 Cr for the same period
Ganon Products reported a sharp sequential decline in revenue to ₹0.91 Cr for the quarter ended June 30, 2026, down from ₹4.06 Cr in the previous quarter (Q4 FY26). Net profit followed a similar trend, falling to ₹4.25 Lakhs from ₹18.84 Lakhs QoQ. While the company showed growth compared to the zero-revenue base of Q1 FY26, the overall scale remains extremely small relative to its ₹11 Cr debt. The company continues to operate with thin margins in the commodity trading segment.
- Revenue from operations fell 77.6% sequentially to ₹90.80 Lakhs in Q1 FY27.
- Net profit decreased to ₹4.25 Lakhs for the quarter, down from ₹18.84 Lakhs in the preceding quarter.
- Total expenses stood at ₹85.06 Lakhs, primarily driven by stock-in-trade purchases of ₹76.00 Lakhs.
- Earnings Per Share (EPS) for the quarter was reported at ₹0.05, down from ₹0.20 in Q4 FY26.
- Promoter holding has reached 0.0% as of June 2026, down from 12.2% in March 2026.
Ganon Products reported a significant YoY revenue increase to ₹90.80 Lakhs in Q1 FY27, up from ₹10.90 Lakhs in Q1 FY26. Net profit grew 164% YoY to ₹4.25 Lakhs, although this represents a sharp sequential decline from the ₹18.84 Lakhs profit recorded in Q4 FY26. The company operates on a very small scale with a market cap of only ₹8 Cr and a TTM revenue of ₹7 Cr. A critical observation for investors is the promoter holding, which has dropped to 0.0% as of June 2026.
- Total Revenue for Q1 FY27 stood at ₹90.80 Lakhs compared to ₹10.90 Lakhs in Q1 FY26.
- Net Profit increased to ₹4.25 Lakhs from ₹1.61 Lakhs in the corresponding quarter of the previous year.
- Sequential revenue declined by 77.6% compared to the ₹405.50 Lakhs reported in Q4 FY26.
- Earnings Per Share (EPS) for the quarter was ₹0.05, up from ₹0.02 YoY.
- Total Expenses for the quarter were ₹85.06 Lakhs, with Purchase of Stock-in-Trade accounting for ₹76.00 Lakhs.
Ganon Products Ltd has scheduled a board meeting for August 3, 2026, to approve unaudited financial results for the quarter ended June 30, 2026. The company is a micro-cap entity with a market capitalization of just ₹9 Cr and has seen its promoter holding drop to 0.0% as of June 2026. Financial performance has been volatile, with FY26 revenue at ₹6.72 Cr compared to ₹17.07 Cr in FY25. Investors should monitor if the revenue momentum from the March 2026 quarter (₹4.06 Cr) is sustained.
- Board meeting scheduled for August 3, 2026, to approve Q1 results.
- Trading window is closed and will reopen 48 hours after the results declaration.
- Company reported a TTM revenue of ₹7 Cr against a market cap of ₹9 Cr.
- Promoter holding has reached 0.0% as of the June 2026 quarter.
- Debt-to-equity ratio stands at 0.95 with total debt of ₹11 Cr.
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