GANGESSECU - Ganges Securitie
Financial Performance
Revenue Growth by Segment
Consolidated total income for the six months ended September 30, 2025, grew 44.26% YoY to INR 21.86 Cr (2186.54 lakhs) from INR 15.15 Cr (1515.63 lakhs). Standalone (Investment) income grew 20.81% YoY to INR 5.66 Cr (566.15 lakhs) from INR 4.68 Cr (468.61 lakhs). The tea subsidiary segment contributed approximately 74.1% of consolidated revenue.
Geographic Revenue Split
Not disclosed in available documents.
Profitability Margins
Consolidated Net Profit before tax for the six months ended September 30, 2025, was INR 4.78 Cr (478.58 lakhs) on INR 21.86 Cr income, representing a margin of 21.89%. Standalone Net Profit for Q2 FY26 was INR 3.52 Cr (352.88 lakhs).
EBITDA Margin
Not disclosed in available documents.
Capital Expenditure
Not disclosed in available documents.
Credit Rating & Borrowing
Not disclosed in available documents.
Operational Drivers
Raw Materials
Green tea leaves, fertilizers, and fuel for processing (implied by subsidiary operations in the tea industry).
Import Sources
Not disclosed in available documents.
Key Suppliers
Not disclosed in available documents.
Capacity Expansion
Not disclosed in available documents.
Raw Material Costs
Not disclosed in available documents.
Manufacturing Efficiency
Not disclosed in available documents.
Logistics & Distribution
Not disclosed in available documents.
Strategic Growth
Expected Growth Rate
44.26%
Growth Strategy
Growth is driven by the performance of the wholly-owned subsidiary, Cinnatolliah Tea Ltd, and the company's investment portfolio. Strategy includes stabilizing subsidiary operations following internal fraud and maintaining compliance with the Tea Act, 1953, to ensure consistent production output.
Products & Services
Investment and securities services; Tea production and sales (via Cinnatolliah Tea Ltd).
Brand Portfolio
Cinnatolliah Tea, Birla Sugar (associated via corporate identity).
New Products/Services
Not disclosed in available documents.
Market Expansion
Not disclosed in available documents.
Market Share & Ranking
Not disclosed in available documents.
Strategic Alliances
Not disclosed in available documents.
External Factors
Industry Trends
The tea industry is evolving under strict regulatory frameworks like the Tea Act 1953 and Food Safety and Standards Act 2006, requiring higher compliance costs for quality and labor standards.
Competitive Landscape
Not disclosed in available documents.
Competitive Moat
Association with the Birla Group provides a strong brand legacy and access to capital. The tea plantation assets of Cinnatolliah represent a tangible asset-based moat with established production cycles.
Macro Economic Sensitivity
Sensitivity to agricultural cycles and labor regulations affecting the tea industry.
Consumer Behavior
Not disclosed in available documents.
Geopolitical Risks
Not disclosed in available documents.
Regulatory & Governance
Industry Regulations
Operations are governed by the Tea Act 1953, Plantation Labour Act 1951, Legal Metrology Act 2009, and The Food Safety and Standards Act 2006.
Environmental Compliance
Not disclosed in available documents.
Taxation Policy Impact
Not disclosed in available documents.
Legal Contingencies
The company reported no pending litigations impacting its financial position as of March 31, 2025. However, it incurred a fine of INR 1,00,000 from NSE (paid) and INR 1,00,000 from BSE (waiver pending) for delayed appointment of a Company Secretary.
Risk Analysis
Key Uncertainties
Internal control risks evidenced by the misappropriation of funds by the subsidiary CFO; regulatory compliance risks regarding KMP appointments.
Geographic Concentration Risk
Operations are concentrated in Uttar Pradesh (Hargaon) and West Bengal (Kolkata).
Third Party Dependencies
Not disclosed in available documents.
Technology Obsolescence Risk
Not disclosed in available documents.
Credit & Counterparty Risk
Not disclosed in available documents.