Credit rating
Credit Rating 4 Sep - CRISIL reaffirmed ratings on Rs.196 crore bank facilities: BBB+/Stable and A2.
Source: Nse
Ganesh Infraworld Ltd. (GANESHIN)
SME CapInfra stocks · SME cap · NSE
Ganesh Infraworld Ltd. operates in Infrastructure, within the Infra sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
₹84
-3.25 · -3.72%
Market cap ₹382 Cr
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals18 Oct 2026 · screener
Latest result16 Aug, 12:43 am IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags24 Apr 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Infra P/E 15.4 (n=87)
Technical timing lens
Trend score and candlestick chart
35BearishSMA20 -13.8% / mo · MACD + · near 52W low · sector -2.7pp vs Nifty 500 (3M)
Stock trend: 34
Sector RS: 35
Sector 3M: -8.3% vs Nifty 500 -5.6%
Infra FPI tailwindFlow only
FPI equity flow was positive in both fortnights, but the sector index is below its 100-session average. View sector evidence
Technical chart
GANESHIND candles · FIT view-6.7%Latest close ₹84.00 on 2026-10-19
Bar
-5.6%
RSI
39
MACD hist
0.26
52W pos
10%
2026-10-19O ₹89.00H ₹89.00L ₹83.25C ₹84.00Vol 84,800 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
GANESHINNifty InfraNifty 500
- GANESHIN
- -10.6%
- Nifty 500
- -5.6%
- Nifty Infra
- -8.2%
- Vs Nifty 500
- -5.1 pp
Chart stats
19 Oct 2026- From 52W high
- -66.4%
- 52W range position
- 10%
- ATR (14)
- 5.1%
- Volume vs 20D
- 1.96x
- Avg traded value
- ₹0.4 Cr
- 20D price channel
- ₹82.9 - ₹94.9
₹250
₹66.4 - ₹250
₹4.3
Latest completed session
20-session average
37.3% annualized volatility
Research snapshot
What the evidence says now
Investable fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is consistent.
Suggested next step
Add to watchlist
Fundamental setup is interesting, but technical confirmation is weak.
U-Score
Legacy · UNDERVALUED74
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent95
Revenue +109.4% · PAT +100.0% YoY
Technical
Bearish35
Price trend and sector-relative-strength timing.
Valuation
Legacy model+83.0%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence63
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Excellent · 95/100Rev +109% YoY · PAT +100% YoY · margin expansion · +65% QoQ
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹379 Cr | +109.4% | +64.8% |
| EBITDA | ₹60 Cr | +185.7% | +100.0% |
| Operating margin | 16.0% | +500 bps | +300 bps |
| PAT | ₹30 Cr | +100.0% | +25.0% |
| PAT margin | 7.9% | -37 bps | -251 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 4.18
- P/B
- 1.46
- EV/EBITDA
- 5.58
- Market Cap
- 382.00Cr
Profitability
- ROE
- 35.10%
- ROCE
- 18.90%
- ROA
- 7.89%
- Dividend Y
- 0.12%
Growth (CAGR)
- Revenue 5Y
- 38.63%
- EPS 5Y
- 50.83%
- Revenue 3Y
- 38.63%
- EPS 3Y
- 50.83%
Balance Sheet
- Debt/Equity
- 1.94
- Interest Coverage
- 6.55×
- Altman Z
- 1.93
- Book Value
- 59.70
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 0/5
- OCF
- -41.00 Cr
- EPS TTM
- 21.37
Shareholding
- Promoter Hold
- 56.35%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 11%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 836+55.4% vs prev
Net Profit
₹ CrLatest: 76.0+90.0% vs prev
Return on Equity
%Latest: 29.8+33.3% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 39. Wait for confirmation.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~16.0% over last month) — short-term momentum negative.
- RSI(14) at 39 — rising, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- 66% off 52W high · 27% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
7
RS percentile
Stage 1 Base / Transition
1M return
-9.8%
3M return
-10.6%
6M return
-15.7%
1Y return
-62.7%
RS 1D
-1
RS 20D
-9
Sector rank
#16
Industry rank
#70
Stage evidence
- Price is 8.6% below the 30-week proxy without full trend alignment.
- The 30-week proxy changed +1.2% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
lagging
Industry
lagging
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 36.9-2.74%
RS vs Nifty 50037
Valuation & peers
U-Score 74 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 74 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Top Setup
Fundamental score breakdown
U band · UNDERVALUEDValuation29/30
Growth24/25
Quality18/20
Balance Sheet2/15
Cash Flow0/10
Piotroski
5/9 (+3)
Penalties
-2
Raw sum
74
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
74/100 · legacy band UNDERVALUED
Positive drivers
- Fair-value margin of safety is positive at 83.0%.
- Valuation contributes 29/30 to the score.
- Growth contributes 24/25 to the score.
Main drags
- Penalty bucket subtracts 2 points.
- Cash flow is weaker at 0/10; verify the latest quarterly trend.
- Balance sheet is weaker at 2/15; verify the latest quarterly trend.
Sector valuation model
Execution business valuation: EV/EBITDA plus order and working-capital risk
Capital-intensive execution stories need cash-flow and balance-sheet checks alongside valuation.
Primary lens
EV/EBITDA and PE against execution quality and margin stability.
Secondary checks
Order book, receivables, working capital, debt, operating cash flow.
Main risk check
Order wins matter only if they convert into cash and margins.
PE
4.2
PB
1.5
EV/EBITDA
5.6
ROE
35.1%
ROCE
18.9%
FCF Yield
—
Debt/Equity
1.9
MoS
+83.0%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
74
Previous: 74
Legacy U-Score band
UNDERVALUED
Previous: UNDERVALUED
Margin of safety
+83.0%
Previous: +83.9%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
74
74
74
74
74
74
74
74
74
74
74
74
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹169.43
+50.4% MoS
Growth-justified P/E
23.1
Growth-justified Value
₹493.65
+83.0% MoS
PEG
0.08
Comparable companies
Peers
Business-comparable peers in Infra — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
VISHNUINFR
SME
Vishnusurya Projects and Infra Ltd.
Construction & Engineering
match 94
75
8.8
18.3%
+66%
DEEP VALUE
CHAVDA
SME
Chavda Infra Ltd.
Construction & Engineering
match 89
30
18.1
10.1%
+13%
OVERVALUED
MRIL
SME
Mahendra Realtors & Infrastructure Ltd.
Construction & Engineering
match 87
76
7.1
18.3%
+69%
DEEP VALUE
CURRENT
SME
Current Infraprojects Ltd.
Construction & Engineering
match 87
56
12.5
27.2%
+50%
FAIR VALUE
WINSOL
SME
Winsol Engineers Ltd.
Construction & Engineering
match 86
66
8.2
25.5%
+66%
UNDERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Ganesh Infraworld Ltd. operates in Infrastructure, within the Infra sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
63Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 38th percentile of the scored universe and 44th percentile within Infra. Main check: cash conversion is weak at 28/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
13 docs text-extracted · 5 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
38th percentile
overall median 67 · Infra: 44th pctile, median 64 · SME: 45th pctile, median 64
Evidence depth
Financial-only
13 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
28
weak · profit to cash conversion
Balance sheet
61
acceptable · leverage and solvency
Discipline
76
strong · capital discipline
Results
87
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 56.4%.
- ▸Promoter pledge is zero.
- ▸4/4 latest quarters had positive YoY revenue growth.
- ▸4/4 latest quarters had positive YoY PAT growth.
Trust risks
- ▸Operating cash flow is negative at ₹-41 Cr.
- ▸Promoter holding fell 3%.
- ▸Only 0 years of positive FCF.
- ▸Debt/equity is 1.94.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Ganesh Infraworld Ltd.
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Nse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Nse
Investor presentationMay 2026
May 2026 · PPT
Source: Nse
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Nse
Annual reportMar 2026
Jul 2026 · Updates 17 July 2026 - Annual Report for FY 2025-26 submitted; XBRL filing due later.
Source: Nse
Investor presentationJan 2026
Jan 2026 · PPT
Source: Nse
Investor presentationNov 2025
Nov 2025 · PPT
Source: Nse
Concall transcriptNov 2025
Nov 2025 · Transcript
Source: Nse
Investor presentationJul 2025
Jul 2025 · PPT
Source: Nse
Concall transcriptJul 2025
Jul 2025 · Transcript
Source: Nse
Concall transcriptMay 2025
May 2025 · Transcript
Source: Nse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.