Ganga Bath Fittings Reports Financial Results for March 31, 2026; Appoints Statutory Auditors
Ganga Bath Fittings Limited announced key financial results for the Half-Year and Year ended March 31, 2026, confirming that the statement was issued with an unmodified opinion by the Statutory Auditor. The company also announced the appointment of external auditors for the financial year 2026-27.The company, which was formerly known as Ganga Plast Industries Limited, also presented detailed financial statements covering key periods in 2025 and 2026, including Balance Sheet, Profit & Loss Account, and Cash Flow Statement.
Financial Highlights
The audited financial results and the annual cash flow statement provide a comprehensive overview of the company's performance. Figures are presented in lakhs.Statement of Assets and Liabilities (in lakhs)
| Particulars | As at 31st March 2026 | As at 31st March 2025 |
|---|---|---|
| EQUITY AND LIABILITIES | ||
| Shareholder's Fund: | ||
| Share Capital | 2220.78 | 1,554.48 |
| Reserves and Surplus | 3239.15 | 628.85 |
| SUB-TOTAL | 5459.93 | 2,183.34 |
| Non Current liabilities: | ||
| Long Term Borrowings | 314.85 | 172.70 |
| Long Term Provision | 25.03 | 44.88 |
| Deferred Tax liability (Net) | 39.27 | - |
| SUB-TOTAL | 379.15 | 217.58 |
| Current liabilities: | ||
| Short Term Borrowings | 1150.68 | 1,329.85 |
| Trade Payables (Total) | ||
| Micro enterprise dues | 50.6 | 616.20 |
| Creditors other than Micro enterprise | 678.2 | 46.16 |
| Other Current Liabilities | 133.58 | 131.64 |
| Short Term provisions | 25.03 | 156.17 |
| SUB-TOTAL | 2038.09 | 2,280.02 |
| TOTAL EQUITY AND LIABILITIES | 7871.17 | 4,680.93 |
| ASSETS | ||
| Non Current Assets: | ||
| Property, Plant and Equipment and Intangible Assets (Total) | 2631.49 | 396.15 |
| Current Assets: | ||
| Inventories | 3317.4 | 2708.34 |
| Trade Receivables | 1124.83 | 1164.56 |
| Cash and Cash equivalents | 161.73 | 237.43 |
| Short term Loans and Advances | 245.15 | 32.21 |
| Other Current Assets | 396.57 | 142.25 |
| TOTAL ASSETS | 7877.17 | 4680.93 |
Statement of Profit and Loss (in lakhs)
| Particulars | Half Year Ended 31st March 2026 | Half Year Ended 30th Sept 2025 | Half Year Ended 31st March 2025 | Full Year Ended 31st March 2026 | Full Year Ended 31st March 2025 |
|---|---|---|---|---|---|
| Total Income | 1,553.39 | 1,672.30 | 1,555.45 | 3,525.69 | 3,195.17 |
| Cost of Material Consumed | 1,573.40 | 1,636.47 | 1,943.07 | 3,209.88 | 4,205.71 |
| Changes in Inventory (Net) | (170.37) | (406.15) | (789.18) | (576.52) | (1,935.94) |
| Employee benefit Expenses | 21.65 | 51.45 | 51.05 | 73.10 | 104.95 |
| Finance Cost | 60.71 | 44.31 | 83.53 | 105.01 | 129.85 |
| Depreciation and Amotisation Expenses | 223.57 | 26.32 | 25.87 | 249.88 | 54.41 |
| Other Expenses | 4.32 | 266.86 | 94.06 | 271.17 | 159.87 |
| Total Expenditure | 1,713.27 | 1,619.25 | 1,405.40 | 3,332.52 | 2,715.54 |
| Profit before Tax | 140.12 | 53.05 | 150.06 | 193.17 | 476.33 |
| Total Tax Expense | 18.56 | (19.27) | (46.37) | (64.09) | (134.97) |
| Profit before Extraordinary Items and Tax | 193.17 | 53.05 | 150.06 | 193.17 | 476.33 |
***
Cash Flow from Operating Activities (in lakhs)
| Particulars | 31st March 2026 Audited | 31st March 2025 Audited |
|---|---|---|
| Operating Profit before Working Capital Changes | 548.07 | 660.59 |
| Changes in Working Capital | ||
| Change in Inventory | (609.06) | (514.23) |
| Change in Trade Receivables | 39.73 | (160.18) |
| Change in Short Term Loans & Advances and Provisions | (212.94) | 46.86 |
| Change in Other Current Assets/Trade Payables | (254.32) / 66.44 | 40.49 / (47.14) |
| Change in Other Current Liabilities | 1.95 | (3.05) |
| Change in Short Term Provisions | (131.15) | (54.96) |
| Change in Long Term Provisions | (19.85) | 31.63 |
| Cash generated from operations | (571.13) | 0.01 |
| Less: Income Tax paid | (1.57) | (124.24) |
| Net cash flow from operating activities | (572.70) | (124.23) |
| Cash Flow from Investing Activities: | ||
| Purchase of Fixed Assets/CWIP | (2,530.05) | (10.26) |
| Net Cash flow from investing activities | (2,510.06) | (120.00) |
| Cash Flow from Financing Activities: | ||
| Increase/(Decrease) in Borrowings | 3,112.07 | (130.26) |
| Interest Paid | (105.01) | 609.11 |
| Net cash flow from financing activities | 3,007.05 | (129.85) |
| Net Increase/(Decrease) In Cash & Cash Equivalents | (75.70) | 224.77 |
| Cash equivalents at the end of the year | 161.73 | 237.43 |
Governance and Audit Updates
The Board of Directors held a meeting on May 28, 2026, and considered several material matters, including the audited financial results for the Half-Year and Year ended March 31, 2026.The board also approved the appointment of independent auditors for the Financial Year 2026-27:
| Role | Firm Name | Details |
|---|---|---|
| Internal Auditor | M/s J O M S & Associates, Chartered Accountants, Ahmedabad (FRN: 109219W) | Appointed for the Financial Year 2026 - 27. |
| Secretarial Auditor | M/s Vivek J. Vakharia & Associates, Practicing Company Secretary, Ahmedabad | Appointed for the Financial Year 2026 - 27. |
Furthermore, the company declared that the audited financial results for the Half-Year and Year ended on March 31, 2026, were issued with an unmodified opinion and without any qualifications by the Statutory Auditor.
GANGABATH Stock Price Movement
On Wednesday, Ganga Bath Fittings Limited shares edged higher to close at ₹22.7, marking a solid gain of 0.67% from previous levels. The equity finished the day seeing notable investor interest, trading on a volume of 30,000 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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