Other income fell 60.90% to Rs 0.52 crore. Provision for interest rose 37.50% to Rs 2.31 crore. Provision for depreciation rose 0.99% to Rs 7.11 crore. Profit before tax grew 128.73% to Rs 24.20 crore. Effective tax rate was 26.45% compared to negative 52.65%. Net profit attributable to owners of the company increased 10.22% to Rs 17.80 crore.

Full year results analysis

Net sales (including other operating income) of Ganesha Ecosphere has declined 15.49% to Rs 751.14 crore. Operating profit margin has slumped from 12.57% to 11.25%, leading to 24.35% decline in operating profit to Rs 84.49 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 60.90% to 61.00%. Purchase of finished goods cost rose from 1.56% to 2.49%. Employee cost decreased from 6.56% to 6.36%. Other expenses rose from 18.76% to 18.96%. Cost of Sales rose from 68.83% to 72.10%. Inventories cost fell from 2.82% to 0.48%. Power and Oil fuel cost fell from 9.18% to 9.09%.

Other income rose 27.43% to Rs 9.43 crore. Provision for interest rose 13.38% to Rs 8.81 crore. Loan funds rose to Rs 120.21 crore as of 31 March 2021 from Rs 83.51 crore as of 31 March 2020. Inventories rose to Rs 172.52 crore as of 31 March 2021 from Rs 144.81 crore as of 31 March 2020. Sundry debtors were higher at Rs 105.55 crore as of 31 March 2021 compared to Rs 97.37 crore as of 31 March 2020. Cash and bank balance rose to Rs 15.16 crore as of 31 March 2021 from Rs 4.87 crore as of 31 March 2020. Investments declined from Rs 83.22 crore as of 31 March 2020 to Rs 72.13 crore as of 31 March 2021.

Provision for depreciation fell 3.17% to Rs 27.16 crore. Fixed assets increased to Rs 327.50 crore as of 31 March 2021 from Rs 303.71 crore as of 31 March 2020. Intangible assets declined from Rs 1.86 crore to Rs 1.40 crore.

Profit before tax shrink 30.41% to Rs 57.95 crore. Provision for tax was expense of Rs 14.43 crore, compared to Rs 19.59 crore. Effective tax rate was 24.90% compared to 23.53%.

Net profit attributable to owners of the company decreased 31.66% to Rs 43.52 crore.

Promoters' stake was 42.14% as of 31 March 2021 ,compared to 40.36% as of 31 March 2020 .

Cash flow from operating activities decreased to Rs 27.40 crore for year ended March 2021 from Rs 79.99 crore for year ended March 2020. Cash flow used in acquiring fixed assets during the year ended March 2021 stood at Rs 59.28 crore, compared to Rs 31.69 crore during the year ended March 2020.

The Board has recommended dividend, subjecl to lhe approval of members at the forthcoming Annual General Meeting of the Company, of Rs.2 per share on Equity Shares of Rs. 10/- each of lhe company, for the financial year 2020-21.

The scrip is currently trading at Rs 583