---
title: "Gangadharam Appliances Ltd (Merged) (523263) — Share Price, Financials & Analysis"
symbol: "523263"
company: "Gangadharam Appliances Ltd (Merged)"
canonical: "https://tapetide.com/stocks/523263"
bse_code: "523263"
sector: "Consumer Discretionary"
industry: "Consumer Durables"
generated_at: "2026-09-13T19:15:32.450Z"
---

# Gangadharam Appliances Ltd (Merged) (523263)

Canonical page: https://tapetide.com/stocks/523263

## Company

- **BSE Code:** 523263
- **Sector:** Consumer Discretionary
- **Industry:** Consumer Durables
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** DELISTED
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** butterflyindia.com

## Latest Price

## Growth Rates

| Metric | 1Y |
| --- | --- |
| net income growth | 155% |
| revenue growth | 132% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2024 | Sep 2025 |
| --- | --- | --- |
| Sales | 82 | 121 |
| Expenses | 78 | 114 |
| Operating Profit | 4 | 7 |
| OPM % | 5 | 6 |
| Other Income | 1 | 1 |
| Interest | 0 | 0 |
| Depreciation | 0 | 1 |
| Profit before tax | 4 | 7 |
| Tax % | 25 | 27 |
| Net Profit | 3 | 5 |
| EPS in Rs | 2.82 | 4.66 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Jun 2007 15m | Jun 2008 | Dec 2008 6m | Mar 2010 15m |
| --- | --- | --- | --- | --- | --- |
| Sales | 4.75 | 6.98 | 6.36 | 3.5 | 8.13 |
| Expenses | 4.8 | 35.89 | 4.9 | 4.92 | 6.18 |
| Operating Profit | -0.05 | -28.91 | 1.46 | -1.42 | 1.95 |
| OPM % | -1.05 | -414.18 | 22.96 | -40.57 | 23.99 |
| Other Income | 0.12 | 59.41 | 0.1 | 0.02 | 0.13 |
| Interest | 0.06 | 0.71 | 0.08 | 0.04 | 0.03 |
| Depreciation | 0.85 | 1.04 | 0.84 | 0.42 | 1.02 |
| Profit before tax | -0.84 | 28.75 | 0.64 | -1.86 | 1.03 |
| Tax % | 0 | 0 | 2095.31 | 0.54 | 0.97 |
| Net Profit | -0.84 | 28.75 | -12.77 | -1.87 | 1.02 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Jun 2007 | Jun 2008 | Dec 2008 | Mar 2010 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 8.95 | 8.95 | 11.59 | 11.59 | 11.59 |
| Reserves | -59 | -22.1 | -26.81 | -28.68 | -27.66 |
| Borrowings | 68.98 | 31.08 | 19.92 | 19.5 | 19.22 |
| Other Liabilities | 6.86 | 6.3 | 5.51 | 4.44 | 3.72 |
| Total Liabilities | 25.79 | 24.23 | 10.21 | 6.85 | 6.87 |
| Fixed Assets | 7.58 | 6.59 | 6 | 5.58 | 4.84 |
| CWIP | 0 | 0 | 0 | 0 | 0.01 |
| Investments | 2.65 | 2.65 | 2.65 | 0 | 0 |
| Other Assets | 15.56 | 14.99 | 1.56 | 1.27 | 2.02 |
| Total Assets | 25.79 | 24.23 | 10.21 | 6.85 | 6.87 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Jun 2007 | Jun 2008 | Dec 2008 | Mar 2010 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0.29 | 29.95 | — | — | — |
| Cash from Investing Activity | -0.04 | -0.05 | — | — | — |
| Cash from Financing Activity | -0.23 | -29.76 | — | — | — |
| Net Cash Flow | 0.02 | 0.14 | — | — | — |
| Free Cash Flow | 0.25 | 29.9 | — | — | — |
| CFO/OP | -580 | -104 | — | — | — |

### Ratios

| Item | Mar 2006 | Jun 2007 | Jun 2008 | Dec 2008 | Mar 2010 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 53.79 | 38.7 | 52.8 | 71.96 | 62.85 |
| Inventory Days | 166.33 | 61.98 | 67.91 | 149.32 | 76.4 |
| Days Payable | 369.62 | 278.23 | 560.23 | 713.41 | 645.12 |
| Cash Conversion Cycle | -149.5 | -177.55 | -439.53 | -492.13 | -505.87 |
| Working Capital Days | -363.46 | -255.19 | -230.13 | -334.76 | -79.46 |
| ROCE % | — | 2.17 | 6.36 | -17.9 | 38.13 |

## Shareholding Pattern

### annual

| Category | Mar 2024 | Mar 2025 | Sep 2025 |
| --- | --- | --- | --- |
| Promoters | 68.63% | 68.63% | 64.74% |
| FIIs | 0.03% | 0.98% | 5.03% |
| Public | 31.34% | 30.4% | 30.23% |
| No. of Shareholders | 1337 | 514 | 453 |

### Quarterly

| Category | Mar 2024 | Sep 2024 | Mar 2025 | May 2025 | Sep 2025 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 68.63% | 68.63% | 68.63% | 65.45% | 64.74% |
| FIIs | 0.03% | 0.03% | 0.98% | 4.55% | 5.03% |
| Public | 31.34% | 31.34% | 30.4% | 30.01% | 30.23% |
| No. of Shareholders | 1337 | 1312 | 514 | 480 | 453 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 5 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 159.77 | Sell |
| EMA (10) | 160.48 | Sell |
| SMA (20) | 168.35 | Sell |
| EMA (20) | 166 | Sell |
| SMA (50) | 179.61 | Sell |
| EMA (50) | 179.11 | Sell |
| SMA (100) | 203.55 | Sell |
| EMA (100) | 193.73 | Sell |
| SMA (200) | 211.98 | Sell |
| EMA (200) | 207.1 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 35.38 | Neutral |
| MACD (12,26,9) | -7.15 | Sell |
| Stochastic (14,3,3) | 14.79 | Buy |
| ADX (14) | 38.76 | Buy |
| Williams %R (14) | -75.83 | Neutral |
| ATR (14) | 6.87 | High Volatility |
| ROC (12) | -8.3 | Sell |
| Stoch RSI (14) | 53.77 | Neutral |
| UO (7,14,28) | 45.85 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 7 January 2026 - Registrar certificate: all shares dematerialised; Reg 74(5) not applicable for quarter ended Dec 31, 2025. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 7 January 2026 - Registrar certificate: all shares dematerialised; Reg 74(5) not applicable for quarter ended Dec 31, 2025.](https://nsearchives.nseindia.com/corporate/Nitin_07012026180152_CCCLReg74certificate.pdf) |
| 6 January 2026 - Allotment of 1,15,000 shares at Rs.81 on Jan 6, 2026; Rs.69,86,250 received; paid-up capital Rs.11.5746 crore. | [General Updates 6 January 2026 - Allotment of 1,15,000 shares at Rs.81 on Jan 6, 2026; Rs.69,86,250 received; paid-up capital Rs.11.5746 crore.](https://nsearchives.nseindia.com/corporate/Nitin_06012026124905_OutcomeFRCM6Jan2026.pdf) |
| 2 March 2026 - Trading window reopens March 05, 2026; potential acquisition exploration ceased. | [Trading Window 2 March 2026 - Trading window reopens March 05, 2026; potential acquisition exploration ceased.](https://nsearchives.nseindia.com/corporate/Nitin_02032026170512_CCCLAcquisitionNewsWithdrwal.pdf) |
| 2 December 2025 - Opened Koramangala, Bengaluru branch effective Dec 1, 2025; closed Shivaji Nagar office Nov 30, 2025. | [General Updates 2 December 2025 - Opened Koramangala, Bengaluru branch effective Dec 1, 2025; closed Shivaji Nagar office Nov 30, 2025.](https://nsearchives.nseindia.com/corporate/Nitin_02122025110631_BangaloreNewOfficeAnnouncement2ndDec2025.pdf) |
| 17 December 2025 - Unaudited standalone and consolidated results for half-year ended Sep 30, 2025; limited review and proceeds utilization certificate. | [Updates 17 December 2025 - Unaudited standalone and consolidated results for half-year ended Sep 30, 2025; limited review and proceeds utilization certificate.](https://nsearchives.nseindia.com/corporate/Nitin_17122025114122_signedrevisedmachinereadableBoardMeetingOutcome12November25.pdf) |
| 12 November 2025 - No deviation in utilization of Rs.15.08 crore raised via 11-Feb-2025 preferential warrants; funds unutilized in short-term investments. | [Statement of deviation(s) or variation(s) under Reg. 32 12 November 2025 - No deviation in utilization of Rs.15.08 crore raised via 11-Feb-2025 preferential warrants; funds unutilized in short-term investments.](https://nsearchives.nseindia.com/corporate/Nitin_12112025130802_CertificateRegulations32SEBILODRSEpt2025Preferential_Issue.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28180_COMMITTED_2024_2025_A_24259096_02092025181604.pdf) |
| from nse | [Financial Year 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_24702_COMMITTED_2023_2024_29072024133626.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Jun 2024 | [Concall - Jun 2024](https://nsearchives.nseindia.com/corporate/COMMITTED_12062024175659_CCCLInvestorsPresentationRegulation30SEBILODRMarch2024.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:15:32.450Z.