Company Profile
Ganga Bath Fittings Limited is a bathroom fittings manufacturer based in Gujarat, India. Established in 2010, the company produces a variety of sanitaryware products, including taps, showers, health faucets, and bathroom accessories. It caters to both residential and commercial segments with a focus on quality, design, and durability. The company operates a modern manufacturing facility and continues to expand its product range to meet evolving customer demands. Through its upcoming IPO, Ganga Bath Fittings aims to strengthen its financial position and fuel future growth.
Business Model
Ganga Bath Fittings Limited operates a product-based manufacturing model, focused on designing, producing, and distributing bathroom fittings and accessories. The company sources raw materials such as brass, stainless steel, and ABS plastic to manufacture a wide range of sanitaryware. These products are sold through a network of distributors, retailers, and online platforms, targeting residential, commercial, and institutional buyers. The business model emphasizes cost efficiency, product quality, and timely delivery to maintain competitiveness in the highly fragmented sanitaryware market.
Product Portfolio
Ganga Bath Fittings Limited offers a wide range of bathroom fittings and accessories tailored for both residential and commercial use. Their product lineup includes chrome-plated (CP) taps, PTMT taps, stainless steel showers, sanitary ware like wash basins and urinals, and various plumbing accessories such as floor traps and waste couplings. The products are designed for durability, aesthetic appeal, and efficient water usage, aiming to meet the needs of modern bathroom solutions.
Features Across Products:
- Durability – Products are built to withstand varied water pressure and temperatures, ensuring long-term performance.
- Smooth Operation – Designed with user-friendly lever mechanisms for easy and reliable use.
- Water-Saving Technology – Flow restrictors are used to reduce water usage without compromising efficiency.
- Anti-Clog Aerators – Equipped with aerators that help prevent lime buildup and ensure a clean water flow.
- High-Quality Finish – Chrome plating and corrosion-resistant materials provide a polished look and long-lasting appeal.
Financial Snapshot (as of March 31, 2024)
📊 Financial Highlights (₹ in Crores)
| Financial Metric | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Revenue (₹ Cr) | 22.34 | 30.68 | 32.01 |
| Expenses (₹ Cr) | 22.16 | 30.20 | 28.41 |
| Profit After Tax (₹ Cr) | 0.21 | 0.31 | 2.48 |
| Total Assets (₹ Cr) | 29.87 | 32.03 | 33.74 |
| EBITDA Margin (%) | – | – | 12.04 |
| PAT Margin (%) | – | – | 4.38 |
| Return on Equity (ROE) (%) | – | – | 15.07 |
| Return on Capital Employed (%) | – | – | 358.93 |
| Debt-to-Equity Ratio | – | – | 0.49 |
| Earnings Per Share (EPS) (₹) | – | – | 2.71 |
| Price-to-Earnings (P/E) Ratio | – | – | 18.08 |
| Net Asset Value (NAV) (₹) | – | – | 16.61 |
📈 Key Financial Ratios
| Ratio | Value | Meaning |
|---|---|---|
| Earnings Per Share (EPS) | ₹2.71 | Indicates the portion of profit allocated to each outstanding share. |
| Price to Earnings (P/E) Ratio | 18.08 | Reflects how much investors are willing to pay per rupee of earnings. |
| Return on Equity (ROE) | 15.07% | Measures the company’s efficiency in generating profits from shareholders’ equity. |
| Return on Capital Employed | 358.93% | Shows how effectively capital is being used to generate profits. |
| Debt-to-Equity Ratio | 0.49 | Reflects the proportion of debt financing relative to shareholders’ equity. |
| Net Asset Value (NAV) | ₹16.61 | Indicates the per-share value of the company’s net assets. |
Initial Public Offering (IPO) Plans
Ganga Bath Fittings Limited is launching an IPO to raise capital for expanding its manufacturing capabilities, reducing debt, and supporting working capital needs. The company will offer shares through a book-building process and plans to list on the NSE Emerge SME platform. The funds raised will help the company scale operations, invest in new equipment, and strengthen its financial position to meet growing market demand for bathroom fittings and accessories.
🎯 Objectives of the IPO
Expansion of Manufacturing Capacity – To invest in new machinery and equipment for increased production.
Debt Repayment – To repay or prepay existing loans, reducing financial costs and improving the balance sheet.
Working Capital Support – To strengthen day-to-day operational funding and ensure smooth business activities.
General Corporate Purposes – To support overall business growth and strategic initiatives.
Future Outlook
Ganga Bath Fittings Limited is well-positioned to grow in the expanding Indian bath fittings market. Rising urbanization and increased consumer spending on home improvement are driving demand for quality bathroom products. The company plans to launch new products, adopt advanced technologies, and expand manufacturing capacity to meet market needs. These steps aim to strengthen its competitive position and support long-term growth.
Key Growth Areas:
Product Innovation: Expanding the product range with new and advanced bathroom fittings to meet evolving customer preferences.
Capacity Expansion: Increasing manufacturing capabilities through new machinery and facility upgrades.
Technological Integration: Introducing modern technologies and materials to enhance product quality and performance.
Market Expansion: Strengthening presence in existing markets and exploring new regional and international markets.
Brand Building: Enhancing brand awareness and customer engagement through focused marketing and quality assurance.
🧭 Vision and Leadership
Vision:
Ganga Bath Fittings Limited aims to be a leading provider of innovative and high-quality bathroom fittings in India, committed to enhancing customer experiences through durable and stylish products.
Leadership:
The company is guided by experienced professionals with deep industry knowledge and a strong focus on innovation, quality, and customer satisfaction. Their leadership drives strategic growth, operational excellence, and a culture of continuous improvement.
Market Positioning and Growth Prospects
Ganga Bath Fittings Limited has established itself as a reliable manufacturer of quality bathroom fittings, focusing on durability and design. The company operates advanced manufacturing facilities and offers a wide product range to serve both residential and commercial customers.
The Indian bath fittings market is growing steadily, driven by urbanization, rising incomes, and demand for modern, premium products. Ganga plans to expand its product portfolio, increase manufacturing capacity, and explore new markets. These efforts position the company well to capture growth opportunities in a competitive industry.
