Ganesh Housing Ltd
Incorporated in 1991, Ganesh Housing Corporation Ltd is in the business of real estate development in residential and commercial segment and infrastructure projects[1]
- Market Cap ₹ 6,876 Cr.
- Current Price ₹ 825
- High / Low ₹ 1,485 / 786
- Stock P/E 32.3
- Book Value ₹ 181
- Dividend Yield 0.62 %
- ROCE 37.4 %
- ROE 28.0 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 51.6% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 22.2%
Cons
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 177 | 184 | 197 | 177 | 207 | 95 | 1 | 4 | 124 | 251 | 594 | 675 | 402 | |
| 70 | 90 | 87 | 64 | 80 | 26 | 25 | 14 | 97 | 95 | 224 | 159 | 108 | |
| Operating Profit | 107 | 93 | 110 | 112 | 128 | 68 | -24 | -10 | 27 | 156 | 370 | 516 | 294 |
| OPM % | 60% | 51% | 56% | 64% | 62% | 72% | -1,828% | -252% | 22% | 62% | 62% | 76% | 73% |
| 4 | 3 | 1 | 2 | -1 | 5 | 2 | 10 | 1 | 1 | 2 | 2 | 0 | |
| Interest | 54 | 53 | 53 | 52 | 57 | 53 | 47 | 44 | 25 | 8 | 1 | 1 | 1 |
| Depreciation | 2 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 3 | 6 | 7 | 7 |
| Profit before tax | 55 | 40 | 56 | 59 | 67 | 19 | -71 | -46 | 0 | 147 | 364 | 510 | 287 |
| Tax % | 24% | 21% | 28% | 36% | 42% | 40% | -11% | 2% | 89% | 37% | 26% | 25% | |
| 42 | 32 | 40 | 38 | 39 | 11 | -63 | -47 | 0 | 92 | 271 | 380 | 213 | |
| EPS in Rs | 8.49 | 6.47 | 8.21 | 7.79 | 7.94 | 2.27 | -12.85 | -9.53 | 0.00 | 11.03 | 32.49 | 45.62 | 25.56 |
| Dividend Payout % | 20% | 27% | 16% | 26% | 23% | 22% | 0% | 0% | 0% | 22% | 34% | 11% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 249% |
| 3 Years: | 76% |
| TTM: | -52% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 28% |
| 5 Years: | 52% |
| 3 Years: | 2019% |
| TTM: | -50% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 27% |
| 5 Years: | 99% |
| 3 Years: | 34% |
| 1 Year: | -21% |
| Return on Equity | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 14% |
| 3 Years: | 22% |
| Last Year: | 28% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 33 | 33 | 33 | 49 | 49 | 49 | 49 | 49 | 83 | 83 | 83 | 83 | 83 |
| Reserves | 616 | 638 | 679 | 688 | 718 | 718 | 652 | 605 | 788 | 880 | 1,131 | 1,420 | 1,425 |
| 301 | 283 | 291 | 357 | 429 | 378 | 322 | 282 | 99 | 4 | 8 | 7 | 55 | |
| 79 | 80 | 90 | 91 | 76 | 54 | 55 | 45 | 125 | 207 | 185 | 175 | 217 | |
| Total Liabilities | 1,028 | 1,033 | 1,092 | 1,186 | 1,272 | 1,199 | 1,078 | 981 | 1,096 | 1,174 | 1,408 | 1,685 | 1,780 |
| 54 | 212 | 212 | 210 | 208 | 208 | 206 | 191 | 192 | 192 | 214 | 212 | 211 | |
| CWIP | 0 | 0 | 2 | 0 | 0 | 0 | 2 | 0 | 0 | 21 | 148 | 360 | 448 |
| Investments | 193 | 193 | 193 | 205 | 203 | 205 | 205 | 228 | 227 | 298 | 525 | 525 | 525 |
| 782 | 628 | 685 | 770 | 860 | 786 | 664 | 562 | 677 | 663 | 521 | 589 | 596 | |
| Total Assets | 1,028 | 1,033 | 1,092 | 1,186 | 1,272 | 1,199 | 1,078 | 981 | 1,096 | 1,174 | 1,408 | 1,685 | 1,780 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 152 | 51 | 140 | 194 | -42 | 56 | 49 | -12 | -150 | 169 | 301 | 317 | |
| -66 | 8 | -119 | -130 | -40 | 77 | 74 | 68 | 137 | 136 | -391 | -260 | |
| -98 | -46 | -10 | -65 | 79 | -136 | -135 | -58 | 9 | -103 | -17 | -94 | |
| Net Cash Flow | -12 | 12 | 11 | -1 | -2 | -3 | -13 | -2 | -4 | 201 | -107 | -37 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 381 | 353 | 183 | 123 | 214 | 480 | 23,276 | 0 | 337 | 130 | 64 | 82 |
| Inventory Days | 73 | 1,122 | ||||||||||
| Days Payable | 251 | 98 | ||||||||||
| Cash Conversion Cycle | 381 | 353 | 183 | 123 | 36 | 480 | 23,276 | 0 | 337 | 130 | 1,087 | 82 |
| Working Capital Days | 55 | 665 | 828 | 914 | 1,076 | 2,217 | 111,078 | 24,125 | 1,425 | 365 | 143 | 186 |
| ROCE % | 11% | 10% | 11% | 11% | 11% | 6% | -2% | -0% | 3% | 16% | 33% | 37% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
13h - Q2 FY26: Revenue Rs174cr, EBITDA Rs148cr, PAT Rs108cr; name change; subsidiary amalgamation approved.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
10 Nov - Audio recording of Q2 FY26 earnings call for quarter/half-year ended Sep 30, 2025. Checklist: - Review announcement content for material information. - Assess investor impact …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
7 Nov - Publication of Newspaper Advertisements - Unaudited Financial Results for the quarter and half year ended September 30, 2025
- Announcement under Regulation 30 (LODR)-Investor Presentation 7 Nov
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Updates
6 Nov - Approved Q2/H1 Sep-2025 results; approved amalgamation of Gatil Properties into GHL, appointed date Apr 1, 2025.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
from bse
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Financial Year 2011
from nse
Concalls
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Nov 2025Transcript PPT REC
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Jul 2025Transcript PPT
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May 2025Transcript PPT REC
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Jan 2025Transcript PPT REC
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Oct 2024Transcript PPT REC
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Oct 2024TranscriptNotesPPT
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Jul 2024Transcript PPT REC
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May 2024Transcript PPT REC
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Jan 2024Transcript PPT REC
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Oct 2023Transcript PPT
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Jul 2023Transcript PPT
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May 2023Transcript PPT
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Jan 2023Transcript PPT
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Oct 2022Transcript PPT
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Jul 2022Transcript PPT
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May 2022Transcript PPT
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Jan 2022TranscriptPPT
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Aug 2018TranscriptNotesPPT
Business Overview:[1][2]
GHCL is a Gujarat based real estate developers certified by ISO 9001-2008, ISO 14001:2004 & OHSAS 18001:2007, ISO 9001:2000 and endorsed by KPMG, USA. It deals in organized housing and construction and has sold 22+ mn Sqft of real estate space, with another 35 million Sqft under development. Additionaly, company aims to extend its presence into Special Economic Zone and township format development