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 ₹ 6,751 Cr.
- Current Price ₹ 810
- High / Low ₹ 938 / 500
- Stock P/E 73.5
- Book Value ₹ 180
- Dividend Yield 0.19 %
- ROCE 3.26 %
- ROE 2.38 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 26.6%
Cons
- Company has high debtors of 346 days.
- Working capital days have increased from 403 days to 880 days
* 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.
Peer comparison
Consumer Discretionary Realty Realty Residential, Commercial Projects
Part of BSE Consumer Discretionary BSE 1000
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 184 | 197 | 177 | 207 | 95 | 1 | 4 | 124 | 251 | 594 | 675 | 125 | 395 | |
| 90 | 87 | 64 | 80 | 26 | 25 | 14 | 97 | 95 | 224 | 159 | 67 | 214 | |
| Operating Profit | 93 | 110 | 112 | 128 | 68 | -24 | -10 | 27 | 156 | 370 | 516 | 58 | 182 |
| OPM % | 51% | 56% | 64% | 62% | 72% | -1,828% | -252% | 22% | 62% | 62% | 76% | 46% | 46% |
| 3 | 1 | 2 | -1 | 5 | 2 | 10 | 1 | 1 | 2 | 2 | 2 | 2 | |
| Interest | 53 | 53 | 52 | 57 | 53 | 47 | 44 | 25 | 8 | 1 | 1 | 1 | 3 |
| Depreciation | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 3 | 6 | 7 | 7 | 6 |
| Profit before tax | 40 | 56 | 59 | 67 | 19 | -71 | -46 | 0 | 147 | 364 | 510 | 53 | 175 |
| Tax % | 21% | 28% | 36% | 42% | 40% | -11% | 2% | 89% | 37% | 26% | 25% | 33% | |
| 32 | 40 | 38 | 39 | 11 | -63 | -47 | 0 | 92 | 271 | 380 | 36 | 92 | |
| EPS in Rs | 6.47 | 8.21 | 7.79 | 7.94 | 2.27 | -12.85 | -9.53 | 0.00 | 11.03 | 32.49 | 45.62 | 4.28 | 11.01 |
| Dividend Payout % | 27% | 16% | 26% | 23% | 22% | 0% | 0% | 0% | 22% | 34% | 11% | 35% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -5% |
| 5 Years: | 100% |
| 3 Years: | -21% |
| TTM: | -27% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | 23% |
| 3 Years: | -27% |
| TTM: | -70% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 26% |
| 5 Years: | 47% |
| 3 Years: | 23% |
| 1 Year: | -10% |
| Return on Equity | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 14% |
| 3 Years: | 17% |
| Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 33 | 33 | 49 | 49 | 49 | 49 | 49 | 83 | 83 | 83 | 83 | 83 |
| Reserves | 638 | 679 | 688 | 718 | 718 | 652 | 605 | 788 | 880 | 1,131 | 1,420 | 1,414 |
| 283 | 291 | 357 | 429 | 378 | 322 | 282 | 99 | 4 | 8 | 7 | 281 | |
| 80 | 90 | 91 | 76 | 54 | 55 | 45 | 125 | 207 | 185 | 175 | 163 | |
| Total Liabilities | 1,033 | 1,092 | 1,186 | 1,272 | 1,199 | 1,078 | 981 | 1,096 | 1,174 | 1,408 | 1,685 | 1,941 |
| 212 | 212 | 210 | 208 | 208 | 206 | 191 | 192 | 192 | 214 | 212 | 209 | |
| CWIP | 0 | 2 | 0 | 0 | 0 | 2 | 0 | 0 | 21 | 148 | 360 | 540 |
| Investments | 193 | 193 | 205 | 203 | 205 | 205 | 228 | 227 | 298 | 525 | 525 | 525 |
| 628 | 685 | 770 | 860 | 786 | 664 | 562 | 677 | 663 | 521 | 589 | 668 | |
| Total Assets | 1,033 | 1,092 | 1,186 | 1,272 | 1,199 | 1,078 | 981 | 1,096 | 1,174 | 1,408 | 1,685 | 1,941 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 51 | 140 | 194 | -42 | 56 | 49 | -12 | -150 | 169 | 301 | 317 | -16 | |
| 8 | -119 | -130 | -40 | 77 | 74 | 68 | 137 | 136 | -391 | -260 | -223 | |
| -46 | -10 | -65 | 79 | -136 | -135 | -58 | 9 | -103 | -17 | -94 | 232 | |
| Net Cash Flow | 12 | 11 | -1 | -2 | -3 | -13 | -2 | -4 | 201 | -107 | -37 | -8 |
| Free Cash Flow | -111 | 135 | 194 | -42 | 54 | 46 | 4 | -153 | 145 | 146 | 100 | -200 |
| CFO/OP | 66% | 104% | 176% | -12% | 123% | -232% | 115% | -547% | 110% | 98% | 70% | -2% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 353 | 183 | 123 | 214 | 480 | 23,276 | 0 | 337 | 130 | 64 | 82 | 346 |
| Inventory Days | 73 | 1,122 | ||||||||||
| Days Payable | 251 | 98 | ||||||||||
| Cash Conversion Cycle | 353 | 183 | 123 | 36 | 480 | 23,276 | 0 | 337 | 130 | 1,087 | 82 | 346 |
| Working Capital Days | 665 | 828 | 914 | 1,076 | 2,217 | 111,078 | 24,125 | 1,425 | 365 | 143 | 186 | 880 |
| ROCE % | 10% | 11% | 11% | 11% | 6% | -2% | -0% | 3% | 16% | 33% | 37% | 3% |
Insights
In beta| Mar 2014 | Mar 2016 | Mar 2019 | May 2022 | Jul 2024 | Feb 2026 | |
|---|---|---|---|---|---|---|
| Cumulative Area Delivered msf |
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| Total Land Bank acres |
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| Godhavi Land Monetized acres |
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Extracted by Screener AI
Documents
Announcements
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Communication To Shareholders
- Shareholder communication on TDS for ₹1.50 final dividend for FY26; documents due by Aug 29, record date Aug 31.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Advertisements - Notice for 35th Annual General Meeting and E-Voting Information
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NOTICE OF 35TH ANNUAL GENERAL MEETING OF THE COMPANY
- 35th AGM on Sept 11, 2026; Rs 1.50 dividend proposed; RPT approvals up to Rs 1,600 crore.
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Business Responsibility and Sustainability Reporting (BRSR)
- Filed FY2025-26 BRSR report, including ESG, workforce, compliance, and sustainability disclosures.
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Reg. 34 (1) Annual Report.
- Submitted FY2025-26 annual report and notice for 35th AGM on September 11, 2026.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Concalls
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Jul 2026Transcript PPT REC
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Jun 2026Transcript PPT REC
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Feb 2026Transcript PPT REC
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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 2024TranscriptAI SummaryPPT
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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 2018TranscriptAI SummaryPPT
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