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 ₹ 6,212 Cr.
- Current Price ₹ 745
- High / Low ₹ 1,485 / 705
- Stock P/E 11.8
- Book Value ₹ 266
- Dividend Yield 0.67 %
- ROCE 44.0 %
- ROE 37.8 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 47.6% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 32.9%
Cons
- Debtor days have increased from 78.0 to 131 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 282 | 250 | 321 | 401 | 499 | 258 | 267 | 168 | 383 | 616 | 891 | 959 | 833 | |
| 151 | 119 | 117 | 195 | 304 | 188 | 320 | 216 | 248 | 364 | 267 | 180 | 130 | |
| Operating Profit | 131 | 132 | 204 | 207 | 195 | 71 | -53 | -48 | 134 | 252 | 624 | 779 | 703 |
| OPM % | 46% | 53% | 64% | 51% | 39% | 27% | -20% | -29% | 35% | 41% | 70% | 81% | 84% |
| 5 | 7 | 2 | 6 | 8 | 6 | 2 | 10 | 1 | 4 | 6 | 34 | 15 | |
| Interest | 65 | 64 | 100 | 93 | 101 | 92 | 80 | 75 | 36 | 13 | 4 | 4 | 4 |
| Depreciation | 3 | 4 | 4 | 4 | 3 | 2 | 2 | 2 | 2 | 3 | 7 | 7 | 7 |
| Profit before tax | 69 | 72 | 102 | 116 | 100 | -17 | -132 | -114 | 97 | 240 | 620 | 802 | 708 |
| Tax % | 27% | 27% | 31% | 36% | 49% | -256% | -10% | -8% | 27% | 57% | 26% | 25% | |
| 50 | 53 | 70 | 75 | 51 | 27 | -120 | -105 | 71 | 102 | 461 | 598 | 527 | |
| EPS in Rs | 10.19 | 11.27 | 12.56 | 14.16 | 10.32 | 5.39 | -24.30 | -21.38 | 8.47 | 12.25 | 55.25 | 71.72 | 63.19 |
| Dividend Payout % | 17% | 15% | 11% | 14% | 17% | 9% | 0% | 0% | 0% | 20% | 20% | 7% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 29% |
| 3 Years: | 36% |
| TTM: | -8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 28% |
| 5 Years: | 48% |
| 3 Years: | 104% |
| TTM: | 8% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 27% |
| 5 Years: | 75% |
| 3 Years: | 31% |
| 1 Year: | -48% |
| Return on Equity | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 24% |
| 3 Years: | 33% |
| Last Year: | 38% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 646 | 692 | 757 | 798 | 840 | 698 | 575 | 453 | 706 | 805 | 1,246 | 1,752 | 2,133 |
| 357 | 593 | 602 | 764 | 707 | 663 | 533 | 409 | 142 | 240 | 247 | 248 | 77 | |
| 188 | 189 | 256 | 272 | 243 | 336 | 214 | 220 | 248 | 290 | 193 | 254 | 337 | |
| Total Liabilities | 1,224 | 1,506 | 1,648 | 1,883 | 1,839 | 1,746 | 1,372 | 1,131 | 1,179 | 1,419 | 1,769 | 2,338 | 2,630 |
| 60 | 216 | 221 | 231 | 223 | 225 | 223 | 208 | 208 | 261 | 438 | 435 | 435 | |
| CWIP | 0 | 0 | 2 | 0 | 0 | 0 | 2 | 0 | 0 | 21 | 148 | 360 | 448 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 1,164 | 1,291 | 1,425 | 1,652 | 1,616 | 1,521 | 1,146 | 923 | 972 | 1,136 | 1,183 | 1,543 | 1,747 | |
| Total Assets | 1,224 | 1,506 | 1,648 | 1,883 | 1,839 | 1,746 | 1,372 | 1,131 | 1,179 | 1,419 | 1,769 | 2,338 | 2,630 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 149 | -380 | 168 | 202 | 75 | 129 | 123 | 132 | 41 | 31 | 638 | 410 | |
| -37 | 55 | -86 | -140 | 26 | 84 | 53 | 43 | 39 | 278 | -489 | -389 | |
| -124 | 338 | -60 | -57 | -105 | -216 | -202 | -173 | -85 | 1 | -244 | -94 | |
| Net Cash Flow | -12 | 14 | 22 | 5 | -3 | -3 | -26 | 3 | -5 | 310 | -95 | -73 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 288 | 387 | 241 | 278 | 355 | 150 | 115 | 0 | 111 | 53 | 50 | 131 |
| Inventory Days | 2,496 | 1,013 | 3,409 | 710 | 812 | 2,220 | ||||||
| Days Payable | 221 | 81 | 157 | 46 | 22 | 96 | ||||||
| Cash Conversion Cycle | 2,563 | 387 | 241 | 278 | 1,287 | 3,402 | 780 | 790 | 111 | 53 | 2,174 | 131 |
| Working Capital Days | 340 | 1,083 | 964 | 917 | 834 | 1,390 | 988 | 711 | 325 | 342 | 307 | 429 |
| ROCE % | 12% | 10% | 14% | 13% | 11% | 5% | -4% | -4% | 13% | 23% | 45% | 44% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Schedule of Q3 FY26 Earnings Conference Call to be held on Monday, February 09, 2026 at 1600 hrs IST (4:00 PM IST)
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Board Meeting Intimation for Approval And Take On Record The Standalone And Consolidated Unaudited Financial Results Of The Company For The Quarter And Nine Months Ended December 31, 2025
30 Jan - Board meeting Feb 6, 2026 to approve standalone and consolidated unaudited results for quarter/nine months ended Dec 31, 2025.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Jan - Certificate under Regulation 74 (5) of SEBI (Depositories and Participants) Regulations, 2018 for quarter ended December 31, 2025
- Closure of Trading Window 27 Dec 2025
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Board Meeting Outcome for Intimation Regarding Approval Of Scheme Of Arrangement Under Regulation 30 Of The SEBI (Listing Obligations And Disclosures Requirements) Regulations, 2015
5 Dec 2025 - Scheme to amalgamate Gatil Properties into Ganesh; appointed date April 1, 2025; Rs.498.56 Cr write-off.
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
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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 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