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 ₹ 7,253 Cr.
- Current Price ₹ 870
- High / Low ₹ 1,020 / 500
- Stock P/E 22.9
- Book Value ₹ 280
- Dividend Yield 0.17 %
- ROCE 18.8 %
- ROE 15.2 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 38.0% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.8%
Cons
- Company has high debtors of 208 days.
- Working capital days have increased from 592 days to 1,040 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 250 | 321 | 401 | 499 | 258 | 267 | 168 | 383 | 616 | 891 | 959 | 511 | |
| 119 | 117 | 195 | 304 | 188 | 320 | 216 | 248 | 364 | 267 | 180 | 89 | |
| Operating Profit | 132 | 204 | 207 | 195 | 71 | -53 | -48 | 134 | 252 | 624 | 779 | 423 |
| OPM % | 53% | 64% | 51% | 39% | 27% | -20% | -29% | 35% | 41% | 70% | 81% | 83% |
| 7 | 2 | 6 | 8 | 6 | 2 | 10 | 1 | 4 | 6 | 34 | 27 | |
| Interest | 64 | 100 | 93 | 101 | 92 | 80 | 75 | 36 | 13 | 4 | 4 | 4 |
| Depreciation | 4 | 4 | 4 | 3 | 2 | 2 | 2 | 2 | 3 | 7 | 7 | 7 |
| Profit before tax | 72 | 102 | 116 | 100 | -17 | -132 | -114 | 97 | 240 | 620 | 802 | 439 |
| Tax % | 27% | 31% | 36% | 49% | -256% | -10% | -8% | 27% | 57% | 26% | 25% | 28% |
| 53 | 70 | 75 | 51 | 27 | -120 | -105 | 71 | 102 | 461 | 598 | 316 | |
| EPS in Rs | 11.27 | 12.56 | 14.16 | 10.32 | 5.39 | -24.30 | -21.38 | 8.47 | 12.25 | 55.25 | 71.72 | 37.93 |
| Dividend Payout % | 15% | 11% | 14% | 17% | 9% | 0% | 0% | 0% | 20% | 20% | 7% | 4% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 25% |
| 3 Years: | -6% |
| TTM: | -47% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 38% |
| 3 Years: | 46% |
| TTM: | -47% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 26% |
| 5 Years: | 50% |
| 3 Years: | 31% |
| 1 Year: | -13% |
| Return on Equity | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 25% |
| 3 Years: | 29% |
| Last Year: | 15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 692 | 757 | 798 | 840 | 698 | 575 | 453 | 706 | 805 | 1,246 | 1,752 | 2,248 |
| 593 | 602 | 764 | 707 | 663 | 533 | 409 | 142 | 240 | 247 | 248 | 305 | |
| 189 | 256 | 272 | 243 | 336 | 214 | 220 | 248 | 290 | 193 | 254 | 190 | |
| Total Liabilities | 1,506 | 1,648 | 1,883 | 1,839 | 1,746 | 1,372 | 1,131 | 1,179 | 1,419 | 1,769 | 2,338 | 2,826 |
| 216 | 221 | 231 | 223 | 225 | 223 | 208 | 208 | 261 | 438 | 435 | 432 | |
| CWIP | 0 | 2 | 0 | 0 | 0 | 2 | 0 | 0 | 21 | 148 | 360 | 540 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 1,291 | 1,425 | 1,652 | 1,616 | 1,521 | 1,146 | 923 | 972 | 1,136 | 1,183 | 1,543 | 1,854 | |
| Total Assets | 1,506 | 1,648 | 1,883 | 1,839 | 1,746 | 1,372 | 1,131 | 1,179 | 1,419 | 1,769 | 2,338 | 2,826 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -380 | 168 | 202 | 75 | 129 | 123 | 132 | 41 | 31 | 638 | 410 | 213 | |
| 55 | -86 | -140 | 26 | 84 | 53 | 43 | 39 | 278 | -489 | -389 | -543 | |
| 338 | -60 | -57 | -105 | -216 | -202 | -173 | -85 | 1 | -244 | -94 | 232 | |
| Net Cash Flow | 14 | 22 | 5 | -3 | -3 | -26 | 3 | -5 | 310 | -95 | -73 | -99 |
| Free Cash Flow | -540 | 162 | 202 | 78 | 128 | 120 | 148 | 38 | 3 | 486 | 193 | 30 |
| CFO/OP | -268% | 76% | 110% | 45% | 226% | -245% | -278% | 33% | 27% | 123% | 59% | 73% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 387 | 241 | 278 | 355 | 150 | 115 | 0 | 111 | 53 | 50 | 131 | 208 |
| Inventory Days | 1,013 | 3,409 | 710 | 812 | 2,220 | 4,614 | ||||||
| Days Payable | 81 | 157 | 46 | 22 | 96 | 359 | ||||||
| Cash Conversion Cycle | 387 | 241 | 278 | 1,287 | 3,402 | 780 | 790 | 111 | 53 | 2,174 | 131 | 4,463 |
| Working Capital Days | 1,083 | 964 | 917 | 834 | 1,390 | 988 | 711 | 322 | 342 | 307 | 429 | 1,040 |
| ROCE % | 10% | 14% | 13% | 11% | 5% | -4% | -4% | 13% | 23% | 45% | 44% | 19% |
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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Announcement under Regulation 30 (LODR)-Newspaper Publication
8 Jul - Publication of Newspaper Advertisements under Investor Education and Protection Fund Rules
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Jul - Submitted Regulation 74(5) certificate for quarter ended June 30, 2026.
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Announcement under Regulation 30 (LODR)-Scheme of Arrangement
6 Jul - BSE and NSE issued observation letters for GPPL-Ganesh Housing scheme; NCLT filing can proceed.
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Announcement under Regulation 30 (LODR)-Change in Management
30 Jun - Rajendra M. Patel retires June 30, 2026; Rishit Patel promoted President (Treasury) from July 1, 2026.
- Closure of Trading Window 25 Jun
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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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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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