Ganesh Housing Corporation Ltd

Ganesh Housing Corporation Ltd

₹ 1,029 0.94%
23 May 2:49 p.m.
About

Incorporated in 1991, Ganesh Housing Corporation Ltd is in the business of real estate development in residential and commercial segment and infrastructure projects[1]

Key Points

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

  • Market Cap 8,582 Cr.
  • Current Price 1,029
  • High / Low 1,485 / 737
  • Stock P/E 22.6
  • Book Value 180
  • Dividend Yield 1.07 %
  • ROCE 37.4 %
  • ROE 28.0 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
109 29 6 18 199 26 119 181 268 140 242 255 39
79 10 8 8 69 27 33 44 120 59 34 45 22
Operating Profit 30 19 -2 9 130 -1 85 138 148 80 209 211 17
OPM % 27% 64% -31% 52% 65% -4% 72% 76% 55% 58% 86% 82% 43%
0 0 0 1 1 1 0 0 0 1 1 0 0
Interest 5 3 2 2 1 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 1 2 2 2 2 2 2 2
Profit before tax 24 15 -5 7 129 -2 84 136 146 79 207 209 15
Tax % 30% 37% -15% 8% 38% -94% 30% 25% 24% 25% 25% 25% 29%
17 10 -4 7 80 -0 59 101 111 59 155 156 11
EPS in Rs 2.04 1.14 -0.47 0.82 9.55 -0.01 7.04 12.17 13.29 7.07 18.58 18.71 1.26
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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
177 184 197 177 207 95 1 4 124 251 594 676
70 90 87 64 80 26 25 14 97 95 224 160
Operating Profit 107 93 110 112 128 68 -24 -10 27 156 370 516
OPM % 60% 51% 56% 64% 62% 72% -1,828% -252% 22% 62% 62% 76%
4 3 1 2 -1 5 2 10 1 1 2 2
Interest 54 53 53 52 57 53 47 44 25 8 1 1
Depreciation 2 3 3 3 3 2 2 2 2 3 6 7
Profit before tax 55 40 56 59 67 19 -71 -46 0 147 364 510
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
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
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: 14%
Compounded Profit Growth
10 Years: 28%
5 Years: 52%
3 Years: 2019%
TTM: 40%
Stock Price CAGR
10 Years: 29%
5 Years: 118%
3 Years: 55%
1 Year: 26%
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
Equity Capital 33 33 33 49 49 49 49 49 83 83 83 83
Reserves 616 638 679 688 718 718 652 605 788 880 1,131 1,420
301 283 291 357 429 378 322 282 99 4 8 7
79 80 90 91 76 54 55 45 125 207 185 175
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
54 212 212 210 208 208 206 191 192 192 214 212
CWIP 0 0 2 0 0 0 2 0 0 21 148 360
Investments 193 193 193 205 203 205 205 228 227 298 525 525
782 628 685 770 860 786 664 562 677 663 521 589
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

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 1,122 681
Days Payable 251 98 116
Cash Conversion Cycle 381 353 183 123 36 480 23,276 0 337 130 1,087 648
Working Capital Days 106 785 907 992 1,186 2,318 124,221 40,135 1,544 366 145 189
ROCE % 11% 10% 11% 11% 11% 6% -2% -0% 3% 16% 33% 37%

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
73.06% 73.06% 73.06% 73.06% 73.06% 73.06% 73.06% 73.06% 73.06% 73.06% 73.06% 73.06%
0.66% 0.79% 0.70% 0.72% 0.72% 0.92% 0.87% 0.89% 1.08% 0.97% 0.75% 0.95%
0.01% 0.00% 0.00% 0.00% 0.00% 0.05% 0.07% 0.04% 0.05% 0.06% 0.33% 0.13%
26.27% 26.14% 26.24% 26.22% 26.22% 25.96% 26.00% 26.02% 25.82% 25.91% 25.86% 25.84%
No. of Shareholders 13,99414,01613,44813,29812,76015,46415,34220,74424,60729,81033,61138,598

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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