Ganesh Housing Corporation Ltd
Ganesh Housing Corporation Limited (earlier known as Ganesh Housing Finance Corporation Limited) is a part of the Ganesh Group founded in 1991. GHCL has built a strong presence in and around Ahmedabad. GHCL has developed and sold over 22 million sq. ft. of real estate space, with another 2.5 million sq. ft. currently under development. [1]
- Market Cap ₹ 6,175 Cr.
- Current Price ₹ 741
- High / Low ₹ 917 / 261
- Stock P/E 25.8
- Book Value ₹ 120
- Dividend Yield 0.32 %
- ROCE 16.0 %
- ROE 10.0 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 234 to 130 days.
Cons
- Stock is trading at 6.16 times its book value
- Company has a low return on equity of 1.91% over last 3 years.
* 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
Sector: Construction Industry: Construction
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
170 | 154 | 177 | 184 | 197 | 177 | 207 | 95 | 1 | 4 | 124 | 251 | 525 | |
93 | 61 | 70 | 90 | 87 | 64 | 80 | 26 | 25 | 14 | 97 | 95 | 173 | |
Operating Profit | 78 | 93 | 107 | 93 | 110 | 112 | 128 | 68 | -24 | -10 | 27 | 156 | 352 |
OPM % | 46% | 60% | 60% | 51% | 56% | 64% | 62% | 72% | -1,828% | -252% | 22% | 62% | 67% |
9 | 13 | 4 | 3 | 1 | 2 | -1 | 5 | 2 | 10 | 1 | 1 | 2 | |
Interest | 47 | 52 | 54 | 53 | 53 | 52 | 57 | 53 | 47 | 44 | 25 | 8 | 2 |
Depreciation | 3 | 2 | 2 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 3 | 5 |
Profit before tax | 37 | 51 | 55 | 40 | 56 | 59 | 67 | 19 | -71 | -46 | 0 | 147 | 347 |
Tax % | 17% | 16% | 24% | 21% | 28% | 36% | 42% | 40% | 11% | -2% | 89% | 37% | |
31 | 43 | 42 | 32 | 40 | 38 | 39 | 11 | -63 | -47 | 0 | 92 | 240 | |
EPS in Rs | 6.24 | 8.79 | 8.49 | 6.47 | 8.21 | 7.79 | 7.94 | 2.27 | -12.85 | -9.53 | 0.00 | 11.03 | 28.75 |
Dividend Payout % | 13% | 11% | 20% | 27% | 16% | 26% | 23% | 22% | 0% | 0% | 0% | 22% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | 4% |
3 Years: | 478% |
TTM: | 226% |
Compounded Profit Growth | |
---|---|
10 Years: | 8% |
5 Years: | 18% |
3 Years: | 51% |
TTM: | 716% |
Stock Price CAGR | |
---|---|
10 Years: | 28% |
5 Years: | 65% |
3 Years: | 141% |
1 Year: | 178% |
Return on Equity | |
---|---|
10 Years: | 3% |
5 Years: | 0% |
3 Years: | 2% |
Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 33 | 33 | 33 | 33 | 33 | 49 | 49 | 49 | 49 | 49 | 83 | 83 | 83 |
Reserves | 545 | 583 | 616 | 638 | 679 | 688 | 718 | 718 | 652 | 605 | 788 | 880 | 919 |
275 | 305 | 301 | 283 | 291 | 357 | 429 | 378 | 322 | 282 | 99 | 4 | 122 | |
63 | 60 | 79 | 80 | 90 | 91 | 76 | 54 | 55 | 45 | 125 | 207 | 243 | |
Total Liabilities | 916 | 981 | 1,028 | 1,033 | 1,092 | 1,186 | 1,272 | 1,199 | 1,078 | 981 | 1,096 | 1,174 | 1,367 |
62 | 60 | 54 | 212 | 212 | 210 | 208 | 208 | 206 | 191 | 192 | 192 | 214 | |
CWIP | 1 | 1 | 0 | 0 | 2 | 0 | 0 | 0 | 2 | 0 | 0 | 21 | 61 |
Investments | 137 | 193 | 193 | 193 | 193 | 205 | 203 | 205 | 205 | 228 | 227 | 298 | 525 |
715 | 727 | 782 | 628 | 685 | 770 | 860 | 786 | 664 | 562 | 677 | 663 | 567 | |
Total Assets | 916 | 981 | 1,028 | 1,033 | 1,092 | 1,186 | 1,272 | 1,199 | 1,078 | 981 | 1,096 | 1,174 | 1,367 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
81 | 46 | 152 | 51 | 140 | 194 | -42 | 56 | 49 | -12 | -150 | 169 | |
-50 | -14 | -66 | 8 | -119 | -130 | -40 | 77 | 74 | 68 | 137 | 136 | |
-123 | -14 | -98 | -46 | -10 | -65 | 79 | -136 | -135 | -58 | 9 | -103 | |
Net Cash Flow | -92 | 18 | -12 | 12 | 11 | -1 | -2 | -3 | -13 | -2 | -4 | 201 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 408 | 481 | 381 | 353 | 183 | 123 | 214 | 480 | 23,276 | 0 | 337 | 130 |
Inventory Days | 138 | 73 | ||||||||||
Days Payable | 469 | 251 | ||||||||||
Cash Conversion Cycle | 77 | 481 | 381 | 353 | 183 | 123 | 36 | 480 | 23,276 | 0 | 337 | 130 |
Working Capital Days | 1,117 | 187 | 106 | 785 | 907 | 992 | 1,186 | 2,318 | 124,221 | 40,135 | 1,544 | 366 |
ROCE % | 10% | 12% | 11% | 10% | 11% | 11% | 11% | 6% | -2% | -0% | 3% | 16% |
Documents
Announcements
- Closure of Trading Window 1d
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 22 Mar
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 5 Mar
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
20 Jan - Transcript of Q3 FY24 Earnings Conference Call dated January 17, 2024
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Announcement under Regulation 30 (LODR)-Newspaper Publication
18 Jan - Publication of Newspaper Advertisements - Unaudited Financial Results for the Quarter and Nine Months ended December 31, 2023
Annual reports
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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
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Financial Year 2011
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Financial Year 2010
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Concalls
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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 Highlights
The company has one of the largest developable land banks in Ahmedabad of 500 acres. This landbank offers a development potential of 36-40 mn sq. ft. [1]
GHCL specializes in the residential sector, with a focus on the mid and higher-income segment of the market. It has entered the commercial, retail, and township formats of the industry. [2]