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 ₹ 3,073 Cr.
- Current Price ₹ 369
- High / Low ₹ 407 / 229
- Stock P/E 30.7
- Book Value ₹ 133
- Dividend Yield 0.00 %
- ROCE 24.8 %
- ROE 10.5 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
Cons
- Stock is trading at 2.77 times its book value
- Company has a low return on equity of 3.03% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
199 | 119 | 282 | 250 | 321 | 401 | 499 | 258 | 267 | 168 | 383 | 616 | |
99 | 31 | 151 | 119 | 117 | 195 | 304 | 188 | 320 | 216 | 248 | 365 | |
Operating Profit | 100 | 88 | 131 | 132 | 204 | 207 | 195 | 71 | -53 | -48 | 134 | 252 |
OPM % | 50% | 74% | 46% | 53% | 64% | 51% | 39% | 27% | -20% | -29% | 35% | 41% |
9 | 17 | 5 | 7 | 2 | 6 | 8 | 6 | 2 | 10 | 1 | 4 | |
Interest | 47 | 64 | 65 | 64 | 100 | 93 | 101 | 92 | 80 | 75 | 36 | 13 |
Depreciation | 3 | 3 | 3 | 4 | 4 | 4 | 3 | 2 | 2 | 2 | 2 | 3 |
Profit before tax | 59 | 38 | 69 | 72 | 102 | 116 | 100 | -17 | -132 | -114 | 97 | 240 |
Tax % | 23% | 12% | 27% | 27% | 31% | 36% | 49% | 256% | 10% | 8% | 27% | 57% |
Net Profit | 45 | 34 | 50 | 53 | 70 | 75 | 51 | 27 | -120 | -105 | 71 | 102 |
EPS in Rs | 9.26 | 7.01 | 10.19 | 11.27 | 12.56 | 14.16 | 10.32 | 5.39 | -24.30 | -21.38 | 8.47 | 12.00 |
Dividend Payout % | 9% | 13% | 17% | 15% | 11% | 14% | 17% | 9% | 0% | 0% | 0% | 20% |
Compounded Sales Growth | |
---|---|
10 Years: | 18% |
5 Years: | 4% |
3 Years: | 32% |
TTM: | 61% |
Compounded Profit Growth | |
---|---|
10 Years: | 13% |
5 Years: | 16% |
3 Years: | 42% |
TTM: | 42% |
Stock Price CAGR | |
---|---|
10 Years: | 22% |
5 Years: | 28% |
3 Years: | 152% |
1 Year: | 32% |
Return on Equity | |
---|---|
10 Years: | 3% |
5 Years: | -1% |
3 Years: | 3% |
Last Year: | 11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
33 | 33 | 33 | 33 | 33 | 49 | 49 | 49 | 49 | 49 | 83 | 83 | |
Reserves | 579 | 605 | 646 | 692 | 757 | 798 | 840 | 698 | 575 | 453 | 706 | 1,026 |
261 | 384 | 357 | 593 | 602 | 764 | 707 | 663 | 533 | 409 | 142 | 4 | |
235 | 238 | 188 | 189 | 256 | 272 | 243 | 336 | 214 | 220 | 248 | 305 | |
Total Liabilities | 1,108 | 1,260 | 1,224 | 1,506 | 1,648 | 1,883 | 1,839 | 1,746 | 1,372 | 1,131 | 1,179 | 1,419 |
62 | 62 | 60 | 216 | 221 | 231 | 223 | 225 | 223 | 208 | 208 | 261 | |
CWIP | 1 | 6 | 0 | 0 | 2 | 0 | 0 | 0 | 2 | 0 | 0 | 21 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1,045 | 1,192 | 1,164 | 1,291 | 1,425 | 1,652 | 1,616 | 1,521 | 1,146 | 923 | 972 | 1,136 | |
Total Assets | 1,108 | 1,260 | 1,224 | 1,506 | 1,648 | 1,883 | 1,839 | 1,746 | 1,372 | 1,131 | 1,179 | 1,419 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
15 | 1 | 149 | -380 | 168 | 202 | 75 | 129 | 123 | 132 | 41 | 31 | |
4 | -20 | -37 | 55 | -86 | -140 | 26 | 84 | 53 | 43 | 39 | 278 | |
-112 | 38 | -124 | 338 | -60 | -57 | -105 | -216 | -202 | -173 | -85 | 1 | |
Net Cash Flow | -93 | 19 | -12 | 14 | 22 | 5 | -3 | -3 | -26 | 3 | -5 | 310 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 386 | 717 | 288 | 387 | 241 | 278 | 355 | 150 | 115 | 0 | 111 | 53 |
Inventory Days | 2,496 | 1,013 | 3,409 | 710 | 812 | 573 | ||||||
Days Payable | 221 | 81 | 157 | 46 | 22 | 16 | ||||||
Cash Conversion Cycle | 386 | 717 | 2,563 | 387 | 241 | 278 | 1,287 | 3,402 | 780 | 790 | 111 | 610 |
Working Capital Days | 1,123 | 1,011 | 384 | 1,221 | 1,111 | 1,038 | 893 | 1,432 | 1,054 | 1,089 | 393 | 334 |
ROCE % | 12% | 10% | 13% | 11% | 15% | 14% | 12% | 5% | -4% | -4% | 14% | 25% |
Documents
Announcements
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Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
30 May - Read with Schedule III Part A Para A of the SEBI (LODR) Regulations, 2015, and SEBI Circular bearing reference No. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/37 dated March 16, 2023, …
- Compliances-Reg.24(A)-Annual Secretarial Compliance 29 May
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 25 May
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Announcement under Regulation 30 (LODR)-Updates on Acquisition
25 May - As per the terms of the definitive agreement with Monsoon India Infrastructure Direct II Limited ('Monsoon'), the Company has already acquired 6.91 % shares of …
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 20 May
Annual reports
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Financial Year 2022
from bse
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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
from bse
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Financial Year 2011
from bse
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Financial Year 2011
from nse
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Financial Year 2010
from bse
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Financial Year 2010
from nse
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Financial Year 2009
from nse
Concalls
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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
GHCL has one of the largest developable land banks in the city, with more than 50 million sq. ft. of space, containing a possible development area of 100 million sq. ft.
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. [1]