Ganesh Housing Corporation Ltd

Ganesh Housing Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ganesh Housing Corporation Ltd

₹ 369 2.47%
02 Jun - close price
ganeshhousing.com BSE: 526367 NSE : GANESHHOUC
About

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]

Key Points

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]

Website BSE NSE
  • 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
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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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
34 1 14 58 98 79 73 76 155 43 328 67 179
44 41 24 83 73 58 44 44 103 18 249 20 78
Operating Profit -10 -40 -9 -24 25 21 29 32 52 25 79 47 101
OPM % -28% -6,662% -64% -42% 26% 26% 40% 42% 34% 59% 24% 70% 56%
1 0 0 10 0 0 1 -0 0 0 0 1 4
Interest 17 17 22 19 16 13 10 7 7 4 2 5 2
Depreciation 1 0 0 0 0 0 0 1 1 1 1 1 1
Profit before tax -26 -57 -32 -35 9 8 20 25 45 20 76 42 102
Tax % -19% 19% 25% -1% 106% 29% 23% -0% 44% 35% 75% 27% 62%
Net Profit -31 -46 -24 -35 -1 5 15 25 25 13 19 30 39
EPS in Rs -6.38 -9.30 -4.84 -7.13 -0.11 1.04 2.95 4.79 3.02 1.57 2.32 2.53 5.58
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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%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
54.36 54.36 54.36 54.36 56.54 56.54 56.54 73.06 73.06 73.06 73.06 73.06
1.09 1.04 1.04 1.04 0.97 0.97 1.02 0.67 0.66 0.79 0.70 0.72
0.00 0.01 0.01 0.01 0.00 0.00 0.01 0.00 0.01 0.00 0.00 0.00
44.54 44.59 44.59 44.59 42.49 42.49 42.44 26.27 26.27 26.14 26.24 26.22

* 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.

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