Ganesh Housing Corporation Ltd

Ganesh Housing Corporation Ltd

₹ 1,257 -0.15%
13 Dec - close price
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 10,483 Cr.
  • Current Price 1,257
  • High / Low 1,340 / 368
  • Stock P/E 21.6
  • Book Value 208
  • Dividend Yield 0.87 %
  • ROCE 45.0 %
  • ROE 41.6 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 77.0% CAGR over last 5 years
  • Debtor days have improved from 71.2 to 49.7 days.

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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
73 76 155 43 328 67 179 270 163 181 277 214 237
44 44 103 18 249 20 78 54 42 45 128 65 35
Operating Profit 29 32 52 25 79 47 101 216 121 137 149 149 203
OPM % 40% 42% 34% 59% 24% 70% 56% 80% 74% 75% 54% 70% 85%
1 -0 0 0 0 1 4 1 1 2 3 6 12
Interest 10 7 7 4 2 5 2 1 1 1 1 1 1
Depreciation 0 1 1 1 1 1 1 1 2 2 2 2 2
Profit before tax 20 25 45 20 76 42 102 215 120 136 149 153 212
Tax % 23% -0% 44% 35% 75% 27% 62% 25% 28% 26% 25% 25% 25%
15 25 25 13 19 30 39 161 86 101 113 114 158
EPS in Rs 2.95 4.79 3.02 1.57 2.32 2.53 5.58 19.35 10.31 12.06 13.53 13.65 19.01
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
119 282 250 321 401 499 258 267 168 383 616 891 910
31 151 119 117 195 304 188 320 216 248 364 267 272
Operating Profit 88 131 132 204 207 195 71 -53 -48 134 252 624 637
OPM % 74% 46% 53% 64% 51% 39% 27% -20% -29% 35% 41% 70% 70%
17 5 7 2 6 8 6 2 10 1 4 6 24
Interest 64 65 64 100 93 101 92 80 75 36 13 4 4
Depreciation 3 3 4 4 4 3 2 2 2 2 3 7 8
Profit before tax 38 69 72 102 116 100 -17 -132 -114 97 240 620 650
Tax % 12% 27% 27% 31% 36% 49% -256% -10% -8% 27% 57% 26%
34 50 53 70 75 51 27 -120 -105 71 102 461 486
EPS in Rs 7.01 10.19 11.27 12.56 14.16 10.32 5.39 -24.30 -21.38 8.47 12.25 55.25 58.25
Dividend Payout % 13% 17% 15% 11% 14% 17% 9% 0% 0% 0% 20% 20%
Compounded Sales Growth
10 Years: 12%
5 Years: 28%
3 Years: 74%
TTM: 34%
Compounded Profit Growth
10 Years: 25%
5 Years: 77%
3 Years: 85%
TTM: 58%
Stock Price CAGR
10 Years: 32%
5 Years: 110%
3 Years: 85%
1 Year: 208%
Return on Equity
10 Years: 8%
5 Years: 11%
3 Years: 24%
Last Year: 42%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 33 33 33 33 49 49 49 49 49 83 83 83 83
Reserves 605 646 692 757 798 840 698 575 453 706 805 1,246 1,647
384 357 593 602 764 707 663 533 409 142 240 247 28
238 188 189 256 272 243 336 214 220 248 290 193 226
Total Liabilities 1,260 1,224 1,506 1,648 1,883 1,839 1,746 1,372 1,131 1,179 1,419 1,769 1,985
62 60 216 221 231 223 225 223 208 208 261 438 438
CWIP 6 0 0 2 0 0 0 2 0 0 21 148 247
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
1,192 1,164 1,291 1,425 1,652 1,616 1,521 1,146 923 972 1,136 1,183 1,300
Total Assets 1,260 1,224 1,506 1,648 1,883 1,839 1,746 1,372 1,131 1,179 1,419 1,769 1,985

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1 149 -380 168 202 75 129 123 132 41 31 638
-20 -37 55 -86 -140 26 84 53 43 39 278 -489
38 -124 338 -60 -57 -105 -216 -202 -173 -85 1 -244
Net Cash Flow 19 -12 14 22 5 -3 -3 -26 3 -5 310 -95

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 717 288 387 241 278 355 150 115 0 111 53 50
Inventory Days 2,496 1,013 3,409 710 812 2,220
Days Payable 221 81 157 46 22 96
Cash Conversion Cycle 717 2,563 387 241 278 1,287 3,402 780 790 111 53 2,174
Working Capital Days 1,011 384 1,221 1,111 1,038 893 1,432 1,054 1,089 397 343 309
ROCE % 9% 12% 10% 14% 13% 11% 5% -4% -4% 13% 23% 45%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
56.54% 73.06% 73.06% 73.06% 73.06% 73.06% 73.06% 73.06% 73.06% 73.06% 73.06% 73.06%
1.02% 0.67% 0.66% 0.79% 0.70% 0.72% 0.72% 0.92% 0.87% 0.89% 1.08% 0.97%
0.01% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.05% 0.07% 0.04% 0.05% 0.06%
42.44% 26.27% 26.27% 26.14% 26.24% 26.22% 26.22% 25.96% 26.00% 26.02% 25.82% 25.91%
No. of Shareholders 14,47715,34913,99414,01613,44813,29812,76015,46415,34220,74424,60729,810

* 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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