Ganesh Housing Corp

₹782.2 37.2 | 5%

WEBSITE BSE:526367 NSE : GANESH HSG. 10 May, 16:01

Market Cap ₹6522 Cr.

Stock P/E 16.5

P/B 4.5

Current Price ₹782.2

Book Value ₹ 172.4

Face Value 10

52W High ₹917.1

Dividend Yield 0.31%

52W Low ₹ 336

Edit Ratio

Ganesh Housing Corp Research see more...

Overview Inc. Year: 1991Industry: Construction - Real Estate

Ganesh Housing Corporation Ltd is a real estate developer which is engaged in the construction and real estate development activities. The Company is engaged in construction of residential and commercial complexes, real estate improvement and infrastructure development enterprise. The Company has developed and sold over 20 million sq ft of real estate space. Its residential initiatives include Malabar County, Sundarvan Epitome, Maple County, Maple County II, Suyojan, Satva, Shangri-La-I, Shangri-La-II, Mahalaya I, Mahalaya II, Maniratnam Bunglows, Maniratnam Bunglows II and Ratnam Apartments. Its industrial projects include Magnet Corporate Park and GCP Business Center. Its mega tasks consists of Smile City and Million Minds. The Company's subsidiaries consist of Essem Infra Pvt Ltd, Gatil Properties Pvt Ltd, Yash Organiser Pvt Ltd, Shaily Infrastructure Pvt Ltd and Maheshwari (Thaltej) Complex Pvt Ltd.

Ganesh Housing Corp Share Price

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Ganesh Housing Corp Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	73	76	155	43	328	67	179	270	163	181
Other Income	1	-0	0	0	0	1	4	1	1	2
Total Income	74	76	156	43	328	67	183	271	164	183
Total Expenditure	44	44	103	18	249	20	78	55	42	45
Operating Profit	30	32	52	25	79	48	105	217	122	139
Interest	10	7	7	4	2	5	2	1	1	1
Depreciation	0	1	1	1	1	1	1	1	2	2
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	20	25	45	20	76	42	102	215	120	136
Provision for Tax	5	-0	20	7	56	11	63	54	34	35
Profit After Tax	15	25	25	13	19	30	39	161	86	101
Adjustments	0	0	0	0	0	-9	7	-0	-0	0
Profit After Adjustments	15	25	25	13	19	21	47	161	86	101
Adjusted Earnings Per Share	2.9	4.8	3	1.6	2.3	2.5	5.6	19.3	10.3	12.1

Ganesh Housing Corp Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	119	283	251	322	402	500	261	275	172	384	616	793
Other Income	17	6	7	2	7	8	6	2	10	1	4	8
Total Income	136	289	259	324	409	508	267	277	182	385	621	801
Total Expenditure	32	152	120	118	196	305	190	328	220	249	365	220
Operating Profit	105	137	139	206	213	203	77	-50	-38	135	256	583
Interest	64	65	64	100	93	101	92	80	75	36	13	5
Depreciation	3	3	4	4	4	3	2	2	2	2	3	6
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	38	69	72	102	116	100	-17	-132	-114	97	240	573
Provision for Tax	5	19	19	32	42	49	-44	-13	-9	27	138	186
Profit After Tax	34	50	53	70	75	51	27	-120	-105	71	102	387
Adjustments	0	-0	3	-9	-5	0	0	-0	0	0	-2	7
Profit After Adjustments	34	50	55	62	69	51	27	-120	-105	71	100	395
Adjusted Earnings Per Share	7	10.2	11.3	12.6	14.2	10.3	5.4	-24.4	-21.4	8.5	12	47.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	60%	31%	4%	18%
Operating Profit CAGR	90%	0%	5%	9%
PAT CAGR	44%	0%	15%	12%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	112%	125%	70%	26%
ROE Average	11%	1%	-2%	3%
ROCE Average	25%	12%	7%	10%

Ganesh Housing Corp Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	638	679	724	790	847	889	747	624	502	790	1110
Minority's Interest	92	93	90	101	106	93	93	93	87	87	68
Borrowings	208	143	298	362	421	483	473	335	235	67	2
Other Non-Current Liabilities	19	23	20	18	19	16	-36	-65	-85	-65	5
Total Current Liabilities	357	359	467	437	569	447	522	398	294	229	274
Total Liabilities	1314	1296	1599	1708	1962	1929	1798	1386	1033	1108	1459
Fixed Assets	62	60	216	221	231	223	225	223	208	208	261
Other Non-Current Assets	570	606	206	158	104	72	25	25	184	315	37
Total Current Assets	683	631	1177	1329	1628	1633	1549	1138	641	585	1161
Total Assets	1314	1296	1599	1708	1962	1929	1798	1386	1033	1108	1459

Ganesh Housing Corp Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	2	21	9	22	44	49	46	43	17	20	15
Cash Flow from Operating Activities	1	149	-380	168	202	75	129	123	132	41	31
Cash Flow from Investing Activities	-20	-37	55	-86	-140	26	84	53	43	39	278
Cash Flow from Financing Activities	38	-124	338	-60	-57	-105	-216	-202	-173	-85	1
Net Cash Inflow / Outflow	19	-12	14	22	5	-3	-3	-26	3	-5	310
Closing Cash & Cash Equivalent	21	9	22	44	49	46	43	17	20	15	325

Ganesh Housing Corp Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	7.01	10.19	11.27	12.55	14.16	10.33	5.4	-24.39	-21.38	8.47	12
CEPS(Rs)	7.45	10.82	11.48	15.2	15.95	10.84	5.85	-23.88	-21.03	8.7	12.58
DPS(Rs)	1.4	2.6	2.6	2	2	1.8	0.5	0	0	0	2.4
Book NAV/Share(Rs)	129.9	138.07	147.25	160.65	172.4	180.59	151.79	126.8	101.98	94.72	133.06
Core EBITDA Margin(%)	73.53	46.24	52.41	63.39	51.23	38.99	27.15	-19.17	-28.09	34.99	40.85
EBIT Margin(%)	85.82	47.22	53.88	62.8	52.11	40.08	28.62	-19.08	-23	34.81	41.14
Pre Tax Margin(%)	32.26	24.36	28.52	31.71	28.97	19.99	-6.52	-48.13	-66.57	25.35	38.95
PAT Margin (%)	28.48	17.69	20.9	21.88	18.58	10.16	10.17	-43.5	-61.35	18.39	16.57
Cash Profit Margin (%)	30.58	18.71	22.38	23.13	19.45	10.67	11.03	-42.74	-60.34	18.9	17.02
ROA(%)	2.75	3.84	3.63	4.26	4.07	2.61	1.42	-7.51	-8.7	6.59	7.96
ROE(%)	5.45	7.64	7.51	9.34	9.15	5.86	3.24	-17.45	-18.69	10.92	10.76
ROCE(%)	10.81	12.99	11.5	14.93	13.94	12.51	4.97	-4.09	-3.81	14.49	24.8
Receivable days	678.85	293.8	354.75	270.5	235.17	288.64	413.38	126.53	89.71	55.23	61.04
Inventory Days	877.83	386.93	700.36	791.88	650.91	448.86	926.7	897.79	965.78	380.19	279.46
Payable days	-317.29	203.64	-27.97	-394.88	-1866.63	79.41	164.16	47.61	49.08	28	-72.06
PER(x)	6.61	5.28	6.05	5.47	5.94	11.47	11.24	0	0	31.54	22.32
Price/Book(x)	0.36	0.39	0.46	0.43	0.49	0.66	0.4	0.14	0.55	2.82	2.01
Dividend Yield(%)	2.01	3.22	2.54	1.94	2.38	1.52	0.82	0	0	0	0.9
EV/Net Sales(x)	4.94	2.16	3.6	2.78	2.81	2.49	3.52	2.2	3.88	6.14	3.1
EV/Core EBITDA(x)	5.62	4.48	6.5	4.34	5.3	6.13	11.93	-12.01	-17.65	17.38	7.46
Net Sales Growth(%)	-40.53	137.38	-11.27	28.13	24.77	24.51	-47.8	5.33	-37.62	123.59	60.67
EBIT Growth(%)	-3.5	30.61	1.24	49.33	3.53	-4.22	-62.73	-170.23	24.82	438.44	89.88
PAT Growth(%)	-24.9	47.5	4.78	34.13	5.96	-31.93	-47.74	-550.63	12.02	167.03	44.79
EPS Growth(%)	-24.29	45.35	10.57	11.44	12.79	-27.03	-47.79	-552.02	12.34	139.62	41.7
Debt/Equity(x)	0.6	0.53	0.82	0.76	0.9	0.79	0.89	0.85	0.82	0.18	0
Current Ratio(x)	1.92	1.76	2.52	3.04	2.86	3.65	2.97	2.86	2.18	2.56	4.24
Quick Ratio(x)	1.02	0.98	1.06	1.41	1.59	2.51	1.41	1.51	0.92	0.68	2.36
Interest Cover(x)	1.6	2.07	2.12	2.02	2.25	1.99	0.81	-0.66	-0.53	3.68	18.8
Total Debt/Mcap(x)	1.69	1.36	1.78	1.79	1.85	1.21	2.22	6	1.48	0.06	0

Ganesh Housing Corp Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	56.54	73.06	73.06	73.06	73.06	73.06	73.06	73.06	73.06	73.06
FII	1.02	0.67	0.66	0.79	0.7	0.72	0.72	0.92	0.87	0.89
DII	0.01	0	0	0	0	0	0	0.06	0.07	0.04
Public	42.44	26.27	26.27	26.15	26.24	26.22	26.22	25.97	26	26.01
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	2.92	6.09	6.09	6.09	6.09	6.09	6.09	6.09	6.09	6.09
FII	0.05	0.06	0.06	0.07	0.06	0.06	0.06	0.08	0.07	0.07
DII	0	0	0	0	0	0	0	0	0.01	0
Public	2.19	2.19	2.19	2.18	2.19	2.19	2.19	2.17	2.17	2.17
Others	0	0	0	0	0	0	0	0	0	0
Total	5.17	8.34	8.34	8.34	8.34	8.34	8.34	8.34	8.34	8.34

Pros

Debtor days have improved from 28 to -72.06days.
Company has reduced debt.
Company is almost debt free.

Cons

Company has a low return on equity of 1% over the last 3 years.
Stock is trading at 4.5 times its book value.

* 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.

Ganesh Housing Corp News

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Ganesh Housing Corp

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Ganesh Housing Corp Research see more...

Overview Inc. Year: 1991Industry: Construction - Real Estate

Ganesh Housing Corp Share Price

Alert Data

Quarterly Price

Peer Comparison

Ganesh Housing Corp Quarterly Results

Ganesh Housing Corp Profit & Loss

Growth Rates

Ganesh Housing Corp Balance Sheet

Ganesh Housing Corp Cash Flow

Ganesh Housing Corp Ratios

Ganesh Housing Corp Shareholding Pattern

Ganesh Housing Corp News

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