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Ganesh Housing Overview

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 Bunglo...Read More

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Ganesh Housing Key Financials

Market Cap ₹6009 Cr.

Stock P/E 10

P/B 2.6

Current Price ₹720.7

Book Value ₹ 272.2

Face Value 10

52W High ₹1403.5

Dividend Yield 0.69%

52W Low ₹ 691.4

Ganesh Housing Share Price

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Volume
Price

Ganesh Housing Quarterly Price

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Ganesh Housing Peer Comparison

Ganesh Housing Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 163 181 277 214 237 257 251 151 174 91
Other Income 1 2 3 6 12 7 8 0 0 0
Total Income 164 183 280 221 250 264 259 151 174 92
Total Expenditure 42 45 128 65 35 46 35 23 26 16
Operating Profit 122 139 152 156 215 218 224 128 148 75
Interest 1 1 1 1 1 1 1 1 1 1
Depreciation 2 2 2 2 2 2 2 1 2 2
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 120 136 149 153 212 215 221 126 145 73
Provision for Tax 34 35 37 39 54 54 57 32 37 19
Profit After Tax 86 101 113 114 158 161 165 93 108 54
Adjustments -0 0 0 0 0 0 0 0 -0 0
Profit After Adjustments 86 101 113 114 158 161 165 93 108 54
Adjusted Earnings Per Share 10.3 12.1 13.5 13.7 19 19.3 19.8 11.2 13 6.4

Ganesh Housing Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 251 322 402 500 261 275 172 384 616 892 960 667
Other Income 7 2 7 8 6 2 10 1 4 7 34 8
Total Income 259 324 409 508 267 277 182 385 621 899 993 676
Total Expenditure 120 118 196 305 190 328 220 249 365 269 180 100
Operating Profit 139 206 213 203 77 -50 -38 135 256 630 813 575
Interest 64 100 93 101 92 80 75 36 13 4 4 4
Depreciation 4 4 4 3 2 2 2 2 3 7 7 7
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 72 102 116 100 -17 -132 -114 97 240 620 802 565
Provision for Tax 19 32 42 49 -44 -13 -9 27 138 159 204 145
Profit After Tax 53 70 75 51 27 -120 -105 71 102 461 598 420
Adjustments 3 -9 -5 0 0 -0 0 0 -2 0 0 0
Profit After Adjustments 55 62 69 51 27 -120 -105 71 100 461 598 420
Adjusted Earnings Per Share 11.3 12.6 14.2 10.3 5.4 -24.4 -21.4 8.5 12 55.2 71.7 50.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 8% 36% 28% 14%
Operating Profit CAGR 29% 82% 0% 19%
PAT CAGR 30% 103% 0% 27%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -48% 27% 75% 27%
ROE Average 33% 26% 14% 8%
ROCE Average 44% 38% 25% 16%

Ganesh Housing Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 724 790 847 889 747 624 502 790 1110 1550 2057
Minority's Interest 90 101 106 93 93 93 87 87 68 0 0
Borrowings 298 362 421 483 473 335 235 67 18 23 23
Other Non-Current Liabilities 20 18 19 16 -36 -65 -85 -65 5 2 1
Total Current Liabilities 467 437 569 447 522 398 294 229 258 385 468
Total Liabilities 1599 1708 1962 1929 1798 1386 1033 1108 1459 1959 2549
Fixed Assets 216 221 231 223 225 223 208 208 261 438 435
Other Non-Current Assets 206 158 104 72 25 25 184 315 37 156 360
Total Current Assets 1177 1329 1628 1633 1549 1138 641 585 1161 1365 1753
Total Assets 1599 1708 1962 1929 1798 1386 1033 1108 1459 1959 2549

Ganesh Housing Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 9 22 44 49 46 43 17 20 15 325 231
Cash Flow from Operating Activities -380 168 202 75 129 123 132 41 31 638 410
Cash Flow from Investing Activities 55 -86 -140 26 84 53 43 39 278 -489 -389
Cash Flow from Financing Activities 338 -60 -57 -105 -216 -202 -173 -85 1 -244 -94
Net Cash Inflow / Outflow 14 22 5 -3 -3 -26 3 -5 310 -95 -73
Closing Cash & Cash Equivalent 22 44 49 46 43 17 20 15 325 231 157

Ganesh Housing Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 11.27 12.55 14.16 10.33 5.4 -24.39 -21.38 8.47 12 55.25 71.72
CEPS(Rs) 11.48 15.2 15.95 10.84 5.85 -23.88 -21.03 8.7 12.58 56.04 72.61
DPS(Rs) 2.6 1.33 2 1.8 0.5 0 0 0 2.4 11 5
Book NAV/Share(Rs) 147.25 160.65 172.4 180.59 151.79 126.8 101.98 94.72 133.06 185.91 246.63
Core EBITDA Margin(%) 52.41 63.39 51.23 38.99 27.15 -19.17 -28.09 34.99 40.85 69.86 81.19
EBIT Margin(%) 53.88 62.8 52.11 40.08 28.62 -19.08 -23 34.81 41.14 69.9 83.93
Pre Tax Margin(%) 28.52 31.71 28.97 19.99 -6.52 -48.13 -66.57 25.35 38.95 69.48 83.53
PAT Margin (%) 20.9 21.88 18.58 10.16 10.17 -43.5 -61.35 18.39 16.57 51.65 62.31
Cash Profit Margin (%) 22.38 23.13 19.45 10.67 11.03 -42.74 -60.34 18.9 17.02 52.39 63.09
ROA(%) 3.63 4.26 4.07 2.61 1.42 -7.51 -8.7 6.59 7.96 26.95 26.54
ROE(%) 7.51 9.34 9.15 5.86 3.24 -17.45 -18.69 10.92 10.76 34.64 33.16
ROCE(%) 11.5 14.93 13.94 12.51 4.97 -4.09 -3.81 14.49 24.61 46.1 44.02
Receivable days 354.75 270.5 235.17 288.64 413.38 126.53 89.71 55.23 61.04 43.24 88.4
Inventory Days 700.36 791.88 650.91 448.86 926.7 897.79 965.78 380.19 279.46 195.8 169.02
Payable days -27.97 -394.88 -1866.63 79.41 164.16 47.61 49.08 28 -58.17 84.3 -3220.04
PER(x) 6.05 5.47 5.94 11.47 11.24 0 0 31.54 22.32 13.43 14.72
Price/Book(x) 0.46 0.43 0.49 0.66 0.4 0.14 0.55 2.82 2.01 3.99 4.28
Dividend Yield(%) 2.54 1.94 2.38 1.52 0.82 0 0 0 0.9 1.48 0.47
EV/Net Sales(x) 3.6 2.78 2.81 2.49 3.52 2.2 3.88 6.14 3.13 6.71 9.04
EV/Core EBITDA(x) 6.5 4.34 5.3 6.13 11.93 -12.01 -17.65 17.38 7.52 9.5 10.67
Net Sales Growth(%) -11.27 28.13 24.77 24.51 -47.8 5.33 -37.62 123.59 60.67 44.73 7.6
EBIT Growth(%) 1.24 49.33 3.53 -4.22 -62.73 -170.23 24.82 438.44 89.88 145.91 29.21
PAT Growth(%) 4.78 34.13 5.96 -31.93 -47.74 -550.63 12.02 167.03 44.79 350.99 29.81
EPS Growth(%) 10.57 11.44 12.79 -27.03 -47.79 -552.02 12.34 139.62 41.7 360.35 29.81
Debt/Equity(x) 0.82 0.76 0.9 0.79 0.89 0.85 0.82 0.18 0.02 0.02 0.01
Current Ratio(x) 2.52 3.04 2.86 3.65 2.97 2.86 2.18 2.56 4.49 3.55 3.75
Quick Ratio(x) 1.06 1.41 1.59 2.51 1.41 1.51 0.92 0.68 2.5 2.4 2.79
Interest Cover(x) 2.12 2.02 2.25 1.99 0.81 -0.66 -0.53 3.68 18.8 167.06 210.13
Total Debt/Mcap(x) 1.78 1.79 1.85 1.21 2.22 6 1.48 0.06 0.01 0 0

Ganesh Housing Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 73.06 73.06 73.06 73.06 73.06 73.06 73.06 73.06 73.06 73.06
FII 0.92 0.87 0.89 1.08 0.97 0.75 0.95 0.47 0.43 0.57
DII 0.06 0.07 0.04 0.05 0.06 0.33 0.14 0.54 0.45 0.42
Public 25.97 26 26.01 25.81 25.91 25.86 25.86 25.92 26.06 25.95
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Ganesh Housing News

Ganesh Housing Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 26%
  • Debtor days have improved from 84.3 to -3220.04days.
  • Company is almost debt free.

Cons

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