Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹5830 Cr.
Stock P/E
18.4
P/B
2.5
Current Price
₹699.1
Book Value
₹ 284.6
Face Value
10
52W High
₹900
52W Low
₹ 503
Dividend Yield
0.21%

Ganesh Housing Overview

Business

Ganesh Housing Ltd. is an Indian real estate development company. Its core business involves acquiring land parcels, planning, designing, and developing various real estate projects, primarily across residential, commercial, and retail segments. The company generates revenue by selling developed properties (e.g., apartments, villas, office spaces, retail units) and, in some cases, through rental income from leased commercial or retail assets within its portfolio.

Revenue Mix

Specific revenue breakdowns by segment are not provided. However, as a real estate developer, its operations typically span:

Residential: Development and sale of apartments, villas, and plotted developments.

Commercial: Development and sale or lease of office spaces, IT parks.

Retail: Development and sale or lease of shopping malls, complexes, and high-street retail spaces.

The primary revenue driver is expected to be the sale of completed or under-construction properties.

Industry

The Indian real estate sector is characterized by its cyclical nature, high capital intensity, and significant regulatory oversight. It is highly fragmented, with numerous regional players alongside a growing number of large, organized national developers. Ganesh Housing Ltd. operates within this competitive landscape, positioning itself as an organized real estate developer, likely with a strong regional focus given its company name and typical market structure for Indian developers of its size. Its positioning would be against both local competitors and the regional presence of larger national players.

MOAT

Ganesh Housing Ltd.'s competitive advantages, if any, are likely to stem from:

Local Market Expertise: Deep understanding of specific regional markets, including land acquisition, local regulations, and consumer preferences.

Established Land Bank: Ownership or access to strategically located land parcels acquired at favorable costs.

Execution Capabilities: A track record of successful project completion and delivery, building trust with buyers and investors.

Brand Reputation: A local or regional brand known for quality and timely delivery can create repeat customers and referrals.

Durable competitive advantages like network effects or high switching costs are generally less prevalent in the real estate sector.

Growth Drivers

Key factors that can drive Ganesh Housing Ltd.'s growth over the next 3-5 years include:

Urbanization and Population Growth: Continued migration to urban centers drives demand for housing and commercial spaces.

Rising Disposable Incomes: Increasing affluence among the Indian middle class fuels demand for better quality and larger homes.

Favorable Demographics: A large young population reaching peak home-buying age.

Government Policies: Initiatives like 'Housing for All,' infrastructure development, and smart cities can stimulate demand and investment.

Lower Interest Rates: A conducive interest rate environment for home loans can boost affordability and demand.

Economic Growth: Overall economic expansion positively impacts commercial real estate demand and consumer confidence.

Risks

Ganesh Housing Ltd. faces several business risks:

Economic Downturns: Real estate is highly sensitive to economic cycles, with downturns impacting demand and pricing.

Interest Rate Fluctuations: Rising interest rates can increase borrowing costs for the company and make home loans more expensive for buyers, affecting demand.

Regulatory & Approval Delays: Lengthy and complex approval processes can cause project delays, cost overruns, and impact cash flows.

Land Acquisition Challenges: Difficulty in acquiring suitable land at viable prices, or legal disputes related to land titles.

Input Cost Volatility: Fluctuations in the cost of construction materials (cement, steel) and labor can impact project profitability.

High Debt Levels: Real estate development is capital-intensive and often involves significant debt, making companies vulnerable to liquidity crises.

Competition: Intense competition from other developers, both local and national, can lead to price pressures.

Management & Ownership

Ganesh Housing Ltd. is typically promoted and controlled by its founding family, a common structure in Indian businesses. The promoter group likely holds a significant equity stake. Details on specific management quality or individual ownership percentages are not available in the provided information, but the overall strategic direction and long-term vision are usually guided by the promoter family.

Outlook

The outlook for Ganesh Housing Ltd. presents a balanced picture. On the bullish side, India's strong underlying demographics, rapid urbanization, and government support for housing and infrastructure create a tailwind for long-term real estate growth. A well-managed company with a strong land bank and execution capabilities in its focused regions can capitalize on this demand. However, the real estate sector is inherently cyclical and capital-intensive. The company faces significant risks from interest rate volatility, regulatory hurdles, economic slowdowns, and intense competition. Its ability to manage its debt, secure timely project approvals, control construction costs, and adapt to changing market dynamics will be crucial for sustained performance.

Ganesh Housing Share Price

Live · BSE / NSE · Inception: 1991
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Ganesh Housing Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 277 214 237 257 251 151 174 91 95 280
Other Income 3 6 12 7 8 0 0 0 27 0
Total Income 280 221 250 264 259 151 174 92 122 280
Total Expenditure 128 65 35 46 35 23 26 16 23 170
Operating Profit 152 156 215 218 224 128 148 75 98 110
Interest 1 1 1 1 1 1 1 1 1 4
Depreciation 2 2 2 2 2 1 2 2 2 1
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 149 153 212 215 221 126 145 73 96 105
Provision for Tax 37 39 54 54 57 32 37 19 34 63
Profit After Tax 113 114 158 161 165 93 108 54 61 42
Adjustments 0 0 0 0 0 0 -0 0 0 0
Profit After Adjustments 113 114 158 161 165 93 108 54 61 42
Adjusted Earnings Per Share 13.5 13.7 19 19.3 19.8 11.2 13 6.4 7.4 5

Ganesh Housing Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 322 402 500 261 275 172 384 616 892 960 511 640
Other Income 2 7 8 6 2 10 1 4 7 34 27 27
Total Income 324 409 508 267 277 182 385 621 899 993 539 668
Total Expenditure 118 196 305 190 328 220 249 365 269 180 89 235
Operating Profit 206 213 203 77 -50 -38 135 256 630 813 450 431
Interest 100 93 101 92 80 75 36 13 4 4 4 7
Depreciation 4 4 3 2 2 2 2 3 7 7 7 7
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 102 116 100 -17 -132 -114 97 240 620 802 439 419
Provision for Tax 32 42 49 -44 -13 -9 27 138 159 204 123 153
Profit After Tax 70 75 51 27 -120 -105 71 102 461 598 316 265
Adjustments -9 -5 0 0 -0 0 0 -2 0 0 0 0
Profit After Adjustments 62 69 51 27 -120 -105 71 100 461 598 316 265
Adjusted Earnings Per Share 12.6 14.2 10.3 5.4 -24.4 -21.4 8.5 12 55.2 71.7 37.9 31.8

Ganesh Housing Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 790 847 889 747 624 502 790 1110 1550 2057 2331
Minority's Interest 101 106 93 93 93 87 87 68 0 0 0
Borrowings 362 421 483 473 335 235 67 18 23 23 156
Other Non-Current Liabilities 18 19 16 -36 -65 -85 -65 5 2 1 1
Total Current Liabilities 437 569 447 522 398 294 229 258 385 468 723
Total Liabilities 1708 1962 1929 1798 1386 1033 1108 1459 1959 2549 3211
Fixed Assets 221 231 223 225 223 208 208 261 438 435 433
Other Non-Current Assets 158 104 72 25 25 184 315 37 156 360 540
Total Current Assets 1329 1628 1633 1549 1138 641 585 1161 1365 1753 2239
Total Assets 1708 1962 1929 1798 1386 1033 1108 1459 1959 2549 3211

Ganesh Housing Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 22 44 49 46 43 17 20 15 325 231 157
Cash Flow from Operating Activities 168 202 75 129 123 132 41 31 638 410 213
Cash Flow from Investing Activities -86 -140 26 84 53 43 39 278 -489 -389 -543
Cash Flow from Financing Activities -60 -57 -105 -216 -202 -173 -85 1 -244 -94 232
Net Cash Inflow / Outflow 22 5 -3 -3 -26 3 -5 310 -95 -73 -99
Closing Cash & Cash Equivalent 44 49 46 43 17 20 15 325 231 157 59

Ganesh Housing Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 12.55 14.16 10.33 5.4 -24.39 -21.38 8.47 12 55.25 71.72 37.93
CEPS(Rs) 15.2 15.95 10.84 5.85 -23.88 -21.03 8.7 12.58 56.04 72.61 38.71
DPS(Rs) 1.33 2 1.8 0.5 0 0 0 2.4 11 5 1.5
Book NAV/Share(Rs) 160.65 172.4 180.59 151.79 126.8 101.98 94.72 133.06 185.91 246.63 279.56
Core EBITDA Margin(%) 63.39 51.23 38.99 27.15 -19.17 -28.09 34.99 40.85 69.86 81.19 82.63
EBIT Margin(%) 62.8 52.11 40.08 28.62 -19.08 -23 34.81 41.14 69.9 83.93 86.66
Pre Tax Margin(%) 31.71 28.97 19.99 -6.52 -48.13 -66.57 25.35 38.95 69.48 83.53 85.88
PAT Margin (%) 21.88 18.58 10.16 10.17 -43.5 -61.35 18.39 16.57 51.65 62.31 61.84
Cash Profit Margin (%) 23.13 19.45 10.67 11.03 -42.74 -60.34 18.9 17.02 52.39 63.09 63.12
ROA(%) 4.26 4.07 2.61 1.42 -7.51 -8.7 6.59 7.96 26.95 26.54 10.98
ROE(%) 9.34 9.15 5.86 3.24 -17.45 -18.69 10.92 10.76 34.64 33.16 14.42
ROCE(%) 14.93 13.94 12.51 4.97 -4.09 -3.81 14.49 24.61 46.1 44.02 18.78
Receivable days 270.5 235.17 288.64 413.38 126.53 89.71 55.23 61.04 43.24 88.4 226.8
Inventory Days 791.88 650.91 448.86 926.7 897.79 965.78 380.19 279.46 195.8 169.02 337.01
Payable days -394.88 -1866.63 79.41 164.16 47.61 49.08 28 -58.17 84.3 -3220.04 -313.99
PER(x) 5.47 5.94 11.47 11.24 0 0 31.54 22.32 13.43 14.72 13.38
Price/Book(x) 0.43 0.49 0.66 0.4 0.14 0.55 2.82 2.01 3.99 4.28 1.82
Dividend Yield(%) 1.94 2.38 1.52 0.82 0 0 0 0.9 1.48 0.47 0.3
EV/Net Sales(x) 2.78 2.81 2.49 3.52 2.2 3.88 6.14 3.13 6.71 9.04 8.76
EV/Core EBITDA(x) 4.34 5.3 6.13 11.93 -12.01 -17.65 17.38 7.52 9.5 10.67 9.96
Net Sales Growth(%) 28.13 24.77 24.51 -47.8 5.33 -37.62 123.59 60.67 44.73 7.6 -46.72
EBIT Growth(%) 49.33 3.53 -4.22 -62.73 -170.23 24.82 438.44 89.88 145.91 29.21 -44.99
PAT Growth(%) 34.13 5.96 -31.93 -47.74 -550.63 12.02 167.03 44.79 350.99 29.81 -47.12
EPS Growth(%) 11.44 12.79 -27.03 -47.79 -552.02 12.34 139.62 41.7 360.35 29.81 -47.12
Debt/Equity(x) 0.76 0.9 0.79 0.89 0.85 0.82 0.18 0.02 0.02 0.01 0.13
Current Ratio(x) 3.04 2.86 3.65 2.97 2.86 2.18 2.56 4.49 3.55 3.75 3.1
Quick Ratio(x) 1.41 1.59 2.51 1.41 1.51 0.92 0.68 2.5 2.4 2.79 2.41
Interest Cover(x) 2.02 2.25 1.99 0.81 -0.66 -0.53 3.68 18.8 167.06 210.13 111.07
Total Debt/Mcap(x) 1.79 1.85 1.21 2.22 6 1.48 0.06 0.01 0 0 0.07

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -47% -6% +24% +5%
Operating Profit CAGR -45% +21% — +8%
PAT CAGR -47% +46% — +16%
Share Price CAGR -17% +17% +32% +25%
ROE Average +14% +27% +21% +9%
ROCE Average +19% +36% +30% +17%

Ganesh Housing Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 73.06 %
FII 0.64 %
DII (MF + Insurance) 0.32 %
Public (retail) 25.98 %
# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 73.0673.0673.0673.0673.0673.0673.0673.0673.0673.06
FII 0.891.080.970.750.950.470.430.570.70.64
DII 0.040.050.060.330.140.540.450.420.320.32
Public 26.0125.8125.9125.8625.8625.9226.0625.9525.9225.98
Others 0000000000
Total 100100100100100100100100100100

Ganesh Housing Peer Comparison

Construction - Real Estate Edit Columns

Ganesh Housing Quarterly Price

10-year quarterly close · BSE
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News & Updates

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Ganesh Housing Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 27%
  • Company is almost debt free.

Cons

  • Debtor days have increased from -3220.04 to -313.99days.
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