Is Ganesh Housing Ltd (GANESHHOU) a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Ganesh Housing Ltd is a average quality company .

Is Ganesh Housing Ltd (GANESHHOU) undervalued or overvalued?

The key valuation ratios of Ganesh Housing Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is Ganesh Housing Ltd (GANESHHOU) share price return in the past 10 years?

Ganesh Housing Ltd share price has appreciated 23.7% annually (CAGR) over the past ten years.

Is Ganesh Housing Ltd (GANESHHOU) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ganesh Housing Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of Ganesh Housing Ltd (GANESHHOU)?

Company share prices are keep on changing according to the market conditions. The current trading price of Ganesh Housing Ltd (GANESHHOU) on 15-Apr-2026 16:59:59 at 16:59 is 615.15.

What is the market cap of Ganesh Housing Ltd (GANESHHOU)?

Market capitalization is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 15-Apr-2026 at 16:59, the market cap of Ganesh Housing stood at Rs. 5129.56 Cr.

What is the P/E ratio of Ganesh Housing?

The latest standalone P/E ratio of Ganesh Housing as of 15-Apr-2026 is 107.47.

What is the P/B ratio of Ganesh Housing Ltd (GANESHHOU)?

The latest standalone P/B ratio of Ganesh Housing Ltd (GANESHHOU) as of 15-Apr-2026 is 3.42.

What is the 52-week high and low of Ganesh Housing Ltd (GANESHHOU)?

The 52-week high of Ganesh Housing Ltd (GANESHHOU) is Rs. 1200.00 and the 52-week low is Rs. 503.00.

What is the TTM revenue of Ganesh Housing Ltd (GANESHHOU)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ganesh Housing is Rs. 146.88 (Cr.).

Ganesh Housing Ltd (GANESHHOU) Share Analysis – Order Book, Quality & Valuation Zone & DeciZen Rating

Name: Ganesh Housing Ltd (GANESHHOU)
Brand: Ganesh Housing

10 Year X-Ray :

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	11.1%	10.6%	10.9%	6.1%	-2.2%	-0.2%	2.7%	16%	33.3%	37.4%	-
Value Creation Index ⓘ	-0.2	-0.2	-0.2	-0.6	-1.2	-1.0	-0.8	0.1	1.5	1.8	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	198	177	208	94.8	1.7	4.2	125	252	594	676	147
Sales YoY Gr.	-	-10.5%	17.5%	-54.5%	-98.2%	146.8%	2,864.9%	101.2%	136.2%	13.8%	-
Adj EPS ⓘ	8.2	7.8	8.3	2.3	-12.9	-9.5	0	11	32.5	45.6	5.7
YoY Gr.	-	-5.6%	7%	-72.6%	-666.5%	NA	NA	110200%	194.6%	40.4%	-
BVPS (₹) ⓘ	144.7	150.1	155.8	155.9	142.4	132.9	104.5	115.5	145.6	180.3	179.7
Adj Net Profit ⓘ	40.3	38	40.8	11.2	-63.3	-46.9	0	92	271	380	48
Cash Flow from Ops. ⓘ	140	194	-41.6	55.9	48.7	-11.6	-150	169	301	317	-
Debt/CF from Ops. ⓘ	2.1	1.8	-10.3	6.8	6.6	-24.4	-0.7	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	14.6%	230.7%	75.5%	13.8%
Adj EPS ⓘ	21%	NA	1558.6%	40.4%
BVPSⓘ	2.5%	4.8%	19.9%	23.8%
Share Price	23.7%	51.5%	22.3%	-44.6%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	5.8	5.2	5.4	1.5	-8.6	-6.9	0	10	24.9	28	3.2
Op. Profit Mgn % ⓘ	55.7	63.4	61.2	72	-1386	-232.6	21.8	62	62.2	76.4	49.9
Net Profit Mgn % ⓘ	20.3	21.4	19.6	11.8	-3691	-1110.7	0	36.6	45.6	56.3	32.5
Debt to Equity ⓘ	0.4	0.5	0.6	0.5	0.5	0.4	0.1	0	0	0	-
Working Cap Days ⓘ	1,266	1,520	1,452	3,288	1,63,808	53,283	1,714	805	300	325	469
Cash Conv. Cycle ⓘ	213	112	93	168	23,176	4,151	496	464	186	120	308

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 75.50%

Net Profit is growing at healthy rate in last 3 years 1558.63%

Return on Equity has declined versus last 3 years average to 3.20%

Sales growth is not so good in last 4 quarters at -84.92%

	Standalone	Consolidated
TTM EPS (₹)	5.7	50.3
TTM Sales (₹ Cr.)	147	668
BVPS (₹) ⓘ	179.7	272.2
Reserves (₹ Cr.) ⓘ	1,457	2,186
P/BV ⓘ	3.42	2.26
PE ⓘ	107.47	12.22

From the Market
52 Week Low / High (₹)	503.00 / 1200.00
All Time Low / High (₹)	0.44 / 1485.00
Market Cap (₹ Cr.)	5,130
Equity (₹ Cr.)	83.4
Face Value (₹)	10
Industry PE ⓘ	46.2

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	198	177	208	95	2	4	125	252	594	676
Operating Expenses ⓘ +	88	65	83	27	25	14	98	96	224	160
Manufacturing Costs	72	41	20	2	1	8	61	133	122	133
Material Costs	-8	-3	31	-1	-0	-12	13	-68	70	-10
Employee Cost	8	10	13	13	13	10	12	15	14	17
Other Costs ⓘ	15	17	20	12	11	7	12	15	18	21
Operating Profit ⓘ	110	112	125	68	-24	-10	27	156	370	516
Operating Profit Margin (%)	55.7%	63.3%	60.0%	72.0%	-1,386.0%	-232.0%	21.7%	62.0%	62.2%	76.4%
Other Income ⓘ +	1	2	2	5	2	10	1	1	2	2
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	53	52	57	53	47	44	25	8	1	1
Depreciation ⓘ	3	3	3	2	2	2	2	3	6	7
Profit Before Tax ⓘ	56	59	67	19	-71	-46	0	147	364	510
Tax ⓘ	15	21	28	7	-8	1	0	55	93	130
Profit After Tax	40	38	39	11	-63	-47	0	92	271	380
PAT Margin (%)	20.3%	21.5%	18.8%	11.8%	-3,691.1%	-1,110.7%	0.0%	36.6%	45.6%	56.3%
Adjusted EPS (₹)	8.2	7.8	7.9	2.3	-12.9	-9.5	0.0	11.0	32.5	45.6
Dividend Payout Ratio (%)	16%	26%	23%	22%	0%	0%	0%	22%	34%	11%

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	709	735	767	767	701	654	871	963	1,214	1,503
Share Capital ⓘ	33	49	49	49	49	49	83	83	83	83
Reserves ⓘ	676	686	718	718	652	605	788	880	1,131	1,420
Debt +	210	208	352	280	195	181	59	2	5	2
Long Term Debt	167	171	290	254	149	111	59	2	5	2
Short Term Debt	43	37	62	26	47	71	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	20	19	21	18	18	8	12	13	19	39
Others Liabilities ⓘ	195	266	175	206	217	113	130	202	264	308
Total Liabilities ⓘ	1,134	1,229	1,315	1,271	1,131	957	1,072	1,181	1,501	1,851
Fixed Assets
Net Fixed Assets ⓘ +	212	210	208	208	206	191	192	192	214	212
Gross Block	225	217	217	219	219	206	208	210	236	240
Accumulated Depreciation	13	7	9	11	13	15	16	18	23	28
CWIP ⓘ	2	0	0	0	2	0	0	21	148	360
Investments ⓘ	193	205	203	205	205	228	227	298	525	525
Inventories	34	37	6	7	7	18	218	286	215	227
Trade Receivables	99	60	121	124	83	0	115	89	104	152
Cash Equivalents	31	30	28	25	12	11	6	208	101	64
Others Assets ⓘ	562	686	748	702	616	509	315	87	194	312
Total Assets ⓘ	1,134	1,229	1,315	1,271	1,131	957	1,072	1,181	1,501	1,851

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	140	194	-42	56	49	-12	-150	169	301	317
PBT ⓘ	56	59	67	19	-71	-46	0	147	364	510
Adjustment ⓘ	39	32	27	43	37	25	27	9	6	7
Changes in Working Capital ⓘ	20	107	-109	23	90	10	-176	15	-7	-157
Tax Paid ⓘ	25	-5	-26	-28	-6	-0	-1	-3	-62	-43
Cash Flow From Investing Activity ⓘ +	-119	-130	-40	77	74	68	137	136	-391	-260
Capex	-3	-2	-0	-2	-0	13	-3	-3	-28	-5
Net Investments	0	-12	3	-2	0	-22	1	-71	-227	0
Others ⓘ	-116	-115	-42	81	74	77	139	210	-136	-254
Cash Flow From Financing Activity ⓘ	-10	-65	79	-136	-135	-58	9	-103	-17	-94
Net Proceeds from Shares ⓘ +	0	0	4	0	0	0	217	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-53	-52	-57	-53	-47	-44	-25	-8	-1	-1
Dividend Paid ⓘ	-10	-12	-12	-11	-3	0	0	0	-20	-92
Others ⓘ	53	-2	144	-72	-84	-14	-183	-96	4	-2
Net Cash Flow ⓘ	11	-1	-2	-3	-13	-2	-4	201	-107	-37

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	5.85	5.29	5.2	1.46	-8.62	-6.92	0.01	10.03	24.88	28
ROCE (%)	11.07	10.59	10.86	6.08	-2.19	-0.15	2.71	15.97	33.34	37.39
Asset Turnover Ratio	0.18	0.15	0.16	0.07	0	0	0.12	0.22	0.44	0.4
PAT to CFO Conversion(x)	3.5	5.11	-1.08	5.09	N/A	N/A	N/A	1.84	1.11	0.83
Working Capital Days
Receivable Days	254	163	158	473	0	3,582	168	148	59	69
Inventory Days	59	74	38	25	1,433	1,088	344	365	154	119
Payable Days	-1,043	-2,509	241	0	0	-424	285	-68	84	-1,002

About Ganesh Housing Ltd

Ganesh Housing Corporation Limited is one of the leading real estate developer rooted in Gujarat, with a legacy that spans more than three decades. Established in the year 1991 Ahmedabad, Ganesh Housing has carved a niche for itself to become a brand that resonates trust and growth.

The company is the most prominent name in the real estate sector of Gujarat and has been developing iconic buildings and creating ultra-modern spaces for the past 30+ years. It is the leading real estate developer across Residential, Commercial and Retail segments. Further, it intends to diversify into Special Economic Zone and township format development.

The Company’s ISO 9001-2008, ISO 14001:2004 & OHSAS 18001:2007 certifications speak volumes for its construction methodology and quality work. With a deep understanding of the market and industry, the company has climbed the ladder of success to be recognized as the most trusted, reliable and admired real estate developers of Gujarat.

Business area of the company

The company’s main business is real estate promotion and development in residential and commercial segment and infrastructure projects.

Milestones

1991: Incorporated in June
1993: Raised Rs 21 mn through IPO
1994: Listed on BSE Limited
1998: Amalgamation with another listed group company
1999: Started real estate development business
2006: Issued Bonus shares in the ratio of 2:1
2007: Listed on National Stock Exchange of India Limited
2007: Qualified Institutional Placement (QIP) of Rs 2,275 mn at Rs 325/share
2007: Received ISO and OHAS certification
2007: Delivered 15 MSF
2007: Amalgamated with 5 group companies
2008: Crossed Rs 1,000 mn Turnover
2010: Achieved Net worth of Rs 500 mn
2012: Delivered 17 MSF
2012: Achieved turnover of more than INR 2,000mn, and PAT of Rs 500 mn
2012: Received CREDAI Real Estate Award 2012 for MAHALAYA-II
2013: Received Individual Dwelling Row House GIHED Award for GCP Business Center, Ahmedabad - Best Commercial Project
2015: Bagged CREDAI CSR award for Public Awareness
2016: Recorded highest ever cash flow of Rs 2,800 Mn; crossed turnover of Rs 3,000 Mn
2016: Issued Bonus shares in the ratio of 1:2
2016: Awarded CNBC award for Best Residential Project (MID) for Malabar County
2019: Delivered 22 MSF
2019: Awarded ABP Asmita Award for Best BrandReal Estate
2020: Received Realtors Award 2020 for Real Estate Awareness & Education
2021: Preferential issue on Private placement basis
2022: Amalgamated with 3 group companies

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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
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Ganesh Housing Ltd (GANESHHOU) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Ganesh Housing Share Price