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Ganesh Housing Ltd (GANESHHOU)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526367 NSE: GANESHHOU Construction - Real Estate | Small Cap | Ganesh Housing Share Price

₹766.75 -0.30 (-0.04%)

As on 19-Jun'26 16:59

Ganesh Housing Ltd (GANESHHOU)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526367 NSE: GANESHHOU Construction - Real Estate | Small Cap | Ganesh Housing Share Price

₹766.75 -0.30 (-0.04%)

As on 19-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹6,396 Cr.
Current Price
₹766.8
52-Week Low / High
₹503 / 1,055
TTM EPS
₹4.3
TTM Sales
₹125 Cr.
Book Value per Share
₹179.5
P/E Ratio
179.09
Higher than its 5-year historical median
Industry PE
45.5
Price to Book (P/B)
4.27
Higher than its 5-year historical median
Price to Sales (P/S)
51.03
Higher than its 5-year historical median
EV/EBITDA
110.23
Higher than its 5-year historical median
Dividend Yield
0.65%
Profitability Efficiency
Return on Equity (ROE)
28.00%
Outperforms industry median
Return on Capital Employed (ROCE)
37.39%
Outperforms industry median
Return on Assets (ROA)
22.69%
Operating Profit Margin
76.4%
Net Profit Margin
56.26%
Gross Profit Margin
76.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
13.78%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
39.61%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
40.42%
Asset Quality
Promoter Holding
73.06%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,414 Cr.
Equity
₹83.4 Cr.
Face Value
₹10
All Time Low / High
₹0.44 / 1485.00

Ganesh Housing stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Somewhat Overvalued

Price Trend

Strong
Q.1 Is Ganesh Housing Ltd a good quality company?
Ganesh Housing Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Ganesh Housing Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Ganesh Housing Ltd vs industry peers?
Ganesh Housing Ltd revenue CAGR is 230.69%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Ganesh Housing Ltd?
Promoters hold 73.06% of the Ganesh Housing Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Ganesh Housing Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 25.3% based on the current price.

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)

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Ganesh Housing Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 11.1%10.6%10.9%6.1%-2.2%-0.2%2.7%16%33.3%37.4%-
Value Creation
Index
-0.2-0.2-0.2-0.6-1.2-1.0-0.80.11.51.8-

Growth Parameters

Sales 19817720894.81.74.2125252594676125
Sales YoY Gr.--10.5%17.5%-54.5%-98.2%146.8%2,864.9%101.2%136.2%13.8%-
Adj EPS 8.27.88.32.3-12.9-9.501132.545.64.3
YoY Gr.--5.6%7%-72.6%-666.5%NANA110200%194.6%40.4%-
BVPS (₹) 144.7150.1155.8155.9142.4132.9104.5115.5145.6180.3179.5
Adj Net
Profit
40.33840.811.2-63.3-46.909227138036
Cash Flow from Ops. 140194-41.655.948.7-11.6-150169301317-
Debt/CF from Ops. 2.11.8-10.36.86.6-24.4-0.7000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 14.6%230.7%75.5%13.8%
Adj EPS 21%NA1558.6%40.4%
BVPS2.5%4.8%19.9%23.8%
Share Price 25.1% 49.7% 27.6% -18.4%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
5.85.25.41.5-8.6-6.901024.9282.4
Op. Profit
Mgn %
55.763.461.272-1386-232.621.86262.276.446.2
Net Profit
Mgn %
20.321.419.611.8-3691-1110.7036.645.656.328.5
Debt to
Equity
0.40.50.60.50.50.40.10000.1
Working Cap
Days
1,2661,5201,4523,2881,63,80853,2831,714805300325997
Cash Conv.
Cycle
2131129316823,1764,151496464186120536

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales1981772089524125252594676
Operating Expenses + 8865832725149896224160
Manufacturing Costs72412021861133122133
Material Costs-8-331-1-0-1213-6870-10
Employee Cost 8101313131012151417
Other Costs 1517201211712151821
Operating Profit 11011212568-24-1027156370516
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 + 12252101122
Exceptional Items 0000000000
Interest 53525753474425811
Depreciation 3332222367
Profit Before Tax 56596719-71-460147364510
Tax 1521287-8105593130
Profit After Tax 40383911-63-47092271380
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 (₹)8.27.87.92.3-12.9-9.50.011.032.545.6
Dividend Payout Ratio (%)16.20%25.70%22.70%22%0%0%0%21.80%33.90%11%

Valuation of Ganesh Housing - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 7097357677677016548719631,2141,503
Share Capital 33494949494983838383
Reserves 6766867187186526057888801,1311,420
Debt +21020835228019518159252
Long Term Debt16717129025414911159252
Short Term Debt4337622647710000
Minority Interest0000000000
Trade Payables2019211818812131939
Others Liabilities 195266175206217113130202264308
Total Liabilities 1,1341,2291,3151,2711,1319571,0721,1811,5011,851

Fixed Assets

Net Fixed Assets +212210208208206191192192214212
Gross Block225217217219219206208210236240
Accumulated Depreciation137911131516182328
CWIP 200020021148360
Investments 193205203205205228227298525525
Inventories343767718218286215227
Trade Receivables996012112483011589104152
Cash Equivalents 313028251211620810164
Others Assets 56268674870261650931587194312
Total Assets 1,1341,2291,3151,2711,1319571,0721,1811,5011,851

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 140194-425649-12-150169301317
PBT 56596719-71-460147364510
Adjustment 39322743372527967
Changes in Working Capital 20107-109239010-17615-7-157
Tax Paid 25-5-26-28-6-0-1-3-62-43
Cash Flow From Investing Activity + -119-130-40777468137136-391-260
Capex -3-2-0-2-013-3-3-28-5
Net Investments 0-123-20-221-71-2270
Others -116-115-42817477139210-136-254
Cash Flow From Financing Activity -10-6579-136-135-589-103-17-94
Net Proceeds from Shares + 004000217000
Net Proceeds from Borrowing 0000000000
Interest Paid -53-52-57-53-47-44-25-8-1-1
Dividend Paid -10-12-12-11-3000-20-92
Others 53-2144-72-84-14-183-964-2
Net Cash Flow 11-1-2-3-13-2-4201-107-37

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)5.855.295.21.46-8.62-6.920.0110.0324.8828
ROCE (%)11.0710.5910.866.08-2.19-0.152.7115.9733.3437.39
Asset Turnover Ratio0.180.150.160.07000.120.220.440.4
PAT to CFO Conversion(x)3.55.11-1.085.09N/AN/AN/A1.841.110.83
Working Capital Days
Receivable Days254.40162.90158.50473.1003,581.60167.50148.1059.3068.90
Inventory Days58.5073.6037.8024.601,432.701,087.70344.30365153.90119.50
Payable Days-1,042.60-2,509.50240.5000-423.70284.90-68.1083.60-1,001.90

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Ganesh Housing Ltd FAQs

The current trading price of Ganesh Housing on 19-Jun-2026 16:59 is ₹766.8.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 18-Jun-2026 the market cap of Ganesh Housing stood at ₹6,396.2 Cr

The latest P/E ratio of Ganesh Housing as of 18-Jun-2026 is 179.1.

The latest P/B ratio of Ganesh Housing as of 18-Jun-2026 is 4.27.

The 52-week high of Ganesh Housing is ₹1,054.8 and the 52-week low is ₹503.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ganesh Housing is ₹125 ( Cr.) .

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

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.

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

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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