Ganesh Housing Corporation Ltd - Stock Valuation and Financial Performance

BSE: 526367 | NSE: GANESHHOUC | Construction - Real Estate | Small Cap

Ganesh Housing Corp Share Price

749 -10.20 -1.34%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Ganesh Housing Corp

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Ganesh Housing Corporation stock performance -

mw4me loader
P/E Ratio (SA):
25.82
Market Cap:
6,189 Cr.
52-wk low:
261.3
52-wk high:
917.1

Is Ganesh Housing Corporation Ltd an attractive stock to invest in?

1. Is Ganesh Housing Corporation Ltd a good quality company?

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

2. Is Ganesh Housing Corporation Ltd undervalued or overvalued?

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

3. Is Ganesh Housing Corporation Ltd a good buy now?

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

10 Year X-Ray of Ganesh Housing Corp:

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 Corporation Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 8.4%7.2%7.9%7.1%7.1%4.1%-2.8%-1.6%1.9%10.1%-
Value Creation
Index
-0.4-0.5-0.4-0.5-0.5-0.7-1.2-1.1-0.9-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 17818419817720894.81.74.2125252525
Sales YoY Gr.-3.8%7.5%-10.5%17.5%-54.5%-98.2%146.8%2,864.9%101.2%-
Adj EPS 8.36.48.27.88.32.3-12.9-9.501128.8
YoY Gr.--23.2%29.1%-5.6%7%-72.6%-666.5%NANA110200%-
BVPS (₹) 131.9136.3144.7150.1155.8155.9142.4132.9104.5115.5132.3
Adj Net
Profit
40.631.240.33840.811.2-63.3-46.9092240
Cash Flow from Ops. 15250.5140194-41.655.948.7-11.6-150169-
Debt/CF from Ops. 25.62.11.8-10.36.86.6-24.4-0.70-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4%3.9%428%101.2%
Adj EPS 3.2%5.9%NA110200%
BVPS-1.5%-5.8%-6.7%10.6%
Share Price 30.3% 65.3% 139.2% 180.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
6.44.75.85.25.41.5-8.6-6.901023.2
Op. Profit
Mgn %
60.150.655.763.461.272-1386-232.621.86267.1
Net Profit
Mgn %
22.816.920.321.419.611.8-3691-1110.7036.645.6
Debt to
Equity
0.50.40.40.50.60.50.50.40.10-
Working Cap
Days
1,6371,5011,2661,5201,4523,2881,63,80853,2831,714805182
Cash Conv.
Cycle
3433212131129316823,1764,15149649392

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 23.20%

Sales growth is growing at healthy rate in last 3 years 427.98%

Sales growth is good in last 4 quarters at 746.01%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Ganesh Housing Corporation Ltd.

Standalone Consolidated
TTM EPS (₹) 28.8 47.3
TTM Sales (₹ Cr.) 525 795
BVPS (₹.) 132.3 172.4
Reserves (₹ Cr.) 1,020 1,354
P/BV 5.61 4.31
PE 25.82 15.69
From the Market
52 Week Low / High (₹) 261.30 / 917.10
All Time Low / High (₹) 0.44 / 917.10
Market Cap (₹ Cr.) 6,189
Equity (₹ Cr.) 83.4
Face Value (₹) 10
Industry PE 76.7

Management X-Ray of Ganesh Housing Corp:

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 (%)

Event Update

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Analyst's Notes

Key Ratios of Ganesh Housing Corp

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1781841981772089524125252
Operating Expenses 71918865832725149896
Manufacturing Costs677272412021861117
Material Costs-16-3-8-331-10-1213-51
Employee Cost 67810131313101215
Other Costs 1415151720121171215
Operating Profit 1069311011212568-24-1027156
Operating Profit Margin (%) 59.9%50.6%55.7%63.3%60.0%72.0%-1,386.0%-232.0%21.7%62.0%
Other Income 43122521011
Interest 5453535257534744258
Depreciation 2333322223
Exceptional Items 0000000000
Profit Before Tax 554056596719-71-460147
Tax 1391521287-81055
Profit After Tax 423240383911-63-47092
PAT Margin (%) 23.4%17.2%20.3%21.5%18.7%11.8%-3,691.1%-1,110.7%0.0%36.6%
Adjusted EPS (₹)8.56.58.27.87.92.3-12.9-9.50.011.0
Dividend Payout Ratio (%)20%27%16%26%23%22%0%0%0%22%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 646668709735767767701654871963
Share Capital 33333349494949498383
Reserves 613635676686718718652605788880
Minority Interest0000000000
Debt142158210208352280195181592
Long Term Debt11798167171290254149111592
Short Term Debt256043376226477100
Trade Payables1826201921181881213
Others Liabilities 286253195266175206217113130202
Total Liabilities 1,0911,1051,1341,2291,3151,2711,1319571,0721,181

Fixed Assets

Gross Block61221225217217219219206208210
Accumulated Depreciation81013791113151618
Net Fixed Assets54212212210208208206191192192
CWIP 00200020021
Investments 193193193205203205205228227298
Inventories2529343767718218286
Trade Receivables185178996012112483011589
Cash Equivalents 8203130282512116208
Others Assets62747356268674870261650931587
Total Assets 1,0911,1051,1341,2291,3151,2711,1319571,0721,181

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 15251140194-425649-12-150169
PBT 554056596719-71-460147
Adjustment 3437393227433725279
Changes in Working Capital 78-1620107-109239010-17615
Tax Paid -15-1125-5-26-28-60-1-3
Cash Flow From Investing Activity -668-119-130-40777468137136
Capex 4-161-3-20-2013-3-3
Net Investments 000-123-20-221-71
Others -70169-116-115-42817477139210
Cash Flow From Financing Activity -98-46-10-6579-136-135-589-103
Net Proceeds from Shares 000040002170
Net Proceeds from Borrowing -48-1900000000
Interest Paid -54-53-53-52-57-53-47-44-25-8
Dividend Paid -5-10-10-12-12-11-3000
Others 93553-2144-72-84-14-183-96
Net Cash Flow -121211-1-2-3-13-2-4201
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)6.64.835.855.295.21.46-8.62-6.920.0110.03
ROCE (%)11.619.7811.0710.5910.866.08-2.19-0.152.7115.97
Asset Turnover Ratio0.170.170.180.150.160.07000.120.22
PAT to CFO Conversion(x)3.621.593.55.11-1.085.09N/AN/A-INF1.84
Working Capital Days
Receivable Days39935925416315847303,582168148
Inventory Days3253597438251,4331,088344365
Payable Days-343-3,048-1,043-2,50924100-424285-90

Ganesh Housing Corporation Ltd Stock News

Ganesh Housing Corporation Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Ganesh Housing Corp on 28-Mar-2024 16:01 is ₹749.0.
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 28-Mar-2024 16:01 the market cap of Ganesh Housing Corp stood at ₹6,189.
The latest P/E ratio of Ganesh Housing Corp as of 28-Mar-2024 16:01 is 25.82.
The latest P/B ratio of Ganesh Housing Corp as of 28-Mar-2024 16:01 is 5.61.
The 52-week high of Ganesh Housing Corp is ₹917.1 and the 52-week low is ₹261.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ganesh Housing Corp is ₹525.5 ( Cr.) .

About Ganesh Housing Corporation 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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