Ganesh Housing Corporation Ltd Stock Analysis

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

BSE Share Price 29-Sep-2023 13:36
448.20 -2.85 (-0.63%)

DeciZen - Make an Informed Decision on Ganesh Housing Corp

Overall Rating

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Ganesh Housing Corp Price Chart

P/E Ratio (SA):
45.65
Market Cap:
3,761.2 Cr.
52-wk low:
261.3
52-wk high:
491.3
Bole Toh?

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 17818419817720894.81.74.2125252248
YoY Gr. Rt. %-3.8%7.5%-10.5%17.5%-54.5%-98.2%146.8%2,864.9%101.2%-
Adj EPS 8.36.48.27.88.32.3-12.9-9.50119.9
YoY Gr. Rt. %--23.2%29.1%-5.6%7%-72.6%-666.5%NANA110200%-
BVPS (₹) 131.9136.3144.7150.1155.8155.9142.4132.9104.5115.5115.5
Adj Net Profit 40.631.240.33840.811.2-63.3-46.909282
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% 44.5% 155.4% 27.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on Equity % 6.44.75.85.25.41.5-8.6-6.90108.6
Op. Profit Mgn % 60.150.655.763.461.272-1386-232.621.86255
Net Profit Mgn % 22.816.920.321.419.611.8-3691-1110.7036.633.2
Debt to Equity 0.50.40.40.50.60.50.50.40.10-
Working Cap Days 1,6371,5011,2661,5201,4523,2881,63,80853,2831,7148050
Cash Conv. Cycle 3433212131129316823,1764,1514964930

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 8.60%

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

Sales growth is good in last 4 quarters at 1406.18%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Ganesh Housing Corporation Ltd.

Standalone Consolidated
TTM EPS (₹) 9.9 29.8
TTM Sales (₹ Cr.) 248 844
BVPS (₹.) 115.5 152.4
Reserves (₹ Cr.) 880 1,188
P/BV 3.90 2.94
PE 45.65 15.05
From the Market
52 Week Low / High (₹) 261.30 / 491.30
All Time Low / High (₹) 0.44 / 553.33
Market Cap (₹ Cr.) 3,761
Equity (₹ Cr.) 83.4
Face Value (₹) 10
Industry PE 57.8

Management X-Ray of Ganesh Housing Corp :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *4.150.000.000.000.000.000.000.000.000.00
* 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 (%)

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 29-Sep-2023 13:36 is : 448.2.
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 29-Sep-2023 13:36 the market cap of Ganesh Housing Corp stood at ₹ 3,761.2.
The latest PE ratio of Ganesh Housing Corp as of 29-Sep-2023 13:36 is 45.65.
The latest PB ratio of Ganesh Housing Corp as of 29-Sep-2023 13:36 is 3.90
The 52-week high of Ganesh Housing Corp is ₹ 491.3 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 ₹ 248.4 ( 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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