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About
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
₹762.40 -7.70 (-1.00%)
As on 11-Sep'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
₹762.40 -7.70 (-1.00%)
As on 11-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹6,422 Cr.
Current Price
₹762.4
52-Week Low / High
₹503 / 938
TTM EPS
₹31.8
TTM Sales
₹641 Cr.
Book Value per Share
₹284.6
P/E Ratio
24.22
Lower than its 5-year historical median
Industry PE
44.5
Price to Book (P/B)
2.71
Lower than its 5-year historical median
Price to Sales (P/S)
10.03
Lower than its 5-year historical median
EV/EBITDA
15.45
Lower than its 5-year historical median
Dividend Yield
0.2%
Profitability Efficiency
Return on Equity (ROE)
14.42%
Outperforms industry median
Return on Capital Employed (ROCE)
18.78%
Outperforms industry median
Return on Assets (ROA)
10.98%
Operating Profit Margin
82.6%
Net Profit Margin
61.84%
Gross Profit Margin
87.2%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-81.47%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-45.77%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-47.12%
Asset Quality
Promoter Holding
73.06%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹2,290 Cr.
Equity
₹83.4 Cr.
Face Value
₹10
All Time Low / High
₹0.44 / 1485.00
Check Before You Invest
Quality
Very GoodValuation
Somewhat OvervaluedCheck Valuation charts
Price Trend
Semi Strong
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?
Revenue growth of Ganesh Housing Ltd vs industry peers?
Ganesh Housing Ltd revenue CAGR is 97.04%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
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.
Stock return of Ganesh Housing Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 25.5% 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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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 majority of the past ten years indicating its past ten year financial track record is very good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 10.6% | 10.9% | 6.1% | -2.2% | -0.2% | 2.7% | 16% | 33.3% | 37.4% | 3.3% | - |
| Value Creation Index ⓘ | -0.2 | -0.2 | -0.6 | -1.2 | -1.0 | -0.8 | 0.1 | 1.5 | 1.8 | -0.8 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 177 | 208 | 94.8 | 1.7 | 4.2 | 125 | 252 | 594 | 676 | 125 | 395 |
| Sales YoY Gr. | - | 17.5% | -54.5% | -98.2% | 146.8% | 2,864.9% | 101.2% | 136.2% | 13.8% | -81.5% | - |
| Adj EPS ⓘ | 7.8 | 8.3 | 2.3 | -12.9 | -9.5 | 0 | 11 | 32.5 | 45.6 | 4.3 | 11 |
| YoY Gr. | - | 7% | -72.6% | -666.5% | NA | NA | 110200% | 194.6% | 40.4% | -90.6% | - |
| BVPS (₹) ⓘ | 150.1 | 155.8 | 155.9 | 142.4 | 132.9 | 104.5 | 115.5 | 145.6 | 180.3 | 179.5 | 185 |
| Adj Net Profit ⓘ | 38 | 40.8 | 11.2 | -63.3 | -46.9 | 0 | 92 | 271 | 380 | 35.7 | 92 |
| Cash Flow from Ops. ⓘ | 194 | -41.6 | 55.9 | 48.7 | -11.6 | -150 | 169 | 301 | 317 | -16.5 | - |
| Debt/CF from Ops. ⓘ | 1.8 | -10.3 | 6.8 | 6.6 | -24.4 | -0.7 | 0 | 0 | 0 | -17 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -3.8% | 97% | -20.7% | -81.5% | ||||
| Adj EPS ⓘ | -6.4% | NA | -27.1% | -90.6% | ||||
| BVPSⓘ | 2% | 6.2% | 15.8% | -0.4% | ||||
| Share Price | 25.5% | 37% | 20.8% | -13.4% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 5.2 | 5.4 | 1.5 | -8.6 | -6.9 | 0 | 10 | 24.9 | 28 | 2.4 | 6 |
| Op. Profit Mgn % ⓘ | 63.4 | 61.2 | 72 | -1386 | -232.6 | 21.8 | 62 | 62.2 | 76.4 | 46 | 46.1 |
| Net Profit Mgn % ⓘ | 21.4 | 19.6 | 11.8 | -3691 | -1110.7 | 0 | 36.6 | 45.6 | 56.3 | 28.5 | 23.2 |
| Debt to Equity ⓘ | 0.5 | 0.6 | 0.5 | 0.5 | 0.4 | 0.1 | 0 | 0 | 0 | 0.2 | - |
| Working Cap Days ⓘ | 1,520 | 1,452 | 3,288 | 1,63,808 | 53,283 | 1,714 | 805 | 300 | 325 | 2,282 | 997 |
| Cash Conv. Cycle ⓘ | 112 | 93 | 168 | 23,176 | 4,151 | 496 | 464 | 186 | 120 | 916 | 536 |
Valuation of Ganesh Housing - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 402 | 500 | 261 | 275 | 172 | 384 | 616 | 892 | 960 | 511 |
| Operating Expenses ⓘ + | 196 | 305 | 190 | 328 | 220 | 249 | 365 | 269 | 180 | 89 |
| Operating Profit ⓘ | 206 | 195 | 71 | -53 | -48 | 134 | 252 | 623 | 779 | 423 |
| Operating Profit Margin (%) | 51.2% | 39.0% | 27.1% | -19.2% | -28.1% | 35.0% | 40.9% | 69.9% | 81.2% | 82.6% |
| Other Income ⓘ + | 7 | 8 | 6 | 2 | 10 | 1 | 4 | 7 | 34 | 27 |
| Interest ⓘ | 93 | 101 | 92 | 80 | 75 | 36 | 13 | 4 | 4 | 4 |
| Depreciation ⓘ | 4 | 3 | 2 | 2 | 2 | 2 | 3 | 7 | 7 | 7 |
| Profit Before Tax ⓘ | 116 | 100 | -17 | -132 | -114 | 97 | 240 | 620 | 802 | 439 |
| Tax ⓘ | 42 | 49 | -44 | -13 | -9 | 27 | 138 | 159 | 204 | 123 |
| Profit After Tax | 75 | 51 | 27 | -120 | -105 | 71 | 102 | 461 | 598 | 316 |
| PAT Margin (%) | 18.6% | 10.2% | 10.2% | -43.5% | -61.4% | 18.4% | 16.6% | 51.7% | 62.3% | 61.8% |
| Adjusted EPS (₹) | 14.2 | 10.3 | 5.4 | -24.4 | -21.4 | 8.5 | 12.0 | 55.3 | 71.7 | 37.9 |
| Dividend Payout Ratio (%) | 14.10% | 17.40% | 9.30% | 0% | 0% | 0% | 20% | 19.90% | 7% | 4% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 845 | 889 | 747 | 624 | 502 | 790 | 1,110 | 1,550 | 2,057 | 2,331 | |
| Debt + | 553 | 565 | 503 | 384 | 309 | 71 | 18 | 23 | 23 | 282 | |
| Minority Interest | 106 | 93 | 93 | 93 | 87 | 87 | 68 | 0 | 0 | 0 | |
| Trade Payables | 39 | 41 | 38 | 35 | 10 | 13 | 14 | 19 | 42 | 39 | |
| Others Liabilities ⓘ | 419 | 341 | 418 | 250 | 125 | 146 | 249 | 367 | 427 | 559 | |
| Total Liabilities ⓘ | 1,962 | 1,929 | 1,798 | 1,386 | 1,033 | 1,108 | 1,459 | 1,959 | 2,549 | 3,211 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 231 | 223 | 225 | 223 | 208 | 208 | 261 | 438 | 435 | 433 | |
| CWIP ⓘ | 0 | 0 | 0 | 2 | 0 | 0 | 21 | 148 | 360 | 540 | |
| Investments ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Inventories | 720 | 510 | 815 | 538 | 370 | 429 | 515 | 442 | 447 | 497 | |
| Trade Receivables | 306 | 485 | 106 | 84 | 0 | 116 | 90 | 121 | 344 | 292 | |
| Cash Equivalents | 49 | 46 | 43 | 17 | 20 | 15 | 325 | 231 | 157 | 59 | |
| Others Assets ⓘ | 656 | 664 | 609 | 522 | 435 | 340 | 247 | 579 | 805 | 1,391 | |
| Total Assets ⓘ | 1,962 | 1,929 | 1,798 | 1,386 | 1,033 | 1,108 | 1,459 | 1,959 | 2,549 | 3,211 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 202 | 75 | 129 | 123 | 132 | 41 | 31 | 638 | 410 | 213 |
| Cash Flow From Investing Activity ⓘ + | -140 | 26 | 84 | 53 | 43 | 39 | 278 | -489 | -389 | -543 |
| Cash Flow From Financing Activity ⓘ | -57 | -105 | -216 | -202 | -173 | -85 | 1 | -244 | -94 | 232 |
| Net Proceeds from Shares ⓘ + | 0 | 4 | 0 | 0 | 0 | 217 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 5 | -3 | -3 | -26 | 3 | -5 | 310 | -95 | -73 | -99 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 9.15 | 5.86 | 3.24 | -17.45 | -18.69 | 10.92 | 10.76 | 34.64 | 33.16 | 14.42 |
| ROCE (%) | 13.94 | 12.51 | 4.97 | -4.09 | -3.81 | 14.49 | 24.61 | 46.1 | 44.02 | 18.78 |
| Asset Turnover Ratio | 0.22 | 0.26 | 0.14 | 0.17 | 0.14 | 0.36 | 0.48 | 0.52 | 0.43 | 0.18 |
| PAT to CFO Conversion(x) | 2.69 | 1.47 | 4.78 | N/A | N/A | 0.58 | 0.3 | 1.38 | 0.69 | 0.67 |
| Working Capital Days | ||||||||||
| Receivable Days | 235.20 | 288.60 | 413.40 | 126.50 | 89.70 | 55.20 | 61 | 43.20 | 88.40 | 226.80 |
| Inventory Days | 650.90 | 448.90 | 926.70 | 897.80 | 965.80 | 380.20 | 279.50 | 195.80 | 169 | 337 |
| Payable Days | -1,866.60 | 79.40 | 164.20 | 47.60 | 49.10 | 28 | -58.20 | 84.30 | -3,220 | -314 |
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Ganesh Housing Ltd FAQs
The current trading price of Ganesh Housing on 11-Sep-2026 16:59 is ₹762.4.
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 10-Sep-2026 the market cap of Ganesh Housing stood at ₹6,421.6 Cr
The latest P/E ratio of Ganesh Housing as of 10-Sep-2026 is 69.94.
The latest P/B ratio of Ganesh Housing as of 10-Sep-2026 is 4.16.
The 52-week high of Ganesh Housing is ₹937.8 and the 52-week low is ₹503.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ganesh Housing is ₹395 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Ganesh Housing Ltd is a good 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 Semi Strong which suggest that the price of Ganesh Housing Ltd is likely to Rise-somewhat 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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