Ganesh Housing Ltd logo

Ganesh Housing Ltd

GANESHHOU NSE

Key Fundamentals

MicrocapResidential Commercial ProjectsRealty
Market Cap
₹6,990 Cr
Volatility
Moderate
P/E Ratio
26.54
EBITDA
₹423 Cr
Return on Equity
29.08%
Debt to Equity
0.25
Book Value
₹253.08
EPS
₹49.55
52W High
₹920.15
52W Low
₹500

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Tapetide Score

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Technical Indicators

Key Insights

Strengths

3
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 38.0% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.5%

Weaknesses

3
  • Company might be capitalizing the interest cost
  • Company has high debtors of 209 days.
  • Working capital days have increased from 593 days to 1,042 days

Growth Rate

Revenue Growth
-48.53%
Net Income Growth
-46.99%
Cash Flow Change
-48.08%
ROE
-2.15%
ROCE
-2.22%
EBITDA Margin (Avg.)
-4.11%

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 42d ago
AI opinion · based on fundamentals
Risk high

Ganesh Housing Ltd is a mid-cap real estate company with a market cap of ₹6,696 Cr trading at a PE of 21.4x. While the company delivered strong 5-year profit CAGR of 38% and maintained a 3-year ROE of 29%, the TTM period shows a sharp 47% decline in both sales and profit, alongside significantly deteriorating working capital efficiency with debtor days at 208 and working capital days expanding to 1,040.

Bull Case 8
  • Strong 5-year compounded profit growth of 38% CAGR demonstrates sustained earnings expansion over a longer cycle
  • Robust 3-year ROE of 28.8% indicates efficient capital allocation and strong profitability relative to equity deployed
  • 5-year ROE averages 25%, well above cost of equity for most real estate companies
  • 5-year stock price CAGR of 52% reflects significant long-term wealth creation for shareholders
  • 10-year stock price CAGR of 25% shows consistent compounding over a full market cycle
  • Price-to-book ratio of 2.9x is reasonable for a company generating 29% ROE, suggesting valuation is not excessively stretched relative to returns
  • 5-year compounded sales growth of 25% indicates the company has been able to scale its revenue base meaningfully
  • 3-year compounded profit growth of 46% outpaces 3-year sales growth of -6%, suggesting margin expansion and operating leverage in recent years
Bear Case 8
  • TTM sales declined 47% year-over-year, signaling a severe revenue contraction in the most recent period
  • TTM profit declined 47%, mirroring the sales drop and indicating no cost cushion to protect earnings during a downturn
  • Working capital days surged from 592 to 1,040 days, indicating severe cash conversion deterioration and capital being locked in operations
  • Debtor days at 208 days is extremely high, suggesting delayed collections from buyers and potential credit risk on receivables
  • 1-year stock price return of -17% reflects market concern over the recent operational deterioration
  • 3-year compounded sales growth is negative at -6%, suggesting the top-line growth engine has stalled over a medium-term horizon
  • Last year ROE dropped to 15% from a 3-year average of 29%, a halving that signals declining return quality
  • Dividend yield of just 0.19% provides negligible income cushion for investors during periods of capital depreciation

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 42d ago
Neutral 3
  • New President Treasury appointed Jun 30

    Rishit Patel promoted to President (Treasury) effective July 01, 2026, replacing Rajendra M. Patel who retires on June 30, 2026.

  • Investor meet hosted in Mumbai Jun 16

    Ganesh Housing held an investor meeting in Mumbai on June 23, 2026 from 12:00 PM to 5:00 PM IST with no unpublished price sensitive information shared.

  • Promoters report no encumbrance FY26 Jun 15

    Ganesh Housing promoters and PACs reported zero new encumbrances created during FY26 under SEBI disclosure regulations.

TL;DR: Recent news flow for Ganesh Housing is entirely routine and governance-related, with no material headwinds or bullish catalysts. Leadership transition in the treasury function appears orderly, and promoter shares remain unencumbered, signaling no financing stress. The absence of negative developments is mildly reassuring, but the lack of growth-oriented announcements means investors should watch for upcoming project launches or financial updates for directional cues.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
270
163
181
277
214
237
257
251
151
174
91
95
280
Expenses
54
42
45
128
65
35
46
35
23
26
16
23
170
Operating Profit
216
121
137
149
149
203
211
217
128
148
75
72
110
OPM %
80%
74%
75%
54%
70%
85%
82%
86%
85%
85%
82%
75%
39%
Other Income
1
1
2
3
6
12
7
8
0
0
0
27
0
Interest
1
1
1
1
1
1
1
1
1
1
1
1
4
Depreciation
1
2
2
2
2
2
2
2
1
2
2
2
1
PBT
215
120
136
149
153
212
215
221
126
145
73
96
105
Tax %
25%
28%
26%
25%
25%
25%
25%
26%
26%
26%
26%
36%
60%
Net Profit
161
86
101
113
114
158
161
165
93
108
54
61
42
EPS in Rs
19.35
10.31
12.06
13.53
13.65
19.01
19.29
19.78
11.16
12.96
6.44
7.36
5.03
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
250
321
401
499
258
267
168
383
616
891
959
511
640
Expenses
119
117
195
304
188
320
216
248
364
267
180
88
236
Operating Profit
132
204
207
195
71
-53
-48
134
252
624
779
423
404
OPM %
53%
64%
51%
39%
27%
-20%
-29%
35%
41%
70%
81%
83%
63%
Other Income
7
2
6
8
6
2
10
1
4
6
34
27
27
Interest
64
100
93
101
92
80
75
36
13
4
4
4
7
Depreciation
4
4
4
3
2
2
2
2
3
7
7
7
6
PBT
72
102
116
100
-17
-132
-114
97
240
620
802
439
418
Tax %
27%
31%
36%
49%
-256%
-10%
-8%
27%
57%
26%
25%
28%
Net Profit
53
70
75
51
27
-120
-105
71
102
461
598
316
265
EPS in Rs
11.27
12.56
14.16
10.32
5.39
-24.3
-21.38
8.47
12.25
55.25
71.72
37.93
31.79
Div. Payout %
15%
11%
14%
17%
9%
0%
0%
0%
20%
20%
7%
4%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
33
33
49
49
49
49
49
83
83
83
83
83
Reserves
692
757
798
840
698
575
453
706
805
1,246
1,752
2,027
Borrowings
593
602
764
707
663
533
409
142
240
247
248
526
Other Liabilities
189
256
272
243
336
214
220
248
290
193
254
190
Total Liabilities
1,506
1,648
1,883
1,839
1,746
1,372
1,131
1,179
1,419
1,769
2,338
2,826
Fixed Assets
216
221
231
223
225
223
208
208
261
438
435
432
CWIP
0
2
0
0
0
2
0
0
21
148
360
540
Investments
0
0
0
0
0
0
0
0
0
0
0
0
Other Assets
1,291
1,425
1,652
1,616
1,521
1,146
923
972
1,136
1,183
1,543
1,854
Total Assets
1,506
1,648
1,883
1,839
1,746
1,372
1,131
1,179
1,419
1,769
2,338
2,826
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-380
168
202
75
129
123
132
41
31
638
410
213
Investing
55
-86
-140
26
84
53
43
39
278
-489
-389
-543
Financing
338
-60
-57
-105
-216
-202
-173
-85
1
-244
-94
232
Net Cash Flow
14
22
5
-3
-3
-26
3
-5
310
-95
-73
-99
Free Cash Flow
-540
162
202
78
128
120
148
38
3
486
193
30
CFO/OP
-268
76
110
45
226
-245
-278
33
27
123
59
73
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
387
241
278
355
150
115
0
111
53
50
131
209
Inventory Days
1,013
3,409
710
812
2,220
Days Payable
81
157
46
22
96
Cash Conversion Cycle
387
241
278
1,287
3,402
780
790
111
53
2,174
131
209
Working Capital Days
1,083
964
917
834
1,390
988
711
322
342
307
429
1,042
ROCE %
10%
14%
13%
11%
5%
-4%
-4%
13%
23%
45%
44%
19%

Shareholding Pattern

As of Jun 2026
Promoters 73.06%
Others 13.61%
Public 12.36%
FIIs 0.64%
DIIs 0.34%
Total 100.01%
  Mar 2021May 2021Jun 2021Sep 2021Dec 2021Feb 2022Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
54.36%
56.54%
56.54%
56.54%
56.54%
73.06%
73.06%
73.06%
73.06%
73.06%
73.06%
73.06%
73.06%
73.06%
73.06%
73.06%
73.06%
73.06%
73.06%
73.06%
73.06%
73.06%
73.06%
73.06%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.87%
0.89%
1.08%
0.97%
0.75%
0.95%
0.47%
0.43%
0.57%
0.70%
0.64%
DIIs
0.01%
0.01%
0.01%
0.01%
0.01%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.06%
0.07%
0.04%
0.05%
0.06%
0.33%
0.14%
0.54%
0.45%
0.42%
0.32%
0.34%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
28.26%
27.27%
27.73%
28.36%
29.55%
18.24%
18.37%
18.66%
18.80%
18.75%
18.49%
18.16%
18.54%
18.49%
18.78%
18.64%
19.59%
20.21%
12.95%
12.95%
12.87%
12.53%
12.37%
12.36%
Others
17.37%
16.18%
15.73%
15.10%
13.91%
8.70%
8.57%
8.27%
8.14%
8.19%
8.45%
8.78%
8.34%
7.51%
7.23%
7.18%
6.32%
5.65%
12.91%
12.97%
13.19%
13.42%
13.55%
13.61%
No. of Shareholders
18,240
17,821
16,989
15,252
14,477
14,512
15,349
13,994
14,016
13,448
13,298
12,760
15,464
15,342
20,744
24,607
29,810
33,611
38,598
40,142
38,343
36,990
34,764
33,191

Documents

Frequently Asked Questions about Ganesh Housing Ltd

What does Ganesh Housing Ltd do?
Incorporated in 1991, Ganesh Housing Corporation Ltd is in the business of real estate development in residential and commercial segment and infrastructure projects[1]
Where is Ganesh Housing Ltd (GANESHHOU) listed?
Ganesh Housing Ltd is listed on the Indian stock exchanges. It is listed on NSE: GANESHHOU and BSE: 526367. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Ganesh Housing Ltd belong to?
Ganesh Housing Ltd operates in the Realty sector within the Residential Commercial Projects industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Ganesh Housing Ltd?
Ganesh Housing Ltd has a market capitalisation of approximately ₹6990.34 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Ganesh Housing Ltd?
The Price-to-Earnings (PE) ratio of Ganesh Housing Ltd is 26.54. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Ganesh Housing Ltd?
Over the past 52 weeks, Ganesh Housing Ltd has traded between a low of ₹500 and a high of ₹920.15. This range helps investors understand the stock's price volatility and recent trading levels.
Does Ganesh Housing Ltd pay dividends?
Yes, Ganesh Housing Ltd has a dividend yield of 0.18%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Ganesh Housing Ltd?
Ganesh Housing Ltd has a Return on Equity (ROE) of 29.08%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Ganesh Housing Ltd on Tapetide?
On Tapetide, you can view Ganesh Housing Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Incorporated in 1991, Ganesh Housing Corporation Ltd is in the business of real estate development in residential and commercial segment and infrastructure projects[1]

CEO Mr. Dipakkumar Govindbhai Patel
Employees 113
Listed 2007-03-02
Face Value ₹ 10
Issued Size 8,33,87,090

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