Ganesh Housing Ltd
Ganesh Housing Ltd
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BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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50 extracted metrics + investor summaries across FY12–FY26.
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
AI Analysis — Bull vs Bear
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.
- 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
- 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
- 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 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 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 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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% |
Documents
Frequently Asked Questions about Ganesh Housing Ltd
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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]