Ganesh Housing Ltd.

•

ganeshhousing.comBSE: 526367NSE: GANESHHOU

Market Cap₹ 6,357 Cr.

Current Price

High / Low₹ 900 / 500

Stock P/E24.0

Book Value₹ 285

Price to Book1.82

Dividend Yield0.20 %

ROCE18.8 %

ROE14.4 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Real Estate Promotion & Development: 100.0%

AI Sector View

AI GENERATED

Realty

Buy

Housing and construction indicators remain supportive for real estate. The housing index reached 105 (Mar/26), residential property prices rose 4.21% (Mar/26), construction output was 5.4% (Jul/26), and cement output accelerated to 13.1% YoY (2026-07). Bank lending rates are steady at 8.96% (Aug/26) rather than easing, but FPI flows turned positive with INR 1999 crore net inflow over 3 months to 2026-08-31 from INR -7216 crore previously.

Confidence

75%

View full sector analysis →

PROS

Company has a healthy return on capital (ROCE) of 36.3%
Company has a good return on equity (ROE) track record: 3 Years ROE 27.4%
Company has consistently been profitable over the last 5 years
Operating margins have improved to 82.6% from 40.9%
Company has delivered good sales growth of 24.4% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 0.92x)

CONS

Recent results are weak - TTM profit is down 48.6% versus prior year
Receivables are growing faster than sales - a possible quality concern
Total debt has risen sharply - up 1011.9% year on year
Working capital days have increased from 489 to 1082 days
Valuation is stretched - P/E of 24.0 is well above its own 5-year median (14.7)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

RealtyRealtyConstruction - Real Estate

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	DLF	643.60	35.83	159311.06	1.24	793.90	-89.59	1280.34	-52.87	6.81	49.68
2.	LODHA	1113.00	26.96	111226.00	0.38	1373.10	103.39	4996.70	43.10	16.89	38.51
3.	PHOENIXLTD	1891.15	52.85	67642.25	0.13	394.51	22.95	1074.94	12.80	15.41	59.77
4.	PRESTIGE	1505.00	56.92	64824.90	0.13	271.40	-12.87	2675.10	15.94	11.51	31.75
5.	OBEROIRLTY	1747.40	24.16	63535.85	0.46	543.51	29.02	1300.89	31.73	17.69	56.75
6.	GODREJPROP	1745.00	32.85	52564.02	0.57	349.38	-41.61	506.17	16.48	8.37	-57.98
7.	ANANTRAJ	599.05	37.26	21558.43	0.17	149.19	18.50	631.40	6.58	12.23	29.53
8.	BRIGADE	638.90	30.00	20844.71	0.24	216.94	37.35	1115.55	-12.93	11.02	32.33
9.	ABREL	1284.65	108.49	14348.99	0.19	-34.59	-27.73	188.85	30.95	-4.54	-30.02
10.	SOBHA	1217.35	56.45	13020.02	0.49	50.85	273.37	1278.15	50.03	6.96	6.07
11.	SIGNATURE	762.15	10.27	10722.39	0.00	-16.53	-148.00	551.99	-36.24	34.77	-8.10
12.	GANESHHOU	762.40	23.98	6357.43	0.20	41.96	-54.92	279.94	85.62	18.78	39.22

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	270	163	181	277	214	237	257	251	151	174	91	95	280
	54	42	45	128	65	35	46	35	23	26	16	23	175
Operating Profit	216	121	137	149	149	203	211	217	128	148	75	72	105
OPM %	79.85%	74.34%	75.33%	53.86%	69.64%	85.39%	82.09%	86.16%	84.80%	84.94%	82.26%	75.31%	37.37%
	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
Profit before Tax	215	120	136	149	153	212	215	221	126	145	73	96	105
Tax %	24.98%	28.09%	25.85%	24.53%	25.46%	25.33%	25.28%	25.55%	25.86%	25.61%	26.01%	35.88%	59.99%
Net Profit	0	0	0	0	114	158	161	165	93	108	54	61	42
	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

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	402	500	261	275	172	384	616	892	960	511	641
	196	305	190	328	220	249	365	269	180	89	241
Operating Profit	206	195	71	-53	-48	134	252	623	779	423	399
OPM %	51.23%	38.99%	27.15%	-19.17%	-28.09%	34.99%	40.85%	69.86%	81.19%	82.63%	62.34%
	7	8	6	2	10	1	4	7	34	27	27
Interest	93	101	92	80	75	36	13	4	4	4	7
Depreciation	4	3	2	2	2	2	3	7	7	7	6
Profit before Tax	116	100	-17	-132	-114	97	240	620	802	439	418
Tax %	35.86%	49.19%	255.95%	9.62%	7.84%	27.44%	57.45%	25.66%	25.40%	27.99%	36.64%
Net Profit	75	51	27	-120	-105	71	102	461	598	316	265
EPS	0.00	0.00	0.00	0.00	-21.38	8.47	12.00	55.25	71.72	37.93	—
Dividend Payout %	14.12%	17.42%	9.27%	0.00%	0.00%	0.00%	20.00%	19.91%	6.97%	3.96%	—

COMPOUNDED SALES GROWTH

10 Years:: 5%
5 Years:: 24%
3 Years:: -6%

COMPOUNDED PROFIT GROWTH

10 Years:: 18%
5 Years:: —
3 Years:: 47%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: 9%
5 Years:: 21%
3 Years:: 27%
Last Year:: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	49	49	49	49	49	83	83	83	83	83
Minority Interest	106	93	93	93	87	87	68	0	0	0
	796	840	698	575	453	706	1,026	1,467	1,973	2,248
	572	582	518	545	428	138	24	26	26	284
Trade Payables	39	41	38	35	10	13	14	19	42	39
	400	324	403	89	6	80	243	364	424	557
Total Liabilities	1,962	1,929	1,798	1,386	1,033	1,108	1,459	1,959	2,549	3,211
	231	223	225	223	208	208	261	438	435	433
Capital Work in Progress	0	0	0	2	0	0	21	148	360	540
	720	510	815	538	370	429	515	442	447	497
	0	0	0	0	0	116	90	121	344	292
Cash & Bank	49	46	43	17	20	15	325	231	157	59
	962	1,149	715	606	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

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	188	37	153	116	116	41	31	638	410	213
Cash from Investing	-140	26	84	53	43	39	278	-489	-389	-543
Cash from Financing	-57	-105	-216	-202	-173	-85	1	-244	-94	232
	5	-3	-3	-26	3	-5	310	-95	-73	-99

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	73.06	73.06	73.06	73.06	73.06	73.06	73.06	73.06
	0.97	0.75	0.95	0.47	0.43	0.57	0.70	0.63
	0.06	0.33	0.13	0.54	0.44	0.41	0.32	0.32
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	25.91	25.86	25.86	25.92	26.06	25.95	25.92	25.98

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-12

Shareholders meeting

2026-09-12 - GANESH HOUSING LIMITED has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 11, 2026. Further, the company has informed the Exchange regarding voting results.

2026-09-11

Shareholders meeting

2026-09-11 - GANESH HOUSING LIMITED has informed the Exchange regarding Proceedings of Annual General Meeting held on September 11, 2026

2026-08-12

Updates

2026-08-12 - Communication to Shareholders - Deduction of Tax at Source on Dividend

2026-08-12

Copy of Newspaper Publication

2026-08-12 - Newspaper Advertisements - Notice for 35th Annual General Meeting and E-Voting Information

2026-08-11

Updates

2026-08-11 - Business Responsibility & Sustainability Report for the financial year 2025-2026

2026-08-11

Shareholders meeting

2026-08-11 - Notice of the 35th Annual General Meeting of the Company to be held on Friday, September 11, 2026

2026-08-06

Copy of Newspaper Publication

2026-08-06 - Publication of Newspaper Advertisements - Special Window for transfer and dematerialisation of physical equity shares

2026-07-29

Analysts/Institutional Investor Meet/Con. Call Updates

2026-07-29 - Transcript of Q1 FY27 Earnings Conference Call dated July 27, 2026

2026-07-27

Analysts/Institutional Investor Meet/Con. Call Updates

2026-07-27 - GANESH HOUSING LIMITED has informed the Exchange about Link of Recording

News

Recent coverage and analyst commentary for GANESHHOU

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