Ganesh Housing Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Real Estate Promotion & Development: 100.0%
AI Sector View
AI GENERATEDRealty
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.
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
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| DLF | 643.60 | 35.83 | 159311.06 | 1.24 | 793.90 | -89.59 | 1280.34 | -52.87 | 6.81 | 49.68 |
| LODHA | 1113.00 | 26.96 | 111226.00 | 0.38 | 1373.10 | 103.39 | 4996.70 | 43.10 | 16.89 | 38.51 |
| PHOENIXLTD | 1891.15 | 52.85 | 67642.25 | 0.13 | 394.51 | 22.95 | 1074.94 | 12.80 | 15.41 | 59.77 |
| PRESTIGE | 1505.00 | 56.92 | 64824.90 | 0.13 | 271.40 | -12.87 | 2675.10 | 15.94 | 11.51 | 31.75 |
| OBEROIRLTY | 1747.40 | 24.16 | 63535.85 | 0.46 | 543.51 | 29.02 | 1300.89 | 31.73 | 17.69 | 56.75 |
| GODREJPROP | 1745.00 | 32.85 | 52564.02 | 0.57 | 349.38 | -41.61 | 506.17 | 16.48 | 8.37 | -57.98 |
| ANANTRAJ | 599.05 | 37.26 | 21558.43 | 0.17 | 149.19 | 18.50 | 631.40 | 6.58 | 12.23 | 29.53 |
| BRIGADE | 638.90 | 30.00 | 20844.71 | 0.24 | 216.94 | 37.35 | 1115.55 | -12.93 | 11.02 | 32.33 |
| ABREL | 1284.65 | 108.49 | 14348.99 | 0.19 | -34.59 | -27.73 | 188.85 | 30.95 | -4.54 | -30.02 |
| SOBHA | 1217.35 | 56.45 | 13020.02 | 0.49 | 50.85 | 273.37 | 1278.15 | 50.03 | 6.96 | 6.07 |
| SIGNATURE | 762.15 | 10.27 | 10722.39 | 0.00 | -16.53 | -148.00 | 551.99 | -36.24 | 34.77 | -8.10 |
| GANESHHOU | 762.40 | 23.98 | 6357.43 | 0.20 | 41.96 | -54.92 | 279.94 | 85.62 | 18.78 | 39.22 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
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 - GANESH HOUSING LIMITED has informed the Exchange regarding Proceedings of Annual General Meeting held on September 11, 2026
2026-08-12 - Communication to Shareholders - Deduction of Tax at Source on Dividend
2026-08-12 - Newspaper Advertisements - Notice for 35th Annual General Meeting and E-Voting Information
2026-08-11 - Business Responsibility & Sustainability Report for the financial year 2025-2026
2026-08-11 - Notice of the 35th Annual General Meeting of the Company to be held on Friday, September 11, 2026
2026-08-06 - Publication of Newspaper Advertisements - Special Window for transfer and dematerialisation of physical equity shares
2026-07-29 - Transcript of Q1 FY27 Earnings Conference Call dated July 27, 2026
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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