Ganesh Housing Ltd.
•Add ratio to table
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 24.7%
- Latest quarter profit grew 538.4% YoY, showing strong momentum
- Company has delivered good sales growth of 97.0% CAGR over last 5 years
- Company has consistently been profitable over the last 5 years
- Company has been maintaining a healthy dividend payout of 35.0%
CONS
- Operating cash flow has been negative in recent years
- Receivables are growing faster than sales - a possible quality concern
- Recent results are weak - TTM profit is down 40.6% versus prior year
- Total debt has risen sharply - up 4203.4% year on year
- Working capital days have increased from 221 to 1039 days
- Valuation is stretched - P/E of 69.3 is well above its own 5-year median (23.7)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| DLF | 670.00 | 37.30 | 165845.88 | 1.19 | 793.90 | -89.59 | 1280.34 | -52.87 | 6.81 | 49.68 |
| LODHA | 1211.80 | 29.35 | 121085.87 | 0.35 | 1373.10 | 103.39 | 4996.70 | 43.10 | 16.89 | 38.51 |
| PHOENIXLTD | 1930.00 | 53.93 | 69031.83 | 0.13 | 394.51 | 22.95 | 1074.94 | 12.80 | 13.70 | 59.77 |
| OBEROIRLTY | 1877.50 | 25.96 | 68266.32 | 0.43 | 543.51 | 29.02 | 1300.89 | 31.73 | 17.69 | 56.75 |
| PRESTIGE | 1579.00 | 59.72 | 68012.30 | 0.13 | 271.40 | -12.87 | 2675.10 | 15.94 | 11.51 | 31.75 |
| GODREJPROP | 1960.00 | 36.90 | 59040.39 | 0.51 | 349.38 | -41.61 | 506.17 | 16.48 | 8.37 | -57.98 |
| ANANTRAJ | 587.90 | 36.57 | 21157.16 | 0.17 | 149.19 | 18.50 | 631.40 | 6.58 | 12.23 | 29.53 |
| BRIGADE | 639.90 | 30.04 | 20877.33 | 0.23 | 216.94 | 37.35 | 1115.55 | -12.93 | 11.02 | 32.33 |
| ABREL | 1331.60 | 112.46 | 14873.40 | 0.19 | -34.59 | -27.73 | 188.85 | 30.95 | -4.54 | -30.02 |
| SOBHA | 1230.00 | 57.04 | 13155.32 | 0.49 | 50.85 | 273.37 | 1278.15 | 50.03 | 6.96 | 6.07 |
| SIGNATURE | 765.70 | 10.32 | 10772.33 | 0.00 | -16.53 | -148.00 | 551.99 | -36.24 | 7.49 | -8.10 |
| GANESHHOU | 762.60 | 23.98 | 6359.10 | 0.20 | 41.96 | -54.92 | 279.94 | 85.62 | 18.78 | 39.22 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 26 | 119 | 181 | 268 | 140 | 242 | 255 | 39 | 4 | 104 | 0 | 17 | 274 | |
| 27 | 33 | 44 | 120 | 59 | 34 | 45 | 22 | 16 | 25 | 11 | 16 | 166 | |
| Operating Profit | -1 | 85 | 138 | 148 | 80 | 209 | 211 | 17 | -12 | 79 | -11 | 1 | 112 |
| OPM % | -3.68% | 71.85% | 75.89% | 55.08% | 57.58% | 86.06% | 82.49% | 43.13% | -290.93% | 75.64% | -26300.00% | 8.22% | 40.98% |
| Other Income | 1 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 2 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 |
| Depreciation | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 2 | 2 | 2 | 1 |
| -2 | 84 | 136 | 146 | 79 | 207 | 209 | 15 | -13 | 77 | -12 | 2 | 108 | |
| Tax % | 94.16% | 30.09% | 25.25% | 23.95% | 25.47% | 25.24% | 25.26% | 29.02% | 22.12% | 25.73% | 22.00% | 191.93% | 57.85% |
| Net Profit | -0 | 59 | 101 | 111 | 59 | 155 | 156 | 11 | -10 | 57 | -9 | -1 | 46 |
| -0 | 7 | 12 | 13 | 7 | 19 | 19 | 1 | -1 | 7 | -1 | -0 | 1 | |
| Equity Capital | 83 | 83 | 83 | 83 | 83 | 83 | 83 | 83 | 83 | 83 | 83 | 83 | 83 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 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% |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 177 | 208 | 95 | 2 | 4 | 125 | 252 | 594 | 676 | 125 | 395 | |
| 65 | 83 | 27 | 25 | 14 | 98 | 96 | 224 | 160 | 68 | 218 | |
| Operating Profit | 114 | 127 | 73 | -22 | 0 | 28 | 157 | 371 | 518 | 60 | — |
| OPM % | 64 | 61 | 77 | -1,262 | 6 | 22 | 63 | 62 | 77 | 48 | — |
| Other Income | 2 | 2 | 5 | 2 | 10 | 1 | 1 | 2 | 2 | 2 | 3 |
| Interest | 52 | 57 | 53 | 47 | 44 | 25 | 8 | 1 | 1 | 1 | 3 |
| Depreciation | 3 | 3 | 2 | 2 | 2 | 2 | 3 | 6 | 7 | 7 | 6 |
| 59 | 67 | 19 | -71 | -46 | 0 | 147 | 364 | 510 | 53 | 175 | |
| Tax % | 36 | 42 | 40 | 11 | -2 | 89 | 37 | 26 | 25 | 33 | 47 |
| Net Profit | 38 | 39 | 11 | -63 | -47 | 0 | 92 | 271 | 380 | 36 | 92 |
| EPS | 0 | 0 | 0 | 0 | -10 | 0 | 11 | 32 | 46 | 4 | — |
| Dividend Payout % | 26 | 23 | 22 | 0 | 0 | 0 | 22 | 34 | 11 | 35 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 8 | 8 | 2 | -13 | -10 | 0 | 11 | 32 | 46 | 4 | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- -4%
- 5 Years:
- 97%
- 3 Years:
- -21%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- -1%
- 5 Years:
- —
- 3 Years:
- -27%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- —
RETURN ON EQUITY
- 10 Years:
- 6%
- 5 Years:
- 13%
- 3 Years:
- 18%
- Last Year:
- 2%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 49 | 49 | 49 | 49 | 49 | 83 | 83 | 83 | 83 | 83 |
| 686 | 718 | 718 | 652 | 605 | 788 | 880 | 1,131 | 1,420 | 1,414 | |
| 37 | 62 | 26 | 173 | 171 | 25 | 0 | 0 | 0 | 126 | |
| Trade Payables | 19 | 21 | 18 | 18 | 8 | 12 | 13 | 19 | 39 | 38 |
| 436 | 465 | 460 | 239 | 123 | 163 | 205 | 268 | 310 | 544 | |
| Total Liabilities | 1,229 | 1,315 | 1,271 | 1,131 | 957 | 1,072 | 1,181 | 1,501 | 1,851 | 2,206 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 210 | 208 | 208 | 206 | 191 | 192 | 192 | 214 | 212 | 209 | |
| Capital Work in Progress | 0 | 0 | 0 | 2 | 0 | 0 | 21 | 148 | 360 | 540 |
| 205 | 203 | 205 | 205 | 228 | 227 | 298 | 525 | 525 | 525 | |
| 37 | 6 | 7 | 7 | 18 | 218 | 286 | 215 | 227 | 290 | |
| 0 | 0 | 0 | 0 | 0 | 115 | 89 | 104 | 152 | 118 | |
| Cash & Bank | 30 | 28 | 25 | 12 | 11 | 6 | 208 | 101 | 64 | 57 |
| 745 | 869 | 827 | 699 | 509 | 315 | 87 | 194 | 312 | 468 | |
| Total Assets | 1,229 | 1,315 | 1,271 | 1,131 | 957 | 1,072 | 1,181 | 1,501 | 1,851 | 2,206 |
| Total Debt | 357 | 429 | 378 | 322 | 282 | 99 | 4 | 8 | 7 | 281 |
| Net Working Capital | 472 | 639 | 600 | 408 | 268 | 491 | 458 | 333 | 409 | 357 |
| Contingent Liabilities | 240 | 181 | 87 | 212 | 182 | 33 | 33 | 29 | 31 | 31 |
| Book Value per Share | 150.07 | 155.78 | 155.88 | 142.42 | 132.89 | 104.50 | 115.53 | 145.62 | 180.25 | 179.53 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 194 | -42 | 56 | 49 | -12 | -150 | 169 | 301 | 317 | -16 | |
| Cash from Investing | -130 | -40 | 77 | 74 | 68 | 137 | 136 | -391 | -260 | -223 |
| Cash from Financing | -65 | 79 | -136 | -135 | -58 | 9 | -103 | -17 | -94 | 232 |
| -1 | -2 | -3 | -13 | -2 | -4 | 201 | -107 | -37 | -8 | |
| Free Cash Flow | 194 | -42 | 54 | 46 | -12 | -152 | 145 | 148 | 102 | -200 |
| OCF / Net Profit | 5.08 | -1.06 | 5.00 | -0.77 | 0.25 | -3662.49 | 1.84 | 1.11 | 0.83 | -0.46 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 241 | -105 | 83 | 176 | 231 | 43 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | ||||||||||
| EPS (₹) | 7.79 | 7.94 | 2.27 | -12.86 | -9.53 | 0.00 | 11.03 | 32.49 | 45.62 | 4.28 |
| Book Value (₹) | 150.07 | 155.78 | 155.88 | 142.42 | 132.89 | 104.50 | 115.53 | 145.62 | 180.25 | 179.53 |
| Dividend per Share (₹) | 2.00 | 1.80 | 0.50 | 0.00 | 0.00 | 0.00 | 2.40 | 11.00 | 5.00 | 1.50 |
| Cash EPS (₹) | 8.46 | 8.45 | 2.73 | -12.43 | -9.18 | 0.24 | 11.35 | 33.27 | 46.52 | 5.07 |
| PROFITABILITY | ||||||||||
| Operating Margin % | 64.45% | 60.93% | 77.45% | -1262.26% | 6.08% | 21.74% | 62.04% | 62.24% | 76.37% | 46.00% |
| Net Margin % | 21.52% | 18.75% | 11.79% | -3691.05% | -1110.71% | 0.03% | 36.56% | 45.58% | 56.26% | 28.49% |
| ROE % | 5.29% | 5.20% | 1.46% | -8.62% | -6.92% | 0.01% | 10.03% | 24.88% | 28.00% | 2.38% |
| ROCE % | 10.59% | 10.86% | 6.08% | -2.19% | -0.15% | 2.71% | 15.97% | 33.34% | 37.39% | 3.26% |
| 3.23% | 3.07% | 0.87% | -5.27% | -4.49% | 0.00% | 8.17% | 20.20% | 22.69% | 1.76% | |
| EFFICIENCY | ||||||||||
| Debtor Days | 163 | 158 | 473 | 22072 | 3582 | 168 | 148 | 59 | 69 | 393 |
| Inventory Days | 74 | 38 | 25 | 1433 | 1088 | 344 | 365 | 154 | 119 | 753 |
| Payable Days | -2509 | 241 | 0 | 0 | -424 | 285 | -68 | 84 | -1002 | -239 |
| 2746 | -44 | 498 | 23504 | 5093 | 227 | 581 | 130 | 1190 | 1385 | |
| FINANCIAL HEALTH | ||||||||||
| Debt to Equity (x) | 0.49x | 0.56x | 0.49x | 0.46x | 0.43x | 0.11x | 0.00x | 0.01x | 0.00x | 0.19x |
| Interest Coverage (x) | 2.14x | 2.17x | 1.35x | -0.50x | -0.03x | 1.01x | 20.29x | 358.10x | 635.59x | 90.06x |
| 2.57x | 3.65x | 3.54x | 2.41x | 2.28x | 4.07x | 3.17x | 2.18x | 2.18x | 1.62x | |
| GROWTH | ||||||||||
| Revenue Growth % | -10.54% | 17.46% | -54.49% | -98.19% | 146.39% | 2861.83% | 101.15% | 136.18% | 13.78% | -81.47% |
| Operating Profit Growth % | 2.37% | 11.04% | -42.15% | -129.46% | 101.19% | 0.00% | 466.43% | 136.03% | 39.50% | -88.41% |
| Net Profit Growth % | -5.15% | 2.33% | -71.37% | -665.79% | 25.86% | 100.09% | 0.00% | 194.47% | 40.42% | -90.61% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 100.05% | 0.00% | 194.47% | 40.42% | -90.61% | |
| VALUATION | ||||||||||
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 24.28x | 22.84x | 23.14x | 118.48x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 2.56x | 2.32x | 5.10x | 5.86x | 2.83x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.90% | 1.48% | 0.47% | 0.30% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 83.52x | 12.90x | 16.41x | 16.88x | 74.18x |
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
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
2026-07-25 - Publication of Newspaper Advertisements - Unaudited Financial Results for the quarter ended June 30, 2026
2026-07-24 - GANESH HOUSING LIMITED has informed the Exchange about Investor Presentation
News
Recent coverage and analyst commentary for GANESHHOU
Loading news…
AI Stock Analyst
Ganesh Housing Ltd.
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account