Ganesh Housing Ltd.

•

ganeshhousing.comBSE: 526367NSE: GANESHHOU

Market Cap₹ 6,359 Cr.

Current Price

High / Low₹ 903 / 500

Stock P/E69.3

Book Value₹ 185

Price to Book2.83

Dividend Yield0.20 %

ROCE3.3 %

ROE2.4 %

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 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

RealtyRealtyConstruction - Real Estate

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

S.No.	Name
1.	DLF	670.00	37.30	165845.88	1.19	793.90	-89.59	1280.34	-52.87	6.81	49.68
2.	LODHA	1211.80	29.35	121085.87	0.35	1373.10	103.39	4996.70	43.10	16.89	38.51
3.	PHOENIXLTD	1930.00	53.93	69031.83	0.13	394.51	22.95	1074.94	12.80	13.70	59.77
4.	OBEROIRLTY	1877.50	25.96	68266.32	0.43	543.51	29.02	1300.89	31.73	17.69	56.75
5.	PRESTIGE	1579.00	59.72	68012.30	0.13	271.40	-12.87	2675.10	15.94	11.51	31.75
6.	GODREJPROP	1960.00	36.90	59040.39	0.51	349.38	-41.61	506.17	16.48	8.37	-57.98
7.	ANANTRAJ	587.90	36.57	21157.16	0.17	149.19	18.50	631.40	6.58	12.23	29.53
8.	BRIGADE	639.90	30.04	20877.33	0.23	216.94	37.35	1115.55	-12.93	11.02	32.33
9.	ABREL	1331.60	112.46	14873.40	0.19	-34.59	-27.73	188.85	30.95	-4.54	-30.02
10.	SOBHA	1230.00	57.04	13155.32	0.49	50.85	273.37	1278.15	50.03	6.96	6.07
11.	SIGNATURE	765.70	10.32	10772.33	0.00	-16.53	-148.00	551.99	-36.24	7.49	-8.10
12.	GANESHHOU	762.60	23.98	6359.10	0.20	41.96	-54.92	279.94	85.62	18.78	39.22

Detailed Comparison with:

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

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

2026-08-12

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

2026-07-25

Copy of Newspaper Publication

2026-07-25 - Publication of Newspaper Advertisements - Unaudited Financial Results for the quarter ended June 30, 2026

2026-07-24

Investor Presentation

2026-07-24 - GANESH HOUSING LIMITED has informed the Exchange about Investor Presentation

News

Recent coverage and analyst commentary for GANESHHOU

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Free 5nance Account

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

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

119

181

268

140

242

255

104

274

120

166

Operating Profit

-1

138

148

209

211

-12

-11

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

Interest

Depreciation

-2

136

146

207

209

-13

-12

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

101

111

155

156

-10

-9

-1

-0

-1

-0

Equity Capital

Reserves

Promoter Pledge %

0.00%

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

177

208

125

252

594

676

125

395

224

160

218

Operating Profit

114

127

-22

157

371

518

—

OPM %

-1,262

—

Other Income

Interest

Depreciation

-71

-46

147

364

510

175

Tax %

-2

Net Profit

-63

-47

271

380

EPS

-10

—

Dividend Payout %

—

Minority Interest

Share of Associates

Adjusted EPS

-13

-10

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

LIABILITIES

Equity Capital

686

718

652

605

788

880

1,131

1,420

1,414

173

171

126

Trade Payables

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

206

191

192

214

212

209

Capital Work in Progress

148

360

540

205

203

205

228

227

298

525

218

286

215

227

290

115

104

152

118

Cash & Bank

208

101

745

869

827

699

509

315

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

281

Net Working Capital

472

639

600

408

268

491

458

333

409

357

Contingent Liabilities

240

181

212

182

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

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

194

-42

-12

-150

169

301

317

-16

Cash from Investing

-130

-40

137

136

-391

-260

-223

Cash from Financing

-65

-136

-135

-58

-103

-17

-94

232

-1

-2

-3

-13

-2

-4

201

-107

-37

-8

Free Cash Flow

194

-42

-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

241

-105

176

231

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

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

393

Inventory Days

1433

1088

344

365

154

119

753

Payable Days

-2509

241

-424

285

-68

-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

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%

100.05%

0.00%

194.47%

40.42%

-90.61%

VALUATION

P/E (x)

0.00x

24.28x

22.84x

23.14x

118.48x

P/B (x)

0.00x

2.56x

2.32x

5.10x

5.86x

2.83x

Dividend Yield %

0.00%

0.90%

1.48%

0.47%

0.30%

0.00x

83.52x

12.90x

16.41x

16.88x

74.18x

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

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

Government

0.00

25.91

25.86

25.92

26.06

25.95

25.92

25.98

Ganesh Housing Ltd.

AI Sector View

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Quarterly Results

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Ganesh Housing Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI