Ganesh Housing Corporation Ltd

Ganesh Housing Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ganesh Housing Corporation Ltd

₹ 1,257 -0.15%
13 Dec - close price
ganeshhousing.com BSE: 526367 NSE: GANESHHOUC
About

Incorporated in 1991, Ganesh Housing Corporation Ltd is in the business of real estate development in residential and commercial segment and infrastructure projects[1]

Key Points

Business Overview:[1][2]
GHCL is a Gujarat based real estate developers certified by ISO 9001-2008, ISO 14001:2004 & OHSAS 18001:2007, ISO 9001:2000 and endorsed by KPMG, USA. It deals in organized housing and construction and has sold 22+ mn Sqft of real estate space, with another 35 million Sqft under development. Additionaly, company aims to extend its presence into Special Economic Zone and township format development

Website BSE NSE
  • Market Cap ₹ 10,483 Cr.
  • Current Price ₹ 1,257
  • High / Low ₹ 1,340 / 368
  • Stock P/E 24.6
  • Book Value ₹ 160
  • Dividend Yield 0.87 %
  • ROCE 33.3 %
  • ROE 24.9 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 89.2% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 18.5%
  • Debtor days have improved from 177 to 63.7 days.
  • Company's working capital requirements have reduced from 685 days to 145 days

Cons

  • Stock is trading at 7.84 times its book value
  • Company has a low return on equity of 13.1% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Realty Industry: Construction

Part of Nifty Microcap 250 BSE Consumer Discretionary Nifty Total Market BSE Allcap BSE SmallCap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
8 0 109 29 6 18 199 26 119 181 268 140 242
7 6 79 10 8 8 69 27 33 44 120 59 34
Operating Profit 1 -5 30 19 -2 9 130 -1 85 138 148 80 209
OPM % 16% -1,687% 27% 64% -31% 52% 65% -4% 72% 76% 55% 58% 86%
0 -0 0 0 0 1 1 1 0 0 0 1 1
Interest 7 5 5 3 2 2 1 0 0 0 0 0 0
Depreciation 0 1 1 1 1 1 1 1 2 2 2 2 2
Profit before tax -6 -11 24 15 -5 7 129 -2 84 136 146 79 207
Tax % -22% -27% 30% 37% -15% 8% 38% -94% 30% 25% 24% 25% 25%
-4 -8 17 10 -4 7 80 -0 59 101 111 59 155
EPS in Rs -0.83 -1.53 2.04 1.14 -0.47 0.82 9.55 -0.01 7.04 12.17 13.29 7.07 18.58
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
154 177 184 197 177 207 95 1 4 124 251 594 832
61 70 90 87 64 80 26 25 14 97 95 224 257
Operating Profit 93 107 93 110 112 128 68 -24 -10 27 156 370 574
OPM % 60% 60% 51% 56% 64% 62% 72% -1,828% -252% 22% 62% 62% 69%
13 4 3 1 2 -1 5 2 10 1 1 2 2
Interest 52 54 53 53 52 57 53 47 44 25 8 1 1
Depreciation 2 2 3 3 3 3 2 2 2 2 3 6 8
Profit before tax 51 55 40 56 59 67 19 -71 -46 0 147 364 568
Tax % 16% 24% 21% 28% 36% 42% 40% -11% 2% 89% 37% 26%
43 42 32 40 38 39 11 -63 -47 0 92 271 426
EPS in Rs 8.79 8.49 6.47 8.21 7.79 7.94 2.27 -12.85 -9.53 0.00 11.03 32.49 51.11
Dividend Payout % 11% 20% 27% 16% 26% 23% 22% 0% 0% 0% 22% 34%
Compounded Sales Growth
10 Years: 13%
5 Years: 44%
3 Years: 434%
TTM: 130%
Compounded Profit Growth
10 Years: 21%
5 Years: 89%
3 Years: 98%
TTM: 194%
Stock Price CAGR
10 Years: 32%
5 Years: 110%
3 Years: 85%
1 Year: 208%
Return on Equity
10 Years: 5%
5 Years: 6%
3 Years: 13%
Last Year: 25%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 33 33 33 33 49 49 49 49 49 83 83 83 83
Reserves 583 616 638 679 688 718 718 652 605 788 880 1,131 1,253
305 301 283 291 357 429 378 322 282 99 4 8 32
60 79 80 90 91 76 54 55 45 125 207 185 206
Total Liabilities 981 1,028 1,033 1,092 1,186 1,272 1,199 1,078 981 1,096 1,174 1,408 1,575
60 54 212 212 210 208 208 206 191 192 192 214 214
CWIP 1 0 0 2 0 0 0 2 0 0 21 148 247
Investments 193 193 193 193 205 203 205 205 228 227 298 525 525
727 782 628 685 770 860 786 664 562 677 663 521 589
Total Assets 981 1,028 1,033 1,092 1,186 1,272 1,199 1,078 981 1,096 1,174 1,408 1,575

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
46 152 51 140 194 -42 56 49 -12 -150 169 301
-14 -66 8 -119 -130 -40 77 74 68 137 136 -391
-14 -98 -46 -10 -65 79 -136 -135 -58 9 -103 -17
Net Cash Flow 18 -12 12 11 -1 -2 -3 -13 -2 -4 201 -107

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 481 381 353 183 123 214 480 23,276 0 337 130 64
Inventory Days 73 1,122
Days Payable 251 98
Cash Conversion Cycle 481 381 353 183 123 36 480 23,276 0 337 130 1,087
Working Capital Days 187 106 785 907 992 1,186 2,318 124,221 40,135 1,544 366 145
ROCE % 12% 11% 10% 11% 11% 11% 6% -2% -0% 3% 16% 33%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
56.54% 73.06% 73.06% 73.06% 73.06% 73.06% 73.06% 73.06% 73.06% 73.06% 73.06% 73.06%
1.02% 0.67% 0.66% 0.79% 0.70% 0.72% 0.72% 0.92% 0.87% 0.89% 1.08% 0.97%
0.01% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.05% 0.07% 0.04% 0.05% 0.06%
42.44% 26.27% 26.27% 26.14% 26.24% 26.22% 26.22% 25.96% 26.00% 26.02% 25.82% 25.91%
No. of Shareholders 14,47715,34913,99414,01613,44813,29812,76015,46415,34220,74424,60729,810

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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