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Ganesh Housing

GANESHHOU NSE
₹635.40 No trade today
P/E
19.99
View as Markdown
MCP
Close 4 Nov 2026 ₹635.40 −190.25 −23.0% 1Y
Start ₹825.65

Key Fundamentals

MicrocapRealtyConsumer Discretionary

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
18.80%
Debt to Equity
0.25
EPS (TTM)
₹31.79
Book Value
₹291.11
Market Cap
—
P/E (TTM)
19.99
P/B
2.18
ROE
16.00%
Dividend Yield
0.23%
EBITDA
₹450 Cr
52W High
₹899.70
52W Low
₹500.00
Volume
0

Peer Comparison

Consumer Discretionary › Realty › Residential Commercial Projects › Residential, Commercial Projects

Ganesh Housing peer comparison
DLF
₹720.0039.02₹1,76,861 Cr3.911.13%9.50%6.32%₹6,375 Cr₹4,567 Cr
Lodha Developers
₹1,122.0027.17₹1,09,477 Cr4.510.40%15.50%16.40%₹18,181 Cr₹4,129 Cr
Phoenix Mills
₹2,079.5058.10₹73,757 Cr8.170.12%11.00%12.40%₹4,545 Cr₹1,629 Cr
Prestige Estates Projects
₹1,580.0059.74₹67,457 Cr4.180.13%7.53%10.40%₹13,053 Cr₹1,265 Cr
Oberoi Realty
₹1,710.9023.64₹61,958 Cr3.260.24%14.60%17.30%₹6,214 Cr₹2,632 Cr
Godrej Properties
₹1,739.0032.73₹51,392 Cr2.710.60%8.82%7.63%₹5,203 Cr₹1,591 Cr
Brigade Enterprises
₹541.1025.40₹17,553 Cr2.470.38%10.50%10.50%₹5,532 Cr₹784 Cr
Ganesh Housing (this company)
₹635.4019.99₹5,431 Cr2.180.23%16.00%18.80%₹640 Cr₹265 Cr
Median 8 companies₹1,351.0029.95₹64,707 Cr3.590.31%10.75%11.45%₹5,873 Cr₹1,610 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

54 Average

Data confidence 100/100

Category scores

Quality
69
Strong
Returns, margins, earnings quality 22% weight
Valuation
65
Good
Cheap vs sector & own history 24% weight
Growth
1
Poor
Sales & profit trajectory 9% weight
Financial Health
81
Strong
Solvency, leverage, coverage 9% weight
Momentum
21
Poor
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

3
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 38.0% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.5%

Weaknesses

3
  • Company might be capitalizing the interest cost
  • Company has high debtors of 209 days.
  • Working capital days have increased from 593 days to 1,042 days

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1225
OscillatorsStrong Bullish225
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
27.57
Bullish
MACD (12,26,9)
−20.09
Bearish
SMA (50)
722.87
Bearish
SMA (200)
718.04
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+4.76%
5Y+24.92%
3Y−6.04%
1Y−46.72%
TTM−28.57%

Net profit

Net profit growth by window
10Y+16.27%
5YTurned to profit
3Y+45.78%
1Y−47.16%
TTM−54.07%

Operating cash flow

Operating cash flow growth by window
10Y+2.40%
5Y+10.04%
3Y+90.11%
1Y−48.05%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+19.23 pp
5Y+111.35 pp
3Y+41.87 pp
1Y+1.55 pp
TTM−21.43 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹401 Cr
Mar 2018₹499 Cr
Mar 2019₹258 Cr
Mar 2020₹267 Cr
Mar 2021₹168 Cr
Mar 2022₹383 Cr
Mar 2023₹616 Cr
Mar 2024₹891 Cr
Mar 2025₹959 Cr
Mar 2026₹511 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹75.00 Cr
Mar 2018₹51.00 Cr
Mar 2019₹27.00 Cr
Mar 2020−₹120 Cr
Mar 2021−₹105 Cr
Mar 2022₹71.00 Cr
Mar 2023₹102 Cr
Mar 2024₹461 Cr
Mar 2025₹598 Cr
Mar 2026₹316 Cr

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
AI opinion · based on fundamentals
Risk high

Ganesh Housing Ltd is a mid-cap real estate company with a market cap of ₹6,696 Cr trading at a PE of 21.4x. While the company delivered strong 5-year profit CAGR of 38% and maintained a 3-year ROE of 29%, the TTM period shows a sharp 47% decline in both sales and profit, alongside significantly deteriorating working capital efficiency with debtor days at 208 and working capital days expanding to 1,040.

Bull Case 8
  • Strong 5-year compounded profit growth of 38% CAGR demonstrates sustained earnings expansion over a longer cycle
  • Robust 3-year ROE of 28.8% indicates efficient capital allocation and strong profitability relative to equity deployed
  • 5-year ROE averages 25%, well above cost of equity for most real estate companies
  • 5-year stock price CAGR of 52% reflects significant long-term wealth creation for shareholders
  • 10-year stock price CAGR of 25% shows consistent compounding over a full market cycle
  • Price-to-book ratio of 2.9x is reasonable for a company generating 29% ROE, suggesting valuation is not excessively stretched relative to returns
  • 5-year compounded sales growth of 25% indicates the company has been able to scale its revenue base meaningfully
  • 3-year compounded profit growth of 46% outpaces 3-year sales growth of -6%, suggesting margin expansion and operating leverage in recent years
Bear Case 8
  • TTM sales declined 47% year-over-year, signaling a severe revenue contraction in the most recent period
  • TTM profit declined 47%, mirroring the sales drop and indicating no cost cushion to protect earnings during a downturn
  • Working capital days surged from 592 to 1,040 days, indicating severe cash conversion deterioration and capital being locked in operations
  • Debtor days at 208 days is extremely high, suggesting delayed collections from buyers and potential credit risk on receivables
  • 1-year stock price return of -17% reflects market concern over the recent operational deterioration
  • 3-year compounded sales growth is negative at -6%, suggesting the top-line growth engine has stalled over a medium-term horizon
  • Last year ROE dropped to 15% from a 3-year average of 29%, a halving that signals declining return quality
  • Dividend yield of just 0.19% provides negligible income cushion for investors during periods of capital depreciation

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

121d ago

TL;DR: Recent news flow for Ganesh Housing is entirely routine and governance-related, with no material headwinds or bullish catalysts. Leadership transition in the treasury function appears orderly, and promoter shares remain unencumbered, signaling no financing stress. The absence of negative developments is mildly reassuring, but the lack of growth-oriented announcements means investors should watch for upcoming project launches or financial updates for directional cues.

Neutral 3
  • New President Treasury appointed Jun 30

    Rishit Patel promoted to President (Treasury) effective July 01, 2026, replacing Rajendra M. Patel who retires on June 30, 2026.

  • Investor meet hosted in Mumbai Jun 16

    Ganesh Housing held an investor meeting in Mumbai on June 23, 2026 from 12:00 PM to 5:00 PM IST with no unpublished price sensitive information shared.

  • Promoters report no encumbrance FY26 Jun 15

    Ganesh Housing promoters and PACs reported zero new encumbrances created during FY26 under SEBI disclosure regulations.

Quarterly Results

₹ Cr
GANESHHOU quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
270
163
181
277
214
237
257
251
151
174
91
95
280
121
Expenses
54
42
45
128
65
35
46
35
23
26
16
23
170
23
Operating Profit
216
121
137
149
149
203
211
217
128
148
75
72
110
98
OPM %
80%
74%
75%
54%
70%
85%
82%
86%
85%
85%
82%
75%
39%
81%
Other Income
1
1
2
3
6
12
7
8
0
0
0
27
0
0
Interest
1
1
1
1
1
1
1
1
1
1
1
1
4
7
Depreciation
1
2
2
2
2
2
2
2
1
2
2
2
1
2
PBT
215
120
136
149
153
212
215
221
126
145
73
96
105
89
Tax %
25%
28%
26%
25%
25%
25%
25%
26%
26%
26%
26%
36%
60%
25%
Net Profit
161
86
101
113
114
158
161
165
93
108
54
61
42
67
EPS (₹)
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
—

Sep 2026: from the results filed on 30 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
GANESHHOU profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
250
321
401
499
258
267
168
383
616
891
959
511
640
Expenses
119
117
195
304
188
320
216
248
364
267
180
88
236
Operating Profit
132
204
207
195
71
−53
−48
134
252
624
779
423
404
OPM %
53%
64%
51%
39%
27%
−20%
−29%
35%
41%
70%
81%
83%
63%
Other Income
7
2
6
8
6
2
10
1
4
6
34
27
27
Interest
64
100
93
101
92
80
75
36
13
4
4
4
7
Depreciation
4
4
4
3
2
2
2
2
3
7
7
7
6
PBT
72
102
116
100
−17
−132
−114
97
240
620
802
439
418
Tax %
27%
31%
36%
49%
−256%
−10%
−8%
27%
57%
26%
25%
28%
—
Net Profit
53
70
75
51
27
−120
−105
71
102
461
598
316
265
EPS (₹)
11.27
12.56
14.16
10.32
5.39
−24.3
−21.38
8.47
12.25
55.25
71.72
37.93
31.79
Div. Payout %
15%
11%
14%
17%
9%
0%
0%
0%
20%
20%
7%
4%
—

Balance Sheet

₹ Cr
GANESHHOU balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
33
33
49
49
49
49
49
83
83
83
83
83
Reserves
692
757
798
840
698
575
453
706
805
1,246
1,752
2,027
Borrowings
593
602
764
707
663
533
409
142
240
247
248
526
Other Liabilities
189
256
272
243
336
214
220
248
290
193
254
190
Total Liabilities
1,506
1,648
1,883
1,839
1,746
1,372
1,131
1,179
1,419
1,769
2,338
2,826
Fixed Assets
216
221
231
223
225
223
208
208
261
438
435
432
CWIP
0
2
0
0
0
2
0
0
21
148
360
540
Investments
0
0
0
0
0
0
0
0
0
0
0
0
Other Assets
1,291
1,425
1,652
1,616
1,521
1,146
923
972
1,136
1,183
1,543
1,854
Total Assets
1,506
1,648
1,883
1,839
1,746
1,372
1,131
1,179
1,419
1,769
2,338
2,826

Cash Flow

₹ Cr
GANESHHOU cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−380
168
202
75
129
123
132
41
31
638
410
213
Investing
55
−86
−140
26
84
53
43
39
278
−489
−389
−543
Financing
338
−60
−57
−105
−216
−202
−173
−85
1
−244
−94
232
Net Cash Flow
14
22
5
−3
−3
−26
3
−5
310
−95
−73
−99
Free Cash Flow
−540
162
202
78
128
120
148
38
3
486
193
30
CFO/OP
−268
76
110
45
226
−245
−278
33
27
123
59
73

Ratios

GANESHHOU financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
387
241
278
355
150
115
0
111
53
50
131
209
Inventory Days
—
—
—
1,013
3,409
710
812
—
—
2,220
—
—
Days Payable
—
—
—
81
157
46
22
—
—
96
—
—
Cash Conversion Cycle
387
241
278
1,287
3,402
780
790
111
53
2,174
131
209
Working Capital Days
1,083
964
917
834
1,390
988
711
322
342
307
429
1,042
ROCE %
10%
14%
13%
11%
5%
−4%
−4%
13%
23%
45%
44%
19%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Ganesh Housing insights

64 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 73.06%
  • Others 13.75%
  • Public 12.31%
  • FIIs 0.55%
  • DIIs 0.33%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Ganesh Housing

What does Ganesh Housing Ltd do?
Incorporated in 1991, Ganesh Housing Corporation Ltd is in the business of real estate development in residential and commercial segment and infrastructure projects
Where is Ganesh Housing Ltd (GANESHHOU) listed?
Ganesh Housing Ltd trades as GANESHHOU on the NSE and under code 526367 on the BSE.
Which sector does Ganesh Housing Ltd belong to?
Ganesh Housing Ltd is classified under the Realty sector, in the Residential Commercial Projects industry.
What is the PE ratio of Ganesh Housing Ltd?
Ganesh Housing Ltd trades at a PE ratio of 19.99 as of 4 Nov 2026, on earnings per share of ₹31.79, against a book value of ₹291.11 per share.
What is the 52-week high and low of Ganesh Housing Ltd?
Over the last 52 weeks Ganesh Housing Ltd has traded between ₹500 and ₹899.7 as of 4 Nov 2026.
Does Ganesh Housing Ltd pay dividends?
Ganesh Housing Ltd has a dividend yield of 0.23%.
What is the Return on Equity (ROE) of Ganesh Housing Ltd?
Ganesh Housing Ltd reported a return on equity of 16.00%. Its debt-to-equity ratio is 0.25.

Company Information

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

Website ganeshhousing.com
CEO Mr. Dipakkumar Govindbhai Patel
Employees 113
Listed 2 Mar 2007
Face Value ₹10

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