MarketFriction

Ganesh Housing Ltd

NSE GANESHHOU · BSE 526367 · Residential, Commercial Projects
₹699.10 -2.77%
NSE close2026-10-01
52 week range500.00 - 899.70
Market cap₹5,893 Cr.
P/E22.2
Price band 20% Delivery 90.7%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1631812772142372572511511749195280
Expenses42451286535463523261623170
Operating Profit1211371491492032112171281487572110
OPM %74%75%54%70%85%82%86%85%85%82%75%39%
Other Income12361278000270
Interest111111111114
Depreciation222222212221
Profit before tax1201361491532122152211261457396105
Tax %28%26%25%25%25%25%26%26%26%26%36%60%
Net Profit8610111311415816116593108546142
EPS in Rs10.3112.0613.5313.6519.0119.2919.7811.1612.966.447.365.03
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales321401499258267168383616891959511640
Expenses11719530418832021624836426718088236
Operating Profit20420719571-53-48134252624779423404
OPM %64%51%39%27%-20%-29%35%41%70%81%83%63%
Other Income2686210146342727
Interest1009310192807536134447
Depreciation443222237776
Profit before tax102116100-17-132-11497240620802439418
Tax %31%36%49%-256%-10%-8%27%57%26%25%28%
Net Profit70755127-120-10571102461598316265
EPS in Rs12.5614.1610.325.39-24.30-21.388.4712.2555.2571.7237.9331.79
Dividend Payout %11%14%17%9%-0%-0%-0%20%20%7%4%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth5%25%-6%-29%
Compounded Profit Growth18%38%46%-54%
Stock Price CAGR25%34%16%-15%
Return on Equity15%25%29%16%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital333349494949498383838383
Reserves6927577988406985754537068051,2461,7522,027
Borrowings593602764707663533409142240247248526
Other Liabilities189256272243336214220248290193254190
Total Liabilities1,5061,6481,8831,8391,7461,3721,1311,1791,4191,7692,3382,826
Fixed Assets216221231223225223208208261438435432
CWIP-02-0-002-0-021148360540
Investments0000-0-0-0-0-0-0-0-0
Other Assets1,2911,4251,6521,6161,5211,1469239721,1361,1831,5431,854
Total Assets1,5061,6481,8831,8391,7461,3721,1311,1791,4191,7692,3382,826
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-380168202751291231324131638410213
Cash from Investing Activity55-86-1402684534339278-489-389-543
Cash from Financing Activity338-60-57-105-216-202-173-851-244-94232
Net Cash Flow14225-3-3-263-5310-95-73-99
Free Cash Flow-5401622027812812014838348619330
CFO/OP-268%76%110%45%226%-245%-278%33%27%123%59%73%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days38724127835515011501115350131209
Inventory Days1,0133,4097108122,220
Days Payable81157462296
Cash Conversion Cycle3872412781,2873,402780790111532,174131209
Working Capital Days1,0839649178341,3909887113223423074291,042
ROCE %10%14%13%11%5%-4%-4%13%23%45%44%19%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters73.06%73.06%73.06%73.06%73.06%73.06%73.06%73.06%73.06%73.06%73.06%73.06%
FIIs0.92%0.87%0.89%1.08%0.97%0.75%0.95%0.47%0.43%0.57%0.70%0.63%
DIIs0.05%0.07%0.04%0.05%0.06%0.33%0.13%0.54%0.44%0.41%0.32%0.33%
Public25.96%26.00%26.02%25.82%25.91%25.86%25.84%25.92%26.06%25.94%25.92%25.96%
No. of Shareholders15,46415,34220,74424,60729,81033,61138,59840,14238,34336,99034,76433,191

Fundamentals

Market Cap₹ 5,893 Cr.
Current Price₹ 707
Stock P/E22.2
Book Value₹ 253
ROCE18.8 %
ROE16.0 %
Dividend Yield0.21 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-29%
Compounded Profit Growth (TTM)-54%
Consolidated figures.
Valuation
Market capRs 5,830 Cr
Enterprise valueRs 6,296 Cr
P/E (TTM)21.99x
Price to book2.76x
Price to sales9.10x
EV / EBITDA14.59x
EV / EBIT14.80x
EV / sales9.83x
Price to cash flow27.39x
Earnings yield4.55%
Dividend yield0.21%
P/E, 3-year average13.84x
P/B, 3-year average3.82x
P/E, 5-year average18.97x
P/B, 5-year average3.36x
Profitability
Operating margin (excl. other income)82.77%
Operating margin (incl. other income)88.08%
EBITDA margin67.40%
Pre-tax margin65.34%
Net profit margin41.40%
Net margin, latest quarter14.99%
ROE16.03%
ROCE18.78%
ROA12.25%
ROE, 3-year average31.79%
ROCE, 3-year average36.30%
ROA, 3-year average23.42%
ROE, 5-year average23.69%
ROCE, 5-year average29.60%
ROA, 5-year average16.85%
ROIC (approx.)11.88%
Tax rate27.99%
Other income / net worth1.29%
Growth
Sales growth (latest year)-46.76%
Profit growth (latest year)-47.12%
Sales CAGR, 3 years-6.05%
Sales CAGR, 5 years24.87%
Profit CAGR, 3 years45.75%
Sales growth QoQ194.48%
Profit growth QoQ-31.62%
Sales growth YoY (latest quarter)85.62%
Profit growth YoY (latest quarter)-54.91%
Per share
EPS (TTM)Rs 31.80
EPS (latest year)Rs 37.93
EPS (latest quarter)Rs 5.03
EPS, 3-year averageRs 54.97
EPS, 5-year averageRs 37.12
Book value per shareRs 253.08
Sales per shareRs 76.81
Cash flow per shareRs 25.52
Free cash flow per shareRs 3.60
Dividend per share (latest year)Rs 1.50
Dividend per share, 3-year averageRs 5.83
Dividend per share, 5-year averageRs 4.98
Dividends
Dividend payout3.96%
Dividend payout, 3-year average10.28%
Dividend payout, 5-year average12.61%
Efficiency
Asset turnover0.18x
Fixed asset turnover1.18x
Inventory turnover0.08x
Inventory days4361 days
Debtor days209 days
Debtors turnover1.75x
Creditor days96 days
Cash conversion cycle209 days
Working capital days1042 days
Leverage
Total debtRs 526 Cr
Cash and bankRs 59 Cr
Net debtRs 467 Cr
Debt to equity0.25x
Net debt / EBITDA1.08x
Interest coverage62.27x
Current ratio (filing 2026-03-31)5.50x
Quick ratio (filing 2026-03-31)4.02x
Trade payables (filing 2026-03-31)Rs 39 Cr
Owners' fund to total sources74.67%
Debt to assets18.60%
Cash flow
Cash from Operating Activity (latest year)Rs 213 Cr
Cash from Investing Activity (latest year)Rs -543 Cr
Cash from Financing Activity (latest year)Rs 232 Cr
Net Cash Flow (latest year)Rs -99 Cr
Free cash flow (latest year)Rs 30 Cr
FCFE (approx.: FCF + change in debt)Rs 307 Cr
Cash from ops / profit, 5 years0.86x
Sales to cash flow2.40x
Statement figures
Net sales (TTM)Rs 640 Cr
Net sales (latest year)Rs 511 Cr
Sales (latest quarter)Rs 280 Cr
Operating profit excl. other income (latest year)Rs 423 Cr
Operating profit (latest quarter)Rs 110 Cr
Other income (TTM)Rs 27 Cr
EBITDA (TTM)Rs 432 Cr
PBDT (TTM)Rs 425 Cr
Profit before tax (TTM)Rs 418 Cr
Tax (latest year)Rs 123 Cr
Net profit (TTM)Rs 265 Cr
Net profit (latest year)Rs 316 Cr
Net profit (latest quarter)Rs 42 Cr
Depreciation (TTM)Rs 6 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 7 Cr
Cost of goods sold (latest year)Rs 42 Cr
Total expenditure (latest year)Rs 88 Cr
Total income (latest year)Rs 538 Cr
Share capitalRs 83 Cr
ReservesRs 2,027 Cr
Shareholders' fundsRs 2,110 Cr
Total assetsRs 2,826 Cr
Net blockRs 432 Cr
Capital work in progressRs 540 Cr
ReceivablesRs 292 Cr
InventoryRs 497 Cr
Other liabilitiesRs 190 Cr
Shares outstanding (crore)8.34
Ownership
Promoter holding73.06% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 22.0 is at the 66th percentile of its own 7.4-year range (median 16.5, low 5.6, high 67.8).
P/B 2.76 is at the 47th percentile (median 2.84).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodGANESHHOUNifty 50Difference
1 week-5.1%-2.8% -2.3 pts
1 month-9.8%-6.8% -3.0 pts
3 months-13.7%-7.6% -6.1 pts
6 months+38.1%+0.4% +37.7 pts
1 year-18.2%-9.9% -8.3 pts
2 years-20.2%-13.6% -6.7 pts
3 years+55.6%+14.2% +41.4 pts
5 years+307.0%+27.9% +279.2 pts
1 mutual fund schemes hold about ₹0 Cr. Over three months 1 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Motilal Oswal BSE 1000 Index Fund0.01%0 +16%

Red flags

F-score 4 of 8
explainReceivables outrunning sales Receivables grew -15% vs sales -47% in 2026
explainDebt up, profit down Borrowings up 112% while net profit fell in 2026
lookInventory outrunning sales Inventory grew 11% vs sales -47% in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹280 Cr +85.4% vs Jun 2025. Net profit ₹42 Cr -54.8%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-31Dividend - Rs 1.50 Per Share
2025-08-29Dividend - Rs 5 Per Share
2024-08-30Dividend - Rs 11 Per Share
2023-09-01Dividend - Rs 2.40 Per Share
2022-07-27Annual General Meeting
2021-09-21 Annual General Meeting
2020-09-21 Annual General Meeting
2019-09-05 Annual General Meeting/Dividend - Rs 0.50 Per Share
2018-09-12 Annual General Meeting/Dividend- Rs 1.80 Per Share
2017-09-07 Annual General Meeting/Dividend - Rs 2/- Per Share
2016-09-15 Dividend - Rs 2/- Per Share
2016-07-14 Bonus 1:20.6667
2015-09-16Dividend - Rs 2.60/- Per Share
2014-09-04Annual General Meeting / Dividend - Rs 2.60/- Per Share (Book Closure & Agm Dates Revised)
2013-08-14Annual General Meeting/Dividend Rs 1.40/- Per Share
2012-09-13Annual General Meeting And Dividend Rs.1.20 Per Share
2011-09-14Dividend-Rs.2.20 Per Share
2010-09-21Annual General Meeting And Dividend Rs.1.80 Per Share
2009-09-18Agm/Div-Rs.1.80 Per Share
2008-09-18Agm/Dividend - 45%
2007-12-06Agm
2007-05-10Interim Dividend - 27% Purpose Revised
DateTypeWhat it says
2026-09-25UpdatesIntimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Change in Name of Secretarial Auditor
2026-09-12Shareholder meetingVoting results.
2026-09-11Shareholder meetingProceedings of Annual General Meeting held on September 11, 2026
2026-08-12UpdatesCommunication to Shareholders - Deduction of Tax at Source on Dividend
2026-08-11UpdatesBusiness Responsibility & Sustainability Report for the financial year 2025-2026
2026-08-11Shareholder meetingNotice of the 35th Annual General Meeting of the Company to be held on Friday, September 11, 2026
2026-07-29Concall / analyst meetTranscript of Q1 FY27 Earnings Conference Call dated July 27, 2026
2026-07-27Concall / analyst meetLink of Recording
2026-07-24Investor PresentationInvestor Presentation
2026-07-24Board meeting outcomeGANESH HOUSING LIMITED has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-21Concall / analyst meetSchedule of Q1FY 27 Earnings Conference Call to be held on Monday, July 27, 2026 at 1600 hrs IST (4:00 PM IST)
2026-07-06Scheme of ArrangementUpdate on Scheme of Arrangement
2026-06-30Change in ManagementChange in Management
2026-06-16Concall / analyst meetSchedule of meet
2026-06-15Disclosure under SEBI TakeovDipakkumar G. Patel and Shekhar G. Patel has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Boar...
2026-06-03Concall / analyst meetTranscript
2026-06-01Concall / analyst meetLink of Recording
2026-05-29Investor PresentationInvestor Presentation
2026-05-29Record DateRecord date for the purpose of Dividend is 31-Aug-2026.
2026-05-29AppointmentAppointment of M/s Purnesh R. Mehta & Co, Chartered Accountants as Internal Auditor for the financial year 2026-2027.
2026-05-29AppointmentAppointment of M/s J. B Mistri & Co, Cost Accountants as Cost Auditor for the financial year 2026-2027.
2026-05-29DividendBoard of Directors at its meeting held on May 29, 2026, recommended Final Dividend of Rs. 1.5 per equity share.
2026-05-29Board meeting outcomeGANESH HOUSING LIMITED has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-26Concall / analyst meetSchedule of meet
2026-02-12Concall / analyst meetTranscript of Q3 FY26 Earnings Conference Call dated February 09, 2026
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03