GANESHHOU

GANESH HOUSING LIMITED

Integrated real estate developer with residential townships and commercial assets

Consumer Discretionary›Realty›Realty›Residential, Commercial Projects

ganeshhousing.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹689.80
Market cap
5,754 Cr
Stock P/E
21.7
P/B
2.47
Dividend yield
0.7%
ROE (FY26)
13.6%
ROCE (FY26)
16.8%
Operating margin (FY26)
81.4%
Debt / equity (FY26)
0.13
OCF / EBITDA (FY26)
50.4%
OCF / EBITDA (3Y)
69.1%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Ganesh Housing is an Ahmedabad real estate developer that builds and sells residential projects, sells parcels from its land bank, and is building rental income from commercial space at its Million Minds campus.

Company snapshot

17thBy market cap

Ranked among 79 companies in Residential, Commercial Projects.

What we see

Positives
  • ✓Net margin of 61.8% — the business keeps a healthy share of every rupee it earns.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales163 Cr181 Cr277 Cr214 Cr237 Cr257 Cr251 Cr151 Cr174 Cr91 Cr95 Cr280 Cr
Operating expenses (approx.)42 Cr45 Cr128 Cr65 Cr35 Cr46 Cr35 Cr23 Cr26 Cr16 Cr23 Cr170 Cr
EBITDA121 Cr137 Cr149 Cr149 Cr203 Cr211 Cr217 Cr128 Cr148 Cr75 Cr72 Cr110 Cr
OPM %74.3%75.3%53.9%69.6%85.4%82.1%86.2%84.8%84.9%82.3%75.3%39.2%
Other income0.70 Cr2 Cr3 Cr6 Cr12 Cr7 Cr8 Cr0.15 Cr0.07 Cr0.22 Cr27 Cr0.25 Cr
Interest0.86 Cr1 Cr0.89 Cr1 Cr0.94 Cr0.91 Cr0.94 Cr1 Cr0.98 Cr1 Cr0.98 Cr4 Cr
Depreciation2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr1 Cr2 Cr2 Cr2 Cr1 Cr
Profit before tax120 Cr136 Cr149 Cr153 Cr212 Cr215 Cr221 Cr126 Cr145 Cr73 Cr96 Cr105 Cr
Tax %28.1%25.8%24.5%25.5%25.3%25.3%25.6%25.9%25.6%26.0%35.9%60.0%
Net profit86 Cr101 Cr113 Cr114 Cr158 Cr161 Cr165 Cr93 Cr108 Cr54 Cr61 Cr42 Cr
EPS (₹)₹10.31₹12.06₹13.53₹13.65₹19.01₹19.29₹19.78₹11.16₹12.96₹6.44₹7.36₹5.03

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales402 Cr476 Cr261 Cr275 Cr172 Cr384 Cr616 Cr892 Cr960 Cr511 CrSign in free for the trailing twelve months
Operating expenses (approx.)196 Cr305 Cr190 Cr328 Cr220 Cr249 Cr365 Cr269 Cr180 Cr89 CrSign in free for the trailing twelve months
EBITDA206 Cr171 Cr71 Cr-53 Cr-48 Cr134 Cr252 Cr623 Cr779 Cr423 CrSign in free for the trailing twelve months
OPM %51.2%35.9%27.1%-19.2%-28.1%35.0%40.9%69.9%81.2%82.6%Sign in free for the trailing twelve months
Other income7 Cr32 Cr6 Cr2 Cr10 Cr1 Cr4 Cr7 Cr34 Cr27 CrSign in free for the trailing twelve months
Interest93 Cr101 Cr92 Cr80 Cr75 Cr36 Cr13 Cr4 Cr4 Cr4 CrSign in free for the trailing twelve months
Depreciation4 Cr3 Cr2 Cr2 Cr2 Cr2 Cr3 Cr7 Cr7 Cr7 CrSign in free for the trailing twelve months
Profit before tax116 Cr100 Cr-17 Cr-132 Cr-114 Cr97 Cr240 Cr620 Cr802 Cr439 CrSign in free for the trailing twelve months
Tax %35.9%49.2%256.0%9.6%7.8%27.4%57.4%25.7%25.4%28.0%Sign in free for the trailing twelve months
Net profit75 Cr51 Cr27 Cr-120 Cr-105 Cr71 Cr102 Cr461 Cr598 Cr316 CrSign in free for the trailing twelve months
EPS (₹)₹15.93₹10.36₹5.40₹-24.30₹-21.38₹12.47₹12.25₹55.25₹71.72₹37.93Sign in free for the trailing twelve months
Dividend payout %—————0.0%0.0%4.3%15.3%13.2%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital49 Cr49 Cr49 Cr49 Cr49 Cr83 Cr83 Cr83 Cr83 Cr83 Cr
Reserves798 Cr840 Cr698 Cr575 Cr453 Cr706 Cr1,026 Cr1,467 Cr1,973 Cr2,248 Cr
Borrowings553 Cr565 Cr503 Cr384 Cr309 Cr142 Cr4 Cr26 Cr27 Cr305 Cr
Other liabilities378 Cr292 Cr403 Cr271 Cr234 Cr161 Cr237 Cr193 Cr254 Cr190 Cr
Total liabilities1,884 Cr1,839 Cr1,746 Cr1,372 Cr1,131 Cr1,179 Cr1,419 Cr1,769 Cr2,338 Cr2,826 Cr
Fixed assets (net)213 Cr208 Cr208 Cr206 Cr191 Cr192 Cr196 Cr214 Cr212 Cr209 Cr
CWIP——0.10 Cr2 Cr0 Cr0 Cr21 Cr148 Cr360 Cr540 Cr
Investments0.01 Cr0.01 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Loans & advances——433 Cr381 Cr363 Cr9 Cr5 Cr357 Cr570 Cr957 Cr
Inventories720 Cr510 Cr815 Cr538 Cr370 Cr429 Cr515 Cr442 Cr447 Cr497 Cr
Trade receivables306 Cr485 Cr106 Cr84 Cr59 Cr116 Cr90 Cr121 Cr344 Cr292 Cr
Cash & bank7 Cr14 Cr10 Cr5 Cr5 Cr7 Cr140 Cr74 Cr121 Cr7 Cr
Other assets638 Cr621 Cr174 Cr156 Cr143 Cr427 Cr450 Cr413 Cr285 Cr324 Cr
Total assets1,884 Cr1,839 Cr1,746 Cr1,372 Cr1,131 Cr1,179 Cr1,419 Cr1,769 Cr2,338 Cr2,826 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity————132 Cr41 Cr31 Cr638 Cr410 Cr213 Cr
Cash from investing————43 Cr39 Cr278 Cr-489 Cr-389 Cr-543 Cr
Cash from financing————-173 Cr-85 Cr1 Cr-244 Cr-94 Cr232 Cr
Net cash flow————3 Cr-5 Cr310 Cr-95 Cr-73 Cr-99 Cr
Free cash flow (OCF − Capex)————130 Cr36 Cr3 Cr483 Cr405 Cr209 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %13.9%13.0%5.6%-4.8%-4.4%13.1%21.5%39.6%38.7%16.8%
ROE %7.3%5.2%3.2%-16.7%-17.9%8.1%8.5%29.7%29.1%13.6%
Debtor days2773711481121241105350130208
Inventory days156022414240120924981559453103011332100
Days payable85180195778233171345106164
Cash conversion cycle175224324193114264873652493103511572144
OCF / EBITDA %—————30.6%12.2%102.3%52.6%50.4%
OCF / EBITDA % (3 years)——————60.4%70.3%65.2%69.1%
Debt / equity0.650.640.670.610.610.180.00320.020.010.13
Current ratio3.164.323.453.402.662.584.826.086.025.50
Net debt / EBITDA2.65—6.96——1.01-0.54-0.08-0.120.70