Ganesh Housing Limited
NSE: GANESHHOU · Residential, Commercial Projects · sector
Key numbers
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 141 companies in Residential, Commercial Projects (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹59 cr vs borrowings ₹305 cr (FY26): borrowings are higher by ₹246 cr.
- Borrowings rose in each of the last 3 years (₹4 cr → ₹305 cr).
- Operating profit covered interest 62.3x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 4 of the last 5 years (FY26, FY25, FY23, FY22).
- Revenue was higher than a year earlier in 1 of the last 4 quarters.
- Other income was 10% of net profit in the last 12 months.
- Debtor days went from 50 (FY24) to 208 (FY26).
- Dividend paid in 3 of the last 5 financial years.
- Price ₹662.60 on 2026-10-26: -26.4% from the 52-week high, +32.5% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 237 | 257 | 251 | 151 | 174 | 91 | 95 | 280 |
| EBITDA | 203 | 211 | 217 | 128 | 148 | 75 | 72 | 110 |
| OPM % | 85.4% | 82.1% | 86.2% | 84.8% | 84.9% | 82.2% | 75.3% | 39.2% |
| Other income | 12 | 7 | 8 | 0 | 0 | 0 | 27 | 0 |
| Net profit | 158 | 161 | 165 | 93 | 108 | 54 | 61 | 42 |
| EPS (₹) | 19.01 | 19.29 | 19.78 | 11.16 | 12.96 | 6.44 | 7.36 | 5.03 |
| Revenue YoY | -26.6% | -64.5% | -62.2% | +85.6% | ||||
| Profit YoY | -31.8% | -66.6% | -62.8% | -54.9% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 384 | 616 | 892 | 960 | 511 | 640 |
| EBITDA | 134 | 252 | 623 | 779 | 423 | 404 |
| Net profit | 71 | 100 | 461 | 598 | 316 | 265 |
| EPS (₹) | 12.47 | 12.25 | 55.25 | 71.72 | 37.93 | 31.79 |
| Revenue growth | +60.7% | +44.7% | +7.6% | -46.7% | -28.6% | |
| Profit growth | +41.7% | +360.3% | +29.8% | -47.1% | -54.1% | |
| Dividend / share (₹) | – | – | 2.40 | 11.00 | 5.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -6.0% | +24.4% | -28.5% |
| Net profit | +46.7% | – | -54.1% |
| EPS | +45.8% | – | – |
| Share price | – | – (2y) | -22.3% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,110 | 1,550 | 2,057 | 2,331 |
| Borrowings | – | 4 | 26 | 27 | 305 |
| Cash & equivalents | – | 325 | 231 | 157 | 59 |
| Total assets | – | 1,419 | 1,769 | 2,338 | 2,826 |
| Fixed assets | – | 196 | 214 | 212 | 209 |
| Capital work in progress | – | 21 | 148 | 360 | 540 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 90 | 121 | 344 | 292 |
| Inventory | – | 515 | 442 | 447 | 497 |
| Payables | – | 14 | 19 | 42 | 39 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 41 | 31 | 638 | 410 | 213 |
| Cash from investing | 39 | 278 | -489 | -389 | -543 |
| Cash from financing | -85 | 1 | -244 | -94 | 232 |
| Capex | 5 | 28 | 155 | 5 | 4 |
| Free cash flow | 36 | 3 | 483 | 405 | 209 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 9.0% | 29.7% | 29.1% | 13.6% |
| ROCE % | – | 22.8% | 39.6% | 38.7% | 16.8% |
| Debtor days | – | 53 | 50 | 131 | 208 |
| Inventory days | – | 573 | 704 | 1,164 | 4,614 |
| Payable days | – | 16 | 30 | 109 | 359 |
| Cash conversion cycle (days) | – | 610 | 724 | 1,186 | 4,463 |
| Working capital days | – | 526 | 401 | 489 | 1,082 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 73.06% |
| FIIs | 0.55% |
| DIIs | 0.33% |
| of which Mutual funds | 0.00% |
| Public (non-institutions) | 26.06% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 73.06% | 73.06% | 73.06% | 73.06% | 73.06% | 73.06% | 73.06% | 73.06% |
| Promoter group | % |
|---|---|
| Shekhar Govindbhai Patel | 34.97% |
| Dipakkumar Govindbhai Patel | 33.11% |
| Anmol Dipakkumar Patel | 1.71% |
| Amanvir Shekhar Patel | 1.48% |
| Sapnaben Dipakkumar Patel | 0.56% |
| Shri Ganesh Construction PVT Ltd | 0.55% |
| Aneri Dipakkumar Patel | 0.24% |
| Archana Shekharbhai Patel | 0.24% |
| Kailashben Jayantilal Patel | 0.15% |
| Hemang Jayantibhai Patel | 0.06% |
| Public holders above 1% | % |
|---|---|
| Nrupal Dhanpal Shah on behlaf of KDS Family Discretionary Trust | 3.76% |
| Kunal Dhanpalbhai Shah on behlaf of KDS Family Discretionary Trust | 3.76% |
| Bimalbhai K Patel | 1.38% |
| Oppbasket Private Limited | 1.29% |
30,884 shareholders. Pledged: 0.00% of promoter shares.
Peers in Residential, Commercial Projects
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| DLF | ₹1,63,939 cr | 35.9x | 3.6x | 10.3% | 6.3% | 14.8% | +12.9% | 0.90% |
| LODHA | ₹97,912 cr | 23.7x | 4.2x | 19.0% | 17.9% | 32.2% | +20.8% | 0.43% |
| PHOENIXLTD | ₹67,737 cr | 52.9x | 6.2x | 11.9% | 15.4% | 59.1% | +18.8% | 0.13% |
| PRESTIGE | ₹60,152 cr | 52.8x | 3.7x | 7.2% | 10.5% | 28.1% | +15.1% | 0.12% |
| OBEROIRLTY | ₹57,522 cr | 21.9x | 3.0x | 14.7% | 16.9% | 57.1% | +12.8% | 0.51% |
| GODREJPROP | ₹45,942 cr | 28.7x | 2.4x | 8.8% | 6.9% | -7.7% | +31.6% | – |
| BRIGADE | ₹17,781 cr | 25.6x | 2.6x | 11.2% | 10.9% | 27.0% | +18.3% | 0.35% |
| ANANTRAJ | ₹16,514 cr | 27.8x | 2.9x | 11.6% | 11.1% | 27.0% | +37.9% | 0.15% |
| SOBHA | ₹12,247 cr | 64.1x | 2.6x | 4.1% | 6.5% | 6.5% | +16.2% | 0.26% |
| GANESHHOU | ₹5,525 cr | 20.9x | 2.4x | 12.1% | 16.1% | 63.1% | -6.0% | 0.75% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-31 | Dividend | Dividend - Rs 1.50 Per Share |
| 2025-08-29 | Dividend | Dividend - Rs 5 Per Share |
| 2024-08-30 | Dividend | Dividend - Rs 11 Per Share |
| 2023-09-01 | Dividend | Dividend - Rs 2.40 Per Share |
| 2022-07-27 | Other | Annual General Meeting |
| 2021-09-21 | Other | Annual General Meeting |
| 2020-09-21 | Other | Annual General Meeting |
| 2019-09-05 | Dividend | Annual General Meeting/Dividend - Rs 0.50 Per Share |
| 2018-09-12 | Dividend | Annual General Meeting/Dividend- Rs 1.80 Per Share |
| 2017-09-07 | Dividend | Annual General Meeting/Dividend - Rs 2/- Per Share |
| 2016-09-15 | Dividend | Dividend - Rs 2/- Per Share |
| 2016-07-14 | Bonus | Bonus 1:2 |
| 2015-09-16 | Dividend | Dividend - Rs 2.60/- Per Share |
| 2014-09-04 | Dividend | Annual General Meeting / Dividend - Rs 2.60/- Per Share (Book Closure & Agm Dates Revised) |
| 2013-08-14 | Dividend | Annual General Meeting/Dividend Rs 1.40/- Per Share |
| 2012-09-13 | Dividend | Annual General Meeting And Dividend Rs.1.20 Per Share |
| 2011-09-14 | Dividend | Dividend-Rs.2.20 Per Share |
| 2010-09-21 | Dividend | Annual General Meeting And Dividend Rs.1.80 Per Share |
| 2009-09-18 | Other | Agm/Div-Rs.1.80 Per Share |
| Dividend | Rights/1:2/Dividend - 10% |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Real Estate: Engaged in Construction of Residential, Commercial and Infrastructure Development.
| Sector | Consumer Discretionary |
| Industry | Residential, Commercial Projects |
| Sub-industry | Residential, Commercial Projects |
| Symbol | GANESHHOU |
| BSE code | 526367 |
| ISIN | INE460C01014 |
| Face value | ₹10.0 |
| Incorporated | 1991-06-13 |
| Website | www.ganeshhousing.com |
| Plants (India / abroad) | 0 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.