On 6 Nov 2026, GANESH HOUSING was priced at ₹646.65, or 24.1× trailing earnings, against an industry P/E of 22.1×, and the shares are 28% below their 52-week high. Its ROCE of 18% is the second-highest among the 7 largest Real Estate (Development) peers, and sales fell 5.8% a year over 3 years while net profit grew 47%. Its dividend yield is 0.2%, and debt is 0.30× equity. It is a small-cap company with a market cap of ₹5,392 Cr, ranked 13th of 112 Real Estate (Development) companies by market cap; the shares fell 22% over the past year.
- ₹651.20
- ₹651.30
- ₹638.75
- ₹654.65
- 19.6K
Health check
- ReturnsBehind
−21.7% over a year, better than 2 of 7 peers.
- Price tagIn line
P/E 24.1 vs industry 22.1.
- GrowthSlow
Sales −5.8%, profit +46.7% a year over 3 years.
- ProfitabilityAverage
ROCE 17.7% vs peer median 10.4%.
- Balance sheetFair
Debt 0.30× equity, interest covered 808.6×, Piotroski 4 of 9.
- Red flags2 to check
Quarterly profit down 38.1% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹5,392 Cr
- Small cap
- P/E
- 24.1
- Industry 22.1
- Price to book
- 2.22
- Peers 2.88
- Dividend yield
- 0.23%
- ROE
- 9.6%
- Peers 11.1%
- ROCE
- 17.7%
- Peers 10.4%
- Debt to equity
- 0.30
- Debt ₹732 Cr
- EPS (TTM)
- ₹26.85
- Face value ₹10
- OPM (TTM)
- 67.8%
- Net margin 38.1%
- Sales growth
- −30.4%
- Latest quarter vs a year ago
- Profit growth
- −38.1%
- Latest quarter vs a year ago
- Price to sales
- 9.18
- EV/EBITDA 17.3
Strengths and risks
Strengths
- Net margin of 38.1%.
Risks to check
- Quarterly profit down 38.1% on a year ago.
- Quarterly sales down 30.4% on a year ago.
About GANESH HOUSING
Ganesh Housing Limited operates as a real estate company in India. It is involved in the development of infrastructure, landmark residential, commercial, and mixed-use spaces. The company was founded in 1960 and is based in Ahmedabad, India.
- Headquarters
- Ahmedabad
- Employees
- 123
- Sector
- Real Estate
- ISIN
- INE460C01014
- Website
- ganeshhousing.com
Price range
- Avg volume (3M)
- 36K
- 1-year return
- minus 21.7%
- From 52-week high
- minus 28.1%
Peers · Real Estate - Development
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| DLFDLF | 752.90 | plus 1.03% | 1,86,366 | 40.8 | 127.6 | 6.3% | 15.3% | 0.01 | 11.3% | minus 3.8% |
| LODHALodha Developers | 1,179.00 | plus 0.27% | 1,17,812 | 27.1 | 25.2 | 18.2% | 33.1% | 0.41 | 20.4% | minus 3.9% |
| OBEROIRLTYOberoi Realty | 1,739.00 | minus 0.13% | 63,230 | 24.0 | 18.8 | 16.7% | 57.5% | 0.14 | 12.9% | minus 2.2% |
| GODREJPROPGodrej Properties | 1,809.30 | minus 0.31% | 54,501 | 40.4 | – | 11.1% | −6.5% | 1.02 | 32.4% | minus 20.9% |
| BRIGADEBrigade Enterprises | 558.15 | minus 0.89% | 18,205 | 25.1 | 15.6 | 9.8% | 29.2% | 0.83 | 18.5% | minus 26.2% |
| ANANTRAJAnant Raj | 445.45 | minus 4.41% | 16,031 | 26.5 | 24.1 | 10.4% | 27.8% | 0.13 | 37.9% | minus 27.8% |
| SOBHASobha | 1,275.40 | minus 1.28% | 13,642 | 71.4 | 46.7 | 7.4% | 6.5% | 0.33 | 16.3% | minus 20.2% |
| GANESHHOUGANESH HOUSING | 646.65 | minus 1.22% | 5,392 | 24.1 | 13.3 | 17.7% | 67.8% | 0.30 | −5.8% | minus 21.7% |
| Median of 7 peers | – | −0.31% | 54,501 | 27.1 | 24.7 | 10.4% | 27.8% | 0.33 | 18.5% | −20.2% |
Quarterly results
| ₹ Cr | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 151 | 91.3 | 95.1 | 280 | 121 | |
| 22.9 | 16.2 | −20.3 | 170 | 23.4 | |
| 128 | 75.1 | 115 | 110 | 97.9 | |
| 84.8% | 82.3% | 121.3% | 39.2% | 80.7% | |
| 0.2 | 0.2 | −17.1 | 0.2 | 0 | |
| 1 | 1 | 1 | 3.9 | 7 | |
| 1.5 | 1.7 | 1.6 | 1.3 | 1.5 | |
| 126 | 72.6 | 95.7 | 105 | 89.4 | |
| 25.9% | 26.0% | 35.9% | 60.0% | 25.2% | |
| 93.1 | 53.7 | 61.4 | 42 | 66.9 | |
| 11.16 | 6.44 | 7.36 | 5.03 | 8.02 |
Profit & loss
- Sales CAGR 3Y
- −5.8%
- Profit CAGR 3Y
- +46.7%
- EPS CAGR 3Y
- +46.7%
- ROE
- 9.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 606 | 888 | 958 | 506 | |
| – | +46.7% | +7.9% | minus 47.1% | |
| 349 | 262 | 179 | 85.6 | |
| 257 | 627 | 779 | 421 | |
| 42.4% | 70.5% | 81.3% | 83.1% | |
| −0.9 | 4.1 | 30.7 | 23.7 | |
| 8.2 | 0.9 | 0.8 | 0.5 | |
| 2.7 | 6.6 | 7.4 | 6.5 | |
| −4.9 | −3.5 | 0.1 | 1.7 | |
| 240 | 620 | 802 | 439 | |
| 57.4% | 25.7% | 25.4% | 28.0% | |
| 100 | 461 | 598 | 316 | |
| – | +360.4% | +29.8% | minus 47.1% | |
| 12.00 | 55.25 | 71.72 | 37.93 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 304 | 304 | 304 | 304 | |
| 585 | 1,025 | 1,532 | 1,806 | |
| 3.6 | 8.1 | 6.5 | 281 | |
| 526 | 432 | 496 | 435 | |
| 1,419 | 1,769 | 2,338 | 2,826 | |
| 230 | 369 | 571 | 748 | |
| 33.9 | 155 | 360 | 540 | |
| 0.5 | 0.5 | 0.5 | – | |
| 324 | 230 | 157 | 58.1 | |
| 831 | 1,014 | 1,250 | 1,480 | |
| 1,419 | 1,769 | 2,338 | 2,826 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −217 | 638 | 410 | 213 | |
| 278 | −489 | −389 | −543 | |
| 1.4 | −244 | −94.2 | 232 | |
| 62.2 | −94.6 | −73.2 | −98.7 | |
| −28 | −155 | −217 | −183 | |
| −245 | 483 | 193 | 29.5 | |
| – | −20 | −91.7 | −41.7 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 0.4% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.