Ganesh Housing Corporation Limited (GANESHHOU) AI Stock Analysis

• Market Cap: ₹50.66B
• Dividend Yield: 0.63%
• Average Volume (3M): 3.48K
• Price to Earnings (P/E): 31.1
• Beta (1Y): 1.62
• Revenue Growth: -8.37%
• EPS Growth: 8.49%
• Country: IN
• Employees: 113
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): 6.45
• Shares Outstanding: 83,387,090
• 10 Day Avg. Volume: 3,333
• 30 Day Avg. Volume: 3,485
• PEG Ratio: 0.41
• Price to Book (P/B): 3.57
• Price to Sales (P/S): 7.66
• P/FCF Ratio: 37.98
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: ₹662.00 ▼(-18.42% Downside)
• Action: Downgraded Date: 10/25/25
• Date: Action: Downgraded 10/25/25

Ganesh Housing Corporation Limited's strong financial performance is the primary driver of its stock score, supported by solid revenue growth and profitability. However, technical indicators suggest a bearish trend, and the valuation is reasonable but not compelling. The absence of earnings call and corporate events data limits additional insights.

Positive Factors

High profitability margins

Exceptionally high gross and net margins indicate durable pricing power and tight cost control in project execution. Such margin stability supports internal funding for development, cushions cyclical downturns, and enables sustained returns to shareholders over the medium term.

Very conservative balance sheet

A strong equity base and negligible leverage provide financial flexibility for new projects and resilience to real estate cycles. Low interest burden preserves earnings quality and the high ROE shows efficient capital deployment, supporting sustainable growth opportunities.

Solid operating cash generation

A healthy conversion of profits into operating cash demonstrates cash-backed earnings and ability to fund construction and working capital without immediate external financing. Reliable operating cash underpins project execution and medium-term capital allocation.

Negative Factors

Sharp decline in free cash flow growth

A 60% drop in free cash flow growth erodes the company’s buffer for reinvestment, debt servicing or dividends. If persistent, it could force slower project starts, asset monetization or higher external financing, weakening long-term operational flexibility.

Weak recent top-line and EPS trends

Material negative revenue and EPS trends point to volatility in sales recognition or demand. Persistent declines undermine sustainable earnings and may reflect project delays, reduced bookings or pricing pressure, raising execution and cash-generation risk.

Geographic concentration risk

Reliance on a single regional market increases vulnerability to localized economic cycles, regulatory changes, and land-market shifts. Limited geographic diversification can translate into prolonged revenue and valuation sensitivity if the local market softens.

Ganesh Housing Corporation Limited Business Overview & Revenue Model

Company Description

Ganesh Housing Limited engages in the real estate and construction businesses in India. It is involved in the construction of residential and commercial projects; and infrastructure projects. The company was founded in 1965 and is based in Ahmedabad, India.

How the Company Makes Money

Ganesh Housing Corporation Limited primarily makes money from real estate development by (1) developing land and constructing projects and then (2) selling completed units (e.g., apartments, commercial units) or development rights, with revenue typically recognized from customer contracts as projects progress and/or upon completion/hand-over depending on contract terms and applicable accounting treatment. Key revenue streams generally include: (a) sale of constructed residential units, (b) sale of constructed commercial units/shops/offices, and (c) sale/monetization of land parcels or development rights when the company disposes of land inventory or enters arrangements that transfer rights in a project. Earnings are influenced by factors such as the company’s project pipeline and execution, real estate demand and pricing in its core markets, project approvals and regulatory compliance, construction costs and timelines, and the company’s ability to source and bank land at viable prices. Specific details on significant partnerships or project-specific joint development arrangements are null.

Ganesh Housing Corporation Limited Financial Statement Overview

Summary

Ganesh Housing Corporation Limited exhibits strong financial health with robust revenue growth and high profitability margins. The balance sheet is stable with low leverage, and while cash flow is generally positive, the decline in free cash flow growth requires monitoring.

Income Statement

Ganesh Housing Corporation Limited has demonstrated robust revenue growth with a 7.6% increase from 2024 to 2025. The company maintains strong profitability with high gross profit and net profit margins of 85.4% and 62.3% respectively, indicating efficient cost management. The EBIT and EBITDA margins are also impressive at 83.3% and 81.2%. This strong performance highlights the company's ability to generate significant earnings from its operations.

Balance Sheet

The balance sheet shows a strong equity base, with an equity ratio of 88%, indicating financial stability. The debt-to-equity ratio is low at 0.013, reflecting conservative leverage. Return on equity is a remarkable 29.1%, showcasing effective management of shareholders' investments. The company's financial structure supports long-term growth but warrants attention to potential liabilities.

Cash Flow

The company's cash flow position is solid, with a healthy operating cash flow to net income ratio of 0.69 and a free cash flow to net income ratio of 0.32. However, the free cash flow growth rate has declined by 60%, indicating potential challenges in maintaining cash reserves. While the operating cash flow is robust, the drop in free cash flow requires careful monitoring.

Breakdown	TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2021
Income Statement
Total Revenue	6.81B	9.58B	8.88B	6.06B	3.70B	1.67B
Gross Profit	6.00B	8.18B	6.59B	2.77B	1.49B	-422.12M
EBITDA	5.87B	8.10B	6.27B	2.51B	1.34B	-396.20M
Net Income	4.34B	5.98B	4.61B	1.00B	706.27M	-1.05B
Balance Sheet
Total Assets	0.00	23.38B	17.69B	14.19B	11.79B	11.32B
Cash, Cash Equivalents and Short-Term Investments	1.24B	1.57B	2.30B	3.24B	133.81M	197.67M
Total Debt	0.00	65.20M	80.61M	35.72M	1.42B	4.09B
Total Liabilities	-13.37B	2.82B	2.19B	2.41B	3.03B	5.43B
Stockholders Equity	13.37B	20.57B	15.50B	11.10B	7.90B	5.02B
Cash Flow
Free Cash Flow	1.15B	1.93B	4.83B	-2.45B	-982.65M	652.17M
Operating Cash Flow	3.20B	4.10B	6.38B	-2.17B	-932.27M	679.45M
Investing Cash Flow	-5.65B	-3.89B	-4.89B	2.74B	393.88M	102.20M
Financing Cash Flow	35.34M	-941.82M	-2.44B	148.74M	-852.37M	-751.25M

Ganesh Housing Corporation Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 811.45
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GANESHHOU, the sentiment is Negative. The current price of 811.45 is above the 20-day moving average (MA) of 673.77, above the 50-day MA of 719.46, and below the 200-day MA of 842.08, indicating a bearish trend. The MACD of -28.96 indicates Positive momentum. The RSI at 23.84 is Positive, neither overbought nor oversold. The STOCH value of 15.84 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GANESHHOU.

Ganesh Housing Corporation Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GANESHHOU	68 Neutral	₹50.66B	31.13	―	0.63%	-8.37%	8.49%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
MANINFRA	61 Neutral	₹38.23B	27.56	―	1.03%	-21.85%	-1.63%
MAXESTATES	57 Neutral	₹60.51B	-1,536.76	―	―	79.32%	―
MAHLIFE	56 Neutral	₹73.91B	19.33	―	0.70%	-22.59%	17.35%
RUSTOMJEE	54 Neutral	₹48.39B	487.69	―	0.28%	-20.38%	-36.03%
PURVA	46 Neutral	₹42.86B	23.64	―	―	-23.33%	-512.89%