Arthneeti

Ganesh Housing Q1 FY27 Share Price & Earnings Call Analysis

₹680.10+0.55% today
Market cap
₹5,669 Cr
P/E
21.37
ROE
16.03%
PEG
0.46
Price to sales
8.85
Debt to equity
0.25
52W high / low
₹873 / ₹506
Sales growth (5Y)
24.87%
EBITDA margin
63.14%
Net profit margin
61.95%
Promoter holding
73.06%
Sales (last year)
₹641 Cr

Incorporated in 1991, Ganesh Housing Corporation Ltd is in the business of real estate development in residential and commercial segment and infrastructure projects[1]

Guidance scorecard · Q1 FY27 call

What Ganesh Housing Ltd's management guided
and where it ranks in Realty

#33of 41 in
Realty
Revenue10–20%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ1 FY27 call

10–20%
  • FY27 revenue guidance is Rs. 1,000 to Rs. 1,200 crores, reflecting substantial growth driven by multiple growth engines including residential projects, commercial leasing, and strategic land monetization.
  • PAT for FY27 expected between Rs. 300 to Rs. 325 crores, with a moderate increase influenced by a one-time tax impact in Q1.
  • Phase-II of Million Minds commercial project launch expected in Q3 FY27; Phase-I residential launch in Q4 FY27.
  • Leasing momentum at Million Minds is strong, with about 60% of leasable area under agreement and recurring annuity income starting Q4 FY27.
  • Long-term growth relies on timely execution, expanding project pipeline, selective land acquisitions, and capitalizing on Ahmedabad’s evolving real estate demand.

2 more points from Ganesh Housing Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Ganesh Housing Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Ganesh Housing plans to launch Phase-II of Million Minds in Q3 of FY27 and Phase-I of residential projects at Million Minds in Q4 of FY27.
  • Strategic focus includes selective acquisitions of land in important growth corridors to strengthen the project pipeline.
  • Capital allocation strategy involves disciplined investment in development, leasing, and land monetization to maximize long-term returns.
  • Cash from recent land monetization (One 91 Thaltej) will be used for ongoing development at Million Minds and to capitalize on new land purchase opportunities in Ahmedabad.

2 more points from Ganesh Housing Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what Ganesh Housing Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

  • Ganesh Housing Limited has a strong and extensive development pipeline, supported by approximately 510 acres of fully paid land bank strategically located in fast-growing micro-markets in Ahmedabad.
  • The company is focused on timely execution of ongoing residential projects such as Malabar Retreat (83% complete) and plans Phase-II launch of Million Minds in Q3 FY27, with Phase-I of residential projects launching in Q4 FY27.
  • Million Minds Tech City, spanning nearly 65 acres with long-term development potential of about 15 million sq. ft., is a key commercial leasing project, with about 60% of the leasable area under binding agreements.

2 more points from Ganesh Housing Ltd's call on the order book

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Full Q1 FY27 analysis
Full Realty ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Realty
on management's own guidance

  1. Sobha LtdGood growth
    2
  2. Strong growth
    1
  3. Man Infraconstruction LtdGood growth
    3
See all potential multibaggersWhere does Ganesh Housing Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Realty companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Flat₹12,035 Cr41.1
2Sobha Ltd20–40%Up 2%+₹12,548 Cr54.4
3Man Infraconstruction Ltd20–40%Up 2%+₹4,602 Cr21.2
420–40%Up 2%+₹1,157 Cr12.7
520–40%Flat₹1.06L Cr25.6
620–40%Flat₹61,922 Cr23.4

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Ganesh Housing Ltd announcements

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Financials of Ganesh Housing Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Ganesh Housing Ltd

Quarterly Results

Quarter-by-quarter operating performance

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales +6717927016318127721423725725115117491
Expenses +207854424512865354635232616
Operating Profit4710121612113714914920321121712814875
OPM %70%56%80%74%75%54%70%85%82%86%85%85%82%
Other Income +14112361278000
Interest5211111111111
Depreciation1112222222122
Profit before tax4210221512013614915321221522112614573
Tax %27%62%25%28%26%25%25%25%25%26%26%26%26%
Net Profit +3039161861011131141581611659310854
EPS in Rs2.535.5819.3510.3112.0613.5313.6519.0119.2919.7811.1612.966.44

Financials of Ganesh Housing Ltd

Profit & Loss

Annual income statement trend

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales +282250321401499258267168383616891959668
Expenses +151119117195304188320216248364267180100
Operating Profit13113220420719571-53-48134252624779568
OPM %46%53%64%51%39%27%-20%-29%35%41%70%81%85%
Other Income +572686210146348
Interest6564100931019280753613444
Depreciation3444322223777
Profit before tax6972102116100-17-132-11497240620802565
Tax %27%27%31%36%49%-256%-10%-8%27%57%26%25%
Net Profit +505370755127-120-10571102461598420
EPS in Rs10.1911.2712.5614.1610.325.39-24.30-21.388.4712.2555.2571.7250.34
Dividend Payout %17%15%11%14%17%9%0%0%0%20%20%7%

Financials of Ganesh Housing Ltd

Balance Sheet

Capital structure and asset base

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital33333349494949498383838383
Reserves6466927577988406985754537068051,2461,7522,133
Borrowings +35759360276470766353340914224024724877
Other Liabilities +188189256272243336214220248290193254337
Total Liabilities1,2241,5061,6481,8831,8391,7461,3721,1311,1791,4191,7692,3382,630
Fixed Assets +60216221231223225223208208261438435435
CWIP00200020021148360448
Investments0000000000000
Other Assets +1,1641,2911,4251,6521,6161,5211,1469239721,1361,1831,5431,747
Total Assets1,2241,5061,6481,8831,8391,7461,3721,1311,1791,4191,7692,3382,630

Financials of Ganesh Housing Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +149-380168202751291231324131638410
Cash from Investing Activity +-3755-86-1402684534339278-489-389
Cash from Financing Activity +-124338-60-57-105-216-202-173-851-244-94
Net Cash Flow-1214225-3-3-263-5310-95-73
Free Cash Flow154-54016220278128120148383486193
CFO/OP125%-268%76%110%45%226%-245%-278%33%27%123%59%

Financials of Ganesh Housing Ltd

Ratios

Working capital efficiency and return ratios

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days28838724127835515011501115350131
Inventory Days2,4961,0133,4097108122,220
Days Payable22181157462296
Cash Conversion Cycle2,5633872412781,2873,402780790111532,174131
Working Capital Days3401,0839649178341,390988711325342307429
ROCE %12%10%14%13%11%5%-4%-4%13%23%45%44%

Guidance history

How Ganesh Housing Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%FlatPlanned——
Q4 FY26 call →10–20%FlatPlannedPlannedRising
Q3 FY26 call →0–10%FlatPlannedNone planned—
Q2 FY26 call →0–10%FlatPlannedNone planned—

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

24out of 100

Momentum score · price trend

24 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−17.6%40%
Last 6 months+2.2%57%
Last 3 months−8.9%43%

The price is 52.9% below its all-time high of ₹1,444.5 (7 Feb 2025). Stocks more than 20% below their peak have their score halved, so 47 became 24.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Ganesh Housing Ltd: 0.4 × 40 + 0.4 × 57 + 0.2 × 43 = 47, halved to 24 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Ganesh Housing Ltd's management said in earlier quarters

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