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GANESHHOU · Ganesh Housing Ltd · Construction Services

GANESHHOU · Ganesh Housing Ltd · Construction Services

₹654.65+3.0%

As of 05 Nov close

52-week range

52wk low ₹50052wk high ₹899.7

27.2% below 52-week high

52-week range: as of 05 Nov 2026 close.

Price chartDaily closes on the stock page.

Stock Condition:Pro

Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.

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Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old

Revenue growth acceleratingProfit declined YoY for 2 straight quarters

Revenue (latest Q)

₹280 Cr

Revenue YoY

PAT YoY

-54.9%

Operating margin

Revenue, last 8 quarters

P/E (TTM)

P/B

2.9

P/S (TTM)

9.9

Sector P/E

14.4

Dividend yield

+0.2%

CompanyP/EP/BNet marginROED/EDiv. yield
GANESHHOU (this stock)242.9+41.4%+11.4%0.13+0.2%
DLF34.53.5+65.8%+9.8%0.01+1.2%
Lodha Developers23.14.6+22.7%+17.7%0.42+0.4%
Indus Towers14.42.4+21.8%+17.3%0.52+3.6%

Promoter

stable

FII

falling 1q

MF

0.09% (0.00pp)

stable

Insider trades

No insider trades in the last 12 months.

Bulk/block deals

No bulk/block deals in the last 12 months.

News timeline

No related news.

Concalls & investor presentations

AI-generated
Concall transcriptPositive29 Jul 2026
View source filing →

Key takeaway: Ganesh Housing Limited held its Q1 FY27 Earnings Conference Call on July 27, 2026, where management discussed the company's strategic transformation from a residential developer to a diversified real estate platform. CFO B. Ravi highlighted the company's strong land bank of approximately 510 acres and the favorable micro-environment in Ahmedabad, which is becoming a key real estate destination. The company reported a revenue of Rs. 280 crores for the quarter, reflecting a 130% sequential growth and an 86% year-on-year increase. EBITDA stood at Rs. 110 crores, while PAT was Rs. 42 crores, impacted by a one-time tax burden from a land sale. Management set a revenue goal of Rs. 1000 to Rs. 1200 crores for FY27, with a PAT range of Rs. 300 to Rs. 325 crores. The call concluded with management expressing confidence in the company's long-term growth prospects and commitment to creating enduring ecosystems.

Management emphasized growth and strategic progress during the earnings call.

Sourced from an exchange-filed transcript, dated 29 Jul 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationPositive24 Jul 2026
View source filing →

Key takeaway: Ganesh Housing Limited's Q1 FY27 earnings presentation reported a revenue of INR 2,802 million, reflecting a 130% quarter-on-quarter growth. EBITDA for the same period was INR 1,100 million, showing a 12% increase QoQ. The profit after tax (PAT) was reported at INR 420 million. The company highlighted a strong balance sheet with a low capital gearing ratio, indicating prudent financial management. Key project updates included the ongoing Malabar Retreat, which is 83% complete, and the Million Minds Tech Park, which was inaugurated and is nearing completion. The presentation also noted a strategic shift in the One91 Thaltej project towards land monetization to enhance cash flow. The company emphasized its position in Ahmedabad's real estate market, which is characterized by affordability and growth potential.

The presentation highlighted strong financial performance and ongoing project developments.

Sourced from an exchange-filed presentation, dated 24 Jul 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptMixed03 Jun 2026
View source filing →

Key takeaway: Ganesh Housing Limited held its Q4 FY26 Earnings Conference Call on June 1, 2026, where management discussed the company's financial performance and strategic developments. For Q4 FY26, the company reported revenues of INR 122 crores, a sequential growth of 33%, with EBITDA at INR 98 crores and PAT at INR 61 crores. Management noted that FY26 was a transition year, impacted by external economic challenges, but emphasized significant operational progress, including the advancement of projects like Million Minds Tech City and Malabar Retreat. The company highlighted the strong real estate market in Ahmedabad, driven by infrastructure developments and increasing demand for premium housing. Management also mentioned plans for future project launches and the importance of maintaining a robust land bank. A dividend of 15% was declared, reflecting the company's strong cash flows despite the transitional phase. The call concluded with management expressing confidence in the company's long-term growth potential.

Management highlighted both challenges and significant operational progress during the year.

Sourced from an exchange-filed transcript, dated 03 Jun 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationPositive29 May 2026
View source filing →

Key takeaway: Ganesh Housing Limited's Q4 FY26 earnings presentation reported a revenue of INR 1,218 million, reflecting a 33% quarter-on-quarter growth. EBITDA for the same period was INR 983 million, with a 31% QoQ increase and EBITDA margins of 80.7%. The profit after tax (PAT) stood at INR 614 million, up 14% QoQ, with PAT margins of 50.4%. The company highlighted a strong balance sheet with low capital gearing and strong internal accruals. New projects include One 91 Thaltej, a premium commercial project, while ongoing projects like Malabar Retreat are progressing well. The presentation emphasized the company's strategic focus on expanding its land bank and enhancing its project pipeline, aiming for a total sales value of approximately INR 172,500 million in the coming years. The document also noted the company's commitment to transparency and trust in its operations.

The presentation highlighted strong financial performance and strategic growth initiatives.

Sourced from an exchange-filed presentation, dated 29 May 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptNeutral12 Feb 2026
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Key takeaway: Ganesh Housing Limited held its Q3 FY26 Earnings Conference Call on February 9, 2026, where management discussed the company's financial performance and operational updates. The company reported revenues of INR 92 crores and a profit after tax of INR 54 crores for the quarter, with EBITDA margins at 82.3%. Management noted that while revenue recognition was uneven, the underlying business fundamentals remained strong, supported by a robust balance sheet and healthy margins. They highlighted the favorable conditions in the Ahmedabad real estate market, driven by affordability and infrastructure improvements. Key projects, including Million Minds Tech and Malabar Retreat, were progressing well, with leasing activities showing positive momentum. Management emphasized a focus on value maximization and disciplined land monetization strategies, positioning the company for future growth despite a temporary decline in revenue and profits compared to the previous year. The call concluded with management expressing optimism about upcoming projects and their potential contributions to earnings.

Management provided a balanced view of current performance and future potential without strong emphasis on either growth or challenges.

Sourced from an exchange-filed transcript, dated 12 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationNeutral06 Feb 2026
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Key takeaway: Ganesh Housing Limited's Q3 FY26 earnings presentation reported revenue of INR 915 million, a decrease of 48% quarter-on-quarter and 65% year-on-year. EBITDA for the same period was INR 753 million, with margins of 82.3%. The presentation highlighted a profit after tax (PAT) of INR 537 million, translating to a PAT margin of 58.7%. The company maintained a debt-free status for over three years, reflecting a conservative financial strategy. Management announced the addition of a new commercial project, One 91 Thaltej, with a saleable area of 1.8 million square feet, currently in the planning approval stage. Ongoing projects, such as Malabar Retreat and Million Mind Tech Park, were reported to be progressing well, with completion rates of 74% and 97%, respectively. The presentation emphasized the company's strong balance sheet and commitment to transparency and trust in its operations.

The presentation provided a factual overview of financial performance and project updates without strong positive or negative emphasis.

Sourced from an exchange-filed presentation, dated 06 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.

AI Summary of Annual Report

AI-generated
FY2025-26289 pages

Ganesh Housing Limited (GANESHHOU) reported strong financial performance in FY2025-26 with revenue from operations of ₹5,385 Mn, EBITDA of ₹4,497 Mn, net profit of ₹3,163 Mn, and an EBITDA margin of 83.5%. The company has no defaults on borrowings, no NPA classifications, and no insolvency proceedings for related parties. It has three wholly-owned subsidiaries and maintains robust corporate governance practices. The auditor highlighted key audit matters including revenue recognition for real estate projects and inventory net realizable value assessment.

  • Revenue from operations: ₹5,385 Mn, EBITDA: ₹4,497 Mn, net profit: ₹3,163 Mn, EBITDA margin: 83.5% in FY2025-26.
  • No defaults on borrowings, no NPA classifications, and no insolvency proceedings for related parties over the last three financial years.
  • Three wholly-owned subsidiaries: Gatil Properties Private Limited, Madhukamal Infrastructure Private Limited, and Million Minds Techspace Private Limited.
  • Auditor identified key audit matters including revenue recognition for real estate projects and inventory net realizable value assessment.

Key takeaway: Ganesh Housing Limited delivered robust financial performance in FY2025-26 with strong profitability and no significant defaults or insolvency issues, though key audit matters and estimates-related risks remain relevant.

The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.

Filed with NSE · 11 Aug 2026View source filing →

Governance disclosures

AI-generated

Needs attention

Regulatory Action (1 item); Default / Covenant Breach (1 item)

Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.

Regulatory Action

1 occurrence

Earlier (1-3 years ago)

Annual Report13 Aug 2025 (FY2024-25)
View source filing →

SEBI issued a warning letter to the company for non-compliance with several SEBI Listing Regulations and failure to obtain prior approval for a related party transaction.

Default / Covenant Breach

1 occurrence

Recent (last 12 months)

Annual Report11 Aug 2026 (FY2025-26)· 2 passages
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The related party has a subsisting default on borrowings, and the listed entity has requested the related party to provide information on the default, including whether the related party's account has been classified as NPA or declared a wilful defaulter.

Routine disclosures

Contingent Liability

3 occurrences

Recent (last 12 months)

Annual Report11 Aug 2026 (FY2025-26)Older than 10 years· 3 passages
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The company has contingent liabilities related to income tax assessment orders for AY 2007-08, with demands raised by the Income-tax Department and appeals filed before CIT(A), Ahmedabad, where relief was granted on majority of the issues.

Earlier (1-3 years ago)

Annual Report13 Aug 2025 (FY2024-25)· 2 passages
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The Group has various ongoing litigations and legal proceedings before tax and regulatory authorities and courts, including indemnifications and commitments to a joint subsidiary company, which could have a significant financial impact if the potential exposure materializes.

Annual Report09 Aug 2024 (FY2023-24)· 2 passages
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The company has pending tax demands of ₹154.55 lakh for the assessment year 2015-16 and ₹83.32 lakh for 2017-18 under scrutiny by the Income-tax Authority, with appeals pending before CIT(A) and a stay application pending disposal.

Related-Party Transaction

3 occurrences

Recent (last 12 months)

Annual Report11 Aug 2026 (FY2025-26)· 8 passages
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SEBI issued a warning letter dated April 29, 2025, to the company regarding irregularities in the approval and disclosure of related party transactions during FY 2021-22 to FY 2022-23, advising corrective actions.

Earlier (1-3 years ago)

Annual Report13 Aug 2025 (FY2024-25)· 17 passages
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The company approved a Material Related Party Transaction with Mahavir (Thaltej) Complex Private Limited, a Group Company.

Annual Report09 Aug 2024 (FY2023-24)· 12 passages
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Ganesh Housing Corporation Limited has approved a resolution to enter into transactions with Mr. Shekhar Govindbhai Patel, a promoter and related party, up to ₹200 crore for property sales, purchases, or leases.

Statutory dues in dispute

1 occurrence

Earlier (1-3 years ago)

Annual Report13 Aug 2025 (FY2024-25)Disputed tax/statutory dues under appeal, not a loan default
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The company has statutory dues under the Income Tax Act, 1961 for the assessment year 2015-2016, amounting to 154.55 lakh, which have not been deposited as of March 31, 2025, with a dispute pending before CIT-(A), Ahmedabad.

Promoter Share Pledge

1 occurrence

Recent (last 12 months)

Structured Filing Data (NSE Pledge Disclosure)18 Jul 2026

6.06% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).

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