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Last Updated on: 27 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Ganesh Housing Corporation Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 26, 2024, 10:01 pm

Market Cap 10,184 Cr.
Current Price 1,222
High / Low1,250/368
Stock P/E21.0
Book Value 208
Dividend Yield0.90 %
ROCE45.0 %
ROE41.6 %
Face Value 10.0
PEG Ratio0.16

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Ganesh Housing Corporation Ltd

Competitors of Ganesh Housing Corporation Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Industry Average0 Cr0000%0.59%0.49%0

All Competitor Stocks of Ganesh Housing Corporation Ltd

Quarterly Result

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales1458987973761554332867179270163
Expenses2483735844441031824920785442
Operating Profit-9-242521293252257947101216121
OPM %-64%-42%26%26%40%42%34%59%24%70%56%80%74%
Other Income010001-00001411
Interest221916131077425211
Depreciation0000011111112
Profit before tax-32-3598202545207642102215120
Tax %25%-1%106%29%23%-0%44%35%75%27%62%25%28%
Net Profit-24-35-151525251319303916186
EPS in Rs-4.84-7.13-0.111.042.954.793.021.572.322.535.5819.3510.31

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales199119282250321401499258267168383616680
Expenses9931151119117195304188320216248364194
Operating Profit1008813113220420719571-53-48134252486
OPM %50%74%46%53%64%51%39%27%-20%-29%35%41%71%
Other Income917572686210146
Interest476465641009310192807536139
Depreciation3334443222234
Profit before tax59386972102116100-17-132-11497240479
Tax %23%12%27%27%31%36%49%256%10%8%27%57%
Net Profit4534505370755127-120-10571102317
EPS in Rs9.267.0110.1911.2712.5614.1610.325.39-24.30-21.388.4712.0037.77
Dividend Payout %9%13%17%15%11%14%17%9%0%0%0%20%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-24.44%47.06%6.00%32.08%7.14%-32.00%-47.06%-544.44%12.50%167.62%43.66%
Change in YoY Net Profit Growth (%)0.00%71.50%-41.06%26.08%-24.93%-39.14%-15.06%-497.39%556.94%155.12%-123.96%

Ganesh Housing Corporation Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:12%
5 Years:28%
3 Years:74%
TTM:34%
Compounded Profit Growth
10 Years:25%
5 Years:77%
3 Years:85%
TTM:58%
Stock Price CAGR
10 Years:29%
5 Years:110%
3 Years:76%
1 Year:211%
Return on Equity
10 Years:8%
5 Years:11%
3 Years:24%
Last Year:42%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 12:30 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital33333333494949494983838383
Reserves6056466927577988406985754537068051,2461,647
Borrowings38435759360276470766353340914224024728
Other Liabilities238188189256272243336214220248290193226
Total Liabilities1,2601,2241,5061,6481,8831,8391,7461,3721,1311,1791,4191,7691,985
Fixed Assets6260216221231223225223208208261438438
CWIP600200020021148247
Investments0000000000000
Other Assets1,1921,1641,2911,4251,6521,6161,5211,1469239721,1361,1831,300
Total Assets1,2601,2241,5061,6481,8831,8391,7461,3721,1311,1791,4191,7691,985

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +1149-380168202751291231324131638
Cash from Investing Activity +-20-3755-86-1402684534339278-489
Cash from Financing Activity +38-124338-60-57-105-216-202-173-851-244
Net Cash Flow19-1214225-3-3-263-5310-95

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow100.00-296.00-226.00-461.00-398.00-557.00-512.00-592.00-586.00-457.00-8.0012.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days71728838724127835515011501115350
Inventory Days2,4961,0133,4097108122,220
Days Payable22181157462296
Cash Conversion Cycle7172,5633872412781,2873,402780790111532,174
Working Capital Days1,0113841,2211,1111,0388931,4321,0541,089397343309
ROCE %9%12%10%14%13%11%5%-4%-4%13%23%45%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters56.54%56.54%73.06%73.06%73.06%73.06%73.06%73.06%73.06%73.06%73.06%73.06%
FIIs0.97%1.02%0.67%0.66%0.79%0.70%0.72%0.72%0.92%0.87%0.89%1.08%
DIIs0.00%0.01%0.00%0.01%0.00%0.00%0.00%0.00%0.05%0.07%0.04%0.05%
Public42.49%42.44%26.27%26.27%26.14%26.24%26.22%26.22%25.96%26.00%26.02%25.82%
No. of Shareholders15,25214,47715,34913,99414,01613,44813,29812,76015,46415,34220,74424,607

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Motilal Oswal Nifty Microcap 250 Index Fund22,3260.180.8422,3262024-11-250%
Groww Nifty Total Market Index Fund510.01022,3262024-11-25-99.77%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)55.2512.0012.47-21.38-24.39
Diluted EPS (Rs.)55.2512.0012.47-21.38-24.39
Cash EPS (Rs.)56.0412.588.70-21.03-23.88
Book Value[Excl.RevalReserv]/Share (Rs.)159.43141.25105.15119.67145.72
Book Value[Incl.RevalReserv]/Share (Rs.)159.43141.25105.15119.67145.72
Revenue From Operations / Share (Rs.)106.9773.9146.0034.8555.87
PBDIT / Share (Rs.)75.5630.7316.25-7.66-10.24
PBIT / Share (Rs.)74.7730.4016.01-8.01-10.66
PBT / Share (Rs.)74.3228.7911.66-23.20-26.89
Net Profit / Share (Rs.)55.2512.258.46-21.38-24.30
NP After MI And SOA / Share (Rs.)55.2512.258.46-21.38-24.30
PBDIT Margin (%)70.6341.5735.31-21.99-18.32
PBIT Margin (%)69.8941.1334.80-22.99-19.08
PBT Margin (%)69.4738.9425.34-66.56-48.12
Net Profit Margin (%)51.6416.5718.39-61.34-43.49
NP After MI And SOA Margin (%)51.6416.5718.39-61.34-43.49
Return on Networth / Equity (%)34.659.208.93-20.96-19.16
Return on Capital Employeed (%)39.5621.3713.96-4.78-4.93
Return On Assets (%)26.047.205.98-9.30-8.72
Long Term Debt / Equity (X)0.010.000.080.460.53
Total Debt / Equity (X)0.010.000.170.610.61
Asset Turnover Ratio (%)0.550.210.110.000.00
Current Ratio (X)6.084.822.582.663.40
Quick Ratio (X)3.792.600.651.461.66
Dividend Payout Ratio (NP) (%)4.340.000.000.00-2.05
Dividend Payout Ratio (CP) (%)4.280.000.000.00-2.09
Earning Retention Ratio (%)95.660.000.000.00102.05
Cash Earning Retention Ratio (%)95.720.000.000.00102.09
Interest Coverage Ratio (X)168.8319.003.73-0.50-0.63
Interest Coverage Ratio (Post Tax) (X)124.458.582.94-0.40-0.49
Enterprise Value (Cr.)5984.391980.172441.25652.54548.92
EV / Net Operating Revenue (X)6.713.216.363.802.00
EV / EBITDA (X)9.507.7318.02-17.30-10.89
MarketCap / Net Operating Revenue (X)6.943.625.811.610.32
Retention Ratios (%)95.650.000.000.00102.05
Price / BV (X)4.662.012.820.550.14
Price / Net Operating Revenue (X)6.943.625.811.610.32
EarningsYield0.070.040.03-0.38-1.35

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Ganesh Housing Corporation Ltd as of November 27, 2024 is: 1,833.44

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 27, 2024, Ganesh Housing Corporation Ltd is Undervalued by 50.04% compared to the current share price 1,222.00

Intrinsic Value of Ganesh Housing Corporation Ltd as of November 27, 2024 is: 4,199.83

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 27, 2024, Ganesh Housing Corporation Ltd is Undervalued by 243.68% compared to the current share price 1,222.00

Last 5 Year EPS CAGR: 129.07%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (805.23 cr) compared to borrowings (436.08 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (341.77 cr) and profit (85.31 cr) over the years.
  1. The stock has a low average ROCE of 12.25%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 194.42, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 280.42, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Ganesh Housing Corporation Ltd:
    1. Net Profit Margin: 51.64%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 39.56% (Industry Average ROCE: 0.59%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 34.65% (Industry Average ROE: 0.49%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 124.45
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 3.79
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 21 (Industry average Stock P/E: 0)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.01
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Ganesh Housing Corporation Ltd. is a Public Limited Listed company incorporated on 13/06/1991 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L45200GJ1991PLC015817 and registration number is 015817. Currently company belongs to the Industry of Construction & Contracting. Company’s Total Operating Revenue is Rs. 125.12 Cr. and Equity Capital is Rs. 83.39 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
RealtyGanesh Corporate House, 100 Feet Hebatpur-Thaltej Road, Ahmedabad Gujarat 380054secretarial@ganeshhousing.com
http://www.ganeshhousing.com
Management
NamePosition Held
Mr. Dipakkumar G PatelChairman & Wholetime Director
Mr. Shekhar G PatelManaging Director & CEO
Ms. Aneri D PatelNon Executive Director
Mr. Ashish H ModiIndependent Director
Ms. Palak M PancholiIndependent Director
Dr. Tarang M DesaiIndependent Director
Dr. Bharat J PatelIndependent Director

FAQ

What is the latest intrinsic value of Ganesh Housing Corporation Ltd?

The latest intrinsic value of Ganesh Housing Corporation Ltd as on 27 November 2024 is ₹1833.44, which is 50.04% higher than the current market price of ₹1,222.00.

What is the Market Cap of Ganesh Housing Corporation Ltd?

The Market Cap of Ganesh Housing Corporation Ltd is 10,184 Cr..

What is the current Stock Price of Ganesh Housing Corporation Ltd as on 27 November 2024?

The current stock price of Ganesh Housing Corporation Ltd as on 27 November 2024 is 1,222.

What is the High / Low of Ganesh Housing Corporation Ltd stocks in FY 2024?

In FY 2024, the High / Low of Ganesh Housing Corporation Ltd stocks is 1,250/368.

What is the Stock P/E of Ganesh Housing Corporation Ltd?

The Stock P/E of Ganesh Housing Corporation Ltd is 21.0.

What is the Book Value of Ganesh Housing Corporation Ltd?

The Book Value of Ganesh Housing Corporation Ltd is 208.

What is the Dividend Yield of Ganesh Housing Corporation Ltd?

The Dividend Yield of Ganesh Housing Corporation Ltd is 0.90 %.

What is the ROCE of Ganesh Housing Corporation Ltd?

The ROCE of Ganesh Housing Corporation Ltd is 45.0 %.

What is the ROE of Ganesh Housing Corporation Ltd?

The ROE of Ganesh Housing Corporation Ltd is 41.6 %.

What is the Face Value of Ganesh Housing Corporation Ltd?

The Face Value of Ganesh Housing Corporation Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Ganesh Housing Corporation Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE