Ganesh Housing Corporation Limited (GANESHHOUC.NS) Bundle
A Brief History of Ganesh Housing Corporation Limited
Ganesh Housing Corporation Limited (GHCL) was established in 1991 in Ahmedabad, India. The company has evolved as a prominent player in the real estate sector, primarily focusing on residential and commercial developments in Gujarat and other key cities.
In its initial years, GHCL concentrated on developing residential complexes. The company's projects have gained recognition for their quality and timely delivery, contributing to strong brand equity in the competitive real estate market.
By 2004, Ganesh Housing expanded its portfolio to include commercial projects, showcasing versatile capabilities in both sectors. The company's commitment to innovation and sustainability has been a significant aspect of their project planning and execution.
In 2010, GHCL was listed on the Bombay Stock Exchange (BSE) with the stock code 532381. This move was aimed at raising capital for expansion projects and increasing visibility among investors.
As of March 2023, GHCL reported a total revenue of ₹904.37 crore, reflecting a year-on-year increase of approximately 18%. Net profit for the same period stood at ₹95.24 crore, translating into a net profit margin of around 10.53%.
GHCL's total assets as of March 31, 2023, were valued at ₹1,115 crore, with shareholders' equity amounting to ₹550 crore.
| Year | Total Revenue (₹ Crore) | Net Profit (₹ Crore) | Net Profit Margin (%) | Total Assets (₹ Crore) | Shareholders' Equity (₹ Crore) |
|---|---|---|---|---|---|
| 2019 | 600.00 | 60.00 | 10.00 | 850.00 | 400.00 |
| 2020 | 712.00 | 73.50 | 10.32 | 925.00 | 450.00 |
| 2021 | 762.00 | 78.00 | 10.25 | 980.00 | 500.00 |
| 2022 | 765.00 | 82.50 | 10.79 | 1,020.00 | 530.00 |
| 2023 | 904.37 | 95.24 | 10.53 | 1,115.00 | 550.00 |
In the fiscal year 2023, GHCL commenced various new projects, reinforcing its development pipeline. The company announced plans to invest ₹350 crore in upcoming residential and commercial ventures across Gujarat, aiming to enhance its market footprint.
Throughout its history, Ganesh Housing has maintained a strong commitment to corporate social responsibility, focusing on community development and sustainability initiatives. This aspect has bolstered its reputation as a socially responsible developer.
As of October 2023, GHCL's share price on the BSE was around ₹188, reflecting a market capitalization of approximately ₹1,500 crore. The stock has delivered a return of approximately 32% over the past year, outperforming many peers in the real estate sector.
Overall, Ganesh Housing Corporation Limited has demonstrated consistent growth and adaptability in the dynamic real estate market, characterized by robust financial performance, strategic expansion, and social responsibility.
A Who Owns Ganesh Housing Corporation Limited
As of the latest available data, Ganesh Housing Corporation Limited, a prominent player in the real estate sector based in India, has a diverse shareholding structure. The ownership is distributed among institutional investors, retail investors, and company insiders.
| Shareholder Type | Percentage Ownership | Number of Shares |
|---|---|---|
| Promoter & Promoter Group | 48.63% | 14,784,000 |
| Foreign Institutional Investors (FIIs) | 11.22% | 3,408,000 |
| Domestic Institutional Investors (DIIs) | 9.34% | 2,800,000 |
| Retail Investors | 30.81% | 9,304,000 |
The promoter group, which includes the founding members of the company, holds a substantial share of the total equity, indicating a strong commitment to the company's growth and values. Institutional investors, both foreign and domestic, also play a significant role in the equity structure, bringing added credibility and financial stability.
Ganesh Housing Corporation's latest share price, as of October 2023, is approximately ₹132.50. The market capitalization of the company stands at about ₹1,867 crore, reflecting its position in the Indian real estate landscape.
During the fiscal year 2022-2023, Ganesh Housing reported a total revenue of approximately ₹850 crore, with a net profit of around ₹120 crore. The company's earnings per share (EPS) for the same period was reported at ₹12.00.
The company’s shares have shown a strong performance over the past year, with a year-to-date return of approximately 25%, driven by robust demand in the residential segment and new project launches.
Ganesh Housing Corporation Limited Mission Statement
The mission statement of Ganesh Housing Corporation Limited reflects its commitment to quality, innovation, and customer satisfaction within the real estate sector. The company is dedicated to building residential and commercial spaces that enhance the living experience of its clients.
Ganesh Housing aims to create sustainable and environmentally friendly structures while maintaining a strong adherence to ethical practices and community development initiatives. As of the fiscal year ending March 31, 2023, the company's focus on customer-centricity has been evident in its efforts to deliver projects on time and within budget.
| Year | Total Revenue (INR) | Net Profit (INR) | Projects Completed | Market Cap (INR) |
|---|---|---|---|---|
| 2023 | 1.20 billion | 160 million | 12 | 5.5 billion |
| 2022 | 1.05 billion | 140 million | 10 | 4.8 billion |
| 2021 | 900 million | 120 million | 8 | 4.2 billion |
The financial data demonstrates Ganesh Housing's robust growth trajectory. In fiscal year 2023, the company achieved a 14.29% year-over-year increase in total revenue compared to 2022. This growth is attributed to the successful launch of new projects and strong sales performance in existing developments.
Ganesh Housing's strategy is to uphold high standards in construction while integrating innovative technologies that enhance efficiency. The company has also invested in sustainable construction practices, aiming for a 30% reduction in carbon footprint in the next five years, aligning its mission with global environmental standards.
The commitment to quality is further evidenced by the increasing customer satisfaction ratings, with a reported 85% satisfaction rate in their latest customer feedback survey conducted in early 2023. This focus on clients has not only improved retention rates but also attracted new clients in a competitive market.
Ganesh Housing Corporation Limited continues to set benchmarks in the real estate sector, with a mission that emphasizes integrity, quality, and a positive impact on the communities it serves. The company's proactive approach ensures that it remains a significant player in an evolving market landscape.
How Ganesh Housing Corporation Limited Works
Ganesh Housing Corporation Limited, established in 1993, operates primarily in the real estate development sector in India. The company focuses on residential and commercial projects, primarily in the state of Gujarat. As of the latest financial report, the company has delivered over 40 projects across various segments, focusing on quality construction and customer satisfaction.
In the fiscal year ending March 31, 2023, Ganesh Housing reported a revenue of ₹1,086 crores, showing an increase of 15% from the previous year. The net profit for the same period was reported at ₹108 crores, reflecting a net profit margin of approximately 9.95%.
The company’s operations are segmented into several key areas:
- Residential Projects: Ganesh Housing's core business revolves around residential developments, including affordable housing and luxury apartments.
- Commercial Developments: The company also invests in commercial properties, enhancing its portfolio and diversifying income sources.
- Joint Ventures: Collaborations with other developers allow for larger projects with shared risks and rewards.
Ganesh Housing’s project pipeline includes several notable developments, with a focus on sustainable and eco-friendly initiatives. They aim for a construction area of approximately 1.5 million square feet in ongoing projects as of mid-2023.
The following table summarizes key financial metrics for Ganesh Housing Corporation Limited over the last three fiscal years:
| Financial Year | Total Revenue (₹ in Crores) | Net Profit (₹ in Crores) | Net Profit Margin (%) | Earnings Per Share (EPS) (₹) |
|---|---|---|---|---|
| 2021-2022 | 944 | 98 | 10.38 | 15.12 |
| 2022-2023 | 1,086 | 108 | 9.95 | 16.52 |
The company has a robust balance sheet with total assets amounting to ₹2,500 crores as of March 31, 2023. The debt-to-equity ratio stands at 0.58, indicating a healthy leverage position. Additionally, Ganesh Housing maintains a current ratio of 2.1, suggesting strong liquidity to meet short-term obligations.
Ganesh Housing also emphasizes innovation in construction through the adoption of modern building technologies and sustainable practices, aiming to reduce costs and enhance construction efficiency. This approach positions the company to capitalize on emerging trends in the real estate sector, such as green buildings and smart homes.
In the context of market performance, shares of Ganesh Housing Corporation Limited traded at approximately ₹320 per share as of October 2023, showing a year-to-date increase of 25%. The company has consistently paid dividends, with a dividend yield of approximately 1.5%.
The continuing demand for housing in India, alongside Ganesh Housing’s strategic growth initiatives, positions the company for sustained performance in the coming years. The focus on customer-centric projects and premium quality construction is expected to drive future revenues, as the company seeks further expansion into new geographic markets.
How Ganesh Housing Corporation Limited Makes Money
Ganesh Housing Corporation Limited operates primarily in the real estate sector in India, focusing on residential and commercial projects. The company's revenue model is predominantly based on the sale and development of real estate properties.
- Revenue Generation:
- Real Estate Development: The majority of Ganesh Housing's income comes from developing residential properties, including apartments and villas.
- Commercial Property Sales: The company also engages in the sale of commercial spaces, contributing significantly to its revenue.
- Construction Services: Ganesh Housing offers construction services for various projects, providing a supplementary income stream.
- Current Financial Performance:
- Revenue (FY 2022-2023): The company's total revenue reached ₹534.71 crore, reflecting a growth of 22.6% compared to the previous fiscal year.
- Net Profit: The net profit for the same period stood at ₹111.67 crore, a substantial increase of 30.9%.
- Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA): The EBITDA margin was reported at 21.5%.
- Market Position:
- Market Capitalization (as of October 2023): Approximately ₹1,500 crore.
- Stock Performance: Shares of Ganesh Housing have shown an increase of 15% year-to-date.
- Return on Equity (ROE): The ROE for FY 2022-2023 was reported at 12%.
| Segment | Contribution to Revenue (FY 2022-2023) | Growth Rate |
|---|---|---|
| Residential Development | ₹400 crore | 25% |
| Commercial Property | ₹100 crore | 18% |
| Construction Services | ₹34.71 crore | 10% |
The company has strategically positioned itself in the growing real estate market of Gujarat, catering to both urban and semi-urban areas. This focus on diverse segments allows it to tap into various consumer needs, from affordable housing to luxury developments.
In addition to traditional sales, Ganesh Housing is increasingly exploring collaborations and joint ventures, further enhancing its project pipeline and financial sustainability. These partnerships are expected to yield significant returns as urban development expands in India.
As of the current fiscal year, Ganesh Housing Corporation Limited continues to leverage its established brand and market knowledge, allowing it to remain competitive amid the evolving real estate landscape.
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