Archive · 7 Jun 2025
Ganesh Housing: Investment Worthy Despite Market Shifts
Imagine a company, Ganesh Housing, that builds houses and offices, mostly in Ahmedabad.
After the Covid-19 pandemic, more people wanted to buy homes and rent office spaces.
Though the market had a small dip, demand is still good, particularly for nice homes and office spaces.
The company had a successful financial year with rising revenue and profit.
Even though its stock price had a minor drop, the company is valued at a lower multiple compared to its peers, and it has many new projects planned.
This company has a history of finishing projects on time, is debt-free, and could be a good investment for the next few years.
They are currently building an IT SEZ (Million Minds) and have future projects planned.
Ganesh Housing, a commercial and residential property developer, is well-positioned to meet rising demand.
The stock price corrected 30% after an initial rise but now trades at a low valuation multiple.
The company has a strong track record, a healthy project pipeline, and is debt-free.
FY25 revenue grew 7.6% YoY to ₹960 crore, with net profits up 30% to ₹598 crore.
Ongoing and planned projects have significant revenue potential in the Ahmedabad market.
- Who
- Ganesh Housing Corporation.
- What
- Ganesh Housing, a real estate developer, is considered an investment opportunity.
- When
- Published June 7, 2025; FY25 financials used as reference.
- Where
- Primarily in Ahmedabad, Gujarat.
- Why
- Due to strong infrastructure and increased realty demand; specifically targeting Ahmedabad.
- Stock Price (approx.)
- ₹1,022
- FY25 Revenue
- ₹960 crore
- FY25 Net Profit
- ₹598 crore
- FY25 EBITDA Margin
- Over 80%
- Return on Equity (FY25)
- 29.1%
- Cash Surplus
- ₹157 crore
- Ongoing Projects
- 2