Sector Alpha Week of 2026-07-31
Sector Alpha — machine-written from the numbers · Data as of 2026-07-31

Ganesh Housing Ltd

GANESHHOU
Realty - Construction & Contracting

Ganesh Housing Ltd's price has outrun its earnings. −16.3% in a year against EPS −47.1% — the market is paying now for delivery later.

The sharpest disagreement: the price moved −16.3% in a year while annual EPS moved −47.1% — the difference is re-rating, and re-rating has to be repaid with earnings.

The price is in a downtrend (61 weeks in) while the P/E sits at the 83rd percentile of its own 10-year range. Underneath, the last four quarters read deteriorating — profit −54.8% year on year, and 92% of the last 3 years' profit arrived as cash. What settles it: whether earnings grow into a price that has already moved.

Stage
Deteriorating
fundamental trajectory, 12 quarters
Price
₹741
−16.3% 1Y
P/E
23.3×
83rd pctile
of its own 10-year range
Revenue (Jun 26)
₹280 Cr
+85.4% YoY
Profit (Jun 26)
₹42.0 Cr
−54.8% YoY
Operating margin
39.0%
−46.0 pp YoY
ROCE
19%
FY26
ROIC
9.8%
vs WACC 12.0% → −2.2 pp
Cash conversion
92%
of profit, last 3 FY
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Ganesh Housing Ltd trades at ₹741, in a downtrend and 61 weeks into that stage. That is −3.6% against its own 200-day average. It sits at 59% of a 52-week range of ₹547 to ₹874. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (1 week and counting).

Today the stock is in a downtrend — week 61 of stage 4. At ₹741 it trades −3.6% versus its 200-day average and sits at 59% of its 52-week range (₹547–₹874).

Jul 26: ₹741 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
−3.6% versus the 200-day line, week 61 of stage 4
Price50-day avg200-day avg
S2S2S4₹1,529₹1,213₹896₹580₹264₹741₹768Jul 23May 24Feb 25Nov 25Jul 26
S2S2S4₹1,529₹1,213₹896₹580₹264₹741₹768Jul 23Feb 25Jul 26
Beating or trailing, week by week since 2016 Each cell is one week from 2016 to now (546 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Mar 16Jul 26

Against the market, two honest reads. Cumulative: over the last 10.4 years the stock moved +975% while the NIFTY 500 moved +276% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (1 week and counting; last ahead the week of 2026-07-24) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Ganesh Housing Ltd trades at 23.3× P/E, at the pricey end of its own range (83rd percentile). Its long-run median P/E is 12.6×, measured across 10.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 23.3× is at the pricey end of its own range (83rd percentile), against a long-run median of 12.6× measured over 10.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 23.3× vs a 12.6× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 10.4-year window; loss-period spikes above 35× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
at the pricey end of its own range (83rd percentile)
P/EMedianEPS (TTM) (quarterly)
37.5×₹77.328.7×₹58.019.8×₹38.711.0×₹19.32.2×₹0.0×23.30×₹32Mar 16Mar 18Aug 22Aug 24Jul 26
37.5×₹77.328.7×₹58.019.8×₹38.711.0×₹19.32.2×₹0.0×23.30×₹32Mar 16Aug 22Jul 26
PEG 1.55 PEG ratio per quarter — the P/E divided by the earnings-growth rate. The dashed line marks 1.0: below it the growth is cheap against the multiple, above it the price already prices the growth in. Computed here as quarter-end P/E ÷ trailing-twelve-month EPS growth (only quarters with positive growth), because a reported quarterly PEG is not held for this stock. Last 9 quarters.
above 1.0, the multiple already banks the growth
PEGPEG = 1.0
1.7×1.3×0.8×0.4×0.0××1.55×Q2 FY24Q4 FY24Q2 FY25Q4 FY25Q2 FY26
1.7×1.3×0.8×0.4×0.0××1.55×Q2 FY24Q2 FY25Q2 FY26
P/E
23.3×
83rd percentile of 10y
PEG
n/m
not derivable — 3-year earnings growth unavailable

🚨 Why the multiple sits where it does: over the past year annual EPS moved −47.1% against a −16.3% price move — the price outran earnings, pushing the multiple UP its own range.

The price move, decomposed: over 10y, of the +23.8%/yr price move, ~+10.0%/yr came from earnings growth and ~+13.8 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.

03 · Stage: Deteriorating

Stage: Deteriorating Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Ganesh Housing Ltd reads as deteriorating on its fundamental arc. Deteriorating — revenue, profit and EPS growth are shrinking (revenue growth −28.6% latest against +44.4% at its 12-quarter best), ROCE slipping at 19.4%. The read is built from 12 quarters across 4 curves, on full evidence.

Growth, year by year: revenue −46.7% in FY26, profit −47.2% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn. Turnaround-year spikes shown pinned (▲).
Revenue YoYProfit YoYEPS YoY
142%348%91%174%40%0.0%−11%−174%−62%−348%%%−46.7%−47.2%FY16FY21FY26
142%348%91%174%40%0.0%−11%−174%−62%−348%%%−46.7%−47.2%FY16FY21FY26
Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. Base-effect spikes shown pinned (▲). A missing point means that reading is not held for the quarter.
the trajectory the stage is read from · revenue rolling over, profit rolling over
RevenueProfitEPS
52%328%25%226%−1.1%123%−28%20%−54%−82%%%−28.6%−54.1%−54.1%Sep 23Dec 24Jun 26
52%328%25%226%−1.1%123%−28%20%−54%−82%%%−28.6%−54.1%−54.1%Sep 23Dec 24Jun 26
ROCE Trailing-twelve-month operating profit (before interest and tax) as a share of average capital employed — total assets minus current liabilities, the standard textbook basis, %.
the return curve, computed quarterly
ROCE
57%47%37%27%17%%19.4%Sep 23Mar 24Dec 24Sep 25Jun 26
57%47%37%27%17%%19.4%Sep 23Dec 24Jun 26
Revenue growth
Falling
latest −28.6% · span −46.7% to +44.4%
Profit growth
Falling
latest −54.1% · span −54.1% to +356.4%
EPS growth
Falling
latest −54.1% · span −54.1% to +360.8%
ROCE
Rolling over
latest 19.4% · span 19.4%–54.2%

🚨 Why it matters: falling curves mean every cheap-looking ratio below needs a discount for direction.

Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue−46.7%−6.0%+24.9%+4.8%
Profit−47.2%+45.8%+16.3%
EPS−47.1%+45.8%+11.7%
Share price−16.3%+17.2%+47.2%+23.8%
Revenue YoY (Jun 26)
+85.4%
latest quarter vs a year ago
Profit YoY (Jun 26)
−54.8%
latest quarter vs a year ago
Revenue 10y
4.8%
long-run compound pace
04 · 4-Factor Sector Score

4-Factor Sector Score

40.6/100 — rank 19 of 26 in Realty - Construction & Contracting · 94% evidence confidence

Ganesh Housing Ltd scores 40.6 out of 100 against the 26 companies it is compared with in Realty - Construction & Contracting, ranking 19. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 4.2 + 18 + 12.8 + 5.6 = 40.6. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

05 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

Ganesh Housing Ltd reported ₹280 Cr of revenue in the Jun 26 quarter, +85.4% year on year. Over 10 years it has compounded at 4.8% a year. The last full year, FY26, came in at ₹511 Cr. The last four reported quarters add to ₹640 Cr.

FY26 revenue came in at ₹511 Cr (−46.7% on the year), capping 10 years at 4.8% compound. The latest quarter (Jun 26) printed ₹280 Cr, +85.4% year on year.

FY26 revenue ₹511 Cr (−46.7% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
4.8% a year over 10 years
RevenueYoY growth
1.0k142%77791%51840%259−11%0−62%₹ Cr%₹511−46.7%FY16FY21FY26
1.0k142%77791%51840%259−11%0−62%₹ Cr%₹511−46.7%FY16FY21FY26
Jun 26: ₹280 Cr (+85.4% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Revenue (quarterly)YoY growth
302189%227121%15153%76−15%0−83%₹ Cr%₹28085.4%Sep 23Dec 24Jun 26
302189%227121%15153%76−15%0−83%₹ Cr%₹28085.4%Sep 23Dec 24Jun 26

Pace check: the last four quarters averaged −17.0% growth against the decade's 4.8% — the current year is running slower than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew −28.6% over the last 4 quarters against −12.5%/yr over the last 8 — rolling over; TTM profit −54.1% vs −20.0%/yr — rolling over.

06 · Operating margin

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Ganesh Housing Ltd's operating margin is 39.0% in the Jun 26 quarter, −46.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 13 fiscal years the operating margin has ranged −29.0% to 83.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 39.0%, −46.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −29.0%–83.0%, and FY26's 83.0% is the top of that band — a record year.

🚨 Why the margin moved: operating margin went −45.6 pp year on year while gross margin went −45.8 pp — the loss came mostly from the gross line: input costs and pricing.

Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.

FY26: 83.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 13-year window.
the widest a −29.0–83.0% band over 13 years
operating marginYoY change (pp)
92%73%59%41%27%8.5%−5.5%−24%−38%−56%%%83%2%FY14FY20FY26
92%73%59%41%27%8.5%−5.5%−24%−38%−56%%%83%2%FY14FY20FY26
Jun 26: 39.0% operating margin (−46.0 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
90%38%76%16%63%−7.0%49%−30%35%−52%%%39%−46%Sep 23Dec 24Jun 26
90%38%76%16%63%−7.0%49%−30%35%−52%%%39%−46%Sep 23Dec 24Jun 26
07 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Ganesh Housing Ltd earned ₹42.0 Cr of net profit in the Jun 26 quarter, −54.8% year on year. Full-year FY26 profit was ₹316 Cr. The 10-year compound rate is 16.3%. That is 15.0% of the quarter's revenue. The same quarter a year earlier earned ₹93.0 Cr.

Jun 26 profit was ₹42.0 Cr, −54.8% year on year. On the full year, FY26 printed ₹316 Cr (−47.2%), and the 10-year compound rate is 16.3%.

FY26 profit ₹316 Cr (−47.2% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
16.3% a year over 10 years
Net profitYoY growth
655424%447164%239−96%31−356%−177−616%₹ Cr%₹316−47.2%FY16FY21FY26
655424%447164%239−96%31−356%−177−616%₹ Cr%₹316−47.2%FY16FY21FY26
Jun 26: ₹42.0 Cr (−54.8% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Net profit (quarterly)YoY growth
178386%134265%89143%4522%0−100%₹ Cr%₹42−54.8%Sep 23Dec 24Jun 26
178386%134265%89143%4522%0−100%₹ Cr%₹42−54.8%Sep 23Dec 24Jun 26

🚨 Why profit moved: revenue contributed +85.4% and the margin −46.0 pp — the quarter was revenue-led despite a thinner margin.

Pace comparison, last four quarters: profit −54.0% vs revenue −17.0%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.

08 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 92% of Ganesh Housing Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹213 Cr of operating cash against ₹316 Cr of profit. After ₹184 Cr of capital spending, ₹29.0 Cr was left as free cash.

FY26: operating cash of ₹213 Cr against reported profit of ₹316 Cr, leaving free cash of ₹29.0 Cr after ₹184 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 92% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY26: CFO ₹213 Cr vs profit ₹316 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 11-year window, annual resolution.
92% of 3-year profit arrived as cash
Operating cashNet profitFree cash
69947925939−181₹ Cr₹213₹316₹29FY16FY21FY26
69947925939−181₹ Cr₹213₹316₹29FY16FY21FY26
FY26: CFO = 67% of profit (three-year rate 92%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash; outlier years shown pinned.
Conversion100%
322%243%165%87%8.4%%67%FY16FY21FY26
322%243%165%87%8.4%%67%FY16FY21FY26

Why conversion sits at 92%: the cash cycle stretched 3,673 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving.

Router verdict: the bigger cash user is investment — capital spending ran 33.9× depreciation over three years, so the next section's job is to check what that build-out is buying.

09 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Ganesh Housing Ltd's cash conversion cycle runs 4,463 days in FY26, up from 790 days in FY21. Capital spending ran ₹711 Cr over the last 3 years. At FY26 sales of ₹511 Cr each day of that cycle holds about ₹1.4 Cr, so roughly ₹6,248 Cr sits inside the business at any moment.

FY26: debtors at 208 days, inventory at 4,614 days — roughly 151.8 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 4,463 days, looser than FY21's 790.

The full loop: cash goes out to suppliers and production on day 0; stock waits 4,614 days to sell; customers pay about 208 days after that; and suppliers themselves are paid at 359 days — netting out to the 4,463-day cycle.

In money terms: at FY26 sales of ₹511 Cr, each day of the cycle holds about ₹1.4 Cr — so the 4,463-day loop keeps roughly ₹6,248 Cr sitting inside the business at any moment.

FY26: a 4,463-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 13-year window.
+3,673 days vs FY21
Cash cycleInventory daysDebtor daysPayable days
4,9833,6452,307969−369days4,463d4,614d208d359dFY14FY17FY20FY23FY26
4,9833,6452,307969−369days4,463d4,614d208d359dFY14FY20FY26

On the investment side: capital spending of ₹711 Cr over the last 3 fiscal years against ₹21.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹540 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹184 Cr, work-in-progress ₹540 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
a build-out
CapexWork-in-progress
584423263102−59₹ Cr₹184₹540FY16FY18FY21FY23FY26
584423263102−59₹ Cr₹184₹540FY16FY21FY26

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

10 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Ganesh Housing Ltd earns a ROCE of 19% in FY26. That is up from a trough of −4% in FY20. Return on invested capital clears the cost of that capital by −2.2 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 61.8% net margin on 0.18× asset turns.

FY26 ROCE is 19%, recovered from a FY20 trough of −4% — the full ladder below shows the fall and the climb, undoctored.

🚨 Why the return is what it is — the wiring (FY26): 61.8% net margin × 0.18× asset turns × 1.21× balance-sheet leverage ≈ 13.5% on equity. Margin is doing the heavy lifting; leverage is modest — this is an earned return, not a borrowed one.

The capstone test — ROIC − WACC: 9.8% − 12.0% = a −2.2 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.

FY26: ROCE 19% Return on capital employed by fiscal year, % (line); ROIC by fiscal year, % (line). 13-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY20's −4%
ROCEROIC (annual)WACC
49%35%21%6.3%−7.9%%19%13.3%FY14FY20FY26
49%35%21%6.3%−7.9%%19%13.3%FY14FY20FY26
Q4 FY26: ROCE 16.7% (TTM) vs WACC 12.0% Trailing-twelve-month ROCE and ROIC, per quarter, %; dashed line = the cost of capital. Last 12 quarters, put on a trailing-twelve-month basis and anchored to the annual figure.
ROCE (TTM)ROIC (TTM)WACC
50%39%28%18%6.9%%16.7%22.6%Q1 FY24Q2 FY25Q4 FY26
50%39%28%18%6.9%%16.7%22.6%Q1 FY24Q2 FY25Q4 FY26
11 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.

Ganesh Housing Ltd carries total debt of ₹305 Cr against shareholder equity of ₹2,331 Cr as of Mar 26, a debt-to-equity of 0.13 — effectively unlevered. On the annual view that ratio went from 0.16 in FY22 to 0.13 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.

Mar 26: total debt of ₹305 Cr against shareholder equity of ₹2,331 Cr — a debt-to-equity of 0.13. On the annual view, debt-to-equity went from 0.16 (FY22) to 0.13 (FY26). The returns on this page are earned, not borrowed.

FY26: debt ₹305 Cr at 0.13× equity Total debt by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 5-year window.
Total debtDebt-to-equity
3290.17×2470.13×1650.09×820.04×00.00×₹ Cr×₹3050.13×FY22FY24FY26
3290.17×2470.13×1650.09×820.04×00.00×₹ Cr×₹3050.13×FY22FY24FY26
Mar 26: debt ₹305 Cr, debt-to-equity 0.13 Total debt per quarter, ₹ Cr (bars); debt-to-equity, × (line). Last 12 quarters. India reports the full balance sheet half-yearly, so the intervening quarter carries the prior reading forward.
Total debt (quarterly)Debt-to-equity
3290.14×2470.10×1650.07×820.03×0−0.01×₹ Cr×₹3050.13×Jun 23Sep 24Mar 26
3290.14×2470.10×1650.07×820.03×0−0.01×₹ Cr×₹3050.13×Jun 23Sep 24Mar 26
12 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

No holder of Ganesh Housing Ltd moved a full percentage point over the last two years — the register is quiet. Domestic institutions moved +0.3 points over the same window, to 0.3%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Foreign institutions: −0.5 points over 8 quarters to 0.6%; Domestic institutions: +0.3 points over 8 quarters to 0.3%; Promoters: +0.0 points over 8 quarters to 73.1%.

Fiscal-year ends: promoters +0.0 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersForeign inst.Domestic inst.Public
79%58%37%15%−5.8%%73.1%0.7%0.3%25.9%Mar 24Mar 25Mar 26
79%58%37%15%−5.8%%73.1%0.7%0.3%25.9%Mar 24Mar 25Mar 26
A quiet register: no holder moved a full point in two years Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersForeign inst.Domestic inst.Public
79%58%37%15%−5.8%%73.1%0.6%0.3%26.0%Jun 23Dec 24Jun 26
79%58%37%15%−5.8%%73.1%0.6%0.3%26.0%Jun 23Dec 24Jun 26
13 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Ganesh Housing Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

14 · Related companies · Realty - Construction & Contracting
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Ashiana Housing LtdASHIANA 64.2/100Mixed-positive evidence96% evidence LEADER 26.4/35 Revenue 100% · PAT 100% · OPM change -2 pp 88% evidence 13.4/25 ROCE 14.4% · OPM 6% 100% evidence 5.5/20 P/E 33.3× · PEG 4.68 100% evidence 18.9/20 RS sector 20.7% · RS bench 19.2% · 1Y 23.5%12 of 12 weeks ahead 100% evidence
Exact sum: 26.4 + 13.4 + 5.5 + 18.9 = 64.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Arihant Foundations & Housing LtdARIHANT 62.8/100Mixed-positive evidence77% evidence TURNING 18.8/35 Revenue 100% · PAT 41.9% · OPM change -17.1 pp 83% evidence 17.4/25 ROCE 17.5% · OPM 7.5% 95% evidence 10.7/20 P/E 19.3× · PEG — 50% evidence 15.9/20 RS sector 10.4% · RS bench 6.5% · 1Y -1.6%2 of 10 weeks ahead 70% evidence
Exact sum: 18.8 + 17.4 + 10.7 + 15.9 = 62.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3AGI Infra LtdAGIIL 61.8/100Mixed-positive evidence89% evidence FADING 20.2/35 Revenue 8.6% · PAT 43.9% · OPM change 5 pp 88% evidence 19.9/25 ROCE 20.1% · OPM 24% 100% evidence 10.8/20 P/E 41.1× · PEG 1.37 65% evidence 10.9/20 RS sector 4.1% · RS bench 3% · 1Y 46.1%8 of 12 weeks ahead 100% evidence
Exact sum: 20.2 + 19.9 + 10.8 + 10.9 = 61.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Kesar India Ltd543542 61.2/100Mixed-positive evidence67% evidence TURNING 18.4/35 Revenue 91.9% · PAT 12.6% · OPM change 16 pp 71% evidence 19.8/25 ROCE 23.4% · OPM 24% 76% evidence 8.8/20 P/E 133× · PEG — 15% evidence 14.2/20 RS sector 20% · RS bench 19.4% · 1Y 81.4%3 of 12 weeks ahead 100% evidence
Exact sum: 18.4 + 19.8 + 8.8 + 14.2 = 61.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Shriram Properties LtdSHRIRAMPPS 56.6/100Mixed-positive evidence83% evidence ASLEEP 23.4/35 Revenue 53.8% · PAT 32.5% · OPM change -1 pp 83% evidence 9.9/25 ROCE 8% · OPM 11% 95% evidence 12.9/20 P/E 14.2× · PEG — 50% evidence 10.4/20 RS sector -0.7% · RS bench -2.2% · 1Y -12.1%7 of 12 weeks ahead 100% evidence
Exact sum: 23.4 + 9.9 + 12.9 + 10.4 = 56.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6Capacite Infraprojects LtdCAPACITE 56.0/100Mixed-positive evidence77% evidence ASLEEP 18.0/35 Revenue 11.6% · PAT -4.9% · OPM change 2 pp 83% evidence 17.3/25 ROCE 15.5% · OPM 15% 95% evidence 13.8/20 P/E 9.6× · PEG — 50% evidence 6.9/20 RS sector -7.6% · RS bench -16.3% · 1Y -32.6%2 of 10 weeks ahead 70% evidence
Exact sum: 18 + 17.3 + 13.8 + 6.9 = 56 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7Geecee Ventures LtdGEECEE 53.7/100Mixed-positive evidence83% evidence BREAKING OUT 14.8/35 Revenue -44.4% · PAT -12.5% · OPM change 59 pp 83% evidence 10.7/25 ROCE 6.3% · OPM 87% 95% evidence 9.8/20 P/E 17.5× · PEG — 50% evidence 18.4/20 RS sector 7.8% · RS bench 6.1% · 1Y -5.1%11 of 12 weeks ahead 100% evidence
Exact sum: 14.8 + 10.7 + 9.8 + 18.4 = 53.7 · Decision use: Price leads the evidence: RS versus the benchmark is 6.1%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
8Hubtown LtdHUBTOWN 52.4/100Mixed-positive evidence73% evidence ASLEEP 25.3/35 Revenue 57.8% · PAT 100% · OPM change 40 pp 88% evidence 10.8/25 ROCE 9.5% · OPM 49% 100% evidence 10.5/20 P/E 18.2× · PEG — 15% evidence 5.8/20 RS sector -10.6% · RS bench -24.3% · 1Y -39.6%0 of 10 weeks ahead 70% evidence
Exact sum: 25.3 + 10.8 + 10.5 + 5.8 = 52.4 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -10.6% and the one-year return is -39.6%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
9Sunteck Realty LtdSUNTECK 50.8/100Mixed-positive evidence93% evidence ASLEEP 25.7/35 Revenue 55.5% · PAT 31.1% · OPM change 10 pp 100% evidence 8.4/25 ROCE 7.5% · OPM 35% 100% evidence 13.9/20 P/E 20.8× · PEG 0.87 65% evidence 2.8/20 RS sector -19% · RS bench -20.2% · 1Y -28%0 of 12 weeks ahead 100% evidence
Exact sum: 25.7 + 8.4 + 13.9 + 2.8 = 50.8 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -19% and the one-year return is -28%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
10Puravankara LtdPURVA 50.6/100Thin evidence · provisional58% evidence ASLEEP 24.0/35 Revenue 85.7% · PAT 100% · OPM change 14 pp 62% evidence 11.2/25 ROCE 11.2% · OPM 20% 76% evidence 9.1/20 P/E 78.5× · PEG — 15% evidence 6.3/20 RS sector -13.6% · RS bench -11.5% · 1Y -23.2%5 of 10 weeks ahead 70% evidence
Exact sum: 24 + 11.2 + 9.1 + 6.3 = 50.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
11Ajmera Realty & Infra India LtdAJMERA 50.5/100Mixed-positive evidence72% evidence TURNING 20.5/35 Revenue 47.7% · PAT 24.6% · OPM change -4 pp 83% evidence 16.3/25 ROCE 14.3% · OPM 25% 76% evidence 10.1/20 P/E 16.6× · PEG — 50% evidence 3.6/20 RS sector -24.9% · RS bench -21.2% · 1Y -32.6%3 of 11 weeks ahead 70% evidence
Exact sum: 20.5 + 16.3 + 10.1 + 3.6 = 50.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
12Suratwwala Business Group LtdSBGLP 50.5/100Thin evidence · provisional56% evidence 18.3/35 Revenue 100% · PAT 100% · OPM change 45 pp 40% evidence 12.3/25 ROCE 12.4% · OPM 37% 71% evidence 14.3/20 P/E 16.8× · PEG — 50% evidence 5.6/20 RS sector -15.1% · RS bench -14.8% · 1Y -31.9%2 of 12 weeks ahead to 2026-04-19 70% evidence
Exact sum: 18.3 + 12.3 + 14.3 + 5.6 = 50.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
13Eldeco Housing & Industries LtdELDEHSG 50.2/100Mixed-positive evidence77% evidence ASLEEP 18.2/35 Revenue 23.1% · PAT 12.9% · OPM change -4.7 pp 83% evidence 11.8/25 ROCE 7.7% · OPM 10.9% 95% evidence 6.5/20 P/E 31.3× · PEG — 50% evidence 13.7/20 RS sector 28.2% · RS bench -9.7% · 1Y 1.8%0 of 10 weeks ahead 70% evidence
Exact sum: 18.2 + 11.8 + 6.5 + 13.7 = 50.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
14Suraj Estate Developers LtdSURAJEST 49.6/100Mixed-negative evidence83% evidence ASLEEP 15.7/35 Revenue 1.3% · PAT -10% · OPM change 28 pp 83% evidence 17.2/25 ROCE 14.5% · OPM 50% 95% evidence 14.1/20 P/E 10.4× · PEG — 50% evidence 2.6/20 RS sector -18.5% · RS bench -19.8% · 1Y -38.1%0 of 12 weeks ahead 100% evidence
Exact sum: 15.7 + 17.2 + 14.1 + 2.6 = 49.6 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
15Raymond LtdRAYMOND 49.0/100Mixed-negative evidence65% evidence TURNING 19.1/35 Revenue 13.6% · PAT -29.8% · OPM change 4 pp 83% evidence 9.5/25 ROCE 3.1% · OPM 12% 76% evidence 11.5/20 P/E 0.7× · PEG — 15% evidence 8.9/20 RS sector -18.2% · RS bench 14% · 1Y -17.5%10 of 10 weeks ahead 70% evidence
Exact sum: 19.1 + 9.5 + 11.5 + 8.9 = 49 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
16Arvind SmartSpaces LtdARVSMART 48.5/100Mixed-negative evidence78% evidence ASLEEP 13.3/35 Revenue -20.9% · PAT -14.2% · OPM change 17 pp 83% evidence 15.8/25 ROCE 12.9% · OPM 38% 76% evidence 9.1/20 P/E 28.2× · PEG — 50% evidence 10.3/20 RS sector -0.2% · RS bench -1.6% · 1Y -5.2%5 of 12 weeks ahead 100% evidence
Exact sum: 13.3 + 15.8 + 9.1 + 10.3 = 48.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
17Hemisphere Properties India LtdHEMIPROP 42.0/100Mixed-negative evidence62% evidence TURNING 18.9/35 Revenue 9.9% · PAT -49.2% · OPM change 408.3 pp 65% evidence 0.5/25 ROCE -1.1% · OPM -900% 100% evidence 10.0/20 P/E — · PEG — 0% evidence 12.6/20 RS sector 6.5% · RS bench -5.8% · 1Y 1.8%2 of 10 weeks ahead 70% evidence
Exact sum: 18.9 + 0.5 + 10 + 12.6 = 42 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
18PVP Ventures LtdPVP 40.8/100Mixed-negative evidence65% evidence FADING 20.1/35 Revenue 100% · PAT -16.2% · OPM change -10 pp 62% evidence 6.0/25 ROCE 6.2% · OPM 17.4% 95% evidence 10.0/20 P/E — · PEG — 0% evidence 4.7/20 RS sector -9.5% · RS bench -10.6% · 1Y 27%5 of 12 weeks ahead 100% evidence
Exact sum: 20.1 + 6 + 10 + 4.7 = 40.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
19Ganesh Housing Ltdthis pageGANESHHOU 40.6/100Mixed-negative evidence94% evidence TURNING 4.2/35 Revenue -28.6% · PAT -54.1% · OPM change -46 pp 100% evidence 18.0/25 ROCE 18.8% · OPM 39% 100% evidence 12.8/20 P/E 23.3× · PEG 0.31 100% evidence 5.6/20 RS sector -19.7% · RS bench -4.1% · 1Y -16.6%8 of 10 weeks ahead 70% evidence
Exact sum: 4.2 + 18 + 12.8 + 5.6 = 40.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
20Valor Estate LtdDBREALTY 38.8/100Mixed-negative evidence81% evidence BREAKING OUT 19.0/35 Revenue 81.6% · PAT 100% · OPM change -86.8 pp 65% evidence 6.1/25 ROCE 1.6% · OPM -91% 100% evidence 4.4/20 P/E 237.7× · PEG 4.19 65% evidence 9.3/20 RS sector -11.1% · RS bench -12.9% · 1Y -38.9%9 of 12 weeks ahead 100% evidence
Exact sum: 19 + 6.1 + 4.4 + 9.3 = 38.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
21Omaxe LtdOMAXE 34.8/100Thin evidence · provisional59% evidence TURNING 8.6/35 Revenue -19.7% · PAT -1.6% · OPM change -38 pp 62% evidence 1.9/25 ROCE -110% · OPM -58% 95% evidence 10.0/20 P/E — · PEG — 0% evidence 14.3/20 RS sector 4% · RS bench 6.5% · 1Y -8.5%1 of 10 weeks ahead 70% evidence
Exact sum: 8.6 + 1.9 + 10 + 14.3 = 34.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
22Keystone Realtors LtdRUSTOMJEE 33.9/100Adverse evidence72% evidence TURNING 12.8/35 Revenue 31.4% · PAT -49.7% · OPM change -3 pp 83% evidence 8.6/25 ROCE 4.7% · OPM 5% 76% evidence 6.6/20 P/E 64× · PEG — 50% evidence 5.9/20 RS sector -11.6% · RS bench -18.8% · 1Y -36%0 of 10 weeks ahead 70% evidence
Exact sum: 12.8 + 8.6 + 6.6 + 5.9 = 33.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
23Peninsula Land LtdPENINLAND 33.8/100Adverse evidence65% evidence BASING 13.0/35 Revenue -44.4% · PAT -80% · OPM change -12.7 pp 62% evidence 6.7/25 ROCE 5.3% · OPM -15% 95% evidence 10.0/20 P/E — · PEG — 0% evidence 4.1/20 RS sector -34.4% · RS bench -35.9% · 1Y -59.3%0 of 12 weeks ahead 100% evidence
Exact sum: 13 + 6.7 + 10 + 4.1 = 33.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
24SignatureGlobal India LtdSIGNATURE 32.5/100Adverse evidence86% evidence ASLEEP 15.8/35 Revenue 3.9% · PAT 100% · OPM change -3 pp 83% evidence 4.4/25 ROCE 2.6% · OPM 5% 95% evidence 5.1/20 P/E 322× · PEG 3.94 65% evidence 7.2/20 RS sector -14.1% · RS bench -15.3% · 1Y -30.8%0 of 12 weeks ahead 100% evidence
Exact sum: 15.8 + 4.4 + 5.1 + 7.2 = 32.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
25Kolte Patil Developers LtdKOLTEPATIL 30.0/100Adverse evidence70% evidence ASLEEP 3.4/35 Revenue -57.2% · PAT -80% · OPM change -17.4 pp 88% evidence 5.2/25 ROCE -0.3% · OPM -2.4% 100% evidence 10.0/20 P/E — · PEG — 0% evidence 11.4/20 RS sector 1.1% · RS bench -1.8% · 1Y -13.5%3 of 10 weeks ahead 70% evidence
Exact sum: 3.4 + 5.2 + 10 + 11.4 = 30 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
26Laxmi Goldorna House LtdLGHL 52.3/100Thin evidence · provisional48% evidence ASLEEP 16.3/35 Revenue — · PAT — · OPM change -1.5 pp 19% evidence 16.3/25 ROCE 17% · OPM 18.2% 95% evidence 9.0/20 P/E 87.5× · PEG — 15% evidence 10.7/20 RS sector 4.8% · RS bench -26.9% · 1Y -38.3%0 of 10 weeks ahead 70% evidence
Exact sum: 16.3 + 16.3 + 9 + 10.7 = 52.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

15 · Frequently asked questions

Frequently asked questions

What is Ganesh Housing Ltd's share price today?

Ganesh Housing Ltd trades at ₹741, −16.3% over the past year. The company is valued at ₹6,176 Cr. The stock sits at 59% of its 52-week range of ₹547–₹874, −3.6% versus its 200-day average. On the tape, the price is in a downtrend, 61 weeks in. — as of 31 July 2026.

What were Ganesh Housing Ltd's latest quarterly results?

Ganesh Housing Ltd reported revenue of ₹280 Cr and net profit of ₹42.0 Cr for the Jun 26 quarter. Revenue rose 85.4% and profit fell 54.8% year on year. Earnings per share were ₹5.03. The operating margin was 39.0%, 46.0 pp lower than a year earlier. — as of 31 July 2026.

What is Ganesh Housing Ltd's revenue?

Ganesh Housing Ltd reported revenue of ₹280 Cr in the Jun 26 quarter, +85.4% year on year. For the full FY26 fiscal year, revenue was ₹511 Cr (−46.7%). Over the last 10 years revenue compounded at 4.8% a year. — as of 31 July 2026.

What is Ganesh Housing Ltd's profit?

Ganesh Housing Ltd earned ₹42.0 Cr of net profit in the Jun 26 quarter, −54.8% year on year. Full-year FY26 profit was ₹316 Cr. The operating margin ran 39.0% in the latest quarter. — as of 31 July 2026.

What is Ganesh Housing Ltd's market cap?

Ganesh Housing Ltd's market capitalisation is ₹6,176 Cr at a share price of ₹741. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 31 July 2026.

What is Ganesh Housing Ltd's P/E ratio?

Ganesh Housing Ltd trades at a P/E of 23.3×, at the 83rd percentile of its own 10-year range, against a long-run median of 12.6×. This is a comparison with the stock's own history, not a value call — as of 31 July 2026.

Does Ganesh Housing Ltd pay a dividend?

Yes — Ganesh Housing Ltd's dividend payout was 4% of profit in FY26, and it recorded a payout in 10 of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 31 July 2026.

Is Ganesh Housing Ltd overvalued?

On its own history, Ganesh Housing Ltd looks expensive against its own history: its P/E of 23.3× sits at the 83rd percentile of its 10-year range (long-run median 12.6×). That is a percentile read against the stock's own past, not a price opinion or a direction call. One caveat: margins are the best this company has ever printed — cheap on record margins is not the same thing as cheap. — as of 31 July 2026.

Is Ganesh Housing Ltd growing?

Not right now — Ganesh Housing Ltd's latest numbers are shrinking: latest-quarter revenue +85.4% year on year, profit −54.8%, and the margin −46.0 pp at 39.0%. The 10-year compound rates are 4.8% (revenue) and 16.3% (profit). The earnings engine currently reads: deteriorating — as of 31 July 2026.

How is Ganesh Housing Ltd performing?

Ganesh Housing Ltd is in a downtrend, 61 weeks in. Its latest quarter's revenue rose 85.4% and profit fell 54.8% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 1 week. This describes what the data did, not a rating. — as of 31 July 2026.

What stage is Ganesh Housing Ltd in?

Deteriorating — revenue, profit and EPS growth are shrinking (revenue growth −28.6% latest against +44.4% at its 12-quarter best), ROCE slipping at 19.4%. The read comes from the last 12 quarters of growth (revenue growth −28.6% latest, profit growth −54.1% latest, eps growth −54.1% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 31 July 2026.

Is Ganesh Housing Ltd in an uptrend?

No — the price is in a downtrend (week 61 of stage 4), trading −3.6% versus its 200-day average and at 59% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 31 July 2026.

Is Ganesh Housing Ltd beating the market?

Not lately — on a trailing-13-week view Ganesh Housing Ltd is currently behind the NIFTY 500 (1 week and counting; last ahead the week of 2026-07-24), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.4 years the stock moved +975% against the NIFTY 500's +276% — ahead of the index over the full window. — as of 31 July 2026.

Will Ganesh Housing Ltd's share price go up?

This page publishes no price forecast for Ganesh Housing Ltd. What it measures instead: the share price is ₹741, the price is in a downtrend 61 weeks in. Its P/E of 23.3× sits at the 83rd percentile of its own 10-year range. — as of 31 July 2026.

Who owns Ganesh Housing Ltd?

Promoters hold 73.1% of Ganesh Housing Ltd, foreign institutions 0.6%, domestic institutions 0.3% and the public 26.0% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 31 July 2026.

Does Ganesh Housing Ltd have too much debt?

No — Ganesh Housing Ltd's debt-to-equity is 0.13, and operating profit covers the interest bill north of 100×. FY26 borrowings were ₹305 Cr against equity of ₹2,331 Cr. The returns on this page are earned, not borrowed — as of 31 July 2026.

What is Ganesh Housing Ltd's capex?

Ganesh Housing Ltd spent ₹711 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹184 Cr, with ₹540 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 31 July 2026.

What is Ganesh Housing Ltd's cash flow?

Ganesh Housing Ltd generated ₹213 Cr of operating cash flow in FY26 and ₹29.0 Cr of free cash flow after ₹184 Cr of capital spending. Reported profit that year was ₹316 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 31 July 2026.

Is Ganesh Housing Ltd's profit real cash?

Yes — over the last 3 fiscal years, 92% of Ganesh Housing Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹213 Cr against reported profit of ₹316 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 31 July 2026.

Where is Ganesh Housing Ltd in its business cycle?

Ganesh Housing Ltd's FY26 operating margin was 83.0%, against a 13-year band of −29.0%–83.0%: the top of the band — a record year. Record profitability is late-cycle territory: every ratio flatters at the top, and the story leans on margins holding. The latest quarter ran 39.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 31 July 2026.

What could break the Ganesh Housing Ltd story?

The sharpest disagreement: the price moved −16.3% in a year while annual EPS moved −47.1% — the difference is re-rating, and re-rating has to be repaid with earnings. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 31 July 2026.

Is Ganesh Housing Ltd a stock worth studying right now?

This is not investment advice. The machine read: Ganesh Housing Ltd's price has outrun its earnings. −16.3% in a year against EPS −47.1% — the market is paying now for delivery later. The sharpest open question: whether earnings grow into a price that has already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 31 July 2026.

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