Ganesh Housing Corporation Ltd (526367) closes at ₹ 671.30 with a Gain of +11.60 % on
on 20-January-2024 with formation of a Green Candle
on Daily Price Chart.
About the Company : Ganesh Housing Corporation Limited (earlier known
as Ganesh Housing Finance Corporation Limited) is a part of the Ganesh Group
founded in 1991. GHCL has built a strong presence in and around Ahmedabad. GHCL
has developed and sold over 22 million sq. ft. of real estate space, with
another 2.5 million sq. ft. currently under development.
Sector Update
: Positive
Trendlyne Checklist Score : 60.90% Passed
Financials : Ganesh Housing Corporation Ltd has posted
Net Sales / Revenue of ₹383.60
Cr & Net Profit of ₹71.00Cr
in FY2022, Net Sales / Revenue of ₹616.00
Cr & Net Profit of ₹102.00 Cr
in FY2023 and expected to post Net Sales / Revenue of ₹795.00
Cr & Net Profit of ₹387.00 Cr in FY2024 .
Valuations :
The Company is now Trading at X 1.40 of
its valuations
of FY2023 earnings with ~40 % and at X1.03 of its FY2024 earnings
with ~3% Premium.
Company is holding New
Cash of ₹321.40 Cr in its balance sheet
( FY2023). EPS has moderated from 12.49 in FY2022 to 12.00 in FY202; RoE has improved from 9.63 to 9.94 and Book Value
per share has increased from ₹ 94.70 to 133.00 during the same period.
Company is Growing +29.00 % and it’s Payback Ratio ( Prefer < 1 : MultiBagger Finder ) is 1.60, as per our
valuations.
Early Trend : Housing sector is in sunrise phase.
MF/FII
: Mutual Fund – 0.03%. FII – 0.87%
Margin of Safety (1Yr Bond Yield: Value>1 ) is
now 0.70 which indicates entry at lower side .The Equity
Value Per Share ( Enterprise Value Method ) is ₹666.70
If We
factor its FY2024 earnings/valuations, its Price arrives at ₹907 at lower end & ₹1296 at higher end.
Disclaimer : We are / may going to take exposure
shortly.
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