Tuesday, January 23, 2024

Ganesh Housing Corporation Ltd (526367) – Booking High Profits

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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Data Source | NSE Website | Screener.In  | Capital Line | Money Control |Refinitiv |

The author tracks economic, behavioural and corporate tends, hoping to gauge good avenues of return based on Fundamental Valuations of Stocks, a follower of EPV method. You can reach me/us at | Twitter # NiftyNext1 |  e-Mail : Mail@NiftyNext.Com  |  Tel +91 8802230836  |  Telegram # TheNiftyNext  Manage your investments the right way With MProfit. Visit https://www.mprofit.inUse Our Referral Link to Get 20% DISCOUNT @ https://www.mprofit.in/buy?referral=R1GD99J496AB1345D


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