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GANESH HOUSING LIMITED (GANESHHOU)

Finance

Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.65 / 100
Profitability 70Growth 54Balance sheet 70
Momentum scoreHow strong the recent trend is: 3-month price change, 12-month improvement in earnings and the rise in FII + DII holding, among companies above ₹500 cr.32 / 100
Price 44Earnings 3FII/DII 50
Compare withDLF LIMITEDLODHA DEVELOPERS LIMITEDPHOENIX MILLS LTD

Passes these screens: Quality Compounder · Debt-light & profitable · Little growth priced in

Share Price
₹667.75
P/E
21.0x
ROCE
19.0%
Market Cap
₹5566 cr
Revenue (TTM)
₹640 cr
P/S
8.7x
P/B
2.6x
ROE
12.6%
Operating Margin
39.0%
Debt / Equity
0.2x
Promoter Holding
73.1%
12M Momentum
-19.8%
P/E vs its own history59th percentilesince Jan '19
P/E vs Finance1.2xthe sector median

52-week range

₹500.00₹899.70
42% of the way from its 52-week low to its high

Price risk

1Y volatility
35.6%
Beta vs sector
1-year daily
0.99

Balance sheet & cash

Interest cover
operating profit ÷ interest
60.7x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.92x
Share count, 1Y
unchanged

Was the rally earned?

-20%share price, 1 yearEarnings-driven

Mostly earnings.

  • Per-share earnings took off 70 points, while the multiple moved less (P/E 12.0x to 21.0x).
  • The share count barely moved.
1 year Net profit growth: -70 pts. Points of the price return explained by net profit growing (or shrinking).-70 ptsP/E change: +50 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+50 pts -20% 1 year Net profit growth: -70 pts. Points of the price return explained by net profit growing (or shrinking).-70 ptsP/E change: +50 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+50 pts -20%
Net profit growth-70 ptsNet profit fell about 54%, which lowers the price.
P/E change+50 ptsThe P/E rose from 12.0x to 21.0x, which lifts the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+77%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 128 points, but investors now pay less per rupee of profit (P/E 30.9x to 21.0x), which took 52 points back.
  • The share count barely moved.
3 years Net profit growth: +129 pts. Points of the price return explained by net profit growing (or shrinking).+129 ptsP/E change: -52 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.-52 ptsShare count change: -0 pts. Points of the price return explained by the share count changing. More shares count against the price. +77% 3 years Net profit growth: +129 pts. Points of the price return explained by net profit growing (or shrinking).+129 ptsP/E change: -52 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.-52 ptsShare count change: -0 pts. Points of the price return explained by the share count changing. More shares count against the price. +77%
Net profit growth+129 ptsNet profit rose about 160%, which lifts the price.
P/E change-52 ptsThe P/E fell from 30.9x to 21.0x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Not shown for 5 years: earnings were negative at one end, or there is not enough history.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with DLF

Is it expensive against its own past and its peers?

21.0xP/E todayWithin its usual range
Against its own history59th percentileMedian 17.1x; usual range 5.6x to 42.2x since 2019-01.
Against Finance21.0x vs 17.7xAbove the Finance median.
3.3x24.8x46.3x67.8xJan '19Aug '20Mar '22Oct '23May '25Oct '263.3x24.8x46.3x67.8xJan '19Aug '21Mar '24Oct '26
P/E (this company)10th to 90th percentile of its own historyIts medianFinance median

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P/B (this company)10th to 90th percentile of its own historyIts medianFinance median

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P/S (this company)10th to 90th percentile of its own historyIts medianFinance median
How to read this

Shaded band: 10th to 90th percentile of the company's own P/E history; dashed line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).

Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.

All terms explained in the glossary →

How Finance is valued

What is the price implying?

~14%annual earnings growth implied by the priceBelow delivered growth

At normalised P/E (five-year average earnings) of 18.0x, a holder earning 12%/yr needs earnings to grow about 13.6%/yr for 10 years, then trade at 15x.

Delivered26.9%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap−13.4 ptsimplied minus delivered
Rank726thmost demanding of 843

Over time

Implied growth by month (solid) and delivered growth (dashed).

-13%13%40% Jan 2019Oct 2026 -13%13%40% Jan 2019Oct 2026

Change the assumptions

Exit P/E / return11%12%13%
12x15.0%16.1%17.1%
15x12.5%13.6%14.6%
20x9.4%10.4%11.4%
Implied: 13.6%/yr

Looking back

  • Jan 2020Price implied −6%/yr; EPS has since grown 32%/yr (7.0 yrs)

Past comparisons cover only companies listed today (survivorship bias) and say nothing about future outcomes.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect. How this is calculated and the market-wide lists.

What prices imply across Finance The market-wide Expectations lists

What changed?

  1. Oct '26Volume reached 5.4x its 50-day median on 2026-10-01; price -2.8% that day.
  2. Sep '26Slipped to the 2nd quartile of Finance on operating margin (from the top quartile).
  3. Jul '26Volume reached 60.1x its 50-day median on 2026-07-07; price +5.1% that day.
  4. Jun '26Slipped to the bottom quartile of Finance on EPS growth (from the 3rd quartile).
  5. Mar '26Year-on-year EPS growth turned negative.
  6. Mar '26Fell 66% from the Feb 2025 peak to the Mar 2026 low.
  7. Mar '26Slipped to the 3rd quartile of Finance on EPS growth (from the 2nd quartile).
  8. Jan '26Volume reached 9.5x its 50-day median on 2026-01-20; price +1.2% that day.
Show 22 earlier events
  1. Dec '25Slipped to the 2nd quartile of Finance on EPS growth (from the top quartile).
  2. Nov '25Volume reached 121.9x its 50-day median on 2025-11-27; price +6.4% that day.
  3. Sep '25Moved into the top quartile of Finance on EPS growth (from the 2nd quartile).
  4. Jul '25Volume reached 5.7x its 50-day median on 2025-07-07; price +5.7% that day.
  5. Jun '25Slipped to the 2nd quartile of Finance on EPS growth (from the top quartile).
  6. Jun '25Dividend payout cut from 20% to 7% of profit.
  7. May '25Volume reached 13.4x its 50-day median on 2025-05-14; price -2.6% that day.
  8. Jan '25Volume reached 10.6x its 50-day median on 2025-01-17; price +5.9% that day.
  9. Dec '24Revenue (TTM) reached a new high of ₹909 cr.
  10. Nov '24Regained the 2024-07 peak, 1 month after the low.
  11. Oct '24Fell 28% from the Jul 2024 peak to the Oct 2024 low.
  12. Oct '24Volume reached 11.6x its 50-day median on 2024-10-14; price +11.4% that day.
  13. Jul '24Volume reached 6.4x its 50-day median on 2024-07-15; price -5.8% that day.
  14. Jun '24Revenue (TTM) reached a new high of ₹891 cr.
  15. Jun '24Volume reached 20.7x its 50-day median on 2024-06-07; price +13.9% that day.
  16. Jan '24P/E crossed above the 90th percentile of its own history to date (60.2x).
  17. Jan '24Volume reached 68.3x its 50-day median on 2024-01-17; price +13.9% that day.
  18. Oct '23Volume reached 16.7x its 50-day median on 2023-10-19; price -3.9% that day.
  19. Jul '23Regained the 2022-09 peak, 4 months after the low.
  20. Jul '23Volume reached 144.8x its 50-day median on 2023-07-18; price +13.5% that day.
  21. Jun '23Year-on-year EPS growth turned positive.
  22. Jun '23Moved into the top quartile of Finance on ROCE (from the 2nd quartile).

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Are profits backed by cash?

4 of 6 checks are within range, 2 beyond a threshold.
Tap a check to see how it is measured.

Other income reliance6%Within range

Other income as a share of pre-tax profit (trailing twelve months): 6.4%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate26%Within range

Median quarterly effective tax rate over about 2.5 years: 26.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.92xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 0.92x (cash from operations ₹1,261 cr, net profit ₹1,375 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow5 of 5 yrsWithin range

Fiscal years with positive free cash flow in the last 5: 5. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history+156 daysBeyond threshold

Debtor days are above the median of the previous three fiscal years by 156 days (209 vs 53). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress125% of fixed assetsBeyond threshold

Capital work-in-progress is 125% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days—Not enough data

Not enough reported data to compute this.

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

  • Over 2 years, institutional and promoter holdings were broadly unchanged.
  • The number of shareholders rose from 15,342 to 33,191 (+116%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters73.1%73.1%0.0 pts
FIIs0.9%0.6%-0.2 pts
DIIs0.1%0.3%+0.3 pts
Public and others26.0%26.0%0.0 pts

Number of shareholders

33,191shareholders+116% since Dec '23
15k24k32k40k Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 15,342
Mar '24: 20,744
Jun '24: 24,607
Sep '24: 29,810
Dec '24: 33,611
Mar '25: 38,598
Jun '25: 40,142
Sep '25: 38,343
Dec '25: 36,990
Mar '26: 34,764
Jun '26: 33,191
 15k24k32k40k Dec '23Dec '24Dec '25Jun '26
Dec '23: 15,342
Mar '24: 20,744
Jun '24: 24,607
Sep '24: 29,810
Dec '24: 33,611
Mar '25: 38,598
Jun '25: 40,142
Sep '25: 38,343
Dec '25: 36,990
Mar '26: 34,764
Jun '26: 33,191

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

How rough has the ride been?

Maximum drawdown-75.1%recovered 2021-04
1-year volatility35.6%annualised
Beta vs sector index1.223-year daily, correlation 0.47
Volume spikes4last 90 sessions, 5x the 50-day median

Monthly share price

₹18₹463₹909₹1,355 Jan '19Aug '20Mar '22Oct '23May '25Oct '26
2019-01: ₹60.00
2019-02: ₹57.75
2019-03: ₹60.65
2019-04: ₹58.35
2019-05: ₹57.90
2019-06: ₹47.85
2019-07: ₹31.10
2019-08: ₹36.25
2019-09: ₹39.30
2019-10: ₹35.95
2019-11: ₹30.00
2019-12: ₹32.60
2020-01: ₹36.60
2020-02: ₹28.85
2020-03: ₹17.75
2020-04: ₹24.55
2020-05: ₹20.95
2020-06: ₹30.10
2020-07: ₹23.15
2020-08: ₹30.35
2020-09: ₹27.60
2020-10: ₹25.00
2020-11: ₹30.70
2020-12: ₹30.95
2021-01: ₹45.65
2021-02: ₹56.05
2021-03: ₹55.65
2021-04: ₹70.20
2021-05: ₹65.45
2021-06: ₹93.80
2021-07: ₹107.25
2021-08: ₹128.95
2021-09: ₹165.95
2021-10: ₹196.10
2021-11: ₹201.30
2021-12: ₹209.05
2022-01: ₹186.50
2022-02: ₹202.95
2022-03: ₹266.20
2022-04: ₹307.10
2022-05: ₹261.80
2022-06: ₹253.45
2022-07: ₹299.00
2022-08: ₹357.10
2022-09: ₹360.60
2022-10: ₹346.90
2022-11: ₹339.35
2022-12: ₹348.50
2023-01: ₹350.85
2023-02: ₹326.55
2023-03: ₹268.15
2023-04: ₹329.35
2023-05: ₹363.90
2023-06: ₹372.60
2023-07: ₹448.00
2023-08: ₹436.05
2023-09: ₹449.40
2023-10: ₹378.30
2023-11: ₹386.00
2023-12: ₹416.55
2024-01: ₹737.70
2024-02: ₹831.00
2024-03: ₹740.55
2024-04: ₹804.10
2024-05: ₹775.55
2024-06: ₹950.65
2024-07: ₹933.65
2024-08: ₹845.60
2024-09: ₹837.75
2024-10: ₹1073.45
2024-11: ₹1267.25
2024-12: ₹1258.90
2025-01: ₹1354.70
2025-02: ₹1082.65
2025-03: ₹1059.15
2025-04: ₹1089.80
2025-05: ₹1006.20
2025-06: ₹991.20
2025-07: ₹894.20
2025-08: ₹859.00
2025-09: ₹834.55
2025-10: ₹832.20
2025-11: ₹838.40
2025-12: ₹802.50
2026-01: ₹730.70
2026-02: ₹671.70
2026-03: ₹506.20
2026-04: ₹665.55
2026-05: ₹705.85
2026-06: ₹764.00
2026-07: ₹740.60
2026-08: ₹776.95
2026-09: ₹719.00
2026-10: ₹667.75
 ₹18₹463₹909₹1,355 Jan '19Aug '21Mar '24Oct '26
2019-01: ₹60.00
2019-02: ₹57.75
2019-03: ₹60.65
2019-04: ₹58.35
2019-05: ₹57.90
2019-06: ₹47.85
2019-07: ₹31.10
2019-08: ₹36.25
2019-09: ₹39.30
2019-10: ₹35.95
2019-11: ₹30.00
2019-12: ₹32.60
2020-01: ₹36.60
2020-02: ₹28.85
2020-03: ₹17.75
2020-04: ₹24.55
2020-05: ₹20.95
2020-06: ₹30.10
2020-07: ₹23.15
2020-08: ₹30.35
2020-09: ₹27.60
2020-10: ₹25.00
2020-11: ₹30.70
2020-12: ₹30.95
2021-01: ₹45.65
2021-02: ₹56.05
2021-03: ₹55.65
2021-04: ₹70.20
2021-05: ₹65.45
2021-06: ₹93.80
2021-07: ₹107.25
2021-08: ₹128.95
2021-09: ₹165.95
2021-10: ₹196.10
2021-11: ₹201.30
2021-12: ₹209.05
2022-01: ₹186.50
2022-02: ₹202.95
2022-03: ₹266.20
2022-04: ₹307.10
2022-05: ₹261.80
2022-06: ₹253.45
2022-07: ₹299.00
2022-08: ₹357.10
2022-09: ₹360.60
2022-10: ₹346.90
2022-11: ₹339.35
2022-12: ₹348.50
2023-01: ₹350.85
2023-02: ₹326.55
2023-03: ₹268.15
2023-04: ₹329.35
2023-05: ₹363.90
2023-06: ₹372.60
2023-07: ₹448.00
2023-08: ₹436.05
2023-09: ₹449.40
2023-10: ₹378.30
2023-11: ₹386.00
2023-12: ₹416.55
2024-01: ₹737.70
2024-02: ₹831.00
2024-03: ₹740.55
2024-04: ₹804.10
2024-05: ₹775.55
2024-06: ₹950.65
2024-07: ₹933.65
2024-08: ₹845.60
2024-09: ₹837.75
2024-10: ₹1073.45
2024-11: ₹1267.25
2024-12: ₹1258.90
2025-01: ₹1354.70
2025-02: ₹1082.65
2025-03: ₹1059.15
2025-04: ₹1089.80
2025-05: ₹1006.20
2025-06: ₹991.20
2025-07: ₹894.20
2025-08: ₹859.00
2025-09: ₹834.55
2025-10: ₹832.20
2025-11: ₹838.40
2025-12: ₹802.50
2026-01: ₹730.70
2026-02: ₹671.70
2026-03: ₹506.20
2026-04: ₹665.55
2026-05: ₹705.85
2026-06: ₹764.00
2026-07: ₹740.60
2026-08: ₹776.95
2026-09: ₹719.00
2026-10: ₹667.75

Last 90 trading days

₹662₹732₹802₹873 Jun 23Jul 20Aug 13Sep 8Oct 6Oct 30
2026-06-23: ₹756.50
2026-06-25: ₹755.20
2026-06-30: ₹764.00
2026-07-02: ₹780.50
2026-07-06: ₹804.15
2026-07-08: ₹822.75
2026-07-10: ₹869.85
2026-07-14: ₹857.30
2026-07-16: ₹834.40
2026-07-20: ₹817.60
2026-07-22: ₹814.35
2026-07-24: ₹799.40
2026-07-28: ₹772.05
2026-07-30: ₹746.70
2026-08-03: ₹778.15
2026-08-05: ₹778.75
2026-08-07: ₹760.75
2026-08-11: ₹763.95
2026-08-13: ₹816.80
2026-08-17: ₹838.00
2026-08-19: ₹825.90
2026-08-21: ₹809.65
2026-08-25: ₹838.70
2026-08-27: ₹798.30
2026-08-31: ₹776.95
2026-09-02: ₹762.00
2026-09-04: ₹758.95
2026-09-08: ₹750.80
2026-09-10: ₹772.95
2026-09-15: ₹745.10
2026-09-17: ₹751.65
2026-09-21: ₹742.45
2026-09-23: ₹746.10
2026-09-25: ₹734.75
2026-09-29: ₹706.65
2026-10-01: ₹699.10
2026-10-06: ₹713.65
2026-10-08: ₹691.80
2026-10-12: ₹691.60
2026-10-14: ₹690.35
2026-10-16: ₹689.80
2026-10-21: ₹671.50
2026-10-23: ₹662.80
2026-10-27: ₹661.65
2026-10-29: ₹680.10
2026-10-30: ₹667.75
 ₹662₹732₹802₹873 Jun 23Aug 5Sep 17Oct 30
2026-06-23: ₹756.50
2026-06-25: ₹755.20
2026-06-30: ₹764.00
2026-07-02: ₹780.50
2026-07-06: ₹804.15
2026-07-08: ₹822.75
2026-07-10: ₹869.85
2026-07-14: ₹857.30
2026-07-16: ₹834.40
2026-07-20: ₹817.60
2026-07-22: ₹814.35
2026-07-24: ₹799.40
2026-07-28: ₹772.05
2026-07-30: ₹746.70
2026-08-03: ₹778.15
2026-08-05: ₹778.75
2026-08-07: ₹760.75
2026-08-11: ₹763.95
2026-08-13: ₹816.80
2026-08-17: ₹838.00
2026-08-19: ₹825.90
2026-08-21: ₹809.65
2026-08-25: ₹838.70
2026-08-27: ₹798.30
2026-08-31: ₹776.95
2026-09-02: ₹762.00
2026-09-04: ₹758.95
2026-09-08: ₹750.80
2026-09-10: ₹772.95
2026-09-15: ₹745.10
2026-09-17: ₹751.65
2026-09-21: ₹742.45
2026-09-23: ₹746.10
2026-09-25: ₹734.75
2026-09-29: ₹706.65
2026-10-01: ₹699.10
2026-10-06: ₹713.65
2026-10-08: ₹691.80
2026-10-12: ₹691.60
2026-10-14: ₹690.35
2026-10-16: ₹689.80
2026-10-21: ₹671.50
2026-10-23: ₹662.80
2026-10-27: ₹661.65
2026-10-29: ₹680.10
2026-10-30: ₹667.75

Drawdown from peak

0% -37% -73% Jan '19Dec '22Oct '26 0% -37% -73% Jan '19Dec '22Oct '26
Largest drawdowns

-75.1% (2019-01 peak to 2020-03 low, recovered 2021-04)

-65.8% (2025-02 peak to 2026-03 low, not yet recovered)

-33.1% (2022-09 peak to 2023-03 low, recovered 2023-07)

Most recent volume spikes

2026-10-01: 5.4x the 50-day median, price -2.8% that day

2026-08-13: 6.1x the 50-day median, price +6.7% that day

2026-07-29: 5.4x the 50-day median, price -0.5% that day

Beta is the slope of daily returns against a market-cap-weighted index of the sector's other listed companies, built from today's constituents (so it excludes companies no longer listed).

Where does it rank among Finance peers?

Each cell is the company's percentile rank among its Finance peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Nov '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Oct '26
Lower rank Higher rank

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Finance sector page Watch it move against Finance in the Observatory

What else looks like this?

Companies with the most similar financial profile today, regardless of industry.

CompanySectorSimilarityClosest on
ENVIRO INFRA ENGINEERS (EIEL)Industrial Services57%ROCE, promoter holding
PIX TRANSMISSIONS (PIXTRANS)Producer Manufacturing52%revenue, operating margin
BRIGADE HOTEL VENTURES (BRIGHOTEL)Consumer Services50%promoter holding, operating margin
D.B.CORP (DBCORP)Consumer Services50%ROCE, promoter holding
ELLENBARRIE INDUSTRIAL GASES L (ELLEN)Process Industries50%operating margin, market cap
AGI INFRA (AGIIL)Finance66%operating margin, ROCE
ANAND RATHI SHARE AND STOCK BR (ARSSBL)Finance62%operating margin, ROCE
CANARA ROBECO ASSET MANAGEMENT (CRAMC)Finance52%volatility, P/E

Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.

What happened next to similar setups

+4.5%typical 12-month return vs the marketNot meaningfully different from the base rate
  • We found 50 past situations where a non-financial company looked like GANESH HOUSING LIMITED today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
  • Over the following 12 months the middle half of them returned −13% to +26% vs the market, against −2% for all non-financial companies in the same months.
  • The gap against the base rate (+6.6%, 80% range −1.1% to +11.3%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
BLISSGVS · Jan 2021: −61.7% vs market
MANINFRA · Jun 2025: −42.6% vs market
LAOPALA · Jul 2025: −36.6% vs market
PIIND · Sep 2025: −34.5% vs market
IGL · Aug 2021: −28.3% vs market
BALKRISIND · Jun 2024: −25.9% vs market
BALAMINES · Jul 2024: −24.9% vs market
IPCALAB · Jul 2022: −23.9% vs market
ACI · Dec 2024: −21.2% vs market
EMAMILTD · Jan 2023: −18.9% vs market
VIDHIING · Sep 2023: −16.8% vs market
GARFIBRES · Jan 2023: −14.5% vs market
5PAISA · Jun 2025: −13.8% vs market
ATUL · Dec 2021: −11.8% vs market
CCL · Jan 2020: −11.2% vs market
KPRMILL · Dec 2024: −10.2% vs market
RATNAMANI · Jan 2021: −5.9% vs market
ERIS · Apr 2023: −3.9% vs market
APLLTD · Jul 2022: −3.8% vs market
OBEROIRLTY · Oct 2025: −2.2% vs market
SYMPHONY · Jul 2024: −0.6% vs market
HINDOILEXP · Sep 2025: +0.4% vs market
ADVENZYMES · Mar 2023: +1.1% vs market
FINEORG · Jul 2024: +1.7% vs market
KSCL · May 2020: +3.7% vs market
METROPOLIS · Dec 2023: +5.2% vs market
PGHL · Jul 2022: +5.8% vs market
TECHNOE · May 2020: +6.2% vs market
ENDURANCE · Oct 2020: +7.8% vs market
GPPL · Oct 2025: +9.9% vs market
CARERATING · May 2023: +10.7% vs market
SUNTV · Oct 2025: +17.0% vs market
NATCOPHARM · Jan 2020: +18.0% vs market
AIAENG · Oct 2025: +18.7% vs market
SUMICHEM · Aug 2024: +20.0% vs market
CAPLIPOINT · May 2023: +20.2% vs market
CUMMINSIND · Dec 2020: +21.5% vs market
CERA · Jul 2020: +27.6% vs market
ACCELYA · Aug 2022: +27.8% vs market
AJANTPHARM · Jan 2020: +33.8% vs market
SUNDRMFAST · Sep 2020: +39.8% vs market
COHANCE · Aug 2023: +42.2% vs market
ICRA · Aug 2022: +43.4% vs market
SOLARINDS · Oct 2020: +54.3% vs market
THYROCARE · May 2024: +62.9% vs market
MIDHANI · Jul 2022: +74.4% vs market
HINDCOPPER · Jun 2023: +87.5% vs market
SUPRIYA · May 2024: +87.6% vs market
LINDEINDIA · Jan 2021: +121.9% vs market
HAPPYFORGE · Aug 2025: +148.8% vs market
Similar setups +4.5%All companies −2.1%← worse than the marketbetter than the market →

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 2 beyond the range shown, drawn at the edge

Similar setups' median
+4.5%
All companies' median
−2.1%
Beat the market
58% vs 48%

50 past situations · 50 companies · 29 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
AIAENG
Producer Manufacturing		 Oct 2025 27x19% −15%−17% +19%
NATCOPHARM
Health Technology		 Jan 2020 20x23% −9%−9% +18%
CCL
Consumer Non-Durables		 Jan 2020 19x19% −16%−24% −11%
ACI
Process Industries		 Dec 2024 38x25% +3%−19% −21%
ERIS
Health Technology		 Apr 2023 21x25% −7%−15% −4%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
TECHNOE
Industrial Services		 May 2020 11x20% −27%−41% +6%
HAPPYFORGE
Producer Manufacturing		 Aug 2025 32x19% −24%−27% +149%
IPCALAB
Health Technology		 Jul 2022 29x20% −5%−24% −24%
How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: drawdown from 12-month high, 12-month momentum and ROCE. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to GANESH HOUSING LIMITED. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-10-30. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

FeatureWeightNon-financialFinancial
P/E1yesyes
P/S1yes—
P/B1—yes
ROCE1yes—
operating margin1yes—
ROE1—yes
debt/equity0.75yes—
interest cover0.5yes—
revenue growth0.75yesyes
12-month momentum1yesyes
drawdown from 12-month high0.75yesyes
size0.75yesyes
volatility0.5yesyes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

  • One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
  • Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
  • Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
  • Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
  • Pools: non-financial: 97,430 company-months from 2000 companies; financial: 5,632 company-months from 106 companies. 2240 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.
Monthly history (94 months)
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1021.0x₹640 cr12.6%19.0%0.2x
2026-0922.6x₹640 cr12.6%19.0%0.2x
2026-0820.5x₹511 cr15.0%19.0%0.2x
2026-0719.5x₹511 cr15.0%19.0%0.2x
2026-0620.1x₹511 cr15.0%19.0%0.2x
2026-0514.0x₹667 cr22.9%44.0%0.1x
2026-0413.2x₹667 cr22.9%44.0%0.1x
2026-0310.1x₹667 cr22.9%44.0%0.1x
2026-0210.6x₹833 cr28.7%44.0%0.1x
2026-0111.6x₹833 cr28.7%44.0%0.1x
2025-1212.7x₹833 cr28.7%44.0%0.1x
2025-1112.1x₹896 cr31.4%44.0%0.1x
2025-1012.0x₹896 cr31.4%44.0%0.1x
2025-0912.1x₹896 cr31.4%44.0%0.1x
2025-0812.0x₹959 cr32.6%44.0%0.1x
2025-0712.5x₹959 cr32.6%44.0%0.1x
2025-0613.8x₹959 cr32.6%44.0%0.1x
2025-0515.4x₹985 cr41.1%45.0%0.2x
2025-0416.6x₹985 cr41.1%45.0%0.2x
2025-0316.2x₹985 cr41.1%45.0%0.2x
2025-0218.6x₹909 cr36.6%45.0%0.2x
2025-0123.3x₹909 cr36.6%45.0%0.2x
2024-1221.6x₹909 cr36.6%45.0%0.2x
2024-1125.6x₹835 cr31.2%45.0%0.2x
2024-1021.7x₹835 cr31.2%45.0%0.2x
2024-0916.9x₹835 cr31.2%45.0%0.2x
2024-0815.3x₹891 cr34.7%45.0%0.2x
2024-0716.9x₹891 cr34.7%45.0%0.2x
2024-0617.2x₹891 cr34.7%45.0%0.2x
2024-0563.3x₹616 cr11.5%23.0%0.3x
2024-0465.6x₹616 cr11.5%23.0%0.3x
2024-0360.5x₹616 cr11.5%23.0%0.3x
2024-0267.8x₹616 cr11.5%23.0%0.3x
2024-0160.2x₹616 cr11.5%23.0%0.3x
2023-1234.0x₹616 cr11.5%23.0%0.3x
2023-1131.5x₹616 cr11.5%23.0%0.3x
2023-1030.9x₹616 cr11.5%23.0%0.3x
2023-0936.7x₹616 cr11.5%23.0%0.3x
2023-0835.6x₹616 cr11.5%23.0%0.3x
2023-0736.6x₹616 cr11.5%23.0%0.3x
2023-0630.4x₹616 cr11.5%23.0%0.3x
2023-0543.0x₹383 cr9.0%13.0%0.2x
2023-0438.9x₹383 cr9.0%13.0%0.2x
2023-0331.7x₹383 cr9.0%13.0%0.2x
2023-0238.6x₹383 cr9.0%13.0%0.2x
2023-0141.4x₹383 cr9.0%13.0%0.2x
2022-1241.1x₹383 cr9.0%13.0%0.2x
2022-1140.1x₹383 cr9.0%13.0%0.2x
2022-1041.0x₹383 cr9.0%13.0%0.2x
2022-0942.6x₹383 cr9.0%13.0%0.2x
2022-0842.2x₹383 cr9.0%13.0%0.2x
2022-0735.3x₹383 cr9.0%13.0%0.2x
2022-0629.9x₹383 cr9.0%13.0%0.2x
2022-05—₹168 cr-20.9%-4.0%0.8x
2022-04—₹168 cr-20.9%-4.0%0.8x
2022-03—₹168 cr-20.9%-4.0%0.8x
2022-02—₹168 cr-20.9%-4.0%0.8x
2022-01—₹168 cr-20.9%-4.0%0.8x
2021-12—₹168 cr-20.9%-4.0%0.8x
2021-11—₹168 cr-20.9%-4.0%0.8x
2021-10—₹168 cr-20.9%-4.0%0.8x
2021-09—₹168 cr-20.9%-4.0%0.8x
2021-08—₹168 cr-20.9%-4.0%0.8x
2021-07—₹168 cr-20.9%-4.0%0.8x
2021-06—₹168 cr-20.9%-4.0%0.8x
2021-05—₹267 cr-19.2%-4.0%0.9x
2021-04—₹267 cr-19.2%-4.0%0.9x
2021-03—₹267 cr-19.2%-4.0%0.9x
2021-02—₹267 cr-19.2%-4.0%0.9x
2021-01—₹267 cr-19.2%-4.0%0.9x
2020-12—₹267 cr-19.2%-4.0%0.9x
2020-11—₹267 cr-19.2%-4.0%0.9x
2020-10—₹267 cr-19.2%-4.0%0.9x
2020-09—₹267 cr-19.2%-4.0%0.9x
2020-08—₹267 cr-19.2%-4.0%0.9x
2020-07—₹267 cr-19.2%-4.0%0.9x
2020-06—₹267 cr-19.2%-4.0%0.9x
2020-053.9x₹258 cr3.6%5.0%0.9x
2020-044.6x₹258 cr3.6%5.0%0.9x
2020-033.3x₹258 cr3.6%5.0%0.9x
2020-025.4x₹258 cr3.6%5.0%0.9x
2020-016.8x₹258 cr3.6%5.0%0.9x
2019-126.0x₹258 cr3.6%5.0%0.9x
2019-115.6x₹258 cr3.6%5.0%0.9x
2019-106.7x₹258 cr3.6%5.0%0.9x
2019-097.3x₹258 cr3.6%5.0%0.9x
2019-086.7x₹258 cr3.6%5.0%0.9x
2019-075.8x₹258 cr3.6%5.0%0.9x
2019-068.9x₹258 cr3.6%5.0%0.9x
2019-055.6x₹499 cr5.7%11.0%0.8x
2019-045.7x₹499 cr5.7%11.0%0.8x
2019-035.9x₹499 cr5.7%11.0%0.8x
2019-025.6x₹499 cr5.7%11.0%0.8x
2019-015.8x₹499 cr5.7%11.0%0.8x

Methodology and data notes

Methodology

Methodology and data notes

All figures come from public exchange prices and screener.in financial statements. Quarterly and annual results are shown from 60 days after the period end, so a month never uses a result before it would plausibly have been published. Statements are the latest versions, which may include later restatements.

Sector medians, percentiles and indices use today's listed companies in the sector (survivorship bias). Prices are adjusted for splits and bonus issues; around a corporate action the fundamentals may lag the price by up to a month, and affected sections are hidden.

The return decomposition uses price = P/E × net profit ÷ share count. The reverse DCF uses a fixed 12% cost of equity, a 10-year horizon and a 15x terminal P/E, and is an illustration only. Events, flags and twins follow fixed rules and thresholds described next to each section.

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