🏠Ashiana Housing Ltd Vs Ganesh Housing Corporation Ltd
🏠Comparing 2 real estate small cap companies involved in various residential and commercial Projects
[A thread......]🧵👇
🏠Comparing 2 real estate small cap companies involved in various residential and commercial Projects
[A thread......]🧵👇
🔶About the Company:
⚡️Ashiana Housing Ltd.:
🔹A mid-sized real estate company focuses on residential projects in Tier-II cities by purchasing land, constructing residential buildings, and selling them.
⚡️Ashiana Housing Ltd.:
🔹A mid-sized real estate company focuses on residential projects in Tier-II cities by purchasing land, constructing residential buildings, and selling them.
⚡️Ganesh Housing Corporation Ltd.:
🔹The company specializes in the residential sector, catering primarily to the mid and higher-income segments of the market.
🔹The company specializes in the residential sector, catering primarily to the mid and higher-income segments of the market.
🔶Key Metrics:
⚡️Ashiana Housing Ltd.:
🔹M Cap: ₹2,894 Cr
🔹CMP: ₹288
🔹ROCE: 3.92%
🔹ROE: 3.62%
🔹Debt/Equity: 0.20
🔹3 Years Sales Growth: 10.3%
⚡️Ashiana Housing Ltd.:
🔹M Cap: ₹2,894 Cr
🔹CMP: ₹288
🔹ROCE: 3.92%
🔹ROE: 3.62%
🔹Debt/Equity: 0.20
🔹3 Years Sales Growth: 10.3%
⚡️Ganesh Housing Corporation Ltd.:
🔹M Cap: ₹5,738 Cr
🔹CMP: ₹688
🔹ROCE: 23.0%
🔹ROE: 10.5%
🔹Debt/Equity: 0.02
🔹3 Years Sales Growth: 32.1%
🔹M Cap: ₹5,738 Cr
🔹CMP: ₹688
🔹ROCE: 23.0%
🔹ROE: 10.5%
🔹Debt/Equity: 0.02
🔹3 Years Sales Growth: 32.1%
🔶Business Division:
⚡️Ashiana Housing Ltd.:
🔹Kids Centric Homes
🔹Active Senior Living
🔹Senior Living Homes and Premium Homes.
⚡️Ganesh Housing Corporation Ltd.:
🔹Commercial
🔹Retail
🔹Township
⚡️Ashiana Housing Ltd.:
🔹Kids Centric Homes
🔹Active Senior Living
🔹Senior Living Homes and Premium Homes.
⚡️Ganesh Housing Corporation Ltd.:
🔹Commercial
🔹Retail
🔹Township
🔶Areas of Operation:
⚡️Ashiana Housing Ltd.:
🔹The company has a presence in multiple Indian states, including Rajasthan, Haryana, Jharkhand, Tamil Nadu, Maharashtra, and Gujarat.
⚡️Ashiana Housing Ltd.:
🔹The company has a presence in multiple Indian states, including Rajasthan, Haryana, Jharkhand, Tamil Nadu, Maharashtra, and Gujarat.
⚡️Ganesh Housing Corporation Ltd.:
🔹The company has established a robust presence in and around the city of Ahmedabad.
🔹The company has established a robust presence in and around the city of Ahmedabad.
🔶Land Bank:
⚡️Ashiana Housing Ltd.:
🔹In FY23, the company acquired three new land parcels with a combined potential saleable area of 21 lakhs sq.ft.
⚡️Ashiana Housing Ltd.:
🔹In FY23, the company acquired three new land parcels with a combined potential saleable area of 21 lakhs sq.ft.
⚡️Ganesh Housing Corporation Ltd.:
🔹The company holds one of the largest developable land banks in Ahmedabad, totaling 500 acres, with a significant development potential of 36-40 million square feet.
🔹The company holds one of the largest developable land banks in Ahmedabad, totaling 500 acres, with a significant development potential of 36-40 million square feet.
🔶Completed Projects:
⚡️Ashiana Housing Ltd.:
🔹The company launched five new greenfield projects in Jamshedpur, Jaipur, Pune, Gurugram, and Bhiwadi & also undertaken eight phase extensions in Chennai, Bhiwadi, Jodhpur, and Gurugram.
⚡️Ashiana Housing Ltd.:
🔹The company launched five new greenfield projects in Jamshedpur, Jaipur, Pune, Gurugram, and Bhiwadi & also undertaken eight phase extensions in Chennai, Bhiwadi, Jodhpur, and Gurugram.
⚡️Ganesh Housing Corporation Ltd.:
🔹The company has completed 21 projects, comprising 17 residential & 4 commercial projects, spanning approximately 22.5 million square feet.
🔹Key projects include Maple Tree, Maple Trade Centre, Magnet Corporate Park, Malabar County I & II etc.
🔹The company has completed 21 projects, comprising 17 residential & 4 commercial projects, spanning approximately 22.5 million square feet.
🔹Key projects include Maple Tree, Maple Trade Centre, Magnet Corporate Park, Malabar County I & II etc.
🔶Operational Metrics:
⚡️Ashiana:
🔹Area Booked: 5.92 Lac Sq. ft
🔹Equivalent Area Constructed: 4.59 Lacs Sq. ft
🔹Value of Area Booked: ₹32,560 Lacs
🔹Average Realization: ₹5,498/Sq. ft
🔹Units under maintenance: 16,568
🔹Residential Projects Under Construction: 6.01 Mn Sqft
⚡️Ashiana:
🔹Area Booked: 5.92 Lac Sq. ft
🔹Equivalent Area Constructed: 4.59 Lacs Sq. ft
🔹Value of Area Booked: ₹32,560 Lacs
🔹Average Realization: ₹5,498/Sq. ft
🔹Units under maintenance: 16,568
🔹Residential Projects Under Construction: 6.01 Mn Sqft
⚡️Ganesh Housing Corporation Ltd.:
🔹Residential Projects Under Construction: 1.7 Mn Sq. ft
🔹Land Reserves: 500 acres
🔹Residential Projects Under Construction: 1.7 Mn Sq. ft
🔹Land Reserves: 500 acres
🔶Financial Highlights:
⚡️Ashiana Housing Ltd.:
🔹TTM Revenue at ₹708 Cr
🔹TTM Operating Profit at ₹59 Cr
🔹TTM PAT at ₹58 Cr
⚡️Ashiana Housing Ltd.:
🔹TTM Revenue at ₹708 Cr
🔹TTM Operating Profit at ₹59 Cr
🔹TTM PAT at ₹58 Cr
⚡️Ganesh Housing Corporation Ltd.:
🔹TTM Revenue at ₹795 Cr
🔹TTM Operating Profit at ₹575 Cr
🔹TTM PAT at ₹387 Cr
🔹TTM Revenue at ₹795 Cr
🔹TTM Operating Profit at ₹575 Cr
🔹TTM PAT at ₹387 Cr
🔶Ongoing Projects:
⚡️Ashiana Housing Ltd.:
🔹3 new senior living projects (1 in Pune and 2 in Chennai).
🔹2 new premium housing projects in Jaipur.
🔹6 phase extensions in existing projects.
⚡️Ashiana Housing Ltd.:
🔹3 new senior living projects (1 in Pune and 2 in Chennai).
🔹2 new premium housing projects in Jaipur.
🔹6 phase extensions in existing projects.
⚡️Ganesh Housing Corporation Ltd.:
🔹Co has two ongoing projects, a residential and a commercial, span 1.7 msf with a completion target of Mar '26 and an estimated sales value of ₹10,500M and FCF of ₹6,500M, including key projects Million Minds Phase 1 and Malabar Exotica.
🔹Co has two ongoing projects, a residential and a commercial, span 1.7 msf with a completion target of Mar '26 and an estimated sales value of ₹10,500M and FCF of ₹6,500M, including key projects Million Minds Phase 1 and Malabar Exotica.
🔶Future Outlook:
⚡️Ashiana Housing Ltd.:
🔹Expecting a pre-sales target of ₹1,500 Cr for FY24, with projections for even higher pre-sales in FY25.
⚡️Ashiana Housing Ltd.:
🔹Expecting a pre-sales target of ₹1,500 Cr for FY24, with projections for even higher pre-sales in FY25.
🔹Anticipate delivering 50-55 lakh square feet from FY25 to FY27, expected to generate revenue between ₹2,600-2,700 Cr to ₹3,000 Cr.
🔹Aim to achieve a 15% Return on Equity (ROE).
🔹Aim to achieve a 15% Return on Equity (ROE).
⚡️Ganesh Housing Corporation Ltd.:
🔹Plan to develop 30 msf of infrastructure and special projects like Million Minds (IT-SEZ) and townships in the coming years, targeting sales of ~₹146,500 Mn.
🔹Plan to develop 30 msf of infrastructure and special projects like Million Minds (IT-SEZ) and townships in the coming years, targeting sales of ~₹146,500 Mn.
⚡️Disclaimer: The above data should not be considered as a Buy or Sell recommendation. The analysis has been done for educational and learning purpose only.
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