Ashiana Housing Ltd

Ashiana Housing Ltd

₹ 293 4.79%
01 Apr 10:59 a.m.
About

Ashiana Housing is principal business activity of the company is Real Estate Development.

Key Points

Business Model[1]
Ashiana Housing's business model emphasizes in-house end-to-end execution for premium homes, kid-centric residences, and senior living projects across 8 locations. It treats land as raw material, relies on in-house construction, sales, marketing, and facility management to ensure quality, on-time delivery, and customer satisfaction.
Their differentiated offering is senior living housing accounting for 25%+ of presales,with target to reach 50%.[2]

  • Market Cap 2,944 Cr.
  • Current Price 293
  • High / Low 376 / 248
  • Stock P/E 24.2
  • Book Value 79.1
  • Dividend Yield 0.84 %
  • ROCE 3.56 %
  • ROE 2.74 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 28.2% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 39.8%

Cons

  • Stock is trading at 3.53 times its book value
  • Company has a low return on equity of 5.43% over last 3 years.
  • Earnings include an other income of Rs.46.5 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
115 99 105 328 166 277 104 38 114 200 274 146 342
105 90 97 294 135 256 109 47 96 182 261 116 273
Operating Profit 10 9 8 34 31 20 -4 -9 18 18 12 30 69
OPM % 9% 9% 8% 10% 19% 7% -4% -23% 16% 9% 4% 20% 20%
4 4 7 4 4 7 4 4 1 12 9 15 11
Interest 1 1 1 1 0 0 2 1 1 -0 0 0 0
Depreciation 2 2 2 2 2 2 3 3 3 3 3 3 3
Profit before tax 11 11 13 35 32 25 -4 -9 15 27 18 41 77
Tax % 25% 14% 15% 24% 20% 29% 21% -21% 27% 26% 28% 22% 26%
8 9 11 26 26 17 -5 -7 11 20 13 32 57
EPS in Rs 0.81 0.91 1.05 2.63 2.56 1.73 -0.53 -0.70 1.10 1.96 1.27 3.20 5.66
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
77 120 506 356 289 302 262 202 172 353 878 457 962
61 84 365 264 234 263 270 197 178 322 782 434 833
Operating Profit 15 37 141 92 55 39 -8 5 -6 31 96 23 130
OPM % 20% 31% 28% 26% 19% 13% -3% 2% -3% 9% 11% 5% 13%
11 20 14 14 12 10 -6 16 6 12 19 20 46
Interest 2 2 3 7 11 15 13 9 5 3 2 2 1
Depreciation 3 8 8 8 7 8 9 9 8 8 9 12 13
Profit before tax 21 47 145 92 48 26 -36 3 -12 32 104 29 162
Tax % -1% 4% 25% 27% 20% 33% -23% -18% -51% 16% 23% 35%
21 46 108 67 39 18 -28 4 -6 27 80 18 122
EPS in Rs 2.30 4.46 10.55 6.55 3.79 1.73 -2.75 0.35 -0.58 2.64 7.98 1.83 12.09
Dividend Payout % 22% 11% 5% 4% 7% 14% -11% 113% -155% 19% 19% 82%
Compounded Sales Growth
10 Years: 14%
5 Years: 12%
3 Years: 38%
TTM: 80%
Compounded Profit Growth
10 Years: -6%
5 Years: 28%
3 Years: 132%
TTM: 518%
Stock Price CAGR
10 Years: 7%
5 Years: 17%
3 Years: 18%
1 Year: -6%
Return on Equity
10 Years: 4%
5 Years: 3%
3 Years: 5%
Last Year: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 19 20 20 20 20 20 20 20 20 20 20 20 20
Reserves 264 500 630 703 746 765 734 735 721 743 751 744 775
12 36 68 89 134 160 124 65 172 184 148 276 350
290 545 441 367 276 190 237 452 878 1,173 1,382 2,350 2,691
Total Liabilities 585 1,102 1,159 1,179 1,176 1,135 1,115 1,273 1,792 2,120 2,301 3,391 3,836
55 62 63 86 120 121 129 96 91 73 101 126 120
CWIP 1 4 0 0 0 0 0 0 0 3 0 0 1
Investments 49 291 180 165 140 109 50 65 115 80 79 169 265
480 745 916 928 916 906 936 1,112 1,585 1,964 2,121 3,095 3,451
Total Assets 585 1,102 1,159 1,179 1,176 1,135 1,115 1,273 1,792 2,120 2,301 3,391 3,836

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-28 -21 -102 -49 -58 -14 34 118 -86 1 201 247
35 -201 139 -7 19 28 57 13 -25 30 -4 -119
-9 221 20 1 24 4 -60 -73 82 -13 -128 52
Net Cash Flow -2 -1 57 -55 -15 17 31 58 -29 18 69 180
Free Cash Flow -42 -42 -112 -55 -75 -22 30 130 -91 -14 171 208
CFO/OP -167% -52% -53% -40% -90% -20% -441% 2,423% 1,492% 25% 232% 1,120%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 16 17 14 15 18 13 25 24 24 22 10 18
Inventory Days 4,735 9,551 3,260 4,460 2,736
Days Payable 148 237 59 144 87
Cash Conversion Cycle 16 17 4,600 15 9,332 3,213 4,340 24 24 22 2,659 18
Working Capital Days 714 499 278 522 678 775 809 899 1,221 629 217 279
ROCE % 7% 10% 23% 12% 7% 4% -1% 1% -0% 4% 11% 4%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Area Booked
Lakhs Sq. ft.

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Area Delivered
Lakhs Sq. ft.
Average Realization
INR/Sq. ft.
Equivalent Area Constructed (EAC)
Lakhs Sq. ft.

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
61.22% 61.22% 61.11% 61.11% 61.11% 61.11% 61.11% 61.11% 61.11% 61.11% 61.11% 61.11%
7.58% 7.67% 7.86% 8.24% 8.28% 8.34% 7.46% 7.47% 7.74% 7.88% 7.87% 7.90%
8.63% 7.68% 7.40% 7.33% 7.08% 6.99% 7.85% 7.75% 7.75% 8.06% 8.06% 8.06%
22.57% 23.42% 23.64% 23.32% 23.54% 23.57% 23.58% 23.67% 23.41% 22.96% 22.95% 22.93%
No. of Shareholders 18,81918,74920,28719,55622,30423,34124,01824,70525,56325,08624,98424,306

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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