Ashiana Housing Ltd

Ashiana Housing Ltd

₹ 375 -0.54%
24 Apr - close price
About

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

Key Points

Focus on Quick Delivery
Ashiana's core business model is to buy land and turn it into a residential building and sell it. Inventories should be liquidated in a 5-7 year timeframe. Management targets projects with gross margins over 30%. [1]

  • Market Cap 3,768 Cr.
  • Current Price 375
  • High / Low 399 / 163
  • Stock P/E 52.2
  • Book Value 75.0
  • Dividend Yield 0.13 %
  • ROCE 3.75 %
  • ROE 3.55 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is expected to give good quarter

Cons

  • Stock is trading at 5.00 times its book value
  • The company has delivered a poor sales growth of 3.94% over past five years.
  • Company has a low return on equity of 0.93% over last 3 years.

* 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.

Peer comparison

Sector: Realty Industry: Construction

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
63 66 25 47 40 52 66 73 115 98 105 328 166
60 72 32 51 43 53 52 76 105 90 97 294 135
Operating Profit 3 -6 -8 -4 -2 -1 14 -3 10 8 8 34 31
OPM % 5% -8% -31% -8% -6% -3% 21% -5% 9% 8% 8% 10% 19%
16 3 3 1 -1 12 1 4 4 5 7 4 4
Interest 2 2 1 1 1 1 1 1 1 1 1 1 0
Depreciation 2 2 2 2 2 1 2 2 2 2 2 2 2
Profit before tax 14 -6 -8 -6 -6 9 12 -2 11 11 13 35 32
Tax % 8% -1% 28% 10% 43% -6% 17% 55% 25% 14% 15% 24% 20%
13 -6 -6 -6 -4 9 10 -1 8 9 11 26 26
EPS in Rs 1.30 -0.57 -0.59 -0.56 -0.34 0.91 1.00 -0.09 0.81 0.91 1.05 2.63 2.56
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
201 119 77 120 506 356 289 302 262 202 172 351 697
135 88 61 84 365 264 234 263 270 197 178 322 616
Operating Profit 66 31 15 37 141 92 55 39 -8 5 -6 29 81
OPM % 33% 26% 20% 31% 28% 26% 19% 13% -3% 2% -3% 8% 12%
22 12 11 20 14 14 12 10 -6 16 6 14 20
Interest 3 3 2 2 3 7 11 15 13 9 5 3 2
Depreciation 2 3 3 8 8 8 7 8 9 9 8 8 8
Profit before tax 83 37 21 47 145 92 48 26 -36 3 -12 32 90
Tax % 17% 14% -1% 4% 25% 27% 20% 33% 23% -18% 51% 16%
69 32 21 46 108 67 39 18 -28 4 -6 27 72
EPS in Rs 7.37 3.45 2.30 4.46 10.55 6.55 3.79 1.73 -2.75 0.35 -0.58 2.64 7.15
Dividend Payout % 6% 13% 22% 11% 5% 4% 7% 14% -11% 113% -155% 19%
Compounded Sales Growth
10 Years: 11%
5 Years: 4%
3 Years: 10%
TTM: 129%
Compounded Profit Growth
10 Years: -1%
5 Years: -6%
3 Years: 57%
TTM: 167%
Stock Price CAGR
10 Years: 14%
5 Years: 25%
3 Years: 44%
1 Year: 107%
Return on Equity
10 Years: 4%
5 Years: 1%
3 Years: 1%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 19 19 19 20 20 20 20 20 20 20 20 20 20
Reserves 220 248 264 500 630 703 746 765 734 735 721 743 713
22 14 12 36 68 89 134 160 124 65 172 184 148
45 96 290 545 441 367 276 190 237 452 878 1,173 1,238
Total Liabilities 306 376 585 1,102 1,159 1,179 1,176 1,135 1,115 1,273 1,792 2,120 2,119
43 45 55 62 63 86 120 121 129 96 91 73 88
CWIP 0 0 1 4 0 0 0 0 0 0 0 3 0
Investments 150 67 49 291 180 165 140 109 50 65 115 80 65
113 264 480 745 916 928 916 906 936 1,112 1,585 1,964 1,966
Total Assets 306 376 585 1,102 1,159 1,179 1,176 1,135 1,115 1,273 1,792 2,120 2,119

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
47 -74 -28 -21 -102 -49 -58 -14 34 118 -86 1
-62 102 35 -201 139 -7 19 28 57 13 -25 30
15 -15 -9 221 20 1 24 4 -60 -73 82 -13
Net Cash Flow 0 13 -2 -1 57 -55 -15 17 31 58 -29 18

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 3 21 16 17 14 15 18 13 25 24 24 22
Inventory Days 4,735 9,551 3,260 4,460
Days Payable 148 237 59 144
Cash Conversion Cycle 3 21 16 17 4,600 15 9,332 3,213 4,340 24 24 22
Working Capital Days 55 390 714 499 285 523 749 775 809 914 1,237 652
ROCE % 39% 14% 7% 10% 23% 12% 7% 4% -1% 1% -0% 4%

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
61.22% 61.22% 61.22% 61.22% 61.22% 61.22% 61.22% 61.22% 61.22% 61.11% 61.11% 61.11%
0.34% 2.55% 4.90% 5.69% 7.49% 7.54% 7.55% 7.58% 7.67% 7.86% 8.24% 8.28%
10.53% 10.45% 9.36% 9.44% 7.31% 8.16% 8.51% 8.63% 7.68% 7.40% 7.33% 7.08%
27.91% 25.78% 24.52% 23.65% 23.98% 23.06% 22.72% 22.57% 23.42% 23.64% 23.32% 23.54%
No. of Shareholders 21,46420,85420,30020,36620,42519,82019,50418,81918,74920,28719,55622,304

* 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.

Click on the line-items to see the names of individual entities.

Documents

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