Ashiana Housing Ltd
Ashiana Housing is principal business activity of the company is Real Estate Development.
- Market Cap ₹ 3,750 Cr.
- Current Price ₹ 373
- High / Low ₹ 389 / 251
- Stock P/E 30.8
- Book Value ₹ 79.1
- Dividend Yield 0.67 %
- 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 4.71 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.
Peer comparison
Consumer Discretionary Realty Realty Residential, Commercial Projects
Part of BSE Consumer Discretionary BSE 1000
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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: | 9% |
| 5 Years: | 26% |
| 3 Years: | 26% |
| 1 Year: | 24% |
| 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. |
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| Average Realization INR/Sq. ft. |
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| Equivalent Area Constructed (EAC) Lakhs Sq. ft. |
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Extracted by Screener AI
Documents
Announcements
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Board Meeting Intimation for Consideration And Approval Of Audited Financial Results (Standalone And Consolidated) For FY 2025-26 And For Declaration Of Final Dividend For FY 2025-26, Apart From Transacting Other Routine Items.
20 May - Board meets 27 May 2026 to approve FY26 audited results, final dividend, and NCD issuance up to ₹150 crore.
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Intimation About Cancellation Of Agreement To Lease Entered Into With Mahindra World City For New Project In Jaipur (Rajasthan)
15 May - Ashiana Housing mutually terminated lease agreement for 20-acre Jaipur land parcel due to approval visibility issues.
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Intimation About Operational Performance Of The Company For The Month Ended 30Th April 2026
6 May - April 2026 area booked 0.85 lakh sq. ft., value INR 91.40 crore.
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Announcement under Regulation 30 (LODR)-Allotment
24 Apr - 4,325 NCDs allotted on 24 April 2026, raising INR 43.25 crore at 7% interest.
- Shareholder Meeting / Postal Ballot-Outcome of EGM 23 Apr
Annual reports
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Financial Year 2025
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Concalls
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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]