Ashiana Housing Ltd

Ashiana Housing Ltd

₹ 309 2.66%
21 Feb 12:51 p.m.
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 3,104 Cr.
  • Current Price 309
  • High / Low 344 / 137
  • Stock P/E 40.6
  • Book Value 74.9
  • Dividend Yield 0.17 %
  • ROCE 3.92 %
  • ROE 3.62 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 41.8%
  • Debtor days have improved from 37.1 to 29.6 days.

Cons

  • Stock is trading at 4.13 times its book value
  • The company has delivered a poor sales growth of 4.86% over past five years.
  • Company has a low return on equity of 0.80% 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

Consolidated Figures in Rs. Crores / View Standalone

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
80 78 38 58 51 75 80 87 130 111 121 346 184
71 84 44 63 55 68 65 92 120 103 113 313 152
Operating Profit 9 -5 -6 -6 -4 6 15 -5 10 8 8 33 33
OPM % 11% -7% -16% -10% -7% 9% 18% -6% 8% 7% 7% 10% 18%
10 3 1 3 -0 4 1 5 5 6 8 5 5
Interest 2 2 2 1 1 1 1 1 1 1 1 1 0
Depreciation 2 2 2 2 2 1 2 2 2 2 2 2 3
Profit before tax 14 -6 -9 -6 -7 8 13 -3 13 11 13 35 35
Tax % 8% 10% 27% 9% 48% 18% 20% 33% 29% 9% 16% 23% 20%
13 -6 -6 -6 -4 6 10 -2 9 10 11 27 28
EPS in Rs 1.26 -0.55 -0.62 -0.56 -0.38 0.62 1.00 -0.18 0.88 1.01 1.06 2.72 2.77
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
243 149 111 143 529 382 321 338 304 242 222 407 762
159 114 91 105 389 291 267 303 317 241 231 379 681
Operating Profit 84 35 20 37 140 91 54 34 -13 1 -9 28 82
OPM % 35% 23% 18% 26% 27% 24% 17% 10% -4% 0% -4% 7% 11%
5 13 11 22 14 15 14 13 -4 17 8 18 24
Interest 3 3 2 2 3 7 12 15 14 9 5 3 2
Depreciation 2 3 3 8 8 8 7 8 9 9 8 8 9
Profit before tax 84 42 26 49 143 91 49 24 -39 0 -15 34 94
Tax % 18% 21% 15% 5% 26% 27% 22% 42% 23% -473% 52% 19%
70 33 22 47 106 67 38 14 -30 2 -7 28 76
EPS in Rs 7.47 3.56 2.35 4.54 10.34 6.55 3.74 1.35 -2.95 0.17 -0.69 2.72 7.56
Dividend Payout % 6% 13% 21% 11% 5% 4% 7% 19% -10% 238% -131% 18%
Compounded Sales Growth
10 Years: 11%
5 Years: 5%
3 Years: 10%
TTM: 105%
Compounded Profit Growth
10 Years: -1%
5 Years: -5%
3 Years: 54%
TTM: 221%
Stock Price CAGR
10 Years: 14%
5 Years: 22%
3 Years: 42%
1 Year: 106%
Return on Equity
10 Years: 4%
5 Years: 0%
3 Years: 1%
Last Year: 4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 221 249 266 502 630 702 745 761 729 730 716 739 709
22 14 12 37 68 89 138 163 124 68 174 184 148
68 130 316 619 465 409 328 249 299 521 954 1,256 1,329
Total Liabilities 329 412 613 1,179 1,183 1,220 1,232 1,194 1,173 1,339 1,864 2,200 2,205
44 46 56 68 63 86 121 121 130 98 93 74 86
CWIP 0 0 1 4 1 0 0 0 0 0 0 3 0
Investments 91 55 33 255 178 174 158 128 66 86 138 101 90
194 311 522 853 941 960 953 945 976 1,155 1,633 2,022 2,030
Total Assets 329 412 613 1,179 1,183 1,220 1,232 1,194 1,173 1,339 1,864 2,200 2,205

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1 -22 -23 -4 -79 -39 -54 -10 28 121 -85 12
-15 49 30 -203 121 -24 11 31 64 12 -22 32
17 -13 -8 213 18 15 32 2 -63 -73 81 -14
Net Cash Flow 3 14 -0 6 60 -48 -11 22 29 61 -27 29

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 8 30 32 35 19 23 29 25 38 41 41 30
Inventory Days 4,736 9,495 3,261 4,701
Days Payable 158 263 73 176
Cash Conversion Cycle 8 30 32 35 4,596 23 9,261 3,213 4,563 41 41 30
Working Capital Days 136 352 559 435 272 475 654 666 679 729 917 536
ROCE % 39% 15% 8% 10% 23% 12% 7% 4% -1% 0% -1% 4%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
61.22% 61.22% 61.22% 61.22% 61.22% 61.22% 61.22% 61.22% 61.22% 61.22% 61.11% 61.11%
0.30% 0.34% 2.55% 4.90% 5.69% 7.49% 7.54% 7.55% 7.58% 7.67% 7.86% 8.24%
9.95% 10.53% 10.45% 9.36% 9.44% 7.31% 8.16% 8.51% 8.63% 7.68% 7.40% 7.33%
28.53% 27.91% 25.78% 24.52% 23.65% 23.98% 23.06% 22.72% 22.57% 23.42% 23.64% 23.32%
No. of Shareholders 19,96521,46420,85420,30020,36620,42519,82019,50418,81918,74920,28719,556

* 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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Documents

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