Ashiana Housing Ltd
Ashiana Housing is principal business activity of the company is Real Estate Development.
- Market Cap ₹ 3,917 Cr.
- Current Price ₹ 390
- High / Low ₹ 448 / 269
- Stock P/E 33.1
- Book Value ₹ 86.9
- Dividend Yield 0.64 %
- ROCE 14.0 %
- ROE 13.8 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 83.0% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 37.9%
- Company's working capital requirements have reduced from 152 days to 42.5 days
Cons
- Stock is trading at 4.49 times its book value
- Company has a low return on equity of 9.07% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.46.8 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 143 | 529 | 382 | 321 | 338 | 304 | 242 | 222 | 410 | 944 | 529 | 1,143 | 958 | |
| 105 | 389 | 291 | 267 | 303 | 317 | 241 | 231 | 379 | 847 | 511 | 1,014 | 832 | |
| Operating Profit | 37 | 140 | 91 | 54 | 34 | -13 | 1 | -9 | 30 | 97 | 18 | 130 | 125 |
| OPM % | 26% | 27% | 24% | 17% | 10% | -4.3% | 0.4% | -4.0% | 7% | 10% | 3.3% | 11% | 13% |
| 22 | 14 | 15 | 14 | 13 | -4 | 17 | 8 | 16 | 23 | 24 | 44 | 47 | |
| Interest | 2 | 3 | 7 | 12 | 15 | 14 | 9 | 5 | 3 | 2 | 2 | 2 | 1 |
| Depreciation | 8 | 8 | 8 | 7 | 8 | 9 | 9 | 8 | 8 | 9 | 13 | 13 | 13 |
| Profit before tax | 49 | 143 | 91 | 49 | 24 | -39 | 0 | -15 | 34 | 108 | 26 | 159 | 157 |
| Tax % | 5% | 26% | 27% | 22% | 42% | -23% | -473% | -52% | 19% | 23% | 30% | 26% | |
| 47 | 106 | 67 | 38 | 14 | -30 | 2 | -7 | 28 | 83 | 18 | 118 | 118 | |
| EPS in Rs | 4.54 | 10.34 | 6.55 | 3.74 | 1.35 | -2.95 | 0.17 | -0.69 | 2.72 | 8.30 | 1.81 | 11.73 | 11.77 |
| Dividend Payout % | 11% | 5% | 4% | 7% | 19% | -10% | 238% | -131% | 18% | 18% | 83% | 13% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 36% |
| 3 Years: | 41% |
| TTM: | 37% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | 83% |
| 3 Years: | 61% |
| TTM: | 195% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 14% |
| 3 Years: | 23% |
| 1 Year: | 32% |
| Return on Equity | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 6% |
| 3 Years: | 9% |
| Last Year: | 14% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 |
| Reserves | 502 | 630 | 702 | 745 | 761 | 729 | 730 | 716 | 739 | 750 | 744 | 839 |
| 37 | 68 | 89 | 138 | 163 | 124 | 68 | 174 | 184 | 148 | 276 | 323 | |
| 619 | 465 | 409 | 328 | 249 | 299 | 521 | 954 | 1,256 | 1,484 | 2,448 | 3,101 | |
| Total Liabilities | 1,179 | 1,183 | 1,220 | 1,232 | 1,194 | 1,173 | 1,339 | 1,864 | 2,200 | 2,402 | 3,488 | 4,284 |
| 68 | 63 | 86 | 121 | 121 | 130 | 98 | 93 | 74 | 101 | 128 | 133 | |
| CWIP | 4 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 0 | 0 | 0 |
| Investments | 255 | 178 | 174 | 158 | 128 | 66 | 86 | 138 | 101 | 108 | 206 | 286 |
| 853 | 941 | 960 | 953 | 945 | 976 | 1,155 | 1,633 | 2,022 | 2,192 | 3,153 | 3,865 | |
| Total Assets | 1,179 | 1,183 | 1,220 | 1,232 | 1,194 | 1,173 | 1,339 | 1,864 | 2,200 | 2,402 | 3,488 | 4,284 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -4 | -79 | -39 | -54 | -10 | 28 | 121 | -61 | 12 | 212 | 234 | 342 | |
| -203 | 121 | -24 | 11 | 31 | 64 | 12 | -47 | 32 | -10 | -123 | -52 | |
| 213 | 18 | 15 | 32 | 2 | -63 | -73 | 81 | -14 | -128 | 52 | -58 | |
| Net Cash Flow | 6 | 60 | -48 | -11 | 22 | 29 | 61 | -27 | 29 | 75 | 163 | 232 |
| Free Cash Flow | -30 | -83 | -43 | -71 | -19 | 24 | 134 | -65 | -4 | 182 | 195 | 318 |
| CFO/OP | -2% | -36% | -29% | -83% | -12% | -235% | 14,143% | 654% | 60% | 242% | 1,395% | 298% |
Ratios
Consolidated / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 35 | 19 | 23 | 29 | 25 | 38 | 41 | 41 | 29 | 15 | 28 | 14 |
| Inventory Days | 4,736 | 9,495 | 3,261 | 4,701 | 2,736 | |||||||
| Days Payable | 158 | 263 | 73 | 176 | 95 | |||||||
| Cash Conversion Cycle | 35 | 4,596 | 23 | 9,261 | 3,213 | 4,563 | 41 | 41 | 29 | 2,656 | 28 | 14 |
| Working Capital Days | 432 | 266 | 475 | 585 | 663 | 678 | 715 | 902 | 517 | 190 | 225 | 42 |
| ROCE % | 10% | 23% | 12% | 7% | 4% | -1% | 0% | -1% | 4% | 11% | 3% | 14% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Area Booked 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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| Value of Area Booked INR Crores |
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| Area Delivered & Recognized for Revenue Lakhs Sq. ft. |
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| Senior Living Area Booked Lakhs Sq. ft. |
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| Senior Living Share of Total Booking Value % |
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| Senior Living Value of Area Booked INR Crores |
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Extracted by Screener AI
Documents
Announcements
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Business Responsibility and Sustainability Reporting (BRSR)
- Ashiana Housing submitted FY26 BRSR; disclosed ₹1.58 lakh mining penalty for Gurugram project.
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Closure of Trading Window
- Trading window closes from 1 October 2026 until 48 hours after Q2 results.
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Intimation Of Trading Under Regulation 7(2) Of SEBI (PIT) Regulations, 2015 As Amended From Time To Time
- Deepak Dhyani bought 5,826 shares on 15 September 2026 for ₹20.02 lakh.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Intimation regarding Newspaper Advertisement for the notice of 40th Annual General Meeting to be held on 29th September 2026
- Reg. 34 (1) Annual Report.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Concalls
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Aug 2026Transcript
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Aug 2026Transcript PPT REC
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Nov 2015Transcript
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Aug 2015Transcript PPT
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]