Ashiana Housing Ltd.

•

ashianahousing.comBSE: 523716NSE: ASHIANA

Market Cap₹ 3,493 Cr.

Current Price

High / Low₹ 436 / 269

Stock P/E29.5

Book Value₹ 87

Price to Book3.88

Dividend Yield0.43 %

ROCE8.8 %

ROE2.4 %

Face Value₹ 2

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AI Sector View

AI GENERATED

Realty

Buy

Housing and construction indicators remain supportive for real estate. The housing index reached 105 (Mar/26), residential property prices rose 4.21% (Mar/26), construction output was 5.4% (Jul/26), and cement output accelerated to 13.1% YoY (2026-07). Bank lending rates are steady at 8.96% (Aug/26) rather than easing, but FPI flows turned positive with INR 1999 crore net inflow over 3 months to 2026-08-31 from INR -7216 crore previously.

Confidence

75%

View full sector analysis →

PROS

Operating margins have improved to 14.0% from 6.8%
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 3.53x)
Company generates healthy free cash flow
Company has a consistent dividend-paying track record
Company maintains a comfortable, low leverage position

CONS

A large part of profit comes from other income (110.7% of PBT)
Receivables are growing faster than sales - a possible quality concern
Company has a low return on equity of 5.7% over last 3 years
Company has a low return on capital employed of 9.7%
Interest coverage is weak at 1.4x - earnings barely cover interest

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

RealtyRealtyConstruction - Real Estate

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	DLF	643.60	35.83	159311.06	1.24	793.90	-89.59	1280.34	-52.87	6.81	49.68
2.	LODHA	1113.00	26.96	111226.00	0.38	1373.10	103.39	4996.70	43.10	16.89	38.51
3.	PHOENIXLTD	1891.15	52.85	67642.25	0.13	394.51	22.95	1074.94	12.80	15.41	59.77
4.	PRESTIGE	1505.00	56.92	64824.90	0.13	271.40	-12.87	2675.10	15.94	11.51	31.75
5.	OBEROIRLTY	1747.40	24.16	63535.85	0.46	543.51	29.02	1300.89	31.73	17.69	56.75
6.	GODREJPROP	1745.00	32.85	52564.02	0.57	349.38	-41.61	506.17	16.48	8.37	-57.98
7.	ANANTRAJ	599.05	37.26	21558.43	0.17	149.19	18.50	631.40	6.58	12.23	29.53
8.	BRIGADE	638.90	30.00	20844.71	0.24	216.94	37.35	1115.55	-12.93	11.02	32.33
9.	ABREL	1284.65	108.49	14348.99	0.19	-34.59	-27.73	188.85	30.95	-4.54	-30.02
10.	SOBHA	1217.35	56.45	13020.02	0.49	50.85	273.37	1278.15	50.03	6.96	6.07
11.	SIGNATURE	762.15	10.27	10722.39	0.00	-16.53	-148.00	551.99	-36.24	34.77	-8.10
12.	ASHIANA	347.50	29.53	3493.24	0.43	13.11	3.07	107.44	-63.30	8.78	7.01

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	121	344	184	289	123	55	133	218	293	166	362	323	107
	113	313	152	269	129	66	116	200	281	136	294	303	103
Operating Profit	8	31	32	19	-6	-12	17	18	12	29	68	20	4
OPM %	6.58%	9.12%	17.58%	6.65%	-4.69%	-21.51%	12.92%	8.28%	4.04%	17.59%	18.87%	6.28%	3.70%
	8	5	5	7	5	5	2	12	10	11	12	12	12
Interest	1	1	0	0	2	1	1	-0	0	0	0	1	0
Depreciation	2	2	3	2	3	3	3	3	3	3	3	3	3
Profit before Tax	13	35	35	25	-5	-10	15	26	18	36	76	29	16
Tax %	16.45%	22.70%	19.65%	29.86%	-19.26%	28.03%	27.21%	22.63%	29.53%	23.82%	25.49%	26.90%	19.57%
Net Profit	0	0	0	0	-5	-8	11	20	13	28	57	21	13
	1.09	2.72	2.78	1.72	-0.51	-0.80	1.11	2.06	1.31	2.82	5.66	2.20	1.36

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	529	382	321	338	304	242	222	410	944	529	958
	385	287	265	302	313	237	220	355	835	455	836
Operating Profit	144	95	56	36	-10	5	2	55	109	74	122
OPM %	27.17%	24.83%	17.53%	10.65%	-3.16%	2.25%	0.89%	13.39%	11.50%	13.99%	12.70%
	14	15	14	13	-4	17	9	16	27	24	47
Interest	6	10	14	17	17	14	17	28	18	59	1
Depreciation	8	8	7	8	9	9	8	8	9	13	13
Profit before Tax	143	91	49	24	-39	0	-15	34	108	26	157
Tax %	26.16%	26.75%	21.56%	42.46%	23.23%	-473.33%	51.87%	18.78%	22.62%	30.36%	24.75%
Net Profit	106	67	38	14	-30	2	-7	28	83	18	118
EPS	0.00	0.00	0.00	0.00	0.00	0.40	-0.64	2.81	8.30	1.81	—
Dividend Payout %	4.84%	3.82%	6.69%	18.57%	-10.15%	238.02%	-130.60%	18.36%	18.08%	137.79%	—

COMPOUNDED SALES GROWTH

10 Years:: 14%
5 Years:: 12%
3 Years:: 34%

COMPOUNDED PROFIT GROWTH

10 Years:: -9%
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: 8%
5 Years:: 13%
3 Years:: 19%
1 Year:: 11%

RETURN ON EQUITY

10 Years:: 5%
5 Years:: 3%
3 Years:: 6%
Last Year:: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	20	20	20	20	20	20	20	20	20	20
	630	702	745	761	729	730	716	739	750	744
	85	108	160	188	166	100	212	228	198	324
Trade Payables	20	14	18	14	23	26	27	37	53	74
	444	413	322	238	243	472	876	1,156	1,377	2,323
Total Liabilities	1,200	1,258	1,266	1,222	1,182	1,349	1,851	2,181	2,398	3,484
	63	59	54	60	55	58	53	49	73	98
Capital Work in Progress	1	0	0	0	0	0	0	3	0	0
	178	201	225	187	128	126	138	101	108	206
	614	670	638	625	620	741	1,247	1,529	1,526	2,285
	0	0	0	0	0	0	0	0	40	40
Cash & Bank	101	53	42	64	93	154	127	156	231	393
	242	275	308	286	287	271	285	343	420	463
Total Assets	1,200	1,258	1,266	1,222	1,182	1,349	1,851	2,181	2,398	3,484

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-50	-27	-45	-4	48	123	-78	18	212	239
Cash from Investing	121	-24	11	31	64	12	-22	32	-10	-123
Cash from Financing	18	15	32	2	-63	-73	81	-14	-128	52
	60	-48	-11	22	29	61	-27	29	75	163

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	61.11	61.11	61.11	61.11	61.11	61.11	61.11	61.11	61.11
	8.34	7.46	7.47	7.74	7.88	7.87	7.89	8.29	8.19
	6.99	7.85	7.75	7.75	8.06	8.06	8.06	8.07	8.08
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	23.57	23.58	23.67	23.40	22.96	22.96	22.94	22.54	22.63

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-09

Copy of Newspaper Publication

2026-09-09 - Ashiana Housing Limited has informed the Exchange about Copy of Newspaper Publication of the notice of 40th Annual General Meeting to be held on 29th September 2026

2026-09-07

Record Date

2026-09-07 - Ashiana Housing Limited has informed the Exchange that Record date for the purpose of DI is 22-Sep-2026.

2026-09-07

General Updates

2026-09-07 - Ashiana Housing Limited has informed the Exchange about Notice of AGM to be held on 29th September 2026 alongwith the Annual Report for FY 2025-26

2026-09-07

Shareholders meeting

2026-09-07 - Ashiana Housing Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 29, 2026 along with the Annual Report for FY 2025-26

2026-09-03

General Updates

2026-09-03 - Ashiana Housing Limited has informed the Exchange regarding penalty imposed by Rajasthan RERA Authority for delay in submission of CC/OC on RERA Website

2026-09-03

General Updates

2026-09-03 - Ashiana Housing Limited has informed the Exchange about Order received under Section 74 of the TNGST Act, 2017

2026-09-01

General Updates

2026-09-01 - Ashiana Housing Limited has informed the Exchange about performance of the company for the month ended 31st August 2026, as per the details mentioned in the pdf attached.

2026-08-24

General Updates

2026-08-24 - Ashiana Housing Limited has informed the Exchange regarding payment of Interest and Partial Redemption i.r.o of Non- Convertible debentures listed on BSE bearing ISIN INE365D08026

2026-08-19

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-19 - Ashiana Housing Limited has informed the Exchange about Schedule of meet

News

Recent coverage and analyst commentary for ASHIANA

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Ashiana Housing Ltd.

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Name

DLF

643.60

35.83

159311.06

1.24

793.90

-89.59

1280.34

-52.87

6.81

49.68

LODHA

1113.00

26.96

111226.00

0.38

1373.10

103.39

4996.70

43.10

16.89

38.51

PHOENIXLTD

1891.15

52.85

67642.25

0.13

394.51

22.95

1074.94

12.80

15.41

59.77

PRESTIGE

1505.00

56.92

64824.90

0.13

271.40

-12.87

2675.10

15.94

11.51

31.75

OBEROIRLTY

1747.40

24.16

63535.85

0.46

543.51

29.02

1300.89

31.73

17.69

56.75

GODREJPROP

1745.00

32.85

52564.02

0.57

349.38

-41.61

506.17

16.48

8.37

-57.98

ANANTRAJ

599.05

37.26

21558.43

0.17

149.19

18.50

631.40

6.58

12.23

29.53

BRIGADE

638.90

30.00

20844.71

0.24

216.94

37.35

1115.55

-12.93

11.02

32.33

ABREL

1284.65

108.49

14348.99

0.19

-34.59

-27.73

188.85

30.95

-4.54

-30.02

SOBHA

1217.35

56.45

13020.02

0.49

50.85

273.37

1278.15

50.03

6.96

6.07

SIGNATURE

762.15

10.27

10722.39

0.00

-16.53

-148.00

551.99

-36.24

34.77

-8.10

ASHIANA

347.50

29.53

3493.24

0.43

13.11

3.07

107.44

-63.30

8.78

7.01

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

121

344

184

289

123

133

218

293

166

362

323

107

113

313

152

269

129

116

200

281

136

294

303

103

Operating Profit

-6

-12

OPM %

6.58%

9.12%

17.58%

6.65%

-4.69%

-21.51%

12.92%

8.28%

4.04%

17.59%

18.87%

6.28%

3.70%

Interest

-0

Depreciation

Profit before Tax

-5

-10

Tax %

16.45%

22.70%

19.65%

29.86%

-19.26%

28.03%

27.21%

22.63%

29.53%

23.82%

25.49%

26.90%

19.57%

Net Profit

-5

-8

1.09

2.72

2.78

1.72

-0.51

-0.80

1.11

2.06

1.31

2.82

5.66

2.20

1.36

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

529

382

321

338

304

242

222

410

944

529

958

385

287

265

302

313

237

220

355

835

455

836

Operating Profit

144

-10

109

122

OPM %

27.17%

24.83%

17.53%

10.65%

-3.16%

2.25%

0.89%

13.39%

11.50%

13.99%

12.70%

-4

Interest

Depreciation

Profit before Tax

143

-39

-15

108

157

Tax %

26.16%

26.75%

21.56%

42.46%

23.23%

-473.33%

51.87%

18.78%

22.62%

30.36%

24.75%

Net Profit

106

-30

-7

118

EPS

0.00

0.40

-0.64

2.81

8.30

1.81

—

Dividend Payout %

4.84%

3.82%

6.69%

18.57%

-10.15%

238.02%

-130.60%

18.36%

18.08%

137.79%

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

630

702

745

761

729

730

716

739

750

744

108

160

188

166

100

212

228

198

324

Trade Payables

444

413

322

238

243

472

876

1,156

1,377

2,323

Total Liabilities

1,200

1,258

1,266

1,222

1,182

1,349

1,851

2,181

2,398

3,484

Capital Work in Progress

178

201

225

187

128

126

138

101

108

206

614

670

638

625

620

741

1,247

1,529

1,526

2,285

Cash & Bank

101

154

127

156

231

393

242

275

308

286

287

271

285

343

420

463

Total Assets

1,200

1,258

1,266

1,222

1,182

1,349

1,851

2,181

2,398

3,484

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-50

-27

-45

-4

123

-78

212

239

Cash from Investing

121

-24

-22

-10

-123

Cash from Financing

-63

-73

-14

-128

-48

-11

-27

163

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

61.11

8.34

7.46

7.47

7.74

7.88

7.87

7.89

8.29

8.19

6.99

7.85

7.75

8.06

8.07

8.08

Government

0.00

23.57

23.58

23.67

23.40

22.96

22.94

22.54

22.63

Ashiana Housing Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Ashiana Housing Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI