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Ashiana Housing Ltd (ASHIANA)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523716 NSE: ASHIANA Construction - Real Estate | Small Cap | Ashiana Housing Share Price
₹375.20 2.45 (0.66%)
As on 12-Oct'26 16:59
Ashiana Housing Ltd (ASHIANA)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523716 NSE: ASHIANA Construction - Real Estate | Small Cap | Ashiana Housing Share Price
₹375.20 2.45 (0.66%)
As on 12-Oct'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹3,772 Cr.
Current Price
₹375.2
52-Week Low / High
₹270 / 448
TTM EPS
₹11.8
TTM Sales
₹958 Cr.
Book Value per Share
₹86.9
P/E Ratio
31.89
Lower than its 5-year historical median
Industry PE
41.6
Price to Book (P/B)
4.32
Higher than its 5-year historical median
Price to Sales (P/S)
3.94
Lower than its 5-year historical median
EV/EBITDA
20.14
Lower than its 5-year historical median
Dividend Yield
0.67%
Profitability Efficiency
Return on Equity (ROE)
14.52%
Outperforms industry median
Return on Capital Employed (ROCE)
21.59%
Outperforms industry median
Return on Assets (ROA)
3.04%
Operating Profit Margin
17.8%
Net Profit Margin
10.31%
Gross Profit Margin
15.1%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
132.66%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
175.86%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
546.33%
Asset Quality
Promoter Holding
61.11%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹853 Cr.
Equity
₹20.1 Cr.
Face Value
₹2
All Time Low / High
₹0.03 / 468.00
Check Before You Invest
Quality
Not GoodValuation
FairCheck Valuation charts
Price Trend
Semi Strong
Is Ashiana Housing Ltd a good quality company?
Ashiana Housing Ltd is a weak quality company, based on a inconsistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Ashiana Housing Ltd performance compare with that of its Peers?
Revenue growth of Ashiana Housing Ltd vs industry peers?
Ashiana Housing Ltd revenue CAGR is 36.41%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Ashiana Housing Ltd?
Promoters hold 61.11% of the Ashiana Housing Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Ashiana Housing Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 10% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Ashiana Housing Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 13.3% | 7.2% | 4.7% | -2.1% | 2% | 0.6% | 6.5% | 13.1% | 9% | 22.1% | - |
| Value Creation Index ⓘ | -0.1 | -0.5 | -0.7 | -1.2 | -0.9 | -1.0 | -0.5 | -0.1 | -0.4 | 0.6 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 356 | 289 | 302 | 262 | 202 | 172 | 353 | 878 | 457 | 1,063 | 873 |
| Sales YoY Gr. | - | -18.8% | 4.4% | -13.1% | -23.2% | -14.7% | 105.1% | 148.9% | -48% | 132.7% | - |
| Adj EPS ⓘ | 6.2 | 3.5 | 1.7 | -1.7 | -0.2 | -0.6 | 2.6 | 7.6 | 2.1 | 11.6 | 12.3 |
| YoY Gr. | - | -43.5% | -52.4% | -201.2% | NA | NA | NA | 191.6% | -72.4% | 450.2% | - |
| BVPS (₹) ⓘ | 70.7 | 74.9 | 76.7 | 73.7 | 73.9 | 72.4 | 74.6 | 76.7 | 76.1 | 86.1 | 87.4 |
| Adj Net Profit ⓘ | 63.6 | 36 | 17.1 | -17.3 | -1.6 | -6.1 | 26.8 | 76.8 | 21.2 | 117 | 124 |
| Cash Flow from Ops. ⓘ | -49.2 | -58.1 | -13.8 | 33.9 | 118 | -86.5 | 0.9 | 201 | 247 | 327 | - |
| Debt/CF from Ops. ⓘ | -1.8 | -2.3 | -11.6 | 3.7 | 0.4 | -1.9 | 199.1 | 0.7 | 1.1 | 0.9 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 12.9% | 39.4% | 44.4% | 132.7% | ||||
| Adj EPS ⓘ | 7.2% | NA | 64.3% | 450.2% | ||||
| BVPSⓘ | 2.2% | 3.1% | 4.9% | 13.2% | ||||
| Share Price | 9.9% | 13.8% | 17.7% | 27.3% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 9.3 | 4.8 | 2.2 | -2.3 | -0.2 | -0.8 | 3.6 | 10 | 2.8 | 14.3 | 14.2 |
| Op. Profit Mgn % ⓘ | 26.8 | 19.8 | 13.4 | -1.7 | 4.7 | 3.8 | 15.7 | 12.3 | 17.4 | 19.6 | 14.8 |
| Net Profit Mgn % ⓘ | 17.9 | 12.4 | 5.7 | -6.6 | -0.8 | -3.5 | 7.6 | 8.7 | 4.7 | 11 | 14.2 |
| Debt to Equity ⓘ | 0.1 | 0.2 | 0.2 | 0.2 | 0.1 | 0.2 | 0.2 | 0.2 | 0.3 | 0.4 | - |
| Working Cap Days ⓘ | 913 | 1,179 | 1,107 | 1,237 | 1,703 | 2,631 | 1,702 | 779 | 1,866 | 1,021 | 253 |
| Cash Conv. Cycle ⓘ | 659 | 827 | 755 | 862 | 1,203 | 2,107 | 1,390 | 620 | 1,509 | 832 | 69 |
Valuation of Ashiana Housing - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 382 | 321 | 338 | 304 | 242 | 222 | 410 | 944 | 529 | 1,143 |
| Operating Expenses ⓘ + | 287 | 265 | 302 | 313 | 237 | 220 | 355 | 835 | 455 | 939 |
| Operating Profit ⓘ | 95 | 56 | 36 | -10 | 5 | 2 | 55 | 109 | 74 | 204 |
| Operating Profit Margin (%) | 24.8% | 17.5% | 10.6% | -3.2% | 2.3% | 0.9% | 13.4% | 11.5% | 14.0% | 17.8% |
| Other Income ⓘ + | 15 | 14 | 13 | 14 | 17 | 13 | 16 | 27 | 29 | 46 |
| Interest ⓘ | 10 | 14 | 17 | 17 | 14 | 17 | 28 | 18 | 59 | 77 |
| Depreciation ⓘ | 8 | 7 | 8 | 9 | 9 | 8 | 8 | 9 | 13 | 13 |
| Profit Before Tax ⓘ | 91 | 49 | 24 | -39 | 0 | -15 | 34 | 108 | 26 | 159 |
| Tax ⓘ | 24 | 11 | 10 | -9 | -1 | -8 | 6 | 24 | 8 | 41 |
| Profit After Tax | 67 | 38 | 14 | -30 | 2 | -7 | 28 | 83 | 18 | 118 |
| PAT Margin (%) | 17.5% | 11.9% | 4.1% | -10.0% | 0.7% | -3.2% | 6.8% | 8.8% | 3.5% | 10.3% |
| Adjusted EPS (₹) | 6.6 | 3.7 | 1.4 | -3.0 | 0.2 | -0.7 | 2.7 | 8.3 | 1.8 | 11.7 |
| Dividend Payout Ratio (%) | 3.80% | 6.70% | 18.60% | -10.20% | 238% | -130.60% | 18.40% | 18.10% | 137.80% | 21.30% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 723 | 766 | 782 | 750 | 751 | 736 | 760 | 770 | 764 | 859 | |
| Debt + | 79 | 124 | 146 | 104 | 51 | 161 | 179 | 147 | 260 | 273 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 14 | 18 | 14 | 23 | 26 | 27 | 37 | 53 | 74 | 82 | |
| Others Liabilities ⓘ | 442 | 359 | 281 | 305 | 522 | 927 | 1,205 | 1,428 | 2,386 | 3,068 | |
| Total Liabilities ⓘ | 1,258 | 1,266 | 1,222 | 1,182 | 1,349 | 1,851 | 2,181 | 2,398 | 3,484 | 4,282 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 59 | 54 | 60 | 55 | 58 | 53 | 49 | 73 | 98 | 106 | |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 0 | 0 | 0 | |
| Investments ⓘ | 201 | 225 | 187 | 128 | 126 | 138 | 101 | 108 | 206 | 286 | |
| Inventories | 670 | 638 | 625 | 620 | 741 | 1,247 | 1,529 | 1,526 | 2,285 | 2,701 | |
| Trade Receivables | 24 | 25 | 23 | 32 | 27 | 25 | 33 | 40 | 40 | 43 | |
| Cash Equivalents | 53 | 42 | 64 | 93 | 154 | 127 | 156 | 231 | 393 | 625 | |
| Others Assets ⓘ | 252 | 282 | 263 | 255 | 244 | 261 | 310 | 420 | 463 | 521 | |
| Total Assets ⓘ | 1,258 | 1,266 | 1,222 | 1,182 | 1,349 | 1,851 | 2,181 | 2,398 | 3,484 | 4,282 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -39 | -54 | -10 | 28 | 121 | -85 | 12 | 212 | 234 | 342 |
| Cash Flow From Investing Activity ⓘ + | -24 | 11 | 31 | 64 | 12 | -22 | 32 | -10 | -123 | -52 |
| Cash Flow From Financing Activity ⓘ | 15 | 32 | 2 | -63 | -73 | 81 | -14 | -128 | 52 | -58 |
| Net Proceeds from Shares ⓘ + | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | -48 | -11 | 22 | 29 | 61 | -27 | 29 | 75 | 163 | 232 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 9.76 | 5.14 | 1.78 | -3.95 | 0.23 | -0.95 | 3.73 | 10.9 | 2.38 | 14.52 |
| ROCE (%) | 13.32 | 7.3 | 4.42 | -2.46 | 1.66 | 0.28 | 6.74 | 13.57 | 8.78 | 21.59 |
| Asset Turnover Ratio | 0.31 | 0.25 | 0.27 | 0.25 | 0.19 | 0.14 | 0.2 | 0.41 | 0.18 | 0.29 |
| PAT to CFO Conversion(x) | -0.58 | -1.42 | -0.71 | N/A | 60.5 | N/A | 0.43 | 2.55 | 13 | 2.9 |
| Working Capital Days | ||||||||||
| Receivable Days | 24.20 | 28 | 26.10 | 32.90 | 44.60 | 42.80 | 25.80 | 14.10 | 27.60 | 13.20 |
| Inventory Days | 613 | 742.50 | 682.60 | 748.30 | 1,026.20 | 1,636 | 1,236.60 | 590.80 | 1,315.40 | 796.10 |
| Payable Days | 74.50 | 70.90 | 47.20 | 58.40 | 128.60 | 0 | 239.60 | 36.10 | -2,480.40 | 91.60 |
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Ashiana Housing Ltd FAQs
The current trading price of Ashiana Housing on 12-Oct-2026 16:59 is ₹375.2.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 11-Oct-2026 the market cap of Ashiana Housing stood at ₹3,771.7 Cr
The latest P/E ratio of Ashiana Housing as of 11-Oct-2026 is 30.43.
The latest P/B ratio of Ashiana Housing as of 11-Oct-2026 is 4.29.
The 52-week high of Ashiana Housing is ₹448.0 and the 52-week low is ₹269.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ashiana Housing is ₹873 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Ashiana Housing Ltd is a below average quality company.
The key valuation ratios of Ashiana Housing Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Ashiana Housing Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
About Ashiana Housing Ltd
Ashiana Housing was incorporated as a public limited company on Jun. 25, 1986 and got its present name on May 4, 2007. The registered office is located at 5-F Everest, 46/C, Chowringhee Road, Kolkata-700071. It is a real estate developer with a focus on housing. The company is part of the Ashiana group which commenced real estate development operations at Patna in 1979 and since then has extended its activities to Jamshedpur, Ghaziabad, Indirapuram, Bhiwadi, Gurgaon, Greater Noida, Jaipur, Jodhpur and lucknow. Ashiana Homes, a private limited company is also part of the group.
The company operates in the Jamshedpur, Bhiwadi, Jaipur, Jodhpur and Lucknow areas and has successfully completed housing projects such as Ashiana Villas and Ashiana Rangoli in Bhiwadi, Residency Greens and Ashiana Suncity in Jamshedpur, Plaza and Shantiniketan in Patna. It has successfully entered into development of commercial real estate with projects like the Ashiana Village Mall and Ashiana Gymkhana Club in Bhiwadi.
It has entered into joint venture for Greenwoods in Jaipur and Amarbagh in Jodhpur. Vatika Marketing and Ashiana Retirement Villages are subsidiaries of the company. It has branch offices at Jamshedpur, Bhiwadi and Jaipur.
Milestones
2010
Ashiana Hous - Hands over Ashiana Aangan Phase-II.
Ashiana Hous - Launch of Phase -2 of Utsav Project in Lavasa.
Launched Rangoli Gardens in Jaipur - the largest project of company till date
Got listed under Forbes Asia's Best Under a Billion 200 list of companies twice in a row.
Awarded for the Corporate Social Responsibility work at Bhiwadi second time. (2012, 2010)
2011
Launched Utsav Care Homes.
AshinaHsng&F - Forbes Ranks Ashiana Housing Ltd in 'Asia's Best Under a Billion' Companies.
Ashiana Aangan and Woodlands awarded Best Residential Projects in Zee Business RICS Property Awards 2011.
Awarded as India’s Best Residential Project in North - Ashiana Aangan, Bhiwadi & Awarded as India’s Best Residential Project East - Ashiana Woodlands, Jamshedpur
2012
CREDAI India awards Ashiana Utsav, Bhiwadi the Best Theme Based Township (Non-Metro).
Awarded for Best affordable housing in India & NCR by CNBC Awaaz Real Estate awards 2012
Ashiana Utsav - Senior Living, Bhiwadi awarded as the Best Theme Based Township under non-metro category
Ashiana Aangan, Bhiwadi awarded as Best Affordable Housing in India & also awarded as Best Affordable Housing in Delhi - NCR
2013
Unveiled new identity of Ashiana
Awarded for the contribution made in the field of Education by Govt. of Rajasthan 2013
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