Ashiana Housing is principal business activity of the company is Real Estate Development.
Focus on Quick DeliveryAshiana'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]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | DLF | 649.85 | 41.74 | 161117.98 | 0.92 | 1180.09 | -27.08 | 1643.04 | -16.81 | 6.51 | 9016.03 | 22.47 | 3859.74 | 1007.10 | 3.74 | 7.30 | 0.04 |
| 2. | Lodha Developers | 1070.90 | 32.13 | 106979.56 | 0.40 | 789.80 | 86.50 | 3798.50 | 44.67 | 15.62 | 15597.50 | 29.61 | 3329.50 | 788.70 | 5.03 | 5.70 | 0.45 |
| 3. | Phoenix Mills | 1859.00 | 62.17 | 66509.56 | 0.13 | 384.09 | 39.38 | 1115.43 | 21.51 | 10.75 | 4059.89 | 57.73 | 1069.86 | 303.99 | 6.16 | 6.11 | 0.46 |
| 4. | Prestige Estates | 1523.20 | 85.84 | 65711.76 | 0.12 | 457.40 | 123.88 | 2431.70 | 5.52 | 7.66 | 7921.90 | 36.60 | 765.50 | 430.30 | 4.15 | 1.15 | 0.92 |
| 5. | Oberoi Realty | 1664.50 | 27.12 | 60560.17 | 0.48 | 760.26 | 28.98 | 1779.04 | 34.79 | 17.73 | 5327.81 | 56.59 | 2233.06 | 760.26 | 3.62 | 10.23 | 0.18 |
| 6. | Godrej Propert. | 1889.00 | 36.71 | 56890.28 | 0.00 | 402.99 | 20.84 | 740.38 | -32.28 | 6.57 | 4265.55 | -18.34 | 1549.83 | 405.08 | 3.11 | 2.67 | 0.89 |
| 7. | Brigade Enterpr. | 837.30 | 25.73 | 20468.19 | 0.30 | 170.28 | 36.58 | 1383.37 | 29.03 | 13.34 | 5588.84 | 26.50 | 795.44 | 162.50 | 3.16 | 3.39 | 0.83 |
| 8. | Ashiana Housing | 294.75 | 37.41 | 2970.13 | 0.85 | 32.20 | 559.34 | 146.23 | 281.80 | 3.56 | 733.99 | 10.70 | 79.40 | 32.20 | 3.72 | 0.74 | 0.44 |
| – | Median: 94 Co. | 171.52 | 33.22 | 829.63 | 0.0 | 4.6 | 5.58 | 47.48 | 9.84 | 7.71 | 174.32 | 16.52 | 11.74 | 3.85 | 2.81 | 2.39 | 0.44 |
Standalone figures in ₹ crores
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 73 | 115 | 99 | 105 | 328 | 166 | 277 | 104 | 38 | 114 | 200 | 274 | 146 |
Expenses | 76 | 105 | 90 | 97 | 294 | 135 | 256 | 109 | 47 | 96 | 182 | 261 | 116 |
Operating Profit | -3 | 10 | 9 | 8 | 34 | 31 | 20 | -4 | -9 | 18 | 18 | 12 | 30 |
Other Income | 4 | 4 | 4 | 7 | 4 | 4 | 7 | 4 | 4 | 1 | 12 | 9 | 15 |
Profit before tax | -2 | 11 | 11 | 13 | 35 | 32 | 25 | -4 | -9 | 15 | 27 | 18 | 41 |
Tax % | -55% | 25% | 14% | 15% | 24% | 20% | 29% | 21% | -21% | 27% | 26% | 28% | 22% |
Net Profit | -1 | 8 | 9 | 11 | 26 | 26 | 17 | -5 | -7 | 11 | 20 | 13 | 32 |
EPS in Rs | -0.09 | 0.81 | 0.91 | 1.05 | 2.63 | 2.56 | 1.73 | -0.53 | -0.70 | 1.10 | 1.96 | 1.27 | 3.20 |
Standalone Figures in ₹ Crores / Yearly
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 77 | 120 | 506 | 356 | 289 | 302 | 262 | 202 | 172 | 353 | 878 | 457 | 734 |
Expenses | 61 | 84 | 365 | 264 | 234 | 263 | 270 | 197 | 178 | 322 | 782 | 434 | 655 |
Operating Profit | 15 | 37 | 141 | 92 | 55 | 39 | -8 | 5 | -6 | 31 | 96 | 23 | 79 |
Other Income | 11 | 20 | 14 | 14 | 12 | 10 | -6 | 16 | 6 | 12 | 19 | 20 | 36 |
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 | 101 |
Net Profit | 21 | 46 | 108 | 67 | 39 | 18 | -28 | 4 | -6 | 27 | 80 | 18 | 76 |
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 | 7.53 |
Dividend Payout % | 22% | 11% | 5% | 4% | 7% | 14% | -11% | 113% | -155% | 19% | 19% | 82% | – |
Standalone figures in ₹ crores
| 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 |
Borrowings | 12 | 36 | 68 | 89 | 134 | 160 | 124 | 65 | 172 | 184 | 148 | 276 | 350 |
Other Liabilities | 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 |
Fixed Assets | 55 | 62 | 63 | 86 | 120 | 121 | 129 | 96 | 91 | 73 | 101 | 126 | 120 |
Gross Block | 68.65 | 86.64 | 70.59 | 100.57 | 141.65 | 148.76 | 163.90 | 135.05 | 133.87 | 112.99 | 144.16 | 178.43 | – |
Accumulated Depreciation | 13.79 | 24.35 | 7.70 | 15.01 | 21.46 | 28.04 | 35.04 | 39.55 | 42.52 | 40.20 | 43.39 | 52.07 | – |
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 |
Other Assets | 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 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | -28 | -21 | -102 | -49 | -58 | -14 | 34 | 118 | -86 | 1 | 201 | 247 |
Cash from Investing Activity | 35 | -201 | 139 | -7 | 19 | 28 | 57 | 13 | -25 | 30 | -4 | -119 |
Cash from Financing Activity | -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 |
Standalone Figures in ₹ Crores / Yearly
| 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% |
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Stock Analysis
Ashiana Housing Ltd. is a real estate developer in India, primarily focused on mid-income housing and senior living projects, aiming for timely delivery and good project margins.
The company is actively launching new projects and phases, such as Ashiana Amaya (Jamshedpur) and Vatsalya Phase-II (Chennai) in Q3 FY26, and commencing handovers for several other projects. This indicates continued efforts to expand its project pipeline and sales activities.
For Q3 FY'26, the value of area sold was ₹401.07 crore. For the nine months ending December 31, 2025 (9M FY'26), the value of area sold was ₹1135.47 crore. These figures represent actual sales achieved during the periods.
Year-on-year performance in Q3 and 9M FY26 shows a decline in both area booked and sales value, partly due to strong comparable periods driven by specific large project launches in the previous year.
Currently no data available for Key Dates To Watch.
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