MarketFriction

Ashiana Housing Ltd

NSE ASHIANA · BSE 523716 · Residential, Commercial Projects
₹383.95 -0.53%
NSE close2026-10-01
52 week range269.45 - 435.90
Market cap₹3,926 Cr.
P/E33.2
Price band 20% Delivery 55.7%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales34618429012355133218293166362323107
Expenses31315226912966116200281136294303100
Operating Profit333320-6-121718122968208
OPM %10%18%7%-4.7%-22%13%8%4.0%18%19%6%7%
Other Income557552121011111212
Interest100211-000010
Depreciation232333333333
Profit before tax353525-5-1015261836762916
Tax %23%20%30%19%-28%27%23%30%24%25%27%20%
Net Profit272817-5-811201328572113
EPS in Rs2.722.771.73-0.54-0.751.082.021.272.745.642.091.30
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5293823213383042422224109445291,143958
Expenses3892912673033172412313798475111,014832
Operating Profit140915434-131-9309718130125
OPM %27%24%17%10%-4.3%0.4%-4.0%7%10%3.3%11%13%
Other Income14151413-41781623244447
Interest371215149532221
Depreciation887899889131313
Profit before tax143914924-390-153410826159157
Tax %26%27%22%42%-23%-473%-52%19%23%30%26%
Net Profit106673814-302-7288318118118
EPS in Rs10.346.553.741.35-2.950.17-0.692.728.301.8111.7311.77
Dividend Payout %5%4%7%19%-10%238%-131%18%18%83%13%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth8%36%41%37%
Compounded Profit Growth1%83%61%195%
Stock Price CAGR11%15%24%34%
Return on Equity4%6%9%14%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital202020202020202020202020
Reserves502630702745761729730716739750744839
Borrowings37688913816312468174184148276323
Other Liabilities6194654093282492995219541,2561,4842,4483,101
Total Liabilities1,1791,1831,2201,2321,1941,1731,3391,8642,2002,4023,4884,284
Fixed Assets686386121121130989374101128133
CWIP410000003000
Investments2551781741581286686138101108206286
Other Assets8539419609539459761,1551,6332,0222,1923,1533,865
Total Assets1,1791,1831,2201,2321,1941,1731,3391,8642,2002,4023,4884,284
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-4-79-39-54-1028121-6112212234342
Cash from Investing Activity-203121-2411316412-4732-10-123-52
Cash from Financing Activity2131815322-63-7381-14-12852-58
Net Cash Flow660-48-11222961-272975163232
Free Cash Flow-30-83-43-71-1924134-65-4182195318
CFO/OP-2%-36%-29%-83%-12%-235%14,143%654%60%242%1,395%298%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days351923292538414129152814
Inventory Days4,7369,4953,2614,7012,736
Days Payable1582637317695
Cash Conversion Cycle354,596239,2613,2134,5634141292,6562814
Working Capital Days43226647558566367871590251719022542
ROCE %10%23%12%7%4%-1%0%-1%4%11%3%14%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters61.11%61.11%61.11%61.11%61.11%61.11%61.11%61.11%61.11%61.11%61.11%61.11%
FIIs7.86%8.24%8.28%8.34%7.46%7.47%7.74%7.88%7.87%7.90%8.29%8.19%
DIIs7.40%7.33%7.08%6.99%7.85%7.75%7.75%8.06%8.06%8.06%8.07%8.08%
Public23.64%23.32%23.54%23.57%23.58%23.67%23.41%22.96%22.95%22.93%22.55%22.63%
No. of Shareholders20,28719,55622,30423,34124,01824,70525,56325,08624,98424,30623,19424,051

Fundamentals

Market Cap₹ 3,926 Cr.
Current Price₹ 391
Stock P/E33.2
Book Value₹ 86.9
ROCE14.0 %
ROE13.8 %
Dividend Yield0.64 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)37%
Compounded Profit Growth (TTM)195%
Consolidated figures.
Valuation
Market capRs 3,860 Cr
Enterprise valueRs 3,558 Cr
P/E (TTM)32.63x
Price to book4.49x
Price to sales4.03x
EV / EBITDA20.69x
EV / EBIT22.42x
EV / sales3.71x
Price to cash flow11.28x
Earnings yield3.06%
Dividend yield0.39%
P/E, 3-year average72.82x
P/B, 3-year average3.57x
P/E, 5-year average70.13x
P/B, 5-year average2.98x
Profitability
Operating margin (excl. other income)11.33%
Operating margin (incl. other income)15.22%
EBITDA margin17.96%
Pre-tax margin16.41%
Net profit margin12.35%
Net margin, latest quarter12.20%
ROE14.52%
ROCE14.45%
ROA3.03%
ROE, 3-year average9.27%
ROCE, 3-year average9.72%
ROA, 3-year average2.43%
ROE, 5-year average6.12%
ROCE, 5-year average6.41%
ROA, 5-year average1.64%
ROIC (approx.)21.11%
Tax rate25.83%
Other income / net worth5.17%
Growth
Sales growth (latest year)116.18%
Profit growth (latest year)546.33%
Sales CAGR, 3 years40.78%
Sales CAGR, 5 years36.41%
Profit CAGR, 3 years61.71%
Profit CAGR, 5 years132.91%
Sales growth QoQ-66.72%
Profit growth QoQ-37.51%
Sales growth YoY (latest quarter)-63.30%
Profit growth YoY (latest quarter)3.07%
Per share
EPS (TTM)Rs 11.77
EPS (latest year)Rs 11.73
EPS (latest quarter)Rs 1.30
EPS, 3-year averageRs 7.28
EPS, 5-year averageRs 4.77
Book value per shareRs 85.50
Sales per shareRs 95.27
Cash flow per shareRs 34.04
Free cash flow per shareRs 31.63
Dividend per share (latest year)Rs 1.50
Dividend per share, 3-year averageRs 1.50
Dividend per share, 5-year averageRs 1.18
Dividends
Dividend payout12.79%
Dividend payout, 3-year average37.85%
Dividend payout, 5-year average32.98%
Efficiency
Asset turnover0.27x
Fixed asset turnover8.62x
Inventory turnover0.30x
Inventory days1198 days
Debtor days14 days
Debtors turnover26.76x
Creditor days95 days
Cash conversion cycle14 days
Working capital days42 days
Leverage
Total debtRs 323 Cr
Cash and bankRs 625 Cr
Net debtRs -302 Cr
Debt to equity0.38x
Net debt / EBITDA-1.76x
Interest coverage106.50x
Current ratio (filing 2026-03-31)1.33x
Quick ratio (filing 2026-03-31)0.45x
Trade payables (filing 2026-03-31)Rs 82 Cr
Owners' fund to total sources20.06%
Debt to assets7.54%
Cash flow
Cash from Operating Activity (latest year)Rs 342 Cr
Cash from Investing Activity (latest year)Rs -52 Cr
Cash from Financing Activity (latest year)Rs -58 Cr
Net Cash Flow (latest year)Rs 232 Cr
Free cash flow (latest year)Rs 318 Cr
FCFE (approx.: FCF + change in debt)Rs 365 Cr
Cash from ops / profit, 5 years3.08x
Sales to cash flow3.34x
Statement figures
Net sales (TTM)Rs 958 Cr
Net sales (latest year)Rs 1,143 Cr
Sales (latest quarter)Rs 107 Cr
Operating profit excl. other income (latest year)Rs 130 Cr
Operating profit (latest quarter)Rs 8 Cr
Other income (TTM)Rs 47 Cr
EBITDA (TTM)Rs 172 Cr
PBDT (TTM)Rs 170 Cr
Profit before tax (TTM)Rs 157 Cr
Tax (latest year)Rs 41 Cr
Net profit (TTM)Rs 118 Cr
Net profit (latest year)Rs 118 Cr
Net profit (latest quarter)Rs 13 Cr
Depreciation (TTM)Rs 13 Cr
Depreciation (latest quarter)Rs 3 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 823 Cr
Total expenditure (latest year)Rs 1,014 Cr
Total income (latest year)Rs 1,187 Cr
Share capitalRs 20 Cr
ReservesRs 839 Cr
Shareholders' fundsRs 859 Cr
Total assetsRs 4,284 Cr
Net blockRs 133 Cr
InvestmentsRs 286 Cr
ReceivablesRs 43 Cr
InventoryRs 2,701 Cr
Other liabilitiesRs 3,101 Cr
Shares outstanding (crore)10.05
Ownership
Promoter holding61.11% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 32.6 is at the 32th percentile of its own 6.4-year range (median 39.5, low 22.6, high 197.7).
P/B 4.49 is at the 89th percentile (median 2.28).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodASHIANANifty 50Difference
1 week-1.2%-2.8% +1.6 pts
1 month+5.6%-6.8% +12.4 pts
3 months-1.5%-7.6% +6.1 pts
6 months+37.3%+0.4% +36.9 pts
1 year+28.4%-9.9% +38.3 pts
2 years+12.7%-13.6% +26.3 pts
3 years+85.3%+14.2% +71.1 pts
5 years+99.1%+27.9% +71.2 pts
3 mutual fund schemes hold about ₹294 Cr. Over three months 0 bought more and 3 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
SBI Contra Fund0.55%264 -6%
SBI Multi Asset Allocation Fund(A0.14%30 -13%
Motilal Oswal BSE 1000 Index Fund0.01%0 -13%

Red flags

F-score 8 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹107 Cr -63.5% vs Jun 2025. Net profit ₹13 Cr +0.0%.
Against our estimate for Jun 2026: sales -77.2%, profit -75.1% miss. Our estimate for Sep 2026: sales Rs 153 Cr, profit Rs 21 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-22Dividend - Rs 1.50 Per Share
2026-02-18Interim Dividend - Re 1 Per Share
2025-09-18Dividend - Rs 1.50 Per Share
2025-04-11Interim Dividend - Re 1 Per Share
2024-09-17Dividend - Rs 1.50 Per Share
2023-09-21Annual General Meeting/Dividend - Re 0.50 Per Share
2023-07-28Buy Back
2022-09-08Annual General Meeting/Dividend - Re 0.50 Per Share
2022-02-23Interim Dividend - Rs 0.40 Per Share
2021-09-02 Annual General Meeting/Dividend - Rs 0.40 Per Share
2020-08-10 Annual General Meeting/Dividend - Rs 0.30 Per Share
2019-08-22 Annual General Meeting/Dividend - Re 0.25 Per Share
2018-08-14 Annual General Meeting/Dividend- Re 0.25 Per Share
2017-08-16 Annual General Meeting/Dividend - Re 0.25 Per Share
2016-08-09 Annual General Meeting
2016-03-22 Interim Dividend - Re 0.50/- Per Share (Purpose Revised)
2015-08-14 Annual General Meeting/Dividend - Re 0.50 Per Share
2014-08-21Annual General Meeting/Dividend Re.0.50/- Per Share
2013-10-24Face Value Split From Rs.10/- To Rs.2/-0.2000
2013-08-19Annual General Meeting / Dividend - Rs 2.25/- Per Share
2012-07-30Annual General Meeting And Dividend Rs.2.25 Per Share
2011-08-11Annual General Meeting And Dividend Rs.1.75 Per Share
DateTypeWhat it says
2026-10-01General UpdatesPerformance of the Company for the month ended 30th September 2026, as per the details mentioned in the attached pdf
2026-10-01General UpdatesAboutIntimation Of Trading Under Regulation 7(2) Of SEBI (PIT) Regulations, 2015 As Amended From Time To Time
2026-09-30Shareholder meetingVoting results.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2020-02-10CESTATASHIANA HOUSING LIMITED ---VS.--- JODHPUR 1
2019-12-12CESTATASHIANA HOUSING LIMITED ---VS.--- JODHPUR 1
2019-04-01CESTATASHIANA HOUSING LIMITED ---VS.--- ALWAR
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Ashiana Housing Ltd?

Ashiana Housing Ltd (ASHIANA) has a market capitalisation of Rs 3,926 Cr. at the 2026-10-01 close.

What is the P/E ratio of Ashiana Housing Ltd?

Ashiana Housing Ltd trades at a P/E of 33.2 on trailing twelve-month profit, at the 2026-10-01 close.

What were Ashiana Housing Ltd's latest quarterly results?

In the Jun 2026 quarter, Ashiana Housing Ltd sales was Rs 107 Cr (-63.5% vs Jun 2025) and net profit was Rs 13 Cr.

What is the 52-week high and low of Ashiana Housing Ltd?

The 52-week high is Rs 435.90 and the 52-week low is Rs 269.45.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03