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Ashiana Housing Limited
(ASHIANA)
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Rating:69Neutral
Price Target:
₹443.00
▲(19.81% Upside)
Action:Reiterated
Date:09/22/26
The score is driven primarily by improving financial performance (strong recent profitability/cash flow and lower leverage), tempered by cyclicality and volatility in results. Technicals are supportive of a broader uptrend but show signs of near-term stretch and weakening momentum, while valuation is a key headwind due to a high P/E and low dividend yield.
Positive Factors
Revenue and profit recovery
Revenue and profit have recovered sharply from the earlier down-cycle, with annual revenue rising about 41% in 2026 and net income returning to solid profitability. This improves operating scale and supports reinvestment, although durability still depends on project execution.
Negative Factors
Volatile operating results
The sharp revenue decline in 2025 and weaker operating profit show that earnings are not consistently predictable across project cycles. Such volatility can complicate planning, reduce confidence in recurring profitability, and make future results more dependent on development timing and sales execution.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and profit recovery
Revenue and profit have recovered sharply from the earlier down-cycle, with annual revenue rising about 41% in 2026 and net income returning to solid profitability. This improves operating scale and supports reinvestment, although durability still depends on project execution.
Read all positive factors
Ashiana Housing Limited (ASHIANA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹39.25B
Dividend Yield0.39%
Average Volume (3M)4.97K
Price to Earnings (P/E)32.2
Beta (1Y)0.73
Revenue Growth37.12%
EPS Growth224.95%
CountryIN
Employees728
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Development
Share Statistics
EPS (TTM)11.98
Shares Outstanding100,524,860
10 Day Avg. Volume10,435
30 Day Avg. Volume4,971
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)3.20
Price to Sales (P/S)2.41
P/FCF Ratio10.63
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Ashiana Housing Limited Business Overview & Revenue Model
Company Description
Ashiana Housing Limited, operating through its various subsidiaries, functions as a property developer across India. The company constructs a range of residential properties, including comfort-oriented homes located in cities like Bhiwadi, Halol, ...
How the Company Makes Money
Ashiana Housing Limited primarily makes money by developing residential real estate projects and selling units to customers. Key revenue streams generally include: (1) Sale of residential units: The core earnings driver is revenue recognized from ...
Ashiana Housing Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
82
Very Positive
Cash Flow
79
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.58B | 11.43B | 5.29B | 9.35B | 4.02B | 2.04B |
| Gross Profit | 2.33B | 2.19B | 1.61B | 1.60B | 1.19B | 571.17M |
| EBITDA | 1.60B | 1.30B | 422.90M | 1.14B | 380.22M | -27.50M |
| Net Income | 1.18B | 1.18B | 182.40M | 833.96M | 278.78M | -70.42M |
Balance Sheet | ||||||
| Total Assets | 45.69B | 42.64B | 34.88B | 24.06B | 22.02B | 18.64B |
| Cash, Cash Equivalents and Short-Term Investments | 8.17B | 8.74B | 5.99B | 3.39B | 2.22B | 2.41B |
| Total Debt | 3.07B | 3.23B | 2.76B | 1.48B | 1.84B | 1.74B |
| Total Liabilities | 36.96B | 34.24B | 27.24B | 16.35B | 14.42B | 11.28B |
| Stockholders Equity | 8.73B | 8.59B | 7.64B | 7.70B | 7.60B | 7.36B |
Cash Flow | ||||||
| Free Cash Flow | 868.90M | 2.59B | 1.94B | 1.78B | -95.50M | -873.00M |
| Operating Cash Flow | 1.02B | 2.87B | 2.34B | 2.09B | 115.90M | -716.90M |
| Investing Cash Flow | -807.80M | -753.30M | -1.23B | 19.70M | 319.40M | -517.00M |
| Financing Cash Flow | 278.20M | 201.40M | 522.50M | -1.28B | -143.80M | 968.20M |
Ashiana Housing Limited Technical Analysis
Positive
369.75
Price Trends
371.18
Positive
371.41
Positive
339.55
Positive
Market Momentum
6.98
Negative
58.90
Neutral
62.70
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ASHIANA, the sentiment is Positive. The current price of 369.75 is above the 20-day moving average (MA) of 367.09, below the 50-day MA of 371.18, and above the 200-day MA of 339.55, indicating a bullish trend. The MACD of 6.98 indicates Negative momentum. The RSI at 58.90 is Neutral, neither overbought nor oversold. The STOCH value of 62.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ASHIANA.
Ashiana Housing Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹58.90B | 22.62 | ― | 0.21% | -28.55% | -54.07% | |
69 Neutral | ₹39.25B | 32.22 | ― | 0.39% | 37.12% | 224.95% | |
56 Neutral | ₹23.68B | 15.11 | ― | 0.85% | 43.12% | 12.31% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹41.29B | 19.09 | ― | 0.54% | 50.62% | 32.30% | |
53 Neutral | ₹37.62B | 30.26 | ― | 1.09% | 7.76% | 27.78% | |
51 Neutral | ₹48.71B | 30.52 | ― | 2.45% | 113.93% | ― |
* General Sector Average
IN:ASHIANA
Ashiana Housing Limited
387.65
85.94
28.48%
IN:AJMERA
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IN:GANESHHOU
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716.45
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-14.85%
IN:KOLTEPATIL
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423.55
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IN:PURVA
Puravankara Limited
206.85
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-22.89%
IN:SUNTECK
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-157.57
-36.20%
Ashiana Housing Limited Corporate Events
Ashiana Housing Releases Q1 FY27 Earnings Call Transcript for Investors
Aug 17, 2026
Ashiana Housing Limited has notified the stock exchanges that it has released the transcript of its Q1 FY27 earnings call, held on August 12, 2026, to discuss financial and operational performance for the quarter ended June 30, 2026. The disclosur...
Ashiana Housing Files June 2026 Quarter Investor Update with Stock Exchanges
Aug 11, 2026
Ashiana Housing Limited has submitted an investor update and presentation for the quarter ended 30 June 2026 to the BSE and the National Stock Exchange of India. The filing, made by the company secretary and compliance officer, ensures that shareh...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.