Ashiana Housing Limited (ASHIANA) AI Stock Analysis

• Market Cap: ₹30.32B
• Dividend Yield: 0.85%
• Average Volume (3M): 2.20K
• Price to Earnings (P/E): 12.7
• Beta (1Y): 0.59
• Revenue Growth: 24.58%
• EPS Growth: 122.16%
• Country: IN
• Employees: 728
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): 5.63
• Shares Outstanding: 100,524,860
• 10 Day Avg. Volume: 3,730
• 30 Day Avg. Volume: 2,202
• PEG Ratio: -2.05
• Price to Book (P/B): 3.81
• Price to Sales (P/S): 5.51
• P/FCF Ratio: 15.03
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 56 Neutral
• Price Target: ₹321.00 ▲(12.14% Upside)
• Action: Reiterated Date: 10/29/25
• Date: Action: Reiterated 10/29/25

The overall stock score is influenced primarily by stable financial performance and strong cash flow management. However, technical analysis indicates bearish momentum, and the valuation suggests overvaluation, which are significant concerns. The absence of earnings call data and corporate events limits further insights.

Positive Factors

Strong cash generation

Consistently positive free cash flow and high operating cash flow-to-income ratio indicate durable internal funding for project execution, land acquisition and capex. This cash generation reduces reliance on external financing, supports cyclical resilience in real estate, and enables strategic reinvestment over the medium term.

Manageable leverage profile

A moderate debt-to-equity ratio signals limited financial leverage risk in a capital-intensive industry, lowering refinancing pressure. The stable equity base and improving ROE show balance-sheet stability that supports continued project funding flexibility and reduces vulnerability to interest-rate cycles over the coming months.

Niche senior-living focus & end-to-end model

Specialization in senior-living combined with full life-cycle development (planning, construction, delivery) creates a differentiated product mix and operational control. Demographic tailwinds for senior housing and the ability to capture value across stages support more durable sales and margin control versus a purely land-sale model.

Negative Factors

Revenue inconsistency

Significant contraction and inconsistent revenue trends highlight dependence on project timing and sales execution. For a developer, uneven launches or slower bookings can materially alter cash flow and earnings visibility, making medium-term growth plans and capital allocation less predictable.

Low and volatile net margins

Low and variable net and operating margins leave limited buffer against cost inflation, interest rises or weaker demand. Margins under pressure constrain the firm's ability to absorb shocks, reinvest in projects, and deliver consistent returns to equity holders over the medium term.

Limited forward disclosure

Absence of earnings call detail, guidance or material corporate events reduces transparency about management's near-term strategy and project timelines. That limits investor ability to assess upcoming project launches, sales pacing and execution risk for the next several months.

Ashiana Housing Limited Business Overview & Revenue Model

Company Description

Ashiana Housing Limited, through its subsidiaries, engages in the real estate development business in India. The company develops comfort homes in Bhiwadi, Halol, Jaipur, Jamshedpur, Neemrana, and Jodhpur cities; senior living homes in Bhiwadi, Lavasa, Jaipur, and Chennai cities; kid centric homes in Bhiwadi, Jaipur, and Sohna cities; and care homes in Bhiwadi and Jaipur cities. It also engages in the resale and rental of properties; operation of hotels and clubs; and the provision of maintenance services. The company was formerly known as Ashiana Housing and Finance (India) Limited and changed its name to Ashiana Housing Limited in May 2007. Ashiana Housing Limited was founded in 1979 and is headquartered in New Delhi, India.

How the Company Makes Money

Ashiana Housing Limited generates revenue primarily through the sale of residential and commercial properties. The company earns money by developing real estate projects, selling units to individual buyers, and leasing commercial spaces to businesses. Key revenue streams include residential sales, which account for a significant portion of their income, along with ongoing income from property management and maintenance services. Additionally, ASHIANA may engage in joint ventures or partnerships with other developers and financial institutions to fund projects and expand its market reach, further contributing to its earnings. The company's focus on affordable housing also positions it strategically within a growing segment of the market, allowing it to capitalize on demand for budget-friendly living options.

Ashiana Housing Limited Financial Statement Overview

Summary

Ashiana Housing Limited presents a stable financial position with strengths in cash flow management and leverage. However, challenges in consistent revenue growth and profitability margins need attention. Strong cash reserves provide a buffer against potential risks.

Income Statement

The income statement shows a mixed performance. Gross profit margin has been improving, indicating better cost management, with a recent margin of approximately 30.37%. However, net profit margin has fluctuated due to inconsistent net income, reaching 3.45% in the latest period. EBIT and EBITDA margins have also seen fluctuations, with recent figures of 0.93% and 8.00%, respectively. Revenue has contracted significantly from the previous period, indicating potential challenges in revenue generation.

Balance Sheet

The balance sheet shows a reasonably stable equity base with an equity ratio of 21.90%. The debt-to-equity ratio is moderate at 0.36, indicating manageable leverage. Return on equity has been inconsistent but recently improved to 2.39%, reflecting better profitability in the latest period. Overall, the balance sheet reflects stability with some room for improvement in profitability.

Cash Flow

Cash flow statements indicate strong operating cash flow relative to net income, with a ratio of 12.81. Free cash flow has been consistently positive, with a growth rate of 9.09% over the last period, showing robust cash generation capabilities. The company has effectively managed its capital expenditures, contributing to the healthy free cash flow position.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	8.10B	5.29B	9.35B	4.02B	2.04B	2.33B
Gross Profit	2.21B	1.61B	1.60B	1.19B	571.17M	628.70M
EBITDA	1.10B	422.90M	1.14B	380.22M	-27.50M	89.50M
Net Income	714.90M	182.40M	833.96M	278.78M	-70.42M	17.20M
Balance Sheet
Total Assets	39.34B	34.88B	24.06B	22.02B	18.64B	13.39B
Cash, Cash Equivalents and Short-Term Investments	7.07B	5.99B	3.39B	2.22B	2.41B	2.35B
Total Debt	3.50B	2.76B	1.48B	1.84B	1.74B	677.30M
Total Liabilities	31.44B	27.24B	16.35B	14.42B	11.28B	5.88B
Stockholders Equity	7.90B	7.64B	7.70B	7.60B	7.36B	7.51B
Cash Flow
Free Cash Flow	868.90M	1.94B	1.78B	-95.50M	-873.00M	1.12B
Operating Cash Flow	1.02B	2.34B	2.09B	115.90M	-716.90M	1.21B
Investing Cash Flow	-807.80M	-1.23B	19.70M	319.40M	-517.00M	122.40M
Financing Cash Flow	278.20M	522.50M	-1.28B	-143.80M	968.20M	-726.10M

Ashiana Housing Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 286.25
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ASHIANA, the sentiment is Negative. The current price of 286.25 is below the 20-day moving average (MA) of 314.44, below the 50-day MA of 305.85, and below the 200-day MA of 307.71, indicating a bearish trend. The MACD of -2.22 indicates Positive momentum. The RSI at 42.66 is Neutral, neither overbought nor oversold. The STOCH value of 39.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ASHIANA.

Ashiana Housing Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
ARVSMART	63 Neutral	₹24.48B	23.57	―	0.98%	13.62%	34.30%
MARATHON	58 Neutral	₹28.19B	28.99	―	0.19%	-21.43%	18.96%
KOLTEPATIL	57 Neutral	₹28.89B	195.93	―	1.01%	3.05%	―
ASHIANA	56 Neutral	₹30.32B	12.74	―	0.85%	24.58%	122.16%
AJMERA	56 Neutral	₹21.28B	36.99	―	0.47%	-1.25%	-5.48%
HUBTOWN	55 Neutral	₹28.04B	39.33	―	―	64.29%	―

Ashiana Housing Limited Corporate Events

Ashiana Housing Files Q3 FY26 Earnings Call Transcript with Stock Exchanges

Ashiana Housing Limited has released the transcript of its Q3 FY26 earnings conference call held on 12 February 2026 with analysts and investors, covering the company’s performance for the quarter and nine months ended 31 December 2025. The filing, addressed to both BSE and NSE, is a compliance communication aimed at keeping capital market participants informed through detailed disclosures on recent financial and operational results.

Ashiana Housing clears Q3 FY26 results, appoints new independent director and declares interim dividend

Ashiana Housing’s board has approved the unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025, together with related certificates and statements on security cover, use of proceeds, and loan and debt defaults. These results will be published and uploaded on the company’s website in line with SEBI disclosure requirements, providing investors with updated financial transparency and compliance information.

The board also appointed Vikas Choudhury as an independent director subject to shareholder approval at an extraordinary general meeting scheduled for 17 April 2026, reinforcing its governance framework. In addition, the company declared an interim dividend of ₹1 per equity share of face value ₹2 for the financial year ending 31 March 2026, with 19 February 2026 set as the record date and payment to be completed on or before 12 March 2026, signalling a distribution of returns to shareholders.

Ashiana Housing Clears Q3 FY26 Results, Appoints New Independent Director and Announces Interim Dividend

Ashiana Housing Limited’s board has approved the unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025, along with related regulatory certificates and statements, which will be published and uploaded on the company’s website in line with SEBI requirements. The board also appointed Vikas Choudhury as an independent director subject to shareholder approval at an extraordinary general meeting on 17 April 2026 and declared an interim dividend of ₹1 per share (50% on a ₹2 face value) for FY26, with a record date of 19 February 2026 and payment due on or before 12 March 2026, signaling ongoing shareholder returns and governance changes.

The company additionally submitted security cover, deviation and utilization statements, and a declaration on outstanding defaults as of 31 December 2025, underscoring its regulatory compliance and transparency for lenders and investors.

Ashiana Housing Buys 8.83-Acre Pune-Area Plot for New Senior Living Project

Ashiana Housing Limited has acquired approximately 8.83 acres of land on an outright purchase basis in village Wavarle, Taluk Khalapur, District Raigad, in the Pune region of Maharashtra. The company plans to develop a senior living project on this parcel with an estimated saleable area of about 450,000 square feet, signaling a continued strategic push into the growing senior housing market and expanding its geographic footprint in western India, which could strengthen its position in this niche segment and potentially enhance its long-term revenue pipeline.