Ashiana Housing Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹3,434 Cr
- P/E
- 29.04
- ROE
- 13.80%
- PEG
- 0.49
- Price to sales
- 3.59
- Debt to equity
- 0.35
- 52W high / low
- ₹406 / ₹273
- Sales growth (5Y)
- 36.41%
- EBITDA margin
- 13.07%
- Net profit margin
- 9.80%
- Promoter holding
- 61.11%
- Sales (last year)
- ₹958 Cr
Guidance scorecard · Q1 FY27 call
What Ashiana Housing Ltd's management guided
and where it ranks in Realty
Realty
RevenueQ1 FY27 call
0–10%- FY27 presales guidance is around INR2,200 crores; confident of maintaining or exiting H1 at INR1,050-1,100 crores.
- Big launches planned in H2 FY27, notably Ashiana Aaroham Phase 3 in Gurugram, critical for meeting targets.
- Senior Living segment expected to grow strongly with a 25% CAGR over the long term, currently expanding rapidly from a low base.
- Short-term dip or slowdown in presales expected due to limited inventory in key markets (Gurugram, Jaipur, Bhiwadi).
- Medium-term strategy targets increasing presales to INR3,000-4,000 crores driven mainly by Senior Living projects in next 3-5 years.
- New land acquisitions (e.g., 20 lakh sqft Vadgaon project in Pune) planned for staggered development over 7-10 years with steady annual absorption.
2 more points from Ashiana Housing Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Ashiana Housing Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Ashiana Housing Limited plans a total capital deployment of about INR 800 crores in the financial year, including INR 180 crores already deployed in the last quarter.
- This capex covers recent deals and ongoing serious conversations for project acquisitions.
- No active current funding agreement with IFC; discussions are ongoing for future partnership opportunities.
- For the Vadgaon, Pune project, acquisition was structured with NCD financing totaling about 25% equity held by landlords, with a launch expected in H2 of next financial year.
- Investment focus is increasingly on Senior Living projects, with ~5 million square feet land for future development and efforts to expand the portfolio with structural tailwinds in this segment.
2 more points from Ashiana Housing Ltd's call on capex
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FundraisingQ1 FY27 call
PlannedSee what Ashiana Housing Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Flat- Presales target for FY27 is around INR 2,200 crores, with strong momentum in Senior Living sales expected.
- Senior Living projects pipeline includes five projects totaling around 51 lakh square feet, with more discussions ongoing.
- Launches lined up in Q4 FY27, including Ashiana Aaroham Phase 3 in Gurugram, expected to boost sales.
2 more points from Ashiana Housing Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Realty
on management's own guidance
- Sobha LtdGood growth2
- Strong growth1
- Man Infraconstruction LtdGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Realty companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹12,035 Cr | 41.1 | |
| 2 | Sobha Ltd | 20–40% | Up 2%+ | ₹12,548 Cr | 54.4 |
| 3 | Man Infraconstruction Ltd | 20–40% | Up 2%+ | ₹4,602 Cr | 21.2 |
| 4 | 20–40% | Up 2%+ | ₹1,157 Cr | 12.7 | |
| 5 | 20–40% | Flat | ₹1.06L Cr | 25.6 | |
| 6 | 20–40% | Flat | ₹61,922 Cr | 23.4 |
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Pro shows every company guiding 40%+ revenue growth →Full Realty rankingAshiana Housing Ltd announcements
All announcements →- Acquisition / mergerNotableAshiana Housing signs JDA for Senior Living project in Sector 78, Gurugram
Financials of Ashiana Housing Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Ashiana Housing Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 130 | 111 | 121 | 346 | 184 | 290 | 123 | 55 | 133 | 218 | 293 | 166 | 362 |
| Expenses + | 120 | 103 | 113 | 313 | 152 | 269 | 129 | 66 | 116 | 200 | 281 | 136 | 294 |
| Operating Profit | 10 | 9 | 8 | 33 | 33 | 20 | -6 | -12 | 17 | 18 | 12 | 29 | 68 |
| OPM % | 8% | 8% | 7% | 10% | 18% | 7% | -5% | -22% | 13% | 8% | 4% | 18% | 19% |
| Other Income + | 5 | 5 | 8 | 5 | 5 | 7 | 5 | 5 | 2 | 12 | 10 | 11 | 11 |
| Interest | 1 | 1 | 1 | 1 | 0 | 0 | 2 | 1 | 1 | -0 | 0 | 0 | 0 |
| Depreciation | 2 | 2 | 2 | 2 | 3 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Profit before tax | 13 | 11 | 13 | 35 | 35 | 25 | -5 | -10 | 15 | 26 | 18 | 36 | 76 |
| Tax % | 29% | 9% | 16% | 23% | 20% | 30% | 19% | -28% | 27% | 23% | 30% | 24% | 26% |
| Net Profit + | 9 | 10 | 11 | 27 | 28 | 17 | -5 | -8 | 11 | 20 | 13 | 28 | 57 |
| EPS in Rs | 0.88 | 1.01 | 1.06 | 2.72 | 2.77 | 1.73 | -0.54 | -0.75 | 1.08 | 2.02 | 1.27 | 2.74 | 5.64 |
Financials of Ashiana Housing Ltd
Profit & Loss
Annual income statement trend
| 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 + | 111 | 143 | 529 | 382 | 321 | 338 | 304 | 242 | 222 | 410 | 944 | 529 | 1,038 |
| Expenses + | 91 | 105 | 389 | 291 | 267 | 303 | 317 | 241 | 231 | 379 | 847 | 511 | 911 |
| Operating Profit | 20 | 37 | 140 | 91 | 54 | 34 | -13 | 1 | -9 | 30 | 97 | 18 | 127 |
| OPM % | 18% | 26% | 27% | 24% | 17% | 10% | -4% | 0% | -4% | 7% | 10% | 3% | 12% |
| Other Income + | 11 | 22 | 14 | 15 | 14 | 13 | -4 | 17 | 8 | 16 | 23 | 24 | 44 |
| Interest | 2 | 2 | 3 | 7 | 12 | 15 | 14 | 9 | 5 | 3 | 2 | 2 | 1 |
| Depreciation | 3 | 8 | 8 | 8 | 7 | 8 | 9 | 9 | 8 | 8 | 9 | 13 | 13 |
| Profit before tax | 26 | 49 | 143 | 91 | 49 | 24 | -39 | 0 | -15 | 34 | 108 | 26 | 157 |
| Tax % | 15% | 5% | 26% | 27% | 22% | 42% | -23% | -473% | -52% | 19% | 23% | 30% | |
| Net Profit + | 22 | 47 | 106 | 67 | 38 | 14 | -30 | 2 | -7 | 28 | 83 | 18 | 117 |
| EPS in Rs | 2.35 | 4.54 | 10.34 | 6.55 | 3.74 | 1.35 | -2.95 | 0.17 | -0.69 | 2.72 | 8.30 | 1.81 | 11.67 |
| Dividend Payout % | 21% | 11% | 5% | 4% | 7% | 19% | -10% | 238% | -131% | 18% | 18% | 83% |
Financials of Ashiana Housing Ltd
Balance Sheet
Capital structure and asset base
| 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 | 266 | 502 | 630 | 702 | 745 | 761 | 729 | 730 | 716 | 739 | 750 | 744 | 770 |
| Borrowings + | 12 | 37 | 68 | 89 | 138 | 163 | 124 | 68 | 174 | 184 | 148 | 276 | 350 |
| Other Liabilities + | 316 | 619 | 465 | 409 | 328 | 249 | 299 | 521 | 954 | 1,256 | 1,484 | 2,448 | 2,794 |
| Total Liabilities | 613 | 1,179 | 1,183 | 1,220 | 1,232 | 1,194 | 1,173 | 1,339 | 1,864 | 2,200 | 2,402 | 3,488 | 3,934 |
| Fixed Assets + | 56 | 68 | 63 | 86 | 121 | 121 | 130 | 98 | 93 | 74 | 101 | 128 | 112 |
| CWIP | 1 | 4 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 0 | 0 | 1 |
| Investments | 33 | 255 | 178 | 174 | 158 | 128 | 66 | 86 | 138 | 101 | 108 | 206 | 302 |
| Other Assets + | 522 | 853 | 941 | 960 | 953 | 945 | 976 | 1,155 | 1,633 | 2,022 | 2,192 | 3,153 | 3,520 |
| Total Assets | 613 | 1,179 | 1,183 | 1,220 | 1,232 | 1,194 | 1,173 | 1,339 | 1,864 | 2,200 | 2,402 | 3,488 | 3,934 |
Financials of Ashiana Housing Ltd
Cash Flows
Operating, investing and financing cash movement
| 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 + | -23 | -4 | -79 | -39 | -54 | -10 | 28 | 121 | -85 | 12 | 212 | 234 |
| Cash from Investing Activity + | 30 | -203 | 121 | -24 | 11 | 31 | 64 | 12 | -22 | 32 | -10 | -123 |
| Cash from Financing Activity + | -8 | 213 | 18 | 15 | 32 | 2 | -63 | -73 | 81 | -14 | -128 | 52 |
| Net Cash Flow | -0 | 6 | 60 | -48 | -11 | 22 | 29 | 61 | -27 | 29 | 75 | 163 |
| Free Cash Flow | -38 | -30 | -83 | -43 | -71 | -19 | 24 | 134 | -90 | -4 | 182 | 195 |
| CFO/OP | -77% | -2% | -36% | -29% | -83% | -12% | -235% | 14,143% | 922% | 60% | 242% | 1,395% |
Financials of Ashiana Housing Ltd
Ratios
Working capital efficiency and return ratios
| 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 | 32 | 35 | 19 | 23 | 29 | 25 | 38 | 41 | 41 | 29 | 15 | 28 |
| Inventory Days | 4,736 | 9,495 | 3,261 | 4,701 | 2,736 | |||||||
| Days Payable | 158 | 263 | 73 | 176 | 95 | |||||||
| Cash Conversion Cycle | 32 | 35 | 4,596 | 23 | 9,261 | 3,213 | 4,563 | 41 | 41 | 29 | 2,656 | 28 |
| Working Capital Days | 559 | 432 | 266 | 475 | 585 | 663 | 678 | 715 | 902 | 517 | 190 | 226 |
| ROCE % | 8% | 10% | 23% | 12% | 7% | 4% | -1% | 0% | -1% | 4% | 11% | 3% |
Guidance history
How Ashiana Housing Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 0–10% | Flat | Planned | Planned | Flat |
| Q4 FY26 call → | 20–40% | Flat | Planned | — | Rising |
| Q3 FY26 call → | 10–20% | Flat | Planned | — | Rising |
| Q2 FY26 call → | 10–20% | Up 2%+ | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
29 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +20.2% | 74% |
| Last 6 months | −0.3% | 53% |
| Last 3 months | −11.6% | 36% |
The price is 22.5% below its all-time high of ₹440.9 (14 Jun 2024). Stocks more than 20% below their peak have their score halved, so 58 became 29.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Ashiana Housing Ltd: 0.4 × 74 + 0.4 × 53 + 0.2 × 36 = 58, halved to 29 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Ashiana Housing Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q3 FY25 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q2 FY26 earnings call →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
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