Any current/future capex/capital investment/strategic investment?

Ashiana Housing Limited plans to launch all existing and pipeline projects totaling about Rs. 11,000 crores in sales within FY 2025-30, aiming for delivery by FY 2030. The company is focusing on residential projects with varying launch timelines: Aaroham and Amaya in Q3 FY 2025, and Jaisingpura New Land in Q4 FY 2025. Several land deals are in progress under Condition Precedents (CPEs) in senior living spaces (Bangalore, Panvel, Mahindra World City Jaipur), expected to close soon. Senior living is a strategic growth area with increasing capital allocation, alongside regular residential real es

Any current/future new fundraising through debt or equity?

The transcript on pages 7 to 17 of the Ashiana Housing Limited Q4 & FY 2025 earnings call does not specifically mention any current or planned fundraising through new debt or equity issuance. The discussion focuses on sales, profitability, project launches, senior living expansion, and buyback considerations, but no explicit references to raising fresh capital via debt or equity are made. Varun Gupta mentions reliance on internal resources and existing projects for delivery and growth. Buybacks are discussed but deemed tax inefficient; no mention of equity fundraising. Debt-related queries or

Future growth expectations in sales/revenue/volumes?

Ashiana Housing targets close to Rs. 11,000 crores in sales between FY '25 and FY '30, aiming for cumulative profits around Rs. 2,000 crores (~18-19% after-tax margin). For FY '26, top-line expected around Rs. 1,200 crores with margins still moderate due to legacy projects; significant margin improvement anticipated in FY '27 and FY '28. Senior living segment is growing rapidly, with pre-sales expected to cross Rs. 450 crores this year and becoming 33% of total salable area pipeline. It is seen as a more stable and less cyclical growth driver. The company plans new project launches in FY

Future growth expectations in earnings/operating earnings/profits/EPS?

Ashiana Housing expects cumulative profits of around Rs. 2,000 crores (+/-10%) on Rs. 11,000 crores of sales between FY '25 to FY '30, implying an after-tax margin of 18-19%. Margins on older projects are estimated around 14-15%, with future sales expected to yield higher margins due to lower land costs and elevated price points (e.g., Amarah Phase-5 sold at Rs. 15,000/sqft vs. Rs. 6,000/sqft for Phase-1). FY '26 revenue is projected at approximately Rs. 1,200 crores, with margins still low due to legacy projects; significant margin improvement expected in FY '27 and FY '28. Return on equity (

Current/ Expected Orderbook/ Pending Orders?

Total sales orderbook (including running projects) is about Rs. 11,000 crores. Of this, approximately Rs. 4,500 crores represents sales booked but revenue not yet recognized. Another Rs. 1,500 crores is attributable to launched phases not yet fully sold. Unlaunched phases of existing projects have around 36 lakh square feet, estimated conservatively at Rs. 2,000 crores of sale value. Future launches and sales expected to cover the gap toward Rs. 11,000 crores target. Expect to maintain pre-sales at around Rs. 2,000 crores per year over FY '26 and FY '27. New project launches planned: Aaroham a

Ashiana Housing LtdQ1 FY26

Ashiana Housing Ltd Q1 FY26 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹365P/E: 32.9Market Cap: ₹3.9K Cr

Management growth scorecard

Revenue

Category 3

Margin

Category 1

Fundraise

N/A

Order

Yes

Capex

Yes

3 of 4 growth signals are positive.

Full analysis

Revenue guidance

Category 3

→Ashiana Housing targets close to Rs. 11,000 crores in sales between FY '25 and FY '30, aiming for cumulative profits around Rs. 2,000 crores (~18-19% after-tax margin).
→For FY '26, top-line expected around Rs. 1,200 crores with margins still moderate due to legacy projects; significant margin improvement anticipated in FY '27 and FY '28.
→Senior living segment is growing rapidly, with pre-sales expected to cross Rs. 450 crores this year and becoming 33% of total salable area pipeline. It is seen as a more stable and less cyclical growth driver.
→The company plans new project launches in FY '25, including Aaroham and Amaya in Gurgaon (Q3) and Jaisingpura (Q4), which are critical for sustaining growth.
→Focus remains on expanding in multiple residential products and cities, balancing between senior living and traditional residential across key markets (NCR, Jaipur, Jamshedpur).
→Internal sales velocity targets: 20% sell-through at launch and 25% annually thereafter, with projects currently meeting or exceeding these benchmarks.

Margin guidance

Category 1

→Ashiana Housing expects cumulative profits of around Rs. 2,000 crores (+/-10%) on Rs. 11,000 crores of sales between FY '25 to FY '30, implying an after-tax margin of 18-19%.
→Margins on older projects are estimated around 14-15%, with future sales expected to yield higher margins due to lower land costs and elevated price points (e.g., Amarah Phase-5 sold at Rs. 15,000/sqft vs. Rs. 6,000/sqft for Phase-1).
→FY '26 revenue is projected at approximately Rs. 1,200 crores, with margins still low due to legacy projects; significant margin improvement expected in FY '27 and FY '28.
→Return on equity (ROE) target is 15%+, with expectations to cross this on an economic basis by FY '26.
→Senior living segment is growing, expected to contribute over 33% of salable area and pre-sales (targeting Rs. 450 crores pre-sales this year), providing stability and potentially better earnings quality.
→Launches and timely project deliveries through FY '30 are critical for meeting these earnings targets.

3 more insights locked — sign up free to unlock

Fundraise plans

→The transcript on pages 7 to 17 of the Ashiana Housing Limited Q4 & FY 2025 earnings call does not specifically mention any current or planned fundraising through new debt or equity issuance.
→The discussion focuses on sales, profitability, project launches, senior living expansion, and buyback considerations, but no explicit references to raising fresh capital via debt or equity are made.
→Varun Gupta mentions reliance on internal resources and existing projects for delivery and growth.
→Buybacks are discussed but deemed tax inefficient; no mention of equity fundraising.
→Debt-related queries or plans are not detailed in the provided excerpt.
→Overall, based on available information, there is no indication of any immediate or future plans for new debt or equity fundraising.

Order book

Yes

→Total sales orderbook (including running projects) is about Rs. 11,000 crores.
→Of this, approximately Rs. 4,500 crores represents sales booked but revenue not yet recognized.
→Another Rs. 1,500 crores is attributable to launched phases not yet fully sold.
→Unlaunched phases of existing projects have around 36 lakh square feet, estimated conservatively at Rs. 2,000 crores of sale value.
→Future launches and sales expected to cover the gap toward Rs. 11,000 crores target.
→Expect to maintain pre-sales at around Rs. 2,000 crores per year over FY '26 and FY '27.
→New project launches planned: Aaroham and Amaya in Q3, Jaisingpura in Q4 of the current financial year.
→Senior living sales expected to cross Rs. 450 crores in the current year with increasing capital allocation.
→Some land deals under agreement but pending Condition Precedents for closure (e.g., Bangalore, Panvel, Mahindra World City Jaipur).

Capex plans

Yes

→Ashiana Housing Limited plans to launch all existing and pipeline projects totaling about Rs. 11,000 crores in sales within FY 2025-30, aiming for delivery by FY 2030.
→The company is focusing on residential projects with varying launch timelines: Aaroham and Amaya in Q3 FY 2025, and Jaisingpura New Land in Q4 FY 2025.
→Several land deals are in progress under Condition Precedents (CPEs) in senior living spaces (Bangalore, Panvel, Mahindra World City Jaipur), expected to close soon.
→Senior living is a strategic growth area with increasing capital allocation, alongside regular residential real estate in core markets (NCR, Jaipur, Jamshedpur).
→Construction cycle target is to reduce from typical 5+ years to about 4.5 years to meet deadlines.
→Focused on deploying capital efficiently amid elevated land prices, especially in Jaipur and NCR, by exploring untapped locations or different products.

How does Ashiana Housing Ltd rank vs peers in ?

Pro feature

1Ashiana Housing Ltd

Rev 3Mar 1

See full sector rankings

Want more stocks like Ashiana Housing Ltd?

Build an AI portfolio filtered by sector, market cap, and growth rank. Takes 2 minutes.

Build my portfolio