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Ashiana Housing Ltd: Stock Analysis & Fundamentals

Data from 2w ago

Ashiana Housing Ltd (Realty - Construction & Contracting) — fundamental analysis, earnings data, and key metrics. PE: 26.0. ROE: 2.7%. This stock is not currently in the Nifty 500 momentum outperformers list.

What's Happening

📊Debt increased 27% YoY — leverage rising

Earnings Acceleration Triggers

1. Senior Living Expansion to 20% Revenue Mix
FY26-27HIGH
2. Premiumization Strategy Across Portfolio
OngoingHIGH
3. Aroham Project Revenue Recognition
Q4 FY26-Q2 FY27HIGH

Key Risks

1. GRAP Restrictions Impacting Construction
MEDIUM
2. Project Delivery Slippages
MEDIUM

Key Numbers

Current Price
₹304
Dividend Yield
0.82%
Market Cap
3.1K Cr
Valuation
N/A

Why Are Ashiana Housing Ltd's Earnings Accelerating?

Based on Q3 FY26 earnings • Updated Feb 22, 2026

Senior Living Expansion to 20% Revenue Mix

Expected: FY26-27HIGH confidence+₹300 Cr revenue

What: Senior living projects (Vatsalya, Atvik, Amod, Swarang) with 25-30% margins to drive structural margin improvement

Impact: +₹300 Cr revenue

“Management stated: 'We have gotten in senior living between 25 and 30% and I think we want to continue that because we think that's a wide space.'”

Premiumization Strategy Across Portfolio

Expected: OngoingHIGH confidence

What: Strategic price increases in multiple projects driving higher ticket sizes and margins

“Management stated: 'Actually, realizations in Jaipur have gone up. We have upped prices over the last 6 months on whatever units we have. And we''ll continue to up prices.'”

Aroham Project Revenue Recognition

Expected: Q4 FY26-Q2 FY27HIGH confidence+₹700 Cr revenue

What: Gurugram's Aroham project (₹767 cr sales) driving strong revenue visibility for next 2 quarters

Impact: +₹700 Cr revenue

“Management stated: 'We have surpassed our FY26 pre sales target of rupees 2000 crores driven by strong booking conversions in Ashen Aroham project in Gurugram which contributed around 767 crores in sales on launch'”

What Are the Key Risks for Ashiana Housing Ltd?

Earnings deceleration risks from management commentary

GRAP Restrictions Impacting Construction

MEDIUM

Trigger: Continued GRAP implementation

Impact: -200 bps margin impact

Management view: Q3 got impacted by graph elector restrictions in Delhi NCR.

Monitor: Construction progress vs plan

Project Delivery Slippages

MEDIUM

Trigger: More than 1 project slippage

Impact: -100 bps margin impact

Management view: This year the slippages have been much lower than last year. Only one project has slipped over which is on Mole Phase 3.

Monitor: Quarterly delivery timelines

What Is Ashiana Housing Ltd's Management Saying?

Key quotes from recent conference calls

“We have surpassed our FY26 pre sales target of rupees 2000 crores driven by strong booking conversions in Ashen Aroham project in Gurugram which contributed around 767 crores in sales on launch — Management”
“We have gotten in senior living between 25 and 30% and I think we want to continue that because we think that's a wide space. — Management”
“Actually, realizations in Jaipur have gone up. We have upped prices over the last 6 months on whatever units we have. And we'll continue to up prices. — Management”
“We remain committed to timely handovers in FY26 and to building long term value through disciplined execution and customer centric development. — Management”

What Is Ashiana Housing Ltd's Management Guidance?

Forward-looking targets from management for FY26-27

Management Tone: CAUTIOUS

Key Milestones

• Zero project slippages in FY27

• Senior living to reach 20% of revenue mix

• Continued premiumization across portfolio

The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Feb 22, 2026.

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Frequently Asked Questions: Ashiana Housing Ltd

Based on publicly available financial data. This is educational research, not investment advice.

What were Ashiana Housing Ltd's latest quarterly results?

Ashiana Housing Ltd's latest quarterly results (Dec 2025) show

  • PAT Growth YoY: +418.2%
  • Revenue Growth YoY: +172.2%
  • Operating Margin: 19.0%

What is Ashiana Housing Ltd's current PE ratio?

Ashiana Housing Ltd's current PE ratio is 26.0x.

  • Current PE: 26.0x
  • Market Cap: 3.1K Cr
  • Dividend Yield: 0.82%

What is Ashiana Housing Ltd's price-to-book ratio?

Ashiana Housing Ltd's price-to-book ratio is 3.9x.

  • Price-to-Book (P/B): 3.9x
  • Book Value per Share: ₹79
  • Current Price: ₹304

Is Ashiana Housing Ltd a fundamentally strong company?

Ashiana Housing Ltd's fundamental strength based on key financial ratios

  • Return on Capital (ROCE): 3.0%

Is Ashiana Housing Ltd debt free?

Ashiana Housing Ltd has a debt-to-equity ratio of N/A.

  • Total Debt: ₹350 Cr

What is Ashiana Housing Ltd's return on equity (ROE) and ROCE?

Ashiana Housing Ltd's return ratios over recent years

  • FY2023: ROCE 4.0%
  • FY2024: ROCE 11.0%
  • FY2025: ROCE 3.0%

Is Ashiana Housing Ltd's cash flow positive?

Ashiana Housing Ltd's operating cash flow is positive (FY2025).

  • Cash from Operations (CFO): ₹234 Cr
  • Free Cash Flow (FCF): ₹111 Cr
  • CFO/PAT Ratio: 1300% (strong cash conversion)

What is Ashiana Housing Ltd's dividend yield?

Ashiana Housing Ltd's current dividend yield is 0.82%.

  • Dividend Yield: 0.82%
  • Current Price: ₹304

Who holds Ashiana Housing Ltd shares — promoters, FII, DII?

Ashiana Housing Ltd's shareholding pattern (Dec 2025)

  • Promoters: 61.1%
  • FII (Foreign): 7.9%
  • DII (Domestic): 8.1%
  • Public: 22.9%

Is promoter holding increasing or decreasing in Ashiana Housing Ltd?

Ashiana Housing Ltd's promoter holding has remained stable recently.

  • Current Promoter Holding: 61.1% (Dec 2025)
  • Previous Quarter: 61.1% (Sep 2025)
  • Change: 0.00% (stable)

Is Ashiana Housing Ltd a new momentum entry or an established outperformer?

Ashiana Housing Ltd is an established outperformer with 1 weeks of consecutive Nifty 500 outperformance.

What are the growth catalysts for Ashiana Housing Ltd?

Ashiana Housing Ltd has 3 key growth catalysts identified from recent earnings analysis

  • Senior Living Expansion to 20% Revenue Mix
  • Premiumization Strategy Across Portfolio
  • Aroham Project Revenue Recognition

What are the key risks in Ashiana Housing Ltd?

Ashiana Housing Ltd has 2 key risks worth monitoring

  • GRAP Restrictions Impacting Construction
  • Project Delivery Slippages

What did Ashiana Housing Ltd's management say in the latest earnings call?

In Q3 FY26, Ashiana Housing Ltd's management highlighted

  • "We have surpassed our FY26 pre sales target of rupees 2000 crores driven by strong booking conversions in Ashen Aroham project in Gurugram which contr..."
  • "We have gotten in senior living between 25 and 30% and I think we want to continue that because we think that's a wide space. — Management"
  • "Actually, realizations in Jaipur have gone up. We have upped prices over the last 6 months on whatever units we have. And we'll continue to up prices...."

What is Ashiana Housing Ltd's management guidance for growth?

Ashiana Housing Ltd's management has provided the following forward guidance for FY26-27

  • Management tone: cautious
  • Milestone: Zero project slippages in FY27
  • Milestone: Senior living to reach 20% of revenue mix

Is Ashiana Housing Ltd worth studying for long term investment?

Based on quantitative research signals, here is why Ashiana Housing Ltd may be worth studying

  • Cash flow is positive — CFO ₹234 Cr

What is the investment thesis for Ashiana Housing Ltd?

Ashiana Housing Ltd investment thesis summary:

Research Signals (Bull Case)

  • Growth catalyst: Senior Living Expansion to 20% Revenue Mix

Risk Factors (Bear Case)

  • Key risk: GRAP Restrictions Impacting Construction

What is the future outlook for Ashiana Housing Ltd?

Ashiana Housing Ltd's forward outlook based on current data signals

  • Key Catalyst: Senior Living Expansion to 20% Revenue Mix
  • Key Risk: GRAP Restrictions Impacting Construction

The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.