Ashiana Housing share price today

Ashiana Housing Ltd's share price was ₹370.00 at the close on 4 November 2026. It has been rising for 31 weeks. That is 5.1% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹274 and ₹396, and at that close it sat 79% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Ashiana Housing Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 1 week in a row.

Over the last 11 years the share price moved +210% while the NIFTY 500 moved +257%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Two changes stood out: revenue fell in the June 2026 quarter and operating margin up 3 points on a year earlier.

1. Revenue fell in the June 2026 quarter

   Revenue was ₹107 crore, -63.5% on a year earlier (₹293 crore), after 4 quarters of growth.

   Why: Revenue fell because fewer homes were handed over in the quarter. Two projects got their completion papers just after the quarter ended, so their revenue moved to the next quarter.

   Next results: check whether Anmol Phase 3 and Amarah Phase 1 homes are handed over and their revenue is booked.

   From the earnings call on 12 Aug 2026.

2. Operating margin up 3 points on a year earlier

   7% in the June 2026 quarter, from 4%.

   Why: Margins rose because marketing costs in Chennai fell as that location got bigger.

   Next results: check the profit left after direct costs on Anmol Phase 3 and Amarah Phase 1, which management said was in the mid-20s.

   From the earnings call on 12 Aug 2026.

For April to June 2026 (the quarter ended 30 June 2026), Ashiana Housing reported revenue of ₹107 crore, down 63.5% from ₹293 crore a year earlier, and a profit of ₹13.0 crore, up 0.0% from ₹13.0 crore.

Ashiana Housing results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Ashiana Housing's management discussed these results on a call held on 12 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Ashiana Housing closed at ₹370.00 on 4 November 2026, up 34.8% from ₹274.40 a year earlier (7 November 2025) and up 92.1% over five years. Its highest weekly close since February 2016 was ₹441.35 on 14 June 2024.

Ashiana Housing share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

565 weekly closes from 26 February 2016 to 4 November 2026.

4 Nov 2026: Ashiana Housing closed at ₹370.00, up 9.8% on the week and down 3.6% on the month. 22 Sep 2026: ex-date for a dividend of ₹1.50 a share.

Earlier

• Our read, 22 Aug 2026: Ashiana’s senior-living and premium-product mix can improve the delivery-led earnings base, but April to June 2026 revenue recognition fell sharply and the Bangalore transaction has slipped again.
• 12 Aug 2026: Ashiana Housing held its results call for April to June 2026. Management guided: FY27 pre-sales around ₹2,200 crore; H1 exit around ₹1,050-1,100 crore by September 30; Q2 launches and Aaroham Phase 3 support the cadence.
• Results for April to June 2026: Revenue down 63.5% and profit up 0.0% on a year earlier.
• 18 Feb 2026: ex-date for an interim dividend of ₹1 a share, record date 19 Feb 2026.

Our read of the business

Latest quarter: Revenue recognition fell as handovers shifted, while reported profit was unchanged year on year.

Our read after the latest results, written 22 August 2026.

Ashiana Housing paid ₹2.50 a share in regular dividends in the 12 months to 5 November 2026 (2 payments), a yield of 0.68% at the ₹370.00 close on 4 November 2026. The last was a dividend of ₹1.50 a share, ex-date 22 September 2026.

Ashiana Housing dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Ashiana Housing Ltd paid out 13% of its profit as dividends in FY26, and it paid a dividend in 11 of its last 13 reported years. 2 of those years show a negative figure because profit itself was negative.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 12 August 2026, Ashiana Housing's management guided: FY27 pre-sales around ₹2,200 crore; H1 exit around ₹1,050-1,100 crore by September 30; Q2 launches and Aaroham Phase 3 support the cadence.

“The intent has become to reach a point where we can make 15% ROE a floor for the organization.”Varun Gupta, on the call for April to June 2026

What management guided

• FY27 reported revenue approximately ₹2,000 crore; Anmol Phase 3 and Amarah Phase 1 expected to contribute approximately ₹532 crore in Jul-Sep after mid-July OCs.
• FY27 ROE 20%, with 20% expected for a few more years; project framework around 30% gross margin, 18% profit before tax, 12% SG&A and 13.5% profit.
• Long-term ROE is framed as a 15% floor for capital compounding.
• Medium-term pre-sales goal ₹3,000-4,000 crore, including ₹1,500 crore senior-living pre-sales by FY29-30; senior living long-term growth about 25% yearly growth.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 12 August 2026.

What is changing at Ashiana Housing, from the latest results and calls: senior-living mix expansion, handover-led revenue catch-up and .

• Senior-living mix expansion. Senior living is the stated structural growth focus, with a higher booking goal and a larger future-development allocation. ⚠ estimate
• Handover-led revenue catch-up. Occupancy certificates for Anmol Phase 3 and Amarah Phase 1 moved recognition into Q2, making delivery execution the immediate earnings trigger. ⚠ estimate
• . Management cites senior-living pricing power, higher-end products and lower Chennai marketing cost as margin levers. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the latest results, written 22 August 2026.

The thesis breaks if scheduled Q2 handovers do not restore revenue recognition and H1 pre-sales remain below management’s stated exit range, indicating that the launch-and-delivery pipeline is not converting.

Each change stops working if

• Senior-living mix expansion: Launches or absorption fail to convert the stated senior-living booking goal into contracted sales.
• Handover-led revenue catch-up: The post-occupancy-certificate handovers are delayed again or do not convert into reported revenue.
• : Higher realization fails to offset construction cost inflation or lower-margin phases remain a larger share of deliveries.
• Cash-funded deployment: Receivables or inventory expansion absorbs cash while collections stop tracking booked sales.

The main risks

• Bangalore transaction timetable slip: Bangalore remains under discussion after prior expectations of earlier documentation and closure. ✓ fact
• Delivery timing and uneven revenue recognition: The latest quarter’s revenue decline was attributed to lower deliveries, with two projects shifting recognition into Q2. ✓ fact
• Gurgaon and broader residential demand softness: Management described softer residential demand and customer caution, while relying on premiumization and resilient prices. ✓ fact
• Non-operating income can flatter quarterly profit: The latest quarter carries a flagged other-income component, so reported profit should not be read as pure operating conversion. ⚠ estimate

Our read after the latest results, written 22 August 2026.

When Ashiana Housing reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: H1 pre-sales progression and Aaroham launch readiness - check whether the back-ended sales plan is materializing.

Ashiana Housing is on one of our India lists: Real estate, REIT & cement.

Ashiana Housing Ltd earned ₹13.0 Cr of net profit in the Jun 2026 quarter, +0.0% on the same quarter a year earlier. Full-year FY26 profit was ₹118 Cr. Over 10 years profit has grown 1.1% a year on average. That is 12.1% of the quarter's revenue. The same quarter a year earlier earned ₹13.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

2 of the last 12 reported quarters were loss-making.

For the full year, FY26 profit was ₹118 Cr (+555.6% on the year before).

Why profit moved: revenue changed −63.5% on a year earlier and the margin moved +3.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +141.1% and revenue +89.7%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Ashiana Housing Ltd reported ₹107 Cr of revenue in the Jun 2026 quarter, −63.5% on the same quarter a year earlier. Over 10 years it has grown 8.0% a year on average. The last full year, FY26, came in at ₹1,143 Cr. The last four reported quarters add to ₹958 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. The value-chain climb is the move toward products where price and mix can support margin. The latest call says Chennai marketing cost declined as local scale increased, while senior-living pricing supports premiumization.

FY26 revenue was ₹1,143 Cr, +116.1% on the year before.

Recent pace: the last four quarters grew +89.7% on average, against 8.0% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +37.1%, against +0.8% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +230.6%, against +33.3% a year (accelerating).

Ashiana Housing Ltd's operating margin was 7.0% in the Jun 2026 quarter, 3.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between −4.3% and 27.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. Management describes senior living as relatively less cyclical and says future-development land is entirely allocated to this category. The operating mechanism is mix: premium products and senior-living pricing are intended to improve profitability as they reach delivery.

Why the margin moved: operating margin changed +3.0 percentage points on the year while gross margin changed +21.3 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 360% of Ashiana Housing Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹342 Cr of operating cash against ₹118 Cr of profit. After ₹18.0 Cr of spending on assets, ₹324 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.

What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.

Ashiana Housing Ltd's customer, stock and supplier day counts come out in the thousands of days on sales this small (₹1,143 Cr in FY26), so no cash-cycle chart is drawn and this section looks at its spending on assets instead. It spent ₹91.0 Cr on assets over the last 3 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Averaged over those years that is 2.7% of FY26 revenue a year.

Spending on assets: ₹91.0 Cr over the last 3 years, against ₹35.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹0.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Ashiana Housing Ltd's P/E is 31.4×, in the middle of its own history: higher than 38% of past readings. Its usual P/E (the middle reading) is 39.7×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.