Ashiana Housing Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹315.36Overvalued by 14.07%vs CMP ₹367.00

P/E (31.2) × ROE (14.5%) × BV (₹86.90) × DY (0.27%)

₹223.48Overvalued by 39.11%vs CMP ₹367.00
MoS: -64.2% (Negative)Confidence: 59/100 (Moderate)Models: 1 Under, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹529.6226%Under (+44.3%)
Graham NumberEarnings₹151.0619%Over (-58.8%)
DCFCash Flow₹253.7113%Over (-30.9%)
Net Asset ValueAssets₹85.558%Over (-76.7%)
EV/EBITDAEnterprise₹4.8811%Over (-98.7%)
Earnings YieldEarnings₹116.708%Over (-68.2%)
ROCE CapitalReturns₹10.698%Over (-97.1%)
Revenue MultipleRevenue₹79.036%Over (-78.5%)
Consensus (8 models)₹223.48100%Overvalued
Key Drivers: EPS CAGR 67.9% lifts DCF — verify sustainability. | Wide model spread (₹5–₹530) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 67.9%

*Investments are subject to market risks

Analyst Summary

Ashiana Housing Ltd operates in the Realty segment, NSE: ASHIANA | BSE: 523716, current market price is ₹367.00, market cap is 3,685 Cr.. At a glance, stock P/E is 31.2, ROE is 14.5 %, ROCE is 14.4 %, book value is 86.9, dividend yield is 0.27 %. The latest intrinsic value estimate is ₹223.48, around 39.1% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹529 Cr versus the prior period change of -44.0%, while latest net profit is about ₹18 Cr with a prior-period change of -78.3%. The 52-week range shown on this page is 448/269, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisAshiana Housing Ltd. is a Public Limited Listed company incorporated on 25/06/1986 and has its registered office in the State of West Bengal, India. Company's Corporate Identification Number(CIN) is L…

This summary is generated from the stock page data available for Ashiana Housing Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

76
Ashiana Housing Ltd scores 76/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health77/100 · Strong
ROCE 14.4% GoodROE 14.5% GoodD/E 0.06 Low debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.32% (6mo) Slight increasePromoter holding at 61.1% Stable
Earnings Quality55/100 · Moderate
OPM expanding (2% → 7%) ImprovingWorking capital: 226 days Capital intensive
Quarterly Momentum100/100 · Strong
Revenue (4Q): +24% YoY AcceleratingProfit (4Q): +125% YoY StrongOPM: 18.0% (up 40.0% YoY) Margin expansion
Industry Rank90/100 · Strong
P/E 31.2 vs industry 63.5 Cheaper than peersROCE 14.4% vs industry 11.6% Above peers3Y sales CAGR: 34% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily.

Share Price and Basic Stock Data

Last Updated: August 25, 2026, 5:08 am

Market Cap 3,685 Cr.
Current Price 367
Intrinsic Value₹223.48
High / Low 448/269
Stock P/E31.2
Book Value 86.9
Dividend Yield0.27 %
ROCE14.4 %
ROE14.5 %
Face Value 2.00
PEG Ratio0.46

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Ashiana Housing Ltd

Competitors

Stock Name Market Cap Current Price High / Low Stock P/E Book Value Dividend Yield ROCE ROE Face Value
Ashiana Housing Ltd 3,685 Cr. 367 448/26931.2 86.90.27 %14.4 %14.5 % 2.00
Kolte Patil Developers Ltd 4,009 Cr. 452 557/29232.2 1360.00 %0.32 %4.36 % 10.0
Arvind SmartSpaces Ltd 3,189 Cr. 695 708/48717.3 1420.32 %12.4 %14.2 % 10.0
Elpro International Ltd 2,984 Cr. 176 183/71.223.1 1200.40 %6.57 %4.30 % 1.00
EFC (I) Ltd 2,921 Cr. 197 337/17111.3 54.60.00 %19.8 %34.3 % 2.00
Industry Average19,524.83 Cr443.8063.47153.910.65%11.55%12.35%6.13

All Competitor Stocks of Ashiana Housing Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 8713011112134618429012355133218293166
Expenses 9212010311331315226912966116200281136
Operating Profit -51098333320-6-1217181229
OPM % -6%8%8%7%10%18%7%-5%-22%13%8%4%18%
Other Income 5558557552121011
Interest 1111100211-000
Depreciation 2222232333333
Profit before tax -3131113353525-5-1015261836
Tax % -33%29%9%16%23%20%30%19%-28%27%23%30%24%
Net Profit -291011272817-5-811201328
EPS in Rs -0.180.881.011.062.722.771.73-0.54-0.751.082.021.272.74

Last Updated: January 13, 2026, 1:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 10:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1111435293823213383042422224109445291,038
Expenses 91105389291267303317241231379847511911
Operating Profit 2037140915434-131-9309718127
OPM % 18%26%27%24%17%10%-4%0%-4%7%10%3%12%
Other Income 112214151413-417816232444
Interest 2237121514953221
Depreciation 388878998891313
Profit before tax 2649143914924-390-153410826157
Tax % 15%5%26%27%22%42%-23%-473%-52%19%23%30%
Net Profit 2247106673814-302-7288318117
EPS in Rs 2.354.5410.346.553.741.35-2.950.17-0.692.728.301.8111.67
Dividend Payout % 21%11%5%4%7%19%-10%238%-131%18%18%83%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)113.64%125.53%-36.79%-43.28%-63.16%-314.29%106.67%-450.00%500.00%196.43%-78.31%
Change in YoY Net Profit Growth (%)0.00%11.90%-162.32%-6.49%-19.87%-251.13%420.95%-556.67%950.00%-303.57%-274.74%

Ashiana Housing Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:14%
5 Years:12%
3 Years:34%
TTM:-26%
Compounded Profit Growth
10 Years:-5%
5 Years:27%
3 Years:107%
TTM:-40%
Stock Price CAGR
10 Years:7%
5 Years:33%
3 Years:27%
1 Year:-3%
Return on Equity
10 Years:4%
5 Years:3%
3 Years:6%
Last Year:3%

Last Updated: September 4, 2025, 11:45 pm

Balance Sheet

Last Updated: June 17, 2026, 3:00 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital 202020202020202020202020
Reserves 502630702745761729730716739750744839
Borrowings 37688913816312468174184148276323
Other Liabilities 6194654093282492995219541,2561,4842,4483,101
Total Liabilities 1,1791,1831,2201,2321,1941,1731,3391,8642,2002,4023,4884,284
Fixed Assets 686386121121130989374101128110
CWIP 410000003000
Investments 2551781741581286686138101108206286
Other Assets 8539419609539459761,1551,6332,0222,1923,1533,887
Total Assets 1,1791,1831,2201,2321,1941,1731,3391,8642,2002,4023,4884,284

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + -4-79-39-54-1028121-6112212234342
Cash from Investing Activity + -203121-2411316412-4732-10-123-52
Cash from Financing Activity + 2131815322-63-7381-14-12852-58
Net Cash Flow 660-48-11222961-272975163232
Free Cash Flow -30-83-43-71-1924134-65-4182195318
CFO/OP -2%-36%-29%-83%-12%-235%14,143%654%60%242%1,395%298%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow20.000.0072.002.00-84.00-129.00-137.00-67.00-183.00-154.00-51.00-258.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 323519232925384141291528
Inventory Days 4,7369,4953,2614,7012,736
Days Payable 1582637317695
Cash Conversion Cycle 32354,596239,2613,2134,5634141292,65628
Working Capital Days 559432266475585663678715902517190226
ROCE %8%10%23%12%7%4%-1%0%-1%4%11%3%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters 61.11%61.11%61.11%61.11%61.11%61.11%61.11%61.11%61.11%61.11%61.11%61.11%
FIIs 7.86%8.24%8.28%8.34%7.46%7.47%7.74%7.88%7.87%7.90%8.29%8.19%
DIIs 7.40%7.33%7.08%6.99%7.85%7.75%7.75%8.06%8.06%8.06%8.07%8.08%
Public 23.64%23.32%23.54%23.57%23.58%23.67%23.41%22.96%22.95%22.93%22.55%22.63%
No. of Shareholders 20,28719,55622,30423,34124,01824,70525,56325,08624,98424,30623,19424,051

Shareholding Pattern Chart

No. of Shareholders

Ashiana Housing Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Contra Fund 7,189,147 0.44 212.446,086,2232025-12-08 05:56:0518.12%
SBI Multi Asset Allocation Fund 829,665 0.19 28.87690,9632025-12-08 05:56:0520.07%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 1.888.332.81-0.640.40
Diluted EPS (Rs.) 1.888.332.81-0.640.40
Cash EPS (Rs.) 3.079.243.550.121.04
Book Value[Excl.RevalReserv]/Share (Rs.) 75.9976.6274.2271.9173.36
Book Value[Incl.RevalReserv]/Share (Rs.) 75.9976.6274.2271.9173.36
Revenue From Operations / Share (Rs.) 52.6093.8939.8021.6622.74
PBDIT / Share (Rs.) 4.6011.874.470.281.78
PBIT / Share (Rs.) 3.3410.933.65-0.530.90
PBT / Share (Rs.) 2.6110.723.35-1.430.02
Net Profit / Share (Rs.) 1.818.302.72-0.680.16
NP After MI And SOA / Share (Rs.) 1.818.302.72-0.680.16
PBDIT Margin (%) 8.7412.6411.231.297.82
PBIT Margin (%) 6.3511.639.17-2.484.00
PBT Margin (%) 4.9511.418.42-6.600.12
Net Profit Margin (%) 3.448.836.84-3.170.73
NP After MI And SOA Margin (%) 3.448.836.84-3.170.73
Return on Networth / Equity (%) 2.3810.823.66-0.950.22
Return on Capital Employeed (%) 3.0911.443.81-0.581.09
Return On Assets (%) 0.523.461.26-0.370.12
Long Term Debt / Equity (X) 0.320.160.210.210.06
Total Debt / Equity (X) 0.340.190.230.210.06
Asset Turnover Ratio (%) 0.170.400.200.100.15
Current Ratio (X) 1.371.571.711.862.46
Quick Ratio (X) 0.410.510.450.500.94
Inventory Turnover Ratio (X) 0.270.000.000.000.00
Dividend Payout Ratio (NP) (%) 137.796.0218.35-116.17178.48
Dividend Payout Ratio (CP) (%) 81.425.4114.10615.7828.93
Earning Retention Ratio (%) -37.7993.9881.65216.17-78.48
Cash Earning Retention Ratio (%) 18.5894.5985.90-515.7871.07
Interest Coverage Ratio (X) 19.1758.0715.050.592.02
Interest Coverage Ratio (Post Tax) (X) 10.6441.5910.160.421.19
Enterprise Value (Cr.) 2830.142677.721760.141432.631247.74
EV / Net Operating Revenue (X) 5.352.844.326.465.36
EV / EBITDA (X) 61.2222.4538.45497.4468.56
MarketCap / Net Operating Revenue (X) 5.602.934.266.315.80
Retention Ratios (%) -37.7993.9781.64216.17-78.48
Price / BV (X) 3.883.582.281.901.80
Price / Net Operating Revenue (X) 5.602.934.266.315.80
EarningsYield 0.010.030.01-0.010.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

[display_about_company_data title=”About the Company – Qualitative Analysis”]

FAQ

What is the intrinsic value of Ashiana Housing Ltd and is it undervalued?

As of 11 September 2026, Ashiana Housing Ltd's intrinsic value is ₹223.48, which is 39.11% lower than the current market price of ₹367.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (14.5 %), book value (₹86.9), dividend yield (0.27 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Ashiana Housing Ltd?

Ashiana Housing Ltd is trading at ₹367.00 as of 11 September 2026, with a FY2026-2027 high of ₹448 and low of ₹269. The stock is currently in the middle of its 52-week range. Market cap stands at ₹3,685 Cr..

How does Ashiana Housing Ltd's P/E ratio compare to its industry?

Ashiana Housing Ltd has a P/E ratio of 31.2, which is below the industry average of 63.47. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Ashiana Housing Ltd financially healthy?

Key indicators for Ashiana Housing Ltd: ROCE of 14.4 % is moderate. Dividend yield is 0.27 %.

Is Ashiana Housing Ltd profitable and how is the profit trend?

Ashiana Housing Ltd reported a net profit of ₹18 Cr in Mar 2025 on revenue of ₹529 Cr. Compared to ₹-7 Cr in Mar 2022, the net profit shows an improving trend.

Does Ashiana Housing Ltd pay dividends?

Ashiana Housing Ltd has a dividend yield of 0.27 % at the current price of ₹367.00. The company pays dividends, though the yield is modest.

Last Updated: August 25, 2026, 5:08 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 523716 | NSE: ASHIANA
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Ashiana Housing Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE