Ashiana Housing Ltd

Ashiana Housing Ltd

₹ 347 -1.81%
02 Jan - close price
About

Ashiana Housing is principal business activity of the company is Real Estate Development.

Key Points

Focus on Quick Delivery
Ashiana's core business model is to buy land and turn it into a residential building and sell it. Inventories should be liquidated in a 5-7 year timeframe. Management targets projects with gross margins over 30%. [1]

  • Market Cap 3,487 Cr.
  • Current Price 347
  • High / Low 469 / 268
  • Stock P/E 114
  • Book Value 75.4
  • Dividend Yield 0.43 %
  • ROCE 10.8 %
  • ROE 9.96 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 34.8% CAGR over last 5 years

Cons

  • Stock is trading at 4.60 times its book value
  • Company has a low return on equity of 4.46% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.18.3 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
46.79 40.46 51.52 65.55 72.54 114.79 98.53 105.12 328.06 166.70 276.61 104.32 38.30
50.56 42.83 52.85 51.53 75.85 104.91 89.70 97.02 294.04 134.99 256.38 108.82 47.22
Operating Profit -3.77 -2.37 -1.33 14.02 -3.31 9.88 8.83 8.10 34.02 31.71 20.23 -4.50 -8.92
OPM % -8.06% -5.86% -2.58% 21.39% -4.56% 8.61% 8.96% 7.71% 10.37% 19.02% 7.31% -4.31% -23.29%
0.90 -0.54 12.28 1.20 3.93 4.04 4.42 7.23 3.57 3.27 7.04 4.24 3.77
Interest 1.28 1.06 0.86 0.82 0.72 0.79 0.63 0.72 0.61 0.35 0.34 1.51 0.65
Depreciation 2.18 2.13 1.30 2.07 1.88 1.97 1.77 2.02 2.16 2.50 2.41 2.66 3.06
Profit before tax -6.33 -6.10 8.79 12.33 -1.98 11.16 10.85 12.59 34.82 32.13 24.52 -4.43 -8.86
Tax % -10.11% -42.62% -6.03% 16.63% -55.05% 25.27% 14.01% 14.85% 24.10% 20.01% 29.24% 20.54% -20.88%
-5.69 -3.50 9.32 10.28 -0.89 8.34 9.33 10.72 26.43 25.70 17.35 -5.34 -7.01
EPS in Rs -0.56 -0.34 0.91 1.00 -0.09 0.81 0.91 1.05 2.63 2.56 1.73 -0.53 -0.70
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
119 77 120 506 356 289 302 262 202 172 353 878 586
88 61 84 365 264 234 263 270 197 178 322 782 547
Operating Profit 31 15 37 141 92 55 39 -8 5 -6 31 96 39
OPM % 26% 20% 31% 28% 26% 19% 13% -3% 2% -3% 9% 11% 7%
12 11 20 14 14 12 10 -6 16 6 12 19 18
Interest 3 2 2 3 7 11 15 13 9 5 3 2 3
Depreciation 3 3 8 8 8 7 8 9 9 8 8 9 11
Profit before tax 37 21 47 145 92 48 26 -36 3 -12 32 104 43
Tax % 14% -1% 4% 25% 27% 20% 33% -23% -18% -51% 16% 23%
32 21 46 108 67 39 18 -28 4 -6 27 80 31
EPS in Rs 3.45 2.30 4.46 10.55 6.55 3.79 1.73 -2.75 0.35 -0.58 2.64 7.98 3.06
Dividend Payout % 13% 22% 11% 5% 4% 7% 14% -11% 113% -155% 19% 19%
Compounded Sales Growth
10 Years: 28%
5 Years: 24%
3 Years: 63%
TTM: -9%
Compounded Profit Growth
10 Years: 15%
5 Years: 35%
3 Years: 180%
TTM: -44%
Stock Price CAGR
10 Years: 5%
5 Years: 27%
3 Years: 26%
1 Year: 25%
Return on Equity
10 Years: 5%
5 Years: 2%
3 Years: 4%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 19 19 20 20 20 20 20 20 20 20 20 20 20
Reserves 248 264 500 630 703 746 765 734 735 721 743 751 738
14 12 36 68 89 134 160 124 65 172 184 148 274
96 290 545 441 367 276 190 237 452 878 1,173 1,386 1,858
Total Liabilities 376 585 1,102 1,159 1,179 1,176 1,135 1,115 1,273 1,792 2,120 2,305 2,889
45 55 62 63 86 120 121 129 96 91 73 101 113
CWIP 0 1 4 0 0 0 0 0 0 0 3 0 0
Investments 67 49 291 180 165 140 109 50 65 115 80 79 69
264 480 745 916 928 916 906 936 1,112 1,585 1,964 2,125 2,707
Total Assets 376 585 1,102 1,159 1,179 1,176 1,135 1,115 1,273 1,792 2,120 2,305 2,889

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-74 -28 -21 -102 -49 -58 -14 34 118 -86 1 201
102 35 -201 139 -7 19 28 57 13 -25 30 -4
-15 -9 221 20 1 24 4 -60 -73 82 -13 -128
Net Cash Flow 13 -2 -1 57 -55 -15 17 31 58 -29 18 69

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 21 16 17 14 15 18 13 25 24 24 22 12
Inventory Days 4,735 9,551 3,260 4,460 2,736
Days Payable 148 237 59 144 87
Cash Conversion Cycle 21 16 17 4,600 15 9,332 3,213 4,340 24 24 22 2,661
Working Capital Days 390 714 499 285 523 749 775 809 914 1,237 648 225
ROCE % 14% 7% 10% 23% 12% 7% 4% -1% 1% -0% 4% 11%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
61.22% 61.22% 61.22% 61.22% 61.22% 61.22% 61.22% 61.11% 61.11% 61.11% 61.11% 61.11%
4.90% 5.69% 7.49% 7.54% 7.55% 7.58% 7.67% 7.86% 8.24% 8.28% 8.34% 7.46%
9.36% 9.44% 7.31% 8.16% 8.51% 8.63% 7.68% 7.40% 7.33% 7.08% 6.99% 7.85%
24.52% 23.65% 23.98% 23.06% 22.72% 22.57% 23.42% 23.64% 23.32% 23.54% 23.57% 23.58%
No. of Shareholders 20,30020,36620,42519,82019,50418,81918,74920,28719,55622,30423,34124,018

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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