Ashiana Housing Ltd

Ashiana Housing Ltd

₹ 441 0.54%
03 Jul 1:49 p.m.
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 4,430 Cr.
  • Current Price 441
  • High / Low 469 / 188
  • Stock P/E 53.2
  • Book Value 76.6
  • Dividend Yield 0.11 %
  • ROCE 11.8 %
  • ROE 10.9 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 44.7% CAGR over last 5 years
  • Debtor days have improved from 29.1 to 16.9 days.

Cons

  • Stock is trading at 5.78 times its book value
  • Company has a low return on equity of 4.76% over last 3 years.

* 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.

Peer comparison

Sector: Realty Industry: Construction

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
78 38 58 51 75 80 87 130 111 121 346 185 290
84 44 63 55 68 65 92 120 103 113 313 152 269
Operating Profit -5 -6 -6 -4 6 15 -5 10 9 8 33 33 20
OPM % -7% -16% -10% -7% 9% 18% -6% 8% 8% 7% 10% 18% 7%
3 1 3 -0 4 1 5 5 5 8 5 4 7
Interest 2 2 1 1 1 1 1 1 1 1 1 0 0
Depreciation 2 2 2 2 1 2 2 2 2 2 2 3 2
Profit before tax -6 -9 -6 -7 8 13 -3 13 11 13 35 35 25
Tax % 10% 27% 9% 48% 18% 20% 33% 29% 9% 16% 23% 20% 30%
-6 -6 -6 -4 6 10 -2 9 10 11 27 28 17
EPS in Rs -0.55 -0.62 -0.56 -0.38 0.62 1.00 -0.18 0.88 1.01 1.06 2.72 2.77 1.73
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
149 111 143 529 382 321 338 304 242 222 407 944
114 91 105 389 291 267 303 317 241 231 379 847
Operating Profit 35 20 37 140 91 54 34 -13 1 -9 28 97
OPM % 23% 18% 26% 27% 24% 17% 10% -4% 0% -4% 7% 10%
13 11 22 14 15 14 13 -4 17 8 18 23
Interest 3 2 2 3 7 12 15 14 9 5 3 2
Depreciation 3 3 8 8 8 7 8 9 9 8 8 9
Profit before tax 42 26 49 143 91 49 24 -39 0 -15 34 108
Tax % 21% 15% 5% 26% 27% 22% 42% 23% -473% 52% 19% 23%
33 22 47 106 67 38 14 -30 2 -7 28 83
EPS in Rs 3.56 2.35 4.54 10.34 6.55 3.74 1.35 -2.95 0.17 -0.69 2.72 8.30
Dividend Payout % 13% 21% 11% 5% 4% 7% 19% -10% 238% -131% 18% 18%
Compounded Sales Growth
10 Years: 24%
5 Years: 23%
3 Years: 57%
TTM: 132%
Compounded Profit Growth
10 Years: 16%
5 Years: 45%
3 Years: 151%
TTM: 208%
Stock Price CAGR
10 Years: 14%
5 Years: 30%
3 Years: 48%
1 Year: 126%
Return on Equity
10 Years: 5%
5 Years: 2%
3 Years: 5%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 19 19 20 20 20 20 20 20 20 20 20 20
Reserves 249 266 502 630 702 745 761 729 730 716 739 750
14 12 37 68 89 138 163 124 68 174 184 148
130 316 619 465 409 328 249 299 521 954 1,256 1,487
Total Liabilities 412 613 1,179 1,183 1,220 1,232 1,194 1,173 1,339 1,864 2,200 2,406
46 56 68 63 86 121 121 130 98 93 74 98
CWIP 0 1 4 1 0 -0 -0 0 -0 -0 3 0
Investments 55 33 255 178 174 158 128 66 86 138 101 108
311 522 853 941 960 953 945 976 1,155 1,633 2,022 2,199
Total Assets 412 613 1,179 1,183 1,220 1,232 1,194 1,173 1,339 1,864 2,200 2,406

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-22 -23 -4 -79 -39 -54 -10 28 121 -85 12 212
49 30 -203 121 -24 11 31 64 12 -22 32 -10
-13 -8 213 18 15 32 2 -63 -73 81 -14 -128
Net Cash Flow 14 -0 6 60 -48 -11 22 29 61 -27 29 75

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 30 32 35 19 23 29 25 38 41 41 30 17
Inventory Days 4,736 9,495 3,261 4,701 775
Days Payable 158 263 73 176 27
Cash Conversion Cycle 30 32 35 4,596 23 9,261 3,213 4,563 41 41 30 765
Working Capital Days 352 559 435 272 475 654 666 679 729 917 536 239
ROCE % 15% 8% 10% 23% 12% 7% 4% -1% 0% -1% 4%

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
61.22% 61.22% 61.22% 61.22% 61.22% 61.22% 61.22% 61.22% 61.22% 61.11% 61.11% 61.11%
0.34% 2.55% 4.90% 5.69% 7.49% 7.54% 7.55% 7.58% 7.67% 7.86% 8.24% 8.28%
10.53% 10.45% 9.36% 9.44% 7.31% 8.16% 8.51% 8.63% 7.68% 7.40% 7.33% 7.08%
27.91% 25.78% 24.52% 23.65% 23.98% 23.06% 22.72% 22.57% 23.42% 23.64% 23.32% 23.54%
No. of Shareholders 21,46420,85420,30020,36620,42519,82019,50418,81918,74920,28719,55622,304

* 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.

Click on the line-items to see the names of individual entities.

Documents

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