AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 9 Sep - Intimation regarding Newspaper Advertisement for the notice of 40th Annual General Meeting to be held on 29th September 2026
Source: Bse
Ashiana Housing Limited (ASHIANA)
Small CapReal Estate stocks · Small cap · NSE
Ashiana Housing Limited operates in Real Estate Development, within the Real Estate sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result11 Aug, 06:41 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Real Estate P/E 22.2 (n=72)
Technical timing lens
Trend score and candlestick chart
53NeutralSMA20 +4.9% / mo · MACD − · sector -5.2pp vs Nifty 500 (3M)
Stock trend: 59
Sector RS: 45
Sector 3M: -10.8% vs Nifty 500 -5.6%
Real Estate FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
ASHIANAD candles · FIT view+7.3%Latest close ₹359.95 on 2026-10-21
Bar
+0.2%
RSI
39
MACD hist
-2.70
52W pos
54%
2026-10-21O ₹359.20H ₹365.70L ₹356.25C ₹359.95Vol 35,127 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
ASHIANANifty RealtyNifty 500
- ASHIANA
- -8.9%
- Nifty 500
- -6.5%
- Nifty Realty
- -13.1%
- Vs Nifty 500
- -2.4 pp
Chart stats
21 Oct 2026- From 52W high
- -17.4%
- 52W range position
- 54%
- ATR (14)
- 3.3%
- Volume vs 20D
- 0.42x
- Avg traded value
- ₹1.4 Cr
- 20D price channel
- ₹356.3 - ₹410
₹435.9
₹269.5 - ₹435.9
₹11.8
Latest completed session
20-session average
21.2% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE55
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue -63.5% · PAT +0.0% YoY
Technical
Neutral53
Price trend and sector-relative-strength timing.
Valuation
Legacy model+8.2%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence77
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100Rev -63% YoY · PAT 0% YoY · margin expansion · operating leverage
Filed 11 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹107 Cr | -63.5% | -66.9% |
| EBITDA | ₹8 Cr | -33.3% | -60.0% |
| Operating margin | 7.0% | +300 bps | +100 bps |
| PAT | ₹13 Cr | +0.0% | -38.1% |
| PAT margin | 12.2% | +771 bps | +565 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 32.80
- P/B
- 4.42
- EV/EBITDA
- 30.49
- Market Cap
- 3884.00Cr
Profitability
- ROE
- 13.80%
- ROCE
- 14.00%
- ROA
- 2.75%
- Dividend Y
- 0.65%
Growth (CAGR)
- Revenue 5Y
- 36.00%
- EPS 5Y
- 83.00%
- Revenue 3Y
- 41.00%
- EPS 3Y
- 61.00%
Balance Sheet
- Debt/Equity
- 0.38
- Interest Coverage
- 125.00×
- Altman Z
- 1.35
- Book Value
- 86.90
Cash Flow
- FCF Yield
- 7.47%
- FCF Positive Y
- 8/5
- OCF
- 342.00 Cr
- EPS TTM
- 11.77
Shareholding
- Promoter Hold
- 61.11%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 64%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 107-66.9% vs prev
Net Profit
₹ CrLatest: 13.0-38.1% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 39. Wait for confirmation.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 rising (~4.7% over last month) — short-term momentum positive.
- RSI(14) at 39 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 17% off 52W high · 34% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
78
RS percentile
Stage 1 Base / Transition
1M return
-11.2%
3M return
-8.9%
6M return
+6.0%
1Y return
+26.7%
RS 1D
0
RS 20D
-1
Sector rank
#18
Industry rank
#69
Stage evidence
- Price is within 0.4% of the 30-week proxy.
- The 30-week proxy changed +2.4% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price above
Sector
lagging
Industry
lagging
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 128.12+0.07%
RS vs Nifty 500128
Valuation & peers
U-Score 55 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 55 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Financial Turnaround
Fundamental score breakdown
U band · FAIR VALUEValuation2/30
Growth22/25
Quality10/20
Balance Sheet6/15
Cash Flow10/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
55
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
55/100 · legacy band FAIR VALUE
Positive drivers
- FCF yield is supportive at 7.5%.
- Piotroski is strong at 8/9.
- Cash flow contributes 10/10 to the score.
Main drags
- Altman Z is 1.4, in distress territory.
- Valuation is weaker at 2/30; verify the latest quarterly trend.
- Balance sheet is weaker at 6/15; verify the latest quarterly trend.
Sector valuation model
Real estate valuation: NAV, pre-sales, debt, and inventory quality
Real estate valuation depends more on project economics and balance sheet than simple PE.
Primary lens
NAV and market cap versus project pipeline and pre-sales.
Secondary checks
Inventory age, net debt, collections, execution record.
Main risk check
Book value can overstate value if inventory is slow or debt is high.
PE
32.8
PB
4.4
EV/EBITDA
30.5
ROE
13.8%
ROCE
14.0%
FCF Yield
7.5%
Debt/Equity
0.4
MoS
+8.2%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
55
Previous: 55
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+8.2%
Previous: +7.4%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
55
55
55
55
55
55
55
55
55
55
55
55
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹151.7
-137.3% MoS
Growth-justified P/E
33.3
Growth-justified Value
₹391.94
+8.2% MoS
PEG
0.44
Comparable companies
Peers
Business-comparable peers in Real Estate — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
MANINFRA
Small
Man Infraconstruction Limited
Real Estate
match 176
43
23.1
9.2%
+37%
WATCHLIST
MARATHON
Small
Marathon Nextgen Realty Limited
Real Estate
match 176
64
13.2
4.7%
+60%
UNDERVALUED
AJMERA
Small
Ajmera Realty & Infra India Limited
Real Estate
match 176
59
14.9
11.5%
+51%
FAIR VALUE
PSPPROJECT
Small
PSP Projects Limited
Real Estate
match 175
21
41.3
4.5%
-837%
OVERVALUED
GANESHHOU
Small
GANESH HOUSING LIMITED
Real Estate
match 174
62
22.1
16.0%
+36%
UNDERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Ashiana Housing Limited operates in Real Estate Development, within the Real Estate sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
77Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 83rd percentile of the scored universe and 94th percentile within Real Estate. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
163 docs text-extracted · 57 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
83rd percentile
overall median 67 · Real Estate: 94th pctile, median 61 · Small: 86th pctile, median 66
Evidence depth
Financial-only
163 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
89
strong · profit to cash conversion
Balance sheet
63
acceptable · leverage and solvency
Discipline
76
strong · capital discipline
Results
64
acceptable · quarterly consistency
Trust positives
- ▸Promoter holding is 61.1%.
- ▸Promoter pledge is zero.
- ▸FCF yield is 8%.
- ▸8 years of positive FCF.
Trust risks
- ▸Altman Z is 1.30.
- ▸OPM spread across recent quarters is 41%.
- ▸2 older quarters in the 8-quarter window had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Ashiana Housing Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Dividend Updates 7 Sep - Record date fixed as 22 September 2026 for AGM and dividend, subject to shareholder approval.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Change in Management 29 Sep - Shareholders approved Anjali Yadav & Associates as secretarial auditor for FY2026-27 to FY2030-31.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Change in Management 29 Sep - Shareholders approved re-appointment of Krishna Suraj Moraje as Independent Director for 5 years at 40th AGM.
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 19 Aug - Intimation of Analyst/ Institutional Investor Meeting to be held on 25th August 2026 as per the details in the PDF attached
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 13 Aug - Announcement under Regulation 47(4) and 52(8) of SEBI (LODR) Regulations, 2015- Newspaper Publication
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Change in Management 11 Aug - Board approved Krishna Suraj Moraje’s reappointment as Independent Director for 5 years, subject to shareholder approval.
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 2 Jul - Income Tax Department levied ₹2,08,286 and ₹20,000 penalties on July 2, 2026 for FY2013-14 TDS lapses.
Source: Bse
AnnouncementJul 2026
Jul 2026 · Corporate Announcement About Commencement Of Conversion Process Of Units Of 'Ashiana Oma' Project At Jaipur (Rajasthan) 20 Jul - Ashiana Oma converted 224 units into bookings worth ₹372.45 crore; process began 18 July 2026.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.