ASHIANA
Ashiana Housing share price & financials
- Price
- ₹383.85
- Market cap
- ₹3.7k Cr
- Sector
- Realty
- Calls analysed
- 7
Ashiana Housing Limited Q1 FY27
What went well
- Collections remained healthy at INR409 crores during Q1 FY27, registering a 6% year-on-year growth, reflecting sustained customer confidence and strong collection efficiency.
- Average realization improved significantly to INR9,923 per square foot, representing a 37% year-on-year increase, driven by a favorable product mix and continued pricing resilience.
- The company made a significant investment by acquiring 28.55 acres of land at Vadgaon, Maval in Pune, for a Senior Living project with an estimated saleable area of 20 lakh square feet and a potential sales value of around INR1,800 crores.
What to watch
- Booking value of INR358 crores during Q1 FY27 moderated compared to the exceptionally strong preceding quarter.
- Residential demand across key markets softened somewhat during the quarter, weighed down by global economic uncertainties and a cautious wait-and-watch approach among some homebuyers.
What Ashiana Housing Limited does
Ashiana Housing develops and sells residential real estate, earning revenue when booked housing units are constructed and handed over to buyers. It builds under four distinct formats — Senior Living, Kid Centric Homes, Elite Homes and Premium Homes — and is recognised as a pioneer of organised, purpose-built Senior Living housing in India. Projects are executed both on 100%-owned land and through joint-development/revenue-share arrangements with landowners, spread across Bhiwadi, Gurugram, Pune, Chennai, Jaipur, Jamshedpur, Jodhpur and Neemrana.
Segments
- Senior Living
- Kid Centric Homes
- Elite Homes
- Premium Homes
- Cities of operation
- 8 cities — Bhiwadi, Gurugram, Pune, Chennai, Jaipur, Jamshedpur, Jodhpur, Neemrana
- Ongoing projects – saleable area
- 91.55 lakh sq ft
- Ongoing project phases
- 34 (30 wholly-owned + 4 partnership)
- Land bank for future development
- ~96 lakh sq ft
- Housing formats offered
- 4 — Senior Living, Kid Centric Homes, Elite Homes, Premium Homes
- Senior Living market position
- Ranked India's No. 1 Senior Living developer for 9 consecutive years (Track2Realty)
Guidance record · Q1 FY27
what the last two calls moved 22 tracked 5 delivered 5 missed 12 open- FY27 Senior Living Sales went quiet said Q4 FY26 Promised: Senior living is targeted to cross even Rs. 700 crores. Q1 FY27: The specific INR 700 crore target for FY27 was not mentioned. Management discussed a long-term 25% CAGR and a target of INR 1,500 crores by FY29-30.
- Bangalore Land Acquisition Closure delayed said Q3 FY25 Promised: I am hoping this quarter we should be able to get through. If not this quarter, the next quarter. Q1 FY27: Progress continues on resolving CPs. Management is 'hoping that we should have the final definitive documentation signed off sooner than later' and is 'quite confident that South Bengaluru should happen soon.'
- FY26 Presales Value delivered said Q4 FY25 Promised: We are targeting for Rs. 2,000 crores internally again for this year. Q4 FY26: Achieved highest ever booking value of Rs. 2,421 crores for FY26.
All 22 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue down 63.5%, net profit up 0.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 55 | 133 | 218 | 293 | 166 +202% | 362 +172% | 323 +48% | 107 −63% |
| EBITDA | -12 | 17 | 18 | 12 | 29 +342% | 68 +300% | 20 +11% | 8 −33% |
| Net profit | -8 | 11 | 20 | 13 | 28 +450% | 57 +418% | 21 +5% | 13 +0% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +11.1% 1Y
1Y: ₹312.05 on 10 Sept 2025 → ₹346.75. High ₹396.05 (1 Jul 2026), low ₹273 (10 Nov 2025).
How the price took the results
close before → close after
- Q1 FY27
- −0.1%
- 12 Aug
- Q4 FY26
- −3.6%
- 29 May
- Q3 FY26
- −0.3%
- 12 Feb
- Q2 FY26
- +0.3%
- 13 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 41.0% a year over 3 years, FY23 to FY26. Operating margin widened to 11.3%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹408 Cr | ₹941 Cr | ₹529 Cr | ₹1.1k Cr |
| Operating profit | ₹29 Cr | ₹94 Cr | ₹17 Cr | ₹129 Cr |
| Operating margin | 7.1% | 10.0% | 3.2% | 11.3% |
| Interest | ₹4 Cr | ₹2 Cr | ₹4 Cr | ₹1 Cr |
| Depreciation | ₹8 Cr | ₹9 Cr | ₹12 Cr | ₹12 Cr |
| Net profit | ₹27 Cr | ₹83 Cr | ₹18 Cr | ₹119 Cr |
| Net margin | 6.6% | 8.8% | 3.4% | 10.4% |
| Cash from operations | ₹12 Cr | ₹212 Cr | ₹234 Cr | ₹342 Cr |
| Free cash flow | ₹-4 Cr | ₹182 Cr | ₹195 Cr | ₹318 Cr |
| ROCE | 4.0% | 11.0% | 3.0% | 14.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹20 Cr | ₹20 Cr | ₹20 Cr | ₹20 Cr | ₹20 Cr | ₹20 Cr |
| Reserves | ₹730 Cr | ₹716 Cr | ₹739 Cr | ₹750 Cr | ₹770 Cr | ₹839 Cr |
| Borrowings | ₹68 Cr | ₹174 Cr | ₹184 Cr | ₹148 Cr | ₹350 Cr | ₹323 Cr |
| Other liabilities | ₹521 Cr | ₹954 Cr | ₹1.3k Cr | ₹1.5k Cr | ₹2.8k Cr | ₹3.1k Cr |
| Total liabilities | ₹1.3k Cr | ₹1.9k Cr | ₹2.2k Cr | ₹2.4k Cr | ₹3.9k Cr | ₹4.3k Cr |
| Fixed assets | ₹98 Cr | ₹93 Cr | ₹74 Cr | ₹101 Cr | ₹112 Cr | ₹110 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹3 Cr | ₹0 Cr | ₹1 Cr | ₹0 Cr |
| Investments | ₹86 Cr | ₹138 Cr | ₹101 Cr | ₹108 Cr | ₹302 Cr | ₹286 Cr |
| Other assets | ₹1.2k Cr | ₹1.6k Cr | ₹2.0k Cr | ₹2.2k Cr | ₹3.5k Cr | ₹3.9k Cr |
| Total assets | ₹1.3k Cr | ₹1.9k Cr | ₹2.2k Cr | ₹2.4k Cr | ₹3.9k Cr | ₹4.3k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public trimmed −0.33 pp while FIIs added +0.31 pp. The shareholder count shrank 4% to 24,051.
- Promoters
- 61.1%
- FIIs
- 8.2%
- DIIs
- 8.1%
- Public
- 22.6%
Since Jun 2025
- Public −0.33 pp
- FIIs +0.31 pp
- DIIs +0.02 pp
How it drifted, 12 quarters
Over this window the public fell from 23.6% to 22.6% — −1.0 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 61.1%, FIIs 7.9%, DIIs 7.4%, Public 23.6%.Dec '23: Promoters 61.1%, FIIs 8.2%, DIIs 7.3%, Public 23.3%.Mar '24: Promoters 61.1%, FIIs 8.3%, DIIs 7.1%, Public 23.5%.Jun '24: Promoters 61.1%, FIIs 8.3%, DIIs 7.0%, Public 23.6%.Sep '24: Promoters 61.1%, FIIs 7.5%, DIIs 7.8%, Public 23.6%.Dec '24: Promoters 61.1%, FIIs 7.5%, DIIs 7.8%, Public 23.7%.Mar '25: Promoters 61.1%, FIIs 7.7%, DIIs 7.8%, Public 23.4%.Jun '25: Promoters 61.1%, FIIs 7.9%, DIIs 8.1%, Public 23.0%.Sep '25: Promoters 61.1%, FIIs 7.9%, DIIs 8.1%, Public 22.9%.Dec '25: Promoters 61.1%, FIIs 7.9%, DIIs 8.1%, Public 22.9%.Mar '26: Promoters 61.1%, FIIs 8.3%, DIIs 8.1%, Public 22.6%.Jun '26: Promoters 61.1%, FIIs 8.2%, DIIs 8.1%, Public 22.6%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- SBI Multi Asset Allocation Fund Mutual fund newly disclosed 7.98% held
- Investor Education And Protection Fund Authority Ministry Of Corporate Affairs newly disclosed 3.47% held
The same filing shows 0 holders trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Ashiana Housing Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Ankur Gupta | 19.80% | unchanged |
| Varun Gupta | 19.80% | unchanged |
| Vishal Gupta | 13.75% | unchanged |
| SBI Multi Asset Allocation Fund Mutual fund | 7.98% | newly disclosed |
| India Capital Fund Limited FPI fund | 7.12% | unchanged |
| Rachna Gupta | 6.06% | unchanged |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | 3.47% | newly disclosed |
| Opg Realtors Limited | 1.70% | unchanged |
| SBI Contra Fund Mutual fund | — | off the list |
| Investor Education and Protection Fund | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in ASHIANA
Filings to Aug 2026
0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).
- Held by funds
- ₹294 Cr
- 2 schemes
- Biggest holder
- SBI Contra Fund
- ₹264 Cr · 0.6% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| SBI Contra Fund SBI Mutual Fund | ₹264 Cr | held | Aug '21 |
| SBI Multi Asset Allocation Fund SBI Mutual Fund | ₹30 Cr | held | Mar '22 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
0 added, 0 trimmed — net 0 shares (+0.0%)
- Funds are sitting on
- +88%
- vs est. average cost
- Held by funds
- ₹294 Cr
- 2 schemes · ≈ 8.4% of the company
- Biggest holder
- SBI Contra Fund
- ₹264 Cr · 0.6% of that fund
Shares held by these funds +35%
Aug '23 80.19 L shares Jul '26
All earnings calls (7)
Read the Q1 FY27 call →Learn to analyse Ashiana Housing Limited
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