Develops and sells residential homes across Indian cities, with a strong focus on Senior Living projects. In FY26, the value of area booked reached Rs 2,421.13 crores, up 25% year-on-year, with Q4 FY26 alone contributing Rs 1,289.70 crores driven by the launch of Ashiana Aaroham in Gurugram. Ongoing projects carry Rs 5,897.31 crores of locked-in revenue over the next 3-5 years, and FY26 collections hit a record Rs 1,762 crores. Senior Living is a strategic growth area, contributing Rs 570.15 crores in FY26 booking value, and the company has been expanding its land bank with 28.55 acres at Vadgaon, Pune (about 20 lakh sq ft saleable area) and 38.59 acres in Chennai and Maharashtra. Monthly sales updates for July 2026 show 6.02 lakh sq ft of area booked worth Rs 501.76 crores, while Q1 FY27 booked 3.61 lakh sq ft covering 234 units worth Rs 357.80 crores. Materials, which cover land and construction, account for 68.9% of revenue, making project cost the dominant cost driver. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Residential real estate development, Senior Living projects. Asset-heavy residential real estate developer with a senior living focus and a multi-city project pipeline.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 222 | 407 | 944 | 529 | 1,143 |
| EBITDA (ex other income) | (13) | 28 | 97 | 13 | 130 |
| margin % | (6.0) | 6.9 | 10.2 | 2.4 | 11.3 |
| Owners' profit | 0 | 0 | 0 | 18 | 0 |
| EPS, as reported (₹) | (0.64) | 2.81 | 8.33 | 1.86 | 11.99 |
| ROE % · ROCE % | (1.0) · (1.0) | 3.7 · 3.8 | 10.8 · 11.4 | 2.4 · 2.6 | 13.7 · 13.3 |
| Debt / equity (x) | 0.22 | 0.24 | 0.19 | 0.34 | 0.36 |
| Cash from operations | (62) | 12 | 212 | 234 | 342 |
| Capex | (5) | (16) | (32) | (40) | (28) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 55 | 133 | 218 | 293 | 166 | 362 | 323 | 107 |
| Profit before tax | (10) | 15 | 26 | 18 | 36 | 76 | 29 | 16 |
| Net profit | (8) | 11 | 20 | 13 | 28 | 57 | 21 | 13 |
| EPS (₹) | (0.80) | 1.11 | 2.06 | 1.31 | 2.82 | 5.66 | 2.20 | 1.36 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| DLF LIMITED | 1,59,533 | 35.9 | 3.51 | 48.1 | 9.7 | 6.0 | 8.6 | 37.1 |
| LODHA DEVELOPERS LIMITED | 1,11,589 | 27.0 | 4.76 | 22.1 | 14.6 | 15.7 | 25.1 | 40.5 |
| THE PHOENIX MILLS LTD | 67,594 | 52.8 | 4.73 | 26.2 | 10.9 | 9.9 | 32.7 | 63.4 |
| PRESTIGE ESTATE LTD | 64,519 | 56.6 | 3.85 | 18.5 | 7.8 | 6.8 | 11.8 | 38.1 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · Newspaper publication of 40th AGM notice, meeting on 29 Sep 2026 | compliance | minimal | — | — |
| 7 Sept 2026 · Record date set at 22-Sep-2026 for AGM and dividend | corporate actions | medium | — | — |
| 7 Sept 2026 · AGM notice on 29 Sep 2026 with annual report; final dividend INR 1.50 per share | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Ashiana Housing 40th AGM notice and FY26 annual report filed | board shareholder meetings | medium | — | — |
| 3 Sept 2026 · Ashiana Housing fined Rs 3.99 lakh by Rajasthan RERA for delay in OC/CC upload | regulatory legal | medium | — | — |
| 3 Sept 2026 · Ashiana Housing faces GST demand of about 3.45 crore from Tamil Nadu | regulatory legal | high | — | — |
| 1 Sept 2026 · Ashiana Housing: August 2026 area bookings at INR 165.93 Cr | business updates | medium | — | — |
| 24 Aug 2026 · Ashiana Housing pays interest and partial redemption on NCDs | credit debt | medium | — | — |
| 19 Aug 2026 · Ashiana Housing non-deal roadshow with investors on 25 August 2026 | board shareholder meetings | low | — | — |
| 17 Aug 2026 · Ashiana Housing Q1 FY27 Earnings Call Transcript | investor communications | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| OBEROI REALTY LIMITED |
| 63,306 |
| 20.8 |
| 3.53 |
| 18.2 |
| 14.0 |
| 15.5 |
| 24.0 |
| 61.1 |
| GODREJ PROPERTIES LTD | 52,653 | 32.9 | 2.72 | 23.7 | 9.5 | 11.4 | 46.3 | 107.7 |
| ANANT RAJ LIMITED | 21,490 | 36.2 | 3.69 | 29.3 | 9.6 | 10.2 | 58.7 | 32.1 |
| BRIGADE ENTER. LTD | 20,941 | 24.4 | 2.78 | 15.7 | 9.6 | 6.8 | 23.9 | 41.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 28.6 | 21.8 | 38 of 57 | 34% |
| P/B | 4.0 | 2.1 | 57 of 64 | 11% |
| ROCE | 13.1 | 6.8 | 18 of 67 | 74% |
| ROE | 13.7 | 8.2 | 15 of 67 | 79% |
| Debt / Equity | 0.4 | 0.4 | 33 of 67 | 52% |
| EBITDA margin | 18.5 | 29.6 | 46 of 66 | 31% |
| Revenue growth | (63.3) | 12.8 | 63 of 67 | 6% |
| Profit growth | 3.0 | 7.5 | 38 of 66 | 43% |
| Market cap | 3463 | 2250 | 25 of 67 | 64% |
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| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
