EN DE

Ashiana Housing Limited (ASHIANA) Fair Value & Analysis

Real Estate · IN · Market cap ₹38.9B

AH Ashiana Housing Limited ASHIANA · BSE
Price₹386.90
Fair Value₹199.37
Upside-48.5%
Quality66/100
Healthy Growth
Solidly profitable · 10.3% net margin
Low debt · generates free cash flow
0.64% dividend yield
Narrow moat 42/100
Watch Ashiana Housing Limited for free, get notified when fair value or trend changes. Watch for free
Evidence: High Range ₹149.52 – ₹249.21 Share as image

Fair value as of: Aug 4, 2026

From 24 valuation models · updated today

Share price −0.3% over the past month.

A solid business, but screening 48% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹249.21). The favourable scenario is already priced in.
  • Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

₹444.37 ₹108.30 Fair Value ₹199.37 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 4, 2026.

How to read this chart

60‑month range ₹108.30 – ₹444.37 · fair‑value band ₹149.52 – ₹249.21 · the ₹386.90 price screens above the ₹199.37 fair value. Dashed = 300-day average. As of Aug 4, 2026.

Which stocks are undervalued right now? Check free Discover now →

Analysis

Ashiana Housing Limited (ASHIANA) currently trades at ₹386.90, while our model-based Fair Value estimate is ₹199.37, implying the stock looks roughly 48.5% overvalued today. We read business quality at 66/100 (solid quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Ashiana Housing Limited generated revenue of ₹11.4B at a net margin of 10.3%. Revenue grew 46.8% year over year. It earns a return on equity of 14.5%. Net debt stands at ₹1.2B. Fundamentals as of Aug 4, 2026

Our scenario range runs from ₹149.52 (bear case) to ₹249.21 (bull case); at ₹386.90, the current price sits above that range. The share trades about 14% below its 52-week high and 56% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 0% fair-value upside, at -48%, ASHIANA screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF ₹500.70 ₹926.07 ₹1,786 80
Residual Income ₹82.77 ₹104.74 ₹263.68 76
Rev-Margin DCF ₹234.42 ₹398.47 ₹690.92 74
All 24 models by family
DCF Models
FCF DCF ₹531.95 ₹833.51 ₹1,794 38
Owner Earnings ₹172.59 ₹384.90 ₹830.60 31
5Y Revenue Exit ₹234.42 ₹348.28 ₹579.95 39
5Y EBITDA Exit ₹246.68 ₹373.22 ₹616.99 41
5Y P/E Exit ₹281.67 ₹538.56 ₹873.56 38
10Y Revenue Exit ₹318.81 ₹562.65 ₹688.42 36
10Y EBITDA Exit ₹332.48 ₹588.77 ₹1,008 37
10Y P/E Exit ₹357.93 ₹663.30 ₹1,153 35
Earnings-Based
Graham-Dodd ₹79.75 ₹556.14 ₹780.46 54
Lynch FV ₹201.78 ₹288.26 ₹374.74 50
PEG = 1.0 ₹201.78 ₹288.26 ₹374.74 46
EPV ₹105.48 ₹122.03 ₹136.52 59
Multiples
P/E Multiple ₹175.91 ₹234.55 ₹293.19 63
P/S Multiple ₹149.52 ₹199.37 ₹249.21 58
P/B Multiple ₹149.52 ₹199.37 ₹249.21 55
EV/EBIT ₹162.59 ₹214.73 ₹266.87 53
EV/EBITDA ₹135.47 ₹178.57 ₹221.67 54
EV/Revenue ₹111.60 ₹156.79 ₹201.98 43
Asset-Based
NCAV (Graham) ₹42.75 ₹57.28 ₹85.50 50
Growth DCF
Growth DCF ₹500.70 ₹926.07 ₹1,786 80
Rev-Margin DCF ₹234.42 ₹398.47 ₹690.92 74
Economic Profit
Residual Income ₹82.77 ₹104.74 ₹263.68 76
ROIC Compounder ₹125.10 ₹175.84 ₹218.15 72
Growth Earnings
Growth-Adj P/E ₹255.35 ₹364.78 ₹474.22 68

Widest divergence: DCF Models (₹538.56) versus Asset-Based (₹57.28). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) ₹11.4B
Revenue growth (YoY) +46.8%
Net margin 10.3%
Return on equity 14.5%
Free cash flow ₹3.1B FY2025
P/E ratio 32.2
More key figures
Operating margin 5.3%
EPS (TTM) ₹12.00
Dividend yield 0.6%
EPS growth (YoY) +6.8%
Net debt ₹1.2B FY2024

Figures from reported company fundamentals · as of Aug 4, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 65 · Market factors (momentum, volatility) 71

Profitability 32
Margins and returns on capital today
Quality Growth 64
Are margins and returns improving?
Cashflow 99
Earnings quality: real cash, not paper profit
Fin. Strength 57
Balance sheet, leverage, solvency risk
Investment 59
Disciplined investing over empire-building
Low Volatility 83
Calm price path (market factor)
Momentum 67
Price trend over the last 3–12 months (market factor)
52W Momentum 64
Distance to the 52-week high (market factor)
Net Issuance 85
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Ashiana Housing Limited, through its subsidiaries, engages in the real estate development business in India. The company develops comfort, senior living, kid centric, elite, premium, and care homes. It also engages in the resale and rental of properties; operation of hotels and clubs; and maintenance activities.

Full company description

Ashiana Housing Limited, through its subsidiaries, engages in the real estate development business in India. The company develops comfort, senior living, kid centric, elite, premium, and care homes. It also engages in the resale and rental of properties; operation of hotels and clubs; and maintenance activities. The company was founded in 1979 and is headquartered in New Delhi, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ashiana Housing Limited reported revenue of ₹11.4B in FY2025 versus ₹2.2B in FY2021, a compound +50.7%/yr. Reported net income was ₹1.2B in FY2025.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
₹11.4B
Latest YoY
+116.2%
Avg. growth/yr (3Y)
+41.1%
Avg. growth/yr (5Y)
+36.4%
Avg. growth/yr (9Y)
+12.9%
Revenue +50.7%/yr
FY21 ₹2.2B
FY22 ₹4.1B
FY23 ₹9.4B
FY24 ₹5.3B
FY25 ₹11.4B
Net income
FY21 −₹70.4M
FY22 ₹279M
FY23 ₹834M
FY24 ₹182M
FY25 ₹1.2B

ASHIANA screens 48% overvalued. Compare with Vinhomes Joint Stock Company →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Ashiana Housing Limited Fair Value". https://www.fairvalue-calculator.com/stock/ASHIANA

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Aug 4, 2026).

Stock Price Fair Value vs Fair Value
Vinhomes Joint Stock Company VHM 147,000 VND 147,415 VND +0%
DLF Limited DLF ₹657.75 ₹159.49 -76%
Lodha Developers Limited LODHA ₹1,188 ₹583.43 -51%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,125 IDR 1,330 IDR -78%
Oberoi Realty Limited OBEROIRLTY ₹1,925 ₹1,183 -39%
Godrej Properties Limited GODREJPROP ₹2,102 ₹1,044 -50%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 1,674 IDR +55%
PT Bumi Serpong Damai Tbk, BSDE 555.00 IDR 1,388 IDR +150%
PT Sentul City Tbk, BKSL 64.00 IDR 84.16 IDR +32%
PT Ciputra Development Tbk, CTRA 555.00 IDR 1,388 IDR +150%

Compare Ashiana Housing Limited with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Real Estate stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Ashiana Housing Limited (ASHIANA) overvalued or undervalued?
As of Aug 4, 2026, our model estimates a fair value of ₹199.37 versus a price of ₹386.90, about −48% (overvalued).
What is the fair value of ASHIANA?
Our model-based fair value for Ashiana Housing Limited is ₹199.37 (as of Aug 4, 2026), built from audited fundamentals. The current price is ₹386.90.
What is the quality score of ASHIANA?
Ashiana Housing Limited has a Quality Score of 66/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Ashiana Housing Limited (ASHIANA)?
Ashiana Housing Limited reported trailing-twelve-month revenue of about ₹11.4B (latest available figure, as of Aug 4, 2026).
What is the net profit margin of ASHIANA?
The net profit margin of Ashiana Housing Limited is about 10.3%, meaning it keeps roughly 10.3% of revenue as net income. Based on the latest reported figures.
Does Ashiana Housing Limited pay a dividend?
Ashiana Housing Limited currently shows a dividend yield of about 0.64% relative to its recent price (as of Aug 4, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track Ashiana Housing Limited and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.