One of the real estate stocks has jumped by 5.36 percent after announcing an agreement with Mahindra World City (Jaipur) Limited to develop a group housing project on 20 acres in Jaipur’s Social Infrastructure Zone. Additionally, Ashiana has signed a Memorandum of Understanding for a senior living project on 12.50 acres in Bengaluru’s Kanakapura Road.
Stock Movement
In Thursday’s trading session, Ashiana Housing Limited‘s share gained by 5.36 percent from the previous close of Rs. 306.85. The stock opened at Rs. 315 and is currently trading at Rs. 323.30, with a high of Rs. 329 and a low of Rs. 306.95. The market capitalization now stands at approximately Rs. 3,249.97 crore.
Rationale for Rise
Ashiana Housing has entered into an agreement with Mahindra World City (Jaipur) Limited to develop a group housing project. The development will take place on 20 acres in Jaipur’s Social Infrastructure Zone and offer an estimated saleable area of 20 lakh square feet. The lease deed will be executed within 90 days.
In another development, the company signed an MoU for a senior living project in Bengaluru’s Kanakapura Road, Harohalli. The project spans 12.50 acres with a planned saleable area of 11 lakh square feet. This joint development agreement with the three individual landowners will be executed within six months.
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Financial analysis and ratios
Ashiana Housing Limited’s revenue from operations has increased by 130.24 percent from Rs. 410 crore in FY23 to Rs. 944 crore in FY24. The company’s net profit has increased from Rs. 28 crore in FY23 to Rs. 83 crore in FY24, which has grown by 196.43 percent.
Ashiana Housing Limited’s revenue and net profit have grown at a CAGR of 22.80 percent and 42.75 percent, respectively, over the last five years.
In terms of return ratios, the company’s ROCE and ROE should be 11.3 percent and 10.4 percent, respectively. Ashiana Housing Limited’s debt-to-equity ratio is 0.33 and EPS is to be Rs. 6.67.
Company Overview
Ashiana Housing Limited leads real estate development across seven Indian states with diverse residential projects. The company builds premium homes, senior living communities, and kid-centric housing developments nationwide. The company’s portfolio includes notable projects like Ashiana Tarang, Ashiana Nirmay, and Ashiana Town across different categories. It operates through subsidiaries, including Ashiana Maintenance Services and Latest Developers Advisory.
Ashiana Housing Limited stands out by focusing on building happy communities rather than just constructing homes. Ashiana maintains long-term relationships with residents through dedicated maintenance and community services after possession. The company’s commitment to customer satisfaction has earned them recognition among India’s top realty brands.
Written By – Nikhil Naik
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