Ashiana Housing Limited (ASHIANA.NS)

Ashiana Housing Limited (ASHIANA.NS) — VMCI valuation read

Ashiana Housing Limited sits at VMCI 45/100, with the Real Estate sector median at 50. That 5-point spread is the first thing to note on ASHIANA.NS: it tells the reader the composite is unfavorable before any single ratio is examined, and the mid-cap tier sets the comparison set.

Form 4 disclosures on ASHIANA.NS are blank for the trailing 30 days. With the insider channel offline, the EV/EBITDA delta, free-cash-flow trajectory, and the next earnings print do the talking.

**Investor frame.** The Value read on ASHIANA.NS: ASHIANA.NS trades at 16.0x earnings, 11% below the Real Estate median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 8.0% trails the Real Estate median (10.0%) by 2.0pp. The Risk read: net debt to EBITDA of -0.4x leaves covenant headroom, anchoring the bear scenario on a measurable balance-sheet metric.

ASHIANA.NS fell 3.7% over the trailing 7 days, with a -11.0% read on a 30-day basis.