Ashiana Housing Ltd Q1FY16 Result/Concall Update: IndiaNivesh

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August 23, 2015 at 3:38 pm #2306

Vidhi Khanna
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At CMP Rs. 172, AHL is trading at FY16E and FY17E, EV/EBIDTA multiple of 4.9x and 3.1x respectively. The management believes very strongly to recognize revenues for 1800 units (~2.8 mn sq. ft.) of residential projects in FY16 and does not expect any significant delays.

We continue to maintain our positive view on the stock with a strong BUY rating having a SOTP based TP of Rs. 290 with a 69% upside. The stock has corrected 47% from its 52 week high of Rs 327 (on 24th Feb, 2015) and provides an attractive entry.

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