Ashiana Housing Ltd

[rmani84]

CMP: 165

Ashiana Housing and Finance Ltd. develops real estate in both the residential and commercial sectors.

Ashiana Housing is a good bet in small-cap space. Its currently trading at a P/E of little over 5 with good dividend yields of over 1% in the last 12 months. Minimal liability. Revenues have grown from 50 Crores to 143 Crores in the last 5 years. Profits have risen from 10 Crores to 49 Crores in the same period. NPM has stayed strong and moved up from 30% to 35% over 5 years. Buy and hold for long term gains.

[DavidJ]

Seems like a good offer to me but I've heard that the real estate business is in recession and it will boom again after spring 2012 so people should invest after that.Is it right???

[rmani84]

Seems like a good offer to me but I've heard that the real estate business is in recession and it will boom again after spring 2012 so people should invest after that.Is it right???

David, Its a little different in India. Population out-scales real estate space. Yes, big realty companies have saturated. Growth prospects still there on very few smaller players with minimal liability.

Cheers!