Ansal Housing Ltd-$ financials and balance sheet

BSE: 507828RealtySmall Cap

Formerly Ansal Housing and Construction

₹4.29₹0.14 (3.16%)

Share price at the BSE close on 23 Oct 2026. Previous close ₹4.43.

52-week range of traded prices to 23 Oct 2026

₹4.26Low, 23 Oct 2026₹10.79High, 26 Dec 2025

Market cap: ₹30 Cr3,364th largest listed
P/E: Lossover the last 12 months
P/B: 0.3
Dividend yield: Nonein the last 12 months
ROE: −33.7%
ROE without one-offs: −25.9%
ROCE: −4.1%
Debt to equity: 2.94
Volume, BSE: 20,562

10 years at a glance

Consolidated: the company and its subsidiaries together. ₹ crore, years to March.Ansal Housing Ltd-$ annual reports

Revenue, net profit and borrowings, ₹ crore

Revenue
Net profit
Borrowings
Loss

Peak revenue ₹465 Cr, year to Mar 2024A loss in the year to Mar 2026, −₹37 Cr

Operating and net margin, per cent

Operating margin
Net margin

Results for the year to Mar 2026

Consolidated: the company and its subsidiaries together. ₹ crore.

From revenue to net profit

Revenue341
Materials and goods−267
Employee costs−20
Other expenses−58
Operating profit−3.3
Depreciation−1.0
Other income+7.2
One-off items−12
Finance costs−26
Profit before tax−35
Tax−2.3
Net profit−37

What the company owns

Inventory₹850 Cr
Plant, investments and other assets₹285 Cr
Receivables₹153 Cr
Cash and bank₹21 Cr

What pays for it: net worth and liabilities

Other liabilities₹742 Cr
Borrowings₹293 Cr
Owed to suppliers₹174 Cr
Net worth₹100 Cr

Profit and loss

Consolidated, ₹ crore, years to March.Ansal Housing Ltd-$ quarterly results

₹ crore	Mar 2017	Mar 2018	Mar 2019Filed 8 Jun	Mar 2020Filed 4 Aug	Mar 2021Filed 28 Jul	Mar 2022Filed 8 Jun	Mar 2023Filed 30 May	Mar 2024Filed 3 Aug	Mar 2025Filed 13 Jun	Mar 2026Filed 29 May
Revenue from operations	315	249	195	164	171	239	250	465	445	341
	263	219	160	227	169	211	221	396	426	345
Materials and goods bought	184	136	87	151	109	157	158	324	349	267
Employee costs	–	23	21	19	13	13	16	15	17	20
Other expenses	–	60	52	56	46	41	47	57	60	58
Operating profit before depreciation	52	30	35	−63	2	29	30	69	18	−3
Operating margin	16.5%	12.2%	18.0%	−38.3%	1.1%	11.9%	11.8%	14.8%	4.1%	−1.0%
Materials, % of revenue	–	54.5%	44.5%	92.3%	64.1%	65.5%	63.1%	69.6%	78.4%	78.1%
Employee costs, % of revenue	–	9.2%	10.9%	11.7%	7.9%	5.3%	6.3%	3.3%	3.9%	5.8%
Other expenses, % of revenue	–	24.1%	26.6%	34.4%	27.0%	17.3%	18.8%	12.3%	13.6%	17.1%
Depreciation and amortisation	2	2	2	2	1	2	2	2	2	1
Operating profit after depreciation	50	29	33	−65	1	27	28	67	17	−4
Other income	18	26	31	57	4	10	10	4	19	7
Finance costs	71	82	78	68	68	72	66	67	31	26
Profit before one-off items and tax	−3	−27	−13	−75	−63	−35	−28	5	5	−23
One-off items	0	0	0	0	0	0	−56	5	60	−12
Profit before tax	−3	−27	−13	−75	−63	−35	−84	10	66	−35
	−1	−8	−10	−17	−21	−12	−23	2	47	2
Current tax	–	–	2	2	1	0	0	1	1	0
Deferred tax	–	–	−12	−18	−22	−12	−23	2	47	2
Net profit	−3	−19	−4	−58	−42	−23	−61	8	18	−37
Other comprehensive income	–	–	0	0	0	0	0	−1	0	−2
Total comprehensive income	–	–	−4	−58	−42	−23	−61	7	18	−39
Net margin	−0.8%	−7.7%	−2.0%	−35.3%	−24.8%	−9.7%	−24.5%	1.7%	4.1%	−10.9%

Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the year to Mar 2017 they do not, so they are left blank.

Balance sheet

Consolidated, ₹ crore, at 31 March.

₹ crore	Mar 2019Filed 8 Jun	Mar 2020Filed 4 Aug	Mar 2021Filed 28 Jul	Mar 2022Filed 8 Jun	Mar 2023Filed 30 May	Mar 2024Filed 3 Aug	Mar 2025Filed 13 Jun	Mar 2026Filed 29 May
	288	231	189	165	114	121	139	100
Share capital	59	59	59	59	70	70	70	70
Reserves	229	171	129	106	45	52	69	30
	194	368	249	583	448	447	351	293
Repayable after a year	115	291	191	111	117	112	88	52
Repayable within a year	80	77	57	472	331	335	263	242
	1,984	1,838	1,982	2,059	1,802	1,560	1,269	1,105
Trade payables	266	240	255	253	205	178	184	174
Other financial liabilities	570	379	545	247	211	237	152	148
Other liabilities	1,065	1,137	1,121	1,084	1,052	795	626	495
Provisions	2	2	3	3	3	14	45	48
Tax owed	1	2	0	0	0	0	0	0
	149	325	228	152	168	177	136	103
Other financial liabilities	32	32	35	40	–	63	45	49
Other liabilities	0	0	0	0	0	0	0	–
Provisions	2	2	2	2	2	2	2	3
Trade payables	–	–	–	–	50	–	–	–
	2,422	2,394	2,399	2,376	2,085	1,858	1,544	1,308
Held for sale or for a demerger	–	0	1	0	0	–	–	–
	91	108	128	153	161	147	99	91
Plant in use, after depreciation	41	33	27	23	18	14	11	9
Intangible assets	9	9	9	9	4	4	4	4
Property held to earn rent	–	–	–	1	–	1	1	1
Investments	1	1	1	0	1	0	0	0
Loans given	0	0	0	0	0	0	0	0
Other financial assets	0	0	2	2	4	9	10	11
Deferred tax	29	47	69	82	105	105	59	56
Other assets	12	19	19	36	29	12	14	10
	2,330	2,285	2,270	2,224	1,925	1,711	1,445	1,217
Inventories	2,001	0	1,893	1,867	1,537	1,320	1,053	850
Trade receivables	89	108	113	119	146	151	168	153
Cash and cash equivalents	5	6	31	11	3	14	10	9
Other bank balances	12	12	7	8	10	9	8	12
Current investments	0	1,925	0	0	0	0	0	0
Loans given	43	58	58	58	58	58	58	58
Other financial assets	55	54	55	55	64	48	57	56
Other assets	124	123	113	105	106	111	91	80
Net debt	177	−1,575	211	564	435	423	333	272

Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Cash flow

Consolidated, ₹ crore, years to March.

₹ crore	Mar 2021Filed 28 Jul	Mar 2022Filed 8 Jun	Mar 2023Filed 30 May	Mar 2024Filed 3 Aug	Mar 2025Filed 13 Jun	Mar 2026Filed 29 May
	57	7	127	66	133	90
	59	10	130	73	226	81
	55	−22	97	−4	129	79
Receivables	−5	−6	−27	−4	−17	15
Inventories	51	42	153	230	279	204
Payables	15	−7	−10	−30	2	−15
Other working capital	−5	−51	−19	−200	−135	−125
Tax paid	−3	−3	−2	−1	−2	5
Capital spending	0	1	0	0	0	0
Free cash flow	56	6	127	65	132	90
	7	6	6	1	2	−4
Plant and property sold	3	7	7	1	0	1
Interest received	1	1	1	1	1	1
	−39	−33	−141	−56	−138	−88
Borrowings raised	8	4	0	5	−97	−63
Borrowings repaid	−20	−16	−65	−7	−6	−2
Interest paid	−27	−20	−72	−54	−35	−23
Dividends paid	0	0	0	0	0	0
Shares bought back	0	0	0	0	0	0
Shares issued	0	0	0	0	0	0
Net change in cash	25	−20	−8	11	−4	−2

Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2017, Mar 2018, Mar 2019 and Mar 2020.

Consolidated, ₹ per share, years to March.Ansal Housing Ltd-$ dividend history

₹ per share	Mar 2017	Mar 2018	Mar 2019Filed 8 Jun	Mar 2020Filed 4 Aug	Mar 2021Filed 28 Jul	Mar 2022Filed 8 Jun	Mar 2023Filed 30 May	Mar 2024Filed 3 Aug	Mar 2025Filed 13 Jun	Mar 2026Filed 29 May
Earnings per share	−₹0.43	−₹3.14	–	−₹9.75	−₹7.12	−₹3.93	−₹10.29	₹1.14	₹2.60	−₹5.37
Diluted earnings per share	−₹0.43	−₹3.14	–	−₹9.75	−₹7.12	−₹3.93	−₹10.29	₹1.14	₹2.60	−₹5.37
Book value per share	–	–	₹48.56	₹38.86	₹31.76	₹27.87	₹16.43	₹17.42	₹19.98	₹14.32
Shareholder yield	–	–	–	–	0.4%	0.3%	0.8%	0.1%	0.0%	0.0%
Market cap at the year end (₹ crore)	145	117	72	17	31	41	19	93	74	37

Earnings per share is left blank for the year to Mar 2019: the earnings per share stated does not match any profit the filing states over the shares in issue, and the share count barely moved during the period.

Ratios

Consolidated, years to March.Ansal Housing Ltd-$ PE ratio and valuation

Ratio	Mar 2017	Mar 2018	Mar 2019Filed 8 Jun	Mar 2020Filed 4 Aug	Mar 2021Filed 28 Jul	Mar 2022Filed 8 Jun	Mar 2023Filed 30 May	Mar 2024Filed 3 Aug	Mar 2025Filed 13 Jun	Mar 2026Filed 29 May
Revenue growth	−35.1%	−21.0%	−21.8%	−15.9%	4.1%	40.4%	4.5%	85.8%	−4.4%	−23.2%
Operating profit growth	−28.3%	−41.4%	15.2%	–	–	1,440.1%	3.4%	132.8%	−73.3%	–
Net profit growth	–	–	–	–	–	–	–	–	128.1%	–
Earnings per share growth	–	–	–	–	–	–	–	–	128.1%	–
	–	–	−1.4%	−22.3%	−20.2%	−13.2%	−43.8%	6.7%	13.9%	−31.3%
	–	–	–	−20.9 pts	2.1 pts	7.0 pts	−30.7 pts	50.6 pts	7.2 pts	−45.2 pts
From the net margin	–	–	–	−22.5 pts	6.7 pts	12.2 pts	−20.0 pts	46.9 pts	9.3 pts	−51.3 pts
From asset turnover	–	–	–	3.7 pts	−0.7 pts	−3.2 pts	−3.9 pts	3.4 pts	1.7 pts	3.1 pts
From borrowing	–	–	–	−2.1 pts	−3.8 pts	−2.0 pts	−6.7 pts	0.3 pts	−3.9 pts	2.9 pts
Return on capital employed	–	–	6.9%	−10.8%	0.1%	3.6%	4.9%	11.8%	3.4%	−1.1%
Cash conversion	–	–	–	–	–	–	–	826.8%	733.5%	–
Interest cover	0.7	0.4	0.4	–	0.0	0.4	0.4	1.0	0.5	–
Debt to equity	–	–	0.67	1.60	1.32	3.52	3.91	3.68	2.53	2.94
Receivable days	–	–	167	240	242	182	213	118	138	163
Inventory days	–	–	8,432	0	6,323	4,345	3,550	1,488	1,103	1,164
Payable days	–	–	1,120	579	852	588	473	201	192	238
Cash conversion cycle, days	–	–	7,479	−339	5,713	3,939	3,290	1,406	1,048	1,089
Working capital days	–	–	765	−3,159	658	942	642	364	345	355
Asset turnover	–	–	0.08	0.07	0.07	0.10	0.11	0.24	0.26	0.24
Assets per rupee of net worth	–	–	8.40	9.28	11.43	13.49	15.94	16.73	13.06	11.94
Sales per rupee of plant	–	–	4.81	5.04	6.23	10.55	14.19	32.23	38.95	39.17
Capital spending to depreciation	–	–	–	–	0.17	0.62	0.12	0.17	0.27	0.25
Plant being built, % of plant in use	–	–	–	–	–	0.0%	–	0.0%	0.0%	0.0%

Interest cover is left blank for the years to Mar 2020 and Mar 2026: operating profit after depreciation is a loss, and a loss covers no interest bill. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Consolidated: the company and its subsidiaries together. Each window ends with the year to Mar 2026.

Return on assets, latest year: −2.6%

Measure	10 years	5 years	3 years
Revenue growth, yearly rate	−3.5%	14.9%	10.9%
Return on equity, average	–	−13.5%	−3.6%
Return on capital employed, average	–	4.5%	4.7%
Operating margin, average	5.1%	8.3%	6.0%
Net margin, average	−11.0%	−7.9%	−1.7%
Asset turnover, average	–	0.19	0.25
Cash conversion cycle, days, average	–	2,154	1,181
Interest cover, average	–	0.6	0.8
Debt to equity, average	–	3.32	3.05

Where the cash came from and went

Consolidated: the company and its subsidiaries together. ₹ crore, added up over each window, which ends with the year to Mar 2026.

₹ crore	5 years	3 years	Latest year
Cash from operations	423	289	90
Cash from investing	12	0	−4
Cash from financing	−456	−282	−88
Capital spending	2	1	0
Dividends paid	0	0	0
Shares bought back	0	0	0
Shares issued for cash	0	0	0
Borrowings repaid	96	16	2

Accounting checks

Consolidated, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

Check	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Piotroski score, out of 9Published threshold 3 points out of 9	–	–	7	6	4	7	8	5
Altman Z-scorePublished threshold 1.1	1.57	1.55	1.07	0.78	0.46	0.98	1.42	0.68
Beneish M-scorePublished threshold −1.78	–	–	−2.86	−2.30	−2.68	−2.09	−2.61	−2.98
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets	–	–	−4.43	−1.53	−8.72	−3.00	−6.84	−8.69
Receivables growth less revenue growthOur threshold 0 percentage points	–	36.51	1.02	−35.00	17.82	−82.70	15.88	14.08
Inventory growth less cost-of-goods growthOur threshold 0 percentage points	–	−174.60	–	−44.91	−18.42	−118.96	−27.92	4.24
Other current assets growth less revenue growthOur threshold 5 per cent of revenue	–	−1.60	−5.26	−3.15	4.25	−2.40	−2.66	−3.51
Effective tax ratePublished threshold 17.16 per cent	–	–	–	–	–	20.98	72.40	–
Tax charged less tax paid, % of profitOur threshold 10 percentage points	–	–	–	–	–	14.09	69.05	–

A threshold marked as ours has no published figure; it is the line we read the check against.

Credit ratings

An agency's view of the chance the company repays a borrowing on time, from AAA, the highest, down to D, in default.

Date	Agency	Borrowing rated	Rating	Outlook	Amount, ₹ Cr
12 Jan 2026	India Ratings and Research Private Limited (opens in a new tab)	Fixed depositLong-term scale	IND D(NCO)Maintained in non-cooperating category		140
12 Jan 2026	India Ratings and Research Private Limited (opens in a new tab)	Bank loan facilitiesLong and short-term scales	IND D(NCO)Maintained in non-cooperating category		146.63

The latest rating on each borrowing. The agency's name opens its reasoning for the rating.