Aadhar Housing Finance Ltd
Aadhar Housing Finance Ltd is one of the largest low-income housing finance companies in India servicing the home financing needs of the low income sections of the society. [1]
- Market Cap ₹ 19,164 Cr.
- Current Price ₹ 444
- High / Low ₹ 517 / 314
- Stock P/E 21.0
- Book Value ₹ 148
- Dividend Yield 0.00 %
- ROCE 11.4 %
- ROE 16.9 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 36.6% CAGR over last 5 years
Cons
- Stock is trading at 3.01 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoters have pledged 67.4% of their holding.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Financial Services Financial Services Finance Housing Finance Company
Part of BSE 500 Nifty 500 BSE SmallCap Nifty Smallcap 100 BSE Allcap
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 1,240 | 1,372 | 1,550 | 1,693 | 1,994 | 2,524 | 3,107 | |
| Interest | 731 | 793 | 816 | 761 | 799 | 987 | 1,174 |
| 254 | 334 | 290 | 351 | 458 | 556 | 736 | |
| Financing Profit | 255 | 244 | 444 | 580 | 737 | 980 | 1,198 |
| Financing Margin % | 21% | 18% | 29% | 34% | 37% | 39% | 39% |
| -14 | -2 | -0 | -0 | -25 | -0 | 1 | |
| Depreciation | 5 | 12 | 11 | 13 | 16 | 21 | 25 |
| Profit before tax | 235 | 231 | 432 | 567 | 696 | 959 | 1,174 |
| Tax % | 31% | 18% | 21% | 22% | 22% | 22% | 22% |
| 162 | 189 | 340 | 445 | 545 | 749 | 912 | |
| EPS in Rs | 64.51 | 47.99 | 8.61 | 11.26 | 13.80 | 18.96 | 21.14 |
| Dividend Payout % | 11% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | 22% |
| TTM: | 23% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 37% |
| 3 Years: | 27% |
| TTM: | 22% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 29% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 17% |
| Last Year: | 17% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 25 | 39 | 395 | 395 | 395 | 395 | 431 |
| Reserves | 835 | 2,308 | 2,298 | 2,751 | 3,301 | 4,051 | 5,937 |
| Borrowing | 8,195 | 9,643 | 10,374 | 10,675 | 12,153 | 13,960 | 16,322 |
| 406 | 375 | 561 | 552 | 764 | 680 | 526 | |
| Total Liabilities | 9,461 | 12,365 | 13,628 | 14,372 | 16,613 | 19,086 | 23,216 |
| 24 | 44 | 53 | 55 | 63 | 80 | 92 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 149 | 24 | 497 | 338 | 458 | 458 | 509 |
| 9,288 | 12,297 | 13,077 | 13,979 | 16,092 | 18,548 | 22,616 | |
| Total Assets | 9,461 | 12,365 | 13,628 | 14,372 | 16,613 | 19,086 | 23,216 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| -2,558 | -1,784 | -907 | -1,157 | -2,553 | -3,026 | ||
| -48 | -1,496 | 823 | -475 | 726 | 159 | ||
| 3,360 | 3,701 | 275 | 1,463 | 1,778 | 3,389 | ||
| Net Cash Flow | 754 | 422 | 191 | -169 | -49 | 523 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| ROE % | 12% | 14% | 15% | 16% | 18% | 17% |
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
29 May - Annual Secretarial Compliance Report FY25 with minor fines, confirming overall SEBI regulation adherence.
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
21 May - Of allotment of equity shares pursuant to exercise of ESOP
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
12 May - Transcript of the earnings conference call for the financial year ended March 31, 2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
8 May - Newspaper publication of the Financial Results for the quarter and year ended 31st March, 2025
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
7 May - Scheduled analyst/investor meetings in May 2025 at Mumbai locations; refers to prior investor presentation.
Concalls
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT REC
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Jun 2024Transcript PPT
Focus on Low-Income Financing[1]
Aadhar Housing Finance is a housing finance company (HFC) focused on the low-income housing segment with a ticket size of < Rs 15 lakh. The average ticket size of loans was Rs 10 lakh, with an average loan-to-value of 58.3% end of December 2023.