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 ₹ 20,716 Cr.
- Current Price ₹ 475
- High / Low ₹ 548 / 411
- Stock P/E 18.7
- Book Value ₹ 173
- Dividend Yield 0.00 %
- ROCE 11.4 %
- ROE 15.9 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 26.6% CAGR over last 5 years
Cons
- Stock is trading at 2.75 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -10.3%
* 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.
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 1,240 | 1,372 | 1,550 | 1,693 | 1,994 | 2,587 | 3,107 | 3,672 | |
| Interest | 731 | 793 | 816 | 761 | 799 | 987 | 1,174 | 1,364 |
| 254 | 333 | 290 | 351 | 458 | 619 | 736 | 868 | |
| Financing Profit | 255 | 245 | 444 | 580 | 737 | 980 | 1,198 | 1,439 |
| Financing Margin % | 21% | 18% | 29% | 34% | 37% | 38% | 39% | 39% |
| -14 | -2 | -0 | -0 | -25 | -0 | 1 | -2 | |
| Depreciation | 5 | 12 | 11 | 13 | 16 | 21 | 25 | 32 |
| Profit before tax | 235 | 231 | 432 | 567 | 696 | 959 | 1,174 | 1,406 |
| Tax % | 31% | 18% | 21% | 22% | 22% | 22% | 22% | 22% |
| 162 | 189 | 340 | 445 | 545 | 749 | 912 | 1,095 | |
| EPS in Rs | 64.51 | 47.99 | 8.61 | 11.26 | 13.80 | 18.96 | 21.14 | 25.14 |
| Dividend Payout % | 11% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 23% |
| TTM: | 18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 27% |
| 3 Years: | 25% |
| TTM: | 21% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 7% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 17% |
| Last Year: | 16% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 25 | 39 | 395 | 395 | 395 | 395 | 431 | 436 |
| Reserves | 835 | 2,308 | 2,298 | 2,751 | 3,301 | 4,051 | 5,937 | 7,099 |
| Borrowing | 8,195 | 9,643 | 10,374 | 10,675 | 12,153 | 13,960 | 16,322 | 18,744 |
| 406 | 375 | 561 | 552 | 764 | 680 | 526 | 1,112 | |
| Total Liabilities | 9,461 | 12,365 | 13,628 | 14,372 | 16,613 | 19,086 | 23,216 | 27,390 |
| 24 | 44 | 53 | 55 | 63 | 80 | 92 | 138 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 149 | 24 | 497 | 338 | 458 | 458 | 509 | 631 |
| 9,288 | 12,297 | 13,077 | 13,979 | 16,092 | 18,548 | 22,616 | 26,621 | |
| Total Assets | 9,461 | 12,365 | 13,628 | 14,372 | 16,613 | 19,086 | 23,216 | 27,390 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| -2,558 | -1,784 | -1,781 | -907 | -1,157 | -2,553 | -3,026 | -2,810 | |
| -48 | -1,496 | -481 | 823 | -475 | 726 | 159 | 310 | |
| 3,360 | 3,701 | 1,279 | 275 | 1,463 | 1,778 | 3,389 | 2,336 | |
| Net Cash Flow | 754 | 422 | -982 | 191 | -169 | -49 | 523 | -164 |
| Free Cash Flow | -2,566 | -1,788 | -1,786 | -918 | -1,167 | -2,568 | -3,041 | -2,828 |
| CFO/OP | -252% | -165% | -133% | -59% | -66% | -119% | -117% | -89% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| ROE % | 20% | 12% | 14% | 15% | 16% | 18% | 17% | 16% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets Under Management (AUM) INR Million |
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| Disbursements INR Million |
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| Number of Branches Absolute Number |
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| Average Ticket Size (ATS) INR Million |
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| Gross NPA Percentage (%) |
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| Yield (Exit) Percentage (%) |
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| Collection Efficiency Percentage (%) |
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Extracted by Screener AI
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 19 May
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
11 May - Transcript of the Earnings Conference Call for the Financial Year ended March 31, 2026
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Disclosure Of ESG Rating
7 May - NSE Sustainability assigned Aadhar Housing Finance ESG rating of 33 for FY 2024-25.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
7 May - Newspaper Publication of Financial Results for the Quarter and financial year ended 31st March, 2026
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
5 May - Audio recording of FY26 earnings conference call available on company website.
Concalls
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May 2026Transcript PPT REC
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT REC
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Jul 2025Transcript PPT
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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.