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 ₹ 19,912 Cr.
- Current Price ₹ 461
- High / Low ₹ 517 / 292
- Stock P/E 21.8
- Book Value ₹ 148
- Dividend Yield 0.00 %
- ROCE 11.4 %
- ROE 16.8 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 36.6% CAGR over last 5 years
Cons
- Stock is trading at 3.12 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- 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
Sector: Finance Industry: Finance - Housing
Part of BSE IPO Nifty Smallcap 100 BSE 400 MidSmallCap Index Nifty 500 Multicap 50:25:25 BSE 250 SmallCap Index
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 1,266 | 1,388 | 1,575 | 1,728 | 2,043 | 2,587 | 3,108 | |
| Interest | 732 | 793 | 816 | 761 | 799 | 987 | 1,174 |
| 276 | 350 | 316 | 387 | 507 | 619 | 737 | |
| Financing Profit | 258 | 245 | 444 | 580 | 737 | 981 | 1,197 |
| Financing Margin % | 20% | 18% | 28% | 34% | 36% | 38% | 39% |
| -14 | -2 | -0 | 0 | -25 | -0 | 1 | |
| Depreciation | 9 | 12 | 11 | 13 | 16 | 21 | 25 |
| Profit before tax | 235 | 231 | 433 | 567 | 696 | 960 | 1,173 |
| Tax % | 31% | 18% | 21% | 22% | 22% | 22% | 22% |
| 162 | 189 | 340 | 445 | 545 | 750 | 912 | |
| EPS in Rs | 64.37 | 47.99 | 8.62 | 11.27 | 13.80 | 18.99 | 21.14 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | 22% |
| TTM: | 20% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 37% |
| 3 Years: | 27% |
| TTM: | 22% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 17% |
| Last Year: | 17% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 25 | 39 | 395 | 395 | 395 | 395 | 431 |
| Reserves | 834 | 2,308 | 2,298 | 2,752 | 3,303 | 4,055 | 5,941 |
| Borrowing | 8,195 | 9,643 | 10,374 | 10,675 | 12,153 | 13,960 | 16,322 |
| 426 | 376 | 563 | 554 | 766 | 683 | 529 | |
| Total Liabilities | 9,480 | 12,366 | 13,630 | 14,376 | 16,618 | 19,093 | 23,224 |
| 42 | 44 | 53 | 55 | 63 | 80 | 92 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 150 | 24 | 497 | 338 | 459 | 462 | 513 |
| 9,289 | 12,298 | 13,080 | 13,982 | 16,095 | 18,551 | 22,619 | |
| Total Assets | 9,480 | 12,366 | 13,630 | 14,376 | 16,618 | 19,093 | 23,224 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| -2,554 | -1,785 | -1,780 | -907 | -1,156 | -2,429 | -3,027 | |
| -49 | -1,495 | -480 | 823 | -477 | 602 | 160 | |
| 3,356 | 3,701 | 1,279 | 275 | 1,463 | 1,778 | 3,389 | |
| Net Cash Flow | 754 | 422 | -981 | 191 | -169 | -49 | 522 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
24h - 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.
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Announcement under Regulation 30 (LODR)-Change in Management
6 May - Appointment of Mr. Raj Vikash Verma as Additional Independent Director, subject to member approval.
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Announcement under Regulation 30 (LODR)-Change in Management
6 May - Appointment of M/s. Aashish K. Bhatt & Associates as Secretarial Auditor for FY 2025-26 to 2029-30.
Concalls
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May 2025Transcript PPT
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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.