AAVAS Financiers Ltd

AAVAS Financiers Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

AAVAS Financiers Ltd

₹ 1,664 -0.85%
13 Dec - close price
aavas.in BSE: 541988 NSE: AAVAS
About

Incorporated in 2011, Aavas Financiers Ltd provides housing loans & advances[1]

Key Points

Business Overview
Aavas is a retail, affordable housing finance company, primarily serving low and middle-income self-employed customers in semi-urban and rural India. The company’s product offering consists of home loans for the purchase or construction of residential properties and the extension and repair of existing housing units, Loans against property, and MSME loans. [1]

Website BSE NSE
  • Market Cap ₹ 13,168 Cr.
  • Current Price ₹ 1,664
  • High / Low ₹ 1,979 / 1,307
  • Stock P/E 24.7
  • Book Value ₹ 512
  • Dividend Yield 0.00 %
  • ROCE 9.91 %
  • ROE 13.9 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 22.8% CAGR over last 5 years
  • Company's working capital requirements have reduced from 29.6 days to 21.8 days

Cons

  • Stock is trading at 3.25 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 13.9% over last 3 years.
  • Company might be capitalizing the interest cost
  • Promoter holding has decreased over last 3 years: -12.8%

* 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 Nifty Smallcap 100 BSE Allcap BSE 250 SmallCap Index BSE 400 MidSmallCap Index Nifty Total Market

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Revenue 325 343 365 353 395 411 450 467 497 508 546 542 579
Interest 116 125 124 135 141 150 165 187 204 217 222 235 249
85 97 88 97 109 117 118 132 130 134 139 138 133
Financing Profit 123 121 153 121 144 144 167 148 163 157 186 169 198
Financing Margin % 38% 35% 42% 34% 37% 35% 37% 32% 33% 31% 34% 31% 34%
1 0 0 0 0 1 1 0 1 1 1 0 1
Depreciation 6 6 7 6 7 7 9 7 8 9 9 9 9
Profit before tax 118 116 146 115 138 138 159 141 157 150 177 161 190
Tax % 22% 23% 21% 22% 22% 22% 20% 22% 22% 22% 20% 22% 22%
92 89 116 89 107 107 127 110 122 117 143 126 148
EPS in Rs 11.67 11.29 14.65 11.30 13.52 13.57 16.04 13.87 15.38 14.74 18.02 15.93 18.69
Gross NPA % 1.72% 0.99% 1.08% 1.10% 1.13% 0.92% 1.00% 1.04% 1.09% 0.94% 1.01% 1.08%
Net NPA % 1.33% 0.77% 0.84% 0.84% 0.87% 0.68% 0.73% 0.76% 0.79% 0.67% 0.72% 0.78%
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Revenue 18 54 104 191 305 494 710 902 1,103 1,304 1,608 2,018 2,176
Interest 7 30 53 97 143 193 255 356 458 478 591 828 922
8 14 21 43 72 161 188 225 273 349 441 535 543
Financing Profit 3 10 30 51 90 139 266 321 372 477 576 654 710
Financing Margin % 16% 18% 29% 27% 29% 28% 38% 36% 34% 37% 36% 32% 33%
0 0 0 0 0 1 1 1 2 1 2 3 3
Depreciation 0 0 1 1 3 6 10 20 21 24 29 33 35
Profit before tax 3 9 29 50 88 134 258 302 353 455 549 624 678
Tax % 31% 33% 34% 34% 35% 31% 32% 18% 18% 22% 22% 21%
2 6 19 33 57 93 176 249 290 357 430 491 533
EPS in Rs 0.69 2.12 5.80 8.54 9.82 13.46 22.52 31.81 36.88 45.20 54.41 62.00 67.38
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 44%
5 Years: 23%
3 Years: 22%
TTM: 19%
Compounded Profit Growth
10 Years: 54%
5 Years: 23%
3 Years: 19%
TTM: 15%
Stock Price CAGR
10 Years: %
5 Years: -3%
3 Years: -13%
1 Year: 8%
Return on Equity
10 Years: 13%
5 Years: 14%
3 Years: 14%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 27 30 33 38 58 69 78 78 78 79 79 79 79
Reserves 2 26 69 165 508 1,121 1,759 2,020 2,323 2,730 3,191 3,694 3,969
151 354 704 1,447 1,793 2,755 3,653 5,382 6,378 8,012 9,887 12,398 12,479
7 8 47 60 91 95 137 177 181 200 254 348 357
Total Liabilities 187 418 852 1,711 2,451 4,040 5,627 7,657 8,960 11,020 13,411 16,519 16,885
2 5 5 6 10 18 23 60 58 66 78 116 142
CWIP 0 0 0 0 0 0 0 1 0 2 20 11 0
Investments 0 0 0 0 1 4 4 4 4 68 123 182 208
185 412 847 1,705 2,440 4,017 5,599 7,592 8,897 10,885 13,189 16,210 16,536
Total Assets 187 418 852 1,711 2,451 4,040 5,627 7,657 8,960 11,020 13,411 16,519 16,885

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-172 -591 -591 -933 -1,276 -1,172 -1,071 -1,136 -1,920 -1,987
-0 -1 -15 -218 -327 -342 -265 -467 196 -647
151 816 640 1,240 1,404 1,705 1,008 1,623 1,858 2,477
Net Cash Flow -22 224 34 90 -199 191 -328 20 134 -156

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
ROE % 7% 15% 24% 21% 15% 11% 12% 13% 13% 14% 14% 14%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
39.21% 39.20% 39.19% 39.16% 39.15% 39.14% 39.13% 39.11% 39.10% 26.47% 26.47% 26.47%
40.05% 39.91% 39.03% 37.67% 37.91% 38.83% 35.01% 35.49% 32.32% 34.80% 35.88% 35.50%
9.99% 9.89% 10.21% 11.01% 10.91% 12.49% 14.34% 14.13% 15.29% 23.99% 24.39% 25.55%
10.75% 11.00% 11.57% 12.16% 12.03% 9.53% 11.51% 11.24% 13.29% 14.76% 13.26% 12.49%
No. of Shareholders 42,77750,24854,26158,40962,63160,38894,7881,07,7181,32,6441,51,6801,44,3951,44,452

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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