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 ₹ 16,878 Cr.
- Current Price ₹ 392
- High / Low ₹ 517 / 292
- Stock P/E 20.2
- Book Value ₹ 137
- Dividend Yield 0.00 %
- ROCE 11.4 %
- ROE 18.4 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 34.3% CAGR over last 5 years
Cons
- Stock is trading at 2.81 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company might be capitalizing the interest cost
* 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 250 SmallCap Index Nifty MidSmallcap 400 Nifty 500 Nifty Total Market BSE 400 MidSmallCap 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 | TTM | |
|---|---|---|---|---|---|---|---|
| Revenue | 1,266 | 1,388 | 1,575 | 1,728 | 2,043 | 2,587 | 2,842 |
| Interest | 732 | 793 | 816 | 761 | 799 | 987 | 1,075 |
| 276 | 350 | 316 | 387 | 507 | 619 | 675 | |
| Financing Profit | 258 | 245 | 444 | 580 | 737 | 981 | 1,092 |
| Financing Margin % | 20% | 18% | 28% | 34% | 36% | 38% | 38% |
| -14 | -2 | -0 | 0 | -25 | -0 | 0 | |
| Depreciation | 9 | 12 | 11 | 13 | 16 | 21 | 24 |
| Profit before tax | 235 | 231 | 433 | 567 | 696 | 960 | 1,069 |
| Tax % | 31% | 18% | 21% | 22% | 22% | 22% | |
| 162 | 189 | 340 | 445 | 545 | 750 | 834 | |
| EPS in Rs | 64.37 | 47.99 | 8.62 | 11.27 | 13.80 | 18.99 | 20.26 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 18% |
| TTM: | 27% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 34% |
| 3 Years: | 30% |
| TTM: | 33% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 17% |
| Last Year: | 18% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 25 | 39 | 395 | 395 | 395 | 395 | 430 |
| Reserves | 834 | 2,308 | 2,298 | 2,752 | 3,303 | 4,055 | 5,442 |
| 8,195 | 9,643 | 10,374 | 10,675 | 12,153 | 13,960 | 14,609 | |
| 426 | 376 | 563 | 554 | 766 | 683 | 601 | |
| Total Liabilities | 9,480 | 12,366 | 13,630 | 14,376 | 16,618 | 19,093 | 21,082 |
| 42 | 44 | 53 | 55 | 63 | 80 | 85 | |
| 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 | 20,484 | |
| Total Assets | 9,480 | 12,366 | 13,630 | 14,376 | 16,618 | 19,093 | 21,082 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| -2,554 | -1,785 | -1,780 | -907 | -1,156 | -2,429 | |
| -49 | -1,495 | -480 | 823 | -477 | 602 | |
| 3,356 | 3,701 | 1,279 | 275 | 1,463 | 1,778 | |
| Net Cash Flow | 754 | 422 | -981 | 191 | -169 | -49 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| ROE % | 12% | 14% | 15% | 16% | 18% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
17 Jan - Advance intimation of the Schedule of analysts/ investor call to discuss the Financial Results of the Company for the Quarter ended December, 2024
-
Board Meeting Intimation for To Consider And Approve The Standalone And Consolidated Unaudited Financial Results For The Quarter And Nine Months Ended 31St December, 2024 And To Revalidate The Limit For Issuance Of Non-Convertible Debentures (NCD) On Private Placement Basis.
17 Jan - Upcoming board meeting to approve financial results and NCD issuance.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
3 Jan - Submission of SEBI compliance certificate for Q4 2024.
- Closure of Trading Window 23 Dec 2024
-
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
4 Dec 2024 - Allotment of 5,58,504 equity shares under ESOPs.
Concalls
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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 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.