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 ₹ 18,769 Cr.
- Current Price ₹ 440
- High / Low ₹ 445 / 292
- Stock P/E 24.9
- Book Value ₹
- 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
- 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
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 | |
|---|---|---|---|---|---|---|
| 1,266 | 1,388 | 1,575 | 1,728 | 2,043 | 2,587 | |
| 276 | 350 | 316 | 387 | 507 | 620 | |
| Operating Profit | 990 | 1,038 | 1,260 | 1,342 | 1,536 | 1,967 |
| OPM % | 78% | 75% | 80% | 78% | 75% | 76% |
| -14 | -2 | -0 | 0 | -25 | 0 | |
| Interest | 732 | 793 | 816 | 761 | 799 | 987 |
| Depreciation | 9 | 12 | 11 | 13 | 16 | 21 |
| Profit before tax | 235 | 231 | 433 | 567 | 696 | 960 |
| Tax % | 31% | 18% | 21% | 22% | 22% | 22% |
| 162 | 189 | 340 | 445 | 545 | 750 | |
| EPS in Rs | 64.37 | 47.99 | 8.62 | 11.27 | 13.80 | 18.99 |
| 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 | |
|---|---|---|---|---|---|---|
| Equity Capital | 25 | 39 | 395 | 395 | 395 | 395 |
| Reserves | 834 | 2,308 | 2,298 | 2,752 | 3,303 | 4,055 |
| 8,195 | 9,643 | 10,374 | 10,675 | 12,153 | 13,960 | |
| 426 | 376 | 563 | 554 | 766 | 684 | |
| Total Liabilities | 9,480 | 12,366 | 13,630 | 14,376 | 16,618 | 19,093 |
| 42 | 44 | 53 | 55 | 63 | 80 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 150 | 24 | 497 | 338 | 459 | 462 |
| 9,289 | 12,298 | 13,080 | 13,982 | 16,095 | 18,551 | |
| Total Assets | 9,480 | 12,366 | 13,630 | 14,376 | 16,618 | 19,093 |
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 | |
|---|---|---|---|---|---|---|
| Debtor Days | 1 | 1 | 1 | 1 | 1 | 0 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 1 | 1 | 1 | 1 | 1 | 0 |
| Working Capital Days | -54 | -29 | -58 | -48 | -77 | -51 |
| ROCE % | 10% | 10% | 10% | 10% |
Documents
Announcements
- Closure of Trading Window 28 Jun
-
Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
27 Jun - For appointment of Statutory auditors subject to approval of Members at the ensuing Annual General meeting.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 25 Jun
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
4 Jun - Transcript for the earnings call for the Quarter and Financial year ended 31st March 2024.
-
Announcement under Regulation 30 (LODR)-Change in Management
3 Jun - For Change in Senior Management Personnel of the Company.
Concalls
-
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.