Aadhar Housing Finance Ltd

Aadhar Hsg. Fin. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Aadhar Housing Finance Ltd

₹ 400 -1.42%
15 Jan 10:34 a.m.
aadharhousing.com BSE: 544176 NSE: AADHARHFC
About

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]

Key Points

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.

Website BSE NSE
  • Market Cap ₹ 17,223 Cr.
  • Current Price ₹ 400
  • High / Low ₹ 517 / 292
  • Stock P/E 20.7
  • Book Value ₹ 137
  • Dividend Yield 0.00 %
  • ROCE 11.4 %
  • ROE 18.4 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 34.3% CAGR over last 5 years

Cons

  • Stock is trading at 2.96 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 BSE Allcap BSE 400 MidSmallCap Index BSE SmallCap Nifty 500

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Revenue 555 593 629 673 692 713 764
Interest 213 235 239 251 262 277 285
133 166 132 156 166 173 180
Financing Profit 209 192 258 266 264 263 299
Financing Margin % 38% 32% 41% 40% 38% 37% 39%
-25 0 0 0 0 0 0
Depreciation 4 5 5 5 6 6 6
Profit before tax 180 187 253 261 259 257 292
Tax % 22% 22% 22% 22% 22% 22% 22%
141 146 197 204 202 200 228
EPS in Rs 3.56 3.71 5.00 5.17 5.11 4.69 5.29
Gross NPA % 1.46% 1.40% 1.10% 1.31% 1.30%
Net NPA % 1.10% 0.90% 0.70% 0.90% 0.90%
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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%

Shareholding Pattern

Numbers in percentages

Jun 2024Sep 2024Dec 2024
76.48% 75.89% 75.74%
4.18% 4.32% 4.30%
8.50% 9.46% 9.27%
10.86% 10.33% 10.69%
No. of Shareholders 2,39,6962,20,3382,19,626

* 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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Documents

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