AAVAS Financiers Ltd

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

AAVAS Financiers Ltd

₹ 1,641 0.05%
21 Nov - 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 ₹ 12,990 Cr.
  • Current Price ₹ 1,641
  • High / Low ₹ 1,979 / 1,307
  • Stock P/E 26.5
  • Book Value ₹ 477
  • 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 29.3 days to 21.8 days

Cons

  • Stock is trading at 3.44 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 BSE 250 SmallCap Index BSE Diversified Financials Revenue Growth Index (I Nifty Smallcap 250 Nifty Smallcap 100 BSE Allcap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Revenue 289 272 325 343 365 353 395 411 450 467 497 508 546
Interest 115 113 116 125 124 135 141 150 165 187 204 217 222
76 80 86 97 89 98 110 117 118 132 129 134 139
Financing Profit 98 79 123 120 153 121 144 144 167 148 164 157 186
Financing Margin % 34% 29% 38% 35% 42% 34% 37% 35% 37% 32% 33% 31% 34%
2 0 1 0 0 0 0 1 1 0 1 1 1
Depreciation 5 5 6 6 7 6 7 7 9 7 8 9 9
Profit before tax 95 74 118 115 146 114 138 138 159 141 157 150 177
Tax % 8% 20% 22% 23% 21% 22% 22% 22% 20% 22% 23% 22% 20%
87 59 92 89 115 89 107 107 127 110 122 117 142
EPS in Rs 11.14 7.52 11.65 11.25 14.63 11.28 13.49 13.55 16.05 13.89 15.38 14.75 18.00
Gross NPA % 1.00% 0.94%
Net NPA % 0.73% 0.67%
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Revenue 494 710 903 1,103 1,304 1,609 2,018
Interest 193 255 356 458 478 591 828
162 188 226 274 352 442 534
Financing Profit 139 267 321 371 475 575 655
Financing Margin % 28% 38% 36% 34% 36% 36% 32%
1 1 1 2 1 2 3
Depreciation 6 10 20 21 24 29 33
Profit before tax 134 258 302 353 453 548 625
Tax % 31% 32% 18% 18% 22% 22% 22%
93 176 249 289 355 430 491
EPS in Rs 13.45 22.54 31.80 36.80 45.00 54.36 62.00
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 23%
3 Years: 22%
TTM: 25%
Compounded Profit Growth
10 Years: %
5 Years: 23%
3 Years: 19%
TTM: 14%
Stock Price CAGR
10 Years: %
5 Years: -1%
3 Years: -16%
1 Year: 10%
Return on Equity
10 Years: %
5 Years: 14%
3 Years: 14%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 69 78 78 78 79 79 79
Reserves 1,121 1,759 2,020 2,322 2,728 3,191 3,694
2,755 3,653 5,382 6,378 8,012 9,887 12,398
95 137 177 181 199 253 348
Total Liabilities 4,040 5,627 7,657 8,959 11,017 13,410 16,519
18 23 60 58 66 78 116
CWIP 0 0 1 0 2 20 11
Investments 0 0 0 0 53 111 182
4,022 5,604 7,596 8,901 10,897 13,200 16,210
Total Assets 4,040 5,627 7,657 8,959 11,017 13,410 16,519

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-933 -1,276 -1,172 -1,071 -1,135 -1,924 -1,987
-218 -327 -342 -265 -463 196 -648
1,240 1,404 1,705 1,008 1,623 1,858 2,477
Net Cash Flow 90 -198 191 -328 26 130 -157

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
ROE % 12% 13% 13% 14% 14% 14%

Shareholding Pattern

Numbers in percentages

2 Recently
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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Documents

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