AAVAS Financiers Ltd
- Market Cap ₹ 16,660 Cr.
- Current Price ₹ 2,105
- High / Low ₹ 2,134 / 1,391
- Stock P/E 34.0
- Book Value ₹ 477
- Dividend Yield 0.00 %
- ROCE 9.91 %
- ROE 13.9 %
- Face Value ₹ 10.0
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 4.42 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: -12.7%
* 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 Financial Services BSE Allcap BSE 250 SmallCap Index BSE 400 MidSmallCap Index BSE Diversified Financials Revenue Growth Index (I
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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: | 13% |
3 Years: | -6% |
1 Year: | 47% |
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 |
Deposits | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Borrowing | 2,653 | 3,355 | 5,054 | 6,047 | 7,316 | 9,233 | 11,878 |
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association
28 Mar - Shareholders approved amendments to Articles of Association.
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Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
28 Mar - Voting results of 26th EGM approved by members.
- Compliances-Reg. 57 (1) - Certificate of interest payment/Principal in case of NCD 28 Mar
- Shareholder Meeting / Postal Ballot-Outcome of EGM 28 Mar
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
25 Mar - Of Allotment of Equity Shares pursuant to exercise of stock options under performance stock option plan-2023 (PSOP)
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Concalls
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Feb 2025Transcript PPT REC
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Nov 2018Transcript PPT
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Oct 2018TranscriptNotesPPT
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]