Aadhar Housing Finance Ltd
AADHARHFC NSE
Aadhar Housing Finance Ltd
Financial ServicesNSE: AADHARHFC BSE: 544176 Housing Finance
Key Fundamentals
SmallcapHousing FinanceFinancial ServicesMarket Cap
₹22,302 Cr
Volatility
Moderate
P/E Ratio
19.31
EBITDA
₹2,818 Cr
Return on Equity
14.53%
Debt to Equity
2.52
Book Value
₹171.6
EPS
₹18.84
52W High
₹563
52W Low
₹430.15
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Aadhar Housing Finance Ltd insights
30 extracted metrics + investor summaries across FY19–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
1- Company has delivered good profit growth of 26.6% CAGR over last 5 years
Weaknesses
2- Stock is trading at 2.93 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
Growth Rate
Revenue Growth
18.59% ↗
Net Income Growth
20.19% ↗
Cash Flow Change
7.23% ↗
ROE
1.54% ↗
ROCE
2.71% ↗
EBITDA Margin (Avg.)
0.17% ↗
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 3d agoAI opinion · based on fundamentals
Risk medium
Aadhar Housing Finance Ltd has a market cap of ₹21,727 Cr, trades at a PE of 18.9x and PB of 2.88x, and has delivered compounded profit growth of 25% CAGR over 3 years with consistent ROE of 16-17%. The company does not pay dividends despite sustained profitability.
Bull Case 7
- Strong profit growth of 26.6% CAGR over the last 5 years demonstrates consistent earnings expansion in the affordable housing finance segment
- Compounded sales growth of 22% over 3 years and 19% over 5 years indicates robust loan book expansion and sustained demand
- TTM revenue growth of 18% shows continued momentum in top-line performance even on a larger base
- TTM profit growth of 22% outpacing revenue growth of 18% suggests improving operating leverage and cost efficiency
- Consistent ROE of 16-17% over 3 and 5 year periods reflects stable return generation on equity capital deployed
- PE of 18.9x is reasonable relative to the 25% three-year profit CAGR, implying a PEG ratio below 1x on a trailing basis
- Affordable housing finance sector benefits from structural tailwinds including government housing initiatives and large underpenetrated rural/semi-urban markets
Bear Case 8
- Stock trades at 2.88-2.92x book value which is elevated for a housing finance company and leaves limited margin of safety if growth slows
- Zero dividend yield despite repeated profitability raises questions about capital allocation priorities and shareholder return policy
- ROE has slightly declined from 17% (3-year and 5-year average) to 16% in the last year, suggesting possible margin compression or higher equity base dilution
- Stock price CAGR of only 1% over 1 year indicates the market has not rewarded the earnings growth, possibly reflecting rich prior valuations
- Debt-to-equity ratio is unavailable in reported metrics, creating uncertainty around leverage levels in a lending business where balance sheet risk is critical
- Affordable housing finance segment typically carries higher credit risk with borrowers in lower income brackets, and asset quality deterioration in a downturn could be rapid
- No 10-year track record available for key growth metrics limits ability to assess performance across full economic cycles
- Profit growth of 22% TTM has decelerated from the 27% five-year CAGR, suggesting growth rates may be normalizing as scale increases
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 1d ago Positives 3
- Q1FY27 profit up 19% Aug 4
Net profit rose 19% YoY to ₹282 crore in Q1FY27, driven by 18% AUM growth. GNPA stable at 1.31% with spreads maintained above 5.5%.
- ₹350 crore NCD fundraise Jul 20
Allotted 35,000 NCDs worth ₹350 crore via private placement with a tenor of nearly 5 years, strengthening the liability profile.
- NCD issuance up to ₹9,000 crore approved Aug 7
Shareholders unanimously approved all five AGM resolutions on August 6, including authorization for NCD issuance up to ₹9,000 crore via private placement.
Neutral 4
- New joint statutory auditor appointed Aug 7
M/s. N. M. Raiji & Co. appointed as Joint Statutory Auditor for three years, succeeding M/s. Kirtane & Pandit LLP.
- Investor meets scheduled in August Jul 27
Physical investor meetings planned for August 10 and 13 in Mumbai, with updated investor deck uploaded on July 31, 2026.
- Q1FY27 earnings call scheduled Jul 20
Conference call on July 31, 2026 to discuss Q1FY27 unaudited results, led by MD & CEO Rishi Anand and CFO Rajesh Viswanathan.
- FY26 sustainability report filed Jul 10
Business Responsibility and Sustainability Report for FY 2025-26 filed with SEBI, with assurance from Kirtane & Pandit LLP.
TL;DR: Aadhar Housing Finance is executing well with 19% profit growth, 18% AUM expansion, and stable asset quality at 1.31% GNPA. The company is proactively building its borrowing capacity with a ₹9,000 crore NCD authorization and has already raised ₹350 crore. No material headwinds are visible in recent news flow. The growth trajectory looks healthy as long as asset quality holds and the urban-emerging market strategy continues to deliver above-5.5% spreads.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 593 | 629 | 673 | 692 | 713 | 764 | 798 | 833 | 848 | 897 | 943 | 985 | 993 |
| Expenses | 166 | 132 | 156 | 166 | 173 | 180 | 187 | 197 | 207 | 208 | 214 | 240 | 248 |
| Financing Profit | 192 | 258 | 266 | 264 | 263 | 299 | 314 | 321 | 309 | 348 | 382 | 401 | 368 |
| Fin. Margin % | 32% | 41% | 40% | 38% | 37% | 39% | 39% | 39% | 36% | 39% | 40% | 41% | 37% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 3 | 2 | -15 | 8 | 4 |
| Interest | 235 | 239 | 251 | 262 | 277 | 285 | 297 | 315 | 332 | 342 | 348 | 343 | 376 |
| Depreciation | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 7 | 7 | 7 | 11 | 9 |
| PBT | 187 | 253 | 261 | 259 | 257 | 292 | 308 | 316 | 305 | 343 | 360 | 398 | 364 |
| Tax % | 22% | 22% | 22% | 22% | 22% | 22% | 22% | 22% | 22% | 22% | 22% | 22% | 22% |
| Net Profit | 146 | 197 | 204 | 202 | 200 | 228 | 239 | 245 | 237 | 266 | 281 | 311 | 282 |
| EPS in Rs | 3.71 | 5 | 5.17 | 5.11 | 4.69 | 5.29 | 5.56 | 5.68 | 5.49 | 6.15 | 6.48 | 7.14 | 6.46 |
| Gross NPA % | 1.46% | 1.4% | 1.4% | 1.1% | 1.31% | 1.3% | 1.36% | 1.05% | 1.34% | 1.4% | 1.38% | 1.08% | — |
| Net NPA % | 1.1% | 0.9% | 0.97% | 0.7% | 0.9% | 0.9% | 0.95% | 0.7% | — | — | 1.01% | 0.8% | — |
Profit & Loss
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,266 | 1,388 | 1,575 | 1,728 | 2,043 | 2,587 | 3,109 | 3,683 | 3,817 |
| Expenses | 276 | 350 | 316 | 387 | 507 | 619 | 736 | 868 | 910 |
| Financing Profit | 258 | 245 | 444 | 580 | 737 | 981 | 1,199 | 1,451 | 1,499 |
| Fin. Margin % | 20% | 18% | 28% | 34% | 36% | 38% | 39% | 39% | 39% |
| Other Income | -14 | -2 | 0 | 0 | -25 | 0 | 0 | -13 | 0 |
| Interest | 732 | 793 | 816 | 761 | 799 | 987 | 1,174 | 1,364 | 1,409 |
| Depreciation | 9 | 12 | 11 | 13 | 16 | 21 | 25 | 32 | 34 |
| PBT | 235 | 231 | 433 | 567 | 696 | 960 | 1,173 | 1,406 | 1,464 |
| Tax % | 31% | 18% | 21% | 22% | 22% | 22% | 22% | 22% | — |
| Net Profit | 162 | 189 | 340 | 445 | 545 | 750 | 912 | 1,096 | 1,141 |
| EPS in Rs | 64.37 | 47.99 | 8.62 | 11.27 | 13.8 | 18.99 | 21.14 | 25.15 | 26.23 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 25 | 39 | 395 | 395 | 395 | 395 | 431 | 436 |
| Reserves | 834 | 2,308 | 2,298 | 2,752 | 3,303 | 4,055 | 5,941 | 7,105 |
| Borrowing | 8,195 | 9,643 | 10,374 | 10,675 | 12,153 | 13,960 | 16,322 | 18,744 |
| Other Liabilities | 426 | 376 | 563 | 554 | 766 | 683 | 529 | 1,114 |
| Total Liabilities | 9,480 | 12,366 | 13,630 | 14,376 | 16,618 | 19,093 | 23,224 | 27,399 |
| Fixed Assets | 42 | 44 | 53 | 55 | 63 | 80 | 92 | 138 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 150 | 24 | 497 | 338 | 459 | 462 | 513 | 637 |
| Other Assets | 9,289 | 12,298 | 13,080 | 13,982 | 16,095 | 18,551 | 22,618 | 26,624 |
| Total Assets | 9,480 | 12,366 | 13,630 | 14,376 | 16,618 | 19,093 | 23,224 | 27,399 |
Cash Flow
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating | -2,554 | -1,785 | -1,202 | -907 | -1,156 | -2,550 | -3,027 | -2,808 |
| Investing | -49 | -1,495 | -480 | 823 | -477 | 723 | 160 | 309 |
| Financing | 3,356 | 3,701 | 701 | 275 | 1,463 | 1,778 | 3,389 | 2,336 |
| Net Cash Flow | 754 | 422 | -981 | 191 | -169 | -49 | 522 | -164 |
| Free Cash Flow | -2,562 | -1,788 | -1,207 | -918 | -1,166 | -2,565 | -3,041 | -2,827 |
| CFO/OP | -250 | -165 | -88 | -59 | -66 | -118 | -117 | -89 |
Ratios
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| ROE % | 20% | 12% | 14% | 15% | 16% | 18% | 17% | 16% |
Documents
2
Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
7 Aug - 36th AGM on 6 Aug 2026 approved financials, auditor appointment, director reappointment, and NCD issuance. 7 Aug - 36th AGM on 6 Aug 2026 approved financials, auditor appointment, director reappointment, and NCD issuance.
3
Announcement under Regulation 30 (LODR)-Newspaper Publication
7 May - Newspaper Publication of Financial Results for the Quarter and financial year ended 31st March, 2026 7 May - Newspaper Publication of Financial Results for the Quarter and financial year ended 31st March, 2026
4
Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Disclosure Of ESG Rating
7 May - NSE Sustainability assigned Aadhar Housing Finance ESG rating of 33 for FY 2024-25. 7 May - NSE Sustainability assigned Aadhar Housing Finance ESG rating of 33 for FY 2024-25.
5
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
1d - ICRA report for quarter ended 31 March 2026 confirms no deviation in IPO proceeds utilization. 1d - ICRA report for quarter ended 31 March 2026 confirms no deviation in IPO proceeds utilization.
Frequently Asked Questions about Aadhar Housing Finance Ltd
What does Aadhar Housing Finance Ltd do?
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]
Where is Aadhar Housing Finance Ltd (AADHARHFC) listed?
Aadhar Housing Finance Ltd is listed on the Indian stock exchanges. It is listed on NSE: AADHARHFC and BSE: 544176. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Aadhar Housing Finance Ltd belong to?
Aadhar Housing Finance Ltd operates in the Financial Services sector within the Housing Finance industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Aadhar Housing Finance Ltd?
Aadhar Housing Finance Ltd has a market capitalisation of approximately ₹22302.24 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Aadhar Housing Finance Ltd?
The Price-to-Earnings (PE) ratio of Aadhar Housing Finance Ltd is 19.31. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Aadhar Housing Finance Ltd?
Over the past 52 weeks, Aadhar Housing Finance Ltd has traded between a low of ₹430.15 and a high of ₹563. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Aadhar Housing Finance Ltd?
Aadhar Housing Finance Ltd has a Return on Equity (ROE) of 14.53%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Aadhar Housing Finance Ltd on Tapetide?
On Tapetide, you can view Aadhar Housing Finance Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
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]
Website aadharhousing.com
CEO Mr. Rishi Anand
Employees 4,583
Listed 2024-05-15
Face Value ₹ 10
Issued Size 43,37,96,312