Aadhar Housing Finance logo

Aadhar Housing Finance

AADHARHFC NSE

Key Fundamentals

SmallcapHousing FinanceFinancial Services
Market Cap
₹19,449 Cr
P/E (TTM)
16.91
EBITDA
₹2,818 Cr
Return on Equity
14.53%
Debt to Equity
2.52
Book Value
₹171.21
EPS (TTM)
₹26.23
52W High
₹563.00
52W Low
₹427.30

Price-based figures as of 09 Oct 2026, 15:52 IST · EPS basis: Consolidated · TTM

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

1
  • Company has delivered good profit growth of 26.6% CAGR over last 5 years

Weaknesses

2
  • Stock is trading at 2.62 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend

Growth Rate

Revenue Growth
18.59% lower than 3Y

change over 1 year

Net Income Growth
20.19% lower than 3Y

change over 1 year

Cash Flow Change
7.23%

change over 1 year

EBITDA Margin Change
0.17%

change over 1 year

AI Analysis — Bull vs Bear

Figures as of 1 Oct 2026
AI opinion · based on fundamentals
Risk medium

As of the 2026-10-01 close, Aadhar Housing Finance traded at ₹448.4, giving a market cap of ₹19,657.55 crore, a TTM P/E of 17.09 and a P/B of 2.62. Revenue has compounded at 22% and profit at 25% over 3 years, and TTM growth was 18% and 22%. Current ROE of 14.53% is below the 3-year average of 17%, the stock is down 12% over the past year, and it sits 20.4% below its 52-week high of ₹563.

Bull Case 7
  • Profit has compounded at 27% over 5 years and 25% over 3 years. TTM profit growth is still 22%, so earnings momentum has held up over several years.
  • Revenue has compounded at 19% over 5 years and 22% over 3 years, with TTM growth of 18%. That points to steady growth in the loan book in the affordable housing segment.
  • The TTM P/E of 17.09 is below the 22% TTM profit growth rate, giving a P/E-to-growth ratio of about 0.78. On that measure, the valuation is undemanding relative to recent earnings growth.
  • Profit growth has run ahead of revenue growth: 22% vs 18% on a TTM basis and 25% vs 22% over 3 years. This suggests operating leverage or better spreads and cost efficiency.
  • At ₹448.4, the stock is 20.4% below its 52-week high of ₹563 and only about 4.9% above its 52-week low of ₹427.3. Much of the past year's 12% decline is already reflected in the price.
  • ROE has stayed in a healthy range: 17% on 3-year and 5-year averages, 16% last year and 14.53% now. That is reasonable profitability for a housing finance company.
  • EPS (TTM) of ₹26.23 gives an earnings yield of about 5.85% at ₹448.4. Because no dividend is paid, all of those earnings are retained to fund loan book growth.
Bear Case 8
  • Current ROE of 14.53% is below last year's 16% and the 3-year and 5-year averages of 17%. Return on equity is trending down.
  • Growth is slowing. TTM revenue growth of 18% trails the 3-year CAGR of 22%, and TTM profit growth of 22% trails the 5-year CAGR of 27%.
  • At a P/B of 2.62, implied book value is about ₹171 per share. A premium of more than 2.5x book for a lender with 14.53% ROE leaves little room if asset quality or growth disappoints.
  • The dividend yield is 0% even though the company is consistently profitable, with EPS of ₹26.23. Shareholders get no cash return and depend entirely on price appreciation.
  • The stock has returned -12% over 1 year and trades near the bottom of its ₹427.3–₹563 52-week range. Price momentum has been weak despite earnings growth.
  • ROCE of 10.62% is modest. Housing finance companies run on high leverage, and the debt-to-equity figure is not available in the data, which limits any assessment of balance sheet risk.
  • The company has a short listing history, with no 3-year, 5-year or 10-year stock return data available. Its affordable housing borrowers are lower-income and often self-employed, which can make asset quality more sensitive to economic downturns than prime mortgage lending.
  • A private equity promoter holds a significant stake, and further stake sales could add supply pressure on a ₹19,657.55 crore market-cap stock that is already down 12% over the year.

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

16h ago
Positives 2
  • On-time ₹10 cr NCD redemption Sep 19

    Aadhar Housing Finance fully redeemed ₹10 crore of NCD principal at maturity and paid ₹90 lakh in interest, both on their due dates. This reinforces its record of debt servicing discipline and supports its access to the debt markets.

  • Investor meetings scheduled in Mumbai Sep 15

    The company will hold physical investor meetings in Mumbai on September 22 and 28, 2026, presenting its July 31, 2026 investor deck. Ongoing investor engagement may improve institutional visibility.

Neutral 2
  • Nikhil Goyal appointed Non-Executive Director Sep 21

    Shareholders approved Mr. Nikhil Goyal's appointment as Non-Executive Director via postal ballot with 99.94% of votes in favour. This is a routine governance matter with strong shareholder backing.

  • Niche99 ESG rating: 56 Performer Sep 18

    Niche99 assigned an ESG rating of 56.00 (Performer category) for FY26, based on public domain data. This is a mid-range score with no immediate impact on valuation.

TL;DR: Recent news flow for Aadhar Housing Finance is routine and mildly constructive, with no material headwinds reported. Timely servicing of the ₹10 crore NCD and ₹90 lakh interest shows sound liability management, and near-unanimous shareholder approval of the board appointment points to stable governance. None of these items gives any read on core metrics like AUM growth, asset quality or margins. Investors should watch for business updates from the September 22 and 28 investor meetings.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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 (₹)
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%
1.31%
Net NPA %
1.1%
0.9%
0.97%
0.7%
0.9%
0.9%
0.95%
0.7%
1%
—
1.01%
0.8%
0.9%
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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 (₹)
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%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Cash Flow

Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Ratios

Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
20%
12%
14%
15%
16%
18%
17%
16%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Shareholding Pattern

FIIs5.79%Promot.64.66%Public6.53%DIIs9.93%Others13.08%As ofJun 2026

Documents

Frequently Asked Questions about Aadhar Housing Finance

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 trades as AADHARHFC on the NSE and under code 544176 on the BSE.
Which sector does Aadhar Housing Finance Ltd belong to?
Aadhar Housing Finance Ltd is classified under the Financial Services sector, in the Housing Finance industry.
What is the market capitalisation of Aadhar Housing Finance Ltd?
Aadhar Housing Finance Ltd has a market capitalisation of ₹19,449 Cr as of 9 Oct 2026, which places it in the Mid Cap band.
What is the PE ratio of Aadhar Housing Finance Ltd?
Aadhar Housing Finance Ltd trades at a PE ratio of 16.91 as of 9 Oct 2026, on earnings per share of ₹26.23, against a book value of ₹171.21 per share.
What is the 52-week high and low of Aadhar Housing Finance Ltd?
Over the last 52 weeks Aadhar Housing Finance Ltd has traded between ₹427.3 and ₹563 as of 9 Oct 2026.
What is the Return on Equity (ROE) of Aadhar Housing Finance Ltd?
Aadhar Housing Finance Ltd reported a return on equity of 14.53%. Its debt-to-equity ratio is 2.52.

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
Shares Outstanding 43,83,93,157

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