AAVAS Financiers Ltd logo

AAVAS Financiers Ltd

AAVAS NSE

Incorporated in 2011, Aavas Financiers Ltd provides housing loans & advances[1]

AI Verdict: HOLD Confidence: 5%

AAVAS Financiers trades at a PE of 17.8x with consistent 14% ROE and 19% sales CAGR over 5 years, but the stock has declined 19% in the last year and offers zero dividend yield. With 76% analyst buy ratings but weak price momentum, the risk-reward is balanced at current levels.

Key Fundamentals

MicrocapHousing FinanceFinancial Services
Market Cap
₹11,767 Cr
Volatility
Moderate
P/E Ratio
18.02
EBITDA
₹1,486 Cr
Return on Equity
13%
Debt to Equity
3.16
Book Value
₹637.03
EPS
₹61.97
52W High
₹2,152.9
52W Low
₹1,060.4

Technical Indicators

Key Insights

Strengths

1
  • Company's median sales growth is 24.4% of last 10 years

Weaknesses

4
  • 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 14.0% over last 3 years.
  • Company might be capitalizing the interest cost

Growth Rate

Revenue Growth
25.46% ↗
Net Income Growth
14.22% ↗
Cash Flow Change
-3.25% ↘
ROE
-1.07% ↗
ROCE
3.82% ↗
EBITDA Margin (Avg.)
1.42% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
HOLD
Risk medium

AAVAS Financiers trades at a PE of 17.8x with consistent 14% ROE and 19% sales CAGR over 5 years, but the stock has declined 19% in the last year and offers zero dividend yield. With 76% analyst buy ratings but weak price momentum, the risk-reward is balanced at current levels.

Bull Case 8
  • Strong analyst consensus with 76.19% buy ratings (16 out of 21 analysts recommend buy)
  • Reasonable valuation at PE of 17.8x for a housing finance company with consistent growth track record
  • Compounded sales growth of 19% CAGR over 5 years demonstrates strong business momentum
  • Compounded profit growth of 18% CAGR over 5 years indicates healthy earnings expansion
  • Exceptional long-term sales growth with 10-year CAGR of 30% and median sales growth of 24.4%
  • Price-to-book of 2.3x is reasonable for a growing housing finance franchise with 14% ROE
  • Consistent ROE of 14% across 1-year, 3-year, 5-year, and 10-year periods shows stable profitability
  • 10-year compounded profit CAGR of 35% reflects long-term wealth creation potential
Bear Case 8
  • Stock price declined 19% in the last 1 year despite consistent business growth, signaling market concern
  • Zero dividend yield with no payout despite repeated profitability, reducing shareholder returns
  • Low interest coverage ratio raises concerns about debt servicing ability in a rising rate environment
  • ROE of 14% over 3 years is below peer average for high-growth NBFCs which typically deliver 16-20%
  • 5-year stock CAGR of -10% indicates significant value destruction for medium-term investors
  • Potential capitalization of interest costs may inflate reported profitability and asset values
  • Market cap of Rs 11,770 crore with 3-year stock CAGR of only 2% shows prolonged underperformance
  • TTM sales growth decelerated to 14% from 19% five-year CAGR, indicating potential growth slowdown

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

AI News Digest

Anthropic anthropic claude-opus-4.6 14h ago
Headwinds 2
  • NHB loan classification concerns Jun 22

    Reports allege NHB inspection flagged misclassification in a ₹400–500 crore loan portfolio and concessional refinancing issues. Formal NHB findings remain undisclosed despite company denials.

  • Senior executives resign Jun 21

    CFO Ghanshyam Rawat and CRO Ashutosh Atre resigned effective September 21, 2026. Interim replacements Ghanshyam Gupta and Punit Purushottam Agarwal appointed from June 22, 2026.

Positives 2
  • Active investor engagement Jun 18

    Aavas Financiers scheduled multiple investor meets in Mumbai (Jun 18, Jun 23) and Jaipur (Jun 24) to maintain market communication amid recent concerns.

  • No promoter share encumbrance Jun 15

    Aquilo House Pte. Ltd. confirmed zero encumbrance on Aavas Financiers securities for FY ended March 31, 2026, per SEBI compliance disclosure.

Neutral 2
  • New independent director appointed Jun 19

    Vivek Anant Karve appointed as Non-Executive Independent Director for five years effective June 23, 2026, replacing Kalpana Kaushik Mazumdar.

  • ₹55 crore institutional block trade Jun 11

    Approximately 4,23,287 shares traded in a single block deal on NSE at ₹1,299.60 per share, totalling ₹55.01 crores, indicating institutional activity.

TL;DR: Aavas Financiers faces regulatory uncertainty around an alleged ₹400–500 crore loan misclassification flagged by NHB and the simultaneous exit of its CFO and CRO, which raises governance questions. On the positive side, the company is proactively engaging investors and promoter holdings remain unencumbered. The near-term trend is deteriorating until NHB findings are formally disclosed and leadership transitions stabilize.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue
450
467
497
508
546
542
579
597
636
628
667
674
715
Expenses
118
132
130
134
139
138
133
142
170
168
170
170
199
Financing Profit
167
148
163
157
186
169
198
196
202
188
222
230
243
Fin. Margin %
37%
32%
33%
31%
34%
31%
34%
33%
32%
30%
33%
34%
34%
Other Income
1
0
1
1
1
0
1
1
1
0
0
0
0
Interest
165
187
204
217
222
235
249
259
265
271
276
274
273
Depreciation
9
7
8
9
9
9
9
9
10
9
11
11
12
PBT
159
141
157
150
177
161
190
188
193
179
211
219
231
Tax %
20%
22%
22%
22%
20%
22%
22%
22%
20%
22%
22%
22%
21%
Net Profit
127
110
122
117
143
126
148
146
154
139
164
170
182
EPS in Rs
16.03
13.87
15.38
14.74
18.02
15.93
18.69
18.5
19.42
17.59
20.71
21.48
22.91
Gross NPA %
0.92%
1%
1.04%
1.09%
0.94%
1.01%
1.08%
1.14%
1.08%
1.22%
1.24%
1.19%
1.05%
Net NPA %
0.68%
0.73%
0.76%
0.79%
0.67%
0.72%
0.78%
0.81%
0.73%
0.84%
0.85%
0.79%
0.68%
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue
104
191
305
494
710
902
1,103
1,304
1,608
2,018
2,355
2,683
Expenses
21
43
72
161
188
225
273
349
441
535
582
706
Financing Profit
30
51
90
139
266
321
372
477
576
654
765
882
Fin. Margin %
29%
27%
29%
28%
38%
36%
34%
37%
36%
32%
32%
33%
Other Income
0
0
0
1
1
1
2
1
2
3
4
1
Interest
53
97
143
193
255
356
458
478
591
828
1,007
1,095
Depreciation
1
1
3
6
10
20
21
24
29
33
36
43
PBT
29
50
88
134
258
302
353
455
549
624
733
840
Tax %
34%
34%
35%
31%
32%
18%
18%
22%
22%
21%
22%
22%
Net Profit
19
33
57
93
176
249
290
357
430
491
574
655
EPS in Rs
5.8
8.54
9.82
13.46
22.52
31.81
36.88
45.2
54.4
62
72.53
82.6
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
33
38
58
69
78
78
78
79
79
79
79
79
Reserves
69
165
508
1,121
1,759
2,020
2,323
2,730
3,191
3,694
4,282
4,972
Borrowing
704
1,447
1,793
2,755
3,653
5,382
6,378
8,012
9,887
12,412
13,918
15,686
Other Liabilities
47
60
91
95
137
177
181
200
254
334
339
476
Total Liabilities
852
1,711
2,451
4,040
5,627
7,657
8,960
11,020
13,411
16,519
18,618
21,212
Fixed Assets
5
6
10
18
23
60
58
66
78
116
134
178
CWIP
0
0
0
0
0
1
0
2
20
11
10
0
Investments
0
0
1
4
4
4
4
68
123
182
230
271
Other Assets
847
1,705
2,440
4,017
5,599
7,592
8,897
10,885
13,189
16,210
18,244
20,764
Total Assets
852
1,711
2,451
4,040
5,627
7,657
8,960
11,020
13,411
16,519
18,618
21,212
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
—
-591
-591
-933
-1,276
-1,172
-1,071
-1,136
-1,920
-2,001
-1,660
-1,386
Investing
—
-1
-15
-218
-327
-342
-265
-467
196
-646
176
-117
Financing
—
816
640
1,240
1,404
1,705
1,008
1,623
1,858
2,491
1,475
1,720
Net Cash Flow
—
224
34
90
-199
191
-328
20
134
-156
-9
217
Free Cash Flow
—
-592
-598
-947
-1,290
-1,192
-1,079
-1,151
-1,958
-2,032
-1,688
-1,418
CFO/OP
—
-390
-243
-268
-232
-164
-122
-111
-157
-126
-86
-62
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
24%
21%
15%
11%
12%
13%
13%
14%
14%
14%
14%
14%

Shareholding Pattern

As of Mar 2026
Promoters 48.88%
DIIs 22.14%
FIIs 16.74%
Public 9.36%
Others 2.88%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
50.08%
50.07%
39.22%
39.21%
39.20%
39.19%
39.16%
39.15%
39.14%
39.13%
39.11%
39.10%
26.47%
26.47%
26.47%
26.47%
26.47%
48.96%
48.96%
48.95%
48.88%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.04%
0.04%
0.00%
35.50%
0.00%
34.79%
35.88%
35.50%
33.97%
29.67%
29.77%
25.88%
24.72%
16.74%
DIIs
6.97%
6.51%
8.25%
8.42%
8.30%
8.40%
9.00%
10.92%
10.95%
14.35%
14.15%
13.85%
24.00%
24.40%
25.56%
25.69%
10.75%
11.51%
14.14%
14.29%
22.14%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
8.87%
8.88%
9.79%
9.72%
9.87%
10.29%
6.27%
6.27%
5.71%
9.13%
8.67%
10.36%
11.70%
10.38%
9.86%
10.50%
8.32%
7.53%
8.62%
9.25%
9.36%
Others
34.08%
34.53%
42.74%
42.66%
42.62%
42.11%
45.57%
43.61%
44.16%
37.39%
2.57%
36.68%
3.04%
2.87%
2.61%
3.36%
24.80%
2.22%
2.40%
2.80%
2.88%
No. of Shareholders
25,935
30,154
42,335
42,777
50,248
54,261
58,409
62,631
60,388
94,788
1,07,718
1,32,644
1,51,680
1,44,395
1,44,452
1,47,894
1,32,792
1,21,862
1,22,052
1,20,695
1,17,980

Documents

Frequently Asked Questions about AAVAS Financiers Ltd

What does AAVAS Financiers Ltd do?
Incorporated in 2011, Aavas Financiers Ltd provides housing loans & advances[1]
Where is AAVAS Financiers Ltd (AAVAS) listed?
AAVAS Financiers Ltd is listed on the Indian stock exchanges. It is listed on NSE: AAVAS and BSE: 541988. You can view its live share price, financials, and ratios on Tapetide.
Which sector does AAVAS Financiers Ltd belong to?
AAVAS Financiers Ltd operates in the Financial Services sector within the Finance industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of AAVAS Financiers Ltd?
AAVAS Financiers Ltd has a market capitalisation of approximately ₹11767.12 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of AAVAS Financiers Ltd?
The Price-to-Earnings (PE) ratio of AAVAS Financiers Ltd is 18.02. 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 AAVAS Financiers Ltd?
Over the past 52 weeks, AAVAS Financiers Ltd has traded between a low of ₹1,060.4 and a high of ₹2,152.9. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of AAVAS Financiers Ltd?
AAVAS Financiers Ltd has a Return on Equity (ROE) of 13.00%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research AAVAS Financiers Ltd on Tapetide?
On Tapetide, you can view AAVAS Financiers 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

Incorporated in 2011, Aavas Financiers Ltd provides housing loans & advances[1]

Website aavas.in
CEO Mr. Sachinderpalsingh Jitendrasingh Bhinder
Employees 7,233
Listed 2018-10-08
Face Value ₹ 10
Issued Size 7,91,79,511

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