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]
Focus on Low-Income Financing[1]Aadhar Housing Finance is a housing finance company (HFC) focused on the low-income housing segment with a ticket size of < Rs 15 lakh. The average ticket size of loans was Rs 10 lakh, with an average loan-to-value of 58.3% end of December 2023.
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Bajaj Housing | 97.45 | 34.39 | 81198.60 | 0.00 | 642.96 | 17.84 | 2754.85 | 14.30 | 9.55 | 10327.38 | 90.96 | 2360.96 | 642.96 | 3.83 | 2.35 | 4.44 |
| 2. | Piramal Finance. | 1770.60 | 64.67 | 40135.55 | 0.00 | 326.99 | 150.22 | 2871.55 | 21.42 | 7.73 | 10150.20 | 58.14 | 620.66 | 407.79 | 1.46 | 0.60 | 2.61 |
| 3. | LIC Housing Fin. | 539.90 | 5.38 | 29697.90 | 1.85 | 1349.37 | 1.62 | 7179.25 | 3.48 | 8.93 | 28804.92 | 93.85 | 5521.36 | 1349.25 | 0.77 | 1.80 | 7.08 |
| 4. | PNB Housing | 1003.90 | 11.91 | 26152.45 | 0.50 | 626.49 | 32.82 | 2167.91 | 16.08 | 9.46 | 8184.49 | 93.96 | 2196.76 | 626.49 | 1.45 | 2.52 | 3.62 |
| 5. | Aadhar Hsg. Fin. | 503.25 | 22.09 | 21830.80 | 0.00 | 266.35 | 17.05 | 897.06 | 17.38 | 11.43 | 3375.24 | 76.38 | 988.12 | 266.35 | 3.16 | 4.31 | 2.56 |
| 6. | Aptus Value Hou. | 287.65 | 17.08 | 14403.29 | 1.56 | 226.55 | 24.50 | 544.04 | 29.11 | 15.05 | 1998.39 | 84.25 | 843.33 | 226.55 | 3.09 | 7.42 | 1.57 |
| 7. | Sammaan Capital | 151.49 | 9.89 | 12553.42 | 0.00 | 308.47 | 111.17 | 2250.60 | -7.10 | 3.65 | 8774.88 | 74.43 | 1269.25 | 308.47 | 0.56 | -2.52 | 2.04 |
| – | Median: 16 Co. | 466.48 | 17.08 | 11976.08 | 0.42 | 195.24 | 24.75 | 605.53 | 14.98 | 9.82 | 2262.96 | 77.99 | 611.96 | 195.24 | 1.59 | 2.44 | 2.67 |
Standalone figures in ₹ crores
| Dec 2023 | Dec 2024 | Jun 2023 | Jun 2024 | Jun 2025 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | – | – | – | – | – | – | – | – | – | – | – |
Expenses | 142 | 187 | 150 | 173 | 207 | 116 | 166 | 196 | 117 | 180 | 208 |
Operating Profit | – | – | – | – | – | – | – | – | – | – | – |
Other Income | 0 | 0 | 0 | 0 | 3 | -25 | 0 | 1 | 0 | 0 | 2 |
Profit before tax | 260 | 308 | 187 | 257 | 305 | 179 | 258 | 316 | 253 | 293 | 343 |
Tax % | 22% | 22% | 22% | 22% | 22% | 22% | 22% | 23% | 22% | 22% | 22% |
Net Profit | 203 | 239 | 146 | 200 | 237 | 141 | 202 | 245 | 197 | 228 | 266 |
EPS in Rs | 5.15 | 5.55 | 3.71 | 4.69 | 5.49 | 3.56 | 5.10 | 5.68 | 5.00 | 5.29 | 6.15 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
Sales | – | – | – | – | – | – | – | – |
Expenses | 254 | 333 | 290 | 351 | 458 | 619 | 736 | 797 |
Operating Profit | – | – | – | – | – | – | – | – |
Other Income | -14 | -2 | -0 | -0 | -25 | -0 | 1 | 7 |
Interest | 731 | 793 | 816 | 761 | 799 | 987 | 1,174 | 1,285 |
Depreciation | 5 | 12 | 11 | 13 | 16 | 21 | 25 | 27 |
Profit before tax | 235 | 231 | 432 | 567 | 696 | 959 | 1,174 | 1,272 |
Net Profit | 162 | 189 | 340 | 445 | 545 | 749 | 912 | 988 |
EPS in Rs | 64.51 | 47.99 | 8.61 | 11.26 | 13.80 | 18.96 | 21.14 | 22.87 |
Dividend Payout % | 11% | 0% | 0% | 0% | 0% | 0% | 0% | – |
Standalone figures in ₹ crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
Equity Capital | 25 | 39 | 395 | 395 | 395 | 395 | 431 | 433 |
Reserves | 835 | 2,308 | 2,298 | 2,751 | 3,301 | 4,051 | 5,937 | 6,457 |
Borrowings | – | – | – | – | – | – | – | – |
Other Liabilities | 406 | 375 | 561 | 552 | 764 | 680 | 526 | 579 |
Total Liabilities | 9,461 | 12,365 | 13,628 | 14,372 | 16,613 | 19,086 | 23,216 | 25,075 |
Fixed Assets | 24 | 44 | 53 | 55 | 63 | 80 | 92 | 105 |
Gross Block | 32.93 | 63.86 | 71.86 | 78.12 | 90.06 | 112.10 | 131.40 | – |
Accumulated Depreciation | 8.87 | 19.59 | 18.73 | 23.05 | 26.74 | 32.28 | 39.53 | – |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 149 | 24 | 497 | 338 | 458 | 458 | 509 | 485 |
Other Assets | 9,288 | 12,297 | 13,077 | 13,979 | 16,092 | 18,548 | 22,616 | 24,485 |
Total Assets | 9,461 | 12,365 | 13,628 | 14,372 | 16,613 | 19,086 | 23,216 | 25,075 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
Cash from Operating Activity | -2,558 | -1,784 | -1,781 | -907 | -1,157 | -2,553 | -3,026 |
Cash from Investing Activity | -48 | -1,496 | -481 | 823 | -475 | 726 | 159 |
Cash from Financing Activity | 3,360 | 3,701 | 1,279 | 275 | 1,463 | 1,778 | 3,389 |
Net Cash Flow | 754 | 422 | -982 | 191 | -169 | -49 | 523 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
Debtor Days | – | – | – | – | – | – | – |
Inventory Days | – | – | – | – | – | – | – |
Days Payable | – | – | – | – | – | – | – |
Cash Conversion Cycle | – | – | – | – | – | – | – |
Working Capital Days | – | – | – | – | – | – | – |
ROCE % | – | – | – | – | – | – | – |
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