Whalesbook
Aavas Financiers ne Q4 FY26 mein asal mein kamaal kar dikhaya hai! Company ke numbers ekdum solid aaye hain. Unhone disbursements ko 36% quarter-on-quarter badha kar ₹23.5 billion pahuncha diya. Net Interest Margins (NIMs) bhi sudhar kar 8.45% ho gaye hain aur 1+ days past due (DPD) ka figure gir kar 3.17% par aa gaya hai. Poore FY26 ke liye net profit 14% year-on-year badh kar ₹6.56 billion ho gaya hai, aur Assets Under Management (AUM) 15% badh kar ₹234.5 billion ho gayi hai. Ye sab tab hua hai jab company mein CVC Capital Partners ne 26.47% ka stake lekar promoter ban gaye hain, aur Manu Singh ne MD & CEO ka position sambhala hai.
Is zabardast performance ka asar stock par bhi dikha. Share price mein 4.81% ka jump aaya aur woh ₹1,448.00 par close hua. Company ki market cap ab lagbhag ₹11,469 crore hai aur P/E ratio 18.45x ke aas-paas hai. Pichhle 9 mahine mein jo internal restructuring aur leadership changes ki wajah se challenges the, unke baad ye recovery kaafi positive hai.
Ab baat karte hain analysts ki. ICICI Securities toh 'BUY' rating ke saath ₹1,725 ka target de rahi hai. Lekin, Motilal Oswal jaisi firms thoda cautious hain, unka 'Neutral' rating aur ₹1,500-1,650 ka target hai. Competition ki baat karein toh Bajaj Housing Finance ne bhi 14% profit growth dikhaya hai, unka GNPA ratio sirf 0.27% hai. Aavas ke 8.45% NIMs sector mein sabse acche hain, par sawal ye hai ki kya woh is level ko maintain kar payenge, kyunki funding costs aur competition dono badh rahe hain.
Overall, Q4 recovery toh strong hai, par investors abhi bhi ye soch rahe hain ki kya company is performance ko consistently maintain kar payegi, especially with the new leadership and CVC's entry. Pichhle saal stock mein kaafi volatility bhi thi, ₹2,152.90 ke high se ₹1,060.40 tak gira tha. FY27 ke liye 20% AUM growth ka target hai, lekin execution aur market pressures ko nazarandaaz nahi kar sakte. Analyst ka average target price ₹1,605 hai, jo current price se upside dikhata hai, par kuch 'Neutral' ratings bhi hain jo risk ki taraf ishara kar rahi hain.