MarketFriction

Aadhar Housing Finance Ltd

NSE AADHARHFC · BSE 544176 · Housing Finance Company
₹448.40 +2.84%
NSE close2026-10-01
52 week range427.30 - 563.00
Market cap₹18,960 Cr.
P/E16.4
IPO 2024 · +42% since Nifty 500Smallcap 250 Price band 20% Delivery 47.9%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue629673692713764798833848897943985993
Interest239251262277285297315332342348343376
Expenses132156166173180187197207208214240248
Financing Profit258266264263299314321309348382401368
Financing Margin %41%40%38%37%39%39%39%36%39%40%41%37%
Other Income000000132-1584
Depreciation5566666777119
Profit before tax253261259257292308316305343360398364
Tax %22%22%22%22%22%22%22%22%22%22%22%22%
Net Profit197204202200228239245237266281311282
EPS in Rs5.005.175.114.695.295.565.685.496.156.487.146.46
Gross NPA %1.40%1.40%1.10%1.31%1.30%1.36%1.05%1.34%1.40%1.38%1.08%1.31%
Net NPA %0.90%0.97%0.70%0.90%0.90%0.95%0.70%1.00%1.01%0.80%0.90%
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue1,2661,3881,5751,7282,0432,5873,1093,6833,817
Interest7327938167617999871,1741,3641,409
Expenses276350316387507619736868910
Financing Profit2582454445807379811,1991,4511,499
Financing Margin %20%18%28%34%36%38%39%39%39%
Other Income-14-2-00-25-0-0-13-0
Depreciation91211131621253234
Profit before tax2352314335676969601,1731,4061,464
Tax %31%18%21%22%22%22%22%22%
Net Profit1621893404455457509121,0961,141
EPS in Rs64.3747.998.6211.2713.8018.9921.1425.1526.23
Dividend Payout %0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%19%22%18%
Compounded Profit Growth%27%25%22%
Stock Price CAGR%%%-15%
Return on Equity%17%17%16%
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital2539395395395395431436
Reserves8342,3082,2982,7523,3034,0555,9417,105
Borrowing8,1959,64310,37410,67512,15313,96016,32218,744
Other Liabilities4263765635547666835291,114
Total Liabilities9,48012,36613,63014,37616,61819,09323,22427,399
Fixed Assets42445355638092138
CWIP00000000
Investments15024497338459462513637
Other Assets9,28912,29813,08013,98216,09518,55122,61826,624
Total Assets9,48012,36613,63014,37616,61819,09323,22427,399
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-2,554-1,785-1,202-907-1,156-2,550-3,027-2,808
Cash from Investing Activity-49-1,495-480823-477723160309
Cash from Financing Activity3,3563,7017012751,4631,7783,3892,336
Net Cash Flow754422-981191-169-49522-164
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%
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %20%12%14%15%16%18%17%16%
Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters76.48%75.89%75.74%75.61%75.50%75.32%75.19%64.90%64.66%
FIIs4.18%4.32%4.30%5.32%5.58%6.11%6.19%6.13%5.80%
DIIs8.50%9.46%9.27%8.58%8.43%8.25%8.45%9.15%9.92%
Public10.86%10.33%10.69%10.51%10.48%10.33%10.17%19.83%19.61%
No. of Shareholders2,39,6962,20,3382,19,6262,09,3692,02,7391,97,8941,94,1431,84,7721,62,826

Fundamentals

Market Cap₹ 18,960 Cr.
Current Price₹ 432
Stock P/E16.4
Book Value₹ 173
ROCE11.4 %
ROE15.9 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)18%
Compounded Profit Growth (TTM)22%
Consolidated figures.
Valuation
Market capRs 17,701 Cr
Enterprise valueRs 30,387 Cr
P/E (TTM)15.51x
Price to book3.98x
Price to sales4.64x
EV / EBITDA10.45x
EV / EBIT10.58x
EV / sales7.96x
Earnings yield6.45%
Profitability
Operating margin (excl. other income)76.06%
Operating margin (incl. other income)76.05%
EBITDA margin76.16%
Pre-tax margin38.36%
Net profit margin29.89%
Net margin, latest quarter28.44%
ROE18.40%
ROCE11.36%
ROA4.20%
ROE, 3-year average16.52%
ROCE, 3-year average10.44%
ROA, 3-year average3.63%
ROE, 5-year average14.97%
ROCE, 5-year average10.20%
ROA, 5-year average3.05%
ROIC (approx.)13.10%
Tax rate21.88%
Other income / net worth-0.00%
Growth
Sales growth (latest year)26.60%
Profit growth (latest year)37.61%
Sales CAGR, 3 years17.98%
Sales CAGR, 5 years15.37%
Profit CAGR, 3 years30.14%
Profit CAGR, 5 years35.87%
Sales growth QoQ0.85%
Profit growth QoQ-9.19%
Sales growth YoY (latest quarter)17.06%
Profit growth YoY (latest quarter)19.00%
Per share
EPS (TTM)Rs 28.90
EPS (latest year)Rs 18.99
EPS (latest quarter)Rs 7.15
EPS, 3-year averageRs 14.69
EPS, 5-year averageRs 20.13
Book value per shareRs 112.72
Sales per shareRs 96.70
Cash flow per shareRs -64.60
Free cash flow per shareRs -71.61
Efficiency
Asset turnover0.14x
Fixed asset turnover32.41x
Debtor days3 days
Debtors turnover132.45x
Leverage
Total debtRs 13,960 Cr
Cash and bankRs 1,273 Cr
Net debtRs 12,686 Cr
Debt to equity3.14x
Net debt / EBITDA4.36x
Interest coverage2.04x
Owners' fund to total sources23.31%
Debt to assets73.12%
Cash flow
Cash from Operating Activity (latest year)Rs -2,550 Cr
Cash from Investing Activity (latest year)Rs 723 Cr
Cash from Financing Activity (latest year)Rs 1,778 Cr
Net Cash Flow (latest year)Rs -49 Cr
Free cash flow (latest year)Rs -2,827 Cr
FCFE (approx.: FCF + change in debt)Rs -1,021 Cr
Cash from ops / profit, 5 years-2.79x
Statement figures
Net sales (TTM)Rs 3,817 Cr
Net sales (latest year)Rs 2,587 Cr
Sales (latest quarter)Rs 993 Cr
Operating profit excl. other income (latest year)Rs 1,967 Cr
Operating profit (latest quarter)Rs 745 Cr
Other income (TTM)Rs -0 Cr
EBITDA (TTM)Rs 2,907 Cr
PBDT (TTM)Rs 1,498 Cr
Profit before tax (TTM)Rs 1,464 Cr
Tax (latest year)Rs 210 Cr
Net profit (TTM)Rs 1,141 Cr
Net profit (latest year)Rs 750 Cr
Net profit (latest quarter)Rs 282 Cr
Depreciation (TTM)Rs 34 Cr
Depreciation (latest quarter)Rs 9 Cr
Interest (TTM)Rs 1,409 Cr
Cost of goods sold (latest year)Rs 37 Cr
Total expenditure (latest year)Rs 619 Cr
Total income (latest year)Rs 2,587 Cr
Share capitalRs 395 Cr
ReservesRs 4,055 Cr
Shareholders' fundsRs 4,450 Cr
Total assetsRs 19,093 Cr
Net blockRs 80 Cr
InvestmentsRs 462 Cr
ReceivablesRs 20 Cr
Other liabilitiesRs 683 Cr
Shares outstanding (crore)39.48
Ownership
Promoter holding64.66% (-10.84 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 15.5 is at the 3th percentile of its own 2.5-year range (median 19.6, low 15.1, high 41.6).
P/B 3.98 is at the 3th percentile (median 5.14).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodAADHARHFCNifty 50Difference
1 week+0.4%-2.8% +3.2 pts
1 month-5.9%-6.8% +0.9 pts
3 months-19.3%-7.6% -11.7 pts
6 months-0.1%+0.4% -0.5 pts
1 year-14.9%-9.9% -5.0 pts
2 years-10.1%-13.6% +3.4 pts
76 mutual fund schemes hold about ₹1,664 Cr. Over three months 66 bought more and 8 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HDFC Small Cap Fund0.63%264 +9%
HDFC Multi Cap Fund0.79%164 +30%
Invesco India Contra Fund0.71%146 +9%
DSP Small Cap Fund0.59%128 +193%
WOC Flexi Cap Fund1.20%109 +17%
Axis Small Cap Fund0.29%91 +49%
ICICI Pru Banking & Fin Serv Fund0.73%83 +12%
ICICI Pru Banking & Fin Serv Fund0.73%82 +12%
DSP Banking & Financial Services Fund3.34%73 +40%
WOC Mid Cap Fund0.84%63 +8%
HDFC Business Cycle Fund2.23%62 +10%
WOC Multi Cap Fund1.23%51 +10%
Franklin India Large & Mid Cap Fund1.26%46 -6%
Tata Banking & Financial Services Fund0.85%28 +100%
Invesco India Financial Services Fund1.28%24 +7%
WOC Multi Asset Allocation Fund0.20%18 -0%
Motilal Oswal Innovation Opportunities Fund2.54%18 +100%
Canara Rob Flexi Cap Fund0.12%16 +100%
Tata Multicap Fund0.45%16 +100%
Canara Rob Banking & Financial Services Fund2.44%16 +17%
ICICI Pru Housing Opp Fund0.57%15 +10%
Axis Multi Asset Allocation Fund(M0.57%15 +40%
Edelweiss Aggressive Hybrid Fund0.37%15 +47%
WOC Balanced Advantage Fund0.51%12 +8%
ICICI Pru Quality Fund0.50%11 +27%

Red flags

F-score 6 of 8
explainWeak cash conversion Cash from operations was -265% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 17% of total assets in 2026
lookAuditor change Auditor change 2026-08-07: Aadhar Housing Finance Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2026-02-26BCP Topco VII Pte. Ltd.Promotersother326,191,357Rs 13863.13 CrOff Market
2024-09-12Sanjay Moolchandani-other4,000Rs 0.18 CrRevokation of Pledge
2024-09-12Sanjay Moolchandani-sell4,000Rs 0.18 CrMarket Sale
2024-09-12Rakesh Chaturvedi-sell3,000Rs 0.14 CrMarket Sale
2024-09-11Rakesh Chaturvedi-sell1,000Rs 0.04 CrMarket Sale
2024-09-10R Anil Kumar Nair-other20,000Rs 0.86 CrPledge Creation
2024-09-10Anmol Gupta-other11,500Rs 0.50 CrRevokation of Pledge
2024-09-10Sreekanth V N-other9,548Rs 0.41 CrRevokation of Pledge
2024-09-10Sreekanth V N-other15,000Rs 0.64 CrRevokation of Pledge
2024-09-09Rakesh Chaturvedi-other10,000Rs 0.43 CrRevokation of Pledge
2024-09-09Rakesh Chaturvedi-other10,000Rs 0.43 CrPledge Creation
2024-09-09Jasmine Misquitta-other4,232Rs 0.17 CrPledge Creation
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Revenue ₹993 Cr +17.1% vs Jun 2025. Net profit ₹282 Cr +19.0%.

Activity

Compare
CompanyMcap (Cr)P/EROCE
Bajaj Housing Finance Ltd67,70925.08.85 %
Piramal Finance Ltd50,3431126.47 %
LIC Housing Finance Ltd30,1715.268.59 %
PNB Housing Finance Ltd28,64112.29.44 %
Sammaan Capital Ltd15,8534.92 %
Aptus Value Housing Finance India Ltd11,68611.915.4 %
Home First Finance Company India Ltd11,44319.711.1 %
AAVAS Financiers Ltd9,89914.49.92 %
Can Fin Homes Ltd9,7438.629.14 %
India Shelter Finance Corporation Ltd6,98613.212.9 %
Repco Home Finance Ltd2,1614.4910.1 %
GIC Housing Finance Ltd7234.607.71 %
SRG Housing Finance Ltd2216.4611.8 %
Reliance Home Finance Ltd76-432 %
Ind Bank Housing Ltd5113.0-1.11 %
No bulk or block deals on record.
No corporate actions on record.
DateTypeWhat it says
2026-09-22Credit Rating- RevisionChange in the Credit Rating of the Company.
2026-09-21AppointmentAppointment of Mr Nikhil Goyal as Non- Executive (Nominee) Director of the company w.e.f. August 12, 2026.
2026-09-21Shareholder meetingVoting results.
2026-09-18General UpdatesESG Rating
2026-09-17AllotmentAllotment of 186440 securities pursuant to ESOP/ESPS at its meeting held on September 17, 2026
2026-09-16Concall / analyst meetCancellation of participation in the Investor Meeting
2026-09-15Concall / analyst meetSchedule of meet
2026-09-03General UpdatesDisclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI Listing Regulations ) ESG Rati...
2026-08-28Credit Rating- RevisionChange in the Credit Rating of the Company
2026-08-26ESOPAllotment of 469259 Equity Shares pursuant to exercise of ESOPs.
2026-08-20Shareholder meetingNotice of Postal Ballot
2026-08-20Concall / analyst meetSchedule of meet
2026-08-14ESOPAllotment of 400341 Equity Shares pursuant to exercise of ESOPs.
2026-08-12AppointmentAppointment of Mr Nikhil Goyal as Additional Director of the company w.e.f. August 12, 2026.
2026-08-11General UpdatesDisclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI Listing Regulations ) ESG Rati...
2026-08-07Change in AuditorsChange in Auditors of the company.
2026-08-07Shareholder meetingVoting results.
2026-08-06Shareholder meetingProceedings of the 36th Annual General Meeting held on August 06, 2026
2026-08-06General UpdatesDisclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI Listing Regulations ) ESG Rati...
2026-08-04Concall / analyst meetTranscript
2026-07-31Concall / analyst meetAudio recording of Earnings conference call for the quarter ended 30th June 2026
2026-07-31Concall / analyst meetPresentation
2026-07-31Press ReleaseA press release dated July 31, 2026, titled "Press Release for Q1 FY27 Financial Results".
2026-07-31Board meeting outcomeAadhar Housing Finance Limited has submitted to the Exchange, the Financial Results for the quarter ended June 30, 2026.
2026-07-27Concall / analyst meetSchedule of meet
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Aadhar Housing Finance Ltd?

Aadhar Housing Finance Ltd (AADHARHFC) has a market capitalisation of Rs 18,960 Cr. at the 2026-10-01 close.

What is the P/E ratio of Aadhar Housing Finance Ltd?

Aadhar Housing Finance Ltd trades at a P/E of 16.4 on trailing twelve-month profit, at the 2026-10-01 close.

What were Aadhar Housing Finance Ltd's latest quarterly results?

In the Jun 2026 quarter, Aadhar Housing Finance Ltd revenue was Rs 993 Cr (+17.1% vs Jun 2025) and net profit was Rs 282 Cr.

What is the 52-week high and low of Aadhar Housing Finance Ltd?

The 52-week high is Rs 563.00 and the 52-week low is Rs 427.30.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03