Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 497 | 508 | 546 | 542 | 579 | 597 | 636 | 628 | 667 | 674 | 715 | 709 |
| Interest | 204 | 217 | 222 | 235 | 249 | 259 | 265 | 271 | 276 | 274 | 273 | 293 |
| Expenses | 130 | 134 | 139 | 138 | 133 | 142 | 170 | 168 | 170 | 170 | 199 | 185 |
| Financing Profit | 163 | 157 | 186 | 169 | 198 | 196 | 202 | 188 | 222 | 230 | 243 | 231 |
| Financing Margin % | 33% | 31% | 34% | 31% | 34% | 33% | 32% | 30% | 33% | 34% | 34% | 33% |
| Other Income | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 8 | 9 | 9 | 9 | 9 | 9 | 10 | 9 | 11 | 11 | 12 | 11 |
| Profit before tax | 157 | 150 | 177 | 161 | 190 | 188 | 193 | 179 | 211 | 219 | 231 | 220 |
| Tax % | 22% | 22% | 20% | 22% | 22% | 22% | 20% | 22% | 22% | 22% | 21% | 22% |
| Net Profit | 122 | 117 | 143 | 126 | 148 | 146 | 154 | 139 | 164 | 170 | 182 | 171 |
| EPS in Rs | 15.38 | 14.74 | 18.02 | 15.93 | 18.69 | 18.50 | 19.42 | 17.59 | 20.71 | 21.48 | 22.91 | 21.60 |
| Gross NPA % | 1.04% | 1.09% | 0.94% | 1.01% | 1.08% | 1.14% | 1.08% | 1.22% | 1.24% | 1.19% | 1.05% | 1.11% |
| Net NPA % | 0.76% | 0.79% | 0.67% | 0.72% | 0.78% | 0.81% | 0.73% | 0.84% | 0.85% | 0.79% | 0.68% | 0.71% |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 191 | 305 | 494 | 710 | 902 | 1,103 | 1,304 | 1,608 | 2,018 | 2,355 | 2,683 | 2,765 |
| Interest | 97 | 143 | 193 | 255 | 356 | 458 | 478 | 591 | 828 | 1,007 | 1,095 | 1,116 |
| Expenses | 43 | 72 | 161 | 188 | 225 | 273 | 349 | 441 | 535 | 582 | 706 | 724 |
| Financing Profit | 51 | 90 | 139 | 266 | 321 | 372 | 477 | 576 | 654 | 765 | 882 | 925 |
| Financing Margin % | 27% | 29% | 28% | 38% | 36% | 34% | 37% | 36% | 32% | 32% | 33% | 33% |
| Other Income | 0 | 0 | 1 | 1 | 1 | 2 | 1 | 2 | 3 | 4 | 1 | 1 |
| Depreciation | 1 | 3 | 6 | 10 | 20 | 21 | 24 | 29 | 33 | 36 | 43 | 45 |
| Profit before tax | 50 | 88 | 134 | 258 | 302 | 353 | 455 | 549 | 624 | 733 | 840 | 881 |
| Tax % | 34% | 35% | 31% | 32% | 18% | 18% | 22% | 22% | 21% | 22% | 22% | |
| Net Profit | 33 | 57 | 93 | 176 | 249 | 290 | 357 | 430 | 491 | 574 | 655 | 687 |
| EPS in Rs | 8.54 | 9.82 | 13.46 | 22.52 | 31.81 | 36.88 | 45.20 | 54.40 | 62.00 | 72.53 | 82.60 | 86.70 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 30% | 19% | 19% | 13% | ||
| Compounded Profit Growth | 35% | 18% | 15% | 17% | ||
| Stock Price CAGR | % | -13% | -10% | -24% | ||
| Return on Equity | 14% | 14% | 14% | 14% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 | 169 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 2 | 20 | 11 | 10 | 9 |
| 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 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -591 | -591 | -933 | -1,276 | -1,172 | -1,071 | -1,136 | -1,920 | -2,001 | -1,660 | -1,386 | |
| Cash from Investing Activity | -1 | -15 | -218 | -327 | -342 | -265 | -467 | 196 | -646 | 176 | -117 | |
| Cash from Financing Activity | 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% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 24% | 21% | 15% | 11% | 12% | 13% | 13% | 14% | 14% | 14% | 14% | 14% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 39.11% | 39.10% | 26.47% | 26.47% | 26.47% | 26.47% | 26.47% | 48.96% | 48.96% | 48.95% | 48.88% | 48.88% |
| FIIs | 35.49% | 32.32% | 34.80% | 35.88% | 35.50% | 33.97% | 29.67% | 29.77% | 25.88% | 24.72% | 16.74% | 16.28% |
| DIIs | 14.13% | 15.29% | 23.99% | 24.39% | 25.55% | 25.69% | 10.75% | 11.52% | 14.13% | 14.30% | 22.14% | 22.15% |
| Public | 11.24% | 13.29% | 14.76% | 13.26% | 12.49% | 13.87% | 33.11% | 9.75% | 11.02% | 12.04% | 12.24% | 12.69% |
| No. of Shareholders | 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 | 1,13,498 |
Fundamentals
Market Cap₹ 9,899 Cr.
Current Price₹ 1,248
Stock P/E14.4
Book Value₹ 637
ROCE9.92 %
ROE13.9 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)13%
Compounded Profit Growth (TTM)17%
Standalone figures.
Valuation
Market capRs 9,442 Cr
Enterprise valueRs 23,284 Cr
P/E (TTM)13.75x
Price to book1.87x
Price to sales3.42x
EV / EBITDA11.40x
EV / EBIT11.66x
EV / sales8.42x
Earnings yield7.28%
P/E, 3-year average21.00x
P/B, 3-year average2.74x
P/E, 5-year average29.89x
P/B, 5-year average3.87x
Profitability
Operating margin (excl. other income)73.67%
Operating margin (incl. other income)73.73%
EBITDA margin73.87%
Pre-tax margin31.88%
Net profit margin24.85%
Net margin, latest quarter24.17%
ROE13.92%
ROCE9.92%
ROA3.29%
ROE, 3-year average13.99%
ROCE, 3-year average9.97%
ROA, 3-year average3.28%
ROE, 5-year average13.96%
ROCE, 5-year average9.79%
ROA, 5-year average3.39%
ROIC (approx.)8.24%
Tax rate22.08%
Other income / net worth0.03%
Growth
Sales growth (latest year)13.97%
Profit growth (latest year)14.07%
Sales CAGR, 3 years18.61%
Sales CAGR, 5 years19.46%
Profit CAGR, 3 years15.05%
Profit CAGR, 5 years17.73%
Sales growth QoQ-0.83%
Profit growth QoQ-5.72%
Sales growth YoY (latest quarter)12.93%
Profit growth YoY (latest quarter)23.01%
Per share
EPS (TTM)Rs 86.64
EPS (latest year)Rs 82.60
EPS (latest quarter)Rs 21.60
EPS, 3-year averageRs 72.38
EPS, 5-year averageRs 63.35
Book value per shareRs 637.07
Sales per shareRs 348.70
Cash flow per shareRs -174.87
Free cash flow per shareRs -178.85
Efficiency
Asset turnover0.13x
Fixed asset turnover15.90x
Debtor days2 days
Debtors turnover180.22x
Leverage
Total debtRs 15,686 Cr
Cash and bankRs 1,843 Cr
Net debtRs 13,842 Cr
Debt to equity3.11x
Net debt / EBITDA6.78x
Interest coverage1.79x
Owners' fund to total sources23.81%
Debt to assets73.94%
Cash flow
Cash from Operating Activity (latest year)Rs -1,386 Cr
Cash from Investing Activity (latest year)Rs -117 Cr
Cash from Financing Activity (latest year)Rs 1,720 Cr
Net Cash Flow (latest year)Rs 217 Cr
Free cash flow (latest year)Rs -1,418 Cr
FCFE (approx.: FCF + change in debt)Rs 349 Cr
Cash from ops / profit, 5 years-3.23x
Statement figures
Net sales (TTM)Rs 2,765 Cr
Net sales (latest year)Rs 2,683 Cr
Sales (latest quarter)Rs 709 Cr
Operating profit excl. other income (latest year)Rs 1,977 Cr
Operating profit (latest quarter)Rs 523 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 2,042 Cr
PBDT (TTM)Rs 926 Cr
Profit before tax (TTM)Rs 881 Cr
Tax (latest year)Rs 186 Cr
Net profit (TTM)Rs 687 Cr
Net profit (latest year)Rs 655 Cr
Net profit (latest quarter)Rs 171 Cr
Depreciation (TTM)Rs 45 Cr
Depreciation (latest quarter)Rs 11 Cr
Interest (TTM)Rs 1,116 Cr
Cost of goods sold (latest year)Rs 78 Cr
Total expenditure (latest year)Rs 706 Cr
Total income (latest year)Rs 2,685 Cr
Share capitalRs 79 Cr
ReservesRs 4,972 Cr
Shareholders' fundsRs 5,051 Cr
Total assetsRs 21,212 Cr
Net blockRs 169 Cr
Capital work in progressRs 9 Cr
InvestmentsRs 271 Cr
ReceivablesRs 15 Cr
Other liabilitiesRs 476 Cr
Shares outstanding (crore)7.93
Ownership
Promoter holding48.88% (-0.08 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 13.8 is at the 1th percentile of its own 8.1-year range
(median 42.6, low 13.6, high 120.9).
P/B 1.87 is the lowest in 8.1 years (median 5.13).
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.
| Period | AAVAS | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -5.2% | -2.8% | -2.4 pts |
| 1 month | -4.6% | -6.8% | +2.2 pts |
| 3 months | -20.9% | -7.6% | -13.3 pts |
| 6 months | +10.5% | +0.4% | +10.1 pts |
| 1 year | -26.9% | -9.9% | -17.0 pts |
| 2 years | -37.3% | -13.6% | -23.7 pts |
| 3 years | -31.5% | +14.2% | -45.7 pts |
| 5 years | -53.4% | +27.9% | -81.3 pts |
80 mutual fund schemes hold about ₹2,062 Cr.
Over three months 14 bought more and 13 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| HDFC Balanced Advantage Fund | 0.24% | 253 | +4% |
| UTI Flexi Cap Fund | 0.67% | 161 | -1% |
| Nippon India Small Cap Fund | 0.19% | 160 | -0% |
| ICICI Pru Banking & Fin Serv Fund | 1.31% | 148 | +2% |
| ICICI Pru Banking & Fin Serv Fund | 1.31% | 147 | +2% |
| SBI Banking & Financial Services Fund | 1.03% | 112 | +19% |
| ICICI Pru Small Cap Fund | 1.10% | 108 | +0% |
| ICICI Pru Small Cap Fund | 1.10% | 105 | +0% |
| Sundaram Services Fund | 1.62% | 85 | +5% |
| Sundaram Services Fund | 1.62% | 83 | +5% |
| SBI ELSS Tax Saver Fund | 0.26% | 81 | +4% |
| ICICI Pru Large & Mid Cap Fund | 0.22% | 73 | -20% |
| HDFC Value Fund | 0.80% | 66 | +0% |
| Sundaram Small Cap Fund | 1.46% | 61 | +8% |
| Nippon India Banking & Financial Services Fund | 0.64% | 50 | +3% |
| Sundaram Fin Serv Opp Fund | 2.72% | 47 | +2% |
| UTI Small Cap Fund | 0.85% | 45 | +0% |
| Sundaram Business Cycle Fund | 2.27% | 40 | -1% |
| Sundaram Multi Cap Fund | 0.97% | 30 | +40% |
| UTI Banking and Financial Services Fund | 1.69% | 25 | +3% |
| HDFC Infrastructure Fund | 0.97% | 23 | +10% |
| UTI ULIP 10Y | 0.28% | 14 | +3% |
| ICICI Pru Housing Opp Fund | 0.51% | 14 | +11% |
| LIC MF Small Cap Fund | 1.62% | 13 | +103% |
| Bandhan Financial Services Fund | 1.21% | 13 | +12% |
Red flags
F-score 5 of 8| explain | Weak cash conversion Cash from operations was -293% of net profit over the last 3 years |
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.
Latest quarter
Jun 2026Revenue ₹709 Cr +12.9% vs Jun 2025.
Net profit ₹171 Cr +23.0%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Bajaj Housing Finance Ltd | 67,709 | 25.0 | 8.85 % |
| Piramal Finance Ltd | 50,343 | 112 | 6.47 % |
| LIC Housing Finance Ltd | 30,171 | 5.26 | 8.59 % |
| PNB Housing Finance Ltd | 28,641 | 12.2 | 9.44 % |
| Aadhar Housing Finance Ltd | 18,960 | 16.4 | 11.4 % |
| Sammaan Capital Ltd | 15,853 | 4.92 % | |
| Aptus Value Housing Finance India Ltd | 11,686 | 11.9 | 15.4 % |
| Home First Finance Company India Ltd | 11,443 | 19.7 | 11.1 % |
| Can Fin Homes Ltd | 9,743 | 8.62 | 9.14 % |
| India Shelter Finance Corporation Ltd | 6,986 | 13.2 | 12.9 % |
| Repco Home Finance Ltd | 2,161 | 4.49 | 10.1 % |
| GIC Housing Finance Ltd | 723 | 4.60 | 7.71 % |
| SRG Housing Finance Ltd | 221 | 6.46 | 11.8 % |
| Reliance Home Finance Ltd | 76 | -432 % | |
| Ind Bank Housing Ltd | 51 | 13.0 | -1.11 % |
No bulk or block deals on record.
No corporate actions on record.
| Date | Type | What it says |
|---|---|---|
| 2026-10-01 | Shareholder meeting | Notice of Postal Ballot and e-voting information |
| 2026-09-30 | General Updates | Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Int... |
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.