MarketFriction

SRG Housing Finance Ltd

NSE SRGHFL · BSE 534680 · Housing Finance Company
₹135.77 -0.46%
NSE close2026-10-01
52 week range118.60 - 335.00
Market cap₹221 Cr.
P/E6.46
ASM long-term Price band 5% Delivery 68.5%

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

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue30.2231.7436.1533.7736.0638.9442.7542.6247.8150.4557.2353.95
Interest13.1213.0713.6914.0314.9216.5116.6016.7518.1020.1122.6923.89
Expenses10.1910.8613.5511.5511.9614.8517.4216.6518.5219.2221.6218.90
Financing Profit6.917.818.918.199.187.588.739.2211.1911.1212.9211.16
Financing Margin %22.87%24.61%24.65%24.25%25.46%19.47%20.42%21.63%23.41%22.04%22.58%20.69%
Other Income0.980.470.410.210.781.300.740.070.640.800.100.08
Depreciation1.311.581.711.521.621.711.791.441.511.531.431.23
Profit before tax6.586.707.616.888.347.177.687.8510.3210.3911.5910.01
Tax %20.21%20.60%19.97%14.83%20.62%19.80%19.40%13.50%20.06%20.98%20.19%15.38%
Net Profit5.265.326.095.866.605.746.196.788.258.219.258.47
EPS in Rs4.054.094.584.344.624.013.954.325.265.235.895.39
Gross NPA %2.40%2.37%2.29%2.19%1.96%1.98%1.84%1.85%1.88%1.83%1.77%1.73%
Net NPA %0.56%0.62%0.69%0.67%0.59%0.61%0.61%0.62%0.64%0.68%0.65%0.63%
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue1015345873778094127155199209
Interest4611233031313751627885
Expenses3411151820223244567678
Financing Profit3411202526282432374646
Financing Margin %28%30%34%34%34%34%34%26%25%24%23%22%
Other Income000000000002
Depreciation000122236766
Profit before tax3411192224262126304042
Tax %32%33%27%25%20%21%20%19%19%19%19%
Net Profit238151819201721243234
EPS in Rs1.652.086.2211.2613.8214.4815.6313.1215.8315.5720.6921.77
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth35%21%29%31%
Compounded Profit Growth33%12%24%35%
Stock Price CAGR6%-4%-19%-51%
Return on Equity16%13%12%12%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital111113131313131313131616
Reserves352129446281101120146248281
Borrowing254175167255246286287357491584857
Other Liabilities12391010141817192121
Total Liabilities41591122183223313934185086708691,175
Fixed Assets0111243724272420
CWIP000000251000
Investments01001926271293673
Other Assets41581112163193173633784716358091,082
Total Assets41591122183223313934185086708691,175
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-10-13-24-90-6623-273-83-140-131-247
Cash from Investing Activity-0-20-1-1-9-19-69-1-31-39
Cash from Financing Activity916447489-940173139173273
Net Cash Flow-1220-16215-6-2-1-210-13
Free Cash Flow-10-14-25-91-6823-29-1-90-144-135-249
CFO/OP-187%-175%-229%-382%-140%52%-38%15%-127%-163%-126%-194%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %11%12%11%21%30%27%22%20%14%14%12%12%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters67.83%67.83%68.55%67.54%64.69%64.79%59.13%59.11%59.11%59.06%59.03%59.02%
FIIs0.15%0.01%0.01%0.00%0.00%0.00%0.00%0.01%0.00%0.00%0.00%0.00%
DIIs0.58%0.72%0.00%0.00%0.01%0.01%0.01%0.00%0.00%0.00%0.00%0.00%
Public31.44%31.44%31.43%32.45%35.28%35.19%40.86%40.88%40.89%40.93%40.97%40.98%
No. of Shareholders1,8122,3662,1702,2172,8152,8372,9272,6822,6182,5402,6242,650

Fundamentals

Market Cap₹ 221 Cr.
Current Price₹ 139
Stock P/E6.46
Book Value₹ 189
ROCE11.8 %
ROE11.6 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)31%
Compounded Profit Growth (TTM)35%
Standalone figures.
Valuation
Market capRs 216 Cr
Enterprise valueRs 1,055 Cr
P/E (TTM)6.33x
Price to book0.73x
Price to sales1.03x
EV / EBITDA7.94x
EV / EBIT8.30x
EV / sales5.04x
Earnings yield15.81%
P/E, 3-year average18.83x
P/B, 3-year average2.07x
P/E, 5-year average14.23x
P/B, 5-year average1.76x
Profitability
Operating margin (excl. other income)61.90%
Operating margin (incl. other income)62.06%
EBITDA margin63.41%
Pre-tax margin20.20%
Net profit margin16.32%
Net margin, latest quarter15.70%
ROE11.59%
ROCE11.77%
ROA3.18%
ROE, 3-year average12.49%
ROCE, 3-year average12.51%
ROA, 3-year average3.31%
ROE, 5-year average14.18%
ROCE, 5-year average13.00%
ROA, 5-year average3.72%
ROIC (approx.)9.06%
Tax rate19.08%
Other income / net worth0.11%
Growth
Sales growth (latest year)29.00%
Profit growth (latest year)33.16%
Sales CAGR, 3 years28.70%
Sales CAGR, 5 years21.08%
Profit CAGR, 3 years23.95%
Profit CAGR, 5 years11.53%
Sales growth QoQ-5.73%
Profit growth QoQ-8.43%
Sales growth YoY (latest quarter)26.58%
Profit growth YoY (latest quarter)24.93%
Per share
EPS (TTM)Rs 21.46
EPS (latest quarter)Rs 5.32
EPS, 3-year averageRs 15.70
EPS, 5-year averageRs 15.04
Book value per shareRs 186.41
Sales per shareRs 131.49
Cash flow per shareRs -155.31
Free cash flow per shareRs -156.33
Efficiency
Asset turnover0.17x
Fixed asset turnover9.94x
Leverage
Total debtRs 857 Cr
Cash and bankRs 18 Cr
Net debtRs 839 Cr
Debt to equity2.89x
Net debt / EBITDA6.32x
Interest coverage1.50x
Owners' fund to total sources25.27%
Debt to assets72.94%
Cash flow
Cash from Operating Activity (latest year)Rs -247 Cr
Cash from Investing Activity (latest year)Rs -39 Cr
Cash from Financing Activity (latest year)Rs 273 Cr
Net Cash Flow (latest year)Rs -13 Cr
Free cash flow (latest year)Rs -249 Cr
FCFE (approx.: FCF + change in debt)Rs 24 Cr
Cash from ops / profit, 5 years-5.25x
Statement figures
Net sales (TTM)Rs 209 Cr
Net sales (latest year)Rs 199 Cr
Sales (latest quarter)Rs 54 Cr
Operating profit excl. other income (latest year)Rs 123 Cr
Operating profit (latest quarter)Rs 35 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 133 Cr
PBDT (TTM)Rs 48 Cr
Profit before tax (TTM)Rs 42 Cr
Tax (latest year)Rs 8 Cr
Net profit (TTM)Rs 34 Cr
Net profit (latest year)Rs 32 Cr
Net profit (latest quarter)Rs 8 Cr
Depreciation (TTM)Rs 6 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 85 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total expenditure (latest year)Rs 76 Cr
Total income (latest year)Rs 200 Cr
Share capitalRs 16 Cr
ReservesRs 281 Cr
Shareholders' fundsRs 297 Cr
Total assetsRs 1,175 Cr
Net blockRs 20 Cr
InvestmentsRs 73 Cr
Other liabilitiesRs 21 Cr
Shares outstanding (crore)1.59
Ownership
Promoter holding59.02% (-0.09 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 6.2 is at the 3th percentile of its own 9.4-year range (median 16.8, low 4.8, high 193.7).
P/B 0.72 is the lowest in 9.4 years (median 2.92).
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.
PeriodSRGHFLNifty 50Difference
1 week-12.1%-2.8% -9.3 pts
1 month-46.9%-6.8% -40.1 pts
3 months-55.8%-7.6% -48.2 pts
6 months-44.0%+0.4% -44.4 pts
1 year-53.7%-9.9% -43.7 pts
2 years-63.2%-13.6% -49.6 pts
3 years-48.0%+14.2% -62.1 pts
5 years-18.4%+27.9% -46.3 pts

Red flags

F-score 2 of 8
explainWeak cash conversion Cash from operations was -666% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 24% of total assets in 2026
lookOn NSE surveillance On NSE surveillance: ASM long-term
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 2026
Revenue ₹54 Cr +26.6% vs Jun 2025. Net profit ₹8 Cr +24.9%.

Activity

Compare
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PNB Housing Finance Ltd28,64112.29.44 %
Aadhar Housing Finance Ltd18,96016.411.4 %
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 %
Reliance Home Finance Ltd76-432 %
Ind Bank Housing Ltd5113.0-1.11 %
No bulk or block deals on record.
Ex-dateActionFactor
2024-07-26Annual General Meeting
DateTypeWhat it says
2026-09-29Shareholder meetingVoting results.
2026-09-28Shareholder meetingProceedings of Annual General Meeting held on September 28, 2026
2026-09-19Concall / analyst meetTranscript
2026-09-16Concall / analyst meetLink of Recording
2026-09-15Concall / analyst meetSchedule of meet
2026-09-11Credit RatingCredit Rating
2026-09-10Rumour Verification - RegulaRumour Verification - Regulation 30(11)
2026-09-01Shareholder meetingNotice of Annual General Meeting to be held on September 28, 2026 along with Annual Report For The Financial Year 2025-26.
2026-08-21General UpdatesGeneral Updates Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
2026-08-11Investor PresentationInvestor Presentation
2026-08-05Board meeting outcomeSRG Housing Finance Limited has submitted to the Exchange, the Un-audited financial results for the period ended Jun 30, 2026.
2026-07-07Investor PresentationInvestor Presentation
2026-07-01ESOPAllotment of 1350 Shares.
2026-06-19Disclosure under SEBI TakeovVinod Kumar Jain has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial ...
2026-06-18Reply to Clarification- FinaThe Exchange had sought clarification from SRG Housing Finance Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (Li...
2026-05-29Shareholder meetingSRG Housing Finance Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot along with Voting Results.
2026-05-19Clarification - Financial ReThe Exchange has sought clarification from SRG Housing Finance Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (Li...
2026-05-16Concall / analyst meetTranscript
2026-05-12Concall / analyst meetLink of Audio Recording of of Q4 FY26 Earnings Conference Call held on 12-05-2026
2026-05-12ESOPAllotment of 4400 Shares.
2026-05-12Investor PresentationInvestor Presentation
2026-05-11Press ReleaseA press release dated May 11, 2026, titled "Press Release on Financial Results for the quarter and year ended 31.03.2026".
2026-05-11Board meeting outcomeSRG Housing Finance Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-08Credit Rating- NewCredit Rating
2026-05-06Concall / analyst meetSchedule of meet Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Schedule III of t...
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.
Long Term Additional Surveillance Measure (Long Term ASM): stage 1
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03