Market Cap ₹12662 Cr.
Stock P/E 25.8
P/B 3.4
Current Price ₹1600
Book Value ₹ 476.8
Face Value 10
52W High ₹1815
Dividend Yield 0%
52W Low ₹ 1307.1
Aavas Financiers Ltd offers housing loans to customers belonging to low- and middle-income self-employed and salaried customers in semi-urban and rural areas in India. The organization offers domestic loans for studios, houses, and bungalows, as well as resale properties; land purchase and construction loans, including finance for self-construction of residential house; and home improvement loans, which include loans for tiling or flooring, plaster, painting, and many others. It additionally presents domestic equity loans; and micro, small, and medium business enterprise loans for business expansion, purchase of equipment, working capital, and so forth., as well as emergency credit line guarantee scheme products, home loan balance transfer. As of March 31, 2021, it operated via 280 branches in 11 states, which include Rajasthan, Maharashtra, Gujarat, Madhya Pradesh, Haryana, Uttar Pradesh, Chhattisgarh, Delhi, Punjab, Uttarakhand, and Himachal Pradesh. The company was previously called AU Housing Finance Ltd and modified its name to Aavas Financiers Ltd in February 2017. Aavas Financiers Ltd was founded in 2011 and is based totally in Jaipur, India.
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Price falls below X
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| #(Fig in Cr.) | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Revenue | 343 | 365 | 353 | 395 | 411 | 450 | 467 | 497 | 508 | 546 |
| Other Income | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 1 | 1 |
| Total Income | 343 | 365 | 353 | 395 | 412 | 450 | 467 | 498 | 509 | 547 |
| Total Expenditure | 97 | 89 | 98 | 110 | 117 | 118 | 132 | 129 | 134 | 139 |
| Operating Profit | 246 | 277 | 255 | 285 | 295 | 332 | 335 | 369 | 375 | 408 |
| Interest Expense | 125 | 124 | 135 | 141 | 150 | 165 | 187 | 204 | 217 | 222 |
| Depreciation | 6 | 7 | 6 | 7 | 7 | 9 | 7 | 8 | 9 | 9 |
| Profit Before Tax | 115 | 146 | 114 | 138 | 138 | 159 | 141 | 157 | 150 | 177 |
| Provision for Tax | 26 | 30 | 25 | 31 | 31 | 32 | 31 | 36 | 33 | 35 |
| Profit After Tax | 89 | 115 | 89 | 107 | 107 | 127 | 110 | 122 | 117 | 142 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 89 | 115 | 89 | 107 | 107 | 127 | 110 | 122 | 117 | 142 |
| Adjusted Earnings Per Share | 11.2 | 14.6 | 11.3 | 13.5 | 13.6 | 16 | 13.9 | 15.4 | 14.7 | 18 |
| #(Fig in Cr.) | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
|---|---|---|---|---|---|---|---|
| Operating Revenue | 494 | 710 | 903 | 1103 | 1304 | 1609 | 2018 |
| Other Income | 1 | 1 | 1 | 2 | 1 | 2 | 3 |
| Total Income | 494 | 711 | 903 | 1106 | 1306 | 1611 | 2021 |
| Total Expenditure | 161 | 187 | 225 | 273 | 350 | 441 | 534 |
| Operating Profit | 334 | 524 | 679 | 833 | 955 | 1170 | 1487 |
| Interest Expense | 194 | 256 | 357 | 460 | 479 | 593 | 830 |
| Depreciation | 6 | 10 | 20 | 21 | 24 | 29 | 33 |
| Profit Before Tax | 134 | 258 | 302 | 353 | 453 | 548 | 625 |
| Provision for Tax | 41 | 82 | 53 | 64 | 98 | 119 | 135 |
| Profit After Tax | 93 | 176 | 249 | 289 | 355 | 430 | 491 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 93 | 176 | 249 | 289 | 355 | 430 | 491 |
| Adjusted Earnings Per Share | 13.4 | 22.5 | 31.8 | 36.8 | 45 | 54.3 | 62 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 23% | 21% | 27% | 0% |
| Operating Profit CAGR | 23% | 20% | 28% | 0% |
| PAT CAGR | 21% | 20% | 36% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 8% | -10% | 3% | NA% |
| ROE Average | 14% | 14% | 13% | 12% |
| ROCE Average | 10% | 10% | 10% | 10% |
| #(Fig in Cr.) | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|
| Shareholder's Funds | 1190 | 1837 | 2098 | 2401 | 2806 | 3270 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 2193 | 2577 | 4234 | 4383 | 5693 | 7152 |
| Current Liability | 642 | 1165 | 1284 | 2119 | 2450 | 2897 |
| Other Liabilities & Provisions | 15 | 48 | 41 | 56 | 68 | 92 |
| Total Liabilities | 4040 | 5627 | 7657 | 8959 | 11017 | 13410 |
| Loans | 3333 | 4724 | 6181 | 7523 | 9053 | 11476 |
| Investments | 0 | 0 | 0 | 0 | 53 | 111 |
| Fixed Assets | 18 | 23 | 60 | 58 | 66 | 78 |
| Other Loans | 1 | 5 | 3 | 3 | 4 | 5 |
| Other Non Current Assets | 0 | 0 | 1 | 0 | 2 | 20 |
| Current Assets | 687 | 874 | 1413 | 1374 | 1816 | 1706 |
| Total Assets | 4040 | 5627 | 7657 | 8959 | 11017 | 13410 |
| #(Fig in Cr.) | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 269 | 358 | 160 | 351 | 22 | 48 |
| Cash Flow from Operating Activities | -933 | -1276 | -1172 | -1071 | -1135 | -1915 |
| Cash Flow from Investing Activities | -218 | -327 | -342 | -265 | -463 | 186 |
| Cash Flow from Financing Activities | 1240 | 1404 | 1705 | 1008 | 1623 | 1858 |
| Net Cash Inflow / Outflow | 90 | -198 | 191 | -328 | 26 | 130 |
| Closing Cash & Cash Equivalent | 358 | 160 | 351 | 22 | 48 | 178 |
| # | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 13.45 | 22.54 | 31.8 | 36.8 | 45 | 54.35 |
| CEPS(Rs) | 14.26 | 23.78 | 34.29 | 39.43 | 48.01 | 57.98 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 167.23 | 234.24 | 266.36 | 303.51 | 351.59 | 407.99 |
| Net Profit Margin | 18.85 | 24.79 | 27.59 | 26.19 | 27.23 | 26.71 |
| Operating Margin | 66.47 | 72.39 | 73.02 | 73.61 | 71.43 | 70.95 |
| PBT Margin | 27.2 | 36.31 | 33.45 | 31.95 | 34.7 | 34.09 |
| ROA(%) | 2.3 | 3.64 | 3.75 | 3.48 | 3.56 | 3.52 |
| ROE(%) | 8.04 | 11.79 | 12.72 | 12.93 | 13.77 | 14.32 |
| ROCE(%) | 8.35 | 10.92 | 10.19 | 10.03 | 9.54 | 9.56 |
| Price/Earnings(x) | 0 | 51.51 | 37.28 | 65.73 | 57.02 | 29.55 |
| Price/Book(x) | 0 | 4.96 | 4.45 | 7.97 | 7.3 | 3.94 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 4.53 | 16.95 | 14.89 | 21.94 | 20.45 | 13.14 |
| EV/Core EBITDA(x) | 6.7 | 22.98 | 19.8 | 29.07 | 27.92 | 18.07 |
| Interest Earned Growth(%) | 0 | 43.89 | 27.09 | 22.25 | 18.23 | 23.33 |
| Net Profit Growth | 0 | 89.21 | 41.48 | 16.01 | 22.93 | 20.96 |
| EPS Growth(%) | 0 | 67.56 | 41.09 | 15.74 | 22.26 | 20.78 |
| Interest Coverage(x) % | 1.69 | 2.01 | 1.85 | 1.77 | 1.95 | 1.92 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 39.21 | 39.2 | 39.19 | 39.16 | 39.15 | 39.14 | 39.13 | 39.11 | 39.1 | 26.47 |
| FII | 40.05 | 39.91 | 39.03 | 37.63 | 37.87 | 38.78 | 34.96 | 35.45 | 32.32 | 34.79 |
| DII | 9.99 | 9.88 | 10.2 | 11.06 | 10.95 | 12.54 | 14.4 | 14.2 | 15.29 | 23.99 |
| Public | 10.75 | 11 | 11.57 | 12.15 | 12.02 | 9.53 | 11.51 | 11.24 | 13.28 | 14.75 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 3.09 | 3.09 | 3.09 | 3.09 | 3.09 | 3.09 | 3.09 | 3.09 | 3.09 | 2.09 |
| FII | 3.16 | 3.15 | 3.08 | 2.97 | 2.99 | 3.07 | 2.76 | 2.8 | 2.56 | 2.75 |
| DII | 0.79 | 0.78 | 0.81 | 0.87 | 0.87 | 0.99 | 1.14 | 1.12 | 1.21 | 1.9 |
| Public | 0.85 | 0.87 | 0.91 | 0.96 | 0.95 | 0.75 | 0.91 | 0.89 | 1.05 | 1.17 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7.89 | 7.89 | 7.9 | 7.9 | 7.9 | 7.91 | 7.91 | 7.91 | 7.91 | 7.91 |
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