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Aadhar Housing Finance

AADHARHFC NSE
₹431.20 +9.95 (+2.36%)
P/E
16.44
View as Markdown
MCP
Close 4 Nov 2026 ₹431.20 −68.25 −13.7% 1Y
Start ₹499.45

Key Fundamentals

SmallcapFinanceFinancial Services

Price-based figures as of · EPS basis: Consolidated · TTM

Debt to Equity
2.49
EPS (TTM)
₹26.23
Book Value
₹171.21
Market Cap
—
P/E (TTM)
16.44
P/B
2.52
ROE
15.90%
Dividend Yield
0.00%
52W High
₹563.00
52W Low
₹416.05
Day Range
₹420.00 – ₹433.95
Volume
8,15,493
ROCE
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
EBITDA
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet

Peer Comparison

Financial Services › Housing Finance › Housing Finance Company

Aadhar Housing Finance peer comparison
Bajaj Housing Finance
₹81.4225.21₹65,542 Cr2.820.00%12.10%—₹11,604 Cr₹2,692 Cr
Piramal Finance
₹1,946.20—₹45,625 Cr1.490.58%0.86%6.47%₹13,357 Cr₹1,909 Cr
LIC Housing Finance
₹520.004.98₹28,072 Cr0.651.98%14.40%—₹28,562 Cr₹5,739 Cr
PNB Housing Finance
₹1,082.0011.99₹28,029 Cr1.390.75%12.90%—₹8,700 Cr₹2,350 Cr
Aadhar Housing Finance (this company)
₹431.2016.44₹18,689 Cr2.520.00%15.90%—₹3,817 Cr₹1,140 Cr
Sammaan Capital
₹125.98—₹14,065 Cr0.821.67%−3.21%—₹7,418 Cr−₹7,236 Cr
Home First Finance Company
₹1,082.3019.38₹11,147 Cr2.430.49%15.70%—₹1,999 Cr₹581 Cr
Median 7 companies₹520.0016.44₹28,029 Cr1.490.58%12.90%6.47%₹8,700 Cr₹1,909 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

42 Weak

Data confidence 94/100

Category scores

Quality
35
Poor
Returns, margins, earnings quality 22% weight
Valuation
42
Weak
Cheap vs sector & own history 24% weight
Growth
61
Good
Sales & profit trajectory 9% weight
Financial Health
42
Weak
Solvency, leverage, coverage 9% weight
Momentum
15
Poor
Trend strength, vol-adjusted 12% weight
Ownership
49
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company has delivered good profit growth of 26.6% CAGR over last 5 years

Weaknesses

2
  • Stock is trading at 2.58 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1261
OscillatorsBearish261
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
43.52
Neutral
MACD (12,26,9)
−7.94
Bearish
SMA (50)
453.35
Bearish
SMA (200)
476.74
Bearish

As of

Analyst Rating

Based on 14 analysts
BUY100%

14 of 14 analysts rate Buy, 0 Hold, 0 Sell.

As of

BUY
14
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
5Y+18.52%
3Y+21.71%
1Y+18.46%
TTM+17.73%

Net profit

Net profit growth by window
5Y+26.38%
3Y+26.22%
1Y+20.18%
TTM+20.13%

Operating cash flow

Not meaningful

A bank's or NBFC's operating cash flow moves with deposits and loans, so its growth says little about the business.

Revenue by year

Revenue by year, ₹ crore
Mar 2019₹1,266 Cr
Mar 2020₹1,388 Cr
Mar 2021₹1,575 Cr
Mar 2022₹1,728 Cr
Mar 2023₹2,043 Cr
Mar 2024₹2,587 Cr
Mar 2025₹3,109 Cr
Mar 2026₹3,683 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2019₹162 Cr
Mar 2020₹189 Cr
Mar 2021₹340 Cr
Mar 2022₹445 Cr
Mar 2023₹545 Cr
Mar 2024₹750 Cr
Mar 2025₹912 Cr
Mar 2026₹1,096 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EPS
₹30.45 +20.3% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 2 Nov 2026
AI opinion · based on fundamentals
Risk medium

Aadhar Housing Finance Ltd trades at ₹423.55 as of 2026-11-02 with a market cap of ₹18,745.69 crore and a trailing PE of 16.15. The company has delivered strong compounded profit growth of 27% over five years alongside 19% compounded sales growth over the same period, but the stock is down 11% over the past year and trades near its 52-week low of ₹416.05.

Bull Case 7
  • Strong five-year compounded profit growth of 27%, indicating sustained earnings momentum in the affordable housing finance segment
  • Three-year compounded profit growth of 25% complements the longer-term trend, showing consistency in earnings expansion
  • Five-year compounded sales growth of 19% reflects a healthy pace of loan book expansion over a meaningful period
  • TTM profit growth of 22% and TTM sales growth of 18% suggest that the growth engine continues to deliver in the most recent period
  • Trailing PE of 16.15 is moderate for a housing finance company delivering mid-20s profit growth, offering a PEG-style argument for reasonable valuation relative to growth
  • Three-year and five-year average ROE of 17% indicates the company has been generating attractive returns on shareholder equity over extended periods
  • The stock is trading only about 1.8% above its 52-week low of ₹416.05, which means much of the recent negative sentiment may already be reflected in the price
Bear Case 8
  • The stock has declined 11% over the past one year, significantly underperforming the broader market and signalling weak investor sentiment
  • Price-to-book ratio of 2.47 is elevated for a lending business; the company trades at a meaningful premium to its net asset base
  • Despite reporting consistent profits, the company pays zero dividend (dividend yield of 0%), offering no income return to shareholders
  • Last year's ROE of 16% declined from the three-year and five-year average of 17%, hinting at a possible moderation in return efficiency
  • ROCE of 10.62% is notably lower than the ROE of 14.53%, reflecting the leveraged nature of the business and relatively modest returns on total capital employed
  • TTM sales growth of 18% is below the three-year compounded sales growth of 22%, suggesting a deceleration in top-line expansion
  • TTM profit growth of 22% is below the three-year compounded profit growth of 25% and five-year rate of 27%, indicating a slowing earnings growth trajectory
  • The stock has fallen roughly 24.8% from its 52-week high of ₹563 to the current ₹423.55, reflecting a sharp drawdown that may weigh on near-term technical sentiment

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

9h ago

TL;DR: Aadhar Housing Finance faces near-term leadership disruption following the death of Chairperson Raj Vikash Verma on October 16 and the subsequent resignation of Deo Shankar Tripathi from his executive role. The board moved quickly to appoint Tripathi as interim chairperson, preserving institutional continuity. There are no operational or financial concerns flagged so far, but investors should watch for a permanent chairperson appointment and any impact on strategic decision-making during this transition period.

Headwinds 1
  • Chairperson passes away Oct 16

    Raj Vikash Verma, Independent Director and Non-Executive Chairperson, passed away on October 16, 2026. The company described it as an irreparable loss, creating a leadership vacuum at the board level.

Neutral 1
  • Interim chairperson appointed swiftly Oct 21

    Deo Shankar Tripathi resigned as Executive Vice Chairman on October 21, 2026 citing personal reasons and early retirement, and was appointed Interim Non-Executive Chairperson effective October 22, 2026. Tripathi previously served as MD and CEO, bringing continuity to the leadership transition.

Quarterly Results

₹ Cr
AADHARHFC quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
593
629
673
692
713
764
798
833
848
897
943
985
993
Expenses
166
132
156
166
173
180
187
197
207
208
214
240
248
Financing Profit
192
258
266
264
263
299
314
321
309
348
382
401
368
Fin. Margin %
32%
41%
40%
38%
37%
39%
39%
39%
36%
39%
40%
41%
37%
Other Income
0
0
0
0
0
0
0
1
3
2
−15
8
4
Interest
235
239
251
262
277
285
297
315
332
342
348
343
376
Depreciation
5
5
5
6
6
6
6
6
7
7
7
11
9
PBT
187
253
261
259
257
292
308
316
305
343
360
398
364
Tax %
22%
22%
22%
22%
22%
22%
22%
22%
22%
22%
22%
22%
22%
Net Profit
146
197
204
202
200
228
239
245
237
266
281
311
282
EPS (₹)
3.71
5
5.17
5.11
4.69
5.29
5.56
5.68
5.49
6.15
6.48
7.14
6.46
Gross NPA %
1.46%
1.4%
1.4%
1.1%
1.31%
1.3%
1.36%
1.05%
1.34%
1.4%
1.38%
1.08%
1.31%
Net NPA %
1.1%
0.9%
0.97%
0.7%
0.9%
0.9%
0.95%
0.7%
1%
—
1.01%
0.8%
0.9%

Profit & Loss

₹ Cr
AADHARHFC profit and loss, annual, ₹ crore
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
1,266
1,388
1,575
1,728
2,043
2,587
3,109
3,683
3,817
Expenses
276
350
316
387
507
619
736
868
910
Financing Profit
258
245
444
580
737
981
1,199
1,451
1,499
Fin. Margin %
20%
18%
28%
34%
36%
38%
39%
39%
39%
Other Income
−14
−2
0
0
−25
0
0
−13
0
Interest
732
793
816
761
799
987
1,174
1,364
1,409
Depreciation
9
12
11
13
16
21
25
32
34
PBT
235
231
433
567
696
960
1,173
1,406
1,464
Tax %
31%
18%
21%
22%
22%
22%
22%
22%
—
Net Profit
162
189
340
445
545
750
912
1,096
1,141
EPS (₹)
6.44
4.8
8.62
11.27
13.8
18.99
21.14
25.15
26.23
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
AADHARHFC balance sheet, annual, ₹ crore
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
25
39
395
395
395
395
431
436
Reserves
834
2,308
2,298
2,752
3,303
4,055
5,941
7,105
Borrowing
8,195
9,643
10,374
10,675
12,153
13,960
16,322
18,744
Other Liabilities
426
376
563
554
766
683
529
1,114
Total Liabilities
9,480
12,366
13,630
14,376
16,618
19,093
23,224
27,399
Fixed Assets
42
44
53
55
63
80
92
138
CWIP
0
0
0
0
0
0
0
0
Investments
150
24
497
338
459
462
513
637
Other Assets
9,289
12,298
13,080
13,982
16,095
18,551
22,618
26,624
Total Assets
9,480
12,366
13,630
14,376
16,618
19,093
23,224
27,399

Cash Flow

₹ Cr
AADHARHFC cash flow, annual, ₹ crore
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−2,554
−1,785
−1,202
−907
−1,156
−2,550
−3,027
−2,808
Investing
−49
−1,495
−480
823
−477
723
160
309
Financing
3,356
3,701
701
275
1,463
1,778
3,389
2,336
Net Cash Flow
754
422
−981
191
−169
−49
522
−164
Free Cash Flow
−2,562
−1,788
−1,207
−918
−1,166
−2,565
−3,041
−2,827

Ratios

AADHARHFC financial ratios, annual
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
20%
12%
14%
15%
16%
18%
17%
16%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Aadhar Housing Finance insights

52 extracted metrics across FY19–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 64.51%
  • Others 13.21%
  • DIIs 11.50%
  • Public 6.66%
  • FIIs 4.11%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Aadhar Housing Finance

What does Aadhar Housing Finance Ltd do?
Aadhar Housing Finance Ltd is one of the largest low-income housing finance companies in India servicing the home financing needs of the low income sections of the society.
Where is Aadhar Housing Finance Ltd (AADHARHFC) listed?
Aadhar Housing Finance Ltd trades as AADHARHFC on the NSE and under code 544176 on the BSE.
Which sector does Aadhar Housing Finance Ltd belong to?
Aadhar Housing Finance Ltd is classified under the Financial Services sector, in the Housing Finance industry.
What is the PE ratio of Aadhar Housing Finance Ltd?
Aadhar Housing Finance Ltd trades at a PE ratio of 16.44 as of 4 Nov 2026, on earnings per share of ₹26.23, against a book value of ₹171.21 per share.
What is the 52-week high and low of Aadhar Housing Finance Ltd?
Over the last 52 weeks Aadhar Housing Finance Ltd has traded between ₹416.05 and ₹563 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Aadhar Housing Finance Ltd?
Aadhar Housing Finance Ltd reported a return on equity of 15.90%. Its debt-to-equity ratio is 2.49.

Company Information

Aadhar Housing Finance Ltd is one of the largest low-income housing finance companies in India servicing the home financing needs of the low income sections of the society.

Website aadharhousing.com
CEO Mr. Rishi Anand
Employees 4,583
Listed 15 May 2024
Face Value ₹10

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