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Aavas Financiers

AAVAS NSE
₹1,125.30 +3.70 (+0.33%)
P/E
12.98
View as Markdown
MCP
Close 4 Nov 2026 ₹1,125.30 −478.60 −29.8% 1Y
Start ₹1,603.90

Key Fundamentals

MicrocapFinanceFinancial Services

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

Debt to Equity
3.11
EPS (TTM)
₹86.70
Book Value
₹680.80
Market Cap
—
P/E (TTM)
12.98
P/B
1.65
ROE
13.90%
Dividend Yield
0.00%
52W High
₹1,771.90
52W Low
₹1,055.30
Day Range
₹1,100.10 – ₹1,152.60
Volume
8,79,017
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

Aavas Financiers 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
₹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
Aavas Financiers (this company)
₹1,125.3012.98₹8,982 Cr1.650.00%13.90%—₹2,765 Cr₹687 Cr
Median 8 companies₹801.0014.71₹23,359 Cr1.570.53%13.40%6.47%₹8,059 Cr₹1,525 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

40 Weak

Data confidence 94/100

Category scores

Quality
38
Weak
Returns, margins, earnings quality 22% weight
Valuation
50
Average
Cheap vs sector & own history 24% weight
Growth
47
Average
Sales & profit trajectory 9% weight
Financial Health
39
Weak
Solvency, leverage, coverage 9% weight
Momentum
6
Poor
Trend strength, vol-adjusted 12% weight
Ownership
41
Weak
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

No strengths listed

Weaknesses

4
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 14.0% over last 3 years.
  • Company might be capitalizing the interest cost

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1153
OscillatorsBearish351
Moving AveragesStrong Bearish802

Key readings

RSI (14)
40.90
Neutral
MACD (12,26,9)
−39.32
Bearish
SMA (50)
1,228.05
Bearish
SMA (200)
1,323.14
Bearish

As of

Analyst Rating

Based on 22 analysts
BUY68%

15 of 22 analysts rate Buy, 5 Hold, 2 Sell.

As of

BUY
15
68%
HOLD
5
23%
SELL
2
9%

Growth Rate

From the financial statements below. 10Y, 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
10Y+30.24%
5Y+19.46%
3Y+18.61%
1Y+13.93%
TTM+13.32%

Net profit

Net profit growth by window
10Y+34.83%
5Y+17.70%
3Y+15.06%
1Y+14.11%
TTM+17.04%

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 2017₹305 Cr
Mar 2018₹494 Cr
Mar 2019₹710 Cr
Mar 2020₹902 Cr
Mar 2021₹1,103 Cr
Mar 2022₹1,304 Cr
Mar 2023₹1,608 Cr
Mar 2024₹2,018 Cr
Mar 2025₹2,355 Cr
Mar 2026₹2,683 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹57.00 Cr
Mar 2018₹93.00 Cr
Mar 2019₹176 Cr
Mar 2020₹249 Cr
Mar 2021₹290 Cr
Mar 2022₹357 Cr
Mar 2023₹430 Cr
Mar 2024₹491 Cr
Mar 2025₹574 Cr
Mar 2026₹655 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EPS
₹23.87 +4.3% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 31 Jul 2026
AI opinion · based on fundamentals
Risk medium

AAVAS Financiers is a housing finance company with a market cap of ₹10,828 Cr trading at a P/E of 15.7x and P/B of 2.14x. The company has delivered consistent 19% compounded sales growth over 5 years with steady 14% ROE, but its stock has declined 21% over the past year and it pays no dividend despite repeated profitability.

Bull Case 6
  • Strong 5-year compounded sales growth of 19% CAGR indicates robust loan book expansion in the affordable housing finance segment
  • Compounded profit growth of 18% over 5 years and 17% TTM demonstrates consistent earnings momentum
  • 10-year compounded sales growth of 30% and profit growth of 35% reflect a long track record of scaling the business successfully
  • Consistent ROE of 14% across 1-year, 3-year, 5-year, and 10-year periods shows stable return generation without significant volatility
  • TTM sales growth of 13% indicates the company continues to grow even in a competitive housing finance environment
  • P/B ratio of 2.14x is reasonable for an NBFC with 14% ROE and consistent profit growth trajectory
Bear Case 8
  • Stock has declined 21% over the past 1 year, significantly underperforming broader markets, signaling investor concerns
  • Zero dividend payout despite repeated profitability raises questions about capital allocation and shareholder returns
  • Low interest coverage ratio flagged as a concern, which is critical for an NBFC dependent on borrowing spreads
  • ROE of 14% over 3 years is low for a housing finance company trading at 2.14x book value, implying stretched valuations relative to returns
  • Potential capitalisation of interest costs may overstate reported profits and asset quality metrics
  • 3-year stock CAGR of -4% and 5-year CAGR of -12% show prolonged wealth destruction for shareholders despite business growth
  • Sales growth has decelerated from 30% (10-year CAGR) to 19% (5-year) to 13% (TTM), indicating a slowing growth trajectory
  • Profit growth has also slowed from 35% (10-year) to 18% (5-year) to 17% (TTM), suggesting diminishing scaling benefits

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

AI News Digest

94d ago

TL;DR: Aavas Financiers is delivering solid earnings growth with a 23% YoY rise in Q1 net profit, supported by improving asset quality (GNPA at 1.11%) and a very comfortable capital position (CRAR 44.66%). The ₹200 crore NCD issuance at 7.80% signals steady access to debt markets at reasonable rates. No material headwinds are visible in recent news flow, and the trend appears stable-to-improving heading into the rest of FY27.

Positives 1
  • Q1 net profit up 23% YoY Jul 21

    Net profit rose to ₹17,126.81 lakh in Q1FY27. Asset quality improved with GNPA at 1.11% and capital adequacy (CRAR) strong at 44.66%.

Neutral 2
  • ₹200 crore NCD allotted at 7.8% Aug 1

    Completed private placement of 20,000 NCDs worth ₹200 crore at 7.80% coupon rate with a 3-year tenor, secured by first-ranking charge over identified assets. Approved Jul 30, listed on BSE WDM segment.

  • Q1FY27 earnings call hosted Jul 14

    Earnings call held on July 21, 2026 featuring MD & CEO Manu Singh and senior management to discuss Q1FY27 results.

Quarterly Results

₹ Cr
AAVAS quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
467
497
508
546
542
579
597
636
628
667
674
715
709
Expenses
132
130
134
139
138
133
142
170
168
170
170
199
185
Financing Profit
148
163
157
186
169
198
196
202
188
222
230
243
231
Fin. Margin %
32%
33%
31%
34%
31%
34%
33%
32%
30%
33%
34%
34%
33%
Other Income
0
1
1
1
0
1
1
1
0
0
0
0
0
Interest
187
204
217
222
235
249
259
265
271
276
274
273
293
Depreciation
7
8
9
9
9
9
9
10
9
11
11
12
11
PBT
141
157
150
177
161
190
188
193
179
211
219
231
220
Tax %
22%
22%
22%
20%
22%
22%
22%
20%
22%
22%
22%
21%
22%
Net Profit
110
122
117
143
126
148
146
154
139
164
170
182
171
EPS (₹)
13.87
15.38
14.74
18.02
15.93
18.69
18.5
19.42
17.59
20.71
21.48
22.91
21.6
Gross NPA %
1%
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 %
0.73%
0.76%
0.79%
0.67%
0.72%
0.78%
0.81%
0.73%
0.84%
0.85%
0.79%
0.68%
0.71%

Profit & Loss

₹ Cr
AAVAS profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
104
191
305
494
710
902
1,103
1,304
1,608
2,018
2,355
2,683
2,765
Expenses
21
43
72
161
188
225
273
349
441
535
582
706
724
Financing Profit
30
51
90
139
266
321
372
477
576
654
765
882
925
Fin. Margin %
29%
27%
29%
28%
38%
36%
34%
37%
36%
32%
32%
33%
33%
Other Income
0
0
0
1
1
1
2
1
2
3
4
1
1
Interest
53
97
143
193
255
356
458
478
591
828
1,007
1,095
1,116
Depreciation
1
1
3
6
10
20
21
24
29
33
36
43
45
PBT
29
50
88
134
258
302
353
455
549
624
733
840
881
Tax %
34%
34%
35%
31%
32%
18%
18%
22%
22%
21%
22%
22%
—
Net Profit
19
33
57
93
176
249
290
357
430
491
574
655
687
EPS (₹)
5.09
7.5
9.82
13.46
22.52
31.81
36.88
45.2
54.4
62
72.53
82.6
86.7
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
AAVAS balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

Cash Flow

₹ Cr
AAVAS cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
—
−591
−591
−933
−1,276
−1,172
−1,071
−1,136
−1,920
−2,001
−1,660
−1,386
Investing
—
−1
−15
−218
−327
−342
−265
−467
196
−646
176
−117
Financing
—
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

Ratios

AAVAS financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
24%
21%
15%
11%
12%
13%
13%
14%
14%
14%
14%
14%

Insights

Beta

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

Log in to view Aavas Financiers insights

61 extracted metrics across FY13–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 48.88%
  • DIIs 22.40%
  • FIIs 15.20%
  • Public 11.26%
  • Others 2.26%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Aavas Financiers

What does AAVAS Financiers Ltd do?
Incorporated in 2011, Aavas Financiers Ltd provides housing loans & advances
Where is AAVAS Financiers Ltd (AAVAS) listed?
AAVAS Financiers Ltd trades as AAVAS on the NSE and under code 541988 on the BSE.
Which sector does AAVAS Financiers Ltd belong to?
AAVAS Financiers Ltd is classified under the Financial Services sector, in the Housing Finance industry.
What is the PE ratio of AAVAS Financiers Ltd?
AAVAS Financiers Ltd trades at a PE ratio of 12.98 as of 4 Nov 2026, on earnings per share of ₹86.7, against a book value of ₹680.8 per share.
What is the 52-week high and low of AAVAS Financiers Ltd?
Over the last 52 weeks AAVAS Financiers Ltd has traded between ₹1,055.3 and ₹1,771.9 as of 4 Nov 2026.
What is the Return on Equity (ROE) of AAVAS Financiers Ltd?
AAVAS Financiers Ltd reported a return on equity of 13.90%. Its debt-to-equity ratio is 3.11.

Company Information

Incorporated in 2011, Aavas Financiers Ltd provides housing loans & advances

Website aavas.in
CEO Mr. Sachinderpalsingh Jitendrasingh Bhinder
Employees 7,233
Listed 8 Oct 2018
Face Value ₹10

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