Aadhar Housing Finance Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹19,289 Cr
- P/E
- 16.71
- ROE
- 15.94%
- PEG
- 0.65
- Price to sales
- 5.05
- Debt to equity
- 2.49
- 52W high / low
- ₹556 / ₹430
- Sales growth (5Y)
- 18.52%
- EBITDA margin
- 76.17%
- Net profit margin
- 30.10%
- Promoter holding
- 64.51%
- Sales (last year)
- ₹3,817 Cr
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. [1]
Guidance scorecard · Q1 FY27 call
What Aadhar Housing Finance Ltd's management guided
and where it ranks in Finance
Finance
RevenueQ1 FY27 call
20–40%- AUM (Assets Under Management) growth targeted at 20% for FY27 and medium term.
- Disbursement growth expected to exceed 20% over the next three quarters.
- Profit after Tax (PAT) growth guidance of 20% for FY27.
- July disbursement expected close to INR 900 crores, indicating strong momentum.
- Focused on calibrated branch expansion with 45-50 new branches planned annually.
- Incremental disbursement mix expected to normalize to historical 70-30 ratio (home vs. non-home loans).
- Urban and emerging market strategy to sustain incremental yields and spreads above 5.5%.
2 more points from Aadhar Housing Finance Ltd's call on revenue
Create a free account to keep reading this call
MarginsQ1 FY27 call
FlatSee what Aadhar Housing Finance Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Management emphasizes raising INR1,000 crores primary capital via IPO for growth over the next 3-4 years.
- There is focus on branch expansion guidance of 40-50 branches per year, indicating investment in physical network growth.
- Capital adequacy is maintained at 40-43%, with internal buffers set aside for operational risk, supporting secure growth.
2 more points from Aadhar Housing Finance Ltd's call on capex
Create a free account to keep reading this call
FundraisingQ1 FY27 call
PlannedSee what Aadhar Housing Finance Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- Since Aadhar Housing Finance operates in housing finance and lending, the concept of "order book" or "pending orders" as in manufacturing or construction sectors may not directly apply.
- AUM (Assets Under Management) growth guidance: 20% for FY27.
- Disbursement growth: Expecting over 20% growth for next 3 quarters.
- July disbursement target: INR 900 crores, with expectations to offset any Q1 shortfall.
2 more points from Aadhar Housing Finance Ltd's call on the order book
Create a free account to keep reading this call
Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Finance
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
Portfolio builder
Build your portfolio
from the top-ranked stocks
- 1. Pick 3–15 stocks
- 2. Choose large, mid or small cap and your sectors
- 3. Get a portfolio built from the rankings
Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Finance companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹2,742 Cr | 71.8 | |
| 2 | 40%+ | Up 2%+ | ₹464 Cr | 23.9 | |
| 3 | 40%+ | Up 0–2% | ₹961 Cr | 32.7 | |
| 4 | 40%+ | Flat | ₹23,820 Cr | 21.1 | |
| 5 | 40%+ | Flat | ₹16,498 Cr | 72.4 | |
| 6 | 40%+ | Flat | ₹15,549 Cr | — |
Sign up free to see every company in the sector ranking and track Aadhar Housing Finance Ltd.
Pro shows every company guiding 40%+ revenue growth →Full Finance rankingFinancials of Aadhar Housing Finance Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Aadhar Housing Finance Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue + | 555 | 593 | 629 | 673 | 692 | 713 | 764 | 798 | 833 | 848 | 897 | 943 | 985 |
| Interest | 213 | 235 | 239 | 251 | 262 | 277 | 285 | 297 | 315 | 332 | 342 | 348 | 343 |
| Expenses + | 133 | 166 | 132 | 156 | 166 | 173 | 180 | 187 | 197 | 207 | 208 | 214 | 240 |
| Financing Profit | 209 | 192 | 258 | 266 | 264 | 263 | 299 | 314 | 321 | 309 | 348 | 382 | 401 |
| Financing Margin % | 38% | 32% | 41% | 40% | 38% | 37% | 39% | 39% | 39% | 36% | 39% | 40% | 41% |
| Other Income + | -25 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 3 | 2 | -15 | 8 |
| Depreciation | 4 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 7 | 7 | 7 | 11 |
| Profit before tax | 180 | 187 | 253 | 261 | 259 | 257 | 292 | 308 | 316 | 305 | 343 | 360 | 398 |
| Tax % | 22% | 22% | 22% | 22% | 22% | 22% | 22% | 22% | 22% | 22% | 22% | 22% | 22% |
| Net Profit + | 141 | 146 | 197 | 204 | 202 | 200 | 228 | 239 | 245 | 237 | 266 | 281 | 311 |
| EPS in Rs | 3.56 | 3.71 | 5.00 | 5.17 | 5.11 | 4.69 | 5.29 | 5.56 | 5.68 | 5.49 | 6.15 | 6.48 | 7.14 |
| Gross NPA % | 1.46% | 1.40% | 1.40% | 1.10% | 1.31% | 1.30% | 1.36% | 1.05% | 1.34% | 1.40% | 1.38% | 1.08% | |
| Net NPA % | 1.10% | 0.90% | 0.97% | 0.70% | 0.90% | 0.90% | 0.95% | 0.70% | 1.01% | 0.80% |
Financials of Aadhar Housing Finance Ltd
Profit & Loss
Annual income statement trend
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue + | 1,266 | 1,388 | 1,575 | 1,728 | 2,043 | 2,587 | 3,108 | 3,673 |
| Interest | 732 | 793 | 816 | 761 | 799 | 987 | 1,174 | 1,364 |
| Expenses + | 276 | 350 | 316 | 387 | 507 | 619 | 736 | 869 |
| Financing Profit | 258 | 245 | 444 | 580 | 737 | 981 | 1,197 | 1,440 |
| Financing Margin % | 20% | 18% | 28% | 34% | 36% | 38% | 39% | 39% |
| Other Income + | -14 | -2 | -0 | 0 | -25 | -0 | 1 | -2 |
| Depreciation | 9 | 12 | 11 | 13 | 16 | 21 | 25 | 32 |
| Profit before tax | 235 | 231 | 433 | 567 | 696 | 960 | 1,173 | 1,406 |
| Tax % | 31% | 18% | 21% | 22% | 22% | 22% | 22% | 22% |
| Net Profit + | 162 | 189 | 340 | 445 | 545 | 750 | 912 | 1,096 |
| EPS in Rs | 64.37 | 47.99 | 8.62 | 11.27 | 13.80 | 18.99 | 21.14 | 25.15 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Aadhar Housing Finance Ltd
Balance Sheet
Capital structure and asset base
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
Financials of Aadhar Housing Finance Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -2,554 | -1,785 | -1,202 | -907 | -1,156 | -2,550 | -3,027 | -2,808 |
| Cash from Investing Activity + | -49 | -1,495 | -480 | 823 | -477 | 723 | 160 | 309 |
| Cash from Financing Activity + | 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 |
| CFO/OP | -250% | -165% | -88% | -59% | -66% | -118% | -117% | -89% |
Financials of Aadhar Housing Finance Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| ROE % | 20% | 12% | 14% | 15% | 16% | 18% | 17% | 16% |
Guidance history
How Aadhar Housing Finance Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 20–40% | Flat | Planned | Planned | Rising |
| Q4 FY26 call → | 20–40% | Flat | — | — | Rising |
| Q4 FY26 call → | 20–40% | Flat | — | — | Rising |
| Q3 FY26 call → | 20–40% | Flat | Planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
20 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −14.5% | 43% |
| Last 6 months | −9.9% | 37% |
| Last 3 months | −10.3% | 39% |
The price is 20.9% below its all-time high of ₹556.5 (6 Jul 2026). Stocks more than 20% below their peak have their score halved, so 40 became 20.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Aadhar Housing Finance Ltd: 0.4 × 43 + 0.4 × 37 + 0.2 × 39 = 40, halved to 20 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Aadhar Housing Finance Ltd's management said in earlier quarters
Others in Finance this season
- JSW Holdings (Q2 FY27)
Total revenue from operations: ₹16,658.63 lakhs . Key results statement takeaways from JSW Holdings Ltd's Q2 FY27 results statement — and how it ranks against s
- Indostar Capital Finance Ltd (Q2 FY27)
Revenue from operations for Q2 FY27: ₹381.9 crore . Key investor presentation takeaways from Indostar Capital Finance Ltd's Q2 FY27 investor presentation — and
- TruCap Finance Ltd (Q2 FY27)
(74) lakhs, down 90% YoY . Key results statement takeaways from TruCap Finance Ltd's Q2 FY27 results statement — and how it ranks against sector peers.
- Onemi Technology Solutions Ltd (Q2 FY27)
Total Income for Q2 FY27: ₹740 Cr, up 43.1% YoY (Page 39) . Key investor presentation takeaways from Onemi Technology Solutions Ltd's Q2 FY27 investor presentat