Aavas is a retail, affordable housing finance company, primarily serving low and middle-income self-employed customers in semi-urban and rural India. Aavas Financiers Limited was incorporated in 2011 and is based in Jaipur, India. The company operates as a registered Housing Finance Company (HFC) with the National Housing Bank (NHB) and has established itself as a specialized lender targeting underserved markets across India.
The company was formerly known as AU Housing Finance Limited and changed its name to Aavas Financiers Limited in May 2017. Under the leadership of chairman Sandeep Tandon, and managing director Sachinderpalsingh Jitendrasingh Bhinder, the company has built a strong presence in the affordable housing finance segment.
The company's product offering consists of home loans for the purchase or construction of residential properties and the extension and repair of existing housing units, Loans against property, and MSME loans. Aavas Financiers Limited provides housing finance services to customers belonging to low- and middle-income self-employed customers in semi-urban and rural areas in India. The company offers home loans for flats, houses, and bungalows, as well as resale properties; home construction loans for self-construction of residential house; and home improvement loans, including loans for tiling or flooring, plaster, painting, etc. It also provides loans against property; home equity loan; and micro, small, and medium enterprise loans, as well as home loan balance transfer, and Small Ticket Size loan.
The company's strategic focus on serving unserved, underserved, and underbanked customers in Tier 2 to Tier 4 markets by providing customized financial solutions has positioned it well in the affordable housing finance space. This customer segment represents a significant market opportunity as traditional banking institutions often have limited reach in these areas.
Aavas Financiers has a Market Cap of ₹15,368 Crore as reported by Screener. The Company is also listed in Bombay Stock Exchange (BSE) with the code 541988 and listed on National Stock Exchange (NSE) with the code as AAVAS.
- Net profit rose 17.00% to ₹574.11 Crore in the year ended March 2025, as against ₹490.69 Crore during the previous year ended March 2024. Sales rose 16.70% to ₹2,354.51 Crore in the year ended March 2025, as against ₹2,017.50 Crore during the previous year ended March 2024.
- Net profit rose 21.35% to ₹244.84 Crore in the quarter ended March 2025, as against ₹201.76 Crore during the previous quarter ended March 2024. Sales rose 20.35% to ₹832.61 Crore in the quarter ended March 2025, as against ₹691.80 Crore during the previous quarter ended March 2024.
- Net profit rose 17.17% to ₹239.34 Crore in the quarter ended December 2024, as against ₹204.27 Crore during the previous quarter ended December 2023. Sales rose 18.51% to ₹797.61 Crore in the quarter ended December 2024, as against ₹673.05 Crore during the previous quarter ended December 2023.
- Market Cap: ₹15,368 Crore (as of July 2025)
- Revenue: ₹2,354.51 Crore | Profit: ₹574.11 Crore
- Stock is trading at 3.09 times its book value.
- Promoter Holding: 75.6%.
Capital Adequacy Ratio (CAR) was at 38.5% as on March 31, 2024, compared to 42.7% a year ago. The ROCE for the company improved and stood at 11.30% during FY24, from 10.08% during FY23. The company's gross NPA ratio stood at 0.0% as of March 31, 2024, compared to 0.0% in the same period a year ago. The net NPA ratio was 0.7% in financial year 2024 compared with 0.8% a year ago.
The company received two prestigious awards at the 7th Edition of 'National Awards For Excellence in BFSI 2021' which was held virtually on August 26, 2021:
1. Aadhar Housing Finance Ltd received the 'Affordable Housing Finance Company of the Year' award.
2. Shri Deo Shankar Tripathi, MD & CEO, Aadhar Housing Finance Ltd, was conferred with 'CEO of the Year' award.
For the Second consecutive year, Aadhar Housing Finance has been certified as a 'Great Place To Work' by Great Place To Work Institute, a Global authority on recognizing high-trust and performance driven culture at workplaces. Aadhar Housing Finance has been awarded and recognized as 'The Best Brand 2021' at the 4th Edition of 'The Economic Times – Best Brands 2021' held at Sahara Star in Mumbai on December 21, 2021.
Formed With the merger of DHFL Vysya and Aadhar Housing Finance, Aadhar is one of the few players which has a pan-India presence. The company prides itself on the empathy, trust, and transparency-led customer service it provides and sees it as its key competitive advantage. The customer-centric approach has helped build a loan book of about a billion rupees.
The company has built a strong distribution network through 12,221 Aadhar Mitras who get referral fees for sourcing customers' loans as of September 30, 2023. The deep impact branches' sales offices aim to serve customers in India's Tier 4 and Tier 5 towns.
Aadhar Housing Finance stock peaked at ₹517 in September 2024, then declined 33%. Recently, it formed an Inverse Head and Shoulders pattern and is nearing the neckline at ₹445, with a 13% rise this month. Aadhar Housing Finance Ltd is currently in a Bullish trading position according to technical analysis indicators.
Aadhar Housing Finance Ltd continues to demonstrate strong fundamentals with consistent growth in profitability and revenue, positioning itself as a key player in India's affordable housing finance sector. The company's focus on financial inclusion and serving the underserved segments of society, combined with its robust operational metrics and strong capital adequacy, makes it an important contributor to India's housing finance ecosystem.
