India Shelter Finance Corporation Limited, incorporated in 1998, is engaged in the business of housing finance. The company was formerly known as Satyaprakash Housing Finance India Limited and changed its name to India Shelter Finance Corporation Limited in March 2010. India Shelter Finance Corporation Limited was incorporated in 1998 and is based in Gurugram, India.
India Shelter Finance Corporation Limited (ISFC) is a retail-focused affordable housing finance company. The company finances purchase and self-construction of residential properties by first-time home loan takers through home loans and offers loans against property (LAP). The company provides housing loans in India. The company offers retail home loans, home equity loans, and loans against property to borrowers. It also provides loans for home purchase, home improvements, home extension, and for construction of dwelling units on plots.
The company provides loans for house construction, extension, renovation, and purchase of new homes or plots. The company also offers loans against property (LAP). The company offers loan amounts between ₹5 Lakhs to ₹50 Lakhs for a tenure of up to 20 years.
During FY25, we continued to scale our operations and increase our distribution reach by adding 43 new branches across the nation, totaling our branch presence to 266 as of FY25. As of September 30, 2023, the company has a network of 203 branches spread across 15 states with a presence in Rajasthan, Maharashtra, Madhya Pradesh, Karnataka, and Gujarat. The company's number of branches increased from 115 as of March 31, 2021, to 130 as of March 31, 2022, and 203 as of September 30, 2023.
As of March 31, 2023, of the company's borrowers, 97.5% had one or more borrowers as women and 71.3% of our customers were first-time home loan takers. The company has strategically positioned itself in the affordable housing finance segment, particularly catering to first-time homebuyers and focusing on tier-2 and tier-3 markets.
INDIA SHELTE FIN has a Market Cap of ₹9,537 Crore (up 17.4% in 1 year). The market capitalization of India Shelter Finance Corporation Ltd (INDIASHLTR) is ₹9,441.56 Crore as of July 3, 2025.
For the full year, net profit rose 52.61% to ₹377.87 Crore in the year ended March 2025, as against ₹247.60 Crore during the previous year ended March 2024. Sales rose 40.50% to ₹1,165.64 Crore in the year ended March 2025, as against ₹829.62 Crore during the previous year ended March 2024.
Net profit of India Shelter Finance Corporation rose 38.75% to ₹108.13 Crore in the quarter ended March 2025, as against ₹77.93 Crore during the previous quarter ended March 2024. Sales rose 39.41% to ₹327.29 Crore in the quarter ended March 2025, as against ₹234.76 Crore during the previous quarter ended March 2024.
We delivered an AUM growth of 35% YoY to ₹8,189 Crore supported by a disbursement growth of 25% YoY to ₹933 Crore. This demonstrates the company's strong operational performance and growing market presence in the affordable housing finance sector.
RoA (Return on Assets) improved to 5.8% in Q4 FY25. RoE (Return on Equity) improved to 16.3% in Q4 FY25. In Q4 FY25, the cost of funds improved by 10bps to 8.7%. Net worth is at ₹2,709 Crore as of March '25. The company continues to carry a liquidity of ₹1,480 Crore as of March '25.
Gross Stage 3 and Net Stage 3 were at 1.0% and 0.8% as of March '25. This indicates strong asset quality and effective risk management practices, which are crucial for a housing finance company.
Current Price ₹882 · High / Low ₹940 / ₹603 · Stock P/E 25.2 · Book Value ₹251 · Dividend Yield 0.57 % ROCE 12.6 % ROE 15.1 % Face Value ₹5.00. Board of India Shelter Finance Corp. recommends final dividend · India Shelter Finance Corp. announced that the Board of Directors of the Company at its meeting held on May 9, 2025, inter alia, have recommended the final dividend of ₹5 per equity Share (i.e., 100%), subject to the approval of the shareholders.
India Shelter Finance IPO bidding started from December 13, 2023, and ended on December 15, 2023. The allotment for India Shelter Finance IPO was finalized on Monday, December 18, 2023. The shares got listed on BSE, NSE on December 20, 2023. India Shelter Finance IPO price band is set at ₹493 per share.
While demand for affordable housing finance is surging, particularly in Tier 2 and Tier 3 markets, operational challenges in certain regions pose risks to achieving targets. The management's commitment to sustainable finance and a conservative lending approach reflects a balanced strategy aimed at growth while ensuring credit quality.
"As we remain committed towards sustainable finance, we have introduced our ESG Policy, through the implementation of this policy, we seek to achieve a sustainable future for our stakeholders and future generations."
Demand for affordable housing finance continues to accelerate across Tier II, Tier III, and fast-growing micro-markets. The company is well-positioned to capitalize on this growing demand with its extensive branch network and focus on underserved markets.
The company's strong financial performance, growing AUM, improving return ratios, and strategic focus on affordable housing finance make it an attractive investment proposition in the financial services sector. With its commitment to sustainable finance and conservative lending practices, India Shelter Finance Corporation is poised for continued growth in the evolving housing finance landscape.
