Aavas Financiers Ltd.
Snapshot View

2539.95 -10.65 ▼-0.4%

05 August 2021, 04:00:00 P.M.
Volume: 4,874

Overview View Details

Sector Finance Compare with Sector peers
Industry Finance - Housing Compare with Industry peers
Website http://www.aavas.in
Financial Indicators
Market Cap 20,068.66 Cr.
Earnings per share (EPS) 37.96 Trailing Twelve Months Ending 2021-06
Price-Earning Ratio (PE) 67.34 Trailing Twelve Months Ending 2021-06
Industry PE 54.35 Trailing Twelve Months Ending 2021-06
Book Value / Share 311.00 Trailing Twelve Months Ending 2021-06
Price to Book Value 8.22 Calculated using Price: 2,556.10
Dividend Yield 0.00 Period Ending 2021-03
No. of Shares Subscribed 7.85 Cr. 78,512,815 Shares
FaceValue 10
Company Profile

The company was incorporated as ‘Au Housing Finance Private Limited’ on February 23, 2011, as a private limited company under the Companies Act 1956, with a certificate of incorporation granted by the Registrar of Companies, Rajasthan at Jaipur (RoC). Pursuant to a special resolution passed by its shareholders on January 10, 2013, the company was converted into a public limited company and its name was changed to ‘AU Housing Finance Limited’. Consequently, the RoC certified the change of name upon conversion to a public limited company on January 11, 2013. Thereafter, pursuant to a special resolution passed by its shareholders on February 23, 2017, the name of the company was changed to ‘Aavas Financiers Limited’ and consequently, a fresh certificate of incorporation dated March 29, 2017 was issued by the RoC.

The company secures financing from a variety of sources including term loans and working capital facilities; proceeds from loans assigned and securitized; proceeds from the issuance of non-convertible debentures (NCDs); refinancing from the National Housing Bank (NHB); and subordinated debt borrowings from banks, mutual funds, insurance companies and other domestic, foreign and multi-lateral financial institutions to meet its capital requirements.

The company is primarily engaged in the business of providing housing loan to customers belonging to low and middle income segment in semi-urban and rural areas. These are credit worthy customers who may or may not have the income proof documents like IT return, salary slip and hence are financially excluded by other large housing finance companies and banks. AAVAS uses unique appraisal methodology to assess these customers individually. The financing solution need to be appropriated and suitable to them.

Business area of the company

The company is a retail, affordable housing finance company, primarily serving low and middle income self-employed customers in semi-urban and rural areas in India. A majority of its customers have limited access to formal banking credit. The company offers customers home loans for the purchase or construction of residential properties, and for the extension and repair of existing housing units.

Products

  • Home Loan
  • Land Purchase + Construction Loan
  • Home Improvement Loan
  • Home Loan Balance Transfer
  • Home Equity(Loan Against Property)
  • Micro, Small and Medium Enterprise (MSME) Loan

Awards and Recognition

FY 2016-17

  • Aavas Financiers received the ASSOCHAM Excellence Award for being the best housing finance company in affordable housing in 2016. The honours were done by two renowned Cabinet Ministers of India - Shri. Venkaiah Naidu (Minister of Urban Development) & Shri. Arjun Ram Meghwal (Minister of State for Finance).

FY 2019-20

  • Mr. Ghanshyam Rawat, Chief Financial Officer has awarded as best “CA-CFO for the year” under the category of “Emerging Corporate (BFSI)” by ICAI in its 13th ICAI award held on January 14, 2020 at Mumbai.

Major events and milestones

  • 2011: Incorporation of the company as Au Housing Finance Private Limited.
  • 2011: The company was registered with NHB as a ‘housing finance institution without accepting public deposits’.
  • 2012 The company received its first rating “BBB+/Stable” from CRISIL for long term bank facilities of Rs 1,000 million.
  • 2013 The company was converted into a public limited company and its name was changed to AU Housing Finance Limited.
  • 2013: Consequent to the conversion of the company into a public limited company, the NHB issued a fresh certificate of registration.
  • 2013: The company received its first refinancing assistance from NHB.
  • 2014: The company issued its first tranche of non-convertible debentures (NCDs)
  • 2015: The company entered into its first pool buyout transaction in housing loan priority sector.
  • 2015: Pursuant to a notification dated December 18, 2015 issued by the Central Government, its Company was identified as a ‘financial institution’ under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.
  • 2016: Received investment from Lake District, Kedaara AIF-1, Master Fund and ESCL (defined hereinafter).
  • 2016: The company was assigned “[ICRA] A with a stable outlook’ by ICRA for long term facilities of Rs 5,000 million.
  • 2016: The company received its first subsidy from NHB under ‘CLSS-PMAY’.
  • 2017: The name of the company was changed to Aavas Financiers Limited.
  • 2017: The company was assigned “Care A+; Stable” from CARE for long term bank facilities of Rs 3,850 million and for long term subordinated debt of Rs 500 million
  • 2017: Consequent to the change in the name of the company, a fresh certificate of registration was issued by the NHB.
  • 2017: The company entered into first ‘pass through certificate’ (PTC) transaction with IDBI Trusteeship Services Limited.
  • 2018: Upgradation of its CARE rating to “Care A+; Positive” for long term facilities of Rs 10,120 million and for long term subordinated debt of Rs 1,000 million.
  • 2018: Upgradation of its CRISIL rating to “CRISIL A+/ Stable” for long term facilities of Rs 5,570 million.
  • 2018: Assignment of its ICRA rating to “[ICRA]A+/ Positive” for bank limits of Rs 12,400 million and for NCDs of Rs 3,500 million; and “[ICRA] A1+” for commercial paper of Rs 500 million.
  • 2020: Aavas Financiers raises Rs 150 crore via NCDs

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-0.42%
1 Week
-1.37%
1 Month
-5.17%
3 Month
+13.36%
6 Month
+26.89%
1 Year
+87.73%
2 Year
+73.41%
5 Year
4 years 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 8.04 11.79 12.72 12.93
Return on Capital Employed (%) 8.41 10.98 10.23 10.07
Return on Assets (%) 2.30 3.64 3.75 3.48

Balance Sheet View Details

Particulars 4 years 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Shh. Funds 1,190 1,837 2,098 2,401
Non Curr. Liab. 2,208 2,625 4,275 4,440
Curr. Liab. 642 1,165 1,284 2,119
Minority Int.
Equity & Liab. 4,040 5,627 7,657 8,959
Non Curr. Assets 3,353 4,753 6,244 7,585
Curr. Assets 687 874 1,413 1,374
Misc. Exp. not W/O
Total Assets 4,040 5,627 7,657 8,959

Profit Loss View Details

Particulars 4 years 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Net Sales 494 710 903 1,103
Other Income 1 1 1 2
Total Income 494 711 903 1,106
Total Expenditure -158 -184 -222 -270
PBIDT 336 527 681 836
Interest -196 -259 -360 -463
Depreciation -6 -10 -20 -21
Taxation -41 -82 -53 -64
Exceptional Items
PAT 93 176 249 289

Cash Flow View Details

Particulars 4 years 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. -933 -1,276 -1,172 -1,071
Cash Fr. Inv. -218 -327 -342 -265
Cash Fr. Finan. 1,240 1,404 1,705 1,008
Net Change 90 -198 191 -329
Cash & Cash Eqvt 358 160 351 22

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 58.29 58.25 58.15 53.46 53.46 50.16 50.15 50.08 50.07
Public 41.71 41.75 41.85 46.54 46.54 49.84 49.85 49.92 49.93
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Thu, 05 Aug 2021
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Please find attached the transcript in respect to the earning conference call on the financial and operational performance of the Company for the quarter ended June 30 2021 held on Friday July 30 2021 at 03:30 P.M. (IST).
Thu, 05 Aug 2021
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Please find attached herewith details of call held between management of the company and investor/analyst.
Wed, 04 Aug 2021
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Please find attached the details of call held between management of the Company and Investor/analyst.

Technical Scans View Details

Wed, 04 Aug 2021
High Delivery Percentage High Delivery Percentage
Higher Delivery Quantity Higher Delivery Quantity
Higher Delivery Quantity and Percentage Higher Delivery Quantity and Percentage
Higher Trade Quantity Higher Trade Quantity
Higher Trade and Delivery Quantity Higher Trade and Delivery Quantity

Related Stocks View Details

Stock Name Market Cap(Rs. Cr.) LTP Chg %
Housing Development Finance Corporation Ltd. 480,474.82 2,660.80 -0.6%
Bajaj Finance Ltd. 377,125.75 6,248.00 -1.8%
Bajaj Finserv Ltd. 222,699.33 13,994.15 -1.4%
HDFC Life Insurance Co Ltd. 135,281.19 669.00 -0.9%
SBI Life Insurance Company Ltd. 113,501.51 1,140.00 +0.3%
SBI Cards And Payment Services Ltd. 97,039.95 1,031.45 -0.3%
ICICI Prudential Life Insurance Company Ltd. 93,498.20 650.80 -2.7%
Stock Name Statement TTM Ending Price Earning Ratio(TTM) LTP Chg %
Housing Development Finance Corporation Ltd. Consolidated 2021-06 23.82 2,660.80 -0.6%
Bajaj Finance Ltd. Consolidated 2021-06 84.56 6,248.00 -1.8%
Bajaj Finserv Ltd. Consolidated 2021-06 54.48 13,994.15 -1.4%
HDFC Life Insurance Co Ltd. Consolidated 2021-06 114.66 669.00 -0.9%
SBI Life Insurance Company Ltd. Standalone 2021-06 88.11 1,140.00 +0.3%
SBI Cards And Payment Services Ltd. Standalone 2021-06 108.32 1,031.45 -0.3%
ICICI Prudential Life Insurance Company Ltd. Consolidated 2021-06 193.19 650.80 -2.7%
Stock Name Statement TTM Ending Price To Book Value(TTM) LTP Chg %
Housing Development Finance Corporation Ltd. Consolidated 2021-06 3.03 2,660.80 -0.6%
Bajaj Finance Ltd. Consolidated 2021-06 10.03 6,248.00 -1.8%
Bajaj Finserv Ltd. Consolidated 2021-06 5.98 13,994.15 -1.4%
HDFC Life Insurance Co Ltd. Consolidated 2021-06 59.03 669.00 -0.9%
SBI Life Insurance Company Ltd. Standalone 2021-06 10.73 1,140.00 +0.3%
SBI Cards And Payment Services Ltd. Standalone 2021-06 14.67 1,031.45 -0.3%
ICICI Prudential Life Insurance Company Ltd. Consolidated 2021-06 11.06 650.80 -2.7%
Stock Name Statement Year Ending Debt Equity Ratio LTP Chg %
Housing Development Finance Corporation Ltd. Consolidated 2021-03 2.88 2,660.80 -0.6%
Bajaj Finance Ltd. Consolidated 2021-03 3.60 6,248.00 -1.8%
Bajaj Finserv Ltd. Consolidated 2021-03 3.57 13,994.15 -1.4%
HDFC Life Insurance Co Ltd. Consolidated 2021-03 0.07 669.00 -0.9%
SBI Life Insurance Company Ltd. Standalone 2020-03 0.00 1,140.00 +0.3%
SBI Cards And Payment Services Ltd. Standalone 2020-03 3.26 1,031.45 -0.3%
ICICI Prudential Life Insurance Company Ltd. Consolidated 2021-03 0.14 650.80 -2.7%
Stock Name Statement Year Ending Return On Equity(%) LTP Chg %
Housing Development Finance Corporation Ltd. Consolidated 2021-03 9.67 2,660.80 -0.6%
Bajaj Finance Ltd. Consolidated 2021-03 12.86 6,248.00 -1.8%
Bajaj Finserv Ltd. Consolidated 2021-03 21.95 13,994.15 -1.4%
HDFC Life Insurance Co Ltd. Consolidated 2021-03 17.65 669.00 -0.9%
SBI Life Insurance Company Ltd. Standalone 2020-03 17.40 1,140.00 +0.3%
SBI Cards And Payment Services Ltd. Standalone 2020-03 28.24 1,031.45 -0.3%
ICICI Prudential Life Insurance Company Ltd. Consolidated 2021-03 11.97 650.80 -2.7%
Stock Name Statement Year Ending Return On Capital Employed(%) LTP Chg %
Housing Development Finance Corporation Ltd. Consolidated 2021-03 8.05 2,660.80 -0.6%
Bajaj Finance Ltd. Consolidated 2021-03 9.38 6,248.00 -1.8%
Bajaj Finserv Ltd. Consolidated 2021-03 11.90 13,994.15 -1.4%
HDFC Life Insurance Co Ltd. Consolidated 2021-03 16.90 669.00 -0.9%
SBI Life Insurance Company Ltd. Standalone 2020-03 17.30 1,140.00 +0.3%
SBI Cards And Payment Services Ltd. Standalone 2020-03 15.21 1,031.45 -0.3%
ICICI Prudential Life Insurance Company Ltd. Consolidated 2021-03 12.54 650.80 -2.7%
Stock Name Statement Year Ending Net Sales(Rs. Cr.) LTP Chg %
Housing Development Finance Corporation Ltd. Consolidated 2021-03 139,039.23 2,660.80 -0.6%
Bajaj Finance Ltd. Consolidated 2021-03 26,689.57 6,248.00 -1.8%
Bajaj Finserv Ltd. Consolidated 2021-03 60,591.20 13,994.15 -1.4%
HDFC Life Insurance Co Ltd. Consolidated 2021-03 669.00 -0.9%
SBI Life Insurance Company Ltd. Standalone 2020-03 1,140.00 +0.3%
SBI Cards And Payment Services Ltd. Standalone 2020-03 9,276.40 1,031.45 -0.3%
ICICI Prudential Life Insurance Company Ltd. Consolidated 2021-03 650.80 -2.7%
Stock Name Statement Year Ending Profit After Tax(Rs. Cr.) LTP Chg %
Housing Development Finance Corporation Ltd. Consolidated 2021-03 13,566.08 2,660.80 -0.6%
Bajaj Finance Ltd. Consolidated 2021-03 4,419.82 6,248.00 -1.8%
Bajaj Finserv Ltd. Consolidated 2021-03 7,367.56 13,994.15 -1.4%
HDFC Life Insurance Co Ltd. Consolidated 2021-03 1,360.87 669.00 -0.9%
SBI Life Insurance Company Ltd. Standalone 2020-03 1,422.18 1,140.00 +0.3%
SBI Cards And Payment Services Ltd. Standalone 2020-03 1,244.82 1,031.45 -0.3%
ICICI Prudential Life Insurance Company Ltd. Consolidated 2021-03 956.16 650.80 -2.7%