Company File · BSE 544176 · Latest filing Q1 FY27
Standalone = this company only. Consolidated = including its subsidiaries.
Aadhar Housing Finance Limited
Data as of 19 Oct 2026 close · BSE · Latest results Q1 FY27
ISIN INE883F01010 · AADHARHFC · Financial Services › Finance
About the business
What does Aadhar Housing Finance do? It is a housing finance company, which means a lender that focuses on home loans. It lends to low-income & first-time borrowers, many of whom work in the informal sector, where income is often irregular & not backed by formal pay slips. It reaches them through a wide branch network across smaller towns & cities in India. The company is backed by private equity firm Blackstone.
Price & valuation · BSE close, 19 Oct 2026
Below its usual level
Book value ₹172 a share
- NII growth
- +19.2%
- Profit growth
- +19.0%
- Credit cost
- 0.54%
- Price/book
- 2.60×
- Usual P/B
- 3.0×
- ROA
- 4.30%
- ROE
- 15.6%
- Borrowings/equity
- 2.49×
- Promoter
- 64.51%
- Pledged
- 0.00%
The latest earnings call · Apr to Jun 2026 · transcript filed 4 Aug 2026
The transcript is ready to read; its call notes appear here once they are written.
Is it expensive, and is it a good business?
Key ratios
In short Priced below its own usual level (P/B 2.60× vs 3.0×), earns about 15.6% a year on shareholders' money (ROE, an estimate), loses about 0.54% of its loans a year to bad loans (credit cost, an estimate) & borrows ₹2.49 for every ₹1 of shareholders' money.
What you pay Valuation
The share price is 2.6 times the accounting value of each share. Below its 1-year median of 3.0×.
Latest BSE close ÷ book value per share (equity ÷ shares) on the latest balance-sheet date. As of 19th October 2026.
Each share is backed by about ₹172 of net assets on the books.
Shareholders' equity ÷ shares. As of 31st March 2026.
The company paid no dividend in the last 12 months.
Dividends per share with an ex-date in the last 12 months (restated for any split or bonus since) ÷ the latest BSE close. As of 19th October 2026.
How it is doing Growth, credit costs, returns & borrowing
NII was 19.2% higher than in Q1 FY26.
Latest quarter's net interest income (interest income less finance costs) vs the same quarter a year earlier. As of 30th June 2026.
Profit was 19.0% higher than in Q1 FY26.
Latest quarter's profit vs the same quarter a year earlier (the shareholders' share when the filings give it for both). As of 30th June 2026.
Its credit losses come to about 0.54% of its loans for a year, on Q1 FY27's figure.
Latest quarter: credit losses (impairment on financial instruments) × 4 ÷ the average loan book on the two latest balance sheets. An estimate, as balance sheets come every six months. As of 30th June 2026.
Each ₹100 of its assets earned about ₹4.30 in a year, on Q1 FY27's profit.
Latest quarter: the quarter's profit, a year's worth (× 4), ÷ average total assets on the two latest balance sheets. An estimate, as balance sheets come every six months. As of 30th June 2026.
Each ₹100 of shareholders' money earned about ₹15.6 in a year, on Q1 FY27's profit.
Latest quarter: the quarter's profit, a year's worth (× 4), ÷ average shareholders' equity on the two latest balance sheets. An estimate, as balance sheets come every six months. As of 30th June 2026.
It has borrowed ₹2.49 for every ₹1 of shareholders' money.
Borrowings ÷ shareholders' equity on the latest balance sheet. As of 31st March 2026.
Who owns it Ownership & more
The founders or parent group own 64.51% of the company.
Promoter & promoter group shareholding from the latest shareholding pattern filed with BSE. As of 30th September 2026.
Promoter holding fell by 0.15 percentage points last quarter.
Latest quarter's promoter holding minus the previous quarter's. As of 30th September 2026.
Promoter holding, quarter by quarter
- Sep 202664.51%
- Jun 202664.66%
- Mar 202664.90%
- Dec 202575.19%
- Sep 202575.32%
Promoters reported no pledged shares.
A further 40.31% of the promoter group's shares is otherwise encumbered (40.31% in all).
Promoter group shares pledged ÷ all the promoter group's shares, from the shareholding pattern filed with BSE each quarter (other encumbrances, such as non-disposal undertakings, are not counted). As of 30th September 2026.
Pledged, quarter by quarter
- Sep 20260.00%
- Jun 20260.00%
- Mar 20260.00%
- Dec 20250.00%
- Sep 20250.00%
Each share has a face (nominal) value of ₹10. It matters for dividends quoted as a percentage, not for valuation.
Face value per share as BSE lists it today.
About 43.84 crore shares were in issue.
BSE's count of listed shares (BSE's market cap ÷ its price), so splits, bonuses & new shares since the latest results are included. As of 19th October 2026.
Your ratios
Ratios you added. Your choices are remembered on this device.
The stock market values the company at about ₹19,590 crore.
Latest BSE close × BSE's count of listed shares. As of 19th October 2026.
Buying the whole business, including its debt and keeping its cash, would cost about ₹37,119 crore.
Market value + borrowings − cash & bank balances. As of 19th October 2026.
The company reported ₹1,141 crore of profit over the last four quarters.
Sum of the last four quarters' reported profit after tax. As of 30th June 2026.
Each share earned about ₹26.28 over the last year.
Sum of the last four quarters' basic EPS. Uses earnings per share from continuing operations, so a one-off gain from selling a business does not flatter it. As of 30th June 2026.
Each share is backed by about ₹172 of net assets on the books.
Shareholders' equity ÷ shares. As of 31st March 2026.
About ₹76.2 of every ₹100 of sales was left after running costs.
EBITDA ÷ revenue over the last four quarters. As of 30th June 2026.
About ₹28.4 of every ₹100 of sales became profit last quarter.
Profit after tax ÷ revenue for the latest quarter. As of 30th June 2026.
Sales were 17.1% higher than a year earlier.
Latest quarter's revenue vs the same quarter last year. As of 30th June 2026.
Profit was 19.0% higher than a year earlier.
Latest quarter's profit after tax vs the same quarter last year (continuing operations when a one-off discontinued item exists). As of 30th June 2026.
No accepted balance sheet for this basis yet.
Current assets ÷ current liabilities. As of 31st March 2026.
Needs four consecutive quarters.
Trade receivables ÷ last 12 months' revenue × 365. As of 31st March 2026.
Stock on hand equals about 0 days of sales.
Inventories ÷ last 12 months' revenue × 365. As of 31st March 2026.
1.1% of pre-tax profit came from other income (interest, dividends, gains).
Other income ÷ profit before tax, last 12 months. As of 30th June 2026.
Each ₹1 of profit brought in ₹-2.56 of operating cash.
Latest full year's cash from operations ÷ profit after tax. As of 31st March 2026.
Borrowings exceed cash by ₹17,529 crore.
Cash & bank balances − borrowings. As of 31st March 2026.
The company paid about 22.1% of its pre-tax profit as tax.
Tax expense ÷ profit before tax (continuing operations), last 12 months. As of 30th June 2026.
Operating profit before interest, depreciation & tax was ₹2,908 crore.
Revenue − expenses + finance costs + depreciation, last four quarters. As of 30th June 2026.
Needs five financial years of cash flows.
Sum over five financial years of (cash from operations − capital expenditure).
The company spent ₹19 crore on plant & equipment.
Purchase of property, plant & equipment, latest full year. As of 31st March 2026.
Borrowings stood at ₹18,744 crore.
Current + non-current borrowings. As of 31st March 2026.
Foreign institutions own 4.11%.
Foreign institutional holding from the latest shareholding pattern. As of 30th September 2026.
Domestic institutions own 11.50%.
Domestic institutional holding (mutual funds, insurers, banks, pension funds). As of 30th September 2026.
The highest price in the last year was ₹563.
Highest intraday BSE price in the last 12 months (raw, not adjusted). As of 6th July 2026.
The lowest price in the last year was ₹425.05.
Lowest intraday BSE price in the last 12 months (raw, not adjusted). As of 2nd March 2026.
The share price moved -12.9% over the last year.
Close today ÷ close a year ago − 1 (raw prices, dividends not included). As of 19th October 2026.
About 0% of the last year's earnings per share was paid out as dividends.
Dividends per share with an ex-date in the last 12 months ÷ the last four quarters' EPS. As of 30th June 2026.
Needs four financial years of results (three years of growth).
Compound annual growth in revenue over three financial years.
Needs four financial years of results (three years of growth).
Compound annual growth in profit after tax over three financial years.
Tap the i beside any ratio for a plain explanation.
How these are worked out
Price-based ratios use the latest BSE close (19th October 2026). Share count 43.84 crore, from paid-up capital in the 19th October 2026 filing. Figures are consolidated.
What you pay: Banks & other lenders are valued on their books, so P/B (price ÷ book value per share) stands where P/E would.
How it is doing: Growth is on the same period a year earlier. The credit cost is a year's credit losses on its average loans: lower is better. ROA & ROE take the latest results' profit for a year on the average of the two latest balance sheets. Borrowings ÷ equity shows how much of its lending runs on borrowed money.
Who owns it: A steady promoter stake with nothing pledged is a calm sign.
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Last 4 quarters ₹ crore · Consolidated
| ₹ crore | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|
| Interest income | 799.4 | 833.0 | 851.5 | 886.6 |
| Net interest income (NII) | 457.8 | 485.5 | 508.1 | 510.3 |
| Credit losses | 13.2 | 17.5 | 10.2 | 31.7 |
| Cost-to-income | 36.2% | 34.1% | 37.1% | 36.3% |
| One-off items | – | −15.9 | – | – |
| Profit after tax | 266.5 | 281.2 | 310.9 | 282.4 |
| Profit after tax without one-offs | 266.5 | 293.2 | 310.9 | 282.4 |
| Basic EPS (₹) | 6.16 | 6.49 | 7.16 | 6.47 |
One-off items: exceptional items reported separately in the filing. Profit without one-offs takes them out after tax at 25%.
Latest filings BSE
Corporate announcements 20
- 16 Oct 2026Change in Management
- 9 Oct 2026Asset Liability Management (ALM) statement
- 8 Oct 2026Half Yearly Report (SEBI Circular No. CIR/IMD/DF-1/67/2017)
Quarterly results 0
None in the filings we hold.
Conference calls 4
- 16 Sep 2026Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulation, 2015 - Cancellation Of Participation In The Investor Meeting.
- 15 Sep 2026Analyst / Investor Meet - Intimation
- 20 Aug 2026Analyst / Investor Meet - Intimation
Investor presentations 0
None in the filings we hold.
Members see every filing, and what each means for the company in Corporate Intelligence.
The full Company File
- Price, P/E, P/B & returns charts
- Growth vs last year, explained
- Lender numbers, each with its last 8 quarters
- Accounts checks
- Who owns it
- 8 quarters, balance sheet & cash flow
- Every BSE filing, in four panels
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