BSE: 541988 | NSE: AAVAS | Finance - Housing | Mid Cap
1. Is Aavas Financiers Ltd a good quality company?
Past 10 year's financial track record analysis by Moneyworks4me indicates that Aavas Financiers Ltd is a good quality company.
2. Is Aavas Financiers Ltd undervalued or overvalued?
The key valuation ratios of Aavas Financiers Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
3. Is Aavas Financiers Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Aavas Financiers Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
|Operating Income (₹ Cr.)||17.4||54.3||104||191||305||494||710||902||1,103||1,304||1,524|
|YoY Gr. Rt. %||-||212.3%||90.9%||84.1%||59.9%||61.8%||43.9%||27.1%||22.3%||18.2%||-|
|Adj EPS (₹ )||0.7||2.1||5.8||8.5||9.8||13.5||22.5||31.8||36.9||45.2||53|
|YoY Gr. Rt. %||-||207.3%||173.6%||47.2%||15%||37.1%||67.3%||41.3%||15.9%||22.6%||-|
|BVPS (₹ )||10.7||18.5||30.8||53.1||97.4||167.2||234.2||266.4||303.6||351.9||397|
|YoY Gr. Rt. %||-||73.4%||66.4%||72.3%||83.4%||71.8%||40.1%||13.7%||14%||15.9%||-|
|To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ|
|Net Profit/Total Funds (%)||1.8||2.1||3||2.6||2.8||2.9||3.6||3.8||3.5||3.6||0|
CAGR ⓘCAGR Colour Code Guide ⓘ
|9 Years||5 Years||3 Years||1 Years|
|Net Interest Income||61.6%||33.7%||22.5%||18.2%|
Key Financial Ratios
|RATIOS \ YEARS||Mar'13||Mar'14||Mar'15||Mar'16||Mar'17||Mar'18||Mar'19||Mar'20||Mar'21||Mar'22||TTM|
|Asset Quality Ratio||To view Asset Quality Ratio Colour Rating Guide click here ⓘ|
|Net NPA to Net Advances (%)||0||0||0||0||0||0||0||0||0||0||-|
|Capitalization Ratio||To view Capitalization Ratio Colour Rating Guide click here ⓘ|
|Capital Adequacy Ratio (%)||0||0||0||0||0||0||0||0||0||0||-|
|Net Profit Margin (%)||10.8||11.7||18.4||17.2||18.7||18.9||24.8||27.6||26.2||27.4||27.5|
|Performance Ratios||To view Performance Ratios Colour Rating Guide click here ⓘ|
|Return on Equity (%)||6.7||15||24.3||21.5||14.8||10.8||11.8||12.7||13||13.8||13.3|
Return on Equity has increased versus last 3 years average to 14.20%
Total Income has increased 22.48 CAGR in last 3 years
Net Profit has increased 26.14 CAGR in last 3 years
Total income growth is good in last 4 quarters
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|TTM EPS (₹)||53||52.9|
|TTM Sales (₹ Cr.)||1,524||1,524|
|BVPS (₹.) ⓘ||397||396.7|
|Reserves (₹ Cr.) ⓘ||3,060||3,057|
|From the Market|
|52 Week Low / High (₹)||1614.05 / 2632.95|
|All Time Low / High (₹)||611.50 / 3336.95|
|Market Cap (₹ Cr.)||13,561|
|Equity (₹ Cr.)||79.1|
|Face Value (₹)||10|
|Industry PE ⓘ||23.2|
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.
Awards and Recognition
Major events and milestones