Aadhar Housing Finance Limited
AHFL is a housing finance company engaged in providing housing finance to the lower income segment of the society. AHFL was set up in May 2010 and commenced operations in February 2011. In FY17, AHFL was merged with DHFL Vysya Housing Finance Limited...
Key Metrics
EPS
18.99
Current ratio
2.42
Debt/Equity
3.29
Debt/EBITDA
14.93
Interest coverage ratio
-
Operating Cashflow to total debt
-0.17
Financials
Pros & Cons
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Here's what we like about this company and potential risks we have identified.
Pros
Comfortable capitalisation levels supported by regular equity infusion by investors
Leading market share in affordable housing segment with geographically diversified operations
Healthy profitability parameters
Diversified resource profile with wider access to lenders and increased market borrowings post-acquisition by Blackstone
Asset quality supported by a retail housing finance portfolio
Experienced management
Liquidity: Strong
Cons
Moderate seasoning of portfolio
Exposure to economically weaker borrower segment
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About Aadhar Housing Finance Limited bond.
This comprehensive profile covers key factual information about Aadhar Housing Finance Limited. AHFL is a housing finance company engaged in providing housing finance to the lower income segment of the society. AHFL was set up in May 2010 and commenced operations in February 2011. In FY17, AHFL was merged with DHFL Vysya Housing Finance Limited, and the merged entity was named Aadhar Housing Finance Limited. As on June 2024, through its fund BCP Topco VII Pte. Ltd, Blackstone Private Equity holds 76.48% stake in AHFL and the balance is held by FIIs (4.47%), DIIs (7.17%), and public (11.88%). AHFL’s operations now span across 21 states with around 536 branches with an AUM of ₹21,726 crore as on June 30, 2024, spanning across home loans and LAP. The company has a total employee base of 3,931 (as on March 31, 2024) and it sources its business through a network of direct selling teams (DSTs), direct selling agents (DSAs), and Aadhar Mitras. In May 2024, the company got listed on NSE and BSE, post which Blackstone holds 76.48% stake in the company. EPS in Mar-2024 was 18.99. Current ratio in Mar-2024 was 2.42. Debt/Equity in Mar-2024 was 3.29. Debt/EBITDA in Mar-2024 was 14.93. Interest coverage ratio in Mar-2024 was . Operating Cashflow to total debt in Mar-2024 was -0.17. Total revenue for Mar-2025(E) was ₹2724.40. Net income for Mar-2025(E) stood at ₹851.39. Total assets as of Mar-2024 were ₹19,092.67. Operating cash flow for Mar-2024 was ₹-2,428.84. The company’s borrowing relationships include Axis Bank Limited (₹N/A Cr), Bank of Baroda (₹N/A Cr), Citibank N A (₹N/A Cr), DBS Bank India Limited (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), IDBI Bank Limited (₹N/A Cr), Indian Bank (₹N/A Cr), Indian Overseas Bank (₹N/A Cr), Karnataka Bank Limited (₹N/A Cr), Kotak Mahindra Bank Limited (₹N/A Cr), National Housing Bank (₹N/A Cr), Punjab National Bank (₹N/A Cr), Shinhan Bank (₹N/A Cr), State Bank of India (₹N/A Cr), The Hongkong and Shanghai Banking Corporation Limited (₹N/A Cr), UCO Bank (₹N/A Cr), Union Bank of India (₹N/A Cr), Axis Bank Limited (₹N/A Cr), Bank of Baroda (₹N/A Cr), Bank of India (₹N/A Cr), Central Bank of India (₹N/A Cr), DBS Bank India Limited (₹N/A Cr), Federal Bank (₹N/A Cr), HSBC Limited (₹N/A Cr), Proposed (₹N/A Cr), State Bank of India (₹N/A Cr). Peers and comparison entities consist of Aadhar Housing Finance Limited, Bajaj Finance Limited, Jio Financial Services Limited, Shriram Finance Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Comfortable capitalisation levels supported by regular equity infusion by investors; Leading market share in affordable housing segment with geographically diversified operations; Healthy profitability parameters; Diversified resource profile with wider access to lenders and increased market borrowings post-acquisition by Blackstone; Asset quality supported by a retail housing finance portfolio; Experienced management; Liquidity: Strong. Key risks include: Moderate seasoning of portfolio; Exposure to economically weaker borrower segment. Leadership team details include Amit Dixit (Non Executive & Nominee Director), Deo Shankar Tripathi (Executive Vice Chairman), Harshada Pathak (Company Secretary & Compliance Officer), Mukesh Mehta (Non Executive & Nominee Director), Nivedita Haran (Independent Director), Om Prakash Bhatt (Non Executive Chairman & Independent Director), Prateek Roongta (Non Executive & Nominee Director), Rajesh Viswanathan (Chief Financial Officer), Rishi Anand (Managing Director & CEO), Sharmila A Karve (Independent Director). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.