Aavas Financiers Limited
"AFL, a housing finance company, was incorporated in February 2011 as a subsidiary of AU Small Finance Bank (rated ‘CARE AA; Stable’). It received the NHB License – Certificate of Registration on August 04, 2011, and commenced operations from March 2...
Key Metrics
EPS
62.04
Current ratio
7.67
Debt/Equity
-
Debt/EBITDA
3.38
Interest coverage ratio
19.37
Operating Cashflow to total debt
-
Financials
Pros & Cons
Exclusive on TAP Bonds
Here's what we like about this company and potential risks we have identified.
Pros
Experienced board of directors and management team
Robust capitalization
Diversified resource profile
Healthy financial risk profile
Asset quality under control
Liquidity: Strong
Cons
Exposure to relatively vulnerable borrower segment
High geographical concentration, though improving
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About Aavas Financiers Limited bond.
This comprehensive profile covers key factual information about Aavas Financiers Limited. "AFL, a housing finance company, was incorporated in February 2011 as a subsidiary of AU Small Finance Bank (rated ‘CARE AA; Stable’). It received the NHB License – Certificate of Registration on August 04, 2011, and commenced operations from March 2012. In June 2016, to comply with the RBI guidelines, AU SFB divested majority of its shareholding to two private equity players – Kedaara Group and Partners Group. As on March 05, 2024, the Kedaara group holds 15.6% stake in AFL, the Partners Group holds 10.9% stake, and the remaining 73.5% is held by the public, including management team of AFL and marquee investors. AFL is engaged in providing retail home loans with focus on affordable housing segment to customers in semi-urban and rural regions. As on December 31, 2023, the company operates through a network of 351 branches in 13 states – Rajasthan, Maharashtra, Gujarat, Madhya Pradesh, Delhi, Haryana, Punjab, Chhattisgarh, Uttar Pradesh, Uttarakhand, Himachal Pradesh, Odisha and Karnataka. " EPS in Mar-2024 was 62.04. Current ratio in Mar-2024 was 7.67. Debt/Equity in Mar-2024 was . Debt/EBITDA in Mar-2024 was 3.38. Interest coverage ratio in Mar-2024 was 19.37. Operating Cashflow to total debt in Mar-2024 was . Total revenue for Mar-2025 (E) was ₹2211.32. Net income for Mar-2025 (E) stood at ₹549.94. Total assets as of Mar-2024 were ₹16,519.47. Operating cash flow for Mar-2024 was ₹-1,986.59. The company’s borrowing relationships include Axis Bank Limited (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), ICICI Bank Limited (₹N/A Cr), Induslnd Bank Limited (₹N/A Cr), Kotak Mahindra Bank Limited (₹N/A Cr), State Bank of India (₹N/A Cr), Axis Bank Limited (₹N/A Cr), Bandhan Bank Limited (₹N/A Cr), Bank of Baroda (₹N/A Cr), Canara Bank (₹N/A Cr), Central Bank of India (₹N/A Cr), CSB Bank Limited (₹N/A Cr), Federal Bank (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), IDBI Bank Limited (₹N/A Cr), Indian Bank (₹N/A Cr), Induslnd Bank Limited (₹N/A Cr), Karnataka Bank Limited (₹N/A Cr), Kotak Mahindra Bank Limited (₹N/A Cr), Proposed (₹N/A Cr), Punjab National Bank (₹N/A Cr), SBI Life Insurance Company Limited (₹N/A Cr), Shinhan Bank (₹N/A Cr), Small Industries Development Bank of India (₹N/A Cr), South Indian Bank Limited (₹N/A Cr), State Bank of India (₹N/A Cr), UCO Bank (₹N/A Cr), Union Bank of India (₹N/A Cr). Peers and comparison entities consist of Aavas Financiers Limited, LIC Housing Finance Limited , PNB Housing Finance Limited , Aptus Value Housing Finance India Limited . As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Experienced board of directors and management team; Robust capitalization; Diversified resource profile; Healthy financial risk profile; Asset quality under control; Liquidity: Strong. Key risks include: Exposure to relatively vulnerable borrower segment; High geographical concentration, though improving. Leadership team details include Anshul Bhargava (Chief People Officer), Ashutosh Atre (President & Chief Risk Offcer), Ghanshyam Rawat (CFO & President), Jijy Oommen (Chief Technology Officer), Kalpana Kaushik Mazumdar (Independent Director), Manas Tandon (Non Executive & Nominee Director), Nishant Sharma (Non Executive & Nominee Director), Rahul Mehta (Non Executive & Nominee Director), Rajaram Balasubramaniam (Chief Strategy Officer), Rajeev Sinha (Executive Vice President), Ramachandran Venkatesh (Head - Internal Audit), Ramchandra Kasargod Kamath (Non Executive & Nominee Director), Ripudaman Bandral (Chief Credit Officer), Sachinderpalsingh Jitendrasingh Bhinder (Managing Director & CEO), Sandeep Tandon (Chairperson & Independent Director), Selvin Uthaman (Chief Business Officer), Sharad Pathak (Company Secretary & Compliance Officer), Soumya Rajan (Independent Director), Vivek Vig (Non Executive & Nominee Director). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.