India Shelter Finance Corporation Limited
India Shelter Finance Corporation Limited (ISFCL) is a housing finance company, which was incorporated in 1998 as Satyaprakash Housing Finance. The company was acquired by the current investors in September 2009. It is focused on the low cost and aff...
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Financials
Pros & Cons
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Here's what we like about this company and potential risks we have identified.
Pros
Strong capital profile to support growth
Comfortable asset quality metrices and profitability indicators
Fairly diversified funding profile
Liquidity position: Strong
Cons
Limited portfolio seasoning and relatively vulnerable borrower profile
Relatively high, albeit improving, geographical concentration
Vulnerability to interest rate movements, given the high share of the fixed rate portfolio
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About India Shelter Finance Corporation Limited bond.
This comprehensive profile covers key factual information about India Shelter Finance Corporation Limited. India Shelter Finance Corporation Limited (ISFCL) is a housing finance company, which was incorporated in 1998 as Satyaprakash Housing Finance. The company was acquired by the current investors in September 2009. It is focused on the low cost and affordable housing segment, targeting self-employed customers in the informal low-and-middle-income segment. As on June 30, 2024, the company’s assets under management (AUM) stood at Rs. 6,700 crore spread across 15 states/UTs. It offers loans to customers for home improvement, home extension, construction of dwelling units on an owned plot of land, home purchase and loan against property. ISFCL had incorporated a 100%-subsidiary in March 2022 – India Shelter Capital Finance Limited (ISCFL) for the purpose of lending as a non-banking financial company (NBFC), catering to the loan against property (LAP) segment. However, regulatory approval for commencing operations is yet to be received. EPS in Mar-2024 was 23.12. Current ratio in Mar-2024 was 6.73. Debt/Equity in Mar-2024 was 1.52. Debt/EBITDA in Mar-2024 was 10.61. Interest coverage ratio in Mar-2024 was . Op Cashflow to total debt in Mar-2024 was -0.35. Total revenue for Mar-2025(E) was ₹1,043.91. Net income for Mar-2025(E) stood at ₹296.39. Total assets as of Mar-2024 were ₹5794.18. Operating cash flow for Mar-2024 was ₹-1,232.33. The company’s borrowing relationships include Bandhan Bank Limited (₹N/A Cr), Bank of Maharashtra (₹N/A Cr), DCB Bank Limited (₹N/A Cr), Equitas Small Finance Bank Limited (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), IndusInd Bank Limited (₹N/A Cr), Karur Vysya Bank Limited (₹N/A Cr), Kotak Mahindra Bank Limited (₹N/A Cr), Nabsamruddhi Finance Limited (₹N/A Cr), National Housing Bank (₹N/A Cr), RBL Bank Limited (₹N/A Cr), South Indian Bank Limited (₹N/A Cr), Sundaram Home Finance Limited (₹N/A Cr), Suryoday Small Finance Bank Limited (₹N/A Cr), UCO Bank (₹N/A Cr), (₹N/A Cr). Peers and comparison entities consist of India Shelter Finance Corporation 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: Strong capital profile to support growth; Comfortable asset quality metrices and profitability indicators; Fairly diversified funding profile; Liquidity position: Strong. Key risks include: Limited portfolio seasoning and relatively vulnerable borrower profile; Relatively high, albeit improving, geographical concentration; Vulnerability to interest rate movements, given the high share of the fixed rate portfolio . Leadership team details include Mr.Ashish Gupta (Chief Financial Officer), Mr.Nilay (Chief Human Resource Officer), Mr.Abhinav Arya (Chief Information Officer), Mr.Sharad Pareek (Chief Risk Officer), Ms.Mukti Chaplot (Company Secretary & Compliance Officer), Mr.Nitin Goel (Head), Mr.Rohit Gaur (Head), Mr.Sudhin Bhagwandas Choksey (Chairman & Non-Executive Director), Ms.Rachna Dikshit (Independent Director), Mr.Thomson Kadantot Thomas (Independent Director), Mr.Parveen Kumar Gupta (Independent Director), Ms.Savita Mahajan (Independent Director), Mr.Rupinder Singh (Managing Director & CEO), Mr.Sumir Chadha (Non Executive & Nominee Director), Mr.Shailesh J Mehta (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.