- 17 Apr 2025
- ICICIdirect Research
AADHAR HOUSING FINANCE LTD (AHFL) AIMS TO DOUBLE ITS AUM TO ₹50,000 CRORE
AADHARHFC - 449 Change: -8.85 (-1.93 %)News: Aadhar Housing Finance Ltd (AHFL) aims to double its AUM to ₹50,000 crore over the next four years, targeting 21–22% annual growth in disbursements and adding 60–70 branches each year. It has raised ₹1,000 crore via a pre-IPO capital round and plans to diversify borrowings further through ECBs and other non-bank sources. AHFL is actively engaging with rating agencies to upgrade its current “AA” rating to “AAA”, leveraging strong governance and steady growth. On the physical expansion front, it is now expanding deeper into tier-3, -4, and -5 towns, where loan yields are stronger and average ticket sizes are around ₹5 lakh. The company sees demand revival aided by schemes like PMAY, SWAMIH, and CRGFTLIH, and expects disbursement and profit after tax to grow annually at 21–22% and 20%, respectively.
View: Aggressive growth through expansion into underserved rural markets, a focus on small-ticket loans in high-yield geographies, support from government housing initiatives, and a potential rating upgrade on the horizon position the company structurally for its next phase of scale-up.
Impact: Positive