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AAVAS Financiers Ltd share Price Today

Company details

1,876.05
1,920.00
1,307.00
1,978.95
6M Return 27.95%
1Y Return 40.35%
Mkt Cap.(Cr) 15,152.94
Volume 184,381
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 184,381

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Housing Finance company Aavas Financiers announced Q4FY24 & FY24 results:

Financial Highlights:

  • Assets under Management (AUM) of the company grew by 22.2% YoY at ~Rs 173 billion.
  • Disbursement in Q4FY24 grew strongly to report the highest-ever quarterly disbursements with growth of 39% QoQ and 20% YoY to Rs 18.93 billion.
  • Net Profit grew by 15% YoY to Rs 4.91 billion for FY24 led by 17% YoY growth in Net Total Income.
  • In Q4FY24, our Net Profit grew by 22% QoQ.
  • Spread and NIM during the quarter stood at 5.06% and 7.91% respectively.
  • Gross Stage 3 is at 0.94% comprising 0.82% of >90 DPD assets & 0.12% of up to 90 DPD assets (categorized as GNPA/Gross Stage 3 on account of RBI notification) and Net Stage 3 is 0.67%
  • In terms of Borrowings mix, 91.0% of our borrowings are from Term Loans, Assignment, and NHB Refinancing, 9.0% of our borrowings are from debt capital market (of which 76.6% is from development finance institutions like IFC, CDC & ADB), with no borrowings through CPs.
  • Net Worth grew by 15% YoY to Rs. 37,733 million as of 31st Mar 2024.
  • The total number of branches stands at 367 as of 31st Mar 2024.  

Commenting on the performance Sachinder Bhinder, Managing Director & Chief Executive Officer, said: “Dear All, India is about to embark on a ten-year economic trajectory. Given its low mortgage penetration and severe urban housing shortage across income levels and geographic areas, the housing industry is poised to be a bellwether among all other industry sectors. We strongly believe that we can continue our momentum in serving the unserved, underserved, and underbanked customers in Tier 2 to Tier 5 markets, with relentless focus on risk-adjusted returns.

FY24 has been the year of transformation and transition where we have undergone the technology transformation coupled with management transition despite of this the company has delivered on its stated guidance of AUM growth as well as on profitability. In Q4FY24, we delivered the highestever quarterly disbursement with growth of 39% QoQ & 20% YoY.

Green Shoots in technology transformation are already visible with TAT improvement and in turn resulting in better customer service. We are confident that this tech transformation would benefit us improving productivity and efficiency across organization.

Aavas now does business across 367 branches in 13 States. We have added 21 new branches in FY24. We continue to deepen our footprint in the states where we are already present in a contiguous manner.

Our prudent management of cash and strong liability profile enabled us to contain the cost of borrowing and maintain our spreads in line with guidance of around 5%. The company is well capitalized with CRAR of 44% as of Mar-2024 and sufficient balance sheet liquidity of Rs 30.3 billion.

The Company’s focused granular underwriting risk practices & collections efforts backed by technology, led to an improvement in 1 days past due from 3.30% in Mar-2023 to 3.12% in Mar-2024. Portfolio health remains strong with Gross Stage 3 at 0.94% in Mar-2024.

We continue to maintain razor-sharp focus on Governance, Asset Quality, Profitability, and Growth leveraging technology, and creating superior customer experience. We remain optimistic about the future and are confident that our strategic initiatives will continue to drive sustainable growth and shareholder value.”

Result PDF

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AAVAS Financiers Ltd shares SWOT Analysis

Strengths (10)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Growth in Net Profit with increasing Profit Margin (QoQ)

Weakness (4)

  • Promoter holding decreased by more than -2% QoQ
  • Inefficient use of assets to generate profits - ROA declining in the last 2 years
  • Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years

Opportunity (2)

  • Decrease in Provision in recent results
  • RSI indicating price strength

Threats (1)

  • Promoter decreasing their shareholding

Resistance and support

R1 1,931.1
R2 1,947.5
R3 1,975.1
Pivot

1,903.58

S1 1,887.2
S2 1,859.6
S3 1,843.2
EMA SMA
1,763.7
1,656.3
1,591.8
1,579.7
1,720.2
1,639.1
1,532.8
1,550.7
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-04-05 1562.28 447813 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-04-05 1563.43 447813 NSE
SMALLCAP WORLD FUND INC Bulk Sell 2024-04-04 1420.19 582973 BSE
Name Category Shares
Lake District Holdings Limited PROMOTER 15.6%
Partners Group ESCL Limited PROMOTER 7.55%
Partners Group Private Equity (Master Fund), LLC PROMOTER 3.32%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
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AAVAS Financiers Ltd Stocks COMPARISON

Financials( in Cr) AAVAS Financiers Ltd Bajaj Finance Ltd Bajaj Finserv Ltd Indian Railway Finance Corporation Ltd Jio Financial Services Ltd
Price 1,914.70 7,134.25 1,578.90 176.32 360.90
% Change 1.25 -1.01 -0.45 2.33 -1.27
Mcap Cr 15,152.94 441,607.22 251,911.76 230,423.90 229,290.02
Revenue TTM Cr 1,304.45 41,398.35 82,071.70 23,891.95 44.84
Net Profit TTM Cr 355.18 11,507.69 12,209.54 6,337.01 31.25
PE TTM 30.86 30.55 30.94 35.91 142.53
1 Year Return 40.35 -1.58 3.80 432.69 45.00
ROCE 9.49 11.76 12.69 5.32 0.03
ROE 13.64 23.46 28.18 14.66 0.02
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 2,806.03 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 37,632.06 8,630.44
LAST 3M 107,380.98 -14,987.35
LAST 6M 184,073.87 -1,796.10
LAST 12M 295,969.92 99,991.16

AAVAS Financiers Ltd Information

Stock PE (TTM)
30.86
Promoter Holding
26.47%
Book Value
476.7922
ROCE
9.49%
ROE
13.64%
Description
  • Aavas Finance is in the Financial Services sector, having a market capitalization of worth Rs 17,489 Crore. It incorporated its business on November 30, 2017. It has reported consolidated sales of Rs 309.98 crore at the end of December 2020. The Company is also listed in Bombay Stock Exchange (BSE) with the code 541988 and listed on National Stock Exchange (NSE) with the code as AAVAS. They carry on the business of lending/rent-purchase and providing on lease, sub-lease, or on hire, including but not limited to all types of vehicles. Automobiles, manufacturing plants and machinery, office equipment, movable and immovable properties, real estate, household and domestic appliances and equipment, furniture fixtures, and all types of machinery, among other things. The business is a low-cost housing finance company that mainly serves low- and middle-income self-employed customers in India's semi-urban and rural areas. The bulk of its clients are on a tight budget. The business is technology-driven, relying on information technology and data analytics for customer onboarding, underwriting, loan tracking, risk management, and collection functions. The Company invested Rs 150.45 million in information technology systems between fiscal years 2014 and 2018. Customers may get home loans from the Company for the purchase or construction of a home and the expansion and renovation of existing housing units. Customers may get other mortgage loans, such as loans against the land, in addition to home loans. More than 62500 customers have been served since the Company began operations in March 2012. Aavas Financiers has pursued a policy of continuous on-ground expansion across continents, and it currently operates through 166 branches in 95 districts across eight states, with a strong presence in the four states of Rajasthan, Gujarat, Maharashtra, and Madhya Pradesh. The Company obtains funding 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, international, and multilateral financial institutions. The Company is managed by a competent management team, and the Company's Key Managerial Personnel own 7.19 per cent of the Company's outstanding equity interest. The Company increased its branch network to 165 branches as of March 31, 2018, expecting to extend its operations to newer geographies in 2018-19.

Registered Address

201-202 2nd Floor Southend, Square Mansarvor Industrial Ar, Jaipur, Rajasthan, 302020

Tel : 91-141-6618800
Email : ipo:aavas.in
Website : http://www.aavas.in
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 541988
NSE Code : AAVAS
Book Closure Date (Month) :
BSE Group : A
ISIN : INE216P01012

FAQ’s on AAVAS Financiers Ltd Shares

You can buy AAVAS Financiers Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy AAVAS Financiers Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 21, 2024 03:58 PM the closing price of AAVAS Financiers Ltd was Rs.1,914.70.

The latest PE ratio of AAVAS Financiers Ltd as of Jun 21, 2024 03:58 PM is 30.86

The latest PB ratio of AAVAS Financiers Ltd as of Jun 21, 2024 03:58 PM is 0.25

The 52-week high of AAVAS Financiers Ltd share price is Rs. 1,978.95 while the 52-week low is Rs. 1,307.00

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 21, 2024 03:58 PM, the market cap of AAVAS Financiers Ltd stood at Rs. 15,152.94 Cr.

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