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India Shelter Finance Corporation Ltd share Price Today

Company details

667.55
707.00
519.15
725.10
6M Return 0.00%
1Y Return 28.44%
Mkt Cap.(Cr) 7,489.29
Volume 367,460
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 367,460

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Housing Finance company India Shelter Finance Corporation announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Profit after tax grew by 47% YoY to Rs 78 crore in Q4FY24 as against Rs 53 crore in Q4FY23
  • In Q4FY24, the company delivered RoA of 5.4% as against 5.1% in Q4FY23
  • In Q4FY24, cost of funds was maintained at 8.8%.
  • Credit Cost for the quarter stable at 0.4%

FY24 Financial Highlights:

  • Profit after tax grew 59% YoY to Rs 248 crore in FY24 as against Rs 155 crore in FY23 
  • RoA improved to 4.9% in FY24 from 4.1% in FY23
  • RoE stood at 14% for FY24
  • The company continues to deepen its presence by adding 8 new branches during the quarter, the company has 223 branches in 15 states as of 31st March’24.
  • Gross Stage 3 and Net Stage 3 improved to 1.0% and 0.7% as of 31st March 2024 as against 1.1% and 0.8% as of 31st March 2023
  • 30 DPD stable at 2.4% as of 31st March 2024
  • Networth at Rs 2,299 crore as of March’24. The company continues to carry a liquidity of Rs 1,210 crore as of March’24. 

Commenting on the performance, Rupinder Singh, Managing Director, and CEO of India Shelter Finance Corporation said: “It has been a good year for India Shelter, marked by strong financial performance and rapid footprint expansion for sustaining high growth. This year also marked a significant milestone for us of completion of our Initial Public Offering and subsequent listing on the NSE & BSE on December 20, 2023. This momentous occasion was the culmination of years of dedication and perseverance. It was a surreal and humbling experience as we rang the ceremonial bell, ushering in a new era of growth and opportunity for India Shelter.

India Shelter now operates out of 223 branches in 15 states. We added 40 new branches in FY24. During the year, we witnessed strong AUM growth of 40% YoY, led by a 35% YoY increase in disbursements. Our margins remained in line with our guidance for the medium term at 6%. In terms of asset quality our stage 3 improved by 16bps YoY to 1.0%.

I’m delighted to inform you all that in the current tight liquidity situation, India Ratings and Research has assigned AA- (Stable) as our long-term rating.

As we look ahead, we remain determined to pursue providing affordable housing solutions and empowering the underserved segments of our society. With our strong foundation, innovative spirit, and commitment to excellence, we are confident in our ability to create long-term value for all our stakeholders while positively impacting the lives of countless individuals and communities.”

Result PDF

View Other Company Results

India Shelter Finance Corporation Ltd shares SWOT Analysis

Strengths (10)

  • Good quarterly growth in the recent results
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Growth in Quarterly Net Profit with increasing Profit Margin (YoY)

Weakness (2)

  • Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (0)

Data not found

Threats (1)

  • Increase in Provisions in Recent Results

Resistance and support

R1 715.2
R2 730.8
R3 754.7
Pivot

691.38

S1 675.8
S2 651.9
S3 636.3
EMA SMA
618.2
600.7
596.5
-
605.3
594.7
602.1
-
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
MADISON INDIA OPPORTUNITIES TRUST FUND Bulk Sell 2024-06-13 665.11 1135000 BSE
NIPPON INDIA MUTUAL FUND Bulk Purchase 2023-12-20 572.81 1010000 NSE
MUSIGMA SECURITIES Bulk Purchase 2023-12-20 571.8 774568 NSE
Name Category Shares
ANIL MEHTA PROMOTER 1.47%
ARAVALI INVESTMENT HOLDINGS PROMOTER 26.55%
WESTBRIDGE CROSSOVER FUND, LLC PROMOTER 20.28%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

India Shelter Finance Corporation Ltd Stocks COMPARISON

Financials( in Cr) India Shelter Finance Corporation Ltd Bajaj Finance Ltd Bajaj Finserv Ltd Indian Railway Finance Corporation Ltd Jio Financial Services Ltd
Price 699.60 7,341.55 1,591.75 174.80 357.00
% Change 4.93 0.64 0.10 -0.19 -1.05
Mcap Cr 7,489.29 454,439.01 253,961.96 228,437.48 226,812.24
Revenue TTM Cr 829.71 41,398.35 82,071.70 23,891.95 44.84
Net Profit TTM Cr 247.60 11,507.69 12,209.54 6,337.01 31.25
PE TTM 30.26 31.44 31.21 35.59 141.13
1 Year Return 28.44 2.44 7.10 429.70 43.43
ROCE 12.24 11.76 12.69 5.32 0.03
ROE 13.99 23.46 28.18 14.66 0.02
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 2,298.67 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 33,119.99 -408.46
LAST 3M 113,155.52 -36,230.77
LAST 6M 183,603.09 -15,050.11
LAST 12M 290,144.87 98,834.05

India Shelter Finance Corporation Ltd Information

Stock PE (TTM)
30.26
Promoter Holding
48.3%
Book Value
214.7259
ROCE
12.24%
ROE
13.99%
Description
  • India Shelter Finance Corporation Ltd was incorporated under the name "Satyaprakash Housing Finance India Limited" on October 26, 1998, as a Public Limited Company, pursuant to a Certificate of Incorporation dated October 26, 1998. A Certificate for Commencement of Business dated November 18, 1998, was granted to "Satyaprakash Housing Finance India Limited" by the Registrar of Companies, Madhya Pradesh at Gwalior. Pursuant to Change of the Name of Company from "Satyaprakash Housing Finance India Limited" to "India Shelter Finance Corporation Limited", as approved by Shareholders, Company was issued a fresh Certificate of Incorporation dated July 8, 2010, by the Registrar of Companies, Madhya Pradesh and Chhattisgarh at Gwalior. A Certificate of Registration dated September 14, 2010 was granted to Company by the National Housing Bank (NHB) to carry on the business of a housing finance institution without accepting public deposits. The Company is a retail housing finance company with a distribution network of 183 branches in the States of Rajasthan, Maharashtra, Madhya Pradesh, Karnataka and Gujarat and a scalable technology infrastructure. The Company has presence in states which cover nearly 94% of the affordable housing finance market in India. The Company leverage technology and analytics across the operations and throughout the customer life cycle including onboarding, underwriting, asset quality monitoring, collections and customer services. The Company has introduced a paperless approach to customer acquisition and onboarding, with mobile solutions in different stages of lending process. On these solutions, the iSales application integrates, streamlines and optimizes customer acquisition process whereas IndiaShelter iCredit application facilitates underwriting. Overall sales and productivity is enhanced while maintaining customer relationships combining digital solutions with personal interaction. The Company introduced IndiaShelter iServe application service, designed to address concerns and queries from the existing customers online. Apart from these, the Company has an integrated customer relationship management and loan management system set up on a cloud-based platform, providing with connectivity and access to real time information for customers. The IT systems allows them to increase productivity, reduce turnaround times and transaction costs. It has adopted the key aspects of lending operations including customer acquisition, underwriting, collateral valuation, legal assessment, and collections. This allows the customers to directly connect with our customers, minimize turnaround times, increases customer retention, and mitigate the risk of fraudulent activities. The underwriting processes are customized to access creditworthiness of the low and middle-income segment and as a result, have developed data centric and iterative processes. The Company has different and separate verticals to underwrite customer`s creditworthiness, collateral legal verification, and collateral valuation which work in parallel and are independent to each other. In 2009, the Company was taken over by the Individual Promoter. In 2010, the Company started operations by opening the first branch in Rajasthan. In 2016, the Company opened first branch in Southern India in Karnataka State through expansion of geographical presence. In 2023, the Asset Under Management (AUM) crossed Rs 4,359.4 Crores. The Company is planning issuing Equity Shares aggregating upto Rs 1800 Crores, comprising Rs 1000 Crores Equity Shares through Fresh Issue and Rs 800 Crores through Offer for Sale.

Registered Address

6th Flr Plot # 15 Sector 44, Institutional Area, Gurugram, Haryana, 122002

Tel : +91 124 413 1800
Email : compliance:indiashelter.in
Website : http://www.indiashelter.in
Registrar

KFin Techologies Ltd

AGM Date (Month) :
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 544044
NSE Code : INDIASHLTR
Book Closure Date (Month) :
BSE Group : B
ISIN : INE922K01024

FAQ’s on India Shelter Finance Corporation Ltd Shares

You can buy India Shelter Finance Corporation Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy India Shelter Finance Corporation Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 14, 2024 03:57 PM the closing price of India Shelter Finance Corporation Ltd was Rs.699.60.

The latest PE ratio of India Shelter Finance Corporation Ltd as of Jun 14, 2024 03:57 PM is 30.26

The latest PB ratio of India Shelter Finance Corporation Ltd as of Jun 14, 2024 03:57 PM is 0.31

The 52-week high of India Shelter Finance Corporation Ltd share price is Rs. 725.10 while the 52-week low is Rs. 519.15

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 14, 2024 03:57 PM, the market cap of India Shelter Finance Corporation Ltd stood at Rs. 7,489.29.

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