AAVAS

Aavas Financiers Limited

Affordable housing finance company offering home loans

Financial Services›Financial Services›Finance›Housing Finance Company

aavas.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹1195.20
Market cap
9,477 Cr
Stock P/E
13.8
P/B
1.87
ROE (FY24)
13.0%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Aavas Financiers is an Indian housing finance company that lends home loans and non-housing secured loans, mostly to self-employed customers in smaller towns, through 440 branches (June 2026).

Company snapshot

9thBy market cap

Ranked among 14 companies in Housing Finance Company.

What we see

Positives
  • ✓Net margin of 24.3% — the business keeps a healthy share of every rupee it earns.
Concerns
  • ✗Operating cash flow is negative even though the company shows a profit — the business may not be generating real cash yet.
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Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Net Interest Income222 Cr221 Cr237 Cr245 Cr242 Cr253 Cr271 Cr278 Cr288 Cr299 Cr320 Cr324 Cr
Other income0.78 Cr1 Cr0.78 Cr0.17 Cr1 Cr1 Cr1 Cr0.37 Cr0.43 Cr0.42 Cr0.15 Cr0.38 Cr
Net operating income223 Cr222 Cr238 Cr245 Cr243 Cr255 Cr272 Cr278 Cr289 Cr300 Cr320 Cr324 Cr
Employee cost82 Cr83 Cr96 Cr92 Cr84 Cr91 Cr112 Cr111 Cr113 Cr114 Cr133 Cr122 Cr
Other expenses38 Cr41 Cr37 Cr37 Cr42 Cr42 Cr48 Cr44 Cr46 Cr45 Cr57 Cr48 Cr
Provisions & contingencies————————————
Depreciation8 Cr9 Cr9 Cr9 Cr9 Cr9 Cr10 Cr9 Cr11 Cr11 Cr12 Cr11 Cr
Profit before tax157 Cr150 Cr177 Cr161 Cr190 Cr188 Cr193 Cr179 Cr211 Cr219 Cr231 Cr220 Cr
Tax %22.2%22.1%19.7%21.7%22.2%22.3%20.5%22.3%22.4%22.5%21.3%22.2%
Net profit122 Cr117 Cr143 Cr126 Cr148 Cr146 Cr154 Cr139 Cr164 Cr170 Cr182 Cr171 Cr
EPS (₹)₹15.39₹14.74₹18.02₹15.93₹18.69₹18.50₹19.42₹17.59₹20.71₹21.48₹22.94₹21.60

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Net Interest Income—338 Cr430 Cr518 Cr651 Cr797 Cr906 Cr1,010 Cr1,185 CrSign in free for the trailing twelve months
Other income0.91 Cr1 Cr0.80 Cr2 Cr1 Cr2 Cr3 Cr4 Cr1 CrSign in free for the trailing twelve months
Net operating income0.91 Cr339 Cr431 Cr520 Cr652 Cr799 Cr909 Cr1,014 Cr1,186 CrSign in free for the trailing twelve months
Employee cost112 Cr117 Cr147 Cr172 Cr232 Cr301 Cr356 Cr378 Cr470 CrSign in free for the trailing twelve months
Other expenses43 Cr57 Cr58 Cr58 Cr89 Cr121 Cr147 Cr169 Cr192 CrSign in free for the trailing twelve months
Provisions & contingencies—————————Sign in free for the trailing twelve months
Depreciation6 Cr10 Cr20 Cr21 Cr24 Cr29 Cr33 Cr36 Cr43 CrSign in free for the trailing twelve months
Profit before tax134 Cr258 Cr302 Cr353 Cr455 Cr549 Cr624 Cr733 Cr840 CrSign in free for the trailing twelve months
Tax %30.7%31.7%17.5%18.1%21.6%21.7%21.4%21.6%22.1%Sign in free for the trailing twelve months
Net profit93 Cr176 Cr249 Cr289 Cr357 Cr430 Cr491 Cr574 Cr655 CrSign in free for the trailing twelve months
EPS (₹)₹15.90₹23.65₹31.86₹36.94₹45.31₹54.44₹62.03₹72.54₹82.72Sign in free for the trailing twelve months
Dividend payout %———0.0%0.0%0.0%0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital69 Cr78 Cr78 Cr79 Cr79 Cr79 Cr79 Cr79 Cr79 Cr
Reserves1,121 Cr1,759 Cr2,020 Cr2,323 Cr2,730 Cr3,191 Cr3,694 Cr4,282 Cr4,972 Cr
Borrowings—3,653 Cr5,352 Cr6,345 Cr7,972 Cr9,841 Cr12,336 Cr13,850 Cr15,592 Cr
Other liabilities2,850 Cr137 Cr208 Cr213 Cr239 Cr300 Cr410 Cr408 Cr569 Cr
Total liabilities4,040 Cr5,627 Cr7,658 Cr8,960 Cr11,020 Cr13,411 Cr16,519 Cr18,618 Cr21,213 Cr
Fixed assets (net)15 Cr19 Cr27 Cr25 Cr27 Cr32 Cr30 Cr30 Cr38 Cr
CWIP0.03 Cr4 Cr0.31 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Investments5 Cr5 Cr5 Cr5 Cr68 Cr123 Cr182 Cr230 Cr271 Cr
Loans & advances—4,724 Cr6,181 Cr7,523 Cr9,053 Cr11,476 Cr14,004 Cr16,230 Cr18,373 Cr
Trade receivables—0 Cr0 Cr0 Cr0 Cr0 Cr12 Cr11 Cr15 Cr
Cash & bank358 Cr160 Cr350 Cr22 Cr42 Cr177 Cr21 Cr11 Cr229 Cr
Other assets3,662 Cr715 Cr1,095 Cr1,385 Cr1,830 Cr1,603 Cr2,270 Cr2,106 Cr2,288 Cr
Total assets4,040 Cr5,627 Cr7,658 Cr8,960 Cr11,020 Cr13,411 Cr16,519 Cr18,618 Cr21,213 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-933 Cr-1,276 Cr-1,172 Cr-1,071 Cr-1,136 Cr-1,910 Cr-1,987 Cr-1,660 Cr-1,386 Cr
Cash from investing-218 Cr-327 Cr-342 Cr-265 Cr-467 Cr186 Cr-647 Cr176 Cr-117 Cr
Cash from financing1,240 Cr1,404 Cr1,705 Cr1,008 Cr1,623 Cr1,858 Cr2,477 Cr1,475 Cr1,720 Cr
Net cash flow90 Cr-199 Cr191 Cr-328 Cr20 Cr134 Cr-156 Cr-9 Cr217 Cr
Free cash flow (OCF − Capex)-947 Cr-1,290 Cr-1,192 Cr-1,079 Cr-1,152 Cr-1,949 Cr-2,019 Cr-1,690 Cr-1,419 Cr

Ratios

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
ROE %8.5%9.6%11.9%12.0%12.7%13.1%13.0%
Debt / equity2.061.992.552.642.843.013.27