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AADHARHFC - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.3

Last Updated Time : 03 Feb 26, 06:04 pm

Fundamental Rating: 3.3

Stock Code AADHARHFC Market Cap 20,814 Cr. Current Price 480 ₹ High / Low 548 ₹
Stock P/E 20.0 Book Value 159 ₹ Dividend Yield 0.00 % ROCE 11.4 %
ROE 16.9 % Face Value 10.0 ₹ DMA 50 484 ₹ DMA 200 479 ₹
Chg in FII Hold 0.08 % Chg in DII Hold 0.20 % PAT Qtr 294 Cr. PAT Prev Qtr 266 Cr.
RSI 47.4 MACD -2.09 Volume 4,89,387 Avg Vol 1Wk 4,87,435
Low price 340 ₹ High price 548 ₹ PEG Ratio 0.74 Debt to equity 2.56
52w Index 67.2 % Qtr Profit Var 22.7 % EPS 23.8 ₹ Industry PE 16.4

📊 Core Financials

  • Revenue & Profitability: PAT rose from 266 Cr. to 294 Cr. (+22.7% variance), showing healthy growth momentum.
  • Margins: ROE at 16.9% is strong, while ROCE at 11.4% is moderate compared to peers.
  • Debt: Debt-to-equity ratio of 2.56 indicates high leverage, which adds financial risk.
  • Cash Flow: Profitability supports cash generation, but debt levels may pressure liquidity.

💹 Valuation Indicators

  • P/E Ratio: 20 vs. industry average of 16.4 — slightly expensive.
  • P/B Ratio: Current price (₹480) vs. book value (₹159) → ~3.0x, premium valuation.
  • PEG Ratio: 0.74, suggesting growth is reasonably priced.
  • Intrinsic Value: Moderately stretched valuation, supported by earnings growth.

🏢 Business Model & Competitive Advantage

  • Aadhar Housing Finance focuses on affordable housing loans, targeting low and middle-income segments.
  • Competitive advantage lies in niche positioning, strong demand for housing finance, and government support for housing schemes.

📈 Technicals & Entry Zone

  • DMA 50 (₹484) and DMA 200 (₹479) are close to current price, showing consolidation.
  • RSI at 47.4 indicates neutral momentum; MACD negative suggests mild weakness.
  • Entry Zone: Attractive near ₹450–470 for long-term investors.
  • Long-Term Holding: Suitable for investors seeking exposure to affordable housing finance, but debt levels must be monitored.


✅ Positive

  • Strong quarterly PAT growth (+22.7%).
  • ROE at 16.9% reflects solid shareholder returns.
  • FII holdings increased (+0.08%) and DII holdings increased (+0.20%), showing institutional confidence.

⚠️ Limitation

  • High debt-to-equity ratio (2.56) increases financial risk.
  • ROCE at 11.4% is moderate compared to peers.
  • Dividend yield is 0.00%, offering no immediate shareholder return.

📉 Company Negative News

  • MACD negative (–2.09), indicating short-term weakness in momentum.
  • Stock trading below recent highs (₹548), showing resistance at upper levels.

📈 Company Positive News

  • Quarterly PAT improved to 294 Cr., reflecting operational strength.
  • Institutional support increased with both FII and DII holdings rising.

🏭 Industry

  • Housing finance sector benefits from government initiatives and rising demand for affordable housing.
  • Industry average P/E (16.4) highlights Aadhar Housing Finance’s premium valuation.

🔎 Conclusion

  • Aadhar Housing Finance shows strong earnings growth and solid ROE but carries high debt risk.
  • Valuations are moderately stretched compared to industry averages.
  • Recommendation: Accumulate near ₹450–470 for long-term holding. Suitable for investors seeking exposure to affordable housing finance, but debt levels must be closely monitored.

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