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AAVAS - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.4

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

Fundamental Rating: 3.4

Stock Code AAVAS Market Cap 11,379 Cr. Current Price 1,437 ₹ High / Low 2,238 ₹
Stock P/E 18.9 Book Value 591 ₹ Dividend Yield 0.00 % ROCE 10.1 %
ROE 14.1 % Face Value 10.0 ₹ DMA 50 1,495 ₹ DMA 200 1,630 ₹
Chg in FII Hold -1.16 % Chg in DII Hold 0.17 % PAT Qtr 164 Cr. PAT Prev Qtr 139 Cr.
RSI 45.8 MACD -8.60 Volume 99,154 Avg Vol 1Wk 99,323
Low price 1,351 ₹ High price 2,238 ₹ PEG Ratio 1.10 Debt to equity 3.08
52w Index 9.67 % Qtr Profit Var 10.8 % EPS 76.2 ₹ Industry PE 16.4

📊 Core Financials

  • Revenue & Profitability: PAT rose from 139 Cr. to 164 Cr. (+10.8% variance), showing steady growth momentum.
  • Margins: ROE at 14.1% is decent, while ROCE at 10.1% is moderate compared to peers.
  • Debt: Debt-to-equity ratio of 3.08 indicates high leverage, which adds financial risk.
  • Cash Flow: Profitability supports cash generation, but debt levels may pressure liquidity.

💹 Valuation Indicators

  • P/E Ratio: 18.9 vs. industry average of 16.4 — slightly expensive.
  • P/B Ratio: Current price (₹1,437) vs. book value (₹591) → ~2.4x, moderately valued.
  • PEG Ratio: 1.10, suggesting growth is fairly priced.
  • Intrinsic Value: Valuation is reasonable, supported by earnings growth but debt remains a concern.

🏢 Business Model & Competitive Advantage

  • Aavas Financiers focuses on affordable housing finance, targeting semi-urban and rural markets.
  • Competitive advantage lies in niche positioning, strong demand for housing loans, and government support for housing schemes.

📈 Technicals & Entry Zone

  • DMA 50 (₹1,495) and DMA 200 (₹1,630) are above current price, showing weakness.
  • RSI at 45.8 indicates neutral momentum; MACD negative suggests mild bearishness.
  • Entry Zone: Attractive near ₹1,350–1,400 for long-term investors.
  • Long-Term Holding: Suitable for patient investors; strong growth potential but debt levels must be monitored.


✅ Positive

  • Consistent quarterly PAT growth (+10.8%).
  • ROE at 14.1% reflects decent shareholder returns.
  • DII holdings increased (+0.17%), showing domestic institutional support.

⚠️ Limitation

  • High debt-to-equity ratio (3.08) increases financial risk.
  • ROCE at 10.1% is moderate compared to peers.
  • Dividend yield is 0.00%, offering no immediate shareholder return.

📉 Company Negative News

  • FII holdings decreased (–1.16%), showing reduced foreign investor confidence.
  • Stock trading below DMA 50 and DMA 200, indicating technical weakness.

📈 Company Positive News

  • Quarterly PAT improved to 164 Cr., reflecting operational strength.
  • DII holdings increased (+0.17%), showing domestic support.

🏭 Industry

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

🔎 Conclusion

  • Aavas Financiers shows steady earnings growth and decent ROE but carries high debt risk.
  • Valuations are moderately stretched compared to industry averages.
  • Recommendation: Accumulate near ₹1,350–1,400 for long-term holding. Suitable for investors seeking exposure to affordable housing finance, but debt levels must be closely monitored.

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