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Blackstone-backed Indian housing finance company providing small-ticket affordable home loans to low-income borrowers.
Blackstone-backed Indian housing finance company providing small-ticket affordable home loans to low-income borrowers.
Earns interest on small home loans to borrowers who often lack formal pay slips, funded by bank loans, bonds and refinance from the National Housing Bank, so its margin is the gap between those costs and its loan rates. Blackstone, the US private-equity firm, is the largest owner; it listed in 2024.
Moat: narrow (distribution, process know-how). Underwriting expertise for informal-income borrowers in a niche affordable-housing segment.
Headquarters: Gurugram, India · Founded: 1990 · Employees: 10,078
Size Aadhar Housing Finance (AADHARHFC.NS) is an India Financials company (Finance/Rental/Leasing) with a market value of $1.99B, the 371st largest of 1,058 India companies the cockpit tracks. Shares closed at ₹429.65 on 6 Nov 2026.
Performance Over six months the shares fell 14.2%, against -5.1% for the median peer and 0.0% for the India market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 18.0% over the last twelve months (peer median +13.1%); the operating margin is 40.5% (peer median 11.1%).
Valuation It trades at 2.48× book value against a peer median of 1.83× (6th most expensive of 21).
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹38.3B | ₹36.5B | ₹30.8B | ₹25.6B | ₹20.3B |
| Revenue growth | — | +19% | +20% | +26% | — |
| Gross profit | ₹23.9B | ₹36.0B | ₹30.5B | ₹25.4B | ₹20.1B |
| EBITDA | ₹15.9B | ₹28.5B | ₹24.1B | ₹19.8B | ₹15.7B |
| Net income | ₹11.4B | ₹11.0B | ₹9.12B | ₹7.50B | ₹5.45B |
| Free cash flow | n/a | ₹16.5B | ₹7.29B | ₹6.31B | ₹7.62B |
| Capital expenditure | n/a | ₹188M | ₹148M | ₹154M | ₹104M |
| Total debt | n/a | ₹189B | ₹164B | ₹140B | ₹122B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Aadhar Housing Finance AADHARHFC.NS | $1.99B | -14% | +18% | 16% | 2.48× | 31.1% |
| Aptus Value Housing Finance India APTUS.NS | $927M | -36% | +18% | 20% | 1.60× | 23.2% |
| Aavas Financiers AAVAS.NS | $955M | -20% | +12% | 14% | 1.67× | 24.3% |
| Home First Finance Company India HOMEFIRST.NS | $1.21B | -10% | +19% | 14% | 2.45× | 31.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | AADHARHFC.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.6% | -3.4% | 5th lowest of 21 |
| 6-month return | -14.2% | -5.1% | 6th lowest of 21 |
| Return on equity | 15.8% | 10.3% | 6th highest of 21 |
| Price / book | 2.48× | 1.83× | 6th most expensive of 21 |
| Trailing P/E | 16.7× | 15.5× | 9th most expensive of 19 |
| ROE the price implies | 31.1% | 21.0% | 6th most demanding of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Aadhar Housing Finance AADHARHFC.NS | India | $1.99B | -14% | +18% | 16% | 2.48× | 31.1% | n/a |
| AEON Financial Service 8570.T | Japan | $1.95B | -9% | +8% | 5% | 0.67× | 5.2% | 4.9% |
| Federal Agricultural Mortgage AGM | United States | $1.90B | 0% | +31% | 13% | 1.56× | 14.0% | 13.5% |
| Custom Truck One Source CTOS | United States | $2.12B | -4% | +6% | 4% | 2.58× | 26.7% | 3.7% |
| CreditAccess Grameen CREDITACC.NS | India | $1.84B | -27% | +17% | 20% | 1.95× | 20.5% | 19.7% |
| Upstart UPST | United States | $2.17B | -24% | +39% | 8% | 2.44× | 37.8% | 8.0% |
| EZCORP EZPW | United States | $1.75B | -15% | +29% | 15% | 1.51× | 11.5% | 14.7% |
| IFCI IFCI.NS | India | $1.75B | -4% | -3% | 2% | 1.85× | 36.2% | n/a |
| Zip ZIP.AX | Australia | $1.74B | -17% | +24% | 17% | 3.74× | 66.6% | 16.8% |
| Fuyo General Lease 8424.T | Japan | $2.34B | -6% | +19% | 5% | 0.72× | 4.8% | 4.5% |
| Greatoo Intelligent Equipment 002031.SZ | China | $1.68B | -11% | -20% | -13% | 6.07× | 54.9% | -13.5% |
| Encore Capital ECPG | United States | $2.42B | +36% | +29% | 31% | 2.24× | 21.7% | 30.5% |
| Metro Bank MTRO.L | United Kingdom | $1.63B | +22% | +1% | 4% | 0.94× | 12.1% | 4.3% |
| UWM UWMC | United States | $2.44B | -56% | +16% | 2% | 2.67× | 32.8% | 2.1% |
| Capri Global Capital CGCL.NS | India | $2.44B | +20% | +53% | 18% | 2.90× | 21.5% | 17.9% |
| Mizuho Leasing 8425.T | Japan | $2.45B | -13% | +16% | 13% | 0.77× | 6.0% | 13.3% |
| Sammaan Capital SAMMAANCAP.NS | India | $1.61B | -13% | -60% | -35% | 0.80× | 14.2% | n/a |
| LOTTE rental 089860.KS | South Korea | $1.56B | +74% | +4% | 8% | 1.34× | 6.3% | 7.7% |
| China Development Bank Financial Leasing 1606.HK | Hong Kong | $2.66B | +4% | -5% | 13% | 0.40× | 4.5% | 12.6% |
| PROG PRG | United States | $1.47B | +4% | +10% | 17% | 1.82× | 23.0% | 17.3% |
| Upbound UPBD | United States | $1.41B | +29% | +3% | 16% | 1.88× | 23.5% | 15.5% |