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Affordable housing finance company lending to low- and middle-income, often self-employed, borrowers in smaller Indian towns.
Affordable housing finance company lending to low- and middle-income, often self-employed, borrowers in smaller Indian towns.
Earns the gap between interest charged on home loans and what it pays to borrow, since as a housing finance company it funds itself from banks, bonds and housing-sector refinance rather than deposits. Many borrowers are self-employed with informal income, so it underwrites by assessing business cash flow rather than formal salary records.
Moat: narrow (distribution, process know-how). Dense branch network and underwriting model tailored to informal-income borrowers.
Headquarters: Jaipur, India · Founded: 2011 · Employees: 9,471
Size Aavas Financiers (AAVAS.NS) is an India Financials company (Finance/Rental/Leasing) with a market value of $955M, the 608th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,138 on 6 Nov 2026.
Performance Over six months the shares fell 19.9%, against -12.9% for the median peer and 0.0% for the India market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue grew 12.0% over the last twelve months (peer median +6.2%); the operating margin is 33.5% (peer median 31.6%).
Valuation It trades at 1.67× book value against a peer median of 1.20× (6th most expensive of 21).
Price implies The share price implies a return on equity of about 24.3%; Aavas Financiers delivers 14.0%, so the price asks more than the business earns today.
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹28.4B | ₹27.8B | ₹24.4B | ₹21.0B | ₹18.5B |
| Revenue growth | — | +14% | +16% | +14% | — |
| Gross profit | ₹16.3B | ₹26.3B | ₹23.1B | ₹19.8B | ₹17.3B |
| EBITDA | ₹9.96B | ₹20.3B | ₹18.2B | ₹15.1B | ₹13.5B |
| Net income | ₹7.05B | ₹6.55B | ₹5.74B | ₹4.91B | ₹4.30B |
| Free cash flow | n/a | ₹7.59B | ₹5.63B | ₹5.13B | ₹4.82B |
| Capital expenditure | n/a | ₹328M | ₹301M | ₹327M | ₹390M |
| Total debt | ₹165B | ₹157B | ₹139B | ₹124B | ₹98.9B |
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 |
|---|---|---|---|---|---|---|
| Aavas Financiers AAVAS.NS | $955M | -20% | +12% | 14% | 1.67× | 24.3% |
| Aptus Value Housing Finance India APTUS.NS | $927M | -36% | +18% | 20% | 1.60× | 23.2% |
| Home First Finance Company India HOMEFIRST.NS | $1.21B | -10% | +19% | 14% | 2.45× | 31.6% |
| Aadhar Housing Finance AADHARHFC.NS | $1.99B | -14% | +18% | 16% | 2.48× | 31.1% |
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 | AAVAS.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.6% | -0.9% | 6th lowest of 21 |
| 6-month return | -19.9% | -12.9% | 7th lowest of 21 |
| Return on equity | 14.0% | 10.9% | 7th highest of 21 |
| Price / book | 1.67× | 1.20× | 6th most expensive of 21 |
| Trailing P/E | 12.9× | 12.5× | 9th most expensive of 18 |
| ROE the price implies | 24.3% | 7.6% | 7th most demanding of 21 |
| ROE delivered | 14.0% | 11.6% | 7th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Aavas Financiers AAVAS.NS | India | $955M | -20% | +12% | 14% | 1.67× | 24.3% | 14.0% |
| Sun Hung Kai & 0086.HK | Hong Kong | $958M | -7% | -11% | 6% | 0.33× | 3.9% | 6.2% |
| Jaccs 8584.T | Japan | $935M | -19% | +2% | 6% | 0.49× | 3.8% | 5.5% |
| Aptus Value Housing Finance India APTUS.NS | India | $927M | -36% | +18% | 20% | 1.60× | 23.2% | 20.3% |
| Willis Lease Finance WLFC | United States | $992M | -37% | +22% | 10% | 1.47× | 11.2% | 10.2% |
| SY Holdings Group Limited 6069.HK | Hong Kong | $917M | -25% | +17% | 13% | 1.58× | 7.2% | 13.0% |
| Mcmillan Shakespeare MMS.AX | Australia | $913M | +12% | +8% | 89% | 10.41× | 85.9% | 89.2% |
| Can Fin Homes CANFINHOME.NS | India | $1.05B | -16% | +8% | 19% | 1.55× | 29.3% | 19.4% |
| SBFC Finance SBFC.NS | India | $1.08B | -5% | +28% | 14% | 2.52× | 31.2% | 13.6% |
| Hotai Finance 6592.TW | Taiwan | $1.08B | -6% | -9% | 10% | 0.92× | 3.4% | 9.7% |
| Orient 8585.T | Japan | $831M | -24% | +4% | 4% | 0.54× | 4.4% | 4.2% |
| Japan Investment Adviser 7172.T | Japan | $804M | -6% | +16% | 18% | 1.56× | 7.9% | 17.8% |
| Allied 0373.HK | Hong Kong | $800M | -34% | -40% | 2% | 0.13× | 3.4% | 1.7% |
| Burford Capital BUR.L | United Kingdom | $798M | -19% | -415% | -98% | 0.93× | 12.6% | -98.3% |
| Navient NAVI | United States | $790M | -1% | -17% | -2% | 0.33× | 5.6% | -2.0% |
| Tourism Finance Corporation of India TFCILTD.NS | India | $787M | +92% | +28% | 12% | 5.34× | 65.6% | 12.4% |
| Lufax 6623.HK | Hong Kong | $773M | -59% | +5% | -3% | 0.07× | 3.8% | n/a |
| Ricoh Leasing Company,Ltd 8566.T | Japan | $1.20B | 0% | +4% | 5% | 0.77× | 4.3% | 5.3% |
| Home First Finance Company India HOMEFIRST.NS | India | $1.21B | -10% | +19% | 14% | 2.45× | 31.6% | 14.3% |
| Genertec Universal Medical 2666.HK | Hong Kong | $1.21B | -19% | 0% | 12% | 0.41× | 5.1% | 11.6% |
| Paisalo Digital PAISALO.NS | India | $752M | +52% | +24% | 15% | 3.56× | 49.6% | 14.7% |