Lends for housing to retail customers, with all revenue from a single Housing Finance segment. Over 70% of the book is directed to Economically Weaker Section (EWS) and Low Income Group (LIG) customers in Tier 2 and Tier 3 cities. The marginal cost of funds is 7.9% and bucket cost of funds is 8.2%, keeping the spread above 6% guidance. Asset quality is reported at Gross Stage-3 of 1.2%, Net Stage-3 at 0.9% and 30+ days past due at 4%, with credit cost guided at 40-50 bps. Funding is drawn from bank facilities carrying an AA- stable rating (limit of Rs 2,500 crore) and from non-convertible debentures, including a recent Rs 75 crore issue at an 8.10% coupon. Employee cost accounts for 19.5% of revenue and other operating expenses 5.2%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Housing Finance (100%). Asset-light housing finance NBFC focused on affordable housing, funded by bank lines and NCDs
| ₹ crore · consolidated | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 830 | 1,166 | 1,528 |
| EBITDA (ex other income) | 586 | 845 | 1,110 |
| margin % | 70.6 | 72.5 | 72.6 |
| Owners' profit | 0 | 0 | 0 |
| EPS, as reported (₹) | 26.32 | 35.18 | 46.46 |
| ROE % · ROCE % | 10.8 · — | 14.0 · — | 15.7 · — |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 |
| Cash from operations | (1,463) | (1,435) | (1,199) |
| Capex | (6) | (9) | (11) |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 252 | 283 | 304 | 327 | 361 | 369 | 390 | 408 |
| Profit before tax | 108 | 117 | 124 | 140 | 155 | 158 | 160 | 180 |
| Net profit | 84 | 90 | 96 | 108 | 119 | 122 | 124 | 138 |
| EPS (₹) | 7.80 | 8.40 | 8.94 | 10.03 | 11.07 | 11.29 | 11.44 | 12.66 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| BAJAJ HOUSING FINANCE LTD | 70,078 | 34.6 | 3.11 | — | 11.4 | — | — | 92.4 |
| LIC HOUSING FINANCE LTD | 30,982 | 5.4 | 0.75 | 1.1 | 13.5 | — | 7.7 | 97.1 |
| PNB HOUSING FIN LTD. | 30,721 | 13.3 | 1.60 | 3.5 | 11.9 | — | 2.3 | 91.6 |
| AADHAR HOUSING FINANCE L | 19,978 | 17.4 | 2.65 | 6.9 | 14.5 | — | — | 75.4 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · Allotment of 2,00,604 shares under ESOP 2021 and ESOP 2023 | capital market events | low | — | — |
| 14 Aug 2026 · India Shelter Q1FY27 earnings call transcript filed, PAT up 23 percent YoY | investor communications | medium | — | — |
| 12 Aug 2026 · ESOP allotment: 1,12,158 shares issued under ESOP schemes | capital market events | low | — | — |
| 7 Aug 2026 · Submission of Q1 FY27 Earnings Call Audio Recording | investor communications | low | — | — |
| 7 Aug 2026 · India Shelter Q1 FY27 results published in newspapers | compliance | minimal | — | — |
| 6 Aug 2026 · Q1FY27 presentation: PAT up 20% YoY to Rs 143 Cr, AUM up 24% | investor communications | medium | — | — |
| 6 Aug 2026 · India Shelter Q1FY27 PAT up 20% YoY at Rs 143 Cr, AUM grows 24% | results | high | — | — |
| 6 Aug 2026 · Q1FY27 results approved, PAT up 20% at Rs 143 cr, revenue at Rs 432 cr | results | high | — | — |
| 6 Aug 2026 · Q1 FY27 Results: Revenue up 19.8% to Rs 432 cr, PAT at Rs 143 cr | results | high | — | — |
| 5 Aug 2026 · India Shelter Finance to hold non-deal roadshows on August 10-11 in Mumbai | board shareholder meetings | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| SAMMAAN CAPITAL LIMITED | 17,203 | — | 0.91 | — | (37.6) | — | (3.8) | 101.8 |
| HOME FIRST FIN CO IND LTD | 12,386 | 21.2 | 2.84 | — | 12.4 | — | — | 78.3 |
| APTUS VALUE HSG FIN I LTD | 12,360 | 12.5 | 2.44 | 6.3 | 18.6 | — | — | 83.7 |
| CAN FIN HOMES LTD | 10,400 | 9.2 | 1.74 | — | 18.2 | — | — | 91.3 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 14.1 | 13.3 | 10 of 17 | 44% |
| P/B | 2.2 | 1.4 | 11 of 16 | 33% |
| ROE | 15.7 | 11.6 | 4 of 20 | 84% |
| Debt / Equity | 0.0 | 0.0 | 3 of 20 | 0% |
| EBITDA margin | 73.1 | 74.7 | 11 of 19 | 44% |
| Revenue growth | 24.7 | 9.0 | 4 of 19 | 83% |
| Profit growth | 27.2 | 19.3 | 7 of 20 | 68% |
| Market cap | 7130 | 7130 | 10 of 19 | 50% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
