AADHAR HOUSING FINANCE L — valuation model

AADHAR HOUSING FINANCE LAADHARHFCFinance

₹340per share · Base Model Note

Revenue growth, the horizon and scenarios are yours to change. Every other input is part of the Trader plan; saving, sharing a saved link and the live-formula workbook are part of the Institutional plan.

Scenario

Inputslive

Template

AADHAR HOUSING FINANCE L is a lender: the loans it makes run through its cash flow, so free cash flow to the firm does not measure it. It is valued on the excess-return template: book equity earning your ROE over the cost of equity.

These inputs are part of the Trader plan; on your plan they stay at the figures shown. See plans

Book equity today

0FY26 filed 7,54120,000

Return on equity

0FY26 as filed40

Dividend payout

0FY26 as filed100

Book equity earns your ROE; what is not paid out compounds the book.

Value per share, your model₹340implied P/B 1.97× on FY26 book

Against CMP ₹456.80−25.5%close of 2026-09-10

Cost of equity10.56%risk-free + beta × equity risk premium

Book equity, FY26₹172per share · excess returns add ₹168

This figure is the arithmetic of your inputs and nothing else. MarketPing publishes no fair value, target or rating; the model is yours.

Excess-return schedule · ₹ crore · book equity earns your ROE; value is book plus the returns above the cost of equity

₹ crore	FY27	FY28	FY29	FY30	FY31
Opening book equity	7,541	8,634	9,886	11,320	12,961
Net income at 14.5% ROE	1,093	1,252	1,434	1,641	1,879
Cost of equity charge at 10.56%	(797)	(912)	(1,044)	(1,196)	(1,369)
Excess return	297	340	389	446	510
Present value	282	292	303	314	325
Closing book equity	8,634	9,886	11,320	12,961	14,841

Book equity today	7,541
PV of 5 years of excess return	1,516
PV of the terminal excess return, 5% flat	5,831
add non-operating investments	0
Equity value	14,888
÷ 43.73 crore shares	₹340

Where the methods land · ₹ per share · the dashed line is the CMP

52-week rangetraded range, a fact not a value

₹430₹563

Scenarios side by side · ₹ per share

Scenario	Template	Growth	Margin	Rate	Terminal	₹ / share	vs CMP
Base · editing	Excess return	ROE 14.5%	—	10.56%	5%	₹340	(25.5)%

A scenario is a full set of inputs under a name. Keep Base as the filed history carried forward; add Bull and Bear by saving the current inputs under those names and moving the two or three assumptions you actually hold a view on. The distribution above draws each driver between the lowest and highest value across your scenarios, so three scenarios give it a real range; with one scenario it falls back to fixed bands.