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AAVAS Financiers Ltd . Large Cap

BSE: 541988 | NSE: AAVAS
Finance
Live
15/04/2021 1:00:00 PM
2307.60 10.30   (0.45%)
BSE: price shown with 5 mins delayed.
Prev. Close 2297.30
Open Price 2290.00
Volume Traded 2878.00

Fundamentals

Year on Year Growth Rate (%)

Ajusted EPS Sales Adjusted Net Profit

Latest Financials

Standalone Consolidated
TTM EPS (Rs) 33.35 33.27
TTM Sales (Rs. Cr.) 1048.12 1048.34
BVPS (Rs.) 282.99 282.96
Reserves (Rs. Cr.) 2143.11 2142.84
P/BV 8.15 8.16
PE 68.88 69.05020
From the Market
52 Week High / Low (Rs) 2672.05/936.1
Volume Traded 2878
Market Cap (Rs. Cr.) 18034.85
Equity (Rs. Cr.) 78.504551
Face Value (Rs) 10
Industry PE 0

Quarterly Results

Quarterly Growth Rate (%)

Ajusted EPS Sales Net Profit Margin

Peers Data

Name Current Price(Rs) Market Cap. (Rs. cr.) Net Profit(Rs. cr.) Sales Growth(%)
Utique Enterprises Ltd 1.82 10.58 2.97 -74.79
Alfred Herbert (India) Ltd 580.85 43.89 0.86 -28.71
Rane Holdings Ltd 556.55 817.53 50.82 -19.69
Tata Investment Corporation Ltd 999.9 5074.2 118.64 -22.84
Cholamandalam Financial Holdings Ltd 582.4 10810.97 83.33 -91.91
AAVAS Financiers Ltd 2307.6 18034.85 249.12 -9.81
Cholamandalam Investment & Finance Company Ltd 535.35 43662.93 1052.37 -18.47
Muthoot Finance Ltd 1150.8 47072.31 3018.3 -11.26
Bajaj Finserv Ltd 9634.65 156113.04 666.86 -90.64
Bajaj Finance Ltd 4639.6 284867.14 4881.12 -26.35
Housing Development Finance Corporation Ltd 2500.25 453196.44 17769.65 -37.94

Technical

Sector

26435.34 -307.76   (-1.15%)

Index

48327.28 -216.78   (-0.45%)
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About Company

Aavas Financiers Ltd. (Formerly known as 'Au Housing Finance Limited') was incorporated on 30 November 2017 to carry on the business of financing by way of lending/hire-purchase and to provide on lease, sub-lease or on hire, including but not limited to, all type of vehicles, automobiles, industrial plant and machinery, office equipment, movable and immovable assets, building, real estate, household and domestic appliances and equipment, furniture, fixtures, finishing items and all type of machinery, etc. The Company is a retail, affordable housing finance company, primarily serving low and middle income self employed customers in semi-urban and rural areas in India. A majority of its customers have limited access to formal banking credit.The Company offers customers home loans for the purchase or construction of residential properties, and for the extension and repair of existing housing units. In addition to home loans, the company offers customers other mortgage loans including loans against property. Since the commencement of operations in March 2012, the company has served more than 62,500 customers.Aavas Financiers has adopted a strategy of contiguous on-ground expansion across regions and at present, the company conducted its operations through 166 branches covering 95 districts in eight states of which, it has a significant presence in the four States of Rajasthan, Gujarat, Maharashtra and Madhya Pradesh. The Company is a technology driven company and it leverages information technology and data analytics for on boarding customers, underwriting analysis, loan monitoring, and risk management and collection functions. Between Fiscals 2014 and 2018, the company invested Rs 150.45 million in information technology systems.The Company secures financing from a variety of sources including term loans and working capital facilities; proceeds from loans assigned and securitized; proceeds from the issuance of non-convertible debentures ('NCDs'); refinancing from the National Housing Bank ('NHB'); and subordinated debt borrowings from banks, mutual funds, insurance companies and other domestic, foreign and multi-lateral financial institutions to meet its capital requirements. The Company is led by a professional management team and its Key Managerial Personnel held 7.19% of the outstanding equity interest of the Company.The Company was initially promoted by Au Financiers (India) Limited, (now known as AU Small Finance Bank Limited ('AuSFB'), which sold 90.10% of the outstanding equity interest of the Company in connection with its conversion to a small finance bank, to Lake District Holdings Limited (a subsidiary of Kedaara Capital I Limited) ('Lake District'), Kedaara Capital Alternative Investment Fund - Kedaara Capital AIF 1 ('Kedaara AIF-1'), Partners Group ESCL Limited ('ESCL') and Partners Group Private Equity Master Fund LLC ('Master Fund') in June, 2016. Aavas Financiers Limited was incorporated as private limited company with the name Au Housing Finance Private Limited' on February 23, 2011. During the year under review, the company was registered with National Housing Bank (NHB) as a housing finance institution without accepting public deposits'. In 2012, the company received its first rating 'BBB+/Stable' from CRISIL for long-term bank facilities of Rs 1,000 million.Pursuant to a special resolution passed by the shareholders on January 10, 2013, the company was converted into a public limited company and the name was changed to AU Housing Finance Limited' on January 11, 2013. Consequent to the conversion of into a public limited company, the NHB issued a fresh certificate of registration to the company. In 2013, the company received its first refinancing assistance from NHB. In 2014, the company issued its first tranche of non-convertible debentures (NCDs). In 2015, the company entered into its first pool buyout transaction in housing loan priority sector. Pursuant to a notification dated December 18, 2015 issued by the Central Government, the Company was identified as a financial institution' under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.In 2016, the company received investment from Lake District, Kedaara AIF-1, Master Fund and ESCL. During the year under review, the company received its first subsidy from NHB under CLSS-PMAY'Pursuant to a special resolution passed by the shareholders on February 23, 2017, the name of the Company was changed to Aavas Financiers Limited' on March 29, 2017. Subsequently, upon the change of name to Aavas Financiers Limited', the NHB issued a certificate of registration dated April 19, 2017, bearing serial number 04.0151.17. Pursuant to a certificate of registration dated December 8, 2017, issued to the Company by the IRDAI, it has been authorised to act as a corporate agent (composite) under the Insurance Act and the Corporate Agents Regulation, 2015.In 2017, Aavas Financiers Limited entered into first pass through certificate (PTC) transaction with IDBI Trusteeship Services Limited.Aavas Financiers Limited came out with an initial public offer (IPO) during the period from 25 September 2018 to 27 September 2018. The IPO was a combination of fresh issue of Rs 400 crore and an offer for sale of upto 1.62 crores equity shares from 6 selling shareholders. The IPO was priced at Rs 821 per share. The stock made its debut on the bourses on 8 October 2018.During the year 2018, the Company has issued and allotted 432,500 two thousand five Equity Shares of Rs 10/- per share aggregating to Rs 28,372,000/- on preferential issue basis. Further the Company has received Rs 2/- per share as application money.During the Year 2018, the Company has received Rs 2/- per share aggregating to Rs 31,000,047/- as 1st call Money in respect to the 720,094 partly paid up equity shares of Rs 10/- each.During the year 2018, the Company has issued and allotted 360,000 and 440,000 Lakh share warrants convertible into equity shares of Rs 328/-and Rs 430.50/- per share respectively. Further the Company has received Rs 3/- per convertible share warrants as warrant subscription money.During the year 2018, the Company has altered its Object Clause of Memorandum of Association (MOA) as per the suggestions given by the National Housing Bank during its onsite Annual inspection. Further the altered MOA is available at the registered office of the Company in the Business hours.During the year, the Company expanded its branch network to 165 branches as of 31st March 2018 and plans to scale up its operation to newer geographies in 2018-19.