 "Just how many self-regulatory organisations (SROs) are too many? Last week, the Reserve Bank of India (RBI) capped the number of such entities for non-banking financial companies (NBFCs) at “a maximum of two”. And to ensure the smaller NBFCs get a fa")
Aadhar Housing Finance share price today
Shares of Aadhar Housing Finance hit an all-time high of ₹525.65, as they rallied 4 per cent on the BSE in Monday's intra-day trade on healthy business outlook. The stock price of the housing finance company surpassed its previous high of ₹516.65 touched on September 24, 2024. In comparison, the BSE Sensex was down 0.16 per cent at 81,627 at 09:30 AM.
In the past one month, Aadhar Housing Finance has outperformed the market by surging 20 per cent, as compared to 0.33 per cent decline in the BSE Sensex.
Aadhaar Housing - Improvement in asset quality
In the January to March quarter (Q4FY25), Aadhar Housing Finance saw a healthy improvement in Stage 3 assets while 30+ Days Past Due (DPD) improved by 17bps. Provision Coverage Ratio (PCR) on Stage 3 fell by 110bps to ~34 per cent while PCR on Stage 2 inched-up by 144bps to 12.9 per cent. The company does not see any asset quality issues arising from the Tamil Nadu ordinance as recoveries have been normal till now. Credit cost for the quarter at 12bps vs 38bps in Q3. The company guides for Stage 3 in the range of 1.1-1.15 per cent.
“Sequential strong disbursement, better than our expectations, led to healthy and in-line asset under management (AUM) growth. Aadhar clocked ~21 per cent YoY growth (better than ~18 per cent growth reported by Aavas). Some miss on earnings basis flat NII and higher opex partially negated by higher other income and benign credit cost. We expect ~20 per cent compounded annual growth rate (CAGR) on growth and earnings to sustain over FY26-FY27 with RoEs of ~16-17 per cent,” analysts at DAM Capital said in the Q4 result update. The brokerage firm has a target price of ₹535 on the stock.
Check List of Q1 results today
Housing finance market overview
Government-backed schemes such as the Pradhan Mantri Awas Yojana (PMAY) and refinancing from the National Housing Bank (NHB) continue to provide an essential cushion for first-time homeowners, ensuring inclusivity in credit growth.
Asset quality remains solid, with housing finance continuing to be one of the most secure lending segments. Gross Non-Performing Assets (NPAs) for housing loans stood at only 1.3-1.4 per cent in 2024-25, much lower than the NPAs in the micro, small and medium enterprises (MSME) or auto finance sectors.
India’s housing sector benefits from strong structural growth drivers. These drivers continue to shape demand and create long-term opportunities across the market.
Aadhar Housing Finance in its FY25 annual report said, mortgage penetration remains low, with a Mortgage-to-GDP ratio below 11 per cent, highlighting credit expansion potential. The government programmes have enhanced housing finance access for underserved segments. Household incomes are rising, and the shift to nuclear families is increasing the demand for independent housing and lending conditions remain stable, and controlled interest rates keep home loans affordable.
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Q1 results on July 25, 2025
Aadhar Housing Finance has informed BSE that the meeting of the board of directors of the company is scheduled on July 25, 2025 to consider and approve the standalone and consolidated unaudited financial results along with the limited review report of the joint statutory auditors for the quarter ended June 30, 2025 (Q1FY26).
About Aadhar Housing Finance
Aadhar Housing Finance is a housing finance company registered with National Housing Bank (NHB) and regulated & controlled by Reserve Bank of India (RBI) and supervised by NHB. Aadhar Housing is engaged in providing housing finance to the lower income segment of the society. Aadhar Housing is currently operating out of twenty-one states and union territories of India with a branch network of over 580 branches and there is no change in business of the company during the financial year 2024-2025.
