# Aadhar Housing Finance share price today (Aadhar Housing Finance Ltd, NSE: AADHARHFC)

> Aadhar Housing Finance share price today: ₹431.20 at the NSE close on 4 November 2026, down 12.8% in a year. Aadhar Housing Finance (NSE: AADHARHFC) is worth ₹18,908 crore, trades at a P/BV of 2.5 and has closed between ₹420.10 and ₹555.60 over the past 52 weeks. > Aadhar Housing Finance Ltd is Listed affordable-housing lender to low-income families across 22 Indian states. Aadhar Housing Finance Ltd's earnings have grown faster than its share price. Earnings per share grew +19.0% in a year while the price moved −12.8%. AADHARHFC · Finance - Housing · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/aadhar-housing-finance-ltd

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## Key numbers

- Business trend: Growing steadily, from the last 12 quarters
- Price: ₹431.20 (−12.8% in a year)
- P/BV: 2.5× (lower than 99% of the last 2.1 years)
- Revenue (Jun 2026): ₹993 Cr (+17.1% on a year ago)
- Profit (Jun 2026): ₹282 Cr (+19.0% on a year ago)
- Net margin: 28.4% (+0.5 points on a year ago)
- ROE: 16%, FY26
- Gross NPA (bad loans): 1.31% (−0.03 points on a year ago)

The main question: yearly earnings per share moved +19.0% while the share price moved −12.8%. ## What is the Aadhar Housing Finance share price today? Aadhar Housing Finance Ltd's share price was ₹431.20 at the close on 4 November 2026. It has been falling for 5 weeks. That is 9.2% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹420 and ₹556, and at that close it sat 8% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 12 weeks running. Over the last 2.5 years the share price moved +24% while the NIFTY 500 moved +3%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 14 August 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Aadhar Housing Finance this quarter? Three changes stood out: promoters cut their stake for 9 quarters in a row, revenue up on a year earlier for 10 quarters in a row (every quarter we can compare) and profit up on a year earlier for 10 quarters in a row (every quarter we can compare). 1. Promoters cut their stake for 9 quarters in a row From 76.5% to 64.5% of the company by the September 2026 quarter. 2. Revenue up on a year earlier for 10 quarters in a row (every quarter we can compare) In the June 2026 quarter revenue was ₹993 crore, +17.1% on a year earlier. Why: Revenue rose because demand for small home loans stayed strong, especially from first-time buyers in smaller cities. Next results: check whether reported loan payouts pick up the cheque activity carried into the next quarter, since management says the effect is timing-related. From the earnings call on 31 Jul 2026. 3. Profit up on a year earlier for 10 quarters in a row (every quarter we can compare) In the June 2026 quarter profit was ₹282 crore, +19% on a year earlier. Why: Profit rose because the company kept more of the interest it earns on loans by choosing better property and using branches and staff more productively instead of chasing risky high-yield loans. Next results: check whether new branches become productive and AI efforts lower costs or improve retention, since profit growth depends on that. From the earnings call on 31 Jul 2026. ## What are Aadhar Housing Finance's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Aadhar Housing Finance reported total income of ₹993 crore, up 17.1% from ₹848 crore a year earlier, and a profit of ₹282 crore, up 19.0% from ₹237 crore. ### Aadhar Housing Finance results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Total income | ₹993 crore | ₹848 crore | +17.1% |
| Profit | ₹282 crore | ₹237 crore | +19.0% |
| Earnings per share | ₹6.46 | ₹5.49 | +17.7% |
| Net margin | 28.4% | 27.9% | +0.5 points |
| Gross bad loans (gross NPA) | 1.31% | 1.34% | −0.03 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Aadhar Housing Finance's management discussed these results on a call held on 31 July 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Income and profit in ₹ crore.)

## What is the Aadhar Housing Finance share price history? Aadhar Housing Finance closed at ₹431.20 on 4 November 2026, down 12.8% from ₹494.55 a year earlier (7 November 2025). Its highest weekly close since May 2024 was ₹555.60 on 3 July 2026. ### Aadhar Housing Finance share price: then and now

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹420.10 | +2.6% |
| 1 month ago · 1 Oct 2026 | ₹448.40 | −3.8% |
| 6 months ago · 8 May 2026 | ₹501.40 | −14.0% |
| 1 year ago · 7 Nov 2025 | ₹494.55 | −12.8% |
| Earliest weekly close in our records · 18 May 2024 | ₹348.30 | +23.8% |
| Highest weekly close since May 2024, also the 52-week high · 3 Jul 2026 | ₹555.60 | −22.4% |
| Lowest weekly close since May 2024 · 24 May 2024 | ₹341.90 | +26.1% |
| 52-week low (weekly close) · 30 Oct 2026 | ₹420.10 | +2.6% |

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (136 weekly closes from 18 May 2024 to 4 November 2026.)

## What is the latest news on Aadhar Housing Finance? 4 Nov 2026: Aadhar Housing Finance closed at ₹431.20, up 2.6% on the week and down 3.8% on the month. Our read, 22 Aug 2026: 1. April to June 2026 AUM was ₹31,364 crore, up 18% on a year earlier, across 628 branches in 22 states; emerging branches are stated to break even in 9-12 months. 2. 3. ### Earlier

- 31 Jul 2026: Aadhar Housing Finance held its results call for April to June 2026. Management guided: FY27 AUM and profit growth of 20.0% each, with disbursement growth of 17.0%-18.0%; the next three quarters are planned above 20.0%, with Q2 close to 25.0%. - Results for April to June 2026: Total income up 17.1% and profit up 19.0% on a year earlier. ### Our read of the business

1. April to June 2026 AUM was ₹31,364 crore, up 18% on a year earlier, across 628 branches in 22 states; emerging branches are stated to break even in 9-12 months. 2. 3. Latest quarter: AUM Expands 18.0% on a year earlier to ₹31,364 crore as Disbursement Recognition Transitions to Cheque Realization. (Our read after the latest results, written 22 August 2026.)

## What dividend does Aadhar Housing Finance pay? Aadhar Housing Finance has paid no dividend on the NSE since its first NSE close in our records (18 May 2024), the start of the period we checked. No. Aadhar Housing Finance Ltd paid out 0% of its profit as dividends in each of its last 8 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate. (From the NSE corporate-actions record, read 5 November 2026.)

## What did Aadhar Housing Finance management say on the latest results call? On the call for April to June 2026, held on 31 July 2026, Aadhar Housing Finance's management guided: FY27 AUM and profit growth of 20.0% each, with disbursement growth of 17.0%-18.0%; the next three quarters are planned above 20.0%, with Q2 close to 25.0%. > “Our approach, as always, has been to protect the spread rather than chase yields.”
> Rishi Anand, on the call for April to June 2026

### What management guided

- FY27-end GNPA around 1.1% and full-year credit-cost charge of 23-25 basis points. - Cost-to-income improvement of 30-40 basis points and cost-to-AUM improvement of 6-7 basis points annually; FY27 non-employee cost growth of 10.0%-11.0% would be considered a good outcome. - Branch-opening guidance remains 45-50 for FY27, with new branches expected to reach productivity in 9-15 months. - Medium-term framework: spread at or above 5.5%, stable-state ROA of 4.3%-4.4% and ROE of approximately 17.0% over a couple of years; no capital return planned, with the ₹1,000 crore IPO raise retained for the next 3-4 years of growth. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/49144-31-Jul-2026.pdf). (From the call for April to June 2026, 31 July 2026.)

## What is the future of Aadhar Housing Finance? What is changing in the business? What is changing at Aadhar Housing Finance, from the latest results and calls: emerging market distribution network, pradhan mantri awas yojana 2.0 leadership and funding cost advantage via national housing bank and bank credit lines. - Emerging Market Distribution Network. Network of 628 branches across 22 states and more than 550 districts; emerging branches are stated to break even in 9-12 months. ✓ fact
- Pradhan Mantri Awas Yojana 2.0 Leadership. Management cited ₹50 crore of subsidies reaching 15,000-16,000 customers and a contribution to Q4 home-loan growth. ✓ fact
- Funding Cost Advantage via National Housing Bank and Bank Credit Lines. April to June 2026 borrowings were ₹20,000 crore; incremental borrowings were ₹2,238 crore at 7.3%. ✓ fact
- Operating Leverage via Technology Backbone. FY26 cost-to-income improved 55 basis points to 35.9%, while management's latest annual improvement guide is 30-40 basis points. ✓ fact

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown. (Our read after the latest results, written 22 August 2026.)

## What could change the Aadhar Housing Finance story? What are the risks? Two consecutive quarters with GNPA above 1.75%, Stage 2 rising, or credit cost failing to move toward the guided 23-25 basis points range, alongside clearance-basis AUM growth materially below 20% or another explicit guidance walk-back. ### Each change stops working if

- Emerging Market Distribution Network: Branch additions remain materially below annual guidance or emerging-branch breakeven moves beyond the stated 9-12 month range. - Pradhan Mantri Awas Yojana 2.0 Leadership: Subsidy allocation or eligibility changes reduce customer affordability or subsidy processing slows materially. - Funding Cost Advantage via National Housing Bank and Bank Credit Lines: NHB availability falls or funding costs rise enough to move the exit spread below management's 5.5% medium-term floor. - Operating Leverage via Technology Backbone: Cost-to-income rises above 37.0% while AUM growth and branch additions slow. ### The main risks

- Management Guidance Consistency and Goal Drift: Branch additions, cost-to-income expectations, and LAP timing have changed across calls. ⚠ estimate
- Lending Spread Compression from Incremental Yield Differential: FY27 spread was guided to contract 8-10 basis points as incremental yield of 13.13% trails the 13.52% book yield. ✓ fact
- Loan Against Property Asset Quality Sensitivity: Management stated LAP Stage 3 NPAs run 0.75%-1.0% above home loans, although risk-adjusted spreads are 3.0%-3.5% higher. ✓ fact
- Disbursement Timing Shift from Cheque Realization Accounting: The cheque-realization transition created a ₹323 crore April to June 2026 difference between handover and clearance-basis disbursement figures. ✓ fact

(Our read after the latest results, written 22 August 2026.)

## What to watch in Aadhar Housing Finance's next results? When Aadhar Housing Finance reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Reported disbursements to absorb carried-forward cheque-realization activity, confirming timing normalization rather than lost demand. - What to check (from the call)
- Reported disbursements to absorb carried-forward cheque-realization activity, confirming timing normalization rather than lost demand. - Non-home loan mix to normalize after West Asia stabilizes; monitor whether restrictions ease without deterioration in lead indicators. - Credit-cost normalization and stable bounce rates to validate management's asset-quality outlook through the monsoon. - New branches to reach productivity within the stated window while AI initiatives produce measurable cost or retention benefits. ## Which stock lists is Aadhar Housing Finance on? Aadhar Housing Finance is on 2 of our India lists: 52 week high & low and Small & mid cap stocks. - [52 week high & low 52-week position: At 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india)
- [Small & mid cap stocks Size rank in India: 374](https://www.sectoralpha.in/small-cap-stocks-india)

## Is Aadhar Housing Finance profitable? Aadhar Housing Finance Ltd earned ₹282 Cr of net profit in the Jun 2026 quarter, +19.0% on the same quarter a year earlier. That is the 10th quarter in a row of profit growth. Full-year FY26 profit was ₹1,096 Cr. Over 7 years profit has grown 31.4% a year on average. That is 28.4% of the quarter's revenue. Why this happened. Q1 PAT 282.36 versus Q4 310.92 (minus 9.3 percent) versus Q1 last year 237.28 (plus 19 percent). Sequential drop closes: extra credit cost 21.50 plus PPoP minus 13.12. Day-1 49.94 equals 13.7 percent of PBT. ESOP 14 crore rupees is a year-on-year extra. PPoP 395.30 versus rounded financing profit 368. The same quarter a year earlier earned ₹237 Cr. For the full year, FY26 profit was ₹1,096 Cr (+20.2% on the year before). Why profit moved: revenue changed +17.1% on a year earlier and the margin moved +0.5 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +20.0% and revenue +17.7%. Profit and revenue are moving at about the same pace. Why-sources: our stock research file (17 August 2026) and the company’s own results for those quarters. ## How much revenue does Aadhar Housing Finance make, and is it growing? Aadhar Housing Finance Ltd reported ₹993 Cr of income in the Jun 2026 quarter, +17.1% on the same quarter a year earlier. That is the 10th quarter in a row with growth on the year before. Over 7 years it has grown 16.5% a year on average. The last full year, FY26, came in at ₹3,683 Cr. The last four reported quarters add to ₹3,818 Cr. FY26 revenue was ₹3,683 Cr, +18.5% on the year before. Recent pace: the last four quarters grew +17.7% on average, against 16.5% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +17.7%, against +18.8% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +20.1%, against +19.2% a year (stabilising). Why-sources: our stock research file (17 August 2026) and the company’s own results for those quarters. ## How much does Aadhar Housing Finance keep from what it earns? Aadhar Housing Finance Ltd's net margin was 28.4% in the Jun 2026 quarter, 0.5 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 8 years it has been between 12.8% and 29.8%. The latest quarter is within that range. Why this happened. Exit spread held at 5.8 percent after a 15 basis-point February prime-lending-rate cut; cost of funds 7.7 percent; yield 13.5 percent. Official Q1 net interest margin in rupees is 620.80 crore (total income 997.19 minus finance costs 376.39). Spread is real. Day-1 13.7 percent of PBT still sits in reported profit. Why: the net margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason. As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead. ## How many of Aadhar Housing Finance's loans have gone bad? Aadhar Housing Finance Ltd's gross NPA, the share of loans that have stopped being repaid, is 1.31% in Jun 2026, down from 1.34% a year ago. After the money already set aside for bad loans, 0.90% is left (net NPA). Across the 12 quarters on file it has been between 1.05% and 1.40%. Why this happened. Industrial operating cash flow is NOT APPLICABLE. Annual OCF is negative because new loans are cash going out. Lender substitute is credit cost plus write-offs plus funding access. Credit cost is known. Write-offs are GAP for Q1 and unreconciled for FY26 quarters. Funding is open: CRAR 43.39 percent, CARE AA+ Stable, liquidity 2,371, undrawn 991. Why this happened. June GNPA 1.31 percent of AUM / 1.32 percent of loans / Stage 3 339.8 crore rupees sits beside write-off GAP. March 1.08 percent was a seasonal trough beside annual-report write-offs 39.33 crore rupees. Q1 credit cost 31.67 crore rupees (40.9 bps) versus Q4 10.17. Stage 3 cover about 34 percent. Do not reprint 1.08 percent as best-in-class. Falling bad loans mean the loan book is healing; rising ones mean new damage. In Jun 2026, gross NPA was 1.31% and net NPA 0.90%, against 1.34% and 1.00% a year ago. In short: a lender's profit growth is only as good as its loans, and this loan book is better than a year ago. Quarterly detail on money set aside for bad loans is not in our data yet, so this shows the levels and the trend, not the cost of the clean-up. Why bad loans moved: recoveries, write-offs and new bad loans all play a part. That split is not in our data, so the page shows the trend without the breakdown. ## How fast is Aadhar Housing Finance's loan book growing? Aadhar Housing Finance Ltd's revenue was ₹3,683 Cr in FY26, +18.5% on the year before, so the loan book is growing. The latest quarter was +17.1% on a year earlier. The net margin on that income is 28.4%, +0.5 percentage points on a year ago. Why this happened. AUM 31,364 crore rupees is plus 18 percent year on year against a 20 percent medium-term guide. FY26 30,571 DELIVERED the 30,000 crore rupee milestone at plus 19.7 percent recomputed. The original engine was 18 to 20 percent disbursement; FY25 printed plus 16 and FY26 plus 17. Lower BT-out rescued AUM. Q1 handover 2,359 versus clearance 2,036 parks 323 crore rupees into Q2. Interest income stands in for the size of the loan book; changes in interest rates can move it a few points in any year. In short: a lender grows well when its loan book grows, its margin stays steady and its loans stay clean. Gross NPA is the loan-quality figure this page uses. ## What is Aadhar Housing Finance's P/BV ratio, and how does it compare with its own history? Aadhar Housing Finance Ltd's P/BV is 2.5×, about the lowest it has ever been. Its usual P/BV (the middle reading) is 3.0×, over 2.1 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why this happened. Primary lens is price-to-book versus return on equity, not PE about 18.9. Dual prints 2.88 and 2.95 (and 2.77 on June net worth 7,853 crore rupees) versus own median 3.05, percentile 25, COMPRESSED, GOLDEN SETUP flagged, DII stake-building, low reliability true, sufficiency MODERATE. GARP is screen only. Price about 498 rupees; market value about 21,788 crore rupees. Results day 31 July 2026 closed 497.25, plus 0.66 percent. Keep one thing in mind: the net margin is the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks. Why the multiple is where it is: over the past year book value grew while the price moved −12.8%. Price and book value moved together, so the multiple stayed in its range. In short: the multiple is low against its own past, so the book value trend underneath matters more than the multiple. ## What growth does the Aadhar Housing Finance share price assume? Worked out from its price on 26 August 2026, Aadhar Housing Finance Ltd's share price assumed profit growth of about 10.5% a year. Over the past 7 years its profit actually grew 31.4% a year. Today its P/BV is 2.5×, lower than 99% of its own last 2.1 years. This is a one-day reading, taken on 26 August 2026. Every other number on this page, the multiple included, uses the latest price as of 4 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements. ## Is the Aadhar Housing Finance business getting better or worse? Aadhar Housing Finance Ltd's business is growing steadily. Revenue, profit and EPS growth have stayed positive throughout, and ROE is steady at 15.1%. This is based on 11 quarters of 4 measures. Why it matters: steady growth with healthy returns is how a business compounds over time. ## What is the Aadhar Housing Finance story, and has it been checked? Aadhar Housing Finance Ltd's story is not scored yet against the checks our research set on 17 August 2026. Checks so far: 19 not due yet. From the numbers. AUM delivered; Q1 PAT 282.36 versus Q4 310.92 down 9.3 percent; credit cost 31.67 versus 10.17; quarterly write-off column GAP. From the price. From the research. What is proven. FY26 AUM 30,571 crore rupees DELIVERED against the 30,000 crore rupee milestone; June AUM 31,364 crore rupees; spread held at 5.8 percent; CRAR 43.39 percent; CARE AA+ Stable; sequential Q1 profit drop of 28.56 crore rupees closes on credit cost plus day-1 plus funding cost

What is not proven yet. Whether March GNPA 1.08 percent was a destination or a trough, because FY26-quarter and Q1 FY27 write-off rupees are GAP; whether 17 to 18 percent disbursement and 17 to 18 percent return on equity ever print on the stated basis;

What would change our mind. Next two results print write-off rupees beside GNPA, Q2 credit cost falls toward 23 to 25 basis points without parked-cheque theatre, and promoter plus AXDI share counts stay flat

The test written in advance. Write-off disclosure beside GNPA. Measured by: Same-period write-off rupees next to GNPA / Stage 3 a rupee disclosed, not blank; FY26 annual-report 39.33 crore rupees reconciled into the quarterly spine by FY27-Q2 results, November 2026. The test written in advance. Q2 credit cost toward the year-end talk. Measured by: Credit cost rupees and basis points back toward 23 to 25 basis points full-year path, not stuck near Q1 40.9 basis points by FY27-Q2 results, November 2026. The test written in advance. Stage 3 with write-offs. Measured by: Stage 3 gross rupees and percent, with write-off rupees Stage 3 not above 2 percent for two consecutive quarters; write-off rupee in the same sentence by FY27-Q3 results, February 2027. What the company does. Aadhar lends small fully secured home loans and loans against property, typical ticket about 10 to 11 lakh rupees, funded by banks, the National Housing Bank, bonds and a small foreign loan, originated through 628 branches and local introducers. About three-quarters of the book is a home loan; about one-quarter is loan against property. There is no developer book. How the money is made. Profit equals loan book times lending spread plus fees plus day-1 assignment and co-lending gain minus operating cost minus credit cost (provisions plus write-offs) minus tax. Did the business cover its own costs? Operating profit covered credit cost and write-offs against pre-provision operating profit in 7 of 14 periods; cumulatively . PPoP covered the provision line wherever we have official numbers. That is not the same as covering losses that left the book. Black Box remains violated. Year-on-year plus 19 percent versus sequential minus 9.3 percent. The easy slide is PAT 282 versus 237. The honest slide is 282 versus 311. Credit cost 31.67 versus 10.17 and day-1 49.94 versus 70.49 close the gap. Results day plus 0.66 percent priced the shrug, not a collapse. Filings name BCP Topco VII to BCP Asia II Holdco VII off-market at 425 rupees plus AXDI 10.09 percent public. Not founder dump. Not skin in the game. DII stake-building does not cancel minus 10.95 percentage points. Silent on ten calls. AUM DELIVERED versus the engine MISSED. 30,571 crore rupees printed. Disbursement 18 to 20 percent did not. Branches 70 to 75 did not. Lower BT-out rescued AUM. Lever 16 · Asset quality: working now. Seasonal June GNPA pop versus March trough, credit-cost saw-tooth, and a missing quarterly write-off column. Secured book and 5 percent BT-out are real insulation, not a substitute for write-off rupees. What proves it keeps working: Q2 FY27 GNPA / Stage 3 printed with same-period write-off rupees, and credit cost back toward 23 to 25 basis points. It stops working if Write-offs stay undisclosed, or Stage 3 stays above 2 percent for two quarters, or Q2 credit cost stays near 40.9 basis points while they still guide 23 to 25. Lever 2 · Value-added mix: working now. Qual 9M net 22 to 28 crore rupees is a different family. What proves it keeps working: Q2 day-1 in crore and as a percent of PBT; net DA impact (day-1 minus unwinding) disclosed in rupees. Lever 1 · Operating leverage: building. Cost-to-income improved as AUM scaled, then a 14 crore rupee-a-quarter stock-option cost arrived. That is a grind, not a catapult. What proves it keeps working: Cost-to-income excluding ESOP stays at or below about 36 percent as AUM grows. It stops working if Cost-to-income including ESOP reverses above 36 percent while branch adds stay slow. Lever 3 · Management change: working now. Silent on ten calls. What proves it keeps working: Promoter share count unchanged at 28,27,88,827 and AXDI still about 10 percent on the next shareholding pattern. It stops working if AXDI or the new promoter supplies without NHB consent theatre, or a second regulator penalty row appears. What this research does not know. Quarterly write-off rupees for FY26 quarters and Q1 FY27, working column GAP. FY25 call 32 crore rupees and FY26 annual-report 39.33 crore rupees exist; they are not a 14-quarter series.; Net DA impact (day-1 minus unwinding) in rupees for FY26 and Q1 FY27. Qual 9M net 22 to 28 crore rupees is not that number.; FY26 statutory assignment note: about 1,580.48 crore rupees versus call about 1,725 crore rupees, which is gross versus shareholder-share.; Q2/Q3 intra-year AUM, disbursement and BT-out points the shareholder-presentation charts skip.; Share count at December 2025 for exact promoter-share arithmetic on the open-offer date. Sources: Aadhar Q1 FY27 company presentation (31 July 2026); Aadhar Q1 FY27 unaudited standalone and consolidated financial results (31 July 2026); Aadhar Q1 FY27 press release (31 July 2026); Aadhar Q1 FY27 earnings call transcript (company IR) (31 July 2026); Aadhar FY26 company presentation (5 May 2026); Aadhar Q1 FY26 company presentation (25 July 2025); Aadhar FY26 audited results (5 May 2026); Aadhar FY26 annual report and AGM notice (1 August 2026); +20 more. The story check is re-scored every results season; the record below never changes. ## Did Aadhar Housing Finance management deliver what it promised? What Aadhar Housing Finance Ltd's management promised, against what actually happened: 6 promises on the record. Scored in our research file, promise by promise. A promise that slipped stays on this page after it is met. Said 30 January 2026, due FY26 close: not due yet. Promised: Cross 30,000 crore rupees AUM by FY26-end (the pipeline claim). What arrived: AUM 30,571 crore rupees; 30,571 / 25,531 equals plus 19.7 percent versus spoken plus 20 percent. Said 8 August 2024, due FY25 close: missed. Promised: 18 to 20 percent disbursement growth driving 20 to 23 percent AUM (same call also 22 to 23 percent this year). What arrived: Disbursement 8,192 crore rupees, plus 16 percent. AUM plus 21 percent. Said 6 November 2024, due FY25 close: missed. Promised: AUM 22 to 24 percent; profit 23 to 27 percent (explicitly not 30 to 35 percent). What arrived: AUM plus 21 percent. PAT 912 / 750 equals plus 21.6 percent. Said 8 August 2024, due FY25 close: missed. Promised: 70 to 75 new branches in FY25. What arrived: 6 Feb 2025 already cut to about 55. 6 May 2025: 57 added. Said 6 May 2025, due FY26 close: not due yet. Promised: FY26 disbursement 18 to 19 percent; AUM 20 to 21 percent; PAT 20 to 21 percent. What arrived: Disbursement plus 17 percent. AUM plus 19.7 percent recomputed (spoken plus 20). PAT 1,096 / 912 equals plus 20.2 percent (1,108 without labour code equals plus 21.5 percent). Said 25 July 2025, due FY26 close: missed. Promised: FY26 disbursement 18 to 20 percent; AUM 20 to 22 percent. What arrived: Disbursement plus 17 percent. AUM plus 20 percent spoken / 19.7 percent recomputed. Every quote above is taken word for word from the company’s own earnings calls. ## What is Aadhar Housing Finance management's track record? No SEBI/CBI/ED action; Adarsh name-collision false positive; Blackstone-controlled; ICRA outlook revised to Positive 05-Jun-2025. 0% Promoter shares pledged

(Checked 21 July 2026.)

## How much does Aadhar Housing Finance earn on its equity and assets? Aadhar Housing Finance Ltd earned a return on equity of 16% in FY26. Its lowest yearly reading on file was 12% in FY20. On its assets, every ₹100 earned about ₹4.33, before the effect of borrowing. For a lender the balance sheet is the business, so the return on equity and on assets have to be read together. Why this happened. FY26 ROE 15.9 percent without labour code; Q1 14.7 percent. The 17 to 18 percent recovery is MISSED so far. Excess CRAR 43 percent plus ESOP 14 crore rupees plus IPO primary still sitting in net worth explain the drag. FY24 ROE about 18 percent is the memory, not the current print. That is above the level a bank needs to grow its net worth steadily. Why ROE moved: profit grew 31.4% a year over 7 years while net worth grew more slowly. When earnings recover faster than net worth builds up, ROE climbs off its low. ## Does Aadhar Housing Finance have too much debt? For a bank, borrowing is the raw material of the business, not a warning sign: it borrows money in order to lend it out. Its safety is read through its returns and its loans. Its safety is read from the bad-loan figures and the return on equity instead. Why this happened. Borrowings about 20,000 crore rupees (plus 19 percent year on year). Mix: banks 49, NHB 24, NCDs 17, foreign 7, others 3. Gross gearing 2.55 times on June net worth; net debt-equity 2.36 after cash. Incremental Q1 borrowings 2,238 crore rupees at 7.3 percent. They will not lever fast: 3 times first, rating comfort about 4.5 times for a AA name. For a manufacturer, debt is a claim on its profits. For a lender it is the stock it trades in, so the usual debt-to-equity test would mislead and is not used here. ## What is the Aadhar Housing Finance shareholding pattern? Promoters cut their stake in Aadhar Housing Finance Ltd by 11.4 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 64.5% of the company. Domestic institutions moved +2.0 points over the same period, to 11.5%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Why this happened. Promoter 75.61 percent March 2025 to 64.90 March 2026 to 64.66 June 2026 (minus 10.95 percentage points). June dip is ESOP dilution; promoter share count flat at 28,27,88,827. NHB non-disposal undertaking on the whole promoter block, 26 percent floor. DII stake-building (mutual funds 5.53 to 6.70) does not cancel the cliff. Silent on ten calls. Over the last two years: Promoters: −11.4 points over 8 quarters, to 64.5%; Domestic institutions: +2.0 points over 8 quarters, to 11.5%; Foreign institutions: −0.2 points over 8 quarters, to 4.1%. Why the owners changed: promoters drove it (−11.4 points), with the other side taken by domestic institutions (+2.0 points). They reduced their stake. ## How far is Aadhar Housing Finance from balance-sheet trouble? For Aadhar Housing Finance Ltd, the Z-score is not used, because it was built for manufacturers, not lenders. For a lender, safety is read from its capital and bad-loan figures instead. Why this happened. One RBI/NHB monetary penalty in the last 24 months: 5 lakh rupees on 2 September 2024 for charging interest before actual disbursement. Same Fair Practices issue as the Q1 cheque-clearance change. FY26 annual report no RBI fine in 2025-26 is true for that year only. Q1 limited review not qualified. 39 fraud cases of 1 lakh-plus reported to NHB/RBI in FY26; rupee total GAP. CARE AA+ Stable 13 July 2026 is the live rating. ## How does Aadhar Housing Finance rank in its industry? 60.1 out of 100, rank 5 of 13 in Finance - Housing, with 90% of the evidence available. Aadhar Housing Finance Ltd scores 60.1 out of 100 against the 13 companies it is compared with in Finance - Housing, ranking 5. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 22 + 18.7 + 8.4 + 11 = 60.1. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector. ## Which companies is Aadhar Housing Finance compared with? Aadhar Housing Finance ranks 5 of 13 Finance - Housing companies on the 4-Factor Sector Score, with 60.1 out of 100. 1. [Can Fin Homes Ltd](https://www.sectoralpha.in/stocks/can-fin-homes-ltd) CANFINHOME · basing · Most evidence points up · 93% evidence 65.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.2/35 · Income 7.9% · Profit 25.3% · 100% evidence Capital efficiency 17.2/25 · ROA 2.5% · ROE 19.7% · GNPA n/a · 72% evidence Valuation 15.8/20 · P/BV 1.49× · P/BV÷ROE 0.08 · 100% evidence Relative strength 9.7/20 · Lead over its industry 0% · Lead over NIFTY 500 -10.9% · 1 year -17.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 23.2 + 17.2 + 15.8 + 9.7 = 65.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Home First Finance Company India Ltd](https://www.sectoralpha.in/stocks/home-first-finance-company-india-ltd) HOMEFIRST · quiet · Evidence leans up · 78% evidence 64.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.5/35 · Income 19.2% · Profit 36.6% · 100% evidence Capital efficiency 17.1/25 · ROA 3.6% · ROE 15.7% · GNPA n/a · 72% evidence Valuation 10.1/20 · P/BV 2.4× · P/BV÷ROE 0.15 · 100% evidence Relative strength 11.4/20 · Lead over its industry n/a · Lead over NIFTY 500 0.1% · 1 year -10.3% · 25% evidence · 6 of 12 weeks ahead Exact sum: 25.5 + 17.1 + 10.1 + 11.4 = 64.1 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [India Shelter Finance Corporation Ltd](https://www.sectoralpha.in/stocks/india-shelter-finance-corporation-ltd) INDIASHLTR · basing · Evidence leans up · 87% evidence 61.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.4/35 · Income 25.8% · Profit 28.1% · 67% evidence Capital efficiency 18.4/25 · ROA 5.8% · ROE 17.1% · GNPA 1.6% · 95% evidence Valuation 11.1/20 · P/BV 2.1× · P/BV÷ROE 0.12 · 100% evidence Relative strength 8.7/20 · Lead over its industry -3.8% · Lead over NIFTY 500 -14.4% · 1 year -30.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 23.4 + 18.4 + 11.1 + 8.7 = 61.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Housing & Urban Development Corporation Ltd](https://www.sectoralpha.in/stocks/housing-urban-development-corporation-ltd) HUDCO · quiet · Evidence leans up · 84% evidence 60.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.9/35 · Income 25.9% · Profit 53% · 75% evidence Capital efficiency 17.1/25 · ROA 2.4% · ROE 20% · GNPA n/a · 72% evidence Valuation 12.8/20 · P/BV 1.3× · P/BV÷ROE 0.07 · 100% evidence Relative strength 0.5/20 · Lead over its industry -14% · Lead over NIFTY 500 -23.5% · 1 year -39.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 29.9 + 17.1 + 12.8 + 0.5 = 60.3 · What this means: Earnings are strong; relative strength in its sector is -14% and the one-year return is -39.6%. 5. Aadhar Housing Finance Ltd this page AADHARHFC · basing · Evidence leans up · 90% evidence 60.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.0/35 · Income 17.7% · Profit 20.1% · 88% evidence Capital efficiency 18.7/25 · ROA 4% · ROE 15.9% · GNPA 1.3% · 100% evidence Valuation 8.4/20 · P/BV 2.43× · P/BV÷ROE 0.15 · 70% evidence Relative strength 11.0/20 · Lead over its industry 3.3% · Lead over NIFTY 500 -7.8% · 1 year -17.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 22 + 18.7 + 8.4 + 11 = 60.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [AAVAS Financiers Ltd](https://www.sectoralpha.in/stocks/aavas-financiers-ltd) AAVAS · basing · Evidence leans up · 85% evidence 58.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.8/35 · Income 12.1% · Profit 16.9% · 100% evidence Capital efficiency 17.4/25 · ROA 3.2% · ROE 13.9% · GNPA 1.1% · 100% evidence Valuation 13.2/20 · P/BV 1.56× · P/BV÷ROE 0.11 · 100% evidence Relative strength 8.3/20 · Lead over its industry n/a · Lead over NIFTY 500 -18% · 1 year -35.6% · 25% evidence · 0 of 12 weeks ahead Exact sum: 19.8 + 17.4 + 13.2 + 8.3 = 58.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [LIC Housing Finance Ltd](https://www.sectoralpha.in/stocks/lic-housing-finance-ltd) LICHSGFIN · turning · Evidence leans up · 88% evidence 56.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 9.4/35 · Income -0.6% · Profit 6.8% · 86% evidence Capital efficiency 12.8/25 · ROA 1.7% · ROE 14.4% · GNPA n/a · 72% evidence Valuation 17.3/20 · P/BV 0.62× · P/BV÷ROE 0.04 · 100% evidence Relative strength 16.8/20 · Lead over its industry 8.7% · Lead over NIFTY 500 -3% · 1 year -13.5% · 100% evidence · 2 of 12 weeks ahead Exact sum: 9.4 + 12.8 + 17.3 + 16.8 = 56.3 · What this means: Relative strength against the index is -3%, and revenue and profit growth are weak. 8. [PNB Housing Finance Ltd](https://www.sectoralpha.in/stocks/pnb-housing-finance-ltd) PNBHOUSING · leader · Evidence leans up · 93% evidence 55.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.0/35 · Income 10% · Profit 9.3% · 100% evidence Capital efficiency 12.9/25 · ROA 2.3% · ROE 12.7% · GNPA n/a · 72% evidence Valuation 11.1/20 · P/BV 1.37× · P/BV÷ROE 0.11 · 100% evidence Relative strength 19.0/20 · Lead over its industry 25.7% · Lead over NIFTY 500 12.3% · 1 year 14.1% · 100% evidence · 11 of 12 weeks ahead Exact sum: 12 + 12.9 + 11.1 + 19 = 55 · What this means: Relative strength against the index is 12.3%, and revenue and profit growth are weak. 9. [Bajaj Housing Finance Ltd](https://www.sectoralpha.in/stocks/bajaj-housing-finance-ltd) BAJAJHFL · basing · Evidence leans up · 94% evidence 54.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.9/35 · Income 17.3% · Profit 18.9% · 100% evidence Capital efficiency 15.0/25 · ROA 2% · ROE 12.1% · GNPA 0.3% · 100% evidence Valuation 5.3/20 · P/BV 2.69× · P/BV÷ROE 0.22 · 70% evidence Relative strength 15.5/20 · Lead over its industry 3.5% · Lead over NIFTY 500 -7.7% · 1 year -29.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 18.9 + 15 + 5.3 + 15.5 = 54.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Aptus Value Housing Finance India Ltd](https://www.sectoralpha.in/stocks/aptus-value-housing-finance-india-ltd) APTUS · quiet · Evidence leans up · 87% evidence 54.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.6/35 · Income 21.2% · Profit 23.4% · 67% evidence Capital efficiency 19.0/25 · ROA 7.8% · ROE 20.1% · GNPA 1.7% · 95% evidence Valuation 11.5/20 · P/BV 1.89× · P/BV÷ROE 0.09 · 100% evidence Relative strength 2.0/20 · Lead over its industry -11.7% · Lead over NIFTY 500 -21.4% · 1 year -39.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 21.6 + 19 + 11.5 + 2 = 54.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Repco Home Finance Ltd](https://www.sectoralpha.in/stocks/repco-home-finance-ltd) REPCOHOME · basing · Evidence leans down · 63% evidence 49.3 out of 100 Growth Capital Valuation Relative
12. [GIC Housing Finance Ltd](https://www.sectoralpha.in/stocks/gic-housing-finance-ltd) GICHSGFIN · quiet · Evidence leans down · 69% evidence 41.9 out of 100 Growth Capital Valuation Relative
13. [Sammaan Capital Ltd](https://www.sectoralpha.in/stocks/sammaan-capital-ltd) SAMMAANCAP · quiet · Most evidence points down · 74% evidence 23.4 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Finance - Housing](https://www.sectoralpha.in/sectors/finance-housing), all 13 compared on one page. ## Which companies are close to Aadhar Housing Finance in size? Aadhar Housing Finance is the 5th largest of 13 Finance - Housing companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Housing & Urban Development Corporation, PNB Housing Finance and LIC Housing Finance. Just below it: Sammaan Capital, Home First Finance Company India and Can Fin Homes. ### Finance - Housing companies close in size

1. [Housing & Urban Development Corporation Ltd](https://www.sectoralpha.in/stocks/housing-urban-development-corporation-ltd) ₹28,641 crore
2. [PNB Housing Finance Ltd](https://www.sectoralpha.in/stocks/pnb-housing-finance-ltd) ₹27,645 crore
3. [LIC Housing Finance Ltd](https://www.sectoralpha.in/stocks/lic-housing-finance-ltd) ₹27,157 crore
4. Aadhar Housing Finance Ltd ₹18,417 crore
5. [Sammaan Capital Ltd](https://www.sectoralpha.in/stocks/sammaan-capital-ltd) ₹13,560 crore
6. [Home First Finance Company India Ltd](https://www.sectoralpha.in/stocks/home-first-finance-company-india-ltd) ₹11,210 crore
7. [Can Fin Homes Ltd](https://www.sectoralpha.in/stocks/can-fin-homes-ltd) ₹9,582 crore

[All 13 Finance - Housing companies, largest first](https://www.sectoralpha.in/sectors/finance-housing#all-companies)

### Companies close in size in other industries

1. [Shilpa Medicare Ltd](https://www.sectoralpha.in/stocks/shilpa-medicare-ltd) ₹18,690 crore · Pharma - API & CRAMS
2. [Castrol India Ltd](https://www.sectoralpha.in/stocks/castrol-india-ltd) ₹18,596 crore · Lubricants
3. Aadhar Housing Finance Ltd ₹18,417 crore
4. [OneSource Specialty Pharma Ltd](https://www.sectoralpha.in/stocks/onesource-specialty-pharma-ltd) ₹17,924 crore · Pharma - API & CRAMS
5. [EIH Ltd](https://www.sectoralpha.in/stocks/eih-ltd) ₹17,907 crore · Hotels

## Quarterly scorecard? Our Aadhar Housing Finance Ltd research of 17 August 2026 set 19 checks, and every results season scores each one. No results season has been scored against them yet. A row is permanent: a miss stays on the record after it is fixed. ## Governance? What we checked on how Aadhar Housing Finance Ltd is run. 6 items came back clean and 7 are being watched. Read from the company’s own filings and earnings calls; a watch item is a question, not a finding. Clean (6). Joint statutory auditors, RBI rotation observed: S.R. Batliboi continuing; Kirtane and Pandit term ended 6 Aug 2026; N.M. Raiji and Co. recommended FY27 to FY29, fee up to 45 lakh rupees, no non-audit work; FY26 audit unmodified; no 143(12) fraud report to the Board; Q1 limited review not qualified; No Section 188 material related-party transactions in FY26; no transactions with promoter-group holders of 10 percent or more; AOC-2 not applicable; MD and CEO Rishi Anand pay 47.23 times median employee; Executive Vice Chairman 45.69 times; median employee pay plus 1.16 percent; 5,430 permanent staff at year-end (5,671 at 30 Jun 2026); Board chaired by Raj Vikash Verma (ex-NHB, independent); independents include Sharmila Karve and Punita Kumar Sinha; Blackstone nominees unpaid; Material fraud to NHB / 143(12): none of 1 crore rupees or more in FY26. On watch (7). AXDI LDII SPV 1 Ltd 10.09…; NHB non-disposal undertaking on the entire 28,27,88,827 promoter shares (7 Apr 2026), 26 percent floor while refinance is outstanding; aggregator 40 percent pledge is a misread of 26 / 64.66; AXDI 10.09 percent sitting in the public bucket is a second 10 percent block, not India retail piling in; ESOP Plan 2020: 93,35,814 options outstanding at 31 Mar 2026; Plan 2025 pool 3,11,22,170; Q1 P and L already took 14 crore rupees; Jun 2024 basis-point promoter dip is this dilution; 39 fraud cases of 1 lakh rupees or more reported to NHB/RBI in FY26; rupee total not disclosed; FY26 annual-report rating table still printed CARE AA at 31 Mar 2026 while CARE 13 Jul 2026 PDF is AA+ Stable; RBI/NHB 5 lakh rupee Fair Practices penalty on 2 Sep 2024 (interest before disbursement) sits next to the Q1 2026 cheque-clearance governance change, same issue, 22 months later. ## What else do people ask about Aadhar Housing Finance? ### What is Aadhar Housing Finance's share price today? Aadhar Housing Finance Ltd's share price is ₹431.20, −12.8% over the past year. The whole company is worth ₹18,908 Cr on the market. In the last 52 weeks it traded between ₹420 to ₹556; today it is 8% of the way up from the low, 9.2% below its 200-day average (as of 4 November 2026). ### What were Aadhar Housing Finance's latest quarterly results? Aadhar Housing Finance Ltd reported total income of ₹993 Cr and net profit of ₹282 Cr for the Jun 2026 quarter. Income rose 17.1% and profit rose 19.0% compared with a year earlier. Earnings per share were ₹6.46. Gross NPA stood at 1.31% of the loan book (as of 4 November 2026). ### What is Aadhar Housing Finance's market cap? Aadhar Housing Finance Ltd's market capitalisation is ₹18,908 Cr at a share price of ₹431.20. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is Aadhar Housing Finance performing? Aadhar Housing Finance Ltd's share price has been falling for 5 weeks. In its latest quarter, income rose 17.1% and profit rose 19.0% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 12 weeks running (as of 4 November 2026). ### Will Aadhar Housing Finance's share price go up? This page does not forecast Aadhar Housing Finance Ltd's share price. What it shows instead: the share price is ₹431.20, and it has been falling for 5 weeks. Its P/BV of 2.5× is higher than 1% of its own last 2 years (as of 4 November 2026). ### Who owns Aadhar Housing Finance? Promoters own 64.5% of Aadhar Housing Finance Ltd, foreign institutions 4.1%, domestic institutions 11.5% and the public 19.9% (latest quarter). The biggest change over the last two years: Promoters cut their stake by 11.4 percentage points over 8 quarters (as of 4 November 2026). ### Where is Aadhar Housing Finance in its business cycle? Aadhar Housing Finance Ltd's FY26 net margin was 29.8%, against a 8-year range of 12.8% to 29.8%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 28.4%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the Aadhar Housing Finance story? The main question: yearly earnings per share moved +19.0% while the share price moved −12.8%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is Aadhar Housing Finance a stock worth studying right now? What the numbers show: Aadhar Housing Finance Ltd is Listed affordable-housing lender to low-income families across 22 Indian states. Aadhar Housing Finance Ltd's earnings have grown faster than its share price. Earnings per share grew +19.0% in a year while the price moved −12.8%. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ### Is there a Aadhar Housing Finance share price forecast for 2026? What management itself guided: FY27 AUM and profit growth of 20.0% each, with disbursement growth of 17.0%-18.0%; the next three quarters are planned above 20.0%, with Q2 close to 25.0%. What is changing at Aadhar Housing Finance, from the latest results and calls: emerging market distribution network, pradhan mantri awas yojana 2.0 leadership and funding cost advantage via national housing bank and bank credit lines. What would change the story: Two consecutive quarters with GNPA above 1.75%, Stage 2 rising, or credit cost failing to move toward the guided 23-25 basis points range, alongside clearance-basis AUM growth materially below 20% or another explicit guidance walk-back. ### Where does this page get Aadhar Housing Finance's management information? From Aadhar Housing Finance's results calls, its filings and public records on governance, each dated on the page. Management’s plans are shown as plans, never as results. ## Lists

- 52 week high & low: https://www.sectoralpha.in/52-week-high-stocks-india
- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india

This is research, not advice. We’re not SEBI-registered.