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Aavas Financiers

BSE:541988
Snowflake Description

High growth potential with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
541988
BSE
₹89B
Market Cap
  1. Home
  2. IN
  3. Banks
Company description

Aavas Financiers Limited provides retail housing finance services for low and middle income self-employed customers in semi-urban and rural areas in India. The last earnings update was 183 days ago. More info.


Add to Portfolio Compare Print
  • Aavas Financiers has significant price volatility in the past 3 months.
541988 Share Price and Events
7 Day Returns
-4.3%
BSE:541988
1.4%
IN Mortgage
0.4%
IN Market
1 Year Returns
-
BSE:541988
-0.5%
IN Mortgage
2%
IN Market
541988 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Aavas Financiers (541988) -4.3% 26% 36% - - -
IN Mortgage 1.4% 7.3% -1.5% -0.5% 65.8% 141.4%
IN Market 0.4% 9.1% 1.8% 2% 43.6% 80.4%
1 Year Return vs Industry and Market
  • No trading data on 541988.
  • No trading data on 541988.
Price Volatility
Industry
5yr Volatility vs Market

541988 Value

 Is Aavas Financiers undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Aavas Financiers to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Aavas Financiers.

BSE:541988 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= ₹127.96 * 9.1%
₹11.59
Book Value of Equity per Share Median Book Value from the past 5 years. ₹127.96
Discount Rate (Cost of Equity) See below 16.6%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:541988
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Mortgage Unlevered Beta Simply Wall St/ S&P Global 0.88
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.884 (1 + (1- 35%) (30.49%))
1.055
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.05
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.055 * 8.6%)
16.62%

Discounted Cash Flow Calculation for BSE:541988 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Aavas Financiers is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

BSE:541988 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (9.1% – 16.62%) * ₹127.96)
₹-9.69
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ₹-9.69 / (16.62% - 7.55%)
₹-106.75
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ₹127.96 + ₹-106.75
₹21.21
BSE:541988 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BSE:541988 represents 0.99921x of NSEI:AAVAS
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99921x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 21.21 x 0.99921
₹21.19
Value per share (INR) From above. ₹21.19
Current discount Discount to share price of ₹1,141.95
= -1 x (₹1,141.95 - ₹21.19) / ₹21.19
-5287.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Aavas Financiers is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Aavas Financiers's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Aavas Financiers's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:541988 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in INR ₹16.51
NSEI:AAVAS Share Price ** NSEI (2019-03-20) in INR ₹1142.85
India Mortgage Industry PE Ratio Median Figure of 12 Publicly-Listed Mortgage Companies 13.48x
India Market PE Ratio Median Figure of 2,730 Publicly-Listed Companies 16.4x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Aavas Financiers.

BSE:541988 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:AAVAS Share Price ÷ EPS (both in INR)

= 1142.85 ÷ 16.51

69.23x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Aavas Financiers is overvalued based on earnings compared to the IN Mortgage industry average.
  • Aavas Financiers is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Aavas Financiers's expected growth come at a high price?
Raw Data
BSE:541988 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 69.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
35.1%per year
India Mortgage Industry PEG Ratio Median Figure of 5 Publicly-Listed Mortgage Companies 0.57x
India Market PEG Ratio Median Figure of 596 Publicly-Listed Companies 1.27x

*Line of best fit is calculated by linear regression .

BSE:541988 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 69.23x ÷ 35.1%

1.97x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Aavas Financiers is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Aavas Financiers's assets?
Raw Data
BSE:541988 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in INR ₹166.45
NSEI:AAVAS Share Price * NSEI (2019-03-20) in INR ₹1142.85
India Mortgage Industry PB Ratio Median Figure of 14 Publicly-Listed Mortgage Companies 2.05x
India Market PB Ratio Median Figure of 3,617 Publicly-Listed Companies 1.12x
BSE:541988 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:AAVAS Share Price ÷ Book Value per Share (both in INR)

= 1142.85 ÷ 166.45

6.87x

* Primary Listing of Aavas Financiers.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Aavas Financiers is overvalued based on assets compared to the IN Mortgage industry average.
X
Value checks
We assess Aavas Financiers's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Mortgage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Mortgage industry average (and greater than 0)? (1 check)
  5. Aavas Financiers has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

541988 Future Performance

 How is Aavas Financiers expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
35.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Aavas Financiers expected to grow at an attractive rate?
  • Aavas Financiers's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Aavas Financiers's earnings growth is expected to exceed the India market average.
  • Aavas Financiers's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
BSE:541988 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:541988 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 35.1%
BSE:541988 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 30.8%
India Mortgage Industry Earnings Growth Rate Market Cap Weighted Average -3%
India Mortgage Industry Revenue Growth Rate Market Cap Weighted Average -21.1%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:541988 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:541988 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 7,352 2,935 1
2020-03-31 5,665 2,184 1
2019-03-31 4,302 1,631 1
BSE:541988 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-06-30 2,981 1,013
2018-03-31 2,700 -9,241 929
2017-03-31 1,672 -5,906 579
2016-03-31 990 -5,961 321

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Aavas Financiers's earnings are expected to grow significantly at over 20% yearly.
  • Aavas Financiers's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:541988 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Aavas Financiers Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:541988 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 37.60 37.60 37.60 1.00
2020-03-31 28.00 28.00 28.00 1.00
2019-03-31 20.90 20.90 20.90 1.00
BSE:541988 Past Financials Data
Date (Data in INR Millions) EPS *
2018-06-30 16.51
2018-03-31 15.86
2017-03-31 11.24
2016-03-31 7.96

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Aavas Financiers is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Aavas Financiers's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Aavas Financiers has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

541988 Past Performance

  How has Aavas Financiers performed over the past 5 years?

  • Aavas Financiers's last earnings update was 183 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Aavas Financiers's growth in the last year to its industry (Mortgage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Aavas Financiers has delivered over 20% year on year earnings growth in the past 5 years.
  • Aavas Financiers's 1-year earnings growth is less than its 5-year average (52.2% vs 56.4%)
  • Aavas Financiers's earnings growth has exceeded the IN Mortgage industry average in the past year (52.2% vs 22%).
Earnings and Revenue History
Aavas Financiers's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Aavas Financiers Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:541988 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 2,980.70 1,013.41 949.91
2018-03-31 2,700.31 928.75 831.86
2017-03-31 1,672.12 578.52 511.46
2016-03-31 990.03 320.64 355.44
2015-03-31 536.60 190.81 174.55
2014-12-31 451.19 160.31 154.87
2014-09-30 365.78 129.81 135.20
2014-06-30 314.75 100.85 131.32
2014-03-31 263.73 71.90 127.45

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Aavas Financiers has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Aavas Financiers used its assets more efficiently than the IN Mortgage industry average last year based on Return on Assets.
  • Unable to establish if Aavas Financiers improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Aavas Financiers's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Mortgage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Aavas Financiers has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

541988 Health

 How is Aavas Financiers's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Aavas Financiers's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Aavas Financiers Company Filings, last reported 8 months ago.

BSE:541988 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 11,776.44 27,217.61 4,458.65
2018-03-31 10,984.13 25,957.82 5,694.61
2017-03-31 5,663.27 17,933.88 2,757.67
2016-03-31 2,031.03 14,467.68 2,349.00
2015-03-31 1,014.41 7,132.53
2014-12-31 1,014.41 7,132.53
2014-09-30
2014-06-30
2014-03-31
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Unable to establish if Aavas Financiers has an acceptable proportion of non-loan assets without balance sheet data.
  • Unable to establish if Aavas Financiers's liabilities are primarily made up of low risk funding sources without deposits or liabilities data.
  • Aavas Financiers reports no customer deposits, loans are made up entirely of borrowed funds.
  • Aavas Financiers's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Unable to establish if Aavas Financiers has a sufficient allowance for bad loans without relevant financial data.
  • Unable to establish if Aavas Financiers has an acceptable level of bad loans without bad loans data.
X
Financial health checks
We assess Aavas Financiers's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Aavas Financiers has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

541988 Dividends

 What is Aavas Financiers's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Aavas Financiers dividends. Estimated to be 0% next year.
If you bought ₹2,000 of Aavas Financiers shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Aavas Financiers's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Aavas Financiers's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:541988 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
India Mortgage Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 1.3%
India Market Average Dividend Yield Market Cap Weighted Average of 1399 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:541988 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 0.00 1.00
2020-03-31 0.00 1.00
2019-03-31 0.00 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Aavas Financiers has not reported any payouts.
  • Unable to verify if Aavas Financiers's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Aavas Financiers's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Aavas Financiers has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Aavas Financiers's dividends in 3 years as they are not expected to pay a notable one for India.
X
Income/ dividend checks
We assess Aavas Financiers's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Aavas Financiers afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Aavas Financiers has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

541988 Management

 What is the CEO of Aavas Financiers's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Sushil Agarwal
COMPENSATION ₹20,290,000
CEO Bio

Mr. Sushil Kumar Agarwal serves as Chief Executive Officer of Au Housing Finance Limited. Mr. Agarwal has 12 years of experience in the industry. He served as Business Head of SME & Mortgages at AU Financiers India Private Limited, where he was responsible for managing the credit risk and product in housing for North and East Zones. Mr. Agarwal was working with ICICI Bank Ltd. as National Head- Credit and Risk, for Business Banking Group, Mumbai. He serves as Whole Time Director of Au Housing Finance Limited. He is Chartered Accountant by Profession & rank holder.

CEO Compensation
  • Insufficient data for Sushil to compare compensation growth.
  • Sushil's remuneration is lower than average for companies of similar size in India.
Management Team

Sushil Agarwal

TITLE
CEO & Whole Time Director
COMPENSATION
₹20M

Ghanshyam Rawat

TITLE
Co-Founder & CFO
COMPENSATION
₹15M

Sharad Pathak

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹1M

Avinash Kumar

TITLE
Chief Technology Officer

Ashutosh Atre

TITLE
Chief Credit Officer

Sunku Naresh

TITLE
Chief Business Officer
Board of Directors Tenure

Average tenure and age of the Aavas Financiers board of directors in years:

2.7
Average Tenure
57
Average Age
  • The average tenure for the Aavas Financiers board of directors is less than 3 years, this suggests a new board.
Board of Directors

Krishan Rathi

TITLE
Chairman
COMPENSATION
₹600K
AGE
57

Sushil Agarwal

TITLE
CEO & Whole Time Director
COMPENSATION
₹20M

Nishant Sharma

TITLE
Non-Executive Nominee Director
TENURE
2.8 yrs

Kasargod Kamath

TITLE
Non-Executive Nominee Director
COMPENSATION
₹2M
AGE
63
TENURE
2.7 yrs

Vivek Vig

TITLE
Non-Executive Nominee Director
COMPENSATION
₹600K
TENURE
2.7 yrs

Manas Tandon

TITLE
Non-Executive Nominee Director
AGE
40
TENURE
2.8 yrs

Kalpana Iyer

TITLE
Independent Director
COMPENSATION
₹550K
TENURE
2.8 yrs

Sandeep Tandon

TITLE
Non-Executive Independent Director
COMPENSATION
₹200K
TENURE
1.7 yrs

Kartikeya Kaji

TITLE
Non-Executive Nominee Director
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • Aavas Financiers insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
12. Mar 19 Sell Arvin Jacob Individual 07. Mar 19 07. Mar 19 -1,000 ₹1,199.87 ₹-1,199,875
11. Mar 19 Sell Ankit Soni Individual 06. Mar 19 06. Mar 19 -200 ₹1,146.35 ₹-229,271
07. Mar 19 Sell Ankit Soni Individual 01. Mar 19 01. Mar 19 -100 ₹1,053.94 ₹-105,394
04. Mar 19 Sell Praveen Sharma Individual 01. Mar 19 01. Mar 19 -800 ₹1,044.20 ₹-835,360
04. Mar 19 Sell Ankit Soni Individual 26. Feb 19 28. Feb 19 -500 ₹986.85 ₹-493,425
20. Feb 19 Sell Vineet Jain Individual 06. Feb 19 13. Feb 19 -1,967 ₹868.36 ₹-1,708,072
20. Feb 19 Sell Gaurav Jain Individual 12. Feb 19 13. Feb 19 -1,500 ₹893.55 ₹-1,340,325
13. Feb 19 Sell Yogesh Acharya Individual 11. Feb 19 11. Feb 19 -2,360 ₹863.04 ₹-2,036,774
13. Feb 19 Sell Ankit Soni Individual 12. Feb 19 12. Feb 19 -300 ₹876.98 ₹-263,094
13. Feb 19 Sell Pankaj Makkar Individual 11. Feb 19 11. Feb 19 -1,970 ₹863.00 ₹-1,700,110
13. Feb 19 Sell Inderjit Gumber Individual 12. Feb 19 12. Feb 19 -1,575 ₹887.93 ₹-1,398,492
13. Feb 19 Sell Gaurav Vijay Individual 12. Feb 19 13. Feb 19 -1,000 ₹892.17 ₹-892,174
07. Feb 19 Sell Gaurav Vijay Individual 06. Feb 19 06. Feb 19 -2,500 ₹843.00 ₹-2,107,500
07. Feb 19 Sell Rajeev Sinha Individual 06. Feb 19 06. Feb 19 -1,500 ₹846.00 ₹-1,269,000
07. Feb 19 Sell Virendra Rathore Individual 01. Feb 19 01. Feb 19 -1,489 ₹850.00 ₹-1,265,650
07. Feb 19 Sell Mukul Bhattacharya Individual 05. Feb 19 05. Feb 19 -2,000 ₹840.00 ₹-1,680,000
07. Feb 19 Sell Vinod Panicker Individual 04. Feb 19 05. Feb 19 -3,000 ₹830.31 ₹-2,490,918
19. Jan 19 Sell Naveen Sharma Individual 17. Jan 19 18. Jan 19 -1,200 ₹850.58 ₹-1,020,700
19. Jan 19 Buy Vijay Kotadiya Individual 02. Jan 19 09. Jan 19 1,400 ₹851.67 ₹1,192,342
26. Dec 18 Sell Sunku Naresh Individual 21. Dec 18 21. Dec 18 -100,000 ₹840.00 ₹-84,000,003
26. Dec 18 Sell Ghanshyam Rawat Individual 21. Dec 18 21. Dec 18 -100,000 ₹840.00 ₹-84,000,003
26. Dec 18 Sell Ashutosh Atre Individual 21. Dec 18 21. Dec 18 -25,000 ₹840.00 ₹-21,000,001
21. Nov 18 Sell Sandra Paul Individual 14. Nov 18 19. Nov 18 -2,061 ₹682.43 ₹-1,406,480
16. Nov 18 Sell Yogesh Bansal Individual 14. Nov 18 14. Nov 18 -2,500 ₹675.50 ₹-1,688,750
12. Nov 18 Sell Sandra Paul Individual 31. Oct 18 06. Nov 18 -1,780 ₹667.82 ₹-1,188,722
02. Nov 18 Sell Rahul Khandelwal Individual 31. Oct 18 31. Oct 18 -4,500 ₹650.56 ₹-2,927,500
02. Nov 18 Sell Arvin Jacob Individual 31. Oct 18 31. Oct 18 -8,000 ₹665.00 ₹-5,320,000
02. Nov 18 Sell Shailendra Gupta Individual 31. Oct 18 31. Oct 18 -4,875 ₹636.00 ₹-3,100,500
05. Nov 18 Sell Punit Khandelwal Individual 01. Nov 18 02. Nov 18 -4,301 ₹667.66 ₹-2,871,599
05. Nov 18 Sell Vineet Jain Individual 01. Nov 18 02. Nov 18 -1,605 ₹664.14 ₹-1,065,945
02. Nov 18 Sell Pawan Bansal Individual 29. Oct 18 01. Nov 18 -3,550 ₹651.37 ₹-2,312,349
02. Nov 18 Sell Ghanshyam Gupta Individual 29. Oct 18 31. Oct 18 -2,000 ₹637.12 ₹-1,274,250
02. Nov 18 Sell Alok Das Individual 31. Oct 18 31. Oct 18 -2,100 ₹645.00 ₹-1,354,500
02. Nov 18 Sell Raman Sharma Individual 31. Oct 18 31. Oct 18 -1,600 ₹638.21 ₹-1,021,141
02. Nov 18 Sell Anurag Srivastava Individual 31. Oct 18 31. Oct 18 -9,175 ₹641.19 ₹-5,882,879
02. Nov 18 Sell Manoj Sharma Individual 31. Oct 18 31. Oct 18 -2,500 ₹642.07 ₹-1,605,163
02. Nov 18 Sell Sharad Pathak Individual 29. Oct 18 30. Oct 18 -3,942 ₹639.50 ₹-2,520,893
01. Nov 18 Sell Saurabh Jain Individual 31. Oct 18 31. Oct 18 -3,500 ₹634.26 ₹-2,219,919
01. Nov 18 Sell Mukesh Agarwal Individual 30. Oct 18 31. Oct 18 -6,650 ₹640.95 ₹-4,262,300
01. Nov 18 Sell Rajanish Mukul Individual 29. Oct 18 31. Oct 18 -2,100 ₹643.59 ₹-1,351,545
01. Nov 18 Sell Robin Sethi Individual 29. Oct 18 31. Oct 18 -1,750 ₹635.57 ₹-1,112,250
01. Nov 18 Sell Harshit Chabbra Individual 29. Oct 18 31. Oct 18 -2,598 ₹642.67 ₹-1,669,653
X
Management checks
We assess Aavas Financiers's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Aavas Financiers has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

541988 News

Simply Wall St News

541988 Company Info

Description

Aavas Financiers Limited provides retail housing finance services for low and middle income self-employed customers in semi-urban and rural areas in India. The company offers home loans, including purchase loans for flats, houses, or bungalows from builders or development authorities, as well as resale properties; and purchase of individual dwelling units, flats in low cost buildings, detached and semi-detached units, cluster units, residential units, and under construction or ready built properties. It also provides land purchase and construction, or construction loans; home improvement loans, such as repair and renovation loans; balance transfer loans; home equity loans comprising loans against residential property; and micro, small, and medium enterprise loans. In addition, the company offers financing for home extension that includes construction of additional rooms, floors, etc.; and special urban housing refinance schemes for low income households, as well as refinance schemes for women. As of June 30, 2018, it operated through 166 branches covering 95 districts in 8 states, including Rajasthan, Gujarat, Maharashtra, Madhya Pradesh, Delhi, Uttar Pradesh, Chhattisgarh, and Haryana. The company was formerly known as AU Housing Finance Limited and changed its name to Aavas Financiers Limited in February 2017. Aavas Financiers Limited was incorporated in 2011 and is based in Jaipur, India.

Details
Name: Aavas Financiers Limited
541988
Exchange: BSE
Founded: 2011
₹89,265,614,657
78,107,901
Website: http://www.aavas.in
Address: Aavas Financiers Limited
201-202, South End Square,
2nd Floor,
Jaipur,
Rajasthan, 302020,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI AAVAS Equity Shares National Stock Exchange of India IN INR 08. Oct 2018
BSE 541988 Equity Shares Mumbai Stock Exchange IN INR 08. Oct 2018
Number of employees
Current staff
Staff numbers
1,996
Aavas Financiers employees.
Industry
Thrifts and Mortgage Finance
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 12:58
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/01/31
Last earnings filing: 2018/09/19
Last earnings reported: 2018/06/30
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.