āagman

AAVAS Financiers Ltd

NSE: AAVAS
₹1,180.80
+₹13.80 (+1.18%)
NSE · 21 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹9,477 Cr
CMP
₹1,180.80
52-wk High / Low
₹1,772 / 1,060
P/E
13.8
P/B
1.9
Book Value
₹637.0
Div Yield
0.00%
ROCE
9.9%
ROE
14.0%
Face Value
₹10
D/E
3.11

Price−25.6% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 19 quarters of filings. Not reported by the company.
As of 21 Oct 2026
How we compute these
Piotroski F-Score
3
/ 9
3 of 9 F-score tests passed
Graham Number
₹1,115
√(22.5 × EPS × book value per share)
Cash flow to profit
−2.12
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Sustainable growth
14.0%
ROE × earnings retention ratio
ROE stability
0.2
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −1.08DII +0.25
Latest quarter vs the previous one
Cash-accrual divergence
10.2%
of assets
Low = accruals track cash flow
Strengths
+PE of 13.8x is below the sector median of 19.8x
Watch-outs
−Borrowings are up 984.0% since FY2016 (1447 to 15686)
−Price trades below its 200-day moving average (0.9x)
−Price is 33.4% below its 52-week high
−Piotroski F-Score of 3/9 is in the weak band (≤3)
−Balance-sheet accruals of 10.2% of average assets — earnings are not cash-backed

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Standalone basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales467497508546542579597636628667674715709
Expenses132130134139138133142170168170170199185
Operating Profit—————————————
OPM %—————————————
Other Income0111011100000
Interest187204217222235249259265271276274273293
Depreciation789999910911111211
Profit before tax141157150177161190188193179211219231220
Net Profit110122117143126148146154139164170182171
EPS (₹)13.8715.3814.7418.0215.9318.6918.5019.4217.5920.7121.4822.9121.60

Profit & Loss

As of 30 Jun 2026
Standalone · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1041913054947109021,1031,3041,6082,0182,3552,6832,765
Expenses214372161188225273349441535582706724
Operating Profit—————————————
OPM %—————————————
Other Income0001112123411
Interest53971431932553564584785918281,0071,0951,116
Depreciation1136102021242933364345
Profit before tax295088134258302353455549624733840881
Net Profit19335793176249290357430491574655687
EPS (₹)5.097.509.8213.4622.5231.8136.8845.2054.4062.0072.5382.6086.70

Balance Sheet

As of 30 Jun 2026
Standalone · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital333858697878787979797979—
Reserves691655081,1211,7592,0202,3232,7303,1913,6944,2824,972—
Other Liabilities47609195137177181200254334339476—
Total Liabilities8521,7112,4514,0405,6277,6578,96011,02013,41116,51918,61821,212—
Fixed Assets5610182360586678116134169—
CWIP000001022011109—
Investments001444468123182230271—
Other Assets8471,7052,4404,0175,5997,5928,89710,88513,18916,21018,24420,764—
Total Assets8521,7112,4514,0405,6277,6578,96011,02013,41116,51918,61821,212—
Borrowing7041,4471,7932,7553,6535,3826,3788,0129,88712,41213,91815,686—

Cash Flows

As of 31 Mar 2026
Standalone · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity—−591−591−933−1,276−1,172−1,071−1,136−1,920−2,001−1,660−1,386
Cash from Investing Activity—−1−15−218−327−342−265−467196−646176−117
Cash from Financing Activity—8166401,2401,4041,7051,0081,6231,8582,4911,4751,720
Net Cash Flow—2243490−199191−32820134−156−9217

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %———————————9.9
ROE %24.021.015.011.012.013.013.014.014.014.014.014.0
EPS (₹)5.097.509.8213.4622.5231.8136.8845.2054.4062.0072.5386.70
Book Value (₹)———————————637.0
Face Value (₹)———————————10
P/E———————————13.8
Div Yield %———————————0.00
NPM %18.317.318.718.824.827.626.227.426.724.324.324.4
OPM %————————————
D/E6.907.133.172.321.992.572.662.853.023.293.193.11
P/B———————————1.9

Growth

As of 18 Oct 2026
Compounded sales growth
10 years+30.0%
5 years+19.0%
3 years+19.0%
TTM+13.0%
Compounded profit growth
10 years+35.0%
5 years+18.0%
3 years+15.0%
TTM+17.0%
Stock price CAGR
5 years−16.0%
3 years−10.0%
Last year−26.0%
Return on equity
10 years14.0%
5 years14.0%
3 years14.0%
Last year14.0%

Shareholding pattern

As of 30 Sep 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters58.29%58.29%39.10%26.47%26.47%26.47%26.47%26.47%48.96%48.96%48.95%48.88%48.88%48.88%
FIIs13.13%13.13%32.32%34.80%35.88%35.50%33.97%29.67%29.77%25.88%24.72%16.74%16.28%15.20%
DIIs18.71%18.71%15.29%23.99%24.39%25.55%25.69%10.75%11.52%14.13%14.30%22.14%22.15%22.40%
Government——————————————
Public9.86%9.86%13.29%14.76%13.26%12.49%13.87%33.11%9.75%11.02%12.04%12.24%12.69%13.53%
No. of shareholders12,22712,2271,32,6441,51,6801,44,3951,44,4521,47,8941,32,7921,21,8621,22,0521,20,6951,17,9801,13,4981,08,686
Change since Jun 2023 (pp)
Promoters −9.41FIIs +2.07DIIs +3.69Public +3.67

Documents

As of 18 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationBoard Meeting Intimation for Intimation Of Board Meeting Under Regulation 29 And 50 Of SEBI LODR RegulationsAnnouncement under Regulation 30 (LODR)-Allotment of ESOP / ESPSCompliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-Newspaper Publication
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Jul 2026TranscriptJul 2026PPTJul 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingFeb 2026TranscriptFeb 2026PPTNov 2025TranscriptNov 2025PPTAug 2025TranscriptAug 2025PPTAug 2025Recording

Corporate actions

Fundamentals from a third-party compiler of exchange filings; prices from the exchanges.© 2026 āagman