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AAVAS Financiers Ltd1306.15 -7.90 (-0.60%)

  • BSE: 541988
  • |
  • NSE: AAVAS
  • |
  • ISIN NO: INE216P01012
  • |
  • INDUSTRY: Housing Finance
Profile

AAVAS

AAVAS

It was being incorporated as ‘Au Housing Finance Private Limited’ as on February 23, 2011, as a private limited company under the 1956 Companies Act, with a certificate of incorporation granted by the RoC. According to a special resolution passed by the shareholders on January 10, 2013, it was also converted into a public limited company, and then its name was changed to ‘AU Housing Finance Limited.’ Moreover, the RoC certified the change of name upon conversion ... to a public limited company as of January 11, 2013. After that, according to a special resolution passed by the shareholders on February 23, 2017, the company name was changed to ‘Aavas Financiers Limited’ and, also a fresh certificate of incorporation as of March 29, 2017, was issued by the RoC. Also, in terms of a certificate of registration as of August 4, 2011, issued by the NHB, bearing serial number 08.0095.11, it was being registered as a ‘housing finance institution without accepting public deposits.’ Moreover, upon the name change to ‘Aavas Financiers Limited,’ the NHB also issued a certificate of registration as of April 19, 2017, to the Company, with the serial number 04.0151.17. According to a certificate of registration dated December 8, 2017, issued to the Company by the IRDAI, we have been authorized to act as a corporate agent (composite) under the Insurance Act and the Corporate Agents Regulation, 2015.

Some of the Milestones:

  • 2011:
  • The incorporation of the company as Au Housing Finance Private Limited.
  • It was registered with NHB as a ‘housing finance institution without accepting public deposits.’
  • 2012: It also received its first rating “BBB+/Stable” from CRISIL for long term bank facilities of INR 1,000 million.
  • 2013:
  • Also, it was converted into a public limited company, and its name was changed to AU Housing Finance Limited.
  • It also received its first refinancing assistance from NHB.
  • 2014: It also issued its first tranche of non-convertible debentures (or “NCDs”).
  • 2015:
  • It entered into its first pool buyout transaction in the housing loan priority sector.
  • Also, according to a notification dated December 18, 2015, issued by the Central Government, it was identified as a ‘financial institution’ under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.
  • 2016:
  • It received an investment from Lake District, Kedaara AIF-1, Master Fund and ESCL (defined starting now).
  • It was also assigned “[ICRA] A with a stable outlook’ from ICRA for long term facilities of INR 5,000 million.
  • It received its first subsidy from NHB under ‘CLSS-PMAY.’
  • 2017:
  • The company name was changed to Aavas Financiers Limited.
  • It was assigned “Care A+; Stable” from CARE for the long term bank facilities of INR 3,850 million and long term subordinated debt of INR 500 million.
  • Also, the NHB issued consequent to the name change of the Company, a fresh certificate of registration.
  • It entered into the first ‘pass-through certificate’ (or “PTC”) transaction, along with IDBI Trusteeship Services Limited.
  • 2018:
  • The up-gradation of its CARE rating to “Care A+; Positive” for the long term facilities of INR 10,120 million and long term subordinated debt of about INR 1,000 million.
  • Also, an assignment of its ICRA rating to “[ICRA]A+/ Positive” for the bank limits of INR 12,400 million and NCDs of INR 3,500 million; and also "[ICRA] A1+” for the commercial paper of INR 500 million.
Some of the Achievements:
  • 2016: It received the ASSOCHAM Excellence Award for being the “Best Housing Finance Company” in the affordable housing sector.
Some of the Certifications: Also, the management system for customer complaint handling of the company was being certified to comply with the ISO 10002:2014 standard for customer satisfaction and complaint handling process according to a certificate of registration (or CCH 04 00002) dated June 13, 2018. Also, the certificate is valid until June 12, 2021. The company management system has been certified to comply with ISO 9001:2015 standard for the provision of lending process; e disbursements as well as client servicing including redressal mechanism according to a certificate of registration (or QM 04 00469) dated June 13, 2018. Also, this certificate is valid until June 12, 2021.

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Key Data
  • Market cap 10519.00 CR.
  • Book value 267.85
  • Stock P/E 41
  • Dividend Yield 0.00%
  • ROCE 10.86%
  • ROE 11.62%
  • Sales Growth (3Y) 54.94%
  • Face Value (3Y) 10.00
Trend Analysis
  • Short Term Trend :
    Up
  • Medium Term Trend :
    Not Clear
  • Long Term Trend :
    Not Clear

Are you friends with trend?

There is a saying in stock market, "Trend is your best friend"

It means, a good trader doesn't place his money against the trend. Many new traders lose money because they are trying to catch trend reversals but seasoned traders wait for a clear trend to emerge before taking the trade in the direction of trend.

Day Technicals

What is Opening Range Breakout?

An opening range breakout is breaking out of the day's range after a stock has moved for some time in a sideways trend. In technical terms, its a breakout from the support and resistance level in an upward or downward trend.

NR7

What is NR7 trading strategy?

Narrow Range trading strategy or NR7 Trading strategy is a breakout based method which assumes that the price of security trends up or down after a brief consolidation in a narrow range.

Opening Price clues

How to use Opening Price Clues in your trades?

If the stock has same open and high after it has traded for some time, it implies there was a consistent selling pressure that didn't allow the stock to move higher from the opening price. Similarly, if the stock has same open and low price, it implies there was a consistent buying intent that kept the stock price above the opening price.

Day High Low Range
TIME LOWEST HIGHEST
10 AM 1314.00 1340.00
11 AM - -
12 PM - -
1 PM - -
2 PM - -
3 PM - -
Japanese Candlestick Patterns
Candle Pattern 1 :None
Candle Pattern 2 : None
Candle Pattern 3 :None
Candlestick Price Action
Higher High Higher Low
Pivot Points
Name S4 S3 S2 S1 Pivot Points R1 R2 R3 R4
classic 1172.15 1219.35 1266.55 1290.30 1313.75 1337.50 1360.95 1408.15 1455.35
woodie's 1219.20 1266.40 1278.20 1313.60 1325.40 1360.80 1372.60 1408.00 1455.20
fibonacci - 1266.55 1284.57 1295.72 1313.75 1331.78 1342.93 1360.95 -
camarilla 1288.09 1301.07 1305.40 1309.72 -- 1318.38 1322.70 1327.03 1340.01
Past Performance & Moving Averages
Day’s LOW HIGH RANGE SMA PERFORMANCE Nifty
10 DAY 1281.00
1380.50
1341.05 0.30 % 1.94 %
20 DAY 1155.55
1433.00
1330.18 0.69 % 4.53 %
50 DAY 940.80
1443.90
1194.50 26.75 % 19.69 %
100 DAY 849.05
2038.00
1346.10 22.15 % 28.79 %
200 DAY 849.05
2101.00
1562.10 -28.78 % -11.15 %
YTD 849.05
2101.00
1492.57 -31.74 % -11.49 %
52 Week 811.00
2101.00
1436.88 -16.67 % -6.63 %

Why are moving Averages important in technical Analysis?

An opening range breakout is breaking out of the day's range after a stock has moved for some time in a sideways trend. In technical terms, its a breakout from the support and resistance level in an upward or downward trend.

Gaps On Day Chart
Unfilled Gap Up On 2020-06-01
1031.80 ~ 1030.00 SUPPORT
Industry Growth Rate

In Last 1 Year the industry has grown by 19.11 %

In Last 5 Year the industry has grown by 9.02 %

Peer comparison

Sales

COMPANY NAME 2014 2015 2016 2017 2018 2019
AAVAS 494.00 710.00
LICHSGFIN 9339.00 10812.00 12491.00 14092.00 14876.00 17396.00
IBULHSGFIN 5890.00 7243.00 9221.00 11628.00 14952.00 17020.00
HDFC 40753.00 48316.00 53223.00 61034.00 79474.00 95694.00
DHFL 6420.00 7835.00 11465.00 10849.00 12882.00
Total 24129.00 28740.40 18660.67 18197.75 20692.50 24554.75

Financial

LAST FISCAL CURRENT GROWTH 10 YEAR CAGR
S.NO. COMPANY NAME MARKET CAP CMP BOOK VALUE EPS STOCK P/E ROE GNPA REVENUE NET PROFIT NPM REVENUE NET PROFIT REVENUE NET PROFIT
1 HOUSING DEVELOPMENT FINANCE CORP.LTD. 326124.90 1886.25 472.55 94.29 25.37 47.19 95694.00 16232.00 16.96% 20.41% 35.49% 23.41% 21.53%
2 GIC HOUSING FINANCE LTD. 35169.91 65.20 227.10
3 DEWAN HOUSING FINANCE CORPORATION LTD. 46927.31 14.90 34.38 12882.00 18.74% 33.20%
4 LIC HOUSING FINANCE LTD. 13911.36 275.70 340.38 48.20 8.40 24.10 17396.00 2434.00 13.99% 16.94% 21.22% 19.69% 16.31%
5 AAVAS Financiers Ltd 10278.46 1310.50 250.57 22.54 86.56 2.26 710.00 176.00 24.79% 43.72% 89.25%
6 Indiabulls Housing Finance Ltd 10067.69 235.50 403.49 95.71 2.89 48.13 17020.00 4091.00 24.04% 13.83% 5.03%
7 Housing and Urban Development Corporation Ltd 7276.72 36.35 59.84 5.89 6.43 0.59 5583.00 1180.00 21.14% 32.05% 16.83%
8 PNB Housing Finance Ltd 3528.41 209.75 476.13 71.15 5.96 7.14 0.48% 7679.00 1192.00 15.52% 39.90% 41.74%
9 CAN FIN HOMES LTD. 4827.23 362.25 145.48
10 CORAL INDIA FINANCE & HOUSING LTD. 7054.92 13.60 24.21
11 REPCO HOME FINANCE LTD. 811.73 128.55 266.95 37.51 8.91 3.73 1191.00 235.00 19.73% 7.39% 16.92%
Sales

What is Sales Trend ?

Sales trend is a methodology to understand sales results which helps in understanding the trends of the market over a specific period of time. Sales results are an indicative of the sales patterns followed by the customer over a time period.

Profitability

What is Profit & EPS Trend ?

EPS Trends was initially built in late 2015 when I was just getting into frontend development. Coming from a background in Rails, I was frustrated with how many decisions you had to make early on as a javascript developer.

Net Profit
EPS

What is EBITDA Margin & EBIT Margin ?

Corporate accounting is required to adhere to the standards and practices collectively referred to as the generally accepted accounting principles. EBITDA is an excellent way for corporate accountants to start compiling data, but it should not be considered an absolute result. This is due to the fact that many consider EBITDA more of a broad stroke than a definitive form of accounting practice.

EBITDA Margin
EBIT Margin
NPM
Cash Flow

Why is the Cash Flow Analysis important?

A business needs cash to pay its expenses, to pay bank loans, to pay taxes and to purchase new assets. A cash flow report determines whether a business has enough cash to do exactly this.

Operating Activities
Financing Activities
Investing Activities
Financial Health

What Is Financial Health?

Financial health is a term used to describe the state of one's personal monetary affairs. There are many dimensions to financial health, including the amount of savings you have, how much you’re putting away for retirement, and how much of your income you are spending on fixed or non-discretionary expenses.

Debt to Equity
Piotroski Score
  • 0
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9

What Is the Piotroski Score?

The Piotroski score is a discrete score between 0-9 that reflects nine criteria used to determine the strength of a firm's financial position.

Altman Z Score (Mfg Company)
  • Distress (< 1.81)
  • Caution (>1.81 < 2.99)
  • 7.63
    Safe (3 & above)
Altman Z Score (Non-Mfg Company)
  • Distress ( < 1.23)
  • Caution (>1.23 < 2.6)
  • 26.29
    Safe (2.6 & above)
Valuation

What Is Valuation?

Valuation is the analytical process of determining the current (or projected) worth of an asset or a company. There are many techniques used for doing a valuation. An analyst placing a value on a company looks at the business's management, the composition of its capital structure, the prospect of future earnings, and the market value of its assets, among other metrics.

What is the significance of Rollover data?

Rollover in an important data point and should be analyzed in the expiry week. Rollover involves carry forwarding of ‘futures’ positions from one series (which is nearing expiry date) to the next one.

Rollover percentage actually indicates whether the traders are willing to carry forward their existing. positions (long or short) to the next series or not. Generally, the rollover figures alone will not indicate which direction traders are betting on. You should also check whether absolute open interest is increasing or decreasing over expiries

What is Options Max Pain Theory?

Options Max Pain Theory suggests,

“On option expiration day, the underlying stock price often moves toward a point that brings maximum loss to option buyers.”

Ratio Analysis

The Bank was incorporated in the year 2004 by Rana Kapoor and Late Ashok Kapur, which is a new age private sector bank. And since the inception of the bank has fructified into a “Full-Service Commercial Bank,” it has steadily built Corporate and Institutional Banking, Financial Markets, Investment Banking, Corporate Finance, Branch Banking, Business and Transaction Banking, and Wealth Management business lines across the whole country.

It is well-equipped to offer a spectrum of products and services to all the corporate and retail customers.

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Bulk Deals
Symbol Name Deal Date Client Name Transcation Type Quantity Price
AAVAS 2020-02-07 LAKE DISTRICT HOLDINGS LIMITED S 3660700.00 1819.47
AAVAS 2020-02-07 SMALLCAP WORLD FUND INC P 1534000.00 1818.00
AAVAS 2020-02-07 KOTAK FUNDSINDIA MIDCAP FUND P 887082.00 1818.00
AAVAS 2020-02-07 AMERICAN FUNDS INSURANCE SERIES GLOBAL SMALL CAPITALIZATION FUND P 402000.00 1818.00
AAVAS 2019-06-07 AU SMALL FINANCE BANK LIMITED S 585000.00 1380.29
AAVAS 2019-03-01 AMUNDI FUNDS SBI FM EQUITY INDIA S 447963.00 1070.10
AAVAS 2019-03-01 MATTHEWS INTERNATIONAL FUNDS A/C MATTHEWS INDIA FUND P 404915.00 1070.10
Block Deals
Symbol Name Deal Date Client Name Transcation Type Quantity Price
Dividend history
Ex Date Amount
Bonus Data
Company Name Split Date From Value To Value
Split Data
Company Name Split Date From Value To Value