SRG Housing Finance Limited
NSE: SRGHFLHousing Finance CompanyASM stage 1
Share price
₹120.97
-4.45% close of 8 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 5 Oct 2026, the close above is 8 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
78
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹194 Cr
P/E ratio
5.7
P/B ratio
0.6
ROCE
11.8%
ROE
11.4%
Dividend yield
0.0%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Sales grew 30.6% over the past year, and 33.7% a year over its longer record. Meanwhile what it keeps on lending slipped from 24.1% to 22.2% over the last two years.
Whether it grew faster than its sector
It grew 33.7% a year against a sector median of 16.0% — 17.7 percentage points faster.
Room to re-rate, or risk of de-rating
At 5.7× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 12.4×, across 4 companies. It is against its own five-year median of 17.8×, the 0th percentile of its own range.
Whether growth justifies the valuation
Priced at 0.2 times its growth rate, on earnings growth of 24%.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| SRG Housing Finance Limited — this one | 24%/yr | 5.7× | ₹0.24 |
| Sammaan Capital Limited | — | — | — |
| Home First Finance Company India Limited | 33%/yr | 19.4× | ₹0.59 |
| Aptus Value Housing Finance India Limited | 23%/yr | 11.0× | ₹0.48 |
| Can Fin Homes Limited | 20%/yr | 8.6× | ₹0.43 |
| Aavas Financiers Limited | 15%/yr | 13.7× | ₹0.91 |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Housing Finance Company), it ranks 11 of 14 on returns, 2 of 14 on growth. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
No durable advantage shows in the numbers: it earns 11.4% on capital, ahead of 21% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
This question does not fit a lender: the money it lends out is its day-to-day outflow and the deposits or premiums it takes are the inflow, so a cash bridge cannot say whether its growth pays for itself. Look at the return on owners' money instead.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
Not enough filed accounts to run these checks yet.
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Announced 5 Aug 2026 · Standalone · Unaudited
Revenue
₹54 Cr
Net profit
₹8 Cr
Profit vs last year
+25.0%
Profit vs last quarter
-8.4%
Net margin
15.7%
EPS
₹5.39
Earnings call transcript · 16 Sep 2026
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹194 Cr
- Prev close
- ₹120.97
- 52w High
- ₹335
- 52w Low
- ₹119
- Enterprise value
- —
- Beta
- 0.5
- Price CAGR 1y
- -57.0%
- Price CAGR 3y
- -19.0%
- Price CAGR 5y
- -5.0%
- Price CAGR 10y
- 6.0%
Ratios
- Return on assets
- 2.7%
- PEG ratio
- 0.2
- P/E ratio
- 5.7
- P/B ratio
- 0.6
- EV / EBITDA
- —
- Industry P/E
- 13.0
- ROCE
- 11.8%
- ROCE 5y average
- —
- ROE
- 11.4%
- Debt / Equity
- 2.9
- Interest coverage
- —
- Dividend yield
- 0.0%
- ROE 3y average
- 12.0%
- ROE last year
- 12.0%
Annual P&L
- Annual revenue
- ₹200 Cr
- Annual profit
- ₹32 Cr
- Operating margin
- 23.0%
- Net profit margin
- 16.0%
- EBITDA margin
- 23.0%
- Sales growth 3y
- 28.6%
- Sales growth 5y
- 21.0%
- Profit growth 3y
- 24.0%
- Profit growth 5y
- 12.0%
- EPS
- ₹20.7
- Sales growth TTM
- 31.0%
- Profit growth TTM
- 35.0%
- Dividend payout
- 0.0%
Quarter P&L
- Sales latest quarter
- ₹54 Cr
- Profit latest quarter
- ₹8 Cr
- YoY quarterly sales growth
- 26.6%
- YoY quarterly profit growth
- 24.9%
- OPM latest quarter
- 20.7%
Balance Sheet
- Book Value
- ₹186
- Face Value
- ₹10.0
- Total debt
- ₹857 Cr
- Total cash
- ₹7 Cr
- Borrowings
- ₹857 Cr
- Reserves / Equity
- 17.6
Cash Flow
- Operating cash flow
- -₹247 Cr
- Free cash flow
- -₹249 Cr
- FCF yield
- —
- Net cash flow
- -₹13 Cr
Shareholding
- Promoter holding
- 59.0%
- FII holding
- 0.0%
- DII holding
- 0.0%
- Public holding
- 41.0%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| Bajaj Housing | 82.91 | 25.6 | 69,083 | 0.00 | 715.3 | 22.6 | 3,063.0 | 17.1 | 8.8 |
| Piramal Finance. | 2,023.30 | 106.7 | 47,877 | 0.54 | 461.0 | 66.8 | 3,368.3 | 27.6 | 6.5 |
| PNB Housing | 1,092.00 | 12.1 | 28,480 | 0.73 | 554.5 | 4.3 | 2,252.5 | 9.1 | 9.4 |
| LIC Housing Fin. | 509.00 | 4.9 | 27,998 | 1.96 | 1,499.0 | 9.9 | 7,082.6 | -1.4 | 8.6 |
| Aadhar Hsg. Fin. | 448.40 | 17.0 | 19,658 | 0.00 | 282.4 | 19.0 | 992.9 | 17.1 | 11.4 |
| Sammaan Capital | 132.48 | 15,388 | 0.00 | 243.3 | -27.2 | 1,651.9 | -31.2 | 4.9 | |
| Home First Finan | 1,125.70 | 20.3 | 11,771 | 0.46 | 159.9 | 34.5 | 538.0 | 18.6 | 11.1 |
| SRG Housing | 135.77 | 6.2 | 213 | 0.00 | 8.5 | 24.9 | 54.0 | 26.6 | 11.8 |
| Median | 478.70 | 12.1 | 11,555 | 0.64 | 252.1 | 19.8 | 850.8 | 14.2 | 9.7 |
Competes with: Aadhar Housing Finance Limited, Aptus Value Housing Finance India Limited, Bajaj Housing Finance Limited, Home First Finance Company India Limited, LIC Housing Finance Limited, PNB Housing Finance Limited, Piramal Finance Limited, Sammaan Capital Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 27 | 30 | 32 | 36 | 34 | 36 | 39 | 43 | 43 | 48 | 50 | 57 | 54 |
| Expenses | 9.53 | 10 | 11 | 14 | 12 | 12 | 15 | 17 | 17 | 19 | 19 | 22 | 19 |
| Financing Profit | 6.38 | 6.91 | 7.81 | 8.91 | 8.19 | 9.18 | 7.58 | 8.73 | 9.22 | 11 | 11 | 13 | 11 |
| Financing Margin % | 24 | 23 | 25 | 25 | 24 | 25 | 19 | 20 | 22 | 23 | 22 | 23 | 21 |
| Other Income | 0.01 | 0.98 | 0.47 | 0.41 | 0.21 | 0.78 | 1.30 | 0.74 | 0.07 | 0.64 | 0.80 | 0.10 | 0.08 |
| Interest | 11 | 13 | 13 | 14 | 14 | 15 | 17 | 17 | 17 | 18 | 20 | 23 | 24 |
| Depreciation | 1.18 | 1.31 | 1.58 | 1.71 | 1.52 | 1.62 | 1.71 | 1.79 | 1.44 | 1.51 | 1.53 | 1.43 | 1.23 |
| Profit before tax | 5.21 | 6.58 | 6.70 | 7.61 | 6.88 | 8.34 | 7.17 | 7.68 | 7.85 | 10 | 10 | 12 | 10 |
| Tax % | 16 | 20 | 21 | 20 | 15 | 21 | 20 | 19 | 14 | 20 | 21 | 20 | 15 |
| Net Profit | 4.39 | 5.26 | 5.32 | 6.09 | 5.86 | 6.60 | 5.74 | 6.19 | 6.78 | 8.25 | 8.21 | 9.25 | 8.47 |
| EPS in Rs | 3.38 | 4.05 | 4.09 | 4.58 | 4.34 | 4.62 | 4.01 | 3.95 | 4.32 | 5.26 | 5.23 | 5.89 | 5.39 |
| Gross NPA % | 2.47 | 2.40 | 2.37 | 2.29 | 2.19 | 1.96 | 1.98 | 1.84 | 1.85 | 1.88 | 1.83 | 1.77 | 1.73 |
| Net NPA % | 0.49 | 0.56 | 0.62 | 0.69 | 0.67 | 0.59 | 0.61 | 0.61 | 0.62 | 0.64 | 0.68 | 0.65 | 0.63 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7 | 10 | 15 | 34 | 58 | 73 | 77 | 80 | 94 | 127 | 155 | 200 | 209 |
| Expenses | 2 | 3 | 4 | 11 | 15 | 18 | 20 | 22 | 32 | 44 | 56 | 76 | 78 |
| Financing Profit | 2 | 3 | 4 | 11 | 20 | 25 | 26 | 28 | 24 | 32 | 37 | 46 | 46 |
| Financing Margin % | 34 | 28 | 30 | 34 | 34 | 34 | 34 | 34 | 26 | 25 | 24 | 23 | 22 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
| Interest | 2 | 4 | 6 | 11 | 23 | 30 | 31 | 31 | 37 | 51 | 62 | 78 | 85 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 2 | 2 | 2 | 3 | 6 | 6.65 | 5.91 | 6 |
| Profit before tax | 2 | 3 | 4 | 11 | 19 | 22 | 24 | 26 | 21 | 26 | 30 | 40 | 42 |
| Tax % | 32 | 32 | 33 | 27 | 25 | 20 | 21 | 20 | 19 | 19 | 19 | 19 | |
| Net Profit | 2 | 2 | 3 | 8 | 15 | 18 | 19 | 20 | 17 | 21 | 24 | 32 | 34 |
| EPS in Rs | 1.36 | 1.65 | 2.08 | 6.22 | 11 | 14 | 14 | 16 | 13 | 16 | 16 | 21 | 22 |
| Dividend Payout % | 18 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- 35%
- 5 years
- 21%
- 3 years
- 29%
- TTM
- 31%
Compounded profit growth
- 10 years
- 33%
- 5 years
- 12%
- 3 years
- 24%
- TTM
- 35%
Stock price CAGR
- 10 years
- 6%
- 5 years
- -5%
- 3 years
- -19%
- 1 year
- -57%
Return on equity
- 10 years
- 16%
- 5 years
- 13%
- 3 years
- 12%
- Last year
- 12%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11 | 11 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 16 | 16 |
| Reserves | 3 | 5 | 21 | 29 | 44 | 62 | 81 | 101 | 120 | 146 | 248 | 281 |
| Borrowing | 25 | 41 | 75 | 167 | 255 | 246 | 286 | 287 | 357 | 491 | 584 | 857 |
| Other Liabilities | 1 | 2 | 3 | 9 | 10 | 10 | 14 | 18 | 17 | 19 | 21 | 21 |
| Total Liabilities | 41 | 59 | 112 | 218 | 322 | 331 | 393 | 418 | 508 | 670 | 869 | 1,175 |
| Fixed Assets | 0 | 1 | 1 | 1 | 2 | 4 | 3 | 7 | 24 | 27 | 24 | 20 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 5 | 1 | 0 | 0 | 0 |
| Investments | 0 | 1 | 0 | 0 | 1 | 9 | 26 | 27 | 12 | 9 | 36 | 73 |
| Other Assets | 41 | 58 | 111 | 216 | 319 | 317 | 363 | 378 | 471 | 635 | 809 | 1,082 |
| Total Assets | 41 | 59 | 112 | 218 | 322 | 331 | 393 | 418 | 508 | 670 | 869 | 1,175 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -10 | -13 | -24 | -90 | -66 | 23 | -27 | 3 | -83 | -140 | -131 | -247 |
| Cash from Investing Activity | -0 | -2 | 0 | -1 | -1 | -9 | -19 | -6 | 9 | -1 | -31 | -39 |
| Cash from Financing Activity | 9 | 16 | 44 | 74 | 89 | -9 | 40 | 1 | 73 | 139 | 173 | 273 |
| Net Cash Flow | -1 | 2 | 20 | -16 | 21 | 5 | -6 | -2 | -1 | -2 | 10 | -13 |
| Free Cash Flow | -10 | -14 | -25 | -91 | -68 | 23 | -29 | -1 | -90 | -144 | -135 | -249 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 11 | 12 | 11 | 21 | 30 | 27 | 22 | 20 | 14 | 14 | 12 | 12 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
0.00flag
2026-03-31
AUM / loan book
1,076inr_cr
2026-06-30
capital adequacy (CRAR) %
39.21pct
2026-06-30
cost-to-income %
67.21
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
disbursements
67.20inr_cr
2026-06-30
gross NPA %
1.73pct
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
net NPA %
0.63pct
2026-06-30
net interest margin %
10.21pct
2026-06-30
guarantees / comfort given for promoter, promoter group, directors and KMP
0.00cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.00cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
provision coverage %
63.16
return on assets %
3.18
News
News and filings about SRG Housing Finance Limited. Open one to see why it matters.
No recent news for this company.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
Depends on the price of
- Interest Rates
Buys from
- Hubtown Limited · commercial office space
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Financial Services
- Industry
- Housing Finance Company
- Classification
- Financial Services › Housing Finance Company
- ISIN
- INE559N01010
News impact
Big market events that reach SRG Housing Finance Limited, and how the effect spreads.
11 Sept, 04:38 IST · Market event · low impact
NHB flags Rs 400 crore of SRG Housing Finance loans as potentially fictitious
The housing regulator says Rs 400 crore of SRG Housing's loans may be fake, a fraud flag that sinks the tiny lender and rattles small housing financiers.
Who it hits first
- SRG Housing faces fraud probe and funding freeze risk
- NHB scrutiny widens to small-HFC verification practices
- Larger HFCs (HUDCO, REC, PFC) face sentiment contagion only
Who may gain
- Large compliant HFCs gain share as small rivals face trust deficit
- Audit and verification agencies gain compliance mandates
Along the supply chain
Downstream
Genuine SRG borrowers face service disruption; sector borrowers see tighter verification.
Upstream
No supply-chain link — a lending-fraud event at one small HFC.
Where demand moves
Business
SRG disbursements halt pending probe; lenders review small-HFC exposure; audit intensity rises sector-wide.
Capital
Money exits small HFCs on governance fear and rotates to large housing financiers.
How it spreads across sectors
Financial Services
small-HFC trust deficit; large lenders unaffected operationally
When it plays out
Immediate
SRG stock craters on fraud headlines; small HFCs soften.
Medium term
Resolution via takeover or run-down; sector verification norms tighten.
Short term
Watch NHB orders, auditor resignations, and management response.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Splits, bonuses & buybacks
- daily-prices repair: 5 rows from NSE's archive (replace 0, delete 0, insert 5), 2023-11-12..2026-02-01 (docs/flat_day_repair.md)1× · 12 Nov 2023
- bse-history fill: 1712 BSE bars before cutoff, code 534680, seam residual 1.00181× · 21 Aug 2023
Insider trades
| Disclosed | Who | Type | Shares | Value ₹ Cr |
|---|---|---|---|---|
| 17 Sep 2026 | Vinod Kumar Jain · Promoter | BUY | 70,000 | 0.98 |
| 17 Sep 2026 | Vinod Kumar Jain · Promoter | BUY | 40,000 | 0.50 |
| 17 Sep 2026 | Archis Jain · Promoter Group | BUY | 40,000 | 0.50 |
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Earnings call16 Sep 2026
- Annual report · 2025-261 Sep 2026
- Results presentation30 Jun 2026
- Earnings call · Q4FY2612 May 2026
- Annual report · 2024-2514 Jul 2025
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.