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Aadhar Housing Finance Gets High-Conviction 'Buy' From ICICI Direct — Here's Why
Given Aadhar Housing Finance strong RoA of 4% and RoE of 18%+, while delivering credit growth of above 20%, valuations remain attractive at current level, says ICICI Direct.
11 Apr 2025, 03:55 PM IST 
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As of December 31, 2024, Aadhar operates 557 branches across 21 states and union territories.
(Photo: Yury Strukau /Source: Unsplash)
Established in 2010, Aadhar Housing Finance is the largest player in affordable housing space with AUM of Rs 23,975 crore. Diversification in terms of business mix, customer base and distribution remain core strength. Business mix remains well balanced and granular with home loans comprising ~75% of AUM, while loan-against property constitutes remaining 25%. Salaried borrowers mix comprised 56% salaried and 44% self-employed segments...
