India Shelter Finance Corporation
- Market cap
- ₹ 6,611 Cr.
- P/E
- 14x
- P/B
- 2.07x
- 52-week range
- 592.4 – 924
- ROE
- 17%
- Dividend yield
- 1.6%
- Debt / equity
- 1.95
- Sector
- Finance
- Industry
- Housing Finance Company
- Listed on
- NSE, BSE
About
India Shelter Finance Corporation Limited is an India-based retail-focused affordable housing finance company. The Company is engaged in providing secured retail home loans, home equity loans, and loans against property to borrowers. The Company provides credit for middle-income households for the purchase or construction of residential properties and for the extension and repair of existing housing units. It provides home loans for new construction, and property purchases for renovations and repairs. Its loan products include Home Loan, Loan Against Property, Home Renovation loans, and Purchase + Construction Loan. Its loans against property primarily include self-occupied residential properties. It also provides credits under Pradhan Mantri Awas Yojana. Its subsidiary is India Shelter Capital Finance Limited.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Housing Finance Company: 20 companies →India Shelter Finance Corporation against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)14 against a typical 12.9: pricier than most peers (1st = cheapest).11th of 19
- Sales growth+19.7% against a typical +8.5% from a year earlier.3rd of 18
- Profit growth+20.2% against a typical +19% from a year earlier.7th of 17
- Share price, 3 months−12.2% against a typical −13.3%.9th of 19
- Size₹ 6,610.8 Cr. market value against a typical ₹ 6,610.8 Cr. (1st = largest).10th of 19
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Look closer
Rated AA- by 3 agencies- CARE lowered its rating on 8 Jul 2026.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE AA- | Stable | 8 Jul 2026 |
| India Ratings | IND AA- | Stable | 9 Mar 2026 |
| ICRA | [ICRA]A+(SO) | [ICRA]AA-(SO) | 25 Feb 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 8 Jul 2026 | ▼ Downgrade3 notches | CARE AAA (SO) → CARE AA- | — | CARE | ₹ 2,500 Cr. | |
| 9 Mar 2026 | Reaffirmed | IND AA- | — | India Ratings | ₹ 2,000 Cr. | |
| 25 Feb 2026 | ▼ Downgrade1 notch | [ICRA]AA- → [ICRA]A+(SO) | — | ICRA | ₹ 51.96 Cr. | |
| 25 Nov 2025 | Reaffirmed | [ICRA]AA- | — | ICRA | ₹ 3,300 Cr. | |
| 24 Oct 2025 | Reaffirmed | CARE AAA (SO) | — | CARE | ₹ 87.46 Cr. |
Research by Minerva Capital Research Solutions
Our research team's work on India Shelter Finance CorporationAlso covered in
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 6 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 20 Jul 2026 | Fund Raising | Prior intimation of Asset Liability Management Committee to consider Fund Raising by way of issuance of NCDs |
| 2 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 7 Feb 2026 | Financial Results/Fund Raising | To consider and approve the financial results for the period ended December 31, 2025 and Fund Raising |
| 21 Nov 2025 | Fund Raising | To consider Fund Raising |
| 4 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | 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 | 204 | 209 | 234 | 251 | 282 | 304 | 327 | 361 | 369 | 390 | 411 | 432 |
| Interest | 72 | 74 | 75 | 77 | 85 | 92 | 102 | 106 | 110 | 114 | 115 | 121 |
| Expenses | 59 | 61 | 67 | 73 | 79 | 85 | 83 | 97 | 98 | 113 | 110 | 123 |
| Financing Profit | 73 | 74 | 93 | 101 | 119 | 127 | 142 | 158 | 161 | 163 | 186 | 188 |
| Financing Margin % | 36% | 35% | 40% | 40% | 42% | 42% | 43% | 44% | 44% | 42% | 45% | 44% |
| Other Income | 7 | 10 | 10 | 9 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Profit before tax | 77 | 81 | 99 | 108 | 117 | 124 | 139 | 155 | 158 | 160 | 182 | 185 |
| Tax % | 22% | 23% | 22% | 23% | 23% | 23% | 23% | 23% | 23% | 22% | 23% | 23% |
| Net Profit | 60 | 62 | 78 | 83 | 90 | 96 | 108 | 119 | 122 | 124 | 140 | 143 |
| EPS in Rs | 6.67 | 5.8 | 7.26 | 7.77 | 8.37 | 8.91 | 10 | 11.05 | 11.24 | 11.41 | 12.88 | 13.14 |
| Gross NPA % | — | — | — | — | — | 1.3% | 1% | 1.2% | 1.3% | 1.5% | 1.3% | 1.6% |
| Net NPA % | — | — | — | — | — | 0.9% | 0.8% | 1% | 0.9% | 1.2% | 0.9% | 1.2% |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- 37%
- 3 Years
- 38%
- TTM
- 26%
- 10 Years
- —
- 5 Years
- 42%
- 3 Years
- 48%
- TTM
- 28%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- —
- 10 Years
- —
- 5 Years
- 15%
- 3 Years
- 16%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| India Shelter Finance Corporation | ₹ 636.15 | ₹ 6,611 Cr. | 14x | 2.1x | 17% | — |
| Bajaj Finance | ₹ 927.00 | ₹ 5,77,146 Cr. | 25x | 5.8x | 18.1% | 23.7% |
| Shriram Finance | ₹ 867.00 | ₹ 2,04,004 Cr. | 13.9x | 3x | 16.4% | 20.9% |
| Jio Financial Services | ₹ 205.00 | ₹ 1,35,364 Cr. | 95.5x | 1.2x | — | 49.8% |
| Tata Capital | ₹ 307.05 | ₹ 1,30,358 Cr. | 20.5x | 3.3x | 12.3% | 16% |
| Power Finance Corporation | ₹ 316.00 | ₹ 1,04,283 Cr. | 5.4x | 1x | 20.7% | 29.1% |
Management
- Rupinder Singh
- Chief Executive Officer, Managing Director, Executive Director
- Ashish Gupta
- Chief Financial Officer
- Mukti Chaplot
- Compliance Officer, Company Secretary
Prices are delayed and for information only. Nothing on this page is investment advice.