India Shelter Finance Corporation is an affordable housing finance company primarily providing housing loans and loans against residential properties.
A solid annual AUM growth of around 41 per cent over the last three years.
Low LTV ratio. It has maintained an average loan-to-value (LTV) of 50 per cent as of September 30, 2023.
High NPAs. It reported an average net NPA of 1.3 per cent in the last three years and a net NPA of 2.1 per cent in FY22.
The housing loan sector is highly competitive.
Is the company’s capital adequacy ratio more than 15 per cent? Yes, its capital adequacy ratio stood at 49 per cent as of September 30, 2023.