Company Overview
SRG Housing Finance Limited (Scrip Code: 534680) submitted its Investor Presentation for July 2026 pursuant to Regulation 30 of SEBI Listing Regulations. The presentation contains financial information based on audited financial results for FY ended 31 March 2026, which were previously disseminated to stock exchanges.
Business Performance Highlights
AUM Growth: The company achieved AUM of INR 750 Cr in FY26, representing 79% growth over two years from INR 420 Cr in FY24. The company has maintained a 32% CAGR in AUM growth.
Profitability: PAT reached INR 33 Cr in FY26, with diluted EPS of INR 20.69. Interest income was INR 176 Cr with finance costs of INR 78 Cr, resulting in net interest income of INR 98 Cr.
Asset Quality: Gross NPA stands at 1.64% for housing loans and 2.10% for LAP portfolio. Net NPA is 0.60% for housing loans. Stage 3 assets constitute 1.77% of gross assets with provisions of INR 15 Cr.
Operational Metrics
Customer Base: Served 25,000+ customers, focusing on underserved and new-to-credit borrowers with 79% self-employed customers.
Geographical Presence: 96 branches across 6 states and 1 UT (Rajasthan, Gujarat, Maharashtra, Madhya Pradesh, Andhra Pradesh, Karnataka, and Delhi). Largest exposure is Gujarat (39.93% of AUM) and Rajasthan (36.90% of AUM).
Loan Portfolio: 72% of AUM in housing loans (average ticket size INR 16.99L, yield 19.53%, LTV 53.51%) and 29% in LAP (average ticket size INR 10.69L, yield 20.97%, LTV 47.40%).
Financial Position
Balance Sheet: Total assets of INR 1,175 Cr with loans of INR 1,027 Cr and investments of INR 73 Cr. Total financial liabilities of INR 873 Cr including borrowings of INR 788 Cr and debt securities of INR 69 Cr.
Liquidity: Cash and bank balance of INR 6.8 Cr, investments in bonds/MFs/shares/FD of INR 72.9 Cr, unutilized CC/OD limit of INR 3.5 Cr, and undrawn sanctions of INR 61.5 Cr, totaling INR 144.7 Cr liquidity.
Capital Adequacy: CAR at 38.62% - nearly 2.6x regulatory minimum.
Technology and Operations
SRG SRAJAN Program: Technology-led operations including 100% online application process, automated credit decisioning, real-time customer updates, and digital loan agreements.
Collection Efficiency: 97% EMI collections through banking channels, reducing manual collection dependency.
Sourcing Model: 88% sourcing through field-based relationship managers with low DSA dependency.
Management and Governance
Leadership Team: Experienced management including MD Vinod Kumar Jain (25+ years), CFO Ashok Modi (27+ years), and CEO Archis Jain (8+ years).
Board Composition: Includes independent directors with banking and risk management expertise including former SBI Chief Manager Suresh K Porwal.
ESG Focus: 95%+ loans with women as co-borrowers, serving customers with average monthly household income of ~INR 30,000.
Growth Strategy
Expansion Plans: Deepening presence in Rajasthan and Gujarat while scaling operations in Karnataka and Andhra Pradesh. Entered four new southern markets.
Financial Targets: Management expects AUM to reach INR 1,300-1,500 Cr by FY27 supported by targeted disbursements of ~INR 600 Cr.
Funding Diversification: 36 lender relationships including PSU banks, private banks and NHB. Recent Acuité rating upgrade expected to enhance access to A-rated bond issuances.
Industry Context
The affordable housing finance market is estimated at INR 13 Tn currently, projected to reach INR 67 Tn by 2030 with 19.8% CAGR. HFCs are growing at 13.78% CAGR, outpacing banks in the affordable segment.