India Shelter Finance Corporation Ltd
NSE:INDIASHLTR
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India Shelter Finance Corporation Ltd
India Shelter Finance Corporation Ltd is a IN-based company operating in industry. The company is headquartered in Gurgaon, Haryana. The company went IPO on 2023-12-20. India Shelter Finance Corporation Limited (ISFC) is a retail focused affordable housing finance company. The firm is engaged in providing secured retail home loans, home equity loans and loans against property to borrowers for a period of up to 20 years. ISFC provides credit for middle-income households to acquire new housing or to extend and improve their current housing. The company provides home loans for internal or external repairs to existing homes, upgradation of existing homes (including addition of rooms and floors), self-construction, plot purchase and purchase of property. ISFC also provides secured loans, disbursed with an identified property mortgaged as collateral. Its loans against property primarily include self-occupied residential properties. The company also provides credits under Pradhan Mantri Awas Yojana. Its subsidiary is India Shelter Capital Finance Limited.
India Shelter Finance Corporation Ltd is a IN-based company operating in industry. The company is headquartered in Gurgaon, Haryana. The company went IPO on 2023-12-20. India Shelter Finance Corporation Limited (ISFC) is a retail focused affordable housing finance company. The firm is engaged in providing secured retail home loans, home equity loans and loans against property to borrowers for a period of up to 20 years. ISFC provides credit for middle-income households to acquire new housing or to extend and improve their current housing. The company provides home loans for internal or external repairs to existing homes, upgradation of existing homes (including addition of rooms and floors), self-construction, plot purchase and purchase of property. ISFC also provides secured loans, disbursed with an identified property mortgaged as collateral. Its loans against property primarily include self-occupied residential properties. The company also provides credits under Pradhan Mantri Awas Yojana. Its subsidiary is India Shelter Capital Finance Limited.
Asset Growth: Gross managed assets grew 31% year-on-year to INR 10,365 crores, with disbursements up 11% YoY at INR 977 crores.
Profitability: Profit after tax for the quarter was INR 128 crores, up 33% YoY and 5% QoQ; return on equity reached 17.1%.
Asset Quality: Gross Stage 3 assets rose to 1.5% (from 1.2% last quarter), with management attributing this to proactive recognition and expecting improvement in Q4.
Cost of Funds: Average cost of funds decreased by 20 bps QoQ and 50 bps YoY to 8.3%; new borrowings are being done at 8.1%.
Spreads & Margins: Spreads remain above 6%, with disbursement yield at 14.6%. No compromise on margins despite lower lending rates for new customers.
Guidance Maintained: FY '26 and FY '27 guidance for 30% AUM growth, credit costs of 40–50 bps, gross Stage 3 ratio back toward 1.2–1.3% by March, and 40–45 new branches per year remains intact.
Digital Sourcing: Digital channel now contributes 4–5% of disbursements; target is to reach 10% in coming quarters.
