India Shelter Finance Corporation Limited (INDIASHLTR)

Financial Services · Finance · NSE · Updated 15 July 2026

₹815.2 ↓ 14.83% (1Y)

🎯 Key Takeaways

India Shelter Finance Corporation is in a stable growth phase, characterized by consistent profitability and incremental expansion in its loan portfolio. The company maintains strong operational margins and has demonstrated steady financial performance over recent quarters, supported by disciplined credit underwriting and expanding market reach.
Revenue grew 7.7% QoQ to ₹304 in Q3FY25.
⚠️ Concentration in the affordable housing segment exposes the company to sector-specific regulatory or policy shifts, such as changes in government subs

Market Cap

₹8,992

P/E Ratio

25.5

Div Yield

0.00%

Promoter

0.0%

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📖 The Story

India Shelter Finance Corporation is in a stable growth phase, characterized by consistent profitability and incremental expansion in its loan portfolio. The company maintains strong operational margins and has demonstrated steady financial performance over recent quarters, supported by disciplined credit underwriting and expanding market reach. While short-term returns have been negative over the past year, underlying fundamentals remain sound, with no signs of structural distress.

📰 What's Happening

In Q3FY25, the company reported revenue of ₹304 crores and operating profit of ₹219 crores, reflecting sequential growth from ₹283 crores and ₹205 crores in Q2FY25. Management highlighted continued momentum in retail loan disbursements, particularly in affordable housing finance, as a key growth driver. The board declared a final dividend of ₹10 per share for FY25-26, payable by August 15, 2026, contingent on shareholder compliance with tax documentation. Additionally, CARE Ratings upgraded its long-term bank facility rating from ₹2,000 crores to ₹2,500 crores, reinforcing the company's enhanced borrowing capacity and credit profile. Share issuance under ESOP increased paid-up capital marginally, though this had minimal impact on overall capital structure.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Q3FY24	Q4FY24	Q1FY25	Q2FY25	Q3FY25
Revenue	209	235	252	283	304
Operating Profit	158	177	188	205	219
OPM %	71.0%	71.5%	70.9%	72.1%	72.1%
Net Profit	62	78	84	90	96
EPS	₹6.75	₹7.28	₹7.80	₹8.40	₹8.94

The company has delivered consistent quarter-on-quarter growth in revenue and profitability, with operating margins holding steady around 71-72% over the past five quarters. Net profit rose from ₹62 crores in Q3FY24 to ₹96 crores in Q3FY25, indicating effective cost control and loan book expansion. Earnings per share grew from ₹6.75 to ₹8.94 over the same period, reflecting both profit growth and modest share issuance. Management has not flagged any margin pressure, and the stable OPM trend suggests pricing and underwriting discipline are being maintained amid competitive market conditions.

🔮 Management Outlook & What's Next

Management has expressed confidence in sustaining growth momentum, citing strong demand in the affordable housing segment and expanding customer acquisition in Tier 2 and Tier 3 markets. The board’s dividend recommendation of ₹10 per share signals commitment to shareholder returns, though payout remains contingent on tax compliance timelines. No formal long-term guidance was provided beyond operational continuity and credit quality maintenance. The upgraded credit rating from CARE is expected to support continued funding at favorable rates, enabling further portfolio expansion without straining liquidity.

Extracted from official company announcements. Not StockFin.ai's opinion.

⚖️ Peer Comparison — Finance

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
Bajaj Finance Limited	5.67 L Cr	30.9	22.4%	18.6%	1.37
Bajaj Finserv Limited	2.77 L Cr	14.4	—	13.4%	—
Shriram Finance Limited	2.21 L Cr	23.3	—	—	—
Jio Financial Services Limited	1.54 L Cr	92.1	—	—	—
Power Finance Corporation Limited	1.47 L Cr	5.0	—	—	—
Muthoot Finance Limited	1.33 L Cr	26.6	—	—	—
Cholamandalam Investment and Finance Company Limited	1.32 L Cr	31.9	—	—	—
Tata Capital Limited	1.31 L Cr	—	—	—	—
Indian Railway Finance Corporation Limited	1.29 L Cr	18.4	—	—	—
Bajaj Holdings & Investment Limited	1.15 L Cr	15.3	—	—	—

🔗 Peer Stock Analyses

BAJFINANCE BAJAJFINSV SHRIRAMFIN JIOFIN PFC

⚠️ Risk Factors

1. Concentration in the affordable housing segment exposes the company to sector-specific regulatory or policy shifts, such as changes in government subsidies or lending norms. 2. Rising competition in retail finance could pressure margins if market share gains require promotional pricing or higher loan-to-value ratios. 3. Regulatory scrutiny on dividend taxation and TDS compliance introduces operational risk for income-focused investors, particularly non-resident shareholders. 4. Credit quality erosion, though not currently flagged, remains a latent risk if macroeconomic conditions deteriorate and impair borrower repayment capacity.

📋 Recent Filings

🧠 Analyst's Read

India Shelter Finance demonstrates resilient financial performance and prudent capital management, with steady growth in profits and margins supported by disciplined lending. The recent credit rating upgrade and consistent dividend policy enhance its appeal to income and quality-conscious investors. Key near-term catalysts include dividend payment execution and sustained loan book expansion, while risks stem from sector competition and regulatory compliance timelines. Monitoring quarterly loan growth and credit metrics will be critical to assess continuity of the current trajectory.

Based on filing content and financial data. Not a recommendation.

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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-07-15.

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