India Shelter Finance
Stock Snapshot
Price Performance
Vista Outlook
View Technicals Analysis →Basis of our Recommendation
India Shelter Finance Corporation (ISFC) is navigating a complex landscape marked by operational resilience and strategic focus. Management's recent commentary highlights a commitment to achieving 25-30% AUM growth for FY27, supported by strong disbursement momentum in July. This aligns with Vista's forecast of moderated revenue growth, as ISFC adapts to a changing disbursement recognition policy. The company's focus on maintaining spreads above 6% and optimizing operational expenses through digital initiatives is expected to stabilize margins, which Vista anticipates will remain broadly stable. However, potential headwinds include geographic concentration and the risk of margin compression due to elevated borrowing costs. The affordable housing finance sector is expanding, driven by urbanization and rising income levels, which bodes well for ISFC's long-term growth. Over the next 12-24 months, key opportunities lie in geographic diversification and scaling co-lending partnerships, while watchpoints include asset quality stabilization and the impact of macroeconomic conditions on credit costs. Overall, Vista's outlook reflects a balanced view, with expected upside of approximately 41% and a target price of INR 905.82 for the next 12 months
Why We Like This Stock
- Management's confidence in achieving 25-30% AUM growth for FY27 supports Vista's revenue outlook
- Focus on maintaining spreads above 6% and optimizing operational expenses is expected to stabilize margins
- The expanding affordable housing finance sector presents significant long-term growth opportunities
Things To Watch Out For
- Geographic concentration poses risks to growth and asset quality
- Potential margin compression from elevated borrowing costs could impact profitability
- Cautious investor sentiment may affect short-term trading performance
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 829 | 1,165 | 1,528 | 1,582 | 1,974 |
| Profit Before Tax (Cr.) | 319 | 489 | 653 | 884 | 1,127 |
| PBT Margin | 38.5% | 42.0% | 4273.6% | 55.9% | 57.1% |
| Net Profit (Cr.) | 250 | 374 | 508 | 687 | 876 |
| Earnings Per Share | 23.0 | 34.4 | 46.7 | 63.2 | 80.5 |
Analyst Recommendations
| Broker | Recommendation | Target Price | Date |
|---|---|---|---|
| HDFC Securities | ► Add | 1,030 | 07-May-2026 |
| ICICI Securities | ▲ Buy | 1,125 | 12-Aug-2026 |
| IDBI Capital | ▲ Buy | 971 | 04-May-2026 |
Company Overview
Show Company Profile
India Shelter Finance Corporation Limited operates as a housing finance company in India. The company offers home, purchase and construction, and home renovation loans, as well as loans against property. It also provides secured retail home and home equity loans. The company was formerly known as Satyaprakash Housing Finance India Limited and changed its name to India Shelter Finance Corporation Limited in March 2010. India Shelter Finance Corporation Limited was incorporated in 1998 and is based in Gurugram, India.