India Shelter Finance Corp. Ltd. · NSE:INDIASHLTR
India Shelter Finance — Q4 FY25 Earnings Presentation
43 slides from India Shelter Finance's earnings presentation, May 9, 2025
Slide 1: Stock exchange filing cover letter
May 09, 2025 To, To, BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Exchange Plaza, C-1, Block G, Bandra Kurla Mumbai- 400001 Complex, Bandra (E), Scrip Code: 544044 Mumbai – 400051 NSE Symbol: INDIASHLTR Sub: Investor Presentation under Regulation 30
Slide 2: Investor Presentation Q4 & FY25
Investor Presentation Q4 & FY25 India Shelter Finance Corporation Limited
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (“Presentation”), which have been prepared by India Shelter Finance Corporation Limited (the "Company"), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe
Slide 4: FY25 Snapshot
FY25 Snapshot AUM Employees Spread Gross Stage 3 ROA Rs. Crore 8,189 35% YoY 3,818 6.2% 1.0% 5.6% Disbursement States Secured Book Net Stage 3 ROE Rs. Crore 3,355 27% YoY 15 100% 0.8% 15.1% PAT Branches Average Ticket Size2 PCR3 CRAR | Leverage Rs. Crore Rs. Lakhs 378 53% YoY 266 +43 Branches YoY 10
Slide 5: Key Highlights & Executive Summary – Q4FY25
Key Highlights & Executive Summary – Q4FY25 Business • Delivered AUM growth of 35% YoY to Rs. 8,189 Cr Metrics & • Portfolio LTV maintained at 52%, ATS continues to be at Rs. 10 Lacs AUM ROA Expansion • Geographic presence stood at 266 locations as of 31st March’25 Rs. Crore 7% QoQ • Continues to ma
Slide 6: About the Company
About the Company India Shelter Finance Corporation Limited 5
Slide 7: Who we are
Who we are What we do Deep Vintage India Shelter provides affordable home Founded in 2010, India Shelter has a 15-year loans and loan against property in Tier 2 and 3 geographies in India for last 15 years vintage that results in deep understanding of the segment Focus on Underserved Focus Segment P
Slide 8: Growth Journey
Growth Journey AUM (Rs. Crores) 38% CAGR Quarterly PAT (FY19-FY25) Crossed 200+ crosses Branches Rs. 100 Crs IND RA: Crossed Upgraded 260+ to AA- (Stable) Branches Annual PAT crosses CARE: Listed on 8,189 BSE, NSE Rs. 100 crs Upgraded to A+ (Positive) ICRA: Acquires Upgraded 6,084 Presence in majori
Slide 9: Key Success Factors
Key Success Factors Curated In-house Processes Enabling Robust Asset Quality across Cycles 4 5 Extensive, Diversified, Phygital 3 Professional Management Guided by Distribution having Pan India presence Board Comprising of Industry Veterans Technology Driven Company with Scalable Model 2 6 Strong Fo
Slide 10: Experienced Board with Industry Veterans
Experienced Board with Industry Veterans Chairman Independent Directors Parveen Gupta Rachna Dikshit Savita Mahajan Ex-MD SBI Ex-Regional Ex-Dean ISB Director RBI Sudhin Choksey Ex-MD Gruh Finance 35+ yrs of BFSI experience Rupinder Singh Sumir Chadha Thomson Thomas MD & CEO Nominee Director Ex-CIO
Slide 11: Professionally Managed Company
Professionally Managed Company Experienced Management Team with Strong Alignment of Interest with 9% ESOP Pool Rupinder Singh Ashish Gupta Sharad Pareek Nilay MD & CEO CFO CRO CHRO 22+ yrs of experience 20+ yrs of experience 24+ yrs of experience 24+ yrs of experience Nitin Goel Rohit Gaur Aman Sain
Slide 12: Shareholding Pattern
Shareholding Pattern Key Institutional Investors Investor % Holding 2.1% WestBridge WestBridge Capital^ 46.5% 6.9% Nexus Venture Partners^ 15.2% 8.9% DII SBI Life 4.1% Goldman Sachs India Equity# 2.7% Nexus Axis Mutual Fund* 2.5% Quant Mutual Fund* 2.0% 46.5% 15.2% Madison^ 1.9% Publics & others Fra
Slide 13: Business Update
Business Update India Shelter Finance Corporation Limited 12
Slide 14: Industry Dynamics
Industry Dynamics Housing Credit Income Profile Avg. Ticket Size Value of Units LTV Aggregate Loan Segment Shortage Penetration (Rs. Lakh) (Rs. mn) (Rs. tn) (%) Demand (Rs. tn) (mn units) (%) EWS Up to 3 45 0.75 34 40% 40% 5 LIG 3 to 6 50 2.0 100 50% 80% 40 MIG & Above 6 and above 5 8.0 40 65% 85% 2
Slide 15: Robust Growth With Profitability
Robust Growth With Profitability Disbursement (Rs. Crores) AUM (Rs. Crores) PAT (Rs. Crores) 35% YoY 53% 7% YoY QoQ 27% YoY 378 8,189 3,355 7,619 2,646 6,084 248 39% 25% YoY YoY 12% 6% QoQ QoQ 933 108 879 96 747 78 63 38 85 146 229 Q4FY24 Q3FY25 Q4FY25 FY24 FY25 Q4FY24 Q3FY25 Q4FY25 Q4FY24 Q3FY25 Q4
Slide 16: Asset Quality Metrics
Asset Quality Metrics Stage 3/ GNPA (%) Net Stage 3/ NNPA (%) 0.9% 0.9% 0.9% 0.7% 0.8% 1.2% 1.2% 1.1% 1.0% 1.0% Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 30+ DPD (%) Collection Efficiency (%) 3.5% 3.6% 3.7% 101% 3.1% 100% 99% 99% 2.4% 98% Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY2
Slide 17: Cost of Funds Trending down
Cost of Funds Trending down India Shelter Cost of Funds (%) Yield, Cost of Funds & Spread (%) 14.9% 14.9% 14.9% 8.7% 8.8% 8.7% 8.4% 8.8% 8.8% 8.7% 2.0% 1.3% 0.8% 0.5% 6.1% 6.1% 6.2% FY22 FY23 FY24 FY25 March'24 Dec'24 March'25 ISFC SBI 3M MCLR Spread Spread Yield CoB 16 Yield on AUM | Yield and COF
Slide 18: Extensive Pan-India Distribution Network
Extensive Pan-India Distribution Network Geographically Diversified with Contiguous Scope for Operating Leverage Expansion (Vintage-wise AUM/ branch, March’25) No of AUM AUM /Branch AUM /Branch Branch Vintage Branches (Rs. Crs) Q4FY25 FY21 Up to 1 year 43 352 8 1 1 to 3 years 95 2,075 22 14 More tha
Slide 19: Customer & Portfolio Demographics
Customer & Portfolio Demographics >20 to 25L >25L ≤5L Salaried Tier - 1 7% 5% 7% Loan against Property 25% 9% March 2025 43% Tier - 3 >15 to 20L AUM Profile 56% City 12% ATS1 Home Mix Mix Tier Rs. 10 Loans Lacs 57% Tier - 2 >5 to 10L Self Employed 35% 42% On >10 to 15L Book 75% 27% HL 67% >20 to 25L
Slide 20: Tech, Credit & Risk
Tech, Credit & Risk India Shelter Finance Corporation Limited 19
Slide 21: Robust Underwriting and Risk Management
Robust Underwriting and Risk Management In-house BRE for analyzing 100+ fields for customer and collateral evaluation Customer Assessment Collateral Evaluation Controls in Place ✓ Background and Business Collateral Valuation Risk Management Vintage Process ✓ Neighbor & Reference Check ✓ Identificati
Slide 22: Technology Driven with Scalable Operating Model
Technology Driven with Scalable Operating Model Strong Tech Architecture across Processes Multiple Digital Assets Digital Loan Approval Cloud Based Platform and Paperless Approach Extensive database with 100+ data points on customer and collateral Customer 360 view Data Capture profiles to enable ro
Slide 23: Digital Adoption Progress
Digital Adoption Progress % of Customers registered % of Service Requests on the app raised on the app 70% 70% 78% 80% 100% 56% E-Nach Mandates 65% Q4FY24 Q3FY25 Q4FY25 Q4FY24 Q3FY25 Q4FY25 % of Digital Collections % of Account Aggregator (AA) penetration 96% 40% 95% 33% 38% 99% E-Signing 93% Q4FY24
Slide 24: Separate Hierarchy Of Key Functions
Separate Hierarchy Of Key Functions Sales, Underwriting & Collections Independent of each function Customer Ops & Cust. Collection & Credit Legal Technical Acquisition Service Recovery Loan Officers Credit Manager Branch Service Tech. Manager Collection Manager Branch Manager Branch Manager Area Sal
Slide 25: Financials
Financials India Shelter Finance Corporation Limited 24
Slide 26: Strong Liability Franchise
Strong Liability Franchise Diversified Funding Profile and Strong Lending Relationships Lender Base 7 years Borrowing Mix (Q4FY25), % Avg. Tenure of Borrowings 32 Lender Relationships ECB 4% NCD Key Lenders PTC 1% Institution 6% Financial NHB Term 15% Private Loans by Banks Banks & FI 54% DA 20% Pub
Slide 27: Strong Balance Sheet
Strong Balance Sheet Consistent Rating Upgrades Strong ALM Surplus Outflow Inflow Cumulative ALM Profile, March’25 Rs. Crs 2024 AA- (Stable) 287 494 <3 months 781 2023 A+ (Positive) 563 503 <6 months 1,066 2022 A+ (Stable) 1,151 457 <1 Year 1,607 2019 A (Stable) 3,074 209 <3 Year 3,282 2018 A- (Posi
Slide 28: Comfortable Liquidity Position
Comfortable Liquidity Position Particulars (₹ Cr) As on March’25 Total Available Cash & Cash Equivalents1 5881 Liquidity of Un-availed Sanctions from Banks/FI 892 INR 1,480 Cr Total Liquidity Position 1,480 Particulars (Rs. Cr.) Q1FY26 Q2FY26 Q3FY26 Q4FY26 Opening Liquidity 1,480 1,587 1,579 1,608 A
Slide 29: Profit & Loss Statement - Quarterly
Profit & Loss Statement - Quarterly Particulars (Rs. Cr.) Q4FY25 Q4FY24 YoY Q3FY25 QoQ Interest Income1 270.0 207.3 30% 243.6 11% Net Gain on Direct Assignments 18.8 17.0 11% 27.2 -31% Other Income 38.6 20.1 92% 33.6 15% Total Income 327.4 244.4 34% 304.4 8% Finance Cost 101.3 74.2 36% 91.7 10% Net
Slide 30: Profit & Loss Statement – Annual
Profit & Loss Statement – Annual Particulars (Rs. Cr.) FY25 FY24 YoY FY23 FY22 FY21 Interest Income1 953.0 712.7 34% 509.0 378.2 277.5 Net Gain on Direct Assignments 98.1 79.1 24% 43.9 49.7 29.2 Other Income 124.8 69.5 80% 53.3 31.9 16.1 Total Income 1,175.9 861.4 37% 606.2 459.8 322.8 Finance Cost
Slide 31: Balance Sheet
Balance Sheet Particulars (Rs. Cr.) March-25 March-24 Sources of Funds Share Capital 53.9 53.5 Reserves & Surplus 2,654.8 2,245.1 Borrowings 4,969.1 3,415.1 Other liabilities & provisions 69.7 80.4 Total 7,747.5 5,794.2 Application of Funds Loan Assets 6,859.5 5,062.4 Investments 315.3 157.8 Fixed A
Slide 32: ECL Provisions Summary
ECL Provisions Summary Particulars March-25 Dec-24 March-24 Gross Stage 3 69.4 81.1 50.1 % Portfolio in Stage 3 1.0% 1.2% 1.0% ECL Provision Stage 3 17.1 20.2 12.5 Net Stage 3 52.3 60.9 37.7 Provision Coverage Ratio (PCR) – Stage 3 24.6% 24.9% 25.0% Gross Stage 2 188.9 182.3 114.0 % Portfolio in Sta
Slide 33: ROE Tree & Key Ratios
ROE Tree & Key Ratios Particulars (Rs. Crs) Q4FY25 Q4FY24 Q3FY25 FY25 FY24 Total Revenue to Average Total Assets 17.4% 16.9% 17.6% 17.4% 17.1% Finance cost to Average Total Assets 5.4% 5.1% 5.3% 5.2% 5.7% Net Income to Average Total Assets 12.0% 11.7% 12.3% 12.1% 11.4% Operating Expenses to Average
Slide 34: Financial Snapshot – 10 years
Financial Snapshot – 10 years Particulars FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Operational Branches 31 33 47 61 64 81 86 115 130 183 223 266 States 4 5 7 8 8 12 12 15 15 15 15 15 Active Live Accounts 5,304 8,552 12,823 15,730 20,117 24,354 27,602 33,607 43,328 58,552 80,791 10
Slide 35: Key Growth Strategies
Key Growth Strategies Grow and Diversify Diversify Borrowings Leverage Technology Enhance Brand Distribution and Optimize for Scalability and Equity and Foster Network Borrowing Costs Productivity Sustainability Deepening branch Enhance credit rating Enhance lead sourcing Increase concentration pene
Slide 36: ESG
ESG India Shelter Finance Corporation Limited 35
Slide 37: ESG Policy and Rating
ESG Policy and Rating ESG Score Serving the underserved & unserved segment leading to financial inclusion: 72% 91% EWS & LIG Tier II & III 75% 99% Self Employed Women Borrowers 36
Slide 38: Focus on Social & Human Capital
Focus on Social & Human Capital Social Capital India Shelter Nakshatra: Our Educational Initiative • Akshaya Patra Foundation (to ensure a nutritious meal for the underprivileged students) • Samarthanam Trust for the Disabled (To enhance Government schools in for underprivileged students) India Shel
Slide 39: Strong Governance Structure
Strong Governance Structure Strong corporate governance framework in place for effective risk management Board Level Committees - 7 Board of Directors Risk Nomination & Stakeholder Willful Defaulter Audit IT Strategy CSR & ESG Management Remuneration Relationship Review Committee Committee Committee
Slide 40: Awards & Accolades
Awards & Accolades BEST CUSTOMER EXPERIENCE JAN GRIHA CERTIFICATION INDIA'S BEST SOLUTION OF THE YEAR TOP 50 INDIA'S BEST GREAT PLACE TO WORK WORKPLACES IN NBFC BY ON AT THE BW WORKPLACES IN BFSI 2024 CERTIFIED GPTW INDIA FINTECH AWARDS 2024 GREEN HOME INITIATIVES 39
Slide 41: Glossary
Glossary Terms Explanation AUM represents the aggregate of future principal outstanding and overdue principal outstanding, if any, for all loan assets under management which includes (i) loan assets held by us as of the last day of the relevant period/year (ii) loan assets which have been transferre
Slide 42: Glossary
Glossary Abbreviation Expansion Abbreviation Expansion ALM Asset liability management HL Home loan ATS Average Ticket Size IPO Initial Public Offer AUM Assets under management LAP Loan against property BPS Basis Points LCR Liquidity Coverage Ratio BRE Business rule engine LIG Low-income group CAGR C
Slide 43: Thank You
Thank You For further information, please contact: Rahul Rajagopalan Head – Investor Relations investorrelations@indiashelter.in
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