India Shelter Finance Corp. Ltd. · NSE:INDIASHLTR
India Shelter Finance — Q4 FY26 Earnings Presentation
43 slides from India Shelter Finance's earnings presentation, May 2, 2026
Slide 1: Regulation 30 intimation to stock exchanges
May 02, 2026 To, To, BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Dalal Exchange Plaza, C-1, Block G, Bandra Kurla Street, Mumbai- 400001 Complex, Bandra (E), Mumbai – 400 051 Scrip Code: 544044 NSE Symbol: INDIASHLTR ISIN: INE922K01024 ISIN: INE922K01024 INE922K
Slide 2: Investor Presentation Q4 & FY26
Investor Presentation Q4 & FY26 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: FY26 Snapshot
FY26 Snapshot Gross AUM1 Employees Spread Gross Stage 3 ROA Rs. Crore 11,044 29% YoY 4,800 6.6% 1.2% 5.8% Disbursement States Secured Book Net Stage 3 ROE Rs. Crore 3,834 15 100% 0.9% 17.0% PAT Branches Average Ticket Size2 PCR3 CRAR | Leverage Rs. Crore Rs. Lakhs 503 33% YoY 307 +41 Branches YoY 10
Slide 5: Key Highlights & Executive Summary – Q4FY26
Key Highlights & Executive Summary – Q4FY26 • Gross AUM grew 29% YoY to Rs. 11,044 Cr Business • Portfolio LTV maintained at 52%, ATS continues at Rs. 10 Lacs Spread Metrics & Gross AUM • Added 6 new branches during the quarter, for the year added 41 branches. Geographic Expansion presence stood at
Slide 6: About the Company
About the Company Business Update Tech, Credit & Risk Financials ESG India Shelter Finance Corporation Limited India Shelter Finance Corporation Limited
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 Gross AUM (Rs. Crores) 39% Gross AUM CAGR crosses Rs. 10,000 Crs (FY20-FY26) PAT crosses Rs. 500 Crs Crossed 300+ Crossed 200+ Branches Branches Quarterly PAT 11,044 IND RA: crosses Annual PAT Upgraded Rs. 100 Crs crosses to AA- (Stable) ICRA: Rs. 100 Crs 8,535 Upgraded Listed on to A
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 Rupinder Singh Sumir Chadha Thomson Thomas MD & CEO 35+ yrs of BFSI experience Ex-CIO HDFC Life Nominee
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 2.6% WestBridge WestBridge Capital^ 46.1% Nexus Venture Partners^ 10.5% 6.7% DII Kotak Mutual Fund 7.0% SBI Life 4.2% 10.5% Publics & others Goldman Sachs India Equity# 2.6% 46.1% Axis Mutual Fund* 2.3% 12.5% Nexus Whiteoak Mutual F
Slide 13: Business Update
About the Company Business Update Tech, Credit & Risk Financials ESG India Shelter Finance Corporation Limited India Shelter Finance Corporation Limited
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 Gross AUM 29% PAT YoY (Rs. Crores) 11% (Rs. Crores) (Rs. Crores) YoY 7% 27% 6% QoQ YoY QoQ 11% 11,044 QoQ 1,040 10,365 8,535 977 138 933 124 108 Q4FY25 Q3FY26 Q4FY26 Q4FY25 Q3FY26 Q4FY26 Q4FY25 Q3FY26 Q4FY26 14
Slide 16: Asset Quality Metrics
Asset Quality Metrics Stage 3/ GNPA (%) Net Stage 3/ NNPA (%) 1.5% 1.2% 1.2% 1.2% 1.2% 1.0% 0.9% 0.9% 0.9% 0.8% Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 30+ DPD (%) Collection Efficiency (%) 4.7% 5.0% 4.5% 100% 100% 4.0% 99% 98% 98% 3.1% Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY2
Slide 17: Cost of Funds Trending down
Cost of Funds Trending down Yield, Cost of Funds & Spread (%) 15.0% 14.7% 14.9% 14.9% 14.8% 14.9% 14.9% 14.8% ▪ Disbursement yield is at 14.6% 8.7% 8.8% 8.7% 8.7% 8.4% 8.2% 8.3% 8.2% ▪ Marginal COB is at 7.9% 6.6% 6.0% 6.1% 6.2% 6.6% 6.2% 6.6% 6.6% FY22 FY23 FY24 FY25 FY26 Q4FY25 Q3FY26 Q4FY26 Sprea
Slide 18: Extensive Pan-India Distribution Network
Extensive Pan-India Distribution Network Geographically Diversified with Contiguous Scope for Operating Leverage (Vintage-wise Gross AUM/ branch, March’26) Expansion Gross AUM Gross AUM No of Gross AUM Branch Vintage /Branch /Branch Branches (Rs. Crs) Q4FY26 FY21 Up to 1 year 43 558 13 1 1 to 3 year
Slide 19: Customer & Portfolio Demographics
Customer & Portfolio Demographics >20 to 25L >25L ≤5L Salaried Loan against 24% Tier - 1 7% 6% 6% Property 9% March 2026 44% Tier - 3 >15 to 20L Product Home Profile 57% City 12% ATS1 Mix Mix Tier Rs. 10 Loans Lacs 56% Tier - 2 >5 to 10L Self Employed 34% 43% On >10 to 15L Book 76% 26% HL 68% >20 to
Slide 20: Tech, Credit & Risk
About the Company Business Update Tech, Credit & Risk Financials ESG India Shelter Finance Corporation Limited India Shelter Finance Corporation Limited
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 Customer 360 view Data Capture Extensive database with 100+ data points on customer and collateral 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 73% 72% 82% 83% 80% 70% Q4FY25 Q3FY26 Q4FY26 Q4FY25 Q3FY26 Q4FY26 % of Digital Collections % of Account Aggregator (AA) penetration 95% 95% 95% 92% 94% 79% Q4FY25 Q3FY26 Q4FY26 Q4FY25 Q3FY26 Q4FY26
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
About the Company Business Update Tech, Credit & Risk Financials ESG India Shelter Finance Corporation Limited India Shelter Finance Corporation Limited
Slide 26: Strong Liability Franchise
Strong Liability Franchise Diversified Funding Profile and Strong Lending Relationships Lender Base | Q4FY26 NCD, 2% 32 ECB, 3% Lender Relationships PTC, 5% Key Lenders Co-Lending, 6% Institution Financial SIDBI , 6% Term Loans by Banks & FI, 42% Public Banks NHB, 15% Private Banks DA, 21% 8 years A
Slide 27: Strong Balance Sheet
Strong Balance Sheet Consistent Rating Upgrades Strong ALM Surplus Outflow Inflow Cumulative ALM Profile, March’26 2024 AA- (Stable) Rs. Crs 466 407 <3 months 2023 A+ (Positive) 872 934 325 <6 months 2022 A+ (Stable) 1,258 1,616 294 <1 Year 2019 A (Stable) 1,910 3,977 79 <3 Year 2018 A- (Positive) 4
Slide 28: Comfortable Liquidity Position
Comfortable Liquidity Position Particulars (₹ Cr) As of March-26 Total Available Cash & Cash Equivalents1 6411 Liquidity of Un-availed Sanctions from Banks/FI 1,387 INR 2,028 Cr Total Liquidity Position 2,028 Particulars (Rs. Cr.) Q1FY27 Q2FY27 Q3FY27 Q4FY27 Opening Liquidity 2,028 2,110 2,164 2,215
Slide 29: Profit & Loss Statement - Quarterly
Profit & Loss Statement - Quarterly Particulars (Rs. Cr.) Q4FY26 Q4FY25 YoY Q3FY26 QoQ Interest Income1 335.7 270.0 24% 311.9 8% Net Gain on Direct Assignments 34.4 18.8 84% 41.7 -17% Non-Interest Income 38.2 38.6 -1% 36.2 6% Total Income 408.3 327.4 25% 389.8 5% Finance Cost 115.0 101.3 14% 113.3 1
Slide 30: Profit & Loss Statement – Annual
Profit & Loss Statement – Annual Particulars (Rs. Cr.) FY26 FY25 YoY FY24 FY23 FY22 Interest Income1 1,234.7 953.0 30% 712.7 509.0 378.2 Net Gain on Direct Assignments 146.4 98.1 49% 79.1 43.9 49.7 Non-Interest Income 147.5 124.8 18% 69.5 53.3 31.9 Total Income 1,528.6 1,175.9 30% 861.4 606.2 459.8
Slide 31: Balance Sheet
Balance Sheet Particulars (Rs. Cr.) March-26 March-25 Sources of Funds Share Capital 54.4 53.9 Reserves & Surplus 3,143.7 2,654.8 Borrowings 6,246.0 4,969.1 Other liabilities & provisions 170.8 69.7 Total 9,615.0 7,747.5 Application of Funds Loan Assets 8,568.5 6,859.5 Investments 395.2 315.3 Fixed
Slide 32: ECL Provisions Summary
ECL Provisions Summary Particulars March-26 Dec-25 March-25 Gross Stage 3 109.8 126.9 69.4 % Portfolio in Stage 3 1.2% 1.5% 1.0% ECL Provision Stage 3 27.9 31.5 17.1 Net Stage 3 81.87 95.4 52.3 Provision Coverage Ratio (PCR) – Stage 3 25% 25% 25% Gross Stage 2 294.3 304.6 188.9 % Portfolio in Stage
Slide 33: ROE Tree & Key Ratios
ROE Tree & Key Ratios Particulars Q4FY26 Q4FY25 Q3FY26 FY26 FY25 Net Interest Income to Average Total Asset 9.5% 9.0% 9.1% 9.1% 8.9% Non-Interest Income to Average Total Asset 1.6% 2.1% 1.7% 1.7% 1.8% DA Income to Average Total Asset 1.5% 1.0% 1.9% 1.7% 1.4% Net Interest Margin (NIM) to Average Tota
Slide 34: Financial Snapshot – Historical
Financial Snapshot – Historical Particulars FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Operational Branches 61 64 81 86 115 130 183 223 266 307 States 8 8 12 12 15 15 15 15 15 15 Active Live Accounts 15,730 20,117 24,354 27,602 33,607 43,328 58,552 80,791 109,277 138,371 Employees 523 740 1,1
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
About the Company Business Update Tech, Credit & Risk Financials ESG India Shelter Finance Corporation Limited India Shelter Finance Corporation Limited
Slide 37: ESG
ESG Disclosed Business Responsibility & Sustainability Report ESG Score along with the Annual Report for FY25 • Business Responsibility & Sustainability Report (BRSR) disclosed for FY 24-25 with Maiden Scope 1, Scope 2 and Scope 3 emission disclosure • Reduction in Total Energy Consumption Per Rupee
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 • National Skill Development Corporation - We are supporting Apprentices under the CSR program. Employee traini
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 Nomination & Risk Management Stakeholder Willful Defaulter Review Audit Committee IT Strategy Committee Remuneration CSR & ESG Committee Committee Re
Slide 40: Awards & Accolades
Awards & Accolades BEST CUSTOMER Outstanding Company Best AHF Provider at India's Best Best BFSI Campaign – EXPERIENCE NHB Award for lending INDIA'S BEST in AHF - 21st NBFC & the National Feather Workplaces In NBFC 4 Dino Mein Home SOLUTION OF THE YEAR WORKPLACES IN NBFC BY AT THE BW FinTech Awards
Slide 41: Glossary
Glossary Terms Explanation Gross AUM Gross AUM includes AUM and partners share in Co-Lending Loans Disbursements represents the aggregate of all loan amounts extended to our customers including partner’s share of loan assets originated and assigned Disbursements under co-lending arrangement in the r
Slide 42: Glossary
Glossary Abbreviation Expansion Abbreviation Expansion AI Artificial Intelligence GNPA Gross non-performing assets ALM Asset liability management HL Home loan ATS Average Ticket Size IPO Initial Public Offer Gross AUM Gross Assets under management LAP Loan against property BPS Basis Points LCR Liqui
Slide 43: Thank You
Thank You For further information, please contact: Rahul Rajagopalan Head – Investor Relations investorrelations@indiashelter.in
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