SRG Housing Finance Limited has informed the Exchange about Investor Presentation
Date: May 02 2025 To, National Stock Exchange of India Ltd Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Mumbai-400051 Scrip Symbol- SRGHFL
To, BSE Limited 1st Floor, P.J. Towers, Dalal Street, Mumbai-400001 Scrip Code- 534680
Subject: Updated Investor Presentation – Q4FY25
Dear Sir,
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby provide the Revised Investor Presentation for the quarter and Year ended March 31, 2025.
The investor presentation is also made available on Company’s website www.srghousing.com
This is for your information and records. Please take note of the same.
Thanking You,
With Regards
For SRG Housing Finance Limited
Vinod K. Jain Managing Director DIN: 00248843
SRG HOUSING FINANCE LIMITED
INVESTOR PRESENTATION Q4 & FY25
WHO WE ARE
Expert in Rural Housing Finance, Solving the problem of Housing Loans for New-to-Credit,
Underserved & Unorganized population while simplifying access to finance for all
Best in class NIMs 2.78% in Q4FY25
Focused on small ticket loans (ATL: less than Rs 10 lacs) and low LTV (less than 50%)
Around 97% of our borrowers pay their EMIs through banking channels like NACH
Around 95% of book is rural and 75% loan to non-Salaried segment.
90
Branches
7
States
19000+
Customers
850+
Employees
BBB+ Stable Acuité BBB Stable CARE
75% Non-Salaried
32 Lenders
62% of Our customer are between 35-53 years of age
We are Catering to mature prospects with sound businesses and sufficient cash flows
Reflects consumers ability to save money to buy a plot and construct on it
51% of Our customer have studied till class XII
Basic level of education reinforces Borrowers' intent to repay the loan
Strongly reflects in our sound GNPA and NNPA numbers
More than 95% of cases have women co-borrowers
Women are begin considered for home- ownership in rural India
Reduces risk and fosters women empowerment
INVESTOR PRESENTATION
Average income of a target household is nearly Rs 30000
Indicates more than sufficient income considering lifestyle expenses
Improves business prospect and facilitates sustainable growth
2
OUR JOURNEY
1999
Incorporated as Vitalise Finlease Pvt Ltd & subsequently changed the name to SRG Housing Finance Pvt Ltd.
2018
Rating BBB in March 2018 by Brickwork
2002
1st company in Rajasthan to receive NHB license. Converted into public company
2019
Launched business process reengineering project, “SRG SRAJAN", and implementation commenced.
2012
1st company in Rajasthan to be listed on the BSE SME Platform
2022
Reached Rs 340 cr AUM by 31 Mar’22 & crossed net worth of Rs. 100 Cr
2015
2016
India's first company to migrate to the BSE Main Board. Notified by Ministry of Finance to be treated as “Financial Institution” under SARFAESI Act 2002
Sanctioned and refinanced from National Housing Bank twice in the same year. ISO 9001:2008 certified company for Quality Management System of Loan Process
2023
Rs. 438 cr AUM as on 31 Mar’23 & Expanded to 62 branches from 37 branches
2024
Listed on NSE (was already on BSE) Rs 601 cr AUM as on 31 Mar 2024.
2017
1st private placement listing in March 2017 1st private placement of NCD in August 2017
2025
Rs. 759 cr AUM as on 31 Mar’25 & Expanded to 90 branches.
INVESTOR PRESENTATION
3
EXPERIENCED BOARD
Mr. Vinod Kumar Jain Managing Director (Promoter) 25 Years + Experience
Mrs. Seema Jain Non-Executive, Non-Independent Director 21 Years + Experience
Mr. Mohit Singhvi Non-Executive, Independent Director 34 Years + Experience
Mr. Dilip Kumar Singhvi Non-Executive, Independent Director 35 Years + Experience
Mr. Suresh K Porwal Non-Executive, Independent Director 35 Years + Experience
Mr. Nishant Badala Non-Executive, Independent Director 9 Years + Experience
Mrs. Garima Soni Non-Executive, Independent Director 9 Years + Experience
INVESTOR PRESENTATION
4
Mr. Archis Jain Chief Executive Officer Young Achiever of the Year at the ABP News BFSI and Most Admired BFSI Professional in 2022. 6 Years + Experience
Mr. Ashok Modi Chief Financial Officer Prior doing practicing as CA 27 Years + Experience
STRONG MANAGEMENT (1/2)
Mr. Shubham Katta Head HR- Vice President EPSHRM from IIM calcutta Prior associated with AU small finance bank 10 Years + Experience
Mrs. Divya Kothari Company Secretary Started Career with SRGHL only. 6 Years + Experience
Mr. Vipin Saxena Chief Compliance Officer Prior associated with SBI as GM 37 Years + Experience
Mr. Suresh Mate Zonal Business Head B. Sc, Physics, MBA – MIT, Pune. Prior associated with Muthoot Group, IDBI 18 Years + Experience
INVESTOR PRESENTATION
5
STRONG MANAGEMENT (2/2)
Mr. Sanjay Vaishy National Recovery Head Advance Management Programme, Banking and Finance (IIBF) 22 years + Experience
Mr. Praphull Dwivedi Head Programme & Technology- Vice president Prior associated with Secure Meter 28 Years + Experience
Mr. Georgie Alexander National credit manager- Vice president Prior associated with Muthoot Fincorp 15 Years + Experience
Mr. Ashish Kothari DVP- Operations and Product PGDM from IIM Kozikhode Earlier associated with Many HFCs. 18 Years + Experience
Mr. Abhishek Surana DVP - Product and Communication Prior associated with leading banks & HFC. 10 Years + Experience
Mr. Ashwin Bhardwaj Lead - Risk Control Unit Prior associated with Aavas, Bajaj Auto, ICICI, Kotak Mahindra. 17 Years + Experience
INVESTOR PRESENTATION
6
WHY BORROWER PREFER SRG
Quick sanction and disbursement process (TAT of 15 days)
Prompt response and quick solutions for financial assistance
In-depth rural penetration & localized approach
Simple documentation process
Preferred partner to help fulfil dream in affordable housing
INVESTOR PRESENTATION
7
ADDRESSABLE TARGET MARKET
The Problem Definition & Need Gap Unorganized sector, New to Credit, Underserved Population, Low Banking Habits
The Solution – SRG Housing Finance Tailor made products to serve different profiles, deeper market penetration, leveraging technology for quick processing, Assessed Income evaluation, geographically difference credit and collection policy
The Target Segment
Population in Rural and Semi Urban India who are credit hungry with the following characteristics:
EWS, LIG & MIG
Class of Groups
Age group of
21 – 45 years
New to Credit/
Justified Credit
Bureau Calls
Lack of Income
Documentation
INVESTOR PRESENTATION
8
DEEPER CREDIT ADOPTION IN UN-ORGANISED SECTOR IN INDIA
Location based Unique Collateral & Credit Policy
Collection
Robust Collection Infrastructure
Screening
Continuous Portfolio Monitoring
Minimal Documentation & Fast Processing
New to Credit, Credit Score Low, Informal Income, Credit hungry segment, Low ticket size customers, Larger Addressable Customer Base
Monitoring
Disbursal
Banking Funnel
SRGHFL FUNNEL
INVESTOR PRESENTATION
9
SRG UNIQUE POSITIONING IN MARKET
Deeper Penetration In Rural Village Areas through wider Geo Limits of 50 Km from Hub and 35 Km from Spoke Branches
New to Credit Justified Credit Bureau Calls based on Merits of Profile
Unique risk management Based on Population, Segmentation, Product Mix
Consumer Targeting the untapped and underserved population in home loan segment
Location Based Collateral and Credit Policy
INVESTOR PRESENTATION
10
CUSTOMER PROFILE
Milkman
Labourer
Repair Shop owner
Trader/Whole seller
Saree Shop owner
Tea Stall owner
Teacher
INVESTOR PRESENTATION
11
Entrepreneur
Shopkeeper
Vegetable vendor
Barber
PRODUCT OFFERINGS
KEY FEATURES
Type of Loan ▪ Secured
Tenure ▪ Minimum 1 Year ▪ Maximum 15 Years
Products ▪ Home Loans ▪ Loan Against Property
Ticket Size ▪ Minimum INR 1 Lacs ▪ Maximum INR 15 Cr
Interest Rate ▪ Minimum 15% ▪ Maximum 26%
Benefits ▪ Mini documentation ▪ Quick and easy Digital Application Actual
Income Based Assessment
INVESTOR PRESENTATION
Application Process
100% Online Login by RM
15 Min Application Time to Complete
Hassle Free Process
Fast Disbursal
Risk Based Pricing 15% to 26%
Real Time Status and Approval
Real time Status
Quick Approval (<3 days approvals)
Risk Based Pricing
Geo-based Collateral
No Hidden Charges
12
KEY HIGHLIGHTS FOR Q4FY25
₹759cr.
AUM as on 31st March 2025
9.88%
Spread earned in Q4FY25
₹106cr.
Disbursement during the quarter
₹188.54
Book Value per share as on 31st March 2025
₹115cr.
₹264cr.
New Approvals during the quarter
Shareholders Funds as on 31st March 2025
INVESTOR PRESENTATION
13
QUARTERLY INCOME STATEMENT
Sr .No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22
Particulars (Rs. Crore) New Approvals Disbursements Outstanding Loan Book Interest Income Fees & Other Income Total Income Interest Expenditure Other Expenditure Total Expenditure Profit Before Tax & Provision Net Interest Income Provision For SA & NPA Profit Before Tax Provision For Taxation & DTL Profit After Tax Other Comprehensive Income (Net Of Tax) Total Comprehensive Income Earning Per Share (Rs.) Gross NPA Gross NPA Ratio(%) Net NPA Net NPA Ratio(%)
Q4FY25 115.15 106.48 759.36 36.96 6.51 43.47 16.60 18.13 34.73 8.74 20.36 1.07 7.67 1.48 6.19 (0.06) 6.13 4.43 13.98 1.84% 4.58 0.61%
Q4FY24 121.23 102.19 601.59 30.00 6.40 36.40 13.70 14.85 28.55 7.85 16.30 0.24 7.61 1.52 6.09 (0.12) 5.97 4.68 13.76 2.29% 4.11 0.69%
FY25 338.51 304.96 759.36 134.37 20.17 154.54 62.04 60.84 122.88 31.66 72.33 1.61 30.05 5.66 24.39 (0.01) 24.38 17.45 13.98 1.84% 4.58 0.61%
FY24 312.07 283.62 601.59 109.50 17.16 126.66 50.81 48.36 99.17 27.49 58.69 1.39 26.10 5.04 21.06 0.04 21.10 16.18 13.76 2.29% 4.11 0.69%
INVESTOR PRESENTATION
14
KEY PERFORMANCE INDICATOR (1/3)
New Approvals (Rs. Crore)
Disbursements (Rs. Crore)
AUM (Rs. Crore)
121.23
111.44
115.15
102.19
106.48
90.95
601.59
629.60
650.56
707.47
759.36
65.41
46.51
62.96
44.57
Q4FY24
Q1FY25
Q2FY25
Q3FY25
Q4FY25
Q4FY24
Q1FY25
Q2FY25
Q3FY25
Q4FY25
Q4FY24
Q1FY25
Q2FY25
Q3FY25
Q4FY25
Average Ticket Size (Rs. Lakhs)
Average Tenure (Years)
Average LTV (%)
7.26
6.19
8.18
10.50
10.94
7.45
6.95
7.11
9.42
8.15
46.90
45.11
43.36
41.49
41.12
Q4FY24
Q1FY25
Q2FY25
Q3FY25
Q4FY25
Q4FY24
Q1FY25
Q2FY25
Q3FY25
Q4FY25
Q4FY24
Q1FY25
Q2FY25
Q3FY25
Q4FY25
INVESTOR PRESENTATION
15
KEY PERFORMANCE INDICATOR (2/3)
Loan Book Break Up – Product Category (%)
Loan Book Break Up – Customer Profile (%)
30.16
69.84
29.51
70.49
28.90
71.10
27.98
72.02
26.94
73.06
25.15
74.85
25.52
74.48
25.83
74.17
25.23
74.77
25.50
74.50
Q4FY24
Q1FY25
Q2FY25
Q3FY25
Q4FY25
Q4FY24
Q1FY25
Q2FY25
Q3FY25
Q4FY25
Housing (%)
LAP (%)
Self Employed (%)
Salaried (%)
State Wise Loan Book (%)
Gross NPA/ Net NPA (%)
0.25
35.01 10.39
54.35
0.23
35.95 9.90
53.92
0.31
37.73
9.37
52.59
2.84
38.93
9.22
49.01
7.68
39.11
8.74
44.47
2.29
2.19
1.96
1.98
1.84
0.69
0.67
0.59
0.61
0.61
Q4FY24
Q1FY25
Q2FY25
Q3FY25
Q4FY25
Q4FY24
Q1FY25
Q2FY25
Q3FY25
Q4FY25
Rajasthan (%)
Madhya Pradesh (%)
Gujarat (%)
Others* (%)
Gross NPA (%)
Net NPA (%)
* Others include Maharashtra, Karnataka and Andhra Pradesh.
INVESTOR PRESENTATION
16
KEY PERFORMANCE INDICATOR (3/3)
Return Ratios (%)
Capital Adequacy
Cost to Income Ratio (%)
3.95%
3.57%
3.56%
2.80%
2.62%
35.18
34.99
47.23
38.98
39.41
65.42
64.98
64.80
65.40
67.47
0.94%
0.85%
0.90%
0.74%
0.75%
0.49
0.47
0.46
0.44
0.52
Q4FY24
Q1FY25
Q2FY25
Q3FY25
Q4FY25
Q4FY24
Q1FY25
Q2FY25
Q3FY25
Q4FY25
Q4FY24
Q1FY25
Q2FY25
Q3FY25
Q4FY25
Return on Average Equity (RoAE %)
Return on Average Assets (RoAA %)
Tier I
Tier II
Cost to Income Ratio (%)
INVESTOR PRESENTATION
17
CUSTOMER PROFILE (Q4FY25)
Product
Housing Loan
Occupation
LAP 26.94%
Construction 31.35%
Salaried 25.50%
Demography
Urban 5.34%
Housing 73.06%
Rural 94.66%
State
Maharashtra 5.81%
Gujarat 39.11%
Madhya Pradesh 8.74%
Repair & Renovation 68.65%
Andhra Pradesh 0.78% Karnataka 1.09%
Rajasthan 44.47%
Self Employed 74.50%
INVESTOR PRESENTATION
18
GROSS NPA DETAILS (Q4FY25)
Product Wise
Segment Wise
State Wise
*
2.58%
1.57%
1.90%
1.66%
2.45%
2.04%
1.47%
Housing
LAP
Self Employed
Salaried
Rajasthan Madhya Pradesh
Gujarat
* As of March 31, 2025, the GNPA in Maharashtra, Karnataka and Andhra Pradesh is Nil.
INVESTOR PRESENTATION
19
LIQUIDITY POSITION & FUND-RAISING OVERVIEW
Extract of Liquidity as on 31st March, 2025 Particulars Cash and Bank Balance* Investment in Bonds, Mutual Fund and Shares Unutilized CC and OD Limit Undrawn Sanction TOTAL * Cash and Bank Balance does not include FDR amounting to Rs. 15.98 crore pledged with lenders.
Funds Raised in FY25 Particulars From Lenders From Equity (including the conversion of earlier warrants) TOTAL
Amount (Rs. Crore) 15.49 35.73 3.50 0.00 54.72
Amount (Rs. Crore) 194.00 80.00 274.00
INVESTOR PRESENTATION
20
BORROWINGS
National Housing Bank
Public Sector Banks SBI, Union Bank of India, UCO Bank, Punjab National Bank, Indian Overseas Bank
Borrowing Mix (%)
FI 48%
Banks 46%
NHB 6%
Banking Relationships
Private Sector Banks DCB Bank, South Indian Bank, IDFC First Bank, Federal Bank, ESAF small finance bank, Utkarsh Small Finance Bank, HDFC Bank, Bandhan Bank, Axis Bank
NBFC Bajaj Finance Ltd, Hinduja Housing Finance, Hinduja Leyland Finance, LIC Housing, Manappuram Finance, MAS Housing Finance, MAS Rural Housing , Nabkisan , Nabsamruddhi, TATA Capital, Cholamandalam investment, HERO Housing, Sundaram Home Finance, Shriram Housing Finance, STCI Finance, Poonawalla Fincorp, Kotak Mahindra
INVESTOR PRESENTATION
21
SRG IN PAST YEARS
Despite facing 5 major external challenges such as liquidity crises, demonetization, GST, multiple waves of covid etc in the last 8 years – SRG has come out stronger, leaner and more resilient – a testament to its business model and operations.
Data in Crores ( Unless Specified) AUM
FY 2025 759.4
FY 2017 81.8
Balance Sheet Size
Net Worth
Profit Before Tax
Net Profit
Employees (No.)
Branches (No.)
Net Interest Margin (%)
Loan-To-Value (%)
Cost to Income Ratio (%)
869.2
264.0
30.1
24.4
866
90
10.6
44.3
65.8
61.6
34.0
4.0
2.7
55
19
10.6
50.0
55.3
INVESTOR PRESENTATION
22
POWERING THE DIGITAL ECOSYSTEM WITH SRG SRAJAN
Web and Mobile Application Combination
LOS (Loan Organization) ▪ Lead Generation & Management ▪ Customer Application Form ▪ Kyc & Documents Validation ▪ PD through Mobile App ▪ Credit Decisioning through Web ▪ Loan Disbursement
LMS (Loan Management) ▪ EMI Collection through auto-debit ▪ Repayment Monitoring ▪ Penal charges calculations ▪ Part-payment/Foreclosure ▪ Bank reconciliation ▪ Client servicing ▪ Digital loan agreement execution
COLLECTION (Loan Collection) ▪ DPD Bucketing ▪ Pool Allocation ▪ Field Visits Tracking ▪ Geo Location Tracking ▪ Bluetooth Printer for Receipts ▪ Foreclosure Request
Add-on Features
INVESTOR PRESENTATION
Digital KYC verification & cKYC reporting
Online Validation through APIs
MIS Reporting and Real Time Dashboards
Data Backed Early Warning Signals
23
COLLECTION FRAMEWORK
1st
Day
DPD Day 1 Overdue cases reported by Accounts Team
1-30
Days
DPD- 1 to 30 Days Soft Calling by CRM to follow up for Overdue Payments
1st 31-90 Day Days
DPD- 31 TO 90 Days On field follow-up by Collection DPD Day 1 Executive Collection Manager to Overdue cases reported Visit PNPA cases Legal Counselling for the PNPA cases by Accounts Team
Normal notice/Warning Notice issued by legal team (if required)
90+
Days
DPD- 90+ Days SARFAESI Proceedings initiation NI Act Notice u/s
138 for cheque bounce suite filed in the court of law
INVESTOR PRESENTATION
24
OUR NETWORK
Rajasthan (32) Banswara, Sagwara, Salumber, Jodhpur, Chittorgarh, Sumerpur, Bijainagar, Udaipur, Jaipur, Sirohi, Rajsamand, Pali, Kishangarh, Kota, Bhilwara, Beawar, Shahpura (Bhilwara), Shahpura (Jaipur), Begun, Jaitaran, Kekri, Gangapur (Bhilwara), Partapur, Sojat, Dhariyawad, Fatehnagar, Nimbhaera, Sabla, Dungarapur, Deoli, Asind, Mandalgarah. Madhya Pradesh (13) Mandsaur, Neemuch, Ratlam, Shamgarh, Indore, Ashta, Ujjain, Dewas, Badnawar, Alot, , Khandwa*, Sehore, Nagda. (*3 branches viz., Burhanpur, Sanawad , Khargone has been merged into Khandwa Branch).
Gujarat (22) Ahmedabad, Surat, Mehsana, Palanpur, Nadiad, Vadodara, Valsad, Bharuch, Himmatnagar, Bhavnagar, Anand, Rajkot, Jamnagar, Navsari, Junagarh, Kapadvanj, Vyara, Vapi, Gandhinagar, Botad, Morbi, Surendranagar.
Maharashtra (14) Mumbai, PCMC Pune Branch, Aurangabad, Jalgaon, Pune Cluster Office, Virar, Dhule, Kalyan, Solapur, Nasik, Amravati, Ahmednagar, Kolhapur, Satara.
Delhi (1)
Karnataka (5) Mysore, Devengere, Chitradurga, Bangalore, Kolar.
Andhra Pradesh (3) Nellore, Kurnool, Vijayawada
1 Branch
32 Branches
22 Branches
13 Branches
14 Branches
3 Branches
5 Branches
INVESTOR PRESENTATION
25
Share Holding Pattern (as on 31st March, 2025)
59.13% Promoter and Promoter Group
0.01% FPI & AIF
13.25% Bodies Corporate, HUF, NRI & LLP
27.56% Retail
0.05% IEPF
SHAREHOLDING PATTERN & RECENT FUND RAISE
Having listed on BSE in 2012, listed on NSE exchange as well on 21 Aug 2023.
Company raised Rs. 10 Crores on conversion of Share warrants in Mar 2024 and May 2024 . (5 lakhs equity shares @ Rs.200 per share)
Company raised Rs. 25.94 Crores through Preferential issue of Equity Shares in Jul 2024 (7.76 lakhs equity shares @ Rs.333 per share)
Company raised Rs. 49.93 Crores through Preferential issue of Equity Shares in Mar 2025 . (13.68 lakhs equity shares @ Rs.365 per share)
INVESTOR PRESENTATION
26
THANK YOU
Head Office SRG Housing Finance Ltd 12, SRG House, opp Paras Health Hospital, Shobhagpura, Udaipur Rajasthan 313001, India CIN No:L65922RJ1999PLC015440 Tel: +91-294-2561882 / 2412609 Email: info@srghousing.com www.srghousing.com
Corporate Office 307, 3 rd Floor, Hubtown Solaris, N.S. Phadke Marg, Near East West Flyover, Andheri (E), Mumbai, Maharashtra – 400069 Tel: 022-62215307
Investor Relations Contact KAPTIFY® Consulting Strategy & Investor Relations | Consulting E: contact@kaptify.in M: +91-845 288 6099 www.kaptify.in