Reliance Home Finance Ltd

₹ 3.52 -2.22%

28 Jun - close price

reliancehomefinance.com BSE: 540709 NSE: RHFL

About

Incorporated in 2008, Reliance Home Finance Ltd is in housing finance business^[1]

Key Points

Business Overview:^[1]
Company is promoted by Reliance Capital Limited (RCL) which is a part of the ADAG (Anil Dhirubhai Ambani Group) and holds ** 47.91%** stake in the company. RHFL is registered as housing finance company with National Housing Bank without accepting public deposits and is engaged in mortgaged based lending operations

Website BSE NSE - BE

Market Cap ₹ 171 Cr.
Current Price ₹ 3.52
High / Low ₹ 6.22 / 1.61
Stock P/E
Book Value ₹ -1.59
Dividend Yield 0.00 %
ROCE -17.2 %
ROE %
Face Value ₹ 10.0

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Pros

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -80.1% over past five years.
Promoter holding is low: 0.74%
Promoter holding has decreased over last 3 years: -48.8%
Working capital days have increased from -1,027 days to 224 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Finance Industry: Finance - Housing

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	139.83	129.50	69.66	75.65	15.88	93.63	72.27	140.77	75.50	0.12	0.16	0.16	0.18
	533.26	292.10	226.77	216.09	6,067.77	44.76	44.91	16.24	-9,059.62	-6.05	0.82	2.72	5.48
Operating Profit	-393.43	-162.60	-157.11	-140.44	-6,051.89	48.87	27.36	124.53	9,135.12	6.17	-0.66	-2.56	-5.30
OPM %	-281.36%	-125.56%	-225.54%	-185.64%	-38,110.14%	52.19%	37.86%	88.46%	12,099.50%	5,141.67%	-412.50%	-1,600.00%	-2,944.44%
	22.25	1.18	1.10	0.07	0.47	0.13	6.02	-0.05	-274.14	0.26	0.00	0.00	0.00
Interest	302.10	273.68	274.52	325.85	311.04	251.77	272.19	266.63	-759.27	0.00	0.00	0.00	1.45
Depreciation	0.54	0.54	0.53	0.53	210.49	0.51	0.49	21.25	0.48	0.00	0.00	0.00	0.00
Profit before tax	-673.82	-435.64	-431.06	-466.75	-6,572.95	-203.28	-239.30	-163.40	9,619.77	6.43	-0.66	-2.56	-6.75
Tax %	34.02%	34.00%	34.00%	26.00%	31.20%	31.20%	31.20%	-52.53%	37.92%	0.00%	0.00%	0.00%	0.00%
	-444.62	-287.53	-284.49	-345.39	-4,522.19	-139.86	-164.64	-249.24	5,972.31	6.43	-0.66	-2.56	-6.75
EPS in Rs	-9.17	-5.93	-5.87	-7.12	-93.23	-2.88	-3.39	-5.14	123.13	0.13	-0.01	-0.05	-0.14
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	361.14	428.78	512.49	814.99	1,114.07	1,683.27	2,000.14	1,599.91	839.64	293.15	391.04	0.62
	64.73	86.50	89.96	141.67	234.88	372.57	575.04	829.21	1,920.43	6,802.47	-8,933.12	2.98
Operating Profit	296.41	342.28	422.53	673.32	879.19	1,310.70	1,425.10	770.70	-1,080.79	-6,509.32	9,324.16	-2.36
OPM %	82.08%	79.83%	82.45%	82.62%	78.92%	77.87%	71.25%	48.17%	-128.72%	-2,220.47%	2,384.45%	-380.65%
	0.00	0.93	0.11	0.04	14.68	0.05	2.45	2.36	0.37	0.35	-276.91	0.26
Interest	254.22	276.98	316.70	535.93	749.01	1,061.74	1,322.57	1,336.72	1,219.83	1,185.34	31.50	1.45
Depreciation	0.16	0.19	0.03	0.72	7.06	2.08	3.38	3.62	2.64	212.09	1.96	0.00
Profit before tax	42.03	66.04	105.91	136.71	137.80	246.93	101.60	-567.28	-2,302.89	-7,906.40	9,013.79	-3.55
Tax %	34.62%	34.30%	34.79%	36.54%	-25.25%	32.24%	33.64%	33.84%	34.00%	31.20%	39.89%	0.00%
	27.48	43.39	69.06	86.76	172.59	167.33	67.42	-375.32	-1,519.91	-5,439.60	5,418.57	-3.55
EPS in Rs	4.18	6.59	10.49	13.18	14.90	3.45	1.39	-7.74	-31.33	-112.14	111.71	-0.07
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	3.36%	28.99%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	-48%
5 Years:	-80%
3 Years:	-91%
TTM:	-100%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	26%
TTM:	-100%

Stock Price CAGR
10 Years:	%
5 Years:	-23%
3 Years:	-16%
1 Year:	28%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

Balance Sheet

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	65.82	65.82	65.82	65.82	115.82	485.06	485.06	485.06	485.06	485.06	485.06	485.06
Reserves	355.09	398.48	467.54	554.30	1,013.78	1,339.46	1,356.94	981.69	-538.02	-5,977.46	-558.89	-562.24
	1,939.63	2,376.86	3,639.50	6,548.29	9,670.27	13,135.96	15,698.92	13,235.23	12,976.40	12,714.46	86.99	91.41
	592.96	903.74	1,384.53	525.18	546.78	447.27	584.52	1,027.21	1,974.56	2,922.27	21.69	15.59
Total Liabilities	2,953.50	3,744.90	5,557.39	7,693.59	11,346.65	15,407.75	18,125.44	15,729.19	14,898.00	10,144.33	34.85	29.82
	0.25	0.09	39.45	44.31	67.68	264.41	265.79	261.79	259.33	47.70	0.00	0.00
CWIP	0.00	0.00	0.00	0.00	0.00	1.94	0.16	0.53	0.00	0.07	0.00	0.00
Investments	13.76	320.00	0.00	80.42	507.76	54.06	93.46	950.74	1,007.44	160.78	0.00	0.00
	2,939.49	3,424.81	5,517.94	7,568.86	10,771.21	15,087.34	17,766.03	14,516.13	13,631.23	9,935.78	34.85	29.82
Total Assets	2,953.50	3,744.90	5,557.39	7,693.59	11,346.65	15,407.75	18,125.44	15,729.19	14,898.00	10,144.33	34.85	29.82

Cash Flows

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-1.68	412.05	-179.27	433.43	-3,296.27	-3,507.32	-1,189.02	4,713.05	3,068.08	-597.38	4,103.02	-21.79
	23.40	-281.72	293.15	-71.50	-355.05	495.79	-55.00	-856.08	-1,559.75	848.31	-104.81	0.64
	-0.33	0.00	0.00	0.00	3,226.73	2,817.99	1,290.91	-3,927.20	-1,373.56	-366.90	-4,035.08	4.07
Net Cash Flow	21.39	130.33	113.88	361.93	-424.59	-193.54	46.89	-70.23	134.77	-115.97	-36.87	-17.08

Ratios

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Days
Days Payable
Cash Conversion Cycle	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Working Capital Days	-287.94	-314.22	-421.56	-361.38	-260.90	-24.43	33.20	-138.55	-682.05	-3,300.73	-4.09	223.71
ROCE %	12.77%	13.19%	12.05%	11.86%	10.05%	10.16%	8.76%	4.78%	-7.84%	-66.73%	257.70%

Shareholding Pattern

Numbers in percentages

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	49.58%	49.58%	49.58%	49.58%	48.78%	48.64%	48.64%	48.64%	43.61%	0.74%	0.74%	0.74%
	2.39%	2.39%	2.19%	2.19%	2.19%	2.19%	2.19%	2.19%	0.39%	0.39%	0.39%	0.39%
	1.56%	1.56%	1.56%	1.56%	1.56%	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%
	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
	46.46%	46.46%	46.67%	46.67%	47.46%	47.60%	47.61%	47.60%	54.44%	97.30%	97.31%	97.32%
No. of Shareholders	8,43,772	8,44,905	8,47,948	8,53,215	8,52,814	8,60,494	8,54,262	8,52,451	8,54,351	8,82,115	9,04,907	9,50,122

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	74.99%	74.85%	49.58%	49.58%	49.58%	48.64%	0.74%
	5.98%	5.66%	2.05%	2.04%	2.19%	2.19%	0.39%
	5.44%	5.07%	3.42%	1.76%	1.56%	1.55%	1.55%
	0.02%	0.02%	0.02%	0.01%	0.01%	0.01%	0.01%
	13.58%	14.41%	44.94%	46.61%	46.67%	47.60%	97.32%
No. of Shareholders	8,92,038	8,51,147	8,36,341	8,35,236	8,53,215	8,52,451	9,50,122

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Feb 2019

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