Home First Finance Company India Ltd

Home First Finan Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Home First Finance Company India Ltd

₹ 1,070 1.67%
21 Nov - close price
homefirstindia.com BSE: 543259 NSE: HOMEFIRST
About

Home First Finance Company India (HFFC) is a Housing Finance Company which offers home loan with 48 hours sanctions and hassle-free process. [1]

Key Points

Technology-Driven lender[1] Home First Finance Company is a technology-driven affordable housing finance company (HFC) focused on first-time homebuyers in low and middle-income groups. It primarily offers housing loans for the purchase or construction of homes, which comprised 87% of the loan book.[2]

Website BSE NSE
  • Market Cap ₹ 9,547 Cr.
  • Current Price ₹ 1,070
  • High / Low ₹ 1,383 / 777
  • Stock P/E 27.9
  • Book Value ₹ 257
  • Dividend Yield 0.32 %
  • ROCE 11.2 %
  • ROE 15.5 %
  • Face Value ₹ 2.00
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 46.2% CAGR over last 5 years
  • Company's median sales growth is 53.4% of last 10 years
  • Company's working capital requirements have reduced from 19.1 days to 14.7 days

Cons

  • Stock is trading at 4.17 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding is low: 23.4%
  • Company might be capitalizing the interest cost
  • Promoter holding has decreased over last 3 years: -10.3%

* 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

Part of BSE 250 SmallCap Index BSE Diversified Financials Revenue Growth Index (I Nifty Smallcap 250 BSE Allcap BSE Financial Services

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Revenue 146 152 156 169 189 205 227 255 273 296 313 336 373
Interest 56 55 54 61 71 80 93 107 117 130 146 157 176
32 36 37 40 47 48 52 60 62 65 58 68 75
Financing Profit 58 61 65 68 71 78 82 88 95 101 109 112 123
Financing Margin % 40% 40% 42% 40% 38% 38% 36% 34% 35% 34% 35% 33% 33%
0 0 0 0 0 0 4 5 5 5 5 5 1
Depreciation 2 2 2 2 2 2 2 3 3 3 3 3 4
Profit before tax 56 59 63 66 69 76 84 90 96 103 111 114 120
Tax % 20% 22% 5% 23% 22% 22% 24% 23% 23% 23% 25% 23% 23%
45 46 60 51 54 59 64 69 74 79 83 88 92
EPS in Rs 5.13 5.25 6.87 5.84 6.19 6.69 7.27 7.84 8.43 8.92 9.43 9.87 10.34
Gross NPA % 2.56% 2.30% 2.14% 1.90% 1.61% 1.64% 1.70% 1.70% 1.70% 2.90% 1.70%
Net NPA % 2.00% 1.80% 1.68% 1.07% 1.14% 1.20% 1.20% 1.20% 1.30% 1.30%
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 TTM
Revenue 6 20 39 60 94 145 264 411 489 596 796 1,157 1,318
Interest 3 10 22 37 54 67 127 194 220 219 308 503 608
5 8 12 16 26 41 75 111 127 143 183 242 265
Financing Profit -2 2 5 7 14 38 63 106 142 234 304 412 445
Financing Margin % -30% 12% 13% 12% 15% 26% 24% 26% 29% 39% 38% 36% 34%
1 0 0 2 0 2 7 9 0 0 0 0 16
Depreciation 0 0 0 0 1 1 5 7 8 8 9 12 13
Profit before tax -1 2 5 9 14 38 65 107 134 226 295 400 447
Tax % 0% -10% 29% 33% 36% 34% 30% 26% 25% 18% 23% 24%
-1 3 3 6 9 25 46 80 100 186 228 306 342
EPS in Rs -3.75 8.87 11.73 16.01 8.50 24.41 36.09 10.16 11.46 21.24 25.94 34.54 38.56
Dividend Payout % 0% 0% 2% 1% 0% 0% 0% 0% 0% 0% 10% 10%
Compounded Sales Growth
10 Years: 50%
5 Years: 34%
3 Years: 33%
TTM: 37%
Compounded Profit Growth
10 Years: 61%
5 Years: 46%
3 Years: 45%
TTM: 29%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 12%
1 Year: 17%
Return on Equity
10 Years: 12%
5 Years: 13%
3 Years: 14%
Last Year: 16%

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 Sep 2024
Equity Capital 3 3 3 4 10 10 13 16 17 18 18 18 18
Reserves 46 93 96 146 298 323 510 918 1,363 1,556 1,800 2,104 2,272
53 117 255 369 665 1,022 1,926 2,494 3,054 3,467 4,813 7,302 8,867
1 3 6 78 18 17 33 53 76 76 108 110 152
Total Liabilities 102 216 359 597 990 1,372 2,482 3,480 4,510 5,117 6,739 9,534 11,309
0 0 1 1 3 5 17 21 17 20 26 30 32
CWIP 0 0 0 0 0 1 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 103 146 375 0 281 379 409
102 215 359 595 988 1,366 2,361 3,314 4,118 5,097 6,432 9,125 10,868
Total Assets 102 216 359 597 990 1,372 2,482 3,480 4,510 5,117 6,739 9,534 11,309

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
-823 -223 -807 -1,469 -1,908
-108 -615 804 -267 -217
893 900 411 1,353 2,470
Net Cash Flow -38 62 408 -382 345

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
ROE % -3% 4% 3% 5% 4% 8% 11% 11% 9% 13% 13% 16%

Shareholding Pattern

Numbers in percentages

4 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
33.62% 33.60% 33.58% 33.56% 33.53% 33.46% 30.21% 30.19% 23.60% 23.56% 23.45% 23.38%
12.07% 10.90% 9.49% 10.31% 9.37% 15.69% 17.56% 17.02% 24.83% 25.09% 24.73% 25.57%
40.42% 40.48% 41.18% 6.42% 6.51% 8.41% 10.00% 9.96% 11.72% 11.84% 11.96% 12.41%
13.88% 15.00% 15.74% 49.72% 50.58% 42.44% 42.24% 42.83% 39.84% 39.50% 39.85% 38.62%
0.02% 0.02% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
No. of Shareholders 64,06461,83762,40473,60174,54873,73178,16478,91878,15276,52675,62578,604

* 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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