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Home First Finance Company India Ltd share Price Today

Company details

1,051.85
1,092.50
743.40
1,092.50
6M Return 4.47%
1Y Return 29.04%
Mkt Cap.(Cr) 9,464.13
Volume 806,619
Div Yield 0.32%
OI
-
OI Chg %
-
Volume 806,619

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Housing Finance company Home First Finance Company India announced Q4FY24 & FY24 results:

Financial Highlights:

  • Growth momentum continues in FY24 with disbursements at Rs 3,963 crore growing by 31.5% YoY.
  • AUM at Rs 9,698 crore grew by 34.7% on YoY; with an industry leading home loan mix of 86%.
  • Leading ROE’s: FY24 15.5% ( 200bps YoY) & Q4FY24 16.1% ( 170bps YoY); Asset quality strong.
  • Expanding distribution with 133 branches ( 22 on YoY basis) across 13 states. 

Commenting on the performance Manoj Viswanathan, MD & CEO said, “We are happy to conclude FY24 on a strong base & we continue the growth momentum forward to FY25. This has been supported by the booming Indian economy and strong tailwinds which has a positive effect on the housing demand coupled with our differentiated business model allowing us to grow on a pan-India basis with robust risk-management processes. Disbursements at Rs 3963 crore, grew by 31.5% and AUM grew by 34.7%. Spreads remain healthy at 5.4%. PAT at Rs 306 crore grew by 33.9% on y-o-y basis leading to ROA of 3.8%. Delighted to deliver ROE of 15.5% for FY24 and Q4FY24 saw it higher at 16.1% even in a high interest rate environment.

We continue to build distribution by simultaneously entering new markets and deepening our presence in existing markets. States of Uttar Pradesh, Madhya Pradesh and Rajasthan are emerging as large affordable housing markets and we have taken steps to strengthen our presence and expand distribution in these states. Overall, we have added 22 branches in FY24 and now have 133 physical branches. Including potential & digital branches, we now do business across 321 touchpoints across Tier 1 to Tier 5 markets in 13 states / UT of India.

  • Our asset quality continues to be strong with a focus on early delinquencies
  • 1 DPD is at 4.2% (decline of 30 bps on q-o-q).
  • 30 DPD at 2.8% (decline of 20 bps on q-o-q).
  • Gross Stage 3 (GNPA) is at 1.7% (flat on q-o-q). Prior to RBI classification circular of Nov’21, it stands at 1.1%.
  • Our credit cost at 10bps (decline of 20 bps on q-o-q basis). Our overall collections remain strong and in
  • Q4FY24; we have had considerable recoveries from previously written-off accounts contributing to these credit cost levels. We continue to maintain our credit cost guidance of 30 to 40-bps.

Digital adoption continues to be strong and a key area of our focus as we grow. 95% of our customers are registered on our app as on Mar’24. Unique User Logins was 53% in Q4FY24. Service requests raised on app was stable at 89%. In Q4FY24, we have processed 47% of sanctions via Account Aggregator route.

We are confident to continue the growth momentum led by a strong economic environment, rising middle class population, expanding distribution network and differentiated business model. We continue to stay focused on providing loans for affordable housing, led by distribution and use of technology, backed by diversified funding and strong risk management.”

Result PDF

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Home First Finance Company India Ltd shares SWOT Analysis

Strengths (13)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with high TTM EPS Growth
  • New 52 week high today

Weakness (2)

  • Inefficient use of assets to generate profits - ROA declining in the last 2 years
  • Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years

Opportunity (1)

  • Decrease in Provision in recent results

Threats (1)

  • Promoter decreasing their shareholding

Resistance and support

R1 1,090.5
R2 1,111.8
R3 1,131.2
Pivot

1,071.18

S1 1,049.9
S2 1,030.5
S3 1,009.2
EMA SMA
908.1
884.6
889.7
882.8
870.9
875.7
897.4
905.5
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SMALLCAP WORLD FUND INC Bulk Purchase 2023-11-23 870.5 2395000 BSE
FIDELITY GLOBAL INVESTMENT FUND ASIA PACIFIC EQUITY FUND Bulk Purchase 2023-11-23 870 476331 BSE
TRUE NORTH FUND V LLP Bulk Sell 2023-11-23 871.13 1788649 BSE
Name Category Shares
TRUE NORTH FUND V LLP PROMOTER 14.18%
AETHER (MAURITIUS) LIMITED PROMOTER 9.38%

FINANCIALS

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Operating Profit
Profit after Tax
Equity
Reserves and Surplus
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Home First Finance Company India Ltd Stocks COMPARISON

Financials( in Cr) Home First Finance Company India Ltd Bajaj Finance Ltd Bajaj Finserv Ltd Jio Financial Services Ltd Indian Railway Finance Corporation Ltd
Price 1,069.20 7,334.70 1,597.95 363.20 175.71
% Change -0.29 -0.09 0.39 1.74 0.52
Mcap Cr 9,464.13 454,015.00 254,951.16 230,751.27 229,626.72
Revenue TTM Cr 1,156.51 41,398.35 82,071.70 44.84 23,891.95
Net Profit TTM Cr 305.72 11,507.69 12,209.54 31.25 6,337.01
PE TTM 31.17 31.40 31.33 143.52 35.78
1 Year Return 29.04 -0.70 3.63 45.92 432.45
ROCE 11.25 11.76 12.69 0.03 5.32
ROE 15.52 23.46 28.18 0.02 14.66
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 2,121.48 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 32,550.52 645.34
LAST 3M 103,712.87 -29,605.88
LAST 6M 176,931.00 -14,371.69
LAST 12M 290,309.13 100,312.35

Home First Finance Company India Ltd Information

Stock PE (TTM)
31.17
Promoter Holding
23.56%
Book Value
238.6176
ROCE
11.25%
ROE
15.52%
Description
  • Home First Finance Company India Limited is engaged in Housing Finance Industry in India. Its market capitalization is worth INR 4,169.22 Cr. as of 16 April 2021. Founded in 2010, this company is listed on the Bombay Stock Exchange (BSE), having the code 543259 and on the National Stock Exchange (NSE) with the symbol HOMEFIRST in February 2021. Headquartered in Mumbai, the housing finance company aims at buyers under the low and middle-income groups. The company mainly deals with providing loans ranging from commercial to residential properties in a hassle-free way for the ease of its customers. Home First Finance Company India Limited is an affordable housing finance company headquartered in Mumbai. It mainly caters to the middle and lower-income groups by providing loans for buying and construction of homes. A majority of the company's customers are first-time home buyers who find it challenging to deal with bigger financial institutions for their home loan requirements. Loan amounts for these homes typically vary between ?5 lakhs to ?50 lakhs. It was founded by Jaithirth Rao, Manoj Vishwanathan and PS Jayakumar in 2010 to cater to the first time formal buyers belonging to the low and middle-income groups. The company mainly deals with providing loans ranging from commercial to residential properties in a hassle-free way for the ease of its customers. This technology-driven housing finance company has posted a strong growth of 58.6% CAGR while the net profits grew at 122.6% during 2018-2020. The company holds a strong network of 70 branches covering 60 districts over 11 states with a significant presence in Gujarat, Tamil Nadu, Maharashtra and Karnataka as of 30 September 2020. The company's current focus is on leveraging technology benefits in the area of risk management, loan applications, and managing customer experience. The company debuted in the stock market in January 2021, with an IPO of INR 517- 518 per equity share. It entered into definitive agreements with an affiliate of Warburg Pincus for an investment of INR 700 crores in October 2020. This investment highlighted the inherent strengths. The essential products and revenue segments currently include income from financial services, interest, commission and fees and other operating revenue. The long term growth for the affordable housing finance sector remains positive, with possible growth of 12-15% in future.

Registered Address

511 Acme Plaza, Andheri Kurla Road Andheri (E), Mumbai, Maharashtra, 400059

Tel : 91-22-66940386
Email : corporate:homefirstindia.com
Website : http://www.homefirstindia.com
Registrar

KFin Techologies Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 543259
NSE Code : HOMEFIRST
Book Closure Date (Month) :
BSE Group : A
ISIN : INE481N01025

FAQ’s on Home First Finance Company India Ltd Shares

You can buy Home First Finance Company India Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Home First Finance Company India Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 18, 2024 04:10 PM the closing price of Home First Finance Company India Ltd was Rs.1,069.20.

The latest PE ratio of Home First Finance Company India Ltd as of Jun 18, 2024 04:10 PM is 31.17

The latest PB ratio of Home First Finance Company India Ltd as of Jun 18, 2024 04:10 PM is 0.22

The 52-week high of Home First Finance Company India Ltd share price is Rs. 1,092.50 while the 52-week low is Rs. 743.40

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 18, 2024 04:10 PM, the market cap of Home First Finance Company India Ltd stood at Rs. 9,464.13.

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