Home First Finance Company India Ltd
Home First Finance Company India (HFFC) is a Housing Finance Company which offers home loan with 48 hours sanctions and hassle-free process. [1]
- Market Cap ₹ 7,726 Cr.
- Current Price ₹ 873
- High / Low ₹ 1,061 / 686
- Stock P/E 27.0
- Book Value ₹ 220
- Dividend Yield 0.30 %
- ROCE 10.3 %
- ROE 13.5 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 55.4% CAGR over last 5 years
- Company's median sales growth is 53.6% of last 10 years
- Company's working capital requirements have reduced from 25.2 days to 12.6 days
Cons
- Stock is trading at 3.96 times its book value
- Company has low interest coverage ratio.
- Promoter holding is low: 23.6%
- Company has a low return on equity of 11.9% over last 3 years.
- Company might be capitalizing the interest cost
- Promoter holding has decreased over last 3 years: -10.1%
* 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
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 1 | 6 | 20 | 39 | 60 | 94 | 145 | 264 | 411 | 489 | 596 | 791 | 1,052 |
Interest | 0 | 3 | 10 | 22 | 37 | 54 | 67 | 127 | 194 | 220 | 219 | 308 | 447 |
3 | 5 | 8 | 12 | 16 | 26 | 41 | 75 | 111 | 127 | 143 | 183 | 239 | |
Financing Profit | -2 | -2 | 2 | 5 | 7 | 14 | 38 | 63 | 106 | 142 | 234 | 300 | 366 |
Financing Margin % | -158% | -30% | 12% | 13% | 12% | 15% | 26% | 24% | 26% | 29% | 39% | 38% | 35% |
1 | 1 | 0 | 0 | 2 | 0 | 2 | 7 | 9 | 0 | 0 | 5 | 19 | |
Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 5 | 7 | 8 | 8 | 9 | 11 |
Profit before tax | -1 | -1 | 2 | 5 | 9 | 14 | 38 | 65 | 107 | 134 | 226 | 295 | 373 |
Tax % | 1% | 0% | -10% | 29% | 33% | 36% | 34% | 30% | 26% | 25% | 18% | 23% | |
-1 | -1 | 3 | 3 | 6 | 9 | 25 | 46 | 80 | 100 | 186 | 228 | 286 | |
EPS in Rs | -5.07 | -3.75 | 8.87 | 11.73 | 16.01 | 8.50 | 24.41 | 36.09 | 10.16 | 11.46 | 21.24 | 25.94 | 32.46 |
Dividend Payout % | 0% | 0% | 0% | 2% | 1% | 0% | 0% | 0% | 0% | 0% | 0% | 10% |
Compounded Sales Growth | |
---|---|
10 Years: | 63% |
5 Years: | 40% |
3 Years: | 24% |
TTM: | 46% |
Compounded Profit Growth | |
---|---|
10 Years: | 71% |
5 Years: | 55% |
3 Years: | 42% |
TTM: | 28% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 23% |
1 Year: | 23% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 12% |
3 Years: | 12% |
Last Year: | 13% |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 3 | 3 | 3 | 3 | 4 | 10 | 10 | 13 | 16 | 17 | 18 | 18 | 18 |
Reserves | 24 | 46 | 93 | 96 | 146 | 298 | 323 | 510 | 918 | 1,363 | 1,556 | 1,800 | 1,929 |
Preference Capital | 1 | 2 | 3 | 3 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
5 | 51 | 114 | 252 | 365 | 665 | 1,022 | 1,926 | 2,494 | 3,054 | 3,467 | 4,813 | 6,002 | |
1 | 3 | 6 | 9 | 82 | 18 | 17 | 33 | 53 | 76 | 76 | 106 | 95 | |
Total Liabilities | 34 | 102 | 216 | 359 | 597 | 990 | 1,372 | 2,482 | 3,480 | 4,510 | 5,117 | 6,737 | 8,043 |
0 | 0 | 0 | 1 | 1 | 3 | 5 | 17 | 21 | 17 | 20 | 26 | 26 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 103 | 146 | 375 | 0 | 281 | 356 |
33 | 102 | 215 | 359 | 595 | 988 | 1,366 | 2,361 | 3,314 | 4,118 | 5,097 | 6,430 | 7,662 | |
Total Assets | 34 | 102 | 216 | 359 | 597 | 990 | 1,372 | 2,482 | 3,480 | 4,510 | 5,117 | 6,737 | 8,043 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-823 | -223 | -807 | -1,451 | |||||||||
-108 | -615 | 804 | -284 | |||||||||
893 | 900 | 411 | 1,353 | |||||||||
Net Cash Flow | -38 | 62 | 408 | -382 |
Ratios
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROE % | -6% | -3% | 4% | 3% | 5% | 4% | 8% | 11% | 11% | 9% | 13% | 13% |
Documents
Announcements
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Compliance Certificate For The Financial Year Ended March 31, 2024
15 Apr - Compliance Certificate pursuant to Regulation 7(3) of SEBI (LODR) Regulations, 2015 for the Financial year ended March 31, 2024.
- Certificate Under Regulation 40 (9) And 40 (10) Of The SEBI (LODR), Regulations 2015 14 Apr
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
5 Apr - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2024.
- Closure of Trading Window 29 Mar
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
14 Mar - Of allotment of Equity shares against exercise of Employee Stock Options under ESOP Schemes of the Company
Annual reports
Concalls
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Jan 2024Transcript PPT REC
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Nov 2023Transcript PPT REC
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Aug 2023Transcript PPT REC
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Oct 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Feb 2022Transcript PPT
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Nov 2021Transcript PPT
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Aug 2021Transcript PPT
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May 2021Transcript PPT
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Feb 2021Transcript PPT
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]