Home First Finance Company India Ltd

Home First Finance Company India Ltd

₹ 928 -3.22%
26 Feb - close price
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]

  • Market Cap 8,214 Cr.
  • Current Price 928
  • High / Low 1,061 / 655
  • Stock P/E 28.7
  • Book Value 220
  • Dividend Yield 0.28 %
  • 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 4.21 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -6.59%
  • 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

* 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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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Revenue 110 136 142 146 152 156 169 189 205 227 255 273 296
Interest 54 54 53 56 55 54 61 71 80 93 107 117 130
33 38 39 32 36 37 40 47 48 52 60 62 65
Financing Profit 23 44 50 58 61 65 68 71 78 82 88 95 101
Financing Margin % 21% 33% 35% 40% 40% 42% 40% 38% 38% 36% 34% 35% 34%
0 0 0 0 0 0 0 0 0 4 5 5 5
Depreciation 2 2 2 2 2 2 2 2 2 2 3 3 3
Profit before tax 21 43 48 56 59 63 66 69 76 84 90 96 103
Tax % 25% 26% 26% 20% 22% 5% 23% 22% 22% 24% 23% 23% 23%
16 31 35 45 46 60 51 54 59 64 69 74 79
EPS in Rs 1.93 3.58 4.01 5.13 5.25 6.87 5.84 6.19 6.69 7.27 7.84 8.43 8.92
Gross NPA % 1.80% 2.56% 2.30% 2.14% 1.90% 1.80% 1.61% 1.64% 1.70% 1.70%
Net NPA % 1.20% 2.00% 1.80% 1.68% 1.30% 1.07% 1.14% 1.20% 1.20%
Raw PDF

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: 20%
1 Year: 25%
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%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
33.70% 33.66% 33.65% 33.62% 33.60% 33.58% 33.56% 33.53% 33.46% 30.21% 30.19% 23.60%
10.86% 11.61% 12.68% 12.07% 10.90% 9.49% 10.31% 9.37% 15.69% 17.56% 17.02% 24.83%
42.64% 43.12% 40.62% 40.42% 40.48% 41.18% 6.42% 6.51% 8.41% 10.00% 9.96% 11.72%
12.79% 11.61% 13.04% 13.88% 15.00% 15.74% 49.72% 50.58% 42.44% 42.24% 42.83% 39.84%
0.00% 0.01% 0.02% 0.02% 0.02% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
No. of Shareholders 1,36,7801,05,06077,22364,06461,83762,40473,60174,54873,73178,16478,91878,152

* 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.

Click on the line-items to see the names of individual entities.

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