Repco Home Finance Ltd

Repco Home Finance Ltd

₹ 463 -3.82%
21 Feb 4:12 p.m.
About

Established in April 2000, Repco Home Finance Ltd. is a registered housing finance company. It is a subsidiary of the Repatriates Cooperative Finance and Development Bank Limited(Repco Bank).[1][2]

Key Points

Business Segments
Individual Home Loans: The Co. offers several products for the Construction/Purchase and Repair/Renovation of homes like Dream Home Loan, Plot loan, Super Loan, Repco Privilege, Home Makeover Loan, etc.
Loans Against Property(LAP): The Co. also offers loans against properties under products like Prosperity loan, New Horizon Loan, and Commercial Real Estate Loan. [1]

  • Market Cap 2,898 Cr.
  • Current Price 463
  • High / Low 493 / 168
  • Stock P/E 7.84
  • Book Value 429
  • Dividend Yield 0.56 %
  • ROCE 9.04 %
  • ROE 12.5 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.12 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 2.99% over past five years.
  • Company has a low return on equity of 12.0% over last 3 years.
  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 6.44% of profits over last 3 years

* 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

Standalone Figures in Rs. Crores / View Consolidated

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 355 333 320 330 322 318 302 314 327 340 364 380 387
Interest 202 185 176 174 172 168 165 169 181 186 203 207 215
49 62 100 42 108 95 53 50 37 42 40 40 39
Financing Profit 104 86 45 113 43 56 84 95 109 113 122 132 133
Financing Margin % 29% 26% 14% 34% 13% 17% 28% 30% 33% 33% 33% 35% 34%
5 7 2 5 4 6 5 3 4 3 2 4 6
Depreciation 3 3 3 3 3 3 4 3 4 4 4 4 5
Profit before tax 106 90 44 115 43 58 84 95 109 112 120 132 134
Tax % 25% 29% 27% 25% 26% 28% 26% 25% 26% 27% 26% 26% 26%
80 63 32 86 31 42 62 71 81 82 89 98 99
EPS in Rs 12.72 10.10 5.13 13.73 5.03 6.72 9.92 11.37 12.91 13.12 14.24 15.68 15.89
Gross NPA % 4.30% 3.70% 4.40% 4.30% 7.00% 7.00% 6.40% 6.50% 6.20% 5.80% 5.50% 4.93% 4.70%
Net NPA % 2.30% 2.60% 5.00% 4.90% 4.20% 3.80% 3.45% 3.00% 2.80% 2.16% 1.90%
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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 319 406 535 693 882 1,046 1,109 1,191 1,348 1,376 1,292 1,285 1,472
Interest 202 266 325 431 548 646 649 720 825 807 690 701 811
33 32 59 72 99 116 151 110 153 182 344 182 162
Financing Profit 83 108 152 189 234 284 309 361 370 386 258 402 500
Financing Margin % 26% 27% 28% 27% 27% 27% 28% 30% 27% 28% 20% 31% 34%
0 0 0 0 0 0 1 4 3 17 15 14 15
Depreciation 2 2 2 3 4 4 3 5 13 13 13 15 16
Profit before tax 82 107 149 186 230 280 307 360 360 390 260 401 498
Tax % 25% 25% 26% 34% 35% 35% 35% 35% 22% 26% 26% 26%
61 80 110 123 150 182 201 235 280 288 192 296 369
EPS in Rs 13.23 12.87 17.71 19.74 24.00 29.13 32.13 37.51 44.81 45.97 30.62 47.33 58.93
Dividend Payout % 8% 9% 7% 8% 8% 7% 7% 7% 6% 5% 8% 6%
Compounded Sales Growth
10 Years: 12%
5 Years: 3%
3 Years: -2%
TTM: 17%
Compounded Profit Growth
10 Years: 14%
5 Years: 8%
3 Years: 2%
TTM: 44%
Stock Price CAGR
10 Years: 4%
5 Years: 8%
3 Years: 11%
1 Year: 123%
Return on Equity
10 Years: 15%
5 Years: 14%
3 Years: 12%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 46 62 62 62 63 63 63 63 63 63 63 63 63
Reserves 257 572 676 750 892 1,075 1,246 1,465 1,724 1,997 2,173 2,454 2,624
2,486 3,065 3,902 5,104 6,538 7,560 8,134 9,349 10,109 10,197 9,692 9,924 10,049
63 93 96 159 270 345 288 81 99 108 70 83 116
Total Liabilities 2,853 3,792 4,736 6,076 7,763 9,043 9,731 10,957 11,995 12,365 11,997 12,523 12,852
3 4 5 9 9 9 14 16 37 31 35 40 54
CWIP 0 0 0 0 0 0 0 0 0 0 0 4 0
Investments 8 8 12 12 12 16 16 22 22 22 32 32 32
2,841 3,780 4,719 6,054 7,742 9,018 9,702 10,919 11,935 12,311 11,930 12,448 12,767
Total Assets 2,853 3,792 4,736 6,076 7,763 9,043 9,731 10,957 11,995 12,365 11,997 12,523 12,852

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
70 104 -1,011 -1,193 -1,414 -1,001 -557 -1,015 349 849 691 -363
-8 -4 -6 -7 -7 -6 0 -11 -3 12 -163 160
-53 91 829 1,195 1,424 1,009 562 1,058 -79 -730 -531 205
Net Cash Flow 9 191 -188 -5 3 2 5 32 267 131 -2 2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 % 23% 17% 16% 16% 17% 17% 16% 17% 17% 15% 9% 12%

Shareholding Pattern

Numbers in percentages

Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
37.13% 37.13% 37.13% 37.13% 37.13% 37.13% 37.13% 37.13% 37.13% 37.13% 37.13% 37.13%
19.84% 20.35% 17.92% 17.61% 18.01% 17.91% 16.31% 18.84% 16.64% 14.55% 13.41% 15.29%
20.07% 20.10% 21.98% 21.39% 21.01% 19.71% 16.64% 16.86% 16.96% 18.03% 19.55% 18.40%
22.96% 22.42% 22.97% 23.87% 23.85% 25.24% 29.91% 27.15% 29.26% 30.28% 29.91% 29.17%
No. of Shareholders 34,34433,35335,92140,88541,12144,84047,24348,70947,49148,17444,53043,101

* 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.

Documents

Concalls