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Last Updated on: 25 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 543259 | NSE: HOMEFIRST

Home First Finance Company India Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 24, 2024, 8:01 pm

Market Cap 9,697 Cr.
Current Price 1,087
High / Low1,383/777
Stock P/E28.3
Book Value 257
Dividend Yield0.31 %
ROCE11.2 %
ROE15.5 %
Face Value 2.00
PEG Ratio1.03

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Home First Finance Company India Ltd

Competitors of Home First Finance Company India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Ind Bank Housing Ltd 43.3 Cr. 43.387.9/31.6 1210.00 %7.86 %% 10.0
Home First Finance Company India Ltd 9,697 Cr. 1,0871,383/77728.3 2570.31 %11.2 %15.5 % 2.00
Aptus Value Housing Finance India Ltd 15,762 Cr. 315402/28223.3 80.31.43 %14.7 %17.2 % 2.00
Repco Home Finance Ltd 2,805 Cr. 448595/3666.59 4940.67 %10.5 %14.6 % 10.0
PNB Housing Finance Ltd 22,206 Cr. 8551,202/60013.1 5750.00 %9.27 %11.8 % 10.0
Industry Average10,536.10 Cr420.9912.67287.990.76%11.06%13.49%5.64

All Competitor Stocks of Home First Finance Company India Ltd

Quarterly Result

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Revenue146152156169189205227255273296313336373
Interest56555461718093107117130146157176
Expenses32363740474852606265586875
Financing Profit586165687178828895101109112123
Financing Margin %40%40%42%40%38%38%36%34%35%34%35%33%33%
Other Income0000004555551
Depreciation2222222333334
Profit before tax565963666976849096103111114120
Tax %20%22%5%23%22%22%24%23%23%23%25%23%23%
Net Profit45466051545964697479838892
EPS in Rs5.135.256.875.846.196.697.277.848.438.929.439.8710.34
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%

Last Updated: November 6, 2024, 6:31 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: November 22, 2024, 2:20 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Revenue6203960941452644114895967961,1571,318
Interest31022375467127194220219308503608
Expenses581216264175111127143183242265
Financing Profit-2257143863106142234304412445
Financing Margin %-30%12%13%12%15%26%24%26%29%39%38%36%34%
Other Income10020279000016
Depreciation000011578891213
Profit before tax-1259143865107134226295400447
Tax %0%-10%29%33%36%34%30%26%25%18%23%24%
Net Profit-13369254680100186228306342
EPS in Rs-3.758.8711.7316.018.5024.4136.0910.1611.4621.2425.9434.5438.56
Dividend Payout %0%0%2%1%0%0%0%0%0%0%10%10%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)400.00%0.00%100.00%50.00%177.78%84.00%73.91%25.00%86.00%22.58%34.21%
Change in YoY Net Profit Growth (%)0.00%-400.00%100.00%-50.00%127.78%-93.78%-10.09%-48.91%61.00%-63.42%11.63%

Home First Finance Company India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

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:10%
1 Year:23%
Return on Equity
10 Years:12%
5 Years:13%
3 Years:14%
Last Year:16%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 2:31 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital3334101013161718181818
Reserves4693961462983235109181,3631,5561,8002,1042,272
Borrowings531172553696651,0221,9262,4943,0543,4674,8137,3028,867
Other Liabilities13678181733537676108110152
Total Liabilities1022163595979901,3722,4823,4804,5105,1176,7399,53411,309
Fixed Assets00113517211720263032
CWIP0000010000000
Investments0000001031463750281379409
Other Assets1022153595959881,3662,3613,3144,1185,0976,4329,12510,868
Total Assets1022163595979901,3722,4823,4804,5105,1176,7399,53411,309

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +-823-223-807-1,469-1,908
Cash from Investing Activity +-108-615804-267-217
Cash from Financing Activity +8939004111,3532,470
Net Cash Flow-3862408-382345

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-48.00-109.00-243.00-353.00-639.0040.0074.00109.00124.00140.00179.00235.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
ROE %-3%4%3%5%4%8%11%11%9%13%13%16%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters33.62%33.60%33.58%33.56%33.53%33.46%30.21%30.19%23.60%23.56%23.45%23.38%
FIIs12.07%10.90%9.49%10.31%9.37%15.69%17.56%17.02%24.83%25.09%24.73%25.57%
DIIs40.42%40.48%41.18%6.42%6.51%8.41%10.00%9.96%11.72%11.84%11.96%12.41%
Public13.88%15.00%15.74%49.72%50.58%42.44%42.24%42.83%39.84%39.50%39.85%38.62%
Others0.02%0.02%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
No. of Shareholders64,06461,83762,40473,60174,54873,73178,16478,91878,15276,52675,62578,604

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Canara Robeco Small Cap Fund862,3240.81102.31862,3242024-11-230%
Invesco India Smallcap Fund632,1021.4372.88862,3242024-11-23-26.7%
Invesco India Multicap Fund606,1991.8169.89862,3242024-11-23-29.7%
Invesco India ELSS Tax Saver Fund495,3291.9157.11862,3242024-11-23-42.56%
Tata Banking and Financial Services Fund450,0002.2551.89862,3242024-11-23-47.82%
Aditya Birla Sun Life Small Cap Fund426,1570.9350.56862,3242024-11-23-50.58%
Aditya Birla Sun Life Multi-Cap Fund394,2330.7146.77862,3242024-11-23-54.28%
Tata Flexi Cap Fund400,0001.546.12862,3242024-11-23-53.61%
Edelweiss Mid Cap Fund322,5450.4938.27862,3242024-11-23-62.6%
Sundaram Aggressive Hybrid Fund300,0000.6535.59862,3242024-11-23-65.21%

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)34.6526.0121.2612.3710.81
Diluted EPS (Rs.)33.6725.2020.8512.1810.57
Cash EPS (Rs.)35.8626.9722.0912.3311.08
Book Value[Excl.RevalReserv]/Share (Rs.)239.68206.48179.57157.96119.21
Book Value[Incl.RevalReserv]/Share (Rs.)239.68206.48179.57157.96119.21
Dividend / Share (Rs.)3.402.600.000.000.00
Revenue From Operations / Share (Rs.)128.5089.8767.9754.5950.91
PBDIT / Share (Rs.)102.9869.1451.2941.4039.39
PBIT / Share (Rs.)101.6668.1150.4340.5338.46
PBT / Share (Rs.)45.1933.5425.8215.3413.71
Net Profit / Share (Rs.)34.5425.9421.2411.4610.16
PBDIT Margin (%)80.1476.9375.4575.8377.35
PBIT Margin (%)79.1075.7974.1974.2375.54
PBT Margin (%)35.1637.3237.9828.0926.92
Net Profit Margin (%)26.8728.8631.2420.9819.95
Return on Networth / Equity (%)14.4112.5611.827.258.52
Return on Capital Employeed (%)42.0227.4927.8425.2531.68
Return On Assets (%)3.203.383.632.222.28
Long Term Debt / Equity (X)0.000.190.000.000.00
Total Debt / Equity (X)3.442.652.202.212.67
Asset Turnover Ratio (%)0.130.130.120.110.13
Current Ratio (X)1.281.471.441.441.36
Quick Ratio (X)1.281.471.441.441.36
Dividend Payout Ratio (NP) (%)7.490.000.000.000.00
Dividend Payout Ratio (CP) (%)7.210.000.000.000.00
Earning Retention Ratio (%)92.510.000.000.000.00
Cash Earning Retention Ratio (%)92.790.000.000.000.00
Interest Coverage Ratio (X)1.822.002.081.641.59
Interest Coverage Ratio (Post Tax) (X)1.611.751.861.451.41
Enterprise Value (Cr.)14428.3511068.669539.366294.590.00
EV / Net Operating Revenue (X)12.6813.9916.0113.190.00
EV / EBITDA (X)15.8318.1921.2217.400.00
MarketCap / Net Operating Revenue (X)6.998.2911.328.220.00
Retention Ratios (%)92.500.000.000.000.00
Price / BV (X)3.753.614.282.840.00
Price / Net Operating Revenue (X)6.998.2911.328.220.00
EarningsYield0.030.030.020.020.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Home First Finance Company India Ltd as of November 25, 2024 is: 1,130.83

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 25, 2024, Home First Finance Company India Ltd is Undervalued by 4.03% compared to the current share price 1,087.00

Intrinsic Value of Home First Finance Company India Ltd as of November 25, 2024 is: 1,441.41

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 25, 2024, Home First Finance Company India Ltd is Undervalued by 32.60% compared to the current share price 1,087.00

Last 5 Year EPS CAGR: 27.46%

*Investments are subject to market risks

Strength and Weakness

Unable to fetch valid data for stock valuation.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Home First Finance Company India Ltd:
    1. Net Profit Margin: 26.87%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 42.02% (Industry Average ROCE: 11.06%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 14.41% (Industry Average ROE: 13.49%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 1.61
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.28
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 28.3 (Industry average Stock P/E: 12.67)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 3.44
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Home First Finance Company India Ltd. is a Public Limited Listed company incorporated on 03/02/2010 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L65990MH2010PLC240703 and registration number is 240703. Currently Company is involved in the business activities of Financial Leasing. Company’s Total Operating Revenue is Rs. 595.67 Cr. and Equity Capital is Rs. 17.53 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance - Housing511, Acme Plaza, Mumbai Maharashtra 400059corporate@homefirstindia.com
http://www.homefirstindia.com
Management
NamePosition Held
Mr. Deepak SatwalekarChairman & Ind.Dire (Non-Exe)
Mr. Manoj ViswanathanManaging Director & CEO
Ms. Sucharita MukherjeeInd. Non-Executive Director
Mr. Narendra OstawalInd. Non-Executive Director
Ms. Geeta Dutta GoelInd. Non-Executive Director
Mr. Anuj SrivastavaNon Exe. & Nominee Director
Ms. Divya SehgalNon Exe. & Nominee Director
Mr. Maninder Singh JunejaNon Exe. & Nominee Director

FAQ

What is the latest intrinsic value of Home First Finance Company India Ltd?

The latest intrinsic value of Home First Finance Company India Ltd as on 25 November 2024 is ₹1130.83, which is 4.03% higher than the current market price of ₹1,087.00.

What is the Market Cap of Home First Finance Company India Ltd?

The Market Cap of Home First Finance Company India Ltd is 9,697 Cr..

What is the current Stock Price of Home First Finance Company India Ltd as on 25 November 2024?

The current stock price of Home First Finance Company India Ltd as on 25 November 2024 is 1,087.

What is the High / Low of Home First Finance Company India Ltd stocks in FY 2024?

In FY 2024, the High / Low of Home First Finance Company India Ltd stocks is 1,383/777.

What is the Stock P/E of Home First Finance Company India Ltd?

The Stock P/E of Home First Finance Company India Ltd is 28.3.

What is the Book Value of Home First Finance Company India Ltd?

The Book Value of Home First Finance Company India Ltd is 257.

What is the Dividend Yield of Home First Finance Company India Ltd?

The Dividend Yield of Home First Finance Company India Ltd is 0.31 %.

What is the ROCE of Home First Finance Company India Ltd?

The ROCE of Home First Finance Company India Ltd is 11.2 %.

What is the ROE of Home First Finance Company India Ltd?

The ROE of Home First Finance Company India Ltd is 15.5 %.

What is the Face Value of Home First Finance Company India Ltd?

The Face Value of Home First Finance Company India Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Home First Finance Company India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE