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Last Updated on: 21 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Fundamental Analysis of Reliance Home Finance Ltd

About the Company - Reliance Home Finance Ltd

Reliance Home Finance Ltd. is a Public Limited Listed company incorporated on 05/06/2008 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L67190MH2008PLC183216 and registration number is 183216. Currently company belongs to the Industry of Finance - Housing. Company’s Total Operating Revenue is Rs. 290.68 Cr. and Equity Capital is Rs. 485.06 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance - HousingTrade World, Kamala Mills Compound, 7th Floor, B Wing, Senapati Bapat Marg, Mumbai Maharashtra 400013rhfl.investor@relianceada.com
http://www.reliancehomefinance.com
Management
NamePosition Held
Ms. Rashna Hoshang KhanDirector
Mr. Sudeep GhoshalDirector
Ms. Chhaya ViraniDirector
Mr. Ashok RamaswamyDirector
Mr. Sushilkumar AgrawalDirector
Mr. Ashish TurakhiaDirector

Basic Stock Data of Reliance Home Finance Ltd

Last Updated: July 19, 2024, 10:51 pm

Market Cap 177 Cr.
Current Price 3.65
High / Low6.22/1.61
Stock P/E
Book Value 1.59
Dividend Yield0.00 %
ROCE17.2 %
ROE%
Face Value 10.0
PEG Ratio0.00

Data Source: screener.in

Competitors of Reliance Home Finance Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Coral India Finance & Housing Ltd 227 Cr. 56.374.5/33.510.9 45.50.53 %14.2 %12.5 % 2.00
LIC Housing Finance Ltd 42,443 Cr. 772827/3848.91 5721.17 %8.79 %16.2 % 2.00
PNB Housing Finance Ltd 20,280 Cr. 781914/59813.3 5750.00 %9.27 %11.8 % 10.0
Repco Home Finance Ltd 3,325 Cr. 532581/2968.43 4630.56 %10.5 %14.6 % 10.0
Aptus Value Housing Finance India Ltd 16,002 Cr. 321392/25726.2 75.51.40 %14.7 %17.2 % 2.00
Industry Average13,099.38 Cr466.1612.49333.130.86%10.67%13.24%5.00

Reliance Home Finance Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales173.96139.83129.5069.6675.6515.8893.6372.27140.7775.500.120.160.16
Expenses387.83533.26292.10226.77216.096,067.7744.7644.9116.24-9,059.62-6.050.822.72
Operating Profit-213.87-393.43-162.60-157.11-140.44-6,051.8948.8727.36124.539,135.126.17-0.66-2.56
OPM %-122.94%-281.36%-125.56%-225.54%-185.64%-38,110.14%52.19%37.86%88.46%12,099.50%5,141.67%-412.50%-1,600.00%
Other Income0.7022.251.181.100.070.470.136.02-0.05-274.140.260.000.00
Interest300.58302.10273.68274.52325.85311.04251.77272.19266.63-759.270.000.000.00
Depreciation0.560.540.540.530.53210.490.510.4921.250.480.000.000.00
Profit before tax-514.31-673.82-435.64-431.06-466.75-6,572.95-203.28-239.30-163.409,619.776.43-0.66-2.56
Tax %33.98%34.02%34.00%34.00%26.00%31.20%31.20%31.20%-52.53%37.92%0.00%0.00%0.00%
Net Profit-339.55-444.62-287.53-284.49-345.39-4,522.19-139.86-164.64-249.245,972.316.43-0.66-2.56
EPS in Rs-7.00-9.17-5.93-5.87-7.12-93.23-2.88-3.39-5.14123.130.13-0.01-0.05

Last Updated: July 10, 2024, 7:55 pm

Reliance Home Finance Ltd Quarterly Chart

Reliance Home Finance Ltd Profit & Loss

Last Updated: July 10, 2024, 7:55 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales3393614295128151,1141,6832,0001,600840293391217
Expenses676586901422353735758291,9206,802-8,933-9,028
Operating Profit2722963424236738791,3111,425771-1,081-6,5099,3249,244
OPM %80%82%80%82%83%79%78%71%48%-129%-2,220%2,384%4,269%
Other Income001001502200-277-274
Interest2332542773175367491,0621,3231,3371,2201,18532-493
Depreciation000017234321221
Profit before tax404266106137138247102-567-2,303-7,9069,0149,462
Tax %33%35%34%35%37%-25%32%34%34%34%31%40%
Net Profit262743698717316767-375-1,520-5,4405,4195,729
EPS in Rs4.186.5910.4913.1814.903.451.39-7.74-31.33-112.14111.71118.11
Dividend Payout %0%0%0%0%0%3%29%0%0%0%0%0%

Reliance Home Finance Ltd Profit & Loss Yearly Chart

Reliance Home Finance Ltd Growth

Compounded Sales Growth
10 Years:-48%
5 Years:-80%
3 Years:-91%
TTM:-100%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:26%
TTM:-100%
Stock Price CAGR
10 Years:%
5 Years:-19%
3 Years:-8%
1 Year:12%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: July 16, 2024, 5:23 pm

Reliance Home Finance Ltd Balance Sheet

Last Updated: July 10, 2024, 7:55 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital3066666666116485485485485485485485
Reserves3613553984685541,0141,3391,357982-538-5,977-559-553
Preference Capital300000000000
Borrowings1,8871,9402,3773,6406,5489,67013,13615,69913,23512,97612,7148787
Other Liabilities2945939041,3855255474475851,0271,9752,9222214
Total Liabilities2,5722,9543,7455,5577,69411,34715,40818,12515,72914,89810,1443532
Fixed Assets0003944682642662622594800
CWIP0000002010000
Investments391432008050854939511,00716100
Other Assets2,5332,9393,4255,5187,56910,77115,08717,76614,51613,6319,9363532
Total Assets2,5722,9543,7455,5577,69411,34715,40818,12515,72914,89810,1443532

Reliance Home Finance Ltd Reserves and Borrowings Chart

Reliance Home Finance Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity -1.68412.05-179.27433.43-3,296.27-3,507.32-1,189.024,713.053,068.08-597.384,103.02-21.79
Cash from Investing Activity 23.40-281.72293.15-71.50-355.05495.79-55.00-856.08-1,559.75848.31-104.810.64
Cash from Financing Activity -0.330.000.000.003,226.732,817.991,290.91-3,927.20-1,373.56-366.90-4,035.084.07
Net Cash Flow21.39130.33113.88361.93-424.59-193.5446.89-70.23134.77-115.97-36.87-17.08

Reliance Home Finance Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days000000000000
Inventory Days
Days Payable
Cash Conversion Cycle000000000000
Working Capital Days-165-288-314-422-361-261-2433-139-682-3,301-4
ROCE %11%13%13%12%12%10%10%9%5%-8%-67%258%

Reliance Home Finance Ltd Financial Efficiency Indicators Chart

Reliance Home Finance Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters49.58%49.58%49.58%49.58%48.78%48.64%48.64%48.64%43.61%0.74%0.74%0.74%
FIIs2.39%2.39%2.19%2.19%2.19%2.19%2.19%2.19%0.39%0.39%0.39%0.39%
DIIs1.56%1.56%1.56%1.56%1.56%1.55%1.55%1.55%1.55%1.55%1.55%1.55%
Government0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public46.46%46.46%46.67%46.67%47.46%47.60%47.61%47.60%54.44%97.30%97.31%97.32%
No. of Shareholders8,43,7728,44,9058,47,9488,53,2158,52,8148,60,4948,54,2628,52,4518,54,3518,82,1159,04,9079,50,122

Reliance Home Finance Ltd Shareholding Pattern Chart

No. of Reliance Home Finance Ltd Shareholders

This stock is not held by any mutual fund

Reliance Home Finance Ltd ROCE Trend

Reliance Home Finance Ltd EPS Trend

Reliance Home Finance Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-0.07111.72-112.15-31.33-7.74
Diluted EPS (Rs.)-0.07111.72-112.15-31.33-7.74
Cash EPS (Rs.)-0.07111.75-107.77-31.28-7.66
Book Value[Excl.RevalReserv]/Share (Rs.)-1.59-1.52-113.23-1.0930.24
Book Value[Incl.RevalReserv]/Share (Rs.)-1.59-1.52-113.23-1.0930.24
Revenue From Operations / Share (Rs.)0.017.885.9916.5632.73
PBDIT / Share (Rs.)-0.04192.23-134.19-22.2815.92
PBIT / Share (Rs.)-0.04192.19-138.57-22.3315.85
PBT / Share (Rs.)-0.07185.83-163.00-47.48-11.70
Net Profit / Share (Rs.)-0.07111.71-112.14-31.33-7.74
PBDIT Margin (%)-381.702439.83-2239.30-134.5348.64
PBIT Margin (%)-381.702439.31-2312.27-134.8648.41
PBT Margin (%)-574.142358.57-2719.96-286.69-35.73
Net Profit Margin (%)-574.141417.84-1871.33-189.21-23.64
Return on Networth / Equity (%)0.00-7339.250.000.00-25.58
Return on Capital Employeed (%)-7.9160495.39-481.72-15.729.34
Return On Assets (%)-11.8915548.26-53.62-10.20-2.38
Long Term Debt / Equity (X)0.00-0.75-1.24-127.244.56
Total Debt / Equity (X)0.00-0.75-2.31-244.449.00
Asset Turnover Ratio (%)0.010.070.020.050.09
Current Ratio (X)0.000.900.721.661.99
Quick Ratio (X)0.000.900.721.661.99
Interest Coverage Ratio (X)-1.63297.71-5.49-0.880.57
Interest Coverage Ratio (Post Tax) (X)-1.63182.86-3.59-0.240.71
Enterprise Value (Cr.)129.00191.209940.2411782.5112761.11
EV / Net Operating Revenue (X)208.700.5034.2014.678.04
EV / EBITDA (X)-54.680.02-1.53-10.9016.53
MarketCap / Net Operating Revenue (X)228.360.310.640.140.02
Price / BV (X)-1.83-1.65-0.03-2.190.02
Price / Net Operating Revenue (X)242.500.310.640.140.02
EarningsYield-0.0244.51-29.13-13.11-10.32

Reliance Home Finance Ltd Profitability Ratios (%)

Reliance Home Finance Ltd Liquidity Ratios

Reliance Home Finance Ltd Liquidity Ratios (%)

Reliance Home Finance Ltd Interest Coverage Ratios (%)

Reliance Home Finance Ltd Valuation Ratios

Fair Value

Fair Value: 3.65

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.

Overvalued: 0.03% compared to the current price 3.65

Default values used*: Deafault value of 15 for Stock P/E is used, Deafault value of 15% for ROE is used

Intrinsic Value: 9.61

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 163.36% compared to the current price 3.65

Default values used*: Deafault value of 15 for Stock P/E is used, Deafault value of 15% for ROE is used

Last 5 Year EPS CAGR: 163.43%

*Investments are subject to market risks

Strength and Weakness of Reliance Home Finance Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 23.17%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -219.17, which is a positive sign.
  3. The stock has a low average Cash Conversion Cycle of 0.00, which is a positive sign.
  4. The company has shown consistent growth in sales (323.23 cr) and profit (24.62 cr) over the years.
  1. The company has higher borrowings (7,676.16) compared to reserves (-97.44), which may suggest financial risk.

FAQ

What is the latest fair value of Reliance Home Finance Ltd?

The latest fair value of Reliance Home Finance Ltd is ₹3.65.

What is the Market Cap of Reliance Home Finance Ltd?

The Market Cap of Reliance Home Finance Ltd is 177 Cr..

What is the current Stock Price of Reliance Home Finance Ltd as on 21 July 2024?

The current stock price of Reliance Home Finance Ltd as on 21 July 2024 is 3.65.

What is the High / Low of Reliance Home Finance Ltd stocks in FY 2024?

In FY 2024, the High / Low of Reliance Home Finance Ltd stocks is 6.22/1.61.

What is the Stock P/E of Reliance Home Finance Ltd?

The Stock P/E of Reliance Home Finance Ltd is .

What is the Book Value of Reliance Home Finance Ltd?

The Book Value of Reliance Home Finance Ltd is 1.59.

What is the Dividend Yield of Reliance Home Finance Ltd?

The Dividend Yield of Reliance Home Finance Ltd is 0.00 %.

What is the ROCE of Reliance Home Finance Ltd?

The ROCE of Reliance Home Finance Ltd is 17.2 %.

What is the ROE of Reliance Home Finance Ltd?

The ROE of Reliance Home Finance Ltd is %.

What is the Face Value of Reliance Home Finance Ltd?

The Face Value of Reliance Home Finance Ltd is 10.0.

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 Reliance Home Finance 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