Home First Finance Company India Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 12:48 am

Market Cap	8,969 Cr.
Current Price	1,000
High / Low	1,383/777
Stock P/E	26.2
Book Value	257
Dividend Yield	0.34 %
ROCE	11.2 %
ROE	15.5 %
Face Value	2.00
PEG Ratio	0.95

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Ind Bank Housing Ltd	51.5 Cr.	51.5	87.9/34.6		121	0.00 %	7.86 %	%	10.0
Home First Finance Company India Ltd	8,969 Cr.	1,000	1,383/777	26.2	257	0.34 %	11.2 %	15.5 %	2.00
Aptus Value Housing Finance India Ltd	15,172 Cr.	304	402/286	22.5	80.3	1.48 %	14.7 %	17.2 %	2.00
Repco Home Finance Ltd	2,626 Cr.	420	595/366	6.17	494	0.71 %	10.5 %	14.6 %	10.0
PNB Housing Finance Ltd	22,578 Cr.	869	1,202/600	13.3	575	0.00 %	9.27 %	11.8 %	10.0
Industry Average	10,111.80 Cr	399.90		12.15	287.99	0.79%	11.06%	13.49%	5.64

All Competitor Stocks of

Quarterly Result

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Revenue	146	152	156	169	189	205	227	255	273	296	313	336	373
Interest	56	55	54	61	71	80	93	107	117	130	146	157	176
Expenses	32	36	37	40	47	48	52	60	62	65	58	68	75
Financing Profit	58	61	65	68	71	78	82	88	95	101	109	112	123
Financing Margin %	40%	40%	42%	40%	38%	38%	36%	34%	35%	34%	35%	33%	33%
Other Income	0	0	0	0	0	0	4	5	5	5	5	5	1
Depreciation	2	2	2	2	2	2	2	3	3	3	3	3	4
Profit before tax	56	59	63	66	69	76	84	90	96	103	111	114	120
Tax %	20%	22%	5%	23%	22%	22%	24%	23%	23%	23%	25%	23%	23%
Net Profit	45	46	60	51	54	59	64	69	74	79	83	88	92
EPS in Rs	5.13	5.25	6.87	5.84	6.19	6.69	7.27	7.84	8.43	8.92	9.43	9.87	10.34
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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Revenue	6	20	39	60	94	145	264	411	489	596	796	1,157	1,318
Interest	3	10	22	37	54	67	127	194	220	219	308	503	608
Expenses	5	8	12	16	26	41	75	111	127	143	183	242	265
Financing Profit	-2	2	5	7	14	38	63	106	142	234	304	412	445
Financing Margin %	-30%	12%	13%	12%	15%	26%	24%	26%	29%	39%	38%	36%	34%
Other Income	1	0	0	2	0	2	7	9	0	0	0	0	16
Depreciation	0	0	0	0	1	1	5	7	8	8	9	12	13
Profit before tax	-1	2	5	9	14	38	65	107	134	226	295	400	447
Tax %	0%	-10%	29%	33%	36%	34%	30%	26%	25%	18%	23%	24%
Net Profit	-1	3	3	6	9	25	46	80	100	186	228	306	342
EPS in Rs	-3.75	8.87	11.73	16.01	8.50	24.41	36.09	10.16	11.46	21.24	25.94	34.54	38.56
Dividend Payout %	0%	0%	2%	1%	0%	0%	0%	0%	0%	0%	10%	10%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
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%

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:	6%
1 Year:	1%

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	3	3	3	4	10	10	13	16	17	18	18	18	18
Reserves	46	93	96	146	298	323	510	918	1,363	1,556	1,800	2,104	2,272
Borrowings	53	117	255	369	665	1,022	1,926	2,494	3,054	3,467	4,813	7,302	8,867
Other Liabilities	1	3	6	78	18	17	33	53	76	76	108	110	152
Total Liabilities	102	216	359	597	990	1,372	2,482	3,480	4,510	5,117	6,739	9,534	11,309
Fixed Assets	0	0	1	1	3	5	17	21	17	20	26	30	32
CWIP	0	0	0	0	0	1	0	0	0	0	0	0	0
Investments	0	0	0	0	0	0	103	146	375	0	281	379	409
Other Assets	102	215	359	595	988	1,366	2,361	3,314	4,118	5,097	6,432	9,125	10,868
Total Assets	102	216	359	597	990	1,372	2,482	3,480	4,510	5,117	6,739	9,534	11,309

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	-823	-223	-807	-1,469	-1,908
Cash from Investing Activity +	-108	-615	804	-267	-217
Cash from Financing Activity +	893	900	411	1,353	2,470
Net Cash Flow	-38	62	408	-382	345

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-48.00	-109.00	-243.00	-353.00	-639.00	40.00	74.00	109.00	124.00	140.00	179.00	235.00

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

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

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	33.62%	33.60%	33.58%	33.56%	33.53%	33.46%	30.21%	30.19%	23.60%	23.56%	23.45%	23.38%
FIIs	12.07%	10.90%	9.49%	10.31%	9.37%	15.69%	17.56%	17.02%	24.83%	25.09%	24.73%	25.57%
DIIs	40.42%	40.48%	41.18%	6.42%	6.51%	8.41%	10.00%	9.96%	11.72%	11.84%	11.96%	12.41%
Public	13.88%	15.00%	15.74%	49.72%	50.58%	42.44%	42.24%	42.83%	39.84%	39.50%	39.85%	38.62%
Others	0.02%	0.02%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
No. of Shareholders	64,064	61,837	62,404	73,601	74,548	73,731	78,164	78,918	78,152	76,526	75,625	78,604

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Canara Robeco Small Cap Fund	862,324	0.81	102.31	450,000	2024-12-20	91.63%
Invesco India Smallcap Fund	632,102	1.43	72.88	450,000	2024-12-20	40.47%
Invesco India Multicap Fund	606,199	1.81	69.89	450,000	2024-12-20	34.71%
Invesco India ELSS Tax Saver Fund	495,329	1.91	57.11	450,000	2024-12-20	10.07%
Tata Banking and Financial Services Fund	450,000	2.25	51.89	450,000	2024-12-20	0%
Aditya Birla Sun Life Small Cap Fund	426,157	0.93	50.56	450,000	2024-12-20	-5.3%
Aditya Birla Sun Life Multi-Cap Fund	394,233	0.71	46.77	450,000	2024-12-20	-12.39%
Tata Flexi Cap Fund	400,000	1.5	46.12	450,000	2024-12-20	-11.11%
Edelweiss Mid Cap Fund	322,545	0.49	38.27	450,000	2024-12-20	-28.32%
Sundaram Aggressive Hybrid Fund	300,000	0.65	35.59	450,000	2024-12-20	-33.33%

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	34.65	26.01	21.26	12.37	10.81
Diluted EPS (Rs.)	33.67	25.20	20.85	12.18	10.57
Cash EPS (Rs.)	35.86	26.97	22.09	12.33	11.08
Book Value[Excl.RevalReserv]/Share (Rs.)	239.68	206.48	179.57	157.96	119.21
Book Value[Incl.RevalReserv]/Share (Rs.)	239.68	206.48	179.57	157.96	119.21
Dividend / Share (Rs.)	3.40	2.60	0.00	0.00	0.00
Revenue From Operations / Share (Rs.)	128.50	89.87	67.97	54.59	50.91
PBDIT / Share (Rs.)	102.98	69.14	51.29	41.40	39.39
PBIT / Share (Rs.)	101.66	68.11	50.43	40.53	38.46
PBT / Share (Rs.)	45.19	33.54	25.82	15.34	13.71
Net Profit / Share (Rs.)	34.54	25.94	21.24	11.46	10.16
PBDIT Margin (%)	80.14	76.93	75.45	75.83	77.35
PBIT Margin (%)	79.10	75.79	74.19	74.23	75.54
PBT Margin (%)	35.16	37.32	37.98	28.09	26.92
Net Profit Margin (%)	26.87	28.86	31.24	20.98	19.95
Return on Networth / Equity (%)	14.41	12.56	11.82	7.25	8.52
Return on Capital Employeed (%)	42.02	27.49	27.84	25.25	31.68
Return On Assets (%)	3.20	3.38	3.63	2.22	2.28
Long Term Debt / Equity (X)	0.00	0.19	0.00	0.00	0.00
Total Debt / Equity (X)	3.44	2.65	2.20	2.21	2.67
Asset Turnover Ratio (%)	0.13	0.13	0.12	0.11	0.13
Current Ratio (X)	1.28	1.47	1.44	1.44	1.36
Quick Ratio (X)	1.28	1.47	1.44	1.44	1.36
Dividend Payout Ratio (NP) (%)	7.49	0.00	0.00	0.00	0.00
Dividend Payout Ratio (CP) (%)	7.21	0.00	0.00	0.00	0.00
Earning Retention Ratio (%)	92.51	0.00	0.00	0.00	0.00
Cash Earning Retention Ratio (%)	92.79	0.00	0.00	0.00	0.00
Interest Coverage Ratio (X)	1.82	2.00	2.08	1.64	1.59
Interest Coverage Ratio (Post Tax) (X)	1.61	1.75	1.86	1.45	1.41
Enterprise Value (Cr.)	14428.35	11068.66	9539.36	6294.59	0.00
EV / Net Operating Revenue (X)	12.68	13.99	16.01	13.19	0.00
EV / EBITDA (X)	15.83	18.19	21.22	17.40	0.00
MarketCap / Net Operating Revenue (X)	6.99	8.29	11.32	8.22	0.00
Retention Ratios (%)	92.50	0.00	0.00	0.00	0.00
Price / BV (X)	3.75	3.61	4.28	2.84	0.00
Price / Net Operating Revenue (X)	6.99	8.29	11.32	8.22	0.00
EarningsYield	0.03	0.03	0.02	0.02	0.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 1,047.23

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 December 22, 2024, is Undervalued by 4.72% compared to the current share price 1,000.00

Intrinsic Value of as of December 22, 2024 is: 1,334.85

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 December 22, 2024, is Undervalued by 33.49% compared to the current share price 1,000.00

Last 5 Year EPS CAGR: 27.46%

*Investments are subject to market risks

Strength and Weakness

Unable to fetch valid data for stock valuation.

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 :
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: 26.2 (Industry average Stock P/E: 12.15)
  - 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.

INDUSTRY	ADDRESS	CONTACT
Finance - Housing	511, Acme Plaza, Mumbai Maharashtra 400059	corporate@homefirstindia.com http://www.homefirstindia.com

Management
Name	Position Held
Mr. Deepak Satwalekar	Chairman & Ind.Dire (Non-Exe)
Mr. Manoj Viswanathan	Managing Director & CEO
Ms. Sucharita Mukherjee	Ind. Non-Executive Director
Mr. Narendra Ostawal	Ind. Non-Executive Director
Ms. Geeta Dutta Goel	Ind. Non-Executive Director
Mr. Anuj Srivastava	Non Exe. & Nominee Director
Ms. Divya Sehgal	Non Exe. & Nominee Director
Mr. Maninder Singh Juneja	Non Exe. & Nominee Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 22 December 2024 is ₹1047.23, which is 4.72% higher than the current market price of ₹1,000.00. The stock has a market capitalization of 8,969 Cr. and recorded a high/low of 1,383/777 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹2,272 Cr and total liabilities of ₹11,309 Cr.

What is the Market Cap of ?

The Market Cap of is 8,969 Cr..

What is the current Stock Price of as on 22 December 2024?

The current stock price of as on 22 December 2024 is 1,000.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 1,383/777.

What is the Stock P/E of ?

The Stock P/E of is 26.2.

What is the Book Value of ?

The Book Value of is 257.

What is the Dividend Yield of ?

The Dividend Yield of is 0.34 %.

What is the ROCE of ?

The ROCE of is 11.2 %.

What is the ROE of ?

The ROE of is 15.5 %.

What is the Face Value of ?

The Face Value of is 2.00.