Home First Finance Company India Ltd.
Snapshot View

589.60 -1.00 ▼-0.2%

05 August 2021, 04:00:00 P.M.
Volume: 6,426

Overview View Details

Sector Finance Compare with Sector peers
Industry Finance - Housing Compare with Industry peers
Website http://www.homefirstindia.com
Financial Indicators
Market Cap 5,167.71 Cr.
Earnings per share (EPS) 11.44 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 51.60 Trailing Twelve Months Ending 2021-03
Industry PE 54.57 Trailing Twelve Months Ending 2021-03
Book Value / Share 160.69 Trailing Twelve Months Ending 2021-03
Price to Book Value 3.68 Calculated using Price: 590.60
Dividend Yield 0.00 Period Ending 2021-03
No. of Shares Subscribed 8.75 Cr. 87,499,373 Shares
FaceValue 2
Company Profile

The company was incorporated as ‘Home First Finance Company India Private Limited’ at Bengaluru, Karnataka as a private limited company under the Companies Act, 1956, pursuant to the certificate of incorporation dated February 3, 2010 issued by the Registrar of Companies, Karnataka at Bengaluru. Subsequently, the company was converted to a public limited company and consequently the name of the company was changed to ‘Home First Finance Company India Limited’ and a fresh certificate of incorporation dated March 14, 2018 was issued by the Registrar of Companies, Maharashtra at Mumbai (RoC). The company is a technology driven affordable housing finance company that targets first time home buyers in low and middle-income groups. It primarily offers customers housing loans for the purchase or construction of homes.

It has increased the scale of its operations and grown its branches by adopting a strategy of contiguous expansion across regions and have strategically expanded to geographies where there is substantial demand for housing finance. The company utilizes a diverse range of lead sourcing channels such as connectors, architects, contractors, affordable housing developers, in addition to conducting loan camps and micro marketing activities, and utilizing employee and customer referrals and branch walk-in customers.

Business area of the company

The company primarily caters to the low and middle income groups by offering them housing loans to construct and buy homes. It further offers other loans like loans against property, developer finance loans, and loans to buy commercial property.

Products

  • Home Loans for Salaried Professionals
  • Home Loans for the Self Employed
  • Home Construction Loans
  • Home Extension & Renovation Loan
  • Loan Against Property
  • Home Loans for NRIs
  • Home Loans for Senior Citizens
  • Home Loan Balance Transfer
  • Home Loan Top Up
  • Shop Loans
  • Loans for purchase of Commercial Property

Major events and milestones

  • 2010: Incorporation of the company
  • 2010: Obtained certificate of registration from NHB with Jaithirth Rao and P. S. Jayakumar as the promoters of the company
  • 2011: Investment by Bessemer in the company
  • 2012: Change of its registered office to Mumbai
  • 2012: Expanded operations in Gujarat and Tamil Nadu
  • 2013: Approved 1,000 loans, and Gross Loan Assets of the company became Rs 689.5 million
  • 2013: CARE Credit Rating for long term bank facilities was BBB-
  • 2013: Investment by Alpha TC Holdings Pte Limited in the company
  • 2014: Company became profitable with Gross Loan Assets of Rs 1,629.1 million
  • 2014: CARE Credit Rating for long term bank facilities improved to BBB+
  • 2015: Company had customer base of 5,000 with Gross Loan Assets of Rs 3,368.3 million
  • 2016: Customer base crossed over 10,000 spread across over 25 cities and Gross Loan Assets of the company touched Rs 5,477.4 million
  • 2016: Further investment by Bessemer in the company and Alpha TC Holdings Pte Limited
  • 2016: CARE Credit Rating for long term bank facilities improved to A
  • 2017: Investment by TN V LLP and Aether in the company
  • 2017: ICRA Credit Rating for long term bank facilities improved to A+ and CARE Credit Rating for long term bank facilities improved to A
  • 2017: Gross Loan Assets became Rs 8,473.2 million
  • 2017: Exit of Alpha TC Holdings Pte Limited
  • 2018: Net worth of the company crossed Rs 5,000 million and Gross Loan Assets became Rs 13,559.3 million
  • 2018: Declassification of Jaithirth Rao as the promoter of the company
  • 2019: Customer base crossed over 30,000 with Gross Loan Assets touching Rs 24,435.7 million
  • 2019: Approved over 55,000 housing loans
  • 2019: Declassification of P. S. Jayakumar as the promoter of the company
  • 2020: Investment by Orange Clove in the company
  • 2020: The company was certified as a “Great Place to Work” by Great Place to Work Institute, India for a period from November, 2020 to October, 2021

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-0.17%
1 Week
+4.39%
1 Month
+10.04%
3 Month
+10.56%
6 Month
+7.59%
1 Year
2 Year
5 Year
7 years 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 3.47 4.84 2.95 5.14 10.92 11.01 8.72
Return on Capital Employed (%) 9.41 10.52 8.65 7.80 10.11 10.25 9.01
Return on Assets (%) 1.17 1.26 0.84 1.35 2.37 2.67 2.51

Balance Sheet View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Shh. Funds 50 99 102 154 306 325 523 933 1,381
Non Curr. Liab. 44 92 216 365 -1 -5 2 10 255
Curr. Liab. 8 25 42 78 685 1,050 1,956 2,537 2,874
Minority Int.
Equity & Liab. 102 216 359 597 991 1,371 2,480 3,480 4,510
Non Curr. Assets 69 163 325 507 796 1,320 2,255 3,180 3,718
Curr. Assets 33 52 35 90 195 51 225 300 792
Misc. Exp. not W/O
Total Assets 102 216 359 597 991 1,371 2,480 3,480 4,510

Profit Loss View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Net Sales 6 17 35 60 92 132 260 399 477
Other Income 1 3 4 2 2 11 21 12
Total Income 7 20 39 62 92 134 271 420 489
Total Expenditure -5 -8 -12 -16 -26 -42 -75 -111 -127
PBIDT 2 12 27 46 66 93 196 308 362
Interest -3 -10 -22 -37 -54 -66 -127 -194 -220
Depreciation 0 0 0 0 -2 -2 -5 -7 -8
Taxation 0 -1 -3 -4 -8 -20 -28 -34
Exceptional Items
PAT -1 3 3 6 7 16 46 80 100

Cash Flow View Details

Particulars 5 years 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. -273 -506 -791 -823 -223
Cash Fr. Inv. -14 56 -105 -108 -615
Cash Fr. Finan. 380 357 1,059 893 900
Net Change 93 -93 163 -38 62
Cash & Cash Eqvt 116 23 186 148 209

Shareholding Pattern View Details

8 Qtrs 2013-03 (%) 2014-06 (%) 2015-08 (%) 2016-07 (%) 2017-09 (%) 2018-07 (%) 2021-03 (%) 2021-06 (%)
Promoter 0.35 0.70 88.82 91.47 12.97 6.36 33.70 33.66
Public 99.65 99.30 11.18 8.53 87.03 93.64 66.30 66.34
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Tue, 03 Aug 2021
Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations 2015
Erroneously traded in the shares of the Company in violation of the Code of Conduct for Regulating Monitoring and Reporting of Trading (Code of Conduct) by the immediate relatives of the Designated Persons.
Mon, 02 Aug 2021
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Intimation of Schedule of Analyst / Institutional Investor meetings under the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015
Fri, 30 Jul 2021
Additional Information With Respect To The Notice Dated July 7 2021 For The 12Th Annual General Meeting Of The Company Scheduled To Be Held On August 5 2021
With reference to the captioned matter the Company is furnishing following additional information in relation to Items Nos. 2 4 and 5 set out in the AGM Notice for the kind attention of the members of the Company

Technical Scans View Details

Wed, 04 Aug 2021
Opening at Low Opening at Low
Close Within 52 Week High Zone Close Within 52 Week High Zone
MFI Trending Up MFI Trending Up
ROC Trending Up ROC Trending Up
Neckline Neckline

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