Home First Finance Company India Ltd Share Price

Finance - Housing - Large

NSE: HOMEFIRST Small Cap ISIN: INE481N01025

As on 22 January 2025 at 15:59 IST

₹987.45

-32.95

(-3.23%)

Sell Buy

About Home First Finance Company India Ltd

Home First Finance Company India Ltd. is a technology-driven housing finance company. It serves low and middle-income segments through affordable home loans. Founded in 2010, the company went public in 2021 with a successful IPO on BSE and NSE. Home First is headquartered in Mumbai, Maharashtra. It provides home purchase loans, home construction loans, home improvement loans, and plot loans with plot plus construction options. Operating in the Housing Finance sector, the company has established itself as a prominent player in the affordable housing segment. It leverages technology for loan processing and risk assessment. Read More...

Over 1 Month

2.01%

Over 6 Months

-7.19%

Over 1 Year

3.03%

Over 3 Years

28.05%

Home First Finance Company India Ltd Summary

Close ₹ 987.45

Open ₹ 1,021.65

High ₹ 1,029.95

Low ₹ 973.75

Volume 1,91,450

Net Turnover (in ₹) ₹ 30,56,79,592.10

52Wk High ₹ 1,383.30

52Wk Low ₹ 776.65

52Wk High / Low

776.65

1,383.30

Home First Finance Company India Ltd Fundamentals

Key Financial Data

Market Cap (in ₹Cr) ₹ 9,150.92

EPS (TTM) 38.17

Book Value (BV) 255.31

Div. Yield 0.33 %

P/E (TTM) 26.70

Price/Book Value 3.99

Delivery % 79.23 %

Face Value 2

Key Ratios

PE Ratio 26

PB Ratio 3.75

EV to Sales 12.48

PEG Ratio 0.78

ROA 3.24

ROE 15.52

Debt-Equity 3.08

Net Profit Margin 26.43

Operating Profit Margin 79.08

Home First Finance Company India Ltd Financials

Profit and Loss

Consolidated

Standalone

Yearly

Quarterly

No data available

Balance Sheet

No data available

Cash Flow

No data available

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Total Revenue	1,156.55	795.60	595.70	489.16	419.68
Total Expenses	756.59	500.38	369.41	355.12	312.34
Profit Before Tax	399.96	295.22	226.29	134.04	107.33
Profit After Tax	305.72	228.29	186.10	100.14	79.55
Operating Profit after Depreciation	399.96	295.22	226.29	134.04	107.33

Balance Sheet

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Fixed Assets	30.21	25.77	20.23	16.67	21
Total Non Current Assets	8,555.59	6,305.10	4,325.10	3,718.18	3,180.47
Total Current Assets	978.37	433.86	791.77	791.97	299.74
TOTAL ASSETS	9,533.96	6,738.96	5,116.86	4,510.15	3,480.21
Total Shareholder's Fund	2,121.49	1,817.34	1,573.68	1,380.54	933.43

Cash Flow

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Net Cash from Operating Activities	-1,907.68	-1,468.53	-807.03	-222.93	-823.19
Net Cash used in Investing Activities	-217.38	-266.59	803.96	-614.97	-108.07
Net Cash used in Financing Activities	2,469.98	1,352.92	411.41	899.60	893.26

No data available

Particulars (in ₹ Cr.)	2024-09	2024-06	2024-03	2023-12	2023-09
Total Revenue	372.92	336.42	312.76	296.31	273.33
Total Expenses	250.26	224.35	203.77	195.26	178.69
Profit Before Tax	-55.20	-43.25	-35.12	-27.47	-20.57
Profit After Tax	92.23	87.77	83.47	78.82	74.31
Operating Profit after Depreciation	123.98	116.98	113.98	105.75	99.29

Home First Finance Company India Ltd Technicals

Support and Resistance

S3 S2 S1 Pivot R1 R2 R3

S1 1,006.62

S2 992.83

S3 970.57

Pivot 1,028.88

R1 1,042.67

R2 1,064.93

R3 1,078.72

Moving Average

20 SMA 1,039.33

50 SMA 1,048.10

100 SMA 1,116.13

200 SMA 1,039.20

Home First Finance Company India Ltd Corporate Actions

Dividend

Bonus

Splits

Rights

AGM

EGM

Home First Finance Company India Ltd

₹3.4/Share

Announcement Date 07 Jun 2024

Record Date 07 Jun 2024

Div Yield 170%

AGM Date: 10 Jun 2022

Newspaper Publication intimating that the 13th Annual General Meeting of the Company will be held on Friday, June 10, 2022 at 02.00 p.m. (IST) through Video Conferencing / Other Audio Visual Means. We wish to inform you that the 13th Annual General Meeting ('AGM') of the Company is scheduled to be held on Friday, June 10, 2022, at 2:00 p.m. IST through Video Conferencing 'VC') / Other Audio-Visual Means ('OAVM') in accordance with the circulars and notifications issued by the Ministry of Corporate Affairs ('MCA') and the Securities and Exchange Board of India ('SEBI') to transact the businesses, as set forth in the Notice convening the AGM. (As Per BSE Announcement Dated on 17.05.2022) We enclose copies of newspaper advertisement published in Financial Express (English) and Mumbai Lakshdeep (Marathi), regarding e-voting information for 13th Annual General Meeting of the Company to be held on Friday, June 10, 2022 at 2:00 P.M. I.S.T, in compliance with Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 (As Per BSE Announcement dated on 18.05.2022) Summary of the proceedings/outcome and Voting results of the 13th Annual General Meeting of the Members of Home First Finance Company India Limited ('the Company') held on Friday, June 10, 2022. Scrutinizer's Report pursuant to Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014. Presentation made to the shareholders, by Mr. Manoj Viswanathan, Managing Director & CEO at the Annual General Meeting. (As per BSE Announcement Dated on 10/06/2022) Home First Finance Company India Ltd has informed BSE regarding the details of Voting results of AGM, under Regulation 44(3) of SEBI (LODR) Regulations, 2015. (As Per BSE Announcement Dated on 11.06.2022)

AGM Date: 08 Jun 2023

Annual General Meeting: The 14th Annual General Meeting will be held on Thursday, June 8, 2023. Integrated Annual Report for FY23 and Notice of the 14th Annual General Meeting. (As Per BSE Announcement Dated on 17/05/2023) Summary of the proceedings/outcome and Voting results of the 14th Annual General Meeting of the Members of Home First Finance Company India Limited ('the Company') held on Thursday, June 8, 2023. Voting results and Scrutinizers Report of the 14th Annual General Meeting of the Members of Home First Finance Company India Limited ('the Company') held on Thursday, June 8, 2023. (As per BSE Announcement Dated on 08/06/2023) Intimation for Alteration of Articles of Association (As Per BSE Announcement Dated on 09/06/2023)

AGM Date: 20 Jun 2024

AGM 20/06/2024 We wish to inform that the Board of Directors of the Company at its meeting held on Wednesday, May 8, 2024 had,inter alia, approved and recommended a final dividend of INR 3.40 per equity share for FY24, subject to the approval of shareholders at the 15th Annual General Meeting ('AGM') of the Company scheduled to be held on Thursday, June 20, 2024 (As Per BSE Announcement Dated on 27.05.2024) Presentation by the Managing Director and CEO at the 15th Annual General Meeting of the members of the Company held on Thursday, June 20, 2024. Voting Results and Scrutinizer Report of the 15th AGM of the Members of the Home First Finance Company India Limited held on Thursday, June 20, 2024. Appointment of M/s B S R & Co. LLP as Statutory Auditors of the Company. (As Per BSE Announcement dated on 20.06.2024)

Home First Finance Company India Ltd Peer Comparison

Company	Price	Market Cap (in ₹ Cr)
Home First Finance Company India Ltd	₹1,019.10	₹9,139.26
Bajaj Finance Ltd	₹7,287.05	₹4,51,065.82
Bajaj Finserv Ltd	₹1,715.55	₹2,73,915.37
Indian Railway Finance Corporation Ltd	₹142.40	₹1,86,095.53
Jio Financial Services Ltd	₹260.15	₹1,65,280.69
Power Finance Corporation Ltd	₹427	₹1,40,914.35

Home First Finance Company India Ltd News

Home First Finance Co. India to hold board meeting

On 28 January 2025

22 Jan 2025, 10:24 am

Board of Home First Finance Company India to consider fund raising via QIP

On 28 January 2025

21 Jan 2025, 07:53 pm

Home First Finance Company India allots 3.12 lakh equity shares under ESOP

17 Dec 2024, 10:24 am

Volumes spurt at Home First Finance Company India Ltd counter

Home First Finance Company India Ltd registered volume of 41.28 lakh shares by 14:14 IST on NSE, a 27.59 fold spurt over two-week average daily volume of 1.50 lakh shares

02 Dec 2024, 02:30 pm

Volumes soar at Home First Finance Company India Ltd counter

Home First Finance Company India Ltd clocked volume of 222.19 lakh shares by 10:47 IST on BSE, a 2801.5 times surge over two-week average daily volume of 7931 shares

02 Dec 2024, 11:00 am

Home First Finance Company India Ltd Stock Analysis

Annual revenue for Home First Finance Company India Ltd increased by 45.37% to ₹1,156.55 crore in FY 2024 from ₹795.60 crore in FY 2023.
Annual Net Profit for Home First Finance Company India Ltd increased by 33.91% to ₹305.72 crore in FY 2024 from ₹228.29 crore in FY 2023.
Promoter Shareholding in Home First Finance Company India Ltd decreased by 38.79% in the most recent quarter, from 23.38% in September 2024 to 14.31% in December 2024.
Home First Finance Company India Ltd delivered a 1-year return of 3.03% compared to the Nifty 50, which provided a return of 8.41% as of the last trading session.
Home First Finance Company India Ltd share price moved down by 3.23% from its previous close of INR ₹1,020.40. The latest Home First Finance Company India Ltd share price is INR ₹987.45.
Home First Finance Company India Ltd share price today has been at a low of 973.75 and a high of 1,029.95. Over the past 52 weeks, the Home First Finance Company India Ltd share price has seen a low of 776.65 and a high of 1,383.30.

About Home First Finance Company India Ltd

Home First Finance Company India Ltd. (HomeFirst) is a technology-driven housing finance company. It provides affordable home loans to customers from low and middle-income segments. The company primarily focuses on first-time homebuyers in tier 2 and tier 3 cities. Operating in the Housing Finance sector, HomeFirst has established itself as a prominent player in the affordable housing finance segment. The company leverages technology extensively for loan processing and risk assessment.

Founded in 2010, HomeFirst has been in business for many years. The company went public in 2021 with a successful IPO listing on both BSE and NSE. The company's headquarters is located in Mumbai, Maharashtra. The key promoter holders of the company are True North Fund V LLP and Aether (Mauritius) Ltd. They hold 14.07% and 9.31% of the total 23.38% of the stake.

The main products offered by HomeFirst include home purchase loans, home construction loans, home improvement loans, loan against property and plot loans and plot plus construction loans. While HomeFirst is not the #1 player in the housing finance sector, it has carved out a strong niche in the affordable housing segment. The company has shown consistent growth in its asset under management (AUM) and maintains high asset quality.

The registered office is located at 511 Acme Plaza, Andheri Kurla Road, Andheri (East), Mumbai - 400059, Maharashtra. KFin Technologies Limited serves as the registrar and share transfer agent.

The current management includes Manoj Viswanathan as the Managing Director & CEO. The company is guided by a board of directors with extensive experience in the banking, housing finance, and technology sectors.
The managerial promoters of the company include:

Deepak Satwalekar
Sucharita Mukherjee
Narendra Ostawal
Geeta Dutta Goel

HomeFirst differentiates itself through its technology-first approach and rapid loan processing. Also, it focuses on serving the underserved segments of the housing finance market.

Impact of the Company

Home First Finance Company India Ltd. has emerged as a significant catalyst in India's affordable housing finance sector. It is transforming the way low and middle-income families access housing finance. Through its technology-driven approach and focus on financial inclusion, the company has made substantial contributions to the government's "Housing for All" initiative while creating a sustainable business model.

Financial Inclusion and Social Impact
HomeFirst has played a crucial role in democratizing housing finance by serving customers who traditionally found it challenging to access formal lending channels. The company has helped thousands of families realize their dream of homeownership. This is done by focusing on first-time homebuyers in tier 2 and tier 3 cities. Their innovative credit assessment methods have enabled them to serve customers from informal income segments. This includes self-employed individuals and small business owners, who are often overlooked by traditional lenders.

Technological Innovation in Lending
The company's technology-first approach has revolutionized the housing finance sector. Their proprietary app-based loan processing system has significantly reduced turnaround times and improved efficiency. By leveraging data analytics and artificial intelligence, HomeFirst has created a robust risk assessment model that maintains high asset quality while serving underserved segments. This technological innovation has set new standards for the industry. Also, this has demonstrated how digital solutions can make lending more accessible and efficient.

Economic Contribution
HomeFirst's impact extends beyond individual homeowners to the broader economy. By facilitating housing finance in tier 2 and tier 3 cities, the company has contributed to urban development in these regions. Their lending activities have supported local construction industries, created employment opportunities, and stimulated economic growth in smaller cities. The company's focus on affordable housing aligns with government initiatives and helps address India's housing shortage.

Asset Quality and Business Sustainability
Despite operating in a potentially risky segment, HomeFirst has maintained exemplary asset quality through its robust risk assessment methods. Their low Non-Performing Assets (NPA) ratios show that serving the affordable housing segment can be both socially impactful and financially sustainable. This success has encouraged other lenders to enter the segment, ultimately benefiting more customers.

Growth and Market Presence
Since its start, HomeFirst has shown remarkable growth in its loan book while maintaining strong asset quality. The company's expanding presence across many states has helped it reach more customers. Their successful IPO in 2021 has provided additional capital for expansion and reinforced market confidence in their business model.

Customer-Centric Approach
The company's impact is particularly visible in its customer-centric approach. Their digital-first strategy, combined with physical presence through branches, provides customers with a convenient and efficient borrowing experience. The company's focus on transparency and quick processing has set new service standards in the housing finance sector.

Environmental and Governance Impact
HomeFirst has incorporated environmental and social considerations into its lending practices. By promoting affordable housing projects that meet quality standards, the company contributes to sustainable urban development. Their strong corporate governance practices have set benchmarks for other players in the sector.

HomeFirst's impact on India's housing finance sector extends far beyond its business metrics. The company has successfully demonstrated that technology, innovation, and social impact can go hand in hand with business sustainability. Their approach to serving underserved segments while maintaining high asset quality has created a replicable model for inclusive financing.