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Home First Finance Company India Ltd

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NSEBSE

834.00-5.10 (-0.61%)

12:00 AM,22nd Sep 2023

833.75-4.60 (-0.55%)

12:00 AM,22nd Sep 2023

BSE : 543259

NSE : HOMEFIRST

Sector : Financials

ISIN Code : INE481N01025

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Last Updated: Sep 22 2023 | 12:00 AM IST

Market Cap (₹ Cr)

7351

Turnover (₹ Cr)

0.48

Volume (Shares)

57824

Face Value

2

52-WK High

922.00

52-WK High Date

17 Aug 2023

52-WK Low

652.00

52-WK Low Date

14 Nov 2022

All Time High

1004.55

All Time High Date

16 Aug 2022

All Time Low

440.00

All Time Low Date

12 Apr 2021

Home First Finance Company India Ltd

Home First Finance Company India Limited was incorporated as a private limited company with the name `Home First Finance Company India Private Limited' at Bengaluru Karnataka on February 3 2010. Subsequently the Company was converted into a public limited company and consequently the name of the Company was changed to `Home First Finance Company India Limited' on March 14 2018.The Company is a technology driven affordable housing finance company registered with Reserve Bank of India (RBI) and the National Housing Bank (NHB) 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. The Company is primarily engaged in the business of lending of housing loans loans for the purpose of purchasing a commercial property loan against property and construction finance.The Company serves salaried and self-employed customers. Salaried customers account for 73.1% of its Gross Loan Assets and selfemployed customers account for 25.0% of Gross Loan Assets as of September 30 2020. The Company serviced 44796 active loan accounts as of September 30 2020. The Company also offers other types of loans comprising loans against property developer finance loans and loans for purchase of commercial property which comprised 5.1% 1.9% and 0.9% of its Gross Loan Assets as of September 30 2020 respectively. As of the same date 32.8% of its Gross Loan Assets were from customers who were new to credit. The average ticket size of its housing loans was Rs. 1.01 million with an average loan-to-value on Gross Loan Assets of 48.8% as of September 30 2020. As of September 30 2020 and March 31 2020 its Stage 3 Loan Assets expressed as a percentage of its Gross Loan Assets were 0.74% and 0.87% respectively.As of September 30 2020 the company had a network of 70 branches covering over 60 districts in 11 states and a union territory in India with a significant presence in urbanized regions in the states of Gujarat Maharashtra Karnataka and Tamil Nadu. It has increased the scale of operations and grown its branches by adopting a strategy of contiguous expansion across regions and has strategically expanded to geographies where there is substantial demand for housing finance. According to the CRISIL Report the 11 states and union territory in which the company is present accounted for approximately 79% of the affordable housing finance market in India during the financial year 2019. 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.The Company has leveraged technology in various facets of its business such as processing loan applications managing customer experience and risk management. It has developed a paperless process to onboard customers efficiently and its well-trained front-end teams appraise customers by conducting home and workplace visits and ensure minimal disruption to a customer's daily routine. The Company offers mobility solutions through dedicated mobile applications for its customers to enable quick and transparent loan related transactions. It has an integrated customer relationship management and loan management system set up on a leading cloud based customer relationship platform providing it with a holistic view of all its customers. The Company utilizes proprietary machine learning customer scoring models to assist it with the centralized credit underwriting process which has led to consistent and accurate credit evaluation with quick turn around times.The Company was founded by Jaithirth Rao P. S. Jayakumar and Manoj Viswanathan and commenced its operations in August 2010. The company is managed by professionals and its Promoters are True North Fund V LLP and Aether (Mauritius) Limited. Further Bessemer and Orange Clove Investments B.V. (an affiliate of Warburg Pincus a global private equity investor) has acquired a stake in the Company.During year 2020-21 the Company expanded the distribution network to 72 branches as at March'21. During the year 2020-21 the Company issued Secured Rated Listed Redeemable Taxable Non Convertible Debentures on a Private Placement basis aggregating to Rs 240 Crores which are listed on the Wholesale Debt Segment on BSE Limited. In the Equity Segment the Company raised Rs 75 Crores as primary capital by issue and allotment of Equity Shares to Orange Clove Investments B.V. - an affiliate of the Warburg Pincus Group.During the year 2020-21 the Company made an Initial Public Offer (IPO) of 22272556 Equity Shares of a face value of Rs 2 each for cash at a price of Rs 518 per Equity Share (including a share premium of Rs 516 per Equity Share). The offer comprised a fresh issue of 5115830 Equity Shares by the Company and Offer for Sale of 17156726 Equity Shares by True North Fund V LLP Aether (Mauritius) Limited (Promoters) and Bessemer India Capital Holdings II Ltd Mr. P. S. Jayakumar and Mr. Manoj Viswanathan (Investor and Individual Selling Shareholders). The Equity Shares of Company were listed on the BSE Limited (BSE) and National Stock Exchange of India Limited (NSE) on February 3 2021.During year 2021-22 the Company expanded the distribution network to 80 branches as at March'22 from 72 branches as at March' 21. During the year 2021-22 the Company raised (i) Rs 911 Crores borrowings from bank / financial institutions (outstanding as on March'22: Rs 2103.70 crores) (ii) Rs 605.09 crores raised by way of Direct Assignment (iii) Rs 400 crores through re-finance from NHB (outstanding as of March'22: Rs 1194.28 crores) and (iv) Rs 99 crores by way of NCDs (outstanding as of March'22: Rs 168.78 crores).During year 2022-23 the Company expanded the distribution network to 111 branches as at March'23 from 80 branches as at March' 22. During the year 2022-23 the Company has raised (i) Rs 1860 Crores borrowings from banks / finance companies (outstanding as of March'23: Rs 3553.53 Crores) (ii) Rs 877.54 Crores raised by way of Direct Assignment & Co-lending (iii) Rs 600 Crores through re-finance from NHB (outstanding as of March'23: Rs 912.99 Crores) and (iv) Rs 280 Crores by way of NCDs (outstanding as of March'22: Rs 346.95 Crores).

Home First Finance Company India Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

7351

EPS - TTM (₹) [S]

27.92

P/E Ratio (X) [S]

4.05

Face Value (₹) 2
Latest Dividend (%)130.00
Latest Dividend Date 19 May 2023
Dividend Yield (%) 0.31
Book Value Share (₹) [S]206.12
P/B Ratio (₹) [S]4.05
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Invesco India Smallcap Fund - Regular (G) 57.95 694651 2.20
Invesco India Smallcap Fund - Regular (IDCW) 57.95 694651 2.20
Invesco India Smallcap Fund - Direct (G) 57.95 694651 2.20
Invesco India Smallcap Fund - Direct (IDCW) 57.95 694651 2.20
Invesco India Growth Opportunities Fund (G) 51.57 618133 1.27
Invesco India Growth Opportunities Fund-Dir (G) 51.57 618133 1.27
Invesco India Multicap Fund (G) 47.69 571655 1.77
Invesco India Multicap Fund (IDCW) 47.69 571655 1.77
Invesco India Multicap Fund - Direct (G) 47.69 571655 1.77
Sundaram Aggressive Hybrid Fund - (G) 41.74 500363 1.18

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Research Reports

Date BrokerActionPrices(Rs)Report
21-10-2022Edelweiss Buy 805

Stock Strength

Today's Low/High

829.75

848.85

Week Low/High

829.75

865.00

Month Low/High

812.05

880.00

Year Low/High

652.00

922.00

All time Low/High

441.00

1005.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-1.78%-1.82%-2.70-2.57%
1 Month-2.71%-2.73%1.211.43%
3 Month10.96%10.82%4.384.81%
6 Month20.20%20.22%13.6615.00%
1 Year-8.04%-8.19%11.6511.60%
3 Year%%74.9376.39%

Financials

Graph
Table

Bulk/ Block

ALL
NSE
BSE
ALL
BUY
SELL
DateClient NameExchangeTransactionQuantityPrice
15-05-2023AETHER MAURITIUS LIMITEDNSESELL1131428700.00
15-05-2023NORGES BANK ON ACCOUNT OF THE GOVERNMENT PENSION FUND GLOBALNSEBUY2100000700.00
15-05-2023ORANGE CLOVE INVESTMENTS B.V.NSESELL1885714700.00
15-05-2023SOCIETE GENERALENSEBUY710000700.00
15-05-2023TRUE NORTH FUND V LLPNSESELL1697143700.97
09-03-2023BESSEMER INDIA CAPITAL HOLDINGS II LIMITEDNSESELL6811313686.07
09-03-2023FIDELITY FUNDS - ASIAN SMALLER COMPANIES POOLNSEBUY493627685.00
09-03-2023MANSI SHARES & STOCK ADVISORS PVT LTDNSESELL611747686.41
09-03-2023MANSI SHARES & STOCK ADVISORS PVT LTDNSEBUY575748686.39
09-03-2023THE NOMURA TRUST AND BANKING CO. LTD AS THE TRUSTEE OF NOMURA INDIAN STOCK MOTHER FUNDNSEBUY700000685.00

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Peer Group Comparison

NamePrice(In Rs)Chg(%)Mkt Cap(Rs Cr)Sales(Rs Cr)Profit(Rs Cr)EPS(Rs)P/E(x)

Shareholding Pattern

Jun 2023
Archive
CategoryShare(%)
Promoter30.21
Financial Institutions Banks0.00
Foreign Institutional Investors17.55
Insurance Companies0.41
Mutual Funds Uti7.95
Other Institutional Investors1.64
Indian Public10.17
Others Non Institutional Investors32.06
Custodians0.00

Corporate Action

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Price History

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Company Info

Company Information

Nominee : DIVYA SEHGAL

Nominee : MANINDER SINGH JUNEJA

Managing Director & CEO : Manoj Viswanathan

Registered Office: 511 Acme Plaza, Andheri Kurla Road Andheri (E),Mumbai,Maharashtra-400059 Ph: 91-22-6694 0386 / 8880549911

Email:corporate@homefirstindia.com

URL:http://www.homefirstindia.com