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Raymond Moses: Unleashing the Financial Potential of Billions!
BSE: 543259 | NSE: HOMEFIRST | Finance - Housing | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Home First Finance Company India Ltd is a average quality company.
The key valuation ratios of Home First Finance Company India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Home First Finance Company India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Income (₹ Cr.) | 34.8 | 59.7 | 91.6 | 132 | 260 | 399 | 489 | 596 | 791 | 1,137 | 1,315 | |
| YoY Gr. Rt. % | - | 71.4% | 53.5% | 44.2% | 96.8% | 53.3% | 22.7% | 21.8% | 32.8% | 43.8% | - | |
| Adj EPS (₹ ) | 2.3 | 3.2 | 1.3 | 3.1 | 7.2 | 10.2 | 11.5 | 21.2 | 25.9 | 34.5 | 38.4 | |
| YoY Gr. Rt. % | - | 35.6% | -59.2% | 140.3% | 132.9% | 40.7% | 12.8% | 85.3% | 22.1% | 33.2% | - | |
| BVPS (₹ ) | 68.9 | 79.8 | 58.7 | 61.8 | 81.9 | 118.3 | 156.9 | 178 | 203.8 | 235.3 | 256.6 | |
| YoY Gr. Rt. % | - | 15.7% | -26.4% | 5.3% | 32.4% | 44.5% | 32.6% | 13.5% | 14.5% | 15.5% | - | |
| To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ | ||||||||||||
| Net Profit/Total Funds (%) | 1.2 | 1.3 | 0.8 | 1.4 | 2.4 | 2.7 | 2.5 | 3.8 | 3.8 | 3.7 | 0 | |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 47.3% | 34.3% | 32.5% | 43.8% | ||||||||
| Adj EPS | 34.9% | 36.8% | 44.5% | 33.2% | ||||||||
| BVPS | 14.6% | 23.5% | 14.5% | 15.5% | ||||||||
| Share Price | - | - | 16.8% | 30.4% | ||||||||
| RATIOS \ YEARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Quality Ratio | To view Asset Quality Ratio Colour Rating Guide click here ⓘ | |||||||||||
| Net NPA to Net Advances (%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
| Capitalization Ratio | To view Capitalization Ratio Colour Rating Guide click here ⓘ | |||||||||||
| Capital Adequacy Ratio (%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
| Margins | ||||||||||||
| Net Profit Margin (%) | 9.7 | 10.1 | 7.3 | 12.1 | 17.6 | 20 | 20.5 | 31.2 | 28.9 | 26.9 | 26 | |
| Performance Ratios | To view Performance Ratios Colour Rating Guide click here ⓘ | |||||||||||
| Return on Equity (%) | 3.5 | 4.8 | 3 | 5.1 | 10.9 | 11 | 8.7 | 12.7 | 13.6 | 15.8 | 15 | |
Return on Equity has increased versus last 3 years average to 15.60%
Total Income has increased 32.49 CAGR in last 3 years
Net Profit has increased 44.45 CAGR in last 3 years
Total income growth is good in last 4 quarters
No data to display
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 38.4 | - |
| TTM Sales (₹ Cr.) | 1,315 | - |
| BVPS (₹.) ⓘ | 256.6 | - |
| Reserves (₹ Cr.) ⓘ | 2,272 | - |
| P/BV ⓘ | 4.64 | - |
| PE ⓘ | 31.06 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 777.00 / 1383.05 |
| All Time Low / High (₹) | 441.00 / 1383.05 |
| Market Cap (₹ Cr.) | 10,633 |
| Equity (₹ Cr.) | 17.9 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 20.1 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income | 39 | 62 | 92 | 134 | 271 | 420 | 489 | 596 | 796 | 1,157 |
| Interest Income | 35 | 60 | 92 | 132 | 260 | 399 | 489 | 596 | 791 | 1,137 |
| Other Income ⓘ | 4 | 2 | 0 | 2 | 11 | 21 | 0 | 0 | 5 | 19 |
| Expenditure ⓘ | 34 | 53 | 81 | 110 | 206 | 312 | 355 | 369 | 500 | 757 |
| Interest Expense ⓘ | 22 | 37 | 54 | 66 | 127 | 194 | 221 | 219 | 308 | 503 |
| Operating Expenses ⓘ | 11 | 15 | 24 | 39 | 69 | 98 | 98 | 120 | 163 | 217 |
| Provisions | 1 | 1 | 3 | 5 | 11 | 21 | 37 | 30 | 29 | 37 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 5 | 9 | 10 | 24 | 65 | 107 | 134 | 226 | 295 | 400 |
| Taxes ⓘ | 1 | 3 | 4 | 8 | 20 | 28 | 34 | 40 | 67 | 94 |
| Profit After Tax | 3 | 6 | 7 | 16 | 46 | 80 | 100 | 186 | 228 | 306 |
| Adjusted EPS (₹) | 2.3 | 3.2 | 1.3 | 3.1 | 7.2 | 10.2 | 11.5 | 21.2 | 25.9 | 34.5 |
| Dividend Payout Ratio (%) | 1% | 1% | 0% | 0% | 0% | 0% | 0% | 0% | 10% | 10% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Equity Capital | 102 | 154 | 306 | 325 | 523 | 933 | 1,381 | 1,574 | 1,817 | 2,121 |
| Share Capital ⓘ | 6 | 8 | 10 | 10 | 13 | 16 | 17 | 18 | 18 | 18 |
| Reserves ⓘ | 96 | 146 | 296 | 315 | 510 | 918 | 1,363 | 1,556 | 1,800 | 2,104 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Borrowings | 215 | 368 | 655 | 1,015 | 1,927 | 2,494 | 3,065 | 3,471 | 4,817 | 7,301 |
| Current Liabilities | 42 | 78 | 30 | 30 | 46 | 76 | 94 | 117 | 197 | 227 |
| Trade Payables | 1 | 2 | 3 | 1 | 1 | 0 | 5 | 6 | 15 | 11 |
| Short term borrowings | 2 | 3 | 8 | 0 | 0 | 10 | 0 | 2 | 0 | 6 |
| Other Liabilities | -3 | -4 | -11 | -1 | -1 | -10 | -5 | -9 | -15 | -17 |
| Total Liabilities ⓘ | 359 | 599 | 991 | 1,371 | 2,496 | 3,503 | 4,539 | 5,161 | 6,831 | 9,649 |
Assets | ||||||||||
| Non Current Asset | 325 | 510 | 797 | 1,320 | 2,255 | 3,035 | 3,344 | 4,325 | 6,022 | 8,174 |
| Loan Asset | 302 | 473 | 761 | 1,273 | 1,997 | 2,724 | 3,018 | 3,817 | 5,094 | 6,748 |
| Other Non Current Asset ⓘ | 23 | 37 | 35 | 47 | 259 | 311 | 326 | 508 | 928 | 1,426 |
| Current Asset | 35 | 90 | 195 | 51 | 241 | 468 | 1,196 | 836 | 809 | 1,475 |
| Current Investment | 0 | 0 | 0 | 0 | 0 | 146 | 375 | 0 | 281 | 379 |
| Other Current Asset | 35 | 90 | 195 | 51 | 241 | 322 | 821 | 836 | 528 | 1,096 |
| Total Assets ⓘ | 359 | 599 | 991 | 1,371 | 2,496 | 3,503 | 4,539 | 5,161 | 6,831 | 9,649 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -134 | -151 | -273 | -506 | -791 | -823 | -223 | -807 | -1,469 | -1,908 |
| Cash Flow From Investing Activity ⓘ | 11 | 8 | -14 | 56 | -105 | -108 | -615 | 804 | -267 | -217 |
| Cash Flow From Financing Activity ⓘ | 117 | 190 | 380 | 357 | 1,059 | 893 | 900 | 411 | 1,353 | 2,470 |
| Net Cash Flow ⓘ | -6 | 46 | 93 | -93 | 163 | -38 | 62 | 408 | -382 | 345 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Operational & Financial Ratios |
||||||||||
| EPS (₹) | 12 | 16 | 6 | 16 | 36 | 10 | 11 | 21 | 26 | 35 |
| DPS (₹) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 3 |
| BVPS (₹) | 345 | 399 | 294 | 309 | 409 | 118 | 157 | 178 | 204 | 235 |
Performance Ratios | ||||||||||
| ROA (%) | 1.2 | 1.3 | 0.8 | 1.4 | 2.4 | 2.7 | 2.5 | 3.8 | 3.8 | 3.7 |
| ROE (%) | 3.5 | 4.8 | 3.0 | 5.1 | 10.9 | 11.0 | 8.7 | 12.7 | 13.6 | 15.8 |
| ROCE (%) | 9.4 | 9.8 | 8.3 | 7.8 | 10.1 | 10.3 | 9.0 | 9.4 | 10.3 | 11.3 |
Valuation Parameters | ||||||||||
| Price/Book(x) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 2.9 | 4.3 | 3.7 | 3.8 |
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
Major events and milestones
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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