Stock Snapshot
Price Performance
Recommendation Rationale
Favorable growth outlook supported by strong AUM growth and urban expansion.
Basis of our Recommendation
Home First Finance Company is positioned for strong growth, with a projected 25% AUM increase and stable margins. The company benefits from urban expansion and improved asset quality, although it faces competitive pressures and challenges in the housing demand sector. Overall, the outlook remains positive for FY27.
Why We Like This Stock
- Projected 25% AUM growth for FY27
- Stable margins despite competitive intensity
- Improved asset quality and increased disbursements
Things To Watch Out For
- Competitive intensity impacting margins
- Challenges in housing demand
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 654 | 820 | 1,123 | 1,421 | 1,741 |
| Profit Before Tax (Cr.) | 400 | 502 | 708 | 1,042 | 1,283 |
| PBT Margin | 61.2% | 61.2% | 63.0% | 73.3% | 73.7% |
| Net Profit (Cr.) | 306 | 388 | 541 | 793 | 977 |
| EPS | 29.3 | 37.1 | 51.8 | 75.9 | 93.5 |
Company Overview
Show Company Profile
Home First Finance Company India Limited operates as a housing finance company in India. The company offers home, self-construction, renovation, mortgage, shop, and resale, as well as top-up loans. It also provides insurance loan products and loans through mobile applications. The company serves salaried professionals, self-employed individuals, informal earners, and small business owners, as well as corporates. Home First Finance Company India Limited was incorporated in 2010 and is headquartered in Mumbai, India.