Home First Finance Company India Ltd

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HOMEFIRST •
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Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
38.81% Gain from 52W Low
22.3
TTM PE Ratio
High in industry
31.4
Price to Book Ratio
High in industry
4.5
Dividend yield 1yr %
Low in industry
0.3
TTM PEG Ratio
PEG TTM is less than 1
0.9
RSI
RSI is mid-range
57.6
MFI
MFI is mid-range
68.6

Home First Finance Company India Ltd shareholding Pattern

Promoter
23.4%
Foreign Institutions
24.7%
Mutual Funds
9.6%
Domestic Institutions
12%
Public
39.8%
Promoter
23.6%
Foreign Institutions
25.1%
Mutual Funds
9.6%
Domestic Institutions
11.8%
Public
39.5%
Promoter
23.6%
Foreign Institutions
24.8%
Mutual Funds
9.5%
Domestic Institutions
11.7%
Public
39.8%
Promoter
30.2%
Foreign Institutions
17%
Mutual Funds
7.9%
Domestic Institutions
10%
Public
42.8%
Promoter
30.2%
Foreign Institutions
17.6%
Mutual Funds
8%
Domestic Institutions
10%
Public
42.2%
Promoter
33.5%
Foreign Institutions
15.7%
Mutual Funds
5.8%
Domestic Institutions
8.4%
Public
42.4%

Home First Finance Company India Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
14
Bearish Moving Averages
2
5Day EMA
1,080.20
10Day EMA
1,073.10
12Day EMA
1,069.80
20Day EMA
1,051.60
26Day EMA
1,036.40
50Day EMA
990.40
100Day EMA
951.70
200Day EMA
918.40
5Day SMA
1,082.20
10Day SMA
1,066.50
20Day SMA
1,062.90
30Day SMA
1,033.80
50Day SMA
948.40
100Day SMA
919.00
150Day SMA
935.50
200Day SMA
929.60
Delivery & Volume
Resistance & Support
1,082.35
Pivot
Resistance
First Resistance
1,095.75
Second Resistance
1,113.40
Third Resistance
1,126.80
Support
First Support
1,064.70
Second support
1,051.30
Third Support
1,033.65
Relative Strength Index
57.61
Money Flow Index
68.61
MACD
33.32
MACD Signal
38.38
Average True Range
49.38
Average Directional Index
43.08
Rate of Change (21)
0.32
Rate of Change (125)
12.77
Peer comparison
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Market Cap
52W Low
52W High
Can Fin Homes Ltd.
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Indiabulls Housing Finance Ltd.
9852.1
106.9
209.56
Repco Home Finance Ltd.
3328.58
297
579
Aavas Financiers Ltd.
13745.38
1307.1
1978.25
Aptus Value Housing Finance India Ltd.
15967.17
260.5
388.1
India Shelter Finance Corporation Ltd.
7931.9
519
765.05

Home First Finance Company India Ltd Company background

Founded in: 2010
Managing director: Manoj Viswanathan
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 middleincome 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 selfemployed 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 44,796 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 loantovalue 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 walkin 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 welltrained frontend teams appraise customers by conducting home and workplace visits and ensure minimal disruption to a customers 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 202021, the Company expanded the distribution network to 72 branches as at March21. During the year 202021, 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 202021, the Company made an Initial Public Offer (IPO) of 2,22,72,556 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 51,15,830 Equity Shares by the Company and Offer for Sale of 1,71,56,726 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 202122, the Company expanded the distribution network to 80 branches as at March22 from 72 branches as at March 21. During the year 202122, the Company raised (i) Rs 911 Crores borrowings from bank / financial institutions (outstanding as on March22: Rs 2,103.70 crores), (ii) Rs 605.09 crores raised by way of Direct Assignment (iii) Rs 400 crores through refinance from NHB (outstanding as of March22: Rs 1,194.28 crores) and (iv) Rs 99 crores by way of NCDs (outstanding as of March22: Rs 168.78 crores).During year 202223, the Company expanded the distribution network to 111 branches as at March23 from 80 branches as at March 22. During the year 202223, the Company has raised (i) Rs 1860 Crores borrowings from banks / finance companies (outstanding as of March23: Rs 3,553.53 Crores), (ii) Rs 877.54 Crores raised by way of Direct Assignment Colending (iii) Rs 600 Crores through refinance from NHB (outstanding as of March23: Rs 912.99 Crores) and (iv) Rs 280 Crores by way of NCDs (outstanding as of March22: Rs 346.95 Crores).
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Home First Finance Company India Ltd FAQs

The past 1-year return of Home First Finance Company India Ltd [HOMEFIRST] share was 34.14. The Home First Finance Company India Ltd [HOMEFIRST] share hit a 1-year low of Rs. 777 and a 1-year high of Rs. 1195.

The Mutual Fund Shareholding was 9.65% at the end of .

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