Incorporated in 2010, Home First Finance Company India Limited is a Housing
Finance Company. It is primarily engaged in the business of lending of
housing loans to first time home buyers in low and middle-income groups.
Outlook & Valuation: Home First has posted strong growth in NII of 58.6%
CAGR between FY18-20 while net profits have grown at a CAGR of 122.6%
during the same period. Despite the Covid-19 crisis the company’s asset
quality has remained largely stable with GNPA and NNPA largely stable at
0.7% and 0.5% respectively at the end of 1HFY2021. The company had a
CAR of 51.7% at the end of 1HFY2021which provides comfort. At the higher
end of the price band the stock would be trading at P/BV of 3.6x fully diluted
post issue book value of `143.4 per share. We expect the company to post
strong growth driven by strong demand for affordable housing. Given the
growth prospects, we recommend a SUBSCRIBE rating on the issue.
Home First Finance Company India
Published on 22nd January 2021
Related Post
KFin Technologies IPO
Incorporated in 2017, KFin Technologies Limited is a leading technology-driven financial s…
Sula Vineyards Limited IPO
Incorporated in 2003, Sula Vineyards Limited is Indias largest wine producer and seller as…
Archean Chemical Industries Limited IPO
Incorporated in 2009, Archean Chemical is a leading specialty marine chemical manufacturer…
Five Star Business Finance Ltd IPO
Incorporated in 1984, Five Star Business Finance Ltd (FSBFL) is an NBFC-ND-SI (Non-Banking…
Kaynes Technology India Ltd IPO
Incorporated in 2008, Kaynes Technology India Limited (KTIL) is a leading end-to end and I…
Global Health Limited IPO
Incorporated in 2004, Global Health Limited (GHL) is one of the largest private multi-spec…
Bikaji Foods International Limited IPO
Incorporated in 1995, Bikaji Foods International Limited (Bikaji Foods) is among the India…
Fusion Micro Finance Limited IPO
Incorporated in 1994, Fusion Micro Finance Limited (FML) is one of the youngest companies …
DCX Systems Limited IPO
Incorporated in 2011, DCX Systems Limited (DSL) is among the leading Indian players in the…
Electronics Mart India Limited IPO
Incorporated in 1980, Electronics Mart India Limited (EMIL) is the 4th largest consumer du…
KFin Technologies IPO
Incorporated in 2017, KFin Technologies Limited is a leading technology-driven financial s…
Sula Vineyards Limited IPO
Incorporated in 2003, Sula Vineyards Limited is Indias largest wine producer and seller as…
Archean Chemical Industries Limited IPO
Incorporated in 2009, Archean Chemical is a leading specialty marine chemical manufacturer…
Five Star Business Finance Ltd IPO
Incorporated in 1984, Five Star Business Finance Ltd (FSBFL) is an NBFC-ND-SI (Non-Banking…
Kaynes Technology India Ltd IPO
Incorporated in 2008, Kaynes Technology India Limited (KTIL) is a leading end-to end and I…
Global Health Limited IPO
Incorporated in 2004, Global Health Limited (GHL) is one of the largest private multi-spec…
Bikaji Foods International Limited IPO
Incorporated in 1995, Bikaji Foods International Limited (Bikaji Foods) is among the India…
Fusion Micro Finance Limited IPO
Incorporated in 1994, Fusion Micro Finance Limited (FML) is one of the youngest companies …
DCX Systems Limited IPO
Incorporated in 2011, DCX Systems Limited (DSL) is among the leading Indian players in the…
Electronics Mart India Limited IPO
Incorporated in 1980, Electronics Mart India Limited (EMIL) is the 4th largest consumer du…
KFin Technologies IPO
Incorporated in 2017, KFin Technologies Limited is a leading technology-driven financial s…
Sula Vineyards Limited IPO
Incorporated in 2003, Sula Vineyards Limited is Indias largest wine producer and seller as…
Archean Chemical Industries Limited IPO
Incorporated in 2009, Archean Chemical is a leading specialty marine chemical manufacturer…
Five Star Business Finance Ltd IPO
Incorporated in 1984, Five Star Business Finance Ltd (FSBFL) is an NBFC-ND-SI (Non-Banking…
Kaynes Technology India Ltd IPO
Incorporated in 2008, Kaynes Technology India Limited (KTIL) is a leading end-to end and I…
Global Health Limited IPO
Incorporated in 2004, Global Health Limited (GHL) is one of the largest private multi-spec…
Bikaji Foods International Limited IPO
Incorporated in 1995, Bikaji Foods International Limited (Bikaji Foods) is among the India…
Fusion Micro Finance Limited IPO
Incorporated in 1994, Fusion Micro Finance Limited (FML) is one of the youngest companies …
DCX Systems Limited IPO
Incorporated in 2011, DCX Systems Limited (DSL) is among the leading Indian players in the…
Electronics Mart India Limited IPO
Incorporated in 1980, Electronics Mart India Limited (EMIL) is the 4th largest consumer du…
