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Stock Analysis

Description

Home First Finance Company India (HFFC) is a Housing Finance Company that offers home loans with rapid sanctions and a hassle-free process, focusing on technology-driven affordable housing finance for low- and middle-income segments.

Key Growth Triggers

The company's focus on technology-driven affordable housing finance, catering to first-time homebuyers from low- and middle-income segments, presents a significant growth opportunity. Its customer-centric model, pan-India distribution, and robust funding are key drivers.

Order Book

Currently no data available for Order Book.

Key Red Flags

Stock is trading at 2.76 times its book value. Promoter holding is low at 12.4%. The company also has a low interest coverage ratio.

Key Dates To Watch

January 23, 2026: Home First Finance Company India Ltd's Q3 FY26 Earnings Conference Call.

Corporate Announcements

8th Apr 26

Impact Rating: 3

Home First Finance Company India Ltd submitted a certificate from its registrar KFin Technologies, confirming compliance with SEBI regulations on securities dematerialization for the quarter ending March 31, 2026.

6th Apr 26

Impact Rating: 7

Home First Finance has received an ESG score of 71 from NSE Sustainability Ratings and Analytics Limited, a key SEBI-registered ESG Rating Provider.

31st Mar 26

Impact Rating: 6

Home First Finance India Limited closes its trading window for designated persons from April 1, 2026. It reopens 48 hours post-declaration of audited Q4/FY26 results. Board meeting date for results will be announced separately.

2nd Mar 26

Impact Rating: 8

Aether (Mauritius) Limited has completed the open market sale of 2,738,182 equity shares in Home First Finance Company India Limited, reducing its stake to 2,359,176 shares or 2.27%.

2nd Mar 26

Impact Rating: 8

Fidelity International has expanded its shareholding in Home First Finance Company India Limited through open market purchases, raising its stake to 9.50% from the previous 7.17%.

Peer Comparision

S.No.	Name	Current Price (Rs.)	Price to Earning	Market Capitalization (Rs.Cr.)	Dividend yield (%)	Net Profit latest quarter (Rs.Cr.)	YOY Quarterly profit growth (%)	Sales latest quarter (Rs.Cr.)	YOY Quarterly sales growth (%)	Return on capital employed (%)	Sales (Rs.Cr.)	OPM (%)	Profit after tax (Rs.Cr.)	Profit after tax latest quarter (Rs.Cr.)	Price to book value	Return on assets (%)	Debt to equity
1.	Bajaj Housing	96.95	34.22	80781.98	0.00	642.96	17.84	2754.85	14.30	9.55	10327.38	90.96	2360.96	642.96	3.81	2.35	4.44
2.	Piramal Finance.	1811.30	66.15	41058.13	0.00	326.99	150.22	2871.55	21.42	7.73	10150.20	58.14	620.66	407.79	1.50	0.60	2.61
3.	LIC Housing Fin.	539.90	5.38	29697.90	1.85	1349.37	1.62	7179.25	3.48	8.93	28804.92	93.85	5521.36	1349.25	0.77	1.80	7.08
4.	PNB Housing	1007.85	11.95	26255.36	0.50	626.49	32.82	2167.91	16.08	9.46	8184.49	93.96	2196.76	626.49	1.46	2.52	3.62
5.	Aadhar Hsg. Fin.	499.70	21.94	21676.80	0.00	266.47	17.12	897.13	17.38	11.42	3375.53	76.35	987.93	266.47	3.14	4.31	2.55
6.	Aptus Value Hou.	287.10	17.05	14375.75	1.57	226.55	24.50	544.04	29.11	15.05	1998.39	84.25	843.33	226.55	3.09	7.42	1.57
7.	Can Fin Homes	949.80	13.73	12646.98	1.26	251.43	18.89	1049.45	9.04	9.34	4054.47	91.95	921.34	251.43	2.32	2.20	6.61
8.	Home First Finan	1070.30	24.56	11122.90	0.35	131.85	42.96	477.32	28.00	11.35	1751.54	79.60	452.81	131.85	2.76	3.51	2.40
–	Median: 16 Co.	460.8	17.05	11966.9	0.42	195.24	24.75	605.53	14.98	9.82	2262.96	77.97	611.96	195.24	1.58	2.44	2.67

Quarterly Results

Standalone figures in ₹ crores

	Dec 2022	Dec 2023	Dec 2024	Jun 2023	Jun 2024	Jun 2025	Mar 2023	Mar 2024	Mar 2025	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Sales	–	–	–	–	–	–	–	–	–	–	–	–	–
Expenses	48	65	81	60	68	94	52	58	84	47	62	75	99
Operating Profit	–	–	–	–	–	–	–	–	–	–	–	–	–
Other Income	0	5	2	5	5	2	4	5	2	0	5	1	2
Profit before tax	76	103	130	90	114	156	84	111	138	69	96	120	173
Tax %	22%	23%	25%	23%	23%	24%	24%	25%	24%	22%	23%	23%	24%
Net Profit	59	79	97	69	88	119	64	83	105	54	74	92	132
EPS in Rs	6.69	8.92	10.86	7.84	9.87	11.52	7.27	9.43	11.63	6.19	8.43	10.34	12.73

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	–	–	–	–	–	–	–	–	–	–	–	–	–
Expenses	8	12	16	26	41	75	111	127	143	183	242	303	357
Operating Profit	–	–	–	–	–	–	–	–	–	–	–	–	–
Other Income	0	0	2	0	2	7	9	0	0	0	0	0	6
Interest	10	22	37	54	67	127	194	220	219	308	503	719	786
Depreciation	0	0	0	1	1	5	7	8	8	9	12	16	17
Profit before tax	2	5	9	14	38	65	107	134	226	295	400	502	597
Net Profit	3	3	6	9	25	46	80	100	186	228	306	382	453
EPS in Rs	8.87	11.73	16.01	8.50	24.41	36.09	10.16	11.46	21.24	25.94	34.54	42.43	46.74
Dividend Payout %	0%	2%	1%	0%	0%	0%	0%	0%	0%	10%	10%	9%	–

Balance Sheet

Standalone figures in ₹ crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	3	3	4	10	10	13	16	17	18	18	18	18	21
Reserves	93	96	146	298	323	510	918	1,363	1,556	1,800	2,104	2,503	3,994
Borrowings	–	–	–	–	–	–	–	–	–	–	–	–	–
Other Liabilities	3	6	78	18	17	33	53	76	76	108	110	140	144
Total Liabilities	216	359	597	990	1,372	2,482	3,480	4,510	5,117	6,739	9,534	12,212	13,811
Fixed Assets	0	1	1	3	5	17	21	17	20	26	30	46	48
Gross Block	0.79	1.45	1.41	4.09	7.46	25.99	35.47	35.12	38.98	51.01	64.65	92.75	–
Accumulated Depreciation	0.30	0.57	0.00	1.47	2.37	8.56	14.47	18.46	18.75	25.29	34.62	46.87	–
CWIP	0	0	0	0	1	0	0	0	0	0	0	0	0
Investments	0	0	0	0	0	103	146	375	0	281	379	360	401
Other Assets	215	359	595	988	1,366	2,361	3,314	4,118	5,097	6,432	9,125	11,805	13,362
Total Assets	216	359	597	990	1,372	2,482	3,480	4,510	5,117	6,739	9,534	12,212	13,811

Cash Flows

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	–	–	–	–	–	–	-823	-223	-807	-1,469	-1,908	-2,198
Cash from Investing Activity	–	–	–	–	–	–	-108	-615	804	-267	-217	-0
Cash from Financing Activity	–	–	–	–	–	–	893	900	411	1,353	2,470	2,217
Net Cash Flow	–	–	–	–	–	–	-38	62	408	-382	345	19

Ratios

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	–	–	–	–	–	–	–	–	–	–	–	–
Inventory Days	–	–	–	–	–	–	–	–	–	–	–	–
Days Payable	–	–	–	–	–	–	–	–	–	–	–	–
Cash Conversion Cycle	–	–	–	–	–	–	–	–	–	–	–	–
Working Capital Days	–	–	–	–	–	–	–	–	–	–	–	–
ROCE %	–	–	–	–	–	–	–	–	–	–	–	–

Shareholding Pattern

Numbers in percentages

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	33.53%	33.46%	30.21%	30.19%	23.60%	23.56%	23.45%	23.38%	14.31%	14.25%	12.43%	12.39%
FIIs	9.37%	15.69%	17.56%	17.02%	24.83%	25.09%	24.73%	25.57%	37.91%	36.00%	37.19%	39.99%
DIIs	6.51%	8.41%	10.00%	9.96%	11.72%	11.84%	11.96%	12.41%	18.28%	19.82%	21.89%	28.84%
Public	50.58%	42.44%	42.24%	42.83%	39.84%	39.50%	39.85%	38.62%	29.50%	29.93%	28.51%	18.78%