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Home First Finance Company India Ltd.
(HOMEFIRST)
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Rating:59Neutral
Price Target:
₹1,292.00
▲(9.96% Upside)
Action:Reiterated
Date:06/13/26
The score is supported by strong revenue growth and durable profitability, but held back by leverage and a historically volatile cash-flow record. Technical indicators are currently bearish/weak, and valuation is acceptable but not boosted by dividend yield.
Positive Factors
Rapid revenue growth
Sustained revenue expansion indicates that Home First is continuing to scale its affordable housing finance franchise and reach more customers. Growth at this pace can support operating leverage, deepen distribution economics, and strengthen the company’s earnings base over the next several quarters.
Negative Factors
Elevated leverage
High and volatile leverage increases the company’s sensitivity to funding costs, credit losses, and changes in lending conditions. Although debt-to-equity improved in 2026, total debt continued to climb, leaving less balance-sheet flexibility and making disciplined growth and asset quality important.
Read all positive and negative factors
Positive Factors
Negative Factors
Rapid revenue growth
Sustained revenue expansion indicates that Home First is continuing to scale its affordable housing finance franchise and reach more customers. Growth at this pace can support operating leverage, deepen distribution economics, and strengthen the company’s earnings base over the next several quarters.
Read all positive factors
Home First Finance Company India Ltd. (HOMEFIRST) vs. iShares MSCI India ETF (INDA)
Market Cap
₹129.09B
Dividend Yield0.42%
Average Volume (3M)11.92K
Price to Earnings (P/E)22.1
Beta (1Y)1.40
Revenue Growth21.42%
EPS Growth25.43%
CountryIN
Employees1,855
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Mortgages
Share Statistics
EPS (TTM)55.94
Shares Outstanding104,559,460
10 Day Avg. Volume6,805
30 Day Avg. Volume11,918
Financial Highlights & Ratios
PEG Ratio0.78
Price to Book (P/B)2.14
Price to Sales (P/S)4.86
P/FCF Ratio15.04
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)65.21
Revenue Forecast (FY)₹14.03B
Home First Finance Company India Ltd. Business Overview & Revenue Model
Company Description
Home First Finance Company India Limited operates as a specialized financial institution in India, primarily dedicated to providing housing finance. The company extends a range of lending options, including mortgages for the purchase or constructi...
How the Company Makes Money
HOMEFIRST makes money primarily through net interest income earned on its loan portfolio. It raises funds (liabilities) through a mix of borrowings such as bank loans, refinancing lines (including from housing finance–focused institutions), market...
Home First Finance Company India Ltd. Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
62
Positive
Cash Flow
48
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.07B | 19.23B | 13.25B | 9.80B | 6.93B | 4.78B |
| Gross Profit | 11.67B | 10.93B | 4.88B | 3.93B | 3.21B | 2.13B |
| EBITDA | 8.08B | 7.27B | 5.48B | 4.42B | 3.23B | 2.55B |
| Net Income | 5.81B | 5.40B | 3.82B | 3.06B | 2.28B | 1.86B |
Balance Sheet | ||||||
| Total Assets | 155.77B | 151.67B | 122.12B | 95.34B | 67.37B | 51.17B |
| Cash, Cash Equivalents and Short-Term Investments | 9.00B | 8.41B | 9.38B | 8.22B | 5.80B | 6.61B |
| Total Debt | 108.18B | 105.90B | 95.51B | 73.02B | 48.13B | 34.67B |
| Total Liabilities | 110.94B | 108.10B | 96.90B | 74.12B | 49.20B | 35.43B |
| Stockholders Equity | 44.83B | 43.57B | 25.21B | 21.21B | 18.17B | 15.74B |
Cash Flow | ||||||
| Free Cash Flow | -9.25B | 6.21B | -22.10B | -19.16B | -14.58B | -8.11B |
| Operating Cash Flow | -9.20B | 6.30B | -21.98B | -19.08B | -14.51B | -8.07B |
| Investing Cash Flow | -1.52B | -29.78B | -2.12M | -2.17B | -2.84B | 8.04B |
| Financing Cash Flow | 12.72B | 21.97B | 22.17B | 24.70B | 13.53B | 4.11B |
Home First Finance Company India Ltd. Technical Analysis
Positive
1174.95
Price Trends
1200.13
Positive
1158.97
Positive
1126.77
Positive
Market Momentum
8.51
Negative
64.84
Neutral
85.01
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HOMEFIRST, the sentiment is Positive. The current price of 1174.95 is below the 20-day moving average (MA) of 1192.01, below the 50-day MA of 1200.13, and above the 200-day MA of 1126.77, indicating a bullish trend. The MACD of 8.51 indicates Negative momentum. The RSI at 64.84 is Neutral, neither overbought nor oversold. The STOCH value of 85.01 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:HOMEFIRST.
Home First Finance Company India Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ₹208.96B | 18.25 | ― | ― | 18.04% | 19.18% | |
72 Outperform | ₹103.53B | 14.91 | ― | ― | 13.18% | 16.88% | |
62 Neutral | ₹128.36B | 13.06 | ― | 1.76% | 20.54% | 23.05% | |
60 Neutral | ₹73.35B | 13.84 | ― | 2.22% | 25.32% | 26.24% | |
59 Neutral | ₹129.09B | 22.11 | ― | 0.42% | 21.42% | 25.43% | |
58 Neutral | ₹107.22B | 9.40 | ― | 1.88% | 8.20% | 28.17% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:HOMEFIRST
Home First Finance Company India Ltd.
1,236.20
-11.12
-0.89%
IN:AADHARHFC
Aadhar Housing Finance Ltd
479.55
-32.55
-6.36%
IN:AAVAS
Aavas Financiers Ltd.
1,294.10
-290.75
-18.35%
IN:APTUS
Aptus Value Housing Finance India Limited
255.90
-87.47
-25.47%
IN:CANFINHOME
Can Fin Homes Ltd.
796.90
66.86
9.16%
IN:INDIASHLTR
India Shelter Finance Corp. Ltd.
672.05
-202.58
-23.16%
Home First Finance Company India Ltd. Corporate Events
Home First Finance Files CEO AGM Presentation with Stock Exchanges
Jun 24, 2026
Home First Finance Company India Ltd. informed stock exchanges that Managing Director and CEO Manoj Viswanathan delivered a formal presentation to shareholders at the company’s 17th Annual General Meeting on June 24, 2026. The AGM was conduc...
Home First Finance Conducts 17th AGM Via Virtual Platform With Robust E-Voting
Jun 24, 2026
Home First Finance Company India Ltd. held its 17th Annual General Meeting on June 24, 2026, via video conferencing and other audio-visual means in line with MCA and SEBI circulars. The meeting commenced at noon, concluded at 1:08 p.m., and compli...
Home First Finance earns ESG score of 75 from SEBI-registered rating agency
Jun 20, 2026
Home First Finance Company India Ltd., a listed housing finance player in the affordable home loans segment, has disclosed that ESG Risk Assessments and Insights Ltd., a SEBI-registered Category I ESG rating provider, has independently evaluated i...
Home First Finance Details Institutional Investor Meeting Held via Video Conferencing
Jun 20, 2026
Home First Finance Company India Ltd. reported that its officials held a one-on-one virtual meeting with select institutional investors and analysts on June 18, 2026, organized by Investec and the company. Participants included Eastspring Investme...
Home First Finance Plans Investor Meetings and Branch Visits Around JM Financial Forum
Jun 20, 2026
Home First Finance Company India Ltd. has scheduled a series of engagements with analysts and institutional investors around the JM Financial India Finance Forum Conference on June 23, 2026 in Mumbai. Company officials will participate in one-on-o...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.