Home First Finance Company India Limited (HOMEFIRST)

About

Home First Finance specialises in housing finance within India's financial sector. At ₹12,294 Cr market cap, it operates as a mid-scale player in India's residential lending market. Strong institutional backing (FII 43.9%, DII 29.83%) reflects quality positioning, though promoter ownership at just 6.97% is notably low.

Face value: ₹2

Market cap

₹11,764 Cr

P/E

20.2×

P/B

2.7×

Dividend yield

0.8%

ROE

15.7%

ROCE

—

Debt / equity

2.43

OPM

78.9%

EPS (TTM)

₹55.7

Book value

₹417.5

52-week high

—

52-week low

—

Key insights

Company research notes and source-linked reviews

Key risks

High financial leverage (D/E 2.43) amplifies sensitivity to interest-rate cycles and credit quality deterioration; monitor NPA trends and refinancing capacity closely.
Minimal promoter ownership at 6.97% creates founder misalignment; verify governance rigour and capital-allocation discipline are not compromised.
Heavy FII concentration (43.9%) poses portfolio-rotation risk; outflows could pressure the stock independent of operational performance.
Verify interest-rate pass-through on spreads and competitive dynamics with larger HFCs and banks; margin sustainability is not guaranteed.

Generated analysis · source review pending

Growth drivers

Revenue grew 18.6% year-on-year to ₹538 Cr (Jun 2025 to Jun 2026) with net profit up 34.4% to ₹159.85 Cr, indicating active loan-origination expansion.
EPS expanded 30.9% to ₹15.31 over the same period while operating margins held flat at ~79%, showing efficient scaling without proportional cost drag.
Dividend payouts in recent quarters (latest May 2026) alongside growing retained earnings signal both capital discipline and shareholder returns; verify capital-adequacy ratios support sustained growth.
Housing finance penetration in India remains nascent versus developed markets; verify addressable market expansion rates and the company's competitive positioning.

Generated analysis · source review pending

1,395 historical price candles were omitted because the exchange source has not been verified.

₹1,125.7+2.9%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 78.9%
+Profit CAGR of 40.1% over the last 5 years
+Revenue CAGR of 32% over the last 5 years

Cons

−Heavily leveraged (debt/equity 2.4)
−Weak interest coverage of 1.9×
−Low promoter holding of 7%
−Promoter holding fell 5.5 pts over the last year

Research score

Structured signal from quality, growth, valuation and momentum.

67/100

Business quality: 37
Growth: 95
Valuation: 69

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY SMALLCAP 250 NIFTY MIDSMALLCAP 400 NIFTY 500 NIFTY TOTAL MARKET

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Bajaj Housing Finance LimitedBAJAJHFLBAJAJHFL	₹69,083 Cr	₹1,72,787 Cr	₹11,606 Cr	₹10,596 Cr	90.9%	₹2,692 Cr	23%	—	12.1%	—
Pnb Housing Finance LimitedPNBHOUSINGPNBHOUSING	₹28,458 Cr	₹99,656 Cr	₹8,692 Cr	₹8,177 Cr	94.5%	₹2,315 Cr	26.9%	—	12.7%	—
Lic Housing Finance LimitedLICHSGFINLICHSGFIN	₹28,000 Cr	₹3,05,356 Cr	₹28,683 Cr	₹27,081 Cr	93.6%	₹5,739 Cr	19.4%	—	14.4%	—
Aadhar Housing Finance LimitedAADHARHFCAADHARHFC	₹19,609 Cr	₹38,352 Cr	₹3,817 Cr	₹2,908 Cr	76.4%	₹1,141 Cr	29.8%	—	15.8%	—
Sammaan Capital LimitedSAMMAANCAPSAMMAANCAP	₹15,388 Cr	₹66,991 Cr	₹7,418 Cr	₹3,373 Cr	41.6%	₹-7,236 Cr	-87.5%	—	-35%	—
Home First Finance Company India LimitedHOMEFIRSTHOMEFIRST	₹11,764 Cr	₹22,354 Cr	₹1,999 Cr	₹1,571 Cr	78.9%	₹581 Cr	28.2%	—	15.7%	—
Aptus Value Housing Finance India LimitedAPTUSAPTUS	₹11,338 Cr	₹19,212 Cr	₹2,306 Cr	₹1,906 Cr	83.4%	₹985 Cr	42%	—	20.1%	—
Can Fin Homes LimitedCANFINHOMECANFINHOME	₹9,471 Cr	₹47,728 Cr	₹4,292 Cr	₹3,953 Cr	92.1%	₹1,130 Cr	25.8%	—	19.7%	—
Aavas Financiers LimitedAAVASAAVAS	₹9,444 Cr	₹21,780 Cr	₹2,018 Cr	₹1,484 Cr	73.5%	₹491 Cr	24.3%	—	13.9%	—
India Shelter Finance Corporation LimitedINDIASHLTRINDIASHLTR	₹7,031 Cr	₹13,277 Cr	₹1,528 Cr	₹1,110 Cr	72.6%	₹503 Cr	32.9%	—	17%	—
Repco Home Finance LimitedREPCOHOMEREPCOHOME	₹2,114 Cr	₹14,320 Cr	₹1,819 Cr	₹1,612 Cr	89.3%	₹482 Cr	26.5%	—	12.7%	—
Gic Housing Finance LimitedGICHSGFINGICHSGFIN	₹716 Cr	₹9,767 Cr	₹1,084 Cr	₹895 Cr	79.1%	₹157 Cr	14.3%	—	7.6%	—

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	477	596	791	1,137	1,530	1,915
Interest	220	216	304	500	715	792
Expenses	127	146	187	245	307	404
Financing profit	130	234	300	393	508	719
Financing margin %	27.2%	39.3%	37.9%	34.5%	33.2%	37.5%
Other income	12	0	5	19	9	8
Depreciation	8	8	9	12	16	19
Profit before tax	134	226	295	400	502	708
Tax	34	40	67	94	120	167
Tax %	25.3%	17.8%	22.7%	23.6%	23.8%	23.7%
PAT	100	186	228	306	382	540
EPS (₹)	24.7	21.3	26	34.7	42.8	52.4
EPS adjusted (₹)	—	—	25.9	34.5	42.4	51.8
	0%	0%	10%	9.8%	8.6%	9.9%
Annual report	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	—	—	18	18	18	21
Reserves	—	—	1,800	2,104	2,503	4,336
Minority interest	—	—	—	0	—	—
	3,054	3,467	4,813	7,302	9,551	10,590
	—	—	106	110	140	220
Total equity & liabilities	—	—	6,737	9,534	12,212	15,167
	—	—	26	30	46	56
CWIP	—	—	—	0	0	0
Investments	375	0	281	379	360	812
	—	—	6,431	9,125	11,805	14,298
Total assets	—	—	6,737	9,534	12,212	15,167

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-223	-807	-1,451	-1,908	-2,198	-1,940
	-615	804	-284	-217	-0	-408
	900	411	1,353	2,470	2,217	2,198
Net cash flow	62	408	-382	345	19	-150
Free cash flow	-226	-811	-1,458	-1,916	-2,210	-1,949
CFO / Operating profit %	-63.7%	-179.6%	-240.3%	-213.8%	-179.7%	-128.4%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—
EBITDA margin %	73.3%	75.5%	76.4%	78.5%	80%	78.9%
EBIT margin %	71.7%	74.2%	75.2%	77.4%	78.9%	77.9%
PAT margin %	21%	31.2%	28.9%	26.9%	25%	28.2%
Working capital
Receivable days	—	—	—	—	—	—
Inventory days	—	—	0	0	0	0
Payable days	—	—	—	—	—	—
NWC days	—	—	—	—	—	—
Leverage
Current ratio	—	—	—	—	—	—
Debt to EBITDA	8.73	7.71	7.97	8.18	7.81	7.01
Debt to equity	—	—	2.65	3.44	3.79	2.43
Interest coverage	1.6	2	2	1.8	1.7	1.9
Asset turnover	—	—	0.12	0.12	0.13	0.13
Return ratios
Return on assets %	—	—	3.4%	3.2%	3.1%	3.6%
Return on capital employed %	—	—	—	—	—	—
Return on equity %	—	—	12.6%	14.4%	15.2%	12.4%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	30.19%	23.6%	23.56%	23.45%	23.38%	14.31%	14.25%	12.43%	12.39%	12.35%	6.99%	6.97%
	17.02%	24.84%	25.09%	24.74%	25.58%	37.91%	36%	37.19%	39.99%	40.82%	45.72%	43.9%
	9.96%	11.72%	11.85%	11.96%	12.41%	18.29%	19.81%	21.89%	28.83%	27.61%	27.53%	29.83%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	42.83%	39.84%	39.5%	39.85%	38.63%	29.49%	29.94%	28.49%	18.79%	19.22%	19.76%	19.3%
No. of shareholders	—	—	—	—	—	—	—	—	85,010	83,670	82,905	81,261

Promoter holding down 23.22 percentage points since Sep 2023.

86 deals · 23 Sept 2021 – 26 Feb 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
26 Feb 2026	TRUE NORTH FUND V LLP	Bulk	NSE	Sell	22,85,684	₹1,190.00	₹272.00 Cr
26 Feb 2026	PICTET - INDIAN EQUITIES	Bulk	NSE	Buy	17,97,211	₹1,189.88	₹213.85 Cr
26 Feb 2026	AETHER (MAURITIUS) LIMITED	Bulk	NSE	Sell	16,80,650	₹1,190.00	₹200.00 Cr
26 Feb 2026	AETHER (MAURITIUS) LIMITED	Bulk	NSE	Sell	10,57,532	₹1,190.00	₹125.85 Cr
26 Feb 2026	SOCIETE GENERALE	Bulk	NSE	Buy	8,40,713	₹1,190.00	₹100.04 Cr
26 Feb 2026	TRUE NORTH FUND V LLP	Bulk	NSE	Sell	5,22,901	₹1,190.00	₹62.23 Cr
27 Jan 2026	BNP PARIBAS FINANCIAL MARKETS	Bulk	NSE	Buy	5,80,670	₹1,225.92	₹71.19 Cr
27 Jan 2026	BNP PARIBAS FINANCIAL MARKETS	Bulk	NSE	Sell	1,431	₹1,210.92	₹0.17 Cr
11 Aug 2025	ORANGE CLOVE INVESTMENTS B.V.	Block	NSE	Sell	1,09,80,033	₹1,190.50	₹1,307.17 Cr
11 Aug 2025	ORANGE CLOVE INVESTMENTS B.V.	Bulk	NSE	Sell	1,09,80,033	₹1,190.50	₹1,307.17 Cr

1–10 of 86

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Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Deepak Madhav SatwalekarNon-Executive - Independent Director-Chairperson
Ms. Geeta Dutta GoelNon-Executive - Independent Director
Mr. Anuj SrivatavaNon-Executive - Independent Director
Mr. Ashish Kumar DarjiChief Risk Officer
Ms. Sucharita MukherjeeNon-Executive - Independent Director
Mr. Sriram HariharanNon-Executive - Independent Director
Mr. Manoj ViswanathanExecutive Director-CEO-MD
Mr. Ajay KhetanDeputy Chief Executive Officer
Mr. Shreyans BachhawatCompany Secretary, Compliance Officer & Head - Legal

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

36

across 11 fund houses

Held by these funds

6.31%

of the company's equity

All mutual funds

21.8%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

36 schemes · 11 fund houses

		Shares
Portfolio of Kotak Mid Cap FundNEW	Kotak Mahindra Mutual Fund	38.21 L	445.02	0.62%	3.656%	—
Portfolio of Kotak Small Cap Fund	Kotak Mahindra Mutual Fund	14.52 L	169.11	0.86%	1.389%	-0
(LIVE SCHEMES)	ITI Mutual Fund	2.18 L	25.43	0.71%	0.209%	+595
Mid Cap Fund	Baroda BNP Paribas Mutual Fund	1.72 L	19.98	0.75%	0.164%	-0
Nifty Smallcap 250 Index Fund	Nippon India Mutual Fund	1.54 L	17.91	0.51%	0.147%	+1,880
IB60-Groww Small Cap Fund	Groww Mutual Fund	1.35 L	15.78	2.06%	0.13%	-0
IB29-Groww Multicap Fund	Groww Mutual Fund	1.04 L	12.17	0.82%	0.1%	+17,278
Portfolio of Kotak Banking & Financial Services FundNEW	Kotak Mahindra Mutual Fund	99,668	11.61	0.74%	0.095%	—

1–8 of 36

1 / 5

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

30

Annual reports

6

Investor Presentation and earnings call

5

Jul 2026TranscriptAI SummaryPPT REC
May 2026Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

4

Final dividend29 May 2026 · ex-date₹5.2
Final dividend30 May 2025 · ex-date₹3.7
Final dividend7 Jun 2024 · ex-date₹3.4
Final dividend19 May 2023 · ex-date₹2.6

1

Board meeting to consider results27 Jul 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

81 announcementsExport CSV

29 Sept 2026, 4:23 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

29 Sept 2026, 4:21 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Analyst / Investor Meet PDF

19 Sept 2026, 4:07 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Analyst / Investor Meet PDF

17 Sept 2026, 9:51 amCompany Update

Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

Allotment of ESOP / ESPS PDF

11 Sept 2026, 3:53 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

10 Sept 2026, 8:06 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Analyst / Investor Meet PDF

7 Sept 2026, 5:45 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

2 Sept 2026, 9:52 pmCompany Update

ESG Score By NSE Sustainability Ratings And Analytics Limited

General PDF

Date	Category	Subject	Filing
29 Sept 2026, 4:23 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
29 Sept 2026, 4:21 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome	PDF
19 Sept 2026, 4:07 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome	PDF
17 Sept 2026, 9:51 am	Company Update Allotment of ESOP / ESPS	Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS	PDF
11 Sept 2026, 3:53 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
10 Sept 2026, 8:06 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome	PDF
7 Sept 2026, 5:45 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
2 Sept 2026, 9:52 pm	Company Update General	ESG Score By NSE Sustainability Ratings And Analytics Limited	PDF

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Home First Finance Company India Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Investor Presentation and earnings call

Events

4

1

Announcements

4

1

Announcements

Annual reports

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

Home First Finance Company India Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Investor Presentation and earnings call

Events

Dividends4

Board meetings1

Announcements

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Dividends4

Board meetings1

Announcements

Annual reports

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

4

1

4

1