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Home First Finance Company India Ltd Performance

Today's Low
866.20
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Today's High
884.60
52 Wk Low
686.00
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52 Wk High
1,061.00


Open

874.95

Traded Value (Cr)

8.44 Cr

Prev. Close

881.3

VWAP

879.51

Volume

2,36,063

Face Value

2

Home First Finance Company India Ltd Financials

Home First Finance Company India Ltd Financials

Home First Finance Company India Ltd Shareholding Pattern

Held By Mar 2024 Dec 2023 Sep 2023 Jun 2023
Others 30.68 % 30.95 % 34.18 % 34.11 %
FII 25.09 % 24.84 % 17.02 % 17.55 %
Promoters 23.56 % 23.60 % 30.19 % 30.21 %
Retail 11.05 % 11.09 % 10.67 % 10.17 %
Mutual Funds 9.62 % 9.52 % 7.93 % 7.95 %

Others

30.68%

FII

25.09%

Promoters

23.56%

Retail

11.05%

Mutual Funds

9.62%

Others

30.95%

FII

24.84%

Promoters

23.60%

Retail

11.09%

Mutual Funds

9.52%

Others

34.18%

FII

17.02%

Promoters

30.19%

Retail

10.67%

Mutual Funds

7.93%

Others

34.11%

FII

17.55%

Promoters

30.21%

Retail

10.17%

Mutual Funds

7.95%

Resistance and Support

₹890.62

PIVOT

resistance-arrow
Resistance
First Resistance₹900.683
Second Resistance₹915.067
Third Resistance₹925.133
support-arrow
Support
First Resistance₹876.233
Second Resistance₹866.167
Third Resistance₹851.783
RSI40.745
MACD17.725
ADX35.210
CCI-72.041

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day236,06373,73076.92
Week201,700127,62681.28
1 Month173,414106,90363.75
6 Months236,063183,52377.74

About Home First Finance Company India Ltd

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 middle-income 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 self-employed 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 loan-to-value 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 walk-in 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 well-trained front-end teams appraise customers by conducting home and workplace visits and ensure minimal disruption to a customer's 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 2020-21, the Company expanded the distribution network to 72 branches as at March'21. During the year 2020-21, 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 2020-21, 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 2021-22, the Company expanded the distribution network to 80 branches as at March'22 from 72 branches as at March' 21. During the year 2021-22, the Company raised (i) Rs 911 Crores borrowings from bank / financial institutions (outstanding as on March'22: Rs 2,103.70 crores), (ii) Rs 605.09 crores raised by way of Direct Assignment (iii) Rs 400 crores through re-finance from NHB (outstanding as of March'22: Rs 1,194.28 crores) and (iv) Rs 99 crores by way of NCDs (outstanding as of March'22: Rs 168.78 crores). During year 2022-23, the Company expanded the distribution network to 111 branches as at March'23 from 80 branches as at March' 22. During the year 2022-23, the Company has raised (i) Rs 1860 Crores borrowings from banks / finance companies (outstanding as of March'23: Rs 3,553.53 Crores), (ii) Rs 877.54 Crores raised by way of Direct Assignment & Co-lending (iii) Rs 600 Crores through re-finance from NHB (outstanding as of March'23: Rs 912.99 Crores) and (iv) Rs 280 Crores by way of NCDs (outstanding as of March'22: Rs 346.95 Crores).

Managing Director

Manoj Viswanathan

Founded

2010

NSE Symbol

HOMEFIRST

Home First Finance Company India Ltd Management

NameDesignation
Deepak SatwalekarChairman & Independent Directo
DIVYA SEHGALNominee
MANINDER SINGH JUNEJANominee
Narendra OstawalNominee
Manoj ViswanathanManaging Director & CEO
Shreyans BachhawatCompany Sec. & Compli. Officer
Geeta Dutta GoelIndependent Director
Anuj SrivastavaIndependent Director
Sucharita MukherjeeIndependent Director

Home First Finance Company India Ltd News

Home First Finance gains after IRDAI approves corporate agent license
Home First Finance Company India advanced 2.52% to Rs 933.25 after the company informed that the Insurance Regulatory and Development Authority of India (IRDAI) has approved and granted the corporate agent (composite) license.
Home First Finance Company India standalone net profit rises 34.18% in the December 2023 quarter
Sales rise 44.25% to Rs 295.65 crore
Volumes jump at Home First Finance Company India Ltd counter
Home First Finance Company India Ltd saw volume of 21.23 lakh shares by 14:14 IST on NSE, a 24.42 fold spurt over two-week average daily volume of 86938 shares
Volumes spurt at Home First Finance Company India Ltd counter
Home First Finance Company India Ltd registered volume of 89.08 lakh shares by 10:48 IST on BSE, a 2706.9 fold spurt over two-week average daily volume of 3291 shares
Home First Finance Company India standalone net profit rises 36.93% in the September 2023 quarter
Sales rise 44.01% to Rs 272.17 crore
Home First Finance Co. India schedules board meeting
On 26 October 2023
Volumes soar at Home First Finance Company India Ltd counter
Home First Finance Company India Ltd recorded volume of 33401 shares by 10:45 IST on BSE, a 8.9 times surge over two-week average daily volume of 3754 shares
Home First Finance Company India allots 49,964 equity shares under ESOP
Home First Finance Company India standalone net profit rises 34.87% in the June 2023 quarter
Sales rise 50.65% to Rs 253.37 crore
Home First Finance Co. India announces board meeting date
On 27 July 2023

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Home First Finance Company India Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Home First Finance Company India Ltd shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. Home First Finance Company India Ltd's share price is ₹880.25 as of April 19, 2024

The 52-week high/low price of a Home First Finance Company India Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. Home First Finance Company India Ltd's 52-week high and low as of April 19, 2024 are ₹884.6 and ₹866.2 respectively.

As of the Mar 2024 quarter, the promoter shareholding in Home First Finance Company India Ltd stands at 23.56%. During the same period, Institutional Investors have shown a slight increase in their holdings, rising from 24.84% to 25.09%.