Home First Finance Company India Ltd
HOMEFIRSTHome First Finance Company India Ltd is coiled. The quarters are improving, yet the P/BV sits at the 6th percentile of its own 5-year range — the business is moving before the market.
The sharpest disagreement: annual EPS moved +22.1% against a −9.1% price move — the market has not yet caught up with the delivery.
The price is in a confirmed uptrend (8 weeks in) while the P/BV sits at the 6th percentile of its own 5-year range. Underneath, the last four quarters read improving — profit +34.5% year on year, and gross NPA has eased to 1.80%. What settles it: whether the price catches up with earnings that have already moved.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Home First Finance Company India Ltd trades at ₹1,185, in a confirmed uptrend and 8 weeks into that stage. That is +2.5% against its own 200-day average. It sits at 82% of a 52-week range of ₹930 to ₹1,242. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 10 straight weeks.
Today the stock is in a confirmed uptrend — week 8 of stage 2, confirmed. At ₹1,185 it trades +2.5% versus its 200-day average and sits at 82% of its 52-week range (₹930–₹1,242).
Against the market, two honest reads. Cumulative: over the last 5.6 years the stock moved +116% while the NIFTY 500 moved +84% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 10 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Story check
Home First Finance Company India Ltd's story is not scored yet against the markers our research file set on 17 August 2026. Marker count: 20 not due yet. Still open: BT-out persistence after one 4.5% print, seasoning of FY24-26 and new-state vintages, earnings quality once assignment day-1 gains shrink, quarterly write-off honesty beside Stage 3
Our read, 17 August 2026. AUM near the ~25% re-guided band, Gross Stage 3 at 1.8% with credit cost about 40 bps, opex/assets below the old 3% fear, dual AA Stable ratings, PE exits absorbed by institutions The part that is not proven: BT-out persistence after one 4.5% print, seasoning of FY24-26 and new-state vintages, earnings quality once assignment day-1 gains shrink, quarterly write-off honesty beside Stage 3
From the numbers. Trailing four-quarter PPoP 820 crore with credit cost 7.5% of that engine; FY26 write-offs about 36 crore beside GS3 1.8%; Q1 day-1 gain 36.5 crore about 23% of PAT.
From the price. Price about 1176 rupees; price-to-book 2.81 and 2.9 versus own median 4.15 at the 5th percentile.
From the research. Promoter 6.97% down 23 points in three years, pledge zero, AA Stable dual ratings, MIXED guidance track on co-lending, no stock-specific expert transcript.
🚨 Where they disagree. Pipeline CIO DEPLOY and trough price-to-book pull toward action; day-1 gains near one-fifth of PAT, co-lending timetable miss, unseasoned book, and dossier WATCHLIST lock this re-dive at WATCH.
What is proven. AUM near the ~25% re-guided band, Gross Stage 3 at 1.8% with credit cost about 40 bps, opex/assets below the old 3% fear, dual AA Stable ratings, PE exits absorbed by institutions
What is not proven yet. BT-out persistence after one 4.5% print, seasoning of FY24-26 and new-state vintages, earnings quality once assignment day-1 gains shrink, quarterly write-off honesty beside Stage 3
🚨 What would change our mind. Upgrade if BT-out stays near or below 5% for two more quarters, co-lending closes or retires the 10% miss, quarterly write-offs are disclosed and calm, and day-1 gain share of PAT falls on a bridge; downgrade if Stage 3 and write-offs spike together or credit cost leaves the 30-40 bps band for two prints
Layer 1 read, 22 August 2026 — KEEP. Profits up twelve quarters straight with bad loans steady, but part of the latest profit is booked upfront. Home First's quarterly profit has climbed in every one of the last twelve quarters, from Rs 74 crore to Rs 160 crore, with earnings per share going Rs 8.43 to Rs 15.29 and bad loans holding at 1.8% gross and 1.4% net for two quarters running. The loan book is growing 25.7% a year and management is holding its lending spread at 5.3% with margin edging up to 6.0%. The catch is how some of that profit arrives: roughly Rs 36.5 crore of the June quarter - about 23% - is a day-one gain booked the moment loans are sold to a bank, which is the whole future spread recognised at once. Our own research record set 15% as the acceptable ceiling for that, so this is a real qualit…
What would change Layer 1’s mind. Gross bad loans rising ABOVE 1.8% (or net above 1.4%) in the September 2026 quarter at the same time as quarterly profit stops growing sequentially - the combination, not either alone, because rising arrears while profit still compounds is seasoning, whereas both turning together says the discount to book was forecasting real damage. I would also flip on the day-one assignment gain staying above 15% of profit for a second consecutive quarter with still no disclosed bridge, since at that point…
Layer 2 read, 22 August 2026 — ADVANCE. The affordable-housing franchise is stronger than its weak sector, but earnings-quality tests stay open. Home First reported stable early delinquencies and gross Stage 3 at 1.8%, while the older sector record specifically places it in the stronger affordable-housing cohort. This ADVANCE disagrees with the standing research record's WATCH bottom line because the external capital cycle is now IDEAL_TROUGH_SETUP, but it does not override marker M10 or authorise a size increase.
What would change Layer 2’s mind. Gross NPA and early-bucket delinquency rising for two consecutive reports while profit stops growing would turn the low P/B from an opportunity into evidence of book-value damage and flip ADVANCE to DROP.
Layer 3 read, 22 August 2026 — BENCH. The loan book is growing cleanly, but too much of the reporting-quality proof is still unfinished. Gross and net bad-loan readings held steady in the latest two quarters, and management described early delinquency as stable. The standing research record still rates the company WATCH because assignment-income, write-offs and co-lending are unresolved under markers M10-M13. The targeted search mitigates the social slowdown lead but confirms that co-lending remains below the old aspiration.
What would change Layer 3’s mind. BENCH flips to DROP if gross Stage 3 and write-offs rise together or annualized credit cost leaves the research record's 30-40 bps band for two reports; it flips to DEPLOY when M10-M13 clear together.
CIO read, 22 August 2026 — RETAIN. HELD (defended slot) · forward-asymmetry 80/100 · CLEAR_KEEP. CLEAR KEEP — judged EPS growth of 25% is above the 13.7% implied rate, leaving a +11.3-point sustain gap. Price-to-book is at the 5th percentile of its own history, and the fresh Stage-2 setup fits the FULL_RISK_ON, DEPLOY regime.
The test written in advance. BT-out persistence after the 4.5% print — BT-out annualised percent at or below 6% for two consecutive quarters by FY27-Q3 results.
The test written in advance. Assignment day-1 earnings quality — Day-1 derecognition gain as percent of PAT at or below 15% for two consecutive quarters with a disclosed bridge by FY27-Q3 results.
The test written in advance. Quarterly write-off honesty — Write-off rupees disclosed beside Gross Stage 3 disclosed each quarter and not spiking while GS3 falls by FY27-Q2 results.
What the company does. Originate home loans and limited loan-against-property through branches and digital checks; fund with banks, National Housing Bank refinance, bonds, direct assignment sales, and a small co-lending book; earn lending spread after funding cost; hold credit costs and write-offs down while fighting bank balance-transfer exits; deepen existing states rather than endless geographic sprawl.
How the money is made. PAT approximately equals AUM times lending spread plus fees and assignment day-1 gains minus operating expenses minus credit-cost charge minus tax, with reported ROE diluted while post-QIP capital sits surplus.
| Dial | Now | Was | Why it matters | Watch line |
|---|---|---|---|---|
| AUM growth | 25.7% YoY to 16938 crore | 30%+ design then re-guided to ~25% | top-line engine for spread income | stay at or above 20% YoY without Stage 3 break |
| Lending spread ex co-lending | about 5.3% book | 5.0-5.25% medium-term guide | core recurring margin after funding cost | hold at or above 5.0% for two more quarters |
| Credit cost | 40 bps annualised | 20-40 bps band over FY24-FY26 | already low; further credit-cost improvement mostly behind us | stay inside 30-40 bps for two prints |
| Assignment day-1 gain | 36.5 crore about 23% of PAT | FY26 about 112 crore about 21%… | non-recurring-looking share of reported profit | day-1 gain at or below 15% of PAT for two quarters |
| Opex to average assets | 2.8% in Q1 with hire bump | old ~3% fear; FY26 2.7% | densification operating leverage | at or below 2.7% for two quarters without growth collapse |
| BT-out annualised | 4.5% | 7.5-7.6% in FY25-Q4 / FY26-Q2 | seasoned-loan retention vs bank poaching | at or below 6% for two more prints |
| Driver | Before | Now | Effect |
|---|---|---|---|
| AUM and disbursement growth | AUM path into Q1 FY26 about 13479 crore | AUM 16938 crore; disbursements 1628 crore | larger earning book and record disbursals |
| Net interest income | 167.6 crore | 231.5 crore | +63.9 crore |
| Assignment day-1 gain | 24.71 crore about 21% of that quarter PAT | 36.49 crore about 23% of PAT | +11.8 crore of sale-gain income inside PAT |
| Credit cost | 11.68 crore | 15.90 crore | -4.2 crore (still ~40 bps annualised) |
| Pre-provision operating profit | 168.2 crore | 223.5 crore | +55.3 crore |
| Profit after tax | 119 crore | 160 crore | +41 crore reported; less without day-1 gain |
- assignment day-1 gain+36.5 crore23%
- remainder of reported PAT+123.5 crore77%
What this shows. Nearly one rupee in four of reported profit is day-1 derecognition gain; core engine is real but the headline is not a pure recurring print.
Did the business cover its own costs? Operating profit covered credit-cost charge (and write-offs when disclosed) against pre-provision operating profit in 5 of 5 periods; cumulatively . Engine covers the impairment charge today; the honesty gap is quarterly write-offs, not an uncovered PPoP shortfall
The dot is where the company is now; the dashed line is the level that would settle the question; a tinted band is where management says it is heading.
🚨 Calm Stage 3 versus FY26 write-offs. Markets and the old brochure read 1.8% Gross Stage 3 as clean asset quality; the May 2026 call’s about 36 crore write-offs equal 6.7% of FY26 PAT and must sit in the same sentence.
🚨 Reported PAT versus assignment day-1 gains. Q1 FY27 PAT 160 crore looks like operating momentum; 36.5 crore day-1 gain is about 23% of that print — Quality of Earnings applied_against a clean compounder narrative.
🚨 Trough price-to-book versus MIXED guidance track. Price-to-book at the 5th percentile versus own median argues depressed-breakout; co-lending still at 3.6% of AUM after years of a 10% tease and dossier MIXED track argue WATCH.
🚨 Pipeline CIO DEPLOY versus this re-dive WATCH. L1 KEEP / L2 ADVANCE / L3+CIO DEPLOY on 2026-07-19 predated the full write-off pair, day-1 percent lock, and sealed Models slip; this document overturns to WATCH at medium conviction.
🚨 BT-out heat versus one cool print. 7.5-7.6% BT-out through FY25-Q4 and FY26-Q2 stressed retention; 4.5% in Q1 FY27 is real but PARTLY — seasonal Q1 history means two more prints are owed.
| Kind | What sits here |
|---|---|
| Temporary | Q1 FY27 BT-out 4.5% may include seasonal relief; Q1 opex/assets 2.8% hire bump; Stage 3 2.0% tag in Q3 FY26 reversed to 1.8% with annual write-offs about 36 crore beside it |
| Cyclical | Lending spread and cost of borrowings through the rate cycle; bank poaching intensity that drives BT-out |
| Structural | Affordable-housing demand, densification inside ~13 states, institution-heavy free float after PE exit, surplus CRAR until leverage rebuilds |
| Company-specific | Assignment day-1 gains near one-fifth of PAT, co-lending timetable still missed at ~3.6% of AUM, promoter 6.97% |
Lever 16 · Asset quality — ACTIVE. Hold Gross Stage 3 near 1.8% and credit cost near 40 bps while the book seasons; Hard AQ can partially override soft guidance misses only if write-offs stay paired. What proves it keeps working: GS3 at or below 2.0% with quarterly write-off rupees disclosed and not spiking beside the ratio. It stops working if GS3 and write-offs rise together, or credit cost leaves 30-40 bps for two quarters.
Lever 1 · Operating leverage — ACTIVE. Branch densification inside ~13 states pulls opex/assets below the old 3% fear toward 2.6-2.7%. What proves it keeps working: Opex/avg assets at or below 2.7% for two quarters without AUM growth falling under 20%. It stops working if Opex/assets stays at or above 3.0% while growth slows.
Lever 14 · A bigger market to sell into — ACTIVE. AUM compounding near the re-guided ~25% band after stepping down from 30%+. What proves it keeps working: AUM YoY at or above 20% with Stage 3 contained. It stops working if AUM growth sustainably under 15% with no ROE rebuild.
Lever 11 · Selling more to existing customers — BUILDING. Retention waterfall and top-ups to cut BT-out after 7.5-7.6% heat. What proves it keeps working: BT-out at or below 6% for two more quarters after the 4.5% Q1 print. It stops working if BT-out returns above 7.5% for two prints.
What this research does not know. Only 15 quarters in the results pull (Dec 2022 to Jun 2026) — short of preferred 16-20; pre-Dec-2022 history missing; Quarterly write-off rupees undisclosed beside every quarterly GNPA print; FY24 and FY25 annual write-off totals not locked from extracts; Intra-year path from ~10 crore YTD talk (Jan 2026) to ~36 crore FY26 (May 2026) not footed; Assigned Assets stock line separate from co-lend not locked — residual off-book method used; Tax add-back on stripping day-1 gains not fully recomputed.
Sources: IR transcript Q1 FY27 (true Q1 call) (28 July 2026); IR transcript Q4 and FY26 (call mislabeled elsewhere as Q1 FY27) (7 May 2026); IR transcript Q3 FY26 (23 January 2026); IR transcript Q2 FY26 (4 November 2025); IR transcript Q1 FY26 (28 July 2025); Investor Deck Q1 FY27 (28 July 2026); Q1 FY27 press release (27 July 2026); Q1 FY27 financial results PDF (27 July 2026); +8 more. The story check is re-scored every results season; the record below never changes.
| Section | Where it is now | Vs a year ago | The one thing to watch next | Read |
|---|---|---|---|---|
| Asset quality | GS3 1.8%; FY26 WO ~36 crore | ▬ tagged 2.0% in Q3 FY26 | Gross Stage 3 with quarterly write-off rupees | pair required |
| Loan book | AUM 16938 crore; CL 3.6% | ▲ +25.7% YoY | AUM growth YoY and co-lend share of AUM | growth on guide… |
| Spread | ~5.3% ex-CL | ▬ guide 5.0-5.25% | Lending spread excluding co-lending | inside band |
| Profit | PAT 160; day-1 23% | ▲ +34.5% YoY reported | Assignment day-1 gain as percent of PAT | QoE haircut |
| Returns | ROE 14.5% reported; ROA 4.2% | ▬ pre-money ~16.8% | Reported ROE and leverage | capital drag |
| Ownership | promoter 6.97%; inst ~74% | ▼ -23 pts / 3y | Promoter percent and fresh block sales | absorbed exits |
| Capital | CRAR 42.6% | ▼ 44.1% at Mar 2026 | CRAR | surplus |
| Funding | banks 57%; NHB 14%; assign+CL 21% | ▬ CoB 7.8% | Funding mix and cost of borrowings | diversified |
| Loss coverage | CC 7.5% of 4Q PPoP | ▬ FY26 WO 6.7% of PAT | Trailing-four-quarter write-offs versus PAT | engine covers CC |
| P/B | 2.81 and 2.9 | ▼ median 4.15; pctile 5 | Price-to-book divided by ROE | compressed vs… |
Revenue For a bank, revenue is everything the franchise earns — interest on the loan book plus fee and other income.
Home First Finance Company India Ltd reported ₹538 Cr of income in the Jun 26 quarter, +18.5% year on year. That is the 11th straight quarter of year-on-year growth. Over 10 years it has compounded at 41.4% a year. The last full year, FY26, came in at ₹1,921 Cr. The last four reported quarters add to ₹1,998 Cr.
FY26 revenue came in at ₹1,921 Cr (+24.8% on the year), capping 10 years at 41.4% compound. The latest quarter (Jun 26) printed ₹538 Cr, +18.5% year on year — the 11th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +21.4% growth against the decade's 41.4% — the current year is running slower than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +21.2% over the last 4 quarters against +28.1%/yr over the last 8 — rolling over; TTM profit +40.7% vs +33.9%/yr — accelerating.
FY23-Q4. Write-offs ~10 crore vs prior 22; DA gain ballpark ~1% commentary
FY23-Q3. Distribution build-out; earliest spine print in this pull
Why-sources: our stock research file (17 August 2026) and the company’s own results for those quarters.
Net margin Net margin — what the bank keeps of every ₹100 of revenue after every cost, provision and tax. It is the cleanest single margin we can read for a lender.
Home First Finance Company India Ltd's net margin is 29.7% in the Jun 26 quarter, +3.5 percentage points against the same quarter a year ago. Across 13 fiscal years the net margin has ranged 7.7% to 31.2%. The current quarter sits inside that band.
Why this happened. Ex-co-lending lending spread near 5.3% is the recurring engine; assignment gains are a separate honesty line
The latest quarter's net margin is 29.7%, +3.5 pp against the same quarter a year ago. Across 13 fiscal years the net margin has ranged 7.7%–31.2%.
Why: the numbers show the net margin move clearly, but the cost lines behind it sit below what we hold — so we state the move without inventing its driver.
FY23-Q4. Write-offs ~10 crore vs prior 22; DA gain ballpark ~1% commentary
FY23-Q3. Distribution build-out; earliest spine print in this pull
Why-sources: our stock research file (17 August 2026) and the company’s own results for those quarters.
40 bps lands; name the denominator when citing the recompute
rate-cycle exposed
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Home First Finance Company India Ltd earned ₹160 Cr of net profit in the Jun 26 quarter, +34.5% year on year. It is the 11th consecutive quarter of growth. Full-year FY26 profit was ₹540 Cr. The 10-year compound rate is 56.8%. That is 29.7% of the quarter's revenue. The same quarter a year earlier earned ₹119 Cr.
Why this happened. Reported PAT includes material day-1 gains; normalised profit is the decision print
Jun 26 profit was ₹160 Cr, +34.5% year on year — the 11th consecutive quarter of growth. On the full year, FY26 printed ₹540 Cr (+41.4%), and the 10-year compound rate is 56.8%.
Why profit moved: revenue contributed +18.5% and the margin +3.5 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.
Pace comparison, last four quarters: profit +41.0% vs revenue +21.4%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.
High-growth build with contained Stage 3 · FY23-Q3 → FY24-Q4. CC guide 30-40 bps; ex-CL spread medium-term 5.0-5.25% AUM +33.5%; Stage 3 1.7%; CC 30 bps
Still compounding; BT-out heating · FY25-Q1 → FY25-Q4. FY25 close; BT-out ~7.5%; Stage 3 1.7%; CC ~30 bps path Board approved 1250 crore equity raise; still 30%+ design talk
Re-guide to ~25%; Stage 3 tag then write-off pair · FY26-Q1 → FY26-Q4. FY close; GS3 1.8%; FY write-offs ~36 crore beside that print; CL book 3.7% AUM GS3 tagged 2.0%; TN churn; BT-out 6.6%; gratuity opex one-off
On-guide growth; QoE still assignment-heavy · FY27-Q1 → FY27-Q1. AUM 16938 crore +25.7% YoY; day-1 gain 36.5 crore ~23% PAT; GS3 1.8%; BT-out 4.5%; CC 40 bps; write-offs quarterly GAP
Why-sources: our stock research file (17 August 2026) and the company’s own results for those quarters.
Headline PAT overstates recurring engine until the gain is stripped or bridged
bridge required
Asset quality — the ladder Gross NPA is the slice of the loan book where repayments have stopped. Net NPA is what remains after the money already set aside against those loans. Falling is healing; rising is damage arriving.
Home First Finance Company India Ltd's gross NPA is 1.80% of the loan book in Jun 26, down from 1.80% a year ago. Net of provisions already set aside, 1.40% remains. That is the 2nd straight quarter of improvement. Across the 12 quarters held here the book has ranged 1.70% to 2.90%.
Why this happened. Lender substitute for industrial cash conversion: PPoP versus credit cost and write-offs; quarterly write-offs still GAP so cash honesty is incomplete
Why this happened. Calm 1.8% Stage 3 only counts beside FY26 write-offs about 36 crore and a still-missing quarterly write-off series; the book is largely unseasoned per rating commentary
Jun 26: gross NPA at 1.80% and net NPA at 1.40%, against 1.80% / 1.40% a year ago. Over the 12 quarters we hold, the book's worst reading was 2.90% and its best is 1.70%. The ladder has now improved for 2 consecutive quarters.
The synthesis: profit growth at a bank is only as good as the book behind it, and this book is healing on a multi-quarter streak. A note on depth: quarterly provisioning detail is not in our numbers yet, so this ladder reads levels and trend, not the cost of the cleanup.
Why the ladder moved: recoveries, write-offs and slippages each play a part, and that split sits below what we hold — the numbers show the healing; the driver mix does not travel with them.
Without the write-off pair, Stage 3 improvement from 2.0% to 1.8% can look cleaner than cash reality
Every quarterly GNPA print in this spine lacks a write-off rupee beside it
crash line GS3 above 2.5% is one test, not the whole thesis
cash-substitute UNCERTAIN until disclosure
The loan book We read the loan book through revenue — when the book grows, revenue grows with it. It is a rough proxy, and we say so: rate moves and fee swings can shift it a few points in any one year.
Home First Finance Company India Ltd's revenue grew +24.8% in FY26 to ₹1,921 Cr, so the book is growing. The latest quarter ran +18.5% year on year. The net margin on that income is 29.7%, +3.5 percentage points against a year ago.
Why this happened. AUM compounds near 25% while co-lending remains a small managed share and about 17% of AUM sits off-book via assignment economics
FY26 revenue was ₹1,921 Cr, +24.8% on the year, and the latest quarter ran +18.5% year on year. The net margin on that revenue is 29.7% this quarter (+3.5 pp YoY) — growth with a widening margin on it.
The synthesis: a lender compounds when the book grows while the margin holds and the loan book stays clean — gross NPA is the loan-quality read we carry here.
Growth and profitability differ on managed AUM versus balance-sheet loans
growth without co-lend delivery still leaves MIXED track
Returns on equity and assets Two numbers rate a bank: ROE — what it earns on shareholder money — and ROA — what it earns on everything it deploys. ROE above ~13–15% earns its keep; below that, growth builds book slowly.
Home First Finance Company India Ltd earns a return on equity of 16% in FY26. Its trough over the ladder below was 3% in FY15. For a lender the balance sheet is the operating asset, so equity return and asset return have to be read together.
Why this happened. Headline ROE is pinned by surplus equity after QIP; pre-money mid-teens shows the operating engine better
FY26 ROE came in at 16%, recovered from a FY15 trough of 3%. Return on assets is withheld on this page — its two source series disagree for this quarter. That clears the bar a bank must beat for its book value to compound.
Why ROE moved: profit compounded 56.8% a year over 10 years while the equity base grew more slowly — earnings recovering faster than book value builds is what lifts ROE off a trough.
Franchise mid-teens on old capital; surplus equity dilutes the reported print
under-levered drag
Debt
For a bank, borrowings are raw material, not a warning sign — solvency is read through the returns and the loan book. A manufacturer’s debt is a claim against its profits, so the debt-to-equity lens that works everywhere else misleads on a lender and is not applied here.
Why this happened. Bank-heavy liabilities with NHB refinance and assignment funding; ratings AA Stable
A manufacturer’s debt is a claim against its profits; a bank’s borrowings are its inventory — money taken in to be lent out. The debt lens that works everywhere else misleads here, so this page does not apply it. The solvency questions for a bank — is the loan book sound, is the equity earning — are read through the loan-book and returns sections above.
assignment markets matter
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Foreign institutions added 19.2 points of Home First Finance Company India Ltd over 8 quarters, the biggest move on the register. That takes foreign institutions to 43.9% of the company. Domestic institutions moved +17.9 points over the same window, to 29.8%. The register is read on the four disclosed classes only; nothing is inferred between filings.
Why this happened. Promoter 6.97% after a 23-point three-year sell-down; institutions own about 74%; pledge is zero but Structural Quality Proxy fails a stable-promoter screen
The register over the last two years — Foreign institutions: +19.2 points over 8 quarters to 43.9%; Domestic institutions: +17.9 points over 8 quarters to 29.8%; Promoters: −16.5 points over 8 quarters to 7.0%. Note the structure: promoters hold under 20% — this is a widely-held company where institutions, not a family, set the direction.
Why the register moved: foreign institutions drove it (+19.2 points), alongside domestic institutions (+17.9 points) — steady accumulation by institutions reading the same numbers this page reads.
NDU is not pledge
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Home First Finance Company India Ltd: the Z-score is omitted — it was built for manufacturers, not banks, and applying it here would be theatre. The Z-score was built for manufacturers and is not applied to banks and lenders, so solvency here is read from the capital and asset-quality lines instead.
Why this happened. CRAR 42.6% and dual AA Stable are solvency comfort, not earnings-quality comfort
The safety line in one sentence: the Z-score is omitted — it was built for manufacturers, not banks, and applying it here would be theatre.
elimination floor, not a buy signal
Valuation For a bank we price the book, not the earnings: P/BV is what the market pays for each ₹1 of the bank's net worth. A bank below 1× book is priced below the value of what it owns, net of what it owes.
Home First Finance Company India Ltd trades at 2.8× P/BV, near the bottom of its own range — cheaper only 6% of the time. Its long-run median P/BV is 4.0×, measured across 5.3 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Why this happened. Primary lens is price-to-book versus ROE, not earnings multiple; dual prints 2.81 and 2.9 versus median 4.15 at 5th percentile — trough setup exists but does not repair QoE
Today's P/BV of 2.8× is near the bottom of its own range — cheaper only 6% of the time, against a long-run median of 4.0× measured over 5.3 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year book value grew while the price moved −9.1% — price and book moved together, holding the multiple in its range.
The price move, decomposed: over 5y, of the +15.5%/yr price move, ~+21.4%/yr came from book-value growth and ~−5.9 pp from the multiple (compressing). The split is the honest approximate (price return minus book-value growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is low against its own past, so the story rests on the book-value line underneath it, not the multiple.
Both valid; do not silently pick one; Peak/Late/Mid-cycle traps not engaged at trough percentiles
GARP screen only; not a DEPLOY vote
What the price assumes This reading works the multiple backwards. It asks one question: what yearly rate of profit growth is a buyer at the market price already paying for? The number is the growth rate that makes eleven years of profit — six years growing, then five fading — add up to that day's market price, once each year is discounted at 11% a year.
Solved at its 24 August 2026 price, Home First Finance Company India Ltd was paying for profit growth of about 13.7% a year. Profit itself has compounded 56.8% a year over the past 10 years. Today the market pays 2.8× P/BV, the 6th percentile of its own 5-year range.
What the two numbers say together. The multiple is low against its own past, and the growth the price is paying for is below what this company has actually delivered.
How to hold this number: it is a reading of one day's price, taken on 24 August 2026, not a running figure — every other number on this page, the multiple included, is read off the live quote as of 11 September 2026. A higher price is paying for more growth and a lower price for less, so it moves whenever the price does, and this page does not restate it between measurements.
Stage: Consistent Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Home First Finance Company India Ltd reads as consistent on its fundamental arc. Consistent — revenue, profit and EPS growth have stayed positive through the window, with ROE at 12.4% and holding. The read is built from 10 quarters across 4 curves, on full evidence.
Why it matters: steady curves with healthy returns are the compounding setup — the risk is the price, not the business.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +24.8% | +34.1% | +31.5% | +41.4% |
| Profit | +41.4% | +33.3% | +40.1% | +56.8% |
| EPS | +22.1% | +25.9% | +35.2% | +12.5% |
| Share price | −9.1% | +11.3% | +15.5% | — |
4-Factor Sector Score
57.5/100 — rank 6 of 13 in Finance - Housing · 94% evidence confidence
Home First Finance Company India Ltd scores 57.5 out of 100 against the 13 companies it is compared with in Finance - Housing, ranking 6. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 24.6 + 16.3 + 7.2 + 9.4 = 57.5. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if ROA rolls over or gross NPA rises while sector-relative strength deteriorates.
Quarterly scorecard
20 markers came out of our Home First Finance Company India Ltd research file of 17 August 2026, and each results season scores every one of them. No results season has been scored against them yet. A row is permanent: a miss stays on the record after it is fixed.
| Marker | The bar | Where it stands | Score |
|---|---|---|---|
| M10 | Assignment day-1 earnings quality (Day-1 derecognition gain as percent of PAT) | Not checked yet. | PENDING |
| M11 | Quarterly write-off honesty (Write-off rupees disclosed beside Gross Stage 3 disclosed each quarter and not spiking while GS3 falls) | Not checked yet. | PENDING |
| M12 | Co-lending timetable resolution (Co-lending book as percent of AUM at or above 7% of AUM or formal retirement of the 10% claim) | Not checked yet. | PENDING |
| M13 | Credit-cost band hold (Annualised credit cost stay inside 30-40 bps for two quarters) | Not checked yet. | PENDING |
| M14 | New-state seasoning (no sustained wide gap worse than franchise for two quarters) | Not checked yet. | PENDING |
| M15 | CRAR floor (Capital adequacy CRAR stay at or above 25%) | Not checked yet. | PENDING |
| M16 | Promoter/PE overhang (Fresh promoter or PE block sale size) | Not checked yet. | PENDING |
| M17 | Crash line — Stage 3 blow-up (Gross Stage 3 > 2.5% for two consecutive quarters) | Not checked yet. | PENDING |
| M18 | AUM quality not only growth (AUM YoY with Stage 3 and write-offs) | Not checked yet. | PENDING |
| M19 | Gross Stage 3 % and NNPA % | Not checked yet. | PENDING |
| M20 | Write-off rupees for the quarter (demand if absent) | Not checked yet. | PENDING |
| M21 | Credit cost rupees and bps | Not checked yet. | PENDING |
| M22 | Assignment day-1 gain rupees and % of PAT / NII | Not checked yet. | PENDING |
| M23 | BT-out annualised % | Not checked yet. | PENDING |
| M24 | Co-lending book % of AUM | Not checked yet. | PENDING |
| M25 | AUM and on-book loans | Not checked yet. | PENDING |
| M26 | Opex / average assets | Not checked yet. | PENDING |
| M27 | Reported ROE and CRAR | Not checked yet. | PENDING |
| M28 | Any fresh promoter or PE block filing | Not checked yet. | PENDING |
| M9 | BT-out persistence after the 4.5% print (BT-out annualised percent at or below 6% for two consecutive quarters) | Not checked yet. | PENDING |
Said versus delivered
What Home First Finance Company India Ltd's management promised, set against what actually arrived — 6 tracked promises on the record. Scored in our research file, promise by promise. A promise that slipped stays on this page after it is met.
🚨 Said 2023-07-28, due by FY26-FY27 scaling window — missed. Promised: Co-lending to reach about 10% of disbursements in the near future (later shifted toward 10% of AUM). What arrived: Q1 FY27 co-lend book 617 crore = 3.6% of AUM; FY26 CL disbursements 307 crore about 5.7% of FY disbursements.
🚨 Said 2025-07-28, due FY26 close — missed. Promised: FY26 disbursements 5600 to 5800 crore. What arrived: FY26 disbursements 5424 crore.
Said 2026-01-23, due FY27 run-rate — not due yet. Promised: About 25% AUM growth into FY27. What arrived: FY26 AUM +24.9%; Q1 FY27 AUM +25.7% YoY.
Said 2024-05-09, due ongoing — not due yet. Promised: Credit cost inside 30-40 bps band. What arrived: FY25 ~30 bps; FY26 and Q1 FY27 at 40 bps.
Said 2024-05-09, due ongoing — not due yet. Promised: Gross Stage 3 stays contained near or below about 2%. What arrived: Peaked 2.0% in Q3 FY26; 1.8% in Q4 FY26 and Q1 FY27 — always pair with write-offs.
Said 2023-05-03, due ongoing disclosure practice — not due yet. Promised: Write-offs disclosed as short recoveries when asked. What arrived: FY26 about 36 crore stated on May 2026 call; quarterly rupees still GAP; Jan YTD vs May FY conflict open.
Every quote above is taken word for word from the company’s own earnings calls.
Governance
What we checked on how Home First Finance Company India Ltd is run. 6 items came back clean and 8 are being watched. Read from the company’s own filings and earnings calls; a watch item is a question, not a finding.
Clean (6). Joint statutory auditors B S R & Co. LLP and Batliboi & Purohit; Q1 FY27 limited review unmodified; Promoter pledge 0%; Aether NDU 2090504 shares is NHB refinance commitment not a loan pledge; ICRA AA Stable reaffirmed 8 Jun 2026; CARE AA Stable as of 5 Feb 2026; No company-named RBI/NHB/SEBI monetary penalty in the last 24 months (legacy NHB 5000-10000 rupee items only in 2019-20); Institutions hold about 73.73% as of 30 Jun 2026 shareholding pattern; Liquidity buffer about 2272 crore at Q1 FY27 print.
🚨 On watch (8). Promoter holding 6.97% (True North 4.72%, Aether 2.26%), down about 23 percentage points over three years; PE/promoter block sales: Nov 2023 about 753 crore (9.8%), Dec 2024 about 1728 crore (19.6%), Feb 2026 about 660 crore (~5.3%); QIP 1250 crore (Apr 2025 on transcript dating) diluted reported ROE to 14.5% in Q1 FY27; MD FY24 gross pay about 2.34 crore versus BRSR median other-employee pay about 0.069 crore — roughly 34 times; Outstanding ESOPs about 37.1 lakh shares declared dilutive; CFO Nutan Gaba Patwari exit process disclosed on Q1 FY27 call — continuity watch; AmbitionBox employee rating 3.7/5 on 514 reviews; work-life 3.2 lowest factor; Dossier 2026-07-21 remains WATCHLIST / governance B / track MIXED on co-lending.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Can Fin Homes LtdCANFINHOME | 67.1/100Favorable setup100% evidence | ASLEEP | 26.1/35 Income 8.2% · PAT 28.3% 100% evidence | 19.5/25 ROA 2.4% · ROE 19.7% · GNPA 0.9% 100% evidence | 16.2/20 P/BV 1.74× · P/BV÷ROE 0.09 100% evidence | 5.3/20 RS sector -4.1% · RS bench -8% · 1Y 3.3%1 of 12 weeks ahead 100% evidence |
| Exact sum: 26.1 + 19.5 + 16.2 + 5.3 = 67.1 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -4.1% and the one-year return is 3.3%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 2PNB Housing Finance LtdPNBHOUSING | 63.5/100Mixed-positive evidence100% evidence | BREAKING OUT | 17.6/35 Income 9.8% · PAT 13.7% 100% evidence | 16.4/25 ROA 2.5% · ROE 12.7% · GNPA 0.9% 100% evidence | 9.5/20 P/BV 1.6× · P/BV÷ROE 0.13 100% evidence | 20.0/20 RS sector 29.9% · RS bench 24.6% · 1Y 48.9%8 of 12 weeks ahead 100% evidence |
| Exact sum: 17.6 + 16.4 + 9.5 + 20 = 63.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 3Housing & Urban Development Corporation LtdHUDCO | 60.7/100Mixed-positive evidence88% evidence | ASLEEP | 28.5/35 Income 25.9% · PAT 53% 86% evidence | 17.3/25 ROA 2.4% · ROE 20% · GNPA — 72% evidence | 13.2/20 P/BV 1.57× · P/BV÷ROE 0.08 100% evidence | 1.7/20 RS sector -11.1% · RS bench -15% · 1Y -19.8%3 of 12 weeks ahead 100% evidence |
| Exact sum: 28.5 + 17.3 + 13.2 + 1.7 = 60.7 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -11.1% and the one-year return is -19.8%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 4Aadhar Housing Finance LtdAADHARHFC | 59.4/100Mixed-positive evidence94% evidence | ASLEEP | 21.7/35 Income 17.7% · PAT 20.1% 100% evidence | 19.1/25 ROA 4% · ROE 15.9% · GNPA 1.3% 100% evidence | 8.3/20 P/BV 2.64× · P/BV÷ROE 0.17 70% evidence | 10.3/20 RS sector -1.1% · RS bench -5.3% · 1Y -11.1%2 of 12 weeks ahead 100% evidence |
| Exact sum: 21.7 + 19.1 + 8.3 + 10.3 = 59.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 5Aptus Value Housing Finance India LtdAPTUS | 58.9/100Mixed-positive evidence82% evidence | BASING | 22.3/35 Income 21.2% · PAT 23.4% 76% evidence | 15.3/25 ROA — · ROE 20.1% · GNPA 1.7% 61% evidence | 11.3/20 P/BV 2.47× · P/BV÷ROE 0.12 100% evidence | 10.0/20 RS sector -1.9% · RS bench -6.2% · 1Y -26.3%4 of 12 weeks ahead 100% evidence |
| Exact sum: 22.3 + 15.3 + 11.3 + 10 = 58.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 6Home First Finance Company India Ltdthis pageHOMEFIRST | 57.5/100Mixed-positive evidence94% evidence | BREAKING OUT | 24.6/35 Income 21.2% · PAT 40.7% 100% evidence | 16.3/25 ROA 3.6% · ROE 15.7% · GNPA 1.8% 100% evidence | 7.2/20 P/BV 2.83× · P/BV÷ROE 0.18 100% evidence | 9.4/20 RS sector -7.7% · RS bench 5.3% · 1Y -6.1%7 of 10 weeks ahead 70% evidence |
| Exact sum: 24.6 + 16.3 + 7.2 + 9.4 = 57.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 7LIC Housing Finance LtdLICHSGFIN | 56.2/100Mixed-positive evidence88% evidence | TURNING | 8.1/35 Income 0.2% · PAT 4.3% 86% evidence | 13.0/25 ROA 1.7% · ROE 14.4% · GNPA — 72% evidence | 16.8/20 P/BV 0.75× · P/BV÷ROE 0.05 100% evidence | 18.3/20 RS sector 10% · RS bench 5.5% · 1Y 1.6%0 of 12 weeks ahead 100% evidence |
| Exact sum: 8.1 + 13 + 16.8 + 18.3 = 56.2 · Decision use: Price leads the evidence: RS versus the benchmark is 5.5%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 8India Shelter Finance Corporation LtdINDIASHLTR | 52.1/100Mixed-positive evidence79% evidence | BASING | 24.0/35 Income 31.1% · PAT 33.1% 67% evidence | 15.2/25 ROA — · ROE 17% · GNPA 1.3% 61% evidence | 11.4/20 P/BV 2.22× · P/BV÷ROE 0.13 100% evidence | 1.5/20 RS sector -12.3% · RS bench -16.1% · 1Y -27.4%0 of 12 weeks ahead 100% evidence |
| Exact sum: 24 + 15.2 + 11.4 + 1.5 = 52.1 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -12.3% and the one-year return is -27.4%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 9Repco Home Finance LtdREPCOHOME | 51.9/100Mixed-positive evidence76% evidence | ASLEEP | 7.9/35 Income 5% · PAT 3.9% 86% evidence | 14.6/25 ROA 2.9% · ROE 12.4% · GNPA — 72% evidence | 16.8/20 P/BV 0.56× · P/BV÷ROE 0.04 70% evidence | 12.6/20 RS sector 9.9% · RS bench -7.1% · 1Y 1.7%0 of 10 weeks ahead 70% evidence |
| Exact sum: 7.9 + 14.6 + 16.8 + 12.6 = 51.9 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. | ||||||
| 10AAVAS Financiers LtdAAVAS | 50.6/100Mixed-positive evidence94% evidence | ASLEEP | 18.8/35 Income 13.3% · PAT 17% 100% evidence | 17.5/25 ROA 3.1% · ROE 13.9% · GNPA 1.1% 100% evidence | 10.5/20 P/BV 2× · P/BV÷ROE 0.14 100% evidence | 3.8/20 RS sector -19.5% · RS bench -9.1% · 1Y -19.9%2 of 10 weeks ahead 70% evidence |
| Exact sum: 18.8 + 17.5 + 10.5 + 3.8 = 50.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 11Bajaj Housing Finance LtdBAJAJHFL | 48.1/100Mixed-negative evidence94% evidence | TURNING | 18.1/35 Income 16.3% · PAT 18.9% 100% evidence | 15.3/25 ROA 2% · ROE 12.1% · GNPA 0.3% 100% evidence | 4.3/20 P/BV 3.11× · P/BV÷ROE 0.26 70% evidence | 10.4/20 RS sector -3.2% · RS bench -7.4% · 1Y -25%1 of 12 weeks ahead 100% evidence |
| Exact sum: 18.1 + 15.3 + 4.3 + 10.4 = 48.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 12GIC Housing Finance LtdGICHSGFIN | 35.5/100Mixed-negative evidence80% evidence | ASLEEP | 13.9/35 Income 1.4% · PAT 22.5% 81% evidence | 8.6/25 ROA 1.4% · ROE 7.6% · GNPA — 68% evidence | 8.0/20 P/BV 0.35× · P/BV÷ROE 0.05 100% evidence | 5.0/20 RS sector -8.5% · RS bench -12.3% · 1Y -20.5%1 of 11 weeks ahead 70% evidence |
| Exact sum: 13.9 + 8.6 + 8 + 5 = 35.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 13Sammaan Capital LtdSAMMAANCAP | 30.3/100Adverse evidence78% evidence | ASLEEP | 6.8/35 Income -17.1% · PAT -80% 100% evidence | 5.3/25 ROA -9.6% · ROE -3.2% · GNPA — 84% evidence | 9.8/20 P/BV 0.9× · P/BV÷ROE — 10% evidence | 8.4/20 RS sector -0.2% · RS bench -4.4% · 1Y 6.9%3 of 12 weeks ahead 100% evidence |
| Exact sum: 6.8 + 5.3 + 9.8 + 8.4 = 30.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is Home First Finance Company India Ltd's share price today?
Home First Finance Company India Ltd trades at ₹1,185, −9.1% over the past year. The company is valued at ₹12,385 Cr. The stock sits at 82% of its 52-week range of ₹930–₹1,242, +2.5% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 8 weeks in. — as of 11 September 2026.
What were Home First Finance Company India Ltd's latest quarterly results?
Home First Finance Company India Ltd reported total income of ₹538 Cr and net profit of ₹160 Cr for the Jun 26 quarter. Income rose 18.5% and profit rose 34.5% year on year. Earnings per share were ₹15.29. The net margin was 29.7%, 3.5 pp higher than a year earlier. — as of 11 September 2026.
What is Home First Finance Company India Ltd's revenue?
Home First Finance Company India Ltd reported revenue of ₹538 Cr in the Jun 26 quarter, +18.5% year on year. For the full FY26 fiscal year, revenue was ₹1,921 Cr (+24.8%). Over the last 10 years revenue compounded at 41.4% a year. — as of 11 September 2026.
What is Home First Finance Company India Ltd's profit?
Home First Finance Company India Ltd earned ₹160 Cr of net profit in the Jun 26 quarter, +34.5% year on year — the 11th straight quarter of growth. Full-year FY26 profit was ₹540 Cr. The net margin ran 29.7% in the latest quarter. — as of 11 September 2026.
What is Home First Finance Company India Ltd's market cap?
Home First Finance Company India Ltd's market capitalisation is ₹12,385 Cr at a share price of ₹1,185. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.
What is Home First Finance Company India Ltd's P/BV ratio?
Home First Finance Company India Ltd trades at a P/BV of 2.8×, at the 6th percentile of its own 5-year range, against a long-run median of 4.0×. This is a comparison with the stock's own history, not a value call — as of 11 September 2026.
Does Home First Finance Company India Ltd pay a dividend?
Yes — Home First Finance Company India Ltd's dividend payout was 10% of profit in FY26, and it recorded a payout in 6 of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 11 September 2026.
Is Home First Finance Company India Ltd overvalued?
On its own history, Home First Finance Company India Ltd looks cheap: its P/BV of 2.8× has been cheaper only 6% of the time in 5 years (long-run median 4.0×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 11 September 2026.
Is Home First Finance Company India Ltd growing?
Yes — Home First Finance Company India Ltd is growing: latest-quarter revenue +18.5% year on year, profit +34.5%, and the net margin +3.5 pp at 29.7%. The 10-year compound rates are 41.4% (revenue) and 56.8% (profit). The earnings engine currently reads: improving — as of 11 September 2026.
How is Home First Finance Company India Ltd performing?
Home First Finance Company India Ltd is in a confirmed uptrend, 8 weeks in. Its latest quarter's income rose 18.5% and profit rose 34.5% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 10 weeks. — as of 11 September 2026.
What stage is Home First Finance Company India Ltd in?
Consistent — revenue, profit and EPS growth have stayed positive through the window, with ROE at 12.4% and holding. The read comes from the last 12 quarters of growth (revenue growth +21.2% latest, profit growth +40.7% latest, eps growth +25.9% latest) plus the ROE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 11 September 2026.
Is Home First Finance Company India Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 8 of stage 2), trading +2.5% versus its 200-day average and at 82% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 11 September 2026.
Is Home First Finance Company India Ltd beating the market?
On recent form, yes — Home First Finance Company India Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 10 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 5.6 years the stock moved +116% against the NIFTY 500's +84% — ahead of the index over the full window. — as of 11 September 2026.
Will Home First Finance Company India Ltd's share price go up?
This page publishes no price forecast for Home First Finance Company India Ltd. What it measures instead: the share price is ₹1,185, the price is in a confirmed uptrend 8 weeks in. Its P/BV of 2.8× sits at the 6th percentile of its own 5-year range. — as of 11 September 2026.
Who owns Home First Finance Company India Ltd?
Promoters hold 7.0% of Home First Finance Company India Ltd, foreign institutions 43.9%, domestic institutions 29.8% and the public 19.3% (latest quarter). The biggest move on the register over the last two years: Foreign institutions added 19.2 points over 8 quarters. — as of 11 September 2026.
Is Home First Finance Company India Ltd's loan book healthy?
Gross NPA is 1.80% of Home First Finance Company India Ltd's loan book, down from 1.80% a year ago — the 2nd straight quarter of improvement, and net NPA stands at 1.40%. Falling NPAs are a loan book healing; rising NPAs are damage arriving — as of 11 September 2026.
Where is Home First Finance Company India Ltd in its business cycle?
Home First Finance Company India Ltd's FY26 net margin was 28.1%, against a 13-year band of 7.7%–31.2%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 29.7%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.
What growth does Home First Finance Company India Ltd's price assume?
At its price on 24 August 2026, Home First Finance Company India Ltd was priced for profit growth of about 13.7% a year. Profit itself has compounded 56.8% a year over the past 10 years. The figure reads the multiple backwards: the growth a buyer at that price was already paying for. — as of 11 September 2026.
What could break the Home First Finance Company India Ltd story?
The sharpest disagreement: annual EPS moved +22.1% against a −9.1% price move — the market has not yet caught up with the delivery. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 11 September 2026.
Is Home First Finance Company India Ltd a stock worth studying right now?
This is not investment advice. The machine read: Home First Finance Company India Ltd is coiled. The quarters are improving, yet the P/BV sits at the 6th percentile of its own 5-year range — the business is moving before the market. The sharpest open question: whether the price catches up with earnings that have already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 11 September 2026.
Not SEBI Registered !! Not Investment advice !!