# Home First Finance Company India share price today (Home First Finance Company India Ltd, NSE: HOMEFIRST)

> Home First Finance Company India share price today: ₹1,082.30 at the NSE close on 4 November 2026, down 4.4% in a year. Home First Finance Company India (NSE: HOMEFIRST) is worth ₹11,318 crore, trades at a P/BV of 2.4 and has closed between ₹929.70 and ₹1,241.80 over the past 52 weeks. > Home First Finance Company India Ltd's earnings have grown faster than its share price. Earnings per share grew +22.1% in a year while the price moved −4.4%. HOMEFIRST · Finance - Housing · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/home-first-finance-company-india-ltd

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## Key numbers

- Business trend: Growing steadily, from the last 12 quarters
- Price: ₹1,082.30 (−4.4% in a year)
- P/BV: 2.4× (lower than 98% of the last 5.5 years)
- Revenue (Sep 2026): ₹567 Cr (+18.9% on a year ago)
- Profit (Sep 2026): ₹170 Cr (+28.8% on a year ago)
- Net margin: 30.0% (+2.3 points on a year ago)
- ROE: 16%, FY26
- Gross NPA (bad loans): 1.80% (+0.00 points on a year ago)

The main question: yearly earnings per share moved +22.1% while the share price moved −4.4%. ## What is the Home First Finance Company India share price today? Home First Finance Company India Ltd's share price was ₹1,082.30 at the close on 4 November 2026. It has been falling for 1 week. That is 5.1% below its average price over the last 200 trading days. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 8 weeks running. In the last 52 weeks it traded between ₹930 and ₹1,242, and at that close it sat 49% of the way up from that low. Over the last 5.7 years the share price moved +98% while the NIFTY 500 moved +76%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 18 September 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Home First Finance Company India this quarter? Three changes stood out: revenue up on a year earlier for 12 quarters in a row (every quarter we can compare), profit up on a year earlier for 12 quarters in a row (every quarter we can compare) and highest quarterly profit in 16 quarters. 1. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare) In the September 2026 quarter revenue was ₹567 crore, +18.9% on a year earlier. Why: Revenue rose because the company lent more to home buyers, so its loan book grew. From the earnings call on 28 Oct 2026. 2. Profit up on a year earlier for 12 quarters in a row (every quarter we can compare) In the September 2026 quarter profit was ₹170 crore, +28.8% on a year earlier. Why: Profit rose because the company set aside contained amounts for bad loans while early stress stayed stable. Next results: check whether bad loan stress stays low and the money set aside for bad loans stays small. From the earnings call on 28 Oct 2026. 3. Highest quarterly profit in 16 quarters Profit of ₹170 crore in the September 2026 quarter is the highest of the last 16 quarters. Why: This was the highest profit in 16 quarters because the company set aside contained amounts for bad loans while early stress stayed stable. From the earnings call on 28 Oct 2026. ## What are Home First Finance Company India's latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), Home First Finance Company India reported total income of ₹567 crore, up 18.9% from ₹477 crore a year earlier, and a profit of ₹170 crore, up 28.8% from ₹132 crore. ### Home First Finance Company India results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Total income | ₹567 crore | ₹477 crore | +18.9% |
| Profit | ₹170 crore | ₹132 crore | +28.8% |
| Earnings per share | ₹16.28 | ₹12.73 | +27.9% |
| Net margin | 30.0% | 27.7% | +2.3 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Home First Finance Company India's management discussed these results on a call held on 28 October 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 September 2026). Income and profit in ₹ crore.)

## What is the Home First Finance Company India share price history? Home First Finance Company India closed at ₹1,082.30 on 4 November 2026, down 4.4% from ₹1,132.00 a year earlier (7 November 2025) and up 47.7% over five years. Its highest weekly close since February 2021 was ₹1,479.00 on 25 July 2025. ### Home First Finance Company India share price: then and now

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹1,072.00 | +1.0% |
| 1 month ago · 1 Oct 2026 | ₹1,125.70 | −3.9% |
| 6 months ago · 8 May 2026 | ₹1,200.30 | −9.8% |
| 1 year ago · 7 Nov 2025 | ₹1,132.00 | −4.4% |
| 3 years ago · 3 Nov 2023 | ₹915.35 | +18.2% |
| 5 years ago · 4 Nov 2021 | ₹732.65 | +47.7% |
| Earliest weekly close in our records · 5 Feb 2021 | ₹547.90 | +97.5% |
| Highest weekly close since February 2021 · 25 Jul 2025 | ₹1,479.00 | −26.8% |
| Lowest weekly close since February 2021 · 26 Mar 2021 | ₹458.80 | +135.9% |
| 52-week high (weekly close) · 17 Jul 2026 | ₹1,241.80 | −12.8% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹929.70 | +16.4% |

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (305 weekly closes from 5 February 2021 to 4 November 2026.)

## What is the latest news on Home First Finance Company India? 4 Nov 2026: Home First Finance Company India closed at ₹1,082.30, up 1.0% on the week and down 3.9% on the month. 28 Oct 2026: Home First Finance Company India held its results call for July to September 2026. Management guided: 25% AUM growth to ₹20,000 crore by Mar27 on team-stability momentum with 20-25 branches yearly pace, 10-15 adds in H2. ### Earlier

- Results for July to September 2026: Total income up 18.9% and profit up 28.8% on a year earlier. - Our read, 22 Aug 2026: Quarterly revenue and profit rose from comparable periods, while gross and net NPA remained unchanged in the latest two quarters. Management's funding-spread goal supports the earnings case, but prior co-lending and technology-timetable inconsistencies require a delivery discount. - 29 May 2026: ex-date for a dividend of ₹5.20 a share. ### Our read of the business

Quarterly revenue and profit rose from comparable periods, while gross and net NPA remained unchanged in the latest two quarters. Management's funding-spread goal supports the earnings case, but prior co-lending and technology-timetable inconsistencies require a delivery discount. Latest quarter: Reported revenue and profit increased while asset quality was unchanged from the preceding quarter. (Our read after the latest results, written 22 August 2026.)

## What dividend does Home First Finance Company India pay? Home First Finance Company India paid ₹5.20 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.48% at the ₹1,082.30 close on 4 November 2026. The last was a dividend of ₹5.20 a share, ex-date 29 May 2026. ### Home First Finance Company India dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 29 May 2026 | ₹5.20 | Dividend |
| 30 May 2025 | ₹3.70 | Dividend |
| 7 Jun 2024 | ₹3.40 | Dividend |
| 19 May 2023 | ₹2.60 | Dividend |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here. 3 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Home First Finance Company India Ltd paid out 10% of its profit as dividends in FY26, and it paid a dividend in 6 of its last 13 reported years. (From the NSE corporate-actions record, read 5 November 2026.)

## What did Home First Finance Company India management say on the latest results call? On the call for July to September 2026, held on 28 October 2026, Home First Finance Company India's management guided: 25% AUM growth to ₹20,000 crore by Mar27 on team-stability momentum with 20-25 branches yearly pace, 10-15 adds in H2. > “I remain fully committed to Home First and its long-term future. My current term as CEO extends until July 2028, and I intend to remain available for reappointment beyond that, subject to the requisite approvals.”
> Manoj Viswanathan, on the call for July to September 2026

### What management guided

- Exit ROE 15% in January to March 2027 and 16% in January to March 2028, with scope to exceed on current momentum. - 50 basis points repo equals about 20 basis points over 3-6 months. - Keep gross Stage-3 at 1.7% with credit cost around 40 basis points. - Absorb about 35 basis points insurance-fee profit/ROA drag with about 10 basis points concession return plus about 20 basis points via LAP, assignment and pricing; 5% LAP lift equals 6-7 basis points. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/7799-28-Oct-2026.pdf). (From the call for July to September 2026, 28 October 2026.)

## What could change the Home First Finance Company India story? What are the risks? Revenue growth falls materially while profit growth slows and management no longer attributes disbursement growth to home loans. ### Each change stops working if

- : Revenue growth falls materially while profit growth slows and management no longer attributes disbursement growth to home loans. - : Gross NPA, early-bucket delinquency, or credit cost rises in the next reported period. - : Operating cost to assets remains above management's stated range or technology pilots do not move into production with visible productivity evidence. ### The main risks

- : Co-lending remains below the long-stated strategic aspiration. ⚠ estimate
- : Technology execution has a disclosed status inconsistency. ⚠ estimate
- : Earnings quality needs a disclosed assignment-income bridge. ⚠ estimate

(Our read after the latest results, written 22 August 2026.)

## What to watch in Home First Finance Company India's next results? When Home First Finance Company India reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Disbursement momentum through seasonally stronger second half to stay on flagged AUM path - per team-stability and demand commentary. - What to check (from the call)
- Disbursement momentum through seasonally stronger second half to stay on flagged AUM path - per team-stability and demand commentary. - Spread preservation via delayed pass-through once flagged borrowing-cost threshold reached - per floating-book framework. - Early stress and Stage-3 stability with credit costs contained at flagged levels - per underwriting and collection discipline. - Co-lending flow revival in coming quarter after guideline reset - per partner systems readiness build. ## Which stock lists is Home First Finance Company India on? Home First Finance Company India is not on any of our India lists this week. ## Is Home First Finance Company India profitable? Home First Finance Company India Ltd earned ₹170 Cr of net profit in the Sep 2026 quarter, +28.8% on the same quarter a year earlier. That is the 12th quarter in a row of profit growth. Full-year FY26 profit was ₹540 Cr. Over 10 years profit has grown 56.8% a year on average. That is 30.0% of the quarter's revenue. Why this happened. Reported PAT includes material day-1 gains; normalised profit is the decision print

The same quarter a year earlier earned ₹132 Cr. For the full year, FY26 profit was ₹540 Cr (+41.4% on the year before). Why profit moved: revenue changed +18.9% on a year earlier and the margin moved +2.3 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +37.4% and revenue +19.2%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. 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. ## How much revenue does Home First Finance Company India make, and is it growing? Home First Finance Company India Ltd reported ₹567 Cr of income in the Sep 2026 quarter, +18.9% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 41.4% a year on average. The last full year, FY26, came in at ₹1,921 Cr. The last four reported quarters add to ₹2,088 Cr. FY26 revenue was ₹1,921 Cr, +24.8% on the year before. Recent pace: the last four quarters grew +19.2% on average, against 41.4% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +19.2%, against +25.9% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +36.6%, against +34.5% a year (stabilising). 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. ## How much does Home First Finance Company India keep from what it earns? Home First Finance Company India Ltd's net margin was 30.0% in the Sep 2026 quarter, 2.3 percentage points higher than the same quarter a year ago. Across 13 years it has been between 7.7% and 31.2%. The latest quarter is within that range. Why this happened. Ex-co-lending lending spread near 5.3% is the recurring engine; assignment gains are a separate honesty line

Why: the net margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason. 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. ## How many of Home First Finance Company India's loans have gone bad? Home First Finance Company India Ltd's gross NPA, the share of loans that have stopped being repaid, is 1.80% in Jun 2026, down from 1.80% a year ago. After the money already set aside for bad loans, 1.40% is left (net NPA). That is the 2nd quarter in a row of improvement. 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

Across the 11 quarters on file it has been between 1.70% and 2.90%. Falling bad loans mean the loan book is healing; rising ones mean new damage. The bad-loan figures stop at Jun 2026, and our data does not yet carry gross and net NPA for the quarters after it, although results up to Sep 2026 are in. They are shown as filed, not estimated. In short: a lender's profit growth is only as good as its loans, and this loan book is healing, several quarters running. Quarterly detail on money set aside for bad loans is not in our data yet, so this shows the levels and the trend, not the cost of the clean-up. Why bad loans moved: recoveries, write-offs and new bad loans all play a part. That split is not in our data, so the page shows the trend without the breakdown. ## How fast is Home First Finance Company India's loan book growing? Home First Finance Company India Ltd's revenue was ₹1,921 Cr in FY26, +24.8% on the year before, so the loan book is growing. The latest quarter was +18.9% on a year earlier. The net margin on that income is 30.0%, +2.3 percentage points on 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

Interest income stands in for the size of the loan book; changes in interest rates can move it a few points in any year. In short: a lender grows well when its loan book grows, its margin stays steady and its loans stay clean. Gross NPA is the loan-quality figure this page uses. ## What is Home First Finance Company India's P/BV ratio, and how does it compare with its own history? Home First Finance Company India Ltd's P/BV is 2.4×, about the lowest it has ever been. Its usual P/BV (the middle reading) is 4.0×, over 5.5 years of weekly prices. This compares the share price with the company’s own past. It does not say 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

Why the multiple is where it is: over the past year book value grew while the price moved −4.4%. Price and book value moved together, so the multiple stayed in its range. Where the price move came from: over 5 years the price moved +8.1% a year; about +21.6% a year came from book-value growth and about −13.5 percentage points from the multiple (the market paying less). The split is approximate (price return minus book-value growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the book value trend underneath matters more than the multiple. ## What growth does the Home First Finance Company India share price assume? Worked out from its price on 11 October 2026, Home First Finance Company India Ltd's share price assumed profit growth of about 12.0% a year. Over the past 10 years its profit actually grew 56.8% a year. Today its P/BV is 2.4×, lower than 98% of its own last 5.5 years. This is a one-day reading, taken on 11 October 2026. Every other number on this page, the multiple included, uses the latest price as of 4 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements. ## Is the Home First Finance Company India business getting better or worse? Home First Finance Company India Ltd's business is growing steadily. Revenue, profit and EPS growth have stayed positive throughout, and ROE is steady at 13.3%. This is based on 12 quarters of 4 measures. Why it matters: steady growth with healthy returns is how a business compounds over time. ## What is the Home First Finance Company India story, and has it been checked? Home First Finance Company India Ltd's story is not scored yet against the checks our research set on 17 August 2026. Checks so far: 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. 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. 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. What is proven. 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. The story gets stronger 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; the story weakens if Stage 3 and write-offs spike together or credit cost leaves the 30-40 bps band for two prints

The test written in advance. BT-out persistence after the 4.5% print. Measured by: 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. Measured by: 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. Measured by: 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; 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. 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. 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. Lever 16 · Asset quality: working now. Keep 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: working now. 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 serve: working now. 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 · More business from 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); Company 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. ## Did Home First Finance Company India management deliver what it promised? What Home First Finance Company India Ltd's management promised, against what actually happened: 6 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 28 July 2023, 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 28 July 2025, due FY26 close: missed. Promised: FY26 disbursements 5600 to 5800 crore. What arrived: FY26 disbursements 5424 crore. Said 23 January 2026, 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 9 May 2024, 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 9 May 2024, 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 3 May 2023, 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. ## What is Home First Finance Company India management's track record? Management has handled asset quality and funding well, but the standing record's M10-M13 tests are not yet cleared. ### Regulatory and governance record

The sweep found no company-specific SEBI, CBI or ED action; unrelated Reliance Home Finance material was excluded. 0% Promoter shares pledged

Sources:

- [icicidirect.com](https://www.icicidirect.com/research/equity/rapid-results/home-first-finance-company-india-ltd)
- [sebi.gov.in](https://www.sebi.gov.in/sebiweb/home/HomeAction.do?doListing=yes&sid=2&smid=6&ssid=9)
- [ticker.finology.in](https://ticker.finology.in/ipo/home-first-finance-company-india-ltd)

(Checked 30 August 2026.)

## How much does Home First Finance Company India earn on its equity and assets? Home First Finance Company India Ltd earned a return on equity of 16% in FY26. Its lowest yearly reading on file was 3% in FY15. On its assets, every ₹100 earned about ₹4.00, before the effect of borrowing. For a lender the balance sheet is the business, so the return on equity and on assets 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

That is above the level a bank needs to grow its net worth steadily. Why ROE moved: profit grew 56.8% a year over 10 years while net worth grew more slowly. When earnings recover faster than net worth builds up, ROE climbs off its low. ## Does Home First Finance Company India have too much debt? For a bank, borrowing is the raw material of the business, not a warning sign: it borrows money in order to lend it out. Its safety is read through its returns and its loans. Its safety is read from the bad-loan figures and the return on equity instead. Why this happened. Bank-heavy liabilities with NHB refinance and assignment funding; ratings AA Stable

For a manufacturer, debt is a claim on its profits. For a lender it is the stock it trades in, so the usual debt-to-equity test would mislead and is not used here. ## What is the Home First Finance Company India shareholding pattern? Domestic institutions raised their stake in Home First Finance Company India Ltd by 20.5 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 32.9% of the company. Foreign institutions moved +16.9 points over the same period, to 42.4%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Why this happened. institutions own about 74%; pledge is zero but Structural Quality Proxy fails a stable-promoter screen

Over the last two years: Domestic institutions: +20.5 points over 8 quarters, to 32.9%; Foreign institutions: +16.9 points over 8 quarters, to 42.4%; Promoters: −16.4 points over 8 quarters, to 7.0%. Promoters own under 20%, so this is a widely owned company where institutions, not a family, have the most say. Why the owners changed: domestic institutions drove it (+20.5 points), together with foreign institutions (+16.9 points). They raised their stake step by step. ## How far is Home First Finance Company India from balance-sheet trouble? For Home First Finance Company India Ltd, the Z-score is not used, because it was built for manufacturers, not lenders. For a lender, safety is read from its capital and bad-loan figures instead. Why this happened. CRAR 42.6% and dual AA Stable are solvency comfort, not earnings-quality comfort

## How does Home First Finance Company India rank in its industry? 64.1 out of 100, rank 2 of 13 in Finance - Housing, with 78% of the evidence available. Home First Finance Company India Ltd scores 64.1 out of 100 against the 13 companies it is compared with in Finance - Housing, ranking 2. Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. The four parts add up to the total exactly: 25.5 + 17.1 + 10.1 + 11.4 = 64.1. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector. ## Which companies is Home First Finance Company India compared with? Home First Finance Company India ranks 2 of 13 Finance - Housing companies on the 4-Factor Sector Score, with 64.1 out of 100. 1. [Can Fin Homes Ltd](https://www.sectoralpha.in/stocks/can-fin-homes-ltd) CANFINHOME · basing · Most evidence points up · 93% evidence 65.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.2/35 · Income 7.9% · Profit 25.3% · 100% evidence Capital efficiency 17.2/25 · ROA 2.5% · ROE 19.7% · GNPA n/a · 72% evidence Valuation 15.8/20 · P/BV 1.49× · P/BV÷ROE 0.08 · 100% evidence Relative strength 9.7/20 · Lead over its industry 0% · Lead over NIFTY 500 -10.9% · 1 year -17.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 23.2 + 17.2 + 15.8 + 9.7 = 65.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. Home First Finance Company India Ltd this page HOMEFIRST · quiet · Evidence leans up · 78% evidence 64.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.5/35 · Income 19.2% · Profit 36.6% · 100% evidence Capital efficiency 17.1/25 · ROA 3.6% · ROE 15.7% · GNPA n/a · 72% evidence Valuation 10.1/20 · P/BV 2.4× · P/BV÷ROE 0.15 · 100% evidence Relative strength 11.4/20 · Lead over its industry n/a · Lead over NIFTY 500 0.1% · 1 year -10.3% · 25% evidence · 6 of 12 weeks ahead Exact sum: 25.5 + 17.1 + 10.1 + 11.4 = 64.1 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [India Shelter Finance Corporation Ltd](https://www.sectoralpha.in/stocks/india-shelter-finance-corporation-ltd) INDIASHLTR · basing · Evidence leans up · 87% evidence 61.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.4/35 · Income 25.8% · Profit 28.1% · 67% evidence Capital efficiency 18.4/25 · ROA 5.8% · ROE 17.1% · GNPA 1.6% · 95% evidence Valuation 11.1/20 · P/BV 2.1× · P/BV÷ROE 0.12 · 100% evidence Relative strength 8.7/20 · Lead over its industry -3.8% · Lead over NIFTY 500 -14.4% · 1 year -30.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 23.4 + 18.4 + 11.1 + 8.7 = 61.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Housing & Urban Development Corporation Ltd](https://www.sectoralpha.in/stocks/housing-urban-development-corporation-ltd) HUDCO · quiet · Evidence leans up · 84% evidence 60.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.9/35 · Income 25.9% · Profit 53% · 75% evidence Capital efficiency 17.1/25 · ROA 2.4% · ROE 20% · GNPA n/a · 72% evidence Valuation 12.8/20 · P/BV 1.3× · P/BV÷ROE 0.07 · 100% evidence Relative strength 0.5/20 · Lead over its industry -14% · Lead over NIFTY 500 -23.5% · 1 year -39.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 29.9 + 17.1 + 12.8 + 0.5 = 60.3 · What this means: Earnings are strong; relative strength in its sector is -14% and the one-year return is -39.6%. 5. [Aadhar Housing Finance Ltd](https://www.sectoralpha.in/stocks/aadhar-housing-finance-ltd) AADHARHFC · basing · Evidence leans up · 90% evidence 60.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.0/35 · Income 17.7% · Profit 20.1% · 88% evidence Capital efficiency 18.7/25 · ROA 4% · ROE 15.9% · GNPA 1.3% · 100% evidence Valuation 8.4/20 · P/BV 2.43× · P/BV÷ROE 0.15 · 70% evidence Relative strength 11.0/20 · Lead over its industry 3.3% · Lead over NIFTY 500 -7.8% · 1 year -17.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 22 + 18.7 + 8.4 + 11 = 60.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [AAVAS Financiers Ltd](https://www.sectoralpha.in/stocks/aavas-financiers-ltd) AAVAS · basing · Evidence leans up · 85% evidence 58.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.8/35 · Income 12.1% · Profit 16.9% · 100% evidence Capital efficiency 17.4/25 · ROA 3.2% · ROE 13.9% · GNPA 1.1% · 100% evidence Valuation 13.2/20 · P/BV 1.56× · P/BV÷ROE 0.11 · 100% evidence Relative strength 8.3/20 · Lead over its industry n/a · Lead over NIFTY 500 -18% · 1 year -35.6% · 25% evidence · 0 of 12 weeks ahead Exact sum: 19.8 + 17.4 + 13.2 + 8.3 = 58.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [LIC Housing Finance Ltd](https://www.sectoralpha.in/stocks/lic-housing-finance-ltd) LICHSGFIN · turning · Evidence leans up · 88% evidence 56.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 9.4/35 · Income -0.6% · Profit 6.8% · 86% evidence Capital efficiency 12.8/25 · ROA 1.7% · ROE 14.4% · GNPA n/a · 72% evidence Valuation 17.3/20 · P/BV 0.62× · P/BV÷ROE 0.04 · 100% evidence Relative strength 16.8/20 · Lead over its industry 8.7% · Lead over NIFTY 500 -3% · 1 year -13.5% · 100% evidence · 2 of 12 weeks ahead Exact sum: 9.4 + 12.8 + 17.3 + 16.8 = 56.3 · What this means: Relative strength against the index is -3%, and revenue and profit growth are weak. 8. [PNB Housing Finance Ltd](https://www.sectoralpha.in/stocks/pnb-housing-finance-ltd) PNBHOUSING · leader · Evidence leans up · 93% evidence 55.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.0/35 · Income 10% · Profit 9.3% · 100% evidence Capital efficiency 12.9/25 · ROA 2.3% · ROE 12.7% · GNPA n/a · 72% evidence Valuation 11.1/20 · P/BV 1.37× · P/BV÷ROE 0.11 · 100% evidence Relative strength 19.0/20 · Lead over its industry 25.7% · Lead over NIFTY 500 12.3% · 1 year 14.1% · 100% evidence · 11 of 12 weeks ahead Exact sum: 12 + 12.9 + 11.1 + 19 = 55 · What this means: Relative strength against the index is 12.3%, and revenue and profit growth are weak. 9. [Bajaj Housing Finance Ltd](https://www.sectoralpha.in/stocks/bajaj-housing-finance-ltd) BAJAJHFL · basing · Evidence leans up · 94% evidence 54.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.9/35 · Income 17.3% · Profit 18.9% · 100% evidence Capital efficiency 15.0/25 · ROA 2% · ROE 12.1% · GNPA 0.3% · 100% evidence Valuation 5.3/20 · P/BV 2.69× · P/BV÷ROE 0.22 · 70% evidence Relative strength 15.5/20 · Lead over its industry 3.5% · Lead over NIFTY 500 -7.7% · 1 year -29.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 18.9 + 15 + 5.3 + 15.5 = 54.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Aptus Value Housing Finance India Ltd](https://www.sectoralpha.in/stocks/aptus-value-housing-finance-india-ltd) APTUS · quiet · Evidence leans up · 87% evidence 54.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.6/35 · Income 21.2% · Profit 23.4% · 67% evidence Capital efficiency 19.0/25 · ROA 7.8% · ROE 20.1% · GNPA 1.7% · 95% evidence Valuation 11.5/20 · P/BV 1.89× · P/BV÷ROE 0.09 · 100% evidence Relative strength 2.0/20 · Lead over its industry -11.7% · Lead over NIFTY 500 -21.4% · 1 year -39.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 21.6 + 19 + 11.5 + 2 = 54.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Repco Home Finance Ltd](https://www.sectoralpha.in/stocks/repco-home-finance-ltd) REPCOHOME · basing · Evidence leans down · 63% evidence 49.3 out of 100 Growth Capital Valuation Relative
12. [GIC Housing Finance Ltd](https://www.sectoralpha.in/stocks/gic-housing-finance-ltd) GICHSGFIN · quiet · Evidence leans down · 69% evidence 41.9 out of 100 Growth Capital Valuation Relative
13. [Sammaan Capital Ltd](https://www.sectoralpha.in/stocks/sammaan-capital-ltd) SAMMAANCAP · quiet · Most evidence points down · 74% evidence 23.4 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. 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 path the industry 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 growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Finance - Housing](https://www.sectoralpha.in/sectors/finance-housing), all 13 compared on one page. ## Which companies are close to Home First Finance Company India in size? Home First Finance Company India is the 7th largest of 13 Finance - Housing companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: LIC Housing Finance, Aadhar Housing Finance and Sammaan Capital. Just below it: Can Fin Homes, Aptus Value Housing Finance India and AAVAS Financiers. ### Finance - Housing companies close in size

1. [LIC Housing Finance Ltd](https://www.sectoralpha.in/stocks/lic-housing-finance-ltd) ₹27,157 crore
2. [Aadhar Housing Finance Ltd](https://www.sectoralpha.in/stocks/aadhar-housing-finance-ltd) ₹18,417 crore
3. [Sammaan Capital Ltd](https://www.sectoralpha.in/stocks/sammaan-capital-ltd) ₹13,560 crore
4. Home First Finance Company India Ltd ₹11,210 crore
5. [Can Fin Homes Ltd](https://www.sectoralpha.in/stocks/can-fin-homes-ltd) ₹9,582 crore
6. [Aptus Value Housing Finance India Ltd](https://www.sectoralpha.in/stocks/aptus-value-housing-finance-india-ltd) ₹9,580 crore
7. [AAVAS Financiers Ltd](https://www.sectoralpha.in/stocks/aavas-financiers-ltd) ₹8,428 crore

[All 13 Finance - Housing companies, largest first](https://www.sectoralpha.in/sectors/finance-housing#all-companies)

### Companies close in size in other industries

1. [Fujiyama Power Systems Ltd](https://www.sectoralpha.in/stocks/fujiyama-power-systems-ltd) ₹11,223 crore · Electric Equipment - General
2. [Aditya Birla Real Estate Ltd](https://www.sectoralpha.in/stocks/aditya-birla-real-estate-ltd) ₹11,213 crore · Realty - National
3. Home First Finance Company India Ltd ₹11,210 crore
4. [ASK Automotive Ltd](https://www.sectoralpha.in/stocks/ask-automotive-ltd) ₹11,164 crore · Auto Ancillaries - 2 Wheelers
5. [DOMS Industries Ltd](https://www.sectoralpha.in/stocks/doms-industries-ltd) ₹11,067 crore · Printing & Stationery

## Quarterly scorecard? Our Home First Finance Company India Ltd research of 17 August 2026 set 20 checks, and every results season scores each one. No results season has been scored against them yet. A row is permanent: a miss stays on the record after it is fixed. ## Governance? What we checked on how Home First Finance Company India Ltd is run. 5 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 (5). 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); Liquidity buffer about 2272 crore at Q1 FY27 print. On watch (8). Promoter having 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; Related-party lines in H1 FY25 filings are mainly KMP pay and ESOP exercises, routine but monitored. ## What else do people ask about Home First Finance Company India? ### What is Home First Finance Company India's share price today? Home First Finance Company India Ltd's share price is ₹1,082.30, −4.4% over the past year. The whole company is worth ₹11,318 Cr on the market. In the last 52 weeks it traded between ₹930 to ₹1,242; today it is 49% of the way up from the low, 5.1% below its 200-day average (as of 4 November 2026). ### What were Home First Finance Company India's latest quarterly results? Home First Finance Company India Ltd reported total income of ₹567 Cr and net profit of ₹170 Cr for the Sep 2026 quarter. Income rose 18.9% and profit rose 28.8% compared with a year earlier. Earnings per share were ₹16.28. Gross NPA stood at 1.80% of the loan book (as of 4 November 2026). ### What is Home First Finance Company India's market cap? Home First Finance Company India Ltd's market capitalisation is ₹11,318 Cr at a share price of ₹1,082.30. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is Home First Finance Company India performing? Home First Finance Company India Ltd's share price has been falling for 1 weeks. In its latest quarter, income rose 18.9% and profit rose 28.8% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 8 weeks running (as of 4 November 2026). ### Will Home First Finance Company India's share price go up? This page does not forecast Home First Finance Company India Ltd's share price. What it shows instead: the share price is ₹1,082.30, and it has been falling for 1 weeks. Its P/BV of 2.4× is higher than 2% of its own last 6 years (as of 4 November 2026). ### Where is Home First Finance Company India in its business cycle? Home First Finance Company India Ltd's FY26 net margin was 28.1%, against a 13-year range of 7.7% to 31.2%: the middle of its own range, neither a peak nor a low. The latest quarter was 30.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the Home First Finance Company India story? The main question: yearly earnings per share moved +22.1% while the share price moved −4.4%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is Home First Finance Company India a stock worth studying right now? What the numbers show: Home First Finance Company India Ltd's earnings have grown faster than its share price. Earnings per share grew +22.1% in a year while the price moved −4.4%. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ### Is there a Home First Finance Company India share price forecast for 2026? What management itself guided: 25% AUM growth to ₹20,000 crore by Mar27 on team-stability momentum with 20-25 branches yearly pace, 10-15 adds in H2. What would change the story: Revenue growth falls materially while profit growth slows and management no longer attributes disbursement growth to home loans. ### Where does this page get Home First Finance Company India's management information? From Home First Finance Company India's results calls, its filings and public records on governance, each dated on the page. Management’s plans are shown as plans, never as results. This is research, not advice. We’re not SEBI-registered.