Home First Finance Company India Ltd. (HOMEFIRST) AI Stock Analysis

• Market Cap: ₹106.70B
• Dividend Yield: 0.33%
• Average Volume (3M): 7.04K
• Price to Earnings (P/E): 21.8
• Beta (1Y): 1.27
• Revenue Growth: 31.75%
• EPS Growth: 21.70%
• Country: IN
• Employees: 1,249
• Sector: Real Estate
• Sector Strength: 53
• Industry: Financial - Mortgages
• EPS (TTM): 12.53
• Shares Outstanding: 103,923,210
• 10 Day Avg. Volume: 5,776
• 30 Day Avg. Volume: 7,043
• PEG Ratio: 0.99
• Price to Book (P/B): 3.56
• Price to Sales (P/S): 5.85
• P/FCF Ratio: -4.06
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 59 Neutral
• Price Target: ₹1,144.00 ▲(4.61% Upside)

Home First Finance's overall score is primarily influenced by strong financial performance with high revenue growth and profitability. However, significant leverage and negative cash flows present risks. Technical analysis indicates bearish momentum, and valuation metrics suggest fair pricing but limited dividend income.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective business strategies, enhancing long-term sustainability.

Profitability

Improved profitability suggests efficient operations and cost management, supporting future financial health and shareholder returns.

High Margins

High margins reflect strong pricing power and cost efficiency, providing a buffer against market volatility and economic downturns.

Negative Factors

High Leverage

High leverage increases financial risk, potentially impacting the company's ability to withstand economic downturns or rising interest rates.

Negative Cash Flows

Negative cash flows indicate challenges in converting profits into cash, which can limit reinvestment and growth opportunities.

Debt Reliance

Reliance on debt financing may constrain financial flexibility and increase vulnerability to interest rate hikes and credit market conditions.

Home First Finance Company India Ltd. Business Overview & Revenue Model

Company Description

Home First Finance Company India Limited operates as a housing finance company in India. The company offers housing loans for the purchase or construction of homes, loans against property, loans for extension and renovation of home, and loans for purchase of commercial property. It serves salaried and self-employed customers. The company was incorporated in 2010 and is headquartered in Mumbai, India.

How the Company Makes Money

Home First Finance Company generates revenue primarily through the interest income earned on the home loans it disburses to customers. The company charges interest on these loans, which is typically higher than the cost of funds it raises through various sources, including bank borrowings and bonds. Additionally, HOMEFIRST may earn fees from processing loan applications, loan origination, and other related services. Key revenue streams include interest income from loans, fees from ancillary services, and potential income from insurance products associated with home loans. The company may also engage in strategic partnerships with real estate developers and financial institutions, which can lead to increased loan disbursements and additional revenue opportunities.

Home First Finance Company India Ltd. Financial Statement Overview

Summary

Home First Finance demonstrates strong revenue growth and profitability with high margins typical of the mortgage industry. However, the substantial leverage and negative operating cash flows are areas of concern, indicating potential financial risks. Improved return on equity and revenue growth suggest positive long-term prospects.

Income Statement

Home First Finance has demonstrated strong revenue growth over the years, with a revenue increase from 2024 to 2025. The gross profit margin remains high due to the nature of the mortgage industry, with margins consistently above 90%. The net profit margin has improved significantly, indicating enhanced profitability. EBIT and EBITDA margins are strong, reflecting effective cost management.

Balance Sheet

The company's debt-to-equity ratio is relatively high, indicating significant leverage, which is typical in the financial sector. However, return on equity has shown improvement, reflecting better profitability for shareholders. The equity ratio indicates a moderate reliance on debt financing, which poses potential risks in volatile markets.

Cash Flow

The operating cash flow has been negative in recent years, which is concerning as it suggests cash outflows from core operations. Despite this, free cash flow has shown signs of growth, although it remains negative. The ratios of operating and free cash flow to net income highlight challenges in translating accounting profits into actual cash flows.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	14.33B	13.25B	9.80B	6.93B	4.78B	4.08B
Gross Profit	5.33B	4.88B	3.93B	3.21B	2.13B	1.49B
EBITDA	5.92B	5.48B	4.42B	3.23B	2.55B	1.59B
Net Income	4.13B	3.82B	3.06B	2.28B	1.86B	1.00B
Balance Sheet
Total Assets	136.73B	122.12B	95.34B	67.37B	51.17B	45.10B
Cash, Cash Equivalents and Short-Term Investments	17.29B	9.38B	8.22B	5.80B	6.61B	10.89B
Total Debt	96.74B	95.51B	73.02B	48.13B	34.67B	30.54B
Total Liabilities	98.18B	96.90B	74.12B	49.20B	35.43B	31.30B
Stockholders Equity	25.21B	25.21B	21.21B	18.17B	15.74B	13.81B
Cash Flow
Free Cash Flow	-10.63B	-22.10B	-19.16B	-14.58B	-8.11B	-2.26B
Operating Cash Flow	-10.56B	-21.98B	-19.08B	-14.51B	-8.07B	-2.23B
Investing Cash Flow	2.40B	-2.12M	-2.17B	-2.84B	8.04B	-6.15B
Financing Cash Flow	6.67B	22.17B	24.70B	13.53B	4.11B	9.00B

Home First Finance Company India Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1093.55
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HOMEFIRST, the sentiment is Negative. The current price of 1093.55 is below the 20-day moving average (MA) of 1115.22, below the 50-day MA of 1140.16, and below the 200-day MA of 1215.86, indicating a bearish trend. The MACD of -27.78 indicates Positive momentum. The RSI at 25.12 is Positive, neither overbought nor oversold. The STOCH value of 9.86 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:HOMEFIRST.

Home First Finance Company India Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CANFINHOME	73 Outperform	₹118.47B	12.86	―	1.37%	8.92%	12.32%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
AAVAS	64 Neutral	₹114.72B	19.01	―	―	―	―
REPCOHOME	62 Neutral	₹26.14B	5.70	―	1.61%	8.10%	2.97%
HOMEFIRST	59 Neutral	₹106.70B	21.84	―	0.33%	31.75%	21.70%
APTUS	58 Neutral	₹137.85B	16.32	―	1.60%	28.47%	24.63%
INDIASHLTR	55 Neutral	₹85.29B	19.00	―	0.60%	35.30%	41.06%

Home First Finance Company India Ltd. Corporate Events

Home First Finance Allots ESOP Shares, Marginally Increases Paid-Up Capital

Home First Finance Company India Limited has allotted 28,601 equity shares of face value Rs. 2 each following the exercise of vested employee stock options under its ESOP II, ESOP 2021 and ESOP 2024 schemes. As a result, the company’s paid-up share capital has marginally increased from Rs. 20.77 crore to Rs. 20.78 crore, with the total number of equity shares rising from 10,38,94,611 to 10,39,23,212. The newly issued shares will rank pari passu with existing equity shares, and the company is in the process of completing listing formalities, underscoring its continued use of equity-based incentives to align employees’ interests with shareholder value while causing only minimal dilution for existing investors.

Home First Finance to Meet Investors and Analysts to Discuss Insights

Home First Finance Company India Limited has announced that its officials will hold one-on-one meetings with analysts and institutional investors on December 22 and 23, 2025. These meetings aim to provide financial insights and foster transparency by using publicly available documents, reflecting the company’s commitment to maintaining strong investor relations for informed stakeholder engagement.

Home First Finance Schedules Investor Meetings for December

Home First Finance Company India Limited has announced a schedule for upcoming meetings with analysts and institutional investors on December 17 and 18, 2025. These interactions aim to discuss the company’s performance and strategic outlook, using publicly available documents to guide discussions. This engagement reflects the company’s commitment to transparency and maintaining strong relationships with its stakeholders.

Home First Finance Expands Equity Through ESOP Allotment

Home First Finance Company India Limited has announced the allotment of 2,65,125 equity shares following the exercise of vested Employee Stock Options (ESOPs). This move increases the company’s paid-up share capital and aligns with the SEBI ESOP Regulations, 2021. The newly allotted shares will hold the same rights as existing shares, and the company is finalizing the necessary procedures for their listing. This development reflects the company’s commitment to rewarding its employees and potentially enhances its market position by increasing equity participation.

Home First Finance Announces Key Management Resignation

Home First Finance Company India Ltd. announced the resignation of Ms. Vilasini Subramaniam from her role as Head of Strategic Alliances, effective November 14, 2025. This change in senior management could impact the company’s strategic partnerships and alliances, potentially influencing its market positioning and stakeholder relations.