Home First Finance Share Price Target 2024, 2025, 2026 to 2030

In today’s world, where owning a home is a cherished dream, the need for affordable housing has skyrocketed. Home First Finance, a prominent player in the housing finance sector, stands at the forefront of this growing demand. With certified recognition as a “Great Place To Work” for three consecutive years, HOME FIRST isn’t just about numbers; it’s about fostering a positive workplace culture and a dedicated team driving success.

As we delve into HOMEFIRST’s share price predictions, we find an intriguing blend of financial strength, human capital growth, and expansion plans that make it a noteworthy contender.

About Home First Finance

Home First Finance Company India Ltd (NSE: HOMEFIRST) is a technology-driven, pan-India housing finance company specializing in affordable home loans for first-time buyers, with a primary focus on salaried individuals earning less than ₹50,000 per month. They boast an impressive 87% focus on housing loans with an average ticket size of ₹1.12 million, maintain strong liquidity, utilize data science for centralized underwriting, and possess a deep understanding of local property markets.

It is doing well financially. As of September 2021, they managed a whopping 4617 Crores in their piggy bank and lent out 1097 Crores in home loans during the 2020-2021 fiscal year.

They borrowed 3075 Crores as of September 2021, but they borrowed it from 19 different well-known lenders, kind of like asking different friends for help. They didn’t use commercial papers to borrow money, and they kept the cost of borrowing at 7.1%.

Home First Finance Company likes using technology. They use it to make applying for home loans easy, make customers happy, and keep their business safe from risks. They even have a special computer program that helps them quickly and accurately decide if someone can get a loan. They say “yes” to 88% of loan applications within just 48 hours, which is super fast!

Home First Finance isn’t just in one place. They’re like superheroes that spread out to lots of different cities. While they’re big in places like Gujarat and Maharashtra, they’re also moving into new cities that aren’t as big. This helps them avoid problems if something goes wrong in one place and lets them help more people find homes. Their way of growing shows they’re ready to serve more and more people.

In summary, Home First Finance Company India Ltd not only emerges as a formidable player in the housing finance sector but also showcases financial responsibility, a commitment to technology, and a well-thought-out strategy for expanding its market presence.

Homefirst Finance Q3 Results Summary

• Net profit surged by 34% to reach Rs 79 crore.
• Quarterly disbursement grew by over 29% to Rs 1,007 crore.
• Total loan book increased by 33.5% to Rs 9,014 crore in the December quarter.
• Total income witnessed a significant jump of 46.4% to Rs 301 crore.
• Despite a 40 basis points decline in net interest margin to 5.3%, the company reported higher profit.
• Gross NPA decreased to 1.7% of total advances, down by 10 basis points compared to the previous year.
• The gross NPA figure would have been 1.1% if not for the RBI circular mandating an increase in risk weight capital requirement on banks’ lending to NBFCs by 25 percentage points in November 2023

Home First Finance Shareholding Pattern Analysis

• Promoters’ stake in Home First Finance has decreased from 33.70% (Mar 2021) to 30.19% (Sep 2023), indicating a slight reduction.
• FIIs have shown growing interest, increasing their stake from 10.86% (Mar 2021) to 17.02% (Sep 2023).
• DIIs, after initially holding 42.64% (Mar 2021), reduced their stake significantly to 8.41% (Mar 2023), with a slight recovery to 9.96% (Sep 2023).
• Public shareholding has substantially risen, growing from 12.79% (Mar 2021) to 42.83% (Sep 2023), reflecting increasing retail investor participation.
• The number of shareholders decreased from 1,36,780 (Mar 2021) to 61,837 (Mar 2022) but has since increased to 78,918 (Sep 2023), indicating changes in the investor base.

Home First Finance Share Price Target 2024 – 2030

Home First Finance Share Price Target 2024

Home First Finance’s share price has shown resilience, with a projected growth trajectory in 2024. The target prices fluctuate between ₹869.63 and ₹1,120.80 throughout the year, indicating bullish sentiments.

The current market cap stands at ₹8,197 Cr., with a stock price of ₹926 (as of 20th February 2024), reflecting a P/E ratio of 28.6. The company demonstrates a healthy ROCE of 10.3% and ROE of 13.5%, alongside a low dividend yield of 0.29%. With a face value of ₹2.00 and a book value of ₹220, Home First Finance remains an attractive investment option.

Home First Finance Share Price Target 2025

Home First Finance Share Price Target 2026

Home First Finance Share Price Target 2027

Home First Finance Share Price Target 2028

Home First Finance Share Price Target 2029

Home First Finance Share Price Target 2030

Home First Finance Financial Condition: Last 5 Years

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• Infosys Share Price Target 2024 to 2030
• MTAR Share Price Target 2024 to 2030
• FDC Share Price Target 2024 to 2030

FAQs

What Is the Current Share Price Value of Home First Finance Company India Ltd?

As of February 20, 2024, the current share price value of HomeFirst is ₹926.

What Is the Market Value of Home First Finance?

The market capitalization of Home First Finance Company stands at ₹8,197 Crores.

What Is the Stock P/E Ratio of Home First Finance Company India Ltd?

The stock P/E ratio for HomeFirst is 28.6, with a median P/E of 36.1.

What Is The Share Price Target For Home First by 2025?

The expected target share prices for Home First Finance Company India Ltd in 2025 are projected to range between ₹879.40 (minimum) and ₹1,366.41 (maximum) over the year.

What Is The Share Price Target For Home First Finance Company India Ltd By 2030?

The target share prices for the year 2030 are expected to range between ₹2,391.61 (minimum) and ₹3,716.09 (maximum).

Should One Invest In Home First Finance?

Home First Finance Company (HOME FIRST) stands out with its promising financial performance, boasting consistent revenue growth and an impressive compound annual growth rate (CAGR) of 55.4% over the last five years. Effective financial management is evident through a reduction in working capital requirements. However, it’s worth noting that the stock trades at a premium, with a price-to-earnings (P/E) ratio of 31.5, signifying a relatively high market valuation.

Home First Finance Company India Ltd’s low promoter holding at 30.2% and a modest return on equity (ROE) of 11.9% over the past three years may raise concerns about promoter commitment and the company’s ability to generate returns on shareholder equity. Moreover, a low-interest coverage ratio poses a risk to the company’s financial flexibility in meeting interest expenses.

On a positive note, Home First Finance Company India Ltd operates in the thriving affordable housing sector, where demand remains robust, and the company is anticipated to have a good quarter. Although the ROE is not exceptionally high, it has remained steady.

Additionally, Home First Finance has fortified its liquidity position through successful funding initiatives, ensuring the availability of financial resources to support its expanding operations.

Looking forward, HomeFirst demonstrates its dedication to financial robustness and strategic expansion by planning to add 130 branches by the end of the financial year, highlighting ambitious growth plans. These initiatives collectively underscore Home First Finances’s commitment to strong financial performance and strategic expansion within the housing finance sector.

Potential investors should conduct comprehensive research, align with their investment goals, and evaluate risk tolerance before making decisions. While Home First Finance’s strong financial performance and presence in a high-demand sector are notable strengths, the valuation and lower promoter holding should be carefully considered in the investment decision-making process.

Author: Kanak Kanak, set to graduate in computer science from Hansraj College in 2026, contributes her multifaceted expertise to Financesrule.com. Kanak's keen understanding of the stock market, mutual funds, and equity market provides readers of Financesrule.com with tech-infused financial insights. Beyond Finance, she is also skilled in Python and fundraising. Currently, she serves as a researcher and writer for "The Young Environmentalist" magazine.