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Technology-driven affordable housing finance company lending to first-time home buyers in low-income segments.
Technology-driven affordable housing finance company lending to first-time home buyers in low-income segments.
Earns the spread between interest on home loans and its own cost of borrowing from banks, bond investors and housing-finance refinancing facilities, so funding costs matter as much as loan growth. Loans are small, to buyers with informal incomes, and it relies on its own staff to assess them.
Moat: narrow (process know-how, distribution). Digital, analytics-led underwriting for thin-file borrowers that larger lenders avoid.
Headquarters: Mumbai, India · Founded: 2010 · Employees: 1,855
Size Home First Finance Company India (HOMEFIRST.NS) is an India Financials company (Finance/Rental/Leasing) with a market value of $1.21B, the 546th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,091 on 6 Nov 2026.
Performance Over six months the shares fell 10.4%, against -5.6% for the median peer and 0.0% for the India market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue grew 19.2% over the last twelve months (peer median +3.6%); the operating margin is 41.5% (peer median 21.7%).
Valuation It trades at 2.45× book value against a peer median of 1.36× (3rd most expensive of 21).
Price implies The share price implies a return on equity of about 31.6%; Home First Finance Company India delivers 14.3%, so the price asks more than the business earns today.
Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹21.0B | ₹19.1B | ₹15.3B | ₹11.4B | ₹7.91B |
| Revenue growth | — | +25% | +35% | +44% | — |
| Gross profit | ₹12.5B | ₹18.8B | ₹15.1B | ₹11.3B | ₹7.81B |
| EBITDA | ₹8.90B | ₹15.6B | ₹12.6B | ₹9.25B | ₹6.32B |
| Net income | ₹6.20B | ₹5.40B | ₹3.82B | ₹3.06B | ₹2.28B |
| Free cash flow | n/a | ₹6.21B | ₹3.56B | ₹2.76B | ₹2.48B |
| Capital expenditure | n/a | ₹95.5M | ₹119M | ₹80.0M | ₹71.5M |
| Total debt | ₹122B | ₹106B | ₹95.8B | ₹73.2B | ₹48.3B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Home First Finance Company India HOMEFIRST.NS | $1.21B | -10% | +19% | 14% | 2.45× | 31.6% |
| Aptus Value Housing Finance India APTUS.NS | $927M | -36% | +18% | 20% | 1.60× | 23.2% |
| Aadhar Housing Finance AADHARHFC.NS | $1.99B | -14% | +18% | 16% | 2.48× | 31.1% |
| Aavas Financiers AAVAS.NS | $955M | -20% | +12% | 14% | 1.67× | 24.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | HOMEFIRST.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.3% | +2.6% | 7th lowest of 21 |
| 6-month return | -10.4% | -5.6% | 7th lowest of 21 |
| Return on equity | 14.3% | 10.0% | 6th highest of 21 |
| Price / book | 2.45× | 1.36× | 3rd most expensive of 21 |
| Trailing P/E | 18.5× | 12.8× | 5th most expensive of 20 |
| ROE the price implies | 31.6% | 10.6% | most demanding of 21 |
| ROE delivered | 14.3% | 9.9% | 6th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Home First Finance Company India HOMEFIRST.NS | India | $1.21B | -10% | +19% | 14% | 2.45× | 31.6% | 14.3% |
| Genertec Universal Medical 2666.HK | Hong Kong | $1.21B | -19% | 0% | 12% | 0.41× | 5.1% | 11.6% |
| Ricoh Leasing Company,Ltd 8566.T | Japan | $1.20B | 0% | +4% | 5% | 0.77× | 4.3% | 5.3% |
| Kanamoto 9678.T | Japan | $1.23B | +17% | +2% | 9% | 1.20× | 6.4% | 9.3% |
| Altus AIF.TO | Canada | $1.26B | +15% | -7% | -2% | 5.50× | 28.5% | -2.2% |
| Taiwan Acceptance 9941.TW | Taiwan | $1.31B | -6% | -3% | 12% | 1.10× | 3.8% | 12.2% |
| Five-Star Business Finance FIVESTAR.NS | India | $1.33B | -10% | +9% | 15% | 1.59× | 22.3% | 15.2% |
| Walker & Dunlop WD | United States | $1.34B | -28% | +9% | 2% | 0.76× | 10.0% | 2.2% |
| Zhejiang Haikong Nanke Huatie Digital Technology 603300.SS | China | $1.34B | -31% | +12% | 5% | 1.29× | 9.8% | 5.3% |
| Hotai Finance 6592.TW | Taiwan | $1.08B | -6% | -9% | 10% | 0.92× | 3.4% | 9.7% |
| SBFC Finance SBFC.NS | India | $1.08B | -5% | +28% | 14% | 2.52× | 31.2% | 13.6% |
| Can Fin Homes CANFINHOME.NS | India | $1.05B | -16% | +8% | 19% | 1.55× | 29.3% | 19.4% |
| Haitong Unitrust International Financial Leasing 1905.HK | Hong Kong | $1.38B | +57% | -20% | 6% | 0.52× | 4.2% | 6.5% |
| Atlanticus ATLC | United States | $1.38B | +8% | +84% | 23% | 1.97× | 24.5% | 22.9% |
| Duskin 4665.T | Japan | $1.40B | +20% | +3% | 7% | 1.43× | 5.4% | 6.7% |
| Zigup ZIG.L | United Kingdom | $1.41B | +14% | +3% | 7% | 0.96× | 12.8% | 7.1% |
| Upbound UPBD | United States | $1.41B | +29% | +3% | 16% | 1.88× | 23.5% | 15.5% |
| Willis Lease Finance WLFC | United States | $992M | -37% | +22% | 10% | 1.47× | 11.2% | 10.2% |
| PROG PRG | United States | $1.47B | +4% | +10% | 17% | 1.82× | 23.0% | 17.3% |
| Sun Hung Kai & 0086.HK | Hong Kong | $958M | -7% | -11% | 6% | 0.33× | 3.9% | 6.2% |
| Aavas Financiers AAVAS.NS | India | $955M | -20% | +12% | 14% | 1.67× | 24.3% | 14.0% |