HOMEFIRST
Home First Finance Company India share price & financials
- Price
- ₹1,241.8
- Market cap
- ₹12.2k Cr
- Sector
- Financial Services
- Calls analysed
- 8
Home First Finance Company India Limited Q1 FY27
What went well
- AUM stood at ₹16,938 crores as of Jun'26, growing 25.7% year-on-year and 6.7% sequentially.
- Profit after tax increased by 34.5% year-on-year and 7.0% sequentially to ₹160 crores.
- Net Interest Margin (NIM) was 6.0%, up from 5.9% in the previous quarter.
What to watch
- Cost to income increased by 70 basis points sequentially to 32.7% due to increments and fresh hiring.
- Provision coverage on Stage 3 assets slightly decreased to 23.4% as of Jun'26 from 23.9% in Q4FY26.
What Home First Finance Company India Limited does
Home First Finance Company India Limited, founded in 2010, is an affordable housing finance company (HFC) that lends to first-time home buyers from low- and middle-income households building or buying their first home, along with related loan-against-property financing. It operates a hub-and-spoke distribution model built around a physical and digital branch network, with a data-science-backed, centralised underwriting process integrated with Account Aggregator data and proprietary customer-scoring models. Funding is sourced through a diversified base of bank and financial-institution lenders rather than commercial paper.
Segments
- Affordable housing finance
- Touchpoints (branches + extension points)
- 373
- Physical branches
- 171
- Digital branches
- 138
- States / Union Territories covered
- 13
- Districts covered
- 144
- Employees
- 1,855
Guidance record · Q1 FY27
what the last two calls moved 14 tracked 2 delivered 1 missed 11 open- Return on Equity (ROE) delivered said Q4 FY25 Promised: 15%+ in about 6 to 7 quarters Q1 FY27: The target was achieved in FY26 with a reported ROE of 15.7%. While the Q1 FY27 ROE dipped to 14.5%, the original milestone of reaching 15%+ has been met.
- AUM Growth delivered said Q2 FY25 Promised: 30%+ Q1 FY27: Promise relates to FY25 and is considered complete.
- Co-lending contribution at risk said Q1 FY26 Promised: 10% of disbursements Q1 FY27: Co-lending disbursements were weak at ₹46 crores (2.8% of total disbursements) due to process and policy hiccups. Management states these are being addressed, but performance has deteriorated.
All 14 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 18.5%, net profit up 34.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 373 | 406 | 415 | 454 | 477 +28% | 482 +19% | 501 +21% | 538 +19% |
| Net profit | 92 | 97 | 105 | 119 | 132 +43% | 140 +44% | 149 +42% | 160 +34% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −7.3% 1Y
1Y: ₹1,278.2 on 10 Sept 2025 → ₹1,184.5. High ₹1,302.8 (12 Sept 2025), low ₹904.8 (30 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- −0.1%
- 28 Jul
- Q4 FY26
- −0.7%
- 7 May
- Q3 FY26
- +6.1%
- 23 Jan
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 34.3% a year over 3 years, FY23 to FY26.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹790 Cr | ₹1.1k Cr | ₹1.5k Cr | ₹1.9k Cr |
| Interest | ₹305 Cr | ₹500 Cr | ₹716 Cr | ₹792 Cr |
| Depreciation | ₹8 Cr | ₹12 Cr | ₹15 Cr | ₹19 Cr |
| Net profit | ₹228 Cr | ₹305 Cr | ₹382 Cr | ₹540 Cr |
| Net margin | 28.9% | 26.8% | 25.0% | 28.2% |
| Cash from operations | ₹-1.5k Cr | ₹-1.9k Cr | ₹-2.2k Cr | ₹-1.9k Cr |
| Free cash flow | ₹-1.5k Cr | ₹-1.9k Cr | ₹-2.2k Cr | ₹-1.9k Cr |
| ROE | 13.0% | 16.0% | 16.0% | 16.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹17 Cr | ₹18 Cr | ₹18 Cr | ₹18 Cr | ₹21 Cr | ₹21 Cr |
| Reserves | ₹1.4k Cr | ₹1.6k Cr | ₹1.8k Cr | ₹2.1k Cr | ₹4.0k Cr | ₹4.3k Cr |
| Borrowings | ₹3.1k Cr | ₹3.5k Cr | ₹4.8k Cr | ₹7.3k Cr | — | ₹10.6k Cr |
| Other liabilities | ₹76 Cr | ₹76 Cr | ₹108 Cr | ₹110 Cr | ₹144 Cr | ₹220 Cr |
| Total liabilities | ₹4.5k Cr | ₹5.1k Cr | ₹6.7k Cr | ₹9.5k Cr | ₹13.8k Cr | ₹15.2k Cr |
| Fixed assets | ₹17 Cr | ₹20 Cr | ₹26 Cr | ₹30 Cr | ₹48 Cr | ₹56 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹375 Cr | ₹0 Cr | ₹281 Cr | ₹379 Cr | ₹401 Cr | ₹812 Cr |
| Other assets | ₹4.1k Cr | ₹5.1k Cr | ₹6.4k Cr | ₹9.1k Cr | ₹13.4k Cr | ₹14.3k Cr |
| Total assets | ₹4.5k Cr | ₹5.1k Cr | ₹6.7k Cr | ₹9.5k Cr | ₹13.8k Cr | ₹15.2k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public trimmed −9.22 pp while DIIs added +7.94 pp. The shareholder count shrank 6% to 81,261.
- Promoters
- 7.0%
- FIIs
- 43.9%
- DIIs
- 29.8%
- Public
- 19.3%
Since Jun 2025
- Public −9.22 pp
- DIIs +7.94 pp
- FIIs +6.71 pp
How it drifted, 12 quarters
Over this window FIIs went from 17.0% to 43.9% — +26.9 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 30.2%, FIIs 17.0%, DIIs 10.0%, Public 42.8%.Dec '23: Promoters 23.6%, FIIs 24.8%, DIIs 11.7%, Public 39.8%.Mar '24: Promoters 23.6%, FIIs 25.1%, DIIs 11.8%, Public 39.5%.Jun '24: Promoters 23.4%, FIIs 24.7%, DIIs 12.0%, Public 39.9%.Sep '24: Promoters 23.4%, FIIs 25.6%, DIIs 12.4%, Public 38.6%.Dec '24: Promoters 14.3%, FIIs 37.9%, DIIs 18.3%, Public 29.5%.Mar '25: Promoters 14.3%, FIIs 36.0%, DIIs 19.8%, Public 29.9%.Jun '25: Promoters 12.4%, FIIs 37.2%, DIIs 21.9%, Public 28.5%.Sep '25: Promoters 12.4%, FIIs 40.0%, DIIs 28.8%, Public 18.8%.Dec '25: Promoters 12.3%, FIIs 40.8%, DIIs 27.6%, Public 19.2%.Mar '26: Promoters 7.0%, FIIs 45.7%, DIIs 27.5%, Public 19.8%.Jun '26: Promoters 7.0%, FIIs 43.9%, DIIs 29.8%, Public 19.3%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- HDFC Small Cap Fund Mutual fund newly disclosed 7.63% held
- Kotak Small Cap Fund Mutual fund newly disclosed 5.14% held
- Fidelity Funds - Asia Equity Esg Fund Global fund house newly disclosed 2.12% held
- Invesco India Flexi Cap Fund Mutual fund newly disclosed 1.14% held
- Mirae Asset Small Cap Fund Mutual fund newly disclosed 1.04% held
- Sundaram Mutual Fund A/C Sundaram Balanced Advanta Mutual fund newly disclosed 1.01% held
- Aditya Birla Sun Life Trustee Private Limited A/C Mutual fund +0.67 pp 2.01% held
- Canara Robeco Mutual Fund A/C Canara Robeco Small Mutual fund +0.09 pp 1.22% held
The same filing shows 3 holders trimming and 4 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Home First Finance Company India Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Smallcap World Fund, Inc Global fund house | 7.98% | unchanged |
| HDFC Small Cap Fund Mutual fund | 7.63% | newly disclosed |
| Government Pension Fund Global Sovereign | 5.30% | −0.39 pp |
| Kotak Small Cap Fund Mutual fund | 5.14% | newly disclosed |
| True North Fund V Llp | 4.72% | unchanged |
| International Finance Corporation NBFC / DFI | 3.43% | unchanged |
| Goldman Sachs Funds - Goldman Sachs India Equity P Global fund house | 2.52% | unchanged |
| Aether (Mauritius) Limited | 2.26% | unchanged |
| Fidelity Funds - India Focus Fund Global fund house | 2.21% | unchanged |
| Fidelity Funds - Asia Equity Esg Fund Global fund house | 2.12% | newly disclosed |
| Aditya Birla Sun Life Trustee Private Limited A/C Mutual fund | 2.01% | +0.67 pp |
| Pictet - Indian Equities Global fund house | 1.72% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in HOMEFIRST
Filings to Aug 2026
0 new, 5 added, 1 trimmed, 0 sold out — net +1.00 L shares (+1.4%).
- Held by funds
- ₹887 Cr
- 8 schemes
- Biggest holder
- HDFC Small Cap Fund
- ₹722 Cr · 1.7% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| HDFC Small Cap Fund HDFC Mutual Fund | ₹722 Cr | +0.98 L | Dec '24 |
| HDFC Balanced Advantage Fund HDFC Mutual Fund | ₹74 Cr | held | Apr '25 |
| HDFC Business Cycle Fund HDFC Mutual Fund | ₹64 Cr | held | Apr '25 |
| Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund | ₹18 Cr | +0.02 L | Sep '21 |
| SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund | ₹9 Cr | +0.01 L | Oct '22 |
| Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund | ₹1 Cr | +0.00 L | Sep '24 |
| SBI Nifty 500 Index Fund SBI Mutual Fund | ₹0 Cr | −0.00 L | Sep '24 |
| SBI Nifty Small Cap 250 ETF SBI Mutual Fund | ₹0 Cr | +0.00 L | May '26 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
5 added, 1 trimmed — net +1.00 L shares (+1.4%)
- Funds are sitting on
- +14%
- vs est. average cost
- Held by funds
- ₹887 Cr
- 8 schemes · ≈ 7.6% of the company
- Biggest holder
- HDFC Small Cap Fund
- ₹722 Cr · 1.7% of that fund
- Longest holder
- Nippon India Nifty Smallcap 250 Index Fund
- 5y · since Sep '21
Shares held by these funds +28612%
Aug '23 74.66 L shares Jul '26
All earnings calls (7)
Read the Q1 FY27 call →Learn to analyse Home First Finance Company India Limited
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