Home First Finance Company India Ltd(HOMEFIRST)

NSE: HOMEFIRSTBSE: 543259

₹ 1,005.9-1.61%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 10,518 crNext results: 27 Oct 2026Website: www.homefirstindia.comUpdated: 24 Oct 2026

About

Home First Finance Company India Ltd is a housing finance company focused on affordable home loans, serving primarily salaried and self-employed customers in Tier 2 and Tier 3 cities across India. As of Q1 FY27, its AUM stood at ₹16,938 crore, growing 25.7% year-on-year.^[1][2]

Loan book and product mix

AUM reached ₹16,938 crore as of Q1 FY27, growing 25.7% YoY and 6.7% QoQ.^[1]
Housing loans to LAP mix maintained at approximately 80:20 as of FY26.^[3]
Co-lending book stood at ₹617 crore (3.6% of AUM) in Q1 FY27; co-lending disbursements were ₹46 crore in the quarter due to partner bank process changes.^[1]
Co-lending disbursements for full-year FY26 doubled to ₹307 crore from ₹153 crore in FY25.^[3]

Disbursements and origination

Q1 FY27 disbursements hit a record ₹1,628 crore, up 31.0% YoY and 3.6% QoQ, driven roughly 50% by volume and 50% by ticket-size increases.^[1]
Q4 FY26 disbursements were ₹1,572 crore, the highest ever at that time, up 23.5% YoY and 19.3% QoQ.^[3]
Monthly disbursements crossed ₹500 crore for the first time in December 2025.^[4]
More than 80% of loans are digitally fulfilled via e-agreements and e-NACH mandates; 81% of Q3 FY26 approvals were facilitated via the account aggregator framework.^[4]

Branch network and geography

175 branches as of Q1 FY27, with 4 branches added in the quarter; plan to add 30 - 40 branches per year.^[1]
Gujarat is the company's largest market and successfully navigated tariff-related stress, delivering strong growth and stable asset quality as of Q3 FY26.^[4]
Maharashtra (Mumbai and Pune) regained strong momentum in FY26 following a strategic shift to source from developer projects.^[3]
Tamil Nadu team rebuilt after tariff-related stress; UP, Tamil Nadu, Andhra Pradesh, and Telangana targeted for aggressive growth over 1 - 3 years.^[1]

Key operating metrics

NIM was 6.0% in Q1 FY27, up from 5.9% in Q4 FY26.^[1]
Spread excluding co-lending held at 5.3% in Q1 FY27; cost of borrowing fell 10 bps sequentially to 7.8%, with marginal borrowing cost at 7.6%.^[1]
Balance-transfer out rate dropped to a record-low 4.5% annualised in Q1 FY27, attributed to multi-quarter internal retention protocols including branch manager engagement and top-up pitches.^[1]
Capital adequacy ratio (CRAR) stood at 42.6% in Q1 FY27.^[1]
Credit cost was 40 bps in Q1 FY27; opex-to-assets was 2.8% in Q1 FY27.^[1]

Asset quality

Gross Stage 3 (GNPA) was 1.8% in Q1 FY27, flat QoQ; Net Stage 3 (NNPA) was 1.4%.^[1]
1+ DPD was flat at 4.7% and 30+ DPD flat at 3.2% in Q1 FY27, with management noting Q1 is historically the weakest collection quarter.^[1]
Asset quality improved sharply in Q4 FY26: 1+ DPD fell 60 bps sequentially to 4.7% and Gross Stage 3 fell 20 bps to 1.8%.^[3]

Technology and AI initiatives

'Cue', an in-house AI-orchestrated omnichannel customer communications platform, was operationalised in Q1 FY27.^[1]
Bureau analyser and contextual bank statement analysis models deployed in production; AI-led legal/technical valuation and income analysis in pilot as of Q1 FY27.^[1]

Expansion plans

Management reaffirmed ~25% AUM growth guidance for FY27.^[1]
Long-term vision to scale AUM to ₹35,000 crore by 2030, implying a compounded growth trajectory of 20 - 23%.^[4]
Full-year FY27 opex-to-assets guided at 2.6% - 2.7%, with the Q1 FY27 uptick to 2.8% expected to normalise.^[1]
Credit cost guided to remain within 30 - 40 bps for FY27; spread excluding co-lending targeted to stay in the 5.0% - 5.25% range.^[1]

Market Cap

₹10,518 Cr

High / Low

₹1,313 / 894

Stock P/E

18.9

Price / Book

2.5

Book Value

₹418

EPS

₹51.8

No. of Shares

10.43 Cr

ROE

15.7%

Debt / Equity

2.43

Sales

₹1,915 Cr

Net Profit

₹540 Cr

Promoter holding

7.0%

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