Repco Home Finance Ltd(REPCOHOME)

NSE: REPCOHOMEBSE: 535322

₹ 307.15-1.79%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 1,922 crWebsite: www.repcohome.comUpdated: 24 Oct 2026

About

Repco Home Finance Limited (RHFL) is a registered Housing Finance Company focused on home loans and home equity loans, primarily serving self-employed and salaried borrowers in southern India. As of June 2026, its loan book (AUM) stood at Rs.15,990 Cr, growing 8.9% YoY. The company operates 242 branches and satellite centres across India, with Tamil Nadu contributing 57% of AUM.^[1]

Business segments

Repco reports a single segment, housing related finance, which made up 100% of segment revenue of Rs.1,793.9 Cr in FY26.^[2]
The loan book was 71% housing loans and 29% home equity (non-housing) loans as of Q2 FY26. The non-housing share was up from 26% a year earlier, partly because of NHB reclassification guidelines.^[3]
The FY25 annual report said the non-housing book would be kept at around 30%.^[4]

Loan book and disbursements

AUM was Rs.15,990 Cr as of June 30, 2026, up 8.9% YoY from Rs.14,690 Cr and up 0.7% from Rs.15,880 Cr at March 2026.^[1]
FY26 disbursements were Rs.4,148 Cr, up 26% YoY from Rs.3,284 Cr and the highest in the company's history. Q4 FY26 alone was a record Rs.1,186 Cr.^[5]
Q1 FY27 disbursements were Rs.843 Cr, against Rs.829 Cr in Q1 FY26. Management linked the slow June to the annual cycle of branch-head transfers and promotions.^[1]
In FY26, about Rs.2,670 Cr of principal ran off the book: Rs.700 Cr in scheduled repayments, about Rs.1,900 Cr in prepayments and preclosures, and about Rs.400 Cr in balance transfers out.^[5]

Branch network and geographic reach

The network had 242 locations (210 branches and 32 satellite centres) as of Q1 FY27. No new branches opened in the quarter.^[1]
Tamil Nadu accounted for 57% of AUM and 62% of Q2 FY26 disbursements. Karnataka had 11% of AUM, Maharashtra 7%, Telangana 6% and Andhra Pradesh 5%.^[3]
In Q1 FY27, Telangana AUM grew 15% YoY and AUM in the 'Others' category grew 24% YoY.^[1]
DSA-sourced disbursements rose to 50% in Q3 FY26 from 35% in Q3 FY25. The other 50% was sourced in-house.^[6]

Key operating metrics

NIM was 5.4% in Q1 FY27, the same as for full-year FY26. The spread was 3.4% in Q1 FY27.^[1]
Cost of borrowings fell to 8.3% in Q1 FY27 from 8.7% in Q1 FY26. It was 8.56% for full-year FY26.^[1]
GNPA improved to 2.7% in Q1 FY27 from 3.3% in Q1 FY26. Stage-2 assets fell to 7.2% of AUM from 9.7% over the same period.^[1]
Credit cost was 0.2% in Q1 FY27. The Stage-3 provision coverage ratio was 54.5%, down from 64.7% in June 2025.^[1]
The capital adequacy ratio was 36.1% in Q1 FY27, and return on assets was 2.9%.^[1]
Loans sanctioned after April 2022 had Stage-2 of 3.9% and NPA of about 1%. The legacy book had Stage-2 of 12.7% and Stage-3 of 5.5%.^[5]
The liquidity coverage ratio was 144.40% as of March 31, 2025.^[4]

Borrowings and funding

The company sought to raise its borrowing limit from Rs.15,000 Cr to Rs.20,000 Cr for expansion and funding needs. Borrowings stood at Rs.12,215.19 Cr on 31 March 2026.^[7]
The FY26 annual report sets out plans for private placement of NCDs of up to Rs.1500 Cr and commercial paper of up to Rs.1000 Cr, to diversify funding.^[7]
In FY26, the company issued CP of Rs.100 Cr and Rs.50 Cr in June 2025 and NCDs of Rs.125 Cr on 13 March 2026, and completed a PTC securitisation.^[7]
The related-party limit with the promoter is Rs.1300 Cr, including borrowing of up to Rs.1200 Cr at 8.50%. Debt-equity is 3.13 before and 3.29 after this borrowing.^[7]
NHB sanctioned a Rs.600 Cr refinance facility for FY27. Rs.106 Cr was drawn in early August 2026.^[1]

Operations and technology

A two-phase IT overhaul, covering a mobile app and API links with Perfios, CERSAI and CIBIL, was completed by Q1 FY27.^[1]
By Q1 FY27, the company had set up separate verticals for sales, collections, NPA management and SARFAESI.^[1]
A retention programme launched in Q1 FY27 offers rate concessions to borrowers with a 24+ month track record, good LTV and good CIBIL scores, to reduce balance transfers out.^[1]
More than 3,600 SARFAESI notices were issued in FY25 as part of a recovery drive.^[4]

Expansion plans

The FY27 plan is to open 12-13 new branches, mainly in Andhra Pradesh, Telangana, Karnataka and western India.^[1]
The FY27 targets are AUM growth of 13-14% YoY (about Rs.18,000 Cr) and disbursements of Rs.5,000 Cr.^[1]
The Rs.25,000 Cr AUM target has moved to FY29 from FY28, counting both organic and inorganic growth.^[5]
Portfolio acquisitions through direct assignment are planned at about Rs.25-30 Cr in FY27.^[5]

Recent developments

In September 2026, Repco allotted Rs.75 Cr of unlisted commercial paper at a 7.60% coupon, maturing 23 December 2026.^[8]
In September 2026, ICRA assigned provisional ratings of [ICRA]AAA(SO) to Series A1 and [ICRA]AA(SO) to the equity tranche of the PRATHAM 09 2026 pass-through certificates.^[9]
The MD & CEO's pay was raised to Rs.102 lakh a year from 1 June 2026, including a 52.38% increase in variable pay.^[7]

Market Cap

₹1,922 Cr

High / Low

₹455 / 324

Stock P/E

4.4

Price / Book

0.5

Book Value

₹646

EPS

₹76.0

No. of Shares

6.26 Cr

ROE

12.7%

Debt / Equity

3.02

Sales

₹1,792 Cr

Net Profit

₹475 Cr

Promoter holding

37.1%

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Repco Home Finance Ltd(REPCOHOME)

About

Business segments

Loan book and disbursements

Branch network and geographic reach

Key operating metrics

Borrowings and funding

Operations and technology

Expansion plans

Recent developments

Signal history

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