Omega promo web banner
Omega promo Mobile banner

Repco Home Finance Ltd - Stock Valuation and Financial Performance

BSE: 535322 | NSE: REPCOHOME | Finance - Housing | Small Cap

Repco Home Finance Share Price

426.55 8.05 1.92%
as on 13-Jun'25 16:59

DeciZen - make an informed investing decision on Repco Home Finance

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Repco Home Finance stock performance -

mw4me loader
P/E Ratio (SA):
6.07
Market Cap:
2,668.6 Cr.
52-wk low:
308
52-wk high:
594.7

Is Repco Home Finance Ltd an attractive stock to invest in?

1. Is Repco Home Finance Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Repco Home Finance Ltd is a average quality company.

2. Is Repco Home Finance Ltd undervalued or overvalued?

The key valuation ratios of Repco Home Finance Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Repco Home Finance Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Repco Home Finance Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Repco Home Finance:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Repco Home Finance Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Operating Income (₹ Cr.)6928811,0441,1071,1891,3451,3731,2901,2841,5251,670
YoY Gr. Rt. %-27.3%18.6%6%7.4%13.1%2.1%-6.1%-0.5%18.8%-
Adj EPS (₹ ) 19.72429.132.137.544.84630.647.363.170.2
YoY Gr. Rt. %-21.6%21.4%10.3%16.7%19.5%2.6%-33.4%54.6%33.3%-
BVPS (₹ )128.7152.4181.8209.2244.2285.6329.2357.4402.2462.6529.7
YoY Gr. Rt. %-18.4%19.3%15.1%16.7%17%15.2%8.6%12.6%15%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)2.32.22.22.12.32.42.41.62.430

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Net Interest Income9.2%5.1%3.5%18.8%
Adj EPS13.8%11%11.1%33.3%
BVPS15.3%13.6%12%15%
Share Price -3.2% 32.4% 50.2% -20.4%

Key Financial Ratios

RATIOS \ YEARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Asset Quality Ratio To view Asset Quality Ratio Colour Rating Guide click here
Net NPA to Net Advances (%)0.50.51.41.31.400000-
Capitalization Ratio To view Capitalization Ratio Colour Rating Guide click here
Capital Adequacy Ratio (%) 20.320.720.82324.100000-
Margins
Net Profit Margin (%)17.81717.518.219.720.820.914.923.125.926.3
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)1617.117.416.416.616.9158.912.514.613.3

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.20%

Total Income has increased 3.54 CAGR in last 3 years

Net Profit has increased 11.13 CAGR in last 3 years

Total income growth is good in last 4 quarters

No data to display

Latest Financials - Repco Home Finance Ltd.

Standalone Consolidated
TTM EPS (₹) 70.2 73.8
TTM Sales (₹ Cr.) 1,670 1,670
BVPS (₹.) 529.7 547.8
Reserves (₹ Cr.) 3,251 3,364
P/BV 0.81 0.78
PE 6.07 5.78
From the Market
52 Week Low / High (₹) 307.95 / 594.70
All Time Low / High (₹) 90.75 / 923.00
Market Cap (₹ Cr.) 2,669
Equity (₹ Cr.) 62.6
Face Value (₹) 10
Industry PE 17.4

Management X-Ray of Repco Home Finance:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Sector Update: Housing Finance: Euphoria? Reduce Exposure - 26 Aug 2017

Markets have been very optimistic about housing finance companies due to Pradhan Mantri Awaas Yojana.

Almost all housing finance stocks are factoring in exponential growth in loan book.

We disagree with the market’s expectations due to

  1. very low benefit from subsidy i.e. just Rs. 2.6 Lac in absolute,
  2. non-availability of affordable homes,
  3. poor income proof & credit record to lend,
  4. no new demand just demand coming in earlier,
  5. select beneficial companies already factor in all the upside, etc.

Housing Finance has been in existence for long and we have always been very positive about housing finance as a secular business. In past, we had recommended buying 1-2 housing finance companies too.

Currently, the market has become more optimistic about housing finance companies due to Pradahan Mantri Awaas Yojana reform. Such schemes aren’t new and have been in functioning for long in different names. They haven’t been successful due to poor execution in terms of low credit history, no authentic income proof, lack of affordable houses, etc. Even if we assume no slippages in execution by NDA govt., it would not materially add to loan book growth for Housing Finance Companies.

NDA govt has tinkered with increasing interest rate subsidy to 6.5% for loans upto Rs. 6 Lac, 4% for loans upto Rs. 9 Lac and 3% for Rs. 12 Lac.  This is further capped at Rs. 2.6 Lac in absolute terms over period of 20 years. Hence, this leads to better pricing for sub Rs. 6 Lac loans, but not much discount for above Rs. 6 Lac loans. This leads to incremental benefit only for Gruh Finance, Repco Finance and other rural facing NBFCs.

However, this scheme may bring accelerated demand rather than linear demand which we were expecting over 10 years. So there are no new borrowers in the system but same number of borrowers buying early. For example, loan book may grow at 20% for 5 years and fall to 10-12% for next 5 years rather than our assumption of  15% CAGR over 10 Years. For this to happen, the availability of affordable houses is sacrosanct. Till now, many developers didn’t venture into affordable housing due to higher construction costs. But since, higher demand in record time due to PMAY would lead to better internal rate of return.

We believe the large quality companies like HDFC, ICICI Home Finance and LIC housing wouldn’t benefit as much from affordable housing segment. Ticket size is small and underwriting practices are conservative. Due to no income proof and below average job profile, these companies wouldn’t lend to such borrowers. We do not favour like Indiabulls Housing Finance and DHFL due to risky loan book of Loan Against Property. ICICI and SBI Housing Finance arms are not listed separately hence can’t comment.

Among smaller peers, we believe Gruh, Repco, Can Fin, Gold Loan NBFCs, Micro-Finance and PNB Housing could benefit. However, these companies’ valuations already factor more than estimated growth in loan book which anyways limits the upside. Within the above mentioned companies we like Gruh and CanFin homes due to conservative underwriting practices. Rest are aggressive and risky.

We have often seen that there is always Euphoria around some reform getting passed. As usual when it doesn’t materialize in time, people get tired waiting. We believe similar thing to happen in this space. Growth is not going to come in hurry due to multiple reasons. Stock prices have already factored in large growth which would lead to limited upside. This would fade away people’s interests in housing finance companies.

We believe there are no exponential returns to be made in this sector and investors should stay away from this sector. Downside is real and could be brutal over 2 years. We prefer sectors which have quality businesses and factoring in reasonable growth at decent valuation multiples.

Every subscriber might be interested in different housing finance co. Since it’s a sector update, uploading the same note in all the relevant companies.

Key Ratios of Repco Home Finance

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Income6938821,0461,1101,1951,3511,3921,3071,2991,542
Interest Income6928811,0441,1071,1891,3451,3731,2901,2841,525
Other Income 11236619161517
Expenditure 5076527668038359911,0021,0478981,017
Interest Expense 431548646649720825807690701846
Operating Expenses 5463667896104106115137162
Provisions 214053761962892426010
Exceptional Items 0000000000
Profit Before Tax 186230280307360360390260401525
Taxes 6380981061258010268105130
Profit After Tax 123150182201235280288192296395
Adjusted EPS (₹)19.724.029.132.137.544.846.030.647.363.1
Dividend Payout Ratio (%)8%8%7%7%7%6%5%8%6%5%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Equity Capital8129551,1371,3081,5271,7872,0592,2362,5162,894
Share Capital 62636363636363636363
Reserves 7508921,0751,2461,4651,7241,9972,1732,4542,831
Minority Interest0000000000
Long Term Borrowings3,9905,1785,7616,7528,6029,0859,1708,6268,8689,692
Current Liabilities 1,2731,6302,1451,6718271,1231,1361,1361,1391,120
Trade Payables0000001212
Short term borrowings4854979221,4237991,0601,0681,0851,0911,069
Other Liabilities-485-497-922-1,423-799-1,060-1,069-1,087-1,092-1,071
Total Liabilities 6,0767,7639,0439,73110,95711,99512,36511,99712,52313,705

Assets

Non Current Asset 5,6497,2258,4069,68510,88811,65811,89711,37812,05213,170
Loan Asset 5,6207,1928,3699,62810,81411,56111,80611,26011,93212,998
Other Non Current Asset 28333757759791118119172
Current Asset 4275396374669336468619472535
Current Investment0000000000
Other Current Asset4275396374669336468619472535
Total Assets 6,0767,7639,0439,73110,95711,99512,36511,99712,52313,705

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -1,193-1,414-1,001-557-1,015349849691-363-685
Cash Flow From Investing Activity -7-7-60-11-312-163160-109
Cash Flow From Financing Activity 1,1951,4241,0095621,058-79-730-531205747
Net Cash Flow -532532267131-22-46
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Operational & Financial Ratios

EPS (₹)20242932384546314763
DPS (₹)2222333333
BVPS (₹)129152182209244286329357402463

Performance Ratios

ROA (%)2.32.22.22.12.32.42.41.62.43.0
ROE (%)16.017.117.416.416.616.915.08.912.514.6
ROCE (%)11.711.611.410.510.610.49.97.99.010.5

Valuation Parameters

Price/Book(x)5.03.83.92.61.90.41.00.50.50.9

Repco Home Finance Ltd Stock News

Repco Home Finance Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Repco Home Finance on 13-Jun-2025 16:59 is ₹426.6.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 13-Jun-2025 16:59 the market cap of Repco Home Finance stood at ₹2,668.6.
The latest P/E ratio of Repco Home Finance as of 13-Jun-2025 16:59 is 6.07.
The latest P/B ratio of Repco Home Finance as of 13-Jun-2025 16:59 is 0.81.
The 52-week high of Repco Home Finance is ₹594.7 and the 52-week low is ₹307.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Repco Home Finance is ₹1,670 ( Cr.) .

About Repco Home Finance Ltd

Repco Home Finance Ltd (RHFL) is a professionally managed housing finance company, incorporated in April 2000. It is registered as a housing finance company with the National Housing Bank (NHB). The company is operating through many branches and several satellite centres in Tamil Nadu, Andhra Pradesh, Jharkhand, Kerala, Karnataka, Maharashtra, Madhya Pradesh, Gujarat, Odisha, West Bengal and Puducherry. The mission of RHFL has been to translate into reality the aspirations of people to own a house by covering the market -existing and potential- comprehensively through institutional credit support customized to suit individual needs in a transparent and ethical way.

The salient and unique features of RHFL are innovative loan products, direct customer contact and customer ownership, focus on quality customer servicing, transparency and speed of operations, focus on relatively under-penetrated markets and balanced portfolio mix, robust risk management systems and processes, low cost operations, well recognized brand in south India with an established track record, stable and experienced senior management team. The Company’s products have been developed to suit the needs of different customers.

Business area of the company

The company provides a variety of tailor-made home loan products to individual borrowers in both salaried and non-salaried (self-employed professional and self-employed non-professional) classes to suit various requirements.

Products

‘Repco - Rural’ Home Loans: Loans to Individuals under ‘Weaker Section’ Category in Rural areas for Purchase/Construction/Repairs/renovation/upgradation of house

Dream Home Loan: Housing loans for the purpose of construction or purchase of a residential property.

Home makeover Loan: Loans for the purpose of repairs, renovation, and / or extension/improvement of a residential property.

Plot Loans: Loans for outright purchase of plots for construction of a house thereon.

NRI Housing Loans: Loans to Non-Resident Indians for construction/ purchase of house in India.

Prosperity Loan: Loans against mortgage of immovable property for such purposes as may be desired by the borrower.

New Horizon Loan: Loans for purchase and / or construction of non-residential and commercial property like Marriage Halls, Shopping complex, Office buildings etc.

Commercial Real Estate (CRE) Loan: Loans for construction/purchase of integrated house buildings comprising of some commercial spaces like shops/office spaces combined with residential building with substantial floor space allotted for residential premises.

Fifty Plus Loan: Home loans exclusively to salaried class borrowers who are aged above 50 years in which their loan repayments and disbursements are structured around their retirement / pension income.

Super Loan: Loans for construction (including extensions and additions to existing property) on the land owned by borrower’s parents.

Milestones

  • 2000: Incorporated as Repco Home Finance
  • 2002: Received certificate of registration from NHB
  • 2003: Loan book crossed Rs 1,000 million
  • 2007: Opening of 25th branch
  • 2007: Investment by Carlyle
  • 2007: Loan book crossed Rs 5,000 million
  • 2009: Loan book crossed Rs 10 billion
  • 2009: First branch outside the southern states opened in Pune, Maharashtra
  • 2010: Rated ‘LA+ (stable)’ by ICRA
  • 2010: Opening of 50th branch
  • 2011: Rated ‘A+ (stable)’ by ICRA
  • 2012: Opening of 70th branch
  • 2012: Loan book crossed Rs 30 billion
  • 2014-15: Launch of National Investment and Infrastructure Fund with flow of funds to the tune of Rs. 20,000 crores, which would enable the fund to borrow money and invest equity money in infrastructure finance companies and NHB.
  • 2017-18: Launch of a new Home Loan Scheme Repco Super Delight plus
  • 2019-20: The loan book of the Company as at the end of financial year 2019-20 was Rs. 11826.12 crore as against Rs. 11,036.82 crore in the previous year representing a growth of 7.15%.
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2025 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.
×
Please wait your portfolio is updating...