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Repco Home Finance Ltd Stock Analysis

Small Cap
Evaluated by 2421 users | BSE: 535322 | NSE: REPCOHOME |
Finance - Housing
Repco Home Finance is a professionally managed housing finance company headquartered in Chennai, Tamil Nadu. The company is promoted by The Repatriates Co-operative Finance and Development Bank (Repco Bank), a Government of India owned enterprise, in April 2000, to tap the growth potential in...

Analysis of Financial Track Record

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 not performed well majority of the past ten years indicating its past ten year financial track record is not good
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Operating Income (Rs. Cr.)2263194065346928811,0441,1071,1891,345
Y-o-Y Gr. Rt.-41.4%27.2%31.7%29.5%27.3%18.6%6%7.4%13.1%
Adjusted EPS (Rs.)
Adjusted Earning per Share is the company’s net profit per share after adjusting for extra-ordinary/exceptional items
12.5213.2312.8717.7119.742429.1332.1337.5144.81
Y-o-Y Gr. Rt.-5.7%-2.7%37.6%11.5%21.6%21.4%10.3%16.7%19.5%
Book Value per Share (Rs.)
The total value that a company will fetch upon liquidation (if it is closed down), after settling all obligations is called its Book Value. Book value of a company includes only tangible assets. Book value allocated to each outstanding share is called Book Value per share
53.3465.3102.08117.91128.71152.38181.78209.15244.15285.63
Y-o-Y Gr. Rt.-22.4%56.3%15.5%9.2%18.4%19.3%15.1%16.7%17%
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%): Colour Rating Guide
  • >1.25 : Very Good
  • 1-1.25 : Somewhat Good
  • <1: Not Good
Net Profit/Total Funds (%)3.242.492.422.592.282.172.172.142.272.44
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Repco Home Finance Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Operating Income22%14.2%8.8%13.1%
Adjusted EPS
Adjusted Earnings per Share is the Company’s net profit per share after adjusting for extra-ordinary/exceptional items.
15.2%17.8%15.4%19.5%
Book Value per Share
20.5%17.3%16.3%17%
Share Price - -17.1% -24.6% -12.5%
Key Financial Ratios
RATIOS \ YEARSMar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Asset Quality Ratio
To view Asset Quality Ratio Colour Rating Guide click here
Asset Quality Ratio: Colour Rating Guide
  • <0.5 : Very Good
  • 0.5-1 : Somewhat Good
  • >1 : Not Good
Net NPA to Net Advances (%)00.950.990.720.50.481.391.291.370
Capitalization Ratio
To view Capitalization Ratio Colour Rating Guide click here
Capitalization Ratio: Colour Rating Guide
  • >14% : Very Good
  • 12%-14% : Somewhat Good
  • <12% : Not Good
Capital Adequacy Ratio (%)18.216.525.524.5120.320.7420.823.0424.080
Margins
Net Profit Margin (%) 25.7819.2819.7320.6117.7917.0417.4518.1519.7320.84
Performance Ratios
To view Performance Ratios Colour Rating Guide click here
Performance Ratios: Colour Rating Guide
  • >15 : Very Good
  • 12-15 : Somewhat Good
  • <12 : Not Good
Return on Equity (%) 26.2722.3117.0716.116.0317.117.4416.4416.5516.92
Corporate Governance What do we look at?
Corporate Governance
Board Credentials
Promoter's holding
Transparency
Integrity
Entity Percentage Holding
Promoters 37.13%
Institutions 39.25%
Non-Institutions 23.62%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Repco Home Finance Ltd and arrived at the following conclusion:

Past 10 year's financial track record indicates that Repco Home Finance Ltd is a below average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Repco Home Finance Ltd's performance infers:

Repco Home Finance Ltd earnings have grown by 17.8%, whereas share price has depreciated -17.1% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

Data is not available for this company

Repco Home Finance is a professionally managed housing finance company headquartered in Chennai, Tamil Nadu. The company is promoted by The Repatriates Co-operative Finance and Development Bank (Repco Bank), a Government of India owned enterprise, in April 2000, to tap the growth potential in the housing finance industry. The company is registered as a housing finance company with the National Housing Bank (NHB), the housing finance regulator of India. It is engaged primarily

Repco Home Finance is a professionally managed housing finance company headquartered in Chennai, Tamil Nadu. The company is promoted by The Repatriates Co-operative Finance and Development Bank (Repco Bank), a Government of India owned enterprise, in April 2000, to tap the growth potential in the housing finance industry. The company is registered as a housing finance company with the National Housing Bank (NHB), the housing finance regulator of India. It is engaged primarily in the business of financing (i) the construction and/or purchase of residential and commercial properties including repairs and renovations (individual home loans) and (ii) loans against properties (loans against property).

The company was having 73  branches and  19 satellite  centres located in Tamil Nadu, Karnataka, Andhra Pradesh, Kerala, Maharashtra, Odisha, West Bengal, Gujarat and  the Union Territory of  Puducherry by the end of the last calender year. Also, 77 of the company’s branches and satellite centres are located in tier 2 and tier 3 cities, and at the peripheries of tier 1 cities.

The company’s loan portfolio is well diversified across salaried and non - salaried borrowers. The non-salaried borrower base, which is a relatively under penetrated target segment, comprises Self Employed Professionals (SEP) and Self Employed Non-Professional (SENPs).

The company intends to grow its loan book, income and profits through deepening its reach in existing regions and expanding to new regions, continued focus on under penetrated markets, maintaining strong asset quality through continued focus on risk management, accessing low cost and diversified sources of funds, and maintaining low operating costs, amongst others.

Product of the company

  • Dream Home Loan
  • Home Makeover Loan
  • Plot Loans
  • Super Loan
  • Fifty Plus Loan
  • NRI Housing Loan
  • Prosperity Loan
  • New Horizon Loan

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 our 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 our 50th branch

2011: Rated “A+ (stable)” by ICRA

2012: Opening of our 70th branch

2012: Loan book crossed Rs 30 billion

2013: Reaffirmed “A+ (stable)” rating by ICRA for term loan facilities aggregating to Rs 2,974.80 million.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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