Repco Home Finance Ltd - Stock Valuation and Financial Performance

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

Repco Home Finance Share Price

392.60 1.05 0.27%
as on 19-Mar'24 10:14

DeciZen - make an informed investing decision on Repco Home Finance

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Repco Home Finance stock performance -

mw4me loader
P/E Ratio (SA):
6.64
Market Cap:
2,449.6 Cr.
52-wk low:
168.5
52-wk high:
492

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 Fair zone.

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

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Repco Home Finance Ltd is likely to Fall 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Operating Income (₹ Cr.)5346928811,0441,1071,1891,3451,3731,2901,2841,446
YoY Gr. Rt. %-29.5%27.3%18.6%6%7.4%13.1%2.1%-6.1%-0.5%-
Adj EPS (₹ ) 17.719.72429.132.137.544.84630.647.358.9
YoY Gr. Rt. %-11.5%21.6%21.4%10.3%16.7%19.5%2.6%-33.4%54.6%-
BVPS (₹ )117.9128.7152.4181.8209.2244.2285.6329.2357.4402.2445.3
YoY Gr. Rt. %-9.2%18.4%19.3%15.1%16.7%17%15.2%8.6%12.6%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)2.62.32.22.22.12.32.42.41.62.40

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Net Interest Income10.2%3%-1.6%-0.5%
Adj EPS11.5%8.1%1.8%54.6%
BVPS14.6%14%12.1%12.6%
Share Price 1.9% -2.9% 8.4% 120.3%

Key Financial Ratios

RATIOS \ YEARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Asset Quality Ratio To view Asset Quality Ratio Colour Rating Guide click here
Net NPA to Net Advances (%)0.70.50.51.41.31.40000-
Capitalization Ratio To view Capitalization Ratio Colour Rating Guide click here
Capital Adequacy Ratio (%) 24.520.320.720.82324.10000-
Margins
Net Profit Margin (%)20.617.81717.518.219.720.820.914.923.125.5
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)16.11617.117.416.416.616.9158.912.513.2

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 13.90%

Net Profit has increased 1.84 CAGR in last 3 years

Total income growth is good in last 4 quarters

Total Income has declined 17.33 CAGR in last 3 years

Latest Financials - Repco Home Finance Ltd.

Standalone Consolidated
TTM EPS (₹) 58.9 61.8
TTM Sales (₹ Cr.) 1,446 1,446
BVPS (₹.) 445.3 458.3
Reserves (₹ Cr.) 2,723 2,805
P/BV 0.88 0.85
PE 6.64 6.34
From the Market
52 Week Low / High (₹) 168.50 / 492.00
All Time Low / High (₹) 90.75 / 923.00
Market Cap (₹ Cr.) 2,450
Equity (₹ Cr.) 62.6
Face Value (₹) 10
Industry PE 8.4

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

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Analyst's Notes

Key Ratios of Repco Home Finance

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Income5356938821,0461,1101,1951,3511,3921,3071,299
Interest Income5346928811,0441,1071,1891,3451,3731,2901,284
Other Income 1112366191615
Expenditure 3865076527668038359911,0021,047898
Interest Expense 325431548646649720825807690701
Operating Expenses 375463667896104106115137
Provisions 252140537619628924260
Exceptional Items 0000000000
Profit Before Tax 149186230280307360360390260401
Taxes 396380981061258010268105
Profit After Tax 110123150182201235280288192296
Adjusted EPS (₹)17.719.724.029.132.137.544.846.030.647.3
Dividend Payout Ratio (%)7%8%8%7%7%7%6%5%8%6%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Equity Capital7388129551,1371,3081,5271,7872,0592,2362,516
Share Capital 62626363636363636363
Reserves 6767508921,0751,2461,4651,7241,9972,1732,454
Minority Interest0000000000
Long Term Borrowings2,9483,9905,1785,7616,7528,6029,0859,1708,6268,868
Current Liabilities 1,0311,2731,6302,1451,6718271,1231,1361,1361,139
Trade Payables1000000121
Short term borrowings3984854979221,4237991,0601,0681,0851,091
Other Liabilities-399-485-497-922-1,423-799-1,060-1,069-1,087-1,092
Total Liabilities 4,7176,0767,7639,0439,73110,95711,99512,36511,99712,523

Assets

Non Current Asset 4,3815,6497,2258,4069,68510,88811,65811,89711,37812,052
Loan Asset 4,3585,6207,1928,3699,62810,81411,56111,80611,26011,932
Other Non Current Asset 2328333757759791118119
Current Asset 3364275396374669336468619472
Current Investment0000000000
Other Current Asset3364275396374669336468619472
Total Assets 4,7176,0767,7639,0439,73110,95711,99512,36511,99712,523

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -1,011-1,193-1,414-1,001-557-1,015349849691-363
Cash Flow From Investing Activity -6-7-7-60-11-312-163160
Cash Flow From Financing Activity 8291,1951,4241,0095621,058-79-730-531205
Net Cash Flow -188-532532267131-22
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Operational & Financial Ratios

EPS (₹)18202429323845463147
DPS (₹)1222233333
BVPS (₹)118129152182209244286329357402

Performance Ratios

ROA (%)2.62.32.22.22.12.32.42.41.62.4
ROE (%)16.116.017.117.416.416.616.915.08.912.5
ROCE (%)11.411.711.611.410.510.610.49.97.99.0

Valuation Parameters

Price/Book(x)2.85.03.83.92.61.90.41.00.50.5

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 19-Mar-2024 10:14 is ₹392.6.
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 19-Mar-2024 10:14 the market cap of Repco Home Finance stood at ₹2,449.6.
The latest P/E ratio of Repco Home Finance as of 19-Mar-2024 10:14 is 6.64.
The latest P/B ratio of Repco Home Finance as of 19-Mar-2024 10:14 is 0.88.
The 52-week high of Repco Home Finance is ₹492.0 and the 52-week low is ₹168.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Repco Home Finance is ₹1,446 ( 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%.
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