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Repco Home Finance Ltd Stock Analysis

Small Cap
Evaluated by 2456 users | BSE: 535322 | NSE: REPCOHOME |
Finance - Housing

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...

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 - -15.5% -23.2% 148.5%
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 40.45%
Non-Institutions 22.42%
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 -15.5% 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 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

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%.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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