Time period given by analyst is six months when Home First Finance Company India Ltd. price can reach defined target.
Home First Finance Company India Ltd., incorporated in the year 2010, is a Small Cap company (having a market cap of Rs 5193.53 Crore) operating in NBFC sector.
Home First Finance Company India Ltd. key Products/Revenue Segments include Interest, Income From Financial Services, Other Operating Revenue and Fees & Commission Income for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2021, the company reported a Standalone Total Income of Rs 142.02 Crore, up 4.79 % from last quarter Total Income of Rs 135.53 Crore and up 6.37 % from last year same quarter Total Income of Rs 133.52 Crore. Company reported net profit after tax of Rs 35.11 Crore in latest quarter.
Investment Rationale
The brokerage believes that investors can buy HFFC at LTP of Rs. 593.5(3.2xFY23E ABV) and add more at Rs.528 (2.85xFY23E ABV) for the base case fair value of Rs.630 (3.4xFY23E ABV) and for the bull case fair value of Rs.677 (3.65xFY23E ABV) over the next two quarters.
Promoter/FII Holdings
Promoters held 33.7 per cent stake in the company as of March 30, 2021, while FIIs held 11.8 per cent, DIIs 41.7 per cent and public and others 12.8 per cent.
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