Home First Finance -- Can the stock move up despite the rich valuations?
HFFC is poised to grow without the need to raise fresh capital over the medium term
December 06, 2021 / 11:00 AM IST
PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook
Home First Finance Company Ltd (HFFC), a technology-driven affordable housing finance company, has been a consistent performer, growing its book exponentially at a compounded annual growth rate of 48.7 percent in the past four years.
Backed by centralised underwriting and having presence across 13 states covering 81 districts in India, HFFC provides home loans to first-time buyers with a focus on salaried individuals having income of less than Rs 50,000 per month.
The company’s asset under management (AUM) stood at Rs...