Home First Finance Company India Limited is a fast-growing housing finance company focused on providing affordable home loans to low- and middle-income (LMI) customers in semi-urban and urban India. Backed by strong institutional investors and a scalable digital-first model, the company has delivered consistent loan book growth and profitability. With rising housing demand and government support for affordable housing, Home First Finance is well-positioned in a high-potential segment. This article provides a fact-based analysis of its financials and estimates a realistic share price target for 2026 through 2030.
Core Business: Affordable housing finance for first-time homebuyers in Tier II–IV cities
Loan Portfolio: Over ₹8,700 Cr in advances (as of Dec 2025), with average ticket size of ~₹15–18 lakh
Geographic Focus: Maharashtra, Gujarat, Tamil Nadu, Karnataka, Telangana, and Rajasthan
Listed On: BSE (543259) and NSE (HOMEFIRST)
Home First Finance: Key Financial Snapshot
Metric
Value
Market Capitalization
₹12,165.14 Cr
Current Share Price
₹1,168 (approx.)
P/E (TTM)
24.54
P/B (TTM)
2.93
Book Value (TTM)
₹399.12
EPS (TTM)
₹47.61
ROE
16.81%
ROCE
11.35%
Dividend Yield
0.32%
Sales Growth (YoY)
34.51%
Profit Growth (YoY)
24.97%
Operating Revenue
₹1,529.95 Cr
Net Profit
₹382.07 Cr
Advances
₹8,734.66 Cr
Face Value
₹2
No. of Shares
10.41 Cr
Shareholding Pattern
Category
Holding (%)
Foreign Institutions (FII)
40.82%
Domestic Institutions (DII)
27.61%
Public (Retail)
19.22%
Promoters
12.35%
Others
0%
Promoter holding is relatively low, but institutional ownership (FII + DII = 68.4%) signals strong investor confidence.
Home First Finance Share Price Target Forecast (2026–2030)
Based on loan book growth, affordable housing tailwinds, historical valuation, and earnings momentum, we estimate the following realistic price ranges:
Year
Target Price Range (₹)
2026
₹1,200 – ₹1,400
2027
₹1,300 – ₹1,550
2028
₹1,400 – ₹1,700
2029
₹1,500 – ₹1,850
2030
₹1,600 – ₹2,000
Year-wise Breakdown
Home First Finance Share Price Target 2026
Year
Share Price Target 1
Share Price Target 2
2026
₹1,200
₹1,400
Strong 34.5% sales growth and 25% profit growth reflect healthy loan expansion and stable credit costs.
At a P/E of 24.5x, the valuation is reasonable for a high-growth HFC.
Institutional backing (68% ownership) provides liquidity and stability.
Home First Finance Share Price Target 2027
Year
Share Price Target 1
Share Price Target 2
2027
₹1,300
₹1,550
The government’s PMAY (Pradhan Mantri Awas Yojana) continues to support affordable housing demand.
Digital underwriting and branch expansion should drive operating leverage.
If asset quality holds, ROE may sustain above 16%, supporting premium valuation.
Home First Finance Share Price Target 2028
Year
Share Price Target 1
Share Price Target 2
2028
₹1,400
₹1,700
Loan book could cross ₹15,000 Cr, enabling economies of scale.
Rising penetration in South and West India offers geographic diversification.
Potential inclusion in major indices may attract passive inflows.
Home First Finance Share Price Target 2029
Year
Share Price Target 1
Share Price Target 2
2029
₹1,500
₹1,850
By 2029, the company may achieve ₹2,500+ Cr in annual revenue with stable margins.
Recurring interest income and low slippages (if maintained) will support earnings visibility.
Regulatory compliance and NPA management remain key monitoring points.
Home First Finance Share Price Target 2030
Year
Share Price Target 1
Share Price Target 2
2030
₹1,600
₹2,000
As a pure-play affordable housing financier, Home First benefits from India’s urbanization and housing shortage.
However, interest rate sensitivity and credit risk can create explosive upside.
Realistic 2030 target assumes EPS of ₹70–78 and P/E of 22–25x.
Strengths vs Risks
✅ Strengths
Focused on the high-growth affordable housing segment
Strong asset quality and digital underwriting
High institutional ownership (68.4%)
Consistent profit and book growth (34%+ revenue CAGR)
⚠️ Risks
Interest rate volatility impacts net interest margins
Regulatory oversight by NHB/RBI adds a compliance burden
Concentration risk in select states (Maharashtra, Gujarat)
Investment Suitability
Factor
Assessment
Risk Profile
Moderate
Time Horizon
Long-term (5+ years)
Volatility
Moderate
Dividend/Income
Minimal (0.32% yield)
Ideal Investor
Believes in India’s affordable housing story; comfortable with financial sector cyclicality
FAQs
A realistic range is ₹1,200 to ₹1,400, based on current growth and valuation.
We estimate ₹1,600 to ₹2,000 by 2030, assuming steady loan book expansion and margin stability.
Reliable forecasts beyond 2030 are not possible. Such long-term projections are highly speculative and not supported by verifiable data.
FIIs hold 40.82%, DIIs 27.61%, and promoters only 12.35%. Major backers include Warburg Pincus and IFC.
Yes, but the dividend yield is low at 0.32%. The company prioritizes reinvestment in loan growth.
The stock corrected due to rising interest rates, valuation concerns, and broader weakness in the HFC sector in late 2025.
It offers strong exposure to India’s affordable housing boom, but comes with credit and interest rate risks. Suitable for investors with a 5+ year horizon.
Final Verdict
Home First Finance is a high-quality, focused housing finance company with strong growth metrics and institutional backing. While it trades at a modest premium, its scalable model and policy tailwinds justify long-term optimism. Our 2026–2030 price targets (₹1,200–₹2,000) reflect steady, execution-driven compounding—not speculative upside. Investors should monitor quarterly disbursements, GNPA trends, and cost of funds closely.
📌 Disclaimer: These targets are for educational purposes only and are not investment advice. Always consult a SEBI-registered advisor before investing.
Hi, I’m Raj Mittal, a stock market content writer focused on company analysis, share price trends, and fundamental research. I create simple, research-based insights to help investors make smarter market decisions.
