Home First Finance - Leveraging Tech Effectively For Next Leg Of Growth: Motilal Oswal

Well positioned for assets under management compound annual growth rate of 30% over FY24-26 and return on equity of ~17% in FY26.

A home animation. (Photo source: Home First Finance/Facebook)

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Motilal Oswal Report

Home First Finance Company India Ltd. in May 2024 crossed the assets under management milestone of ~Rs 100 billion, delivering an AUM compounded annual growth rate of ~28% over FY20-24. The company has identified Uttar Pradesh, Madhya Pradesh and Rajasthan as its emerging states, which will help Home First sustain AUM growth.

Home First Finance has created a strong technology bedrock and a robust risk management framework, which will enable the company to keep scaling up with the same pristine asset quality that it demonstrated in the past.

Mortgage products, particularly small-ticket housing, are a structural opportunity in India. Home First, through its nimble approach and best-in class processes and practices, is well placed to deliver industry-leading profitable growth.

Click on the attachment to read the full report:

Motilal Oswal Home First Finance Company India Company Update.pdf
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