Repco Home Finance - Slowly Turning Around; Improving Asset Quality Trend: Nirmal Bang

Repco Home Finance, a housing loan finance firm based in Tamil Nadu, plans to increase its assets under management (AUM) to around Rs 14,000 crore by the end of the current financial year. The company, which managed AUM of Rs 12,400 crore at the start of the year, hopes to achieve this growth in the…

Repco Home Finance eyes Rs 14,000 cr AUM this FY: MD & CEO

Repco Home Finance Ltd. (RHFL) is planning to increase its assets under management (AUM) by 12% to ₹14,000 crore during FY24, said its MD & CEO, K. Swaminathan.

Repco Home Finance aims at 12% growth in AUM in FY24

Loan disbursements grew by 65 per cent year-on-year in FY23 to ₹2,919 crore

Repco Home Finance aims ₹14,000 crore in AUM by FY24

Motilal Oswal recommended Neutral rating on Repco Home Finance with a target price of Rs 375 in its research report dated August 08, 2023.

Neutral Repco Home Finance; target of Rs 375: Motilal Oswal

Repco Home Finance shares zoom 10% to 52-week high on 43% Q1 profit growth. Total disbursements of ₹684 crore, loan book at ₹12,655 crore. Non-salaried segment 51.8%, housing loans 77%, home equity 23.1%.

Repco Home Finance shares hit 52-week high on strong Q1 results

Total income rose 19.38 percent to Rs 366.50 crore, from Rs 307 crore in the same quarter of the previous fiscal.

Repco Home Finance hits 52-week high on 43% surge in Q1 profit

Gross NPAs declined to 5.5% from 6.4% and net NPAs to 2.8% from 4.2%

Repco Home Finance Q1 net rises 44% to ₹89 cr.

Motilal Oswal recommended Neutral rating on Repco Home Finance with a target price of Rs 255 in its research report dated May 30, 2023.

Neutral Repco Home Finance; target of Rs 255: Motilal Oswal

Repco delivered a healthy turnaround in operating performance under the new MD & CEO in FY23 after a subdued FY22

Repco Home Finance surges 25% in 2 days post solid Q4 results

Repco Home Finance Ltd. (RFHL) reported 95% growth in its standalone net profit for the March quarter over year-on-year at ₹82 crore.

Repco Home Finance Q4 net almost doubles to ₹82 cr.

Price return has been average, nothing exciting

Performance

Can be considered moderately valued vs the market

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Repco Home Finance Limited provides long term loan financing for residential purposes.