BSE: 530979
INDIA HOME LOAN LTD.
Lends against housing, with the management's background in affordable housing finance. Revenue is earned mainly from interest on the housing loan book. For FY26, total income was ₹1,481.23 lakh, against finance costs of ₹727.59 lakh — interest on borrowed funds being the dominant cost, well above employee costs (21.6% of revenue) and other opex (26.7%). Net profit fell to ₹9.64 lakh (EPS ₹0.07), with assets under management of ₹4,867 lakh at year-end. Asset quality stands at Gross NPA of 2.69% and Net NPA of 1.93%. The company carries an IVR D credit rating from Infomerics on bank loan facilities of Rs. 39.92 crore and NCDs of Rs. 16.95 crore, and has filed defaults on debt obligations including 200 NCDs with current outstanding of Rs. 24.03 crore. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Interest income on housing loans. Small, stressed housing finance company with very thin margins and a heavy interest burden relative to revenue
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 30 | 22 | 12 | 14 | 15 |
| EBITDA (ex other income) | 21 | 13 | 6 | 8 | 8 |
| margin % | 68.5 | 59.9 | 52.4 | 60.1 | 51.8 |
| Owners' profit | 2 | 1 | (3) | 0 | 0 |
| EPS, as reported (₹) | 1.36 | 0.43 | (2.41) | 0.19 | 0.07 |
| ROE % · ROCE % | 4.4 · — | 1.4 · — | (8.4) · — | 0.7 · — | 0.2 · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | 41 | 35 | 28 | 12 | 4 |
| Capex | (1) | (0) | (0) | (0) | (0) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3 | 3 | 4 | 4 | 4 | 3 | 4 | 2 |
| Profit before tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (₹) | 0.04 | 0.06 | 0.01 | 0.01 | 0.05 | 0.01 | 0.03 | 0.04 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| BAJAJ HOUSING FINANCE LTD | 64,581 | 31.9 | 2.87 | — | 11.4 | — | — | 92.4 |
| PNB HOUSING FIN LTD. | 29,147 | 12.6 | 1.52 | — | 11.9 | — | 2.3 | 91.6 |
| LIC HOUSING FINANCE LTD | 28,079 | 4.9 | 0.68 | — | 13.5 | — | 7.7 | 97.1 |
| AADHAR HOUSING FINANCE L | 18,768 | 16.3 | 2.49 | — | 14.5 | — | — | 75.4 |
| SAMMAAN CAPITAL LIMITED | 13,451 | — | 0.71 | — | (37.6) | — | (3.8) | 101.8 |
| HOME FIRST FIN CO IND LTD | 10,649 | 18.2 | 2.44 | — | 12.4 | — | — | 78.3 |
| APTUS VALUE HSG FIN I LTD | 9,955 | 10.1 | 1.97 | — | 18.6 | — | — | 83.7 |
| CAN FIN HOMES LTD | 9,655 | 8.6 | 1.61 | — | 18.2 | — | — | 91.3 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 216.5 | 10.1 | 17 of 17 | 0% |
| P/B | 1.0 | 1.0 | 9 of 17 | 50% |
| ROE | 0.2 | 11.8 | 16 of 17 | 6% |
| EBITDA margin | 51.0 | 74.7 | 15 of 19 | 22% |
| Revenue growth | (42.1) | 9.0 | 18 of 19 | 6% |
| Profit growth | 560.6 | 19.3 | 1 of 20 | 100% |
| Market cap | 40 | 4420 | 16 of 20 | 21% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 13 Oct 2026 · Reg 74(5) confirmation certificate filed for September 2026 quarter | compliance | minimal | — | — |
| 7 Oct 2026 · India Home Loan discloses defaults on loan repayments | credit debt | medium | — | — |
| 25 Sept 2026 · Trading window closure from Oct 1, 2026 until Q2 results declaration | compliance | minimal | — | — |
| 21 Sept 2026 · Revised AGM Scrutinizer Report: 4 of 5 resolutions failed including CEO appointment | board shareholder meetings | low | — | — |
| 19 Sept 2026 · Newspaper notice on transfer of unclaimed shares to IEPF | compliance | minimal | — | — |
| 15 Sept 2026 · Two directors exit India Home Loan after AGM | management changes | medium | — | — |
| 15 Sept 2026 · Routine monthly dematerialisation compliance certificate for August 2026 | compliance | minimal | — | — |
| 13 Sept 2026 · AGM: 4 of 5 resolutions fail, including MD and director appointments | board shareholder meetings | low | — | — |
| 13 Sept 2026 · AGM 2026: 4 of 5 Resolutions Rejected by Shareholders | board shareholder meetings | low | — | — |
| 11 Sept 2026 · India Home Loan 36th AGM held - 5 resolutions tabled for voting | board shareholder meetings | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.