NSE: REPCOHOME · BSE: 535322
REPCO HOME FINANCE LTD
Lends money for housing and related purposes to individual borrowers, primarily in Tamil Nadu. In FY26, total revenue from operations was Rs. 1,792 crore and net profit was Rs. 475.42 crore, with the entire segment revenue classified under 'housing related finance' (Rs. 1,793.9 crore). The loan book stood at Rs. 15,880 crore at the end of FY26, of which 71% is home loans (HL) and 29% is non-home loans (non-HL); 46% of borrowers are salaried and 54% are non-salaried. Tamil Nadu accounts for 60% of disbursements, with Karnataka, Andhra Pradesh, Telangana and Maharashtra being the other geographies. FY26 disbursements were a record Rs. 4,148 crore, up 26% year-on-year, and management has guided Rs. 5,000 crore of disbursements and Rs. 18,000 crore of AUM for FY27, with a longer-term AUM target of Rs. 25,000 crore by FY29. The company earns a net interest margin of 5.38% on a cost of funds of 8.56%, with a target spread of 3.2-3.25% for FY27. Asset quality improved during the year, with GNPA falling to 2.55% from 3.26% and stage-2 assets falling to 7% from 9.5%. Funding is raised through bank borrowings, NHB refinance, non-convertible debentures and commercial paper; the credit rating is AA-. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Housing related finance (100%), Others (0%). Asset-light housing finance company with a single business line, geographically concentrated in Tamil Nadu.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,290 | 1,284 | 1,525 | 1,685 | 1,792 |
| EBITDA (ex other income) | 946 | 1,101 | 1,372 | 1,543 | 1,601 |
| margin % | 73.3 | 85.8 | 90.0 | 91.5 | 89.3 |
| Owners' profit | 194 | 316 | 0 | 0 | 475 |
| EPS, as reported (₹) | 31.03 | 50.56 | 66.55 | 73.76 | 75.99 |
| ROE % · ROCE % | 8.5 · — | 12.2 · — | 13.9 · — | 13.5 · — | 11.8 · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | 1,379 | 336 | 157 | (610) | (896) |
| Capex | (11) | (5) | (23) | (23) | (27) |
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 | 415 | 436 | 426 | 436 | 441 | 457 | 454 | 468 |
| Profit before tax | 149 | 144 | 154 | 146 | 139 | 149 | 148 | 148 |
| Net profit | 115 | 113 | 121 | 115 | 110 | 115 | 135 | 122 |
| EPS (₹) | 18.40 | 18.09 | 19.29 | 18.40 | 17.53 | 18.45 | 21.61 | 19.44 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| a. Housing related finance | 1,353 | 75.4 |
| Housing related finance | 441 | 24.6 |
| Total, before eliminations | 1,794 | 100.0 |
Exhibit 4: 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 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 4.0 | 10.1 | 3 of 17 | 88% |
| P/B | 0.5 | 1.0 | 5 of 17 | 75% |
| ROE | 11.8 | 11.8 | 9 of 17 | 50% |
| EBITDA margin | 87.5 | 74.7 | 6 of 19 | 72% |
| Revenue growth | 7.4 | 9.0 | 13 of 19 | 33% |
| Profit growth | 5.6 | 19.3 | 15 of 20 | 26% |
| Market cap | 1903 | 4420 | 11 of 20 | 47% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 28 Oct 2026 · ESG rating of 71.70 assigned by SES ESG Research | general | low | — | — |
| 21 Oct 2026 · Repco Home Finance receives strong Crisil ESG rating of 64 | business updates | medium | — | — |
| 15 Oct 2026 · Repco Home Finance gets strong ESG rating of 62 | general | medium | — | — |
| 7 Oct 2026 · SEBI special window notice for physical share transfers published | compliance | minimal | — | — |
| 7 Oct 2026 · Routine quarterly demat compliance certificate filed with exchanges | compliance | minimal | — | — |
| 7 Oct 2026 · Quarterly filing of compliance officer and RTA details | compliance | minimal | — | — |
| 29 Sept 2026 · Repco Home Finance to raise Rs 2,500 Cr via NCDs and Commercial Papers | fund raising | high | — | — |
| 29 Sept 2026 · Borrowing limit enhanced from Rs 15,000 Cr to Rs 20,000 Cr | credit debt | high | — | — |
| 29 Sept 2026 · Two directors appointed - one Independent, one from promoter | management changes | medium | — | — |
| 29 Sept 2026 · Repco Home Finance appoints joint statutory auditor | management changes | medium | — | — |
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.