Models
HOME FIRST FIN CO IND LTDHOMEFIRSTFinance
₹314per share · Base Model Note
The horizon and scenarios are yours to change. Every other input is part of the Trader plan; saving, sharing a saved link and the live-formula workbook are part of the Institutional plan.
Scenario
Value per share, your model₹314implied P/B 0.75× on FY26 book
Against CMP ₹1,020.00−69.2%close of 27 Oct 2026
Cost of equity14.22%risk-free + beta × equity risk premium
Book equity, FY26₹417per share · excess returns add ₹(102)
This figure is the arithmetic of your inputs and nothing else. MarketPing publishes no fair value, target or rating; the model is yours.
Excess-return schedule · ₹ crore · book equity earns your ROE; value is book plus the returns above the cost of equity
| ₹ crore | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|
| Opening book equity | 4,357 | 4,859 | 5,419 | 6,043 | 6,739 |
| Net income at 12.4% ROE | 540 | 603 | 672 | 749 | 836 |
| Cost of equity charge at 14.22% | (619) | (691) | (770) | (859) | (958) |
| Excess return | (79) | (88) | (98) | (110) | (122) |
| Present value | (74) | (72) | (71) | (69) | (67) |
| Closing book equity | 4,859 | 5,419 | 6,043 | 6,739 | 7,515 |
| Book equity today | 4,357 |
| PV of 5 years of excess return | (353) |
| PV of the terminal excess return, 5% flat | (718) |
| add non-operating investments | 0 |
| Equity value | 3,286 |
| ÷ 10.45 crore shares | ₹314 |
ROE is at or below the cost of equity, so every year destroys value against book and the model lands below book value. That is the arithmetic, not a view.
Where the methods land · ₹ per share · the dashed line is the CMP
52-week rangetraded range, a fact not a value
₹894₹1,318
Scenarios side by side · ₹ per share
| Scenario | Template | Growth | Margin | Rate | Terminal | ₹ / share | vs CMP |
|---|---|---|---|---|---|---|---|
| Base · editing | Excess return | ROE 12.4% | — | 14.22% | 5% | ₹314 | (69.2)% |
A scenario is a full set of inputs under a name. Keep Base as the filed history carried forward; add Bull and Bear by saving the current inputs under those names and moving the two or three assumptions you actually hold a view on. The distribution above draws each driver between the lowest and highest value across your scenarios, so three scenarios give it a real range; with one scenario it falls back to fixed bands.