Established in April 2000, Repco Home Finance Ltd. is a registered housing finance company headquartered in Chennai, Tamil Nadu. It is a professionally managed subsidiary of the Repatriates Cooperative Finance and Development Bank Limited (Repco Bank). The company was incorporated to capitalize on the growth potential in the housing finance market, receiving its certificate of commencement of business on May 2, 2000.
Repco Home Finance is recognized as one of the leading housing loan finance companies in India, providing individual home loans and loans against property. It operates across 11 states and one Union Territory in India, holding registration with the National Housing Bank (NHB).
The company offers a comprehensive range of housing finance products designed to meet diverse customer needs.
Repco Home Finance offers several products for the construction, purchase, repair, and renovation of homes. These include:
- Dream Home Loan: For construction/purchase of residential property, with loan quantum up to 85% for construction and 80% for purchase.
- Plot Loan: For outright purchase of plots for house construction, with loan quantum up to 75% of plot cost and a maximum tenure of 10 years.
- Super Loan, Repco Privilege, Home Makeover Loan: For repairs, renovation, and extension/improvement of residential properties, with loan quantum up to 50% for building purposes.
- NRI Loans: Offered to Non-Resident Indians for construction or purchase of houses in India, with loan quantum up to 85% for construction and 80% for purchase, and a maximum tenure of 10 years.
The company also offers loans against properties under various products:
- Prosperity Loan
- New Horizon Loan
- Commercial Real Estate Loan
Repco Home Finance Limited has a significant presence across India, operating in:
- Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Kerala
- Maharashtra, Odisha, West Bengal, Gujarat, Madhya Pradesh, Jharkhand, Rajasthan
- Union Territory of Puducherry
The company boasts a robust network comprising 131 branches and 29 satellite centers, enabling it to consolidate its presence in existing regions and provide a high-quality customer experience. These centers cater to a diverse clientele, including salaried and non-salaried self-employed professionals and non-professionals, with tailor-made home loan products.
- Market Capitalization: ₹2,686 Crore (as of recent data). The market cap has seen a decline of -23.6% in the last year.
- Analyst Recommendations: 57.14% of analysts recommend a 'BUY' rating.
- Target Price: The target price is ₹462.14, indicating a slight upside of 18.74% compared to the current price of ₹413.15.
The company's financial performance demonstrates steady growth in revenue and profitability:
- Revenue: ₹435.00 Crore, a jump of 9.52% YoY.
- Net Profit: ₹120.65 Crore, an increase of 6.1% YoY.
- On a consolidated basis, Repco Home Finance Ltd reported a profit of Rs 120.65 crore on a total income of Rs 435.00 crore for the quarter ended 2025.
Based on the annual analysis, the company demonstrated strong fundamentals for the full financial year:
- Total Income: ₹1,527.68 Crore
- Net Profit: ₹394.70 Crore, an increase of 31.6% YoY.
- Interest Income: Rose 18.8% on a year-on-year (YoY) basis.
- Net Interest Income (NII): Increased by 16.5% YoY.
- Net Interest Margins (NIM): Grew to 5.1% in FY24, compared to 4.8% in FY23.
The company has shown significant improvement in asset quality metrics:
- Capital Adequacy Ratio (CAR): Stood at 34.0% as on March 31, 2024, compared to 35.8% a year ago.
- Gross NPA Ratio: Improved to 4.1% as of March 31, 2024, compared to 5.8% in the same period a year ago.
- Net NPA Ratio: Reduced to 2.2% in FY24, compared to 3.7% a year ago.
The company has undergone significant leadership changes and capital market activities recently:
- Leadership Appointments: Thangappan Karunakaran has been appointed as the new Managing Director and Chief Executive Officer, effective April 11, 2025. A. Palpandi has been appointed as the new Chief Operating Officer, replacing Thangappan Karunakaran.
- Capital Markets:
- Allotted Rs.50 Crore Commercial Papers at 8.15% coupon to Federal Bank on June 25, 2025.
- Allotted commercial papers aggregating to Rs.100 crore on June 6, 2025.
- Received a Sanction of Rs 500 crore from National Housing Bank.
- Issued SRNCDs and Commercial papers of Rs 1200 crore and Rs 2350 crore respectively.
Repco Home Finance benefits from the continued support of the National Housing Bank and has received rating upgrades from ICRA and CARE on its term loans and debentures. The company's focus on customer-centric products, extensive branch network, improved asset quality, and strong regulatory backing positions it well for future growth in India's expanding housing finance market. Repco Home Finance continues to strengthen its position through strategic expansion and robust financial management.
