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Reliance Home Finance

BSE:540709
Snowflake Description

Fair value second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
540709
BSE
₹6B
Market Cap
  1. Home
  2. IN
  3. Banks
Company description

Reliance Home Finance Limited engages in the housing finance business in India. The last earnings update was 157 days ago. More info.


Add to Portfolio Compare Print
  • Reliance Home Finance has significant price volatility in the past 3 months.
540709 Share Price and Events
7 Day Returns
-8.4%
BSE:540709
2.3%
IN Mortgage
1.3%
IN Market
1 Year Returns
-78.8%
BSE:540709
-0.6%
IN Mortgage
-1.5%
IN Market
540709 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Reliance Home Finance (540709) -8.4% -6.6% -60.4% -78.8% - -
IN Mortgage 2.3% 4.3% 7.9% -0.6% 60.5% 118.5%
IN Market 1.3% -0.8% -3.7% -1.5% 22.6% 33.9%
1 Year Return vs Industry and Market
  • 540709 underperformed the Mortgage industry which returned -0.6% over the past year.
  • 540709 underperformed the Market in India which returned -1.5% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is Reliance Home Finance undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Reliance Home Finance to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Reliance Home Finance.

BSE:540709 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= ₹39.13 * 9.9%
₹3.87
Book Value of Equity per Share Median Book Value from the past 5 years. ₹39.13
Discount Rate (Cost of Equity) See below 17%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:540709
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Mortgage Unlevered Beta Simply Wall St/ S&P Global 0.86
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.858 (1 + (1- 35%) (2381.97%))
1.102
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.102 * 8.6%)
17.03%

Discounted Cash Flow Calculation for BSE:540709 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Reliance Home Finance is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

BSE:540709 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (9.9% – 17.03%) * ₹39.13)
₹-2.79
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ₹-2.79 / (17.03% - 7.55%)
₹-29.48
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ₹39.13 + ₹-29.48
₹9.66
BSE:540709 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹9.66
Current discount Discount to share price of ₹11.16
= -1 x (₹11.16 - ₹9.66) / ₹9.66
-15.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Reliance Home Finance is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Reliance Home Finance's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Reliance Home Finance's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:540709 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹4.99
BSE:540709 Share Price ** BSE (2019-07-18) in INR ₹11.16
India Mortgage Industry PE Ratio Median Figure of 13 Publicly-Listed Mortgage Companies 10.53x
India Market PE Ratio Median Figure of 2,835 Publicly-Listed Companies 14.68x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Reliance Home Finance.

BSE:540709 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:540709 Share Price ÷ EPS (both in INR)

= 11.16 ÷ 4.99

2.24x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Reliance Home Finance is good value based on earnings compared to the IN Mortgage industry average.
  • Reliance Home Finance is good value based on earnings compared to the India market.
Price based on expected Growth
Does Reliance Home Finance's expected growth come at a high price?
Raw Data
BSE:540709 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 2.24x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
15.1%per year
India Mortgage Industry PEG Ratio Median Figure of 5 Publicly-Listed Mortgage Companies 0.73x
India Market PEG Ratio Median Figure of 537 Publicly-Listed Companies 1.3x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Reliance Home Finance, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Reliance Home Finance's assets?
Raw Data
BSE:540709 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹38.76
BSE:540709 Share Price * BSE (2019-07-18) in INR ₹11.16
India Mortgage Industry PB Ratio Median Figure of 14 Publicly-Listed Mortgage Companies 1.66x
India Market PB Ratio Median Figure of 3,670 Publicly-Listed Companies 0.95x
BSE:540709 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:540709 Share Price ÷ Book Value per Share (both in INR)

= 11.16 ÷ 38.76

0.29x

* Primary Listing of Reliance Home Finance.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Reliance Home Finance is good value based on assets compared to the IN Mortgage industry average.
X
Value checks
We assess Reliance Home Finance's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Mortgage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Mortgage industry average (and greater than 0)? (1 check)
  5. Reliance Home Finance has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Reliance Home Finance expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Reliance Home Finance, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
15.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Reliance Home Finance expected to grow at an attractive rate?
  • Reliance Home Finance's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Reliance Home Finance's earnings growth is positive but not above the India market average.
  • Unable to compare Reliance Home Finance's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:540709 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:540709 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 15.1%
India Mortgage Industry Earnings Growth Rate Market Cap Weighted Average -2%
India Mortgage Industry Revenue Growth Rate Market Cap Weighted Average -33.8%
India Market Earnings Growth Rate Market Cap Weighted Average 17%
India Market Revenue Growth Rate Market Cap Weighted Average 9.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:540709 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:540709 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 7,346 2,276
2018-09-30 7,486 2,126
2018-06-30 7,166 1,946
2018-03-31 7,366 -43,857 1,806
2017-12-31 6,642 2,316
2017-09-30 5,992 2,086
2017-06-30 5,106 1,857
2017-03-31 4,692 -32,963 1,726
2016-12-31 3,555 859
2016-09-30 4,161 837
2016-06-30 3,783 852
2016-03-31 3,405 4,334 868

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Reliance Home Finance's earnings are expected to grow by 15.1% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Reliance Home Finance is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:540709 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Reliance Home Finance Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:540709 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 4.99
2018-09-30 4.64
2018-06-30 4.69
2018-03-31 5.57
2017-12-31 8.99
2017-09-30 13.09
2017-06-30 15.67
2017-03-31 20.45
2016-12-31 8.93
2016-09-30
2016-06-30
2016-03-31 13.18

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Reliance Home Finance will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Reliance Home Finance's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Reliance Home Finance has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Reliance Home Finance performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Reliance Home Finance's growth in the last year to its industry (Mortgage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Reliance Home Finance has delivered over 20% year on year earnings growth in the past 5 years.
  • Reliance Home Finance's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Reliance Home Finance's 1-year earnings growth is negative, it can't be compared to the IN Mortgage industry average.
Earnings and Revenue History
Reliance Home Finance's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Reliance Home Finance Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:540709 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 7,346.00 2,275.80 1,941.60
2018-09-30 7,486.00 2,125.80 1,831.60
2018-06-30 7,166.00 1,945.80 1,841.60
2018-03-31 7,366.00 1,805.80 1,821.60
2017-12-31 6,642.40 2,315.90 1,481.40
2017-09-30 5,992.40 2,085.90 1,431.40
2017-06-30 5,106.20 1,856.65 1,305.40
2017-03-31 4,692.40 1,725.90 1,201.40
2016-12-31 3,554.50 859.25 740.30
2016-09-30 4,161.40 837.07 936.51
2016-06-30 3,783.00 852.32 910.41
2016-03-31 3,404.60 867.50 884.40
2015-12-31 3,015.25 884.87 858.63
2015-09-30 2,544.50 902.23 721.04
2015-06-30 2,278.10 796.43 648.54
2015-03-31 2,146.70 690.63 512.06
2014-12-31 1,867.95 589.51 554.48
2014-09-30 1,701.29 488.39 568.56
2014-06-30 1,645.79 461.14 532.46
2014-03-31 1,451.41 433.89 551.60
2013-03-31 1,089.57 274.83 355.60

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Reliance Home Finance has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Reliance Home Finance used its assets less efficiently than the IN Mortgage industry average last year based on Return on Assets.
  • Unable to establish if Reliance Home Finance improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Reliance Home Finance's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Mortgage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Reliance Home Finance has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Reliance Home Finance's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Reliance Home Finance's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Reliance Home Finance Company Filings, last reported 6 months ago.

BSE:540709 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 18,800.00 135,390.00 3,850.00
2018-09-30 18,800.00 135,390.00 3,850.00
2018-06-30 19,291.30 131,677.70 1,096.00
2018-03-31 19,291.30 131,677.70 1,096.00
2017-12-31 18,260.00 120,640.00 3,010.00
2017-09-30 18,260.00 120,640.00 3,010.00
2017-06-30 11,296.00 99,060.90 2,524.90
2017-03-31 11,296.00 99,060.90 2,524.90
2016-12-31
2016-09-30
2016-06-30 6,201.20 69,231.67 7,201.23
2016-03-31 6,201.20 69,231.70 7,201.20
2015-12-31 6,201.20 69,231.70 7,201.20
2015-09-30
2015-06-30 5,333.63 49,380.21 3,551.32
2015-03-31 5,333.63 49,380.21 3,551.32
2014-12-31 5,333.63 49,380.21 3,551.32
2014-09-30
2014-06-30 4,643.00 32,151.23 2,012.72
2014-03-31 4,643.00 32,151.23 2,012.72
2013-03-31 4,209.11 24,859.61 709.42
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Unable to establish if Reliance Home Finance has an acceptable proportion of non-loan assets without balance sheet data.
  • Unable to establish if Reliance Home Finance's liabilities are primarily made up of low risk funding sources without deposits or liabilities data.
  • Reliance Home Finance reports no customer deposits, loans are made up entirely of borrowed funds.
  • Reliance Home Finance's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Unable to establish if Reliance Home Finance has a sufficient allowance for bad loans without relevant financial data.
  • Unable to establish if Reliance Home Finance has an acceptable level of bad loans without bad loans data.
X
Financial health checks
We assess Reliance Home Finance's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Reliance Home Finance has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Reliance Home Finance's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
8.96%
Current annual income from Reliance Home Finance dividends.
If you bought ₹2,000 of Reliance Home Finance shares you are expected to receive ₹179 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Reliance Home Finance's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.56%).
  • Reliance Home Finance's dividend is above the markets top 25% of dividend payers in India (2.21%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:540709 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Mortgage Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 1.3%
India Market Average Dividend Yield Market Cap Weighted Average of 1446 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:540709 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-08-24 1.000 3.619
2018-04-24 1.000 1.668
2017-09-25 0.500 0.654

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Reliance Home Finance has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Reliance Home Finance only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of Reliance Home Finance's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Reliance Home Finance's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Reliance Home Finance afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Reliance Home Finance has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Reliance Home Finance's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ravindra Sudhalkar
COMPENSATION ₹45,400,000
AGE 51
TENURE AS CEO 2.8 years
CEO Bio

Mr. Ravindra Sudhalkar has been Chief Executive Officer of Reliance Home Finance Limited (RHFL) at Reliance Capital Limited since October 1, 2016 and serves as its Executive Director. Mr. Sudhalkar joined RHFL from Kotak Mahindra Bank where he spent 8 years and served as its Senior Executive Vice President and Head ­of Secured Assets. Prior to this, he worked across various companies including ICICI Bank (where his last role was Business Head – LAP) and gained experience in various functions including Mortgage Lending, Credit Analysis, Organisational Leadership Risk Management, Credit Risk, Business Strategy and Retail Lending.

CEO Compensation
  • Ravindra's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Ravindra's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Reliance Home Finance management team in years:

2.4
Average Tenure
44
Average Age
  • The tenure for the Reliance Home Finance management team is about average.
Management Team

Ravindra Sudhalkar

TITLE
CEO & Executive Director
COMPENSATION
₹45M
AGE
51
TENURE
2.8 yrs

Parul Jain

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹3M
AGE
34
TENURE
2.6 yrs

Pinkesh Shah

TITLE
Chief Financial Officer
AGE
44
TENURE
0.9 yrs

Amit Arora

TITLE
Business Head of Loans Against Property
TENURE
2.4 yrs

Reshma Sethi

TITLE
Head of Business Excellence
TENURE
2.4 yrs

Rahul Sood

TITLE
Head of Collections
TENURE
2.4 yrs

Ajith Prabhu

TITLE
Executive Officer
TENURE
2.4 yrs
Board of Directors Tenure

Average tenure and age of the Reliance Home Finance board of directors in years:

0.8
Average Tenure
60
Average Age
  • The average tenure for the Reliance Home Finance board of directors is less than 3 years, this suggests a new board.
Board of Directors

Ravindra Sudhalkar

TITLE
CEO & Executive Director
COMPENSATION
₹45M
AGE
51
TENURE
2.3 yrs

Amit Bapna

TITLE
Non-Executive & Non-Independent Director
AGE
44
TENURE
2.3 yrs

Syed Hasnain

TITLE
Independent Director
COMPENSATION
₹40K
AGE
65
TENURE
1.4 yrs

Chhaya Virani

TITLE
Independent Director
AGE
65
TENURE
0.3 yrs

Rashna Khan

TITLE
Independent Director
AGE
55
TENURE
0.2 yrs

Ashok Ramaswamy

TITLE
Independent Director
AGE
69
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Reliance Home Finance's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Reliance Home Finance has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Reliance Home Finance Limited engages in the housing finance business in India. The company offers a range of home loans, including affordable housing loans, loans against properties, and construction finance. It also provides property services. The company was incorporated in 2008 and is based in Mumbai, India. Reliance Home Finance Limited is a subsidiary of Reliance Capital Limited.

Details
Name: Reliance Home Finance Limited
540709
Exchange: BSE
Founded: 2008
₹5,683,953,772
484,565,539
Website: http://www.reliancehomefinance.com
Address: Reliance Home Finance Limited
Reliance Centre,
6th Floor,
Mumbai,
Maharashtra, 400055,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 540709 Equity Shares Mumbai Stock Exchange IN INR 22. Sep 2017
NSEI RELHOME Equity Shares National Stock Exchange of India IN INR 22. Sep 2017
Number of employees
Current staff
Staff numbers
961
Reliance Home Finance employees.
Industry
Thrifts and Mortgage Finance
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/18 13:05
End of day share price update: 2019/07/18 00:00
Last earnings filing: 2019/02/11
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.