Stock Analysis Report

Header cover image

Reliance Home Finance

Executive Summary

Reliance Home Finance Limited engages in the housing finance business in India.

Snowflake Analysis

Fair value with worrying balance sheet.

Similar Companies

Share Price & News

How has Reliance Home Finance's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: 540709's share price has been volatile over the past 3 months.

Market Performance

7 Day Return




IN Mortgage


IN Market

1 Year Return




IN Mortgage


IN Market

Return vs Industry: 540709 underperformed the Indian Mortgage industry which returned -23.7% over the past year.

Return vs Market: 540709 underperformed the Indian Market which returned 1.6% over the past year.

Shareholder returns

7 Day-5.0%-5.7%-0.5%
30 Day-29.6%-7.4%2.4%
90 Day63.0%4.6%18.6%
1 Year-78.5%-78.5%-22.7%-23.7%3.6%1.6%
3 Yearn/a-21.4%-24.8%-2.4%-7.0%
5 Yearn/a19.9%11.4%24.9%15.5%

Price Volatility Vs. Market

How volatile is Reliance Home Finance's share price compared to the market and industry in the last 5 years?

Simply Wall St News

No news available


Is Reliance Home Finance undervalued compared to its fair value and its price relative to the market?


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: 540709 (₹2.07) is trading below our estimate of fair value (₹3.91)

Significantly Below Fair Value: 540709 is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: 540709 is unprofitable, so we can't compare its PE Ratio to the IN Mortgage industry average.

PE vs Market: 540709 is unprofitable, so we can't compare its PE Ratio to the Indian market.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 540709's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: 540709 is good value based on its PB Ratio (0.1x) compared to the IN Mortgage industry average (0.5x).

Next Steps

Future Growth

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


Forecasted Banks industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Reliance Home Finance has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Next Steps

Past Performance

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


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 540709 is currently unprofitable.

Growing Profit Margin: 540709 is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: 540709 is unprofitable, and losses have increased over the past 5 years at a rate of 43.2% per year.

Accelerating Growth: Unable to compare 540709's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 540709 is unprofitable, making it difficult to compare its past year earnings growth to the Mortgage industry (-1.8%).

Return on Equity

High ROE: 540709 has a negative Return on Equity (-39.9%), as it is currently unprofitable.

Next Steps

Financial Health

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

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Financial Institutions Analysis

Asset Level: 540709's Assets to Equity ratio (10.7x) is moderate.

Allowance for Bad Loans: Insufficient data to determine if 540709 has a sufficient allowance for bad loans.

Low Risk Liabilities: 540709 reports no customer deposits, 100% of its liabilities are made up of higher risk sources of funding.

Loan Level: Insufficient data to determine if 540709 has an appropriate level of Loans to Assets ratio.

Low Risk Deposits: 540709 reports no customer deposits, loans are made up entirely of externally borrowed funds.

Level of Bad Loans: Insufficient data to determine if 540709 has an appropriate level of bad loans.

Next Steps


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

Dividend Yield vs Market

Notable Dividend: Unable to evaluate 540709's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 540709's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 540709's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 540709's dividend payments have been increasing.

Current Payout to Shareholders

Dividend Coverage: 540709 is not paying a notable dividend for the Indian market.

Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 540709's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Ravindra Sudhalkar (52 yo)





Mr. Ravindra Sudhalkar has been Chief Executive Officer of Reliance Home Finance Limited (RHFL) since October 1, 2016 and had been its Executive Director until January 24, 2020. Mr. Sudhalkar serves as Chi ...

CEO Compensation Analysis

Compensation vs Market: Ravindra's total compensation ($USD618.37K) is above average for companies of similar size in the Indian market ($USD49.43K).

Compensation vs Earnings: Ravindra's compensation has been consistent with company performance over the past year.

Leadership Team

Ravindra Sudhalkar
Chief Executive Officer3.83yrs₹46.51mno data
Parul Jain
Company Secretary & Compliance Officer3.67yrs₹4.90mno data
Vijesh Thota
Chief Financial Officer0.25yrno datano data
Kunal Dikshit
Chief Technology Officerno datano datano data
Kishore Karmaran
National Manager of Administration & Infrastructureno datano datano data
Akshay Landge
Head of Legalno datano datano data
Prashant Utreja
Chief Human Resources Officerno datano datano data
Amit Arora
Business Head of Loans Against Property3.5yrsno datano data
Reshma Sethi
Head of Business Excellence3.5yrsno datano data
Rahul Sood
Head of Collections3.5yrsno datano data
Yash Shah
Head of Credit & Riskno datano datano data
Sangram Baviskar
Business Head of Mortgage-Construction Financeno datano datano data


Average Tenure

Experienced Management: 540709's management team is considered experienced (3.5 years average tenure).

Board Members

Sushilkumar Agrawal
Independent Director0.58yr₹40.00kno data
Rashna Khan
Independent Director1.25yrs₹640.00kno data
Chhaya Virani
Independent Director1.33yrs₹760.00kno data
Ashok Karnavat
Independent Director0.58yr₹80.00kno data
Ashok Ramaswamy
Independent Director1.25yrs₹560.00kno data
Sunil Wadikar
Non-Executive Director0.17yrno datano data


Average Tenure


Average Age

Experienced Board: 540709's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Reliance Home Finance Limited's company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Reliance Home Finance Limited
  • Ticker: 540709
  • Exchange: BSE
  • Founded: 2008
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: ₹960.416m
  • Shares outstanding: 485.06m
  • Website:

Number of Employees


  • Reliance Home Finance Limited
  • Reliance Centre
  • 6th Floor, South Wing
  • Mumbai
  • Maharashtra
  • 400055
  • India


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
540709BSE (Mumbai Stock Exchange)YesEquity SharesININRSep 2017
RHFLNSEI (National Stock Exchange of India)YesEquity SharesININRSep 2017


Reliance Home Finance Limited engages in the housing finance business in India. The company offers a range of loans, such as home loans, affordable housing loans, loans against properties, and construction ...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/04 12:37
End of Day Share Price2020/08/04 00:00
Annual Earnings2020/03/31

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.