Reliance Home Finance Ltd (NSE: RHFL) share: There was a time when Anil Ambani was among the top billionaires in the country, but with time his wealth kept decreasing.
₹107 Share Now Only ₹5: Ambani Family Penny Stock; 163% Bumper Return In 3 Months
At the same time, due to huge debt, most of the companies of Anil Ambani’s Reliance Group came into the bankruptcy process. This had an impact on the shares of Anil Ambani’s listed companies and they crashed badly.
Shares of most of the companies of Anil Ambani’s Reliance Group have now come in the category of penny stocks. At the same time, the ownership rights of some companies have gone to other investors.
One company in this category is Reliance Home Finance. The shares of this company are below Rs 6. Let us take a look at the financial condition of Reliance Home Finance and the journey of the share.
Anil Ambani, who once owned Reliance Home Finance, now has 2,73,891 shares. While Tina Ambani owns 2,63,474 of the shares. Anmol Ambani, Anil Ambani’s son, holds 28,487 of the shares.
Let us tell you that in the shareholding pattern of the September quarter, the promoter has a claim on a 0.74 percent stake. Talking about public shareholding, it is 99.26 percent.
How were the December quarter results?
Reliance Home Finance’s net sales declined by more than 99 percent to a paltry Rs 0.16 crore. This is 99.89% lower than Rs 140.77 crore in the December 2022 quarter.
Net loss during the quarter stood at Rs 2.56 crore. EBITDA was also negative at Rs 2.56 crore.
three-month return
Reliance Home Finance shares gave investors returns of more than 163 percent in three months. At the same time, this stock has increased by 118 percent in one month and more than 25 percent so far this year.
However, last Friday the share price was Rs 5.87 whereas on January 9 the share had touched the level of Rs 6.22. Let us tell you that this is also the 52-week high of the share.
However, in the long term, this stock has fallen by 95%. In September 2017, the price of this share was Rs 107.
About Reliance Home Finance Limited
Reliance Home Finance Limited engages in the area of financing housing in India. The firm offers a wide variety of loans, which include affordable home-based and mortgage-based loans and loans against properties and building financing loans.
In addition, it provides property services. Reliance Home Finance Limited was formed in the year 2008, and it is situated in Mumbai, India.
Reliance Home Finance (RHF) is one of the top Indian home finance firms within the public sector.
Fundamental Analysis of Reliance Home Finance Limited
| Market Cap | ₹ 267 Cr. |
| Current Price | ₹ 5.50 |
| 52-wk High | ₹ 6.22 |
| 52-wk Low | ₹ 1.61 |
| Stock P/E | 0.04 |
| Book Value | ₹ -1.40 |
| Dividend | 0.00 % |
| ROCE | 258 % |
| ROE | – |
| Face Value | ₹ 10.0 |
| P/B Value | – |
| OPM | 12,033 % |
| EPS | ₹ 123 |
| Debt | ₹ 86.6 Cr. |
| Debt to Equity | – |
Reliance Home Finance Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹6 | ₹9 |
| 2025 | ₹11 | ₹18 |
| 2026 | ₹22 | ₹35 |
| 2027 | ₹60 | ₹85 |
| 2028 | ₹92 | ₹121 |
| 2029 | ₹125 | ₹135 |
| 2030 | ₹142 | ₹210 |
Reliance Home Finance Limited Shareholding Pattern
| Promoters Holding | |
| Sept 2022 | 48.64% |
| Dec 2022 | 48.64% |
| Mar 2023 | 48.64% |
| June 2023 | 43.61% |
| Sept 2023 | 0.74% |
| FII Holding | |
| Sept 2022 | 2.19% |
| Dec 2022 | 2.19% |
| Mar 2023 | 2.19% |
| June 2023 | 0.39% |
| Sept 2023 | 0.39% |
| DII Holding | |
| Sept 2022 | 1.55% |
| Dec 2022 | 1.55% |
| Mar 2023 | 1.55% |
| June 2023 | 1.55% |
| Sept 2023 | 1.55% |
| Govt. Holding | |
| Sept 2022 | 0.01% |
| Dec 2022 | 0.01% |
| Mar 2023 | 0.01% |
| June 2023 | 0.01% |
| Sept 2023 | 0.01% |
| Public Holding | |
| Sept 2022 | 47.60% |
| Dec 2022 | 47.61% |
| Mar 2023 | 47.60% |
| June 2023 | 54.44% |
| Sept 2023 | 97.30% |
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹2,000 Cr |
| 2020 | ₹1,600 Cr |
| 2021 | ₹840 Cr |
| 2022 | ₹293 Cr |
| 2023 | ₹76 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹67 Cr |
| 2020 | ₹-375 Cr |
| 2021 | ₹-1,520 Cr |
| 2022 | ₹-5,440 Cr |
| 2023 | ₹5,976 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 8.51 |
| 2020 | 9 |
| 2021 | -244.44 |
| 2022 | -2.31 |
| 2023 | -0.76 |
Last 10 Years’ Profit Growth:
| 10 Years: | 70% |
| 5 Years: | 102% |
| 3 Years: | 157% |
| Current Year: | 221% |
Last 10 Years’ Sales Growth:
| 10 Years: | 1% |
| 5 Years: | -25% |
| 3 Years: | -37% |
| Current Year: | -76% |
Conclusion
This article is a complete guide about Reliance Home Finance Limited Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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