Repco Home Finance – Growth Prospects Looks Bright, Valuation Stands At Comfortable Level: HDFC Securities


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HDFC Securities Retail Research

India’s low mortgage penetration favorable demographics and constant government push have already created structural upswing for the affordable housing segment.

Moreover, since last few months there has been a revival in demand for housing; a strong inventory absorption was supported by pent up demand, improved affordability, lower home loan interest rates, and certain state incentives etc.

Repco Home Finance Ltd. is one of the affordable housing finance company that we think is well placed to capture this growth.

It is a niche player in the small-ticket housing finance market. It focuses on under-served markets, especially the self-employed in tier-II and III cities. There has been noteworthy improvement in the performance in the past few quarters.

Repco’s new management has drawn down a concrete strategy for growth.

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