Reliance Home Finance Ltd (RHFL)
🎯 Key Takeaways
- Reliance Home Finance Ltd (RHFL) is currently in a distressed, non-operational state following the initiation of Corporate Insolvency Resolution Process (CIRP) in September 2025. The company has not generated revenue since at least June 2024, with consistent operating losses and negative EPS, while its balance sheet reflects minimal asset base and negative reserves.
- ⚠️ 1) The company remains in active insolvency proceedings with no resolution plan finalized, leaving recovery prospects for shareholders highly uncertai
📖 The Story
Reliance Home Finance Ltd (RHFL) is currently in a distressed, non-operational state following the initiation of Corporate Insolvency Resolution Process (CIRP) in September 2025. The company has not generated revenue since at least June 2024, with consistent operating losses and negative EPS, while its balance sheet reflects minimal asset base and negative reserves. Management commentary from repeated Committee of Creditors (CoC) meeting updates underscores procedural continuity in insolvency but provides no clarity on resolution timelines or recovery prospects.
📰 What's Happening
Recent filings from June to August 2026 detail the ongoing schedule of CoC meetings under CIRP, including the 13th meeting held on August 6, 2026, and prior rescheduling of the 11th and 12th meetings. These updates confirm procedural adherence but emphasize the absence of resolution outcomes or financial recovery updates. The company continues to operate under insolvency governance, with no disclosed operational revival or restructuring plan finalized to date.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 |
|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 |
| Operating Profit | -0 | -1 | -2 | -1 |
| OPM % | -244.4% | -3350.0% | -11650.0% | — |
| Net Profit | -0 | 27 | -2 | -1 |
| EPS | ₹-0.01 | ₹0.56 | ₹-0.04 | ₹-0.01 |
The company has reported zero revenue in all quarters since at least September 2024, with operating losses persisting and negative profitability metrics. Despite a brief net profit of ₹27 in September 2024, subsequent quarters show recurring losses, indicating no sustainable business revival. The financial trajectory reflects a company in terminal distress, with no meaningful income generation and deteriorating operational footing over time.
🔮 Management Outlook & What's Next
Management has not provided forward-looking guidance or recovery targets in the latest filings. The repeated CoC meeting updates focus solely on procedural compliance within the insolvency framework, with no mention of restructuring alternatives, timelines for resolution, or revival plans. The absence of strategic commentary suggests limited visibility into a potential path forward for shareholders.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2023 | Mar 2024 | Mar 2024 | Mar 2025 | Mar 2025 |
|---|---|---|---|---|---|
| Equity Capital | 485 | 485 | 485 | 485 | 485 |
| Reserves | -559 | -553 | -562 | -535 | -538 |
| Borrowings | 87 | 87 | 91 | 38 | 40 |
| Total Liabilities | 35 | 32 | 30 | 3 | 2 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 35 | 32 | 30 | 3 | 2 |
The balance sheet shows a severely contracted asset base of ₹2–3 crore as of March 2025, with total liabilities slightly lower than equity due to deeply negative reserves. Borrowings have marginally declined, but the company remains lightly capitalized with no operational funding source. This indicates a focus on finalizing insolvency proceedings rather than reinvesting or restructuring for recovery.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2023 |
|---|---|
| Operating | +4,103 |
| Investing | +103 |
| Financing | -4,035 |
| Net Cash Flow | +171 |
👥 Shareholding Pattern
| Category | Q1FY25 | Q2FY25 | Q3FY25 | Q4FY25 |
|---|---|---|---|---|
| Promoters | 0.7% | 0.7% | 0.7% | 0.7% |
| FII | 0.0% | 0.0% | 0.0% | 0.0% |
| DII | 1.6% | 1.6% | 1.6% | 1.6% |
| Public | 88.1% | 88.1% | 89.0% | 89.0% |
| # Shareholders | 9,60,349 | 9,60,349 | 10,06,312 | 10,06,312 |
Shareholding patterns remain stable with promoter holding at 0.74% and public shareholders dominating over 88% of equity. Institutional (FII/DII) ownership is negligible, reflecting minimal investor confidence. The lack of change in shareholder structure suggests no significant accumulation or exit activity, consistent with the stock’s delisting-level status and low liquidity.
⚖️ Peer Comparison — Finance
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| BAJFINANCE | 6.28 L Cr | 30.9 | 10.4% | 18.1% | 3.82 |
| BAJAJFINSV | 2.94 L Cr | 28.9 | 11.4% | 26.5% | 5.50 |
| SHRIRAMFIN | 2.31 L Cr | 17.3 | 11.5% | 17.1% | 3.80 |
| ICICIAMC | 1.53 L Cr | 30.6 | 111.5% | 83.6% | 0.00 |
| CHOLAFIN | 1.51 L Cr | 26.1 | 9.3% | 18.9% | 6.93 |
| JIOFIN | 1.49 L Cr | 69.9 | 2.3% | 1.6% | 0.17 |
| TATACAP | 1.46 L Cr | 26.6 | 8.4% | 12.3% | 5.28 |
| BAJAJHLDNG | 1.22 L Cr | 13.7 | 12.4% | 12.3% | 0.00 |
| PFC | 1.15 L Cr | 4.4 | 9.8% | 25.3% | 7.62 |
| MUTHOOTFIN | 1.11 L Cr | 9.8 | 14.4% | 29.3% | 3.88 |
🔗 Peer Stock Analyses
⚠️ Risk Factors
1) The company remains in active insolvency proceedings with no resolution plan finalized, leaving recovery prospects for shareholders highly uncertain. 2) Persistent zero revenue and recurring losses indicate no viable path to operational revival without external capital or debt restructuring. 3) Negative reserves and minimal asset base increase vulnerability to creditor claims and potential write-off of equity value. 4) Delisting risk is elevated due to prolonged trading halts and negligible market interest.
📋 Recent Filings
-
🔴 Announcement 10 August 2026Reliance Home Finance Limited (RHFL) disclosed that its 13th Committee of Creditors meeting under the Corporate Insolvency Resolution Process was held...
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🔴 Announcement 4 August 2026Reliance Home Finance Limited (RHFL) disclosed that the 13th meeting of its Committee of Creditors will occur on August 5, 2026 at 3:00 PM IST via vid...
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🔴 Announcement 17 July 2026Reliance Home Finance Limited disclosed a post-facto update that its 12th Committee of Creditors meeting, originally set for July 2, 2026, was resched...
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🔴 Announcement 24 June 2026Reliance Home Finance Limited (RHFL) disclosed a post-facto update that its 11th Committee of Creditors meeting, originally set for June 15, 2026 at 3...
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🔴 Announcement 18 June 2026Reliance Home Finance Limited announced that the eleventh meeting of its Committee of Creditors, originally set for June 15, 2026 at 3:00 PM IST, has ...
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🔴 Announcement 15 June 2026Reliance Home Finance Limited (RHFL) announced that its eleventh Committee of Creditors meeting under the Corporate Insolvency Resolution Process will...
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🔴 Announcement 9 June 2026Reliance Home Finance Limited (RHFL) announced the tenth meeting of its Committee of Creditors under the Corporate Insolvency Resolution Process, held...
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🔴 Announcement 17 April 2026Reliance Home Finance Limited disclosed a post-facto update that its ninth Committee of Creditors meeting, originally set for April 15, 2026 at 6:00 P...
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Announcement 23 March 2026Reliance Home Finance Limited (RHFL) filed a post-facto intimation on **March 23, 2026**, announcing the re-issuance of Form G under the Corporate Ins...
🧠 Analyst's Read
RHFL is effectively a distressed, non-operational entity with no visible path to solvency or shareholder recovery. Investors should monitor only for formal resolution announcements under CIRP, as any update could materially impact recovery estimates. The stock is currently driven by legal developments rather than fundamentals, and no meaningful valuation framework applies at this stage.
Based on filing content and financial data. Not a recommendation.
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-17.
Editorial & Data Transparency Notice
This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
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