India Home Loan credit ratings, NPA status: 2025

Company snapshot and why it matters

India Home Loan Ltd (IHLL) operates as a housing finance company in India, focusing on retail home loan products in the affordable housing segment. The company is registered with the National Housing Bank (NHB) and is described as wholly owned by the Reserve Bank of India (RBI) for providing finance for the purchase and construction of houses and apartments. It offers loans for purchase, construction, extension, renovation, and improvement, along with loans against self-occupied residential property and project finance. IHLL is a non-deposit-taking housing finance company and qualifies for priority sector lending under RBI guidelines. Its lending approach is described as serving self-employed families where traditional income proof may be limited, with repayment capacity assessed based on cash flows. The company has a presence in Maharashtra and Gujarat and has expanded into Rajasthan.

Registered office and contact details

The registered office address listed for India Home Loan Ltd is 504/504A, 5th Floor, Nirmal Ecstasy, Jatashankar Dossa Road, Mumbai, Maharashtra, Pin Code 400080. The telephone number provided is 022-25683353, and the email is customercare@indiahomeloan.co.in. The company website is http://www.indiahomeloan.co.in.

Another Mumbai location is also provided: No. 9, Ground Floor, Shiv Shakti Industrial Estate, Mumbai 400011, Maharashtra. The telephone numbers listed for this address are 022-23016761 and 022-23018261, with fax 022-23012517. A customer helpline is also mentioned as 1860-267-3000 / 7039-050-000.

Stock price check-in and listed details

A stock price point is provided as ₹40.85, down ₹1.61 or 3.79%, as on Sep 15, 2025 at 03:30 PM. The company’s BSE symbol is listed as 530979, and its face value is ₹10. Market data in the provided text also shows market cap values of ₹52 crore and ₹55.8 crore at different points in the source material, alongside valuation and profitability ratios that remain low on ROE and high on P/E.

Credit rating actions flagged in June 2023

The material notes that, as on the date of the referenced report, IHLL received a letter dated June 27, 2023 from Infomerics Rating (Credit Rating Agency). The letter related to a revision in credit ratings for its facilities. Specifically, the Long-term fund-based bank facility (term loan) was revised from IVR D to IVR D / Issuer not cooperating, and the Non-Convertible Debentures (NCDs) were revised from IVR C to IVR D / Issuer not cooperating.

IHLL stated that it had not accepted the revised rating and was in formal discussions with the agency for revision in rating. Separately, a detailed rating communication dated June 28, 2023 is included in the text, listing multiple facilities moved into the “ISSUER NOT COOPERATING” category on the basis of best available information.

Facilities, amounts, and the “issuer not cooperating” label

The June 28, 2023 rating note lists fund-based facility term loans of INR 98.70 crore (reduced from 151.54) rated IVR D; ISSUER NOT COOPERATING, non-convertible debentures of INR 20.00 crore rated IVR D; ISSUER NOT COOPERATING, and a proposed long-term facility of INR 10.30 crore rated IVR D; ISSUER NOT COOPERATING. The total shown is INR 129.00 crore.

The rationale section states that the revision in ratings reflects lack of adequate information available about the performance of the company and uncertainty around its credit risk to meet debt servicing in a timely manner. It also states that bank loan facilities and NCDs aggregating to INR 129.00 crore were moved to the “ISSUER NOT COOPERATING” category by Infomerics and noted as IVR D; ISSUER NOT COOPERATING.

February 2025: reaffirmation and NPA reference

A later Infomerics note dated February 07, 2025 states that Infomerics reaffirmed its rating to the bank facilities and debt instruments of IHLL. It also states that the ratings have been removed from the Issuer Not Cooperating category. However, the rationale in the same section links the reaffirmation to ongoing delays in servicing debt obligations, as confirmed by the banker and the debenture trustee.

The banker is also stated to have confirmed that the account has been classified as an NPA account. The note additionally mentions that the withdrawal of the rating of Long-Term Bank Facilities (Dropline OD facilities) was taken at the request of IHLL and that a “No Due Certificate” was received from the lender, with withdrawal carried out under Infomerics’ policy on withdrawal.

CARE’s July 2024 stance in the provided material

The text also notes that CARE Ratings continued to classify the company under the ISSUER NOT CO-OPERATING category, citing a press release dated July 10, 2024, on account of lack of adequate information. This creates a timeline where different agencies’ public classification and disclosure status can vary by date and by the information available.

Key figures mentioned in the source

The provided data includes both market statistics and rating-related instrument amounts. These figures are useful for understanding what the market was seeing (price and valuation multiples) alongside what rating documents were highlighting (facility sizes, rating category changes, and servicing status).

Market impact: what the disclosures signal

The information supplied links rating actions to disclosure availability and to debt servicing status. “Issuer not cooperating” flags generally indicate constrained information flow to the rating agency, which can affect how instruments are viewed by lenders and investors. The February 2025 rationale explicitly references delays in servicing obligations and an NPA classification confirmed by the banker, which is material in credit assessment.

On the equity side, the stock data provided shows a small-cap profile with market cap figures in the ₹52-₹55.8 crore range and a price around ₹40.85 at the cited timestamp. The valuation metrics listed include a high P/E multiple (279.77 TTM) with low EPS (0.13) and modest ROE (0.66%). These numbers, combined with credit-related disclosures, underline why investors often track both market ratios and rating documents for housing finance companies.

Conclusion

India Home Loan Ltd’s profile in the provided material is defined by its affordable housing finance positioning and a sequence of rating-related updates spanning 2023 to 2025. The June 2023 Infomerics documentation shows “issuer not cooperating” classification across facilities, while the February 2025 rationale notes removal from that category but also cites servicing delays and an NPA classification confirmed by the banker. Investors following IHLL typically watch for further rating communications, disclosures by the company and agencies, and any subsequent updates on servicing status and facility outcomes.