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Indiabulls Housing Finance Ltd Stock Analysis

Mid Cap
Evaluated by 2965 users | BSE: 535789 | NSE: IBULHSGFIN |
Finance - Housing

Indiabulls Housing Finance Ltd. (IBHFL) is one of largest housing finance company in the country. Customer delight is and has always been a priority for company. its competency to deliver to its customers quick solution and seamless experiences lies in the...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Indiabulls Housing Finance Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Operating Income (Rs. Cr.)3268014,4615,2546,2928,00710,12513,75915,40811,399
Y-o-Y Gr. Rt.-145.4%457.2%17.8%19.8%27.3%26.5%35.9%12%-26%
Adjusted EPS (Rs.)
Adjusted Earning per Share is the company’s net profit per share after adjusting for extra-ordinary/exceptional items
5.0616.0639.2945.255.6454.4567.0674.6887.2550.52
Y-o-Y Gr. Rt.-217.4%144.7%15%23.1%-2.1%23.2%11.4%16.8%-42.1%
Book Value per Share (Rs.)
The total value that a company will fetch upon liquidation (if it is closed down), after settling all obligations is called its Book Value. Book value of a company includes only tangible assets. Book value allocated to each outstanding share is called Book Value per share
47.1161.35154.34163.58182.51249.25279.97362.47400.01344.78
Y-o-Y Gr. Rt.-30.2%151.6%6%11.6%36.6%12.3%29.5%10.4%-13.8%
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%): Colour Rating Guide
  • >1.25 : Very Good
  • 1-1.25 : Somewhat Good
  • <1: Not Good
Net Profit/Total Funds (%)3.084.475.233.653.973.463.172.773.022.03
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Indiabulls Housing Finance Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Operating Income48.4%12.6%4%-26%
Adjusted EPS
Adjusted Earnings per Share is the Company’s net profit per share after adjusting for extra-ordinary/exceptional items.
29.1%-1.9%-9%-42.1%
Book Value per Share
24.8%13.6%7.2%-13.8%
Share Price - -23% -47% 50.8%
Key Financial Ratios
RATIOS \ YEARSMar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Asset Quality Ratio
To view Asset Quality Ratio Colour Rating Guide click here
Asset Quality Ratio: Colour Rating Guide
  • <0.5 : Very Good
  • 0.5-1 : Somewhat Good
  • >1 : Not Good
Net NPA to Net Advances (%)0000000000
Capitalization Ratio
To view Capitalization Ratio Colour Rating Guide click here
Capitalization Ratio: Colour Rating Guide
  • >14% : Very Good
  • 12%-14% : Somewhat Good
  • <12% : Not Good
Capital Adequacy Ratio (%)20.0918.8618.4719.1418.3520.510000
Margins
Net Profit Margin (%) 24.1631.2227.5328.7431.4428.6528.0723.1524.218.95
Performance Ratios
To view Performance Ratios Colour Rating Guide click here
Performance Ratios: Colour Rating Guide
  • >15 : Very Good
  • 12-15 : Somewhat Good
  • <12 : Not Good
Return on Equity (%) 14.4929.6142.529.3633.127.0125.4223.3122.9113.57
Corporate Governance What do we look at?
Corporate Governance
Board Credentials
Promoter's holding
Transparency
Integrity
Entity Percentage Holding
Promoters 21.70%
Institutions 46.35%
Non-Institutions 31.95%
Pledged *12.7212.720.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Indiabulls Housing Finance Ltd and arrived at the following conclusion:

Past 10 year's financial track record indicates that Indiabulls Housing Finance Ltd is a below average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Indiabulls Housing Finance Ltd's performance infers:

Indiabulls Housing Finance Ltd earnings have declined by -1.9%, whereas share price has depreciated -23% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

Data is not available for this company

Indiabulls Housing Finance Ltd. (IBHFL) is one of largest housing finance company in the country. Customer delight is and has always been a priority for company. its competency to deliver to its customers quick solution and seamless experiences lies in the expertise of its employees operating out of its national wide  network of branches, its external channel partners and ahead-of-its-me digital platform that offer customized solutions  and

Indiabulls Housing Finance Ltd. (IBHFL) is one of largest housing finance company in the country. Customer delight is and has always been a priority for company. its competency to deliver to its customers quick solution and seamless experiences lies in the expertise of its employees operating out of its national wide  network of branches, its external channel partners and ahead-of-its-me digital platform that offer customized solutions  and round-the-clock service to its customers.

Business area of the economy

The Company is primarily engaged in the business to provide finance. It also undertakes lending and finance to any person or persons, co-operative society, association of persons, body of individuals, companies, institutions, firms, builders, developers, contractors, tenants and others either at interest or without and/or with or without any security for construction, erection, building, repair, remodeling, development, improvement, purchase of houses, apartments, flats, bungalows, rooms, huts, townships and/or other buildings and real estate. Its offerings include home loans for resident Indians, home loans for non-resident Indians (NRIs), loan against property and home loan balance transfer. The Company also offers home renovation loan, rural home loans and home extension loans.

Company’s offerings   

  • Home Loan
  • Home Loan Balance Transfer
  • MSMSE Loans & LAP
  • Home Loans for NRI's
  • Home Renovation Loan
  • Home Extension Loans
  • Rural Home Loans
  • Pradhan Mantri Awas Yojana
  • ECLGS

Awards and Accolades

2011

  • Award for ‘The Best Stall’.
  • Award for ‘The Best Customer Service’.
  • ‘People’s Choice Award for Most Preferred Brand in Housing Finance’.
  • Award for ‘Excellence in Home Loan Banking’.

2012

  • Award for ‘Best Employer Brand’.

2013

  • Award for ‘Best Housing Finance Company of the Year’.
  • Award for ‘Housing Finance Company of the Year’.

2014

  • Award for ‘Fastest Growing Housing Finance Company of the Year 2013-14’.

2015

  • Award for ‘Best Housing Finance Company’.
  • Award for ‘Best Affordable Housing Finance Company of the Year’.

2016

  • SKOCH Smart Technologies Sustainable Growth - Silver Award (e-Home Loans).
  • Certificate of Excellence at the BFSI Tech Maestro Awards 2016.
  • Housing Finance Company of the Year at the Navabharat Realty Business Achievers Awards 2016.
  • ‘BFSI Digital Innovators Award (Customer Experience)’.
  • ‘Most Promising Brand for Housing Finance of the Year.
  • Award for ‘Best Housing Finance Company in Punjab’.
  • Award for ‘Excellence in Home Loan Banking’.

2017

  • Award for ‘Gold Level - Arogya World Healthy Workplace’.
  • Award for 'Excellence in Cost Management'.
  • SKOCH Order-of-Merit Award (Housing Finance).
  • Award for ‘Most Innovative Citizen Engagement Through Technology’.
  • Award for ‘Best use of Digital Media - 100% Dad Campaign’.
  • Certificate for ‘Risk Management’ at the ‘Golden Peacock Awards’.
  • Award for ‘Excellence in Home Loan Banking’.

2018

  • Best Social Media Brand in the BFSI sector (Financial Services).
  • Awards for Annual Report, Brand Film and Table Calendar 2017-18.

2019

  • Ranked 20th among India’s Best Companies to Work For 2019.
  • India’s Best Workplaces in BFSI-2019.
  • India’s Best Workplaces in NBFC- 2019.

Milestones

2013

  • IBFSL revenue merged into IBHFL.

2015

  • Rating upgraded to AAA.
  • Gross disbursement cross Rs 1,00,000 crore.

2016

  • Raised Rs. 4,000 crore through QIP.

2017

  • Included in NIFTY50 Index.
  • Balance sheet crosses Rs. 1.04 trillion.

2020

  • Indiabulls Housing Finance has launched its QIP (qualified institutional placement) and set the floor price at Rs 206.70 per equity share for the issue.
  • Indiabulls Housing Finance has sold a portion of its stake in OakNorth Holding -- the wholly owning parent company of OakNorth Bank to HighSage Ventures LLC for Rs 440 crore.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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