LIC Housing Finance Ltd - Stock Valuation and Financial Performance

BSE: 500253 | NSE: LICHSGFIN | Finance - Housing | Mid Cap

LIC Housing Finance Share Price

647.95 -0.75 -0.12%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on LIC Housing Finance

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

IC Housing Finance stock performance -

mw4me loader
P/E Ratio (CD):
7.32
Market Cap:
35,641.3 Cr.
52-wk low:
324.2
52-wk high:
671.8

Is LIC Housing Finance Ltd an attractive stock to invest in?

1. Is LIC Housing Finance Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that LIC Housing Finance Ltd is a average quality company.

2. Is LIC Housing Finance Ltd undervalued or overvalued?

The key valuation ratios of LIC Housing Finance Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is LIC Housing Finance Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of LIC Housing Finance Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of LIC Housing Finance:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

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.
LIC Housing Finance Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Operating Income (₹ Cr.)9,27210,75112,47514,07214,87517,39519,73719,88219,97422,71426,712
YoY Gr. Rt. %-16%16%12.8%5.7%16.9%13.5%0.7%0.5%13.7%-
Adj EPS (₹ ) 26.127.733.138.539.948.247.554.341.652.688.6
YoY Gr. Rt. %-5.9%19.5%16.5%3.7%20.9%-1.5%14.3%-23.5%26.4%-
BVPS (₹ )150.3156.1182.6221.1283.6323.6361.9408.2449.9494.2552.5
YoY Gr. Rt. %-3.9%16.9%21.1%28.3%14.1%11.8%12.8%10.2%9.8%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)1.51.31.41.41.31.31.21.20.91.10

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Net Interest Income10.5%8.8%4.8%13.7%
Adj EPS8.1%5.7%3.4%26.4%
BVPS14.1%11.8%10.9%9.8%
Share Price 9.2% 3.7% 18% 98.1%

Key Financial Ratios

RATIOS \ YEARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Asset Quality Ratio To view Asset Quality Ratio Colour Rating Guide click here
Net NPA to Net Advances (%)0.40.20.20.10.41.12000-
Capitalization Ratio To view Capitalization Ratio Colour Rating Guide click here
Capital Adequacy Ratio (%) 16.415.31715.61614.413.9000-
Margins
Net Profit Margin (%)14.31313.413.813.51412.213.811.412.718.2
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)18.718.119.519.115.815.913.914.110.111.116

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 16.90%

Total Income has increased 4.79 CAGR in last 3 years

Net Profit has increased 3.43 CAGR in last 3 years

Total income growth is good in last 4 quarters

No data to display

Latest Financials - LIC Housing Finance Ltd.

Standalone Consolidated
TTM EPS (₹) 88.3 88.6
TTM Sales (₹ Cr.) 26,659 26,712
BVPS (₹.) 550.9 552.5
Reserves (₹ Cr.) 30,193 30,282
P/BV 1.18 1.17
PE 7.34 7.32
From the Market
52 Week Low / High (₹) 324.20 / 671.75
All Time Low / High (₹) 4.60 / 794.10
Market Cap (₹ Cr.) 35,641
Equity (₹ Cr.) 110
Face Value (₹) 2
Industry PE 9.4

Management X-Ray of LIC Housing Finance:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of LIC Housing Finance

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Income9,43610,94112,61014,23914,87617,39819,74219,88620,00522,728
Interest Income9,27210,75112,47514,07214,87517,39519,73719,88219,97422,714
Other Income 16418913516723543114
Expenditure 7,6028,82110,03511,26612,09414,00716,45916,52017,21819,167
Interest Expense 7,1748,3109,30710,23111,14412,89114,78214,45014,15116,135
Operating Expenses 397439520662446461562625937973
Provisions 31722083725046551,1151,4452,1302,059
Exceptional Items 0000000000
Profit Before Tax 1,8342,1192,5752,9732,7823,3923,2823,3652,7873,561
Taxes 5127229071,031774957879624501670
Profit After Tax 1,3211,3981,6681,9422,0082,4342,4042,7412,2862,891
Adjusted EPS (₹)26.127.733.138.539.948.247.554.341.652.6
Dividend Payout Ratio (%)17%18%17%16%17%16%17%16%20%16%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Equity Capital7,5867,8809,21511,15614,31116,33118,26520,60124,75127,185
Share Capital 101101101101101101101101110110
Reserves 7,4857,7799,11411,05514,21016,23018,16420,50024,64127,075
Minority Interest1222222333
Long Term Borrowings68,30682,21693,1501,06,8441,32,6611,48,0441,55,1161,80,2671,95,3252,08,648
Current Liabilities 19,71322,53328,22132,99623,80435,76943,01033,93133,23740,828
Trade Payables27273751537531865434
Short term borrowings3,7382,6985,4407,58713,42023,59236,33627,23027,26434,470
Other Liabilities-3,765-2,725-5,477-7,639-13,473-23,667-36,367-27,316-27,318-34,503
Total Liabilities 95,6051,12,6301,30,5871,50,9971,70,7792,00,1462,16,3932,34,8032,53,3152,76,663

Assets

Non Current Asset 86,3201,02,2651,18,1601,36,3261,67,5421,94,7102,10,5892,31,0472,50,5532,73,288
Loan Asset 85,8821,01,8251,17,6521,35,4141,66,1291,92,9462,07,9152,28,0432,45,2222,67,761
Other Non Current Asset 4384405089121,4131,7642,6743,0045,3315,527
Current Asset 9,28610,36512,42814,6713,2375,4365,8053,7552,7623,375
Current Investment21317181,0142,2943,5952,1701,5632,291
Other Current Asset9,28410,35212,41114,6532,2233,1422,2091,5851,2001,084
Total Assets 95,6051,12,6301,30,5871,50,9971,70,7792,00,1462,16,3932,34,8032,53,3152,76,663

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -11,523-14,345-13,039-14,273-18,977-21,538-14,738-17,140-16,729-19,632
Cash Flow From Investing Activity -2-58-58-2781,368-1,642-1,851858-1,628-799
Cash Flow From Financing Activity 13,04814,23214,09815,07218,07424,06815,15616,24517,85020,249
Net Cash Flow 1,524-1711,001521465887-1,434-37-507-183
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Operational & Financial Ratios

EPS (₹)26283338404847544253
DPS (₹)5566788999
BVPS (₹)150156183221284324362408450494

Performance Ratios

ROA (%)1.51.31.41.41.31.31.21.20.91.1
ROE (%)18.718.119.519.115.815.913.914.110.111.1
ROCE (%)10.910.810.610.39.49.49.18.17.17.6

Valuation Parameters

Price/Book(x)1.62.82.72.81.91.70.71.10.80.7

LIC Housing Finance Ltd Stock News

LIC Housing Finance Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of LIC Housing Finance on 12-Apr-2024 16:59 is ₹648.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Apr-2024 16:59 the market cap of LIC Housing Finance stood at ₹35,641.3.
The latest P/E ratio of LIC Housing Finance as of 12-Apr-2024 16:59 is 7.34.
The latest P/B ratio of LIC Housing Finance as of 12-Apr-2024 16:59 is 1.18.
The 52-week high of LIC Housing Finance is ₹671.8 and the 52-week low is ₹324.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of LIC Housing Finance is ₹26,659 ( Cr.) .

About LIC Housing Finance Ltd

Incorporated in 1989, LIC Housing Finance Ltd is one of the largest Housing Finance Companies in India with a key objective of providing long term finance to individuals for the purchase or construction of house/flat for residential purposes in India. LIC Housing Finance also provides finance on existing property for business/ personal needs and also gives loans to professionals for purchase/construction of Clinics/Nursing Homes/ Diagnostic Centers/ Office Space and also for purchase of equipment. The company also provides finance to builders and developers engaged in the business of construction of houses or flats for residential purpose and to be sold by them.

The company went public in 1994 and since then its stocks are listed and actively traded on the National Stock Exchange (NSE) and Bombay Stock Exchange Limited (BSE). LIC Housing Finance is amongst the pioneers in India ensuring access to housing finance for home ownership. With a strong business foundation, an extensive distribution network and proven industry expertise, LIC HFL is a respected and trusted financial services company.

Business area of the company

LIC Housing Finance is one of the largest Housing Finance Company in India. The main objective of the company is providing long term finance to individuals for purchase or construction of house or flat for residential purpose / repair and renovation of existing flat / houses.

Services & Products offered by the company

Home loan

  • Housing loan
  • Other Home loan products
  • Refinance
  • Special offers

Corporate/ Projects Loans

  • Corporate
  • Builders/ Developers

Other Loans

  • Loan against property
  • Loan against securities
  • Loans to professional
  • Loan against property for companies
  • Loan under rental securitizations

Awards & Accolades

  • Received Data Quality Award by Transunion CIBIL in the Housing Finance Company category at the TU CIBIL Annual Conference 2019.
  • Awarded the ‘Best Housing Finance Company’ at the National Real Estate Congress Leadership & Awards 2019.
  • Listed as ‘The Outperforming Housing Finance Company 2019’ by Outlook Business
  • Awarded Best Private Issuer 2019 on Electronic Bidding Platform by National Stock Exchange
  • Featured in the Top 10 Most Consistent Wealth Creators according to the ‘Motilal Oswal 24th Annual Wealth Creation Study, 2019’.

Milestones:

  • 1989: Incorporated LICHFL; Lending commences from first office in Delhi.
  • 1994: Launched IPO of Rs 120 crore.
  • 2002: Set up Dubai office, marking first overseas presence
  • 2004: Loan portfolio crosses Rs 10,000 crore
  • 2004: $29 million GDR issue; First HFC to do GDR issue oversubscribe
  • 2009: QIP of $135 million oversubscribed 6 times
  • 2015: Loan portfolio crosses Rs 1,00,000 crore
  • 2017: Crossed Rs 1,50,000 crore in assets
  • 2018: Profiled in India’s Leading BFSI Companies 2018 by Dun & Bradstreet
  • 2019: Crossed Rs 2,00,000 crore in assets.
  • 2020: LIC Housing Finance identifies 14 projects for alternative investment fund
  • 2020: LIC Housing Finance launches Project RED to improve efficiencies
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