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BSE: 511676 | NSE: GICHSGFIN | Finance - Housing | Small Cap
1. Is GIC Housing Finance Ltd a good quality company?
Past 10 year's financial track record analysis by Moneyworks4me indicates that GIC Housing Finance Ltd is a average quality company.
2. Is GIC Housing Finance Ltd undervalued or overvalued?
The key valuation ratios of GIC Housing Finance Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
3. Is GIC Housing Finance Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of GIC Housing Finance Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Income (₹ Cr.) | 552 | 624 | 731 | 874 | 1,000 | 1,110 | 1,225 | 1,247 | 1,231 | 1,150 | 1,112 | |
| YoY Gr. Rt. % | - | 12.9% | 17.2% | 19.6% | 14.4% | 11% | 10.4% | 1.9% | -1.4% | -6.6% | - | |
| Adj EPS (₹ ) | 15.8 | 18.1 | 19.1 | 23.1 | 27.4 | 38.2 | 31.9 | 8.5 | 19.6 | 32.2 | 39 | |
| YoY Gr. Rt. % | - | 14.8% | 5.5% | 20.9% | 18.6% | 39.2% | -16.4% | -73.5% | 131.4% | 64.4% | - | |
| BVPS (₹ ) | 102.3 | 113.4 | 122.6 | 135.9 | 155.7 | 207.7 | 232.9 | 234.6 | 252.1 | 280.6 | 306 | |
| YoY Gr. Rt. % | - | 10.8% | 8.2% | 10.8% | 14.5% | 33.4% | 12.1% | 0.7% | 7.5% | 11.3% | - | |
| To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ | ||||||||||||
| Net Profit/Total Funds (%) | 1.9 | 1.9 | 1.7 | 1.7 | 1.7 | 2 | 1.4 | 0.4 | 0.8 | 1.4 | 0 | |
CAGR ⓘCAGR Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Net Interest Income | 8.5% | 2.8% | -2.1% | -6.6% | ||||||||
| Adj EPS | 8.3% | 3.3% | 0.3% | 64.4% | ||||||||
| BVPS | 11.9% | 12.5% | 6.4% | 11.3% | ||||||||
| Share Price | 3.9% | -16.2% | 37.1% | 13.2% | ||||||||
Key Financial Ratios |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RATIOS \ YEARS | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | |
| Asset Quality Ratio | To view Asset Quality Ratio Colour Rating Guide click here ⓘ | |||||||||||
| Net NPA to Net Advances (%) | 0 | 0 | 0 | 0 | 0.3 | 0 | 0 | 0 | 0 | 0 | - | |
| Capitalization Ratio | To view Capitalization Ratio Colour Rating Guide click here ⓘ | |||||||||||
| Capital Adequacy Ratio (%) | 14 | 17.3 | 15.4 | 17.4 | 16.6 | 0 | 0 | 0 | 0 | 0 | - | |
| Margins | ||||||||||||
| Net Profit Margin (%) | 15.4 | 15.6 | 14.1 | 14.2 | 14.8 | 18.5 | 14 | 3.7 | 8.6 | 15.1 | 18.9 | |
| Performance Ratios | To view Performance Ratios Colour Rating Guide click here ⓘ | |||||||||||
| Return on Equity (%) | 16.2 | 16.8 | 16.2 | 17.9 | 18.8 | 21 | 14.5 | 3.6 | 8.1 | 12.1 | 12.7 | |
Return on Equity has increased versus last 3 years average to 13.30%
Net Profit has increased 0.33 CAGR in last 3 years
Total income growth is good in last 4 quarters
Total Income has declined -3.34 CAGR in last 3 years
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 39 | 39 |
| TTM Sales (₹ Cr.) | 1,112 | 1,112 |
| BVPS (₹.) ⓘ | 306 | 306 |
| Reserves (₹ Cr.) ⓘ | 1,594 | 1,594 |
| P/BV ⓘ | 0.51 | 0.50 |
| PE ⓘ | 3.97 | 3.96 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 109.95 / 247.70 |
| All Time Low / High (₹) | 4.79 / 623.20 |
| Market Cap (₹ Cr.) | 834 |
| Equity (₹ Cr.) | 53.9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 23.4 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
GIC Housing Finance was incorporated as 'GIC Grih Vitta Limited' on December 12, 1989. The name was changed to its present name vide a fresh Certificate of Incorporation issued on November 16, 1993.
The company offers loans on fixed and floating basis. Apart from this, it is having Flexi- Fixed, Step Up/ Step Down schemes and mortgage loans.
The company was promoted by General Insurance Corporation of India and its erstwhile subsidiaries namely, National Insurance Company Limited, The New India Assurance Company Limited, The Oriental Insurance Company Limited and United India Insurance Company Limited together with UTI, ICICI, IFCI, HDFC and SBI, all of them contributing to the initial share capital.
The company was formed with the objective of entering in the field of direct lending to individuals and other corporates to accelerate the housing activities in India. The primary business of GICHFL is granting housing loans to individuals and to persons/entities engaged in construction of houses/flats for residential purposes.
The company carried a vision for the future of housing in India. And it is always believed at GICHFL that its success and growth depends on its principles which are ;
Housing being the one of the essential needs of mankind, the demand for shelter grows in line with the increase in population and the standard of living, hence the need of financing the purchasing of a House came up. The importance of the housing sector can be judged by the fact that they consider house as the best investment and want to invest their hard earned money or saving in a house. The need for finance to purchase a house brought out specialized housing finance institutions. Housing finance companies (HFCs) as they are called today, have stepped up their lending over the years contributing to the growth of the housing sector. Their strength lies in their skills in lending exclusively for housing sector. Such is the background of GIC Housing Finance Ltd (GICHFL).
GICHFL has presence in 27 locations (24 Business Centers & 3 Collection centers) across the country for business. It has got a strong marketing team, which is further assisted by Sales Associates (SAs). It has tie-ups with builders to provide finance to individual borrowers. It also has tie-ups with corporates for various housing finance needs.
Milestones achieved:
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