Indiabulls Housing Finance Ltd - Stock Valuation and Financial Performance

BSE: 535789 | NSE: IBULHSGFIN | Finance - Housing | Small Cap

Indiabulls Housing Share Price

174.35 -2.95 -1.66%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Indiabulls Housing

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Indiabulls Housing Finance stock performance -

mw4me loader
P/E Ratio (SA):
13.84
Market Cap:
12,878.9 Cr.
52-wk low:
89.6
52-wk high:
209.6

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

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

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

2. Is Indiabulls Housing Finance Ltd undervalued or overvalued?

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

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

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Indiabulls 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 Indiabulls Housing:

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.
Indiabulls 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.)5,2546,2928,00710,12513,75915,40811,3998,6557,7657,3647,300
YoY Gr. Rt. %-19.8%27.3%26.5%35.9%12%-26%-24.1%-10.3%-5.2%-
Adj EPS (₹ ) 40.349.648.659.866.677.845.120.413.315.512.6
YoY Gr. Rt. %-23.1%-2.1%23.1%11.4%16.8%-42.1%-54.7%-35.1%16.9%-
BVPS (₹ )145.9162.8222.3249.7323.3356.8307.5296294.7300279.7
YoY Gr. Rt. %-11.6%36.6%12.3%29.5%10.4%-13.8%-3.8%-0.4%1.8%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)3.743.53.22.8321.20.91.10

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Net Interest Income3.8%-11.8%-13.6%-5.2%
Adj EPS-10.1%-25.3%-30%16.9%
BVPS8.3%-1.5%-0.8%1.8%
Share Price -3.5% -25.1% 4.4% 91.2%

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 (%)0000000000-
Capitalization Ratio To view Capitalization Ratio Colour Rating Guide click here
Capital Adequacy Ratio (%) 19.118.420.50000000-
Margins
Net Profit Margin (%)28.731.428.728.123.224.21912.2911.112.7
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)29.433.12725.423.322.913.674.55.24.5

Recent Performance Summary

Total income growth is good in last 4 quarters

Return on Equity has declined versus last 3 years average to 4.30%

Total Income has declined 0.20 CAGR in last 3 years

Net Profit has declined -29.95 CAGR in last 3 years

Latest Financials - Indiabulls Housing Finance Ltd.

Standalone Consolidated
TTM EPS (₹) 12.6 15.7
TTM Sales (₹ Cr.) 7,300 8,346
BVPS (₹.) 279.7 303.6
Reserves (₹ Cr.) 20,511 22,281
P/BV 0.62 0.57
PE 13.84 11.13
From the Market
52 Week Low / High (₹) 89.60 / 209.56
All Time Low / High (₹) 72.47 / 1283.86
Market Cap (₹ Cr.) 12,879
Equity (₹ Cr.) 147.7
Face Value (₹) 2
Industry PE 9.4

Management X-Ray of Indiabulls Housing:

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 Indiabulls Housing

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
Income5,7297,1998,91611,39913,83115,57612,0258,7537,8487,469
Interest Income5,2546,2928,00710,12513,75915,40811,3998,6557,7657,364
Other Income 4759079091,274721676269883106
Expenditure 3,8284,6665,8637,7199,90310,4289,4787,3616,8926,364
Interest Expense 3,2323,8444,8426,3157,7119,0577,7106,3085,8655,131
Operating Expenses 376444598685802951795425616716
Provisions 2203784237191,389420974628412516
Exceptional Items 0000000000
Profit Before Tax 1,9012,5333,0533,6813,9295,1482,5471,3929561,106
Taxes 3915557598387431,418387334260287
Profit After Tax 1,5101,9782,2942,8423,1853,7292,1601,058696819
Adjusted EPS (₹)40.349.648.659.866.677.845.120.413.315.5
Dividend Payout Ratio (%)64%47%83%40%55%46%61%39%0%7%

Balance Sheet

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

Equity and Liabilities

Equity Capital5,4676,49210,50411,86915,55517,25914,93015,52215,65216,029
Share Capital 67718485858586929494
Reserves 5,4006,42110,42011,78415,47017,17314,84415,43015,55915,935
Minority Interest0000000000
Long Term Borrowings20,25329,73437,09054,03685,86483,50563,40752,71044,14934,535
Current Liabilities 17,68520,11028,75137,02025,48019,33913,96614,64515,74117,151
Trade Payables2396292712113
Short term borrowings8,44710,49113,66116,58319,29113,82110,17410,82112,88013,174
Other Liabilities-8,450-10,495-13,670-16,589-19,320-13,848-10,185-10,822-12,881-13,177
Total Liabilities 43,40556,33776,3461,02,9251,26,8991,20,10392,30382,87775,54367,715

Assets

Non Current Asset 31,01940,53555,26875,1281,09,08185,81368,88262,19962,21058,131
Loan Asset 29,21438,48652,02470,7471,02,04476,63758,50553,10950,75747,659
Other Non Current Asset 1,8052,0493,2444,3817,0379,17510,3779,09011,45310,472
Current Asset 12,38715,80221,07827,79717,81834,29023,42120,67813,3339,585
Current Investment2,8895,9829,79112,63511,72117,7657,9002,5278092,069
Other Current Asset9,4979,82011,28615,1626,09716,52515,52118,15112,5247,516
Total Assets 43,40556,33776,3461,02,9251,26,8991,20,10392,30382,87775,54367,715

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -1,362-8,459-12,384-16,307-20,00927,42614,0807,6011,4481,767
Cash Flow From Investing Activity -671-2,092-4,968-2,146510-7,4469,7262,5811,2842,583
Cash Flow From Financing Activity 1,96410,21016,08021,03018,467-10,506-25,672-10,428-6,371-9,118
Net Cash Flow -69-341-1,2722,577-1,0329,474-1,865-246-3,640-4,768
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Operational & Financial Ratios

EPS (₹)45565467758751231517
DPS (₹)29264527414031901
BVPS (₹)164183249280362400345332330336

Performance Ratios

ROA (%)3.74.03.53.22.83.02.01.20.91.1
ROE (%)29.433.127.025.423.322.913.67.04.55.2
ROCE (%)13.513.912.912.110.912.210.29.39.09.2

Valuation Parameters

Price/Book(x)1.53.12.63.63.42.10.30.60.50.3

Indiabulls Housing Finance Ltd Stock News

Indiabulls Housing Finance Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Indiabulls Housing on 12-Apr-2024 16:59 is ₹174.3.
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 Indiabulls Housing stood at ₹12,878.9.
The latest P/E ratio of Indiabulls Housing as of 12-Apr-2024 16:59 is 13.84.
The latest P/B ratio of Indiabulls Housing as of 12-Apr-2024 16:59 is 0.62.
The 52-week high of Indiabulls Housing is ₹209.6 and the 52-week low is ₹89.60.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indiabulls Housing is ₹7,300 ( Cr.) .

About Indiabulls Housing Finance Ltd

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.
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