Ind Bank Housing Ltd
Incorporated in 1991, Ind Bank Housing Ltd
is in the business of providing Housing Loans[1]
- Market Cap ₹ 47.1 Cr.
- Current Price ₹ 47.1
- High / Low ₹ 54.8 / 24.6
- Stock P/E
- Book Value ₹ -120
- Dividend Yield 0.00 %
- ROCE -5.96 %
- ROE %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -35.8% over past five years.
- Working capital days have increased from 4,695 days to 6,586 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Finance Industry: Finance - Housing
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
0.38 | 0.24 | 0.46 | 2.37 | 0.72 | 1.05 | 2.11 | 0.57 | 0.50 | 0.36 | 0.23 | 0.23 | 0.00 | |
0.53 | 0.35 | 0.15 | -4.62 | 0.38 | 0.35 | 0.25 | 0.53 | 0.85 | 0.55 | 0.39 | 0.79 | 1.32 | |
Operating Profit | -0.15 | -0.11 | 0.31 | 6.99 | 0.34 | 0.70 | 1.86 | 0.04 | -0.35 | -0.19 | -0.16 | -0.56 | -1.32 |
OPM % | -39.47% | -45.83% | 67.39% | 294.94% | 47.22% | 66.67% | 88.15% | 7.02% | -70.00% | -52.78% | -69.57% | -243.48% | |
-4.48 | 0.00 | 0.03 | 0.73 | 0.04 | 1.22 | 0.05 | 0.10 | 3.10 | 0.00 | 0.03 | 0.00 | 0.29 | |
Interest | 7.84 | 8.61 | 9.57 | 14.87 | 11.87 | 13.16 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Depreciation | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Profit before tax | -12.48 | -8.73 | -9.24 | -7.16 | -11.50 | -11.24 | 1.91 | 0.13 | 2.75 | -0.19 | -0.13 | -0.56 | -1.03 |
Tax % | 0.00% | 2.06% | 0.00% | -2.65% | 0.00% | 0.00% | 6.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
-12.48 | -8.55 | -9.24 | -7.35 | -11.50 | -11.24 | 1.78 | 0.13 | 2.74 | -0.19 | -0.13 | -0.56 | -1.03 | |
EPS in Rs | -12.48 | -8.55 | -9.24 | -7.35 | -11.50 | -11.24 | 1.78 | 0.13 | 2.74 | -0.19 | -0.13 | -0.56 | -1.03 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | 0% |
5 Years: | -36% |
3 Years: | -23% |
TTM: | 0% |
Compounded Profit Growth | |
---|---|
10 Years: | 7% |
5 Years: | % |
3 Years: | % |
TTM: | -442% |
Stock Price CAGR | |
---|---|
10 Years: | 23% |
5 Years: | 6% |
3 Years: | 14% |
1 Year: | 60% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | % |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Reserves | -85.79 | -94.33 | -103.58 | -110.93 | -122.42 | -133.66 | -131.88 | -131.75 | -129.00 | -129.19 | -129.32 | -129.88 | -130.42 |
76.63 | 84.99 | 94.56 | 105.13 | 117.00 | 129.85 | 129.00 | 129.00 | 129.00 | 129.00 | 129.00 | 129.00 | 129.00 | |
4.50 | 6.78 | 7.47 | 6.18 | 6.07 | 6.15 | 4.07 | 3.86 | 0.77 | 0.72 | 0.60 | 1.14 | 0.60 | |
Total Liabilities | 5.34 | 7.44 | 8.45 | 10.38 | 10.65 | 12.34 | 11.19 | 11.11 | 10.77 | 10.53 | 10.28 | 10.26 | 9.18 |
0.05 | 0.03 | 0.03 | 0.02 | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 0.09 | 0.08 | 0.03 | 0.04 | 0.03 | 0.05 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
5.20 | 7.33 | 8.39 | 10.32 | 10.61 | 12.29 | 11.16 | 11.10 | 10.76 | 10.52 | 10.27 | 10.25 | 9.17 | |
Total Assets | 5.34 | 7.44 | 8.45 | 10.38 | 10.65 | 12.34 | 11.19 | 11.11 | 10.77 | 10.53 | 10.28 | 10.26 | 9.18 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2.17 | 0.79 | 1.29 | 0.64 | 0.61 | -11.25 | -0.48 | -0.18 | -0.46 | -0.23 | -0.29 | -0.11 | |
0.64 | 0.55 | 0.05 | 0.00 | 0.00 | 0.04 | 0.03 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | |
-0.25 | 0.00 | 0.00 | -0.14 | 0.00 | 12.85 | -0.85 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
Net Cash Flow | 2.56 | 1.34 | 1.34 | 0.50 | 0.61 | 1.64 | -1.30 | -0.19 | -0.45 | -0.23 | -0.29 | -0.11 |
Ratios
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Working Capital Days | -1,085.39 | -5,201.25 | -3,356.41 | -454.32 | -1,490.42 | -45.19 | -6.92 | 51.23 | 102.20 | 182.50 | 7,315.87 | 6,585.87 |
ROCE % | -4.09% | -16.00% | 40.24% | 297.68% | 8.43% | 35.65% | 28.70% | 1.81% | 31.88% | -1.92% | -1.33% | -5.96% |
Documents
Announcements
- Board Meeting Intimation for Notice For The Board Meeting To Be Held On 20.04.2024 12 Apr
-
Certificate Under Regulation 7(3) Of SEBI LODR Regulations 2015
6 Apr - With reference to the above we herewith enclose the certificate issued by our Registrar and Shar Transfer Agent (Cameo Corporate Services Limited , Subramanian Building …
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
6 Apr - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the Quarter ended 31st March 2024.
- Closure of Trading Window 26 Mar
- Board Meeting Outcome for APPOINTMENT OF COMPANY SECRETARY AND COMPLIANCE OFFICER OF THE COMPANY 22 Mar
Annual reports
-
Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2010
from bse
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Financial Year 2009
from bse
Operational Status:[1][2][3]
Company has suspended making fresh
lending since 2000 and is in the process
of recovery of Non-Performing Assets from its borrowers and other loans which
are under litigation.
In view of accumulated financial loss, the compliances with the Capital Adequacy, Net Owned Funds, and other related requirements under The National Housing Bank Act, including Housing Finance Companies (NHB) Directions, could not be complied with. Company was given time till June 30, 2022, for attaining a minimum NOF of ~Rs.10 Crore and also for fulfilling Principal Business Criteria (PBC) for housing finance companies. Further, in July 2022, company sent a letter with a copy of the proposed revival plan to RBI and requested a personal hearing.
At present, company is making continuous
efforts to recover the non-performing
assets as was done in the previous financial years. In FY22, company recovered~Rs.3.25 lakhs from individual housing loans and ICD loan vs Rs. 6.00 lakhs in FY21