India Home Loans Ltd

India Home Loans Ltd

₹ 36.9 -2.97%
21 Feb 4:01 p.m.
About

Incorporated in 1990, India Home Loan Ltd, is a Non-deposit accepting Housing Finance Company registered with the National Housing Bank for carrying out the business of housing finance. The Co offers retail home loan products for the affordable housing segment. [1][2]

Key Points

Target Market
The Co. offers loan products for purchase, construction, extension and improvement of houses. It caters to individuals and families belonging to the Economically Weaker Section, Low Income Group and Middle Income Group residing in the periphery of semi-urban and urban India. [1]

  • Market Cap 52.7 Cr.
  • Current Price 36.9
  • High / Low 47.5 / 23.0
  • Stock P/E
  • Book Value 31.1
  • Dividend Yield 0.00 %
  • ROCE 9.09 %
  • ROE 1.38 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 1.18 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 6.02% over past five years.
  • Promoter holding is low: 36.6%
  • Company has a low return on equity of 2.97% over last 3 years.
  • Company's cost of borrowing seems high
  • Working capital days have increased from 230 days to 558 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

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Revenue 7.49 7.32 7.30 7.22 8.48 6.66 5.64 5.38 5.71 5.61 3.74 3.00 2.95
Interest 5.01 4.59 4.39 4.28 4.16 3.70 3.39 3.69 3.13 2.70 2.68 2.50 2.16
2.17 1.76 2.83 1.68 3.55 1.40 1.70 1.49 3.16 2.61 1.36 0.31 1.95
Financing Profit 0.31 0.97 0.08 1.26 0.77 1.56 0.55 0.20 -0.58 0.30 -0.30 0.19 -1.16
Financing Margin % 4.14% 13.25% 1.10% 17.45% 9.08% 23.42% 9.75% 3.72% -10.16% 5.35% -8.02% 6.33% -39.32%
-0.00 -0.00 0.17 0.21 0.25 0.19 0.01 0.01 0.78 0.06 0.06 0.02 0.01
Depreciation 0.06 0.06 0.05 0.05 0.05 0.37 0.09 0.08 0.08 0.08 0.07 0.05 0.03
Profit before tax 0.25 0.91 0.20 1.42 0.97 1.38 0.47 0.13 0.12 0.28 -0.31 0.16 -1.18
Tax % 24.00% 19.78% 5.00% 27.46% 92.78% 54.35% 68.09% -115.38% -58.33% 96.43% 9.68% 37.50% 2.54%
0.19 0.73 0.18 1.03 0.07 0.64 0.15 0.27 0.19 -0.00 -0.27 0.09 -1.15
EPS in Rs 0.13 0.51 0.13 0.72 0.05 0.45 0.11 0.19 0.13 -0.00 -0.19 0.06 -0.81
Gross NPA % 4.08% 4.37% 4.31% 4.68% 4.23% 4.29% 4.68% 3.69% 3.40% 4.60% 4.78% 2.81%
Net NPA % 2.09% 2.31% 2.21% 2.45% 3.16% 3.09% 3.36% 2.60% 2.43% 4.22% 3.45% 2.01%
Raw PDF

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
Revenue 1.26 1.66 2.09 2.51 4.28 5.86 16.69 31.84 32.57 31.13 30.06 22.36 15.30
Interest 0.05 0.01 0.02 0.08 1.13 1.74 6.92 21.75 21.57 20.25 16.53 12.89 10.04
0.78 1.09 1.22 1.47 1.80 2.65 5.41 6.82 7.30 9.16 9.45 8.74 6.23
Financing Profit 0.43 0.56 0.85 0.96 1.35 1.47 4.36 3.27 3.70 1.72 4.08 0.73 -0.97
Financing Margin % 34.13% 33.73% 40.67% 38.25% 31.54% 25.09% 26.12% 10.27% 11.36% 5.53% 13.57% 3.26% -6.34%
-0.03 -0.00 -0.00 -0.00 0.01 -0.00 -0.00 -0.00 0.37 -0.00 0.42 0.82 0.15
Depreciation 0.02 0.03 0.03 0.15 0.07 0.07 0.29 0.44 0.33 0.23 0.53 0.56 0.23
Profit before tax 0.38 0.53 0.82 0.81 1.29 1.40 4.07 2.83 3.74 1.49 3.97 0.99 -1.05
Tax % 92.11% 22.64% 25.61% 29.63% 33.33% 29.29% 27.03% 35.69% 25.40% 24.16% 51.64% 38.38%
0.03 0.41 0.60 0.58 0.86 0.99 2.96 1.82 2.80 1.12 1.92 0.61 -1.33
EPS in Rs 0.03 0.37 0.55 0.51 0.76 0.69 2.07 1.27 1.96 0.78 1.34 0.43 -0.94
Dividend Payout % -0.00% -0.00% -0.00% -0.00% -0.00% 14.42% 9.65% 15.69% 7.65% 12.75% -0.00% -0.00%
Compounded Sales Growth
10 Years: 30%
5 Years: 6%
3 Years: -12%
TTM: -35%
Compounded Profit Growth
10 Years: 4%
5 Years: -27%
3 Years: -40%
TTM: -206%
Stock Price CAGR
10 Years: -4%
5 Years: -12%
3 Years: -5%
1 Year: -5%
Return on Equity
10 Years: 5%
5 Years: 4%
3 Years: 3%
Last Year: 1%

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 10.94 10.94 10.94 11.37 11.37 14.28 14.28 14.28 14.28 14.28 14.28 14.28 14.28
Reserves -0.68 -0.26 0.33 6.28 7.14 16.99 19.61 18.33 20.80 24.83 29.64 30.33 30.17
0.84 0.08 -0.00 5.00 13.21 14.13 155.75 191.67 170.06 170.62 125.77 91.00 65.65
0.09 4.61 4.61 0.22 0.81 1.22 3.08 12.44 17.37 1.47 3.54 3.56 4.75
Total Liabilities 11.19 15.37 15.88 22.87 32.53 46.62 192.72 236.72 222.51 211.20 173.23 139.17 114.85
0.06 0.07 0.29 0.15 0.09 0.17 1.05 0.90 0.69 0.54 0.67 0.44 0.36
CWIP -0.00 -0.00 0.05 0.05 0.05 0.13 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00
Investments 0.58 0.91 0.80 2.28 -0.00 2.49 4.00 9.01 -0.00 -0.00 -0.00 -0.00 -0.00
10.55 14.39 14.74 20.39 32.39 43.83 187.67 226.81 221.82 210.66 172.56 138.73 114.49
Total Assets 11.19 15.37 15.88 22.87 32.53 46.62 192.72 236.72 222.51 211.20 173.23 139.17 114.85

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
-1.98 -3.45 0.40 -3.64 -9.10 -9.42 -133.01 -55.43 10.69 7.67 40.53 34.82
0.98 -0.36 -0.13 -1.44 2.40 -2.41 -2.25 -6.36 9.18 -1.57 1.54 -0.32
0.84 3.79 -0.08 5.20 6.45 12.61 141.45 59.37 -21.95 -5.12 -44.85 -34.65
Net Cash Flow -0.16 -0.02 0.19 0.12 -0.24 0.79 6.19 -2.42 -2.08 0.98 -2.78 -0.15

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
ROE % 0.20% 3.92% 5.47% 4.01% 4.76% 3.98% 9.09% 5.47% 8.24% 3.02% 4.62% 1.38%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
38.58% 35.54% 35.71% 35.71% 35.92% 36.21% 36.21% 36.29% 36.38% 36.38% 36.55% 36.55%
24.57% 24.57% 24.57% 24.57% 24.57% 24.57% 24.57% 24.57% 24.57% 24.57% 24.57% 24.57%
36.84% 39.89% 39.72% 39.72% 39.51% 39.22% 39.22% 39.14% 39.05% 39.04% 38.87% 38.88%
No. of Shareholders 2,0222,0522,2542,4422,7432,6942,6412,8352,7192,7352,9603,236

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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