Indiabulls Housing Finance Ltd

Indiabulls Hous. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Indiabulls Housing Finance Ltd

₹ 172 0.27%
14 Jun - close price
indiabulls.com BSE: 535789 NSE: IBULHSGFIN
About

Indiabulls Housing Finance Ltd, incorporated in 2005, is registered with and regulated by National Housing Bank (NHB) and is engaged in the business of providing home loans and loan against property. It also provides corporate mortgage loan - lease rental discounting and residential construction finance. [1]

Key Points

Offerings
Home Loans: The Co focuses on middle-income-affordable housing loans with an average ticket size of Rs. 35 lakhs/25 lakhs for urban/semi-urban loans. [1]
LAP: The average ticket size under LAP is Rs. 73 lakhs with an average term of 7 years. [2]

Website BSE NSE
  • Market Cap ₹ 10,491 Cr.
  • Current Price ₹ 172
  • High / Low ₹ 209 / 99.9
  • Stock P/E 10.6
  • Book Value ₹ 244
  • Dividend Yield 0.73 %
  • ROCE 9.79 %
  • ROE 5.81 %
  • Face Value ₹ 2.00
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Pros

  • Stock is trading at 0.71 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -13.7% over past five years.
  • Company has a low return on equity of 5.17% over last 3 years.
  • Dividend payout has been low at 6.27% of profits over last 3 years
  • Working capital days have increased from 76.7 days to 114 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

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
2,090 2,040 1,914 2,030 1,781 1,745 1,797 1,985 1,900 1,766 1,867 1,767 1,979
126 346 284 256 -3 156 220 393 355 226 308 318 479
Operating Profit 1,965 1,694 1,630 1,775 1,784 1,589 1,577 1,592 1,545 1,541 1,560 1,449 1,500
OPM % 94% 83% 85% 87% 100% 91% 88% 80% 81% 87% 84% 82% 76%
51 3 3 3 4 5 4 3 4 18 18 71 52
Interest 1,462 1,437 1,467 1,494 1,467 1,375 1,266 1,261 1,230 1,237 1,223 1,194 1,179
Depreciation 22 18 18 20 19 17 22 22 21 18 21 22 20
Profit before tax 532 242 148 264 302 202 293 312 298 304 333 304 354
Tax % 24% 22% 27% 28% 31% 25% 24% 26% 28% 21% 26% 26% 22%
406 189 108 190 209 151 222 229 216 241 248 226 276
EPS in Rs 5.85 2.73 1.56 2.72 2.97 2.14 3.14 3.24 3.06 3.41 3.44 3.06 3.73
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
4,658 5,685 7,131 8,839 11,241 13,745 15,407 11,399 8,719 7,765 7,364 7,380
489 557 744 927 1,290 2,093 1,196 1,059 958 883 1,061 1,331
Operating Profit 4,169 5,127 6,387 7,912 9,951 11,653 14,211 10,340 7,760 6,883 6,303 6,049
OPM % 90% 90% 90% 90% 89% 85% 92% 91% 89% 89% 86% 82%
48 13 8 3 65 14 31 14 31 12 17 159
Interest 2,604 3,232 3,844 4,842 6,315 7,711 9,057 7,710 6,308 5,865 5,131 4,833
Depreciation 9 8 18 19 21 27 37 98 91 74 83 81
Profit before tax 1,604 1,901 2,533 3,053 3,681 3,928 5,148 2,547 1,392 956 1,106 1,294
Tax % 23% 21% 22% 25% 23% 19% 28% 15% 24% 27% 26% 24%
1,228 1,510 1,978 2,294 2,842 3,185 3,729 2,160 1,058 696 819 990
EPS in Rs 26.19 30.13 37.09 36.31 44.71 49.79 58.17 33.67 15.26 9.90 11.58 13.40
Dividend Payout % 51% 64% 49% 83% 40% 55% 46% 61% 39% 0% 7% 12%
Compounded Sales Growth
10 Years: 3%
5 Years: -14%
3 Years: -5%
TTM: 0%
Compounded Profit Growth
10 Years: -4%
5 Years: -23%
3 Years: -2%
TTM: 21%
Stock Price CAGR
10 Years: -6%
5 Years: -21%
3 Years: -12%
1 Year: 71%
Return on Equity
10 Years: 15%
5 Years: 7%
3 Years: 5%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 62 67 71 84 85 85 85 86 92 94 94 115
Reserves 4,764 5,400 6,421 10,420 11,785 15,470 17,173 14,844 15,430 15,559 15,935 17,941
31,086 34,490 45,556 59,963 82,512 104,217 96,205 73,041 63,072 56,897 47,473 43,565
2,636 3,121 3,094 3,918 5,909 7,127 6,639 4,682 4,878 3,529 4,639 4,176
Total Liabilities 38,548 43,078 55,143 74,385 100,290 126,899 120,103 92,653 83,472 76,079 68,141 65,797
45 46 52 65 84 97 141 376 229 263 365 284
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 2,494 3,491 6,731 11,248 14,165 17,927 25,926 16,167 10,018 10,223 9,913 9,681
36,010 39,541 48,360 63,072 86,041 108,875 94,036 76,110 73,226 65,593 57,863 55,831
Total Assets 38,548 43,078 55,143 74,385 100,290 126,899 120,103 92,653 83,472 76,079 68,141 65,797

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-2,978 -1,362 -8,459 -12,384 -16,307 -20,009 27,426 14,080 7,601 1,448 1,767 34
4,657 -671 -2,092 -4,968 -2,146 510 -7,446 9,726 2,581 1,284 2,583 2,549
4,887 1,964 10,210 16,080 21,030 18,467 -10,506 -25,672 -10,428 -6,371 -9,118 -2,860
Net Cash Flow 6,565 -69 -341 -1,272 2,577 -1,032 9,474 -1,865 -246 -3,640 -4,768 -278

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 0 0 0 0 0 0 0 0 0 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 0 0 0 0 0 0 0 0 0 0 0 0
Working Capital Days -349 -259 -158 -269 -284 -145 -70 -30 -76 71 45 114
ROCE % 20% 14% 14% 13% 12% 11% 12% 10% 9% 9% 9%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
21.69% 21.69% 9.72% 9.66% 9.59% 9.60% 9.60% 0.00% 0.00% 0.00% 0.00% 0.00%
33.65% 27.15% 29.07% 26.81% 25.06% 24.04% 21.73% 18.31% 18.53% 22.37% 23.41% 19.33%
12.88% 12.37% 14.21% 13.11% 9.81% 11.09% 13.10% 13.04% 16.12% 16.08% 8.53% 7.15%
28.10% 35.10% 43.35% 45.51% 50.66% 50.41% 50.70% 63.78% 60.47% 59.81% 66.34% 71.79%
3.68% 3.68% 3.66% 4.91% 4.88% 4.88% 4.88% 4.88% 4.88% 1.75% 1.71% 1.71%
No. of Shareholders 3,21,4874,16,6634,70,1045,45,7385,77,5315,51,6915,10,5215,22,0334,99,9574,54,3034,50,1414,93,288

* 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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