Dewan Housing Finance Corporation Ltd

Dewan Housing Finance Corporation's main business is of providing loans to Retail customers for construction or purchase of residential property, loans against property,

Pros:
Company has reduced debt.
Stock is trading at 0.22 times its book value
Stock is providing a good dividend yield of 7.69%.
Market value of investments Rs.2970.34 Cr. is more than the Market Cap Rs.2242.77 Cr.
Company has been maintaining a healthy dividend payout of 17.02%
Cons:
Company has low interest coverage ratio.

Peer Comparison Sector: Finance // Industry: Finance - Housing

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019
Revenue 1,955 2,160 2,362 2,375 2,496 2,628 2,894 2,840 3,154 3,516 3,251 3,053
Interest 1,475 1,631 1,800 1,747 1,825 1,950 1,935 2,011 2,193 2,440 2,410 2,349
171 172 184 251 220 282 277 643 321 434 361 3,597
Financing Profit 308 358 377 377 451 396 682 186 640 641 480 -2,894
Financing Margin % 16% 17% 16% 16% 18% 15% 24% 7% 20% 18% 15% -95%
Other Income 1 1 1 1,972 1 4 3 6 6 4 5 4
Depreciation 6 7 7 3 6 6 7 8 9 12 13 18
Profit before tax 303 352 372 2,345 446 394 677 184 638 633 472 -2,908
Tax % 34% 34% 34% 5% 28% 27% 27% 27% 32% 31% 33% 24%
Net Profit 201 233 245 2,218 322 288 495 134 435 439 314 -2,223
Gross NPA % 0.93% 0.96% 0.95% 0.94% 0.97% 0.96% 0.96% 0.96% 0.93% 0.96% 0.00% 0.00%
Net NPA % 0.00% 0.00% 0.00% 0.58% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 TTM
Revenue 330 521 691 991 1,449 2,468 4,061 4,966 5,979 7,295 10,821 10,450 12,974
Interest 234 367 496 672 973 1,799 3,119 3,783 4,460 5,490 6,654 7,565 9,393
36 48 65 116 168 267 340 437 553 683 778 1,115 4,713
Financing Profit 60 106 130 204 308 402 601 746 967 1,123 3,390 1,771 -1,132
Financing Margin % 18% 20% 19% 21% 21% 16% 15% 15% 16% 15% 31% 17% -9%
Other Income 2 2 -4 2 37 1 18 0 2 4 5 14 19
Depreciation 2 2 2 3 4 5 8 11 26 24 23 28 51
Profit before tax 59 106 124 202 341 398 611 735 943 1,102 3,372 1,757 -1,165
Tax % 19% 22% 26% 25% 22% 23% 26% 28% 34% 34% 14% 33%
Net Profit 48 83 92 151 265 306 452 529 621 729 2,896 1,172 -1,036
EPS in Rs 4.40 6.54 7.37 8.88 12.34 12.83 17.23 19.92 20.77 23.36 92.29 36.15
Dividend Payout % 26% 18% 16% 16% 14% 13% 14% 19% 14% 32% 4% 15%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:34.95%
5 Years:20.81%
3 Years:20.46%
TTM:19.49%
Compounded Profit Growth
10 Years:30.37%
5 Years:21.45%
3 Years:23.54%
TTM:-183.55%
Return on Equity
10 Years:17.02%
5 Years:16.70%
3 Years:17.22%
Last Year:13.97%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Sep 2018
74 68 64 85 104 117 128 128 146 292 313 314 314
Reserves 288 378 394 788 1,444 1,916 3,109 3,447 4,490 4,600 7,683 8,482 10,087
Borrowings 3,215 3,969 5,876 8,927 14,848 19,148 32,040 39,457 48,881 61,050 81,264 92,612 45,458
86 82 185 154 296 375 573 898 1,121 2,115 3,282 6,504 67,016
Total Liabilities 3,639 4,489 6,516 9,951 16,692 21,556 35,850 43,930 54,638 68,057 92,542 107,912 122,875
40 41 45 49 56 64 179 192 188 202 209 850 997
CWIP 4 4 4 167 166 182 259 796 796 579 634 129 0
Investments 96 103 109 131 871 463 275 721 1,006 893 13,535 8,077 3,618
3,498 4,341 6,358 9,603 15,599 20,847 35,137 42,221 52,647 66,383 78,165 98,856 118,259
Total Assets 3,639 4,489 6,516 9,951 16,692 21,556 35,850 43,930 54,638 68,057 92,542 107,912 122,875

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
43 52 86 114 114 230 566 -8,879 -12,457 -13,139 -15,746 -29,156
7 41 1 -166 -676 466 -60 -715 -506 505 -10,442 5,068
-22 -115 259 317 994 -874 -695 10,065 12,468 15,416 26,042 22,645
Net Cash Flow 28 -23 346 265 431 -178 -189 471 -495 2,781 -146 -1,443

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
ROE % 15% 20% 21% 23% 20% 17% 17% 16% 15% 15% 23% 14%

Credit Ratings