GIC Housing Finance Ltd

GIC Housing Finance Ltd

₹ 251 4.49%
18 Jun 4:01 p.m.
About

GIC Housing Finance Limited, incorporated in 1989, grants housing loans to individuals and to persons/entities engaged in construction of houses/flats for residential purposes. [1]

Key Points

Products & Services
The co’s product portfolio includes:
Home loans- Individual Housing Loans, Composite Loans, balance transfers, Repair and Renovation Loans, Home extension loans, and affordable home loans.
Non-Housing Loans- Loans against property, Commercial Loans. [1]

  • Market Cap 1,352 Cr.
  • Current Price 251
  • High / Low 292 / 174
  • Stock P/E 8.94
  • Book Value 340
  • Dividend Yield 1.80 %
  • ROCE 8.59 %
  • ROE 8.57 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.74 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -2.95% over past five years.
  • Company has a low return on equity of 11.1% over last 3 years.
  • Dividend payout has been low at 13.8% of profits over last 3 years

* 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
Revenue 299 272 298 292 288 274 279 281 281 268 268 261 260
Interest 189 184 179 172 166 170 176 178 178 183 179 176 172
2 88 61 20 48 53 30 16 28 42 47 41 10
Financing Profit 107 0 58 100 75 51 73 87 75 43 42 44 77
Financing Margin % 36% 0% 19% 34% 26% 19% 26% 31% 27% 16% 16% 17% 30%
8 2 2 1 2 2 2 3 6 3 3 2 6
Depreciation 1 1 1 3 3 2 2 2 3 4 4 4 4
Profit before tax 114 1 58 98 73 51 73 88 78 42 41 42 79
Tax % 30% -226% 22% 22% 33% 23% 23% 26% 33% 24% 26% 16% 32%
80 3 45 77 49 39 56 65 52 32 30 36 54
EPS in Rs 14.80 0.52 8.40 14.21 9.10 7.28 10.46 12.15 9.71 5.91 5.60 6.61 9.95
Gross NPA % 7.68% 11.16% 9.86% 9.97% 8.60% 8.27% 7.52% 6.89% 4.68% 4.69% 4.59% 4.59% 3.88%
Net NPA % 4.73% 7.82% 6.07% 6.53% 5.59% 5.11% 4.45% 3.94% 3.29% 3.25% 3.08% 3.01% 2.69%
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
Revenue 554 625 733 876 1,002 1,112 1,228 1,252 1,232 1,152 1,123 1,057
Interest 373 419 509 601 668 713 866 946 823 702 703 710
66 70 67 84 106 124 114 191 277 216 126 140
Financing Profit 115 135 157 192 228 275 248 116 131 234 294 206
Financing Margin % 21% 22% 21% 22% 23% 25% 20% 9% 11% 20% 26% 20%
0 0 0 0 0 0 0 3 8 5 6 12
Depreciation 2 2 4 1 1 1 1 6 4 9 10 15
Profit before tax 113 133 154 191 227 274 247 112 135 230 290 204
Tax % 25% 27% 33% 35% 35% 25% 30% 59% 22% 25% 26% 26%
85 98 103 124 148 206 172 46 106 174 213 151
EPS in Rs 15.79 18.11 19.12 23.12 27.43 38.19 31.90 8.47 19.60 32.23 39.59 28.07
Dividend Payout % 32% 33% 26% 22% 18% 14% 17% 24% 20% 14% 11% 16%
Compounded Sales Growth
10 Years: 5%
5 Years: -3%
3 Years: -5%
TTM: -6%
Compounded Profit Growth
10 Years: 4%
5 Years: -3%
3 Years: 13%
TTM: -28%
Stock Price CAGR
10 Years: 5%
5 Years: 0%
3 Years: 22%
1 Year: 42%
Return on Equity
10 Years: 12%
5 Years: 9%
3 Years: 11%
Last Year: 9%

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 54 54 54 54 54 54 54 54 54 54 54 54
Reserves 497 557 606 678 784 1,064 1,200 1,209 1,304 1,457 1,645 1,775
3,973 4,652 5,794 7,001 8,237 9,984 11,659 11,768 11,226 10,365 9,168 8,584
228 256 266 289 329 44 57 68 57 53 53 57
Total Liabilities 4,751 5,518 6,721 8,021 9,404 11,147 12,969 13,099 12,641 11,929 10,920 10,470
6 5 3 2 2 2 3 19 16 21 52 54
CWIP 0 0 0 0 0 0 0 13 29 29 9 0
Investments 10 10 10 10 26 13 14 14 14 15 230 169
4,735 5,503 6,708 8,009 9,376 11,132 12,953 13,053 12,581 11,864 10,629 10,248
Total Assets 4,751 5,518 6,721 8,021 9,404 11,147 12,969 13,099 12,641 11,929 10,920 10,470

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
-262 -662 -1,103 -1,167 -1,178 -1,721 -1,645 22 548 1,286 1,044 522
0 0 1 2 -16 2 1 -11 -14 -4 -213 64
205 647 1,105 1,174 1,203 1,715 1,639 51 -558 -892 -1,238 -619
Net Cash Flow -57 -14 3 9 10 -5 -5 62 -24 390 -407 -34

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
ROE % 16% 17% 16% 18% 19% 21% 14% 4% 8% 12% 13% 9%

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
42.41% 42.41% 42.41% 42.41% 42.41% 42.41% 42.41% 42.41% 42.41% 42.41% 42.41% 42.41%
0.15% 0.36% 1.35% 1.41% 1.78% 1.85% 2.33% 2.22% 2.04% 3.62% 3.28% 3.18%
6.90% 0.00% 6.34% 6.34% 6.33% 6.34% 6.34% 6.34% 6.34% 6.34% 5.89% 5.89%
50.54% 57.23% 49.90% 49.84% 49.48% 49.39% 48.92% 49.03% 49.21% 47.63% 48.40% 48.52%
No. of Shareholders 62,98968,81863,62462,45861,49260,63657,32059,76259,47857,44358,59962,410

* 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.

Click on the line-items to see the names of individual entities.

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