GIC Housing Finance Ltd

GIC Housing Finance Ltd

₹ 266 0.53%
16 Jul 11:47 a.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 1,430 Cr.
  • Current Price 266
  • High / Low 292 / 174
  • Stock P/E 9.79
  • Book Value 340
  • Dividend Yield 1.68 %
  • ROCE 8.54 %
  • ROE 8.31 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.78 times its book value

Cons

  • Company has low interest coverage ratio.

* 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

Consolidated Figures in Rs. Crores / View Standalone

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 272 298 292 288 274 279 281 281 268 268 261 260
Interest 184 179 172 166 170 176 178 178 183 179 176 172
88 61 20 48 53 30 16 28 42 47 41 10
Financing Profit 0 58 100 75 51 73 87 75 43 42 44 78
Financing Margin % 0% 19% 34% 26% 19% 26% 31% 27% 16% 16% 17% 30%
2 2 1 2 2 2 3 6 3 3 2 6
Depreciation 1 1 3 3 2 2 2 3 4 4 4 4
Profit before tax 1 58 98 73 51 73 88 78 42 41 42 79
Tax % -231% 22% 22% 33% 23% 23% 26% 33% 24% 26% 16% 32%
3 45 76 49 39 56 65 52 32 30 36 54
EPS in Rs 0.52 8.40 14.21 9.10 7.27 10.46 12.15 9.72 5.91 5.61 6.62 9.97
Gross NPA %
Net NPA %
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024
Revenue 1,152 1,123 1,060
Interest 702 703 711
216 126 140
Financing Profit 234 294 209
Financing Margin % 20% 26% 20%
5 6 10
Depreciation 9 10 15
Profit before tax 230 290 204
Tax % 25% 26% 26%
174 213 151
EPS in Rs 32.22 39.60 28.11
Dividend Payout % 14% 11% 16%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -6%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -30%
Stock Price CAGR
10 Years: 5%
5 Years: 1%
3 Years: 12%
1 Year: 37%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024
Equity Capital 54 54 54
Reserves 1,457 1,645 1,775
10,365 9,168 8,584
53 53 57
Total Liabilities 11,929 10,920 10,471
21 52 44
CWIP 29 9 10
Investments 14 229 168
11,865 10,630 10,248
Total Assets 11,929 10,920 10,471

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024
1,286 1,043 522
-3 -213 64
-892 -1,238 -619
Net Cash Flow 391 -408 -34

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024
ROE % 13% 8%

Shareholding Pattern

Numbers in percentages

4 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 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%
0.36% 1.35% 1.41% 1.78% 1.85% 2.33% 2.22% 2.04% 3.62% 3.28% 3.18% 2.64%
0.00% 6.34% 6.34% 6.33% 6.34% 6.34% 6.34% 6.34% 6.34% 5.89% 5.89% 5.89%
57.23% 49.90% 49.84% 49.48% 49.39% 48.92% 49.03% 49.21% 47.63% 48.40% 48.52% 49.04%
No. of Shareholders 68,81863,62462,45861,49260,63657,32059,76259,47857,44358,59962,41066,668

* 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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