Indiabulls Housing Finance Ltd

Indiabulls Housing Finance is engaged in business of a Housing Finance Institution without accepting public deposits and its regulated by National Housing Bank.(Source : 201903 Annual Report Page No: 65)

Pros:
Stock is trading at 0.60 times its book value
Stock is providing a good dividend yield of 17.29%.
Company has good consistent profit growth of 21.19% over 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 27.19%
Company has been maintaining a healthy dividend payout of 42.02%
Cons:
Company has low interest coverage ratio.
Promoter's stake has decreased
Promoter holding is low: 21.52%

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

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
Revenue 2,510 2,586 2,931 3,016 3,156 3,420 4,001 4,070 3,980 4,483 4,210 3,885
Interest 1,628 1,633 1,739 1,841 1,911 2,074 2,145 2,335 2,556 2,457 2,374 2,363
321 360 509 378 425 608 623 325 301 632 396 388
Financing Profit 561 593 683 798 819 738 1,233 1,410 1,123 1,394 1,439 1,134
Financing Margin % 22% 23% 23% 26% 26% 22% 31% 35% 28% 31% 34% 29%
Other Income 365 419 293 272 297 759 -0 1 275 5 0 1
Depreciation 5 6 7 7 8 8 14 8 11 11 12 29
Profit before tax 921 1,006 970 1,062 1,108 1,489 1,219 1,402 1,387 1,388 1,427 1,106
Tax % 26% 25% 14% 24% 23% 23% 12% 25% 25% 30% 30% 29%
Net Profit 684 751 841 809 861 1,142 1,082 1,055 1,044 986 1,006 802
EPS in Rs 16.23 17.77 19.83 19.08 20.30 26.85 25.38 24.73 24.48 23.09 23.54 18.75
Gross NPA % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net NPA % 0.00% 0.00% 0.00% 0.00% 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 Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
Revenue 4,730 5,890 7,243 9,221 11,628 14,952 17,020 16,558
Interest 2,599 3,282 3,944 4,971 6,411 8,010 9,726 9,751
514 632 816 1,105 1,485 2,033 1,654 1,718
Financing Profit 1,616 1,976 2,482 3,145 3,733 4,909 5,641 5,089
Financing Margin % 34% 34% 34% 34% 32% 33% 33% 31%
Other Income 48 14 9 4 62 6 6 282
Depreciation 9 8 19 20 23 37 43 63
Profit before tax 1,655 1,982 2,473 3,129 3,772 4,878 5,604 5,308
Tax % 24% 21% 23% 25% 23% 21% 28%
Net Profit 1,258 1,564 1,901 2,345 2,906 3,895 4,091 3,837
EPS in Rs 41.91 48.85 47.04 63.08 91.32 95.71 89.86
Dividend Payout % 50% 62% 50% 81% 39% 45% 42%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:23.64%
3 Years:22.67%
TTM:13.05%
Compounded Profit Growth
10 Years:%
5 Years:21.19%
3 Years:20.39%
TTM:-7.32%
Stock Price CAGR
10 Years:%
5 Years:-10.21%
3 Years:-35.97%
1 Year:-64.64%
Return on Equity
10 Years:%
5 Years:27.58%
3 Years:27.19%
Last Year:26.53%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
62 67 71 84 85 85 85
Reserves 5,006 5,639 6,561 10,610 12,037 14,273 16,397
Borrowings 31,286 35,540 47,487 61,085 85,301 111,056 105,756
2,788 3,242 3,346 4,260 6,722 7,188 7,866
Total Liabilities 39,141 44,487 57,465 76,039 104,145 132,603 130,104
58 115 123 136 169 169 214
CWIP 0 0 0 0 0 0 0
Investments 2,308 2,947 6,164 10,693 13,617 14,792 19,717
36,776 41,424 51,179 65,211 90,360 117,642 110,173
Total Assets 39,141 44,487 57,465 76,039 104,145 132,603 130,104

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
-3,609 -2,452 -8,892 -11,643 -17,845 -25,024 21,206
5,052 -635 -2,093 -4,997 -2,107 368 -4,220
5,227 3,090 10,699 15,330 22,591 23,775 -7,335
Net Cash Flow 6,671 3 -286 -1,310 2,638 -881 9,650

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROE % 29% 31% 27% 25% 29% 27%

Credit Ratings