LIC Housing Finance Ltd

LIC Housing Finance is one of the largest Housing Finance companies in India, with the key objective of providing longterm finance to individuals for the purchase or construction of a house or a flat for residential purposes. The Company also provides finance on an existing property for business or personal needs, and also gives loans to professionals for buying their office space and equipment. The Company also provides finance to persons engaged in the business of construction and the sale of residential properties.

Pros:
Company has reduced debt.
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 3,360 3,456 3,528 3,643 3,627 3,751 3,626 3,888 4,047 4,202 4,439 4,655
Interest 2,502 2,563 2,597 2,570 2,698 2,780 2,823 2,849 3,025 3,138 3,330 3,398
252 164 184 283 293 337 82 222 241 322 247 268
Financing Profit 605 729 747 790 636 634 720 816 782 742 862 989
Financing Margin % 18% 21% 21% 22% 18% 17% 20% 21% 19% 18% 19% 21%
Other Income 20 33 21 19 21 8 0 0 9 6 0 0
Depreciation 2 2 2 2 2 2 2 3 3 3 3 3
Profit before tax 623 761 766 806 655 640 718 814 788 745 860 986
Tax % 35% 35% 35% 34% 27% 20% 34% 27% 28% 23% 31% 30%
Net Profit 408 495 499 529 480 514 475 594 568 573 596 694
Gross NPA % 0.59% 0.57% 0.56% 0.43% 0.00% 0.80% 0.87% 0.78% 1.21% 1.20% 1.26% 1.53%
Net NPA % 0.28% 0.28% 0.27% 0.14% 0.00% 0.43% 0.49% 0.43% 0.00% 0.81% 0.85% 1.07%
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 1,588 2,169 2,883 3,467 4,857 6,203 7,647 9,301 10,782 12,474 14,072 15,051 17,343
Interest 1,108 1,494 2,017 2,396 3,098 4,591 5,925 7,174 8,310 9,307 10,231 11,125 12,891
132 170 164 157 471 386 353 327 377 605 884 876 1,077
Financing Profit 348 505 702 915 1,289 1,226 1,370 1,800 2,095 2,561 2,957 3,050 3,375
Financing Margin % 22% 23% 24% 26% 27% 20% 18% 19% 19% 21% 21% 20% 19%
Other Income 9 31 30 3 12 12 11 34 16 12 8 22 16
Depreciation 4 4 5 6 6 7 8 8 9 10 9 10 12
Profit before tax 354 532 726 911 1,294 1,231 1,374 1,826 2,102 2,564 2,956 3,062 3,380
Tax % 21% 27% 27% 27% 25% 26% 26% 28% 34% 35% 35% 35%
Net Profit 279 387 532 662 974 914 1,023 1,317 1,386 1,661 1,931 1,990 2,431
EPS in Rs 6.33 8.77 12.07 13.43 19.95 17.52 19.62 25.32 26.46 31.79 38.24 38.15
Dividend Payout % 24% 22% 21% 22% 17% 20% 19% 17% 18% 17% 16% 17%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:21.38%
5 Years:14.50%
3 Years:11.76%
TTM:16.46%
Compounded Profit Growth
10 Years:17.78%
5 Years:14.22%
3 Years:12.80%
TTM:17.84%
Return on Equity
10 Years:19.12%
5 Years:18.35%
3 Years:18.31%
Last Year:16.74%

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 Mar 2019
85 85 85 95 95 101 101 101 101 101 101 101 101
Reserves 1,459 1,747 2,149 3,293 4,074 5,581 6,380 7,432 7,717 9,045 10,976 12,590 16,158
Borrowings 16,333 20,344 25,422 34,758 45,163 56,087 68,764 82,036 96,532 110,931 126,337 145,328 26,384
910 1,183 1,730 2,099 3,208 4,000 5,318 6,211 8,453 10,726 13,874 14,303 157,940
Total Liabilities 18,786 23,359 29,385 40,245 52,540 65,770 80,563 95,780 112,804 130,803 151,288 172,322 200,583
23 23 32 34 34 62 62 76 80 92 97 97 136
CWIP 0 7 2 2 0 0 0 0 0 0 0 0 0
Investments 206 775 1,129 1,389 165 164 185 199 237 277 527 987 3,595
18,556 22,555 28,221 38,821 52,341 65,543 80,316 95,505 112,487 130,434 150,665 171,238 196,853
Total Assets 18,786 23,359 29,385 40,245 52,540 65,770 80,563 95,780 112,804 130,803 151,288 172,322 200,583

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
-2,273 -3,877 -4,909 -9,502 -10,454 -11,608 -12,586 -11,503 -14,354 -13,036 -14,279 -19,544
127 -521 -298 -222 103 -35 -27 -21 -51 -61 -283 -468
2,446 3,982 4,978 9,856 10,238 11,542 12,466 13,048 14,231 14,098 15,073 18,616
Net Cash Flow 299 -416 -229 132 -113 -101 -146 1,525 -174 1,001 511 -1,396

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 % 19% 23% 26% 24% 26% 19% 17% 19% 18% 20% 19% 17%