LIC Housing Finance Ltd

₹ 456 -0.25%

21 Sep - close price

lichousing.com BSE: 500253 NSE : LICHSGFIN

About

LIC Housing Finance Limited is a housing finance company registered with National Housing Bank (NHB) and is mainly engaged in financing purchase / construction of residential
flats / houses to individuals and
project finance to developers, Loan against Property (LAP), Lease Rental Discounting (LRD)for commercial properties as well as purchase of commercial shops/showrooms.
etc.(Source : 201903 Annual Report Page No: 36 and 50)

Key Points

25 Lakhs
Families served and more

Website BSE NSE

Market Cap ₹ 25,061 Cr.
Current Price ₹ 456
High / Low ₹ 471 / 315
Stock P/E 7.62
Book Value ₹ 493
Dividend Yield 1.87 %
ROCE 7.59 %
ROE 11.2 %
Face Value ₹ 2.00

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Pros

Stock is trading at 0.92 times its book value
Company has been maintaining a healthy dividend payout of 17.4%

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of 8.84% over past five years.
Company has a low return on equity of 11.7% over last 3 years.
Company might be capitalizing the interest cost

* 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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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023
Revenue	5,004	4,969	4,907	4,968	4,857	4,708	5,054	5,300	5,285	5,086	5,871	6,415	6,747
Interest	3,764	3,700	3,595	3,393	3,550	3,506	3,546	3,559	3,658	3,886	4,241	4,388	4,494
	183	260	347	1,207	1,104	887	549	421	478	811	1,026	564	585
Financing Profit	1,056	1,009	965	368	203	315	959	1,320	1,150	388	604	1,463	1,667
Financing Margin %	21%	20%	20%	7%	4%	7%	19%	25%	22%	8%	10%	23%	25%
	-26	13	17	-3	2	7	16	9	6	6	5	0	0
Depreciation	12	12	13	12	12	13	13	14	15	16	16	19	18
Profit before tax	1,018	1,009	970	352	193	309	962	1,314	1,140	379	593	1,445	1,649
Tax %	20%	22%	25%	-13%	20%	20%	20%	15%	19%	20%	19%	18%	20%
	817	791	727	399	153	248	767	1,119	925	305	480	1,180	1,324
EPS in Rs	16.20	15.67	14.41	7.90	3.04	4.51	13.95	20.34	16.82	5.54	8.73	21.46	24.06
Gross NPA %				4.01%		5.14%	5.14%	5.35%	4.96%	4.91%		4.49%	4.98%
Net NPA %				2.70%		2.98%	3.20%	3.72%	3.01%	2.83%		2.70%	2.99%
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Revenue	6,203	7,647	9,301	10,782	12,474	14,072	14,841	17,364	19,703	19,853	19,926	22,663	24,118
Interest	4,591	5,925	7,174	8,310	9,307	10,231	11,144	12,892	14,784	14,453	14,177	16,186	17,009
	386	353	327	377	605	884	921	1,082	1,569	1,997	2,945	2,866	2,986
Financing Profit	1,226	1,370	1,800	2,095	2,561	2,957	2,775	3,391	3,350	3,403	2,803	3,611	4,123
Financing Margin %	20%	18%	19%	19%	21%	21%	19%	20%	17%	17%	14%	16%	17%
	12	11	34	16	12	8	0	0	-33	-5	28	12	12
Depreciation	7	8	8	9	10	9	10	12	48	49	52	66	69
Profit before tax	1,231	1,374	1,826	2,102	2,564	2,956	2,766	3,380	3,269	3,349	2,778	3,557	4,066
Tax %	26%	26%	28%	34%	35%	35%	28%	28%	27%	18%	18%	19%
	914	1,023	1,317	1,386	1,661	1,931	2,002	2,431	2,402	2,734	2,287	2,891	3,289
EPS in Rs	18.12	20.28	26.10	27.47	32.91	38.26	39.68	48.17	47.59	54.18	41.58	52.56	59.79
Dividend Payout %	20%	19%	17%	18%	17%	16%	17%	16%	17%	16%	20%	16%

Compounded Sales Growth
10 Years:	11%
5 Years:	9%
3 Years:	5%
TTM:	19%

Compounded Profit Growth
10 Years:	11%
5 Years:	8%
3 Years:	6%
TTM:	8%

Stock Price CAGR
10 Years:	9%
5 Years:	1%
3 Years:	17%
1 Year:	8%

Return on Equity
10 Years:	14%
5 Years:	13%
3 Years:	12%
Last Year:	11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	101	101	101	101	101	101	101	101	101	101	110	110
Reserves	5,581	6,380	7,432	7,717	9,045	10,976	14,140	16,158	18,092	20,420	24,562	26,990
	56,087	68,764	82,036	96,532	110,931	126,337	150,914	170,667	191,458	207,983	223,801	244,950
	3,997	5,315	6,208	8,195	10,421	13,486	5,934	13,657	7,155	7,129	6,094	6,362
Total Liabilities	65,767	80,560	95,777	112,545	130,498	150,900	171,090	200,583	216,806	235,633	254,567	278,412
	62	62	76	80	92	97	97	136	254	243	286	356
CWIP	0	0	0	0	0	0	0	0	0	4	1	1
Investments	164	185	199	237	277	527	1,972	3,595	5,496	4,636	6,199	6,976
	65,541	80,313	95,502	112,228	130,129	150,277	169,021	196,853	211,055	230,751	248,081	271,079
Total Assets	65,767	80,560	95,777	112,545	130,498	150,900	171,090	200,583	216,806	235,633	254,567	278,412

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	-11,608	-12,586	-11,503	-14,354	-13,036	-14,279	-19,005	-21,529	-14,715	-17,195	-16,740	-19,621
	-35	-27	-21	-51	-61	-283	1,380	-1,656	-1,879	884	-1,601	-821
	11,542	12,466	13,048	14,231	14,098	15,073	18,085	24,078	15,158	16,274	17,835	20,239
Net Cash Flow	-101	-146	1,525	-174	1,001	511	460	893	-1,436	-37	-507	-203

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
ROE %	19%	17%	19%	18%	20%	19%	16%	16%	14%	14%	10%	11%

Shareholding Pattern

Numbers in percentages

	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023
	40.31%	40.31%	40.31%	40.31%	45.24%	45.24%	45.24%	45.24%	45.24%	45.24%	45.24%	45.24%
	34.44%	29.26%	28.20%	28.80%	24.07%	23.46%	23.03%	20.67%	20.97%	19.32%	17.66%	17.15%
	10.41%	15.39%	16.82%	15.57%	14.96%	14.92%	16.23%	19.22%	20.68%	22.74%	24.18%	25.03%
	14.83%	15.04%	14.67%	15.32%	15.73%	16.38%	15.50%	14.88%	13.10%	12.70%	12.92%	12.56%
No. of Shareholders	2,96,740	2,83,671	2,96,570	3,24,138	3,84,414	4,16,146	4,52,133	4,42,359	3,77,701	3,64,785	3,62,974	3,49,173

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Jun 2023
	40.31%	40.31%	40.31%	40.31%	40.31%	45.24%	45.24%	45.24%
	32.90%	32.93%	31.42%	32.32%	28.20%	23.03%	17.66%	17.15%
	13.00%	8.26%	9.00%	14.00%	16.82%	16.23%	24.18%	25.03%
	13.79%	18.50%	19.27%	13.37%	14.67%	15.50%	12.92%	12.56%
No. of Shareholders	1,83,621	2,14,163	2,07,929	2,38,139	2,96,570	4,52,133	3,62,974	3,49,173

* 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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