LIC Housing Finance Ltd
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)
- Market Cap ₹ 27,313 Cr.
- Current Price ₹ 497
- High / Low ₹ 503 / 315
- Stock P/E 6.57
- Book Value ₹ 531
- Dividend Yield 1.69 %
- ROCE 7.57 %
- ROE 11.1 %
- Face Value ₹ 2.00
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 8.83% over past five years.
- Company has a low return on equity of 11.6% 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | 6,232 | 7,735 | 9,339 | 10,812 | 12,491 | 14,092 | 14,876 | 17,398 | 19,740 | 19,886 | 19,978 | 22,714 | 25,846 |
Interest | 4,591 | 5,925 | 7,174 | 8,310 | 9,307 | 10,231 | 11,144 | 12,891 | 14,781 | 14,450 | 14,151 | 16,135 | 17,703 |
411 | 396 | 357 | 390 | 611 | 887 | 940 | 1,104 | 1,592 | 2,012 | 3,012 | 2,964 | 2,922 | |
Financing Profit | 1,230 | 1,414 | 1,808 | 2,112 | 2,573 | 2,974 | 2,792 | 3,404 | 3,367 | 3,423 | 2,815 | 3,615 | 5,221 |
Financing Margin % | 20% | 18% | 19% | 20% | 21% | 21% | 19% | 20% | 17% | 17% | 14% | 16% | 20% |
12 | 11 | 34 | 17 | 12 | 9 | 0 | 0 | -33 | -5 | 27 | 14 | 6 | |
Depreciation | 8 | 8 | 8 | 10 | 10 | 10 | 10 | 12 | 51 | 52 | 55 | 69 | 69 |
Profit before tax | 1,235 | 1,418 | 1,834 | 2,119 | 2,575 | 2,973 | 2,782 | 3,392 | 3,282 | 3,365 | 2,787 | 3,561 | 5,158 |
Tax % | 26% | 26% | 28% | 34% | 35% | 35% | 28% | 28% | 27% | 19% | 18% | 19% | |
920 | 1,048 | 1,319 | 1,396 | 1,668 | 1,942 | 2,008 | 2,434 | 2,404 | 2,741 | 2,286 | 2,891 | 4,166 | |
EPS in Rs | 18.23 | 20.76 | 26.12 | 27.65 | 33.05 | 38.49 | 39.79 | 48.23 | 47.62 | 54.31 | 41.55 | 52.56 | 75.73 |
Dividend Payout % | 20% | 18% | 17% | 18% | 17% | 16% | 17% | 16% | 17% | 16% | 20% | 16% |
Compounded Sales Growth | |
---|---|
10 Years: | 11% |
5 Years: | 9% |
3 Years: | 5% |
TTM: | 24% |
Compounded Profit Growth | |
---|---|
10 Years: | 11% |
5 Years: | 8% |
3 Years: | 6% |
TTM: | 33% |
Stock Price CAGR | |
---|---|
10 Years: | 9% |
5 Years: | 1% |
3 Years: | 13% |
1 Year: | 25% |
Return on Equity | |
---|---|
10 Years: | 14% |
5 Years: | 13% |
3 Years: | 12% |
Last Year: | 11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 101 | 101 | 101 | 101 | 101 | 101 | 101 | 101 | 101 | 101 | 110 | 110 | 110 |
Reserves | 5,609 | 6,432 | 7,485 | 7,779 | 9,114 | 11,055 | 14,210 | 16,230 | 18,164 | 20,500 | 24,641 | 27,075 | 29,115 |
56,087 | 68,764 | 82,036 | 96,532 | 110,931 | 126,337 | 150,913 | 170,657 | 191,428 | 207,925 | 223,757 | 244,913 | 243,459 | |
4,047 | 5,350 | 6,240 | 8,218 | 10,441 | 13,504 | 6,004 | 13,719 | 7,227 | 7,195 | 6,179 | 6,461 | 9,253 | |
Total Liabilities | 65,844 | 80,647 | 95,862 | 112,630 | 130,587 | 150,997 | 171,228 | 200,707 | 216,920 | 235,721 | 254,687 | 278,559 | 281,937 |
74 | 73 | 86 | 90 | 102 | 102 | 129 | 168 | 294 | 282 | 315 | 388 | 390 | |
CWIP | 1 | 0 | 0 | 0 | 0 | 5 | 3 | 2 | 3 | 6 | 4 | 1 | 1 |
Investments | 172 | 195 | 194 | 241 | 280 | 537 | 2,008 | 3,617 | 5,485 | 4,644 | 6,279 | 7,050 | 6,005 |
65,598 | 80,379 | 95,581 | 112,298 | 130,204 | 150,352 | 169,088 | 196,920 | 211,138 | 230,789 | 248,088 | 271,120 | 275,542 | |
Total Assets | 65,844 | 80,647 | 95,862 | 112,630 | 130,587 | 150,997 | 171,228 | 200,707 | 216,920 | 235,721 | 254,687 | 278,559 | 281,937 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-11,621 | -12,578 | -11,523 | -14,345 | -13,039 | -14,273 | -18,977 | -21,538 | -14,738 | -17,140 | -16,729 | -19,632 | |
-21 | -27 | -2 | -58 | -58 | -278 | 1,368 | -1,642 | -1,851 | 858 | -1,629 | -799 | |
11,542 | 12,467 | 13,048 | 14,232 | 14,098 | 15,072 | 18,074 | 24,068 | 15,156 | 16,245 | 17,850 | 20,249 | |
Net Cash Flow | -100 | -138 | 1,524 | -171 | 1,001 | 521 | 465 | 887 | -1,434 | -37 | -508 | -183 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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% |
Documents
Announcements
- Intimation Of Cease Of Designated Listing Agent Service On Luxembourg Stock Exchange 18h
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 23h
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1d
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 22 Nov
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 13 Nov
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
from bse
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Financial Year 2010
from nse
Concalls
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Jul 2021TranscriptPPT
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Jun 2021TranscriptPPT
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Mar 2018TranscriptPPT
25 Lakhs
Families served and more