LIC Housing Finance Ltd

₹ 377 -0.55%

05 Jun 2:37 p.m.

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 ₹ 20,743 Cr.
Current Price ₹ 377
High / Low ₹ 444 / 292
Stock P/E 7.12
Book Value ₹ 494
Dividend Yield 2.27 %
ROCE 7.57 %
ROE 11.1 %
Face Value ₹ 2.00

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Pros

Stock is trading at 0.77 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

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Revenue	4,935	5,012	4,977	4,911	4,982	4,865	4,718	5,064	5,328	5,296	5,096	5,890	6,431
Interest	3,764	3,764	3,700	3,594	3,392	3,549	3,505	3,546	3,551	3,639	3,886	4,232	4,378
	292	187	264	348	1,213	1,111	892	552	456	504	811	1,069	582
Financing Profit	880	1,060	1,014	968	377	204	320	967	1,320	1,153	399	589	1,472
Financing Margin %	18%	21%	20%	20%	8%	4%	7%	19%	25%	22%	8%	10%	23%
	-32	-25	10	16	-2	3	5	14	9	6	5	6	0
Depreciation	15	13	13	14	12	13	14	14	15	16	16	17	19
Profit before tax	833	1,022	1,011	970	362	194	312	968	1,314	1,143	388	577	1,453
Tax %	49%	19%	22%	26%	-12%	22%	20%	20%	15%	19%	20%	20%	18%
Net Profit	424	824	794	721	406	151	250	771	1,114	927	311	462	1,191
EPS in Rs	8.41	16.33	15.72	14.29	8.05	3.00	4.54	14.02	20.25	16.85	5.66	8.40	21.65
Gross NPA %
Net NPA %
Raw PDF

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
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
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
	411	396	357	390	611	887	940	1,104	1,592	2,012	3,012	2,964
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
Financing Margin %	20%	18%	19%	20%	21%	21%	19%	20%	17%	17%	14%	16%
	12	11	34	17	12	9	0	0	-33	-5	27	14
Depreciation	8	8	8	10	10	10	10	12	51	52	55	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
Tax %	26%	26%	28%	34%	35%	35%	28%	28%	27%	19%	18%	19%
Net Profit	920	1,048	1,319	1,396	1,668	1,942	2,008	2,434	2,404	2,741	2,286	2,891
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	52.55
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:	14%

Compounded Profit Growth
10 Years:	11%
5 Years:	8%
3 Years:	6%
TTM:	26%

Stock Price CAGR
10 Years:	4%
5 Years:	-5%
3 Years:	13%
1 Year:	1%

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
	101	101	101	101	101	101	101	101	101	101	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
	56,087	68,764	82,036	96,532	110,931	126,337	150,913	170,657	191,428	207,925	223,757	244,913
	4,047	5,350	6,240	8,218	10,441	13,504	6,004	13,719	7,227	7,195	6,179	6,461
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
	74	73	86	90	102	102	129	168	294	282	315	388
CWIP	1	0	0	0	0	5	3	2	3	6	4	1
Investments	172	195	194	241	280	537	2,008	3,617	5,485	4,644	6,279	7,050
	65,598	80,379	95,581	112,298	130,204	150,352	169,088	196,920	211,138	230,789	248,088	271,120
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

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
	-11,621	-12,578	-11,523	-14,345	-13,039	-14,273	-18,977	-21,538	-14,738	-17,140	-16,729
	-21	-27	-2	-58	-58	-278	1,368	-1,642	-1,851	858	-1,629
	11,542	12,467	13,048	14,232	14,098	15,072	18,074	24,068	15,156	16,245	17,850
Net Cash Flow	-100	-138	1,524	-171	1,001	521	465	887	-1,434	-37	-508

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%

Shareholding Pattern

Numbers in percentages

Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
40.31	40.31	40.31	40.31	40.31	45.24	45.24	45.24	45.24	45.24	45.24	45.24
34.27	34.44	29.26	28.20	28.80	24.07	23.46	23.03	20.67	20.97	19.32	17.66
10.62	10.41	15.39	16.82	15.57	14.96	14.92	16.23	19.22	20.68	22.74	24.18
14.80	14.83	15.04	14.67	15.32	15.73	16.38	15.50	14.88	13.10	12.70	12.92

Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
40.31	40.31	40.31	40.31	40.31	45.24	45.24
32.90	32.93	31.42	32.32	28.20	23.03	17.66
13.00	8.26	9.00	14.00	16.82	16.23	24.18
13.79	18.50	19.27	13.37	14.67	15.50	12.92

* 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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May 2023

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Jul 2021
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Mar 2018
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