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Last Updated on: 14 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

GIC Housing Finance Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 11, 2024, 12:28 pm

Market Cap 1,179 Cr.
Current Price 219
High / Low292/184
Stock P/E7.15
Book Value 349
Dividend Yield2.05 %
ROCE8.54 %
ROE8.30 %
Face Value 10.0
PEG Ratio0.23

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for GIC Housing Finance Ltd

Competitors of GIC Housing Finance Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Ind Bank Housing Ltd 44.5 Cr. 44.587.9/31.6 1210.00 %7.86 %% 10.0
Home First Finance Company India Ltd 9,450 Cr. 1,0591,383/77727.6 2570.32 %11.2 %15.5 % 2.00
Aptus Value Housing Finance India Ltd 15,819 Cr. 316402/28123.4 80.31.42 %14.7 %17.2 % 2.00
Repco Home Finance Ltd 3,001 Cr. 480595/3667.30 4630.63 %10.5 %14.6 % 10.0
PNB Housing Finance Ltd 25,657 Cr. 9871,202/60015.1 5750.00 %9.27 %11.8 % 10.0
Industry Average10,995.40 Cr437.2313.17284.040.73%11.06%13.49%5.64

All Competitor Stocks of GIC Housing Finance Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Revenue311299272298292288274279281281268268261
Interest201189184179172166170176178178183179176
Expenses3928861204853301628424741
Financing Profit721070581007551738775434244
Financing Margin %23%36%0%19%34%26%19%26%31%27%16%16%17%
Other Income0822122236332
Depreciation1111332223444
Profit before tax71114158987351738878424142
Tax %14%30%-226%22%22%33%23%23%26%33%24%26%16%
Net Profit6180345774939566552323036
EPS in Rs11.3214.800.528.4014.219.107.2810.4612.159.715.915.606.61
Gross NPA %5.47%7.68%11.16%9.86%9.97%8.60%8.27%7.52%6.89%4.68%4.69%4.59%4.59%
Net NPA %2.69%4.73%7.82%6.07%6.53%5.59%5.11%4.45%3.94%3.29%3.25%3.08%3.01%

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Revenue4395546257338761,0021,1121,2281,2521,2321,1521,1231,098
Interest311373419509601668713866946823702703719
Expenses4866706784106124114191277216126133
Financing Profit80115135157192228275248116131234294246
Financing Margin %18%21%22%21%22%23%25%20%9%11%20%26%22%
Other Income00000000385615
Depreciation122411116491013
Profit before tax79113133154191227274247112135230290248
Tax %25%25%27%33%35%35%25%30%59%22%25%26%
Net Profit59859810312414820617246106174213180
EPS in Rs10.9615.7918.1119.1223.1227.4338.1931.908.4719.6032.2339.5933.37
Dividend Payout %41%32%33%26%22%18%14%17%24%20%14%11%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)44.07%15.29%5.10%20.39%19.35%39.19%-16.50%-73.26%130.43%64.15%22.41%
Change in YoY Net Profit Growth (%)0.00%-28.77%-10.19%15.29%-1.03%19.83%-55.69%-56.75%203.69%-66.28%-41.74%

GIC Housing Finance Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:5%
5 Years:-3%
3 Years:-5%
TTM:-4%
Compounded Profit Growth
10 Years:4%
5 Years:-3%
3 Years:12%
TTM:-8%
Stock Price CAGR
10 Years:1%
5 Years:7%
3 Years:10%
1 Year:9%
Return on Equity
10 Years:12%
5 Years:9%
3 Years:11%
Last Year:8%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 11:41 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital54545454545454545454545454
Reserves4975576066787841,0641,2001,2091,3041,4571,6451,7751,826
Borrowings3,9734,6525,7947,0018,2379,98411,65911,76811,22610,3659,1688,5848,673
Other Liabilities2282562662893294457685753535761
Total Liabilities4,7515,5186,7218,0219,40411,14712,96913,09912,64111,92910,92010,47010,615
Fixed Assets6532223191621524456
CWIP00000001329299100
Investments10101010261314141415230169253
Other Assets4,7355,5036,7088,0099,37611,13212,95313,05312,58111,86410,62910,24810,306
Total Assets4,7515,5186,7218,0219,40411,14712,96913,09912,64111,92910,92010,47010,615

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +-262-662-1,103-1,167-1,178-1,721-1,645225481,2861,044522
Cash from Investing Activity +0012-1621-11-14-4-21364
Cash from Financing Activity +2056471,1051,1741,2031,7151,63951-558-892-1,238-619
Net Cash Flow-57-143910-5-562-24390-407-34

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow48.0063.0066.0062.0077.0098.00115.00103.00180.00266.00206.00117.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
ROE %16%17%16%18%19%21%14%4%8%12%13%8%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters42.41%42.41%42.41%42.41%42.41%42.41%42.41%42.41%42.41%42.41%42.41%42.41%
FIIs0.36%1.35%1.41%1.78%1.85%2.33%2.22%2.04%3.62%3.28%3.18%2.64%
DIIs0.00%6.34%6.34%6.33%6.34%6.34%6.34%6.34%6.34%5.89%5.89%5.89%
Public57.23%49.90%49.84%49.48%49.39%48.92%49.03%49.21%47.63%48.40%48.52%49.04%
No. of Shareholders68,81863,62462,45861,49260,63657,32059,76259,47857,44358,59962,41066,668

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22
FaceValue10.0010.0010.00
Basic EPS (Rs.)28.1139.6032.22
Diluted EPS (Rs.)28.1139.6032.22
Cash EPS (Rs.)30.8841.4233.80
Book Value[Excl.RevalReserv]/Share (Rs.)339.43315.39280.39
Book Value[Incl.RevalReserv]/Share (Rs.)339.43315.39280.39
Revenue From Operations / Share (Rs.)196.21206.92213.40
PBDIT / Share (Rs.)172.52186.02174.44
PBIT / Share (Rs.)169.74184.18172.85
PBT / Share (Rs.)37.8953.8042.75
Net Profit / Share (Rs.)28.0939.5832.20
NP After MI And SOA / Share (Rs.)28.0939.5832.20
PBDIT Margin (%)87.9289.8981.74
PBIT Margin (%)86.5089.0080.99
PBT Margin (%)19.3125.9920.03
Net Profit Margin (%)14.3119.1215.09
NP After MI And SOA Margin (%)14.3119.1215.09
Return on Networth / Equity (%)8.2712.5411.48
Return on Capital Employeed (%)35.3234.8130.81
Return On Assets (%)1.441.951.45
Long Term Debt / Equity (X)0.390.660.98
Total Debt / Equity (X)4.685.386.85
Asset Turnover Ratio (%)0.090.090.00
Current Ratio (X)1.311.331.32
Quick Ratio (X)1.311.331.32
Dividend Payout Ratio (NP) (%)16.0011.3612.41
Dividend Payout Ratio (CP) (%)14.5610.8511.82
Earning Retention Ratio (%)84.0088.6487.59
Cash Earning Retention Ratio (%)85.4489.1588.18
Interest Coverage Ratio (X)1.311.431.34
Interest Coverage Ratio (Post Tax) (X)1.211.301.25
Enterprise Value (Cr.)9607.789887.4410571.51
EV / Net Operating Revenue (X)9.098.879.19
EV / EBITDA (X)10.349.8611.25
MarketCap / Net Operating Revenue (X)1.030.740.61
Retention Ratios (%)83.9988.6387.58
Price / BV (X)0.590.490.46
Price / Net Operating Revenue (X)1.030.740.61
EarningsYield0.130.250.24

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of GIC Housing Finance Ltd as of November 14, 2024 is: 211.36

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 14, 2024, GIC Housing Finance Ltd is Overvalued by 3.49% compared to the current share price 219.00

Intrinsic Value of GIC Housing Finance Ltd as of November 14, 2024 is: 278.05

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 14, 2024, GIC Housing Finance Ltd is Undervalued by 26.96% compared to the current share price 219.00

Last 5 Year EPS CAGR: 31.55%

*Investments are subject to market risks

Strength and Weakness

Unable to fetch valid data for stock valuation.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in GIC Housing Finance Ltd:
    1. Net Profit Margin: 14.31%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 35.32% (Industry Average ROCE: 11.06%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 8.27% (Industry Average ROE: 13.49%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 1.21
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.31
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 7.15 (Industry average Stock P/E: 13.17)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 4.68
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

GIC Housing Finance Ltd. is a Public Limited Listed company incorporated on 12/12/1989 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L65922MH1989PLC054583 and registration number is 054583. Currently Company is involved in the business activities of Activities of specialized institutions granting credit for house purchases that also take deposits. Company’s Total Operating Revenue is Rs. 1149.78 Cr. and Equity Capital is Rs. 53.88 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance - HousingNational Insurance Building, 6th Floor, Mumbai Maharashtra 400020investors@gichf.com
http://www.gichfindia.com
Management
NamePosition Held
Mr. Ramaswamy NarayananChairman & Non-Exe.Director
Mr. Paul LoboManaging Director & CEO
Mr. Rashmi Raman SinghNon Executive Director
Mrs. Rajeshwari Singh MuniNon Executive Director
Mr. B S RahulNon Executive Director
Mr. Hitesh JoshiNon Executive Director
Mr. A K SaxenaIndependent Director
Mrs. Rani Singh NairIndependent Director
Mr. Vaijinath M GavarshettyIndependent Director
Mr. Kishore GarimellaIndependent Director
Mr. Sathia Jeeva KrishnanIndependent Director
Mr. N DamodharanIndependent Director
Mr. Sunil KakarIndependent Director

FAQ

What is the latest intrinsic value of GIC Housing Finance Ltd?

The latest intrinsic value of GIC Housing Finance Ltd as on 14 November 2024 is ₹211.36, which is 3.49% lower than the current market price of ₹219.00.

What is the Market Cap of GIC Housing Finance Ltd?

The Market Cap of GIC Housing Finance Ltd is 1,179 Cr..

What is the current Stock Price of GIC Housing Finance Ltd as on 14 November 2024?

The current stock price of GIC Housing Finance Ltd as on 14 November 2024 is ₹219.

What is the High / Low of GIC Housing Finance Ltd stocks in FY 2024?

In FY 2024, the High / Low of GIC Housing Finance Ltd stocks is 292/184.

What is the Stock P/E of GIC Housing Finance Ltd?

The Stock P/E of GIC Housing Finance Ltd is 7.15.

What is the Book Value of GIC Housing Finance Ltd?

The Book Value of GIC Housing Finance Ltd is 349.

What is the Dividend Yield of GIC Housing Finance Ltd?

The Dividend Yield of GIC Housing Finance Ltd is 2.05 %.

What is the ROCE of GIC Housing Finance Ltd?

The ROCE of GIC Housing Finance Ltd is 8.54 %.

What is the ROE of GIC Housing Finance Ltd?

The ROE of GIC Housing Finance Ltd is 8.30 %.

What is the Face Value of GIC Housing Finance Ltd?

The Face Value of GIC Housing Finance Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in GIC Housing Finance Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE