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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of GIC Housing Finance Ltd

About the Company - GIC Housing Finance Ltd

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, Mumbai Maharashtra 400020investors@gichf.com
http://www.gichfindia.com
Management
NamePosition Held
Mr. Devesh SrivastavaChairman
Mr. Paul LoboManaging Director & CEO
Mrs. Rani Singh NairDirector
Mr. A K SaxenaDirector
Mr. N S R Chandra PrasadDirector
Mrs. Suchita GuptaDirector
Mr. Satyajit TripathyDirector
Mrs. Neerja KapurDirector
Mr. Rashmi Raman SinghDirector
Mr. Hitesh JoshiDirector
Mr. Vaijinath M GavarshettyDirector
Mr. Kishore GarimellaDirector
Mr. Sathia Jeeva KrishnanDirector
Mr. N DamodharanDirector
Mr. Sunil KakarDirector

Basic Stock Data of GIC Housing Finance Ltd

Last Updated: May 30, 2024, 6:22 am

Market Cap 1,197 Cr.
Current Price 222
High / Low292/165
Stock P/E7.92
Book Value 340
Dividend Yield2.02 %
ROCE8.59 %
ROE8.57 %
Face Value 10.0
PEG Ratio0.25

Competitors of GIC Housing Finance Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
LIC Housing Finance Ltd 35,705 Cr. 649683/3637.50 5721.31 %%16.2 % 2.00
Aptus Value Housing Finance India Ltd 14,979 Cr. 300392/24024.5 75.51.51 %14.7 %17.2 % 2.00
Reliance Home Finance Ltd 167 Cr. 3.456.22/1.610.03 1.400.00 %258 %% 10.0
Repco Home Finance Ltd 3,147 Cr. 503543/2207.97 4630.54 %10.5 %14.6 % 10.0
Coral India Finance & Housing Ltd 164 Cr. 40.874.5/30.88.20 41.30.74 %15.3 %12.6 % 2.00
Industry Average10,832.40 Cr299.259.64230.640.82%59.70%12.12%5.20

GIC Housing Finance Ltd Quarterly Results

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: May 4, 2024, 8:22 pm

GIC Housing Finance Ltd Quarterly Chart

GIC Housing Finance Ltd Profit & Loss

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%

GIC Housing Finance Ltd Profit & Loss Yearly Chart

GIC Housing Finance Ltd Growth

Compounded Sales Growth
10 Years:7%
5 Years:0%
3 Years:-4%
TTM:-4%
Compounded Profit Growth
10 Years:9%
5 Years:0%
3 Years:66%
TTM:-29%
Stock Price CAGR
10 Years:6%
5 Years:-4%
3 Years:24%
1 Year:30%
Return on Equity
10 Years:13%
5 Years:10%
3 Years:11%
Last Year:13%

Last Updated: April 15, 2024, 12:46 pm

GIC Housing Finance Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital54545454545454545454545454
Reserves4434975576066787841,0641,2001,2091,3041,4571,6451,684
Borrowings3,5953,9734,6525,7947,0018,2379,98411,65911,76811,22610,3659,1688,745
Other Liabilities19122825626628932944576857535363
Total Liabilities4,2834,7515,5186,7218,0219,40411,14712,96913,09912,64111,92910,92010,545
Fixed Assets465322231916215255
CWIP2000000013292990
Investments1010101010261314141415230205
Other Assets4,2674,7355,5036,7088,0099,37611,13212,95313,05312,58111,86410,62910,285
Total Assets4,2834,7515,5186,7218,0219,40411,14712,96913,09912,64111,92910,92010,545

GIC Housing Finance Ltd Reserves and Borrowings Chart

GIC Housing Finance Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -372-262-662-1,103-1,167-1,178-1,721-1,645225481,2861,044
Cash from Investing Activity -690012-1621-11-14-4-213
Cash from Financing Activity 4772056471,1051,1741,2031,7151,63951-558-892-1,238
Net Cash Flow36-57-143910-5-562-24390-407

GIC Housing Finance Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
ROE %12%16%17%16%18%19%21%14%4%8%12%13%

GIC Housing Finance Ltd Financial Efficiency Indicators Chart

GIC Housing Finance Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters42.41%42.41%42.41%42.41%42.41%42.41%42.41%42.41%42.41%42.41%42.41%42.41%
FIIs0.05%0.14%0.15%0.36%1.35%1.41%1.78%1.85%2.33%2.22%2.04%3.62%
DIIs6.89%6.89%6.90%0.00%6.34%6.34%6.33%6.34%6.34%6.34%6.34%6.34%
Public50.65%50.56%50.54%57.23%49.90%49.84%49.48%49.39%48.92%49.03%49.21%47.63%
No. of Shareholders74,64968,69862,98968,81863,62462,45861,49260,63657,32059,76259,47857,443

GIC Housing Finance Ltd Shareholding Pattern Chart

No. of GIC Housing Finance Ltd Shareholders

This stock is not held by any mutual fund

GIC Housing Finance Ltd ROCE Trend

GIC Housing Finance Ltd EPS Trend

GIC Housing Finance Ltd Key Financial Ratios

MonthMar 23Mar 22
FaceValue10.0010.00
Basic EPS (Rs.)39.6032.22
Diluted EPS (Rs.)39.6032.22
Cash EPS (Rs.)41.4233.80
Book Value[Excl.RevalReserv]/Share (Rs.)315.39280.39
Book Value[Incl.RevalReserv]/Share (Rs.)315.39280.39
Revenue From Operations / Share (Rs.)206.92213.40
PBDIT / Share (Rs.)186.02174.44
PBIT / Share (Rs.)184.18172.85
PBT / Share (Rs.)53.8042.75
Net Profit / Share (Rs.)39.5832.20
NP After MI And SOA / Share (Rs.)39.5832.20
PBDIT Margin (%)89.8981.74
PBIT Margin (%)89.0080.99
PBT Margin (%)25.9920.03
Net Profit Margin (%)19.1215.09
NP After MI And SOA Margin (%)19.1215.09
Return on Networth / Equity (%)12.5411.48
Return on Capital Employeed (%)57.5330.81
Return On Assets (%)1.951.45
Long Term Debt / Equity (X)0.000.98
Total Debt / Equity (X)5.386.85
Asset Turnover Ratio (%)0.090.00
Current Ratio (X)1.171.32
Quick Ratio (X)1.171.32
Dividend Payout Ratio (NP) (%)11.3612.41
Dividend Payout Ratio (CP) (%)10.8511.82
Earning Retention Ratio (%)88.6487.59
Cash Earning Retention Ratio (%)89.1588.18
Interest Coverage Ratio (X)1.431.34
Interest Coverage Ratio (Post Tax) (X)1.301.25
Enterprise Value (Cr.)9887.4410571.51
EV / Net Operating Revenue (X)8.879.19
EV / EBITDA (X)9.8611.25
MarketCap / Net Operating Revenue (X)0.740.61
Retention Ratios (%)88.6387.58
Price / BV (X)0.490.46
Price / Net Operating Revenue (X)0.740.61
EarningsYield0.250.24

GIC Housing Finance Ltd Profitability Ratios (%)

GIC Housing Finance Ltd Liquidity Ratios

GIC Housing Finance Ltd Liquidity Ratios (%)

GIC Housing Finance Ltd Interest Coverage Ratios (%)

GIC Housing Finance Ltd Valuation Ratios

Fair Value

Fair Value: ₹235.43

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.

Undervalued: 6.05% compared to the current price ₹222

Intrinsic Value: ₹309.72

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 39.51% compared to the current price ₹222

Last 5 Year EPS CAGR: 31.55%

*Investments are subject to market risks

Strength and Weakness of GIC Housing Finance Ltd Stock

Unable to fetch valid data for stock valuation.

FAQ

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

The latest fair value of GIC Housing Finance Ltd is ₹235.43.

What is the Market Cap of GIC Housing Finance Ltd?

The Market Cap of GIC Housing Finance Ltd is 1,197 Cr..

What is the current Stock Price of GIC Housing Finance Ltd as on 30 May 2024?

The current stock price of GIC Housing Finance Ltd as on 30 May 2024 is ₹222.

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 292/165.

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

The Stock P/E of GIC Housing Finance Ltd is 7.92.

What is the Book Value of GIC Housing Finance Ltd?

The Book Value of GIC Housing Finance Ltd is 340.

What is the Dividend Yield of GIC Housing Finance Ltd?

The Dividend Yield of GIC Housing Finance Ltd is 2.02 %.

What is the ROCE of GIC Housing Finance Ltd?

The ROCE of GIC Housing Finance Ltd is 8.59 %.

What is the ROE of GIC Housing Finance Ltd?

The ROE of GIC Housing Finance Ltd is 8.57 %.

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