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

Fundamental Analysis of Indiabulls Housing Finance Ltd

About the Company - Indiabulls Housing Finance Ltd

Indiabulls Housing Finance Ltd. is a Public Limited Listed company incorporated on 10/05/2005 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L65922DL2005PLC136029 and registration number is 136029. 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. 7765.39 Cr. and Equity Capital is Rs. 93.71 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance - Housing5th Floor, Building No. 27, K G Marg, Connaught Place, New Delhi Delhi 110001helpdesk@indiabulls.com
http://www.indiabullshomeloans.com
Management
NamePosition Held
Mr. Subhash Sheoratan MundraNon Exe.Ind.Chairman
Mr. Gagan BangaVC & Mng.Director & CEO
Mr. Sachin ChaudharyExecutive Director
Mr. Achuthan SiddharthIndependent Director
Justice(Retd) Gyan Sudha MisraIndependent Director
Mr. Satish Chand MathurIndependent Director
Mr. Dinabandhu MohapatraIndependent Director
Mr. Rajiv GuptaNominee Director

Basic Stock Data of Indiabulls Housing Finance Ltd

Last Updated: May 30, 2024, 6:21 am

Market Cap 9,928 Cr.
Current Price 167
High / Low209/97.2
Stock P/E8.58
Book Value 249
Dividend Yield0.75 %
ROCE9.79 %
ROE6.62 %
Face Value 2.00
PEG Ratio-0.61

Competitors of Indiabulls Housing Finance Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Can Fin Homes Ltd 9,787 Cr. 736910/64013.0 3260.47 %9.25 %18.8 % 2.00
Repco Home Finance Ltd 3,147 Cr. 503543/2207.97 4630.54 %10.5 %14.6 % 10.0
Reliance Home Finance Ltd 167 Cr. 3.456.22/1.610.03 1.400.00 %258 %% 10.0
Coral India Finance & Housing Ltd 164 Cr. 40.874.5/30.88.20 41.30.74 %15.3 %12.6 % 2.00
Aptus Value Housing Finance India Ltd 15,271 Cr. 306392/24025.0 75.51.45 %14.7 %17.2 % 2.00
Industry Average5,707.20 Cr317.8510.84181.440.64%61.55%12.64%5.20

Indiabulls Housing Finance Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales2,5342,5132,3722,3212,2332,2742,1892,0752,2302,3392,0751,9002,227
Expenses353346448386254257256179406522293147448
Operating Profit2,1812,1671,9241,9351,9792,0181,9331,8971,8241,8171,7821,7531,779
OPM %86%86%81%83%89%89%88%91%82%78%86%92%80%
Other Income47150503232141315
Interest1,7921,7061,5941,5521,5711,5771,5431,4951,4101,3891,3421,3541,350
Depreciation22252319192020182323221923
Profit before tax413437357369390424372386393405422394422
Tax %22%25%23%24%27%29%18%26%26%28%38%25%29%
Net Profit323329276282286303307287289291263294298
EPS in Rs4.664.753.984.064.134.344.364.054.094.113.714.164.14

Indiabulls Housing Finance Ltd Quarterly Chart

Indiabulls Housing Finance Ltd Profit & Loss

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales4,7305,8907,2439,22111,62814,95217,02013,2199,9988,9888,7198,542
Expenses5146328161,1051,4852,0331,6542,0401,4291,1191,4001,411
Operating Profit4,2165,2586,4278,11710,14412,91915,36611,1798,5697,8697,3197,131
OPM %89%89%89%88%87%86%90%85%86%88%84%83%
Other Income48149462662296833
Interest2,5993,2823,9444,9716,4118,0109,7268,5126,9396,2425,6365,435
Depreciation98192023374310897778686
Profit before tax1,6551,9822,4733,1293,7724,8785,6042,5611,5621,5561,6061,643
Tax %24%21%23%25%23%21%28%15%23%24%30%
Net Profit1,2661,5691,9012,3452,9063,8954,0912,2001,2021,1781,1301,146
EPS in Rs40.2746.8353.4755.6668.5791.3395.7151.4525.9925.1323.9524.19
Dividend Payout %50%62%50%81%39%45%42%59%33%0%5%

Indiabulls Housing Finance Ltd Profit & Loss Yearly Chart

LIC Housing Finance Ltd Growth

Compounded Sales Growth
10 Years:4%
5 Years:-13%
3 Years:-5%
TTM:-3%
Compounded Profit Growth
10 Years:-2%
5 Years:-22%
3 Years:0%
TTM:8%
Stock Price CAGR
10 Years:-7%
5 Years:-25%
3 Years:-6%
1 Year:63%
Return on Equity
10 Years:16%
5 Years:8%
3 Years:7%
Last Year:7%

Last Updated: May 23, 2024, 3:45 pm

Indiabulls Housing Finance Ltd Balance Sheet

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital626771848585858489899094
Reserves5,0065,6396,56110,61012,03814,27316,39715,45416,04516,58517,27218,334
Borrowings31,28635,54047,48761,08585,301111,056105,75679,67468,80561,35952,40348,421
Other Liabilities2,7873,1723,1103,9356,2747,1887,8667,6608,2993,9405,1806,059
Total Liabilities39,14144,41757,22975,714103,697132,603130,104102,87293,23881,97374,94572,908
Fixed Assets58115123136169169214450295327433456
CWIP000000000000
Investments2,3082,9476,16410,69313,61714,79219,71712,2776,1465,5465,3705,780
Other Assets36,77541,35450,94264,88689,912117,642110,17390,14586,79676,10069,14266,672
Total Assets39,14144,41757,22975,714103,697132,603130,104102,87293,23881,97374,94572,908

Indiabulls Housing Finance Ltd Reserves and Borrowings Chart

Indiabulls Housing Finance Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -3,609-2,452-8,892-11,643-17,845-25,02421,20619,3317,0886574,001
Cash from Investing Activity 5,052-635-2,093-4,997-2,107368-4,2208,2653,1031,649884
Cash from Financing Activity 5,2273,09010,69915,33022,59123,775-7,335-27,934-10,632-7,444-9,142
Net Cash Flow6,6713-286-1,3102,638-8819,650-338-440-5,138-4,257

Indiabulls Housing Finance Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days00000111101
Inventory Days
Days Payable
Cash Conversion Cycle00000111101
Working Capital Days-353-256-129-247-273-135-103-87-16781103
ROCE %14%13%13%12%12%12%10%9%10%10%

Indiabulls Housing Finance Ltd Financial Efficiency Indicators Chart

LIC Housing Finance Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters21.69%21.69%9.72%9.66%9.59%9.60%9.60%0.00%0.00%0.00%0.00%0.00%
FIIs33.65%27.15%29.07%26.81%25.06%24.04%21.73%18.31%18.53%22.37%23.41%19.33%
DIIs12.88%12.37%14.21%13.11%9.81%11.09%13.10%13.04%16.12%16.08%8.53%7.15%
Public28.10%35.10%43.35%45.51%50.66%50.41%50.70%63.78%60.47%59.81%66.34%71.79%
Others3.68%3.68%3.66%4.91%4.88%4.88%4.88%4.88%4.88%1.75%1.71%1.71%
No. of Shareholders3,21,4874,16,6634,70,1045,45,7385,77,5315,51,6915,10,5215,22,0334,99,9574,54,3034,50,1414,93,288

Indiabulls Housing Finance Ltd Shareholding Pattern Chart

No. of Indiabulls Housing Finance Ltd Shareholders

Indiabulls Housing Finance Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Edelweiss Arbitrage Fund3,595,5000.9673.4
Nippon India Arbitrage Fund3,447,6000.5970.38
Tata Arbitrage Fund3,100,8000.7963.3
ICICI Prudential Equity - Arbitrage Fund3,906,6000.4163.25
SBI Arbitrage Opportunities Fund2,861,1000.2558.41
UTI Arbitrage Fund3,253,8001.452.68
HDFC Arbitrage Fund - Regular Plan2,850,9000.6146.16
HDFC Arbitrage Fund - Wholesale Plan2,850,9000.6146.16
Aditya Birla Sun Life Arbitrage Fund1,234,2000.425.2
Axis Arbitrage Fund958,8000.5619.57

Indiabulls Housing Finance Ltd ROCE Trend

Indiabulls Housing Finance Ltd EPS Trend

Indiabulls Housing Finance Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)25.1926.4227.7251.7095.83
Diluted EPS (Rs.)25.0526.3427.7251.6995.26
Cash EPS (Rs.)27.0928.1729.1554.2595.94
Book Value[Excl.RevalReserv]/Share (Rs.)387.01374.24362.27370.69385.64
Book Value[Incl.RevalReserv]/Share (Rs.)387.01374.24362.27370.69385.64
Revenue From Operations / Share (Rs.)194.37201.62222.91315.32398.21
PBDIT / Share (Rs.)163.31176.74193.06266.75359.67
PBIT / Share (Rs.)161.40175.01190.88264.17358.67
PBT / Share (Rs.)35.7534.9235.0761.10131.12
Net Profit / Share (Rs.)25.1826.4326.9851.6794.94
NP After MI And SOA / Share (Rs.)25.1826.4326.9852.4895.71
PBDIT Margin (%)84.0187.6586.6084.5990.32
PBIT Margin (%)83.0386.7985.6383.7890.06
PBT Margin (%)18.3917.3115.7319.3732.92
Net Profit Margin (%)12.9513.1112.1016.3823.84
NP After MI And SOA Margin (%)12.9513.1112.1016.6424.03
Return on Networth / Equity (%)6.507.067.4414.1524.81
Return on Capital Employeed (%)40.6416.9816.4220.6021.45
Return On Assets (%)1.501.431.282.133.14
Long Term Debt / Equity (X)0.001.702.162.403.28
Total Debt / Equity (X)3.023.684.265.136.42
Asset Turnover Ratio (%)0.110.090.090.100.12
Current Ratio (X)1.262.202.202.042.19
Quick Ratio (X)1.262.202.202.042.19
Dividend Payout Ratio (NP) (%)0.00-1.2934.6260.0141.74
Dividend Payout Ratio (CP) (%)0.00-1.2132.0557.2141.30
Earning Retention Ratio (%)0.000.0065.3839.9958.26
Cash Earning Retention Ratio (%)0.000.0067.9542.7958.70
Interest Coverage Ratio (X)1.301.261.241.311.58
Interest Coverage Ratio (Post Tax) (X)1.201.191.171.251.42
Enterprise Value (Cr.)51538.3658737.2960552.6868682.73127771.68
EV / Net Operating Revenue (X)5.916.546.105.207.51
EV / EBITDA (X)7.047.467.046.148.31
MarketCap / Net Operating Revenue (X)0.500.780.880.302.15
Retention Ratios (%)0.000.0065.3739.9858.25
Price / BV (X)0.250.420.540.262.22
Price / Net Operating Revenue (X)0.500.780.880.302.15
EarningsYield0.250.160.130.540.11

Indiabulls Housing Finance Ltd Profitability Ratios (%)

Indiabulls Housing Finance Ltd Liquidity Ratios

Indiabulls Housing Finance Ltd Liquidity Ratios (%)

Indiabulls Housing Finance Ltd Interest Coverage Ratios (%)

Indiabulls Housing Finance Ltd Valuation Ratios

Fair Value

Fair Value: ₹142.49

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.

Overvalued: 14.68% compared to the current price ₹167

Intrinsic Value: ₹122.53

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.

Overvalued: 26.63% compared to the current price ₹167

Last 5 Year EPS CAGR: -14.01%

*Investments are subject to market risks

Strength and Weakness of Indiabulls Housing Finance Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of -142.36, which is a positive sign.
  2. The company has shown consistent growth in sales (9.42 cr) and profit (2.08 cr) over the years.
  1. The stock has a low average ROCE of 10.45%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 0.45, which may not be favorable.
  3. The company has higher borrowings (65,681.08) compared to reserves (12,851.17), which may suggest financial risk.

FAQ

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

The latest fair value of Indiabulls Housing Finance Ltd is ₹142.49.

What is the Market Cap of Indiabulls Housing Finance Ltd?

The Market Cap of Indiabulls Housing Finance Ltd is 9,928 Cr..

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

The current stock price of Indiabulls Housing Finance Ltd as on 30 May 2024 is ₹167.

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

In FY 2024, the High / Low of Indiabulls Housing Finance Ltd stocks is 209/97.2.

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

The Stock P/E of Indiabulls Housing Finance Ltd is 8.58.

What is the Book Value of Indiabulls Housing Finance Ltd?

The Book Value of Indiabulls Housing Finance Ltd is 249.

What is the Dividend Yield of Indiabulls Housing Finance Ltd?

The Dividend Yield of Indiabulls Housing Finance Ltd is 0.75 %.

What is the ROCE of Indiabulls Housing Finance Ltd?

The ROCE of Indiabulls Housing Finance Ltd is 9.79 %.

What is the ROE of Indiabulls Housing Finance Ltd?

The ROE of Indiabulls Housing Finance Ltd is 6.62 %.

What is the Face Value of Indiabulls Housing Finance Ltd?

The Face Value of Indiabulls Housing Finance Ltd is 2.00.

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 Indiabulls 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