Fundamental Analysis of LIC Housing Finance Ltd

About the Company - LIC Housing Finance Ltd

LIC Housing Finance Ltd. is a Public Limited Listed company incorporated on 19/06/1989 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L65922MH1989PLC052257 and registration number is 052257. 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. 19919.07 Cr. and Equity Capital is Rs. 110.08 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Finance - Housing	Bombay Life Building, Mumbai Maharashtra 400001	lichousing@lichousing.com http://www.lichousing.com

Management
Name	Position Held
Mr. Siddhartha Mohanty	Chairperson
Mr. Y Viswanatha Gowd	Managing Director & CEO
Mr. Jagannath Mukkavilli	Non Exe. & Nominee Director
Mr. P Koteswara Rao	Non Independent Director
Mr. Akshay Rout	Non Independent Director
Dr. Dharmendra Bhandari	Independent Director
Mr. Ravi Krishan Takkar	Independent Director
Mr. Ameet Patel	Independent Director
Mr. Kashi Prasad Khandelwal	Independent Director
Mr. V K Kukreja	Independent Director
Mr. Jagennath Jayanthi	Independent Director
Mr. Sanjay Kumar Khemani	Independent Director

Basic Stock Data of LIC Housing Finance Ltd

Last Updated: July 6, 2024, 11:54 am

Market Cap	43,769 Cr.
Current Price	796
High / Low	821/383
Stock P/E	9.19
Book Value	572
Dividend Yield	1.07 %
ROCE	%
ROE	16.2 %
Face Value	2.00
PEG Ratio	0.95

Competitors of LIC Housing Finance Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Aptus Value Housing Finance India Ltd	16,968 Cr.	340	392/248	27.7	75.5	1.32 %	14.7 %	17.2 %	2.00
Coral India Finance & Housing Ltd	209 Cr.	51.9	74.5/33.5	10.1	45.5	0.58 %	14.2 %	12.5 %	2.00
Reliance Home Finance Ltd	183 Cr.	3.78	6.22/1.61		1.59	0.00 %	17.2 %	%	10.0
Indiabulls Housing Finance Ltd	10,315 Cr.	171	209/106	8.48	268	0.73 %	10.1 %	6.55 %	2.00
Can Fin Homes Ltd	11,809 Cr.	887	938/680	15.7	326	0.68 %	9.25 %	18.8 %	2.00
Industry Average	8,130.38 Cr	384.84		11.77	261.82	0.69%	11.72%	11.22%	6.00

LIC Housing Finance Ltd Quarterly Results

Month	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Revenue	4,911	4,982	4,865	4,718	5,064	5,328	5,296	5,096	5,890	6,431	6,759	6,765	6,804
Interest	3,594	3,392	3,549	3,505	3,546	3,551	3,639	3,886	4,232	4,378	4,493	4,600	4,646
Expenses	348	1,213	1,111	892	552	456	504	811	1,069	582	602	670	686
Financing Profit	968	377	204	320	967	1,320	1,153	399	589	1,472	1,664	1,496	1,473
Financing Margin %	20%	8%	4%	7%	19%	25%	22%	8%	10%	23%	25%	22%	22%
Other Income	16	-2	3	5	14	9	6	5	6	0	0	0	0
Depreciation	14	12	13	14	14	15	16	16	17	19	19	13	18
Profit before tax	970	362	194	312	968	1,314	1,143	388	577	1,453	1,645	1,483	1,454
Tax %	26%	-12%	22%	20%	20%	15%	19%	20%	20%	18%	20%	20%	20%
Net Profit	721	406	151	250	771	1,114	926	313	462	1,191	1,319	1,192	1,167
EPS in Rs	14.29	8.05	3.00	4.54	14.02	20.25	16.84	5.69	8.40	21.65	23.98	21.67	21.21
Gross NPA %
Net NPA %

Last Updated: June 7, 2024, 9:03 am

LIC Housing Finance Ltd Quarterly Chart

LIC Housing Finance Ltd Profit & Loss

Month	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
Expenses	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%
Other Income	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%
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	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%

LIC Housing Finance Ltd Profit & Loss Yearly Chart

LIC Housing Finance Ltd Growth

Compounded Sales Growth
10 Years:	11%
5 Years:	9%
3 Years:	11%
TTM:	20%

Compounded Profit Growth
10 Years:	14%
5 Years:	14%
3 Years:	20%
TTM:	65%

Stock Price CAGR
10 Years:	9%
5 Years:	7%
3 Years:	20%
1 Year:	104%

Return on Equity
10 Years:	15%
5 Years:	13%
3 Years:	13%
Last Year:	16%

Last Updated: July 2, 2024, 4:50 pm

LIC Housing Finance Ltd Balance Sheet

Month	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
Borrowings	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
Other Liabilities	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
Fixed Assets	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
Other Assets	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

LIC Housing Finance Ltd Reserves and Borrowings Chart

LIC Housing Finance Ltd Cash Flow

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Cash from Operating Activity	-11,621	-12,578	-11,523	-14,345	-13,039	-14,273	-18,977	-21,538	-14,738	-17,140	-16,729	-19,632
Cash from Investing Activity	-21	-27	-2	-58	-58	-278	1,368	-1,642	-1,851	858	-1,629	-799
Cash from Financing Activity	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

LIC Housing Finance Ltd Financial Efficiency Indicators

Month	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%

LIC Housing Finance Ltd Financial Efficiency Indicators Chart

LIC Housing Finance Ltd Share Holding Pattern

Month	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Promoters	40.31%	40.31%	45.24%	45.24%	45.24%	45.24%	45.24%	45.24%	45.24%	45.24%	45.24%	45.24%
FIIs	28.20%	28.80%	24.07%	23.46%	23.03%	20.67%	20.97%	19.32%	17.66%	17.15%	21.21%	21.91%
DIIs	16.82%	15.57%	14.96%	14.92%	16.23%	19.22%	20.68%	22.74%	24.18%	25.03%	21.51%	21.76%
Public	14.67%	15.32%	15.73%	16.38%	15.50%	14.88%	13.10%	12.70%	12.92%	12.56%	12.03%	11.09%
No. of Shareholders	2,96,570	3,24,138	3,84,414	4,16,146	4,52,133	4,42,359	3,77,701	3,64,785	3,62,974	3,49,173	3,24,814	3,05,862

LIC Housing Finance Ltd Shareholding Pattern Chart

No. of LIC Housing Finance Ltd Shareholders

LIC Housing Finance Ltd Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
SBI Small Cap Fund	7,700,000	1.65	378.19	7,700,000	2024-07-05	0%
Mirae Asset Emerging Bluechip Fund	7,135,389	1.17	327.66	7,700,000	2024-07-05	-7.33%
ICICI Prudential Value Discovery Fund	6,800,708	0.96	312.29	7,700,000	2024-07-05	-11.68%
Mirae Asset Midcap Fund	4,252,924	1.66	195.29	7,700,000	2024-07-05	-44.77%
Nippon India Banking & Financial Services Fund	3,025,000	3.07	148.57	7,700,000	2024-07-05	-60.71%
ICICI Prudential Balanced Advantage Fund	3,168,574	0.29	145.5	7,700,000	2024-07-05	-58.85%
HDFC Large and Mid Cap Fund - Regular Plan	3,008,001	1.16	138.13	7,700,000	2024-07-05	-60.94%
SBI Arbitrage Opportunities Fund	2,334,000	0.48	114.63	7,700,000	2024-07-05	-69.69%
ICICI Prudential Bluechip Fund	2,390,459	0.27	109.77	7,700,000	2024-07-05	-68.96%
Tata Large & Mid Cap Fund - Regular Plan	2,200,000	1.89	108.05	7,700,000	2024-07-05	-71.43%

LIC Housing Finance Ltd ROCE Trend

LIC Housing Finance Ltd EPS Trend

LIC Housing Finance Ltd Key Financial Ratios

Month	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19
FaceValue	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	52.56	43.12	54.32	47.63	48.23
Diluted EPS (Rs.)	52.56	43.12	54.32	47.63	48.23
Cash EPS (Rs.)	53.78	42.54	55.32	48.61	48.45
Book Value[Excl.RevalReserv]/Share (Rs.)	493.97	449.74	408.04	361.76	323.46
Book Value[Incl.RevalReserv]/Share (Rs.)	493.97	449.74	408.04	361.76	323.46
Revenue From Operations / Share (Rs.)	412.68	362.91	393.74	390.85	344.44
PBDIT / Share (Rs.)	359.09	308.75	353.86	358.74	322.70
PBIT / Share (Rs.)	357.84	307.75	352.82	357.73	322.46
PBT / Share (Rs.)	64.69	50.64	66.64	65.00	67.17
Net Profit / Share (Rs.)	52.53	41.53	54.28	47.60	48.21
NP After MI And SOA / Share (Rs.)	52.52	41.53	54.28	47.59	48.20
PBDIT Margin (%)	87.01	85.07	89.87	91.78	93.68
PBIT Margin (%)	86.71	84.80	89.60	91.52	93.61
PBT Margin (%)	15.67	13.95	16.92	16.63	19.50
Net Profit Margin (%)	12.72	11.44	13.78	12.17	13.99
NP After MI And SOA Margin (%)	12.72	11.44	13.78	12.17	13.99
Return on Networth / Equity (%)	10.63	9.23	13.30	13.15	14.90
Return on Capital Employeed (%)	70.44	9.82	10.68	10.96	10.13
Return On Assets (%)	1.03	0.89	1.16	1.10	1.21
Long Term Debt / Equity (X)	0.00	5.95	7.07	8.00	8.83
Total Debt / Equity (X)	9.00	9.03	10.09	10.47	10.45
Asset Turnover Ratio (%)	0.08	0.08	0.08	0.09	0.09
Current Ratio (X)	1.10	3.07	3.40	4.14	5.00
Quick Ratio (X)	1.10	3.07	3.40	4.14	5.00
Dividend Payout Ratio (NP) (%)	15.98	20.45	14.73	15.95	14.09
Dividend Payout Ratio (CP) (%)	15.61	19.97	14.45	15.62	14.02
Earning Retention Ratio (%)	84.02	79.55	85.27	84.05	85.91
Cash Earning Retention Ratio (%)	84.39	80.03	85.55	84.38	85.98
Interest Coverage Ratio (X)	1.22	1.20	1.24	1.23	1.26
Interest Coverage Ratio (Post Tax) (X)	1.18	1.16	1.19	1.16	1.19
Enterprise Value (Cr.)	262002.07	242411.98	228032.23	201136.44	194563.53
EV / Net Operating Revenue (X)	11.53	12.14	11.47	10.19	11.19
EV / EBITDA (X)	13.26	14.26	12.76	11.10	11.94
MarketCap / Net Operating Revenue (X)	0.79	0.99	1.09	0.60	1.55
Retention Ratios (%)	84.01	79.54	85.26	84.04	85.90
Price / BV (X)	0.66	0.79	1.05	0.65	1.65
Price / Net Operating Revenue (X)	0.79	0.99	1.09	0.60	1.55
EarningsYield	0.15	0.11	0.12	0.20	0.09

LIC Housing Finance Ltd Profitability Ratios (%)

LIC Housing Finance Ltd Liquidity Ratios

LIC Housing Finance Ltd Liquidity Ratios (%)

LIC Housing Finance Ltd Interest Coverage Ratios (%)

LIC Housing Finance Ltd Valuation Ratios

Fair Value

Fair Value: 860.69

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: 8.13% compared to the current price 796

Intrinsic Value: 944.38

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: 18.64% compared to the current price ₹796

Last 5 Year EPS CAGR: 9.72%

*Investments are subject to market risks

Strength and Weakness of LIC Housing Finance Ltd Stock

Unable to fetch valid data for stock valuation.

FAQ

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

The latest fair value of LIC Housing Finance Ltd is ₹860.69.

What is the Market Cap of LIC Housing Finance Ltd?

The Market Cap of LIC Housing Finance Ltd is 43,769 Cr..

What is the current Stock Price of LIC Housing Finance Ltd as on 06 July 2024?

The current stock price of LIC Housing Finance Ltd as on 06 July 2024 is 796.

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

In FY 2024, the High / Low of LIC Housing Finance Ltd stocks is 821/383.

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

The Stock P/E of LIC Housing Finance Ltd is 9.19.

What is the Book Value of LIC Housing Finance Ltd?

The Book Value of LIC Housing Finance Ltd is 572.

What is the Dividend Yield of LIC Housing Finance Ltd?

The Dividend Yield of LIC Housing Finance Ltd is 1.07 %.

What is the ROCE of LIC Housing Finance Ltd?

The ROCE of LIC Housing Finance Ltd is %.

What is the ROE of LIC Housing Finance Ltd?

The ROE of LIC Housing Finance Ltd is 16.2 %.

What is the Face Value of LIC Housing Finance Ltd?

The Face Value of LIC Housing Finance Ltd is 2.00.