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LIC Housing Finance Ltd share Price Today

Company details

646.60
669.95
362.75
683.00
6M Return 39.87%
1Y Return 70.77%
Mkt Cap.(Cr) 35,864.11
Volume 2,802,622
Div Yield 1.39%
OI
-
OI Chg %
-
Volume 2,802,622

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Housing Finance company LIC Housing Finance announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Total disbursements were at Rs 18,232 crore in Q4FY24, as against Rs 16,027 crore for the corresponding period in FY23, up by 14%.
  • Out of this, disbursements in the Individual Home Loan segment were at Rs 14,300 crore against Rs 12,406 crore in Q4FY23,up by 15%, whereas Project loans were at Rs 1,501 crore compared with Rs 1,554 crore in Q4FY23.
  • The company's revenue from operations grew to Rs 6,936.41 crore as against Rs 6,415.11 crore in Q4FY23, a growth of 8%.
  • Net Interest Income (NII) rose by 12% to Rs 2,237.60 crore, as against Rs 1,990.30 crore for the same period the previous year. Net Interest Margin (NIM) for the quarter stood at 3.15% as against 2.93% for Q4FY23.
  • Profit Before Tax for the quarter was Rs 1,476.18 crore as against Rs 1,444.78 crore in Q4FY23, a growth of 2%.
  • Net Profit After Tax stood at Rs 1,090.82 crore compared with Rs 1,180.28 crore during the same period in the previous year.
  • The Individual Home Loan portfolio stood at Rs 2,44,205 crore as on March 31, 2024, as against Rs 2,28,730 crore as on March 31, 2023, up by 7%. The Project loan portfolio stood at Rs 8,036 crore as on March 31, 2024, as against Rs 11,738 crore as on March 31, 2023.
  • The total outstanding portfolio grew at 4 % to Rs 2,86,844 crore from Rs 2,75,047 crore in the earlier year. Under IndAS , asset classification and provisioning changes for future credit loss are reported on an Expected Credit Loss (ECL) basis.
  • As per the same methodology, the provisions for ECL stood at Rs 6,270.06 crore as on March 31, 2024, as against Rs 7,230.26 crore as on March 31, 2023. The Stage 3 Exposure at Default as of March 31, 2024, stood at 3.31% against 4.37% as of March 31, 2023.

FY24 Financial Highlights:

  • For FY24, total disbursements stood at Rs 58,937 crore against Rs 64,115 crore for the same period of the previous year. Out of this, the individual home loan segment registered disbursements of Rs 49,103 crore, as against Rs 53,459 crore for the same period of the previous year, whereas total disbursements under project loans stood at Rs 2,560 crore as against Rs 2,697 crore for the previous fiscal.
  • The company’s revenue from operations stood at Rs 27,228.22 crore as against Rs 22,656.95 crore for the year ended March 31, 2023, up by 20%
  • Net Interest Income (NII) for 12 months was up by 37% to Rs 8,650.89 crore from Rs 6,330.26 crore during the previous year.
  • Profit Before Tax (PBT) for FY 2024 was at Rs 6,053.92 crore against Rs 3,557.00 crore during the previous year, up by 70%.
  • Net Profit After Tax for the year ended March 31, 2024, was Rs 4,765.41 crore as against Rs 2,891.03 crore during the same period in the previous year, up by 65%.
  • Net Interest Margin (NIM) for FY24 stood at 3.08% as against 2.41% for the previous year.
  • Earnings Per Share (EPS) for the full year, FY2024 was at Rs 86.63 per share (Share of Rs 2 Face Value) as against Rs 52.56 in FY23.
  • The Board of Directors have recommended a dividend of 450%.

Speaking on the performance, Tribhuwan Adhikari, Managing Director & Chief Executive Officer of LIC Housing Finance Limited said, “We have seen a healthy uptick across all home loan segments, especially during the latter half of the year. Our focus on reduction in NPA and control over cost of funds have enabled us to close the year with a record high margins and profits. In the coming year , we are confident of further improvement in all areas of operations.”

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LIC Housing Finance Ltd shares SWOT Analysis

Strengths (5)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Increasing Revenue every Quarter for the past 4 Quarters
  • Company with Zero Promoter Pledge

Weakness (2)

  • Red Flag: High Interest Payments Compared to Earnings
  • Declining profits every quarter for the past 3 quarters

Opportunity (3)

  • Companies with current TTM PE Ratio less than 3 Year, 5 Year and 10 Year PE
  • Decrease in Provision in recent results
  • Stock with Low PE (PE < = 10)

Threats (1)

  • Increasing Trend in Non-Core Income

Resistance and support

R1 652.5
R2 660.2
R3 665.3
Pivot

647.35

S1 639.7
S2 634.6
S3 626.9
EMA SMA
642.2
634.5
607.4
554.6
648.7
633.3
617.5
538.5
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-11-14 376.4 367624 NSE
ISHARES CORE EMERGING MARKETS MAURITIUS CO Block Sell 2022-11-14 376.4 367624 NSE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-11-03 366.65 367625 NSE
Name Category Shares
LIFE INSURANCE CORPORATION OF INDIA PROMOTER 45.24%

FINANCIALS

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Operating Profit
Profit after Tax
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Reserves and Surplus
Debt
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Profit after Tax
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LIC Housing Finance Ltd Stocks COMPARISON

Financials( in Cr) LIC Housing Finance Ltd Bajaj Finance Ltd Bajaj Finserv Ltd Jio Financial Services Ltd Indian Railway Finance Corporation Ltd
Price 652.00 6,727.40 1,584.75 357.20 169.00
% Change 3.33 0.71 1 0.95 8.72
Mcap Cr 35,864.11 416,423.37 252,845.12 226,939.30 220,857.75
Revenue TTM Cr 22,662.62 41,398.35 82,071.70 44.84 23,891.95
Net Profit TTM Cr 2,891.03 11,507.69 12,209.54 31.25 6,337.01
PE TTM 7.46 28.85 31.06 143.18 37.49
1 Year Return 70.77 0.23 11.50 43.51 405.23
ROCE 7.59 11.76 12.69 0.03 5.32
ROE 11.17 23.46 28.18 0.02 14.66
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 27,100.34 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 45,096.27 -32,431.93
LAST 3M 105,135.14 -41,239.38
LAST 6M 172,248.08 48,806.90
LAST 12M 264,707.07 127,969.33
LIC Housing Finance Limited - Other General Purpose

May 18, 2024 l NSE Announcement

LIC Housing Finance Limited - Change in Director

May 17, 2024 l NSE Announcement

Board of LIC Housing Finance recommends final dividend

May 16, 2024 l BSE Announcement

Date Action Type Ratio
Aug 18, 2023 Dividend 425
Sep 19, 2022 Dividend 425

LIC Housing Finance Ltd Information

Stock PE (TTM)
7.46
Promoter Holding
45.24%
Book Value
572.2361
ROCE
7.59%
ROE
11.17%
Description
  • LIC Housing Finance Ltd (LICHFL) is one of the largest housing finance companies in India with a key objective of providing long term finance to individuals for the purchase or construction of house/flat for residential purposes in India. LICHFL also provides finance on existing property for business/personal needs and also gives loans to professionals for purchase/construction of Clinics/Nursing Homes/ Diagnostic Centers/ Office Space and also for purchase of equipment. The Company also provides finance to builders and developers engaged in the business of construction of houses or flats for residential purpose and to be sold by them. The Company has 9 regional offices, 24 Back Offices and 282 Marketing Offices across India. It has set up an overseas representative office in Dubai and Kuwait to cater to the non-resident Indians in the GLCC countries covering Bahrain, Dubai, Kuwait, Qatar and Saudi Arabia. LICHFL Asset management Company is the Investment Manager of LICHFL Urban Development Fund, a Venture Capital Fund with focus on mid income housing and Income yielding micro infrastructure assets. The LICHFL Urban Development Fund is sponsored by LIC Housing Finance Limited and co-sponsored by LIC of India. LICHFL Trustee Company Private Limited currently provides Trusteeship services to LICHFL Urban Development Fund managed by LICHFL Asset Management Company Limited. LICHFL Care Homes Limited was established to set up and operate assisted community living centres for Senior Citizens. It has established Care Homes under two Projects in Bengaluru and another one in Bhubaneswar is nearing Completion. LICHFL Care Homes Limited is also developing a Senior Living project at Vasind in collaboration with TATA value Homes Limited. LIC Housing Finance Ltd was incorporated on June 19 1989. The company was promoted by LIC of India and went public in the year 1994. The company is recognized by National Housing Bank and listed on the National Stock Exchange (NSE) & Bombay Stock Exchange Limited (BSE) and its shares are traded only in Demat format. The GDR`s are listed on the Luxembourg Stock Exchange. In the period of 2001, the company launched their new scheme called Griha Vikas. In the year 2002, the company signed a deed of assignment to take over individual housing loan portfolio of Citibank. In the year 2003, they unveiled a new project for elderly people called LICHFL Care Homes. The company launched their maiden GDR issue in the year 2004. Also, they introduced flexi-fixed scheme offering fixed rate of interest for first five years and variable thereafter. In October 2005, the company started offering of `New Griha Laxmi` housing loans against the security of certain approved financial assets like Bank Fixed Deposits, National Savings Certificates and Life Insurance Policies. In the year 2006, the company introduced new Griha Jestha for senior citizens for buying unit of LICHFL Care Homes Ltd. In May 2007, the company launched maiden Fixed Deposit Scheme. In October 31, 2007, the company incorporated LICHFL Financial Services Ltd for undertaking non fund based activities like marketing of housing loans, insurance products, credit card, mutual fund, personal loan etc. In February 2008, they launched reverse mortage for senior citizens above 60 years of age. In February 14, 2008, the company incorporated LICHFL Asset Management Company Private Limited for undertaking the business of managing, advising, administering venture funds, unit trust, investment trust in India as well as abroad. In March 5, 2008, the company incorporated LICHFL Trustee Company Private Limited for undertaking the business of trustees of venture capital trust, funds - in India and offshore fund. In March 12, 2008, they launched a new venture capital fund for realty projects. During the year 2009-10, the company was awarded the `Second Best Home Loan Provider` award by Outlook Profit. During the year 2010-11, the company launched a unique interest rate scheme namely `MINI 5` to cater to housing finance needs of the priority sector population residing in Tier II and Tier III cities. On 6 September 2010, LIC Housing Finance announced that it is applying for a license with the Pension Fund Regulatory Development Authority (PFRDA) to act as Aggregator under the National Pension System (NPS) - Lite. The Board of Directors of LIC Housing Finance at its meeting held on 27 October 2010 approved subdivision of Equity shares of the Company of Rs. 10/- each into 5 equity shares of Rs. 2/- each. In 2011, LIC Housing Finance crossed Rs 50000 crore loan portfolio milestone. On 21 March 2012, LIC Housing Finance completed allotment of 3 crore equity shares to LIC of India, the promoter of the company, on preferential allotment basis at issue price of Rs 270 per share. In 2013, the company crossed Rs 1000 crore profit and Rs 75000 crore assets mark. In 2015, the company crossed Rs 1 lakh crore loan portfolio mark. The Board of Directors of LIC Housing Finance at its meeting held on 15 December 2015 approved the proposal to acquire upto 19.3% in the paid up Equity Share Capital of LIC Nomura Mutual Fund Asset Management Company Limited from Nomura Asset Management Strategic Investment Pte Ltd for a consideration not exceeding Rs 27.36 crore and upto 19.3% in the paid up Equity Share Capital of LIC Nomura Mutual Fund Trustee Company Private Ltd. for a consideration not exceeding Rs 1.52 lakh. In 2017, LIC Housing Finance crossed Rs 1.5 lakh crore assets mark. In year 2020-21, the Company infused three tranches of Tier 2 capital through a capital infusion of Rs. 1,800 crore. During the year 2021-22, opening of 2 new offices were initiated and 2565 of new Marketing Intermediaries were recruited to further strengthen the distribution network. As on March 31, 2022, the Company has 4 Subsidiaries namely, LICHFL Care Homes Limited, LICHFL Asset Management Company Limited, LICHFL Trustee Company Private Limited and LICHFL Financial Services Limited. In 2022-23, the Company opened 50 new Area Offices pan-India and expanded to 23 States and 4 Union Territories, along with a representative office in Dubai, UAE. The number of branches increased to 314. During the FY 2022-23, the Company completed a project at Bangalore in two Phases and Jeevan Anand Project at Bhubaneswar. It launched a new Alternative Investment Fund (AIF) namely LICHFL Housing & Infrastructure Fund (LHIF), with a total corpus of Rs 1000 crore including Green Shoe Option (GSO) of Rs 250 crore. The Company registered a New Fund with SEBI - LICHFL Real Estate Debt Opportunities Fund - I on 30th March, 2021 under AIF Category II of SEBI Alternate Investment Fund Regulations 2012 (AIF). In 2023, LIC Housing Finance Company crossed Rs 2.75 lakh Crore with a Loan Portfolio. The Individual Housing Loan grew by 12% YoY, from Rs 2.04 lakhs crore in FY 2021-22 to Rs 2.29 lakhs crore in FY 2022-23. The revenue from operations was Rs 22,656.95 crore for FY 2022-23, compared to Rs 19,919.07 crore for FY 2021-22. As of 31st March, 2023, LICHFL`s individual housing loan book represented 83.16% of the total retail portfolio. The project loans sanctioned and disbursed by the Company during the year were amounting to Rs 3,097 crore and Rs 2,697 crore respectively.

Registered Address

Bombay Life Building 2nd Floor, 45/47 Veer Nariman Road, Mumbai, Maharashtra, 400001

Tel : 91-22-22040006/22049682/22049919
Email : lichousing:lichousing.com, nitin_jage:lichousing.c
Website : http://www.lichousing.com
Registrar

Sharex Dynamic (India) Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 500253
NSE Code : LICHSGFIN
Book Closure Date (Month) : Aug
BSE Group : A
ISIN : INE115A01026

FAQ’s on LIC Housing Finance Ltd Shares

You can buy LIC Housing Finance Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy LIC Housing Finance Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 17, 2024 03:57 PM the closing price of LIC Housing Finance Ltd was Rs.652.00.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 17, 2024 03:57 PM, the market cap of LIC Housing Finance Ltd stood at Rs. 35,864.11.

The latest PE ratio of LIC Housing Finance Ltd as of May 17, 2024 03:57 PM is 7.46

The latest PB ratio of LIC Housing Finance Ltd as of May 17, 2024 03:57 PM is 0.88

The 52-week high of LIC Housing Finance Ltd share price is Rs. 683.00 while the 52-week low is Rs. 362.75

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