LIC Housing Finance Ltd logo

LIC Housing Finance Ltd

LICHSGFIN NSE

LIC Housing Finance Limited is a housing finance company registered with National Housing Bank (NHB) and is mainly engaged in financing purchase / construction of residential flats / houses to individuals and project finance to developers, Loan against Property (LAP), Lease Rental Discounting (LRD)for commercial properties as well as purchase of commercial shops/showrooms. etc.(Source : 201903 Annual Report Page No: 36 and 50)

AI Verdict: HOLD Confidence: 5%

LIC Housing Finance trades at a compelling 0.73x book value and 5.4x PE, suggesting deep value. However, sluggish sales growth of just 3% TTM, low interest coverage, and potential interest cost capitalization warrant caution before aggressive accumulation.

Key Fundamentals

SmallcapHousing FinanceFinancial Services
Market Cap
₹30,435 Cr
Volatility
Moderate
P/E Ratio
5.4
EBITDA
₹26,986 Cr
Return on Equity
15.12%
Debt to Equity
7.72
Book Value
₹753.17
EPS
₹86.33
52W High
₹646.5
52W Low
₹458.9

Technical Indicators

Key Insights

Strengths

1
  • Stock is trading at 0.73 times its book value

Weaknesses

3
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 7.72% over past five years.
  • Company might be capitalizing the interest cost

Growth Rate

Revenue Growth
2.58% ↗
Net Income Growth
2.97% ↘
Cash Flow Change
-132.25% ↘
ROE
-1.06% ↘
ROCE
1.05% ↗
EBITDA Margin (Avg.)
-0.77% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2d ago
HOLD
Risk medium

LIC Housing Finance trades at a compelling 0.73x book value and 5.4x PE, suggesting deep value. However, sluggish sales growth of just 3% TTM, low interest coverage, and potential interest cost capitalization warrant caution before aggressive accumulation.

Bull Case 8
  • Trading at 0.73x price-to-book value, a significant discount to book offering deep value entry for patient investors
  • PE ratio of 5.4x is extremely cheap relative to financial services sector median of 15-20x, implying substantial re-rating potential
  • Compounded profit growth of 25% over 3 years demonstrates improving earnings trajectory despite muted topline
  • Dividend yield of 1.82% provides income support while waiting for capital appreciation
  • 3-year ROE of 15% indicates reasonable capital efficiency for a housing finance company
  • 46% of analysts (12 out of 26) rate the stock a Buy, reflecting moderate institutional confidence
  • Market cap of Rs 30,336 crore provides adequate liquidity and index representation for institutional participation
  • 10-year compounded profit CAGR of 13% shows long-term earnings compounding ability despite cyclical headwinds
Bear Case 8
  • TTM sales growth of just 3% signals stagnating loan book expansion in a competitive housing finance market
  • Low interest coverage ratio raises concerns about debt servicing ability amid rising rate environment
  • Potential capitalization of interest costs suggests reported profits may overstate true economic earnings
  • 1-year stock CAGR of -8% indicates negative market sentiment and underperformance versus broader indices
  • 5-year stock CAGR of only 3% significantly lags fixed deposit returns, destroying opportunity cost for shareholders
  • 10-year stock CAGR of just 1% reflects persistent structural de-rating over a full market cycle
  • 15.38% of analysts (4 out of 26) recommend selling, a notable bearish minority for a large-cap NBFC
  • 5-year compounded sales growth of only 8% trails industry leader HDFC's historical growth rates of 15%+, suggesting market share erosion

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 14h ago
Neutral 1
  • No share encumbrance in FY26 Jun 6

    LIC Housing Finance confirmed no new encumbrance on shares for FY26, with disclosure made to stock exchanges on April 2, 2026.

TL;DR: Limited news flow for LIC Housing Finance with only a routine regulatory disclosure confirming no share encumbrance in FY26. No material headwinds or positive catalysts are visible from recent coverage. The absence of negative news is mildly reassuring, but the lack of growth-oriented developments leaves the near-term outlook data-dependent on upcoming quarterly results.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue
6,431
6,759
6,765
6,804
6,948
6,797
6,938
7,070
7,303
7,250
7,179
7,206
7,212
Expenses
582
602
670
686
800
392
372
297
546
475
450
474
463
Financing Profit
1,472
1,664
1,496
1,473
1,500
1,656
1,687
1,823
1,806
1,729
1,735
1,790
1,962
Fin. Margin %
23%
25%
22%
22%
22%
24%
24%
26%
25%
24%
24%
25%
27%
Other Income
0
0
0
0
0
2
2
1
0
0
1
6
2
Interest
4,378
4,493
4,600
4,646
4,649
4,749
4,879
4,950
4,951
5,046
4,994
4,942
4,786
Depreciation
19
19
13
18
18
22
24
25
26
25
32
34
31
PBT
1,453
1,645
1,483
1,454
1,482
1,635
1,665
1,798
1,780
1,705
1,703
1,762
1,933
Tax %
18%
20%
20%
20%
27%
20%
20%
20%
23%
20%
21%
21%
23%
Net Profit
1,191
1,319
1,192
1,169
1,082
1,306
1,328
1,435
1,374
1,364
1,349
1,398
1,493
EPS in Rs
21.65
23.98
21.67
21.25
19.66
23.75
24.14
26.09
24.97
24.8
24.53
25.42
27.13
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue
10,812
12,491
14,092
14,876
17,398
19,740
19,886
19,978
22,717
27,277
28,111
28,837
Expenses
390
611
887
940
1,104
1,592
2,012
3,012
2,964
2,756
1,609
1,851
Financing Profit
2,112
2,573
2,974
2,792
3,404
3,367
3,423
2,815
3,618
6,133
6,974
7,215
Fin. Margin %
20%
21%
21%
19%
20%
17%
17%
14%
16%
22%
25%
25%
Other Income
17
12
9
0
0
-33
-5
27
11
4
3
10
Interest
8,310
9,307
10,231
11,144
12,891
14,781
14,450
14,151
16,135
18,388
19,528
19,771
Depreciation
10
10
10
10
12
51
52
55
69
69
98
122
PBT
2,119
2,575
2,973
2,782
3,392
3,282
3,365
2,787
3,561
6,068
6,879
7,103
Tax %
34%
35%
35%
28%
28%
27%
19%
18%
19%
22%
21%
21%
Net Profit
1,396
1,668
1,942
2,008
2,434
2,404
2,741
2,286
2,891
4,763
5,443
5,604
EPS in Rs
27.65
33.05
38.49
39.79
48.23
47.62
54.31
41.55
52.55
86.59
98.94
102
Div. Payout %
18%
17%
16%
17%
16%
17%
16%
20%
16%
10%
10%
10%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
101
101
101
101
101
101
101
110
110
110
110
110
Reserves
7,779
9,114
11,055
14,210
16,230
18,164
20,500
24,641
27,075
31,367
36,242
41,319
Borrowing
96,532
1,10,931
1,26,337
1,50,913
1,70,657
1,91,428
2,07,925
2,23,757
2,44,913
2,52,618
2,70,726
2,77,539
Other Liabilities
8,218
10,441
13,504
6,004
13,719
7,227
7,195
6,179
6,461
7,198
6,963
6,245
Total Liabilities
1,12,630
1,30,587
1,50,997
1,71,228
2,00,707
2,16,920
2,35,721
2,54,687
2,78,559
2,91,293
3,14,040
3,25,213
Fixed Assets
90
102
102
129
168
294
282
315
388
389
377
416
CWIP
0
0
5
3
2
3
6
4
1
0
52
0
Investments
241
280
537
2,008
3,617
5,485
4,644
6,279
7,050
6,337
7,201
5,132
Other Assets
1,12,298
1,30,204
1,50,352
1,69,088
1,96,920
2,11,138
2,30,789
2,48,088
2,71,120
2,84,567
3,06,411
3,19,664
Total Assets
1,12,630
1,30,587
1,50,997
1,71,228
2,00,707
2,16,920
2,35,721
2,54,687
2,78,559
2,91,293
3,14,040
3,25,213
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-14,345
-13,039
-14,273
-18,977
-21,538
-14,738
-11,324
-16,729
-19,632
-7,151
-16,609
-8,504
Investing
-58
-58
-278
1,368
-1,642
-1,851
858
-1,629
-800
587
-939
1,752
Financing
14,232
14,098
15,072
18,074
24,068
15,156
10,428
17,850
20,249
7,346
17,413
6,192
Net Cash Flow
-171
1,001
521
465
887
-1,434
-37
-508
-183
781
-134
-560
Free Cash Flow
-14,364
-13,062
-14,288
-19,012
-21,588
-14,752
-11,334
-16,765
-19,673
-7,188
-16,682
-8,556
CFO/OP
-132
-104
-100
-129
-126
-76
-60
-92
-94
-23
-58
-27
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
18%
20%
19%
16%
16%
14%
14%
10%
11%
16%
16%
14%

Shareholding Pattern

As of Mar 2026
Promoters 45.24%
FIIs 21.39%
DIIs 20.89%
Public 9.98%
Others 2.50%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
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%
45.24%
45.24%
45.24%
45.24%
45.24%
45.24%
45.24%
45.24%
45.24%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
22.59%
23.19%
21.95%
21.23%
21.55%
20.26%
20.17%
20.36%
21.39%
DIIs
16.56%
15.25%
14.80%
14.74%
16.16%
19.09%
20.61%
22.74%
24.18%
24.83%
21.36%
21.66%
21.99%
21.22%
20.52%
21.45%
21.34%
22.20%
22.14%
21.81%
20.89%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
10.06%
10.54%
11.10%
12.01%
12.64%
12.37%
10.30%
10.29%
10.60%
10.19%
9.64%
8.78%
8.13%
8.29%
9.93%
9.77%
9.60%
9.94%
9.86%
10.09%
9.98%
Others
33.07%
33.90%
28.86%
28.01%
25.96%
23.30%
23.85%
21.73%
19.98%
19.74%
23.76%
24.32%
2.05%
2.06%
2.36%
2.31%
2.27%
2.36%
2.59%
2.51%
2.50%
No. of Shareholders
0
2,96,570
3,23,148
3,84,414
4,16,146
4,52,133
4,42,359
3,77,701
3,62,974
3,49,173
3,24,814
3,05,862
2,97,899
3,03,961
3,61,857
3,66,899
3,64,182
3,64,388
3,58,982
3,52,873
3,47,941

Documents

Frequently Asked Questions about LIC Housing Finance Ltd

What does LIC Housing Finance Ltd do?
LIC Housing Finance Limited is a housing finance company registered with National Housing Bank (NHB) and is mainly engaged in financing purchase / construction of residential flats / houses to individuals and project finance to developers, Loan against Property (LAP), Lease Rental Discounting (L...
Where is LIC Housing Finance Ltd (LICHSGFIN) listed?
LIC Housing Finance Ltd is listed on the Indian stock exchanges. It is listed on NSE: LICHSGFIN and BSE: 500253. You can view its live share price, financials, and ratios on Tapetide.
Which sector does LIC Housing Finance Ltd belong to?
LIC Housing Finance Ltd operates in the Financial Services sector within the Finance industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of LIC Housing Finance Ltd?
LIC Housing Finance Ltd has a market capitalisation of approximately ₹30434.99 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of LIC Housing Finance Ltd?
The Price-to-Earnings (PE) ratio of LIC Housing Finance Ltd is 5.40. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of LIC Housing Finance Ltd?
Over the past 52 weeks, LIC Housing Finance Ltd has traded between a low of ₹458.9 and a high of ₹646.5. This range helps investors understand the stock's price volatility and recent trading levels.
Does LIC Housing Finance Ltd pay dividends?
Yes, LIC Housing Finance Ltd has a dividend yield of 1.82%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of LIC Housing Finance Ltd?
LIC Housing Finance Ltd has a Return on Equity (ROE) of 15.12%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research LIC Housing Finance Ltd on Tapetide?
On Tapetide, you can view LIC Housing Finance Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

LIC Housing Finance Limited is a housing finance company registered with National Housing Bank (NHB) and is mainly engaged in financing purchase / construction of residential flats / houses to individuals and project finance to developers, Loan against Property (LAP), Lease Rental Discounting (LRD)for commercial properties as well as purchase of commercial shops/showrooms. etc.(Source : 201903 Annual Report Page No: 36 and 50)

Website lichousing.com
CEO Mr. Tribhuwan Adhikari
Employees 2,352
Listed 1998-07-29
Face Value ₹ 2
Issued Size 55,00,63,000

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