LIC Housing Finance Ltd
LIC Housing Finance Ltd
Financial Services F&OKey Fundamentals
SmallcapHousing FinanceFinancial ServicesInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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19 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
1- Stock is trading at 0.67 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
AI Analysis — Bull vs Bear
LIC Housing Finance Ltd trades at a P/E of 4.9x and 0.68x book value with a market cap of ₹28,359 crore. The company reported FY25 PAT of ₹5,429 crore on a loan portfolio of ₹3,07,732 crore with NIM of 2.73%, while sales growth has been muted at ~7-8% CAGR over recent years and the stock has delivered flat returns over a decade.
- Stock trades at just 0.68x price-to-book value, a significant discount to the housing finance sector average, suggesting deep value if asset quality holds
- P/E of 4.9x is extremely low for a financial services company with consistent profitability, offering a wide margin of safety
- Compounded profit growth of 25% over 3 years demonstrates strong earnings recovery from the NPA cycle
- Net NPA improved from 1.63% in FY24 to 1.22% in FY25, with GNPA declining from 3.31% to 2.46%, showing clear asset quality improvement trajectory
- Capital Adequacy Ratio of 23.20% in FY25 is well above the regulatory minimum of 15%, providing a strong buffer for growth
- Net worth grew to ₹34,538 crore in FY25 from ₹29,276 crore in FY24, a healthy 18% increase year-on-year
- Dividend yield of 1.95% provides steady income in a low-growth environment
- ROE has remained steady at 14-15% over 3, 5, and 10-year periods, indicating consistent return generation on equity
- Sales growth has been a poor 7.46% CAGR over five years, significantly lagging peers in the housing finance space
- Loan portfolio grew only 4% YoY to ₹3,20,707 crore in FY26, suggesting market share erosion amid intense bank competition
- Stock has delivered 0% CAGR over 10 years and negative 12% return over the last 1 year, reflecting persistent market scepticism
- Low interest coverage ratio indicates vulnerability to margin compression in a competitive lending environment
- Company might be capitalizing interest cost, which could overstate reported profitability and asset values
- NIM declined from 3.08% in FY24 to 2.73% in FY25, a 35 bps compression reflecting competitive pricing pressure
- Balance transfer outflows remain elevated as banks aggressively poach prime home loan customers with lower rates
- TTM sales growth has dropped to 0%, indicating near-term revenue stagnation despite a growing housing market
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Q1FY27 PAT up 9.4% Jul 30
Net profit rose 9.4% YoY to ₹1,488.32 crore in Q1FY27. Total disbursements grew 14.5% to ₹15,014 crore, driven by project loans.
- FY26 PAT up, loan book ₹3.20L Cr Aug 4
FY26 PAT reached ₹5,595 crore, up 3% YoY. Total loan portfolio crossed ₹3.20 lakh crore with board recommending 500% dividend (₹10/share).
- ₹55,000 Cr NCD issuance approved Aug 4
37th AGM on August 28, 2026 to approve ₹55,000 crore NCD issuance limit, signaling confidence in growth funding and balance sheet expansion.
- Q1FY27 call transcript uploaded Aug 5
LIC Housing Finance uploaded Q1FY27 earnings conference call transcript on its website per SEBI LODR regulations.
- Earnings call scheduled Jul 31 Jul 28
Company hosted earnings call on July 31, 2026 at 11:30 AM IST to discuss Q1FY27 unaudited financial results.
- New CS appointed at subsidiary Aug 1
Varsha Hardasani appointed Company Secretary of subsidiary LICHFL Care Homes Limited effective August 1, 2026, held as additional charge.
TL;DR: LIC Housing Finance is delivering steady earnings growth with Q1FY27 PAT up 9.4% and disbursements growing 14.5%, while FY26 closed with a ₹3.20 lakh crore loan book. The generous ₹10/share dividend and ₹55,000 crore NCD authority signal management confidence. No material headwinds are visible in recent news flow. The trend is positive with improving disbursement momentum, though investors should watch for margin pressure if borrowing costs rise on the large NCD program.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6,759 | 6,765 | 6,804 | 6,948 | 6,797 | 6,938 | 7,070 | 7,303 | 7,186 | 7,179 | 7,206 | 7,094 | 7,083 |
| Expenses | 602 | 670 | 686 | 800 | 392 | 372 | 297 | 546 | 410 | 450 | 474 | 346 | 210 |
| Financing Profit | 1,664 | 1,496 | 1,473 | 1,500 | 1,656 | 1,687 | 1,823 | 1,806 | 1,729 | 1,735 | 1,790 | 1,962 | 1,926 |
| Fin. Margin % | 25% | 22% | 22% | 22% | 24% | 24% | 26% | 25% | 24% | 24% | 25% | 28% | 27% |
| Other Income | 0 | 0 | 0 | 0 | 2 | 2 | 1 | 0 | 0 | 1 | 6 | 2 | 5 |
| Interest | 4,493 | 4,600 | 4,646 | 4,649 | 4,749 | 4,879 | 4,950 | 4,951 | 5,047 | 4,994 | 4,942 | 4,786 | 4,946 |
| Depreciation | 19 | 13 | 18 | 18 | 22 | 24 | 25 | 26 | 25 | 32 | 34 | 31 | 30 |
| PBT | 1,645 | 1,483 | 1,454 | 1,482 | 1,635 | 1,665 | 1,798 | 1,780 | 1,705 | 1,703 | 1,762 | 1,933 | 1,901 |
| Tax % | 20% | 20% | 20% | 27% | 20% | 20% | 20% | 23% | 20% | 21% | 21% | 23% | 21% |
| Net Profit | 1,319 | 1,192 | 1,169 | 1,082 | 1,306 | 1,328 | 1,435 | 1,374 | 1,364 | 1,349 | 1,398 | 1,493 | 1,499 |
| EPS in Rs | 23.98 | 21.67 | 21.25 | 19.66 | 23.75 | 24.14 | 26.09 | 24.97 | 24.8 | 24.53 | 25.42 | 27.13 | 27.25 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 10,812 | 12,491 | 14,092 | 14,876 | 17,398 | 19,740 | 19,886 | 19,978 | 22,717 | 27,277 | 28,098 | 28,838 | 28,562 |
| Expenses | 390 | 611 | 887 | 940 | 1,104 | 1,592 | 2,012 | 3,012 | 2,964 | 2,756 | 1,595 | 1,851 | 1,481 |
| Financing Profit | 2,112 | 2,573 | 2,974 | 2,792 | 3,404 | 3,367 | 3,423 | 2,815 | 3,618 | 6,133 | 6,971 | 7,216 | 7,413 |
| Fin. Margin % | 20% | 21% | 21% | 19% | 20% | 17% | 17% | 14% | 16% | 22% | 25% | 25% | 26% |
| Other Income | 17 | 12 | 9 | 0 | 0 | -33 | -5 | 27 | 11 | 4 | 6 | 9 | 14 |
| Interest | 8,310 | 9,307 | 10,231 | 11,144 | 12,891 | 14,781 | 14,450 | 14,151 | 16,135 | 18,388 | 19,532 | 19,771 | 19,669 |
| Depreciation | 10 | 10 | 10 | 10 | 12 | 51 | 52 | 55 | 69 | 69 | 98 | 122 | 127 |
| 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 | 7,300 |
| 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 | 5,739 |
| 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 | 104 |
| Div. Payout % | 18% | 17% | 16% | 17% | 16% | 17% | 16% | 20% | 16% | 10% | 10% | 10% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 | 6,940 | 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 | 3,14,018 | 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 | 6,941 | 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 | 3,06,647 | 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 | 3,14,018 | 3,25,213 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -14,345 | -13,039 | -14,273 | -18,977 | -21,538 | -14,738 | -11,324 | -16,729 | -19,632 | -7,151 | -16,978 | -8,504 |
| Investing | -58 | -58 | -278 | 1,368 | -1,642 | -1,851 | 858 | -1,629 | -800 | 587 | -679 | 1,752 |
| Financing | 14,232 | 14,098 | 15,072 | 18,074 | 24,068 | 15,156 | 10,428 | 17,850 | 20,249 | 7,346 | 17,534 | 6,192 |
| Net Cash Flow | -171 | 1,001 | 521 | 465 | 887 | -1,434 | -37 | -508 | -183 | 781 | -123 | -560 |
| Free Cash Flow | -14,364 | -13,062 | -14,288 | -19,012 | -21,588 | -14,752 | -11,334 | -16,765 | -19,673 | -7,188 | -17,051 | -8,556 |
| CFO/OP | -132 | -104 | -100 | -129 | -126 | -76 | -60 | -92 | -94 | -23 | -60 | -27 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 18% | 20% | 19% | 16% | 16% | 14% | 14% | 10% | 11% | 16% | 16% | 14% |
Documents
Frequently Asked Questions about LIC Housing Finance Ltd
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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)