GIC Housing Finance Ltd

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NSEBSE

232.75-1.45 (-0.62%)

03:53 PM,4th Mar 2024

232.65-1.55 (-0.66%)

04:01 PM,4th Mar 2024

BSE : 511676

NSE : GICHSGFIN

Sector : Financials

ISIN Code : INE289B01019

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Last Updated: Mar 04 2024 | 04:01 PM IST

Market Cap (₹ Cr)

1253

Turnover (₹ Cr)

0.38

Volume (Shares)

163076

Face Value

10

52-WK High

292.40

52-WK High Date

02 Feb 2024

52-WK Low

144.50

52-WK Low Date

28 Mar 2023

All Time High

623.40

All Time High Date

20 Jun 2017

All Time Low

4.59

All Time Low Date

11 Sep 2001

GIC Housing Finance Ltd

GIC Housing Finance Ltd is a subsidiary of General Insurance Corporation of India. The company is engaged in the housing finance activity. They operate in the retail loan segment. They provide loans to individuals and to persons/ entities engaged in construction of houses/ flats for residential purposes. As on 31 March 2019 the company had 75 offices spread across the country. They have got a strong marketing team which is further assisted by Sales Associates (SAs). They have tie-ups with builders to provide finance to individual borrowers. The company also has tie-ups with corporates for various housing finance needs.GIC Housing Finance Ltd was incorporated on December 12 1989 with the name GIC Grih Vitta Ltd. The company was formed with the objective of entering in the field of direct lending to individuals and other corporates to accelerate the housing activities in India.The company was promoted by General Insurance Corporation of India and their erstwhile subsidiaries namely National Insurance Company Ltd The New India Assurance Company Ltd The Oriental Insurance Company Ltd and United India Insurance Company Ltd together with erstwhile UTI ICICI IFCI HDFC and SBI all of them contributing to the initial share capital. HDFC SBI ICICI and SUUTI sold off their holding in the company and ceased to be the promoters of the company.During the year 1989-91 the company started their operations in 8 locations. During the year 1991-92 they launched Employee and Builder Scheme Housing Scheme. During the year 1992-93 the name of the company was changed from GIC Grih Vitta Ltd to GIC Housing Finance Ltd with effect from November 16 1993.During the year 1994-95 the company started new services centres in Navi Mumbai Vizag and Coimbatore. During the year 1996-97 they started the process of branch interlinking and computerization. During the year 2000-01 the company opened a service centre at Madurai in Tamilnadu. During the year 2001-02 they opened three service centres at Trichy (Tamil Nadu) Thane (Mumbai) and Noida (Delhi).During the year 2009-10 the company opened their branches in tier two cities namely Baroda Nagpur and Nasik. With this the total number of branches as on 31st March 2010 stood at 27. They sanctioned Rs 77757 lakh under 'Apna Ghar Yojana' during the year. The company had taken 'Special Contingency Insurance' with The New India Assurance Company Ltd which covers Accidental Insurance and Mortgaged property Insurance of the borrowers of the company. Also the company made a tie up with Kotak Mahindra Old Mutual Life Insurance Ltd for getting insurance cover on the life of the borrower to the extent of the 'outstanding home Loan'.In December 2010 the company sold their investments in LIC Mutual Fund Asset Management Company Ltd and LIC Mutual Fund Trustee Company Pvt Ltd.During the year ended 31 March 2014 GIC Housing Finance opened its branches at Patna (Bihar) Ahmedabad (Gujarat) Yelahanka (Bangalore Karnataka) Chandanagar (Hyderabad Andhra Pradesh) Kalyan & Borivali (Maharashtra) and Dehradun (Uttarakhand).During the year ended 31 March 2015 GIC Housing Finance opened its branches at Meerut (Uttar Pradesh) Boisar (Maharashtra) Ghaziabad (Uttar Pradesh) Margao (Goa) Dwarka (Delhi) Electronic City (Bengaluru) Garia (Kolkata) and Hadapsar (Maharashtra).During the year ended 31 March 2016 GIC Housing Finance opened its branches at Greater Noida (Uttar Pradesh) Raipur (Chhattisgarh) Vijayawada (Andhra Pradesh) Vasai (Maharashtra) and Patiala (Punjab).During the year ended 31 March 2017 GIC Housing Finance opened its branches at Pitampura (Delhi) Hinjewadi (Maharashtra) Barasat (West Bengal) Mangalore (Karnataka) and Guwahati (Assam). During the year ended 31 March 2018 GIC Housing Finance opened its branches at Kozhikode (Kerala) Nellore (Andhra Pradesh) Whitefield (Karnataka) Hubli (Karnataka) and Siliguri (West Bengal).During the year 2019 the Company has opened its Branches at Thrissur (Kerala) Surat (Gujarat) Suchitra (Hyderabad) Kengari (Karnataka) and Varanasi (Uttar Pradesh).

GIC Housing Finance Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

1253

EPS - TTM (₹) [S]

27.83

P/E Ratio (X) [S]

0.72

Face Value (₹) 10
Latest Dividend (%)45.00
Latest Dividend Date 25 Aug 2023
Dividend Yield (%) 1.92
Book Value Share (₹) [S]322.64
P/B Ratio (₹) [S]0.72
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Tata Liquid Fund - Direct (G) 245.44 5000 0.89
Tata Liquid Fund - Direct (IDCW-D) 245.44 5000 0.89
Tata Liquid Fund - Regular (IDCW-D) 245.44 5000 0.89
Tata Liquid Fund - Regular (G) 245.44 5000 0.89
Aditya Birla SL Medium Term Plan (IDCW) 34.91 3500 1.85
Aditya Birla SL Medium Term Plan - Direct (G) 34.91 3500 1.85
Aditya Birla SL Medium Term Plan - Direct (IDCW-H) 34.91 3500 1.85
Aditya Birla SL Medium Term Plan - Direct (IDCW-Q) 34.91 3500 1.85
Aditya Birla SL Medium Term Plan - Direct (IDCW) 34.91 3500 1.85
Aditya Birla SL Medium Term Plan (G) 34.91 3500 1.85

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Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

231.20

235.95

Week Low/High

223.10

247.00

Month Low/High

223.10

292.00

Year Low/High

144.50

292.00

All time Low/High

4.79

623.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-2.72%-2.72%1.491.28%
1 Month-17.68%-17.51%2.482.52%
3 Month13.15%13.12%7.278.31%
6 Month25.81%25.88%12.5614.73%
1 Year36.51%36.27%23.5127.35%
3 Year65.13%65.13%45.2948.57%

Company Info

Company Information

Chairman & Non Executive Dir. : Devesh Srivastava

Non Executive Director : Suchita Gupta

Non Executive Director : Satyajit Tripathy

Non Executive Director : Neerja Kapur

Non Executive Director : Hitesh Joshi

Independent Non Exe. Director : N S R Chandraprasad

Independent Non Exe. Director : AJIT KUMAR SAXENA

Independent Non Exe. Director : Rani Singh Nair

Independent Non Exe. Director : Vaijinath Gavarshetty

Independent Non Exe. Director : Kishore Garimella

Independent Non Exe. Director : S. J. Krishnan

Independent Director : Neelam Damodharan

Managing Director & CEO : Paul Lobo

Independent Director : Sunil Kakar

Non Executive Director : RASHMI RAMAN SINGH

Chairman & Additional Director : N. Ramaswamy

Director : Rajeshwari Singh Muni

Registered Office: Royal Insurance Build 6th Flr, 14 Jamshedji Tata Rd Churchgat,Mumbai,Maharashtra-400020 Ph: 91-22-2285 1765(5 Lines)

Email:corporate@gichf.com

URL:http://www.gichfindia.com