LIC Housing Finance Ltd

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NSEBSE

650.20-8.95 (-1.36%)

03:09 PM,27th Feb 2024

648.50-11.15 (-1.69%)

03:18 PM,27th Feb 2024

BSE : 500253

NSE : LICHSGFIN

Sector : Financials

ISIN Code : INE115A01026

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Last Updated: Feb 27 2024 | 03:18 PM IST

Market Cap (₹ Cr)

35764

Turnover (₹ Cr)

17.88

Volume (Shares)

2750097

Face Value

2

52-WK High

669.80

52-WK High Date

07 Feb 2024

52-WK Low

315.10

52-WK Low Date

28 Mar 2023

All Time High

794.00

All Time High Date

20 Jun 2017

All Time Low

4.70

All Time Low Date

03 May 2000

LIC Housing Finance Ltd

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. 1800 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 22656.95 crore for FY2022-23 compared to Rs 19919.07 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 3097 crore and Rs 2697 crore respectively.

LIC Housing Finance Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

35764

EPS - TTM (₹) [S]

88.26

P/E Ratio (X) [S]

1.23

Face Value (₹) 2
Latest Dividend (%)425.00
Latest Dividend Date 18 Aug 2023
Dividend Yield (%) 1.29
Book Value Share (₹) [S]529.76
P/B Ratio (₹) [S]1.23
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Union Liquid Fund (IDCW-D) 24.64 250000000 0.80
Union Liquid Fund - Direct (IDCW-Frt) 24.64 250000000 0.80
Union Liquid Fund (IDCW-M) 24.64 250000000 0.80
Union Liquid Fund (IDCW-W) 24.64 250000000 0.80
Union Liquid Fund - Direct (IDCW-D) 24.64 250000000 0.80
Union Liquid Fund - Direct (IDCW-W) 24.64 250000000 0.80
Union Liquid Fund - Direct (IDCW-M) 24.64 250000000 0.80
Union Liquid Fund - Direct (G) 24.64 250000000 0.80
Union Liquid Fund (G) 24.64 250000000 0.80
Union Liquid Fund (IDCW-Frt) 24.64 250000000 0.80

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Research Reports

Date BrokerActionPrices(Rs)Report
06-11-2023Prabhudas Lilladher Hold 449
07-08-2023Prabhudas Lilladher Hold 427

Stock Strength

Today's Low/High

645.00

666.10

Week Low/High

626.65

666.10

Month Low/High

567.05

670.00

Year Low/High

315.10

670.00

All time Low/High

4.40

794.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week1.76%1.76%0.000.04%
1 Month12.32%12.26%3.334.00%
3 Month43.07%43.01%10.7412.18%
6 Month55.81%55.83%12.5915.26%
1 Year85.51%85.51%23.2227.67%
3 Year51.35%51.39%48.7952.84%

Company Info

Company Information

Non-Exec. & Independent Dir. : V K Kukreja

Non-Exec. & Independent Dir. : Ameet N Patel.

Non-Exec. & Independent Dir. : Dharmendra Bhandari

Non-Exec. & Independent Dir. : P Koteshwara Rao

Chairman (Non-Executive) : M R Kumar

Non-Exec. & Independent Dir. : Kashi Prasad Khandelwal

Independent Director : Sanjay Kumar Khemani

Director : Akshay Rout

Managing Director & CEO : Y Viswanatha Gowd

Independent Director : J Jayanthi

Company Sec. & Compli. Officer : Varsha Hardasani

Addtnl Independent Director : Ravi Krishan Takkar

Whole Time Director & COO : Ashwani Ghai

Chairman & Additional Director : Siddhartha Mohanty

Additional Director : Jagannath Mukkavilli

Registered Office: Bombay Life Building 2nd Floor, 45/47 Veer Nariman Road,Mumbai,Maharashtra-400001 Ph: 91-22-22040006/22049682/22049919

Email:lichousing@lichousing.com

URL:http://www.lichousing.com