LIC Housing Finance logo

LIC Housing Finance

LICHSGFIN NSE

Key Fundamentals

SmallcapHousing FinanceFinancial Services
Market Cap
₹30,828 Cr
Volatility
Moderate
P/E Ratio
5.4
EBITDA
₹26,992 Cr
Return on Equity
13.53%
Debt to Equity
7.05
Book Value
₹753.17
EPS
₹86.33
52W High
₹598.2
52W Low
₹458.9

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

1
  • Stock is trading at 0.75 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
2.64% lower than 3Y
Net Income Growth
2.97% lower than 3Y
Cash Flow Change
49.91% higher than 3Y
ROE
-9.62% lower than 3Y
ROCE
-3.01% lower than 3Y
EBITDA Margin (Avg.)
-0.8% lower than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2d ago
AI opinion · based on fundamentals
Risk medium

LIC Housing Finance Ltd trades at a market cap of ₹30,828 Cr with a P/E of 5.2x and P/B of 0.71x, both well below sector averages for housing finance companies. The company has delivered 25% compounded profit growth over 3 years but sales growth has been tepid at 8% CAGR over the same period, and TTM revenue growth has stalled at 0%.

Bull Case 8
  • Trades at a P/B of just 0.71x, meaning the stock is available below its book value — a rare valuation for a profitable housing finance company
  • P/E ratio of 5.2x is significantly below the housing finance sector average of 15-20x, indicating deep value if earnings sustain
  • Compounded profit growth of 25% over 3 years and 15% over 5 years demonstrates meaningful earnings expansion
  • Consistent ROE of 14-15% across 3-year, 5-year, and 10-year periods reflects stable return generation on equity
  • Dividend yield of 1.81% provides a reasonable income component relative to NBFC peers
  • 10-year compounded sales CAGR of 9% shows the company has been able to grow its loan book over longer cycles
  • Backed by LIC of India as the parent, providing brand trust and access to a large distribution network for sourcing home loans
  • TTM profit growth of 4% remains positive even as revenue growth has flatlined at 0%, suggesting margin improvement or cost discipline
Bear Case 8
  • TTM sales growth has stalled at 0%, indicating the company is struggling to grow its loan book in the current environment
  • Low interest coverage ratio flags potential stress in servicing debt obligations relative to operating earnings
  • Concern around possible capitalization of interest costs raises questions about the true quality of reported earnings
  • 5-year sales CAGR of only 7.72% is poor for a housing finance company operating in a growing Indian mortgage market
  • Stock CAGR of 0% over 10 years means long-term shareholders have received virtually no capital appreciation over a decade
  • 1-year stock return of -2% shows continued underperformance even in a broadly positive Indian equity market
  • 3-year stock CAGR of 8% and 5-year CAGR of 6% lag broader market indices like the Nifty 50 which returned roughly 14% and 16% respectively over those periods
  • Profit growth has decelerated from 25% (3-year CAGR) to just 4% on a TTM basis, suggesting the earnings improvement cycle may be fading

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

AI News Digest

Anthropic anthropic claude-opus-4.6 2h ago
Headwinds 4
  • ₹1,322 Cr fraud, CBI FIR filed Sep 05

    CBI registered FIR on Aug 31 against Subhash Chandra for inflating net worth to secure two loans totalling ₹980 crore from LICHFL. Outstanding exposure stands at ₹1,077.75 crore (₹570.50 cr + ₹507.25 cr), with recovery under NCLT repayment plan a mere ₹38.09 lakh against admitted claim of ₹1,322.39 crore.

  • Near-total loss on Zee exposure Aug 27

    LIC Housing Finance set to lose ~₹1,300 crore in the Zee/Subhash Chandra settlement, recovering only ₹38 crore — a recovery rate of roughly 0.03% on the admitted claim.

  • Due diligence and governance failures Sep 05

    The fraud exposes systemic lapses in credit appraisal — net worth certificates accepted without independent verification. LICHFL already penalised ₹49.70 lakh by RBI in April 2024 for Fair Practices Code violations, and could face further penalties of ₹1.85–8.5 crore.

  • NPA ratio impact from fraud Sep 05

    The ₹1,322 crore exposure could add approximately 0.42% to LICHFL's Gross NPA ratio against a total loan book of ~₹3.14 lakh crore, with resolution timelines stretching 8–14 years due to parallel legal proceedings.

Positives 4
  • New MD & CEO appointed Aug 28

    Sandeep Kumar, a 30+ year LIC veteran, appointed MD & CEO effective Aug 29, 2026 for up to five years, ensuring leadership continuity after T Adhikari's retirement. He served as COO since May 13, 2026.

  • Q1 FY27 profit up 10% YoY Aug 28

    Net profit grew 10% YoY to ₹1,499.03 crore in Q1 FY27. FY26 consolidated net profit rose 2.97% to ₹5,604.24 crore with GNPA at 2.15% and net worth of ₹39,365.59 crore.

  • ₹55,000 Cr NCD limit approved Aug 28

    Shareholders at the 37th AGM approved a ₹55,000 crore NCD issuance authority and a ₹10 per share final dividend, supporting fundraising flexibility.

  • Consistent dividend track record Aug 19

    LICHFL has declared 27 dividends since June 2001 and maintains a dividend yield of 2.01%, with shares going ex-dividend on Aug 19 for the ₹10 final dividend.

Neutral 2
  • NCLT ruling clarification issued Aug 27

    LICHFL clarified that its mortgage security interests remain unaffected by the NCLT ruling on Subhash Chandra's personal insolvency, and independent recovery via SARFAESI Act on secured assets remains viable.

  • NCLT stay on repayment plan Sep 05

    A five-member Special Bench of NCLT stayed the Aug 25 order approving Chandra's repayment plan and restrained him from alienating any assets. Next hearing scheduled for Sep 23, 2026.

TL;DR: LIC Housing Finance faces a significant overhang from the ₹1,322 crore Subhash Chandra fraud, where CBI has filed an FIR and recovery prospects are near-zero under insolvency proceedings. Operationally, the company remains solid with 10% YoY profit growth in Q1 FY27, steady asset quality at 2.15% GNPA, and a smooth leadership transition to new MD Sandeep Kumar. The fraud exposure is manageable at ~0.42% of the loan book, but governance concerns and prolonged legal proceedings (8–14 years) will weigh on sentiment. Near-term direction depends on NCLT hearing outcomes in September and whether secured asset recovery under SARFAESI can meaningfully narrow the loss.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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%
—
Figures in ₹ Crores

Balance Sheet

Particulars 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
6,940
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
Figures in ₹ Crores

Cash Flow

Particulars 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
-16,978
-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
Figures in ₹ Crores

Ratios

Particulars 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%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Shareholding Pattern

Others2.53%Promot.45.24%Public9.74%DIIs21.02%FIIs21.47%As ofJun 2026

Documents

Frequently Asked Questions about LIC Housing Finance

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 trades as LICHSGFIN on the NSE and under code 500253 on the BSE.
Which sector does LIC Housing Finance Ltd belong to?
LIC Housing Finance Ltd is classified under the Financial Services sector, in the Housing Finance industry.
What is the market capitalisation of LIC Housing Finance Ltd?
LIC Housing Finance Ltd has a market capitalisation of ₹30,828 Cr, which places it in the Large Cap band.
What is the PE ratio of LIC Housing Finance Ltd?
LIC Housing Finance Ltd trades at a PE ratio of 5.40, on earnings per share of ₹86.33, against a book value of ₹753.17 per share.
What is the 52-week high and low of LIC Housing Finance Ltd?
Over the last 52 weeks LIC Housing Finance Ltd has traded between ₹458.9 and ₹598.2.
Does LIC Housing Finance Ltd pay dividends?
LIC Housing Finance Ltd has a dividend yield of 1.81%.
What is the Return on Equity (ROE) of LIC Housing Finance Ltd?
LIC Housing Finance Ltd reported a return on equity of 13.53%. Its debt-to-equity ratio is 7.05.

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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