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LIC Housing Finance

LICHSGFIN NSE
₹520.00 +15.05 (+2.98%)
P/E
4.98
View as Markdown
MCP
Close 4 Nov 2026 ₹520.00 −50.15 −8.80% 1Y
Start ₹570.15

Key Fundamentals

SmallcapFinanceFinancial Services

Price-based figures as of · EPS basis: Consolidated · TTM

Debt to Equity
6.70
EPS (TTM)
₹104.33
Book Value
₹797.71
Market Cap
—
P/E (TTM)
4.98
P/B
0.65
ROE
14.40%
Dividend Yield
1.98%
52W High
₹598.20
52W Low
₹458.90
Day Range
₹502.10 – ₹522.95
Volume
14,02,188
ROCE
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
EBITDA
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet

Peer Comparison

Financial Services › Housing Finance › Housing Finance Company

LIC Housing Finance peer comparison
Bajaj Housing Finance
₹81.4225.21₹65,542 Cr2.820.00%12.10%—₹11,604 Cr₹2,692 Cr
Piramal Finance
₹1,946.20—₹45,625 Cr1.490.58%0.86%6.47%₹13,357 Cr₹1,909 Cr
LIC Housing Finance (this company)
₹520.004.98₹28,072 Cr0.651.98%14.40%—₹28,562 Cr₹5,739 Cr
PNB Housing Finance
₹1,082.0011.99₹28,029 Cr1.390.75%12.90%—₹8,700 Cr₹2,350 Cr
Aadhar Housing Finance
₹431.2016.44₹18,689 Cr2.520.00%15.90%—₹3,817 Cr₹1,140 Cr
Sammaan Capital
₹125.98—₹14,065 Cr0.821.67%−3.21%—₹7,418 Cr−₹7,236 Cr
Home First Finance Company
₹1,082.3019.38₹11,147 Cr2.430.49%15.70%—₹1,999 Cr₹581 Cr
Median 7 companies₹520.0016.44₹28,029 Cr1.490.58%12.90%6.47%₹8,700 Cr₹1,909 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

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

Overall score

44 Weak

Data confidence 94/100

Category scores

Quality
46
Average
Returns, margins, earnings quality 22% weight
Valuation
75
Strong
Cheap vs sector & own history 24% weight
Growth
15
Poor
Sales & profit trajectory 9% weight
Financial Health
23
Poor
Solvency, leverage, coverage 9% weight
Momentum
29
Poor
Trend strength, vol-adjusted 12% weight
Ownership
39
Weak
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

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

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish865
OscillatorsBearish261
Moving AveragesStrong Bearish604

Key readings

RSI (14)
50.36
Neutral
MACD (12,26,9)
−8.63
Bullish
SMA (50)
533.20
Bearish
SMA (200)
531.62
Bearish

As of

Analyst Rating

Based on 25 analysts
BUY52%

13 of 25 analysts rate Buy, 8 Hold, 4 Sell.

As of

BUY
13
52%
HOLD
8
32%
SELL
4
16%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+8.73%
5Y+7.72%
3Y+8.28%
1Y+2.63%
TTM+0.23%

Net profit

Net profit growth by window
10Y+12.88%
5Y+15.38%
3Y+24.69%
1Y+2.96%
TTM+4.33%

Operating cash flow

Not meaningful

A bank's or NBFC's operating cash flow moves with deposits and loans, so its growth says little about the business.

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹14,092 Cr
Mar 2018₹14,876 Cr
Mar 2019₹17,398 Cr
Mar 2020₹19,740 Cr
Mar 2021₹19,886 Cr
Mar 2022₹19,978 Cr
Mar 2023₹22,717 Cr
Mar 2024₹27,277 Cr
Mar 2025₹28,098 Cr
Mar 2026₹28,838 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹1,942 Cr
Mar 2018₹2,008 Cr
Mar 2019₹2,434 Cr
Mar 2020₹2,404 Cr
Mar 2021₹2,741 Cr
Mar 2022₹2,286 Cr
Mar 2023₹2,891 Cr
Mar 2024₹4,763 Cr
Mar 2025₹5,443 Cr
Mar 2026₹5,604 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EPS
₹21.90 −20.0% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 3 Nov 2026
AI opinion · based on fundamentals
Risk high

LIC Housing Finance Ltd trades at ₹504.95 as of 2026-11-03 with a market cap of ₹27,899 crore. The stock's P/E of 4.84 and P/B of 0.63 place it at a steep discount to book value, while ROE stands at 13.53% and compounded profit has grown at 25% over three years, though TTM sales growth has flattened to 0% and the interest coverage ratio remains low.

Bull Case 7
  • Stock trades at a P/B of 0.63, well below book value, suggesting the market is pricing in significant pessimism relative to the company's net assets
  • P/E ratio of 4.84 on a TTM EPS of ₹104.33 is notably low for a housing finance company, implying compressed earnings expectations
  • Compounded profit growth of 25% over 3 years and 15% over 5 years demonstrates a sustained earnings expansion trajectory
  • ROE has remained steady at 14-15% across 3-year, 5-year, and 10-year periods, indicating consistent return generation on equity
  • Dividend yield of 2.02% provides a tangible income component, supported by the low payout implied by the depressed P/E
  • The stock at ₹504.95 is about 15.6% below its 52-week high of ₹598.20, offering a potential mean-reversion setup if fundamentals hold
  • 10-year compounded profit growth of 13% shows the company has managed to grow earnings through multiple credit cycles
Bear Case 8
  • TTM sales growth has stagnated at 0%, a sharp deceleration from the 8% compounded sales growth over 3 and 5 years, raising concerns about loan book momentum
  • Low interest coverage ratio signals that operating earnings may not comfortably service the company's debt obligations, a material risk for a leveraged housing finance business
  • Potential capitalisation of interest costs could be flattering reported profitability and masking true asset quality or cost pressures
  • Five-year sales CAGR of approximately 8% is modest for a housing finance lender, limiting the pace of franchise value creation
  • TTM profit growth has slowed sharply to 4% from 25% over three years, suggesting the earnings growth cycle may be peaking
  • Stock price CAGR of 0% over 1 year and 0% over 10 years shows the equity has delivered negligible capital appreciation over long periods
  • ROCE of 9.36% is below the ROE of 13.53%, indicating that pre-tax returns on total capital employed are modest relative to equity returns, reflecting the high-leverage business model
  • Five-year stock CAGR of just 5% has significantly lagged the broader market, pointing to persistent investor scepticism about the growth outlook

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

AI News Digest

9h ago

TL;DR: LIC Housing Finance is delivering on profitability with 11% PAT growth and steadily improving asset quality (GNPA down to 2.05%), supported by strong recoveries including an expected full ₹1,330 crore Zee Group resolution. However, competitive pressure from banks is squeezing market share and margins, with NIM set to compress over FY27-28. The strategic pivot toward LAP, LRD and project finance could re-accelerate loan growth, but execution on these newer segments remains the key monitorable going forward.

Headwinds 4
  • NIM compression ahead Nov 3

    NIM expected to moderate by 8/20bps in FY27/28E to 2.6%/2.5% as rising cost of funds and competitive pricing squeeze margins.

  • Market share erosion from banks Nov 3

    Stiff competition from banks has eroded individual loan segment market share, with disbursements share at 27% vs portfolio share of 40%.

  • Soft AUM growth at 5% Nov 3

    AUM growth remained subdued at 5% YoY in Q2FY27, prompting management to target 8-10% loan growth via non-HL segments like LAP, LRD and project finance.

Positives 5
  • PAT up 11% in Q2FY27 Nov 2

    Standalone net profit rose 11% YoY to ₹1,508.78 crore (₹15 billion) in Q2FY27, with PAT expansion driven by provision write-backs from higher recoveries for the third consecutive quarter.

  • Asset quality improving steadily Nov 2

    Gross NPA declined to 2.05% from 2.51% YoY in Q2FY27, with credit cost built at -2/12bps for FY27/28E reflecting strong recovery momentum.

  • Full Zee Group recovery expected Nov 2

    Company expects to fully recover ₹1,330 crore from Zee Group through auction of South Mumbai properties.

Neutral 2
  • ₹83.63 crore block trade Oct 12

    Approximately 15 lakh shares transacted at ₹557.50 per share in a BSE block deal worth ₹83.63 crore.

  • NIM guidance reaffirmed Nov 2

    Management reaffirmed FY27 net interest margin guidance in the range of 2.5% to 2.6%.

Quarterly Results

₹ Cr
LICHSGFIN quarterly results, ₹ crore
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
5.36
0.09
5
Interest
4,493
4,600
4,646
4,649
4,749
4,879
4,950
4,951
5,046
4,994
4,941
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
1,704
1,703
1,762
1,931
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 (₹)
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

₹ Cr
LICHSGFIN profit and loss, annual, ₹ crore
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
6.38
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
7,100
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 (₹)
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

₹ Cr
LICHSGFIN balance sheet, annual, ₹ crore
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

Cash Flow

₹ Cr
LICHSGFIN cash flow, annual, ₹ crore
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

Ratios

LICHSGFIN financial ratios, annual
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

Log in to view LIC Housing Finance insights

61 extracted metrics across FY10–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 45.24%
  • DIIs 21.64%
  • FIIs 18.93%
  • Public 10.05%
  • Others 4.14%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

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…
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 PE ratio of LIC Housing Finance Ltd?
LIC Housing Finance Ltd trades at a PE ratio of 4.98 as of 4 Nov 2026, on earnings per share of ₹104.33, against a book value of ₹797.71 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 as of 4 Nov 2026.
Does LIC Housing Finance Ltd pay dividends?
LIC Housing Finance Ltd has a dividend yield of 1.98%.
What is the Return on Equity (ROE) of LIC Housing Finance Ltd?
LIC Housing Finance Ltd reported a return on equity of 14.40%. Its debt-to-equity ratio is 6.70.

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.

Website lichousing.com
CEO Mr. Tribhuwan Adhikari
Employees 2,352
Listed 29 Jul 1998
Face Value ₹2

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