Ind Bank Housing Ltd
₹ 43.1
-0.97%
21 Nov
- close price
About
Incorporated in 1991, Ind Bank Housing Ltd
is in the business of providing Housing Loans[1]
Key Points
- Market Cap ₹ 43.1 Cr.
- Current Price ₹ 43.1
- High / Low ₹ 87.9 / 31.6
- Stock P/E
- Book Value ₹ -121
- Dividend Yield 0.00 %
- ROCE -7.86 %
- ROE %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -13.2% over past five years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Finance Industry: Finance - Housing
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.24 | 0.46 | 2.37 | 0.72 | 1.05 | 2.11 | 0.57 | 0.50 | 0.36 | 0.23 | 0.23 | 0.28 | 0.00 | |
| 0.35 | 0.15 | -4.62 | 0.38 | 0.35 | 0.25 | 0.53 | 0.85 | 0.55 | 0.39 | 0.79 | 0.99 | 0.62 | |
| Operating Profit | -0.11 | 0.31 | 6.99 | 0.34 | 0.70 | 1.86 | 0.04 | -0.35 | -0.19 | -0.16 | -0.56 | -0.71 | -0.62 |
| OPM % | -45.83% | 67.39% | 294.94% | 47.22% | 66.67% | 88.15% | 7.02% | -70.00% | -52.78% | -69.57% | -243.48% | -253.57% | |
| 0.00 | 0.03 | 0.73 | 0.04 | 1.22 | 0.05 | 0.10 | 3.10 | 0.00 | 0.03 | 0.00 | 0.02 | 0.27 | |
| Interest | 8.61 | 9.57 | 14.87 | 11.87 | 13.16 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | -8.73 | -9.24 | -7.16 | -11.50 | -11.24 | 1.91 | 0.13 | 2.75 | -0.19 | -0.13 | -0.56 | -0.69 | -0.35 |
| Tax % | -2.06% | 0.00% | 2.65% | 0.00% | 0.00% | 6.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| -8.55 | -9.24 | -7.35 | -11.50 | -11.24 | 1.78 | 0.13 | 2.74 | -0.19 | -0.13 | -0.56 | -0.69 | -0.35 | |
| EPS in Rs | -8.55 | -9.24 | -7.35 | -11.50 | -11.24 | 1.78 | 0.13 | 2.74 | -0.19 | -0.13 | -0.56 | -0.69 | -0.35 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -5% |
| 5 Years: | -13% |
| 3 Years: | -8% |
| TTM: | 22% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 63% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 9% |
| 3 Years: | 13% |
| 1 Year: | 27% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | % |
Balance Sheet
Figures in Rs. Crores
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Reserves | -94.33 | -103.58 | -110.93 | -122.42 | -133.66 | -131.88 | -131.75 | -129.00 | -129.19 | -129.32 | -129.88 | -130.57 | -130.77 |
| 84.99 | 94.56 | 105.13 | 117.00 | 129.85 | 129.00 | 129.00 | 129.00 | 129.00 | 129.00 | 129.00 | 129.00 | 0.00 | |
| 6.78 | 7.47 | 6.18 | 6.07 | 6.15 | 4.07 | 3.86 | 0.77 | 0.72 | 0.60 | 1.14 | 0.51 | 129.50 | |
| Total Liabilities | 7.44 | 8.45 | 10.38 | 10.65 | 12.34 | 11.19 | 11.11 | 10.77 | 10.53 | 10.28 | 10.26 | 8.94 | 8.73 |
| 0.03 | 0.03 | 0.02 | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.08 | 0.03 | 0.04 | 0.03 | 0.05 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| 7.33 | 8.39 | 10.32 | 10.61 | 12.29 | 11.16 | 11.10 | 10.76 | 10.52 | 10.27 | 10.25 | 8.93 | 8.72 | |
| Total Assets | 7.44 | 8.45 | 10.38 | 10.65 | 12.34 | 11.19 | 11.11 | 10.77 | 10.53 | 10.28 | 10.26 | 8.94 | 8.73 |
Cash Flows
Figures in Rs. Crores
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.79 | 1.29 | 0.64 | 0.61 | -11.25 | -0.48 | -0.18 | -0.46 | -0.23 | -0.29 | -0.11 | -0.92 | |
| 0.55 | 0.05 | 0.00 | 0.00 | 0.04 | 0.03 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 0.00 | 0.00 | -0.14 | 0.00 | 12.85 | -0.85 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Cash Flow | 1.34 | 1.34 | 0.50 | 0.61 | 1.64 | -1.30 | -0.19 | -0.45 | -0.23 | -0.29 | -0.11 | -0.92 |
Ratios
Figures in Rs. Crores
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Working Capital Days | -5,201.25 | -3,356.41 | -454.32 | -1,490.42 | -45.19 | -6.92 | 51.23 | 102.20 | 182.50 | 7,315.87 | 6,585.87 | 5,709.64 |
| ROCE % | -16.00% | 40.24% | 297.68% | 8.43% | 35.65% | 28.70% | 1.81% | 31.88% | -1.92% | -1.33% | -5.96% | -7.86% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
21 Oct - Newspaper publication for unaudited financial results Sep 2024
-
The Manager - Listing Compliance
BSE Limited
Mumbai
19 Oct - Certificate of non-related party transaction for Q2 2024.
-
Board Meeting Outcome for UN AUDITED FINANCIAL RESULTS FOR QUARTER/HALF YEAR ENDED SEPTEMBER 30,2024
18 Oct - Un-audited financial results for Q2 FY2024 approved.
-
Submission Of Details Of Appointment Of Compliance Officer And Share Transfer Agent
16 Oct - Appointment of Compliance Officer and Share Transfer Agent.
-
Board Meeting Intimation for Notice For Board Meeting - Regulation 29 Of SEBI LODR
14 Oct - Notice for Board Meeting to approve financial results.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2010
from bse
Operational Status:[1][2][3]
Company has suspended making fresh
lending since 2000 and is in the process
of recovery of Non-Performing Assets from its borrowers and other loans which
are under litigation.
In view of accumulated financial loss, the compliances with the Capital Adequacy, Net Owned Funds, and other related requirements under The National Housing Bank Act, including Housing Finance Companies (NHB) Directions, could not be complied with. Company was given time till June 30, 2022, for attaining a minimum NOF of ~Rs.10 Crore and also for fulfilling Principal Business Criteria (PBC) for housing finance companies. Further, in July 2022, company sent a letter with a copy of the proposed revival plan to RBI and requested a personal hearing.
At present, company is making continuous
efforts to recover the non-performing
assets as was done in the previous financial years. In FY22, company recovered~Rs.3.25 lakhs from individual housing loans and ICD loan vs Rs. 6.00 lakhs in FY21