GIC Housing Finance Ltd

₹ 204 1.29%

22 Nov - close price

gichfindia.com BSE: 511676 NSE: GICHSGFIN

About

GIC Housing Finance Limited, incorporated in 1989, grants housing loans to individuals and to persons/entities engaged in construction of houses/flats for residential purposes. ^[1]

Key Points

Products & Services
The co’s product portfolio includes:
Home loans- Individual Housing Loans, Composite Loans, balance transfers, Repair and Renovation Loans, Home extension loans, and affordable home loans.
Non-Housing Loans- Loans against property, Commercial Loans. ^[1]

Website BSE NSE

Market Cap ₹ 1,100 Cr.
Current Price ₹ 204
High / Low ₹ 292 / 187
Stock P/E 6.68
Book Value ₹ 349
Dividend Yield 2.20 %
ROCE 8.54 %
ROE 8.30 %
Face Value ₹ 10.0

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Pros

Stock is trading at 0.58 times its book value

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -2.90% over past five years.
Company has a low return on equity of 11.0% over last 3 years.
Dividend payout has been low at 13.8% of profits over last 3 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

Part of BSE Allcap BSE Financial Services BSE SmallCap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Revenue	298	292	288	274	279	281	281	268	268	261	260	274	264
Interest	179	172	166	170	176	178	178	183	179	176	172	174	177
	61	20	48	53	30	16	28	42	47	41	10	53	37
Financing Profit	58	100	75	51	73	87	75	43	42	44	77	47	50
Financing Margin %	19%	34%	26%	19%	26%	31%	27%	16%	16%	17%	30%	17%	19%
	2	1	2	2	2	3	6	3	3	2	6	3	2
Depreciation	1	3	3	2	2	2	3	4	4	4	4	4	4
Profit before tax	58	98	73	51	73	88	78	42	41	42	79	47	48
Tax %	22%	22%	33%	23%	23%	26%	33%	24%	26%	16%	32%	17%	23%
	45	77	49	39	56	65	52	32	30	36	54	39	36
EPS in Rs	8.40	14.21	9.10	7.28	10.46	12.15	9.71	5.91	5.60	6.61	9.95	7.23	6.77
Gross NPA %	9.86%	9.97%	8.60%	8.27%	7.52%	6.89%	4.68%	4.69%	4.59%	4.59%	3.88%	3.98%	3.78%
Net NPA %	6.07%	6.53%	5.59%	5.11%	4.45%	3.94%	3.29%	3.25%	3.08%	3.01%	2.69%	2.56%	2.43%
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	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
Revenue	554	625	733	876	1,002	1,112	1,228	1,252	1,232	1,152	1,123	1,060	1,059
Interest	373	419	509	601	668	713	866	946	823	702	703	711	699
	66	70	67	84	106	124	114	191	277	216	126	140	141
Financing Profit	115	135	157	192	228	275	248	116	131	234	294	209	219
Financing Margin %	21%	22%	21%	22%	23%	25%	20%	9%	11%	20%	26%	20%	21%
	0	0	0	0	0	0	0	3	8	5	6	10	12
Depreciation	2	2	4	1	1	1	1	6	4	9	10	15	15
Profit before tax	113	133	154	191	227	274	247	112	135	230	290	204	216
Tax %	25%	27%	33%	35%	35%	25%	30%	59%	22%	25%	26%	26%
	85	98	103	124	148	206	172	46	106	174	213	151	165
EPS in Rs	15.79	18.11	19.12	23.12	27.43	38.19	31.90	8.47	19.60	32.23	39.59	28.07	30.56
Dividend Payout %	32%	33%	26%	22%	18%	14%	17%	24%	20%	14%	11%	16%

Compounded Sales Growth
10 Years:	5%
5 Years:	-3%
3 Years:	-5%
TTM:	-4%

Compounded Profit Growth
10 Years:	4%
5 Years:	-3%
3 Years:	12%
TTM:	-8%

Stock Price CAGR
10 Years:	1%
5 Years:	6%
3 Years:	11%
1 Year:	2%

Return on Equity
10 Years:	12%
5 Years:	9%
3 Years:	11%
Last Year:	8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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	54	54	54	54	54	54	54	54	54	54	54	54	54
Reserves	497	557	606	678	784	1,064	1,200	1,209	1,304	1,457	1,645	1,775	1,826
	3,973	4,652	5,794	7,001	8,237	9,984	11,659	11,768	11,226	10,365	9,168	8,584	8,673
	228	256	266	289	329	44	57	68	57	53	53	57	61
Total Liabilities	4,751	5,518	6,721	8,021	9,404	11,147	12,969	13,099	12,641	11,929	10,920	10,470	10,615
	6	5	3	2	2	2	3	19	16	21	52	44	56
CWIP	0	0	0	0	0	0	0	13	29	29	9	10	0
Investments	10	10	10	10	26	13	14	14	14	15	230	169	253
	4,735	5,503	6,708	8,009	9,376	11,132	12,953	13,053	12,581	11,864	10,629	10,248	10,306
Total Assets	4,751	5,518	6,721	8,021	9,404	11,147	12,969	13,099	12,641	11,929	10,920	10,470	10,615

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-262	-662	-1,103	-1,167	-1,178	-1,721	-1,645	22	548	1,286	1,044	522
	0	0	1	2	-16	2	1	-11	-14	-4	-213	64
	205	647	1,105	1,174	1,203	1,715	1,639	51	-558	-892	-1,238	-619
Net Cash Flow	-57	-14	3	9	10	-5	-5	62	-24	390	-407	-34

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
ROE %	16%	17%	16%	18%	19%	21%	14%	4%	8%	12%	13%	8%

Shareholding Pattern

Numbers in percentages

10 Recently

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	42.41%	42.41%	42.41%	42.41%	42.41%	42.41%	42.41%	42.41%	42.41%	42.41%	42.41%	42.41%
	1.35%	1.41%	1.78%	1.85%	2.33%	2.22%	2.04%	3.62%	3.28%	3.18%	2.64%	2.91%
	6.34%	6.34%	6.33%	6.34%	6.34%	6.34%	6.34%	6.34%	5.89%	5.89%	5.89%	5.89%
	49.90%	49.84%	49.48%	49.39%	48.92%	49.03%	49.21%	47.63%	48.40%	48.52%	49.04%	48.79%
No. of Shareholders	63,624	62,458	61,492	60,636	57,320	59,762	59,478	57,443	58,599	62,410	66,668	67,589

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	42.16%	42.16%	42.41%	42.41%	42.41%	42.41%	42.41%	42.41%	42.41%
	2.93%	3.00%	7.57%	6.34%	0.14%	1.41%	2.22%	3.18%	2.91%
	13.35%	12.15%	7.02%	7.00%	6.89%	6.34%	6.34%	5.89%	5.89%
	41.57%	42.69%	43.00%	44.25%	50.56%	49.84%	49.03%	48.52%	48.79%
No. of Shareholders	41,695	54,896	54,437	53,865	68,698	62,458	59,762	62,410	67,589

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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GIC Housing Finance Ltd

GIC Housing Finance Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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