For the third quarter ending, LIC Housing Finance NSE: LICHSGFIN announced its results on December 31st, 2023. Standalone net profit increased by almost two and a half times. The increase was from Rs 480 to Rs 1163 crore.
Similarly, the net interest margin for the quarter increased to 3% from 2.4% earlier. The net interest income increased by 31% to Rs. 2097 crore.
Its total income for the quarter stood at Rs 5,896 crore, up 15.4% year-on-year at Rs 6,804 crore, while total expenses increased marginally to Rs 5,350 crore from Rs 5,319 crore, resulting in higher profitability.
Net profit margin (the ratio of total revenue to net profit) increased from 10.52 to 18.1% in the same period.
Credit costs can be controlled by improving the quality of assets. Gross non-performing assets fell from 4.76% to 4.26% by the end of last December, compared with 4.76% one year ago. Net NPA stood at 2.24% as against 2.4%.
The outstanding loan portfolio increased by 5% year-on-year to Rs 2.81 lakh crore. The net profit was Rs 1167 crores as opposed to Rs 462 crores.
After The Close Of The Market, The Lender Announced Its Earnings
LIC Housing Finance Limited is India’s largest home loan company. It was founded in 1989. Its main goal is to offer long-term financing for the construction or purchase of residential houses or apartments.
The company’s shares closed Friday at Rs. 629.85, up 1.21 percent in the last two days. It has returned more than 59.7 percent in the past six months, and 57.5 percent over the past year. It has generated positive returns in the amount of 11.86 percent so far in 2024.
This share may go up to ₹700 And ₹718 in future.
About LIC Housing Finance Ltd
LIC Housing Finance Ltd. is one of India’s largest housing finance companies. On 19 June 1990, the Company was founded. LIC of India promoted the company and it went public in 1994.
The Company’s main objective is to provide individuals with long-term financing for the construction or purchase of homes or flats used for residential purposes, or for the repair and renovation of existing houses/flats.
The company also offers finance for existing properties for business or personal needs. It also provides loans for Nursing Homes or Diagnostic Centres or Office Spaces and the purchase of equipment.
The Company opened a representative in Dubai to serve non-resident Indians who live in GCC nations, such as Bahrain, Dubai, Kuwait, Qatar, and Saudi Arabia.
Fundamental Analysis of LIC Housing Finance Ltd
| Market Cap | ₹ 34,888 Cr. |
| Current Price | ₹ 634 |
| 52-wk High | ₹ 642 |
| 52-wk Low | ₹ 315 |
| Stock P/E | 7.17 |
| Book Value | ₹ 531 |
| Dividend | 1.34 |
| ROCE | 7.57 % |
| ROE | 11.1 % |
| Face Value | ₹ 2.00 |
| P/B Value | 1.19 |
| OPM | 90.5 % |
| EPS | ₹ 88.5 |
| Debt | ₹ 2,43,459 Cr. |
| Debt to Equity | 8.33 |
LIC Housing Finance Ltd Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹700 | ₹720 |
| 2025 | ₹743 | ₹765 |
| 2026 | ₹778 | ₹790 |
| 2027 | ₹800 | ₹821 |
| 2028 | ₹831 | ₹842 |
| 2029 | ₹860 | ₹876 |
| 2030 | ₹900 | ₹922 |
LIC Housing Finance Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 45.24% |
| Mar 2023 | 45.24% |
| June 2023 | 45.24% |
| Sept 2023 | 45.24% |
| Dec 2023 | 45.24% |
| FII Holding | |
| Dec 2022 | 19.32% |
| Mar 2023 | 17.66% |
| June 2023 | 17.15% |
| Sept 2023 | 21.21% |
| Dec 2023 | 21.91% |
| DII Holding | |
| Dec 2022 | 22.74% |
| Mar 2023 | 24.18% |
| June 2023 | 25.03% |
| Sept 2023 | 21.51% |
| Dec 2023 | 21.76% |
| Public Holding | |
| Dec 2022 | 12.70% |
| Mar 2023 | 12.92% |
| June 2023 | 12.56% |
| Sept 2023 | 12.03% |
| Dec 2023 | 11.09% |
LIC Housing Finance Ltd Share: Last 5 Years’ Financial Condition
To better understand how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 17,398 Cr |
| 2020 | ₹ 19,740 Cr |
| 2021 | ₹ 19,886 Cr |
| 2022 | ₹ 19,978 Cr |
| 2023 | ₹ 26,760 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 2,434Cr |
| 2020 | ₹ 2,404 Cr |
| 2021 | ₹ 2,741 Cr |
| 2022 | ₹ 2,286 Cr |
| 2023 | ₹ 4,869 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 6.42 |
| 2020 | 5.13 |
| 2021 | 4.26 |
| 2022 | 3.68 |
| 2023 | 3.02 |
Last 10 Years’ Profit Growth:
| 10 Years: | 11% |
| 5 Years: | 8% |
| 3 Years: | 6% |
| Current Year: | 73% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 14% |
| 5 Years: | 13% |
| 3 Years: | 12% |
| Last Year: | 11% |
Sales Growth Over 10 Years:
| 10 Years: | 11% |
| 5 Years: | 9% |
| 3 Years: | 5% |
| Current Year: | 24% |
Conclusion
This article is a complete guide about LIC Housing Finance Ltd Share.
This information and forecasts are based on our research, company fundamentals, history, experiences, and various technical analyses.
Also, We have discussed the share’s prospects and growth potential in detail.
This information will help you in your further investment.
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