More about LIC Housing Finance Limited
Fundamentals for LIC Housing Finance Limited
Regulatory Filings for LIC Housing Finance Limited
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Fundamentals for LIC Housing Finance Limited
Business Operations:
Sector: Financial ServicesIndustry: Mortgage Finance
LIC Housing Finance Limited, a housing finance company, provides loans for the purchase, construction, repair, and renovation of houses/buildings in India. It operates through Loans and Other segments. The company offers public and corporate deposits; home loans to residents and non-residents, as well as to pensioners; plot loans, home improvement and construction loans, home extension, and top up loans; refinance; construction finance and term loans for builders and developers; and loans for staff quarters and other lines of credit for corporates. It also provides loans against properties for companies and individuals; loans against securities; loans under rental securitization; and loans to professionals. In addition, the company develops, establishes, and operates assisted living community centers for elderly citizens; manages, advises, and administers private equity funds, including venture capital and alternate investment funds; offers asset management and trusteeship services; and markets housing loan, life and general insurance products, mutual funds, fixed deposits, and credit cards. It serves salaried/self-employed/professionals/SME customers, retired government employees, and retail customers through home loan agents, direct sales agents, and customer relation associates. LIC Housing Finance Limited was incorporated in 1989 and is based in Mumbai, India.
Revenue projections:
Investors may be wary of LICHSGFIN as its revenues are expected to fall below the prior year's levels. A revenue decrease often leads to concerns about profitability, as it is likely to affect the company's bottom line, prompting investors to take a more cautious approach.
Financial Ratios:
| currentRatio | 27.056000 |
|---|---|
| forwardPE | 4.848915 |
| debtToEquity | 642.522000 |
| earningsGrowth | 0.086000 |
| revenueGrowth | 0.044000 |
| grossMargins | 0.985020 |
| operatingMargins | 0.814810 |
| trailingEps | 101.900000 |
| forwardEps | 112.220990 |
LICHSGFIN's current ratio, being 27.056, demonstrates that the company has the liquidity necessary to service its short-term debt. With strong cash reserves and current assets, LICHSGFIN is well-equipped to meet its immediate financial obligations without any difficulties.
LICHSGFIN's high debt-to-equity ratio suggests a heavily leveraged capital structure. The company relies on debt to fund operations, which could heighten financial risks, particularly if economic conditions deteriorate or profitability declines.
LICHSGFIN's positive gross and operating margins indicate strong financial performance. These margins show that the company is profitable and efficient in its operations, with effective cost control contributing to its overall financial success.
LIC Housing Finance Limited's forward EPS surpassing its trailing EPS signals that the company is anticipated to be more profitable this year than last. This growth expectation highlights LIC Housing Finance Limited's potential for increased earnings and a stronger financial performance in the upcoming year.
Price projections:
The price of LICHSGFIN has remained consistently close to the lower limit of projections. This ongoing pattern raises concerns about the stock's performance and may reflect market hesitance regarding the company's growth prospects.
Recommendation changes over time:
LIC Housing Finance Limited has garnered a buy bias from analysts recently, suggesting the stock is a good investment opportunity. This may lead to increased investor interest, as LIC Housing Finance Limited is seen as a reliable place to park money for those looking to benefit from potential market gains and company growth.
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