LIC Housing Finance Ltd., integrated within the 12 months 1989, is a Massive Cap firm (having a market cap of Rs 24983.34 Crore) working in NBFC sector.
For the quarter ended 31-03-2021, the corporate reported a Consolidated Complete Revenue of Rs 4979.91 Crore, up 1.08 % from final quarter Complete Revenue of Rs 4926.65 Crore and up 1.56 % from final 12 months identical quarter Complete Revenue of Rs 4903.54 Crore. Firm reported web revenue after tax of Rs 384.93 Crore in newest quarter.
Whereas asset high quality ache has been pronounced, the brokerage attracts consolation from LICHF’s skill to supply low-cost liabilities (attributable to its sturdy parentage), favorable Housing Finance cycle, and 14-15% RoE. Valuation at 1x FY23E P/BV is engaging. It components within the announcement of a capital infusion into the estimates.
Promoters held 40.3 per cent stake within the firm as of March 31, 2021, whereas FIIs held 28.2 per cent, DIIs 16.8 per cent and public and others 14.7 per cent.
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