LIC Housing Finance Ltd.    
15 Oct 2020
305.65
-0.96%
Number of FIIs/FPIs holding stock fell by 9 to 522 in Sep 2020 qtr.
LIC Housing Finance Ltd.    
28 Aug 2020
305.65
-0.96%
Geojit BNP Paribas
LIC Housing Finance (LICHF) is one of the largest housing finance companies in India. It provides long-term finance to individuals, professionals and builders of residential flats and houses. The company has a wide...
1 Comment
29 Aug 2020  Like
LIC Housing Finance .. has an average target of 325.71 from 9 brokers.
LIC Housing Finance Ltd.    
26 Aug 2020
305.65
-0.96%
ICICI Securities Limited
Loan book for the quarter was at | 209817 crore, up 6% YoY, with major proportion of loan mix skewed towards individual loans at | 195176 crore (up 6% YoY) while developer loans grew 7.5% YoY to | 14641 crore. Asset quality deteriorated with GNPA ratio at 2.83% against 1.98% in Q1FY20 though it remained stable sequentially. NII growth remained sluggish at 3% YoY to | 1220.6 crore, on account of slower credit growth. NIMs dipped ~3 bps YoY to 2.32% on the back of lower yields. Provisioning was down 78% YoY to | 56.25 crore. Lower tax rate led to healthy PAT...
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LIC Housing Finance Ltd. is trading above all available SMAs
LIC Housing Finance Ltd.    
25 Aug 2020
305.65
-0.96%
HDFC Securities
LICHF faces several challenges in the near term: (1) a sticky moratorium book (particularly in the developer book), (2) inadequate coverage with minuscule Stage I & II provisions and negligible COVID-19 related provisions, and (3) stiff competition from banks, which would constrain growth and NIMs. LICHFs 1QFY21 operating performance was only slightly higher than estimates, but earnings were considerably higher than estimates, on account of lower-than-expected provisions (LLPs and tax). AUM growth was the slowest since FY09, and the moratorium portfolio remained sticky at 25% of loans (77% in the developer book). While we have increased our earnings, we maintain our REDUCE rating with a target price of Rs 296 (0.9xFY22E), especially after the recent run-up.
LIC Housing Finance Ltd. is trading above all available SMAs
LIC Housing Finance Ltd.    
25 Aug 2020
305.65
-0.96%
buy
Sharekhan
LIC Housing Finance Limited (LICHFL) reported steady results with operating performance coming largely in line with expectations (lower provisions resulted in better-than-expected profits) but asset-quality performance was not bright. Moratorium book holding fast at 25% of total book (was 25% at Q4FY2021) was a dampener since most peers have reported a reduction in the same. Of the 25% loan book under moratorium, individual home loans accounted for 16% and rest were developer segment, which is a concern. Nearly 77% of developer loan book was under moratorium. However, developer loans were at ~7% of the total book; hence,...
Number of FIIs/FPIs holding stock fell by 9 to 522 in Sep 2020 qtr.
LIC Housing Finance Ltd.    
25 Aug 2020
305.65
-0.96%
Prabhudas Lilladhar
No exclusive COVID provisions; Mngt believes ECL provs. stand sufficient interest expenses, steep decline in operating costs and unexpected overall loans, business-wise morat numbers have not shown improvements as recoveries remain elusive. While it's COVID assessment on asset quality is uncertain, Mngt hopes of higher transition of moratorium customers to...
LIC Housing Finance Ltd. is trading above all available SMAs
LIC Housing Finance Ltd.    
25 Aug 2020
305.65
-0.96%
Motilal Oswal
25 August 2020 LICHF reported 34% YoY growth in 1QFY21 PAT to INR8.2b (60% beat). The beat was driven by better-than-expected NII as well as lower credit costs. This is a key monitorable for us. This was largely driven by smaller cities (share of disbursements in the Top 7 cities declined from an average of 45% to 35%). The loan book was largely stable at INR2.1t. Note that the loan mix has been largely stable for the past six quarters. Incremental cost of funds was down ~100bp to 6.8%, in line with the rates in the economy. Overall cost of funds declined 20bp QoQ to 7.9%. Operating expenses were up 28% YoY to INR1.37b, largely driven by a 30% YoY increase in employee expenses to INR796m. However, the company did not make any large COVID-19-related provisions this quarter.
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LKP Securities released a report for LIC Housing Finance Ltd. on 15 Oct, 2020.
LIC Housing Finance Ltd.    
25 Aug 2020
305.65
-0.96%
Nirmal Bang Institutional
LIC Housing Finance (LICHF) reported 34% YoY growth in net profit, led by 78% YoY decline in provisioning and a lower effective tax rate. Operating profit was down 1.8% YoY and up 25.8% QoQ. NII growth was subdued at 3.3% YoY on account of muted credit growth even as NIM expanded by 22bps QoQ. Total loan book grew by 6.1% YoY and 0.9% QoQ. Individual loans were down marginally QoQ while the developer book reported a net addition of Rs3.2bn QoQ. Disbursements stood at Rs35.6bn with >85% going towards individual home loans. Disbursements in the individual non-home loans and developer loans segments were low. June 2020 disbursements saw a significant pick-up post partial opening up of the economy and...
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LIC Housing Finance .. has an average target of 325.71 from 9 brokers.
LIC Housing Finance Ltd.    
23 Jun 2020, 12:00AM
305.65
-0.96%
Nirmal Bang Institutional
Weak 4Q, anticipating weaker FY21; downgrade to accumulate LIC Housing Finance (LICHF) reported a weak quarter with NII and PPOP coming in 9% and 26% lower than our estimate, respectively. The loan book growth too was weak, at 6.9% YoY and 1.1% QoQ, resulting in a net addition of Rs2.3bn only. Overall disbursements were down 14% QoQ. The impact on business generation was mainly on account of the lockdown. In the project lending segment, the company has curtailed disbursements quite significantly, owing to asset quality pressures. For the quarter, project loans disbursed amounted to Rs4.13bn, down 56% QoQ. In the individual home loans segment, disbursements were down 28% YoY and 17% QoQ. Individual...
Number of FIIs/FPIs holding stock fell by 9 to 522 in Sep 2020 qtr.
LIC Housing Finance Ltd.    
22 Jun 2020, 06:08PM
305.65
-0.96%
HDFC Securities
We maintain our REDUCE rating with a TP of Rs 263 LICHFs 4Q performance disappointed across all fronts- (1) AUM growth slowed to a ~12 year low, (2) NIMs dipped sharply, to the lowest level in the ~7 years and asset quality deteriorated, with GS-III rising for the 6th straight quarter. Despite seemingly attractive valuations and strong parentage, we maintain our REDUCE rating with a TP of Rs 263 (0.9xFY22E). The co. faces several headwinds- (1) stiff competition from banks will pose increasing challenges on the growth and NIM fronts, (2) COVID-19 will exacerbate ongoing asset quality troubles (especially in the non-core book).
LIC Housing Finance Ltd. is trading above all available SMAs