375.60 2.60 (0.70%)

30.76% Fall from 52W High

2.9M NSE+BSE Volume

NSE May 26, 2022 03:54 PM



LIC Housing Finance Ltd.    
29 Jan 2022
375.60
0.70%
Motilal Oswal
LICHF reported a PAT of INR7.67b (~60% beat) in 3QFY22, up ~6% YoY, driven by an all-round beat on NII (up 25% QoQ and 14% YoY; 12% beat), opex (down 21% QoQ; 3% lower than our estimate), and lower credit costs, which declined by 44% QoQ to INR3.56b (est. INR5b). There was a one-off impact of INR1.35b on interest income in 2QFY22 due to the EIR/IRR impact on the restructured loan pool. Adjusted for this, NII was up 12% QoQ. NIM improved by ~42bp QoQ to ~2.42% in 3QFY22, while core spreads declined to 1.83% in 9M (from 1.96% in 1HFY22)....
LIC Housing Finance .. has an average target of 432.00 from 6 brokers.
LIC Housing Finance Ltd.    
28 Jan 2022
375.60
0.70%
Prabhudas Lilladhar
LICHF's Q3FY22 earnings growth was healthy, led by improving business momentum. Asset quality largely stood at similar levels QoQ (stage 3 lower by 10bps QoQ to 5.04% and increased by 236 bps YoY), the o/s restructured book stood at similar levels QoQ (Rs 70 bn; ~3% of total loan book). The individual home loan NPAs stood at 2.2% (flat QoQ), developer NPAs increased to ~27% vs ~24% in Q2FY22. We believe that asset quality is still not reassuring and we would closely monitor the movement in stage 3 assets...
LIC Housing Finance Ltd. is trading above it's 100 day SMA of 369.1
LIC Housing Finance Ltd.    
23 Oct 2021
375.60
0.70%
HDFC Securities
LIC Housing Finance: LICHF disappointed, driven by elevated provisioning (1.1% of loans, annualised) and interest reversals (INR1.35bn). While asset quality improved across buckets, aggregate stressed pool (GS-II + GS-III + restructured) still remains elevated (12.6% vs. 13.6% in Jun'21), indicating that the path to normalisation is likely to be prolonged. The company shored up its GS-III provisions significantly to 43%, driving credit costs higher, although GS-II provisioning coverage continues to be subdued (0.2% PCR). Disbursements gathered momentum post the second wave (+29% YoY, +86% QoQ), largely from the core mortgage segment. We downgrade our FY22E earnings by 7% to reflect sub-optimal yields and higher-than-expected credit costs. We maintain REDUCE with a revised TP of INR401 (earlier TP of INR421), 1.0x Sep'23 ABVPS, underpinned by low provisioning buffer, prolonged stress in the portfolio, and increasing competitive intensity in the core mortgage portfolio. Federal Bank: Federal Bank (FB)'s Q2FY22 earnings were 20% higher than our forecasts due to a strong operating performance and lower-than-expected provisions. On the back of a granular wholesale portfolio and its secured retail franchise, FB reported an impressive asset quality with slippages at 1.1% and steady early-stage delinquencies (restructured book inched up to 2.6% of loans). The bank continued to showcase strong traction in low-cost deposits (CASA at 36%) and core fee income. FB's partnerships with FinTechs (with neo-banks, payments firms, and merchant acquirers) offer medium-term catalysts for higher productivity (business growth) and greater efficiencies (profitability), early evidence of which is reflected in the pace of new account additions. We revise our FY22E earnings...
Number of FII/FPI investors increased from 299 to 306 in Mar 2022 qtr.
LIC Housing Finance Ltd.    
22 Oct 2021
375.60
0.70%
Prabhudas Lilladhar
loan NPAs at 2.2% stood down 4bps QoQ, developer NPAs at ~24% stood stagnant with negligible resolutions during the quarter. Going forward, while a decent growth story remains intact for LICHF, asset...
LIC Housing Finance Ltd. is trading above it's 100 day SMA of 369.1
LIC Housing Finance Ltd.    
04 Aug 2021
375.60
0.70%
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 distribution...
LIC Housing Finance .. has an average target of 432.00 from 6 brokers.
LIC Housing Finance Ltd.    
01 Aug 2021
375.60
0.70%
LKP Securities
LIC Housing Finance (LICHF) is one of the largest deposit taking Housing Finance Company (NBFC HFCs) in India. It has different product verticals of LAP and Developer Loans. Given its healthy liability franchise, low cost of funds, stable return ratios and promoter backing, we believe LICHF shall emerge stronger by the end of FY22. Meaningful pent-up demand in Metros & Tier 1/2 cities...
LIC Housing Finance Ltd. is trading below it's 150 day SMA of 378.8
LIC Housing Finance Ltd.    
30 Jul 2021
375.60
0.70%
Prabhudas Lilladhar
interest costs (up 5%QoQ albeit decline in CoF), one-off employee costs (Rs1.2bn) and elevated provisioning (143bps credit costs). While second wave restricted loan book expansion (0.2%QoQ), we reckon trajectory should only remain tepid for FY22 in light of surmounting asset quality challenges. Against this backdrop, we tweak our NPA estimates to 6%/4% (earlier 5%/3.5%) but maintain growth estimates at 11%/15% over FY22-23. Consequently, our EPS estimates stand down by 16%/3% over FY22/23. Shrinkage in return profile, erratic asset quality behavior and tepid growth...
default
LIC Housing Finance .. has an average target of 432.00 from 6 brokers.
LIC Housing Finance Ltd.    
23 Jun 2021
375.60
0.70%
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 distribution...
LIC Housing Finance Ltd. is trading below it's 150 day SMA of 378.8
LIC Housing Finance Ltd.    
17 Jun 2021
375.60
0.70%
HDFC Securities
We revise our FY22/FY23 estimates upwards by 5.4%/6.2%, driven by higher loan growth in FY22, while we remain conservative on our loan loss estimates. Maintain REDUCE with a revised target price of INR 402 (earlier INR 376). LIC Housing Finance: LIC Housing Finances (LICHF) 4QFY21 earnings were better than our estimates on the back of funding cost tailwinds, lower-than-anticipated opex and, low tax rate. Disbursements witnessed a sharp uptick across categories to reach an all-time high of INR 224bn (33% QoQ). Asset quality in the core home loan segment deteriorated, with GNPA at 1.9%, while developer NPAs remain elevated at 18%. However, the company shored up its provisioning significantly (INR9.8bn, 0.4% of loans) in GS III as well as early-bucket assets.
LIC Housing Finance Ltd. is trading above it's 100 day SMA of 369.1