90.10 -3.75 (-4.00%)
NSESep 24, 2020 03:31 PM
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|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2019-03-30||GIC Housing Finance ..||CD Equisearch||268.50||349.00||268.50 (-66.44%)||Buy|
Despite the funding environment remaining constrained in the NBFC sector, GICHFL reported decent loan book growth of 17.3% (yoy) last quarter, galvanized by robust growth in housing loan portfolio. However,...
|2018-04-26||GIC Housing Finance ..||Edelweiss||426.80||567.00||426.80 (-78.89%)||Buy|
|2018-03-26||GIC Housing Finance ..||CD Equisearch||359.00||529.00||359.00 (-74.90%)||Buy|
With main focus on housing loans, GIC has managed to grow its loan book at a CAGR of 19.1% from FY12 to FY17 and keeping up its growth momentum, its loan book grew by 19.3%(yoy) in 9MFY18 to Rs 10,690 crs ($1672.2m). Sanctions and disbursements were up by an impressive 53.6% and 44.0% (yoy) respectively last quarter and with PMAY scheme launched...
|2018-03-22||GIC Housing Finance ..||Choice India||362.80||500.00||362.80 (-75.17%)||Buy|
GIC Housing Finance Ltd. (GICHF), incorporated in Dec 1989, is one of the old housing finance companies in India. Loan book of the company has been growing at significant at ~20% over the past few quarters, NIM was maintained at around 3.8%. While competitive lending rate and rising yield can put pressure on margins, the company is moving into a ambit of strong growth and profitability which would provide support to sustain NIM at comfortable level. GNPA at 3.3% by Q3FY18 was on higher side compared to peers, efforts related to R&U; of NPAs and reducing exposure to LAP portfolio are the key GICHF's initiatives towards improving assets...
|2018-02-02||GIC Housing Finance ..||Edelweiss||406.30||530.00||406.30 (-77.82%)||Buy|
GIC Housing Finance (GICHF) Q3FY18 financial results was broadly in-line with our estimates. Net interest income grew 21% YoY to INR 93cr on back of 19% growth in loan & advances and marginal...
|2017-10-28||GIC Housing Finance ..||Edelweiss||489.95||652.00||489.95 (-81.61%)||Buy|
|2017-09-05||GIC Housing Finance ..||ICICI Securities Limited||531.75||531.75 (-83.06%)||Mgmt Note|
ICICI Securities Limited
We met the management of GIC Housing Finance (GICHF) to get an insight into the company's growth plans and the housing finance industry. The company was incorporated in 1989 and promoted by GIC of India and other government general insurance companies like National Insurance, New India Assurance, Oriental Insurance and United India Insurance. As on FY17, the loan book was | 9277 crore. The company had 65 branches mainly in the western region. Credit traction expected to be better than previous trend...
|2017-08-17||GIC Housing Finance ..||Edelweiss||510.75||652.00||510.75 (-82.36%)||Buy|
|2017-07-20||GIC Housing Finance ..||CD Equisearch||551.10||628.00||551.10 (-83.65%)||Accumulate|
demand in affordable housing due to rapidly rising urban population, India's low mortgage penetration, favorable funding scenario coupled with government's initiative for Housing For All by 2022' are doubtlessly tantalizing. Yet, itss deteriorating asset qualityquality GNPA of 2.3% from 1.8% in FY16 and Net NPA of 0.3% from nil in FY16 cannot be sorely undermined either.. Nevertheless, impressive growth in the loan book (CAGR: 18.1%) should help its earnings...
|2017-04-07||GIC Housing Finance ..||Edelweiss||453.00||578.00||453.00 (-80.11%)||Target met||Buy|
|2016-10-04||GIC Housing Finance ..||CD Equisearch||335.15||405.00||335.15 (-73.12%)||Target met||Buy|
To keep pace with the competition around, GICHFL managed to start off well in the year with a loan book growth of 19.2% achieved in Q1FY17 yo-y. The book size of ~Rs 8210 crs ($1234.0m) is strengthened by the high yielding LAP (loan against property) portfolio which brings additional 200-250 bps yield than the home loans. Despite continuous foreclosures, the company is able to sustain the growth in the portfolio. The disbursement in the last quarter leaped 15.3% to Rs 626 crs ($94.1m) as against Rs 543 crs ($81.6m) in Q1FY16, and...
|2016-09-26||GIC Housing Finance ..||HDFC Securities||326.10||348.00||326.10 (-72.37%)||Target met||Buy|
|2012-10-18||GIC Housing Finance ..||Nirmal Bang||140.00||Target met||Buy|
GIC Housing Finance is a small size housing finance company catering mainly to the middle and lower middle income customers with a ticket size of ~Rs 10-15 lakhs. It is more concentrated in the Western and the...