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15 Sep 2025 |
LIC Housing Finance
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Consensus Share Price Target
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571.75 |
665.11 |
- |
16.33 |
hold
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26 Oct 2015
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LIC Housing Finance
|
Chola Wealth Direct
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571.75
|
574.00
|
487.50
(17.28%)
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Target met |
Buy
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Valuation: The stock is currently trading at P/BV of 2.2X, P/E of 11.8X FY17E. Strong traction in loan book growth and healthy asset quality are amongst the key positives. With, wholesale rates benign, LICHF will be a key beneficiary. We maintain the target price at INR 574/share implying a P/BV of 2.6X on FY17E. We rate the stock an OUTPERFORMER....
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19 Oct 2015
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LIC Housing Finance
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Phillip Capital
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571.75
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570.00
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477.70
(19.69%)
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Target met |
Buy
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Outlook and valuation:Webelieve LICHF is well poisedto deliver stable business growth, healthierspreads,andstrongassetquality.Declininginterestrateandchangeinliabilitymix towards NCDs will further bring down funding cost. Although the declining interestrate...
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16 Oct 2015
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LIC Housing Finance
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HDFC Securities
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571.75
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495.00
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494.80
(15.55%)
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Target met |
Buy
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LIC Housing Finance (LICHF) posted better than expected results for 2QFY16. Core earnings beat was driven by sharp NIM improvement and loan growth. Spread/NIM was boosted by the companys focus on high-yielding loans (LAP and project finance) and decline in CoF.
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14 Sep 2015
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LIC Housing Finance
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Joindre Capital Services
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571.75
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Incremental cost of funds was down at 8.9% as compared to 9.4% in 3QFY15, which should aid NIM expansion. However, the competitive intensity in this segment remains high with large banks vScore: vScore (Value Score) is our proprietary company rating system f and housing finance companies reducing home loan rates by 2025 bps. LICHF has not yet reduced its benchmark lending rate; we expect the company to follow suit. Hence, benefit to NIMs will be limited even as we expect fall in cost of funds Healthy loan growth: Loan growth for the quarter came in at 19%...
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23 Jul 2015
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LIC Housing Finance
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HDFC Securities
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571.75
|
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497.00
(15.04%)
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With strong developer sanctions of Rs 4bn in the current qtr, management hinted at a rise in disbursements in FY16
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22 Jul 2015
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LIC Housing Finance
|
Phillip Capital
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571.75
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570.00
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486.30
(17.57%)
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Target met |
Buy
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LICHF's Q1FY16 PAT at Rs 3.8bn was above our estimate of Rs 3.7bn. Net interest BUY(Maintain) incomeincreased30%yoytoRs6.6bn,whileoperatingprofitgrew25%toRs6.23bn. CMPRS465 NetprovisionwasRs440mncomparedtoRs90mnlastyear,asQ1FY15hadareversal TARGETRS570(+23%)...
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22 Jul 2015
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LIC Housing Finance
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Chola Wealth Direct
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571.75
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574.00
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486.50
(17.52%)
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Target met |
Buy
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Background: LIC Housing Finance (LICHF) provides housing loans to individuals and corporate bodies. The company is also engaged in the home equity space. The company is a distant second player among housing finance companies in India. LIC Housing has an established network of direct selling agents and home loan agents. Through its subsidiary, LIC Housing operates homes for senior citizens. Loans to individuals form ~97% of the loan book with the...
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21 Jul 2015
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LIC Housing Finance
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HDFC Securities
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571.75
|
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465.15
(22.92%)
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Buy
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LICHF surprised positively with earnings ahead of estimates, despite 1Q being a seasonally weak quarter. Spreads and NIMs were stable sequentially led by an improvement in yields. Retail business continues to deliver stable growth with disbursements/loan growth of 9/18% YoY respectively.
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27 Apr 2015
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LIC Housing Finance
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HDFC Securities
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571.75
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438.00
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422.10
(35.45%)
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Target met |
Buy
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Buy LIC Housing Finance at Rs 438.6 and add on dips
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22 Apr 2015
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LIC Housing Finance
|
Chola Wealth Direct
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571.75
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574.00
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441.50
(29.50%)
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Target met |
Buy
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Background: LIC Housing Finance (LICHF) provides housing loans to individuals and corporate bodies. The company is also engaged in the home equity space. The company is a distant second player among housing finance companies in India. LIC Housing has an established network of direct selling agents and home loan agents. Through its subsidiary, LIC Housing operates homes for senior citizens. Loans to individuals form ~97% of the loan book with the...
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