ContextTalking point
Stock has lagged the business
Over 5 years profit compounded at 15.4% a year while the stock returned 3.6% a year.
Importance 57 / 95 · business vs stock
Lic Housing Finance · Research view
Lic Housing Finance Ltd.
NSE: LICHSGFINBSE: 500253ISIN INE115A01026Face value ₹2standalone
₹511
−4.09% · 2026-10-01 · 52-wk ₹461–₹593
Financials to FY2026 · 8 years of history · prices to 2026-10-01consolidatedstandalone
Section 02 · Synthesis
What stands out?
The strongest observations the engine found, ranked. Every line is generated from the filed numbers by a fixed rule — no opinion, no estimate.
StrengthConcernWatchContext
Context
Lower P/E than peers
Trades at 4.90× earnings — 67% below the finance median of 14.84×.
Importance 55 / 95 · valuation
StrengthTalking point
Book value compounding
Net worth compounded at 14.2% a year over 7 years (₹16,333 → ₹41,433).
Importance 54 / 95 · financial health
Section 03 · The company
Who is this company?
Classified by the exchange under Financial Services › Financial Services › Finance › Housing Finance Company.
- Market cap
- ₹28,098 cr
- FY2026 revenue
- ₹28,765 cr
- FY2026 net profit
- ₹5,595 cr
- Net worth
- ₹41,326 cr
- Total debt
- —net cash
- EPS (basic)
- ₹101.72
- Listed
- NSE · BSE
- Reporting
- Ind-AS (NBFC)Apr–Mar
Peer set used on this page: 14 finance.
Section 04 · Business performance
Is the business growing?
RevenueNet profit
Strength
Over 7 years profit compounded at 12.7% a year while revenue compounded at 7.5% a year — though FY2024 saw a one-off step-change of 65% (a merger, restructuring or a recovery off a low base), so the compounding is uneven.
Rule PROFIT_CAGR_VS_REVENUE_CAGR
- Revenue growth per year
- +7.5%over 7 years
- Revenue growth
- +2.5%vs last year
- Net profit growth
- +3.1%vs last year
- Change in net profit since FY19
- +130%
Revenue has compounded at 7.5% a year over 7 years (₹17,393 → ₹28,837) — steady rather than rapid.
Section 05 · Recent activity
What changed recently?
Quarterly results, the trailing-twelve-months snapshot, and verified corporate actions — kept separate from each other and from the annual story above. Every figure traces to a filed number; nothing here is external news or commentary.
Strength
Q1 FY27 EBITDA margin was 97.1%, up 3.63 percentage points from 93.4% a year earlier.
Rule QTR_MARGIN_CHANGED_YOY
Strength
Q1 FY27 net profit of ₹1,499 cr is the highest of the 16 quarters on record for this company.
Rule QTR_PROFIT_AT_RECORD
A. Quarterly results
RevenueNet profit
| Quarter | Revenue | YoY | Net profit | YoY | Net margin |
|---|---|---|---|---|---|
| Q2 FY25 | 6,938 | — | 1,328 | — | 19.1% |
| Q3 FY25 | 7,070 | +3.9% | 1,435 | +22.8% | 20.3% |
| Q4 FY25 | 7,306 | +5.1% | 1,374 | +27.0% | 18.8% |
| Q1 FY26 | 7,250 | +6.7% | 1,364 | +4.4% | 18.8% |
| Q2 FY26 | 7,179 | +3.5% | 1,349 | +1.6% | 18.8% |
| Q3 FY26 | 7,209 | +2.0% | 1,398 | −2.6% | 19.4% |
| Q4 FY26 | 7,212 | −1.3% | 1,493 | +8.7% | 20.7% |
| Q1 FY27 | 7,083 | −2.3% | 1,499 | +9.9% | 21.2% |
B. TTM snapshot
Trailing twelve months to 30 Jun 2026 · sum of the last 4 contiguous quarters
- Revenue
- ₹28,683 crTTM
- EBITDA
- ₹27,090 crTTM
- EBIT
- ₹26,963 crTTM
- PBT
- ₹7,295 crTTM
- Net profit
- ₹5,739 crTTM
C. Corporate actions
21 Aug 2026DividendFinal Dividend - Rs. - 10.0000 — ₹10.00/share
22 Aug 2025DividendFinal Dividend - Rs. - 10.0000 — ₹10.00/share
23 Aug 2024DividendFinal Dividend - Rs. - 9.0000 — ₹9.00/share
18 Aug 2023DividendFinal Dividend - Rs. - 8.5000 — ₹8.50/share
19 Sept 2022DividendDividend - Rs. - 8.5000 — ₹8.50/share
16 Sept 2021DividendDividend - Rs. - 8.5000 — ₹8.50/share
17 Sept 2020DividendDividend - Rs. - 8.0000 — ₹8.00/share
16 Aug 2019DividendDividend - Rs. - 7.6000 — ₹7.60/share
9 Aug 2018DividendDividend - Rs. - 6.8000 — ₹6.80/share
8 Aug 2017DividendDividend - Rs. - 6.2000 — ₹6.20/share
9 Aug 2016DividendDividend - Rs. - 5.5000 — ₹5.50/share
7 Aug 2015DividendDividend - Rs. - 5.0000 — ₹5.00/share
7 Aug 2014DividendDividend - Rs. - 4.5000 — ₹4.50/share
9 Jul 2013DividendDividend - Rs. - 3.8000 — ₹3.80/share
6 Jul 2012DividendDividend - Rs. - 3.6000 — ₹3.60/share
4 Jul 2011DividendDividend - Rs. - 3.5000 — ₹3.50/share
30 Dec 2010Stock splitStock Split From Rs.10/- to Rs.2/- — 10:2
29 Jun 2010DividendDividend - Rs. - 15.0000 — ₹15.00/share
29 Jun 2009DividendDividend - Rs. - 13.0000 — ₹13.00/share
13 Jun 2008DividendDividend - Rs. - 10.0000 — ₹10.00/share
20 Jun 2001DividendDividend - Rs. - 4.0000 — ₹4.00/share
Section 06 · Business performance
Is it becoming more profitable?
EBITDA marginNet margin
Margin and return trends are shown above.
- EBITDA margin now
- 93.8%
- 8-year range
- 85.3–94.4%
- ROE FY2026
- 14.4%
- ROCE FY2026
- —
Section 07 · Financial health
Is financial health improving?
Net worth (shareholders' funds)
Strength
Net worth compounded at 14.2% a year over 7 years (₹16,333 → ₹41,433).
Rule NET_WORTH_COMPOUNDING
Operating cash flowNet profit
- Total debt
- —
- Operating cash flow ÷ net profit
- -1.53×FY2026
- Free cash flow
- ₹−8,591 cr
- Current ratio
- —
Section 08 · Relative position
How does it compare with peers?
Ranked against 14 finance (FY2026, consolidated).
Revenue growth
LICHSGFIN · 12th of 13 · set median 15.1%
EBITDA margin
LICHSGFIN · 4th of 14 · set median 77.7%
Return on equity
LICHSGFIN · 9th of 14 · set median 15.1%
P/E ratio
LICHSGFIN · 3rd of 14 · set median 14.8×
Context
Trades at 4.90× earnings — 67% below the finance median of 14.84×.
Rule PE_BELOW_PEERS
- P / E
- 4.9×TTM to Jun 26
- P / B
- 0.7×latest book
- P / S
- 1.0×TTM sales
- Earnings yield
- 20.4%TTM to Jun 26
On the trailing twelve months. Last full year: P/E 5.0× · P/S 1.0× · ROE 14.4%.
Section 09 · The stock
How has the stock performed?
Context
Over 5 years profit compounded at 15.4% a year while the stock returned 3.6% a year.
Rule STOCK_LAGGED_EARNINGS
- 1-year return
- −11.6%
- 3-year return
- +9.9%
- 5-year return
- +19.3%
- From 52-wk high
- −14.0%
Section 10 · Technical data
What does the technical data say?
Price-action indicators as of 2026-10-01. Secondary to the fundamentals above — included for timing context, not as a signal.
- vs 50-day avg
- Below₹533
- vs 200-day avg
- Below₹534
- RSI (14)
- 35.7neutral
- MACD histogram
- -5.2
- From 52-wk high
- −14.0%
- From 52-wk low
- +10.8%
- 30-day volatility
- 32.5%ann.
- 6-month return
- +3.1%
Section 11 · Open questions
What should I investigate further?
Observations the engine tagged watch or deteriorating — prompts for your own research, not conclusions.
Nothing is flagged for review for this company.
- Cash-flow-statement facts are unavailable for FY2019, FY2020 — those filings predate SEBI's Cash Flow Statement disclosure requirement. All other loaded years carry full P&L, balance sheet and cash-flow data.
Section 12 · Reference
The numbers
The full statements, kept deliberately secondary. Every figure traces to a BSE Integrated Filing (inline XBRL); ratios are recomputed from the normalised facts.
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 17,362 | 19,697 | 19,853 | 199 | 22,657 | 27,228 | 28,050 | 28,765 |
| Total income | 17,362 | 19,670 | 19,848 | 200 | 22,674 | 27,235 | 28,056 | 28,772 |
| EBITDA | 16,283 | 18,101 | 17,851 | 170 | 19,809 | 24,510 | 26,482 | 26,973 |
| Profit before tax | 3,380 | 3,269 | 3,349 | 28 | 3,557 | 6,054 | 6,856 | 7,081 |
| Net profit | 2,431 | 2,402 | 2,734 | 23 | 2,891 | 4,765 | 5,429 | 5,595 |
| EPS (₹) | 48.2 | 47.6 | 54.2 | 43.1 | 52.6 | 86.6 | 98.7 | 101.7 |
| Net worth | 16,259 | 18,193 | 20,521 | 247 | 27,100 | 31,395 | 36,257 | 41,326 |
| Operating cash flow | — | — | −11,351 | −167 | −19,621 | −7,055 | −16,689 | −8,539 |
| Free cash flow | — | — | −11,362 | −168 | −19,678 | −7,092 | −16,709 | −8,591 |
| Ratio | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| Growth | ||||||||
| Revenue growth YoY | — | 13.4 | 0.8 | — | — | 20.2 | 3.0 | 2.5 |
| Profit growth YoY | — | -1.2 | 13.8 | — | — | 64.8 | 13.9 | 3.1 |
| Profitability | ||||||||
| EBITDA margin % | 93.8 | 91.9 | 89.9 | 85.3 | 87.4 | 90.0 | 94.4 | 93.8 |
| Net margin % | 14.0 | 12.2 | 13.8 | 11.5 | 12.8 | 17.5 | 19.4 | 19.4 |
| Return on equity % | 15.0 | 13.9 | 14.1 | 0.2 | 21.1 | 16.3 | 16.0 | 14.4 |
| Return on capital % | — | — | — | — | — | — | — | — |
| Leverage & cash | ||||||||
| Debt to equity | — | — | — | — | — | — | — | — |
| Cash flow ÷ profit | — | — | -4.15 | -7.32 | -6.79 | -1.48 | -3.07 | -1.53 |
| Current ratio | — | — | — | — | — | — | — | — |