LIC Housing Finance Ltd.

•

lichousing.comBSE: 500253NSE: LICHSGFIN

Market Cap₹ 30,944 Cr.

Current Price

High / Low₹ 598 / 459

Stock P/E5.4

Book Value₹ 780

Price to Book0.66

Dividend Yield1.78 %

ROCE8.6 %

ROE14.4 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Loans: 99.5% • Other Segments: 0.5%

AI Sector View

AI GENERATED

Financial Services

Buy

Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.

Confidence

84%

View full sector analysis →

PROS

Comfortable capital adequacy - CAR of 25.5%
Solid return on assets for a lender - ROA of 1.8%
Company has consistently been profitable over the last 5 years
Operating margins have improved to 93.6% from 87.0%
Company has a consistent dividend-paying track record
Attractively priced for its growth - PEG of 0.2

CONS

Company has a low return on capital employed of 8.8%
Free cash flow has been persistently negative
Company has delivered a poor sales growth of 7.7% over past five years
Though reporting repeated profits, the company pays out little dividend (9.8%)
Company's return on assets is weak at 1.8%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Financial ServicesFinanceFinance - Housing

Part ofNIFTYLARGEMIDCAP250 NIFTYMIDCAP150 NIFTY MIDCAP 100 NIFTY MIDCAP 150 NIFTY FIN SERVICE

S.No.	Name
1.	BAJAJHFL	84.16	673.24	70124.93	0.00	715.28	22.63	3063.02	17.79	8.83	92.39
2.	PIRAMALFIN	2256.30	31.65	53390.90	0.49	460.98	—	3368.27	33.52	7.74	64.47
3.	HUDCO	172.70	8.12	34572.81	3.50	851.11	35.05	3717.17	27.10	8.41	97.08
4.	LICHSGFIN	562.55	5.39	30943.79	1.78	1499.03	9.90	7082.59	-1.16	8.59	97.06
5.	PNBHOUSING	1175.00	13.24	30644.46	0.68	557.34	4.47	2263.44	9.02	9.41	91.52
6.	AADHARHFC	456.35	17.53	19997.56	0.00	282.36	19.00	992.89	17.06	11.31	75.02
7.	SAMMAANCAP	147.45	0.00	17171.39	0.00	243.30	-27.22	1651.93	-31.18	-4.70	99.91
8.	APTUS	249.30	12.68	12485.70	1.81	260.94	19.01	600.29	15.38	15.45	81.94
9.	HOMEFIRST	1184.65	21.31	12386.64	0.44	1598.51	1244.52	5380.11	1086.05	11.13	77.98
10.	CANFINHOME	781.05	9.21	10400.04	1.92	267.82	19.63	1096.15	7.43	9.14	91.29
11.	AAVAS	1275.10	20.61	10110.82	0.00	142.48	12.34	546.02	21.42	9.97	74.58
12.	INDIASHLTR	652.05	14.15	7118.25	1.53	137.59	27.24	408.23	24.73	12.96	73.07

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	6,753	6,755	6,781	6,932	6,791	6,883	6,994	7,165	7,166	7,083	7,114	7,077	7,083
	602	670	686	799	392	372	297	545	475	450	478	463	5,187
Operating Profit	6,157	6,096	6,119	6,149	6,405	6,566	6,773	6,759	6,775	6,729	6,731	6,749	6,875
OPM %	91.17%	90.24%	90.23%	88.71%	94.32%	95.38%	96.84%	94.33%	94.55%	95.01%	94.62%	95.36%	97.06%
Other Income	0	0	0	0	0	1	0	0	0	1	5	0	3
Interest	4,493	4,600	4,646	4,649	4,749	4,879	4,950	4,951	5,046	4,994	4,941	4,786	4,946
Depreciation	19	13	18	18	22	24	25	26	25	32	34	31	30
	1,645	1,483	1,454	1,482	1,633	1,664	1,798	1,781	1,704	1,703	1,762	1,931	1,901
Tax %	19.81%	19.63%	19.78%	27.00%	20.15%	20.27%	20.21%	22.82%	19.98%	20.77%	20.67%	22.83%	21.15%
Net Profit	0	0	0	0	1,306	1,328	1,435	1,374	1,364	1,349	1,398	1,493	1,499
	24	22	21	20	24	24	26	25	25	25	25	27	3

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	14,072	14,875	17,395	19,737	19,882	19,974	22,714	27,277	28,097	28,837	28,356
	1,025	940	1,104	1,626	2,018	3,012	2,964	2,756	1,595	1,858	6,579
Operating Profit	13,048	13,934	16,292	18,110	17,864	16,963	19,750	24,521	26,502	26,980	21,777
OPM %	92.72%	93.68%	93.65%	91.76%	89.85%	84.92%	86.95%	89.90%	94.32%	93.56%	76.80%
	167	2	3	5	4	31	14	1	3	13	9
Interest	10,231	11,144	12,891	14,782	14,450	14,151	16,135	18,388	19,532	19,771	19,668
Depreciation	10	10	12	51	52	55	69	69	98	122	127
Profit before Tax	2,973	2,782	3,392	3,282	3,365	2,787	3,561	6,068	6,879	7,103	7,297
Tax %	34.69%	27.82%	28.23%	26.77%	18.54%	17.98%	18.80%	21.50%	20.88%	21.11%	21.39%
Net Profit	1,942	2,008	2,434	2,404	2,741	2,286	2,891	4,763	5,443	5,604	5,736
EPS	38.49	39.85	48.23	47.63	54.32	43.12	52.56	86.58	98.93	101.87	—
Dividend Payout %	16.11%	17.04%	15.76%	16.85%	15.65%	20.45%	16.17%	10.39%	10.11%	9.82%	—

COMPOUNDED SALES GROWTH

10 Years:: 9%
5 Years:: 8%
3 Years:: 8%

COMPOUNDED PROFIT GROWTH

10 Years:: 13%
5 Years:: 15%
3 Years:: 25%

STOCK PRICE CAGR

10 Years:: 0%
5 Years:: 6%
3 Years:: 9%
1 Year:: 0%

RETURN ON EQUITY

10 Years:: 15%
5 Years:: 14%
3 Years:: 16%
Last Year:: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	101	101	101	101	101	110	110	110	110	110
Minority Interest	2	2	2	2	3	3	3	3	4	4
	11,055	14,210	16,230	18,164	20,500	24,641	27,075	31,367	36,242	41,319
	1,32,861	1,51,473	1,78,988	1,92,512	2,09,598	2,24,330	2,45,598	2,52,972	2,70,801	2,77,789
Trade Payables	51	53	75	31	86	54	34	71	216	95
	6,927	4,940	4,750	5,583	4,515	4,177	3,844	5,172	5,345	4,835
Total Liabilities	1,50,997	1,70,779	2,00,146	2,16,393	2,34,803	2,53,315	2,76,663	2,89,695	3,12,718	3,24,152
	102	129	168	294	282	315	388	360	348	387
Capital Work in Progress	5	3	2	3	3	3	1	0	0	0
	537	2,008	3,617	5,485	4,644	6,279	7,050	6,337	6,941	5,132
	0	0	0	0	0	0	0	10	12	8
Cash & Bank	4,523	2,143	3,053	2,037	1,385	985	822	1,655	1,359	804
	1,45,830	1,66,495	1,93,305	2,08,574	2,28,489	2,45,734	2,68,403	2,81,333	3,04,058	3,17,820
Total Assets	1,50,997	1,70,779	2,00,146	2,16,393	2,34,803	2,53,315	2,76,663	2,89,695	3,12,718	3,24,152

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	6,158	3,571	5,337	-3,376	5,243	3,462	5,356	7,213	5,374	5,381
Cash from Investing	-278	1,368	-1,642	-1,851	858	-1,628	-800	587	-679	1,752
Cash from Financing	15,072	18,074	24,068	15,156	16,245	17,850	20,249	7,346	17,534	6,192
	521	465	887	-1,434	-37	-507	-183	781	-123	-560

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	45.24	45.24	45.24	45.24	45.24	45.24	45.24	45.24	45.24
	23.19	21.95	21.24	21.55	20.26	20.17	20.36	21.39	21.47
	21.22	20.53	21.44	21.34	22.20	22.14	21.81	20.89	21.02
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	10.35	12.29	12.08	11.87	12.30	12.45	12.59	12.48	12.27

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-03

Shareholders meeting

2026-09-03 - Transcript of 37th AGM

2026-08-31

Change in Management

2026-08-31 - LIC Housing Finance Limited has informed the Exchange about change in Senior Management-Cessation of I Sreedhar

2026-08-28

Appointment

2026-08-28 - LIC Housing Finance Limited has informed the Exchange regarding Appointment of Mr Sandeep Kumar as Managing Director & CEO of the company w.e.f. August 29, 2026.

2026-08-28

Cessation

2026-08-28 - LIC Housing Finance Limited has informed the Exchange regarding Cessation of Mr T Adhikari as Managing Director and Chief Executive Officer of the company w.e.f. August 28, 2026.

2026-08-28

Outcome of Board Meeting

2026-08-28 - LIC Housing Finance Limited has informed the Exchange regarding Outcome of Board Meeting held on August 28, 2026.

2026-08-28

Shareholders meeting

2026-08-28 - LIC Housing Finance Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 28, 2026. Further, the company has informed the Exchange regarding voting results.

2026-08-28

Shareholders meeting

2026-08-28 - LIC Housing Finance Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 28, 2026

2026-08-27

Disclosure of material issue

2026-08-27 - LIC Housing Finance Limited has informed regarding Clarification with respect to Media Reports concerning NCLT Order in the Personal Insolvency Proceedings of Dr. Subhash Chandra

2026-08-21

Updates

2026-08-21 - LIC Housing Finance Limited has informed the Exchange regarding 'Clarification of date of submission of documents for Tax on Dividend (TDS) for final Dividend FY 2025-26'.

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