LIC Housing Finance Ltd.

•

lichousing.comBSE: 500253NSE: LICHSGFIN

Market Cap₹ 30,617 Cr.

Current Price

High / Low₹ 598 / 459

Stock P/E5.3

Book Value₹ 778

Price to Book0.66

Dividend Yield1.80 %

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%
Operating margins have improved to 93.7% from 87.4%
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	82.93	663.40	69100.05	0.00	715.28	22.63	3063.02	17.79	8.83	92.39
2.	PIRAMALFIN	2311.65	32.42	54700.64	0.48	460.98	—	3368.27	33.52	7.74	64.47
3.	HUDCO	175.45	8.25	35123.34	3.45	851.11	35.05	3717.17	27.10	8.41	97.08
4.	LICHSGFIN	556.60	5.34	30616.51	1.80	1499.03	9.90	7082.59	-1.16	8.59	97.06
5.	PNBHOUSING	1142.90	12.88	29807.28	0.70	557.34	4.47	2263.44	9.02	9.41	91.52
6.	AADHARHFC	471.70	18.12	20670.21	0.00	282.36	19.00	992.89	17.06	11.31	75.02
7.	SAMMAANCAP	150.05	0.00	17474.18	0.00	243.30	-27.22	1651.93	-31.18	-4.70	99.91
8.	APTUS	258.20	13.13	12931.44	1.74	260.94	19.01	600.29	15.38	15.45	81.94
9.	HOMEFIRST	1202.80	21.63	12576.41	0.43	1598.51	1244.52	5380.11	1086.05	11.13	77.98
10.	CANFINHOME	787.55	9.28	10486.59	1.90	267.82	19.63	1096.15	7.43	9.14	91.29
11.	AAVAS	1292.95	20.89	10252.36	0.00	142.48	12.34	546.02	21.42	9.97	74.58
12.	INDIASHLTR	667.55	14.48	7287.46	1.50	137.59	27.24	408.23	24.73	12.96	73.07

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	6,742	6,742	6,770	6,920	6,778	6,872	6,981	7,143	7,149	7,067	7,092	7,060	7,062
	585	666	680	793	384	365	288	534	463	439	470	443	5,177
Operating Profit	6,162	6,086	6,113	6,143	6,400	6,561	6,769	6,747	6,770	6,725	6,717	6,751	6,862
OPM %	91.39%	90.28%	90.29%	88.77%	94.43%	95.48%	96.96%	94.46%	94.70%	95.16%	94.72%	95.64%	97.17%
Other Income	0	6	0	0	0	6	0	0	0	6	0	0	3
Interest	4,494	4,600	4,646	4,650	4,750	4,880	4,951	4,952	5,047	4,995	4,942	4,787	4,948
Depreciation	18	12	17	17	22	23	24	25	24	31	33	30	29
	1,649	1,480	1,449	1,476	1,628	1,664	1,793	1,770	1,699	1,705	1,743	1,934	1,888
Tax %	19.73%	19.73%	19.73%	26.11%	20.16%	20.16%	20.16%	22.70%	19.97%	20.58%	20.58%	22.58%	21.19%
Net Profit	1,324	1,188	1,163	1,091	1,300	1,329	1,432	1,368	1,360	1,354	1,384	1,497	1,488
	24	22	21	20	24	24	26	25	25	25	25	27	3

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	14,052	14,837	17,358	19,697	19,847	19,919	22,657	27,228	28,037	28,765	28,281
	1,022	921	1,082	1,602	2,002	2,945	2,866	2,725	1,561	1,805	6,529
Operating Profit	13,030	13,916	16,276	18,095	17,845	16,974	19,791	24,504	26,477	26,960	21,752
OPM %	92.73%	93.79%	93.77%	91.87%	89.91%	85.21%	87.35%	89.99%	94.43%	93.73%	76.92%
	166	4	7	7	6	34	17	6	9	14	10
Interest	10,231	11,144	12,892	14,784	14,453	14,177	16,186	18,391	19,536	19,775	19,673
Depreciation	9	10	12	48	49	52	66	65	94	118	123
Profit before Tax	2,956	2,766	3,380	3,269	3,349	2,778	3,557	6,054	6,856	7,081	7,270
Tax %	34.67%	27.59%	28.07%	26.53%	18.34%	17.67%	18.72%	21.28%	20.81%	20.98%	21.27%
Net Profit	1,931	2,002	2,431	2,402	2,734	2,287	2,891	4,765	5,429	5,595	5,724
EPS	38.26	39.68	48.17	47.59	54.18	43.14	52.56	86.63	98.69	101.71	—
Dividend Payout %	16.20%	17.14%	15.78%	16.81%	15.69%	20.44%	16.17%	10.39%	10.13%	9.83%	—

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:: 7%
1 Year:: -2%

RETURN ON EQUITY

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

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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
	10,976	14,140	16,158	18,092	20,420	24,562	26,990	31,285	36,147	41,215
	1,32,852	1,51,475	1,78,998	1,92,549	2,09,662	2,24,382	2,45,645	2,52,963	2,70,854	2,77,797
Trade Payables	59	61	80	35	96	64	39	193	230	95
	6,912	4,870	4,693	5,508	4,441	4,082	3,739	4,977	5,267	4,827
Total Liabilities	1,50,900	1,70,648	2,00,030	2,16,286	2,34,720	2,53,199	2,76,524	2,89,528	3,12,607	3,24,044
	97	97	136	254	243	286	356	361	351	384
Capital Work in Progress	0	0	0	0	0	0	1	0	0	0
	527	1,972	3,595	5,496	4,636	6,199	6,976	6,277	6,872	5,050
	0	0	0	0	0	0	0	0	0	0
Cash & Bank	4,463	2,096	3,014	1,979	1,347	937	742	1,573	1,301	752
	1,45,814	1,66,482	1,93,286	2,08,556	2,28,495	2,45,777	2,68,448	2,81,318	3,04,083	3,17,857
Total Assets	1,50,900	1,70,648	2,00,030	2,16,286	2,34,720	2,53,199	2,76,524	2,89,528	3,12,607	3,24,044

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	6,145	3,522	5,294	-3,393	5,180	3,445	5,369	7,302	5,345	5,369
Cash from Investing	-283	1,380	-1,656	-1,879	884	-1,601	-830	579	-663	1,776
Cash from Financing	15,073	18,085	24,078	15,158	16,274	17,835	20,239	7,300	17,542	6,210
	511	460	893	-1,436	-37	-507	-203	818	-147	-553

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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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