BSE:511676

Stock Analysis Report

GIC Housing Finance

Executive Summary

GIC Housing Finance Limited provides housing finance services in India.

Snowflake

Fundamentals

Undervalued established dividend payer.


Similar Companies

Share Price & News

How has GIC Housing Finance's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.0%

511676

1.9%

IN Mortgage

1.6%

IN Market


1 Year Return

-45.2%

511676

0.8%

IN Mortgage

0.8%

IN Market

Return vs Industry: 511676 underperformed the Indian Mortgage industry which returned 0.8% over the past year.

Return vs Market: 511676 underperformed the Indian Market which returned 0.8% over the past year.


Shareholder returns

511676IndustryMarket
7 Day-1.0%1.9%1.6%
30 Day-25.7%-5.2%1.5%
90 Day-49.1%-14.7%-3.3%
1 Year-43.5%-45.2%2.2%0.8%2.7%0.8%
3 Year-57.7%-59.9%39.3%33.5%22.0%16.0%
5 Year-7.6%-15.9%100.4%87.1%42.3%29.3%

Price Volatility Vs. Market

How volatile is GIC Housing Finance's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is GIC Housing Finance undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: 511676 (₹132.7) is trading below our estimate of fair value (₹291.83)

Significantly Undervalued: 511676 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 511676 is good value based on its PE Ratio (5.2x) compared to the Mortgage industry average (10.4x).

PE vs Market: 511676 is good value based on its PE Ratio (5.2x) compared to the Indian market (13.1x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate 511676's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 511676 is good value based on its PB Ratio (0.6x) compared to the IN Mortgage industry average (1x).


Next Steps

Future Growth

How is GIC Housing Finance forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

9.6%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as GIC Housing Finance has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has GIC Housing Finance performed over the past 5 years?

13.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 511676's earnings have grown by 13.2% per year over the past 5 years.

Accelerating Growth: 511676's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 511676 had negative earnings growth (-26.9%) over the past year, making it difficult to compare to the Mortgage industry average (-1.6%).


Return on Equity

High ROE: 511676's Return on Equity (10.9%) is considered low.


Return on Assets

ROA vs Industry: 511676's Return on Assets is below or equal to the Mortgage industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate 511676's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is GIC Housing Finance's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: 511676 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 511676's debt is covered by short term assets (assets are 1.101470x debt).


Financial Institutions Analysis

Asset Level: 511676's level of assets compared to its equity is moderate.

Allowance for Bad Loans: Insufficient data to determine if 511676 has a sufficient allowance for bad loans.

Low Risk Liabilities: 511676 reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if 511676 has an acceptable proportion of non-loan assets held.

Low Risk Deposits: 511676 has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if 511676 has an appropriate level of bad loans.


Next Steps

Dividend

What is GIC Housing Finance's current dividend yield, its reliability and sustainability?

4.14%

Current Dividend Yield


Dividend Yield vs Market

company4.1%marketbottom25%0.6%markettop25%2.5%industryaverage1.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 511676's dividend (4.14%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).

High Dividend: 511676's dividend (4.14%) is in the top 25% of dividend payers in the Indian market (2.49%)

Stable Dividend: 511676's dividends per share have been stable in the past 10 years.

Growing Dividend: 511676's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (21.6%), 511676's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of GIC Housing Finance's salary, the management and board of directors tenure and is there insider trading?

1.8yrs

Average board tenure


CEO

Neera Saxena (57yo)

1.2yrs

Tenure

₹3,330,231

Compensation

Mrs. Neera M. Saxena has been Chief Executive Officer, Managing Director and Director of GIC Housing Finance Limited since August 3, 2018. She is a Direct Recruit Officer of 1986 generalist batch of New In ...


CEO Compensation Analysis

Compensation vs. Market: Neera's total compensation ($USD46.95K) is too low to compare against companies of similar size in the Indian market ($USD25.38K).

Compensation vs Earnings: Insufficient data to compare Neera's compensation with company performance.


Board Age and Tenure

1.8yrs

Average Tenure

58yo

Average Age

Experienced Board: 511676's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Mahesh Ghagre

    Senior Vice President

    • Tenure: 0yrs
  • S. Sridharan

    CFO, Senior VP

    • Tenure: 0yrs
    • Compensation: ₹3.34m
  • N. Ragothaman

    Business Head of Diamond Harbour & Business Head of Kolkata

    • Tenure: 0yrs
  • K. Jagadish

    Business Head of Noida

    • Tenure: 0yrs
  • Sanjay Koppikar

    Business Head of Chennai

    • Tenure: 0yrs
  • Santosh Singh

    Business Head of Garia

    • Tenure: 0yrs
  • V. Jayaram

    Business Head of Trivandrum

    • Tenure: 0yrs
  • Rohit Medhekar

    Business Head of Kalyan

    • Tenure: 0yrs
  • Yogesh Deshpande

    Business Head of Pune

    • Tenure: 0yrs
  • Neera Saxena (57yo)

    CEO, MD & Director

    • Tenure: 1.2yrs
    • Compensation: ₹3.33m

Board Members

  • Kamlesh Vikamsey (59yo)

    Non-Executive & Independent Director

    • Tenure: 6.1yrs
    • Compensation: ₹330.00k
  • Ramasamy Venkataraman

    Non-Executive & Independent Director

    • Tenure: 6.1yrs
    • Compensation: ₹480.00k
  • N. S. R. Prasad

    Non-Executive & Independent Director

    • Tenure: 2.2yrs
    • Compensation: ₹360.00k
  • Angara Girija Kumar (59yo)

    Non-Executive Director

    • Tenure: 2.2yrs
  • Girish Radhakrishnan (58yo)

    Non-Executive Director

    • Tenure: 0.9yrs
  • Tajinder Mukherjee (58yo)

    Non-Executive Director

    • Tenure: 0.9yrs
  • Mona Bhide

    Non-Executive & Independent Director

    • Tenure: 6.1yrs
    • Compensation: ₹390.00k
  • Atul Sahai (57yo)

    Non-Executive Director

    • Tenure: 0.7yrs
  • Neera Saxena (57yo)

    CEO, MD & Director

    • Tenure: 1.2yrs
    • Compensation: ₹3.33m
  • Sashikala Muralidharan (59yo)

    Non-Executive Director

    • Tenure: 1.3yrs

Company Information

GIC Housing Finance Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: GIC Housing Finance Limited
  • Ticker: 511676
  • Exchange: BSE
  • Founded: 1989
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: ₹7.232b
  • Shares outstanding: 53.85m
  • Website: https://www.gichfindia.com

Number of Employees


Location

  • GIC Housing Finance Limited
  • National Insurance Building
  • 6th Floor
  • Mumbai
  • Maharashtra
  • 400020
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
511676BSE (Mumbai Stock Exchange)YesEquity SharesININRMay 1996
GICHSGFINNSEI (National Stock Exchange of India)YesEquity SharesININRMay 1996

Biography

GIC Housing Finance Limited provides housing finance services in India. It grants housing loans to individuals, as well as to persons/entities engaged in construction of houses/flats for residential purpos ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 12:34
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.