NSEI:DHFL

Stock Analysis Report

Dewan Housing Finance

Executive Summary

Dewan Housing Finance Corporation Limited operates as a housing finance company in India.

Snowflake

Fundamentals

Average dividend payer and fair value.

Risks

  • Dewan Housing Finance has significant price volatility in the past 3 months.
  • Dewan Housing Finance is covered by less than 3 analysts.

Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0.6%

NSEI:DHFL

-3.9%

IN Mortgage

-0.7%

IN Market


1 Year Return

-92.7%

NSEI:DHFL

-6.6%

IN Mortgage

-12.1%

IN Market

DHFL underperformed the Mortgage industry which returned -6.6% over the past year.

DHFL underperformed the Market in India which returned -12.1% over the past year.


Share holder returns

DHFLIndustryMarket
7 Day0.6%-3.9%-0.7%
30 Day-8.4%-8.6%-3.2%
90 Day-62.3%-6.3%-7.6%
1 Year-92.7%-92.7%-5.3%-6.6%-10.3%-12.1%
3 Year-81.1%-81.5%45.6%40.0%18.9%12.8%
5 Year-69.3%-71.5%110.6%96.7%37.6%24.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Dewan Housing Finance undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Dewan Housing Finance's share price is below the future cash flow value, and at a moderate discount (> 20%).

Dewan Housing Finance's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Dewan Housing Finance is loss making, we can't compare its value to the IN Mortgage industry average.

Dewan Housing Finance is loss making, we can't compare the value of its earnings to the India market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Dewan Housing Finance, we can't assess if its growth is good value.


Price Based on Value of Assets

Dewan Housing Finance is good value based on assets compared to the IN Mortgage industry average.


Next Steps

Future Growth

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

97.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Dewan Housing Finance's revenue is expected to grow by 9.9% yearly, however this is not considered high growth (20% yearly).

Dewan Housing Finance's earnings are expected to grow significantly at over 20% yearly.

Dewan Housing Finance's revenue growth is positive but not above the India market average.

Dewan Housing Finance's earnings growth is expected to exceed the India market average.

Dewan Housing Finance's earnings growth is expected to exceed the low risk savings rate of 7.6%.


Earnings per Share Growth Estimates


Future Return on Equity

Dewan Housing Finance is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

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

-3.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Dewan Housing Finance does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Dewan Housing Finance's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Dewan Housing Finance's 1-year growth to the IN Mortgage industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Dewan Housing Finance has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Dewan Housing Finance has efficiently used its assets last year compared to the IN Mortgage industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Dewan Housing Finance improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Dewan 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

Information is not available.

Information is not available.


Financial Institutions Analysis

Unable to establish if Dewan Housing Finance has an acceptable proportion of non-loan assets without balance sheet data.

Unable to establish if Dewan Housing Finance has a sufficient allowance for bad loans without relevant financial data.

Unable to establish if Dewan Housing Finance's liabilities are primarily made up of low risk funding sources without deposits or liabilities data.

Dewan Housing Finance's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).

Dewan Housing Finance reports no customer deposits, loans are made up entirely of borrowed funds.

Unable to establish if Dewan Housing Finance has an acceptable level of bad loans without bad loans data.


Next Steps

Dividend

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

13.15%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Dewan Housing Finance's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.63%).

Dewan Housing Finance's dividend is above the markets top 25% of dividend payers in India (2.52%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

The company is paying a dividend however it is incurring a loss.


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (6.3x coverage).


Next Steps

Management

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

10.1yrs

Average management tenure


CEO

Kapil Wadhawan (46yo)

18.8yrs

Tenure

₹39,866,665

Compensation

Mr. Kapil Rajeshkumar Wadhawan serves as the Managing Director and Chairman of ArthVeda Fund Management Pvt. Ltd. Mr. Wadhawan has been Chief Executive Officer of Dewan Housing Finance Corporation Ltd. sin ...


CEO Compensation Analysis

Kapil's remuneration is higher than average for companies of similar size in India.

Kapil's compensation has increased whilst company is loss making.


Management Age and Tenure

10.1yrs

Average Tenure

50yo

Average Age

The average tenure for the Dewan Housing Finance management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

0.4yrs

Average Tenure

53yo

Average Age

The average tenure for the Dewan Housing Finance board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

Sell₹3,603,99901 Apr 19
Jayesh Khona
EntityIndividual
Role
Senior Key Executive
Senior Vice President of Special Projects
Shares25,000
Max Price₹144.16
Sell₹3,127,16021 Aug 18
Govindan Srinivasan
EntityIndividual
Shares5,000
Max Price₹625.43

Ownership Breakdown


Management Team

  • Kapil Wadhawan (46yo)

    Chairman

    • Tenure: 18.8yrs
    • Compensation: ₹39.87m
  • Suma Kumar

    General Manager of Human Resources

    • Tenure: 14.3yrs
  • Neelesh Lolayekar

    Deputy Vice President of Technical

    • Tenure: 16.0yrs
  • Madhusudan Parkhi

    General Manager of Legal - Project

    • Tenure: 0.0yrs
  • Harshil Mehta (52yo)

    Executive President of Retail Business

    • Tenure: 0.5yrs
    • Compensation: ₹51.95m
  • Santosh Nair (50yo)

    Chief Business Officer

    • Tenure: 2.3yrs
  • Pranab Goel (46yo)

    Head of Investor Relations

    • Tenure: 0.0yrs
  • Santosh Sharma (51yo)

    Head of Corporate Strategy

    • Tenure: 5.8yrs
    • Compensation: ₹33.14m
  • P. Kumar

    Senior Chief Manager of Secretarial

    • Tenure: 0.0yrs
  • Jayesh Khona

    Senior Vice President of Special Projects

    • Tenure: 0.0yrs

Board Members

  • Sunjoy Joshi (60yo)

    Additional Non-Executive Independent Director

    • Tenure: 0.4yrs
  • Alok Misra (67yo)

    Additional Non-Executive Independent Director

    • Tenure: 0.4yrs
  • Kapil Wadhawan (46yo)

    Chairman

    • Tenure: 18.8yrs
    • Compensation: ₹39.87m
  • Dheeraj Wadhawan (40yo)

    Non-Executive Director

    • Tenure: 11.3yrs
    • Compensation: ₹1.62m
  • Deepali Joshi

    Additional Non-Executive Independent Director

    • Tenure: 0.3yrs
  • Srinath Sridharan

    Additional Non-Executive Director

    • Tenure: 0.4yrs

Company Information

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


Key Information

  • Name: Dewan Housing Finance Corporation Limited
  • Ticker: DHFL
  • Exchange: NSEI
  • Founded: 1984
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: ₹14.420b
  • Shares outstanding: 313.82m
  • Website: https://www.dhfl.com

Number of Employees


Location

  • Dewan Housing Finance Corporation Limited
  • TCG Financial Centre
  • 10th Floor
  • Mumbai
  • Maharashtra
  • 400098
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
511072BSE (Mumbai Stock Exchange)YesEquity SharesININRNov 2002
DHFLNSEI (National Stock Exchange of India)YesEquity SharesININRNov 2002

Biography

Dewan Housing Finance Corporation Limited operates as a housing finance company in India. The company’s deposit products include fixed deposit products for individuals, and trusts and institutions; and cor ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/19 12:52
End of Day Share Price2019/08/19 00:00
Earnings2019/03/31
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.