NSEI:IBULHSGFIN

Stock Analysis Report

Indiabulls Housing Finance

Executive Summary

Indiabulls Housing Finance Limited, together with its subsidiaries, operates as a housing finance company.

Snowflake

Fundamentals

Undervalued average dividend payer.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: IBULHSGFIN's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-10.8%

IBULHSGFIN

-0.2%

IN Mortgage

-0.06%

IN Market


1 Year Return

-69.9%

IBULHSGFIN

6.5%

IN Mortgage

4.9%

IN Market

Return vs Industry: IBULHSGFIN underperformed the Indian Mortgage industry which returned 6.5% over the past year.

Return vs Market: IBULHSGFIN underperformed the Indian Market which returned 4.9% over the past year.


Shareholder returns

IBULHSGFINIndustryMarket
7 Day-10.8%-0.2%-0.06%
30 Day-8.0%6.7%1.9%
90 Day-56.0%3.4%9.6%
1 Year-67.4%-69.9%8.0%6.5%6.9%4.9%
3 Year-63.1%-68.3%54.2%48.0%38.5%31.5%
5 Year-38.8%-52.6%89.9%77.2%41.8%29.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

12.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: IBULHSGFIN (₹212.7) is trading below our estimate of fair value (₹242.72)

Significantly Below Fair Value: IBULHSGFIN is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: IBULHSGFIN is good value based on its PE Ratio (2.6x) compared to the Mortgage industry average (10.1x).

PE vs Market: IBULHSGFIN is good value based on its PE Ratio (2.6x) compared to the Indian market (13.2x).


Price to Earnings Growth Ratio

PEG Ratio: IBULHSGFIN is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: IBULHSGFIN is good value based on its PB Ratio (0.5x) compared to the IN Mortgage industry average (1.2x).


Next Steps

Future Growth

How is Indiabulls Housing Finance forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

3.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IBULHSGFIN's forecast earnings growth (3.2% per year) is below the savings rate (7.6%).

Earnings vs Market: IBULHSGFIN's earnings (3.2% per year) are forecast to grow slower than the Indian market (18.8% per year).

High Growth Earnings: IBULHSGFIN's earnings are forecast to grow, but not significantly.

Revenue vs Market: IBULHSGFIN's revenue (4.8% per year) is forecast to grow slower than the Indian market (11.5% per year).

High Growth Revenue: IBULHSGFIN's revenue (4.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: IBULHSGFIN's Return on Equity is forecast to be low in 3 years time (16.2%).


Next Steps

Past Performance

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

17.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IBULHSGFIN has high quality earnings.

Growing Profit Margin: IBULHSGFIN's current net profit margins (57.9%) are higher than last year (54.7%).


Past Earnings Growth Analysis

Earnings Trend: IBULHSGFIN's earnings have grown by 17.9% per year over the past 5 years.

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

Earnings vs Industry: IBULHSGFIN had negative earnings growth (-18.1%) over the past year, making it difficult to compare to the Mortgage industry average (17.3%).


Return on Equity

High ROE: Whilst IBULHSGFIN's Return on Equity (20.64%) is high, this metric is skewed due to their high level of debt.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Indiabulls 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: IBULHSGFIN has a low level of unsold assets or inventory.

Debt Coverage by Assets: IBULHSGFIN's debt is covered by short term assets (assets are 1x debt).


Financial Institutions Analysis

Asset Level: IBULHSGFIN's level of assets compared to its equity is low.

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

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

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

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

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


Next Steps

Dividend

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

18.81%

Current Dividend Yield


Dividend Yield vs Market

company18.8%marketbottom25%0.6%markettop25%2.4%industryaverage1.4%forecastin3Years15.2%

Current dividend yield vs market & industry

Notable Dividend: IBULHSGFIN's dividend (18.81%) is higher than the bottom 25% of dividend payers in the Indian market (0.58%).

High Dividend: IBULHSGFIN's dividend (18.81%) is in the top 25% of dividend payers in the Indian market (2.43%)


Stability and Growth of Payments

Stable Dividend: IBULHSGFIN has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: IBULHSGFIN's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (48.8%), IBULHSGFIN's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: IBULHSGFIN's dividends in 3 years are forecast to be well covered by earnings (39.8% payout ratio).


Next Steps

Management

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

3.4yrs

Average management tenure


CEO

Gagan Banga (44yo)

0yrs

Tenure

₹158,301,619

Compensation

Mr. Gagan Banga is the Vice Chairman, Managing Director & CEO of Indiabulls Housing Finance Limited (“Indiabulls”). He holds a post-graduate diploma in management from Goa Institute of Management. He has o ...


CEO Compensation Analysis

Compensation vs Market: Gagan's total compensation ($USD2.20M) is above average for companies of similar size in the Indian market ($USD594.07K).

Compensation vs Earnings: Gagan's compensation has been consistent with company performance over the past year.


Management Age and Tenure

3.4yrs

Average Tenure

44yo

Average Age

Experienced Management: IBULHSGFIN's management team is considered experienced (3.4 years average tenure).


Board Age and Tenure

5.2yrs

Average Tenure

60yo

Average Age

Experienced Board: IBULHSGFIN's board of directors are considered experienced (5.2 years average tenure).


Insider Trading

Insider Buying: IBULHSGFIN insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Sell₹2,704,00003 Oct 19
Dhiraj Batra
EntityIndividual
Shares8,000
Max Price₹338.00
Sell₹2,288,00003 Oct 19
Mohammed Riaz
EntityIndividual
Shares8,000
Max Price₹286.00
Sell₹2,830,42003 Oct 19
Vibhor Sharma
EntityIndividual
Shares10,700
Max Price₹264.53
Sell₹1,382,42603 Oct 19
Vikas Gupta
EntityIndividual
Shares4,029
Max Price₹343.12
Sell₹2,530,00030 Sep 19
Piyush Patni
EntityIndividual
Shares10,000
Max Price₹253.00
Sell₹1,290,00016 Sep 19
Vinay Vashishtha
EntityIndividual
Shares3,000
Max Price₹430.00
Sell₹1,622,24311 Sep 19
Debroop Dutta
EntityIndividual
Shares3,835
Max Price₹423.01
Sell₹1,511,40011 Sep 19
M.B. Krishna
EntityIndividual
Shares3,300
Max Price₹458.00
Sell₹1,588,41403 Sep 19
Anji Karumadi
EntityIndividual
Shares3,300
Max Price₹481.34
Sell₹1,187,50029 Aug 19
Piyush Patni
EntityIndividual
Shares2,500
Max Price₹475.00
Sell₹2,387,78627 Aug 19
Gaurav Aggarwal
EntityIndividual
Shares5,000
Max Price₹477.56
Sell₹5,395,86026 Aug 19
Yateen Jain
EntityIndividual
Shares11,000
Max Price₹490.53
Sell₹3,060,00026 Aug 19
Naveen Uppal
EntityIndividual
Shares6,000
Max Price₹510.00
Sell₹1,602,11026 Aug 19
Sauranshu Bhattacharya
EntityIndividual
Shares3,600
Max Price₹445.03
Sell₹1,682,61823 Aug 19
M.B. Krishna
EntityIndividual
Shares3,100
Max Price₹542.78
Sell₹6,562,50023 Aug 19
Sachin Chaudhary
EntityIndividual
Role
Member of the Board of Directors
COO & Executive Director
Shares12,500
Max Price₹525.00
Sell₹2,150,25923 Aug 19
Anji Karumadi
EntityIndividual
Shares4,000
Max Price₹537.56
Sell₹3,552,89521 Aug 19
Kshitij Gehlot
EntityIndividual
Shares6,400
Max Price₹555.14
Sell₹1,018,00021 Aug 19
Vibhor Sharma
EntityIndividual
Shares2,000
Max Price₹509.00
Sell₹1,620,00021 Aug 19
Ripudaman Bandral
EntityIndividual
Shares3,000
Max Price₹540.00
Sell₹1,856,34220 Aug 19
M.B. Krishna
EntityIndividual
Shares3,365
Max Price₹551.66
Sell₹2,884,69220 Aug 19
Gaurav Aggarwal
EntityIndividual
Shares5,000
Max Price₹576.94
Sell₹32,196,49620 Aug 19
Sachin Chaudhary
EntityIndividual
Role
Member of the Board of Directors
COO & Executive Director
Shares57,500
Max Price₹559.94
Sell₹1,746,00020 Aug 19
Dinesh Vig
EntityIndividual
Shares3,000
Max Price₹582.00
Sell₹15,599,99919 Aug 19
Amit Gandhi
EntityIndividual
Shares30,000
Max Price₹520.00
Sell₹5,019,22519 Aug 19
Somil Rastogi
EntityIndividual
Shares9,000
Max Price₹557.69
Sell₹2,801,97219 Aug 19
Sameer Mahajan
EntityIndividual
Shares5,000
Max Price₹560.39
Sell₹3,891,09019 Aug 19
Ripudaman Bandral
EntityIndividual
Shares7,000
Max Price₹555.87
Sell₹2,541,93219 Aug 19
Vineet Gupta
EntityIndividual
Shares4,500
Max Price₹564.87
Sell₹20,107,77019 Aug 19
Ketan Talati
EntityIndividual
Shares38,500
Max Price₹522.28
Sell₹1,237,82519 Aug 19
Kshitij Gehlot
EntityIndividual
Shares2,500
Max Price₹495.13
Sell₹32,333,80116 Aug 19
M. Walia
EntityIndividual
Shares63,400
Max Price₹510.00
Sell₹1,200,00003 Jul 19
Saurabh Tambi
EntityIndividual
Shares2,000
Max Price₹600.00
Sell₹2,480,00002 Jul 19
Naveen Uppal
EntityIndividual
Shares4,000
Max Price₹620.00
Sell₹1,224,00002 Jul 19
Piyush Patni
EntityIndividual
Shares2,000
Max Price₹612.00
Sell₹12,209,39702 Jul 19
Harshil Suvarnkar
EntityIndividual
Shares20,000
Max Price₹610.47
Sell₹2,690,49428 Jun 19
Vishal Sachdeva
EntityIndividual
Shares4,501
Max Price₹597.75
Sell₹2,486,24028 Jun 19
Kshitij Gehlot
EntityIndividual
Shares4,000
Max Price₹621.56
Sell₹6,192,90028 Jun 19
Sachin Chaudhary
EntityIndividual
Role
Member of the Board of Directors
COO & Executive Director
Shares10,000
Max Price₹619.29
Sell₹3,398,70628 Jun 19
Anupam Agarwal
EntityIndividual
Shares4,210
Max Price₹807.29
Sell₹2,450,28528 Jun 19
Manu Dua
EntityIndividual
Shares4,000
Max Price₹612.57
Sell₹3,418,94327 Jun 19
Somil Rastogi
EntityIndividual
Shares5,500
Max Price₹621.63
Sell₹1,549,40026 Jun 19
Somil Rastogi
EntityIndividual
Shares2,500
Max Price₹619.76
Sell₹1,160,21526 Jun 19
Tapan Biswal
EntityIndividual
Shares1,950
Max Price₹594.98
Sell₹3,074,66825 Jun 19
Kshitij Gehlot
EntityIndividual
Shares3,914
Max Price₹785.56
Sell₹2,389,00021 Jun 19
Satish Virmani
EntityIndividual
Shares4,000
Max Price₹597.25
Sell₹7,655,99921 Jun 19
Dhiraj Batra
EntityIndividual
Shares12,999
Max Price₹588.97
Sell₹19,272,89921 Jun 19
Ajit Mittal
EntityIndividual
Role
Member of the Board of Directors
Executive Director
Shares30,000
Max Price₹642.43
Sell₹11,111,28118 Jun 19
Anji Karumadi
EntityIndividual
Shares18,200
Max Price₹610.51
Sell₹6,591,33917 Jun 19
Nipun Sabharwal
EntityIndividual
Shares9,950
Max Price₹662.45
Sell₹7,104,15017 Jun 19
Tarun Agrawal
EntityIndividual
Shares10,000
Max Price₹710.41
Sell₹1,256,43517 Jun 19
Abhijit Basu
EntityIndividual
Shares2,000
Max Price₹628.22
Sell₹1,779,44912 Jun 19
Vishal Sachdeva
EntityIndividual
Shares2,200
Max Price₹808.84
Sell₹1,805,00012 Jun 19
Sanjay Kumar
EntityIndividual
Shares2,375
Max Price₹760.00
Sell₹8,010,00010 Jun 19
Naveen Uppal
EntityIndividual
Shares10,000
Max Price₹801.00
Sell₹7,929,66007 Jun 19
Ketan Talati
EntityIndividual
Shares10,000
Max Price₹792.97
Sell₹8,100,00007 Jun 19
Amit Gandhi
EntityIndividual
Shares10,000
Max Price₹810.00
Sell₹13,750,49907 Jun 19
Sachin Chaudhary
EntityIndividual
Role
Member of the Board of Directors
COO & Executive Director
Shares17,000
Max Price₹808.85
Sell₹3,542,77807 Jun 19
Satish Chand
EntityIndividual
Shares4,400
Max Price₹805.18
Sell₹4,005,80007 Jun 19
Satish Virmani
EntityIndividual
Shares5,000
Max Price₹801.16
Sell₹3,796,84104 Jun 19
Shailesh Kumar Yadav
EntityIndividual
Shares4,725
Max Price₹803.56
Sell₹5,500,00004 Jun 19
Kunal Sharma
EntityIndividual
Shares7,000
Max Price₹785.71
Sell₹7,138,27904 Jun 19
Mukesh Garg
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares9,200
Max Price₹775.90
Sell₹1,762,95031 May 19
Basant Thanvi
EntityIndividual
Shares2,190
Max Price₹805.00
Sell₹3,140,85031 May 19
Somil Rastogi
EntityIndividual
Shares4,000
Max Price₹785.21
Sell₹23,566,20231 May 19
M. Walia
EntityIndividual
Shares30,000
Max Price₹785.54
Sell₹6,280,51330 May 19
Sameer Mahajan
EntityIndividual
Shares8,000
Max Price₹785.06
Sell₹5,936,12430 May 19
Pankaj Jain
EntityIndividual
Shares7,500
Max Price₹791.48
Sell₹2,172,37028 May 19
Somil Rastogi
EntityIndividual
Shares2,750
Max Price₹789.95
Sell₹2,625,12828 May 19
Anupam Agarwal
EntityIndividual
Shares3,300
Max Price₹795.49
Sell₹2,956,25014 Feb 19
Sunil Gupta
EntityIndividual
Shares5,000
Max Price₹591.25

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Sameer Gehlaut (44yo)

    Founder & Executive Chairman

    • Tenure: 0yrs
    • Compensation: ₹250.21m
  • Gagan Banga (44yo)

    Vice Chairman

    • Tenure: 0yrs
    • Compensation: ₹158.30m
  • Amit Jain (40yo)

    Company Secretary & Compliance Officer

    • Tenure: 0yrs
    • Compensation: ₹4.47m
  • Ajit Mittal (60yo)

    Executive Director

    • Tenure: 8.3yrs
    • Compensation: ₹36.66m
  • Sachin Chaudhary (45yo)

    COO & Executive Director

    • Tenure: 3.1yrs
    • Compensation: ₹52.67m
  • Mukesh Garg (51yo)

    Chief Financial Officer

    • Tenure: 11.8yrs
    • Compensation: ₹41.04m
  • Ashwini Kumar Hooda (43yo)

    Deputy MD & Executive Director

    • Tenure: 8.3yrs
    • Compensation: ₹72.35m
  • Ramnath R. Shenoy

    Head of Analytics & Investor Relations

    • Tenure: 3.6yrs
  • Nafees Ahmed

    Chief Information Officer & Group Head

    • Tenure: 3.4yrs
  • Vineet Jaiswal

    President of Legal

    • Tenure: 2.8yrs

Board Members

  • Sameer Gehlaut (44yo)

    Founder & Executive Chairman

    • Tenure: 0yrs
    • Compensation: ₹250.21m
  • Gagan Banga (44yo)

    Vice Chairman

    • Tenure: 0yrs
    • Compensation: ₹158.30m
  • Prem Mirdha (63yo)

    Independent Non-Executive Director

    • Tenure: 5.2yrs
    • Compensation: ₹500.00k
  • Shamsher Ahlawat (70yo)

    Independent Non-Executive Director

    • Tenure: 5.2yrs
    • Compensation: ₹400.00k
  • Subhash Mundra (65yo)

    Independent Director

    • Tenure: 1.3yrs
    • Compensation: ₹100.00k
  • Ajit Mittal (60yo)

    Executive Director

    • Tenure: 8.3yrs
    • Compensation: ₹36.66m
  • Sachin Chaudhary (45yo)

    COO & Executive Director

    • Tenure: 3.1yrs
    • Compensation: ₹52.67m
  • Ashwini Kumar Hooda (43yo)

    Deputy MD & Executive Director

    • Tenure: 8.3yrs
    • Compensation: ₹72.35m
  • Gyan Misra (70yo)

    Independent Director

    • Tenure: 3.2yrs
    • Compensation: ₹400.00k
  • Satish Mathur

    Independent Director

    • Tenure: 0.7yrs

Company Information

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


Key Information

  • Name: Indiabulls Housing Finance Limited
  • Ticker: IBULHSGFIN
  • Exchange: NSEI
  • Founded: 2000
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: ₹89.213b
  • Shares outstanding: 427.57m
  • Website: https://www.indiabullshomeloans.com

Number of Employees


Location

  • Indiabulls Housing Finance Limited
  • Indiabulls House
  • Phase - V
  • Gurugram
  • Haryana
  • 122001
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
535789BSE (Mumbai Stock Exchange)YesEquity SharesININRJul 2013
IBULHSGFINNSEI (National Stock Exchange of India)YesEquity SharesININRJul 2013
97081107BDL (Bourse de Luxembourg)GDR EACH REPR 1 ORD INR2 REG SLUUSDSep 2013

Biography

Indiabulls Housing Finance Limited, together with its subsidiaries, operates as a housing finance company. The company offers secured mortgage-backed housing loans to salaried and self-employed individuals ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/19 13:08
End of Day Share Price2019/11/19 00:00
Earnings2019/09/30
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.