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Indiabulls Housing Finance

NSEI:IBULHSGFIN
Snowflake Description

Good value average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IBULHSGFIN
NSEI
₹311B
Market Cap
  1. Home
  2. IN
  3. Banks
Company description

Indiabulls Housing Finance Limited operates as a housing finance company in India. The last earnings update was 51 days ago. More info.


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IBULHSGFIN Share Price and Events
7 Day Returns
3.9%
NSEI:IBULHSGFIN
0.2%
IN Mortgage
-0.4%
IN Market
1 Year Returns
-39.4%
NSEI:IBULHSGFIN
1.1%
IN Mortgage
3.3%
IN Market
IBULHSGFIN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Indiabulls Housing Finance (IBULHSGFIN) 3.9% 6.3% -11% -39.4% 12.8% 216.2%
IN Mortgage 0.2% 6.9% -0.5% 1.1% 65.2% 138.7%
IN Market -0.4% 7.4% 2.9% 3.3% 42.8% 75.3%
1 Year Return vs Industry and Market
  • IBULHSGFIN underperformed the Mortgage industry which returned 1.1% over the past year.
  • IBULHSGFIN underperformed the Market in India which returned 3.3% over the past year.
Price Volatility
IBULHSGFIN
Industry
5yr Volatility vs Market

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Indiabulls Housing Finance to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Indiabulls Housing Finance.

NSEI:IBULHSGFIN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 9 analysts.
= Stable Book Value * Return on Equity
= ₹462.74 * 26.4%
₹122.19
Book Value of Equity per Share Weighted future Book Value estimates from 8 analysts. ₹462.74
Discount Rate (Cost of Equity) See below 24.8%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:IBULHSGFIN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Mortgage Unlevered Beta Simply Wall St/ S&P Global 0.88
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.882 (1 + (1- 35%) (329.96%))
2.188
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (2 * 8.6%)
24.75%

Discounted Cash Flow Calculation for NSEI:IBULHSGFIN using Excess Returns Model Model

The calculations below outline how an intrinsic value for Indiabulls Housing Finance is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NSEI:IBULHSGFIN Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (26.4% – 24.75%) * ₹462.74)
₹7.66
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ₹7.66 / (24.75% - 7.55%)
₹44.56
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ₹462.74 + ₹44.56
₹507.3
NSEI:IBULHSGFIN Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:IBULHSGFIN represents 0.99876x of BSE:535789
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99876x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 507.30 x 0.99876
₹506.67
Value per share (INR) From above. ₹506.67
Current discount Discount to share price of ₹727.00
= -1 x (₹727.00 - ₹506.67) / ₹506.67
-43.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Indiabulls Housing Finance is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Indiabulls Housing Finance's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Indiabulls Housing Finance's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:IBULHSGFIN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹96.54
BSE:535789 Share Price ** BSE (2019-03-22) in INR ₹727.9
India Mortgage Industry PE Ratio Median Figure of 12 Publicly-Listed Mortgage Companies 13.41x
India Market PE Ratio Median Figure of 2,729 Publicly-Listed Companies 16.32x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Indiabulls Housing Finance.

NSEI:IBULHSGFIN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:535789 Share Price ÷ EPS (both in INR)

= 727.9 ÷ 96.54

7.54x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Indiabulls Housing Finance is good value based on earnings compared to the IN Mortgage industry average.
  • Indiabulls Housing Finance is good value based on earnings compared to the India market.
Price based on expected Growth
Does Indiabulls Housing Finance's expected growth come at a high price?
Raw Data
NSEI:IBULHSGFIN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.54x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
16.8%per year
India Mortgage Industry PEG Ratio Median Figure of 5 Publicly-Listed Mortgage Companies 0.57x
India Market PEG Ratio Median Figure of 595 Publicly-Listed Companies 1.29x

*Line of best fit is calculated by linear regression .

NSEI:IBULHSGFIN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.54x ÷ 16.8%

0.45x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Indiabulls Housing Finance is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Indiabulls Housing Finance's assets?
Raw Data
NSEI:IBULHSGFIN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹362.53
BSE:535789 Share Price * BSE (2019-03-22) in INR ₹727.9
India Mortgage Industry PB Ratio Median Figure of 14 Publicly-Listed Mortgage Companies 2.04x
India Market PB Ratio Median Figure of 3,620 Publicly-Listed Companies 1.11x
NSEI:IBULHSGFIN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:535789 Share Price ÷ Book Value per Share (both in INR)

= 727.9 ÷ 362.53

2.01x

* Primary Listing of Indiabulls Housing Finance.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Indiabulls Housing Finance is good value based on assets compared to the IN Mortgage industry average.
X
Value checks
We assess Indiabulls Housing Finance's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Mortgage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Mortgage industry average (and greater than 0)? (1 check)
  5. Indiabulls Housing Finance has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Indiabulls Housing Finance expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
16.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Indiabulls Housing Finance expected to grow at an attractive rate?
  • Indiabulls Housing Finance's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Indiabulls Housing Finance's earnings growth is positive but not above the India market average.
  • Indiabulls Housing Finance's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:IBULHSGFIN Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:IBULHSGFIN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 16.8%
NSEI:IBULHSGFIN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 14.3%
India Mortgage Industry Earnings Growth Rate Market Cap Weighted Average -3%
India Mortgage Industry Revenue Growth Rate Market Cap Weighted Average -21.1%
India Market Earnings Growth Rate Market Cap Weighted Average 18.6%
India Market Revenue Growth Rate Market Cap Weighted Average 11.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:IBULHSGFIN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:IBULHSGFIN Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 96,615 56,687 8
2020-03-31 82,648 48,842 8
2019-03-31 71,821 40,325 6
NSEI:IBULHSGFIN Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 77,407 41,186
2018-09-30 78,150 42,754
2018-06-30 72,752 40,926
2018-03-31 73,686 -239,542 38,474
2017-12-31 66,973 36,576
2017-09-30 59,164 32,413
2017-06-30 55,572 30,646
2017-03-31 53,790 -178,452 29,064
2016-12-31 48,304 27,414
2016-09-30 47,268 25,923
2016-06-30 45,849 24,635
2016-03-31 43,137 -116,432 23,447

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Indiabulls Housing Finance's earnings are expected to grow by 16.8% yearly, however this is not considered high growth (20% yearly).
  • Indiabulls Housing Finance's revenue is expected to grow by 14.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:IBULHSGFIN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Indiabulls Housing Finance Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:IBULHSGFIN Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 127.65 150.05 110.10 5.00
2020-03-31 109.35 123.31 101.43 4.00
2019-03-31 94.66 98.51 90.00 4.00
NSEI:IBULHSGFIN Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 96.54
2018-09-30 100.30
2018-06-30 96.15
2018-03-31 90.51
2017-12-31 86.18
2017-09-30 76.48
2017-06-30 72.42
2017-03-31 68.80
2016-12-31 64.99
2016-09-30 61.56
2016-06-30 60.34
2016-03-31 59.84

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Indiabulls Housing Finance is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Indiabulls Housing Finance's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Indiabulls Housing Finance has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Indiabulls Housing Finance's growth in the last year to its industry (Mortgage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Indiabulls Housing Finance has delivered over 20% year on year earnings growth in the past 5 years.
  • Indiabulls Housing Finance's 1-year earnings growth is less than its 5-year average (12.6% vs 20.3%)
  • Indiabulls Housing Finance's earnings growth has not exceeded the IN Mortgage industry average in the past year (12.6% vs 22%).
Earnings and Revenue History
Indiabulls Housing Finance's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Indiabulls Housing Finance Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:IBULHSGFIN Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 77,407.28 41,185.98 7,253.09
2018-09-30 78,150.48 42,754.08 7,062.39
2018-06-30 72,752.20 40,926.10 6,541.30
2018-03-31 73,686.08 38,473.78 6,153.79
2017-12-31 66,973.01 36,575.50 5,824.99
2017-09-30 59,163.74 32,413.06 5,583.11
2017-06-30 55,571.66 30,645.56 5,144.42
2017-03-31 53,789.94 29,063.93 5,261.95
2016-12-31 48,304.45 27,413.60 5,239.56
2016-09-30 47,267.93 25,922.91 4,933.45
2016-06-30 45,849.00 24,635.17 4,634.19
2016-03-31 43,137.44 23,447.33 4,363.87
2015-12-31 35,459.04 22,202.65 5,097.90
2015-09-30 33,953.64 20,959.25 4,903.10
2015-06-30 27,179.37 19,886.34 3,447.68
2015-03-31 33,305.04 19,011.03 3,356.23
2014-12-31 23,437.88 18,015.20 3,985.22
2014-09-30 22,793.66 17,185.82 3,855.56
2014-06-30 23,410.77 16,394.57 3,634.50
2014-03-31 24,142.03 15,641.60 3,612.49
2013-12-31 33,221.96 21,229.39 5,477.57
2013-09-30 28,677.57 18,158.44 4,833.72
2013-06-30 24,094.18 15,346.46 4,194.48
2013-03-31 20,189.90 12,584.41 3,536.34
2012-09-30 -11,459.16 -432.10 455.77
2012-06-30 6,086.96 2,955.87 386.37
2012-03-31 3,923.96 2,499.87 386.37

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Indiabulls Housing Finance has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Indiabulls Housing Finance used its assets more efficiently than the IN Mortgage industry average last year based on Return on Assets.
  • Unable to establish if Indiabulls Housing Finance improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Indiabulls Housing Finance's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Mortgage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Indiabulls Housing Finance has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

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

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Indiabulls Housing Finance's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Indiabulls Housing Finance Company Filings, last reported 2 months ago.

NSEI:IBULHSGFIN Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 154,690.10 1,026,540.30 40,734.10
2018-09-30 154,690.10 1,026,540.30 40,734.10
2018-06-30 134,235.30 1,165,656.90 47,478.10
2018-03-31 134,235.26 1,144,188.87 48,513.45
2017-12-31 124,892.86 1,016,338.48 23,001.11
2017-09-30 124,892.86 1,016,338.48 23,001.11
2017-06-30 121,224.71 902,237.09 56,825.29
2017-03-31 121,224.71 879,872.06 58,083.65
2016-12-31 114,748.38 772,857.35 26,671.29
2016-09-30 114,748.38 772,857.35 26,671.29
2016-06-30 106,939.23 634,908.75 36,179.67
2016-03-31 106,939.23 627,746.09 29,017.01
2015-12-31 103,670.71 546,660.45 23,975.78
2015-09-30 103,670.71 546,660.45 23,975.78
2015-06-30 66,337.47 495,840.60 34,902.87
2015-03-31 66,337.47 491,376.31 35,909.90
2014-12-31 61,201.91 423,101.38 20,997.85
2014-09-30 61,201.91 423,101.38 20,997.85
2014-06-30 57,088.94 369,366.33 44,190.37
2014-03-31 57,074.22 369,366.33 44,190.37
2013-12-31 56,885.09 361,937.23 47,863.97
2013-09-30 56,885.09 361,937.23 47,863.97
2013-06-30 53,134.49 321,879.10 48,881.81
2013-03-31 53,258.47 321,879.10 48,881.81
2012-09-30
2012-06-30
2012-03-31 9,550.84 63,992.38 823.04
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Unable to establish if Indiabulls Housing Finance has an acceptable proportion of non-loan assets without balance sheet data.
  • Unable to establish if Indiabulls Housing Finance's liabilities are primarily made up of low risk funding sources without deposits or liabilities data.
  • Indiabulls Housing Finance reports no customer deposits, loans are made up entirely of borrowed funds.
  • Indiabulls Housing Finance's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Unable to establish if Indiabulls Housing Finance has a sufficient allowance for bad loans without relevant financial data.
  • Unable to establish if Indiabulls Housing Finance has an acceptable level of bad loans without bad loans data.
X
Financial health checks
We assess Indiabulls Housing Finance's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Indiabulls Housing Finance has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.5%
Current annual income from Indiabulls Housing Finance dividends. Estimated to be 6.58% next year.
If you bought ₹2,000 of Indiabulls Housing Finance shares you are expected to receive ₹110 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Indiabulls Housing Finance's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.5%).
  • Indiabulls Housing Finance's dividend is above the markets top 25% of dividend payers in India (1.91%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:IBULHSGFIN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
India Mortgage Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 1.3%
India Market Average Dividend Yield Market Cap Weighted Average of 1399 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:IBULHSGFIN Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 53.02 7.00
2020-03-31 46.73 7.00
2019-03-31 40.93 4.00
NSEI:IBULHSGFIN Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-01-31 40.000 5.969
2018-01-23 41.000 3.949
2017-08-14 36.000 2.930
2017-06-23 36.000 3.173
2016-07-25 45.000 5.385
2016-04-25 45.000 6.419
2015-08-10 36.000 5.228
2015-04-24 36.000 5.820
2014-04-23 36.000 8.348
2014-01-22 28.000 12.921
2013-10-23 28.000 12.440
2013-07-23 24.000 11.959

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Indiabulls Housing Finance has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Indiabulls Housing Finance only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Indiabulls Housing Finance's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).
X
Income/ dividend checks
We assess Indiabulls Housing Finance's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Indiabulls Housing Finance afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Indiabulls Housing Finance has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Gagan Banga
COMPENSATION ₹142,943,622
AGE 43
CEO Bio

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 over 17 years of experience in the business of NBFCs and HFCs, and, prior to joining Indiabulls, was an Executive Director on the board of directors of IBFSL. He serves as Non-Executive Director at Indiabulls Ventures Ltd. since 2017. He served as Non-Executive Director of OakNorth Bank Plc from February 23, 2016 to March 2019.

CEO Compensation
  • Gagan's compensation has been consistent with company performance over the past year.
  • Gagan's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Indiabulls Housing Finance management team in years:

2.8
Average Tenure
43
Average Age
  • The tenure for the Indiabulls Housing Finance management team is about average.
Management Team

Sameer Gehlaut

TITLE
Founder & Executive Chairman
COMPENSATION
₹250M
AGE
43

Gagan Banga

TITLE
Vice Chairman
COMPENSATION
₹143M
AGE
43

Mukesh Garg

TITLE
Chief Financial Officer
COMPENSATION
₹36M
AGE
50
TENURE
11.2 yrs

Sachin Chaudhary

TITLE
COO & Executive Director
COMPENSATION
₹44M
AGE
44
TENURE
2.2 yrs

Amit Jain

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹4M
AGE
39

Ajit Mittal

TITLE
Executive Director
COMPENSATION
₹33M
AGE
59

Ashwini Kumar Hooda

TITLE
Deputy MD & Executive Director
COMPENSATION
₹65M
AGE
42

Nafees Ahmed

TITLE
Chief Information Officer & Group Head
TENURE
2.8 yrs

Ramnath R. Shenoy

TITLE
Head of Analytics & Investor Relations
TENURE
2.9 yrs

Vineet Jaiswal

TITLE
President of Legal
TENURE
2.2 yrs
Board of Directors Tenure

Average tenure and age of the Indiabulls Housing Finance board of directors in years:

4.5
Average Tenure
60.5
Average Age
  • The tenure for the Indiabulls Housing Finance board of directors is about average.
Board of Directors

Sameer Gehlaut

TITLE
Founder & Executive Chairman
COMPENSATION
₹250M
AGE
43

Gagan Banga

TITLE
Vice Chairman
COMPENSATION
₹143M
AGE
43
TENURE
4.7 yrs

Sachin Chaudhary

TITLE
COO & Executive Director
COMPENSATION
₹44M
AGE
44
TENURE
2.4 yrs

Ajit Mittal

TITLE
Executive Director
COMPENSATION
₹33M
AGE
59
TENURE
7.6 yrs

Ashwini Kumar Hooda

TITLE
Deputy MD & Executive Director
COMPENSATION
₹65M
AGE
42
TENURE
7.6 yrs

Shamsher Ahlawat

TITLE
Independent Non-Executive Director
COMPENSATION
₹400K
AGE
69
TENURE
4.5 yrs

Prem Mirdha

TITLE
Independent Non-Executive Director
COMPENSATION
₹400K
AGE
62
TENURE
4.5 yrs

Kamalesh Shailesh Chakrabarty

TITLE
Independent Non-Executive Director
COMPENSATION
₹15M
AGE
65
TENURE
4.4 yrs

Bisheshwar Singh

TITLE
Independent Non-Executive Director
COMPENSATION
₹400K
AGE
76
TENURE
4.5 yrs

Gyan Misra

TITLE
Independent Director
COMPENSATION
₹400K
AGE
69
TENURE
2.5 yrs
Who owns this company?
Recent Insider Trading
  • Indiabulls Housing Finance insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
14. Feb 19 Sell Sunil Gupta Individual 11. Feb 19 11. Feb 19 -5,000 ₹591.25 ₹-2,956,250
24. Dec 18 Buy Joginder Khatri Individual 22. Oct 18 22. Oct 18 5,000 ₹687.50 ₹3,437,494
03. Oct 18 Sell Vishal Sachdeva Individual 21. Sep 18 21. Sep 18 -10,500 ₹792.89 ₹-8,325,344
03. Oct 18 Buy Vishal Sachdeva Individual 25. Sep 18 25. Sep 18 10,500 ₹926.42 ₹9,727,409
28. Sep 18 Sell Shourya Saksena Individual 21. Sep 18 21. Sep 18 -10,000 ₹810.65 ₹-8,106,500
12. Nov 18 Sell Mukesh Garg Individual 05. Nov 18 06. Nov 18 -17,146 ₹846.11 ₹-14,507,390
24. Oct 18 Sell Anirban Mukhopadhyay Individual 19. Oct 18 19. Oct 18 -2,835 ₹673.00 ₹-1,907,955
24. Oct 18 Sell Mukesh Garg Individual 19. Oct 18 19. Oct 18 -30,000 ₹738.86 ₹-22,165,799
05. Oct 18 Buy Sunil Gupta Individual 28. Sep 18 28. Sep 18 1,600 ₹856.48 ₹1,370,368
04. Oct 18 Sell Kamal Kaushik Individual 21. Sep 18 21. Sep 18 -11,200 ₹871.90 ₹-9,765,280
04. Oct 18 Buy Kamal Kaushik Individual 21. Sep 18 21. Sep 18 225 ₹1,029.36 ₹231,606
04. Oct 18 Buy M. Walia Individual 28. Sep 18 28. Sep 18 10,000 ₹858.71 ₹8,587,100
03. Oct 18 Sell Vishal Chugh Individual 21. Sep 18 21. Sep 18 -8,500 ₹806.00 ₹-6,850,999
03. Oct 18 Buy Vishal Chugh Individual 25. Sep 18 25. Sep 18 8,500 ₹844.73 ₹7,180,204
03. Oct 18 Buy Sunil Gupta Individual 24. Sep 18 25. Sep 18 10,000 ₹893.68 ₹8,936,849
29. Sep 18 Sell Somil Rastogi Individual 10. Sep 18 10. Sep 18 -300 ₹1,196.00 ₹-358,800
29. Sep 18 Buy Somil Rastogi Individual 25. Sep 18 25. Sep 18 2,000 ₹905.00 ₹1,810,000
28. Sep 18 Sell Abhijit Basu Individual 21. Sep 18 21. Sep 18 -1,200 ₹970.83 ₹-1,165,000
28. Sep 18 Sell A Kumar Individual 21. Sep 18 21. Sep 18 -4,600 ₹796.00 ₹-3,661,600
28. Sep 18 Buy Ripudaman Bandral Individual 24. Sep 18 24. Sep 18 10,000 ₹865.00 ₹8,649,999
28. Sep 18 Buy M. Walia Individual 24. Sep 18 24. Sep 18 21,300 ₹942.07 ₹20,066,078
25. Sep 18 Buy Ashwini Kumar Hooda Individual 21. Sep 18 21. Sep 18 50,000 ₹1,043.97 ₹52,198,266
25. Sep 18 Buy Sachin Chaudhary Individual 21. Sep 18 24. Sep 18 35,000 ₹1,038.57 ₹36,349,957
07. Sep 18 Sell Somil Rastogi Individual 03. Sep 18 03. Sep 18 -1,300 ₹1,265.38 ₹-1,645,000
06. Sep 18 Sell Satish Chand Individual 30. Aug 18 03. Sep 18 -1,800 ₹1,270.50 ₹-2,286,908
06. Sep 18 Sell Mukesh Garg Individual 31. Aug 18 03. Sep 18 -2,200 ₹1,271.40 ₹-2,797,086
29. Aug 18 Sell Rakesh Bhagat Individual 24. Aug 18 24. Aug 18 -6,000 ₹1,270.65 ₹-7,623,900
29. Aug 18 Sell Mukesh Garg Individual 23. Aug 18 27. Aug 18 -8,431 ₹1,271.62 ₹-10,721,020
20. Aug 18 Sell Kshitij Gehlot Individual 06. Aug 18 06. Aug 18 -700 ₹1,381.00 ₹-966,700
13. Aug 18 Sell Mohit Sahu Individual 06. Aug 18 06. Aug 18 -750 ₹1,370.00 ₹-1,027,500
13. Aug 18 Sell Satish Chand Individual 07. Aug 18 08. Aug 18 -4,000 ₹1,373.20 ₹-5,492,816
13. Aug 18 Sell Harshil Suvarnkar Individual 07. Aug 18 07. Aug 18 -5,000 ₹1,375.10 ₹-6,875,506
13. Aug 18 Sell Mukesh Garg Individual 06. Aug 18 09. Aug 18 -6,223 ₹1,368.60 ₹-8,516,768
14. Aug 18 Sell Ashish Jain Individual 06. Aug 18 10. Aug 18 -1,200 ₹1,365.25 ₹-1,638,300
14. Aug 18 Sell Kunal Sharma Individual 07. Aug 18 09. Aug 18 -1,000 ₹1,377.50 ₹-1,377,500
10. Aug 18 Sell Sameer Mahajan Individual 06. Aug 18 06. Aug 18 -2,000 ₹1,366.00 ₹-2,732,000
10. Aug 18 Sell Amit Gandhi Individual 06. Aug 18 06. Aug 18 -6,583 ₹1,386.46 ₹-9,127,066
10. Aug 18 Sell Nafees Ahmed Individual 06. Aug 18 08. Aug 18 -9,300 ₹1,378.12 ₹-12,816,505
28. Jun 18 Sell Sudhir Khullar Individual 26. Jun 18 26. Jun 18 -10,000 ₹1,194.45 ₹-11,944,500
15. Jun 18 Sell Sg Advisory Services Private Limited Company 13. Jun 18 15. Jun 18 -8,200,000 ₹1,199.99 ₹-9,839,931,363
13. Jun 18 Sell Amit Gandhi Individual 04. Jun 18 08. Jun 18 -7,800 ₹1,200.00 ₹-9,360,000
01. Jun 18 Sell Sameer Mahajan Individual 30. May 18 30. May 18 -2,000 ₹1,229.74 ₹-2,459,480
01. Jun 18 Sell Ajit Mittal Individual 28. May 18 28. May 18 -23,669 ₹1,205.88 ₹-28,541,937
15. May 18 Sell Ajit Mittal Individual 30. Apr 18 10. May 18 -16,331 ₹1,329.70 ₹-21,715,353
12. Apr 18 Sell Amit Gandhi Individual 06. Apr 18 09. Apr 18 -6,000 ₹1,340.00 ₹-8,040,000
10. Apr 18 Sell Anupam Agarwal Individual 03. Apr 18 06. Apr 18 -1,300 ₹1,304.85 ₹-1,696,310
10. Apr 18 Sell Ripudaman Bandral Individual 04. Apr 18 05. Apr 18 -6,000 ₹1,319.67 ₹-7,918,000
10. Apr 18 Sell Naveen Uppal Individual 04. Apr 18 06. Apr 18 -20,000 ₹1,300.00 ₹-26,000,000
11. Apr 18 Sell Amit Chaudhari Individual 06. Apr 18 06. Apr 18 -3,500 ₹1,347.76 ₹-4,717,155
11. Apr 18 Sell Rahat Ahmed Individual 05. Apr 18 05. Apr 18 -2,612 ₹1,332.26 ₹-3,479,863
11. Apr 18 Sell Somil Rastogi Individual 06. Apr 18 09. Apr 18 -4,200 ₹1,337.33 ₹-5,616,788
09. Apr 18 Sell Anil Malhan Individual 03. Apr 18 05. Apr 18 -4,062 ₹1,299.68 ₹-5,279,318
06. Apr 18 Sell Nipun Jain Individual 02. Apr 18 02. Apr 18 -2,000 ₹1,290.00 ₹-2,580,000
04. Apr 18 Sell Nipun Jain Individual 27. Mar 18 27. Mar 18 -1,000 ₹1,245.00 ₹-1,245,000
30. Mar 18 Sell Somil Rastogi Individual 27. Mar 18 27. Mar 18 -5,000 ₹1,251.00 ₹-6,255,000
30. Mar 18 Sell K. Baskar Individual 22. Mar 18 27. Mar 18 -2,000 ₹1,236.34 ₹-2,472,690
30. Mar 18 Sell Salesh Kumar Yadav Individual 15. Mar 18 28. Mar 18 -11,600 ₹1,246.94 ₹-14,464,551
30. Mar 18 Sell Anil Malhan Individual 26. Mar 18 28. Mar 18 -2,000 ₹1,238.40 ₹-2,476,791
X
Management checks
We assess Indiabulls Housing Finance's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Indiabulls Housing Finance has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Should Indiabulls Housing Finance Limited (NSE:IBULHSGFIN) Be Part Of Your Portfolio?

Historically, Indiabulls Housing Finance Limited (NSE:IBULHSGFIN) has paid dividends to shareholders, and these days it yields 4.9%. … Does Indiabulls Housing Finance tick all the boxes of a great dividend stock? … See our latest analysis for Indiabulls Housing Finance?

Simply Wall St -

Have Insiders Been Selling Indiabulls Housing Finance Limited (NSE:IBULHSGFIN) Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Indiabulls Housing Finance Limited (NSE:IBULHSGFIN). … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'. … All up, insiders sold more shares in Indiabulls Housing Finance than they bought, over the last year

Simply Wall St -

Do You Like Indiabulls Housing Finance Limited (NSE:IBULHSGFIN) At This P/E Ratio?

We'll look at Indiabulls Housing Finance Limited's (NSE:IBULHSGFIN) P/E ratio and reflect on what it tells us about the company's share price. … Indiabulls Housing Finance has a price to earnings ratio of 7.73, based on the last twelve months. … How Do You Calculate Indiabulls Housing Finance's P/E Ratio

Simply Wall St -

At ₹654, Is Indiabulls Housing Finance Limited (NSE:IBULHSGFIN) Worth Looking At Closely?

Indiabulls Housing Finance Limited (NSE:IBULHSGFIN), operating in the financial services industry based in India,. … A question to answer is whether Indiabulls Housing Finance's current trading price of ₹653.8 reflective of the actual value of the? … Let’s take a look at Indiabulls Housing Finance’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Should Indiabulls Housing Finance Limited (NSE:IBULHSGFIN) Be Part Of Your Portfolio?

Over the past 5 years, Indiabulls Housing Finance Limited (NSE:IBULHSGFIN) has returned an average of 7.00% per year to shareholders in terms of dividend yield. … Let's take a look at Indiabulls Housing Finance in more detail. … See our latest analysis for Indiabulls Housing Finance

Simply Wall St -

Indiabulls Housing Finance Limited (NSE:IBULHSGFIN): What You Have To Know Before Buying For The Upcoming Dividend

Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I take a deeper dive into Indiabulls Housing Finance's latest financial data to analyse its dividend attributes. … Check out our latest analysis for Indiabulls Housing Finance? … Whenever I am looking at a potential dividend stock investment, I always check these five metrics:?

Simply Wall St -

If You Bought Indiabulls Housing Finance Limited (NSE:IBULHSGFIN) Today, There May Be An Upside

Given that these companies adhere to a different set of rules relative to other companies, their cash flows should also be valued differently. … For example, businesses that deal with loans are required to hold more capital to reduce the risk to shareholders.

Simply Wall St -

Does Indiabulls Housing Finance Limited's (NSE:IBULHSGFIN) July Stock Price Reflect Its Future Growth?

Looking at Indiabulls Housing Finance Limited’s (NSE:IBULHSGFIN) fundamentals some investors are wondering if its last closing price of ₹1258.2 represents a good value for money for this high growth stock. … View our latest analysis for Indiabulls Housing Finance? … Indiabulls Housing Finance is poised for significantly high earnings growth in the near future

Simply Wall St -

What Does Indiabulls Housing Finance Limited's (NSE:IBULHSGFIN) PE Ratio Tell You?

and want to learn about the link between company’s fundamentals and stock market performance. … Indiabulls Housing Finance Limited (NSE:IBULHSGFIN) is currently trading at a trailing P/E of 12.4x, which is lower than the industry average of 19.7x. … While this makes IBULHSGFIN appear like a great stock to buy, you might change your mind after I explain the assumptions behind the P/E ratio

Simply Wall St -

What You Must Know About Indiabulls Housing Finance Limited's (NSE:IBULHSGFIN) ROE

and want to begin learning the link between Indiabulls Housing Finance Limited (NSE:IBULHSGFIN)’s return fundamentals and stock market performance. … Indiabulls Housing Finance Limited (NSE:IBULHSGFIN) delivered an ROE of 28.66% over the past 12 months, which is an impressive feat relative to its industry average of 13.15% during the same period. … But ROE does not capture any debt, so we only see high profits and low equity, which is great on the surface

Simply Wall St -

Company Info

Description

Indiabulls Housing Finance Limited operates as a housing finance company in India. It offers loan products, such as home loans, loans against property, and residential construction finance, as well as lease rental discounting. The company also provides loans against property to small and mid-sized businesses, partnership firms, self-employed professionals, and private or closely held companies, as well as home loans for non-residential Indians and persons of Indian origin. In addition, it offers rural home loans, plot loans, home improvement loans, and home extension loans. Further, the company provides finance related ancillary services, as well as sells insurance products. It operates through a network of 220 branches in 110 towns and cities, as well as through 2 representative offices in Dubai, the United Arab Emirates and London, the United Kingdom. The company was founded in 2000 and is headquartered in Gurugram, India.

Details
Name: Indiabulls Housing Finance Limited
IBULHSGFIN
Exchange: NSEI
Founded: 2000
₹311,106,890,458
427,403,339
Website: http://www.indiabullshomeloans.com
Address: Indiabulls Housing Finance Limited
Indiabulls House,
Phase - V,
Gurugram,
Haryana, 122001,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 535789 Equity Shares Mumbai Stock Exchange IN INR 23. Jul 2013
NSEI IBULHSGFIN Equity Shares National Stock Exchange of India IN INR 23. Jul 2013
BDL 097081107 SPONS GDR REGS Bourse de Luxembourg LU USD 11. Sep 2013
Number of employees
Current staff
Staff numbers
8,129
Indiabulls Housing Finance employees.
Industry
Thrifts and Mortgage Finance
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/23 12:52
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2019/03/23
Last earnings filing: 2019/01/31
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.