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LIC Housing Finance

NSEI:LICHSGFIN
Snowflake Description

Established dividend payer and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LICHSGFIN
NSEI
₹257B
Market Cap
  1. Home
  2. IN
  3. Banks
Company description

LIC Housing Finance Limited provides loans for purchase, construction, repair and renovation, etc. The last earnings update was 210 days ago. More info.


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LICHSGFIN Share Price and Events
7 Day Returns
2.5%
NSEI:LICHSGFIN
4.1%
IN Mortgage
2.6%
IN Market
1 Year Returns
0.7%
NSEI:LICHSGFIN
0.4%
IN Mortgage
0.8%
IN Market
LICHSGFIN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
LIC Housing Finance (LICHSGFIN) 2.5% 17.1% 10.8% 0.7% 9.3% 125.3%
IN Mortgage 4.1% 6.6% -0.3% 0.4% 70.4% 147.3%
IN Market 2.6% 7.7% 2.5% 0.8% 45.6% 83.2%
1 Year Return vs Industry and Market
Price Volatility
LICHSGFIN
Industry
5yr Volatility vs Market

Value

 Is LIC 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 LIC 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    Our intrinsic value calculation method has changed recently, learn more here.

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

NSEI:LICHSGFIN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 29 analysts.
= Stable Book Value * Return on Equity
= ₹344.25 * 16.5%
₹56.84
Book Value of Equity per Share Weighted future Book Value estimates from 26 analysts. ₹344.25
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:LICHSGFIN
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))
= 0.881 (1 + (1- 35%) (584.5%))
3.164
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:LICHSGFIN using Excess Returns Model Model

The calculations below outline how an intrinsic value for LIC 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:LICHSGFIN Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (16.5% – 24.75%) * ₹344.25)
₹-28.36
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ₹-28.36 / (24.75% - 7.55%)
₹-164.87
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ₹344.25 + ₹-164.87
₹179.38
NSEI:LICHSGFIN Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹179.38
Current discount Discount to share price of ₹514.60
= -1 x (₹514.60 - ₹179.38) / ₹179.38
-186.9%

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

  • The current share price of LIC 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 LIC Housing Finance's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are LIC Housing Finance's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:LICHSGFIN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹39.91
NSEI:LICHSGFIN Share Price ** NSEI (2019-03-18) in INR ₹514.6
India Mortgage Industry PE Ratio Median Figure of 12 Publicly-Listed Mortgage Companies 13.7x
India Market PE Ratio Median Figure of 2,728 Publicly-Listed Companies 16.62x

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

** Primary Listing of LIC Housing Finance.

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

= NSEI:LICHSGFIN Share Price ÷ EPS (both in INR)

= 514.6 ÷ 39.91

12.9x

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

  • LIC Housing Finance is good value based on earnings compared to the IN Mortgage industry average.
  • LIC Housing Finance is good value based on earnings compared to the India market.
Price based on expected Growth
Does LIC Housing Finance's expected growth come at a high price?
Raw Data
NSEI:LICHSGFIN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.9x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 29 Analysts
12.3%per year
India Mortgage Industry PEG Ratio Median Figure of 5 Publicly-Listed Mortgage Companies 0.58x
India Market PEG Ratio Median Figure of 598 Publicly-Listed Companies 1.27x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.9x ÷ 12.3%

1.05x

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

  • LIC Housing Finance is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on LIC Housing Finance's assets?
Raw Data
NSEI:LICHSGFIN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹253.50
NSEI:LICHSGFIN Share Price * NSEI (2019-03-18) in INR ₹514.6
India Mortgage Industry PB Ratio Median Figure of 14 Publicly-Listed Mortgage Companies 2.03x
India Market PB Ratio Median Figure of 3,613 Publicly-Listed Companies 1.12x
NSEI:LICHSGFIN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:LICHSGFIN Share Price ÷ Book Value per Share (both in INR)

= 514.6 ÷ 253.50

2.03x

* Primary Listing of LIC Housing Finance.

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

  • LIC Housing Finance is overvalued based on assets compared to the IN Mortgage industry average.
X
Value checks
We assess LIC 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. LIC Housing Finance has a total score of 2/6, 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 LIC Housing Finance expected to perform in the next 1 to 3 years based on estimates from 29 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
12.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is LIC Housing Finance expected to grow at an attractive rate?
  • LIC Housing Finance's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • LIC Housing Finance's earnings growth is positive but not above the India market average.
  • LIC Housing Finance's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:LICHSGFIN Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:LICHSGFIN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 29 Analysts 12.3%
NSEI:LICHSGFIN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 29 Analysts 14.2%
India Mortgage Industry Earnings Growth Rate Market Cap Weighted Average -3%
India Mortgage Industry Revenue Growth Rate Market Cap Weighted Average -20.9%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
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:LICHSGFIN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (11 months ago) See Below
Future Estimates Average of up to 29 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:LICHSGFIN Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 35,000
2022-03-31 34,705
2021-03-31 57,827 30,815 21
2020-03-31 50,542 26,610 25
2019-03-31 44,093 23,034 23
NSEI:LICHSGFIN Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 37,500 -194,857 20,139
2017-03-31 36,394 -142,732 19,423
2016-03-31 30,831 -130,394 16,677

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • LIC Housing Finance's earnings are expected to grow by 12.3% yearly, however this is not considered high growth (20% yearly).
  • LIC Housing Finance's revenue is expected to grow by 14.2% 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:LICHSGFIN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (11 months ago) See Below
Future Estimates Average of up to 29 Analyst Estimates (S&P Global) See Below

All data from LIC Housing Finance Company Filings, last reported 11 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:LICHSGFIN Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31
2022-03-31
2021-03-31 60.39 70.20 51.90 20.00
2020-03-31 52.29 57.10 46.90 25.00
2019-03-31 45.23 47.70 41.20 25.00
NSEI:LICHSGFIN Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 39.91
2017-03-31 38.49
2016-03-31 33.05

*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.
  • LIC Housing Finance is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess LIC 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.
LIC Housing Finance has a total score of 2/6, 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 LIC Housing Finance performed over the past 5 years?

  • LIC Housing Finance's last earnings update was 210 days ago.
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 LIC 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.
  • LIC Housing Finance's year on year earnings growth rate has been positive over the past 5 years.
  • LIC Housing Finance's 1-year earnings growth is less than its 5-year average (3.7% vs 12.7%)
  • LIC Housing Finance's earnings growth has not exceeded the IN Mortgage industry average in the past year (3.7% vs 22%).
Earnings and Revenue History
LIC 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 LIC Housing Finance Company Filings, last reported 11 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:LICHSGFIN Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 37,499.51 20,139.07 3,322.21
2017-03-31 36,394.36 19,422.73 3,816.81
2016-03-31 30,830.68 16,676.96 2,488.52
2015-03-31 25,350.73 13,956.09 2,175.90
2014-03-31 21,515.79 13,182.04 1,886.39
2013-03-31 17,381.54 10,475.13 1,593.44
2012-03-31 14,896.02 9,198.54 1,339.97

*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.
  • LIC Housing Finance has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • LIC Housing Finance used its assets less efficiently than the IN Mortgage industry average last year based on Return on Assets.
  • Unable to establish if LIC 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 LIC 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.
LIC Housing Finance has a total score of 1/6, 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 LIC 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 LIC 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 LIC Housing Finance Company Filings, last reported 11 months ago.

NSEI:LICHSGFIN Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 127,950.89 1,503,921.53 30,553.57
2017-03-31 111,574.81 1,320,828.29 45,225.35
2016-03-31 92,162.03 1,147,977.72 39,871.26
2015-03-31 78,815.64 994,201.12 29,929.11
2014-03-31 75,869.65 841,311.31 30,742.22
2013-03-31 65,341.27 706,792.47 15,234.57
2012-03-31 57,102.94 574,449.53 16,464.47
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 LIC Housing Finance has an acceptable proportion of non-loan assets without balance sheet data.
  • Unable to establish if LIC Housing Finance's liabilities are primarily made up of low risk funding sources without deposits or liabilities data.
  • LIC Housing Finance reports no customer deposits, loans are made up entirely of borrowed funds.
  • LIC Housing Finance's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Unable to establish if LIC Housing Finance has a sufficient allowance for bad loans without relevant financial data.
  • Unable to establish if LIC Housing Finance has an acceptable level of bad loans without bad loans data.
X
Financial health checks
We assess LIC 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. LIC 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 LIC 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
1.32%
Current annual income from LIC Housing Finance dividends. Estimated to be 1.8% next year.
If you bought ₹2,000 of LIC Housing Finance shares you are expected to receive ₹26 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?
  • LIC Housing Finance's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.5%).
  • LIC Housing Finance's dividend is below the markets top 25% of dividend payers in India (1.88%).
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:LICHSGFIN 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 29 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 1400 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:LICHSGFIN Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2023-03-31
2022-03-31 8.20 1.00
2021-03-31 10.83 19.00
2020-03-31 9.02 21.00
2019-03-31 8.09 21.00
NSEI:LICHSGFIN Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-08-20 6.800 1.479
2018-04-23 6.800 1.342
2017-04-25 6.200 1.008
2016-04-18 5.500 1.027
2015-07-29 5.000 1.078
2015-04-20 5.000 1.152
2014-07-21 4.000 1.044
2014-04-21 4.000 1.297
2013-07-03 3.800 1.861
2013-04-26 3.800 1.474
2012-05-25 3.600 1.414
2012-04-25 3.600 1.457
2011-04-28 3.500 1.529
2010-04-28 3.000 1.419
2009-06-01 2.600 1.787
2009-04-23 2.600 3.301
2009-03-19 2.000 4.028

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of LIC Housing Finance's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (5.6x coverage).
X
Income/ dividend checks
We assess LIC 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 LIC Housing Finance afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. LIC Housing Finance has a total score of 5/6, 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 LIC 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
Vinay Sah
COMPENSATION ₹3,163,587
AGE 59
TENURE AS CEO 1.9 years
CEO Bio

Mr. Vinay Sah has been Chief Executive Officer, Managing Director and Whole Time Executive Director of LIC Housing Finance Limited since April 12, 2017 and its Director. Mr. Sah serves as Zonal Manager Incharge for Zonal Office Mumbai at Life Insurance Corporation of India. Mr. Sah serves as a Zonal Manager of Life Insurance Corporation of India, East Central Zone, Patna, India. Mr. Sah has more than 30 years of experience in the field of insurance and business management. He served as a Non Executive Independent Director of Kesoram Industries Limited since November 3, 2011 until January 24, 2018. He holds a Masters Degree in Statistics from Lucknow University, India.

CEO Compensation
  • Insufficient data for Vinay to compare compensation growth.
  • Vinay's remuneration is lower than average for companies of similar size in India.
Management Team Tenure

Average tenure of the LIC Housing Finance management team in years:

1.8
Average Tenure
  • The average tenure for the LIC Housing Finance management team is less than 2 years, this suggests a new team.
Management Team

Vinay Sah

TITLE
MD, CEO & Executive Director
COMPENSATION
₹3M
AGE
59
TENURE
1.9 yrs

P. Narayanan

TITLE
Chief Financial Officer
COMPENSATION
₹2M
TENURE
4.3 yrs

Nitin Jage

TITLE
GM of Taxation
COMPENSATION
₹3M

Sudipto Sil

TITLE
Deputy CFO & Investor Relation Manager

Dipak Bardoloi

TITLE
General Manager of Legal & Audit
TENURE
1.2 yrs

N. Mahesh

TITLE
Chief Manager of Credit Monitoring - Non Core
TENURE
1.8 yrs

Jaspal Singh

TITLE
General Manager of HR
TENURE
1.2 yrs

Purti Samant

TITLE
Chief Manager of Compliance
TENURE
2.8 yrs

A. Sharma

TITLE
Chief Executive Officer of LICHFL Asset Management Company Limited
COMPENSATION
₹1M
TENURE
7.3 yrs

S. Singh

TITLE
General Manager of Subsidiary Monitoring
TENURE
1.2 yrs
Board of Directors Tenure

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

3.8
Average Tenure
61
Average Age
  • The tenure for the LIC Housing Finance board of directors is about average.
Board of Directors

Hemant Bhargava

TITLE
Chairman
AGE
59
TENURE
0.2 yrs

Vinay Sah

TITLE
MD, CEO & Executive Director
COMPENSATION
₹3M
AGE
59

Jagdish Capoor

TITLE
Independent Director
COMPENSATION
₹800K
AGE
79
TENURE
6.8 yrs

P. Rao

TITLE
Independent Director
AGE
62
TENURE
0.8 yrs

Savita Singh

TITLE
Non-Executive Director
COMPENSATION
₹150K
AGE
52
TENURE
6.8 yrs

Dharmendra Bhandari

TITLE
Independent Director
COMPENSATION
₹310K
AGE
61
TENURE
4.6 yrs

Vipan Kukreja

TITLE
Independent Director
COMPENSATION
₹880K
AGE
65
TENURE
3.8 yrs

Ameet Patel

TITLE
Independent Director
COMPENSATION
₹260K
TENURE
3.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess LIC 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. LIC 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

What Should You Know About LIC Housing Finance Limited's (NSE:LICHSGFIN) Growth?

Since LIC Housing Finance Limited (NSE:LICHSGFIN) released its earnings in March 2018,. … conservative, with earnings growth rate expected to be 11% next year, which is within range of the past five-year average earnings growth of 13% … Currently with trailing-twelve-month earnings of ₹20b, we can expect this to reach ₹22b by 2020.

Simply Wall St -

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

Pricing LICHSGFIN, a financial stock, can be difficult since these banks have cash flows that are affected by regulations that are not imposed upon other sectors. … These lenders, for example, must hold certain levels of capital in order to maintain a safe cash cushion.

Simply Wall St -

LIC Housing Finance Limited (NSE:LICHSGFIN): What Does The Future Look Like?

LIC Housing Finance Limited's (NSE:LICHSGFIN) released its most recent earnings update in March 2018, whicha

Simply Wall St -

Is LIC Housing Finance Limited's (NSE:LICHSGFIN) PE Ratio A Signal To Buy For Investors?

LIC Housing Finance Limited (NSE:LICHSGFIN) trades with a trailing P/E of 10.6, which is lower than the industry average of 13.9. … While LICHSGFIN might seem like an attractive stock to buy, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions. … See our latest analysis for LIC Housing Finance

Simply Wall St -

Have Investors Priced In LIC Housing Finance Limited's (NSE:LICHSGFIN) Growth?

LIC Housing Finance Limited (NSE:LICHSGFIN) is considered a high-growth stock, but its last closing price of ₹428.65 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … What can we expect from LIC Housing Finance in the future. … According to the analysts covering the company, the following few years should bring about good growth prospects for LIC Housing Finance

Simply Wall St -

How LIC Housing Finance Limited's (NSE:LICHSGFIN) Earnings Growth Stacks Up Against The Industry

Today I will take a look at LIC Housing Finance Limited's (NSE:LICHSGFIN) most recent earnings update (31 March 2018) and compare these latest figures against its performance over the past few years, as well as how the rest of the mortgage industry performed. … Did LICHSGFIN's recent earnings growth beat the long-term trend and the industry. … LICHSGFIN's trailing twelve-month earnings (from 31 March 2018) of ₹20.14b has

Simply Wall St -

What Should Investors Know About LIC Housing Finance Limited's (NSE:LICHSGFIN) Growth?

Since LIC Housing Finance Limited (NSE:LICHSGFIN) released its earnings in March 2018,. … conservative, with earnings growth rate expected to be 14.46% next year, which is within range of the past five-year average earnings growth of 13.15% … Currently with trailing-twelve-month earnings of ₹20.14b, we can expect this to reach ₹23.05b by 2019

Simply Wall St -

Should You Expect LIC Housing Finance Limited (NSE:LICHSGFIN) To Continue Delivering An ROE Of 15.74%?

and want to learn about Return on Equity using a real-life example. … With more debt, LICHSGFIN can invest even more and earn more money, thus pushing up its returns. … However, ROE only measures returns against equity, not debt.

Simply Wall St -

How Do Analysts See LIC Housing Finance Limited (NSE:LICHSGFIN) Performing In The Next Couple Of Years?

LIC Housing Finance Limited's (NSE:LICHSGFIN) released its most recent earnings update in March 2018, whicha

Simply Wall St -

Want To Invest In LIC Housing Finance Limited (NSE:LICHSGFIN) Today? Read This First

Growth expectations for LIC Housing Finance Limited (NSE:LICHSGFIN) are high, but many investors are starting to ask whether its last close at ₹495.85 can still be rationalized by the future potential. … See our latest analysis for LIC Housing Finance? … Investors in LIC Housing Finance have been patiently waiting for the uptick in earnings.

Simply Wall St -

Company Info

Description

LIC Housing Finance Limited provides loans for purchase, construction, repair and renovation, etc. of houses/flats for individuals, corporate bodies, builders, and co-operative housing societies in India. The company offers finance on existing property for business or personal needs; loans to professionals for buying office space and equipment; and finance to individuals engaged in the business of construction and sale of houses or flats for residential purpose. It is also involved in setting up, running, and maintaining assisted living community center/care homes for senior citizens; marketing various financial products and services; and managing, advising, and administering mutual funds, unit trusts, and investment trusts. In addition, the company provides financial and investment advisory services; and acts as a trustee to venture capital trusts and funds. It markets its products through home loan agents, direct sales agents, and customer relation associates. As of March, 31, 2018, the company operated through a network of 9 regional offices, 23 back offices, 249 marketing offices, and 1 customer service point in India, as well as representative offices in Dubai and Kuwait. LIC Housing Finance Limited was founded in 1989 and is based in Mumbai, India.

Details
Name: LIC Housing Finance Limited
LICHSGFIN
Exchange: NSEI
Founded: 1989
₹257,302,430,550
504,663,000
Website: http://www.lichousing.com
Address: LIC Housing Finance Limited
131 Maker Towers,
13th Floor,
Mumbai,
Maharashtra, 400005,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI LICHSGFIN Equity Shares National Stock Exchange of India IN INR 24. Jul 1998
BSE 500253 Equity Shares Mumbai Stock Exchange IN INR 24. Jul 1998
BDL LICHS GDR-REPR 2 ORD INR2 REG'S Bourse de Luxembourg LU USD 08. Sep 2004
Number of employees
Current staff
Staff numbers
0
LIC Housing Finance employees.
Industry
Thrifts and Mortgage Finance
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/18 12:43
End of day share price update: 2019/03/18 00:00
Last estimates confirmation: 2019/03/18
Last earnings filing: 2018/08/20
Last earnings reported: 2018/03/31
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.