Indiabulls Housing Finance Ltd.

NSE: IBULHSGFIN BSE: 535789 SECTOR: Finance - Housing

278.9
-4.8 (-1.69%)
NSE: 18 Jun 03:59 PM

Price Summary

Today's High

₹ 288.8

Today's Low

₹ 268.35

52 Week High

₹ 1494

52 Week Low

₹ 127.75

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationAttractive
The stock is considerably attractive based on intrinsic value.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.

Company Essentials

Market Cap

12894.91 Cr.

Advances

58504.95 Cr.

No. of Shares

46.23 Cr.

P/E

12.18

P/B

0.83

Face Value

₹ 2

Div. Yield

3.23%

Book Value (TTM)

₹  335.73

Operating Revenue

11399.23 Cr.

Net Profit

2159.91 Cr.

Promoter Holding

21.7%

EPS (TTM)

₹  22.89

Sales Growth

-26.02 %

ROE

13.57 %

ROCE

10.18 %

Profit Growth

-42.08 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Ratios

Income Growth

1 Year-26.02%
3 Year4.03%
5 Year12.62%

Profit Growth

1 Year-42.08%
3 Year-8.75%
5 Year1.77%

ROE%

1 Year13.57%
3 Year19.93%
5 Year22.44%

ROCE %

1 Year10.18%
3 Year11.08%
5 Year11.65%

ROA%

2.03376252375588

PEG Ratio

NA

PAT Margin (%)

18.9478587588811

EPS Growth(%)

NA

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2021 21.7 0
Dec 2020 21.7 0
Sep 2020 21.7 0
Jun 2020 23.66 0
Mar 2020 23.09 0
* Figures given above are % of equity capital

 Strengths

  • Company has a healthy Return on Equity (ROE) track record of 19.9296135420746%.
  • The company is trading at 0.280033053842658 times the book value

 Limitations

  • Promoters shareholding is low at 21.7%.
  • PAT margin has shrunk by 5.2548195100699%.
  • The company has delivered poor profit growth of 4.03007476872692% over past 3 years
  • The company has delivered poor Operating Income growth of 4.03007476872692% over past 3 years.
  • Provision and contingencies have increased by 142.309391977956%.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
Operating Revenue 2620.39 2232.15 2193.83 2213.66 2090.42
Other Income 7.29 4.62 39.24 3.1 51.16
Interest Expended 1950.75 1673.93 1624.84 1547.19 1462.07
Operating Expenses -137.43 316.79 277.55 317.3 125.53
Total Provisions 0 0 0 0 0
Depreciation 25.33 24 20.78 24.13 21.91
Profit Before Tax 789.03 222.05 309.9 328.14 532.07
Tax 95.5 55.12 74.53 77.64 126.4
Net Profit 693.53 166.93 235.37 250.5 405.67

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Operating Income 8007.49 10125.08 13759.45 15408.46 11399.23
Other Income 908.99 1274.28 71.63 167.29 625.68
Interest 4842.41 6314.75 7711.14 9057.11 7709.6
Operating Expenses 597.53 684.65 802.03 951.43 794.65
Total Provisions 423.31 719.17 1389.41 419.59 973.94
Exceptional Items 0 0 0 0 0
Profit Before Tax 3053.23 3680.78 3928.5 5147.62 2546.72
Tax 759.1 838.4 743.22 1418.36 386.81
Profit After Tax 2294.12 2842.38 3185.28 3729.26 2159.91
Adjusted EPS (Rs.) 54.45 67.06 74.68 87.25 50.52

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Equity and Liabilities
Share Capital 84.26 84.77 85.31 85.48 85.51
Total Reserves 10419.57 11784.55 15469.82 17173.44 14844.09
Borrowings 35137.92 52988.92 84926.05 82383.53 62866.78
Other N/C liabilities 1952.48 1047 937.75 1121.75 540
Current liabilities 28751.37 37020.25 25480.14 19338.51 13966.24
Total Liabilities 76345.61 102925.49 126899.07 120102.71 92302.62
Assets
Loans 52023.87 70747.44 102043.84 76637.36 58504.95
Net Block 65.25 83.83 97.02 140.52 375.57
Capital WIP 0 0 0 0 0
Intangible WIP 0 0 0 0 0
Investments 1456.89 1530.22 6206.07 8160.55 8266.8
Other Loans 1327.67 2499.34 604.67 738.57 995.39
Other N/C Assets 394.38 267.5 129.12 135.75 828.08
Current Assets 21077.54 27797.15 17818.35 34289.96 23331.83
Total Assets 76345.61 102925.49 126899.07 120102.71 92302.62
* Other Non-current Liabilities include Net deferred Liabilities

Corporate Actions

Investors Details

PARTICULARS Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
Promoters 23.09 23.66 21.7 21.7 21.7
ARBUTUS PROPERTIES PRIVAT... 0 0 0 0 0
CLETA BUILDTECH PRIVATE L... 0 0 0 0 0
CLETA PROPERTIES PRIVATE ... 0 0 0 0 0
GYAN SAGAR REAL ESTATE PR... 0 0 0 0 0
ORTHIA DEVELOPERS PRIVATE... 0 0 0 0 0
ORTHIA LAND DEVELOPMENT P... 0 0 0 0 0
SAMEER GEHLAUT 3.51 4.07 7.49 3.74 3.74
SG ADVISORY SERVICES PRIV... 0 0 0 0 0
INUUS INFRASTRUCTURE PRIV... 19.58 19.59 17.96 17.96 17.96
PARTICULARS Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
Public 27.43 25.25 39.94 34.05 31.95
GLOBE COMMODITIES LTD 0 0 0 0 0
MINESH JORMALBHAI MEHTA M... 0 0 1.71 1.29 0
PARTICULARS Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
FII/DII 49.48 51.08 38.23 44.25 46.35
LIFE INSURANCE CORPORATIO... 10.82 10.82 9.92 9.92 9.92
STEADVIEW CAPITAL MAURIT... 1.33 1.16 0 0 0
VANGUARD EMERGING MARKETS... 1.14 1.04 0 0 0
VANGUARD TOTAL INTERNATIO... 1.31 1.31 1.14 1.03 0
STAR FUNDS S.A., SICAV-SI... 3.06 3.07 3.06 3.06 0
JASMINE CAPITAL INVESTMEN... 1.26 0 0 0 0
DF INTERNATIONAL PARTNERS... 1.43 1.43 0 0 0
MONDRIAN EMERGING MARKETS... 1.39 1.14 0 0 0
STAR FUNDS S.A., SICAV-SI... 0 0 0 0 3.06
VANGUARD EMERGING MARKETS... 0 0 0 0 1.04
FRANKLIN MUTUAL SERIES FU... 2.05 2.05 0 0 0
Qualified Institutional B... 0 0 0.01 0 0
CALIFORNIA STATE TEACHERS... 1.59 1.52 0 0 0
WASHINGTON STATE INVESTME... 0 0 0 0 0
WISDOMTREE EMERGING MARKE... 1.05 1.09 0 0 0
BNP PARIBAS ARBITRAGE 1.75 1.8 2.43 2.97 2.3
THE WELLINGTON TRUST COMP... 1.09 1.27 0 0 0
AXIS BANK LIMITED 0 1.14 0 0 0
ISHARES EMERGING MARKETS ... 0 1.11 1.13 1.01 0
HSBC POOLED INVESTMENT FU... 0 0 1.11 1.74 0
THE WELLINGTON TRUST COMP... 0 0 1.16 1.12 0
BLACKROCK EMERGING FRONTI... 0 0 0 0 1.37
BLACKROCK STRATEGIC FUNDS... 0 0 0 0 1.19
HSBC GLOBAL INVESTMENT FU... 0 0 0 0 1.14
HSBC POOLED INVESTMENT FU... 0 0 0 0 2.62
SOCIETE GENERALE 0 0 0 0 1.25
THE WELLINGTON TRUST COMP... 0 0 0 0 1.12

Ratings & Research Reports

Company Presentations

Company News

Indiabulls Housing Finance informs about allotment of equity shares19 Jun 2021, 11:12AM Indiabulls Housing Finance, Indiabulls Commercial Credit ink pact with Central Bank of India 8 Jun 2021, 9:46AM Indiabulls Housing Finance informs about updates5 Jun 2021, 1:46PM Indiabulls Housing Finance informs about interest payment5 Jun 2021, 12:44PM Indiabulls Housing Finance informs about redemption of NCDs2 Jun 2021, 12:18PM Indiabulls Housing Finance reports 2-fold jump in Q4 consolidated net profit20 May 2021, 11:41AM Indiabulls Housing Finance informs about disclosure 18 May 2021, 10:13AM Indiabulls Housing Finance informs about proposed divestment of mutual fund business11 May 2021, 2:22PM Indiabulls Housing, HDFC ink pact for co-lending22 Apr 2021, 9:17AM Indiabulls Housing Finance raises Rs 1,091 crore via FCCBs 5 Mar 2021, 10:33AM Indiabulls Housing Finance informs about interest payment2 Mar 2021, 10:36AM Indiabulls Housing Finance to raise Rs 5,000 crore through securitisation route in Q4FY2115 Feb 2021, 9:13AM Indiabulls Housing Finance informs about interest payment of NCDs19 Dec 2020, 3:16PM Indiabulls Housing Finance raises Rs 93 crore by selling part of stake in OakNorth30 Nov 2020, 9:29AM Indiabulls Housing Finance reports 54% fall in Q2 consolidated net profit12 Nov 2020, 10:31AM Indiabulls Housing Finance raises Rs 64 crore by selling part of stake in OakNorth 5 Nov 2020, 9:30AM Indiabulls Housing Finance sells additional stake in OakNorth Holdings for Rs 220 crore16 Oct 2020, 2:31PM Indiabulls Housing Finance redeems NCDs16 Oct 2020, 10:32AM Indiabulls Housing Finance sells additional stake in OakNorth Bank for Rs 441 crore12 Oct 2020, 9:00AM Indiabulls Housing Finance raises Rs 625 crore through NCDs1 Oct 2020, 11:27AM Indiabulls Housing Finance raises Rs 630 crore by selling part of its stake in OakNorth Holding 30 Sep 2020, 10:30AM Brickwork assigns short-term rating to Indiabulls Housing Finance16 Sep 2020, 12:10PM Indiabulls Housing Finance raises about Rs 682.87 crore 16 Sep 2020, 11:31AM Indiabulls Housing raises Rs 1,205 crore through QIP, partial stake sale in OakNorth15 Sep 2020, 11:42AM Indiabulls Housing Finance launches QIP; sets floor price at Rs 206.70 per share10 Sep 2020, 4:57PM Indiabulls Housing sells part stake in OakNorth 10 Sep 2020, 3:20PM Indiabulls Housing aiming to raise Rs 1,000 crore via QIP, divestment in OakNorth Bank 10 Sep 2020, 9:04AM Indiabulls Housing Finance informs about reply on clarification sought by exchange7 Jul 2020, 4:54PM Indiabulls Housing Finance to seek shareholders' approval to raise up to $300 million7 Jul 2020, 12:38PM Indiabulls Housing Finance raises Rs 150 crore through NCDs4 Jul 2020, 9:39AM Indiabulls Housing Finance raises Rs 250 crore through NCDs1 Jul 2020, 9:24AM Indiabulls Housing Finance raises Rs 325 crore through NCDs26 Jun 2020, 2:15PM Indiabulls Housing Finance raises Rs 200 crore via NCDs13 Jun 2020, 10:55AM Indiabulls Housing Finance raises Rs 1,030 crore via NCDs18 May 2020, 3:09PM CARE reaffirms Indiabulls Housing Finance’s long-term rating 9 May 2020, 3:01PM Indiabulls Housing Finance to raise Rs 1,000 crore through NCDs 25 Apr 2020, 1:01PM

Indiabulls Housing Stock Price Analysis and Quick Research Report. Is Indiabulls Housing an attractive stock to invest in?

 

Housing finance companies is a highly concentrated business-facing fierce competition and the industry has remained competitive for several years. The growth of the economy and also increase in the per capita income of individuals impact the housing industry as a whole.

These companies provide finance for housing in India to individuals and corporations. The housing finance companies majorly cater to low and middle-income individuals. The proportion of loans coming from housing companies is significantly increasing.

Around 2% of India's total population invests in financial assets. The penetration of the mutual fund industry in India is close to 7% (Based on the number of PAN cardholders). This under penetration of the mutual fund industry offers a huge opportunity for the industry to grow. Migration to financial savings, wider distribution and sustainable performance are expected to enable growth in the industry. Also, increasing financial literacy among investors, digitization and the number of mediums available tend to attract more investors to invest in the financial markets.

To understand the functions of the Indiabulls Housing better, you must go through the following points:

Key Financials –

  • Profitability: Profit margin (PAT margin) of the company shows how well a company controls its cost. It is one of the important indicators to show the financial health of the company. Net profit of the company is Rs 2159.91 Cr and the compounded growth of profit in the past 3 years is -8.74610044214825 %. The PAT margin of Indiabulls Housing is 18.9478587588811 %.

  • EPS growth: Investors should ensure the EPS figure is growing faster than revenue numbers because it indicates company management is increasing the efficiency with which it runs the company. In Indiabulls Housing , the EPS declined by -42.1024221072585 % YOY. 

 Financial Ratios –

  •  Return on Equity (ROE): The Company has a average ROE track record. The ROE of Indiabulls Housing is at 13.5683306991248 % for the latest year.

  • P/E Ratio: Relative valuation metrics like the P/E ratio can be used to see if the stock of Indiabulls Housing is worth at the current levels at Rs 283.6. The stock is trading at a current P/E ratio of 1.91118861877775 and the average historical P/E for the last 5 years was 11.0100608073349.

  • P/B ratio can be one of the best metrics to value such companies. Currently, Indiabulls Housing is trading at a P/B of 0.8447 . The average historical P/B for the last 5 years was 2.39858777510563. This can be compared with the Market price per share in order to know if the stock is undervalued or overvalued.

Brief about Indiabulls Housing

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