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O 186.15

H 186.15

L 186.15

VOL 47420

Indiabulls Housing Finance Performance

Days Range

Low: ₹183.20
High: ₹189.50
Previous Close ₹184.75
Open ₹186.15
Volume 75,24,656
Day’s Range ₹183.20 - ₹189.50
52W Range ₹81.83 - ₹209.30
Market Cap ₹13,643 Cr

Fundamentals of Indiabulls Housing Finance

ROCE (TTM) 10.52%
P/E Ratio (TTM) 11.79
P/B Ratio 0.62
Industry P/E 18.92
Debt to Equity 2.63
ROE 6.22%
EPS (TTM) 15.67
Dividend Yield 0.43%
Book Value 300
Face Value 2

Financials of Indiabulls Housing Finance

Mar 2023Jun 2023Sep 2023Dec 2023
Expenses1,656.821,519.391,820.741,812.7
Profit before tax420.31396.23421.56399.02
Operating Profit262.61294.39297.98302.61
Net Profit262.61294.39297.98302.61
EPS in Rs5.856.566.546.37

About Indiabulls Housing Finance

History

Indiabulls Housing Finance was incorporated on May 10, 2005. The company provides home loans and loans against property, such as residential, commercial, and rental property. The company’s headquarters are in New Delhi. 

In September 2016, the company announced that it had raised ₹1,330 crore via unrated rupee-denominated Masala bonds with a tenor of 3 years and 1 month. In the same month, they also announced a pre-closure of a public issue of NCDs on the second day since opening. 

The issue was subscribed over 2 times on the base issue of ₹3,500 crore. The company’s stock was included in the Nifty 50 index in March, 2017. On December 29, 2017, the company announced its issuance of India’s first Social Affordable Housing Bond of ₹1,000 crore, for financing an affordable housing sector. 

Business Segments

The Company is engaged in the business of offering financial services to individuals and institutions or companies for the construction, repair, and remodelling of houses or to take on lease, purchase or acquire properties. They also act as financial advisors and consultants on their own or jointly with others.

Indiabulls Housing Finance has the following types of offerings:

  • Home loans – The company provides home loans at competitive interest rates. This service also includes associated services such as help in finding homes and a balance transfer feature for transferring a loan from one bank to another. It also includes special loans meant for both home extension and home renovation as well as loans for rural and semi-urban homes. Indiabulls also has an office in Dubai to facilitate home loans for NRIs.
  • Loan against property for MSME – The company facilitates the taking of loans against owned property to fund your business venture. It allows you to leverage your residential and commercial properties in order to bring in more liquidity for your business. This service includes doorstep loan service as well as ECLGS or Emergency Credit Line Guarantee Scheme for the businesses whereby the businesses can avail additional credit, based on support from the government.

As of September 2023, the company has 11 major subsidiaries, all of which are 100% owned by Indiabulls Housing Finance. The list of subsidiaries includes names such as Indiabulls Capital Services Ltd., Indiabulls Asset Management Company Ltd. and Indiabulls Insurance Advisors Ltd., among others. However, of these 11, Indiabulls Holdings Limited has applied to have its name struck off by the registrar of companies.

Key Personnel

Mr. Gagan Banga, Vice Chairman, Managing Director and CEO 

Mr. Banga has been the managing director of Indiabulls Housing Finance Ltd since July 2014. He joined Indiabulls as the Marketing Head in 2000 and within just 4 years, he reached the position of the CEO. He became the Chief Executive Officer of Indiabulls Financial Services Ltd. in December 2004 and later continued as the CEO of Indiabulls Housing Finance Ltd. He has played a key role in the success story of Indiabulls, transforming what was then a start-up into India’s second-largest housing finance company.

Corporate Actions

Indiabulls Housing Finance has recorded no rights issue, bonus issue, share buyback or stock splits.

Mergers and Acquisitions

  • In FY 2019-20, the company’s board approved the merger of the company’s wholly-owned subsidiary, Indiabulls Commercial Credit Ltd. with Lakshmi Vilas Bank (LVB) effective from May 3, 2019.
  • In 2015, the company acquired a roughly 40% stake in Oak North Bank in the UK for $100 million. However, in 2017, the company sold one-third of that stake to Singapore’s GIC for ₹770 crore and later sold nearly 91% of its stake in FY 2020-21.
  • In 2013, Indiabulls Financial Services reverse merged into its own subsidiary, Indiabulls Housing Finance Ltd.

Financial Highlights

  • The company was steadily growing its revenues until March 2020. However, its revenue numbers dropped during COVID-19 and have not recovered since. 
  • Similarly, its yearly net profit has also not crossed ₹1,300 crore since March 2021.
  • The company’s financials have a significant debt component as its debt-to-equity ratio is 3.02x and its interest coverage ratio is 1.29x, as of September 2023.
  • Overall, the company has a quick ratio and current ratio that both equal 2.49x.
Parent Organisation Indiabulls
Founded 2005
Managing Director S S Mundra
NSE Symbol IBULHSGFIN

Peer Comparison

Stocks Market Cap (cr) Market Price (₹) 52 Week Low-High (₹)
Palash Securities Ltd ₹126.69

124.3

2.45 (-1.93%)

122 - 130.5
Prime Securities Ltd ₹603.53

181

1.00 (-0.55%)

177.2 - 182
IL&FS Investment Managers Ltd ₹332.87

10.7

0.05 (-0.47%)

10.45 - 10.9
Repco Home Finance Ltd ₹2,896.59

460.85

2.45 (-0.53%)

455.6 - 467.4
Home First Finance Company India Ltd ₹8,055.65

946.9

31.50 (3.44%)

926 - 954

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FAQs

What is the Share price of Indiabulls Housing Finance (IBULHSGFIN)?

Indiabulls Housing Finance (IBULHSGFIN) share price as of February 22, 2024, on NSE is Rs 188.75 (NSE) and Rs 188.75 (BSE) on BSE.

Can I buy Indiabulls Housing Finance (IBULHSGFIN) shares?

Yes, You can buy Indiabulls Housing Finance (IBULHSGFIN) shares by opening a Demat account with Angel One.

How do I buy Indiabulls Housing Finance (IBULHSGFIN) from Angel One?

Indiabulls Housing Finance (IBULHSGFIN) share can be brought through the following modes:
  1. Direct investment: You can buy Indiabulls Housing Finance (IBULHSGFIN) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Indiabulls Housing Finance (IBULHSGFIN) shares.

Is IndiaBulls a Debt free Company?

No, IndiaBulls is not a debt free company.

What is the main business of IndiaBulls?

The main business of IndiaBulls is to provide services in housing finance, wealth management, consumer finance, and real estate. It also enjoys a presence in construction equipment rentals, LED lighting, and pharmaceuticals.

Who are the promoters of IndiaBulls?

Some of the main promoters of IndiaBulls are Inuus Infrastructure Private Limited, Sameer Gehlaut IBHTrust, and Sameer Gehlaut.

What are the Subsidiaries that comes under IndiaBulls?

Some of the wholly owned subsidiaries that come under IndiaBulls are IndiaBulls Commercial Credit Limited, IndiaBulls Asset Management Company Limited, IndiaBulls Collection Agency Limited, Ibulls Sales Limited, IndiaBulls Capital Services Limited, IndiaBulls Advisory Services Limited, and IndiaBulls Insurance Advisors Limited.