Live LIC Housing Finance Share Price Chart

O 652.35

H 652.35

L 652.35

VOL 679

LIC Housing Finance Performance

Days Range

Low: ₹642.20
High: ₹655.00
Previous Close ₹652.00
Open ₹652.35
Volume 3,98,889
Day’s Range ₹642.20 - ₹655.00
52W Range ₹362.75 - ₹683.00
Market Cap ₹35,517 Cr

LIC Housing Finance Fundamentals

ROCE (TTM) 8.59
P/E Ratio (TTM) 7.46
P/B Ratio 1.13
Industry P/E 18.97
Debt to Equity 8.03
ROE 15.13
EPS (TTM) 86.59
Dividend Yield 1.39
Book Value 572.24
Face Value 2

LIC Housing Finance Financials

Jun 2023Sep 2023Dec 2023Mar 2024
Expenses5,114.35,282.835,349.875,466.43
Profit before tax1,644.831,483.041,454.321,482.18
Operating Profit1,319.041,191.861,166.61,082.06
Net Profit1,319.041,191.861,166.61,082.06
EPS in Rs23.9821.6721.2119.67

About LIC Housing Finance

History

On June 19, 1989, LIC Housing Finance Limited was incorporated as a company that financed housing projects, especially at a retail level. The company was listed on November 30, 1994. In 2001, the company launched its Griha Vikas scheme, which offered loans against property. In 2002, the company took over Citibank’s individual housing loan portfolio.

In October 2005, the company began offering housing loans against the security of certain financial assets such as Bank Fixed Deposits, National Savings Certificates and life insurance policies under the ‘New Griha Laxmi’ scheme. In 2006, the company began offering the new Griha Jestha scheme for senior citizens to buy LICHFL Care Homes Ltd units. In May 2007, the company launched its maiden fixed deposit scheme. In February 2008, they launched a reverse mortgage scheme for senior citizens above the age of 60 years.

In 2010-11, the company launched its unique interest rate scheme named  ‘MINI 5’ to cater to the housing finance requirements of the priority sector population living in India’s Tier II and Tier III cities. On September 6, 2010, LIC Housing Finance announced its application for a license with the Pension Fund Regulatory Development Authority (PFRDA) to act as an aggregator under the National Pension System – Lite.

In 2015, the company crossed the ₹1 lakh crore loan portfolio mark. In 2022-23, the company opened a further 50 new area offices overall in India. This included expanding to a total of 23 States and 4 Union Territories. At this point, it also had a representative office in Dubai, UAE. The number of branches increased by this time to 314. 

Business Segments

LIC Housing Finance Ltd (LICHFL) considers itself to be operating in a single segment, i.e. providing loans for the purchase, construction, repairs and renovation of housing. All other services are considered to be revolving around this very business. However, the loan book itself comprises of the following types of customers:

  1. Individual housing loans – As of March 31, 2023, LICHFL’s individual housing loan book represented 83% of the total loan portfolio. The company primarily targets the middle-income segment.
  2. Non-housing individual loans –  This makes up around 10% of the company’s loan portfolio in FY 2022-23. 
  3. Non-housing corporate loans – These are corporate loans that are not related to real estate development. 
  4. Project finance loans – These are loans extended to developers engaged in construction of houses or flats for residential purposes and to be sold by them.

The company provides finance on existing properties for business or personal needs. It also gives loans to professionals for the purchase or construction of clinics, nursing homes, diagnostic centres, office space, and equipment. 

Subsidiaries

As of March 31, 2023, the company has 4 subsidiary companies:

  1. LICHFL Care Homes Limited – e. The basic purpose of incorporating the company was to establish and operate ‘assisted living community centres’ for senior citizens.
  2. LICHFL Asset Management Company Limited – The company manages, advises, and administers Private Equity Funds, including Venture Capital Fund (VCF) and Alternate Investment Fund (AIF).
  3. LICHFL Trustee Company Private Limited – The Company is undertaking the business of trusteeship services for Venture Capital Funds (VCFs) and Alternative Investment Funds (AIFs). 
  4. LICHFL Financial Services Limited – The subsidiary is dedicated to the marketing of housing loan, insurance products, mutual funds, fixed deposits, and credit cards

Corporate Actions

The company has conducted the following corporate actions:

Stock Split

The company split its stock’s face value from ₹10 to ₹2 with a record date of December 31, 2010.

Parent Organisation LIC of India
Founded 1989
Managing Director Siddhartha Mohanty
NSE Symbol LICHSGFIN

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LIC Housing Finance FAQs

What is the Share price of LIC Housing Finance (LICHSGFIN)?

LIC Housing Finance (LICHSGFIN) share price as of May 18, 2024, on NSE is Rs 644.85 (NSE) and Rs 645.70 (BSE) on BSE.

Can I buy LIC Housing Finance (LICHSGFIN) shares?

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

How do I buy LIC Housing Finance (LICHSGFIN) from Angel One?

LIC Housing Finance (LICHSGFIN) share can be brought through the following modes:
  1. Direct investment: You can buy LIC Housing Finance (LICHSGFIN) 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 LIC Housing Finance (LICHSGFIN) shares.

Is Lic Housing Finance a Debt free Company?

No, Lic Housing Finance is not a debt free company.

What is the main business of Lic Housing Finance?

The main business of Lic Housing Finance is to provide long-term finance to individuals, including home loans, plot loans, and grih suvidha loans to individuals. It also extends loans to corporates and builders/developers engaged in the construction of residential properties.

Who are the promoters of Lic Housing Finance?

The main promoter of Lic Housing Finance is Life Insurance Corporation Of India with a 45.24% shareholding as on September 2022

What are the Subsidiaries that comes under Lic Housing Finance?

The main subsidiaries that come under Lic Housing Finance are LICHFL Care Homes Limited, LICHFL Financial Services Limited, LICHFL Asset Management Company Limited, and LICHFL Trustee Company Private Limited.