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LICHSGFIN - Fundamental Analysis: Financial Health & Valuation

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Rating: 4

Last Updated Time : 19 Mar 26, 07:10 pm

Fundamental Rating: 4.0

Stock Code LICHSGFIN Market Cap 27,676 Cr. Current Price 503 ₹ High / Low 647 ₹
Stock P/E 5.07 Book Value 699 ₹ Dividend Yield 1.99 % ROCE 8.93 %
ROE 16.0 % Face Value 2.00 ₹ DMA 50 520 ₹ DMA 200 551 ₹
Chg in FII Hold 0.19 % Chg in DII Hold -0.33 % PAT Qtr 1,384 Cr. PAT Prev Qtr 1,354 Cr.
RSI 43.2 MACD -6.27 Volume 18,78,154 Avg Vol 1Wk 20,80,588
Low price 488 ₹ High price 647 ₹ PEG Ratio 0.15 Debt to equity 7.10
52w Index 9.40 % Qtr Profit Var -3.35 % EPS 99.4 ₹ Industry PE 14.1

📊 Core Financials

  • Revenue & Profitability: PAT rose slightly (₹1,354 Cr → ₹1,384 Cr), showing stability. EPS at ₹99.4 reflects strong earnings capacity.
  • Margins: ROE at 16% is healthy, while ROCE at 8.93% highlights average efficiency.
  • Debt: Debt-to-equity ratio of 7.10 indicates high leverage, typical for housing finance companies.
  • Cash Flow: Operating performance is steady, though leverage impacts flexibility.

💹 Valuation Indicators

  • P/E: 5.07, well below industry average (14.1), suggesting undervaluation.
  • P/B: 0.72 (₹503 / ₹699), reflecting deep value relative to book value.
  • PEG Ratio: 0.15, highly attractive as growth is undervalued compared to earnings.
  • Intrinsic Value: Current price ₹503 is undervalued; favorable entry closer to ₹490–510.

🏢 Business Model & Competitive Advantage

  • Strong presence in housing finance with backing from LIC brand.
  • Focus on retail housing loans supports consistent demand.
  • High leverage is standard for housing finance but requires prudent risk management.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: ₹490–510 range offers attractive entry.
  • Long-Term Holding: Suitable for value investors seeking exposure to housing finance growth, though leverage warrants caution.


✅ Positive

  • Low P/E (5.07) compared to industry average (14.1), indicating undervaluation.
  • PEG ratio (0.15) suggests strong undervaluation relative to growth.
  • Dividend yield of 1.99% adds to shareholder returns.
  • FII holdings increased by 0.19%, showing foreign investor confidence.

⚠️ Limitation

  • ROCE (8.93%) is modest compared to industry leaders.
  • Debt-to-equity ratio of 7.10 indicates high leverage.
  • Stock trading below DMA 50 (₹520) and DMA 200 (₹551), showing weak momentum.

📉 Company Negative News

  • DII holdings decreased by 0.33%, showing reduced domestic institutional support.
  • Technical indicators (RSI 43.2, MACD -6.27) suggest bearish momentum.
  • Quarterly profit variation (-3.35%) indicates earnings pressure.

📈 Company Positive News

  • Sequential PAT growth from ₹1,354 Cr to ₹1,384 Cr.
  • FII holdings increased by 0.19%, reflecting foreign investor confidence.
  • Dividend yield of 1.99% supports investor returns.

🏭 Industry

  • Industry P/E at 14.1, much higher than company’s P/E (5.07), indicating undervaluation.
  • Housing finance sector remains resilient with strong demand for retail housing loans.

🔎 Conclusion

  • LIC Housing Finance demonstrates strong fundamentals with undervaluation relative to peers.
  • High leverage and modest ROCE require monitoring.
  • Entry zone between ₹490–510 is favorable for long-term investors.
  • Overall, a fundamentally stable company with growth prospects, offering value opportunity despite short-term momentum weakness.

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