Financials LIC Housing Finance Limited

Equities

LICHSGFIN

INE115A01026

Banks

Market Closed - NSE India S.E. Other stock markets 06:49:45 2025-12-16 am EST			5-day change	1st Jan Change
525.80 ^INR	-1.06%		-1.39%	-12.08%

Oct. 31	Jefferies Adjusts LIC Housing Finance's Price Target to INR600 From INR635, Keeps at Hold	MT
Oct. 31	Prabhudas Lilladher Downgrades LIC Housing Finance to Hold from Buy; Price Target is INR690	MT

Projected Income Statement: LIC Housing Finance Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	53,946	57,994	64,882	88,440	85,243	87,722	93,934	102,874
Change	-	7.5%	11.88%	36.31%	-3.62%	2.91%	7.08%	9.52%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	46,662	47,664	55,000	76,976	71,416	73,976	79,241	86,874
Change	-	2.15%	15.39%	39.96%	-7.22%	3.58%	7.12%	9.63%
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	33,486	27,782	35,570	60,539	68,558	67,495	71,584	77,775
Change	-	-17.03%	28.03%	70.2%	13.25%	-1.55%	6.06%	8.65%
Net income ¹	27,343	22,873	28,910	47,654	54,290	53,650	56,978	61,765
Change	-	-16.35%	26.4%	64.83%	13.93%	-1.18%	6.2%	8.4%
Announcement Date	6/15/21	5/18/22	5/16/23	5/15/24	5/15/25	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	12,130	12,816	13,289	15,748	13,091	12,090	15,244	17,568	16,509	12,056	16,432	20,274	22,523	21,587	21,460	22,869	20,336	20,522	21,059	23,325	21,859	21,711	22,128	22,019
Change	-	5.66%	3.69%	18.5%	-16.87%	-7.64%	26.09%	15.24%	-6.03%	-26.97%	36.3%	23.38%	11.09%	-4.16%	-0.59%	6.57%	-11.08%	0.92%	2.61%	10.76%	-6.29%	-0.67%	1.92%	-0.49%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	10,741	11,123	11,506	13,292	10,233	9,343	13,174	14,913	14,481	7,527	13,557	17,515	20,098	18,993	18,845	19,040	17,715	17,417	17,495	18,790	18,920	18,423	18,849	18,308
Change	-	3.55%	3.44%	15.52%	-23.01%	-8.7%	41.01%	13.2%	-2.9%	-48.02%	80.12%	29.2%	14.74%	-5.5%	-0.78%	1.04%	-6.96%	-1.68%	0.45%	7.4%	0.7%	-2.63%	2.31%	-2.87%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	10,177	10,093	9,696	3,520	1,929	3,090	9,618	13,144	11,404	3,788	5,930	14,448	16,490	14,801	14,487	14,762	16,284	16,644	17,934	17,696	16,992	17,366	17,504	17,660
Change	-	-0.83%	-3.93%	-63.7%	-45.19%	60.14%	211.33%	36.65%	-13.24%	-66.78%	56.53%	143.64%	14.13%	-10.24%	-2.12%	1.9%	10.31%	2.21%	7.76%	-1.33%	-3.98%	2.2%	0.79%	0.89%
Net income ¹	8,175	7,909	7,270	3,989	1,534	2,479	7,673	11,186	9,255	3,050	4,803	11,803	13,237	11,880	11,629	10,908	13,002	13,289	14,320	13,680	13,599	13,525	13,880	13,651
Change	-	-3.25%	-8.07%	-45.13%	-61.54%	61.54%	209.58%	45.78%	-17.27%	-67.05%	57.49%	145.74%	12.15%	-10.25%	-2.12%	-6.2%	19.2%	2.21%	7.76%	-4.47%	-0.59%	-0.55%	2.63%	-1.65%
Announcement Date	8/24/20	11/11/20	1/29/21	6/15/21	7/29/21	10/21/21	1/27/22	5/18/22	8/4/22	11/1/22	2/6/23	5/16/23	8/3/23	11/1/23	2/2/24	5/15/24	8/2/24	10/28/24	1/31/25	5/15/25	8/1/25	-	-	-

¹INR in Million

Estimates

Forecast Balance Sheet: LIC Housing Finance Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	6/15/21	5/18/22	5/16/23	5/15/24	5/15/25	-	-	-

Estimates

Cash Flow Forecast: LIC Housing Finance Limited

Fiscal Period: March	2020	2021	2022	2023	2024	2025
CAPEX ¹	147.2	108.3	353.1	641	374.5	733.5
Change	-	-26.43%	226.04%	81.53%	-41.58%	95.86%
Free Cash Flow (FCF) ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Announcement Date	9/2/20	9/2/21	9/5/22	8/4/23	8/6/24	8/5/25

¹INR in Million

Estimates

Forecast Financial Ratios: LIC Housing Finance Limited

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-	-
EBIT Margin (%)	-	86.5%	82.19%	84.77%	87.04%	83.78%	84.33%	84.36%	84.45%
EBT Margin (%)	-	62.07%	47.9%	54.82%	68.45%	80.43%	76.94%	76.21%	75.6%
Net margin (%)	-	50.69%	39.44%	44.56%	53.88%	63.69%	61.16%	60.66%	60.04%
FCF margin (%)	-	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-	-
Profitability
ROA	-	1.21%	0.93%	1.08%	1.67%	1.79%	1.64%	1.62%	1.61%
ROE	-	14.13%	10.12%	11.17%	16.29%	16.05%	13.88%	13.05%	12.61%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	-	-	-	-	-	-
CAPEX / EBITDA (%)	-	-	-	-	-	-	-	-	-
CAPEX / FCF (%)	-	-	-	-	-	-	-	-	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	8.5	8.5	8.5	9	10	11.22	12.57	13.38
Change	-	-	0%	0%	5.88%	11.11%	12.25%	11.97%	6.43%
Book Value Per Share ¹	-	408	448.3	492.4	570.4	658.7	742.8	831.7	924.2
Change	-	-	9.87%	9.84%	15.84%	15.49%	12.76%	11.97%	11.12%
EPS ¹	-	54.18	43.14	52.56	86.63	98.7	97.47	103.5	112.2
Change	-	-	-20.38%	21.84%	64.82%	13.93%	-1.25%	6.16%	8.44%
Nbr of stocks (in thousands)	-	504,663	550,063	550,063	550,063	550,063	550,063	550,063	550,063
Announcement Date	-	6/15/21	5/18/22	5/16/23	5/15/24	5/15/25	-	-	-