Company Valuation: LIC Housing Finance Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 216,097 197,445 180,833 336,061 310,153 302,480 - -
Change - -8.63% -8.41% 85.84% -7.71% -2.47% - -
Enterprise Value (EV) 216,097 197,445 180,833 336,061 310,153 302,480 302,480 302,480
Change - -8.63% -8.41% 85.84% -7.71% -2.47% 0% 0%
P/E 7.9x 8.32x 6.25x 7.05x 5.71x 4.87x 5.18x 4.84x
PBR 1.05x 0.8x 0.67x 1.07x 0.86x 0.66x 0.65x 0.58x
PEG - -0.4x 0.3x 0.1x 0.4x 1.59x 0.71x 0.71x
Capitalization / Revenue 4.01x 3.4x 2.79x 3.8x 3.64x 3.03x 3.2x 2.96x
EV / Revenue 0x 0x 0x 0x 0x 3.41x 3.2x 2.96x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 4.01x 3.76x 3.49x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 8.5 8.5 8.5 9 10 10 11.3 13.33
Rate of return 1.99% 2.37% 2.59% 1.47% 1.77% 2.02% 2.05% 2.42%
EPS 2 54.18 43.14 52.56 86.63 98.7 101.7 106.2 113.5
Distribution rate 15.7% 19.7% 16.2% 10.4% 10.1% 9.83% 10.6% 11.7%
Net sales 1 53,946 57,994 64,882 88,440 85,243 89,965 94,529 102,294
EBITDA - - - - - - - -
EBIT 1 46,662 47,664 55,000 76,976 71,416 76,663 80,512 86,598
Net income 1 27,343 22,873 28,910 47,654 54,290 55,952 58,458 62,647
Net Debt - - - - - - - -
Reference price 2 428.20 358.95 328.75 610.95 563.85 549.90 549.90 549.90
Nbr of stocks (in thousands) 504,663 550,063 550,063 550,063 550,063 550,063 - -
Announcement Date 6/15/21 5/18/22 5/16/23 5/15/24 5/15/25 5/13/26 - -
1INR in Million2INR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
5.55x - - 1.99% 3.14B
27.36x - - 2.01% 33.11B
6.96x - - 8.1% 10.91B
20.86x - - 0.55% 5.05B
8.58x10.18x26.43x1.41% 4.43B
12.84x - - 0.95% 4.16B
6.82x - - 4.72% 3.42B
13.15x - - 5.71% 3.28B
12.95x - - 1.01% 2.98B
10.42x - - 4.2% 2.58B
Average 12.55x 10.18x 26.43x 3.06% 7.3B
Weighted average by Cap. 18.18x 10.18x 26.43x 3.05%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation LIC Housing Finance Limited