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India's second-largest housing finance company (LIC-promoted) providing home loans mainly to salaried and self-employed borrowers.
India's second-largest housing finance company (LIC-promoted) providing home loans mainly to salaried and self-employed borrowers.
Borrows from bond investors, banks and deposits and lends at a higher rate on home loans, which make up most of its book, so income is the gap less credit losses. LIC, the state-owned life insurer, is the largest shareholder, and its parentage helps funding costs.
In one line: An Indian mortgage lender, akin to a government-backed Rocket Mortgage.
Moat: narrow (scale, brand, distribution). LIC parentage gives low-cost funding access and trust plus a large pan-India branch network.
Headquarters: Mumbai, India · Founded: 1989 · Employees: 2,399
Size LIC Housing Finance (LICHSGFIN.NS) is an India Financials company (Finance/Rental/Leasing) with a market value of $3.12B, the 280th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹536.00 on 6 Nov 2026.
Performance Over six months the shares fell 8.6%, against -8.2% for the median peer and 0.0% for the India market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue fell 0.6% over the last twelve months (peer median +9.0%); the operating margin is 26.1% (peer median 29.5%).
Valuation It trades at 0.67× book value against a peer median of 1.48× (4th cheapest of 21).
Price implies The share price implies a return on equity of about 11.6%; LIC Housing Finance delivers 14.3%, so the price asks less than the business earns today.
Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹286B | ₹285B | ₹279B | ₹272B | ₹227B |
| Revenue growth | — | +2% | +2% | +20% | — |
| Gross profit | ₹86.8B | ₹274B | ₹270B | ₹262B | ₹215B |
| EBITDA | ₹76.1B | ₹264B | ₹260B | ₹254B | ₹208B |
| Net income | ₹59.0B | ₹56.0B | ₹54.4B | ₹47.6B | ₹28.9B |
| Free cash flow | n/a | ₹53.3B | ₹53.0B | ₹74.3B | ₹40.9B |
| Capital expenditure | n/a | ₹520M | ₹734M | ₹374M | ₹641M |
| Total debt | ₹2.75T | ₹2.66T | ₹2.63T | ₹2.43T | ₹2.33T |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| LIC Housing Finance LICHSGFIN.NS | $3.12B | -9% | -1% | 14% | 0.67× | 11.6% |
| PNB Housing Finance PNBHOUSING.NS | $3.03B | +5% | +11% | 12% | 1.42× | 19.4% |
| Bajaj Housing Finance BAJAJHFL.NS | $7.05B | -9% | +17% | 12% | 2.77× | 41.1% |
| Can Fin Homes CANFINHOME.NS | $1.05B | -16% | +8% | 19% | 1.55× | 29.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | LICHSGFIN.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.0% | +1.4% | 8th highest of 21 |
| 6-month return | -8.6% | -8.2% | 11th highest of 21 |
| Return on equity | 14.3% | 13.1% | 10th highest of 21 |
| Price / book | 0.67× | 1.48× | 4th cheapest of 21 |
| Trailing P/E | 5.0× | 10.5× | 2nd cheapest of 19 |
| ROE the price implies | 11.6% | 13.5% | 9th least demanding of 21 |
| ROE delivered | 14.3% | 13.3% | 9th highest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| LIC Housing Finance LICHSGFIN.NS | India | $3.12B | -9% | -1% | 14% | 0.67× | 11.6% | 14.3% |
| SLM SLM | United States | $3.10B | -25% | -6% | 25% | 1.55× | 13.8% | 24.7% |
| Marui 8252.T | Japan | $3.09B | -7% | +8% | 12% | 2.12× | 7.1% | 12.4% |
| Hercules Capital HTGC | United States | $3.06B | 0% | +40% | 16% | 1.32× | 10.4% | 15.7% |
| McGrath RentCorp MGRC | United States | $3.05B | +9% | +2% | 13% | 2.38× | 13.2% | 12.9% |
| PNB Housing Finance PNBHOUSING.NS | India | $3.03B | +5% | +11% | 12% | 1.42× | 19.4% | 12.3% |
| Manappuram Finance MANAPPURAM.NS | India | $3.23B | +3% | +5% | 7% | 1.90× | 33.0% | n/a |
| Samsung Card 029780.KS | South Korea | $3.30B | -21% | +11% | 7% | 0.51× | 4.2% | n/a |
| Indian Renewable Energy Development Agency IREDA.NS | India | $3.31B | -18% | +17% | 14% | 2.18× | 42.4% | 14.4% |
| Cholamandalam Financial CHOLAHLDNG.NS | India | $2.89B | -17% | +18% | 17% | 1.77× | 26.2% | n/a |
| Housing & Urban Development HUDCO.NS | India | $3.39B | -30% | +22% | 22% | 1.39× | 31.5% | 21.7% |
| PennyMac Financial Services PFSI | United States | $3.41B | -28% | +4% | 6% | 0.78× | 10.2% | 5.6% |
| WillScot WSC | United States | $3.42B | -33% | -3% | -7% | 3.75× | 35.8% | -7.1% |
| Far East Horizon 3360.HK | Hong Kong | $3.44B | -25% | +1% | 8% | 0.45× | 4.5% | 7.6% |
| IIFL Finance IIFL.NS | India | $2.83B | +35% | +36% | 18% | 1.73× | 23.7% | 17.6% |
| Credit Saison 8253.T | Japan | $3.62B | -10% | +10% | 9% | 0.73× | 6.3% | 9.2% |
| China Development Bank Financial Leasing 1606.HK | Hong Kong | $2.66B | +4% | -5% | 13% | 0.40× | 4.5% | 12.6% |
| Sixt SIX2.DE | Germany | $3.67B | +4% | +7% | 15% | 1.67× | 15.8% | 15.0% |
| Bread Financial BFH | United States | $3.87B | +17% | +2% | 16% | 1.13× | 12.2% | 15.9% |
| GMO Payment Gateway 3769.T | Japan | $3.98B | +6% | +13% | 22% | 5.02× | 32.4% | 21.5% |
| Mizuho Leasing 8425.T | Japan | $2.45B | -13% | +16% | 13% | 0.77× | 6.0% | 13.3% |