Buy LIC Housing Finance, target price Rs 470: JM Financial

Buy LIC Housing Finance, target price Rs 470: JM Financial
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Synopsis

LIC Housing Finance Ltd., incorporated in the year 1989, is a Large Cap company (having a market cap of Rs 20465.09 Crore) operating in NBFC sector.

Agencies
Promoters held 45.24 per cent stake in the company as of 30-Jun-2022, while FIIs owned 20.67 per cent, DIIs 19.21 per cent.
has buy call on LIC Housing Finance Ltd. with a target price of Rs 470.0. The current market price of . is Rs 371.5 .

LIC Housing Finance Ltd., incorporated in the year 1989, is a Large Cap company (having a market cap of Rs 20465.09 Crore) operating in NBFC sector.

LIC Housing Finance Ltd. key Products/Revenue Segments include Interest, Income From Financial Services and Fees & Commission Income for the year ending 31-Mar-2022.


Financials
For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 5101.40 Crore, down -3.79 % from last quarter Total Income of Rs 5302.50 Crore and up 8.01 % from last year same quarter Total Income of Rs 4722.93 Crore. Company has reported net profit after tax of Rs 311.44 Crore in latest quarter.

The company’s top management includes Mr.M R Kumar, Dr.Dharmendra Bhandari, Mr.Jagennath Jayanthi, Mr.V K Kukreja, Mr.Raj Kumar, Mr.Akshay Rout, Mr.P Koteswara Rao, Mr.Kashi Prasad Khandelwal, Mr.Ameet Patel, Mr.Ravi Krishan Takkar, Mr.Y Viswanatha Gowd, Mr.Sanjay Kumar Khemani. Company has Gokhale & Sathe as its auditors. As on 30-06-2022, the company has a total of 55 Crore shares outstanding.



Promoter/FII Holdings
Promoters held 45.24 per cent stake in the company as of 30-Jun-2022, while FIIs owned 20.67 per cent, DIIs 19.21 per cent.
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