LIC Housing Finance Ltd(LICHSGFIN)

NSE: LICHSGFINBSE: 500253

₹ 492-1.99%refreshed 23 Oct, 03:59 pm ISTMarket cap: ₹ 27,063 crNext results: 30 Oct 2026Website: www.lichousing.comUpdated: 24 Oct 2026

About

LIC Housing Finance Ltd is India's largest housing finance company, providing long-term home loans to individuals, loans against property, and construction finance to developers, with a loan book of ₹3,22,098 crore as of June 2026. The company operates across 27 states and union territories, serving approximately 30 lakh customers through 385+ centres. It carries AAA ratings from both CRISIL and CARE.^[1][2]

Loan book mix

Individual Home Loans constitute 84.4% of the outstanding loan portfolio as of Q1 FY27, with the IHL book at ₹2,71,979 cr, up 4% YoY.^[1]
As of March 2025: Individual Home Loans 85.00%, Non-Housing Individual Loans 10.35%, Non-Housing Corporate Loans 1.66%, and project portfolio 2.99%.^[2]
Non-housing individual loans (LAP and LRD) grew to ~15% of the book in FY26, up from 12% in FY25; management targets 25% within two years.^[3]
Project/construction finance portfolio is approximately 3% of the book as of Q2 FY26 after disbursements fell 48% YoY to ₹1,964 cr in FY26.^[4][3]

Products and services

Core products: long-term finance for purchase or construction of residential property; loans against existing property for business or personal needs; construction finance to builders and developers.^[2]
Also provides finance to professionals for purchase or construction of clinics, nursing homes, diagnostic centres, or office space.^[2]
An Affordable Housing Finance segment was introduced in FY25 to address the underpenetrated low-income housing market.^[2]
LAP and LRD are being expanded as margin-accretive segments; non-housing individual disbursements grew 20% YoY to ₹1,975 cr in Q1 FY27.^[1]

Distribution and reach

Network as of March 2025: 9 Regional Offices, 307 Marketing Offices, 23 Back Offices, 44 Cluster Offices, and a Customer Service Point across 385+ centres in 206 cities and towns across 27 states.^[2]
LICHFL Financial Services Ltd, a wholly-owned subsidiary with 45 offices, handles distribution of housing loans, insurance, mutual funds, fixed deposits, and credit cards.^[2]
Representative office in Dubai serves Non-Resident Indian borrowers.^[2]
87% of business is sourced through freelance agents as of Q2 FY26; the FSL subsidiary contributed ~10% of disbursements with a target of 25% by FY27.^[4]

Key operating metrics

Total disbursements in Q1 FY27 rose 14.5% YoY to ₹15,014 cr (vs ₹13,116 cr in Q1 FY26); individual housing loan disbursements grew 8% to ₹12,119 cr.^[1]
NIM was 2.58% in Q1 FY27, down from 2.68% in Q1 FY26; spread narrowed to 1.84% from 2.10% YoY as yield on advances fell to 9.12% from 9.60%.^[1]
Weighted average cost of funds was 7.28% in Q1 FY27, down from 7.50% in Q1 FY26; incremental cost of funds in Q1 FY27 was 7.06%.^[1]
Capital adequacy ratio stood at 25.48% as of March 2026, up from 23.20% as of March 2025.^[1]
Average loan ticket size ranges between ₹29 lakh and ₹30 lakh as of FY25.^[2]

Asset quality

Stage 3 EAD (GNPA equivalent) improved to 2.14% as of June 2026 from 2.62% a year earlier; total ECL provisions fell to ₹4,398 cr from ₹5,051 cr.^[1]
Stage 3 provision coverage ratio (PCR) was 48% in Q1 FY27, down from 51% in June 2025.^[1]
Credit cost for full-year FY26 was 18 bps; Q4 FY26 credit cost was 2 bps.^[3]

Customers

The company has approximately 30 lakh customers as of FY25.^[2]
As of FY25, loan assets per employee stood at ₹121.06 crore and net profit per employee at ₹2.14 crore, with a total staff of 2,542.^[2]

Expansion and new initiatives

Co-lending and direct assignment policies were finalised in Q4 FY26 - the first-ever foray into these channels after 36+ years of purely organic origination - with deployment planned for FY27.^[3]
A straight-through processing system for automated underwriting was launched in February 2026, aimed at reducing manual intervention and improving loan turnaround times.^[3]
Business aggregators (Andromeda and others) are being engaged as a new distribution channel, targeting ₹4,000 - 5,000 cr disbursements in the first year.^[3]
A new in-house credit rating model for construction finance, removing the prior BBB-floor restriction, was developed and expected to be deployed from around June 2026, widening the developer pool.^[3]
LICHFL Real Estate Debt Opportunities Fund - I is registered with SEBI under AIF Category II with a target corpus of ₹3,000 crore focused on housing.^[2]

Recent developments

Project finance disbursements surged 459% YoY to ₹872 cr in Q1 FY27 from ₹156 cr in Q1 FY26, marking an aggressive restart of the construction finance vertical.^[1]
A new MD/CEO, Sandeep Kumar, was scheduled to take over from Tribhuwan Adhikari on 31 August 2026.^[3]
A large corporate NPA resolution finalized in May 2025 was expected to flow through books in May 2026 after the one-year curing period, reducing NPA and provisioning levels.^[3]
A Board-mandated organisational review engaging Big Four and IIM consultants was underway as of Q3 FY26, covering structure, compensation, technology, and distribution.^[5]

Market Cap

₹27,063 Cr

High / Low

₹598 / 459

Stock P/E

4.7

Price / Book

0.7

Book Value

₹753

EPS

₹101.9

No. of Shares

55.01 Cr

ROE

14.4%

Debt / Equity

6.69

Sales

₹28,837 Cr

Net Profit

₹5,604 Cr

Promoter holding

45.2%

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LIC Housing Finance Ltd(LICHSGFIN)

About

Loan book mix

Products and services

Distribution and reach

Key operating metrics

Asset quality

Customers

Expansion and new initiatives

Recent developments

Signal history

The analysis Screener can't give you

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