|Stock Name : Indiabulls Housing Finance Limited/Tips Open||Buy : 174||Posted Date : Nov 21, 2020|
|Stopless/Horizon : 165||Target : 200||Results Achieved (Yes/No) :|
Overview: Overview: Indiabulls Housing Finance limited (IBHFL)operates in NBFC sector. The company is engaged in the Housing Finance. It is a Mid Cap company with a market capital of Rs 8534.96 Crore.
About the company:Indiabulls Housing Finance limited operates as a subsidiary of Indiabulls group and contributes approximately 80% of the group’s turnover. The company was founded in the year 2005, the Headquarters is in Gurugram, India and has over 220 branches across India and 2 representative offices inDubai and Londonoffering services to NRIs.
IBHFL is engaged in the business of providing finance for construction as well as maintenance work of any apartments, houses, flats, bungalows, township etc. The company offers plot loans and loans against residential, commercial, and rental property.
IBHFL’s key Revenue Segments is Interest, it contributed 86.68 % (Rs 9881.51 Crore) of Total Salesfor the year ending 31-Mar-2020. For the same period, Dividend contributed Rs 816.82 Crore (7.16 % of Total Sales), Income from Financial Services which contributed Rs 444.75 Crore (3.90 % of Total Sales) and Fees & Commission Income contributed Rs 256.15 Crore (2.24 % of Total Sales).
IBHFL is the one of the largest HFCs in India with a total AUM of Rs 1,02,335 crore as on 31stDecember 2019.
Management: Mr Sameer Gehlautis the Group Chairman and Mr. Gagan Banga is the Vice Chairman and Managing Director of Indiabulls Housing Finance limited.
Shareholding Pattern (As on September 2020):
• Promoters: 21.67
• Foreign Institutions: 27.92
• NBFC and Mutual Funds 1: 0.33
• Others: 10.99
• General Public: 25.35
• Financial Institutions: 9.93
• GDR: 3.81
Dividend:Indiabulls Housing Finance ltd declared an equity dividend of 1550.00% amounting to Rs 31 per share for the year ending March 2020.
Sales Report:For the quarter ended on 30th September 2020, IBHFL posted a consolidated sale of Rs 2533.66 Crore, which is down by -1.59 % from previous quarter’s sales of Rs 2574.59 Crore and down -25.91 % from last year’s corresponding period’s sales of Rs 3419.54 Crore. IBHFL’s net profit after tax for the latest quarter is Rs 323.20 Crore.
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