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LICHSGFIN Consensus Forecast

No. of reports in last year
10
No. of analysts
6
Average Consensus Forecast
477.7
Consensus Potential
38.73%

LICHSGFIN Price Target Potential

BrokerageTargetPotential
Geojit Financial Services32312.40%
Prabhudas Lilladher40429.96%
Sharekhan40029.26%
Nirmal Bang51845.38%
Motilal Oswal58051.22%

LICHSGFIN Targets in FrontPage Forums

2 Users have submitted 2 trade ideas of Rs. 218,803.5 for LICHSGFIN
100% Bullish
0% Bearish
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LICHSGFIN Ratings

Long term LICHSGFIN rating by FrontPage users
4.3/5 (7 Ratings)

10 LICHSGFIN share price target reports by brokerages below. See what is analyst's view on LICHSGFIN share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
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LICHSGFIN Share Price Target

LICHSGFIN Share Price Target - Broker Reports - 2020

23-Apr-20
Price @ Call: 278.58
Target: 323
BUY
Credit concerns rise; Valuations at record low LIC Housing Finance (LICHF) is one of the largest housing finance companies in India. It provides long-term finance to individuals, professionals and builders of residential flats and houses. The company has a wide distribution network of 284 marketing offices. No sooner after having recovered from the liquidity crunch brought about by IL&FS crisis, NBFCs are again witnessing challenging economic climate amid lockdown. Slowdown in real estate and auto sales would impact the lending activity, further putting a pressure on margins. LICHF, despite being well placed among its peers, is nevertheless susceptible to the ongoing crisis in the short-term. We expect temporary decline in asset quality over the next few months as the credit losses pile up. Given attractive valuation, we maintain our BUY rating with a revised price target of Rs. 323 based on revised multiple of 0.7x FY22E BVPS.
... Read more
7-Feb-20
Price @ Call: 439.93
Target: 542
BUY
31-Jan-20
Price @ Call: 440.15
Target: 404
SELL

LICHSGFIN Share Price Target - Broker Reports - 2019

12-Nov-19
Price @ Call: 441.01
Target: 495
ACCUMULATE
24-Oct-19
Price @ Call: 371.31
Target: 400
HOLD
LICHF currently trades at 1.3x valuations which seem to be reasonable considering the fact that LICHF its strong distribution network and comfortable liquidity situation. However, soft scenario in the builder loan segment and deterioration in the asset quality warrants caution. Performance pertaining to recoveries in retail and developer book, loan growth momentum in next few quarters would be key to watch. We thus maintain Hold rating on the stock with PT of Rs400.
... Read more
22-Oct-19
Price @ Call: 377.74
Target: 518
BUY
We have retained our NII and PPOP estimates and revised our PAT estimates by -7.7%/-6.3%/-5.1% for FY20/FY21/FY22, respectively. We have retained Buy rating on LICHF, valuing the stock at 1.1x H1FY22E P/BV and revising our target price to Rs518 (from Rs528 earlier).
... Read more
23-Oct-19
Price @ Call: 373.1
Target: 409
ACCUMULATE
With competition intensifying and asset re-pricing behind, we foreseepressures on both core growth and margins alike. While LICHF’s ability toraise funds remain strong, negative ALM mismatch on shorter buckets, higher gearing, coupled with increasing share of non-core book would only imply higher capital requirement ahead. Therefore, we built-in NIM pressures (2.2-2.3%), higher credit costs (avg 41bps) and overall loans restricting to ~16% growth over FY20-22E. While this will impede return profile, RoEs will be confined to 16% over next 3 years. Against this backdrop and as we rollover multiple to Sep’21 estimates, we arrive at price target of Rs 409 (earlier Rs417) valuing the stock at 1.1x PABV. Reiterate ACCUMUALTE.
... Read more
5-Aug-19
Price @ Call: 494.94
Target: 580
BUY
Asset quality pressures in wholesale book; cut estimates by 4-5%
While the company’s operating performance has been steady, the continued increase in the GNPL ratio is concerning. Individual GNPL ratio has increased from 40bp to 125bp over the past two years. Corporate GNPL ratio, too, has been elevated at 10%+. Hence, we cut our FY20/21 EPS estimates by 4-5% to account for elevated credit costs. Buy with a target price of INR580 (1.4x FY21E BVPS).
... Read more
8-Aug-19
Price @ Call: 486.44
Target: 556
BUY
LICHF is expected to post a reasonably strong loan book growth (CAGR of 8% over FY19-21E) despite a high base owing to its well established branch network. Also, with 93% of the book at floating rates the company's NIMs are expected to remain in the range of 2.3 to 2.5% thereby painting a positive outlook for the company. The stock is currently trading at P/ABV of 1.5X, P/E of 8.3X FY21E. We rate the stock a BUY and arrive at a target price of INR 556 assigning a P/ABV of 1.7X on FY21E.Risks: Yield correction due to competition; asset quality risks due to increase of share in LAP & developer segment (which could also eat out larger chunk of capital- RWA).
... Read more
6-Aug-19
Price @ Call: 494.94
Target: 550
ACCUMULATE
Consolidation in smaller HFCs, steady floating rate loans and consistent non- individual loan traction (project loans grew 60%+ YoY) augmented businessmomentum for company. However, going ahead, banks’ competitive rates, continued developer book concerns should restrict NIMs to 2.3-2.4% and keep asset quality in check (1.6%-1.75%) over FY20-21E. These should pressurize RoAs, expect 1.2% over FY20-21E. Against this backdrop, we trim our multiple to 1.6x at Mar’21 PBV (earlier 1.7x) arriving at price target of Rs 550, maintain ACCUMULATE.
... Read more
7-May-19
Price @ Call: 478.23
Target: 540
HOLD
Valuation & Outlook: LICHF’s developer and LAP portfolio has been witnessing traction and core individual book has been witnessing a moderation in growth. Long awaited margin uptick is seen but with a pinch of salt as developer portfolio rises. Given the liquidity pressure faced by other HFCs, LICHF is poised to gain market share. The recent hike in lending rates and gradual up-tick in market share are expected to provide a cushion to margins in spite of cost of funds rising. Accordingly, we expect PAT CAGR of 13.5% in FY19-21E to | 3129 crore. We revise our target price higher to | 540 (earlier | 475) valuing the stock at 1.4x FY21E ABV. We maintain HOLD recommendation.
... Read more
6-May-19
Price @ Call: 485.1
Target: 597
ACCUMULATE
While consolidation in smaller HFCs, increased floating rate loans and consistent non-individual loan traction augmented business momentum for company in Q4, banks’ competitive rates, continued developer book concerns should restrict NIMs (2.4-2.45% FY20-21E) and keep asset quality in check (1.5% FY21E) and therefore there exists limited levers to RoA (expect 1.2% over FY21E). With downside risk to return ratios, reiterate Accumulate for a price target of Rs 597 (unchanged) as we value the company at 1.7x at Mar’21 PBV
... Read more
15-Mar-19
Price @ Call: 511.95
Target: 600
BUY
Over the past two years, the valuation of LICHF has corrected from 2.5x PB (1-year forward) to 1.4x currently. We believe the street is factoring in sustained spread compression over the medium-to-long term. With its strong parentage and AAA- credit rating since 2002, LICHF is better placed than peers. In addition, there are initial signs of softening balance transfer pressure. Key risks to our earnings stem from asset quality pressure and negative surprises from Ind-AS accounting (despite it being three quarters, some numbers are still volatile). Valuation at 1.4x FY20E P/B is attractive and risk-reward is favorable, in our view. We expect re-rating driven by stable earnings growth over the next 4-8 quarters. Maintain BUY with a TP of INR600 (1.5x Dec 2020E BVPS).
... Read more
4-Feb-19
Price @ Call: 459.8
Target: 537
ACCUMULATE
2-Feb-19
Price @ Call: 464.93
Target: 527
BUY
1-Feb-19
Price @ Call: 464.93
Target: 475
HOLD
1-Feb-19
Price @ Call: 449.5
Target: 550
BUY

LICHSGFIN Share Price Target - Broker Reports - 2018

27-Nov-18
Price @ Call: 457
Target: 550
BUY
31-Oct-18
Price @ Call: 403.22
Target: 515
BUY
31-Oct-18
Price @ Call: 403.22
Target: 450
HOLD
30-Oct-18
Price @ Call: 417.1
Target: 537
ACCUMULATE
12-Oct-18
Price @ Call: 429.06
Target: 550
BUY
31-Aug-18
Price @ Call: 524.09
Target: 545
HOLD
29-Aug-18
Price @ Call: 523.6
Target: 640
BUY
29-Aug-18
Price @ Call: 523.6
Target: 627
BUY
29-Aug-18
Price @ Call: 523.6
Target: 560
HOLD
27-Aug-18
Price @ Call: 571.5
Target: 600
HOLD
27-Aug-18
Price @ Call: 571.5
Target: 637
ACCUMULATE
27-Aug-18
Price @ Call: 571.5
Target: 600
NEUTRAL
27-Aug-18
Price @ Call: 571.5
Target: 787
BUY
3-Jul-18
Price @ Call: 468.5
Target: 514
BUY
26-Apr-18
Price @ Call: 550.01
Target: 636
BUY
26-Apr-18
Price @ Call: 547.16
Target: 640
BUY
24-Apr-18
Price @ Call: 544.55
Target: 600
HOLD
26-Apr-18
Price @ Call: 547.45
Target: 610
NEUTRAL
24-Apr-18
Price @ Call: 550.2
Target: 649
ACCUMULATE
31-Jan-18
Price @ Call: 538.55
Target: 655
BUY
25-Jan-18
Price @ Call: 563.5
Target: 608
NEUTRAL
26-Jan-18
Price @ Call: 563.5
Target: 667
ACCUMULATE

LICHSGFIN Share Price Target - Broker Reports - 2017

23-Nov-17
Price @ Call: 598.35
Target: 682
BUY
7-Nov-17
Price @ Call: 606
Target: 740
BUY
1-Nov-17
Price @ Call: 599.05
Target: 774
BUY
1-Nov-17
Price @ Call: 599.45
Target: 680
NEUTRAL
3-Sep-17
Price @ Call: 680.8
Target: 825
BUY
1-Aug-17
Price @ Call: 692
Target: 706
NEUTRAL
3-Jul-17
Price @ Call: 745
Target: 855
BUY
23-Jun-17
Price @ Call: 769.7
Target: 855
BUY
9-Jun-17
Price @ Call: 743
Target: 882
ACCUMULATE
4-May-17
Price @ Call: 713.08
Target: 790
BUY
26-Apr-17
Price @ Call: 670
Target: 750
BUY
26-Apr-17
Price @ Call: 676
Target: 723
NEUTRAL
27-Apr-17
Price @ Call: 676
Target: 600
SELL
25-Apr-17
Price @ Call: 674
Target: 784
BUY
24-Jan-17
Price @ Call: 526.31
Target: 670
BUY
17-Jan-17
Price @ Call: 532
Target: 645
BUY
17-Jan-17
Price @ Call: 532
Target: 665
BUY
17-Jan-17
Price @ Call: 532
Target: 630
BUY
17-Jan-17
Price @ Call: 541
Target: 590
HOLD

LICHSGFIN Share Price Target - Broker Reports - 2016

21-Apr-16
Price @ Call: 485
Target: 600
BUY
8-Dec-16
Price @ Call: 553
Target: 671
BUY
22-Nov-16
Price @ Call: 516
Target: 575
BUY
4-Nov-16
Price @ Call: 533
Target: 630
BUY
24-Oct-16
Price @ Call: 605.94
Target: 735
BUY
21-Oct-16
Price @ Call: 600
Target: 630
ACCUMULATE
24-Oct-16
Price @ Call: 599.65
Target: 625
HOLD
20-Oct-16
Price @ Call: 609
Target: 665
BUY
7-Oct-16
Price @ Call: 602
Target: 758
BUY
20-Jul-16
Price @ Call: 506.7
Target: 535
ACCUMULATE
18-Jul-16
Price @ Call: 520
Target: 550
HOLD
18-Jul-16
Price @ Call: 526.35
Target: 603
BUY
21-Jun-16
Price @ Call: 485
Target: 550
BUY
7-Jun-16
Price @ Call: 475
Target: 581
BUY
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  • LICHSGFIN Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3305.53
    Upside Target 2299.02
    Upside Target 1290.38
    Pivot283.87
    Downside Target 1275.23
    Downside Target 2268.72
    Downside Target 3260.08
  • LICHSGFIN Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3309.97
    Upside Target 2296.98
    Upside Target 1285.67
    Pivot272.68
    Downside Target 1261.37
    Downside Target 2248.38
    Downside Target 3237.07
  • LICHSGFIN Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3347.77
    Upside Target 2322.08
    Upside Target 1293.57
    Pivot267.88
    Downside Target 1239.37
    Downside Target 2213.68
    Downside Target 3185.17
  • LICHSGFIN Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3299.02
    Upside Target 2293.23
    Upside Target 1289.65
    Pivot283.87
    Downside Target 1278.08
    Downside Target 2274.5
    Downside Target 3268.72
  • LICHSGFIN Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3296.98
    Upside Target 2287.7
    Upside Target 1281.97
    Pivot272.68
    Downside Target 1263.4
    Downside Target 2257.67
    Downside Target 3248.38
  • LICHSGFIN Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3322.08
    Upside Target 2301.38
    Upside Target 1288.59
    Pivot267.88
    Downside Target 1247.18
    Downside Target 2234.39
    Downside Target 3213.68
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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