GIC Housing Finance Ltd (GICHFL) was incorporated in December 1989 with the vision to accelerate housing activities in India. The company is registered with the National Housing Bank as a Non-Banking Financial Company (NBFC) and operates in the housing finance business, providing loans for the purchase or construction of residential units, plots, houses, flats, as well as for construction, repair, renovation, and upgrade of residential properties.
Originally promoted by General Insurance Corporation of India and its erstwhile subsidiaries including National Insurance Company Limited, The New India Assurance Company Limited, The Oriental Insurance Company Limited and United India Insurance Company Limited, GICHFL has established itself as a significant player in India's housing finance sector.
As of March 2025, GIC Housing Finance Ltd has a market capitalization of ₹1,050 crore. The company reported revenue of ₹1,079 crore and profit of ₹160 crore for the trailing twelve months. Promoter holding in GIC Housing Finance Ltd stands at 42.41% as of March 2025, indicating strong promoter confidence in the company's future prospects. The company has a wholly owned subsidiary, GICHFL Financial Services Private Limited.
On a consolidated basis, GIC Housing Finance Ltd reported a profit of ₹48.26 crore on a total income of ₹275.83 crore for the quarter ended March 2025. For the year ended 2024, the company posted a profit of ₹151.35 crore on a total income of ₹1,059.91 crore.
Net profit rose 39.44% to ₹49.71 crore in the quarter ended December 2024 compared to ₹35.65 crore in the corresponding quarter of the previous year, while sales increased 2.57% to ₹266.52 crore.
• Market Capitalization: ₹1,050 crore (as of March 2025)
• Revenue (TTM): ₹1,079 crore
• Profit (TTM): ₹160 crore
• Promoter Holding: 42.41% (as of March 2025)
• P/E ratio: 6.44
• P/B ratio: 0.53
• Return on equity: 10.0% (over the last 3 years)
• Dividend yield: 2.49%
• Dividend payout: 14.2% (of profits over the last 3 years)
• 52-week High: ₹278.60
• 52-week Low: ₹151.00
The primary business of GICHFL is granting housing loans to individuals and to persons/entities engaged in construction of houses/flats for residential purposes. The company's loan products include individual housing loans, composite loans, balance transfers, repair and renovation loans, home extension loans, affordable home loans, loans against housing property, and commercial loans.
GICHFL maintains a strong presence with 74 offices across the country for business operations, supported by a strong marketing team which is further assisted by Sales Associates (SAs). The company has strategic tie-ups with builders to provide finance to individual borrowers and also maintains tie-ups with corporates for various housing finance needs.
The company has executed an agreement with India Mortgage Guarantee Corporation (IMGC) for credit default guarantee of selective housing loan products, which strengthens its risk management capabilities. The company opened 5 satellite offices in 2022 to improve its geographical presence and expand its market reach.
In recent management changes, CFO Varsha Godbole retired as Senior Vice President but continues as CFO on a one-year contract from July 2025. CRISIL has reaffirmed GIC Housing Finance's credit ratings, with NCD amount reduced due to redemption as of July 2025, reflecting sound financial management.
The company has delivered a poor sales growth of -2.94% over the past five years, indicating challenges in the competitive housing finance market. The company also has a low interest coverage ratio, which requires attention from the management to strengthen its debt servicing capabilities.
Despite these challenges, GIC Housing Finance Ltd remains a well-established player in India's housing finance sector with a strong network presence and diversified loan product portfolio, positioning it to capitalize on India's growing housing finance needs with strategic partnerships and initiatives.
