GIC Housing Finance Limited (GICHSGFIN) AI Stock Analysis

• Market Cap: ₹7.71B
• Dividend Yield: 2.54%
• Average Volume (3M): 4.30K
• Price to Earnings (P/E): 5.3
• Beta (1Y): 1.27
• Revenue Growth: 1.07%
• EPS Growth: -13.63%
• Country: IN
• Employees: 335
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Mortgages
• EPS (TTM): 8.11
• Shares Outstanding: 53,851,063
• 10 Day Avg. Volume: 7,483
• 30 Day Avg. Volume: 4,298
• PEG Ratio: 0.96
• Price to Book (P/B): 0.47
• Price to Sales (P/S): 0.88
• P/FCF Ratio: -48.59
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 65 Neutral
• Price Target: ₹154.00 ▼(-13.39% Downside)
• Action: Reiterated Date: 10/28/25
• Date: Action: Reiterated 10/28/25

The overall stock score of 65 reflects a balance of strong valuation metrics and technical indicators, offset by financial performance concerns. The low P/E ratio and attractive dividend yield are significant positives, while high leverage and negative cash flows present risks. Technical analysis suggests a neutral to slightly bearish outlook.

Positive Factors

Revenue Growth

Sustained 41.8% revenue growth indicates expanding origination or lending activity in the mortgage niche, which supports scaling of the business model, broader customer reach, and increased fee/interest income. Over 2-6 months this underpins capacity to invest in operations and improves prospects for durable earnings expansion if maintained.

High Gross Margin

An exceptionally high gross margin (98.58%) implies the company retains most revenue after direct costs, giving it structural pricing or cost advantages. This cushion supports absorption of credit losses or funding cost shocks and enhances long-term resilience of core lending economics in mortgage finance.

Operational Efficiency

Healthy EBIT/EBITDA margins reflect efficient cost structure and scalable operations, so revenue growth translates into durable operating earnings. Over a multi-month horizon, this enhances free cash generation potential (if cash flows improve) and the ability to reinvest in origination, technology, or risk management.

Negative Factors

High Leverage

A debt-to-equity ratio of 4.45 denotes heavy reliance on borrowed funds, increasing refinancing and interest-rate vulnerability. Structurally, high leverage limits financial flexibility, raises fixed costs, and amplifies downturn risk for a mortgage lender, constraining ability to weather credit stress over the next several months.

Negative Cash Flows

Negative operating and free cash flows signal the business is not converting earnings into cash, creating liquidity strain and reliance on external financing to fund operations and growth. Over 2-6 months this hampers debt servicing, reinvestment capacity, and increases refinancing risk for a highly leveraged mortgage financier.

Earnings Decline

A near-24% decline in EPS points to weakening bottom-line momentum despite revenue gains, suggesting margin pressure, rising costs, or non-operating hits. Persisting EPS deterioration reduces retained earnings, limits capital accumulation, and undermines the firm's ability to build buffers against credit or funding shocks in the medium term.

GIC Housing Finance Limited Business Overview & Revenue Model

Company Description

GIC Housing Finance Limited provides housing finance services in India. It grants housing loans to individuals, as well as to persons/entities engaged in construction of houses/flats for residential purposes. As of March 31, 2021, it had 75 offices. The company was formerly known as GIC Grih Vitta Limited and changed its name to GIC Housing Finance Limited in November 1993. GIC Housing Finance Limited was incorporated in 1989 and is based in Mumbai, India.

How the Company Makes Money

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GIC Housing Finance Limited Financial Statement Overview

Summary

GIC Housing Finance Limited exhibits strong revenue growth and operational efficiency, but faces significant risks due to high leverage and negative cash flows. The company needs to address its debt levels and improve cash flow management to enhance financial stability.

Income Statement

GIC Housing Finance Limited shows strong revenue growth with a 41.8% increase in the latest year, indicating robust business expansion. The gross profit margin is exceptionally high at 98.58%, reflecting efficient cost management. However, the net profit margin is moderate at 15.19%, suggesting room for improvement in profitability. The EBIT and EBITDA margins are healthy, indicating good operational efficiency.

Balance Sheet

The company has a high debt-to-equity ratio of 4.45, which indicates significant leverage and potential financial risk. Return on equity is moderate at 8.16%, showing reasonable profitability relative to equity. The equity ratio is low, suggesting a reliance on debt financing, which could pose risks in volatile markets.

Cash Flow

Cash flow performance is concerning, with negative operating and free cash flows in the latest year, indicating potential liquidity issues. The free cash flow to net income ratio is above 1, suggesting that cash flow generation relative to net income is strong, but the negative cash flows overshadow this strength.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	10.52B	10.37B	10.31B	10.85B	11.38B	12.20B
Gross Profit	3.10B	2.81B	2.74B	3.40B	4.03B	3.67B
EBITDA	2.23B	2.23B	2.21B	3.01B	2.40B	1.40B
Net Income	1.42B	1.60B	1.51B	2.13B	1.74B	1.06B
Balance Sheet
Total Assets	110.82B	107.75B	104.71B	109.20B	119.29B	126.41B
Cash, Cash Equivalents and Short-Term Investments	1.68B	588.20M	1.24B	2.45B	4.81B	906.30M
Total Debt	90.22B	87.51B	85.84B	91.68B	103.65B	112.26B
Total Liabilities	90.84B	88.11B	86.42B	92.21B	104.18B	112.83B
Stockholders Equity	19.98B	19.65B	18.29B	16.99B	15.11B	13.58B
Cash Flow
Free Cash Flow	-1.01B	-188.70M	5.18B	10.37B	12.81B	5.32B
Operating Cash Flow	-1.00B	-175.30M	5.22B	10.43B	12.86B	5.48B
Investing Cash Flow	-357.80M	-870.20M	635.00M	-2.13B	-39.50M	-138.40M
Financing Cash Flow	2.46B	1.22B	-6.19B	-12.38B	-8.92B	-5.58B

GIC Housing Finance Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 177.80
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GICHSGFIN, the sentiment is Negative. The current price of 177.8 is above the 20-day moving average (MA) of 149.98, above the 50-day MA of 159.10, and above the 200-day MA of 173.61, indicating a bearish trend. The MACD of -4.74 indicates Positive momentum. The RSI at 35.16 is Neutral, neither overbought nor oversold. The STOCH value of 53.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GICHSGFIN.

GIC Housing Finance Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CANFINHOME	73 Outperform	₹109.67B	11.69	―	1.37%	8.92%	12.32%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
GICHSGFIN	65 Neutral	₹7.71B	5.34	―	2.54%	1.07%	-13.63%
AADHARHFC	64 Neutral	₹200.06B	18.67	―	―	―	―
REPCOHOME	62 Neutral	₹22.14B	5.62	―	1.61%	8.10%	2.97%
BAJAJHFL	56 Neutral	₹680.92B	29.54	―	―	―	―
LICHSGFIN	55 Neutral	₹265.79B	5.31	―	1.87%	4.79%	13.08%

GIC Housing Finance Limited Corporate Events

GIC Housing Finance to Raise ₹150 Crore via Secured NCDs Series 11

GIC Housing Finance has issued a Key Information Document for its 2025-26 Series 11 secured, listed, rated, taxable non-convertible debentures to be placed privately, in line with disclosure norms under SEBI’s Listing Regulations. The issue comprises 15,000 NCDs of ₹1,00,000 each, aggregating ₹150 crore with a 470-day tenure, a 7.59% annual coupon, listing proposed on BSE, and first-ranking exclusive security over hypothecated assets, clarifying terms for investors including an additional 2% interest in case of payment default.

The debentures will be deemed allotted on February 25, 2026, with coupon payments scheduled for June 10, 2026 and June 10, 2027, and principal repayment on June 10, 2027, providing short-term funding to the company. By detailing the structure, security, and repayment terms through the KID and additional SEBI-mandated disclosures, GIC Housing Finance aims to enhance transparency for bondholders and efficiently tap the debt market without a greenshoe option, potentially strengthening its funding profile and reinforcing investor confidence in its fixed-income instruments.