LIC Housing Finance
LIC Housing Finance
Shareholder Return: 3-year average, Sales Growth: 3-year Compounded Annual Growth Rate, Return On Equity: 3-year Return on Equity.
At a Glance
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Shareholder Return127%
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Sales Growth17%
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Return on Equity19 %
Why Super 50
One of the country's largest housing finance companies, LIC Housing Finance—like several housing finance companies—is starting to witness an improved growth in its housing loan books, despite a property market that is still largely sluggish. Loan against property (LAP)—loans given by banks and other financial institutions against existing commercial or residential property of a borrower—has emerged as a high growth area for housing finance firms. It reported a 20 percent jump in net profit for the quarter ended March 2016.
