Is LIC Housing the Dark Horse of India’s Mortgage Market?
A Deep Dive into LIC Housing’s Turnaround & Competitive Moat
With a loan book nearing ₹3 lakh crore, over 3 million customers, and a legacy closely tied to the LIC, LICHFL offers a case study in scale, structure, and strategic recalibration.
This report explores LICHFL’s position through a detailed 8-part framework covering:
Its business model, retail loan book composition, and regional/customer mix
Growth performance across AUM, margins, and return ratios—benchmarked against peers
Trends in asset quality, provisioning, and collection efficiency post-COVID
A look at the capital structure, funding sources, and ALM management.
LICHFL’s competitive positioning among pure-play HFCs like Can Fin, Aavas, and PNB Housing
The potential impact of interest rate easing in 2025 on margins and loan demand
Current and historical valuations, including ROE-based fair value modeling
A risk map and scenario analysis covering growth, credit quality, and funding sensitivity
Remember, of course, that none of this is a stock recommendation. Instead, it provides a structured lens through which we can understand the company’s trajectory, peer context, and operational contours within India’s evolving housing finance landscape.