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19 October 2019

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Indiabulls Housing Finance Ltd (Finance - Housing)

Last Price 231.20
Net Changes 33.25
Volume 71353309
Prev Close 197.95
231.20 33.25 (16.80%)
Date: Oct 18,2019 EOD




Index Details Finance - Housing


Chart

Stock Price Details

Market Statistics

Open Price 197.35 Div Yield (%) 17.27
Buy (Size) 235.20(×6451) Eps(Rs) 78.12
Sell (Size) 235.30(×215) Book Value (Stand.)(Rs) 403.65
Value 11239.754 Book Value(conso.)(Rs) 385.48
Buy Quantity 6451 Market Cap(Rs.Cr) 9898.34
Sell Quantity 215 Face Value(Rs) 2
Today's High 245.45 Market Lot 1
Today's Low 196.65 AGM Date Aug
52-Week High 919 Book Closure Date Aug
52-Week Low 165.95 ISIN No. INE148I01020

Share Holding Pattern

  No Of shares % Share Holding
Total Foreign (Promoter & Group) 0 0.00
Indian (Promoter & Group) 91994807 21.52
Total of Promoter 91994807 21.52
Non Promoter (Institution) 279217201 65.30
Non Promoter (Non-Institution) 53815376 12.59
Total Non Promoter 333032577 77.89
Total Promoter & Non Promoter 425027384 99.40
Custodians(Against Depository Receipts) 2546707 0.60
Grand Total 427574091 100.00

Company News

18-Oct-2019  Indiabulls Housing Finance to announce Quarterly Result
Indiabulls Housing Finance to announce Quarterly Result

Indiabulls Housing Finance will hold a meeting of the Board of Directors of the Company on 6 November 2019.
17-Oct-2019  Indiabulls Housing Finance gets reaffirmation in ratings from...
Indiabulls Housing Finance gets reaffirmation in ratings from CRISIL

Indiabulls Housing Finance announced that CRISIL has reaffirmed the long-term rating of the company at CRISIL AA+. Short-term rating has been reaffirmed at “CRISIL A1+”. The watch resolution of negative outlook follows the announcement of RBI not approving the merger of Indiabulls Housing Finance with Lakshmi Vilas Bank.

CRISIL noted the following in reaffirming the ratings and resolving the rating watch:

IBH continues to maintain strong liquidity with cash and cash equivalents at around 20% of total assets as on 10 October 2019. The company has aggregate liquidity of more than Rs 18,500 crore as on 10 October 2019, which provides around 100% cover over IBH's debt repayments till September 2020.

There seem to be signs of improvement in the first fortnight of October 2019 with IBH having received sanctions to raise Rs. 5,200 crore via term loans, working capital lines, commercial papers and securitization lines

17-Oct-2019  Indiabulls Housing Finance Ltd - Indiabulls Housing Finance Li...
Indiabulls Housing Finance Ltd - Indiabulls Housing Finance Limited - Updates

Indiabulls Housing Finance Limited has informed the Exchange regarding The Company has filed a Criminal Complaint with Mumbai Police which is addressed to the Cyber Police Station, Cyber Crime, CID, Bandra Kurla Complex in Mumbai. The application of FIR contains specific proofs against persons for disseminating/spreading false messages and seeks action for the commission of offences punishable under Sections 23/24/35/36/ 37/117/120b/420/499/500/501/502/506 IPC against persons involved directly/ indirectly in the crime. The Complaint states that accused persons have hatched a pre-planned criminal conspiracy with intent to cause wrongful loss to Indiabulls Housing Finance Limited, its shareholders and investors. These accused persons operate from different parts of the Country and since they are aware of the impending false, malicious messages, they create sell positions in the shares of Indiabulls, few days prior to release /publish of false & frivolous tweets, messages etc. on social media and seek unlawful gain for themselves. The police authorities are now seized of the conspiracy against the Company and in the process of going in depth of the crime to catch the authors / originators and forwarding agents of these false messages on different mediums of Social Media. The Company has already provided and is also constantly assisting the Police by providing details and names of various Twitter handles/ Whatsapp Groups and persons intentionally involved in mass forwarding of the messages with blatantly false information. .
16-Oct-2019  Indiabulls Housing Finance Ltd - Announcement under Regulation...
Indiabulls Housing Finance Ltd - Announcement under Regulation 30 (LODR)-Credit Rating

This is with reference to the communication Indiabulls Housing Finance Limited [IBH] received from the rating agency CRISIL on 16.10.2019. The rating committee of CRISIL has reaffirmed the long-term rating of IBH at CRISIL AA+. Short-term rating has been reaffirmed at CRISIL A1+. The watch resolution of negative outlook follows the announcement of RBI not approving the merger of IBH with LVB CRISIL noted the following in reaffirming the ratings and resolving the rating watch: IBH continues to maintain strong liquidity with cash and cash equivalents at around 20% of total assets as on 10.10.2019. The company has aggregate liquidity of more than Rs 18,500 crore as on 10.10.2019, which provides around 100% cover over IBHs debt repayments till September 2020. There seem to be signs of improvement in the first fortnight of October 2019 with IBH having received sanctions to raise Rs. 5,200 crore via term loans, working capital lines, commercial papers and securitization lines
15-Oct-2019  Indiabulls Housing Finance repays maturity proceeds of Masala...
Indiabulls Housing Finance repays maturity proceeds of Masala Bonds

Indiabulls Housing Finance announced that with reference to the Rs 1330 crore Masala Bonds (ISIN: XS1487891852) issued by the company in September 2016 and maturing on 15 October 2019, the company has made the repayment of the entire maturity proceeds from the prefunding done to Axis Trustee for the same.
15-Oct-2019  Indiabulls Housing Finance Ltd - Intimation Regarding Repaymen...
Indiabulls Housing Finance Ltd - Intimation Regarding Repayment Of Masala Bonds Issued By The Company

This is with reference to our intimation dated 3rd October 2019 related to the INR 1,330 Crores Masala Bonds (ISIN: XS1487891852) issued by the company in September 2016 and maturing on 15th October 2019. The Company has today made the repayment of the entire maturity proceeds from the pre-funding done to Axis Trustee for the same.
15-Oct-2019  Indiabulls Housing Finance Ltd - Indiabulls Housing Finance Li...
Indiabulls Housing Finance Ltd - Indiabulls Housing Finance Limited - Updates

Indiabulls Housing Finance Limited has informed the Exchange regarding This is with reference to our intimation dated 3rd October 2019 related to the INR 1,330 Crores Masala Bonds (ISIN: XS1487891852) issued by the company in September 2016 and maturing on 15th October 2019. The Company has today made the repayment of the entire maturity proceeds from the pre-funding done to Axis Trustee for the same..
14-Oct-2019  Indiabulls Housing tumbles after Moody's downgrade
Indiabulls Housing tumbles after Moody's downgrade

In addition, Moody's has downgraded Indiabulls' foreign and local currency senior secured MTN program ratings to (P)B2 from (P)Ba2. The outlook on all ratings, where applicable, remains negative.

The downgrade is driven by Indiabulls' ongoing challenging access to funding. Governance considerations were also a key driver of this rating action. The company's access to funding remains challenging. The continued decline in on-balance sheet loans is a reflection of its funding challenges.

The proposed merger with Lakshmi Vilas Bank would have provided a vote of confidence on governance, as it would have meant that the company passed the regulator's fit and proper criteria for becoming a bank. Hence, the rejection by the Reserve Bank of India of this proposal on 9 October is a credit negative, Moody's said in a statement.

Meanwhile, the S&P BSE Sensex was up 288 points or 0.75% to 38414.76.

On the BSE, 34.10 lakh shares were traded in the counter so far compared with average daily volumes of 43.42 lakh shares in the past two weeks. The stock hit a high of Rs 215.75 and a low of Rs 195.95 so far during the day.

The stock hit a 52-week high of Rs 976.85 on 16 Oct 2018. The stock hit a 52-week low of Rs 176.6 on 11 Oct 2019.

On a consolidated basis, Indiabulls Housing Finance's net profit fell 24% to Rs 801.53 crore on a 4.5% decline in total income to Rs 3886.12 crore in Q1 June 2019 over Q1 June 2018.

Indiabulls Housing Finance is a mortgage lender. It is India's second largest housing finance company and is regulated by the National Housing Bank.

14-Oct-2019  Indiabulls Housing Finance Ltd - Outcome of Board Meeting
Indiabulls Housing Finance Ltd - Outcome of Board Meeting

Further to our intimation dated October 09, 2019 and in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, the Board of Directors of Indiabulls Housing Finance Limited (the Company) at its meeting held on October 14, 2019 (which commenced at 7:30 p.m. and concluded at 8:35 p.m.) considered the option of buyback of shares under SEBI (Buy-Back of Securities) Regulations, 2018, as amended (hereinafter referred to as the Buyback). While deliberating on the buyback of shares the Board of Directors noted the following: The present market value of the Company is at a steep discount to its historical valuation multiples The Companys financial position is very strong and its capital levels are high: o The Companys Capital Adequacy of 27.8% as at the end of June 2019, is the highest amongst all non-bank finance companies [NBFCs] of size. For further details, refer attached PDF file.
14-Oct-2019  Indiabulls Housing Finance Ltd - Announcement under Regulation...
Indiabulls Housing Finance Ltd - Announcement under Regulation 30 (LODR)-Credit Rating

This is with reference to the communication Indiabulls Housing Finance Limited [IBH] received from the rating agency ICRA. The rating committee of ICRA has reaffirmed the long-term rating of Indiabulls Housing Finance Limited at ICRA AA+. Short-term rating has been reaffirmed at ICRA A1+. ICRA cited the following in reaffirming the ratings and resolving the rating watch: Established track in domestic mortgage finance industry as one of the three largest Housing Finance Companies Comfortable capitalization levels: Capital adequacy ratio of 27.81% against regulatory requirement of 12%, providing adequate cushion for growth The available flexibility to securitize a part of the loan portfolio, which provides the company an avenue for raising funds, in addition to shoring up Return on Equity [RoE] Strong liquidity position to cover next 12 months debt repayment For further details, refer attached PDF file.
Incorporation Year 2005 
Registered Office M-62 & 63 First Floor,Connaught Place,
New Delhi,
New Delhi-110001
Telephone 91-11-6681199 
Fax 91-11-6681240 
Chairman Sameer Gehlaut
Managing Director NA
Company Secretary Amit Jain 
Auditor S R Batliboi & Co LLP 
Face Value(Rs)
Market Lot
Listing Luxembourg,BSE,NSE 
Registrar Karvy Fintech Pvt Ltd
Karvy Selenium Tow-B,31&32 Financial Dist,Nanakramguda,Hyderabad-500032 
Toll Free number: 1800-425-5501 / 1800-103-5501
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