GIC Housing Finance Limited (GICHSGFIN) - Net Assets
Based on the latest financial reports, GIC Housing Finance Limited (GICHSGFIN) has net assets worth Rs21.06 Billion INR (≈ $227.80 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs112.99 Billion ≈ $1.22 Billion USD) and total liabilities (Rs91.93 Billion ≈ $994.14 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check tangible net worth ratio of GIC Housing Finance Limited to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs21.06 Billion |
| % of Total Assets | 18.64% |
| Annual Growth Rate | 14.23% |
| 5-Year Change | 39.43% |
| 10-Year Change | 123.0% |
| Growth Volatility | 19.12 |
GIC Housing Finance Limited - Net Assets Trend (2006–2026)
This chart illustrates how GIC Housing Finance Limited's net assets have evolved over time, based on quarterly financial data. See GIC Housing Finance Limited defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for GIC Housing Finance Limited (2006–2026)
The table below shows the annual net assets of GIC Housing Finance Limited from 2006 to 2026. For live valuation and market cap data, see GICHSGFIN stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs21.06 Billion ≈ $227.80 Million |
+7.20% |
| 2025-03-31 | Rs19.65 Billion ≈ $212.49 Million |
+7.44% |
| 2024-03-31 | Rs18.29 Billion ≈ $197.78 Million |
+7.62% |
| 2023-03-31 | Rs16.99 Billion ≈ $183.77 Million |
+12.48% |
| 2022-03-31 | Rs15.11 Billion ≈ $163.38 Million |
+11.26% |
| 2021-03-31 | Rs13.58 Billion ≈ $146.84 Million |
+7.50% |
| 2020-03-31 | Rs12.63 Billion ≈ $136.60 Million |
+0.72% |
| 2019-03-31 | Rs12.54 Billion ≈ $135.62 Million |
+26.64% |
| 2018-03-31 | Rs9.90 Billion ≈ $107.09 Million |
+4.83% |
| 2017-03-31 | Rs9.45 Billion ≈ $102.15 Million |
+29.08% |
| 2016-03-31 | Rs7.32 Billion ≈ $79.14 Million |
+10.82% |
| 2015-03-31 | Rs6.60 Billion ≈ $71.42 Million |
+8.17% |
| 2014-03-31 | Rs6.10 Billion ≈ $66.02 Million |
+10.85% |
| 2013-03-31 | Rs5.51 Billion ≈ $59.56 Million |
+10.77% |
| 2012-03-31 | Rs4.97 Billion ≈ $53.77 Million |
+6.62% |
| 2011-03-31 | Rs4.66 Billion ≈ $50.43 Million |
+20.50% |
| 2010-03-31 | Rs3.87 Billion ≈ $41.85 Million |
+11.16% |
| 2009-03-31 | Rs3.48 Billion ≈ $37.65 Million |
+10.06% |
| 2008-03-31 | Rs3.16 Billion ≈ $34.21 Million |
+10.94% |
| 2007-03-31 | Rs2.85 Billion ≈ $30.84 Million |
+93.52% |
| 2006-03-31 | Rs1.47 Billion ≈ $15.93 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to GIC Housing Finance Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs538.80 Million | 2.56% |
| Other Components | Rs20.53 Billion | 97.44% |
| Total Equity | Rs21.06 Billion | 100.00% |
GIC Housing Finance Limited Competitors by Market Cap
The table below lists competitors of GIC Housing Finance Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mitake Information
TWO:8284
|
$94.61 Million |
|
Rich Honour International Designs Co Ltd
TW:6754
|
$94.61 Million |
|
LET co. Ltd
KQ:297890
|
$94.62 Million |
|
Solesence, Inc. Common Stock
NASDAQ:SLSN
|
$94.65 Million |
|
ANDRADA MINING LTD.
F:9IA
|
$94.55 Million |
|
AAC Clyde Space AB (publ)
ST:AAC
|
$94.54 Million |
|
S&D Co. Ltd.
KQ:260970
|
$94.49 Million |
|
MetaTech AP
TWO:3224
|
$94.40 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GIC Housing Finance Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 19,648,400,000 to 21,064,000,000, a change of 1,415,600,000 (7.2%).
- Net income of 1,548,200,000 contributed positively to equity growth.
- Dividend payments of 242,300,000 reduced retained earnings.
- Other comprehensive income decreased equity by 17,661,000,000.
- Other factors increased equity by 17,770,700,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs1.55 Billion | +7.35% |
| Dividends Paid | Rs242.30 Million | -1.15% |
| Other Comprehensive Income | Rs-17.66 Billion | -83.84% |
| Other Changes | Rs17.77 Billion | +84.37% |
| Total Change | Rs- | 7.20% |
Book Value vs Market Value Analysis
This analysis compares GIC Housing Finance Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.42x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 5.55x to 0.42x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | Rs29.27 | Rs162.38 | x |
| 2007-03-31 | Rs56.64 | Rs162.38 | x |
| 2008-03-31 | Rs58.74 | Rs162.38 | x |
| 2009-03-31 | Rs64.65 | Rs162.38 | x |
| 2010-03-31 | Rs71.86 | Rs162.38 | x |
| 2011-03-31 | Rs86.52 | Rs162.38 | x |
| 2012-03-31 | Rs92.24 | Rs162.38 | x |
| 2013-03-31 | Rs102.18 | Rs162.38 | x |
| 2014-03-31 | Rs113.36 | Rs162.38 | x |
| 2015-03-31 | Rs122.63 | Rs162.38 | x |
| 2016-03-31 | Rs135.89 | Rs162.38 | x |
| 2017-03-31 | Rs175.41 | Rs162.38 | x |
| 2018-03-31 | Rs183.88 | Rs162.38 | x |
| 2019-03-31 | Rs232.86 | Rs162.38 | x |
| 2020-03-31 | Rs234.55 | Rs162.38 | x |
| 2021-03-31 | Rs252.14 | Rs162.38 | x |
| 2022-03-31 | Rs280.54 | Rs162.38 | x |
| 2023-03-31 | Rs315.56 | Rs162.38 | x |
| 2024-03-31 | Rs339.61 | Rs162.38 | x |
| 2025-03-31 | Rs364.87 | Rs162.38 | x |
| 2026-03-31 | Rs391.16 | Rs162.38 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GIC Housing Finance Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.35%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.31%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 5.36x
- Recent ROE (7.35%) is below the historical average (14.34%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 22.46% | 21.10% | 0.09x | 12.06x | Rs183.61 Million |
| 2007 | 17.56% | 66.30% | 0.04x | 7.38x | Rs215.60 Million |
| 2008 | 17.83% | 60.64% | 0.04x | 7.93x | Rs247.64 Million |
| 2009 | 16.41% | 59.87% | 0.03x | 8.40x | Rs223.27 Million |
| 2010 | 17.34% | 59.85% | 0.04x | 7.89x | Rs283.95 Million |
| 2011 | 24.40% | 65.08% | 0.05x | 7.99x | Rs671.28 Million |
| 2012 | 11.87% | 13.54% | 0.10x | 8.61x | Rs93.20 Million |
| 2013 | 15.44% | 16.03% | 0.11x | 8.63x | Rs299.57 Million |
| 2014 | 15.98% | 15.64% | 0.11x | 9.04x | Rs365.02 Million |
| 2015 | 15.59% | 14.09% | 0.11x | 10.18x | Rs369.23 Million |
| 2016 | 17.01% | 14.24% | 0.11x | 10.96x | Rs513.20 Million |
| 2017 | 15.64% | 14.77% | 0.11x | 9.76x | Rs532.72 Million |
| 2018 | 20.77% | 18.56% | 0.10x | 11.47x | Rs1.07 Billion |
| 2019 | 13.70% | 14.03% | 0.09x | 10.34x | Rs464.10 Million |
| 2020 | 3.61% | 3.66% | 0.10x | 10.37x | Rs-806.99 Million |
| 2021 | 7.77% | 8.66% | 0.10x | 9.31x | Rs-302.12 Million |
| 2022 | 11.48% | 15.25% | 0.10x | 7.90x | Rs224.34 Million |
| 2023 | 12.55% | 19.65% | 0.10x | 6.43x | Rs433.20 Million |
| 2024 | 8.28% | 14.67% | 0.10x | 5.73x | Rs-315.33 Million |
| 2025 | 8.16% | 15.47% | 0.10x | 5.48x | Rs-360.64 Million |
| 2026 | 7.35% | 14.31% | 0.10x | 5.36x | Rs-558.20 Million |
Industry Comparison
This section compares GIC Housing Finance Limited's net assets metrics with peer companies in the Mortgage Finance industry.
Industry Context
- Industry: Mortgage Finance
- Average net assets among peers: $39,907,210,247
- Average return on equity (ROE) among peers: 11.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GIC Housing Finance Limited (GICHSGFIN) | Rs21.06 Billion | 22.46% | 4.36x | $94.57 Million |
| Aadhar Housing Finance Ltd (AADHARHFC) | $31.47 Billion | 14.14% | 3.57x | $2.28 Billion |
| Aavas Financiers Limited (AAVAS) | $43.61 Billion | 13.17% | 3.27x | $1.26 Billion |
| Aptus Value Housing Finance India Limited (APTUS) | $29.16 Billion | 12.69% | 0.95x | $1.48 Billion |
| Bajaj Housing Finance (BAJAJHFL) | $105.03 Billion | 11.98% | 5.16x | $7.73 Billion |
| Home First Finance Company India Limited (HOMEFIRST) | $18.17 Billion | 12.56% | 2.71x | $1.29 Billion |
| INDIA SHELTER FINANCE CORPORATION LIMITED (INDIASHLTR) | $8.00 Billion | 3.80% | 0.67x | $902.66 Million |
| PNB Housing Finance Limited (PNBHOUSING) | $89.23 Billion | 10.42% | 7.00x | $2.83 Billion |
| Repco Home Finance Limited (REPCOHOME) | $29.85 Billion | 13.84% | 3.62x | $264.54 Million |
| Reliance Home Finance Limited (RHFL) | $4.64 Billion | 9.35% | 7.07x | $11.59 Million |
About GIC Housing Finance Limited
GIC Housing Finance Limited provides housing finance services in India. The company grants housing loans to individuals, cooperative societies, association of persons, companies, and corporations for purchase of plots, houses, flats, apartments and construction, repair, renovation, upgradation of houses, and flats or apartments for residential purpose. It also provides home loans comprising indiv… Read more