LIC Housing Finance Downgraded to Average Quality Amidst Mixed Financial Performance

LIC Housing Finance has recently undergone an adjustment in evaluation, reflecting a change in its quality grade from good to average. This revision comes amid a backdrop of various financial metrics that highlight the company's current standing in the housing finance sector.
Over the past five years, LIC Housing Finance has recorded a sales growth rate of 7.65% and an EBIT growth rate of 7.73%. The average net debt to equity ratio stands at 6.95, while institutional holding is notable at 42.32%. The company's return on equity averages 9.78%, indicating a moderate level of profitability relative to its equity base.

In terms of market performance, LIC Housing Finance has faced challenges, with a return of -9.58% over the past year, contrasting with a 5.73% return from the broader market index. The stock has also shown a decline of 1.41% over the past week and 1.01% over the past month. Despite these figures, the company maintains a significant market presence, holding a market capitalization of Rs 31,428 crore, making it the second-largest player in its sector.

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