Dewan Housing Finance Corpn. (Delisted) share price

BSE: 511072Finance

Dewan Housing Finance Corpn. Ltd. · Face value ₹10 · Listed May 1985

Last traded ₹16.70 on 11 Jun 2021

Delisted on 29 Sep 2021. The company's shares trade as Piramal Finance (PIRAMALFIN).

Last announcements

The company's own last announcements before its shares stopped trading, routine notices left out.

  1. Sep 2021

    • 29 Sep · Voluntary Delisting

      Members of the Exchange are hereby informed that the admission to dealings in securities of Dewan Housing Finance Corporation Limited is withdrawn (delisted) Pursuant to Resolution plan Approved by Hon'ble National Company Law Tribunal (NCLT) Under Section 31 of the Insolvency and Bankruptcy Code (IBC), 2016.
  2. Aug 2021

  3. Jul 2021

Share price history

Daily closes since Sep 2015, BSE closes Jan 2007 to Jul 2007, Jul 2007 to Feb 2008, Feb 2008 to May 2008 and May 2008 to Jul 2010, adjusted for splits and bonuses. Earlier closes are left out: on 9 Sep 2015 the price changed in a way no corporate action on record explains.

Daily close, ₹ per share

Q1 results, quarter to Jun 2021

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

Income from operations
₹2,001 Cr−13.9% on a year ago · −1.7% on the quarter before
Net profit
₹314 Cr+348.6% on a year ago · +224.9% on the quarter before
Earnings per share
₹10.02+349.3% on a year ago · +225.3% on the quarter before
Net interest income
₹1,943 Cr
Profit before provisions
₹840 Cr

From interest earned to net profit, ₹ crore

  1. Interest earned1,991
  2. Interest paid−48
  3. Net interest income1,943
  4. Other income+11
  5. Operating expenses−1,114
  6. Before provisions840
  7. Set aside for bad loans−392
  8. Profit before tax448
  9. Tax−133
  10. Net profit314

Dewan Housing Finance Corpn. results by quarter

Standalone: the listed company alone, without its subsidiaries. Latest quarter to Jun 2021. Results for the quarter to Sep 2021 were due by 14 Nov 2021, 45 days after it ends. Every company's dates are on the results calendar.

Income from operations and net profit by quarter, ₹ crore

  • Income from operations
  • Net profit
  • Loss
3,516439Sep 183,251314Dec 183,108−2,223Mar 19Jun 19Sep 19Dec 192,388−7,635Mar 202,32570Jun 202,205−2,123Sep 202,207−13,095Dec 202,03597Mar 212,001314Jun 21

Net interest income and money set aside for bad loans by quarter, ₹ crore

  • Net interest income
  • Set aside for bad loans
Sep 18Dec 18755729Mar 19Jun 19Sep 19Dec 192,2618.7Mar 202,2580Jun 202,1341,449Sep 202,140421Dec 201,968153Mar 211,943392Jun 21
₹ croreSep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Q1Sep 2018Dec 2018Q3Mar 2019Jun 2019Q1Sep 2019Dec 2019Q3Mar 2020Jun 2020Q1Sep 2020Dec 2020Q3Mar 2021Jun 2021Q1
Income from operations2,1672,3662,3752,4072,6102,6322,8023,1503,5163,2513,108–––2,3882,3252,2052,2072,0352,001
Interest earned––––––––––3,104–––2,3942,3162,1902,1942,0191,991
Interest paid––––––––––2,349–––1335857535148
Net interest income––––––––––755–––2,2612,2582,1342,1401,9681,943
––––––––––8–––−11316144111
Fees and commission––––––––––0–––101111
Gains on loans sold––––––––––0–––−2000000
Other operating revenue––––––––––4–––14914121410
Income outside operations––––––––––4–––5411261
The lines under it are parts of it, not all of it.––––––––––2,940–––12,5472,1793,46719,4101,6231,114
Profit before provisions––––––––––−2,178–––−10,28893−1,317−17,256387840
Set aside for bad loans––––––––––729–––901,449421153392
Exceptional items––––––––––0–––000000
Profit before tax3523722,345381434462480638633472−2,908–––−10,29793−2,766−17,677234448
120127127120141156167203194158−684–––−2,66223−644−4,582137133
Net profit2332452,218260293306312435439314−2,223–––−7,63570−2,123−13,09597314
Other comprehensive income–––––––3729−27−20–––14900000
Total comprehensive income–––––––472468287−2,243–––−7,48670−2,123−13,09697314
Earnings per share₹7.97₹8.19₹73.32₹8.31₹9.36₹9.76₹9.96₹13.87₹13.98₹10.00––––−₹243.29₹2.23−₹67.63−₹417.28₹3.08₹10.02
Diluted earnings per share₹7.95₹8.17₹73.07₹8.28₹9.30₹9.68₹9.89₹13.81₹13.92₹9.98––––−₹243.29₹2.23−₹67.63−₹417.28₹3.08₹10.02
Earnings per share in rupees, restated for later splits and bonuses. No results on record for the quarters to Jun 2019, Sep 2019 and Dec 2019. A lender's lines are blank for the quarters to Sep 2016, Dec 2016, Mar 2017, Jun 2017, Sep 2017, Dec 2017, Mar 2018, Jun 2018, Sep 2018 and Dec 2018: the company's filing for those results has none of them.

The quarters either side of a change of basis do not compare. From the quarter to Mar 2019, the company's revenue for the year to Mar 2019, ₹12,884 Cr, differs from its quarters added, ₹13,024 Cr.

10 years at a glance

Standalone, laid out as a lender that is not a bank files them. A lender's lines are blank for the years to Mar 2012, Mar 2013, Mar 2014, Mar 2015, Mar 2016, Mar 2017 and Mar 2018: the company's filing for those results has none of them.

Net interest income, Net profit, ₹ crore

  • Net interest income
  • Net profit
  • Loss
306Mar 12452Mar 13529Mar 14621Mar 15729Mar 162,896Mar 171,172Mar 182,915−1,036Mar 193,507−13,612Mar 208,501−15,051Mar 21

Net interest margin, Return on assets, per cent

  • Net interest margin
  • Return on assets
14.5%−19.3%4.1%14.5%−14.2%−19.3%Mar 12Mar 14Mar 16Mar 18Mar 20Mar 21

Income

₹ crore, years to March.

₹ croreMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Total income–––––––12,9039,3438,803
Interest earned–––––––12,3089,2328,719
Interest paid–––––––9,3935,725218
Net interest income–––––––2,9153,5078,501
–––––––59511184
Fees and commission–––––––27533
Gains on loans sold–––––––206240
Dividends–––––––1200
Other operating revenue–––––––826348
Income outside operations–––––––192132
The lines under it are parts of it, not all of it.–––––––3,59015,62526,457
Profit before provisions–––––––−80−12,007−17,872
Set aside for bad loans–––––––1,0856,2412,245
Exceptional items–––––––000
Profit before tax3986117359431,1023,3721,757−1,165−18,248−20,117
92159206322373475584−129−4,636−5,066
Net profit3064525296217292,8961,172−1,036−13,612−15,051
Other comprehensive income–––––––1937−1
Total comprehensive income–––––––−1,017−13,575−15,052
Earnings per share––––₹25.00₹95.76₹37.39−₹33.02−₹433.76−₹479.61
Diluted earnings per share––––₹23.10₹95.44₹37.09−₹33.02−₹433.76−₹479.61

Balance sheet

₹ crore, at 31 March.

₹ croreMar 2019Mar 2020Mar 2021
Total assets1,06,47585,83870,367
Loans given97,97766,20338,455
Investments2,3503,8818,449
Deposits6,5885,2795,292
87,11985,13384,560
Bonds and debentures45,37945,42845,575
Subordinated debt1,1361,2941,298
Loans40,60438,41137,686
8,102−5,538−20,637

Margins and returns

Per cent a year, on the average of the opening and closing balance sheets.

FigureMar 2019Mar 2020Mar 2021
Net interest margin–4.12%14.53%
Yield on interest-earning assets–10.84%14.91%
Cost of funds–6.22%0.24%
Spread–4.62%14.66%
Cost to income102.28%431.87%308.20%
Credit cost–7.60%4.29%
Return on assets–−14.16%−19.27%
Assets per rupee of net worth–75.00−5.97
Return on equity–−1,061.75%115.00%

Where the return on assets comes from

Per cent of average total assets, a year. Each line adds to the one below it. The year to Mar 2019, the first with a balance sheet on this form, has none a year before it to average with, so its ratios are blank.

Per centMar 2020Mar 2021
Net interest income3.65%10.88%
Other income0.12%0.11%
Operating expenses16.25%33.87%
Profit before provisions−12.49%−22.88%
Set aside for bad loans6.49%2.87%
Exceptional items0.00%0.00%
Profit before tax−18.98%−25.76%
Tax−4.82%−6.49%
Associates and businesses sold or closed0.00%0.00%
Return on assets−14.16%−19.27%

Cash flow

Standalone, ₹ crore, years to March.

₹ croreMar 2021
Cash from operations7,135
Capital spending0
Free cash flow7,135
Cash from investing−4,526
Cash from financing0
Dividends paid0
Shares bought back0
Shares issued0
Net change in cash2,609
Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2012, Mar 2013, Mar 2014, Mar 2015, Mar 2016, Mar 2017, Mar 2018, Mar 2019 and Mar 2020.

Per share

Standalone, ₹ per share, years to March.

₹ per shareMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
––––₹25.00₹95.76₹37.39−₹33.02−₹433.76−₹479.61
As stated that year₹28.97₹38.47₹41.23₹47.82₹25.00₹95.76₹37.39−₹33.02−₹433.76−₹479.61
––––₹23.10₹95.44₹37.09−₹33.02−₹433.76−₹479.61
Book value per share–––––––₹258.18−₹176.47−₹657.61
Shareholder yield–––––––––0.0%
Market cap at the year end (₹ crore)2,5091,9022,8076,0165,72911,497–4,715271491
Every year is restated for later splits and bonuses, so they do not break the line. The figure the company stated that year is under each line it differs from.

Growth and returns over 3, 5 and 10 years

Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2021.

Measure10 years5 years3 years
Return on equity, average––−319.8%
Net margin, average−22.7%−56.3%−108.6%
Asset turnover, average––0.11

Where the cash came from and went

Standalone: the listed company alone, without its subsidiaries. ₹ crore, added up over each window, which ends with the year to Mar 2021.

₹ croreLatest year
Cash from operations7,135
Cash from investing−4,526
Cash from financing0
Capital spending0
Dividends paid0
Shares bought back0
Shares issued for cash0

Business segments

In the year to Mar 2021 the company reports one business segment, Housing Finance, which carries all its revenue.

Where the return came from

Yearly rates to Mar 2021, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year+80.9%––0.0%
3 years−68.7%––0.0%
5 years−39.7%––0.0%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record.

Dewan Housing Finance Corpn. share price by year

Each calendar year to 2021.

YearClose at year endChangeHighest closeLowest close
202116.70−43.6%31.0513.30
202029.60+76.2%41.708.65
201916.80−93.3%246.3514.00
2018249.40−57.2%679.25183.85
2017582.70+139.2%665.65243.20
2016243.65+3.6%334.65142.20
2015235.25–237.05204.60
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2015 is from its first session, 9 Sep 2015. The 2021 close is its last trade, on 11 Jun 2021.

Recent sessions

The 10 trading days to 11 Jun 2021, as traded on BSE.

DateOpenHighLowCloseAverage priceVolume
11 Jun 202116.7016.7016.7016.7016.7024,54,074
10 Jun 202118.5518.5518.5518.5518.5517,57,826
9 Jun 202121.9521.9520.6020.6020.9050,80,936
8 Jun 202122.8522.8520.9022.8522.541,46,73,229
7 Jun 202120.8020.8020.8020.8020.8023,05,928
4 Jun 202118.1518.9517.8518.9518.6360,39,334
3 Jun 202118.1018.6017.9018.0518.1326,84,348
2 Jun 202117.9018.2017.5017.9517.9519,85,934
1 Jun 202118.0018.2017.2517.4517.5517,28,912
31 May 202117.7518.4017.3517.9518.0826,85,090
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.

Ex-dateEventPrice factorWhat happened
1 Oct 2019Price move–Between two trading sessions the price moved by a fifth or more. The company made an announcement in time for trading that day or the trading day before. Not adjusted for.
6 Aug 2019Price move–Between two trading sessions the price moved by a fifth or more. The company made an announcement in time for trading that day or the trading day before. Not adjusted for.
15 Jul 2019Price move–Between two trading sessions the price moved by a fifth or more. The company made an announcement in time for trading that day or the trading day before. Not adjusted for.
25 Sep 2018Price move–Between two trading sessions the price moved by a fifth or more. The company made an announcement in time for trading that day or the trading day before. Not adjusted for.
21 Sep 2018Price move–Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for.
9 Sep 2015Price move–Between two trading sessions the price fell 47% or more, or rose 90% or more. No corporate action is on record. Earlier prices are not shown.
Where an event has no factor that can be worked out, the chart leaves out the closes before it. Any other event is noted and not adjusted for.

Company details

BSE code
511072
ISIN
INE202B01012
Industry
Finance
Former symbols
DHFL, DEWANHOUS
CIN
L65910MH1984PLC032639
Corporate identity number, the registrar of companies' code for it
Incorporated
1984
Registered office
Warden House, 2nd Floor, Sir P M Road, Fort, Mumbai 400001, Maharashtra
Share registrar
Link Intime India Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments