GIC Housing Finance

CMP: 101

GIC Housing Finance Limited supplies housing finance services in India. The Group provides a variety of housing loans to both individuals and corporations.

GIC Housing Finance is a good bet in small-cap finance space trading at a P/E of below 9. Excellent dividend yields of well over 4% in the last 12 months. Revenues have risen from 272 Crores to 439 Crores in the last 5 years. Profits have risen from 56 Crores to 114 Crores in the last 4 years and dropped back to 59 Crores in FY 2012. Recent quarter results are promising. Its a decent bet for long term.