LIC Housing Finance Share Price: 8.6% CAGR in 3 Years as the Home Loan Lender Compares With PNB Housing Finance and Home First

LIC Housing Finance previous close Rs 579. 3-year CAGR 8.6%. Up 1.3x since 10 Nov 2023. ROE 13.44%. Market cap Rs 31,741 crore.

The LIC Housing Finance share price has compounded at a steady pace over three years, and the stock trades at a P/E well below the industry level and below its book value. LIC Housing Finance, based in Mumbai, is a home loan lender promoted by the Life Insurance Corporation of India.

This article compares that record with PNB Housing Finance and Home First Finance. We calculate the three-year CAGR for all three and set the results beside market cap, valuation, return on equity and debt, using prices adjusted for corporate actions. Housing lenders borrow money to lend it on, so the debt figure is a normal part of the model rather than a warning sign.

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How Much Has the LIC Housing Finance Share Price Returned in 3 Years?

The LIC Housing Finance stock closed at Rs 451.95 on 10 November 2023 and at Rs 579.00 on 12 November 2026. Rs 1 lakh invested three years ago would have grown to about Rs 1.28 lakh, which is a CAGR of 8.6%. This is a price return and leaves out dividends.

CAGR condenses a bumpy three-year ride into one yearly number, which is why it is the fairest way to compare companies of different sizes. A stock such as LIC Housing Finance can look spectacular on a chart and still have earned a modest yearly return, so the compounded figure keeps the comparison honest.

The LIC Housing Finance share price has also followed steady demand for home loans, the company's large loan book and the trust that buyers place in a lender linked to a large insurer.

LIC Housing Finance vs PNB Housing Finance and Home First Finance: 3-Year CAGR Compared

The table ranks the companies by three-year CAGR. Prices on 10 November 2023 are adjusted for splits and bonuses, and the latest figures are the previous close on 12 November 2026.

Company	Close on 10 Nov 2023	Previous close (12 Nov 2026)	Price multiple	3-year CAGR
PNB Housing Finance	Rs 743.60	Rs 1,135.40	1.5x	15.2%
LIC Housing Finance	Rs 451.95	Rs 579.00	1.3x	8.6%
Home First Finance	Rs 930.85	Rs 1,093.70	1.2x	5.5%

The LIC Housing Finance stock ranks second of the three at 8.6%. It sits ahead of Home First Finance (5.5%). The company ahead is PNB Housing Finance (15.2%). PNB Housing Finance leads the group on three-year CAGR, followed by LIC Housing Finance and Home First Finance. LIC Housing Finance is the largest of the three by market cap and earns the highest ROE.

Look at the LIC Housing Finance share price alongside the peers as a snapshot of the last three years. It describes what happened, and valuation and earnings will decide what happens next.

Valuation and Quality Compared

Company	Market cap	P/E	Industry P/E	ROE	Debt to equity
LIC Housing Finance	Rs 31,741 crore	5.38	17.97	13.44%	6.50
PNB Housing Finance	Rs 29,097 crore	12.38	17.80	11.61%	3.93
Home First Finance	Rs 11,282 crore	18.21	21.72	13.28%	2.63

By market cap, LIC Housing Finance is the largest of the group at Rs 31,741 crore, which gives it the scale advantage over PNB Housing Finance, Home First Finance. On earnings, LIC Housing Finance shares trade at a P/E of 5.38 against an industry P/E of 17.97, a discount of about 70% to the sector, which leaves room if earnings keep growing. Peer multiples are PNB Housing Finance at 12.38 and Home First Finance at 18.21.

Return on equity is 13.44% for the LIC Housing Finance stock, which ranks first among the three, and debt to equity stands at 6.50. Trailing EPS is Rs 107.20. Housing lenders are valued on the price to book ratio and the return on equity, so the P/E should be read together with those two measures and the way the company funds its loans.

What Is Driving the LIC Housing Finance Stock?

LIC Housing Finance gives home loans to salaried and self-employed borrowers across the country, and it also lends to developers and against property. Home loans run for many years and are backed by the property itself, which can make the loan book steady.

The company is promoted by the Life Insurance Corporation of India and funds itself through bonds, deposits and bank loans. Its debt to equity of 6.50 is the highest of the three, which reflects the model of a housing lender that borrows to fund long loans.

Followers of the LIC Housing Finance share price usually track growth in home loan disbursals, the share of bad loans, the cost of borrowing and the price to book ratio.

How the Established Players Stack Up

PNB Housing Finance is a housing finance company promoted by Punjab National Bank that gives home loans, loans against property and loans to builders. It compounded at 15.2% a year, on a market cap of Rs 29,097 crore and an ROE of 11.61%.

Home First Finance is a Mumbai-based housing finance company that focuses on affordable home loans for first-time buyers. It compounded at 5.5% a year, on a market cap of Rs 11,282 crore and an ROE of 13.28%.

What Should Investors Track Next?

Three things are worth watching on the LIC Housing Finance share price. First, growth in home loan disbursals. Second, the cost of funds as interest rates change. Third, the share of bad loans.

At a P/E of 5, the stock trades well below the industry P/E of 18, and its ROE is 13.44%. The price to book ratio of 0.72 is below one, so follow quarterly numbers closely.

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How to Compare Housing Finance Stocks Yourself

You can repeat this exercise for any pair of stocks, including the LIC Housing Finance stock against its peers. Note the adjusted closing price on the base date, take the latest close, divide one by the other, raise the result to the power of one third and subtract one. Then place the CAGR next to market cap, P/E against the industry P/E, ROE and debt to equity. Benchmark the result against the Nifty 50 as well, so you know whether the stock beat the broader market.

A stock that scores well on growth but weakly on quality, or the reverse, deserves closer study before it enters a portfolio. When tracking the LIC Housing Finance share price, the same four checks give a more complete picture than price alone.

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The Largest Housing Lender in the Group, With a P/E Well Below the Industry

The LIC Housing Finance share price compounded at 8.6% a year over three years, ahead of Home First Finance at 5.5% and behind PNB Housing Finance at 15.2%. Its market cap of Rs 31,741 crore is the largest of the three, its ROE of 13.44% is the highest and its P/E of 5.38 is the lowest.

PNB Housing Finance brings the faster run, while Home First Finance brings a focus on affordable housing. LIC Housing Finance brings size and the lowest valuation. The choice depends on which housing lender you prefer.

Frequently Asked Questions

What is the LIC Housing Finance share price today?

Ans. LIC Housing Finance closed at Rs 579 on 12 November 2026, according to NSE data. It has a market cap of Rs 31,741 crore and a P/E of 5.38. Check live quotes before acting, as prices change every trading day.

What is the 3-year CAGR of the LIC Housing Finance stock?

Ans. LIC Housing Finance delivered a price CAGR of 8.6% over three years, moving from Rs 451.95 on 10 November 2023 to Rs 579.00 on 12 November 2026. The figure excludes dividends and uses adjusted closing prices.

Is LIC Housing Finance better than PNB Housing Finance?

Ans. PNB Housing Finance delivered a higher three-year CAGR at 15.2% than LIC Housing Finance at 8.6%. LIC Housing Finance is larger by market cap at Rs 31,741 crore against Rs 29,097 crore, trades at a lower P/E of 5.38 against 12.38 and has a higher ROE at 13.44% against 11.61%. The better choice depends on your view of each business.

What does LIC Housing Finance do?

Ans. LIC Housing Finance is a Mumbai-based home loan lender promoted by the Life Insurance Corporation of India.

Is the LIC Housing Finance stock debt free?

Ans. The debt to equity ratio of the LIC Housing Finance stock is 6.50 and its return on equity is 13.44%. Always check the latest balance sheet for current figures, as debt levels change with expansion plans.

Is LIC Housing Finance expensive compared with the industry?

Ans. LIC Housing Finance trades at a P/E of 5.38 against an industry P/E of 17.97. A higher multiple reflects expectations of faster growth, which the company must deliver through earnings.

Which housing finance stock gave the highest return in 3 years?

Ans. Among the companies compared here, PNB Housing Finance delivered the highest three-year CAGR at 15.2%, followed by LIC Housing Finance at 8.6%. Past returns do not guarantee future performance.

How do I calculate CAGR for a stock?

Ans. Divide the latest price by the starting price, raise the result to the power of one divided by the number of years, and subtract one. Multiply by 100 for a percentage. Use split and bonus adjusted prices for accurate results.