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Abstract
Housing finance is a major driver for India’s growth and economic stimulus. Housing Finance Companies” (HFC’s)are specialized institutions set up for lending in housing and play a significant role in the Indian financial markets.They are non-banking financial organizations registered with the National Housing Bank (NHB) established in 1988, under the NHB Act, 1987. As per Jones Lang LaSalle report it was projected that the housing sector's contribution to the Indian GDP is expected to almost double to more than 11% by 2020 up from estimated 5-6 percent. The HFCs can enable the fulfillment of housing demands. This paper attempts to analyze the financial performance of five select HFCs for the period FY 2009 to FY 2018.In order to achieve the goal, this study has measured the ratios of ROE, applying the DuPont analysis.